Posted on 08/22/2015 4:42:37 AM PDT by HomerBohn
There is an unsettling feeling creeping over the land
And very obviously the fear of something big approaching is not confined to those on the fringes, because mainstream investors are now losing confidence on an almost unprecedented level.
Right now it is big news that the stock market just took one of its biggest tumbles in recent history, while oil prices plummeted back down to historical lows, touching below $40 per barrel. CNBC reports:
The Dow Jones industrial average fell more than 400 points as nearly all blue chips declined. In the last five years, the index has only had four instances with closing losses of more than 400 points.
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Oil reversed Thursdays late gains to briefly fall below $40 a barrel to $39.86 for the first time since March 2009.
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Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and its interpreted indiscriminately, said Tom Digenan, head of U.S. equities as UBS Global Asset Management.
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I think uncertainty about China (and) general negativity is weighing on the market. Theres a lack of positive economic news to motivate buyers, said David Kelly, chief global strategist at JPMorgan Funds.
For a while now, numerous economists have been warning that the system is headed for a collapse, but that message has been tuned out of the mainstream feed.
But not anymore.
Chinas economic troubles, now dragging down its manufacturing sector, carry a major risk of spilling over into western markets, and the Federal Reserve has all but admitted that it is has run out of ammo to artificially prop up the U.S. market. QE3 has failed, and the negative effects of a zero interest rate are reaching a tipping point. Meanwhile, the currency wars are heating up across the globe.
Are things headed over a cliff?
USA Today expounded upon the significance of the lowest oil price in more than 6 years, as overproduction is forcing oil and drilling businesses go belly up, in turn threatening to liquidate millions of jobs and undermine the market:
Oil prices dipped below $40 a barrel Friday for the first time in 6 ½ years on the prospect of falling global demand, busting through a key threshold that could signal further declines and market turmoil some analysts say the drop below $40 likely portends an additional slide into the $30s and continued weakness in the short term.
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Further pushing down prices was a government report that U.S. oil inventories unexpectedly rose last week.
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Its a very important psychological level, says Phil Flynn, senior energy analyst with the Price Futures Group. It really signals that the global economy is in trouble.
There is surely more to come in this unfortunate drama but already, todays numbers are showing that a very real fear has set in about how bad things have become, and how quickly it could all come unglued.
Batten down the hatches, and get ready, for it could get ugly.
Watch out for the bounce next week as the talking heads refer to this as just a correction. The Washington lifers will never admit that this lousy, stinking government is responsible and the election twice of a liar was the beginning of our downfall.
One of two things is possible: A lot of stuff is coming down the second half of September or the internet is a huge echo chamber.
Because there are just so many things and some of them clearly line up with what many of us can see and have seen with our own eyes, I believe it is almost certainly the former. But it really could be the latter.
Time will tell.
This is not like any of the other doomsday predictions. This isn’t a computer crash or a meteor crash. It’s LOTS of things (over 30) all happening at roughly the same time, and to a world that is obviously already quite skittish.
We are acting like dogs just before an earthquake.
speculator have been expecting a rate hike for september seem to be getting ahead of that trade now by selling
A lot of us “doom and gloomers” have taken heat since after the housing meltdown seemed to have recovered. But we knew those in power were just doing the most creative can kicking in history - putting off the inevitable as long as possible.
It made us look dumb only in that our timing was off. And actually that is what I’ve been saying for years now. The frightening thing is that one internet voice said, a few years ago, that these things always take longer to hit than most predict they will, but when they do hit they unravel at frightening speed.
I suggest this one again:
http://www.grandpappy.org/eonehour.htm
The postscript at the end is very interesting.
I confess that I bought my bug-out property two weeks before the 2008 election and moved here in 2011. Love the place. I noticed after I bought that it meets his entire list of qualifications from his bug out location attribute list. I believe the Lord was watching out for us.
I think so too. We'll have an early hint on how the dow might open on Monday by looking at the European markets in 34 hours.
Yeah, every time they talk of a possible rate hike, I come on here or other sites and say it would be idiotic for them to ACTUALLY do it any time in the near future. It would be like intentionally blowing on a tall house of cards. Insanity - unless you WANTED it to come down.
Even a broken clock is right twice a day. If you predict a slump in the stock market long enough, it will come true. SHTF is nothing but doom and gloom all the time.
This could be a sign that the recipients of that massive looting know the gig (jig?) is up.
Oil prices could be coming down simply because the world economy is so stagnant their is a glut.
And to be completely honest - I’m seriously looking to late September. I’ve never followed this “the end is coming” stuff before or taken it seriously. This time it really is different.
But there are a lot of political motivations to make it happen as well. My tag line includes Obama mostly to identify the timing. But I also believe the world sees him as the incompetent boob he is and are drawing their plans against us. i.e. we are in the calm before the storm. And I believe it will be the worst time in American history and probably the world. But I’ve been reading and studying bible prophesy since about 1982 - and I don’t mean watching the folks on “Christin” TV. I dumped TV in 1997.
It doesn’t take a rocket scientist to see where we are in history. But predicting the day or month - or even year - can be a challenge. But this isn’t going to drag on another ten years, that is for sure.
SHTF is nothing but doom and gloom all the time.
I’m no fan of Obama, but it’s silly to lay all the blame for this on his administration. If George W. Bush had been a Democrat instead of a Republican, everyone here on this site would rightly recognize his administration as a complete ‘effing disaster — massive expansion of entitlements, massive growth in government spending, disastrous military campaigns that lasted longer than both World Wars combined, etc.
Now that so many countries are trying to devalue their currency in a "race to the bottom," the U.S. dollar has gained considerable strength. Hence, any commodity priced in dollars gets cheaper here in the U.S.
You're seeing the same thing in gold and other precious metals, too.
Back when I was younger, they were called survivalists. One of the things I have a problem with regarding this sort of stuff is that the bible clearly teaches, “where your treasure is, there your heart will be also.” It means that whatever you plan and prepare for is what you, deep down, HOPE will happen.
When you buy a certain stock, you hope it will go up. When you buy a generator, you hope you get the chance to use it before it rusts away. When you acquire SHTF skills, you hope you get the chance to use them.
I don’t want to live like that. It’s why, when I bought my bugout place, I made sure it was where I would want to be if nothing happened as well. It is. We’ve been here four years and even had the opportunity to buy 19 acres from my neighbor:
http://s409.photobucket.com/user/robbbb4/slideshow/Kentucky%20home
You didn’t correctly read my comment.
I lay blame on government and the elite, but highly stupid, political class. Had conservative policies been followed this ‘correction’ in spite of world economic upheaval would have been lessened to the point of withstanding the turmoil.
I personally don’t think that pundit praising is going to help, and I believe someone is pulling the trigger to start the chaos. Can’t have a fair election and screw up change, donchaknow...
By "weakness" I'm assuming you mean "the reckless printing of".
So oil prices were propped up by the looters of the American taxpayer. Obola threw the brick through the window and his buddies rushed in and stripped the shelves.
The misses, in her usual succinct, brilliant way says, What pinheads ever thought giving money away would restore it’s value.”. Genius, right there.
Of course, I keep trying to direct them into my films :)
Can't be coincidence. Oops...can't do that now...look at the stock market crash. Happens every time. Meanwhile, retirees and near-retirees who have been conscientious about saving for the future are being wiped out by near-0% interest on savings. And now they're being wiped out if they're in the stock market.
In Math, Chaos Theory hypothesis is that the longer an event is held off from the natural ebb and flow, the worse the outcome will be when it can no longer be controlled. The manipulators, in the US and globally, have gotten smug and overconfident about their ability to control things. But now, is this a perfect storm? Terrorism and massive migrations, sick economies affecting others because of globalism, weird weather and man-made disasters, governments that ignore the people once they get elected, the impotence of the civilized world to stop ISIS and other horrific terrorist groups, which are literally bulldozing civilization in order to erase our memories of the accomplishments and traditions of the past.
My totally uneducated (compared to the decision makers) but consistent contention is that the 0% interest rates on savings make the problem worse. What's a world going to be like when almost no one has been able to prepare for their future needs?
The interlocked global economy cannot be unraveled if the puppetmasters lose control of their manipulations. If the worst happens, areas that can seal their borders and be self sufficient will be the ones that survive....be it individual homesteaders, towns, states, or nations.
I'm not as worried as I should be, perhaps. I suspect enough people are ready for taking care of themselves for awhile if there's a period of crisis.
The downturn has started.
It will come in levels, not all at once.
The smart money is taking its profits out of the market before the rush.
By the time the average Joe figures it out, it will be too late to do so.
But by the end of the year, we will have lived through another Fall of 2008.
Shemitah. Sept. 13, 2015. Sunday.
Look for big swings around that date.
I am not in the market any longer.
One investor I know got out, and put his money in cash investments for the next six months.
He will make very little on the very low interest, but he locked in his gain.
What we are facing is systemic loss of control of economies worldwide.
The collapse portends to be bigger and more uncontrollable than in 2008.
This time, there will not be enough money to save the system.
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