“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”: Prepare for Turbulence Warns John Mauldin…

From Goldcore:

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

Source: Financial Times

Mauldin is a New York Times bestselling author and respected investment expert and his excellent analysis concludes with advice to prepare urgently for the financial “crisis of historic proportions” which is “once again bearing down on us”:

“You and I can’t control whether banks are ready, but we can control whether we are ready. I am working on a number of fronts to help you. My brief time away convinced me beyond any doubt that a crisis of historic proportions is once again bearing down on us. We may have little time to prepare. We definitely have no time to waste.

His financial crisis warning is important as Mauldin is no perma-bear. Indeed up until now his central thesis was that we were in the “muddle through economy” and that the U.S. economy and global economy would “muddle” along and we would avoid a financial crisis. So not only has he changed his central thesis but he has gone from being neutral and mildly positive to being very bearish and concerned about a severe financial crisis.

Mauldin is a long time advocate of owning physical gold including gold coins  as financial insurance – taking delivery and secure storage.

“I do not think of gold as an investment. It is insurance for me. I buy a fixed amount of gold nearly every month, no matter the price. I hope the price of gold goes down, because that means I get more coins in the mail to go into the vault. Yes, I take delivery of my gold, and it is near me if I need it.”


Afraid of the Truth
We Couldn’t Take the Chance
Policy Brick Wall
Least-Bad at Best
Getting Out of Dodge
Global Contagion
Barefoot on the Beach


“The job of the central bank is to worry.”

– Alice Rivlin

“The central bank needs to be able to make policy without short-term political concerns.”

– Ben Bernanke

“… from the standpoint of the overall economy, my bottom line is we’re watching it closely but it appears to be contained.

– Ben Bernanke, repeatedly, in 2007

“Would I say there will never, ever be another financial crisis? You know, probably that would be going too far, but I do think we’re much safer, and I hope that it will not be in our lifetimes, and I don’t believe it will be.”

– Janet Yellen, June 27, 2017

“My good friends, for the second time in our history, a British Prime Minister has returned from Germany bringing peace with honor. I believe it is ‘peace for our time.’ Go home and get a nice quiet sleep.”

– Neville Chamberlain, September 30, 1938

Photo: Monica Muller via Flickr

The way we assess problems depends on our perspective. People can look at the same set of facts and reach quite different conclusions based simply on their circumstances. This is why it’s good at times to get away from your normal environment. Listen to a wide variety of opinions. Read books outside of your comfort zone. You’ll see things differently when you return.

I had that feeling on returning to the US from Shane’s and my honeymoon in St. Thomas. We’re now officially married, and we thank everyone for the congratulations and kind wishes. I saw a little bit of news while we were there but spent more time just relaxing with my bride and reading books.

Re-entering the news flow was a jolt, and not in a good way. Looking with fresh eyes at the economic numbers and central bankers’ statements convinced me that we will soon be in deep trouble. I now feel that it’s highly likely we will face a major financial crisis, if not later this year, then by the end of 2018 at the latest. Just a few months ago, I thought we could avoid a crisis and muddle through. Now I think we’re past that point. The key decision-makers have (1) done nothing, (2) done the wrong thing, or (3) done the right thing too late.

Having realized this, I’m adjusting my research efforts. I believe a major crisis is coming. The questions now are, how severe will it be, and how will we get through it? With the election of President Trump and a Republican Congress, your naïve analyst was hopeful that we would get significant tax reform, in addition to reform of a healthcare system that is simply devastating to so many people and small businesses. I thought maybe we’d see this administration cutting through some bureaucratic red tape quickly. With such reforms in mind I was hopeful we could avoid a recession even if a crisis developed in China or Europe.

Six months in, the Republican Congress that promised to repeal and replace Obamacare, cannot even agree on the process. For six years they discussed what to do, and you would think they might at least have a clue …

Prepare for Turbulence should be read in full at Mauldin Economics

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  1. If we do do another major crisis, everyone wonders what will happen then.

    In this article, respected economist John D. Mueller tells me he believes that we will eventually return to a gold standard after we try everything else and find it does not work:


    Mr. Mueller was a participant in the Kemp forum on the US dollar held in April this year in Washington DC. Also at that forum were Dr. Judy Shelton and Dr. Warren Coats. I am advised by email that there is some interest in trying to get all these experts together to discuss how we can best reform the monetary system. So all this will be worth watching.

    • The date is February 21, 1871 and the Forty-First Congress is in session. I refer you to the “Acts of the Forty-First Congress,” Section 34, Session III, chapters 61 and 62. On this date in the history of our nation, Congress passed an Act titled: “An Act To Provide A Government for the District of Columbia.” This is also known as the “Act of 1871.” What does this mean? Well, it means that Congress, under no constitutional authority to do so, created a separate form of government for the District of Columbia, which is a ten mile square parcel of land.

      The Congress realized our country was in dire financial straits, so they cut a deal with the international bankers — (in those days, the Rothschilds of London were dipping their fingers into everyone’s pie) thereby incurring a DEBT to said bankers. If we think about banks, we know they do not just lend us money out of the goodness of their hearts. A bank will not do anything for you unless it is entirely in their best interest to do so. There has to be some sort of collateral or some string attached which puts you and me (the borrower) into a subservient position. This was true back in 1871 as well. The conniving international bankers were not about to lend our floundering nation any money without some serious stipulations. So, they devised a brilliant way of getting their foot in the door of the United States (a prize they had coveted for some time, but had been unable to grasp thanks to our Founding Fathers, who despised them and held them in check), and thus, the Act of 1871 was passed.

      In essence, this Act formed the corporation known as THE UNITED STATES. Note the capitalization, because it is important. This corporation, owned by foreign interests, moved right in and shoved the original “organic” version of the Constitution into a dusty corner. With the “Act of 1871,” our Constitution was defaced in the sense that the title was block-capitalized and the word “for” was changed to the word “of” in the title. The original Constitution drafted by the Founding Fathers, was written in this manner:

      “The Constitution for the united states of America”.

      The altered version reads: “THE CONSTITUTION OF THE UNITED STATES OF AMERICA”. It is the corporate constitution. It is NOT the same document you might think it is. The corporate constitution operates in an economic capacity and has been used to fool the People into thinking it is the same parchment that governs the Republic. It absolutely is not.

      Capitalization — an insignificant change? Not when one is referring to the context of a legal document, it isn’t. Such minor alterations have had major impacts on each subsequent generation born in this country. What the Congress did with the passage of the Act of 1871 was create an entirely new document, a constitution for the government of the District of Columbia. The kind of government THEY created was a corporation. The new, altered Constitution serves as the constitution of the corporation, and not that of America. Think about that for a moment.

      Incidentally, this corporate constitution does not benefit the Republic. It serves only to benefit the corporation. It does nothing good for you or me — and it operates outside of the original Constitution. Instead of absolute rights guaranteed under the “organic” Constitution, we now have “relative” rights or privileges. One example of this is the Sovereign’s right to travel, which has been transformed under corporate government policy into a “privilege” which we must be licensed to engage in. This operates outside of the original Constitution.

      The UNITED STATES government is basically a corporate instrument of the international bankers. This means YOU are owned by the corporation from birth to death. The corporate UNITED STATES also holds ownership of all your assets, your property, and even your children. Does this sound untrue? Think long and hard about all those bills you pay, all those various taxes and fines and licenses you must pay for. Yes, they’ve got you by the pockets. Actually, they’ve had you by the ass for as long as you’ve been alive. In your heart, you know it’s true. Don’t believe any of this? Read up on the 14th Amendment. Check out how “free” you really are.

      With the Act of 1871 and subsequent legislation such as the purportedly ratified 14th Amendment, our once-great nation of Sovereigns has been subverted from a Republic to a democracy. As is the case under Roman Civil Law, our ignorance of the facts has led to our silence. Our silence has been construed as our consent to become beneficiaries of a debt we did not incur. The Sovereign People have been deceived for hundreds of years into thinking they remain free and independent, when in actuality we continue to be slaves and servants of the corporation.

      Treason was committed against the People in 1871 by the Congress. This could have been corrected through the decades by some honest men (assuming there were some), but it was not, mainly due to lust for money and power. Nothing new there. Are we to forgive and justify this crime against the People? You have lost more freedom than you may realize due to corporate infiltration of the so-called government. We will lose more unless we turn away from a democracy that is the direct road to disaster — and restore our Constitutional Republic.

      In an upcoming article, we’ll take a closer look at the purportedly ratified 14th Amendment and how we became “property” of the corporation and enslaved by our silence.

      I am saddened to think about the brave men and women who were killed in all the wars and conflicts instigated by the Controllers. These courageous souls fought for the preservation of ideals they believed to be true — not for the likes of a corporation. Do you believe that any one of the individuals who have been killed as a result of war would have willingly fought if they knew the full truth? Do you think one person would have laid down his life for a corporation? I think not. If the People had known long ago to what extent their trust had been betrayed, I wonder how long it would have taken for another Revolution. What we need is a Revolution in THOUGHT. We change our thinking and we change our world.

      Will we ever restore the Republic? That is a question I cannot answer yet. I hope, and most of all — pray — that WE, the Sovereign People, will work together in a spirit of cooperation to make it happen in this lifetime. I know I will give it my best shot — come what may. Our children deserve their rightful legacy — the liberty our ancestors fought so hard to give to us. Will we remain silent telling ourselves we are free, and perpetuate the MYTH? Or, do we stand as One Sovereign People, and take back what has been stolen from the house of our Republic?

      Something to think about — it’s called freedom.

    • Prior to 1913, most Americans owned clear, allodial title to property, free
      and clear of any liens or mortgages until the Federal Reserve Act (1913)
      “Hypothecated” all property within the federal United States to the Board of
      Governors of the Federal Reserve, -in which the Trustees (stockholders) held
      legal title. The U.S. citizen (tenant, franchisee) was registered as a
      “beneficiary” of the trust via his/her birth certificate. In 1933, the
      federal United States hypothecated all of the present and future properties,
      assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to
      the Federal Reserve System.

      In return, the Federal Reserve System agreed to extend the federal United
      States corporation all the credit “money substitute” it needed. Like any
      other debtor, the federal United States government had to assign collateral
      and security to their creditors as a condition of the loan. Since the
      federal United States didn’t have any assets, they assigned the private
      property of their “economic slaves”, the U.S. citizens as collateral against
      the un-payable federal debt. They also pledged the unincorporated federal
      territories, national parks forests, birth certificates, and nonprofit
      organizations, as collateral against the federal debt. All has already been
      transferred as payment to the international bankers.

      Unwittingly, America has returned to its pre-American Revolution, feudal
      roots whereby all land is held by a sovereign and the common people had no
      rights to hold allodial title to property. Once again, We the People are the
      tenants and sharecroppers renting our own property from a Sovereign in the
      guise of the Federal Reserve Bank. We the people have exchanged one master
      for another.

      This has been going on for over eighty years without the “informed
      knowledge” of the American people, without a voice protesting loud enough.
      Now it’s easy to grasp why America is fundamentally bankrupt.

      Why don’t more people own their properties outright?

      Why are 90% of Americans mortgaged to the hilt and have little or no assets
      after all debts and liabilities have been paid? Why does it feel like you
      are working harder and harder and getting less and less?

      We are reaping what has been sown, and the results of our harvest is a
      painful bankruptcy, and a foreclosure on American property, precious
      liberties, and a way of life. Few of our elected representatives in
      Washington, D.C. have dared to tell the truth. The federal United States is
      bankrupt. Our children will inherit this un-payable debt, and the tyranny to
      enforce paying it.

      America has become completely bankrupt in world leadership, financial
      credit and its reputation for courage, vision and human rights. This is an
      undeclared economic war, bankruptcy, and economic slavery of the most
      corrupt order! Wake up America! Take back
      your Country.”

      is hitting the Socialist CFR/TC and the Communist UN where it hurts! LMsr.  ]

      Image: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

      Added by: Chester L McWhorter Sr: Forming the Federal Reserve System are the
      primary Federal Reserve “Banks” of: Boston, New York, Philadelphia,
      Cleveland, Richmond, Atlanta, Chicago, St Louis, Minneapolis, Kansas City,
      Dallas, and San Francisco. These banks are not real banks..you cannot cash a
      check there, open an account, etc. These “banks” are also holding companies
      of smaller banks.
      In all of this discussion about income tax, we should be ever mindful of the
      fact that CONGRESS is the key. CONGRESS votes to spend the money.  Congress
      gives the IRS its power.  Congress gives the IRS its OWN budget. Congress is
      elected by the people. The IRS is A DECOY.

    • Subject:  .The Bankruptcy of The United States
      United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
      Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

      “Mr. Speaker, we are here now in chapter 11.. Members of Congress are
      official trustees presiding over the greatest reorganization of any Bankrupt
      entity in world history, the U.S. Government. We are setting forth
      hopefully, a blueprint for our future. There are some who say it is a
      coroner’s report that will lead to our demise.

      It is an established fact that the United States Federal Government has
      been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
      Public Law 89-719; declared by President Roosevelt, being bankrupt and
      insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint
      Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
      dissolved the Sovereign Authority of the United States and the official
      capacities of all United States Governmental Offices, Officers, and
      Departments and is further evidence that the United States Federal
      Government exists today in name only.

      The receivers of the United States Bankruptcy are the International
      Bankers, via the United Nations, the World Bank and the International
      Monetary Fund. All United States Offices, Officials, and Departments are now
      operating within a de facto status in name only under Emergency War Powers.
      With the Constitutional Republican form of Government now dissolved, the
      receivers of the Bankruptcy have adopted a new form of government for the
      United States. This new form of government is known as a Democracy, being an
      established Socialist/Communist order under a new governor for America. This
      act was instituted and established by transferring and/or placing the Office
      of the Secretary of Treasury to that of the Governor of the International
      Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part:
      “The U.S. Secretary of Treasury receives no compensation for representing
      the United States.”

    • For those unfamiliar with the term, “allodial title” means that the land so owned is free and clear of any and all encumbrances, including any tax that otherwise would be owed to any form of government, whether local, state, or national.  Since such a form of title defeats the loot and pillage approach that is so dear to the hearts (?) of the thieves in government, it HAD to go… and it has.

      Instead, we now have VAST tracts of land owned by the US Gov and without any constitutional authority whatever to do so.


  2. more fear porn, stick to the basics, buy more silver and gold phyzz. I enjoy holding the shiny in my strong hands!  Having bar-b-que on the porch this afternoon with a Shiner beer, life is good. Stacking the shiny till the cows come home.

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