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Peter Schiff and Dr. Jim Willie Warn Investors About Timing Fed Market Rally

Saturday, February 27, 2016 18:56
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(Before It's News)

Market

In the videos below, Peter Schiff and Jim Willie give their assessments of the recent changes we’ve seen in the U.S. stock markets. In the first video, Peter Schiff comments on how the U.S. stock market closed at their highest levels since early January, so the question at hand, is why people are suddenly buying into stocks despite all the known economic issues, and despite 13 Of The Biggest Retailers In America Closing Down Major Stores, as Michael Snyder details in the article below?

NEW: Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming

Peter suggests a possible reason people are suddenly buying into stocks despite all the abysmal news is because they are expecting the Fed to once again cut interest rates, and offer cheap money. Anyone thinking that no doubt had their feelings somewhat validated on Friday when during a CNBC interview James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, said he didn’t think inflation was high enough. That comment certainly lends credibility to the notion that the Fed is considering what Peter Schiff has long been suspecting, which is another round of Quantitative Easing. 

Peter Schiff – Even Cramer Can See Bullard Is Blind

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Even if that line of thought is true, what people seem to be missing, is that there are much deeper economic problems plaguing the economy because there are companies like Walmart, Nordstrom, Macy’s, Staples, and Whole Foods which have all announced they will be closing stores left and right.  

In the second video, Dr. Jim Willie offers every reason in the world why people should be getting out of the U.S. stock markets. His reason: He says the gold standard is coming back and Americans are going to be the last ones to know. 

The Currency Reset With Jim Willie

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The Daily Coin Reports:

“Whatever percentage gain gold has…silver will offer triple that percentage gain. I think we are going to see 10,000 gold and $400 silver.”

“One very important lesson to take away from the first 2 months of the year is that most asset classes are doing very badly, but gold is not. The reason is simple – because the gold standard is coming back and Americans are going to be the last ones to know.

This time I say, whatever percentage gain gold has…silver will offer triple that percentage gain. I think we are going to see 10,000 gold and $400 silver. There is a new financial structure coming, a new currency system – and it’s going to be all gold-backed,” says Dr. Jim Willie in an interview on February 24, 2016 with Caravan to Midnight.

“QE was the biggest back door bank bail out in history. I hear that they are negotiating, like right now, this week – with the Chinese to lend to the US, in a giant lease, some gold to back a new currency. But the US will not be the custodian of this gold, because they are not to be trusted.

The elite in the US stole the gold in Fort Knox, stole the gold in Libya, stole the gold in the Ukraine and they forced the Canadians to ..sell their gold, and now the Canadians have sold their last $200 million dollars worth of gold like absolute idiots. But the US is going to have to be a colony of China in order to get out of this.

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The Chinese just might lease us some gold, but they won’t let us hold it.

Reasons We Won’t Go to A Cashless Society

You would not be able to bribe politicians.

You wouldn’t be able to have sports betting.

You wouldn’t be able to buy cocaine on Wall Street.

You wouldn’t be able to have prostitution. The Mafia won’t like that.

You’d eliminate the entire black market.

WHAT JIM WILLIE SAYS NEGATES THE FOLLOWING OPPOSING VIEWS:

New World Order’s Ban on Cash is Coming… Prepare To Be Microchipped 

Bilderberg Topic 2015: Ingestible RFID Microchips

Prepare to be Microchipped. This is Not a “Request”

FDA Approved Ingestible RFID Chips: The “Mark of the Beast” Is Upon Us Today 

New World Order’s Ban on Cash is Coming… Prepare To Be Microchipped 

How Illuminati Are Directly Related To Ancient Megaliths and What it Means 

9 Ways To Stop Cooperating With The Ruling Global Elite’s Control System

The 10 Stage Reset Has Begun

We’ve got about a 10 stage reset. It started last December. The Fed mentioned that the banks were “too big to fail”. Then the Fed engineered a fake interest rate hike, to distract the morons. There’s been no interest rate hike at all, but what they did do, was open up the second barrel, for the double barrel QE. They opened up the Exchange Stabilization Fund to be the second source of QE, covering bond sale.

You’ve got countries all around the world that are dumping their Treasuries. A quarter of a trillion dollars was dumped by China, after the IMF told them they weren’t letting them into the Special Drawing Rights (SDR). The Fed pretended to do a rate hike.

There are a lot of steps to this reset. There are a lot of gold-backed currencies that are going to be launched this year.

If the US can’t collatoralize its currency with  copper, silver or gold- backing, then it’s going to be devalued every 2 months and we’re going to end up looking like Venezuala. Venezuela in 2013 suffered back-to-back 35% -40% devaluation.

Then they suddenly had a 70% devaluation of their bolivar currency and they had to desperately close their deficit. The US might end up in the same way. Venezula is exporting their rice, beans, toilet paper and condoms in order to close the deficit and stop the bleeding of their currency. But it’s just not working; they have 300% inflation in just the last 3 years.

One of the steps to occur before the reset will be that the major banks load up on gold, quietly, then when the price goes up, they will be re-capitalized.

We’re going to have reality come with the reset, and it’s going to be a huge wake up call to the American people. They are going to see some new employment opportunities, but it’s going to help to speak Chinese.”

Closed

Add what Michael Snyder has to say below about major U.S. retailers closing stores around the country, and it’s pretty obvious those thinking that the U.S. stock markets are a buying opportunity are bound to be in for a huge disappointment. 

Michael Snyder writes:

Barack Obama recently stated that anyone that is claiming that America’s economy is in decline is “peddling fiction“.  Well, if the economy is in such great shape, why are major retailers shutting down hundreds of stores all over the country?  Last month, I wrote about the “retail apocalypse” that is sweeping the nation, but since then it has gotten even worse.  Closing stores has become the “hot new trend” in the retail world, and “space available” signs are going up in mall windows all over the United States.  Barack Obama can continue huffing and puffing about how well the middle class is doing all he wants, but the truth is that the cold, hard numbers that retailers are reporting tell an entirely different story.

Earlier today, Sears Chairman Eddie Lampert released a letter to shareholders that was filled with all kinds of bad news.  In this letter, he blamed the horrible results that Sears has been experiencing lately on “tectonic shifts” in consumer spending

In a letter to shareholders on Thursday, Lampert said the impact of “tectonic shifts” in consumer spending has spread more broadly in the last year to retailers “that had previously proven to be relatively immune to such shifts.”

“Walmart, Nordstrom, Macy’s, Staples, Whole Foods and many others have felt the impact of disruptive changes from online competition and new business models,” Lampert wrote.

And it is very true – Sears is doing horribly, but they are far from alone.  The following are 13 major retailers that are closing down stores…

#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.

#2 It is being reported that Sports Authority will file for bankruptcy in March.  Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.

#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.

#4 Target has just finished closing 13 stores in the United States.

#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.

#6 Office Depot plans to close a total of 400 stores by the end of 2016.

The next seven examples come from one of my previous articles

#7 Wal-Mart is closing 269 stores, including 154 inside the United States.

#8 K-Mart is closing down more than two dozen stores over the next several months.

#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

#11 The Gap is in the process of closing 175 stores in North America.

#12 Aeropostale is in the process of closing 84 stores all across America.

#13 Finish Line has announced that 150 stores will be shutting down over the next few years.

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These store closings can be particularly cruel for small towns.  Just consider the impact that Wal-Mart has had on the little town of Oriental, North Carolina

The Town’n Country grocery in Oriental, North Carolina, a local fixture for 44 years, closed its doors in October after a Wal-Mart store opened for business. Now, three months later — and less than two years after Wal-Mart arrived — the retail giant is pulling up stakes, leaving the community with no grocery store and no pharmacy.

Though mom-and-pop stores have steadily disappeared across the American landscape over the past three decades as the mega chain methodically expanded, there was at least always a Wal-Mart left behind to replace them. Now the Wal-Marts are disappearing, too.

Of course there are many factors involved in this ongoing retail apocalypse.  Competition from online retailers is becoming more intense, and consumer spending patterns are rapidly changing.

But in the end, the truth is that you can’t get blood out of a rock.  The middle class in America is shrinking, and there just isn’t as much discretionary spending going on as there used to be.

And now that we have entered a new economic downturn, many retailers are finding that there are some local communities that can no longer support their stores.  The following comes from CNBC

Though the shift to online shopping is no doubt playing a role in lighter foot traffic at malls, there’s more to their changing economics than the rise of Amazon. Changing demographics in a town are another reason a shopping center could struggle or fail — for example, if massive layoffs in a particular industry cause people to move away to find employment.

“A lot of people want to try and tie it to the Internet or ‘that’s not cool,’ or teens don’t like it,” Jesse Tron, a spokesman for industry trade group International Council of Shopping Centers, told CNBC last year. “It’s hard to support large-format retail in those suburban areas when people are trying to just pay their mortgage.”

In order to have a thriving middle class, we need good paying middle class jobs.  Unfortunately, our economy has been bleeding those kinds of jobs quite rapidly.  For example, Halliburton just announced that it is eliminating 5,000 more jobs after getting rid of 4,000 workers at the end of last year.

During the Obama years, good paying middle class jobs have been getting replaced by low paying service jobs.  At this point, 51 percent of all American workers make less than $30,000 a year.

And there is no way that you can support a middle class family with children on $30,000 a year.

We have an economy that is in the process of failing.  We can see it in the explosion of subprime auto loans that are going bad, we can see it in the hundreds of retail stores that are shutting down, and we can see it in the tens of thousands of good paying energy jobs that are being lost.

During the Obama years, interest rates have been pushed to the floor, the Federal Reserve has created trillions of dollars out of thin air, and the size of our national debt is getting close to doubling.  Despite all of those desperate measures, our economy continues to crumble.

We stole from the future to try to paper over our failures and it didn’t work.  Now an economic downturn that will ultimately turn out to be even worse than the “Great Recession” of 2008 and 2009 has begun, and our leaders have absolutely no idea how to fix things.

I wish I had better news to report, but I don’t.  Get prepared now, because very rough times are ahead.

What about you?

Are you getting prepared?

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Collapse 6

FOR MORE GREAT MATERIAL FROM JIM WILLIE:

Dr. Jim Willie: Economic Collapse is On Our Doorstep

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 

COMM-DollarCartoon07242009-2

FOR MORE GREAT MATERIAL FROM PETER SCHIFF:

Peter Schiff: Newest Recession Hiding in Plain View; American Dream Is Dead

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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