Eric Sprott: The Great Non-Recovery

fiscal cliffWe are now in the 5th year since the “official” end of the Great Recession.   Numerous indicators of the state of the U.S. economy point to a non-recovery:

  • The participation rate is low and supported by baby boomers working more or coming out of retirement.
  • Students (the future labour force) are defaulting on their loans in record amounts.
  • Disposable income is still below its pre-recession level.
  • An ever increasing share of disposable income is being spent on health care, crippling discretionary spending.
  • Higher interest rates are further depressing discretionary spending (home and auto sales).
  • All of which is resulting in anemic business and economic activity.

Claims that the U.S. economy is suddenly rebounding have been made before. They are misleading at best and fallacious at worst. It would not be surprising to see further deterioration, which would force central planners to initiate additional unconventional intervention (i.e. Quantitative Easing). [Read more...]

Economic Collapse is Inevitable, But is it Imminent?

Future Money Trends’ Daniel Ameduri joins Finance & Liberty’s Elijah Johnson to discuss the absolute destruction of the US middle class, and the coming economic collapse that will completely obliterate what is left of the middle class and those unprepared with physical assets.
Ameduri discusses his views on while an economic collapse in the US is inevitable, is it imminent?   [Read more...]

Preview of an Economic Collapse? Atlanta Grocery Stores Ransacked, Guns Pulled Ahead of Snow Storm

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...]

Why Are Banking Executives In London Killing Themselves?

JPMorgan Tower In London - Photo by Danesman1Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, EnglandA vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor.  He fell more than 500 feet, and it is being reported by an eyewitness that “there was quite a lot of blood“.  This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday.  So why is this happening?  Yes, the markets have gone down a little bit recently but they certainly have not crashed yet.  Could there be more to these deaths than meets the eye?  [Read more...]

Greg Hunter: Economic Collapse Within a Year – PREPARE NOW!

snapIn this interview with Finance & Liberty’s Elijah Johnson, Greg Hunter discusses:
-Germany’s top financial regulator says that precious metals manipulation is worse than the LIBOR rigging scandal
- The Federal Reserve has NO GOLD
- Those in Washington Know We Are Headed Towards ECONOMIC Crisis
– China buying up economic power from the United States?
- Current crisis is threatening our personal liberties
- Financial collapse will occur within a year, “This is a mathematical calculation that we’re headed for another financial calamity [Read more...]

Two Powder Kegs Ready to Blow: China & India

eplosive gold rallyOn the ground, China and India are both powder kegs awaiting a spark for the same reason: systemic corruption in every nook and cranny of both nations. The conventional rose-colored view is that corruption will inevitably decline with modernization and economic growth.
All this systemic corruption is accepted as long as the conveyor belt of wealth is moving: that the previous political Plutocracy skimmed their $4 trillion and absconded with their ill-gotten gains is OK to their replacements, as long as there is another $6 trillion to be skimmed.
The problem is there isn’t another $6 trillion to be skimmed. It has taken an enormous credit bubble of $23 trillion plus the monumental credit expansion of the shadow banking system in China to enable the skimming of $6 trillion by the political/financial Plutocracy.
This $23 trillion credit bubble is roughly twice the size of China’s entire GDP ($12 trillion). That this credit bubble is generating less return in the real economy is obvious–diminishing returns have set in with a vengeance.
The revolution never starts with the oppressed peasantry–it starts with the bourgeois who bought the fantasy of another $6 trillion to be skimmed and credit bubbles/ real estate valuations that never go down.
The spark that ignites the powder keg cannot be predicted or suppressed.

[Read more...]

Deepcaster: Climacterics Now

gold MSM MopeDevelopments since January 8 verified the Reality of what we have been claiming for weeks, a Market Moving Truth denied publicly by major governments and much of the Main Stream Media – the fact that the Economy is not recovering.
Massive Climacterics such as Equities and $US and US T-Bond Tops and Gold and Silver bottoming, are developing. Savvy investors should consider putting on long Gold, Silver and Miners positions such as the ones we have recommended.
Those who recognize and take advantage of these Climacterics are likely to substantially Profit. [Read more...]

Doug Casey: “We’re Extremely Close To The Edge of The Precipice!”

Doug Casey on the state of the US financial system as 2014 begins:

We’re really close to the edge of the precipice again. I like to use the analogy of what started in 2007 as being a gigantic economic hurricane, and we went through that in 2008 and part of 2009 and since then, we’ve been in the eye of the storm…which has been quite wide because it’s a gigantic hurricane, but I think we’re coming out the other side now.
This crisis is going to be much more serious than it was back in 2008 and 2009, and it’s going to last much longer and it’s going to be much different.” [Read more...]

Gerald Celente’s 2014 Forecast: Rising Gold, Financial Panic, Economic Collapse, & War

eplosive gold rallyGerald Celente is one of the world’s top trends researchers.  His top trends in 2014 start with the Middle East.  Iran, Syria, Egypt, Israel, Yemen and Turkey are just a few of the countries facing big problems.  Celente exclaims, “You just keep going around the Middle East, it’s total turmoil.”  Will there be war in the Middle East in 2014?  Celente says, “I thought it would have happened last year; but, then again, there are wild cards.”  On the economy, Celente predicts, “Interest rates are going to go up. . . . When interest rates go up, the economy is going down—period.”  Celente goes on to say, “I think they are going to institute more tapering, and it’s going to create a financial crisis worldwide.”  On gold, Celente predicts, “Then they’re going to dump more dough into the system.  When that happens, that’s when you’re going to see the real panic start to happen. . . . You’re going to see a rise in gold prices that’s going to eclipse the last one.”  In Asia, Celente points out, “Things are heating up between China and Japan.  If that thing goes into a war, it’s a whole new game.”  Celente predicts, “Absent the war card, I think we will see a financial crisis before the end of the second quarter of 2014.”   [Read more...]

The Insiders Are Now Preparing For The Economic Collapse

collapseAre insiders preparing now for the economic collapse? [Read more...]

Your Financial Survival Depends on Gold & Silver

economic collapseThe United States is crumbling from within, engaging in self-destruction.  It has been helped, actually intentionally directed by what we call the New World Order, those elitists who control the entire Western banking system.  It has been the purpose of the moneychangers to overtake and destroy from within the capitalistic United States.  That plan has succeeded.  The New World Order has been in direct charge of the United States since 1933, when the US went bankrupt, shutting down the entire banking system and reopening it with the privately owned, [by the elites], Federal Reserve in charge.
The one asset no banker can control or diminish in value is gold and silver.  Both metals are the wooden stake in the heart of all fiat.  The answer, at least for us, as to why there has been such a disparity between ever-increasing world demand for gold and silver, and ever decreasing price levels for the past few years, is the control which the financial elites exert over all Western governments.
The US is at the end game of its survival.  Those who are buying, accumulating, and personally holding physical gold and silver stand the best chance for economic survival when and as the US  “dollar” is devalued and the financial system collapses. [Read more...]

15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble

BubbleOne of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.”  But you don’t have to be a Nobel Prize winner to see what is happening.  It should be glaringly apparent to anyone with half a brain.  The financial markets have been soaring while the overall economy has been stagnating.  Reckless injections of liquidity into the financial system by the Federal Reserve have pumped up stock prices to ridiculous extremes, and people are becoming concerned.  In fact, Google searches for the term “stock bubble” are now at the highest level that we have seen since November 2007.  Despite assurances from the mainstream media and the Federal Reserve that everything is just fine, many Americans are beginning to realize that we have seen this movie before.  We saw it during the dotcom bubble, and we saw it during the lead up to the horrible financial crisis of 2008.  So precisely when will the bubble burst this time?  Nobody knows for sure, but without a doubt this irrational financial bubble will burst at some point.  Remember, a bubble is always the biggest right before it bursts, and the following are 15 signs that we are near the peak of an absolutely massive stock market bubble… [Read more...]

Is An Economic Collapse on the Doorstep?

Jim Willie collapseSociety’s veneer is down to rice paper. After Christmas, it’ll be gossamer.
So what happens when interest rates revert to reality and spike up, destroying even the ability to pretend all is well? 
That’s when the fun starts. [Read more...]

GERALD CELENTE: Possibility for Final US Economic Collapse in March-June 2014!

CelenteGerald Celente joins our friends at the SGTReport to discuss the possibility of a March-June 2014 U.S. economic collapse. Celente says, “Look at the facts, they’re rigging the Forex, that’s $5.5 TRILLION per day being traded! They’ve rigged the LIBOR rates, the interest rates … it’s larceny. It will take a crisis to get these things to unravel, and this time they’re running out of games on how to fix it.” Gerald says, “At some point they’re going to have to stop unraveling this money pool they’ve been filling up.
In several moments of pure, unadulterated candor the Trends Journal founder lays our nation’s problems bare, “You’re seeing fascism with the BANKS taking over the country. The ENTIRE system is rotted. We have to get rid of the political parties that have DESTROYED this nation. The people have to mobilize, NO political parties. People that vote for Democrats and Republicans are voting for more war, more raping of our Constitutional rights and more degradation of the human spirit. How much more proof do they need? …It’s a criminal operation.” [Read more...]

SURVIVING THE COLLAPSE

economic collapseHow will you survive the coming collapse? Whether it’s the destruction of the environment that causes a collapse in our way of life, or an economic collapse, or a combination of the two – we all need to prepare for worst case scenarios. Mike and Brad from Full Spectrum Survival join the SGTReport to discuss strategies to combat Fukushima radiation, how to survive killer storms, and even how to deal with the eugenics-like ramifications of Obamcare. [Read more...]