Posted on 01/20/2016 4:51:34 AM PST by Zakeet
It all started early last night when the front month oil contract dipped below $28 giving a taste of what was to come. It was all downhill from there.
First Chinese stocks ended the recent ramp higher, with the Shanghai Composite closing down 1% back under 3000, then Japan's rout accelerated with both the Nikkei (-3.7%) and the Topix Index sinking into bear markets, both falling more than 20% from their 2015 highs.
[Snip]
Yields on 10-year Treasuries dropped below 2 percent and the yen jumped to a one-year high.
"It's back to oil and that's what is driving everything at the moment," Barra Sheridan, a rates trader at Bank of Montreal in London told Bloomberg. "We can easily run more because it's pure fear. I donât know what we need to change this sentiment."
Well a central bank intervention or two would help. For now, this is where the "running" has taken global assets as of moments ago:
A quick jog through the markets:
(Excerpt) Read more at zerohedge.com ...
The Royal Idiot's greatest accomplishment!
Thanks, Obama!
Obama executing the final part of his plan to overthrow America...
It isn’t just him who has caused this problem.
It is not the commodities prices that is putting things in turmoil, that is only a symptom.
This is analogous to the person on life support, who suddenly goes into organ failure, as one after another, the body functions shut down, and not much of anything will revive the now necrotic body parts. Death is inevitable, even though some signs of life still stir feebly.
We are very close to SHTF. There will be “bold” and “heroic” measures offered up, all to no avail, as they shall only be retreads of earlier remedies already proven ineffective.
This is not at all a new situation in the world, just a reiteration of the words of the 23rd Psalm:
1 The Lord is my shepherd; I shall not want.
2 He maketh me to lie down in green pastures: he leadeth me beside the still waters.
3 He restoreth my soul: he leadeth me in the paths of righteousness for his name’s sake.
4 Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
5 Thou preparest a table before me in the presence of mine enemies: thou anointest my head with oil; my cup runneth over.
6 Surely goodness and mercy shall follow me all the days of my life: and I will dwell in the house of the Lord for ever.
I love the facepalm banner.
Obama’s operating philosophy is to punish his enemies and reward his friends.
The USA is his enemy and islam is his friend.
See my tagline.
1. The world must start to realize they need a tax code that keeps more of the hard-earned money in the hands of taxpayers. That means going to tax systems with very few (if any!) loopholes but with far lower rates than now.
2. Business regulations need to be drastically simplified. Everyone knows there are too many regulations that are obsolete and/or unneeded and could be phased out, which could drastically lower the cost of running any size business.
The coming tech revolution will mean that at least 20% of the population will be out of a job, and never work again.
When that happens, you had better have a plan to deal with the mob. Hungry men with nothing to lose have destroyed more than one civilization.
Has Japan ever been OUT of a bear market?
And if any of that is to happen...the current system(s) must crash or ...be crashed.
This is where having a true successful business person either sitting in the White House or as the right hand of the President will be crucial.
Obama and Hillary only surround themselves with political comrades and inside the beltway types. They don’t understand that to have real power means you have to delegate it away to experienced people. Instead they delegate politics.
Our next President has to be a business savvy person, freedom loving with a good understanding of how the Constitution creates the circumstances for a strong American economy, and he/she is going to need some military comprehension.
You know...looking at all the Republican candidates WANTING to be President, you have to consider what they are going to be up against as the new President and wonder who would even want to go up against this mess? And yet, there stands a whole cadre of Republicans wanting the opportunity to clean it up.
And then on the other side there is Hillary, Bernie and ? The democrats don’t really have anyone of the caliber we need, that the world needs.
It is really an amazing contrast between the parties.
Flies and spiders getting along together!
In other words government at all levels needs to be reined in massively.
End Time Bible Prophecy Ping.
Harbinger/Shemitah
Year of the Shemitah. The biblical principle of the sabbatical years of land strikes, again on time.
To be on the End Time Bible Prophecy Ping list FReep mail me or Saveferris
Correct. That’s why both Trump is playing up to those fears and why Cruz has crusaded for major changes in government. Cruz’s call for major income tax reform is a direct criticism of the 30,000 tax lobbyists now in Washington, DC.
And watch for this:
John 10:12
But he that is an hireling, and not the shepherd, whose own the sheep are not, seeth the wolf coming, and leaveth the sheep, and fleeth: and the wolf catcheth them, and scattereth the sheep.
Very little. Paper assets are all they seem to have...therefore the need for the last round of bailouts due to the collapse of the housing market in 2007-2008.
THERE IS NO THERE - THERE!
It was just a matter of time before the reality of no cash assets caught up to the fantasy that banks could function based on paper fairies.
The commercial real estate “bubble” is about to burst as brick and mortar properties lose their value at a faster rate than the home mortgages did a few years ago.
It is the foundation of the world economic system that is cracking...and “spray on duct tape” isn't going to fix it this time.
We must take heed in preventing those cracks from spreading by shoring up our economy with sound Reagan-like policies. And quickly. The narrative the one-worlders and the Chamberpots are spinning is to protect their own behinds.
ENJOY THE RIDE !!!! TRUMP/CRUZ OR LOSE !!!!
Would not deflation be a good thing for people on fixed income? But not so hot for a nation that has a high minimum wage.
Cruz has crusaded for major changes in government. Cruzâs call for major income tax reform is a direct criticism of the 30,000 tax lobbyists now in Washington, DC.
Of course Cruz is going to say that. Cruz is a POLITICIAN. They are famous for telling us what they “will do when elected”, but don’t do squat when in office.
Cruz is a politician, not a leader..it’s not his fault, it’s in his DNA..
I was watching Back to the Future a few days ago and noticed that the price of gas at a station announcing “Gas War” was $1.01. Then a couple of days ago I heard that some parts of Michigan had gas below a dollar a gallon.
The movie was depicting 1985.
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