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Time to Face Awful Reality: Financial Armageddon Is Imminent (Videos)
Aside from an overall fascination with economics in general, the primary reason I chose to make so many of my posts about the economy, is because of the emails I receive from people. They come in two basic varieties:
1. You’re insane, and there will be no economic collapse; OR
2. I’ve never understood or followed any of this stuff; Thank you so much for introducing me to people I can understand, and who make sense.
I will continue to focus on economic issues as long as I keep getting emails saying, “You’re insane, and there will be no economic collapse,” because if one extra family is prepared when the day does come, I’ll have done what I set out to do, which is arm people with information, not rhetoric. I bring that up because this week two stories came out that should have given even the biggest naysayers a SERIOUS moment of pause. The two stories I am referring to are CRITICALLY important for people to know about, however it’s as if the mainstream media has orders for a total media blackout on both.
The first story dealt with the REAL reason Donald Trump canceled his event in Chicago several weeks ago. The story includes chilling video footage of a huge Muslim protest where marchers were screaming “Death to America” on the streets of Chicago, and the mainstream media was completely silent. Even worse than just being silent, mainstream media actually lied about why Trump canceled the event, and they even covered for the protest. You can see (and hear) some of the horribly disturbing footage taken below:
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Huge Muslim March in Chicago: “DEATH TO AMERICA”
The mainstream media has been pushing the asinine narrative that Trump supporters are violent racists, when the fact is Trump’s supporters are being provoked deliberately by agitators getting paid $16 per hour by George Soros to cause chaos. The second of the two stories I mentioned dealt with an armed standoff at a protest between militant Black Panthers and a group of Muslims outside a Dallas mosque. It should be VERY obvious, that either one of those stories could have turned incredibly violent, incredibly fast, and then what do you think would have happened?
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Do you think that word of a major conflict between any of the groups mentioned would not spread like wildfire? Then what? What has recent history taught us about conflicts involving race or ethnic groups? How have people reacted in recent history? Uh, Ferguson, Baltimore, H-E-L-L-O!!! George Soros’s new group “Democracy Spring” has said it plans to create the largest civil uprising in this nation’s history if Donald Trump gets nominated. Imagine Ferguson in every major city. Despite the blatant warning from the Soros group, the media STILL isn’t talking about either of the above mentioned stories, despite the fact that both were obvious warnings (to anyone who knows about them anyway), that tensions in this country are absolutely at a tipping point, so be careful!
HERE’S THE POINT: When human life is obviously at risk if a situation goes south, the media is lying with their deliberate acts of omission when they cover up of stories. If they can’t even be honest when human life or mass casualties could be at risk, what in God’s name makes you think they are being honest about the economy?
Who does it make more sense to trust on economic issues: 1) Fed Chair Janet Yellen, who sees herself as an extension of the Obama administration (in a position that is not supposed to be political), and who wasn’t even in touch with reality enough to be forecasting recession halfway through 2008… aka the year when we were knee deep in “The Great Recession;” OR 2) People like Peter Schiff, Dr. Jim Willie, Harry Dent, and Michael Snyder, who all warned or wrote about what was going to happen in 2008 as early as 2006?
THERE ABSOLUTELY IS GOING TO BE A COLLAPSE OF THE U.S. DOLLAR, AND THERE IS NOTHING ANYONE CAN DO TO STOP IT. NO ONE!
The best people can do is learn what is happening, so they know how close we are to the #%#@ hitting the fan, and they have at least some time to prepare until then. Remember this:
According to a CNN Money report, back in 2008 the United States lost roughly 23% of its TOTAL net worth in “The Great Recession.” Keep in mind that figure includes the top 1% of Americans we hear so much about, so a more accurate number to base our conversation on would be the total losses experienced by the “average” person. By “average,” we’re talking about people with diversified mutual fund portfolios. When people talk about the crash of 2008, most would have loved to have only suffered 23% losses, but most did far, far worse. For that reason, we really shouldn’t count the uber rich when trying to get an understanding of how poorly “Main Street” fared In 2008. As it turns out, the average diversified mutual fund lost close to 40% in value in 2008.
That means almost HALF of the wealth of families “INVESTED” in American equities (stock/mutual funds) just vanished in 2008. To wrap your head around how truly devastating the 2008 crash was, let’s remember that it’s by NO MEANS be accurate to say the “average” family is heavily invested in diversified stock portfolios. Most are in debt up to their eyeballs, living beyond their means, and surviving check-to-check. The “average” HOUSEHOLD income in 2008, for an entire working family, was only slightly over $50,000, so I think it’s safe to say, many of THOSE families were not making ANY investments into the “average” diversified stock portfolio.
THE GOOD NEWS: Everyone was working when the crash hit.
THE BAD NEWS: Average every day people lost close to 50% or more of their entire life savings or any multi-generational wealth they’d accumulated as of 2008. Sounds bad right?
TO PUT THE COMING FINANCIAL COLLAPSE INTO SOME PERSPECTIVE…
THE CURRENT GLOBAL DERIVATIVE BUBBLE IS NOW 20% BIGGER THAN IT WAS IN 2008…
OVER 100 MILLION AMERICANS ARE OUT OF WORK (REGARDLESS OF WHAT OBAMA SAYS)!
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PIn the first video below, Peter Schiff goes into detail using very easy to understand language why the Dollar IS going to collapse. After that, in an article afterword, Michael Snyder discusses how Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent! You may recall Harry Dent from a prior post titled: Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says (Video)
THE FOLLOWING TWO POSTS FEATURE BOTH PETER SCHIFF AND DR. JIM WILLIE:
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Peter Schiff and Dr. Jim Willie Warn Investors About Timing Fed Market Rally
ALSO DON’T MISS:
Jim Willie and How the Loss of the US Dollar as Reserve Currency Affects You Personally
Jim Willie: Americans Are Destitute Now, Wait Until The US Dollar Collapses
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FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in 2002. Of course we don’t exactly have to wait for things to get bad. The truth is that things are not really very good at the moment by any stretch of the imagination. Approximately one-third of all Americans don’t make enough money to even cover the basic necessities, 23 percent of adults in their prime working years are not employed, and corporate debt defaults have exploded to the highest level that we have seen since the last financial crisis. But if Kiyosaki and Dent are correct, economic conditions in this country will soon get much, much worse than this.
During a recent interview, Harry Dent really went out on a limb by staking his entire reputation on a prediction that we would experience “the biggest global bubble burst in history” within the next four years…
THAT PREDICTION CAN BE SEEN BELOW:
There will be… and I will stake my entire reputation on this… we are going to see the biggest global bubble burst in history in the next four years…
There’s only one way out of this bubble and that is for it to burst… all this stuff is going to reset back to where it should be without all this endless debt, endless printed money, stimulus and zero interest rate policy.
And of course he is far from alone. Without a doubt, we are currently in the terminal phases of the greatest financial bubble the world has ever known, and it is exceedingly difficult to see any way that it will not end very, very badly.
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
Ultimately, Dent believes that we could see U.S. stocks lose two-thirds of their value by late next year…
The Dow, I’m projecting, will hit 5,500 to 6,000 by late 2017… just in the next year and a half or so.
That’ll be most of the damage… then it will rally and there’ll be some aftershocks into 2020… my four cycles point down into early 2020 and then they start one after the other to turn up… I think the worst will be over by 2020, but the worst of that will be by the end of 2017.
If that does happen, it will be a far worse crash than what we experienced back in 2008, and the economic consequences will be absolutely terrifying.
Another highly respected financial expert that is making similar claims is Robert Kiyosaki. My wife is a big fan of his books, and I have always held him in high regard.
But what I didn’t realize is that he had actually predicted that there would be a major financial crash all the way back in 2002…
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement.
Broader U.S. stock markets are recovering from the worst 10-day start to a year on record. But Robert Kiyosaki — who made that 2016 forecast in the 2002 book “Rich Dad’s Prophecy” — says the meltdown is under way, and there’s little investors can do but buy gold or silver and hope the Federal Reserve slows the slide.
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I agree with Kiyosaki that one way that investors can shield their wealth is by getting gold and silver. In a recent article, I explained exactly why I believe that silver in particular is ridiculously undervalued right now.
Kiyosaki also believes that the coming crash could be delayed a bit if the Federal Reserve decided to embark on another round of quantitative easing. But even if that happens, Kiyosaki is absolutely convinced that eventually “it’s all going to come down”…
Kiyosaki told MarketWatch that the combination of demographics and global economic weakness makes the next crash inevitable — but the Fed could stave it off with another round of quantitative easing, which might stimulate the economy.
The Fed turned more dovish at its March meeting, with the central bank penciling in fewer interest-rate hikes this year than were previously part of its implied framework. The Fed signaled those hikes would happen more slowly than had been anticipated earlier, owing to a weak global economic environment and a volatile stock market.
“The big question [whether] we do ‘QE4,’” said Kiyosaki. “If we do, the stock market will come roaring back, but it’s not rocket science. If we stop printing money, it crashes; if we print money, it goes up. But, eventually, it’s all going to come down.”
Another voice that I have come to respect is Jim Rickards. He is not quite as apocalyptic as Kiyosaki or Dent, but without a doubt he is deeply concerned about where the global economy is headed…
Global growth is slowing both because of weakness in developed economies like Europe and Japan, and weakness in some of the emerging markets champions such as China, Brazil and Russia. The limits of monetary policy have been reached.
The evidence is now clear that negative interest rates don’t stimulate spending; they are only good for devaluation in the ongoing currency wars. World trade is shrinking; a rare phenomenon usually associated with recession or depression.
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And he is exactly right. The economic downturn that we are witnessing is truly global in scope. Brazil has plunged into an economic depression, the Italian banking system is in the process of completely melting down, and Japan has implemented negative interest rates in a desperate attempt to keep their Ponzi scheme going but it really isn’t working. In fact, Japanese industrial production just crashed by the most that we have seen since the tsunami of 2011.
Here in the United States, investors are generally feeling pretty good right now because stocks have rebounded substantially in recent weeks. However, Rickards is warning that this rebound is very temporary…
Stocks are clearly in a bubble. The stock market is ignoring the strong dollar, which in turn hurts exports and devalues overseas earnings. It is also ignoring declining corporate earnings, imminent defaults in the energy sector, and declining global growth in general.
Never mind. As long as money is cheap and leverage is plentiful, there’s no reason not to bid up stock prices, and wait for the greater fool to bid them up some more.
There is so much that we could learn from all these three men.
Sadly, just like we saw in 2008, most Americans are ignoring the warnings.
The mainstream media has conditioned the public to trust them, and right now the mainstream media is insisting that everything is going to be just fine.
So will everything be just fine as the months roll along?
We will just have to wait and see…
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FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Expect More US Voter Fraud as US Debt Problem Looms
Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: Putin, the Gulf Emirates, Iran, and Saudi Arabia Plan Death of US Dollar
Dr. Jim Willie: We’re in the Bottom of the 9th; The US Dollar is Dying (2/28)
Dr. Jim Willie: Economic Collapse is On Our Doorstep
Jim Willie: “The Quickening” is Approaching Global Economic Markets
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 Crumbling Global Economy, and the Dollar Crisis
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: “China is Bleeding It’s Secret Account. Time to Panic!”
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: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
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: 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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