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Bill Holter: Paper Currencies Approaching Their Real Value: Zero (Video)

Saturday, January 14, 2017 19:46
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(Before It's News)

After Donald Trump’s surprise presidential victory, and the stock market’s performance since that victory, many Americans are convinced that somehow decades worth of awful monetary policy will somehow be fixed during a Trump presidency. 

It’s not the fault of ordinary Americans that they don’t understand a global collapse of epic proportions is coming. It’s the fault of a corrupt and dishonest mainstream media that the American people rely on, an institution that they should be able to trust, but one that has become ridiculously politicized in recent years. 

As I’ve said in many recent posts, the mainstream media is far too interested in making up “fake news” about Donald Trump, to devote their resources to anything of importance that might actually be happening in reality…

Why is no one in the mainstream talking about what Donald Trump said back in 2014? He made it very clear back then that “Americans should be preparing for ‘Financial Ruin.’” During the time that’s elapsed since Trump made that comment, the underlying economic concerns that prompted it in the first place have only gotten exponentially worse.

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Still, the media insists on lying to the public and pushing the false narrative that the economy is improving, or that we are in a recovery of some type. The fact that equity markets are at all-time highs right now is NOT a good sign, but rather it’s indicative of the problem, but by the time people realize what’s happening, it will be like 2008 all over again, only far, far worse. Families that aren’t aren’t already broke, will be utterly wiped out financially. 

As I said in a recent post post titled, You Are Never Going to Believe What Is Sold Out in America, all the proof you need to realize how misinformed the American public is, can be evidenced by the fact that one of nation’s highest end retailers, Nordstrom’s, sold out nationally this past Christmas on one of their red hot new items: An $85 Pet Rock that comes with matching leather pants.

An $85 Pet Rock. Are you kidding? I can’t help but wonder, how many people who actually paid $85 for a pet rock already have emergency food and supplies for their loves ones for if/when the economy does crash? Thanks to lying politicians, and our corrupt media, based on the fact that the giant retailer sold out of the item nationally, plenty of families have pet rocks with leather pants in the event an emergency strikes! Whew! 

Does that sound like a nation bracing for the massive economic crisis Bill Holter, one of the world’s leading forensic economists, talks about during the interview below? Furthermore, does it sound like Americans have any idea that the current U.S. stock market is one of the most overvalued markets in U.S. history, as the article afterward from Investment Research Dynamics reports? Hardly.

It’s not too late to begin preparing, and after listening to what Bill Holter has to say about he future of the U.S. Dollar, hopefully people will begin taking the threat more seriously. 

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Investment Research Dynamics writes:

I find it to be mind-blowing when financial advisors and stock market gurus get in bubblevision or write Seeking Alpha articles and assert that the stock market is good “relative” value right now.   They are either dishonest, unethical or just stupid.  Likely a combination of all three in varying degrees.

Here’s a chart with which everyone is familiar:

Based on that graphic, it looks like the current stock market is only the third most overvalued in history, right? WRONG.

The problem comparing the current p/e ratio of the S&P 500 with that of previous stock bubble tops is that the accounting used to produce the “e” is not comparable. Over time, FASB and the SEC have colluded to make it easier for companies to hide losses and report non-cash income as GAAP cash flow and earnings..

As an example, in 2010 FASB issued a bulletin which changed the way big Wall Street banks were allowed to account for bonds and other forms of debt issued by others that are held as assets. Originally, banks had to market their bond/debt/loan holdings to market and accrue any market to market gains or losses at quarter-end as either income or expense. FASB decided to let banks classify any and all debt as “hold-to-maturity,” and allowed banks to hold this debt at face (maturity) value without ever marking to market. Any debt that was marked below maturity value (par value) could be marked up to par and moved into a “held to maturity” account. By doing this, the banks created non-cash gains in these holdings that was counted as income. Banks hold $100’s of billions in bonds/loans and, starting in 2011, this rule change allowed banks to create billions in phantom, non-cash income. This of course translates into lower p/e ratios.

There’s several areas of accounting over the years that have accomplished a similar feat for all publicly traded companies. The problem is that it has rendered p/e ratios over time incomparable. Of course, NO ONE points out this fact and certainly any Wall Street analyst would be fired if they went on a truth tirade. The bottom line is that, looking at the p/e ratio graph above, we don’t know how the current p/e ratio for the SPX compares with the p/e ratios at the market peaks in 2007 and 2000 and 1929.

What we do know is that the current p/e ratio is significantly understated relative to the p/e ratios in 2007 in 2000 because earnings are overstated relative to those years because of the accounting gimmicks that enable companies to boost GAAP non-cash earnings.  It could be that the current p/e ratio is the highest on record if we could make an “apples to apple” comparison of p/e ratios across time.  In fact, I would assert that applying standardized GAAP across time would prove that the current market is more overvalued than at any time in U.S. history.

The above analysis is an excerpt from my latest issue of the Short Seller’s Journal.  In this issue I presented two retail stock ideas for shorting.   One of them was down 3.7% today and the other was down just under 1%.   In the past couple of issues I have explained in detail why the retail sector is short opportunity right now.  But that window will close quickly as more companies do what happened to Macy’s and Kohl’s last week.    You can get more details on the SSJ and subscribe clicking on this link:   Short Seller’s Journal.

BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!

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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:

Bill Holter: Global Economic System Is Going to Resemble Caveman Times Soon

Peter Schiff: “Default or Not, U.S. Dollar Is Going to Collapse Either Way” (Video)

Jim Rickards Discusses Looming Shut Down of the Entire US Economy (Video)

Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US 

Bill Holter: Between Now and Election Will Be Extremely Dangerous (Video)

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 1

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 2

Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)

Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)

How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)

Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)

 

FOR MORE LINKS ON MARTIAL LAW:

Reports of Active U.S. Military Drilling for “Authoritarian Rule of Law” (Martial Law)

U.N. Soldier Says They Will Soon Occupy America: “Going Door-to-Door Taking Guns…” 

1,500 Pages of New Documents That Reveal U.S. Government’s Martial Law Agenda (Video) 

Mainstream Media Blasts Alternative News Personality on FEMA Camps (Videos)

Ron Paul: Undeniable Proof Martial Law Is Coming Because of the Economy (Video)

Virginia Police and Homeland Security Doing Exercises for Marital Law Conditions (Video)

Latest News on Government’s Preparing For Civil War or Martial Law (Videos)

Martial Law Convoys Sent to Baton Rouge, Dallas, and St. Paul Before Shootings (Videos)

Pentagon Approves U.N. Use Of Force Against American Civilians (Video)

What Is the U.S. Government Endlessly Preparing For (Videos)

Patriot Films Shocking New Video of a FEMA Camp Recently Discovered in Texas

Major Update to Military Movement and Actual Documentation of Their Plans (Video)

United Nations Troops on U.S. Soil Prepared to Assist With Martial Law? (Videos)

Obama Has Prepared FEMA for All Four Storms… Are You Prepared?

13 States Obama Is Using for His Nefarious Secret Agenda (Video)

Obama: Be Ready For EMP Attacks, Engineered Pandemics, Earthquakes, and Martial Law

How Likely is Martial Law in the US, and What Happens Under Martial Law 

Law Enforcement Preparing For Rioting on National Scale (Videos)

All Armed Americans To Be Detained In FEMA Camps Starting In 2017? (Video)

Beware of Martial Law: Obama Will Confiscate Firearms Of All 50 States in 2016

Army Not Prepping for Battle; Training For Riot Control and Martial Law

Pentagon Says Preparing For Huge Civil Unrest in U.S. (Videos)

Political Dissidents Homes Being Marked By FEMA Prior to Martial Law?

Government “Threat List:” 8 Million People To Be Detained Immediately

 

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  • 123’s of true Christianity (simply because you “confess” it does not mean you actually are, the devil has deceived many of his own children to believe they are Christians 2Tim 3:5)

    #1 “ONE” not triune: Isaiah 9:6. For unto us a child is born, unto us a son is given: …: and his name shall be called … the everlasting Father ….The son & father are the same person, NOT like two different persons working together even as “one flesh” ….The “oneness” between Christ and the father is not comparable to a man & his wife, for only a fool would say “When you have seen me you have seen my wife, how sayest thou then, Shew us your wife?” Notice they asked to see THE FATHER and the response was Jn 14:9 ..“HAVE I BEEN SO LONG time with you, and yet hast THOU NOT KNOW ME, Philip…..Now image some fool trying to claim that statement if you asked to see his wife!?!!? You want to see the FATHER but have I been with you but you don’t know me!?!?! https://www.scribd.com/doc/305367608/The-Trinity-Heresy

    “WHO” it was (what person) that came “IN THE FLESH”, IS THE DETERMINING FACTOR IN WHAT IT MEANS TO BE “ANT-CHRIST”! Even Islam claims Jesus was the Jewish messiah/Christ who was to come in the flesh) they all deny “WHO” it was (what person) that came (to be the Christ) in the flesh!?!…….To deny the father is to deny the son because they are one and the same person that came in the flesh! https://www.linkedin.com/pulse/part-6-anti-christ-where-everywhere-allen-daves?trk=mp-reader-card

    THE ANTI CHRIST….WHERE? WHERE?….EVERYWHERE!!! …..IT”S YOU O TRINITARIAN!

    The whole point to Gal 3:20.a mediator is NOT A MEDIATOR OF ONE, (HEIS) but GOD IS ONE. (HEIS) again, point blank, identifies the number of persons of God! The “but” points out the contrast between multiple persons in a mediation party v the “one” of God. God is not like a mediation party with multiple different persons. …..”the express image of his person” ( the person of God; singular not plural).Any attempt to lay claim otherwise is willful ignorance and delusional nonsense https://www.linkedin.com/pulse/part-1-echadechadmy-godgod-echad-allen-daves?trk=mp-reader-card

    Jn 14 continued….…………..17. Even THE SPIRIT OF TRUTH; (Jn 14:6 I AM the way, THE TRUTH,) whom the world cannot receive, .. for HE DEWLLETH WITH YOU, (present tense/standing next to them in the flesh) and SHALL BE IN YOU… (future tense “In them”) 18. I will not leave you comfortless: I WILL COME TO YOU (future tense “In them”) Note: The spirit of Christ is the sprit of God and the holy spirit that is why Christ said “I will come to you” (to comfort them, because Christ is the comforter). The spirit was standing next to them in flesh… ….latter it would come to them to be inside of them (inside of their flesh as the spirit we are given)…..that is why. he would send the spirit…… However, Jesus himself here makes the point that the same person who was the HOLY SPIRIT that would come was standing next to them but lets them know “I will come to you again to be Inside of you”

    NOTE: don’t be that one in prov 26:12 over my use of the word “fool” here prov 18:13 (https://www.scribd.com/presentation/322007258/Fools ) “But but, the gospel of John…the Gospel of John …look look…” which is quite ironic since the gospel of John does not leave ANY room for multiple different persons of Jesus and father. However the gospel of John does leave a few verses that facilitate God’s promise in 2 Thess 2:11/ Isaiah 66:4 (take note of “HAND” in verse 2,14..You just can’t make this stuff up…God is surely laughing at these fools; Ps 2:1&4)

    ……Mark 12:28…Which is the first commandment of all? 29. …Hear, O Israel; THE LORD OUR GOD IS ONE LORD: 30. And ………..this is the first commandment….. 31. And the second is…..
    JESUS IS GOD AND IS THE FULLFILMENT OF ALL THE LAW AND PROPHETS SO IF YOU CAN’T GET THIS “FIRST OF ALL COMMANDMENTS” RIGHT, ALL THE REST OF YOUR “FAITH” AND PREACHING ON SIN IS MOOT

    TRINITARIANS CONFESS JESUS /THEY ARE NOT POLYTHEIST BUT ARE MONOTHEIST LIKE A LIAR & THIEF WHO “CONFESS” THEY DO NOT LIE OR STEAL The simple fact is that just because you confess or deny that you are in an adulterous relationship and denounce all forms of adultery has nothing to do with whether or not it is in fact adulterous! .. …A rose by any other name is still just a rose AND calling it a water lily does not change the definition of what a water Lilly or a rose is either!…No, Trinitarians confess & preach literally …”ANOTHER JESUS” 2 Cor 11:4

    https://www.linkedin.com/pulse/part-2-pgs-91-101-chapter-eight-lets-talk-us-allen-daves?trk=mp-reader-card

    - Like a thief in your house caught stealing your things insisting he was not there stealing “I CONFESS I am NOT stealing”. You just do not “properly understand” what he is doing/saying. Further, since you never had a “proper understanding” of what he is doing/saying you have no business accusing him since you do not even know what you are talking about in the first place. It is with and in your own ignorance that you base your “false accusations” & “ad homonym attacks” against him…… Ridiculous of course it is ……2Thess 2:11; Titus 1:16; 2Tim 3:5;

    - A Favorite tool for pathological liars is to use incongruent definitions or create oxymorons out of synonyms such as “a person” and “a being” so as to claim that your god is THREE DIFFERENT PERSONS but ONLY ONE BEING: Which is (1) no different then trying to claim that “THREE DIFFERENT CARS” is “THE ONE VEHICLE” (2) blatant demonstration of the dishonesty & sorcery these children of hell will employ with “a strait face” (which is in part what it means to be a pathological liar)
    ……but, ah i remember how this game is played… “God is three in one” (or 1in 3 or 3in one et al) should have given you a hint, harking back to Satan in The garden…God said you will die…Satan comes along and states no you will be more WISE……today .God said He is one; but Satan’s children come along and say no three is more WISE and humble in the face of God’s grandeur only “a mystery” that can be understood “in faith”. God uses head and right arm to explain the distinctions between father and son.. However, the Trinitarian heretics say to the effect: “NO, that is just a figure of speech, or that is not what God really means. What God is really saying is that God is three different persons”. Fools, hypocrites and blind guides, God said he was One and by your traditions and vain imaginations have taken the words of God and made them of no effect, refashioning God into your image!

    You can download the complete FREE book from
    https://www.scribd.com/doc/305367608/The-Trinity-Heresy
    OR
    https://www.academia.edu/23463667/THE_TRINITY_HERESY

    http://www.scribd.com/user/249756770/Allen-Daves

    independent.academia.edu/AllenDaves

    https://www.linkedin.com/today/author/0_0wXAPxHFpV6o3_6erj3ZFe?trk=prof-sm

    #2 SECOND COMING Thou Fool! “I come quickly” so “Hold fast
    till i come”… NOT …“in another 2000 yrs I might be coming soon any time now, so hold fast”!?! …those that deny the second coming of Christ in the war of AD70 are practicing a damnable heresy in denying the lord that bought them ( 2Peter 2:1-2 ;2Tim 4:8/ you cant love an appearing you deny& the context is the 2nd coming not the first)… Mat 7:23..”I NEVER KNEW YOU” …..Mat 10:33. But whosoever shall deny me before men……..sound familiar?…. If I said I am coming to your house in this generation when these things happen but no one knows the day or hour what fool would think I might be coming in 2000 years latter!?!? ..2 Tim 4: 4. And
    they shall turn away their ears from the truth, and shall be TURNED UNTO FABLES.
    2Thess 2: 11. And for this cause God shall send them strong delusion, that they should believe a lie: 12. That they all might be damned who believed not the truth, but had pleasure in unrighteousness.

    DOWNLOAD FREE THE ENTIRE 480PG BOOK AT SEVERAL LOCATIONS
    https://www.scribd.com/doc/305366745/Revelation-the-First-Gospel-of-the-Kingdom

    or

    https://www.academia.edu/23464127/REVELATION_THE_FIRST_GOSPEL_OF_THE_KINGDOM

    #3 There is a sharp contrast between THREE groups :

    (1) “PREDESTINED DAMNED” who were NEVER written in the book of life ………..Rev 17: 8 WHOSE NAMES WERE NOT WRITTEN IN THE BOOK OF LIFE FROM THE FOUNDATION OF THE WORLD, …as contrasted …EPH 1: 4. According as he hath CHOSEN US in him BEFORE THE FOUNDATION OF THE WORLD

    (2) “MANY CALLED”= ONLY and ALL SAINTS (those who come to Christ) are written in the book of life … Philippians 4:3… ……Rev 21:27; (Only saints are Called and elect; Rom 1:6-7 et al) This is THE CHRUCH and ONLY these can have their names blotted out of the book of life ….….Heb 12:23 to the general assembly and CHURCH of the firstborn … WHICH ………are WRITTEN in heaven,

    (3) THE FEW CHOSEN: Those saints who were alive in group #2 who are now physically dead. They died “faithful” these are the FEW that were chosen faithful…….Rev 3:5. ……; and I
    will not BLOT OUT HIS NAME OUT OF THE BOOK OF LIFE, (Ps 69:28) …. These are the FEW that are CHOSEN and now that they have died and are saved then “once saved THEY CAN NEVER BE LOST”

    Predestination….its true..its all true…download here

    https://www.scribd.com/doc/306868420/Most-True-Christians-Go-to-Hell

    https://www.academia.edu/25217564/Most_True_Christains_Go_to_Hell

    • You’re full of errors and false teachings.

      (John 14:8-11 NIV) Philip said, “Lord, show us the Father and that will be enough for us.” {9} Jesus answered: “Don’t you know me, Philip, even after I have been among you such a long time? Anyone who has seen me has seen the Father. How can you say, ‘Show us the Father’? {10} Don’t you believe that I am in the Father, and that the Father is in me? The words I say to you are not just my own. Rather, it is the Father, living in me, who is doing his work. {11} Believe me when I say that I am in the Father and the Father is in me; or at least believe on the evidence of the miracles themselves.

      ALL Christians will be going to Heaven. If you’re not going to Heaven you’re not a Christian.

  • The LOVE of money is the root of all evil.

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