“A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans…”

 

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Submitted by Jeff Berwick, The Dollar Vigilante

Last year, we were the first financial site to explain how the Shemitah seven-year cycle would have an important and disastrous effect on the markets. The Shemitah ended in the third quarter of last year and just as we predicted, it was the worst quarter in worldwide stock markets since the last Shemitah in 2008.

Since then we have been the leader in explaining further Shemitah trends embedded in the once-every-49-year, Jubilee Year.  The Jubilee Year ends on October 2nd of this year, and we expect even worse events to occur as October approaches.

Now, famous investor, Jim Rogers, has just released a new warning saying the same. He is even using biblical references to warn of a financial tsunami that could take place either this year or next.  He has just said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.

Rogers co-founded the Quantum Fund with George Soros in the early 1970s. The fund generated returns of 4,200 percent over 10 years and made fortunes for both men.  Soros and Rogers, having worked together for so long, probably both have access to information the regular person doesn’t. Soros recently was in the news for shorting the stock market and making gold bullion his largest held asset and predicting an impending crisis.

Now, just this week, Jim Rogers has said the same and was quite outspoken about how it was written in the Bible.  He referred to a biblical quote from the Book of Joshua: “You are under a curse now. You will always be servants. You will be woodcutters and water carriers for the house of my God.”

Jim Rogers Coming Economic Collapse Could Destroy More than 68 trillion 2 - The Dollar Vigilante

Silver Eagle SD Bullion

The amount of people predicting an imminent collapse is getting larger and larger!  Especially considering that it was less than a year ago that we were almost alone in talking about it.  Carl Icahn, Stanley Druckenmiller and Soros himself, to name a few have now come to similar conclusions. Each of these individuals has placed significant funds in gold and gold-related securities. Soros has gone so far as to actively short the stock market. Their messages are similar to Rogers who sees economic turmoil descending that will  actually bankrupt whole nations.

Rogers believes the situation is much worse than 2008, when major economies had dollar resources in reserve. Those countries like China and Japan have spent down much of their reserves. Thus, it won’t just be the US or Europe that suffers from the next wave of market insolvency: This time the entire world is going to be relatively helpless. There are not going to be patches of prosperity as in 2008.

He predicts that the UK will “collapse” while countries like Italy will face bankruptcy. He has pointed out that stock market breadth began to contract in the middle of 2014 and hasn’t ceased.  This calls for the only remedy that Wall Street knows: additional money printing.

But right now the Fed is trying to move in the opposite direction, toward tightening. What central bank officials see as “recovery,” however, is merely the result of artificial money printing and debt expansion. The looming disaster that is about to hit is imminent because in the US “recoveries” don’t last more than seven years at the outside.

Rogers’ perception that the upcoming catastrophe has a historical/Biblical element reminds us of statements by a top executive for the International Bank for Settlements, William White. We quoted him HERE, as follows:

“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians. The next task awaiting the global authorities is how to manage debt write-offs – and therefore a massive reordering of winners and losers in society – without setting off a political storm …”

Rogers has stated that $68 trillion could be wiped off the Earth and we would tend to agree. This is the End Of The Monetary System As We Know It (TEOTMSAWKI). It will result in life as we know it changing forever.

And, it’s all been planned.  If you haven’t seen our video exposing the elite Jubilee strategy  to completely reorder the world, perhaps as soon as this coming October you should see it immediately.  You can see it HERE.

There is probably not much more time to prepare. Given what is now being predicted by billionaires and investment gurus alike, if you aren’t ready now it may soon be too late.

We’ve already made massive gains for subscribers by seeing things ahead of the crowd. We’ll likely make even bigger ones in the future. That’s important because we’re going to need all the resources we can get when things get really bad. Surviving a biblical collapse is not going to be easy for anyone.  There is no road map for something like this.

But, we’ve been ahead of the curve in figuring out what is coming. We’ve been ahead of the curve in coming up with innovative ideas, information and solutions to help you protect yourself and your family.  You can get access to all our resources, information and advice by subscribing to The Dollar Vigilante newsletter (click here for more).

I’ve been called crazy more than anyone I’ve ever known, or even heard about.

I was called crazy for saying the internet would revolutionize the world in 1993, before most even knew what it was.  I was called crazy for quitting my job at a bank to start an internet company in 1994 that rose to a high of $240 million.  I was called crazy for saying the US housing market would collapse in 2005.  I was called crazy for starting The Dollar Vigilante in 2010 predicting a US dollar and worldwide fiat currency collapse within a decade (now the fastest growing financial newsletter in the world).  I was called crazy for saying bitcoin would change how money operates when it was $3 in 2011 (currently at $450).

I was called crazy last summer when I said we are incredibly close to outright collapse of a scope never before seen.

Now, George Soros, Jim Rogers, Stanley Druckenmiller, Carl Icahn and the BIS’ William White are just as crazy as me.

Or maybe we aren’t crazy at all.

Buy Silver Coins and Bars at SDBullion

Jeff BerwickAnarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences including his own,Anarchapulco, as well as regularly in the media including CNBC, CNN and Fox Business.

 

 

 

  1. Nope…. You ARE crazy.  GBS says so.  Also, He’s sick and tired of all the PM hype and fear mongering.  didn’t you get the memo?  (sips coffee) yep… all is right in the world, nothing to see here…

    (presses play & some marley begins strumming) “Everythings gonna be alright..”

    (Shamus begins modifying his new AK…..Sips Coffee ‘every-thin….gonna be alright’…)

     

    • MFL,

      You would think that the last time the Fed threatened to raise rates and did just a little, actually 13 basis points and not 25, that the metals did not plunge down any where near what we are seeing now. Huh?

  2. Ever stopped and asked your ownself  how many predictions here on The Doc have materialized? Huh? I have only been on The Doc now for going over 5 years and damn if I can remember just one. If I forgot one or any enlighten me please.

  3.  Take the bowtie away and what’s left is just another talking head that hasn’t got it right in thirty years. I watched Jim Rogers for decades on TV, and really all he has to say is some variant of: “The Fed’s printing money.” Over and over again he says, “Those boys down at the Fed are printin’ a lot of money.” I have a gut feeling that if he didn’t have the bowties no one would pay attention.
     

  4. EEEE Gad !!! This house of cards will fall. Its obvious the world is gearing towards WW3. Something big is brewing. I believe the Bible , it talks about a Beast sys where you will not buy or sell without a mark. So the dollar will not be the world reserve currency. I believe we are in the beginning stages of a war thats gonna change the world. Rev 9:13-21.

  5. As far as a war with anyone of USA choice, the US Military at this point would be lucky to fight and survive a gang war with an East L A gang. The Air Force and Marines have problems getting parts for aircraft and other Tonka Toys. Pilots in the Air Force have been cut to 4 hours Fly Time per week rather than the ordinary 30 required and a lot of Pilots are simply leaving their career. The U S arsenal of bombs, bullets and Maxi Pads are lowest in war history. Still Insane McCain insists we fight somebody. Maybe go and start a war with Delaware? Reckon?

  6. Jeff Berwick has nothing relevant to say and SilverDoctors knows this so why are they posting Jeff Berwick articles?  If Jim Rogers has something pertinant to say why are we getting the information second hand from a source that has proven to be so unreliable?  Nothing.  Absolutely nothing that Jeff Berwick has to say is credible or reliable.  Why doesn’t Silver Doctors post first hand information showing Jim Rogers making these predictions?  Probably because this doesn’t exist.  If it exists then please, silverdoctors.  Please post the interview where Jim Rogers says what this foolish article says he says.  You can’t.  That’s what I thought.

  7. I personally think that there are actually about 680 trillion in derivatives floating around out there,…!!?

    …and 68 trillion is (obviously) only one measly percent of my humble estimate.

    And (hence Tinfoiler predicts) that we could easily triple that number…I say upwards of 3% of all derivatives will be wiped out.!

    I call a derivatives loss of 204 trillion…(pppffffftttt …gone wit da wind)

    (fiat, 27 yrs, avg)

  8. This article is so absolutely wretched. Regardless of whether or not YOU think the statements presented in this article are accurate, there is no citing of sources, and there are no links to primary sources. Can you find one audio clip of Jim Rogers in this entire article? Is there any real evidence of Jim Rogers actually having said these things? Is there any link to an actual interview with Jim Rogers having issued this, “warning.” For instance, one of the links takes you to Bill Holter’s section of Silverdoctors.com, nothing at all to do with Jim Rogers. This is really low, guys.

    Now, I see this article pasted all over the internet. It’s really an embarrassment. I can appreciate what Jeff Berwick did with Luke Rudkowski in Venezuela, but this is beyond the pail, and what’s perhaps worse is that nobody until me has mentioned how terribly written and strewn together this article really is. You all have slopped it up like it’s from a feeding trough. It’s as if it is just a bunch of assertions with no hard evidence of the warning’s having been issued. Please link me to the actual warning if such a warning exists, otherwise, this article really does not make the grade in any way, shape or form.

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