Showing posts with label economic collapse. Show all posts
Showing posts with label economic collapse. Show all posts

Sunday, January 24, 2016

French PM: Europe could ‘fall apart within months’



French prime minister Manuel Valls has warned that the EU could die quickly, and be dead within months.

Valls made these comments during a panel discussion with the German finance ministerWolfgang Schäuble at the World Economic Forum in Davos.

In a follow on interview with BBC, Valls reiterated his alert by saying the Schengen Area, the 26 European countries that have abolished passport requirements for mutual travel, may die due to the growing pressure from muslim migration.

Valls also expanded his warnings by saying it wasn’t just the Schengen area, but Europe as a whole that could die.

“If Europe is not capable of protecting its own borders, it’s the very idea of Europe that will be questioned,” Valls said to BBC.

When pushed further, Valls’ clarified his statement, saying “yes the European project [is at threat], not Europe as much. Not our values, but the concept of Europe that our founding fathers had, yes, it is in very grave danger.”

Valls ended by voicing his support for the creation of an EU border guard force, previously referenced by officials as an EU army.

“That’s why you need border guards and controls outside the European Union. Sometimes we had the feeling that borders did not exist. No, borders do exist so you have to protect them,” Valls said.

“Let every person be subject to the governing authorities. For there is no authority except from God, and those that exist have been instituted by God. 2 Therefore whoever resists the authorities resists what God has appointed, and those who resist will incur judgment.”
– Romans 13:1-2

“They will say, ‘The fruit you longed for is gone from you. All your riches and splendor have vanished, never to be recovered.’ The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment”
-Revelation 18:10–15

Valls’ sentiments were shared by German Interior Minister Thomas de Maizière, who recently stated that their “temporary” border controls announced early January will be maintained indefinitely.

German Chancellor Angela Merkel, though duplicitous in her actions toward migration, has said that Europe is “vulnerable” and that the fate of the euro is “directly linked” to resolving the migration crisis.

With the European Union’s currency relying heavily on tariff free trade and unity of economic policy, disagreements on immigration and border closing within the Schengen area risk crashing the euro, well before the economic burden of providing exuberant welfare to migrants is felt.

Saturday, January 16, 2016

Legend Warns Global Stock Market Rout To End In Full-Blown Panic!


On the heels of the Dow plunging more than 500 at one point in the trading day and global markets continuing to get pummeled, today a legend who warned just 8 days ago that the carnage in global markets would continue told King World News that investors should expect to see an acceleration of the global stock market rout that will end in panic.

Eric King:  “Bill, people are wondering if we could see a rebound next week?”

Bill Fleckenstein:  “Of course there can always be a rebound but I don’t think it will carry very far — in the same way that none of the little rally attempts have carried very far that we’ve had in the past eight or nine sessions…

Global Stock Market Rout To End In Panic

Fleckenstein continues:  “So I don’t think the market can rally very well at all and I think there is a much better chance that we will see an acceleration to the downside.

They managed to pull the market back over the August/September lows in the S&P but some of the other indices have already broken through those lows.  So I think there is a better chance of an acceleration of the selling.  And if there is any kind of a bounce I don’t think it will be very meaningful.  I don’t think that the stock market can have any kind of a meaningful bounce until we either get real panic and/or the Fed rides to the rescue.”

Fleckenstein had warned King World News just 8 days ago that there would be more carnage in global markets (see below).

Eric King:  “The fantasy is coming to an end but this day had to come, right?”

Bill Fleckenstein:  “You’re right, it had to come to an end.  One of the hardest things for people who aren’t investment professionals and even for many investment professionals to understand is how something (an investment strategy) that is so clearly destined to work can sort of lie there and not respond and not do what you think it ought to do for as long as this insanity has gone on.

What I’m particularly referring to there is how well and how long the stock market managed to levitate on the back of not much more than outright monetization.

The Gigantic Suspension Of Disbelief

The first couple of years after 2008 there was a snapback after they stopped the carnage with all the programs and government bailouts and money printing.  But from 2011 on, when QE3 started, that’s when we really had a gigantic suspension of disbelief.  That’s when the vast majority of people really concluded, ‘Gee, these guys really know what they are doing and it’s going to work this time.’  They didn’t stop to think that it was these very same policies that got us into this mess and all we do is keep pursuing the same strategy in a bigger and bolder fashion.

But nonetheless, it’s taken quite some time for the ultimate failure of this fantasy to start to unfold.  Now, it’s not the 25 basis points that is breaking the market.  They stopped QE 14 months ago and the market kind of went sideways.  So the top took about a year to produce on the major averages, but beneath the surface lots of stocks have been weak.

This Has Been A Long Time Coming…
The economic data has been pretty damn poor considering rates have been zero for 7 years and we monetized $3 trillion here in the United States and the same thing is going on in most of the G7 countries.  So the economic recovery has been nothing and this has been a long time coming.



But China Is Being Blamed For The Panic

You couldn’t predict when the market break was going to occur but we kind of got some hints of that last year and the way the market has broken in January.  Now, people here want to blame this market break on the North Korean hydrogen bomb or the Chinese devaluation and their stock market plunge.  But China’s got a misallocated capital and debt problem — that’s we have and that’s what the whole world has.  China has a different variation than we do and in some ways they are better than us — in some ways they are worse than us.

This isn’t about China.  China is getting blamed because it’s the spark, right?  But meanwhile you see that credit spreads are widening, junk bonds have collapsed, the oil patch is a wreck.  What do you think is happening to all these insurance companies and pension plans that reached for yield in different credits?  And what about the poor bastards from the public who felt they had no choice and felt they had to reach for yield and buy stocks?



The bottom line is that this misallocation of capital has gone on for so long that people look at individuals like Jim Grant, Fred Hickey, or even me, and people would laugh at us.  I’ve gotten quite a volume of hate mail where people say, ‘You’re an idiot.  Why do you keep saying this stuff?’  Well, you don’t know how long it will take for the chickens to come home to roost, you just know they are going to have to.



There Is No Saving This Market – QE4 Is Coming

So we’re at that moment now, and it’s liable to get quite a bit worse because there is no saving the market.  The numbers have been bad, the speculation has been high, and the world economy is getting worse, but the Fed can’t come to the rescue until global stock markets break and break hard.  Then we’ll have QE4 and in that phase we will have to see how well the Fed is believed, what they do, and what we think the ramifications will have to be at that time.

The Carnage Will Play Out Faster Than People Think

There’s no guarantee that people are going to believe the central banks because in 2008 they didn’t believe them all year, and in 2001 – 2002 they didn’t believe them.  Right now they still seem to have total confidence.  So the stock market has been an accident waiting to happen and now the accident is happening, and the carnage is going to play out much quicker than people think.

Having said that, this is going to be a two-step trade, right?  The first is going to be the big break in the stock market.  Then the Fed is going to do what it’s going to do, and then you’ve got to see what you want to do next.



As It Pertains To Gold And Silver…

As it pertains to the precious metals (phase two of the trade), they have been hated and avoided because nobody thinks they need them when the central banks are in control.  So they are basically the flip-side of the confidence trade that’s driven stocks to the moon.

It’s no coincidence that as the market has broken badly at a time of the year when it’s not supposed to, suddenly gold has started to move higher.  And what will happen is gold will start to go up and it will finally catch a bid and start behaving better.

Gold will start to trade higher once again on news that used to make it surge and people will come out of the woodwork and try to own it and there will be a gigantic scramble.  Has that process started?  Most likely it has.  It’s also worth noting that some of the miners are finally acting better.

So we are going to see both sides of the trade start to play out at the same time, but they are all different expressions of the same thing.  Gold is a way for people to say, ‘These policies are crazy.  I know what central banks are going to do and I can own this  in order to protect my capital and make money.  The stock market only went up because people believed in these idiots and that trade and that belief are now coming to an end.’

So people can express their doubt in what central banks can do by being short stocks or being long gold.  I’ve currently got both sides of that trade on.  Anyway, I think that’s the longest answer I’ve given to a short question in my career.”

Thursday, August 16, 2012

Economic Collapse-American Riots Will Be The Worst In The World


People, The Great Culling has begun in earnest. Almost as if on cue & on schedule we've endured so many true crisis situations & corruption, mass animal die offs spanning all species, earthquakes, Tsunamis, Tornadoes on Steroids - so much human misery & Death, toxic spraying on a global scale, HAARP, GWEN towers, ELF waves (Silent sound Spectrum - the equivalent of being violated anonymously) tainted vaccines - on & on, so much so that we are hardly phased anymore. Time = NOW

The world population has reached 7.000.000.000. At the moment 2000 million live in absolute misery. Another 2000 million have difficulty meeting the ends. 2000 million have got involved in a "rat race" to just surviving. Under 1000 million of the actual world population have a decent good quality standard of living. The Bilderberg plan (if it is true) is a very good idea; specially the one world government/religion which will end the useless economical, political and relgious conflicts.

WATCH VIDEO - Economic Collapse-American Riots Will Be The Worst In The World

Monday, August 13, 2012

The Coming Storm


By Ron Graham

“We lie down in our shame, and our confusion covereth us: for we have sinned against the LORD our God, we and our fathers, from our youth even unto this day, and have not obeyed the voice of the LORD our God.” Jeremiah 3:25. The nation of Israel was in trouble. They had ignored God and sinned against Him for generations. Can other nations learn from the mistakes Israel made? Nations today are of the same mindset as Israel all those millennia ago. Humanity as a whole has learned nothing. God is still being ignored, even forsaken. Today’s societies have dishonored God, His creation is nothing more than a disgrace, and we hide ourselves in our shame. God’s patience is surely waning and His judgment is upon us.

When a nation or a people contrive amongst themselves, against wisdom, to systematically remove the God of all creation from the sphere of common knowledge, consequences will follow. God may well take a step back so that those deceived individuals who have rejected Him are given a glimpse of what it would be like living without Him and His blessings. Of course God never really leaves as desertion is not included in our Father’s attributes. But to make a point, our God might begin a series of actions to help bring back into focus that which has been dulled by many decades of disobeying God and His precepts.

Turmoil is very evident of late. It seems that now, more than in any period of our history, we live daily with much disorder and confusion in our midst. But sitting just off the horizon is “The Coming Storm” which will make today’s turmoil’s seem more like child’s play. What am I talking about? Brewing in the under belly of humanity is a massive amount of pent up anger and frustration. There is an implosion coming.

Currently, deep seated emotions are running amuck – seemingly uncontrollable. There’s an attitude among many today that leans toward a basic survival instinct which blends well with an animalistic nature. There is a driving force behind this nonhuman concept and it is moving to the surface of every civilization like a volcano ready to spew out its molten lava. We are surrounded by unimaginable, supernatural violence. More and more the violent attacks on members of our society seem to be taking on an animalistic personality. What we are seeing is just the beginning of people “feeding” off one another, both emotionally and literally.

Preceding disorder is an invisible undercurrent of wickedness. Yes, lying in the path of all civilization is “The Coming Storm”, and that storm will be of such magnitude hearts will fail mankind. “Men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.” Luke 21:26. What things? Things that mankind are not familiar with; incredibly unbelievable and devastating things that will shake mankind to the core. Apprehension, disillusionment, anger, corruption, and despair will become valid responses as the people of earth are thrust into ever increasing disorder; anything but business as usual.

That Coming Storm which is currently brewing will be preceded by very terrifying events, events which will disrupt the natural ebb and flow that nations depend on for a balanced society. Those events will include, but are not limited to, massive and frequent earthquakes, ever increasing famines, mind boggling pervasive diseases, uncontrollable wildfires, extreme droughts, and one that will catch many Americans off guard is the coming economic collapse which will shake American greed and her self-indulged materialism to its core. Most people won’t heed warnings of a cataclysmic nature until the cataclysm is upon them. We read in our Bibles that the last days will be wrought with catastrophic events. Since most of earth’s population considers the Bible a fairytale, they give no credence to its warnings of future events. The Bible has never missed regarding the prophecies found within its pages, and it never will.

Natural catastrophic events are not the only game in town. Satan and his cohorts are fully aware of the signs that point to the soon approaching last seven year period before Christ’s return. There is a huge amount of malevolent supernatural activity which is creating major havoc around the globe. Many Christians are oblivious to the writing on the wall; they have no grasp of the ominous times which we’re now experiencing. As our time on planet earth dwindles we will be confronted with many more of the enemy’s deceptions which are all planned to create mayhem.

We can see by all the horrid news reports being thrust at us with an ever increasing frequency that the demonic realm is in full military posture. Fathers murdering their children, mothers killing their babies and turning cannibalistic. People biting and ripping other people apart with their teeth and then eating the flesh of those they’ve just chewed on. Most of these bazaar occurrences are perpetrated by naked men with super human strength. This weirdness is just the beginning. We will see much worse actions from these demon possessed individuals. Yes, I said demon possessed individuals. Make no mistake, Satan is building an army of human followers bent on the destruction of their fellow man. What we are being told by the media should be dismissed as nonsensical and even blatant deception. Yes drugs play a part in that they open a portal for the demonic to enter our domain, where they can proceed to possess the people who place themselves in that drug induced state. What we witness in these ongoing horrific events can only be described as supernatural demonic forces capitalizing on mankind’s own foolishness.

If you don’t believe we are in as much trouble as I believe we are, a trip to your local ER might help convince you. I was in the hospital a few days ago for tests. The young lady doing the testing was also an ER attendant. She told my wife and me a hair-raising story. Apparently this new drug “bath salts” is not hard to come by, and when used it creates a monster inside a monster. Most who take this new drug are already under the influence of mind altering drugs, so they compound the problem. One young woman was brought into the ER after using “bath salts”. While undergoing detoxification she told our attendant that she had a three year old daughter who she left at home (alone) as punishment – the child had messed up the house. The young woman explained to the attendant that she never wanted the child. It was only her boyfriend that wanted a baby. Our attendant told us this kind of thing goes on all the time here in this little rural “Bible belt” community. It boggles the mind to even imagine the demonic goings on in every city and community around the globe. 

When people look at evil through humanistic eyes, they can’t see that the mass of wickedness currently affecting all societies is supernatural rather than simply drug or alcohol induced. As recently alluded to in the Aurora Colorado massacre, insanity is said to have played a part in that horrific episode. No, the wickedness that is being observed on every continent is not insanity but demonic. The end, which most of us familiar with the Bible prophecies have been patiently waiting for, is currently in sight. Not a pretty sight but it’s here, and it is burgeoning.

For the most part, people today have no spiritual discernment. Therefore as the news stories of horrible wickedness and destruction become more prevalent society will only react in ways that will add to their confusion (perplexity). There will be much more corruption, which will be feeding the wickedness like pouring gas on an already burning fire. Because the ruler of the universe (the One true God) is no longer considered relevant in most societies today, the malevolent supernatural forces being unleashed on these lands have begun to enforce their satanic mandate of invasion. Most of earth’s current population belongs to Satan, and they’re playing right into his hand. Without God there can be no defense against the wiles of the devil. Sadly, the majority of folks today want nothing to do with our God and Savior, Jesus Christ. Why is that?

“In whom the god of this world hath blinded the minds of them which believe not, lest the light of the glorious gospel of Christ, who is the image of God, should shine unto them.” 2 Corinthians 4:4. The deceptions that have been the prevailing teachings through many different venues for so long are the blinding force which has shrouded the minds of the lost so thoroughly that they won’t see the truth. It’s not that they can’t see it, but that they refuse to see it. They belong to Satan; they follow him and do his will. This is precisely why wickedness is burgeoning at a phenomenal rate. Satan is a real supernatural being bent on the destruction of mankind. His only agenda is to steal, kill, and destroy, and he will use all his human conscripts to accomplish that goal.

The refusal to recognize God as Creator and Saviour is paramount on earth right now. Thus, as God sees no other alternative because of the worldwide rejection of Him, major catastrophic events are on the way. In America we’re currently experiencing an economic meltdown, super high unemployment coupled with an ever diminishing living wage, together with a nationwide drought all add to the disruption of normalcy. Corn prices are rising as the crops are decimated, added to that is the fact that cattle ranchers no longer have the wherewithal to feed and water their herds. All this is coupled with ever increasing food prices at our local markets. These upheavals are bringing with them a sense of uselessness from what was once a stable middle class. What we plainly see brewing, my brethren, is The Coming Storm.

Tempers are on edge, anger is going unchecked in much of society. People are in a quandary as to what tomorrow will bring as they watch their once thriving societies crumbling before their eyes.

There is nothing normal about the demonic. Although the malevolent supernatural legions may not be responsible for our current weather patterns, they certainly know how to capitalize on every crisis. Whenever Satan observes humans turning their backs on God he will use his new human conscripts in his attempts to disrupt the salvation plan of God. Those who have no hope will embrace the wickedness that we now see coming upon this planet. Today we see armies of young lost men and women prowling the streets seeking to dominate and terrorize the unsuspecting and this horrible phenomenon is also burgeoning.

Many people believe we are moving into a new era of human history. Not so. This world’s civilizations are firmly planted on a teetering precipice that has been our lot for decades. Every nation on earth is currently on a collision course with an inhuman and immovable malevolent force. Evil will not only persist in these last days, but we will become astonished at how rapidly the digression into full on wickedness occurs. People will begin to worship whatever idol they can conjure up in hopes of curtailing the violence. Sadly, returning to the One true God will not be part of most of the last days inhabitants endeavors.

Storms are brewing, storms of wickedness, immorality, major civil unrest, there is an incredible amount of thievery, as well as other corruptions including murder all taking place at a phenomenal pace. This is what comes of nations that turn away from their Creator. All of these consequences are avoidable, but they are inevitable when corruption and sinfulness becomes the norm.

“Therefore I will look unto the LORD; I will wait for the God of my salvation: my God will hear me.” Micah 7:7. As Christians we have nothing to fear from Satan or his minions of evil as we look forward to the soon arrival of Jesus Christ. We were once Satan’s property but now we’ve become defectors from his camp, thus Satan is lying in wait for each of us. With our armor firmly in place we are fully protected against any payback the enemy may have up his sleeve. But don’t become cocky in your confidence; we can be adversely affected anytime we let down our guard. Satan and his conscripts will give no quarter to those who mean to stand in his way. Right now, standing in his way are all the children of God. If you are not prepared for the battle of a lifetime perhaps you should grab your Bible and study it (Ephesians 6 in particular) instead of watching baseball or some other distraction that has no eternal value.

Leaning on the God of your salvation is the key. “For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.” 2 Timothy 1:7. Although Satan is completely out of his league when compared with the Creator of the universe he is a very real and powerful supernatural being, one we humans should never take lightly. God has given us the power to withstand the devil, so withstand.