| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Oil Is Crashing And So Is Greece – U.S. IS NEXT!
EITHER YOU “GET” THIS, OR YOU DON’T!
IF YOU DON’T… I’LL PRAY FOR YOUR FAMILY!
“We are about ready to have every financial asset amputated and removed from our custody. And at the end of the day, it is not going to matter, because the patient is terminal. Welcome to the world of credit swap derivatives which have dealt a death blow the global economy.
I believe that there are some things that nearly every American can do to soften the landing. However, based upon some of the comments that I am receiving on the website from my previous articles on this topic, it is clear that most people do not have a clue on how credit swap derivatives work and why their existence GUARANTEES THE ECONOMIC COLLAPSE of the United States.
THE PURPOSE OF THIS ARTICLE IS TO REMOVE THE CHILD-LIKE FALSE BELIEF THAT THERE WILL BE ANY MEANINGFUL ECONOMIC RECOVERY. THE ONLY WAY TO STAVE OFF A COMPLETE ECONOMIC COLLAPSE IS TO TOTALLY REPUDIATE THE DEBT!”
In a previous post of mine titled: WHEN THE ‘IMPORTANT PEOPLE START MOVING AND HIDING… YOU KNOW IT’S ABOUT TO GO DOWN, which is also based on a Dave Hodges post from the Common Sense Show, I point out a quote that has not left my mind since the day I read it:
“Some of my very best contacts have told me that it is time to stop warning the people, because it is now time to start hiding from the wrong people.”
People have commented, or asked questions about whether or not the government really has a LIST OF AMERICANS THAT NEED TO BE DETAINED IMMEDIATELY UPON THE IMPLEMENTATION OF MARTIAL LAW, and to that my response is simple: Have you READ any of the NSA stories I have posted? If not I suggest you take a look at some of the links below. The NSA is so advanced, they have the ABILITY TO SCAN A COMPUTER THAT HAS NEVER BEEN PLUGGED INTO AN AC SOCKET OR THE INTERNET…. EVER! I’d say they know all they need to know about every one of us. That’s why I laugh when people on Twitter say they aren’t on Facebook. Uh, you’re being watched no matter where you are… I promise.
Anyway, I can’t help but wonder how much additional risk I put myself in by continuing to post, yet at the same time, I don’t think I could sit back and not at least TRY to help people with the knowledge I have. I’m no expert in Derivative Swaps, but I’m glad Dave brings up Greece, because in keeping with the title of Dave’s show, COMMON SENSE should tell you 99% of what you need to know to become a believer that the United States is about to get WIPED OFF THE MAP when our economy implodes.
In my post titled: PART X: A STORM IS BREWING ON THE HORIZON – MARTIAL LAW BEFORE 2016, I said the following about Greece: I don’t think its a stretch to say most Americans have heard ad nauseam back when Greece was crashing, “If Greece goes, so does the European Union!” Remember all that? Hence all the bailouts to try to save Greece if you recall. It made the news night, after night, after night, after night. Just LOOK at all the chaos GREECE has caused Europe. Now for some facts:
- I don’t know how many countries make up the whole European Union but I know as a whole they have a $16 TRILLION dollar economy. Greece makes up 2% of their GDP. Hmmmm. If a measly 2% has the potential to bring down an entire continent’s financial system, lets compare that to the United States.
- The United States has a $15 TRILLION dollar economy. Anyone care to venture a guess what percentage our “liberal bastions of insanity” here in the U.S. make up as a percentage of our GDP? Of course I am referring to New York, New Jersey, Illinois, California, & Massachusetts. I don’t know what the percentage is, but can we agree its higher than the 2% Greece is?
Why is no one talking about this? THAT DOES NOT TAKE A ROCKET SCIENTIST TO FIGURE OUT! I think we could say ULTRA conservatively those states make up 15% of our GDP. Sadly, the insane union pensions that make up hundreds of billions of dollars in unfunded liabilities coming due will never get paid. How do you suppose we’ll get out of that one? Don’t even say China. If 2% Greece can bring down Europe, imagine what happens WHEN, not IF those states go belly up… like Detroit did. It’s just a matter of time. WOW.
THIS IS THE CALM BEFORE THE WORST STORM IN HISTORY…
ENJOY EACH DAY TO THE FULLEST!
The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has GREECE AT THE PRECIPICE OF A COMPLETE TOTAL FINANCIAL MELTDOWN. What a difference 24 hours can make. On Tuesday, things really seemed like they were actually starting to get better. The price of oil had rallied by more than 20 percent since last Thursday, things in Europe seemed like they were settling down, and there appeared to be a good deal of optimism about how global financial markets would perform this month. But now fear is back in a big way. Of course nobody should get too caught up in how the markets behave on any single day. The key is to take a longer term point of view. And the fact that the markets have been on such a roller coaster ride over the past few months is a really, really bad sign. When things are calm, markets tend to steadily go up. But when the waters start really getting choppy, that is usually a sign that a big move down in on the horizon. So the huge ups and the huge downs that we have witnessed in recent days are likely an indicator that rough seas are ahead.
A stunning decision that the European Central Bank has just made has set the stage for a major showdown in Europe. The ECB has decided that it will no longer accept Greek government bonds as collateral from Greek banks. This gives the European Union a tremendous amount of leverage in negotiations with the new Greek government. But in the short-term, this could mean some significant pain for the Greek financial system. The following is how a CNBC article described what just happened…
“The European Central Bank is telling the Greek banking system that it will no longer accept Greek bonds as collateral for any repurchase agreement the Greek banks want to conduct,” said Peter Boockvar, chief market analyst at The Lindsey Group, said in a note.
“This is because the ECB only accepts investment grade paper and up until today gave Greece a waiver to this clause. That waiver has now been taken away and Greek banks now have to go to the Greek Central Bank and tap their Emergency Liquidity Assistance facility for funding,” he said.
And it certainly didn’t take long for global financial markets to respond to this news…
The Greek stock market closed hours ago, but the exchange-traded fund that tracks Greek stocks, GREK, crashed during the final minutes of trading in the US markets.
The euro is also getting walloped, falling 1.3% against the US dollar.
The EUR/USD, which had recovered to almost 1.15, fell to nearly 1.13 on news of the action taken by the ECB.
BUT THIS IS JUST THE BEGINNING!
In coming months, I fully expect the euro to head toward parity with the U.S. dollar.
And if the new Greek government will not submit to the demands of the EU, and Greece ultimately ends up leaving the common currency, it could potentially mean the end of the eurozone in the configuration that we see it today.
MEANWHILE THE OIL CRASH HAS JUST TAKEN A NEW TURN!
Over the past week, we have seen the price of oil go from $43.58 to $54.24 to less than 48 dollars before rebounding just a bit at the end of the day on Wednesday.
This kind of erratic behavior is the exact opposite of what a healthy market would look like.
What we really need is a slow, steady climb which would take the price of oil back to at least the $80 level. In the current range in which it has been fluctuating, the price of oil is going to be absolutely catastrophic for the global economy, and the longer it stays in this current range the more damage that it is going to do.
But of course the problems that we are facing are not just limited to the oil price crash and the crisis in Greece. The truth is that there are birth pangs of the next great financial collapse all over the place. We just have to be honest with ourselves and realize what all of these signs are telling us.
And it isn’t just in the western world where people are sounding the alarm. All over the world, highly educated professionals are warning that a great storm is on the horizon. The other day, I had an economist in Germany write to me with his concerns. And in China, the head of the Dagong Rating Agency is declaring that we are going to have to face “a new world financial crisis in the next few years”…
The world economy may slip into a new global financial crisis in the next few years, China’s Dagong Rating Agency Head Guan Jianzhong said in an interview with TASS news agency on Wednesday.
“I believe we’ll have to face a new world financial crisis in the next few years. It is difficult to give the exact time but all the signs are present, such as the growing volume of debts and the unsteady development of the economies of the US, the EU, China and some other developing countries,” he said, adding the situation is even worse than ahead of 2008.
For a long time, I have been pointing at the year 2015. But this year is not going to be the end of anything. Rather, it is just going to be the beginning of the end.
During the past few years, we have experienced a temporary bubble of false stability fueled by reckless money printing and an unprecedented accumulation of debt. But instead of fixing anything, those measures have just made the eventual crash even worse.
NOW A DAY OF RECKONING IS FAST APPROACHING!
LIFE AS WE KNOW IT IS ABOUT TO CHANGE DRAMATICALLY…
The dollar collapse has been predicted on this site every 3 days for the last several years, when is it gonna happen?
The last 50 years.
Get it over with !
It will happen because the scheme of debt-based money generation has reached the exponential upswing. Einstein said that those who believe in permanent exponential growth are eithe madmen or economists. Years earlier Ludwig von Mises predicted the exact reason of Soviet collapse and he proved right. Sure it took 50 years, but he was so insightful and correct in his prediction while the entire world never saw it coming. Then it happened overnight. Same will happen with the US.
It’s best to be prepared as much as possible!