We all can see thiseconomy coming to a head soon- financial collapse is the most likely SHTF scenario in my book. Once the food stops being delivered to the grocery store- the zombies will attack for whatever biscuits you have. 12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here Are we running out of time? For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money. This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an "aberration" and that now things are back to normal. Unfortunately, that is not the case at all. The truth is that the financial crash of 2008 was just the first wave of our economic troubles. We have not even come close to recovering from that wave, and the next wave of the economic collapse is rapidly approaching. Our economy is like a giant sand castle that has been built on a foundation of debt and toilet paper currency. As each wave of the crisis hits us, the solutions that our leaders will present to us will involve even more debt and even more money printing. And each time, those "solutions" will only make our problems even worse. Right now, events are unfolding in Europe and in the United States that are pushing us toward the next major crisis moment. I sincerely hope that we have some more time before the next crisis overwhelms us, but as you will see, time is rapidly running out. The following are 12 things that just happened that show the next wave of the economic collapse is almost here... #1 According to TrimTab's CEO Charles Biderman, corporate insider purchases of stock have hit an all-time low, and the ratio of corporate insider selling to corporate insider buying has now reached an astounding 50 to 1.... While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record.#2 On Friday we learned that personal income in the United States experienced its largest one month decline in 20 years... Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.#3 In a stunning move, Michigan Governor Rick Snyder says that he will appoint an emergency financial manager to take care of Detroit's financial affairs... Snyder, 54, took a step he avoided a year ago, empowering an emergency financial manager who can sweep aside union contracts, sell municipal assets, restructure services and reorder finances. He announced the move yesterday at a public meeting in Detroit.If this does not work, Detroit will almost certainly have to declare bankruptcy. If that happens, it will be the largest municipal bankruptcy in U.S. history. #4 On Friday it was announced that the unemployment rate in Italy had risen to 11.7 percent. That was a huge jump from 11.3 percent the previous month, and Italy now has the highest unemployment rate that it has experienced in 21 years. #5 The youth unemployment rate in Italy has risen to a new all-time record high of 38.7 percent. #6 On Friday it was announced that the unemployment rate in the eurozone as a whole had just hit a brand new record high of 11.9 percent. #7 On Friday it was announced that the unemployment rate in Greece has now reached 27 percent, and it is being projected that it will reach 30 percent by the end of the year. #8 The youth unemployment rate in Greece is now an almost unbelievable 59.4 percent. #9 On Saturday, hundreds of thousands of protesters filled the streets of Lisbon and other Portuguese cities to protest the austerity measures that are being imposed upon them. It was reportedly the largest protest in the history of Portugal. #10 According to Goldman Sachs, bank deposits declined all over Europe during the month of January. #11 Over the weekend, the deputy governor of China's central bank declared that China is prepared for a "currency war"... A top Chinese banker said Beijing is "fully prepared" for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday. Yi Gang, deputy governor of China's central bank, issued the call after G20 finance ministers last month moved to calm fears of a looming war on the currency markets at a meeting in Moscow. Those fears have largely been fuelled by the recent steep decline in the Japanese yen, which critics have accused Tokyo of manipulating to give its manufacturers a competitive edge in key export markets over Asian rivals.#12 Italy is an economic basket case at this point, and the political gridlock in Italy is certainly not helping matters. Former comedian Beppe Grillo's party could potentially tip the balance of power one way or the other in Italy, and over the weekend he made some comments that are really shaking things up over in Europe. For one thing, he is suggesting that Italy should hold a referendum on the euro... "I am a strong advocate of Europe. I am in favor of an online referendum on the euro," Beppe Grillo told Bild am Sonntag. Such a vote would not be legally binding in Italy, where referendums can only be used to repeal laws or parts of laws, but would carry political weight. Grillo has said in the past that membership of the euro should be up to the Italian people.In addition, Grillo is also suggesting that Italy's debt has gotten so large that renegotiation is the only option... In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt. At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine. He said Italy was in such dire economic straits that “in six months, we will no longer be able to pay pensions and the wages of public employees.”And of course government debt has taken center stage in the United States as well. The sequester cuts have now gone into effect, and they will definitely have an effect on the U.S. economy. Of course that effect will not be nearly as dramatic as many Democrats are suggesting, but without a doubt those cuts will cause the U.S. economy to slow down a bit. And of course the U.S. economy has already been showing plenty of signs of slowing down lately. If you doubt this, please see my previous article entitled "Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money". So what comes next? Well, everyone should keep watching Europe very closely, and it will also be important to keep an eye on Wall Street. There are a whole bunch of indications that the stock market is at or near a peak. For example, just check out what one prominent stock market analyst recently had to say... "Every reliable technical tool is warning of major peaking action," said Walter Zimmerman, the senior technical analyst at United-ICAP. "This includes sentiment, momentum, classical chart patterns, and Elliott wave analysis. "Most of the rally in the stock market since 2009 can be chalked up to the Federal Reserve’s attempt to create a ‘wealth effect’ through higher stock market prices. This only exacerbates the downside risk. Why? The stock market no is longer a lead indicator for the economy. It is instead reflecting Fed manipulation. Pushing the stock market higher while the real economy languishes has resulted in another bubble. "The next leg down will not be a partial correction of the advance since the 2009 lows. It will be another major financial crisis. The worst is yet to come."Sadly, most people will continue to deny that anything is wrong until it is far too late. Many areas of Europe are already experiencing economic depression, and it is only a matter of time before the U.S. follows suit. Time is running out, and I hope that you are getting ready. So what do you think? How much time do you believe that we have left before the next wave of the economic collapse strikes?
I don't know. I read the article on ZeroHedge a few days ago, and barring any unforseen (blackswan) event, I think the central banks have a bit more playing room. I used to think back in 2009 that it was going to crash down any moment, but it didn't. I'm NOT saying that it won't come tumbling down, I'm just saying that I think the central banks can continue to play with everybody's money and dictate policy for some time to come. After reading a bit more into history, I personally believe that when we styart seeing more isolationist type laws (what we should have done a long, long time ago) are put into place on everyone's sides, than you will see an escalation. The threads that bind us are thin, but to my supprise, the threads in this country are quite numberous, albeit we loose more every time they enact stupid policy to "make it fair". It's hard to say. It seems like we are spinning faster and faster than we were back in 2009, and I thought we were going to split at the seams back then. I guess the country is a bit tougher and more resiliant than I thought. No food roits as of yet. I know it won't be hard to make them happen, though, I just don't think they are in the plans for this immediate future. I guess they are going to drag this "slow burn" as far as they possibly can.
Remember this the banks win either way. They cause the crashes for profit. More important is the coming inflation. Once interest rates rise the interest on the U.S. debt will be unpayable. People will not be able to afford food and that is when it unravels.
Snyder is just another Alex Jones profiting from doom and gloom. Both are blind squirrels that claim prophetic powers when they finally find a nut (or when anyone finds a nut). They are good for entertainment and a nugget of truth here and there, but bad for your blood pressure if you take them too seriously.
this is just my opinion, but I dont think they will let it collapse completely. There is no production from us good little robots if everything collapses. Do I think things will get difficult between now and the end of the year? Maybe. only time will tell.
When I first started prepping it was for storms and other forms of disasters but the economy collapsing has became one of my biggest fear over the past several years. The U.S. can not continue in the way it has been going supporting all these other countries and all the ones right here at home who wont work and have became ticks on a already bleeding economy.
I think one of the biggest issues is the Government telling the masses of zombie sheeple that everything is fine we will fix the problem it is under control. If you notice anytime numbers come out that Big Brother don't like they come out with their own numbers to dispute it. So when the time comes and it will come anyone who has prepared will not only have to worry about everyday life in a fallen Country with a corrupt government wasteland but we will have to worry about hoards of zombie sheeple who believed in a broke system and followed the road of a promised better day. Because they will expect to have and if not kill and rape and rob to get it. It has already started if you don't believe me just look at some of you food supplies from a year ago and compare cost today
War is the answer. It is the historical solution to prevent a collapse. I think it has slowly started in the sandbox and will blossom into a big one.
Letting your military and designs on empire write checks that your economy can't cash is also a good way to cause collapse too...ask the former Soviet Union. That is the more likely scenario I see for us...the US is going to continue to foolishly meddle in the affairs of the entire world...fighting lots of little wars and faux wars in the process...until finally the economic realities come home to roost and we implode on ourselves...with vultures foreign and domestic swooping in to claim their piece of the rubble. I think that in the same way that we drove the Soviets into self-destructing, the Chinese, Russians, and even some of our alleged allies (Saudi Arabia anyone?) are today happily helping us down that same path.
@chimo - I have stopped trying to predict anything that is outside of my control. I used to read all the headlines and economic doom and gloom and predicted collapse 20-30 times by my own analysis and each time I failed. The result for me was paralysis. Here is what I believe: The US Dollar is still the primary reserve currency The US Dollar (and the Pound) are where money moves in turbulent times. As long as this is the case, the.... ....Central Bankers will control the destruction of the dollar, but the time has not come until a true replacement is ready. China is being groomed for the position, but China is a communist nation with made-up financials. When a replacement is truly ready and becomes the currency to which money flies, then we need to be concerned about collapse The US military is still the strongest; China is copying and building a global military that is trying to compete. (China has 1 aircraft carrier and 1 under construction; Russia 1; US = 10 + 2 in reserve) US Military will be dominant for sometime to come unless the world gangs up on us with surprise, pre-emptive attacks @melbo - Over Thanksgiving, we shared our day with Melbo. We had a good chance to speak and I think the most solid advice in a long time came out of this. Both Melbo and I used to focus on the imminent collapse that never happened. Melbo said, "I have more or less stopped following all the things that are out of my control. I am now focused locally. Getting to my my neighbors, making friends, finding like minded people, planning to build a "living" retreat home, etc. These are the things in my control. What ever happens globally is going to happen with or with out me and far beyond my control or ability to predict. I now focus on that which is in my control and am not paralyzed by that which I am not." (Paraphrased but you get the gist). If you were to go back and look at how many times there has been a post like: 12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here you will probably realize that about 12 things happen every month that show it is almost here and someone posts a different list. At some time, one month in the future someone will get lucky. Who knows when? None of us. What you will notice is that the original post was in 2013. We are about to enter 2016.
I do however think we are coming up on great recession round 2. Not a shtf event for everyone but still good to have your financial house in order just in case.
