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Numbers Don’t Lie – Major Global Recession Has Already Begun (Video)

Wednesday, October 14, 2015 10:15

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(Before It's News)

These days, it is hard to find ANY area of government is being honest with the news it is reporting to We the People. truthfully, there is nothing that even hints around the truth coming from the Obama administration, and what is SO scary, is how the masses are buying into the fact that everything is ok. Everything is NOT ok. If everything was awful, it would be 10 steps above where we are right now, and sooner or later, when the smoke and mirrors fade away, God help us all, even those who seem to hate Him so.

If you don’t know how Gerald Celente is, Wikipedia describes him as:

An American trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance. That is a bit of an understatement. Gerald has predicted just about every financial hiccup and crash in his lifetime right down to the minute it was going to happen just about, so when he speaks, you ought to listen.

When asked what he expects, Celente echoed something II’I’ve been saying for over two years. When this whole house of cards comes crashing down, he says,

“You’re going to start seeing panic in the streets.”

When referring to the Greeks who were blindsided by their collapsing economy, Gerald says,

“How could any thinking human being have left money in the bank, knowing what was going on?”

The whole planet knew Greece was going down in flames except Greece. You might want to take note of that, because the pattern is repeating. Do you know there is a media blackout on what is REALLY going on in Syria? This morning I posted, 150,000 Russian Troops Are in Syria with a Chinese Aircraft Carrier and Iranian Ground Troops Backing Them. The current situation has deteriorated so badly, that our own government has issued a media blackout to prevent us from knowing that the United States is so close to war war with a coalition of enemy NATION STATES (Iran, Russia, and China), all with MASSIVE militaries of their own (unlike Afghanistan, Libya, or Iraq). If they’ll keep that from you, what do you think they’re keeping from you about the economy? Please understand that global economic collapse looms large. Gerald somewhat kiddingly reads the front page of the Financial Times which says, “China pumps liquidity into markets in an attempt to halt share sell-off.” Then he screams:

WHY NOT JUST CALL IT WHAT IT IS? RIGGING THE MARKET!

FOR MORE NEWS BY VOICE OF REASON CLICK HERE!

WWW.THELASTGREATSTAND.COM

The Fed here at home has been no different than China. They have been manipulating currency, manipulating the stock market, manipulating interest rates, and everything else. In Europe, Citibank’s chief economist says the Eurozone is in danger of total financial collapse due to the influx of refugees, Russia is a mess, Brazil is a mess, and you can bet your bottom dollar that In the not too distant future, when referring to the U.S., people will say,

“How could any thinking human being have left money in that market, knowing what was going on?”

Michael Snyder from the Economic Collapse Blog makes the argument below that a MAJOR global recession has already begun. I’m not a financial advisor, but it doesn’t take more than a bubble gum wrapper and a crayon to see how this all ends, and I promise you it won’t be the global elites left without a chair to sit in when the music stops. As I wrote about earlier, Organized Community Defense Might be Your Last Best Hope. Don’t think for ONE second, Obama hasn’t made his plans… Watch in horror as Obama addresses martial law takeover: “The politics has to change. And the people who are troubled by this have to be as intense, and as organized, and as adamant about this issue as folks on the other side who are absolutists and think that any gun safety measures are somehow an assault on freedom or Communistic. Or a plot by me to take over and stay in power forever or something….”

OR SOMETHING?

IS THAT WHAT HE’S CALLING IT?

Recall what Obama has already said about indefinite detention of American citizens WITHOUT them even having committed a crime. Hear it from Obama himself. No “Conspiracy Theory” about it! Even Rachel Maddow is dumbfounded as Obama VERY CLEARLY lays out his intentions for to lock up American citizens for crimes he thinks they MIGHT commit in the future. Anyone who tells you that your tin foil hat is too tight when you talk about FEMA Camps is a FOOL! There he is, right there… you think he’s kidding?

FOR MORE NEWS BY VOICE OF REASON CLICK HERE!

CHECK OUT THE NEW GOOGLE+ PAGE!

NO MATTER HOW SMART YOU THINK YOU ARE, I STRONGLY SUGGEST YOU PRINT AND READ THESE BEFORE COLLAPSE IS UPON US. YOU’D BE AMAZED WHAT THEY CONTAIN THAT YOU MAY VERY WELL USE ONE DAY. I DON’T SUSPECT SAYING, “FROM MY COLD DEAD FINGERS,” IS MUCH OF AN ACTUAL STRATEGY.

How to Survive Martial Law! – DETAILED GUIDE!

If They Come For Your Guns, Do You Have A Responsibility To Fight?

How Will You Respond When They Come For YOUR Guns? Better Think it Through!

THE END IS NOT FAR OFF… BE PREPARED!

Michael Snyder writes:

The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent. So those that are waiting for the next worldwide economic recession to begin can stop waiting. It is officially here. As you will see below, money is fleeing emerging markets at a blistering pace, major global banks are stuck with huge loans that will never be repaid, and it looks like a very significant worldwide credit crunch has begun. Just a few days ago, I explained that the IMF, the UN, the BIS And Citibank were all warning that a major economic crisis could be imminent. They aren’t just making this stuff up out of thin air, but most Americans still seem to believe that everything is going to be just fine. The level of blind faith in the system that most people are demonstrating right now is absolutely astounding.

The numbers say that the global economy has not been in this bad shape since the devastating recession that shook the world in 2008 and 2009. According to HSBC, “we are already in a dollar recession”…

Global trade is also declining at an alarming pace. According to the latest data available in June the year on year change is -8.4%. To find periods of equivalent declines we only really find recessionary periods. This is an interesting point. On one metric we are already in a recession. As can be seen in Chart 3 on the following page, global GDP expressed in US dollars is already negative to the tune of USD 1,37trn or -3.4%. That is, we are already in a dollar recession.

Here is the chart that Zero Hedge posted along with the quote above. As you can see, the only time global GDP expressed in U.S. dollars has fallen faster in recent years was during the horrible recession of seven years ago…

FOR MORE NEWS BY VOICE OF REASON CLICK HERE!

WWW.THELASTGREATSTAND.COM

But there are still a whole lot of incredibly clueless people running around out there claiming that “nothing is happening” even though more signs of trouble are erupting all around us every single day.

For instance, just today CNBC published an article entitled “The US is closer to deflation than you think“, and Twitter just announced that it plans to lay off 8 percent of its entire workforce.

But of course the biggest problems are happening in “emerging markets” right now. The following is an excerpt from an article that was just published in a major British news source entitled “The world economic order is collapsing and this time there seems no way out“…

Now act three is beginning, but in countries much less able to devise measures to stop financial contagion and whose banks are more precarious. For global finance next flooded the so-called emerging market economies (EMEs), countries such as Turkey, Brazil, Malaysia, China, all riding high on sky-high commodity prices as the China boom, itself fuelled by wild lending, seemed never-ending. China manufactured more cement from 2010-13 than the US had produced over the entire 20th century. It could not last and so it is proving.

China’s banks are, in effect, bust: few of the vast loans they have made can ever be repaid, so they cannot now lend at the rate needed to sustain China’s once super-high but illusory growth rates. China’s real growth is now below that of the Mao years: the economic crisis will spawn a crisis of legitimacy for the deeply corrupt communist party. Commodity prices have crashed.

Money is flooding out of the EMEs, leaving overborrowed companies, indebted households and stricken banks, but EMEs do not have institutions such as the Federal Reserve or European Central Bank to knock up rescue packages. Yet these nations now account for more than half of global GDP. Small wonder the IMF is worried.

It is one thing for The Economic Collapse Blog to warn that “the world economic order is collapsing”, but this is one of the biggest newspapers in the UK.

I was writing about these emerging market problems back in July, but at that time very few really understood the true gravity of the situation. But now giant banks such as Goldman Sachs are calling this the third stage of the ongoing global financial crisis. The following comes from a recent CNBC piece entitled “Is EM turmoil the third wave of the financial crisis? Goldman thinks so“…

Emerging markets aren’t just suffering through another market rout—it’s a third wave of the global financial crisis, Goldman Sachs said.

“Increased uncertainty about the fallout from weaker emerging market economies, lower commodity prices and potentially higher U.S. interest rates are raising fresh concerns about the sustainability of asset price rises, marking a new wave in the Global Financial Crisis,” Goldman said in a note dated last week.

The emerging market wave, coinciding with the collapse in commodity prices, follows the U.S. stage, which marked the fallout from the housing crash, and the European stage, when the U.S. crisis spread to the continent’s sovereign debt, the bank said.

You know that it is late in the game when Goldman Sachs starts sounding exactly like The Economic Collapse Blog. I have been warning about a “series of waves” for years.

When will people wake up?

What is it going to take?

The crisis is happening right now.

Of course many Americans will refuse to acknowledge what is going on until the Dow Jones Industrial Average collapses by several thousand more points. And that is coming. But let us all hope that day is delayed for as long as possible, because all of our lives will become much crazier once that happens.

And the truth is that many Americans do understand that bad times are on the horizon. Just check out the following numbers that were recently reported by CNBC…

The CNBC All-America Economic Survey finds views on the current state of the economy about stable, with 23 percent saying it is good or excellent and 42 percent judging it as fair. About a third say the economy is poor, up 3 points from the June survey.

But the percentage of Americans who believe the economy will get worse rose 6 points to 32 percent, the highest level since the government shutdown in 2013. And just 22 percent believe the economy will get better, 2 points lower than June and the lowest level since 2008, when the nation was gripped by recession.

If you want to believe that everything is going to be just fine somehow, then go ahead and believe that.

All I can do is present the facts. For months I have been warning about this financial crisis, and now it is playing out as a slow-motion train wreck right in front of our eyes.

We are moving into a period of time during which events are going to start to move much more rapidly, and life as we know it is about to change in a major way for all of us.

Hopefully you have already been preparing for what is about to come.

If not, I wouldn’t want to be in your position.