Venezuela spirals into darkness

Hunger, blackouts and government shutdown

5/29/16 – (New York Times)  The growing economic crisis — fueled by low prices for oil, the country’s main export; a drought that has crippled Venezuela’s ability to generate

NIRP: You better learn what this means quick

The doom-loop that threatens to wipe out the global economy; cashless society coming

Courtesy of ZeroHedge

2/12/16 – NIRP (Negative Interest Rate Policy) is  taking down bank after bank and the Fed’s Janet Yellen made the statement yesterday that they are considering implementing the policy here in the U.S.  They’ve already revealed a stress test with U.S. banks.

Bill Holter: When will the system collapse? “You’re watching it”

“I think this is a very odd question…you should be able to see it”

 

2/9/16 – In a riveting TruNews interview, Bill Holter, trend economist and joint partner in Jim Sinclair’s Mineset, explained the terrifying market trends around the globe and how it impacts financial planning through 2016 and beyond.  When host Rick Wiles asked Mr. Holter when the crash

Citi: Wold economy seems trapped in a ‘death spiral’

Could lead to further weakness in oil prices, recession and a serious equity bear market, strategists warn

2/5/16 – (CNBC) “The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report on Thursday.

Harry Dent: 2016 will be the worst year for stocks since the ’30s

RBS was right.  Most of the hit will be during the next year

 

9/14/15 Inverview with Gerald Celente – “It’s Going To Be Worse Than the Crash of ’29”

“Watch commodity prices very closely, watch currency and watch China because we’re going to see a lot of broken china.”

“We’re in the midst now of a global economic slow-down, a meltdown, that’s gonna be worse than the crash of 1929 because it’s been artificially inflated since the panic of ’08 with trillions of dollars of cheap money to pump up the equity markets so the big guys can make a lot of dough as everybody else loses money.  The average American family has lost 6K dollars since ’08.”

9/3/15 “A Dollar Crash of Biblical Proportion” – Bill Holter

Bill Holter is back and he says “Something Just Happened”. In fact, something changed three weeks ago and a series of events began which has led to a cascading collapse in global markets and some very strange happenings in the precious metals markets.

In silver last week there was confirmed volume of 122,482 contracts traded in a single day which represents 612 MILLION ounces of physical silver … or over 87% of annual global silver production. Meanwhile China has sold $100 billion worth of Treasury bonds over the last two weeks.

9/2/15 Putin Targets US Monetary System: “Aims To Eliminate US Dollar From Trade”

Something is afoot as de-dollarization escalates around the world. With CNY/RUB trading volumes up a stunning 400% year-over-year to record highs, and hot on the heels of China’s (and much of EM Asia) dumping dollar assets, Russian President Vladimir Putin has just unleashed a new bill aiming to completely eliminate the US dollar from the trade of goods.

News Update 8/16/15

Here are some important quotes from the past week on the topic of financial issues.  Open eyes, repentant hearts!

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“I happen to think we’ve started the next bear market…The key you have to watch out for, when Mr. Fisher…comes out, takes to the podium and says we are going to do another round of QE and that sends stocks lower, that’s when you know it’s time to take cover. I think that day is coming where investors and citizens throughout the world will finally lose all faith in central bankers.”