This Is For The ‘Nothing Is Happening’ Crowd…

By Michael Snyder, on September 29th, 2015

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A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever. But without a doubt, some very important things did happen in September. As I warned about ahead of time, we are witnessing the most significant global financial meltdown since the end of 2008. All of the largest stock markets in the world are crashing simultaneously, and so far the amount of wealth that has been wiped out worldwide is in excess of 5 trillion dollars. In addition to stocks, junk bonds are also crashing, and Bank of America says that it is a “slow moving trainwreck that seems to be accelerating“. Thanks to the commodity price crash, many of the largest commodity traders on the planet are now imploding. I wrote about the death spiral that has gripped Glencore yesterday. On Tuesday, the stock price of the largest commodity trader in Asia, the Noble Group, plummeted like a rock and commodity trading giant Trafigura appears to be in worse shape than either Glencore or the Noble Group. The total collapse of any of them could easily be a bigger event than the implosion of Lehman Brothers in 2008. So I honestly do not understand the “nothing is happening” crowd. It takes ignorance on an almost unbelievable level to try to claim that “nothing is happening” in the financial world right now.

Within the last 60 days, we have seen some things happen that we have never seen before.

For example, did you know that we witnessed the greatest intraday stock market crash in U.S. history on August 24th?

During that day, the Dow Jones Industrial Average plunged from a high of 16,459.75 to a low of 15,370.33 before rebounding substantially. That intraday point swing of 1,089 points was the largest in all of U.S. history.

Overall, the Dow has down 588.40 points that day. When you combine that decline with the 530.94 point plunge from the previous Friday, you get a total drop of 1119.34 points over two consecutive trading days. Never before in history had the Dow fallen by more than 500 points on two trading days in a row. If that entire decline had fallen within one trading day, it would have been the largest stock market crash in U.S. history by a very wide margin, and everyone would be running around saying that author Jonathan Cahn was right again.

But because this massive decline fell over two consecutive trading days that somehow makes him wrong?

Are you kidding me?

Come on people – let’s use some common sense here. We are already witnessing the greatest global stock market decline in seven years, and after a brief lull things are starting to accelerate once again. Last night, stocks in Hong Kong were down 629 points and stocks in Japan were down 714 points. In the U.S., the Nasdaq has had a string of down days recently, and the “death cross” that has just formed has many investors extremely concerned…

The Nasdaq composite spooked investors on Monday after forming a death cross, a trading pattern that shows a decline in short-term momentum and is often a precursor to future losses.

A death cross occurs when the short-term moving average of a security or an index pierces below the long-term trend, in this case the 50-day moving average breaking through the 200-day moving average.

In the past month, similar chart patterns formed in the S&P 500, Dow and small-cap Russell 2000, but the Nasdaq avoided a death cross formation until Monday.

What we witnessed in September was not “the end” of anything.

Instead, it is just the beginning.

And if you listen carefully, some of the biggest names on Wall Street are issuing some very ominous warnings about what is coming. For instance, just consider what Carl Icahn is saying…

Danger ahead—that’s the warning from Carl Icahn in a video coming Tuesday.

The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.

“It’s like giving somebody medicine and this medicine is being given and given and given and we don’t know what’s going to happen – you don’t know how bad it’s going to be. We do know when we did it a few years ago it caused a catastrophe, it caused ’08. Where do you draw the line?”

Even people like Jim Cramer are starting to freak out. He recently told his audience that “we have a first-class bear market going”…

Jim Cramer, the ex-hedge fund manager and host of CNBC’s show “Mad Money,” has been vocal recently on air, saying repeatedly that he doesn’t like the market now, and last week said “we have a first-class bear market going.” Similarly, Gary Kaltbaum, president of Kaltbaum Capital Management, has been sending out notes to clients and this newspaper for weeks, saying the poor price action of the stock market and many hard-hit sectors, such as energy and the recently clobbered biotech sector, has all the earmarks of a bear market. Over the weekend, Kaltbaum said: “We remain in a worldwide bear market for stocks.”

As I have warned repeatedly, there will continue to be ups and downs. The stock market is not going to fall every day. In fact, on some days stocks will absolutely soar.

But without a doubt, we have entered the period of time that I have warned about for so long. The global financial system is now beginning to unravel, and any piece of major bad news will likely accelerate things.

For instance, the total collapse of Deutsche Bank, Petrobras, Glencore, the Noble Group, Trafigura or any of a number of other major financial institutions that I am currently watching could create mass panic on the global financial stage.

In addition, an unexpected natural disaster that hits a financially important major city or a massive terror attack in the western world are other examples of things that could accelerate this process.

Our world is becoming increasingly unstable, and we all need to learn to expect the unexpected.

The period of relative peace and security that we all have been enjoying for so long is ending, and now chaos is going to reign for a time.

So get prepared while you still can, because there is very little time remaining to do so…

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Gregory Mannarino-Greatest Theft in History Coming

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Carl Icahn Says Market “Way Overpriced”, Warns “God Knows Where This Is Going”

Submitted by Tyler Durden on 09/29/2015

To be sure, no one ever accused Carl Icahn of being shy and earlier this year he had a very candid sitdown with Larry Fink at whom Icahn leveled quite a bit of sharp (if good natured) criticism related to BlackRock’s role in creating the conditions that could end up conspiring to cause a meltdown in illiquid corporate credit markets. Still, talking one’s book speaking one’s mind is one thing, while making a video that might as well be called “The Sky Is Falling” is another and amusingly that is precisely what Carl Icahn has done.

Over the course of 15 minutes, Icahn lays out his concerns about many of the issues we’ve been warning about for years and while none of what he says will come as a surprise (especially to those who frequent these pages), the video, called “Danger Ahead”, is probably worth your time as it does a fairly good job of summarizing how the various risk factors work to reinforce one another on the way to setting the stage for a meltdown. Here’s a list of Icahn’s concerns:

Low rates and asset bubbles: Fed policy in the wake of the dot com collapse helped fuel the housing bubble and given what we know about how monetary policy is affecting the financial cycle (i.e. creating larger and larger booms and busts) we might fairly say that the Fed has become the bubble blower extraordinaire. See the price tag attached to Picasso’s Women of Algiers (Version O) for proof of this.
Herding behavior: The quest for yield is pushing investors into risk in a frantic hunt for yield in an environment where risk free assets yield at best an inflation adjusted zero and at worst have a negative carrying cost.
Financial engineering: Icahn is supposedly concerned about the myopia displayed by corporate management teams who are of course issuing massive amounts of debt to fund EPS-inflating buybacks as well as M&A. We have of course been warning about debt fueled buybacks all year and make no mistake, there’s something a bit ironic about Carl Icahn criticizing companies for short-term thinking and buybacks as he hasn’t exactly been quiet about his opinion with regard to Apple’s buyback program (he does add that healthy companies with lots of cash should repurchases shares).
Fake earnings: Companies are being deceptive about their bottom lines.
Ineffective leadership: Congress has demonstrated a remarkable inability to do what it was elected to do (i.e. legislate). To fix this we need someone in The White House who can help break intractable legislative stalemates.
Corporate taxes are too high: Inversions are costing the US jobs.
Here’s more from Reuters:

Billionaire investor activist Carl Icahn ramped up criticism of the U.S. Federal Reserve, warning about the unintended consequences of ultra low interest rates on the economy and financial markets.

“They don’t understand the treacherous path they are going down,” Icahn said in an interview with Reuters, in which he also declared his support for Donald Trump as a candidate to be the next U.S. president.

“God knows where this is going. It’s very dangerous and could be disastrous,” said Icahn, who has been a consistent critic of the Fed for keeping its benchmark interest rate close to zero since late 2008.

Icahn said he felt compelled to raise red flags about the state of the financial markets because he believes if more big investors had warned about subprime mortgage market in 2007, the United States might have avoided the crisis that strangled the economy the following year.

In a video entitled “Danger Ahead” and released on Tuesday, Icahn said the Fed’s rate policy had enabled U.S. chief executives – many of whom he describes as “nice but mediocre guys” – to pursue “financial engineering” that he said has exacerbated an already wide gap between rich and poor in America.

Icahn, who slammed money managers who benefit from the so-called “carried interest” loophole under which their earnings are taxed as capital gains rather than ordinary wage income, also endorsed Donald Trump’s presidential bid.
Trump unveiled a tax plan on Monday that he said would eliminate the loophole.

“Those guys who run these companies are borrowing money very cheaply, leveraging up their companies, using it to do two things … They are going in and they are buying back stock or even worse, making stupid takeovers,” said Icahn, adding some recent acquisitions have been done at a too high a price.

Much of this debt is bought via exchange-traded funds, a popular vehicle for trading baskets of bonds and stocks.

Icahn said retail investors had a false sense of security about how easy it would be to sell their holdings of such debt if the market turns.

“It’s like a movie theater and somebody yells fire. There is only one little exit door,” he said. “The exit door is fine when things are OK but when they yell fire, they can’t get through the exit door … and there’s nobody to buy those junk bonds.”
Ultimately what Icahn has done is put the pieces together for anyone who might have been struggling to understand how it all fits together and how the multiple dynamics at play serve to feed off one another to pyramid risk on top of risk. Put differently: one more very “serious” person is now shouting about any and all of the things Zero Hedge readers have been keenly aware of for years.

Full video below.

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Experts Warn These 5 Things Will Follow the Collapse of the Dollar

28 Sep, 2015 by Dave Hodges www.thecommonsenseshow.com

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It is easy to interpret the signals of our economy from afar when we see people driving cars everywhere and we tend to think that our economy is not that bad.

The fact remains that 40 years ago Americans owned those cars that we see them driving. Today, we are renting them as 40% of us are leasing our vehicles.
As we drive up and down our neighborhoods, we see people living in houses and we lie to ourselves as use this as a false barometer to convince ourselves that everything is OK. However, many of these homes we see people living in, have lost all of their equity.
The logical answer to the question “When will we have a depression?”, should be answered by stating “We have an $19 trillion dollar annual deficit and that is the good news. We have $240 trillion dollars of debt from unfunded liabilities and we have a stunning $1.5 quadrillion dollar debt.

So, you better grab all the food, water, guns and ammunition that you can and run for the hills, if you are able”! But as long we see people driving in cars and living in houses, most Americans are gong to deny the truth.

Yet, I feel compelled to speak the truth because I might be able to get one more person to take the steps necessary to help increase the odds of their survival in response to what is coming. History shows that one can count on six things occurring following the collapse of the dollar.

The Last Great American Garage Sale

On multiple occasions in this column, I have thoroughly documented the following facts which demonstrate that the banksters are stealing our assets in preparation for them to economically survive what is coming:

1. The Seventh Circuit Court of Appeals ruled that when you put money into the bank, you have transferred ownership of that money to the bank. This ruling represents government sponsored theft in the highest order, yet most of us are unaware that this happened.

2. The G20 nations declared the money in your bank account to not be money. Therefore, the FDIC insurance for your savings.

3. The MERS mortgage fraud is ongoing and homeowners are still having their homes stolen without legal justification.

4. The Federal Reserve, in 2012, began to print money to the tune of $40 billion dollars a month in order to purchase mortgage backed securities.

5. The banksters have practiced stealing the secured accounts of American in the MF Global (MFG) scandal, resulting in the loss of $6.3 billion dollars of secured investment funds. Nobody went to jail.

6. In April of 2013, the banksters are manipulating the price of gold as evidenced by the actions of “Goldman Sachs who told their clients earlier that they recommend initiating a short COMEX gold position.” After investors were duped into panic selling, the banksters bought up massive sums of gold. The banksters were buying gold while getting out the American Stock Market and the megabanks. Why? Because the dollar is on the verge of collapse. This manipulation is continuing today. Gold and silver are being kept artificially low. NOW, is the time to buy!

7. The banksters have signaled that they were no longer attempting to gain control of any more gold as they began to repatriate gold with their rightful owners in Europe. This means that the crash could happen at any time.

The only thing left to do is for the banksters to steal your bank accounts. The correct “crisis” will bring about the collapse of the dollar now that the wealth transfer has largely been accomplished.

What America Will Look Like Following the Collapse of the Dollar-Five Things You Can Count On Happening

The aftermath of an economic collapse can take different forms, however, history demonstrates that there are some universal things you can count on:

1. Obamavilles
People will lose their jobs and ultimately will be evicted from their homes and America will see a dramatic spike in the rate of homelessness.

During the Great Depression (1929-1941),the growing number of homeless people in America began to live in communities with cardboard boxes as their only shelter. The communities took on the name “Hooverilles” in reference to the President that most Americans 2 blamed for the Great Depression.

Today, as the economy collapses, a new homeless class will be created and they will come from the former middle class. A large number of Americans own property. This will shift to a large amount of properties will subsequently be owned by the few and America will witness the introduction of feudalism to our country. This is why the Federal reserve has been buying $40 billion dollars of mortgage backed securities every month. 3 Did you know that the New York City homeless shelters are filled with people that have full-time jobs? It has already started.

2. Dramatic Food Shortages

4 Because of “Just In Time” deliveries, the American food industry operates on quick and multiple deliveries and survives only as the result of the rapid payment of invoices. As the failing economy reaches to service industry, most of these business will fail in very large numbers. Who then, will be delivering the food? Only a fool is not storing food and water.

3. Food Riots

5 Because of the food shortages, riots and organized gang violence will occur. The military is trained to isolate these areas, but will not intervene. If you call 911, nobody will be answering. This will be the time that you wished you had listened to many in the alternative media because this is the time that America will begin to see a large loss of life. 6

4. Persecution of Christians

The persecutions of Christians is already taking place as record numbers of Christians are leaving the military because of overt discrimination. In the American military, Christians are being disciplined for sharing their faith. No other religion has such a prohibition.

When Pastor Walter Mansfield, one of the original Clergy Response Team member, told me in an interview that he would be forbidden to mention the words “Jesus” and the “Bible” while ministering in the camps.

Germany is evicting Christians from their homes to make way for Muslim invaders. For example, the UK Telegraph is reporting that 51-year-old German Christian woman, one of many, is being evicted from her home of 16 years to make way for refugees, with shelters already full across the country. On September 1, 2015, she received a letter from her landlord and the local municipality, telling her the building was being turned into a refugee shelter and she had until May to leave. So much for the Syrian exodus being a spontaneous event. It was well planned. Many feel that Christians are being targeted in Germany for home evictions in favor of refugee shelters for Muslims in Germany. With the Refugee/Resettlement program in full swing in the United States, how long will it be until the same thing begins to happen here?

5. Martial Law Will Be Declared

(Editor’s note: War will comprise a 6th element that will accompany the coming events. Because of the enormity of the subject, this development will be covered separately).

DHS and the military has already practiced for this development. Travel will be limited and it will stopped all together in areas where the civil unrest is at its worst.
The 2012 and 2014 National Defense Authorization Act (NDAA), will allow government officials to “disappear” anyone they want to and for any reason, or no reason at all. The NDAA suspends habeas corpus, provides for indefinite detention and this is done on the premise that certain kinds of Americans are threats (e.g. Second Amendment supporters, Bible-believing Christians). This is where the present harassment of Christians will turn into the outright persecution of Christians.

I think the public has a right to know how its government plans to handle future protests. Is America the new Venezuela, Egypt, or Ukraine? A previously secret document which was leaked online; entitled FM 3-39.40 Internment and Resettlement Operations (PDF).

RIOT FORMATIONS
H-42. Quick-reaction force teams should be established with a minimum response time. Because of the physical nature of riot control, individuals in riot control formations should not carry rifles. Nonlethal attachments should follow closely behind the riot control formation. Lethal coverage must be provided for this entire formation. (See FM 3-22.40.)
DESIGNATED MARKSMEN
H-43. During a nonlethal engagement, the use of designated marksmen provides confidence and safety to those facing a riot. If a lethal threat is presented, the designated marksmen in overwatch positions (armed with appropriate sniper weapons mounted with high-powered scopes) can scan a crowd and identify agitators and riot leaders for apprehension and fire lethal rounds if warranted. Additionally, they are ideally suited for flank security and countersniper operations. (See FM 3-22.40.).

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Travel restrictions will be a part of this process.

Government Control Over All Fuel and Transportation

These are some of the things that government can do to you courtesy of several executive orders.

Executive Order 10990

Allows the government to take control over all modes of transportation, highways, and seaports.

Executive Order 11003

Allows the government to take over all airports and aircraft, including commercial aircraft.

Executive Order 11005

Allows the government to take over railroads, inland waterways, and public storage facilities.

Executive Order 10997

Allows the government to take over all electrical power, gas, petroleum, fuels, and minerals.

Government Control Over All Food and Water

Executive Order 10998

Allows the government to take over all food resources and farms.

The Ability to Enslave the American People

Executive Order 11000

Allows the government to mobilize civilians into work brigades under government supervision.

Executive Order 11001

Allows the government to take over all health, education, and welfare functions.

Executive Order 11002

Designates the Postmaster General to operate national registration of all persons.

Executive Order 11004

Allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to be abandoned, and establish new locations for populations.

Ability to Grant the President Total Dictatorial Control

Executive Order 11051

Specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.

Executive Order 11310

Grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.

Executive Order 11049

Assigns emergency preparedness function to federal departments and agencies, consolidating 21 operative Executive Orders issued over a fifteen year period.

There are more examples, but I think you get the idea. Your government has practiced to subjugate and even murder you in times such as these.

Conclusion

Is there anything that can be done to stop the egregious violations of our civil liberties? The short answer is no! However, there are some things that can be done to mitigate the threat and to soften the landing following an economic collapse. These will be covered, in detail, in a future article.

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FOURTH TURNING: CRISIS OF TRUST – PART 3

TheBurningPlatform.com

In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In http://www.theburningplatform.com/2015/09/14/fourth-turning-crisis-of-trust-part-2/ I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I will focus on the economic channel of distress which is likely to be the primary driving force in the next phase of this Crisis.

There are very few people left on this earth who lived through the last Fourth Turning (1929 – 1946). The passing of older generations is a key component in the recurring cycles which propel the world through the seemingly chaotic episodes that paint portraits on the canvas of history. The current alignment of generations is driving this Crisis and will continue to give impetus to the future direction of this Fourth Turning. The alignment during a Fourth Turning is always the same: Old Artists (Silent) die, Prophets (Boomers) enter elderhood, Nomads (Gen X) enter midlife, Heroes (Millennials) enter young adulthood—and a new generation of child Artists (Gen Y) is born. This is an era in which America’s institutional life is torn down and rebuilt from the ground up—always in response to a perceived threat to the nation’s very survival.

For those who understand the theory, there is the potential for impatience and anticipating dire circumstances before the mood of the country turns in response to the 2nd or 3rd perilous incident after the initial catalyst. Neil Howe anticipates the climax of this Crisis arriving in the 2022 to 2025 time frame, with the final resolution happening between 2026 and 2029. Any acceleration in these time frames would likely be catastrophic, bloody, and possibly tragic for mankind. As presented by Strauss and Howe, this Crisis will continue to be driven by the core elements of debt, civic decay, and global disorder, with the volcanic eruption traveling along channels of distress and aggravating problems ignored, neglected, or denied for the last thirty years. Let’s examine the channels of distress which will surely sway the direction of this Crisis.

Channels of Distress
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“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

Economic distress

Despite incessant corporate fascist propaganda, disguised as positive government economic data, the economic distress for the majority of Americans and majority of the world is soul crushing. The nine charts in the visual below demolish any happy talk about a recovering economy and return to normalcy. They portray a crisis level economic condition. The financial stress on average American families is at punishing levels, masked by the prodigious amount of debt doled out by the government and their Wall Street co-conspirators.

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Millennials are buried under $1.3 trillion of student loan debt, with $500 billion of it doled out by the Federal government since 2009 as a ploy to reduce the reported unemployment rate and artificially stimulate spending, to provide the appearance of economic recovery. The falsity of the supposed recovery is borne out in a labor participation rate that is the lowest since 1977, with participation amongst 25 to 54 year olds the lowest in history. With real median household incomes stuck at 1989 levels and far below 2007 peak levels, the stress on middle class families to just pay their monthly bills is intense.

The 2008 Wall Street created fraudulent subprime mortgage debacle which led to millions of foreclosures, non-existent wage growth, young families enslaved in student loan debt, and the Wall Street hedge fund engineered 30% increase in home prices, has resulted in home ownership falling to historic lows and still falling. This is the result of ownership policies, programs and schemes pushed by Democrat and Republican politicians and executed by greedy Wall Street institutions, generating hundreds of billions in fees, interest and profits.

Clearly there is no distress among the .1%, as they summer at their Hamptons beach estates gorging on caviar and toasting their financial brilliance (free Fed money) with $1,000 bottles of Dom Perignone, and bid NYC penthouse real estate prices to astronomical levels. But, as the government apparatchiks at the BLS, BEA, and Census Bureau have reported positive economic data month after month since 2009, the number of people on food stamps has grown from 34 million to 46 million over this same time frame. As the middle class and poor have gotten poorer, the .1% and particularly the .01% have accelerated their capture of the national wealth.

The distress of the lower classes is self-evident and confirmed by a poverty rate of 14.8%, up from 12.5% in 2007, while the middle class has borne the brunt of an Obamacare plan written by paid lobbyists for the health insurance industry, Big Pharma, and hospital corporations. The promised $2,500 per family savings have not materialized, as health insurance premiums have increased by double digits for the last five years and small businesses have stopped covering employees. In reality, since 2008, average family premiums have climbed a total of $4,865. Even the few million Americans added to the health insurance roles are stuck with limited choices and deductibles of $5,000. More people were kicked out of existing employer healthcare plans than were newly added.

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The two charts which reveal the true level of economic distress are the Federal Debt and Money Printing charts. We’ve accumulated more debt as a nation in the last seven years ($8 trillion) than we did in the first 219 years of this once proud Republic. We continue to add $1.6 billion per day to our $18.3 trillion national debt. This doesn’t even take into consideration the $200 trillion of unfunded liabilities being left to future generations.

The Fed has printed $3.5 trillion out of thin air in the last six years while keeping interest rates anchored at 0% for their Wall Street owners, with the net impact of punishing senior citizens and other risk averse savers while further enriching their gambling casino owners who dictate the monetary policy for the world. As widowed grandmothers across the land have seen their life sustaining interest income evaporate, even the downwardly manipulated CPI has risen 14% since 2008. Using a real inflation measure, most Americans have seen their daily living expenses rise by more than 30% since 2008, but Yellen and her cronies yammer about deflationary fears.

Economic distress intensifies by the day for average American household as their real income has been falling for 15 years, while the cost of food, energy, healthcare, education, rent, housing, and vehicles have soared. Government imposed property taxes, sales taxes, income taxes, fees, and tolls have risen exponentially over this time frame as the parasite sucks the host dry. Millions of households have been lured into debt by the Wall Street debt machine and their corporate media mouthpieces as consumer debt has grown from $1.5 trillion to $3.4 trillion since 2000, and mortgage debt has grown from $6.5 trillion to $13.5 trillion.

The extreme distress felt by households has been caused by their foolish choice to try and maintain their lifestyles by replacing declining income with debt. They are now enslaved by the chains of $1.3 trillion in student loan debt, $1.1 trillion of auto loan debt, $1 trillion of credit card debt, and $13.5 trillion of mortgage loan debt. Has keeping up with the Joneses been worth it? The stress of meeting the monthly obligations with declining income has become unbearable for many.

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The continued decline in real household income reveals the falsity of the unemployment propaganda disguised as legitimate data. The decline in unemployment from 10% in 2009 to 5.1% today is a complete and utter lie. Since 2008 there are 4 million more Americans employed, while 15 million working age Americans have supposedly left the workforce, but the government expects us to believe the unemployment rate is lower today than it was in 2008. Using a consistent labor force participation rate of 66% (where it stayed from 2003 through 2008), the unemployment rate would be over 10%. Using the BLS methodology used prior to 1994, real unemployment exceeds 20%. Those figures support the declining household income story.

Everyone has heard the president boast about the 10 million jobs added since 2009. The politicians like to talk about quantity, but aren’t so keen on discussing quality. The chart below provides the facts regarding jobs added since the recession lows. The top four categories pay less than $10 per hour. This so called economic recovery is being driven by low paying, no benefits, services jobs. These facts also support the declining household income state of affairs.

With a true unemployment rate above 10% and most new jobs paying $10 an hour, it is understandable to an awake, non-delusional citizen why retail sales remain pathetic and national retailers have stopped expanding and begun closing outlets. This is just what the corporate fascist Deep State wants. They want the proletariat, reliant upon debt to sustain their materialistic driven lifestyles and the lower class peasants dependent upon the scraps handed to them by a government, reliant on central bankers to keep the house of cards from collapsing.

4

The American economy has been gutted. The financialization of our economy began around 1980 and accelerated after the passage of NAFTA in 1994 and the repeal of Glass Steagall in 1999. There has been a giant sucking sound of manufacturing jobs leaving the U.S., replaced by purveyors of paper, derivatives gamblers, and high frequency traders on Wall Street. Producing goods has been replaced by scamming muppets and peddling debt to the masses so they can consume.

We’ve been eating our seed corn for the last 35 years and there is nothing left to sow. We allowed American jobs and production to be replaced by cheap foreign labor and cheap foreign produced products, financed by consumer debt. We allowed mega-corporations and Wall Street banks to capture the economic system, financial markets, judicial, legislative, and executive branches, along with the mainstream media, thereby subjugating the best interests of the country to maximizing profits for the .1%.

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The distress of the working middle class has been growing since the early 1970s after Nixon closed the gold window and allowed central bankers and politicians the freedom to print fiat and make unfunded promises to voters. From the end of World War II until 1971 the working class reaped the income gains as their standard of living steadily increased. Since 1971 the income growth of the working class has declined, while the income growth of the top 1% has soared. This was mainly driven by the .1% in the financial class who produced nothing but misery for the bottom 90%.

Unbridled greed and an unquenchable thirst for more and more are the hallmarks of the sociopathic oligarchs who are like blood sucking leeches on the dying carcass of a once great nation. Once the dollar was no longer backed by gold, the ultimate death of the American empire became a forgone conclusion. The weight of lies is wearing on the oligarchs. The Federal Reserve Chairwoman physically falters while spreading monetary falsehoods and the speaker of the house suddenly resigns as he knows the end is drawing near.

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Every “solution” the ruling class has implemented since Wall Street blew up the global financial system in 2008 has been sold to the public as beneficial to the people on Main Street. It has slowly dawned on the inhabitants of Main Street that Bernanke, Yellen, Paulson, Geithner, Dodd, Frank, Obama and all D.C. politicians have screwed them. As Main Street’s distress has accelerated, the wealth of anyone associated with Wall Street has soared to obscene levels.

This distress is revealing itself in the poll numbers of Donald Trump and Bernie Sanders. The flaunting of their immense wealth, political influence, and smug superiority has angered a vast swath of the citizenry. The economic distress perpetrated upon the people by the moneyed interests will be the driving force behind the next phase of this Fourth Turning. The current state of affairs has been seen before, during the previous Fourth Turning about 80 years ago.

“It has always seemed strange to me…The things we admire in men, kindness and generosity, openness, honesty, understanding and feeling, are the concomitants of failure in our system. And those traits we detest, sharpness, greed, acquisitiveness, meanness, egotism and self-interest, are the traits of success. And while men admire the quality of the first they love the produce of the second.” – John Steinbeck – Cannery Row

The solution is not to let politicians redistribute the wealth from the rich to the poor. Crony capitalism must be replaced by true free market capitalism, practiced with integrity, fairness, principled conduct, intelligence, and high moral standards. Profits generated by corporations are not evil, but seeking profits at any cost to society is reckless, shortsighted and immoral. Capitalism without capital is destined for failure. When corporate CEOs, Wall Street bankers, and shady billionaires exercise undue influence over the financial, political and judicial systems, their short-term quarterly profit mindset and voracious appetite for riches override the best interests of the people and create a sick, warped, repressive society. Today our system is in the grasp of psychopaths whose hubris and myopic focus on enriching themselves will ultimately be their downfall.

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“This financial system is sick, and is unfortunately and at an increasing pace approaching terminal. I think the problem is due to a simple failure or ‘lack of character.’ It is an old story, and a perennial favorite of the madness of the dark powers of this world. Character provides stability and confidence. When character fails, there is uncertainty and fear. This passive-aggressive posture towards equities in general and risk in particular is because of the lack of reform to create a sustainable, stable recovery fueled by organic demand for growth based across a broader participation amongst the consumers. You cannot have it both ways. You cannot subject the great part of a people to fear, repression, and enforced deprivation on one hand, and expect them to flourish and consume freely on the other.” – Jesse

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In Part 4 I will assess the other channels of distress (social, cultural, technological, ecological, political, military) that are likely to burst forth with the molten ingredients of this Fourth Turning, and potential climaxes to this Winter of our discontent.

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Geoengineering Hidden In Plain Sight For Decades

Published on Sep 25, 2015
lead researcher for Geoengineeringwatch.org, Dane Wigington, also breaks down evidence on why he believes government weather manipulation may be to blame for the wildfires and drought in California.
http://www.geoengineeringwatch.org/

Engineering Earth, Exposing The Global Climate Modification Assault

Governments around the world have long since fully deployed global climate engineering on a scale that cannot truly be comprehended. They decided (without public knowledge or consent) that they had the right to use the atmosphere of our planet to serve their own agendas which amount to nothing less than weather and biological warfare. On August 14th, 2015, there was a major event in Northern California that was organized for the purpose of exposing and halting the global climate engineering programs that are decimating our planet and the entire web of life. Numerous experts spoke out at this event including attorneys, former government scientists, a former defense industry technician, former military personnel, a prominent Northern California Neurologist, and a CEO for one of the largest environmental and engineering consulting firms in the world. Approximately 1000 people attended this event. The video below is the primary PowerPoint informational presentation given at the event, "Engineering Earth, Exposing The Global Climate Modification Assault". This presentation was given by Dane Wigington, lead researcher for geoengineeringwatch.org. The emcee for this important event was John B. Wells, radio host for the highly acclaimed "Caravan to Midnight" show. John works tirelessly toward revealing the truth for the common good. His participation in the Northern California event was of immense benefit to the cause of exposing geoengineering. My deepest appreciation to John, to all the speakers that participated and shared their knowledge, to each and every activist that contributed countless hours, and of course our gratitude to all those that attended the event. Individuals came from locations as far away as Valdez Alaska and St. Louis Missouri.
Dane Wigington

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Peter Schiff: QE4 Is Coming!

Peter Schiff: QE4 Is Coming!
The Alex Jones Channel
In economic news, central banks may finally be losing control over the markets and financial expert Peter Schiff joins the show to explain why.
*The printing presses are firing up all over again… err, at least the digital ledgers are, anyway.
http://www.infowars.com/everyone-preparing-for-the-wrong-outcome-schiff-says-qe4-is-coming-not-a-rate-hike/
http://www.europac.com/
https://twitter.com/PeterSchiff

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The Worst Part Is Central Bankers Know Exactly What They Are Doing

Wednesday, 23 September 2015 02:45 Brandon Smith http://www.alt-market.com/

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The best position for a tyrant or tyrants to be in, at least while consolidating power, is tyranny by proxy. That is to say, the most dangerous tyrants are those the people do not recognize: the tyrants who hide behind scarecrows and puppets and faceless organizations. The worst position for the common citizen to be in is a false sense of security and understanding, operating on the assumption that tyrants do not exist or that potential tyrants are really just greedy fools acting independently from one another.

Sadly, there are a great many people today who hold naïve notions that our sociopolitical dynamic is driven by random chaos, greed and fear. I’m sorry to say that this is simply not so, and anyone who believes such nonsense is doomed to be victimized by the tides of history over and over again.

There is nothing random or coincidental about our political systems or economic structures. There are no isolated tyrants and high-level criminals functioning solely on greed and ignorance. And while there is certainly chaos, this chaos is invariably engineered, not accidental. These crisis events are created by people who often refer to themselves as “globalists” or “internationalists,” and their goals are rather obvious and sometimes openly admitted: at the top of their list is the complete centralization of government and economic power that is then ACCEPTED by the people as preferable. They hope to attain this goal primarily through the exploitation of puppet politicians around the world as well as the use of pervasive banking institutions as weapons of mass fiscal destruction.

Their strategic history is awash in wars and financial disasters, and not because they are incompetent. They are evil, not stupid.

By extension, perhaps the most dangerous lie circulating today is that central banks are chaotic operations run by intellectual idiots who have no clue what they are doing. This is nonsense. While the ideological cultism of elitism and globalism is ignorant and monstrous at its core, these people function rather successfully through highly organized collusion. Their principles are subhuman, but their strategies are invasive and intelligent.

That’s right; there is a conspiracy afoot, and this conspiracy requires created destruction as cover and concealment. Central banks and the private bankers who run them work together regardless of national affiliations to achieve certain objectives, and they all serve a greater agenda. If you would like to learn more about the details behind what motivates globalists, at least in the financial sense, read my article ‘The Economic Endgame Explained.’

Many people, including insiders, have written extensively about central banks and their true intentions to centralize and rule the masses through manipulation, if not direct political domination. I think Carroll Quigley, Council on Foreign Relations insider and mentor to Bill Clinton, presents the reality of our situation quite clearly in his book “Tragedy And Hope”:
“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank … sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”

This “world system of financial control” that Quigley speaks of has not yet been achieved, but the globalists have been working tirelessly towards such a goal. The plan for a single global currency system and a single global economic authority is outlined rather blatantly in an article published in the Rothschild owned ‘The Economist’ entitled ‘Get Ready For A Global Currency By 2018’. This article was written in 1988, and much of the process of globalization it describes is already well underway. It is a plan that is at least decades in the making. Again, it is foolhardy to assume central banks and international bankers are a bunch of clumsy Mr. Magoos unwittingly driving our economy off a cliff; they know EXACTLY what they are doing.

Being the clever tyrants that they are, the members of the central banking cult hope you are too stupid or too biased to grasp the concept of conspiracy. They prefer that you see them as bumbling idiots, as children who found their father’s shotgun or who like to play with matches because in your assumptions and underestimations they find safety. If you cannot identify the agenda, you can do nothing to interfere with the agenda.

I have found that the false notion of central bank impotence is growing in popularity lately, certainly in light of the recent Fed decision to delay an interest rate hike in September. With that particular event in mind, let’s explore what is really going on and why the central banks are far more dangerous and deliberate than people are giving them credit for.

The argument that the Federal Reserve is now “between a rock and a hard place” keeps popping up in alternative media circles lately, but I find this depiction to be inaccurate. It presumes that the Federal Reserve “wants” to save the U.S. economy or at least wants to maintain our status quo as the “golden goose.” This is not the case. America is not the golden goose. In truth, the Fed is exactly where it wants to be; and it is the American people who are trapped economically rather than the bankers.

Take, for instance, the original Fed push for the taper of quantitative easing; why did the Fed pursue this in the first place? QE and zero interest rate policy (ZIRP) are the two pillars holding up U.S. equities markets and U.S. bonds. No one in the mainstream was demanding that the Fed enact taper measures. And when the Fed more publicly introduced the potential for such measures in the fall of 2013, no one believed it would actually follow through. Why? Because removing a primary support pillar from under the “golden goose” seemed incomprehensible to them.

The Rest of The Story Here

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You Will Soon Lose Everything You Own Unless You Act Now!

23 Sep, 2015 by Dave Hodges www.thecommonsenseshow.com

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“Conspiracy theorist”

Have you ever sat in a room and couldn’t figure out why people were laughing? They laughed and laughed and laughed as your curiosity grew and grew. And then, suddenly, you realized they were laughing at you! This is what is happening to all Americans. We have been robbed blind and we have scarcely noticed. Now, our very existence is being threatened and people laugh at you for talking about it as they call you a “conspiracy theorist”, “fear-monger” and “the purveyor of doom and gloom”.

I was roundly criticized when I said the Cyprus bail-in scenario was coming to the United States. I was told there would be a revolution if this happened and the government would be too afraid to try such a thing and that we would have 100 million Americans in the street who would be heavily armed.

Listening to these sheep is like listening to a country song played backwards. You know the song where the wife does not leave, the truck still runs and the cowboy stops drinking. Maybe it is all the fluoride in the water that is causing such widespread ignorance and apathy.

The globalists are preparing to steal everything you own, they have rehearsed for this day, they are on a timetable to carry this plot out and they are laughing at our collective stupidity!

The Beta Tests for the “Grand Theft of the American People” Are Complete

The American people have been through several beta tests related to our private wealth being confiscated and no resistance was offered by the sheep of this country.

The first of the beta tests included the hijacking of our money in the bail-outs. Amazingly, the people just continued on like business as usual as then ex-Goldman Sachs head and then Secretary of the Treasury, Hank Paulson, oversaw the literal stealing of trillions of dollars of the nation’s money by the criminals on Wall Street.

The MF Global debacle stands as a second beta test in which secured investor accounts were stolen by the friends of Don Corzine at JP Morgan. Despite the fact that the stolen money sat in secured accounts, was ostensibly protected by the Securities and Exchange Commission and insured by the FDIC, over a billion dollars was stolen and nobody went to jail. I can still hear the bankers laughing at the collective impotence of the people of this country.

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Attention Federal Employees: This is man is stealing from you as you read these words.

The appointment of criminal Jack Lew to head the Secretary of the Treasury and nobody cried foul, was the third beta test. Jack Lew was one of the biggest criminals on Wall Street. While at Citigroup, Lew oversaw 113 tax evading accounts in Cayman Island banks. Based upon Lew’s resume, hedge funds for Citigroup where he lost almost 600 million dollars, one can only assume that is why Obama has appointed Lew to finish the job which will leave you and I with nothing. Obama may as well have appointed Al Capone and Capone stole far less money than Lew. But wait, there’s more dirt on Lew. Jack Lew, from Citigroup, was an overseer of hedge funds. You know, the hedge funds originating from the actual criminals that collapsed the economy back in 2008. This is who Obama selected to run the economy. Throughout 2013-14, Lew announced that the government was taking the unprecedented action of avoiding governmental default through this summer by including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan‘s portfolio. This means that when the run on the banks begins to happen, Lew and fellow criminals will move steal all retirement accounts. The handling of these Civil Service retirement accounts was merely a beta test and the sheep remained asleep.

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Everybody gets the joke but the American people.

MERS Mortgage Fraud

While we are counting the ways that the American people have been ripped off by the bankers, let’s not forget to mention the MERS mortgage fraud in which millions of homes have been stolen because mortgage holders have paid the wrong title company because their note has been sold so many times that nobody knows who really owns the note to our homes! And let’s not forget about the Federal Reserve that spent two years buying up mortgage backed securities to the tune of $40 billion dollars a month and that money was obtained from printing money out of thin air which made our money worth less. Very soon America, our money will be worthless.

In November 2014, Bankers Declared Stealing to be Legal

I almost forgot, on November 16, 2014, the G20 nations declared your bank account to NOT be money therefore, your FDIC insurance is invalid and your bank account, when seized, will go to pay the derivatives debt.

Six days prior, the G20 nations, meeting in Brisbane, Australia, declared that the banks own your money when you deposit your paycheck. Subsequently, every time you make a deposit in the bank, you are donating a gift to the very people who stolen our children’s economic future.

While the bankers are laughing at us, I can hear the sheep saying “That will never happen here” and “You are a conspiracy theorist”, “You are fear-mongering” as the bankers collapse to the floor in laughter at our collective stupidity.

When?

When will the economy collapse to the point that even the Federal Reserve will be helpless in finding temporary band aids designed to keep this sinking ship afloat?

Dates are impossible to predict and anyone who does so is engaged in a fool’s errand. However, there is a timeline that is emerging that we might all want to pay attention to. There are eight events, which will happen in succession, that will result in the economic destruction of the United States.

The Great Eight

1. The collapse of the Greek economy and government. This is well underway.

2. The collapse of Spain. This even is in process.

3. The collapse of Italy. Italy will quickly follow Spain’s collapse.

4. The collapse of Ireland. Ireland is hanging on by a thread.

5. By this time, the American economy is reeling. Shortages begin to appear in the United States. Civil unrest grows. Restrictions on bank withdrawals begin to appear. The government will more than likely outlaw the selling of gold to private parties as they want to lock you into their system and cut off all avenues of escape. The outlawing of gold will take place when the elite have horded as much as they can. A wise man would accumulate gold and hide it. After the collapse, you would own a King’s ransom.

6. The bankers will make their move on all American assets when the European Central Bank begins to buckle. With Germany teetering on the proverbial economic cliff, our demise cannot be far behind.

7. There will be a false flag in order to justify the implementation of martial law and the theft of nearly everything you own.Jade Helm is still operational and growing in scope by the day.

8. Dissenters will be quarantined, or worse, in FEMA camps.

Dominoes #1 through #4 will happen very quickly.

Conclusion

Let’s calculate the damages to the American people. Our homes are being stolen through the MERS mortgage fraud with impunity, our tax revenues have been stolen through the bail-outs, the Federal Reserve is debasing our currency as they are printing money like there’s no tomorrow, Jack Lew has positioned the government to seize all retirement accounts, Wall Street has learned that it can steal with impunity given the lack of ramifications resulting from the MF Global theft and soon your bank accounts will be gone thanks to the recent G20 mandate on November 16, 2014. And to add to that, very soon, there will not be a Europe to trade with. Did I leave anything out Mr. and Mrs. Sheeple?

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“Don’t be a conspiracy theorist”

Is the bulk of your money still in the bank and investment accounts? Have you recentlylaughteruttered the words “conspiracy theorist”? Have you still failed to accumulate gold, food, water, guns, ammunition and form protective alliances with your neighbors?

Now, you hear me laughing at you.

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Red List News – Episode 27

Published on Sep 23, 2015
On episode 27 of Red List News, Dave goes deep with a warning to everyone who has FRN’s in the bank. When things get flushed, you get paid last because it’s not your money. Speaking of theft, Jim follows with a report about a JFK Airport TSA agent who gets caught lifting 63 of the aforementioned FRN’s right out of a victim’s wallet. Data mining and Common Core is covered by Dave next, while Jim spotlights the vaccine doctor who turned the tables on the drug companies. Our final two offerings have an international flare as Dave examines the determination by Russia to protect Syria from ISIS, and Jim reports about the similarities between Deutsch Bank of today, and Lehman Brothers of 2008.

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