Economic Downturn Warning
- Thread starter Abdicate
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Speaking of 2008... timely article:
We Just Broke 2008's Record For The Fastest Economic Unraveling!
http://www.zerohedge.com/news/2015-05-01/we-just-broke-2008s-record-fastest-economic-unraveling
We Just Broke 2008's Record For The Fastest Economic Unraveling!
http://www.zerohedge.com/news/2015-05-01/we-just-broke-2008s-record-fastest-economic-unraveling
Here we go! More surefire signs of the times we live in.
Another article but with helpful stats:
Harry Dent’s concern is that the government’s unprecedented intervention through QE (Quantitative Easing) and other measures is creating the worst case scenario. Which is why his next words painfully hang in the air:
“The next crash is going to be worse than the last one.”
Considering that Dent is known worldwide for his uncanny boom and bust calls over the last 30 years, one should pay careful attention to his new warnings that the stock market will collapse by 70%, that real estate will plunge by 40%, and that unemployment will spike up to 15%.
http://economyandmarkets.com/former-reagan-budget-director-warns-all-hell-to-break-loose-4
“The next crash is going to be worse than the last one.”
Considering that Dent is known worldwide for his uncanny boom and bust calls over the last 30 years, one should pay careful attention to his new warnings that the stock market will collapse by 70%, that real estate will plunge by 40%, and that unemployment will spike up to 15%.
http://economyandmarkets.com/former-reagan-budget-director-warns-all-hell-to-break-loose-4
Peter Schiff, Doug Casey, Harry Dent, Chris Martenson, and Jim Rickards are all good bubble prediction specialists who warned that 2008 was coming.
Thank you for the trends analysis Abdicate
I will now imagine amidst speculation to wildly guess the future
I think "unlimited" QE4 is more likely in the U.S. than "the limited QE proposals in Europe," which would further protect the Feds ability to prop up markets and protect them from "needed deflation." To me these are our greatest current threats which can cause international economic insolvency. The damage that the Fed induced QE3 did all over the world is already immeasurable.
Also we are seeing some recent decoupling from gold amidst brief moments of deflationary trends; like clockwork the Fed has inundated those brief moments with more inflationary tactics. We are at a place where the Fed will not allow "any deflation" (6 years) which is disabling markets to remain coupled inversely with gold. If severe decoupling happens then we may see sudden distortions in many markets which would disable them to function properly. Thus we may see "hyper inflationary tactics" which would seek to stabilize the instability.
However hyper inflation may use the creep method and just simply gain momentum slowly and then rapidly increase at the end (the straw that breaks the camels back), or react to sector insolvencies like the real estate market fiasco in 2008, which is unfortunately being propped up again. I am not sure which way it will pan out, but we can all see in plain site for sure that severe inflationary tactics are chronically and currently being used.
I think Greece's instability which could domino, and our accelerated monetary inflationary tactics (also already causing us as U.S. consumers to realize tangible higher prices) are the two primary canaries in the mine at this time, yet GDP ratios (distorted reporting) CPI's reports (distorted reporting) and economic hedonic manipulation (distorted reporting) all give us pause. Then with trends and business statistics in the gutter, it does look bleak.
A reset of some kind is eminent or nearing in the coming decade.
Sorry, with final kingdom, I meant the one here on earth as we know it today - but under the control of the antichrist.
Its scary the way the world is going but we are not afraid...just stand on jesus righteousness no matter what men may do to you.
Had a cousin on wall st I rememeber the day of september 911 2001. Before that I had not really any idea that muslims HATED what america stood for, thought they were just jealous. It was so evil what they did. We didnt want the US to go to war because if they did it might be world war three. Because they got attacked, and had no idea what had provoked it.
Why would someone crash a plane with innocent passengers in it it? Made no sense. But to the world trade center? What was goin on? And pentagon? Thought it had something to do with trade and politics, but trade in itself isnt an evil thing if its FAIR.
Then you start finding out how evil love of money is and makes people do the most stupid things. America is implicated because they chose to deal with muslim countries oil. They run on it, they ride the beasts back. They could just stop,buying it and make their own fuel, but no. All that jet fuel just wasted to blow someone else up.
Ugh. Submit to God, Resist the devil and he will flee from you. But no, america being now godless, chose to deal with the devil instead. You cant do that and expect no trouble with your way of life. You live in luxury and ease fueled by the dragon.
Had a cousin on wall st I rememeber the day of september 911 2001. Before that I had not really any idea that muslims HATED what america stood for, thought they were just jealous. It was so evil what they did. We didnt want the US to go to war because if they did it might be world war three. Because they got attacked, and had no idea what had provoked it.
Why would someone crash a plane with innocent passengers in it it? Made no sense. But to the world trade center? What was goin on? And pentagon? Thought it had something to do with trade and politics, but trade in itself isnt an evil thing if its FAIR.
Then you start finding out how evil love of money is and makes people do the most stupid things. America is implicated because they chose to deal with muslim countries oil. They run on it, they ride the beasts back. They could just stop,buying it and make their own fuel, but no. All that jet fuel just wasted to blow someone else up.
Ugh. Submit to God, Resist the devil and he will flee from you. But no, america being now godless, chose to deal with the devil instead. You cant do that and expect no trouble with your way of life. You live in luxury and ease fueled by the dragon.
Timely article?
Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes.
The bad news: It will be much worse than that. On Monday, the Dow rose another 43 points. Gold seems to be working its way back to the $1,200 level, where it feels most comfortable.
“A long depression” has been much discussed in the financial press. Several economists are predicting many years of sluggish or negative growth. It is the obvious consequence of several overlapping trends and existing conditions.
http://www.zerohedge.com/news/2015-05-06/there-will-be-no-25-year-depression
http://www.zerohedge.com/news/2015-05-06/there-will-be-no-25-year-depression
Sorry, our proxy killed this link/page.
Would anyone be so kind to summarise briefly, if possible?
I googled it for you but surprisingly most sites no longer have it - does this help?
http://www.theburningplatform.com/2015/01/20/a-word-of-caution/
I just watched this part 3 and it is pretty wow. Something to consider and watch for sure.
It's a video coming from the financial/secular world and indicates that the banks releasing money to stimulate economic growth isn't working. Here is a summary from the poster on the link I posted:
Submitted by Adam Taggart via Peak Prosperity,
Sometimes it pays to step way back and look at things from a high level.
In response to the 2008 crisis, the world’s major central banks pumped an unprecedented amount of monetary stimulus into the system — all in the name of kick-starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.
More than six years and over $4 trillion later, what exactly can we say it did for us?
Not enough, as the following short video summarizes.
And to be honest - that is a whole wallop of dough right there.
Even our government is warning of tough times ahead - but what they base this on is fairly limited.
I however doubt the fat cats of the government will not currently have a worry about the "skinny" times ahead.
September 2015 will surely be an interesting month.
One of the things stated in the video as one of the reasons the kick start didn't work is because the (*edit - invented out of thin air money) money used to kick start stayed with the rich fat cats and didn't "trickle down" like at all.
Yes, and that's the whole thing, everything in the economies around the world are driven by certain rich entities that manipulates to get richer - the fat cats - while everyone else suffers the consequence.
But, what they do not know is that at some point, the house of cards will tumble.
But, what they do not know is that at some point, the house of cards will tumble.
@Arrie03 I looked for a transcript of the 5 minute video on Peak Predictions but no joy. I did find this blog part that concurs with the video:
"Tags:Accelerated Crash Course, Adam Taggart, Chris Martenson, economy, energy, environment, oil
Let's pull back for a moment and look at the Really Big Picture:
We're facing a future in which the economic growth the world has enjoyed over the past century can no longer continue.
Over-indebtedness, mal-investment, cronyism, manipulation, and misguided policymaking have all certainly contributed to our current predicament. But the principal causes are much bigger. And much harder to address.
Simply put, we're entering an era when it's becoming increasingly difficult to obtain the resources we need -- at the cost we need -- to power the economic activity we need.
The trends of resource depletion, escalating mining & drilling costs, species die-offs, emptying aquifers, declining energy yields and the like are increasingly pitting the world's 7 billion people (soon to be 9 billion before 2050) against each other in competition for the remaining biomass and minerals that make industry possible.
As a result, massive changes to our way of life are in store. No matter where each of us lives.
This brand-new video shines a bright light on these trends and the risks we face as a result. But it also offers hope. If we take action now, while there's still time, there's much we can do not only to reduce our personal vulnerability to these threats, but also to step into this new future with newfound optimism:"
"Tags:Accelerated Crash Course, Adam Taggart, Chris Martenson, economy, energy, environment, oil
Let's pull back for a moment and look at the Really Big Picture:
We're facing a future in which the economic growth the world has enjoyed over the past century can no longer continue.
Over-indebtedness, mal-investment, cronyism, manipulation, and misguided policymaking have all certainly contributed to our current predicament. But the principal causes are much bigger. And much harder to address.
Simply put, we're entering an era when it's becoming increasingly difficult to obtain the resources we need -- at the cost we need -- to power the economic activity we need.
The trends of resource depletion, escalating mining & drilling costs, species die-offs, emptying aquifers, declining energy yields and the like are increasingly pitting the world's 7 billion people (soon to be 9 billion before 2050) against each other in competition for the remaining biomass and minerals that make industry possible.
As a result, massive changes to our way of life are in store. No matter where each of us lives.
This brand-new video shines a bright light on these trends and the risks we face as a result. But it also offers hope. If we take action now, while there's still time, there's much we can do not only to reduce our personal vulnerability to these threats, but also to step into this new future with newfound optimism:"