The Daily Walk with Love
— BUSINESS NEWS THAT MATTERS
Here is much evidence, supported by major players in the market,
facts, resources, and documentation, that we are on
the verge of economic collapse. Some 78 percent
of Americans now live paycheck to paycheck. It’s gotten so bad,
73% of Americans now die with debt… with an average
total of more than $60,000! A Jubilee is the only
thing which has been thought of which might fix it.
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March 22, 2018
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We Are In a Bad Depression Right Now
& Political Dynamite is About to Ensue
The Common People of America
DON’T Need to Adopt Any Radical Political System:
Just Vote Any Bum Who Doesn’t Support
a Full Jubilee for All Americans Out of Office!
David Stockman, Soros, Paul, Others:
At Least a 40-50 Percent Market
Correction/Crash is Inevitable,
But It Could Be Much Worse…
The Daily Walk with Love, January 8, 2018, by Paul Evans. This is partly based on Stockman, Soros, Paul, Others: At Least a 40-50 Percent Market Crash is Inevitable, The Daily Walk with Love, republished early this month, by Paul Evans. The current article here has new and updated content and new research, as well as being rewritten for clarity. If you’re concerned enough to look at this article, if you have the feeling that “something big isn’t right,” in the economic situation in the United States, you absolutely owe it to yourselves and your family to read this article. As you get into it, in depth, you may somewhat recoil with horror. Here is much evidence, supported by major players in the market, facts, resources, and documentation, that we are on the verge of economic collapse. And here is what we’ve got to do to fix it.
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If you are very rich (top ten or twenty percent), a Jubilee on debt is a prospect that makes you shudder with fear. But for 75 or 80 percent of us, it’s the ONLY thing which might save us. This is a very serious idea and should be taken seriously. It’s only now making its way around the internet news and opinion outlets, but the idea has been kicking around for a number of years, such as the article Could a Debt Jubilee Help Kickstart the American Economy?, Forbes, October 5, 2011, by Erik Kain, which cites a previous Reuters article. But the idea needs support at the grassroots level. The rich mostly don’t want it, because they (and their investments) would lose quite a lot of money. Most of our congress is to far too great an extent influenced by the wishes of the rich, so it’s up to the common man to popularize and demand a debt Jubilee. This is up to you, people. If you want to always be poor and die in debt, do nothing. Otherwise….
If you are rich, please see A New Year’s Appeal to the Illuminati Elite, The Daily Walk with Love, January 6, 2018, by Paul Evans. You may not be “Illuminati elite,” but you can help a child in danger of hunger, or could aid a couple in need of a better place to live, or America’s growing population of homeless. As they say, “it takes a village” — we all need to do our part.
The research I have found which makes me KNOW in my heart how bad things truly are and how bad they’re going to get is from Stansberry Research, a respected name. He says in his article, “MARK MY WORDS: THIS POLITICAL EVENT WILL BE UNLIKE ANYTHING WE’VE SEEN IN 50 YEARS,” which is today’s article via NewsMax and which makes total sense to me. I hope and pray Mr. Stansberry’s love of the American People will allow me to quote some big chunks of this article, but you can read the whole thing at his website here (we provide plenty of other evidence at The Daily Walk with Love, too):
…How can things be “OK” when nearly half the men ages 18-34 now live with their parents—the highest level since the Great Depression?
How can it be “normal” when in one of America’s richest cities (Seattle) there are now 400 unauthorized homeless camps under bridges and along freeway medians?
How can it be a “recovery” when 78% of the U.S. population now lives paycheck to paycheck, with essentially zero savings?
How can you explain things like the dramatic rise of the militant left-wing group ‘Antifa’… the resurgence of White Supremacists… and the booming popularity of the Democratic Socialists—they’ve doubled membership in recent months.
Sure, some people—CEOs, tech entrepreneurs, and other members of the “1%”—are doing great. There’s never been a better time for wealthy Americans. But the truth is, for most people, the situation is getting much, much worse.
So did you KNOW your prosperity was all a lie they tell you, or is this new to you? “You’ve seen it in mass shootings… the attacks on college campuses… the arguments about immigration… and the refusal of NFL players to stand for the national anthem.” These are all SYMPTOMS.
“It’s gotten so bad, 73% of Americans now die with debt… with an average total of more than $60,000!”
Mr. Stansberry then states briefly THE most important issue with the whole American econonomic system: “… the link between productivity and wages was permanently changed in the early 1970s when Nixon forever broke the link between our dollar and gold.” In short, since we went off the gold standard for our dollar, there is no longer any sort of economic link between increases in productivity and increases in wages. I really don’t know why it should necessarily be that way, but it is. It hurt the American economy in SEVERAL, VITAL ways. For example, it allowed America’s greedy investment bankers to take us trillions in debt and just print money to cover it, which had no real value because it wasn’t backed by anything except “faith” in the economic system. So if these investment people are hurt by some kind of “fix,” like a Jubilee, it’s their own damned fault.
Everyone …will be calling for a clean slate… to wipe out their debts and “reset” the financial system.
The crowds will cheer and march like never before. The violence will escalate. Our politicians will promise this reset of the financial system as a way to a “new and better prosperity.”
And while it might sound like good news to those who have gotten in over their head—what will really happen is a national nightmare.
“A Jubilee — (an Old Testament conception) which wipes the slate clean for millions of the most indebted Americans and “resets” the financial system—is inevitable.”
“They’ll pass an “Act” like they did in 1841… or invoke an Executive Order as was done in 1933 (Executive Order #6102)… or simply issue a mandate to the Secretary of the Treasury (which they did in 1971).
For the wealthy and for business, Stansberry says, a Jubilee is a BIG problem. You can expect them to strongly fight this:
Millions of investors, pensioners, insurance customers, and creditors will lose a fortune.
Stocks will collapse. Dozens of companies will go bankrupt.
But the average American, three-quarters of us, will be much, much better off, so it will probably happen. I feel that when it does, it is vital to America’s future that we offer a revamped currency A CURRENCY BACKED BY GOLD.
The Business News You Need:
Here’s Why a Jubilee seems necessary to our leaders: The situation, considered in many ways, seems much worse than it was in 2007-2008 and is really more reminiscent of 1999 or even 1929. However, there may be too much at stake, globally, to really “allow this to happen” (to allow a market collapse and economic depression), on the part of the Illuminati elite, if it can possibly be avoided. In other words, at this time, no one wants a depression or a deep recession, not the Illuminati elite, not even Russia and China, so that it will be avoided if at all possible. Perhaps what is coming might be only a mild correction or slight recession. However the evidence pointing to (possibly quite sudden) correction is strong, and as you will read below, the situation is scary. This article itself should be thought of as a blog in format with the newest material at the top. This is a long article, but it is buttressed with a lot of facts, references, links and major players in the market’s opinions, and we feel you would be well-served to read it. This is the business news you REALLY need to know: the Truth.
The Daily Walk with Love needs your charitable help. I am the owner here, Paul, there is no other owner, and I must live on a minimum disability while I try to run this website. It has not been at all easy. Because we host a lot of videos here, our hosting (with GoDaddy’s server computers) is at an elevated level. Therefore, hosting costs me about $120 per six months and in my current situation I simply cannot come up with that on my own. Any kind soul liking any of my content and wanting to help me should first send an email to Paul Evans, email@example.com. Thank you and God Bless you all: Happy New Year everyone!!!
Also see Paul Evans: Who I Am & What I Stand For, The Daily Walk with Love, December 24, 2017, by Paul Evans.
Business News – Inequality
MUST READ — Inequality and The American Dream (Updated), The Daily Walk with Love, November 17, 2017, by Paul Evans, where I state that inequality is the single most deadly problem facing American society, that is, facing the economic futures of both the poor AND the rich. A society where 50 to 75 percent of the people live paycheck to paycheck has to in some ways be sick, for example, it is the cause of the opioid epidemic and overburdened prisons, but, more than that, as MLK said, “injustice anywhere is a threat to justice everywhere.” An an economy based on the luxury purchasing power of the top ten percent cannot be healthy, nor a society which furthers this. In this article I quoted Scientific American: “…The top 20% of US households own more than 84% of the wealth, and the bottom 40% combine for a paltry 0.3% (you read that right). The Walton family, for example, has more wealth than 42% of American families combined.” According to Atlantic, “In the 1980s, the top 1 percent of adults earned 27 times more than the bottom 50 percent. Now, they earn 81 times more.” This is beyond greed, this is purely evil. A society which allows (or legislates) this is sick in several ways. If the bottom 20 to 40 percent of Americans live lives of economic deprivation and suffering, this affects the rich in many ways, not the least of which is psychologically. One cannot live purely in isolation, or simply enforce such disparity with a police state, forever. We are our brothers keeper, and if we neglect this, we hurt ourselves, too. For most Americans living in poverty, the American Dream has become a grotesque joke. But (interestingly) not in Salt Lake City, Utah. Their upward mobility proves that “the Dream” need not be over and that inequality could be fixed. Read the article to find out more.
See Why Big Deficits, Inequality, “Trickle Down,” Greed & Hypercapitalism are Leading Us Into Economic Collapse, The Daily Walk with Love, October 29, 2017, by Paul Evans.
BUSINESS NEWS — SUMMARY OF THE DANGER:
PREVIOUS CONCLUSIONS: There is now, unbelievably, some $552 Trillion in (risky, ill-conceived, and essentially “un-leveraged”) derivative investments, CDL’s and what should be considered to be junk bonds…these are backed by very little equity. Since the removal of the restraint of Glass-Steagall (which had separated savings and investment banks) by Larry Summers and Bill Clinton during his Presidency, things have advanced to the point to where there is now only one-quarter to one-half of a cent in savings backing every dollar in circulation. Keeping savings banking and investment banking separate is vital to the health of the system, and we grossly violated that. The bond market appears to be in a super bubble, too. The petrodollar is on borrowed time (solar will eventually eclipse it — the Saudis invested $109 billion, in just one day, in a new and advanced form of solar energy using quartz sand, which is already in production). And our dollar is perhaps 50 percent overvalued and will not survive in its current form. Global forces are ending the United States’ ability to continue to borrow, and there cannot really be the stimulus Wall Street is counting on without putting us much further in debt and pushing the limits of the bubble we are in. Have you heard of an organization with the acronym SCO? You will. The Shanghai Cooperative Organization of some 40 nations, led by Russia, China and Iran, is set to sink the dollar. Ultimately, we may have to face a global depression and a replacement of the dollar by a global currency backed by gold.
Business News: Reasons to Think
Our Economy is on the Verge of Collapse
NEW: Don’t believe me? Not a word of it? What about Warren Buffet, do you believe him?? He’s only the second-wealthiest person in the world, worth over $74.0 billion. See Warren Buffett Indicator Predicts Stock Market Crash in 2017, Lombardi Letters, August 1, 2017, by John Whitefoot. Well, it doesn’t look like a crash will happen this year. Are we just putting off the inevitable by yet another stimulus, which again primarily benefits the rich?
Follow Zero Hedge’s page titled Market Crash, which continuously adds new and authoritative content you can’t afford to miss.
NEW: See ‘Wall Street has gone completely mad’ — One market bear forecasts a decade of stock losses, Business Insider, November 12, 2017, by Joe Ciolli: “John Hussman, the president of the Hussman Investment Trust and a former economics professor, thinks that the investment community is unwisely ignoring the most stretched valuations in history on the heels of a nearly 300% bull market run. Ever the outspoken bear, Hussman, says investors are being willfully ignorant, which has stocks at risk of a drop that could reach 63% and send the market spiraling into a full decade of negative returns.”
NEW: See A bitcoin crash, a burst housing bubble — giant bank sees 30 risks to markets for 2018, Market Watch, January 2, 2018, by Victor Reklaitis. Reklaitis, citing Deutsche Bank, mentions a bitcoin crash and housing bubbles around the world as potential market threats going into 2018.
Watch Dent Researches SAFE ASSET SLAUGHTER from a man who has predicted every major boom and bust over the last 50 years. Dent claims that in five months gold will collapse down to $700 an ounce.
See JIM ROGERS: The worst crash in our lifetime is coming, Business Insider, June 9, 2017, by Jacqui Frank and Kara Chin — Rogers: “It’s going to be the worst in your lifetime.”
OK, so now the DOW is above 25,000 and “everyone” is talking business expansion, better proofits, etc. But the emperor has no clothes, and there are the rare, almost hidden articles pointing at a grave danger like Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis, Market Oracle, November 30, 2017, by John Mauldin. I think Mauldin might have the truth and Wall Street is living in a fantasy world. And the truth might hit sooner rather than later, in a global depression which might be worse than the Great Depression of the 1930s. Unless we do something like a Jubilee.
NEW: The video immediately to the right and below is History shows the stock markets may be on track to crash soon, Fox Business on YouTube, November 10, 2017 — 9:07, and read the Fox Business article on this here.
NEW: See This Is What A Pre-Crash Market Looks Like, Zero Hedge, November 13, 2017, by Tyler Durden.
NEW: See This $29 Billion Market Is on the Verge of Exploding to $7.2 Trillion, Money Morning, November 1, 2017, by Money Morning News Team:
One of the best measures of stock market valuations is the Shiller P/E ratio, or CAPE ratio. Right now, it’s at 31.8, 89.3% higher than its historical average.
The only other times the Shiller P/E ratio has risen higher than it is today came in 1929 and 1999. The stock market crashed both times.
Also watch 2018 U S Economic Collapse will be Massive: Berwick, Cambridge House on YouTube, October 20, 2018 — 10:05.
See The stock market is 70% overvalued … crash now inevitable, David Icke.com, September 28, 2017, by David Icke:
By not facing up to the crying need for a market correction and a milder recession, the elite are just going to make the ensuing collapse worse. Donald Trump should have faced up to this early in his term, when the economic blame could have been more readily directed at Clinton, Bush and Obama (where it mostly belongs). From every patriotic consideration, you NEED an interest rate (discount rate) hike by the Fed and a 30 percent market correction, though likely it will be at least 40 percent. If there is no market correction there may be a sudden and (mostly) unexpected collapse. And they will blame this on Donald Trump when it is not at ALL his fault. The situation is far worse than in 2007-2008. The markets and the dollar are very overvalued, some are saying over 50% overvalued some up to 80 percent overvalued, or worse. I am saying as a patriot that we NEED a recession ASAP or else the world might face economic collapse. As Deutsche Bank and perhaps CITI Bank or others approach catastrophic collapse, $trillions in debt exposure would burn through European banks like a raging firestorm and economic collapse will spread around the world. It could be CITI bank here just as well as Deutsche Bank or any of a few others. The point is half a $trillion or at least half a $trillion in bogus derivatives debt, and a “super-bubble” in the bonds markets, as well as global economic forces in league against the dollar. I would just echo Joel Osteen at the point and say, “what God has promised He will bring to pass.” Do you remember in the Old Testament where it says, “Oh thou that dwell on many waters, rich in treasure, wide in fame, bow unto a god of gold, thy pride of might shall be thy shame.” This pretty obviously refers to the U.S. today, and Ron Paul and others have been warning us for years.
See A Stock Market Crash In 2018, Investing Haven, “2 Months Ago,” by Taki Tsaklanos.
The video immediately below is Ron Paul Doubles Down on Bearish Stock Market Call, YouTube, October 27, 2017 — 7:21.
Paul Evans: One way to measure the current danger is to look at the risk involved in investing today. The only other two times in history that stocks were as risky as investments as they are today were in 1929 and 1999. In those cases the market fell by 88 percent and 50 percent, respectively. You really have to expect something quite similar, quite soon. The real problem, unspoken and unaddressed by either George W. Bush or Barack Obama, is that it is not even the unconstitutional Fed which runs this economy, but Goldman Sachs and the investment banks, and above them, a few people in a very elite Illuminati group, who do not seem to care about the common man at all. And we’ve been heading into this death spiral from the minute Larry Summers and Bill Clinton removed Glass-Steagall, which had separated savings banks from investment banks. Now they’ve raided all of our savings accounts and there’s precious little left. Supposedly now there is only one-quarter to half a cent left in savings accounts backing each dollar in circulation. The real problem is the overweening greed of the investment banks and how they’ve essentially ruined the free world’s economy with their program trading, derivatives and hedge funds, ALL OF WHICH SHOULD BE ILLEGAL. But never mind that, read below and then protect yourself as you are able.
NEW: See Ron Paul Doubles Down on Bearish Stock Market Call, IWB, October 27, 2017, by IWB:
Ron Paul sees a lot of pain in store for Wall Street. The former congressman and now a chief ambassador to Goldco sees as much as a 50 percent correction in store for equities. “A 50 percent pullback is possible,” Paul said, doubling down on his original June forecast of a 25% correction. If correct, his forecast would cut the S&P 500 Index in half to around 1280, or the Dow Jones Industrial Average to about 11,700.
NEW: See A Storm That May Cause the Next Stock Market Crash Is Brewing — Even at Dow 23K, The Street, October 23, 2017, by Kinsey Grant.
NEW: See Meet the bears predicting stock market doom, CNN Money, October 19, 2017, by Matt Egan.
NEW: See A Stock Market Crash Can Happen in a Few Seconds. Are We Prepared?, Fortune, September 27, 2017, by Scott Nations.
See David Stockman: Financial Collapse ‘Between August And November’, EconMatters, August 17, 2017, by Michael Snyder:
Well, like other doom-sayers, Stockman certainly got the timing wrong. In the article, Snyder said, “Like other analysts, Stockman believes that the U.S. economy is in dire shape, and he told Greg Hunter during a recent interview that he is convinced that the S&P 500 could soon crash “by 40% or even more”…
The market is pricing itself for perfection for all of eternity. This is crazy. . . . I think the market could easily drop to 1,600 or 1,300. It could drop by 40% or even more once the fantasy ends. When the government shows its true colors, that it’s headed for a fiscal blood bath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all. I mean it’s not going to happen. They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade. It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.
“But even more alarming is what Stockman had to say about the potential timing of such a financial crash. According to Stockman, if he were to pick a time for the next major stock market plunge he would ‘target sometime between August and November.’…”
Just look at Tesla. This is a company that somehow managed to lose 620 million dollars during the first quarter of 2017, and it has been consistently losing hundreds of millions of dollars quarter after quarter.
And yet somehow the market values Tesla at a staggering 48 billion dollars.
It is almost as if we are living in an “opposite world” where the more money you lose the more valuable investors think that you are. Companies like Tesla, Netflix and Twitter are burning through gigantic mountains of investor cash without ever making a profit, and nobody seems to care.
The point is that we CANNOT continue to borrow and print money, and that as we do, the foundations of our economy are rooted less and less firmly. With the Shanghai cooperative of some 40 nations planning to go off the dollar as reserve currency and China’s yuan readily available as a substitute global reserve currency, the day of reckoning may be swiftly approaching (a really terrible, global depression).
So you can see that not one, but several “major” market players are calling either for a really big correction or a huge crash. See Buffett’s $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist, Keith Fitz-Gerald’s Total Wealth, no date or author:
According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”…
…Previously, Soros allocated 3% of his portfolio to shorting the S&P. It’s a common practice major investors use to insure their positions against unforeseen pullbacks.
But he just increased his short position on the S&P 500 over 5X fold, taking it to 16% of his entire portfolio.
That is an alarming sign that Soros is betting on a market collapse.
See Central banks raise alarm over new crash after steep rise in lending, The Guardian, June 25, 2017, by Phillip Inman: “Bankers warn that high-risk borrowers pose danger to stability of global financial markets.” Moreover Donald Trump is NOT instituting austerity. Obama’s last budget had a deficit of $585 billion while Trump’s proposed budget would drive us $715 billion further negative. The tax reform plan will put us further in debt. And the tax reform plan just increases the dichotomy between the haves and have nots, it makes things worse, in other words. Our ability to borrow IS somewhat mathematically tied to the use of the dollar as the global reserve currency, the currency for trade. That is what the “global currency wars” were all about. But with this “Shanghai cooperative” of 40 nations, some large and powerful, going over to the yuan, America’s days of endless and depthless borrowing, one way or another, are coming to an end. See The Stock Market Is Overvalued Based On This, Seeking Alpha, October 2, 2017, no author.
If we compare the Dow Jones Index to the price of oil, we can see how much the market has to fall to get back to a more realistic valuation. For example, if the Dow Jones Index were to decline to the same ratio to oil back to its low in early 2009, it would need to lose 14,500 points or 65% of its value.
Some very serious people are speaking in even more dire terms. See JIM ROGERS: The worst crash in our lifetime is coming, Business Insider, June 9, 2017, by Jacqui Frank and Kara Chin: “Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of ‘The Bottom Line.’ Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime.”
See CIA insider Jim Rickard’s Dollar reboot planned by Trump based on gold at $10,000 an ounce, which is very compelling and may offer the only hope for America to keep it’s current status as the or even “a” primary global reserve currency. If I read only two articles on this page I’d read these two by Rickards, who really knows his stuff.
Some videos here are videos such as JIM ROGERS says Get Prepared, Imminent Collapse Going To Be Worse Than 2008, YouTube — 4:32. The top included video is Ron Paul: The Collapse Is Closer Than Ever, The Alex Jones Channel on YouTube, May 3, 2017 — 21:10. Another included video is Gold Cartel Freaking Out, Deutsche Bank Collapse Ahead Andy Hoffman, Ferre Report on YouTube, October 7, 2016 — 17:07. One could dismiss any one of all these articles/sources, but all of them? Some of these are undoubtedly Russian propaganda, but by no means all of them, and this warning is real. I truly feel some sort of economic disaster may be looming and sooner rather than later.
See Wall Street smart money betting on market crash, Personal Liberty, August 25, 2017, by Sam Rolley. This is a highly informative article viewers are urged to read.
See Ron Paul: 50% stock market plunge ‘conceivable,’ but it’s not President Trump’s fault, CNBC, August 20, 2017, by Stephanie Landsman.
See Mike “Mish” Shedlock – The Everything Bubble – Lots of Triggers Could Tank Global Financial System, Investment Watch, August 9, 2017, by IWB.
Even MarketWatch is calling for a correction: See Opinion: A short-term correction looms in the U.S. stock market, Market Watch – Opinion, July 31, 2017, by Lawrence G. McMillan.
See New Global Currency Could CRUSH The Dollar for Good, U.S. GoldXchange.com, no date or author: Your ENTIRE life savings could be worth nothing… Donald Trump says the dollar is “going down.”
See The Perfect Crash Indicator Is Flashing Red, DollarCollapse.com, July 30, 2017, anonymous.
Also see Fed says unwind of its $4.5 trillion balance sheet will start ‘relatively soon’, Business Insider, July 26, 2017, by Akin Oyedele. So how will the markets react, and how will the dollar look in one weeks’s time. Apparently the Fed is moving to remove “recession era support systems,” come what may. Keeping the interest rate level only serves the market, it does not begin to fix the underlying problems. Which won’t go away without a market correction, such as might be fixed by a rate hike. This just looks like the Fed serving the Market.
See Market correction coming soon?, Fox Business News, March 8, 2017 – 2:30. One of my favorite business sites, Investment Watch Blog, today led with Stocks Grind Toward Peak, But Indications Are A Panic Is Due, from July 23, 2017, by IWB. Read on….
See Investors clueless about impact of possible market correction, CNBC, May 27, 2017, by Leslie Kramer:
“If you look at the market historically, we have had, on average, a crash about every eight to 10 years, and essentially the average loss is about 42 percent,” said Kendrick Wakeman, CEO of financial technology and investment analytics firm FinMason.
It’s the real MISERY INDEX, not the fake one in the government statistics. This is the best known predictor of the economic future and its worse than in 1929. If you rich ones do not make the poor’s life easier in the United States, you are going to suffer a depression MUCH WORSE than the Great Depression. Count on it. GOD IS NOT MOCKED. God loves the poor and hates injustice. Is that not clear? It will be. I have been blogging updated versions of this same article for about a year now, even now with the equivocations in this one. You rich ones aren’t listening, and it may be too late for you to do anything anyway: but the real Misery Index is mathematically tied to our economic future and you folks STILL don’t get it, do you? The Misery Index (the honest one, NOT the government figures) points to an economic future worse than the Great Depression. The ONLY way to fix this is to lower the Misery Index.
You see, because of the “Shanghai cooperative” and 40 nations going off the dollar as the trade currency, we CANNOT borrow as we have been and a period of austerity is totally called for. But Donald Trump doesn’t want to take the blame for the recession that we HAVE TO have to ameliorate the overpriced stocks and dollar currency. Make no mistake, a recessing IS coming. We have to “come down to economic reality.” It CAN’T be global currency wars and full American exceptionalism. America First is the only chance America has. See Bill Gross Warns of Recession Risk if Highly Levered Economies Hike Rates, NewsMax, July 20, 2017. To keep the consumer-driven economy working at ALL, the FED MUST raise interest rates, and even the Royal Bank of Scotland website was calling for a 30 percent market correction, about a year ago. IF the market letdown and recession is managed well, it might stop there, if not….
NEW: See Bank Of England Warns “Bigger Systemic Risk” Now Than 2008, Investment Watch, July 17, 2017, by GoldCore.
See Recession is Coming, Wealth Daily, July 3, 2017, by Briton Ryle.
See U.S. Economy Collapse: What Will Happen, How to Prepare, The Balance, April 4, 2017, by Kimberly Amadeo: “Your Survival Guide to an Economic Collapse”
See What if China, Russia Succeed in Going off the Dollar? — Alasdair Macleod, Sprott Global.com, August 21, 2014, by Henry Bonner. Paul: currently there are said to be about 40 different nations about to go off the dollar as their main trade currency. You cannot have a currency war with 40 nations, some of whom are large and powerful. The best estimate has the U.S. dollar and stock market somewhere in the neighborhood of 50 to 80 percent over-valued. The whole purpose, in terms of globalists’ ambitions, of the global currency wars was to facilitate the New World Order. This has obviously failed and backfired:
There is a thing called the Shanghai Cooperation Organization, an agreement principally between China and Russia, whereby they tie up the whole of Asia as their backyard. Other members are the countries north (sic south and west) of Tibet, Tajikistan, Kyrgyzstan, Uzbekistan, and so on. In or soon after September, four new members will join – India, Pakistan, Iran, and Mongolia. That’s almost half the world’s population. The objective of the SCO is basically to settle international trades between these countries without using the dollar. I’m not saying they will necessarily achieve that, but that’s what they want to do. They don’t want to see trade settlements reflected in bank accounts in New York.
“It’s not just members of the SCO, either, that could eschew the dollar. The Middle East, for example, now principally sends exports to China and India, so there’s no pressing reason to use the dollar there.
NEW: See U.S. Economy Collapse: What Will Happen, How to Prepare, The Balance, April 4, 2017, by Kimberly Adadeo: “If a U.S. economic collapse occurs, it will happen quickly. No one will predict it. That’s because the signs of imminent collapse are difficult to see.”
For example, the U.S. economy almost collapsed on September 17, 2008. That’s the day panicked investors withdrew a record $140 billion from money market accounts, which is where businesses keep cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted.
Paul: I hope what emerges is a mixed economy like China’s … as Deng Xiao Peng (who overthrew the aged Mao and brought capitalism to modern China) said, I don’t care if a cat is black or white, so long as it catches mice. And China is growing at 7 percent a year, 8 percent in the tech sector.
NEW: See ALERT: China’s Government Is Now Worried About Global Economic Collapse, King World News, April 29, 2017, by Stephen Leeb: What the Chinese government said:
“Since China has entered the critical period of economic transformation, it is time to raise financial security and demonstrate a better understanding of the interplay between finance and the real economy. If the 1997 Asian financial crisis and the 2008 subprime mortgage crisis are anything to go by, then the next cataclysm will come as a result of inadequate risk prevention, swiftly followed by universal economic collapse and resultant woes.”
Paul: I think the point is that stocks (and the dollar) are consistently seen to be over-valued by some 50 to 80 percent, and that not one but MANY sources see a big crash in the immediate future. And with only one-quarter to one-half cent left in savings backing every dollar in circulation, I understand exactly what China means. Meanwhile the DOW keeps routinely and blithely setting new records, but don’t say you weren’t warned!
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There are strong signs, that United States’ currency and stock market are going to come crashing down sometime this year (2018) or next. Momentous changes all around the world, particularly the IMF designated “global reserve currency,” bank debts and obligations, their lack of leveraging equity, and the Fed’s interest rates, are about to bring us down. It can be shown that both our currency and the stock market are 50 to 80 percent over-valued, probably closer to the latter figure. It look like the collapse’s trigger might just be Deutsche Bank, which is the largest bank in Germany and which handles most big money in Europe. The derivatives portfolio of Deutsche bank is about $47 Trillion (WSJ), with a tremendous burden of debt. Moreover Natural News reports that “Deutsche Bank owns $25 trillion in OTC swaps with the Central banks and other major banks.” Deutsche Bank also owes the United States government $14 Billion from the last crisis, and the U.S. recently demanded payment. There were negotiations over this but these have at this point broken down, at least temporarily. The German government is refusing to bail them out, and they will likely get an offered limited, corporate bailout, but it will not be enough. The collapse of Deutsche Bank would collapse the European banking system, and ripple through the world’s economies like a house of cards collapsing. CITI bank is said to be in similar trouble:
The U.S. economy is in grave trouble even without the Deutsche Bank crisis. With China’s yuan named as a co-equal global reserve currency by the IMF, soon it will be impossible for the U.S. to continue to borrow (and go deeper in debt), because the global use of our currency served as the basis on which our national borrowing depended. The Fed met December 15-16, when it raised interest rates one-quarter of a point, but the Market scarcely blinked. The government soon will not be able to meet its obligations as a result of all this, putting the U.S. in default. They act like it will just go on and on this time, that the bubble will not burst, could this be right?
SUPPORT PRESIDENT TRUMP
I call on all Christians to support the President “in the breech.” In fact, the FEMA camps which the political right is so paranoid about, I believe in my heart are there not for any nefarious purpose, but because we have known this crisis was coming for at least two years. If it gets so bad that the United States government cannot meet it’s obligations, those FEMA camps are there to feed, clothe and house Americans as a last resort. The “coffin liners” outside of the FEMA camps must be there in case of some major pestilence. I have full confidence that, however much I may disagree with some of his policies, President Trump is at heart a decent and a Christian man. Obama didn’t primarily get us into this economic mess, that is mainly Bill Clinton’s and George W. Bush’s, but also Obama’s fault (or, more directly, the fault of the 13 ruling families and their rapacious greed). As ye sow, so shall ye reap. There is no reason to disregard these facts, or to slide into some kind of ethnic or racial hatred. May God abundantly Bless the United States of America. Amen. ~ Paul
For inspiration, watch U2 — Silver and Gold, Rattle and Hum version on YouTube — 6:28.
See Jim Willie: If Deutsche Bank Goes Under It Will be Lehman TIMES FIVE!, SilverDoctors, October 3, 2016, by “The Doc.”
Natural News reports in Health Ranger issues international financial alert as Deutche Bank approaches catastrophic collapse… Trillions in debt exposure will burn through European banks like a raging firestorm, September 28, 2016, by Mike Adams:
…Deutche Bank has vastly expanded its leveraged debt to the point of fiscal lunacy. Now, as Market-Ticker.org explains, the derivates debt exposure from Deutche Bank is greater than all the assets in the entire nation of Germany:
If you think Germany can bail out Deutsche Bank you’re delusional. Their total derivative exposure grossly exceeds the entire net value of everything in Germany! Not just the government’s resources, all private resources as well! In other words even if the government wanted to bail them out, even if they’d survive bailing them out politically they can’t, even if they attempted to confiscate everything of value within the nation.
Should Deutsche Bank collapse, the debt exposure from other banks that have purchased debt instruments from Deutsche will be catastrophic… and the collapse will ripple through the banking system like a raging firestorm burning through deadwood. Watch the amazing film “The Big Short” to get a TINY taste of what’s to come… (the derivatives debt collapse will absolutely dwarf the subprime mortgage collapse.)
…My best German source informs me that 3 major banks are in trouble, and these 3 banks are fighting every single night to fight off insolvency and failure. He says CitiGroup in New York, Barclays in London, and Deutsche Bank in Germany- every single night are in trouble… In conclusion, Deutsche Bank owns $25 trillion in OTC swaps with the Central banks and other major banks, so expect a daisy chain of derivative failures for the $1.6 quadrillion derivative market if it were to fail! Deutsche Bank cannot break down by itself. It would result in the complete breakdown of the European Monetary Union!”
…Once the next global debt collapse begins cascading throughout the international banking system, many private checking and savings accounts will be wiped out. [PE: this is now known as a “bail-in, as opposed to a government “bail out.”] Many investment accounts will be destroyed as banks go under and try to “bail in” by confiscating customer money on the way down.]
NEW: See Understanding Deutsche Bank’s $47 Trillion Derivatives Book, The Wall Street Journal, October 5, 2016, by Mike Bird: you have to understand that The Wall Street Journal is the ultimate establishment business news source (so it would never take an alarmist view, officially). Even they note that the fact that many of Deutsche Bank’s so-called assets are “hard to value,” and that this is part of what is stoking investor concerns.
As I have repeatedly urged Natural News for the last eight years, you need to convert your fiat currency “money” into things of REAL value.
Physical gold and silver, farm land, EMP-proof tractors, firearms, ammunition, medical supplies, first aid kits, storable food supplies, quality hand tools, garden seeds, water filters, livestock (like backyard chickens), diesel fuel, etc. Download my complete list of suggested survival supplies with The Coming Collapse survival report.
Maybe it is the housing bubble which will trigger financial disaster, perhaps it will be the removal of the U.S. dollar as sole reserve currency (by the IMF, today), or maybe it will happen in when the Fed is more or less forced to raise interest rates, or lose any credibility it has around the world. So far it’s greedy masters have not let the Fed do this. See Fed Leaves Rate Unchained: Signals December Hike, The Daily Walk with Miracles, September 22, 2016, by Paul Evans, where I have a very scary excerpt from The Sovereign Investor:
See Are Stocks 80% Overvalued? New Evidence Shocks Wall Street, The Sovereign Investor, September 15, 2016, by JL Yastine:
“U.S. stocks are now about 80% overvalued, says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal [Bank] of Scotland, [which you may take as conservative economic gospel], says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
See Steps to The Global Economic Reset & U.S. Dollar Collapse, Global Currency Reset, March 15, 2014, which is a YouTube video. Ron Paul claims that no major economic power suvived for a long time as such which did not base it’s currency on gold. It has been primarily corporate control over most of the economy which is the sole reason that the United States didn’t go over to a gold backed currency a hundred years ago, when for example William Jennings Bryan (1860-1925, Wikipedia link) was a nominee for President. (Bryan was a populist Democrat who ran for President three times and backed a silver-based currency as better for the common man). However, it is even claimed by conspiracy theorists that Lincoln’s assassintion was because he stood against corporate control of the U.S. It has been realized that eventually we should change over to a gold-or-silver backed currency, and also stand up for what’s right, not just what is profitable, for that long! Yet there was never much chance for it so long as the banks and big corporations were “calling the shots.” For more information read Wikipedia’s History of the United States dollar. And the main reason simply was that such a currency might interfere with big corporate control and profits.
All the global currency wars and the huge global push for world domination (the “New World Order” George H.W. Bush set in strong motion) and all those (basically bogus) derivative investments accomplished is to make the “end” for our status as the world’s main super-power and the consequences of the dollar collapse in the United States worse. It became just a postponement of the inevitable. Shamefully, the many of the very rich have known this for well over a year (almost two years now) and have been buying up private stocks of gold so that they will not suffer when the economy utterly collapses. I will just note that in 1932, private stocks of gold were actually confiscated by the government in return for a fraction of their worth. We may well need to resort to that, it might ease the sufferring of “ordinary” Americans (which is going to short-term be even worse), and it will be bad. Donald Trump is not to belame for what is going to happen.
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Yes, on the one hand, the United States still accounts for some 22 percent of the world’s trade, but the Euro and Yuan (China) are muscling in, China’s GDP has actually surpassed ours, and we have already held our status as the global reserve currency for 94 years, which is historically about as long as any nation has. If nothing else, all over the world, nations have pulled out all the stops on producing oil and the devaluation of petroleum and oil stocks might pull the stock market down, by itself. Once the dollar loses status as the sole “global reserve currency,” perhaps starting today (with the co-equality now of the Yuan), the United States will be basically be unable to just print money or go deeper in debt, to prop up a basically unsound economy which is already so far in debt. Many off the U.S. “enemies” such as Bush’s “Axis of evil,” in fact, were nations which had just before stopped using the dollar as their national currency, in terms of overseas trade and national-level dealings. So we actually went to war with them over it, essentially. The use of the dollar as reserve currency around the world has formed the basis by which we borrowed so much money, of course basically just digging our own “grave” deeper. The dollar may well soon, very quickly, totally collapse, along with the stock market, and you will see economic and social chaos. Logically it is something that is pretty certain sometime this year. There is a new, global currency, already proposed by the International Monetary Fund (IMF) which is to be based mainly on gold, it is said. In other words, the biggest coalition of economic planners in the world is already quite certain this will happen to the United States. We tried to push the “New World Order” agenda all over the world, when we should have looked after our own and made our own nation strong again. This is essentially the position Donald Trump takes with his slogan, “America First.” However, I see economic collapse as probable before he leaves office. I just hope and pray then that he “does the right thing.”
The Undeniable Truth:
Our Economy is Badly Unsound
and Will Soon Collapse
All the economic planners in the United States seem to know how to do is print a whole lot more money, engage in our fanatical currency wars, go deepeer into debt and do the whole “bubble economy” routine. But this is a much worse situation than we’ve seen since 1929.
The evidence suggests stock markets are over-valued by 50 to 75, or perhaps even 80 percent, as is the U.S. currency. This is a LOT worse situation than a 20-30 percent “market correction,” as the Russia Today video, below, and multi-millionaire Jim Rogers, (who recently gave up on us and relocated his family to Singapore), relate. It will almost definitely be worse than in 2007-08. This is also much worse than a simple situation of “market psychology.” One way or another (housing bubble, the derivative/junk bond catastrophe, or oil devaluation, the growth of several national economies around the world, or all of these factors), we are ALL going to suffer big time because of you rich folks and your insatiable greed. And just as the “liar’s loans” on houses got us in huge trouble in 2007-2008, they have in recent years been doing that with car sales, and that is going to cause a huge problem. Junk bonds, CDL’s and derivatives are NOT going to save the situation, and just printing more money and going still deeper in debt will not be possible. Sad but factually undeniable.
Watch [WARNING] RON PAUl : Economic Collapse & Financial Market Crash 2016 (JULY 2016 Pls Share), YouTube — 20:23. Ron Paul has always claimed that no major society or nation which did not base its currency on gold has ever prospered or even survived, long term.
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