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February 11, 2016
The Daily Walk with Miracles
The Best Free Music Blog
*New Age *Truthful* Christian *Nonpartisan* Independent*
Rock On, In Love!
Stock Market Crash
One Hugely Over-leveraged Bank Failing
to the Tune of $44 Trillion
* Chronicling the Crash, with Latest Business News *
Wall Street Pros, and Ron Paul
Send Out New Warnings
Buy Food, Water & Liquid Assets
Sell Your Energy Stocks!
The Daily Walk with Miracles, updated February 6, 2016, by Paul Evans. All videos courtesy of YouTube. Here is the evidence. There is strong evidence that we are at the very least headed into another recession very quickly, as today’s news makes clear to any objective person.
Today’s news: See JPMorgan: This Morning We’re Seeing the Two Things That Markets Hate the Most, Bloomberg, February 11, 2016, by Luke Kawa:
Equities tumbling. Gold and silver gaining. Oil plummeting.
“It’s hard to imagine an uglier morning,” writes JPMorgan’s trading desk.
New: See Gerald Celente – “Economic “Death Spiral”: The Panic Is On!”, Before It’s News, February 10, 2016, no author:
“A lackluster US jobs report is released, Citi Group says “the world economy is trapped in a death spiral” & since the ECB’s Mario Draghi attended the Davos meeting on January 21st, 2016 Gold has gone up $74 an ounce”.
NEW: See Asia rout continues after FTSE sinks to lowest level since 2012 – as it happened on Tuesday February 9, The Telegraph on Yahoo Finance, late February 9, 2016, by Chris Graham.
THIS is what the Christian community has been waiting to find out: See Ron Paul Warns of Dollar Collapse 100% On 19 Feb 2016, Before It’s News, December 20, 2015, by Mike Patton.
NEW: See Global Economic Meltdown, The Celestial Convergence, February 5, 2016: “Precursors To A Global Financial Collapse – Citi Strategists Warn “WORLD ECONOMY SEEMS TRAPPED IN DEATH SPIRAL”; Nasdaq Shed 3% Amid Massive Tech Sell-Off; EU Stocks End Lower After Weak U.S. Jobs Number; Asia Ends Mixed, Nikkei Ends Off 5.9%; And Oil Falls In Volatile Trade!”
See BILL BONNER: It may be 2042 before we recover the losses from the coming stock market crash, Business Insider, January 30, 2016, by Bill Bonner, Bonner and Partners: ““Should I stay in the stock market? After all, staying in the stock market always seems to pay off over the long term. Or should I move to gold and cash? We have been telling people there is ‘no shame in staying in cash’ until the market finds a bottom.”
Paul Evans: The concensus is the the stock market is 50-80% overvalued. And the currency maybe 80 percent overvalued. It does no good to simply remove your money from your bank. You have to convert that into liquid assets BEFORE the very worst of this. But some warnings hint at something even worse. Some of the warnings of the coming crash are truly scary. Ron Paul, a 12 term, REPUBLICAN Congressman has been warning you for years, America. There’s no point in burying your head in the sand and pretending it won’t happen. This is it. (Interestingly, there will be a lunar eclipse on January 31st.) See URGENT WARNING: Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment . . ., Aftershock investor report, video from January 26, 2016 from NewsMax source, please watch.
See Carl Icahn: Meltdown in Junk Bonds Is Just Beginning, NewsMax Finance, December 11, 2015, by NewsMax staff.
The evidence has been in front of our eyes for a few years now, and recently becamse exquisitely clear. See World faces wave of epic debt defaults, fears central bank veteran, Telegraph.co.uk, January 19, 2016, by Ambrose Evans-Pritchard, in Davos:
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.
“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).
The New world order is HERE NOW. However, it is what mankind makes of it. This is a vital consideration: can we make of this authoritarian mechanism something perhaps authoritarian but NOT totalitarian? When the IMF confiscates everyone’s money, will it just, for example, be all the money above $200,000 or a million? Or are we all just finished? This is the method the authorities have come up with for globally 50 to 80 percent overvalued currencies:
Damon Geller: “As first reported by Forbes, the International Monetary Fund (IMF) dropped a bomb in its October Fiscal Monitor Report. The report paints a dire picture for high-debt nations that fail to aggressively “mobilize domestic revenue,” which is code for “aggressively tax its citizens.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases – culminating in the direct confiscation of assets. Why is the IMF proposing this? Because global governments and central banks pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting public debts to tens of TRILLIONS of dollars. But now, governments and central banks can no longer sustain these debt levels, and global wealth confiscation is their only way to maintain the Ponzi scheme. So it’s more apparent than ever, if you want to keep your savings & retirement out of the hands of desperate governments, there’s only one thing you can do.” (free book)
Latest: How are the markets doing today? See China fears halt market recovery, Agence France Presse (AFP) on the Economic Times, January 26, 2016, by AFP:
LONDON: Shanghai’s stock market slumped more than six per cent and European stocks declined as oil prices dipped today, reversing a brief global rally on hopes of fresh central bank stimulus.
In late morning deals, Europe’s main equity markets were falling by around half a per cent.
Russia’s stock exchange though tumbled by 3.5 per cent and the ruble slipped as oil’s fresh drop continued to hit one of the world’s biggest energy producers.
Watch Peter Schiff The Fed & Stock Market Crash, INFOWARS.com, January 26, 2016, by NWO Blueprints – US Truth:
Oh, Man: Watch the video at Lombardi Financial via NewsMax Moneynews, January 23, 2014, by Lombardi Financial.
“…a well-known colossal-sized American bank is on the verge of a catastrophic collapse… They’re 70-times more leveraged than Lehman Brothers was before it went bankrupt in 2008. It’s a collapse that will erase $44 trillion (yes, “trillion”) off the map—in the blink of an eye. Nobody in the financial media has come across this yet.”
The LATEST: What are the Global Elite up to? See Cashless Society War Intensifies During Global Epocalypse, Prophecy News Watch, January 25, 2016, by David Haggith. Could this be altogether bad? It costs 2 cents to make a penny and a dime to make a nickel, no wonder we’re going broke. ….If “money (or the love of money) is the root of all evil,” then simply do away with currency. Well here’s the “inside view:” if you view America as a giant Ponzi scheme, you could say the chips have been called in and the debts are coming home. But what if you did away with the “chips” (currency) and gave us an unlimited ceiling. Credit/debt in currency is rather definite and limiting, but if you put it all on computers, it’s absolutely true that the “logic” of 1’s and 0’s is highly malleable, and we just might, after a significant market correction and currency devaluation, end up with a sort of “unlimited Ponzi scheme.” LOL “Plastic makes it possible,” though the transition may be a bit rough, as you’ll see below. What this idea may do is ACTUALLY give us the time to really get our economic house in order. The national debt has doubled since 2006, though the annual debt is about one-third what it was when Obama took office. We may be headed in the right direction. I’m just glad I’m not holding any energy company stocks. Oil now stands at about $27 a barrel and it seems to be headed down to $12 to $15 a barrel. With new solar technologies it may soon be possible to produce electricity at 5 cents/kilowatt hour. No bull.
IT’LL BE BAD: See Stock Market Crash: Jim Rogers Has a Dire Warning for Investors, Profit Confidential, January 22, 2016, by Palwasha Saaim:
Billionaire investor and legendary fund manager Jim Rogers is almost certain that the global market upheavals triggered at the beginning of this year will spark a U.S. stock market crash in 2016 that will likely be worse than the global stock market crash of 2008.
Ron Paul Has Been Warning You:
Our Currency is Finished
Ron Paul has protected HIS wealth. How do you do the same? Check out the Porter Stansberry Investment Advisory from Stansberry Research. You can pay that guy a little now, or be broke tomorrow. Also, you are highly advised to check out Stansberry Radio online. Protect your wealth now, or invest a little the right way and make a LOT!
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NEW: See Collapsing Markets – Will Global Elites Push For New Financial Order?, Prophecy News Watch, January 21, 2016, by Michael Snyder:
Did you know that the top 1% has more wealth than the rest of the planet combined? And just 62 ultra-wealthy members of the elite have as much money as the poorest 3.5 billion people on the entire planet.
These brand new numbers come from a shocking report that was just put out by Oxfam, and they show that income inequality continues to grow at a very rapid pace all over the world. As you will see below, the total wealth of the poorest half of the global population has plunged by 41 percent since 2010 while the wealth of the elite has continued to surge upward.
Watch Harry Dent: Why The Stock Market will Crash in 2016?, INFOWARS Live, January 9, 2016 — 17:30.
Just How Much Do the Super-Rich Elite
Expect the People to Take???
See Global markets tumble after U.S. plunge, January 14, 2014, by Jethro Mullen:
Japan’s Nikkei closed down 2.7% Thursday, after plummeting as much as 4.4%. The Hang Seng in Hong Kong ended 0.6% lower, pulling back from a loss of 2.1% earlier in the day.
The declines came after a rough day of trading in U.S. markets Wednesday that brought the Dow, S&P 500 and Nasdaq into correction territory, meaning they have tumbled 10% or more from their recent peaks.
HERE’s THE LATEST: The main volatile sector remains energy stocks. As you would expect, thinking they are buying low, investors late Thursday snapped up what may be bargains, or maybe not. See below link to article on new solar technology:
The S&P energy sector .SPNY shot up 4.4 percent, on track for its best day since late August, while shares of Exxon Mobile (XOM.N) surged 5.2 percent, also the biggest percentage gain since August, while Chevron (CVX.N) jumped 5.4 percent.
Watch China Stock Market Crash, World Stock Down, Market Crash, 2016, YouTube news video — 31:17.
NEW: See The Great Crash of 2016, Lombardi Fiancial, ongoing: “29-Year Old Stock Market Research Firm with History of Accurate Predictions Warns” a Crash is happening now.
The signs of a stock market crash (and U.S. currency implosion) have all been here really for a year or more. It could be said that it has essentially been known that the crisis of 2007-2008 is continuing and NOT dealt with: essentially we have been lemmings rushing toward a cliff. I feel that the overall response to the whole crisis, caused by pure greed with derivative and mortgage investments, is sort of “maybe if we don’t admit it’s happening, it’ll go away.” Well, it’s happening. And this cannot be handled using the same methods we have been using, it will just get worse.
Join Jim Rodgers at an Global Economic Summit, Financial Intelligence Report:
Jim Rogers is warning that we are overdue for a “major market correction.”
In fact, he says it will be the most shattering financial event “we have ever seen in recorded history.”
Jim is not given to exaggeration. He predicted the secular bull market in commodities that began in the ’90s and also — quite accurately — the dot-com bust of 2000 and the subprime crisis of 2008.
In this shocking presentation Jim Rogers is joined by James Dale Davidson, and both experts give their take on the grave financial situation we face….
Markets Jittery: What Next?
Business Forecasters Send Out Warnings
NEW: See RBS – Royal Bank Scotland Telegraph: Warns Investors of ‘Cataclysm’: ‘Sell Everything’, NewsMax Finance, Street Talk, January 13, 2016, by F. McGuire:
The Royal Bank of Scotland reportedly has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
NEW: See Standard Chartered: Oil Poised to Plunge to $10 a Barrel, NewsMax Finance, January 13, 2015, by NewsMax wires.
See After dreadful week, stocks look for reason to bounce, Reuters, January 10, 2016, by Chuck Mikolajczak:
Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week.
With prospects dimming for a strong start to earnings season, and worries about slow growth in China continuing to overhang the market, even a price-driven rally may not last beyond a day or three, say longtime market watchers.
“There is nothing we can do except step back, hunker down and wait for the carnage to play out.”
A simple look at the misery index, an excellent predictor of the economic future, tells the story: The misery index was 28.5 in 1929 immediately before the crash and is actually 32 now. Inequality is worse than ever, and God is not mocked. In the Bible it is written prophetically, “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.” Gordon Lightfoot’s video Pride of Man warned us back in the 1960’s. It has been blind greed. Sure, some greed is OK, it forms the basis for success in capitalism, but karma is an inevitable law of the universe and TOO MUCH greed has brought this really terrible situation upon Wall Street and the rich. Let us look at this ongoing crash in the news:
God is not mocked, as ye sew so shall ye reap, and the rich and super-rich have been way too greedy and ignored and made worse the plight of the poor. Sometimes karma’s a bitch.
Economists Ask: Is This
The Next Great Depression?
See Wall Street has worst start to year ever, Reuters, Friday January 8, 2016, by Caroline Valetkevitch:
U.S. stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat U.S. job growth.
Both the Dow and S&P 500 had their worst five-day starts in history, with the Dow falling 6.2 percent for the week and S&P 500 sliding 6 percent. The Nasdaq was down 7.3 percent this week.
All three indexes saw losses accelerating into the close.
See 80% Stock Market Crash To Strike in 2016, Economist Warns, The Sovereign Investor Daily, January 7, 2016, by JL Yastine:
Several noted economists and distinguished investors are warning of a stock market crash.
Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.”
And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
Smithers 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.
Former congressman Ron Paul didn’t mince words either. He warns that the stock market’s “day of reckoning” is fast-approaching. When that day comes, he doesn’t think it’s just going to be a correction; it will be “stock market chaos.”
See “The Greatest Stock Market Collapse since the Great Depression”, Investigative Report from Dent Research:
The man who called nearly every major economic trend over the past 30 years…including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.
“The DOW is going to crash to a degree we haven’t seen since the Great Depression” say world-renowned economist Harry Dent.
In fact, Dent says, “We’ll see a historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”
Watch RON PAUL on The END of the U.S. DOLLAR – AMERICA is on the BRINK of COLLAPSE, YouTube video: 8:40.
Watch When The Economy Crashes Parts Of America Will Resemble A 3rd World Country: Peter Schiff, YouTube video – 25:26.
Also see Chinese economic woes go beyond market crash, USA Today, January 8, 2016, by Hannah Gardner.
For The Post-Crash Business Environment
In general, if it gets as bad as some say it will, an entirely different investment strategy is called for. The first thing I would do is dump your petroleum and perhaps coal stocks. See New Miracle Solar Technology to Replace Oil, Gas, Coal and Fuel Abundant Future, Free Music57 + politics, December 28, 2015, by Paul Evans, in which one major “player” stated that he expected that “half the U.S. energy industry will be bankrupt in 6 months,” (NewsMax) due to really big gains in solar technologies and disinvestment in oil by such giants as Saudi Arabia, Warren Buffet, Bill Gates and George Soros. Generally, in really bad economic times you want to divest yourself of holdings in luxury goods and invest in durable goods and things that people need no matter how bad it gets. It might also be a good idea to invest, for example, in railroads, and mass transit may become more important. It is a good idea to disinvest somewhat and have holdings in liquid assets such as gold, silver and gems. People like Glenn Beck who’ve been telling you to do this and drew the derision of liberals may now have the last laugh.
Gordon Lightfoot – Pride of Man
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