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Dr. Jim Willie: Economic Collapse is On Our Doorstep
In the following video, everyone’s favorite economist, Dr. Jim Willie kicks off his most recent interview dealing with a coming global economic implosion with a discussion about the precious metals market. In the interview, Dr. Willie makes some explosive allegations regarding the global banking cartel, stating that the US & France recently launched an invasion of Mali in order to utilize Mali’s gold production to meet the Bundesbank’s 300 ton gold repatriation request. Dr. Willie also states that there is a huge shortage of gold, and that a massive gold rush will soon be ignited, resulting in an epic short covering rally and a 50% explosion in the price of gold.
Find out what other not so hopeful economic news the good doctor says we have to look forward to in another nail biting interview below, followed by an article from Michael Snyder about how many states in the country have already fallen into a recession. Stay tuned folks… the ride is just beginning. Anyone with a heart condition should exist to the right…
NEW: Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
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Did you know that there are some U.S. states that have already officially fallen into recession? Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really starting to feel the pain. In particular, any state that is heavily dependent on the energy industry is hurting right now. During the years immediately following the last recession, the energy industry was the primary engine for the growth of good paying jobs in America, but now that process is completely reversing. All over the U.S. energy companies are going under, and thousands upon thousands of good jobs are being lost.
On Sunday evening, Bloomberg published an article entitled “The U.S. States Where Recession Is Already a Reality“. The following is an excerpt from that article…
As economists size up the chances of the first nationwide slump since 2009, pockets of the country are already contracting. Four states — Alaska, North Dakota, West Virginia and Wyoming — are in a recession, and three others are at risk of prolonged declines, according to indexes of state economic performance tracked by Moody’s Analytics.
The three additional states that are “at risk of prolonged declines” are Louisiana, New Mexico and Oklahoma. What all of those seven states have in common is a strong dependence on the energy industry. Last year, 67 oil and gas companies in the United States filed for bankruptcy, and approximately 130,000 good paying energy jobs were lost.
If the price of oil does not go back up, this could be just the beginning. It is being reported that a whopping 35 percent of all oil and gas companies around the planet are at risk of falling into bankruptcy, and the financial institutions that have been backing these energy companies are getting very nervous.
Of course things could shift dramatically for oil and gas companies if World War 3 suddenly erupts in the Middle East, and that could literally happen at any time. But for the moment the outlook for the energy industry continues to be quite dreary.
Let us also keep in mind that the problems for the U.S. economy are not limited to the energy industry. According to CNBC, corporate profits in the United States have now declined for three straight quarters, and this is the very first time this has happened since the last recession…
With 87 percent of the S&P 500 reporting, total blended fourth-quarter earnings have shown a decline of 3.6 percent, according to FactSet. Assuming the trend holds up, it will mark the first time profits have fallen for three straight quarters since 2009.
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But the road ahead doesn’t get any easier.
FactSet is now projecting that earnings will decline 6.9 percent in the first quarter, a stunning move lower over time considering that in September the expectation was for 4.8 percent growth.
As corporate profits fall, layoffs are starting to increase. Just the other day we learned that the number of job cuts in this country shot up 218 percent during the month of January according to Challenger, Gray & Christmas.
It is starting to look very much like 2008 all over again, and I am convinced that it will soon be much, much harder to find work in America.
Here are some more numbers that indicate that the U.S. is heading into a major economic slowdown…
–U.S. exports were down 7 percent on a year over year basis in December.
–U.S. manufacturing activity has been in contraction for four months in a row.
–U.S. factory orders have fallen for 14 months in a row.
–The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.
–Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.
But the mainstream media continues to try to convince all of us that everything is going to be just fine. Earlier today, CNN ran an article entitled “U.S. recession fears fade after market rally“, and the Wall Street Journal published an article entitled “The U.S. Economy Is in Good Shape” that got a tremendous amount of attention.
Well, if the U.S. economy is in such great shape, then why are some of the biggest retailers in the entire nation shutting down stores at a frightening pace. The following list of store closures comes from one of my previous articles…
-Wal-Mart is closing 269 stores, including 154 inside the United States.
-K-Mart is closing down more than two dozen stores over the next several months.
-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
-The Gap is in the process of closing 175 stores in North America.
-Aeropostale is in the process of closing 84 stores all across America.
-Finish Line has announced that 150 stores will be shutting down over the next few years.
-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.
Perhaps things look fine for the moment in New York City or Washington D.C. or San Francisco or wherever it is that these “reporters” write their articles.
But for ordinary Americans that operate in the real world, the pain of this new economic downturn is already exceedingly apparent. Here is more from Bloomberg…
Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.
“Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”
Unfortunately for hard working Americans like Oxley, what we have seen so far is just the tip of the iceberg.
We have entered a long downturn that is ultimately going to be even more painful than the last recession was.
And everything changes if Saudi Arabia and Turkey get trigger happy and decide to invade Syria. If that happens, it could very well be the spark that sets off World War 3 and a full-blown meltdown of the global financial system.
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FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Jim Willie: “The Quickening” is Approaching Global Economic Markets
Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall
Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse
Jim Willie: Global Banking Cabal and Their Satanic Rules Are Ready to Strike
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
Jim Willie, The Fed’s Week of Reckoning, and an Isolated United States
Jim Willie: After Banks Fail, Government Seizes IRA’s, 401k’s, and Pensions
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
Jim Willie: What Do the Oil Black Market, NATO, and ISIS Have in Common?
Jim Willie; One on One -Taking Questions On the Most Pressing Matters of the Day
Jim Willie: The Fed, Yellen, US Dollar, and Negative Interest Are a Joke!
Jim Willie Explains U.S. Nuclear Threats to China & Russia Over Challenging the Dollar
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Federal Reserve Only Delaying Total Financial Collapse of U.S. Economy
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Recovery Fantasy Persists Despite Recession Evidence
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff: Due to the Feds Antics, the Market is Very Dangerous Now
Peter Schiff and “If The Economy Is Fine, Why Are So Many Large Retailers Imploding?”
Peter Schiff: Take a Good Look at the “New” American Dream!
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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HA HA! DO GAULS CARE ABOOT “ECONOMIC COLLAPSE” ! NO!!!
how about soom coolness! like the RACE WAR that is about to start!
http://www.bbc.com/news/world-africa-35641359
hey hey! MOST of the universitys here are CLOSED due to RACE RIOTS.
and, im UTTERLY uninterested. im lookin at march 5!!!
WGHAT IF!! WHAT IF THAt SUCKER HITS! O MOTHER GLORY
2013 TX68 YOU BEAUTY PLEASE CAUSE SOME PANIC!!! cause, my reasons are SELFISH.
i, am only interested in, and want to talk about the Scriptures, because i have found many secrets and treasures, but, people are not interested, so i want these things to come, so people will wig out, and i will have some value to them, cause now, they hate me, and they dont wanna hang out, and they just wanna talk about frivolous worldly things and meaningless past times. they love “sport” blegh,, MMA should be the ONLY sport, 1v1, 2v2, 5v5, 1000 v 1000, sigh, a REAL culture, a GAELIC Culture, not this super gay roman tripe you lot going on, australia, south africa and usa, all have cultures derived from ephraim, engerland, freemasonononic baal worship donkey balls swine tripe.
ALso, my “manner” is , unappealing to some, and, i vex them, this amuses me, pain, also amuses me, for from pain, we learn, we Gauls, will soon show the world our gall, they thought us dead, o so long ago,Lest We Forget the Vandals, Heruli, and the Ostrogoths , WHO LIVE AGAIN which comes, with our black sun.
hij
Geez BIN. Get it over with already and change your name to ‘Ad Central’ or something like that.
collapse and consolidation is coming. the new world order is here and we won’t be able to stop it.
its time to come to Christ Jesus, our only true salvation from the evils of this world.
[Rom 13:11-12 KJV]
11 And that, knowing the time, that now [it is] high time to awake out of sleep: for now [is] our salvation nearer than when we believed. 12 The night is far spent, the day is at hand: let us therefore cast off the works of darkness, and let us put on the armour of light.
http://www.mindfulofthetruth.wordpress.com
This explains it 100% what the problem is! Prove my wrong and hear reality!
https://www.youtube.com/watch?v=zI5hrcwU7Dk
The Federal Reserve has propped up markets, manipulated commodities, printed money in every conceivable form all to protect the current administration from economic disaster. Debt, stacked on top of debt, lies told without consequence are nearing the day of unraveling. Obama plans to walk out of the White House tossing the keys to the next President who will incur the largest debt ever mounted, so great is the debt it exceeds all the countries of the world debt. Unpayable, crushing the citizens with a burden so great it will take 10 generations enslaved to pay back China, Japan… If you can buy Silver and Gold, the dollar will fall from it’s stratospheric perch wiping out households in a final blow. Evil, wicked, Islamic radical and gay is our President, uncaring, psychopathic, delusional and warped Obama devastated America and the low I.Q. Liberals believed Free would never cost anything. Run, run fast, do not wait, the debt clock ticks ever closer to unpayable