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  • #44177
    Profile photo of 74
    74
    Survivalist
    rnews

    Another siren warning of economic downturn.
    “Only 142K Jobs Added In September Zero Wage Growth”

    http://www.zerohedge.com/news/2015-10-02/payrolls-disaster-only-142k-jobs-added-september-zero-wage-growth-august-revised-muc

    And in a related article: Record 94,610,000 Americans Not in Labor Force; Participation Rate Lowest in 38 Years http://www.cnsnews.com/news/article/susan-jones/record-94610000-americans-not-labor-force-participation-rate-lowest-38

    • This topic was modified 1 year, 10 months ago by Profile photo of 74 74.
    #44180
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Agree 74, I have read so many financial reports that all point to what has been happening in the stock market the last 30 day were it goes up one day and down the next day. This happen in 2007 to 2008 down turn. 2015 is doing the same and everyone is pointing to April to July of 2016 for the next big down turn in the markets and mortgage banking. They are all saying that the market will lose from 30 to 50% and the housing mortgage lose will be 2X the amount of 2008, about 2 Trillion dollar lose.

    #44188
    Malgus
    Malgus
    Survivalist
    member8

    The “crash” of 2008 never stopped – it simply went on a world tour, seeing the sights and stuff, until it decided it was time to get serious…

    The Fed has not stopped the Free Money ZIRP spigot since 2008 – they’re still inventing currency at “emergency” levels and funneling it directly to Wall Street. They get zero-interest ‘free’ currency – but you and me? Oh, us feebs have to pay interest on any loans we take out.

    Raising interest rates is a joke. They CAN’T, and they know it. The stock market would crater and the circle of free currency/bought and paid for members of congress/Fed would be broken… now we’re looking at NIRP – literally negative interest rates. For the little guy, this means you’ll have to literally pay the banks to “allow” you to have a bank account… you’ll end up with a net negative, since the ‘fees’ you’ll be paying will more than outweigh any puny ‘interest’ they happen to give you.

    Anyone who still keeps the vast majority of any currency they have in a bank is either ignorant, a fool or a chump. Yank whatever you can out of the banks and start buying PM’s and hard assets. Otherwise, you’ll wake up like the Greeks did awhile back and find more than half your savings just ‘gone’….

    The wicked flee when none pursueth..." - Proverbs 28:1

    #44189
    Profile photo of 74
    74
    Survivalist
    rnews

    There’s just all kinds of alerts going on:

    “Treasury Secretary Jacob J. Lew told Congress in a new letter that thanks in part to lower-than-expected quarterly tax receipts, the extraordinary measures to forestall breaching the debt limit, combined with the new revenues, will run their course just a week after the resignation of Speaker John A. Boehner, R-Ohio, takes effect.

    “Based on this new information, we now estimate that Treasury is likely to exhaust its extraordinary measures on or about Thursday, November 5,” Lew wrote in a letter to Boehner. “At that point, we could be left to fund the government with only the cash we have on hand, which we currently forecast to be below $30 billion. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion.”

    http://www.foxnews.com/politics/2015/10/01/treasury-secretary-says-congress-needs-to-act-on-debt-limit-by-nov-5/

    Markets are back at panic levels, says Credit Suisse. the U.S. economy may not even have grown 1% in the third quarter, according to the Atlanta Fed’s GDPNow tracker.”http://www.marketwatch.com/story/markets-are-back-at-panic-levels-says-credit-suisse-2015-10-02

    Bank Stocks Tumble as Jobs Report Threatens 2015 Rate Hike

    http://www.bloomberg.com/news/articles/2015-10-02/bank-stocks-tumble-as-jobs-report-threatens-2015-rate-hike

    #44196
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Yes 74 there are all type of alerts everywhere. This is a sign that we are getting closer to the collapse. Malgus is right to get your money out of the banks every time you get money paid to you get it out.

    Like I said it looks like 6 to 8 months is what everyone is saying.

    #44197
    Whirlibird
    Whirlibird
    Survivalist
    member10

    6-8 months, that’s better than 6-8 weeks.
    Time to put things in order then.

    #44199
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Whirlibird, They are seeing the same patterns of 2007 to 2008. The 2015 pattern of the stock market is almost the same by percent of the ups and downs and all looks like it is pointing to April to July of 2016.

    Remember that end 2007 to all of 2008 was a slow downward till it all fell apart. Well this one they same is 2 to 3 x bigger. They are saying the housing foreclosures will be more the 2x what happen in 2008.

    #44201
    Whirlibird
    Whirlibird
    Survivalist
    member10

    I remember all too well.
    An extra 6 months to get ready is not a bad thing.

    #44205
    Profile photo of GeorgiaSaint
    GeorgiaSaint
    Veteran
    member9

    We’re staring recession in the face? I am convinced that will turn out to be the understatement of the century. Collapse is not too strong. There is extensive material available below, and very well worth spending time on, if we really believe what we’re saying about conditions.

    And I would not count on ANY lead time. If we’re blessed with “business as usual” for the common man for a while, great. But assume it could happen tomorrow and you’ll be safer. Any number of things could trigger the tsunami that would occur, in the form of social, emotional, political, economic, and about every other kind of circumstance you can think of.

    Personally, I did not see us getting out of 2013 before the collapse came. I thought the manipulation of the markets would continue through the 2012 election, and that 2013 would be it – and I expected it to be early 2013, not later. Obama would have his big “mandate” {CHOKE!} and impose controls the likes of which we could only dream (as in “nightmares”). But it didn’t come, because of manipulation on a scale not even understood by probably anyone (even not fully by those doing it).

    I don’t know why they’re still manipulating, personally – can’t figure that one out. Perhaps they just want to get Obama out of office first, so it doesn’t happen on his watch. I really have no idea. But the house of cards “shouldn’t” have lasted this long as it is. If you read John Williams’ Shadow Stats web site, you’ll see he originally wrote an extensive paper calling for (and fully justifying) the collapse timing by the end of the decade (2018-2019 at the latest), and moved that up to 2014. He was quite surprised that it didn’t happen last year. But the conditions remain in place, he says (as we can clearly see here). I can’t find another explanation that makes more sense than his, and he’s certainly got credentials that stack up well to anyone else’s. Here’s what he said last year (a small part of just the intro is copied below):

    The forecast of a U.S. hyperinflation has been in place since at least 2006. Those who have read the various shadowStats reports on hyperinflation — as opposed to just catching occasional sensationalized headlines in the press — usually recognize that the forecast has been of a future circumstance, in what used to be the distant future. In the early writings, the outside time limit for the crisis was 2018 or 2019, the end of the current decade. That outside timing was moved in closer in time, to 2014, following the near-collapse of the financial system in 2008.

    For those interested, the full series of hyperinflation reports is described and linked at the end of the Definitions and Background section. Again, at this onset to the New Year, the hyperinflation timing remains in place for 2014. By its nature, a currency panic — the likely proximal trigger of the hyperinflation event — is difficult to time. With all the underlying fundamentals for the collapse of the U.S. dollar having been in place for some time, the potential for an imminent break in the system also has been and remains in place. In the wake of the Panic of 2008, the hyperinflation timing reflects the period in which many of the economic – and systemic – related crises of 2008 likely will intensify or resurface, in a confluence of market-roiling circumstances. Extraordinary ginancial intervention by the federal government and Federal Reserve in 2008 saved the U.S. banking system from collapse, but those actions did little more than to push mortal problems for the economy and financial system a couple of years down the road. Those actions also had inflationary consequences, and they limited the flexibility of federal-government and Federal Reserve options in addressing future crises, accelerating the approach of a day of reckoning for the U.S. dollar into the near future. The U.S. currency has been set up for its ultimate demise, in debilitating inflation.

    If you go to the original, you’ll see that he expects panic selling of the $US to be the trigger, which of course has not happened. We’ve only seen the $US high because everything else is in even worse shape (so when the collapse comes, it will have domino effects very few people will be expecting). You can also read the 2015 update here. This is the intro to the long 2015 update:

    2014

    A Year of Market Hype, Manipulation, Intervention and Misdirection

    2015

    A Year of Reckoning, Economic Turmoil, Dollar Panic and Hyperinflation

    Federal Reserve and Other Central Banks Have No Way Out as Dangers from the Panic of 2008 Persist

    Global Financial, Economic and Political Instabilities Are Pushed to Limit Economic Reality versus Illusion: No
    U.S. Recovery or Boom Is in Place; No Economic Recovery Is Likely This Decade

    Extreme U.S. Fiscal Imbalances Unresolved

    U.S. Dollar Remains in Great Peril; Underlying Perceptions and Fundamentals Already Are Shifting

    Low Oil Prices Would Prove Fleeting with Dollar Plunge

    Soaring U.S. Inflation Should Accompany Dollar Demise in 2015, Leading to Domestic Hyperinflation

    Gold and Silver Prices Will Explode in Flight from Dollar; Holding Physical Precious Metals Remains Best Store of Wealth

    GS
    "Ye hear of wars in far countries, and you say that there will soon be great wars in far countries, but ye know not the hearts of men in your own land."

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