Ukraine is the Waterloo event for the USDollar.
Ukraine is the Waterloo event for the USDollar.
Is the U.S. economy steamrolling toward another recession? There are an increasing number of indications that we are rapidly plunging into another major economic slowdown.
While it appears that Putin may have already initiated sanctions against the US with the halting of Russian ammunition exports to the US, let us hope that a full-blown economic war between the United States and Russia is averted. Our economy is hurting enough as it is.
But no matter how things with this crisis in Ukraine play out, it looks like hard times are ahead for the U.S. economy. Unfortunately, most Americans never learned the lessons that they should have learned back in 2008.
They just assume that the federal government and the Federal Reserve have fixed our problems and have everything under control, so they are not preparing for the next great crisis.
In the end, tens of millions of Americans will be absolutely devastated when they get absolutely blindsided by what is coming.
The following are the top 12 signs that the U.S. economy is heading toward another recession…
Economist John Williams says if Russia sells its U.S. dollar holdings it could trigger hyperinflation. Could it collapse the financial system? Williams contends, “Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion dollars in cash or near cash. That’s about the same size as our GDP. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can. We have not seen an economic recovery. We have not seen a return of health to the banking system. So the system is very vulnerable and if the Russians carry through with their threat, you have indeed the risk of it collapsing the system.”
On the overall economy Williams says, “It is rolling over and the numbers are starting to show we are starting into a new recession. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
The situation in the Ukraine is potentially one of the greatest geopolitical risks since the end of the Cold War.
A senior adviser to Putin said this morning that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off loans to U.S. banks. [Read more...]
In this excellent interview with Jim Goddard, David Smith, senior analyst for The Morgan Report discusses the economic collapse of Argentina, and warns investors that what they are witnessing in the South American country is coming to the US.
Smith has recently spent several weeks in Argentia and witnessed the ravages of currency devaluation firsthand as Argentina devalued the Peso once again against the dollar.
Smith states that the inflation induced hoarding is intensifying in Argentina, and that while the US dollar has been strengthening recently vs. other fiat currencies, an Argentina-like fiat collapse is coming to the US in the next few years.
David Smith’s full interview on his first-hand experience of the Argentinian Peso collapse is below:
Economic and political writer Brandon Smith thinks America is in deep financial trouble, and the Fed knows it.
Smith contends, “At the end of last year, I brought up the prospect to the alternative economics community that the ‘taper’ was real, that the Fed would start cutting QE stimulus. I received a pretty negative response from that concept, which is understandable because a lot of people in alternative economics and the liberty movement are focused on the concept of hyperinflation through printing. I am pointing out through my articles on ‘taper’ that there is more than one way to kill the dollar. It’s not just about printing. There is also the issue about debt default and how that can kill the dollar’s world reserve status and kill the dollar’s value in the process. So, the ‘taper’ is a huge part of that process of debt default.”
Smith goes on to say, “I find it interesting the Federal Reserve institutes the ‘taper’ just before we saw major downturns in global manufacturing. The Baltic Dry Index is starting to crash again. We’re starting to see trouble in emerging market currencies.
When we look at US broad money supply, we should be aware there is a further mountain of money thirteen times as big ultimately based on the dollar.
The last crisis was just the banks. This time we are looking at a potential popping of a full-blown global currency bubble, which was generated as the solution to the last crisis. And this new bubble is all supported on an inflated US monetary base of $3.8 trillion. That’s a bubbly gearing of nearly 40 times, or 163 times the monetary base on the eve of the Lehman crisis. [Read more...]
The wall of fiat money created over the last five years is staggering, offset only by the stasis that pervades its exchange. Money velocity is the key variable that will signal the character of confidence and the next wave of inflation.
We’ve created a thousand 100 year storms that threaten the entire global economic system. The movement of this money into the depressed conditions that (unknowingly) await its arrival will leave no one untouched.
The time for life boats is now – while the storm can be contemplated, the energy observed, and the acceleration is calm.
The world will continue its printing experiment and we may look like the cleanest shirt for a while – as long as confidence and brainwashing can hold.
The storm has been created. The time needed for it to arrive is what we should be most concerned about. Acceleration will happen when it comes closer to shore.
Silver and gold, of course, will float along with the rising tide.
The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.
The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]
Before 1971 the US dollar was pegged to gold, and foreign countries held dollars in reserve because the US had promised they were “as good as gold”.
The dollar came under pressure because the US money supply grew, but they insisted to keep the gold price at $35. Many European countries were redeeming their dollars for gold, because the dollar was overvalued relative to gold.
By the end of the 1970′s currency war, the dollar had lost more than 50 % of its value in 1981. Devaluation can be a short term fix but, but causes long term problems. [Read more...]
Trends Forcaster Gerald Celente joins Sprott’s Ask the Expert for this excellent interview on the Fed, the economy, and the markets. Celente states that the Fed’s premature tapering will kill the economy and crash the markets:
The tapering’s going to kill the economy. It’s already doing it. Emerging markets have had their worst opening of the year in history. You’re looking at the Asian markets plummeting despite all the dough that Abe over in Japan pumped into the system. Yeah, the stock market went up 57 percent last year. It’s down now 14 percent this year.
This is a big Ponzi scheme. When they can’t pump money in, the economy goes down. The only thing everybody knows that watches these things and pays attention to them is that the only reason that the global economy rebounded at any level is because of all of the tens of trillions of dollars that they were pumping in. Now, you’re seeing interest rates are going up around the world with the tapering.
The emerging markets are crashing. The Asian markets are way, way down. And, the US market’s having a terrible beginning of the year, too. It’s not a happy New Year. So, no, it’s only going to get worse.
Celente’s full MUST LISTEN interview is below: [Read more...]
If you have been waiting for the “global economic crisis” to begin, just open up your eyes and look around.
The massive economic problems that are currently sweeping across Europe, Asia and South America are going to be affecting all of us here in the U.S. very soon.
After a brief period of relative calm, we are beginning to see signs of global financial instability that are unlike anything that we have witnessed since the financial crisis of 2008. As you will see below, the problems are not just isolated to a few countries. This is truly a global phenomenon. [Read more...]
Former World Bank Senior Counsel and whistleblower Karen Hudes has an amazing revelation about secret U.S. gold.
Hudes says, “We’ve been offered, the United States, 170,500 metric tons of gold on deposit in the bank of Hawaii to underpin our currency which is about to crash. The Federal Reserve Notes are unconstitutional, and we don’t have to pay interest on our debt, and we don’t have to have debt for that matter.”
What does Hudes say to her skeptics that doubt her story of 170,500 tons of gold in Hawaii? Hudes says, “I say you are totally kept in the dark and that the mainstream media is controlled by this network of control that is totally documented by the Federal Institute of Technology. You really ought to chide yourself that you are deliberately kept in the dark. So, you shouldn’t be surprised that the world’s wealth is hidden from you when so much else is hidden from you.”
If an ice storm can cause this much panic in our major cities, what will a real crisis look like? The biggest news story in the United States right now is the “historic ice storm” that is hammering the South. Travel will be a nightmare, schools and businesses will be closed, and hundreds of thousands of people will lose power. In fact, it is being projected that some people could be without power for up to a week. But at the end of the day, the truth is that this ice storm is just an inconvenience. Yes, the lives of millions of Americans will be disrupted for a few days, but soon the ice will melt and life will be back to normal. Unfortunately, it doesn’t take much for people to start behaving like crazed lunatics.
As you will see below, the winter weather is causing average Americans to ransack grocery stores, fight over food items and even pull guns on one another. If this is how people will behave during a temporary weather emergency, how will they behave if the financial system crashes, stores are empty, and the just in time supply chain is broken indefinitely? [Read more...]
Today, more than 10,000 Baby Boomers will retire. This will continue day after day, month after month, year after year until 2030. It is the greatest demographic tsunami in the history of the United States, and we are woefully unprepared for it. We have made financial promises to the Baby Boomers worth tens of trillions of dollars that we simply are not going to be able to keep.
Even if we didn’t have all of the other massive economic problems that we are currently dealing with, this retirement crisis would be enough to destroy our economy all by itself.
The following are 22 hard facts about the demographic tsunami that could destroy the US economy: [Read more...]