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12 Signs That An Imminent Global Financial Crash Has Become Even More Likely
Economic Collapse ^ | 11 Aug 15 | Michael Snyder

Posted on 08/16/2015 4:24:40 AM PDT by SkyPilot

Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not going to take very much to push us into a full-blown worldwide financial crisis. The following are 12 signs that indicate that a global financial crash has become even more likely after the events of the past few days…

#1 The devaluation of the yuan on Tuesday took virtually the entire planet by surprise (and not in a good way). The following comes from Reuters…

China’s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth.

#2 One of the big reasons why China devalued the yuan was to try to boost exports. China’s exports declined 8.3 percent in July, and global trade overall is falling at a pace that we haven’t seen since the last recession.

#3 Now that the Chinese have devalued their currency, other nations that rely on exports are indicating that they might do the same thing. If you scan the big financial news sites, it seems like the term “currency war” is now being bandied about...

(Excerpt) Read more at theeconomiccollapseblog.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: collapse; crash; currency; depression; dollar; economy; financial; globalcrash; globalcrisis; gold; markets; money; newworldorder; obama; paultardation; paultardnoisemachine; preppers; randpaulnoisemachine; randsconcerntrolls; recession; shtf; spending; stockmarket; unemployment; welfare
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To: SkyPilot

Maybe Trump believes this too, so is willing to spend a billion to be part of the solution.


21 posted on 08/16/2015 5:51:19 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: onona

It puts a lot of people out of work.


22 posted on 08/16/2015 5:52:13 AM PDT by Bulwyf
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To: Cowboy Bob

Naw, the republicans in Congress will be blamed for not going along with dear leader.

No democrat will ever get any blame for what’s their fault so long as there’s a single republican in office with them.


23 posted on 08/16/2015 5:55:49 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: trebb

Red herring. Anyhow, the doom and gloom crowd will always eventually be somewhat right. Though they probably missed the Dow from 6.4K to 17.4K ride.

These people are perpetually scaremongering. In weak people it causes a type of mental paralysis. They sit at home reading the same crap over and over. They would be better off reading nothing.


24 posted on 08/16/2015 6:12:19 AM PDT by EEGator
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To: trebb

Same with Fahrenheit 451.

The only difference is they don’t burn the old books anymore, just “deconstruct” them.


25 posted on 08/16/2015 6:14:08 AM PDT by P.O.E. (Pray for America)
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To: SkyPilot

Usury burns those who practice it.


26 posted on 08/16/2015 6:22:50 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: SkyPilot

Anyone, including companies that moved manufacturing to China are instantly loosing 10% of their investment.

Look for companies having to take huge charges at quarter end and year end. Some will choose to take it all one lump to clear their books of it, while others will try to spread it’s impact over the year.

This change both makes it harder for companies to remove capital valued in RMB out of the country and also makes them think twice about turning their dollars into RMB investments.

Chinese Manufactures have to import almost all their raw materials in dollars. So their price in USD will remain almost the same since most items manufactured in China have <5% labor content.

Bottom line, their estimates on what this will do to their exports are way off, these estimates are based on the old model of larger labor content for Chinese Manufacturing.

In the end, we will see how spectacularly this fails and just creates a race to devaluation in the region.


27 posted on 08/16/2015 6:28:42 AM PDT by dila813
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To: SkyPilot
Why is it that everytime that oil goes down it's "the world is going to end!"

Lower prices for gas/diesel is a blessing for the "regular guy", we are getting a break for once. And we have more $$$ for other things.

Statements like below drive me crazy.

And back in December 2014, “Bond King” Jeff Gundlach had a serious warning for the world if oil prices got to $40 a barrel. “I hope it does not go to $40,” Gundlach said in a presentation, “because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be — to put it bluntly — terrifying.”

28 posted on 08/16/2015 7:26:29 AM PDT by CapnJack
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To: EEGator
I understand where you're coming from, but it can't be denied that things are being manipulated to force globalization even though it may have the effect of bringing some Nations down to 'level the playing field". I missed a lot of the ride because I was approaching retirement and had already had my IRAs trashed twice - couldn't afford a third round of it. Now have a tidy sum in a plan that guarantees 6%, can go higher if the market ends up higher by the quarter or the year, and will not lose any principle if the market crashes.

I know it irritates you when folks predict the doom and gloom, but many of us were/are acting out of self-defense. Funny how the economy can suck so bad and the markets do the yo-yo deal time after time where the big money folks who can keep a minute-by-minute finger on the pulse (and even add impetus to the pulse in both directions) can keep vacuuming profits out in each direction. Why does it seem that we head for new highs and once a certain trigger point is reached, it all goes back down: time after time after time? It feels like the big players know there is a saturation point and that they can play all they want as long as they don't push it too far. The average person isn't well versed enough to know which signs are part of the "new normal flow" and when it might actually tumble down around their ears - hard to blame them for being skeptical after a couple bad burns..

29 posted on 08/16/2015 7:38:30 AM PDT by trebb (Where in the the hell has my country gone?)
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To: onona

Unless you live in West Texas, invested in American oil companies, and don’t want to go back to dependence on on the Saudis for oil.


30 posted on 08/16/2015 7:40:02 AM PDT by Rusty0604
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Plus the 4th blood moon!!! Aiiiiie! /s

Have 'cash on hand,' warns 'blood moons' discoverer -- 'We need to be prepared mentally...


31 posted on 08/16/2015 7:42:09 AM PDT by SunkenCiv (What do we want? REGIME CHANGE! When do we want it? NOW)
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To: onona
Anyone who decries the cost of oil being low as a bad thing is wrong

Only to those that are in the oil industry. I live in oil country here in Texas and I can tell you the panic is setting in.

Obama is smiling that the oil industry is in deep trouble.

32 posted on 08/16/2015 7:55:06 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Tau Food
http://www.freerepublic.com/focus/f-news/3325258/posts?page=4#4
33 posted on 08/16/2015 8:07:46 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: xzins
If there's anything left over, it isn't going for cars, trucks, and high tech (except phones).

I read recently that besides mortgage debt, 80% of all debt owed by consumers is automobile debt.

That is a staggering number.

People are taking loans for 72 months, on cars and trucks!

Some people are shelling out close to $80K for a new truck. The average price of even your "turtle" look alike clone car is over $30K.

The auto industry has ramped up production, but the cars are not selling. They currently have massive quantities of unsold inventory.

34 posted on 08/16/2015 9:44:34 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: onona
Anyone who decries the cost of oil being low as a bad thing is wrong

I am with you, in that I like paying less for gasoline and energy.

I do also concur with many economists, however, that the crashing price of oil is a sure and certain sign that the global economy is on its death bed.

The price of oil is one of the key barometers of the economic weather, like it or not.

As it says in the article posted:

"And back in December 2014, “Bond King” Jeff Gundlach had a serious warning for the world if oil prices got to $40 a barrel. “I hope it does not go to $40,” Gundlach said in a presentation, “because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be — to put it bluntly — terrifying.”

35 posted on 08/16/2015 9:51:23 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Roman_War_Criminal
Yes, I have been following all of those event mentioned. Thanks for posting that link:

The following are 10 things that are going to happen within 15 days of the end of the Shemitah…

September 14th – Rosh Hashanah

September 15th – The Jade Helm military exercises are scheduled to end.

September 15th – The 70th session of the UN General Assembly begins on this date. It has been widely reported that France plans to introduce a resolution which will give formal UN Security Council recognition to a Palestinian state shortly after the new session begins. Up until now, the U.S. has always been the one blocking such a resolution, but Barack Obama has already indicated that things may be different this time around. If alarm bells are going off in your head as you read this, then you probably already understand how significant this event could potentially be.

September 20th to September 26th – The “World Week For Peace in Palestine Israel” sponsored by the World Council of Churches.

September 21st – The UN International Day Of Peace. Could this be the day when the UN Security Council resolution establishing a Palestinian state is actually adopted?

September 23rd – Yom Kippur

September 23rd – Pope Francis arrives at the White House to meet with Barack Obama. Some have suggested that the timing of this event is highly unusual…

“Francis is the 266th pope who will be meeting with President Obama on the 266th day of the year, leading one Internet preacher to wonder if “something is being birthed” on that day, since 266 days is the typical human gestation period from conception to birth.”

September 24th – The Pope addresses a joint session of the U.S. Congress.

September 25th to September 27th – The United Nations is going to launch a brand new sustainable development agenda called “The 2030 Agenda“. The following is an excerpt from an article that I just wrote about this insidious new plan…

“If you didn’t like “Agenda 21″, then you really are not going to like “The 2030 Agenda”. Next month, the United Nations is going to launch “The 2030 Agenda” at a major conference that will be held from September 25th to September 27th in New York City. The Pope is actually traveling to New York to deliver an address which will kick off this conference. Unlike Agenda 21, which primarily focused on the environment, the 2030 Agenda is truly a template for governing the entire planet. In addition to addressing climate change, it also sets ambitious goals for areas such as economics, health, energy, education, agriculture, gender equality and a whole host of other issues. As you will see below, this global initiative is being billed as a “new universal Agenda” for humanity. If you are anything like me, alarm bells are going off in your head right about now.

September 28th – This is the date when the Feast of Tabernacles begins. It is also the date for the last of the four blood moons that fall on Biblical festival dates during 2014 and 2015.

36 posted on 08/16/2015 9:56:17 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: dila813
China was really the global economy's one true hope. It was actually producing goods, and many countries counted on it being the one source of real, actual growth.

What China did this week solidified a horror - that the charade is over, and every other economy (especially ours) will be hit, hard.

37 posted on 08/16/2015 10:01:42 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: stevem
That's pretty hard to believe. Only 40% of the work force is unemployed.

Amen.

I drove past three abandoned strip malls this week, and all I could ponder in my mind was that the Depression we are in is deep, but no one acknowledges it.

I wonder if the coming crash will make the Great Depression of the 1930s look like a cake walk.

38 posted on 08/16/2015 10:04:23 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: unixfox
I live in oil country here in Texas and I can tell you the panic is setting in.

Since last spring, North Dakota has been feeling the panic as well.

http://www.the-american-interest.com/2015/03/14/oil-price-crash-sends-north-dakota-reeling/

39 posted on 08/16/2015 10:05:55 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: trebb
Funny how the economy can suck so bad and the markets do the yo-yo deal time after time where the big money folks who can keep a minute-by-minute finger on the pulse (and even add impetus to the pulse in both directions) can keep vacuuming profits out in each direction. Why does it seem that we head for new highs and once a certain trigger point is reached, it all goes back down: time after time after time? It feels like the big players know there is a saturation point and that they can play all they want as long as they don't push it too far.

Amen.

Markets Vs Economy - The Great Disconnect



40 posted on 08/16/2015 10:08:55 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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