The Great Financial Catastrophe

GOLD Switzerland ^ | August 20, 2015 | Egon von Greyerz

[Diana in Wisconsin]

Some Doom and Gloom with your Friday Morning Coffee. So GLAD I'm moving to Der Hinterlands next year. Me, Beau, a handful of laying hens and our Milk Cow will be very happy.

YMMV. ;)

[ConservativeDude]

hopefully you have some gold, also?

[Obadiah]

There is no escaping Madistan!

[EBH]

Chinese market mirroring 1929 crash: Analyst
http://www.cnbc.com/2015/08/21/china-market-mirroring-1929-crash-analyst.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102938122

Chinese stocks are set to fall another 9 percent in the next four or five days and are in danger of replicating the hefty losses seen in the U.S. exchanges in the Wall Street crash of 1929, an analyst has told CNBC.

Thomas DeMark, founder and CEO of DeMark Analytics, told CNBC Friday that the current turmoil on the Shanghai Composite index is already on course to echo the crash of 1987 and 2001, but could still fall even lower.

“That’s what could happen,” DeMark said, detailing the technical analysis that his company use to predict stock market declines.

[grania]

I want to learn more about Egon von Greyerz. This (in my inadequately educated mind) is the most sensible sounding analysis of what probably lies ahead, and why, that I've read.

I'm a Luddite, for sure. I've always felt that globalism is a disaster that can't help but happen. The tidal wave will sink all ships that can't get off that ocean.

JMHO

[Old Sarge]

I miss your tagline?

[LRoggy]

As I’ve said many times on FR before . . . gold and silver will be pretty worthless in his scenario. A safe water supply, food . . . and a good milking cow . . . will be better.

I guess Tyler Durden changed his name to Egon.

[left that other site]

I am so glad I am already broke!

(”When you ain’t got nothin’, you got nothin’ to lose...” Bod Dylan)

[WashingtonSource]

Good grief. The only respite from this dystopian dream is this sentence:

I realise that this forecast sounds very alarmist and like an impossible doomsday scenario. I sincerely hope I will be totally wrong. But sadly the risk that I will be right or at least partly right is major after 100 years of excesses in the world built on no solid foundation but an ocean of debt and printed money.

Since this is on a gold website, you have to take some of it with a grain of salt. However, the potential for a very sharp correction is, I think, out there, and it could get ugly.

[Diana in Wisconsin]

Oh, yes. Gold, silver and LEAD! ;)

[Diana in Wisconsin]

I’ll shoot my way out if need be, LOL! The cops won’t hear it over the everyday random gunfire we have now! :)

[Diana in Wisconsin]

Well, of COURSE. Always consider the source. :)

[Diana in Wisconsin]

Well, cr@p! FR was acting hinky, yesterday! I’ll see if I can fix that!

[MeneMeneTekelUpharsin]

Bump for the Queens of denial.

[NELSON111]

No need to even go to the gold site. ANY half-way intelligent person can look at the debt fundamentals and realize we are in for a SERIOUS problem globally. We cannot continue on the way we have. Eventually we have to fall off the debt cliff we keep climbing up... it’s inevitable and it doesn’t take a chicken little to see it.

[Old Sarge]

I personally do not buy into the precious metals “buy-my-stuff-and-live-thru-SHTF-I-guariontee” scams.

The ONLY three things that will see you through what’s coming is:

* arable land for your own food;
* the means to defend it from the Gibsmedats;
* a more solid faith.

[papertyger]

but what’s this got to do with Trump? </ s>

[pa_dweller]

He appears here regularly:

http://kingworldnews.com/

[grania]

Thank you

[smokingfrog]

Stocks not looking too good yesterday

http://www.chicagotribune.com/business/sns-bc-financial-markets-20150819-story.html