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Astrochik

Martin Armstrong Warns Of The Coming Crash Of All Crashes

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http://www.zerohedge.com/news/2015-05-16/martin-armstrong-warns-coming-crash-all-crashes

 

Why are governments rushing to eliminate cash?

During previous recoveries following the recessionary declines, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the repeal of Glass Steagall in 1999, banks have looked at profits rather than their role within the economic landscape.

They shifted to structuring products and no longer was there any relationship with the client. This reduced capital formation for it has been followed by rising unemployment among the youth and/or their inability to find jobs within their fields of study. The VELOCITY of money peaked with our Economic Confidence Model 1998.55 turning point from which we warned of the pending crash in Russia.

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Sovereign Debt: You Cannot Go Unprepared into This

 

when it comes to sell offs it's that you can be an hour early to the party but never a minute late.

There is a crisis coming and we'll be sitting around watching each of the world's central bankers attempting to deal with the fallout of their own creation. It promises to be entertaining:

  • The Brits, being British, will get all hot and flushed and then splutter and pardon with a few "crikey's" and "goshes"
  • The Europeans will handle this by blaming each other, but mostly the Germans
  • The Germans, in turn will flush the sauerkraut with a large beer, don their lederhosen and get on with fixing the problem. This particular problem will be akin to wrestling a man eating tiger in a Japanese nuclear power station: impossible. Not even German technology will fix this!
  • The French will set up a committee to investigate how they may be able to tax individuals on losing money rather than making it, never acknowledging their own part in the fiasco.
  • The Japanese. Well, they'll do the honorable thing and fall on their sword. Seppuku!
  • And the Americans will search the nation to find the man with the shiniest teeth, put him on Oprah where he'll open his arms in an apology and reassure everyone that everything will be fine, even though it won't.

 

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Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic

 

20150517_panic.jpg

"Imagine if we have another beginning of a catastrophe happening, not something as big as we had, but something smaller. Is people's sensitivity right now going to be so high that they're going to panic very quickly? I think the answer is: Yes. So we haven't done much to eliminate conflicts of interest, and we haven't done anything to earn back trust. And because of that, I deeply worry."

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The Debt To GDP Ratio For The Entire World: 286 Percent

 

Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough.  According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today.  This is the largest mountain of debt in the history of the world, and those numbers mean that we are in substantially worse condition than we were just prior to the last financial crisis. (Read More....)

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It is estimated that just the derivatives market is valued at $700,000,000,000,000. That's seven
hundred trillion, and some say its more like double that. Just that market alone is by far all that
is needed to cause a panic and global collapse.

The link below will show you what just one trillion dollars looks like when placed on pallets. Now
imagine x seven hundred or even double that!

http://www.pagetutor.com/trillion/calculations.html

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