The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 2008 financial crisis. Show all posts
Showing posts with label 2008 financial crisis. Show all posts

Sunday, April 2, 2017

Three well respected economists along with Bank of America advocate gold as they see markets on precipice of collapse

It is one thing for economists outside the mainstream to see markets in extreme bubbles and on the precipice of another 2008 style crash, but when one of Wall Street's own starts publicly talking about the same thing then you know that the threat is quite legitimate.

And that is what happened on March 31 as new warnings from billionaire investor Jim Rogers, economist Martin Armstrong, motivational speaker and trainer Tony Robbins, and of all places Bank of America have several different experts all pointing towards the probability of a new financial crisis, and where each of them are advocating the best safe haven for your money to be that of gold.


From BofA:
Hartnett also presents "a nice Icarus stat": "should the S&P500 exceed 2540 in conjunction with a 3% yield on the 10-year Treasury bond then US stocks will reach an all-time high versus US bonds, exceeding the prior tech bubble peak reached in March 2000"
Still, all great - if abnormal and fake - bull markets and manias come to an end eventually, and Hartnett warns that what follows the final, Q2 "Icarus" rally will be far less enjoyable, because that's when the infamous "great fall" is set to take place. 
Great Fall” potentially comes in H2 as hubris, synchronized monetary tightening, EPS peak coincide; buy long-dated puts in anticipation; we believe best time to sell would likely be after a pop induced by a US tax reform bill (March Fund Managers Survey showed only 10% of institutions expect US tax reform passed before summer recess). 
And yes, the Fed will likely try to step in again with more rate cuts to prevent a crash, although this time it won't work at least according to Hartnett, because after the "Great Fall" comes the Long View, which Bank of America describes simply as: Manias, Panics, Crashes 
His conclusion is two fold.                
On one hand, "our Longest Pictures argue for a treacherous period of potential manias, panics or crashes as policy makers try to normalize policy."On the other, the response will be the same one we have said since day one will ultimately take place: runaway inflation as central banks literally throw everything at the next mega crash, or as Hartnett calls it, "further outperformance of inflation assets versus deflation assets." 
His best trade recommendation? 
"Buy gold." - Zerohedge
From Jim Rogers:
In his usual plain speaking, honest manner, Jim Rogers warned on Bloomberg TV that
"the Federal Reserve... has no clue what they are doing. They are going to ruin us all." Central banks have driven rates to all time record lows and in the process, debt has "sky-rocketed." 
Rogers slams the 'counterfactual' arguments that things would have been a lot worse if the Fed had not done all this, "propping up zombie banks and dead companies is not the way the world is supposed to work. ... It's been nine years and we have nothing to show for it [economically] except staggering amounts of debt." 
Rogers is pessimistic about the outlook for America and thinks that Donald Trump will see the US continue on the path to bankruptcy - a path set by Bush and Obama before him. 
He concludes the Bloomberg interview ominously by saying that "this is all going to end very, very, very badly." 
In recent years, Rogers has consistently said that he wants to own more gold and silver and will continue to accumulate the precious metals on any price dips.
From Martin Armstrong:
Armstrong is nervous about gold in the short term and thinks it could fall as low as $1,000 per ounce prior to surging to as high as $5,000 per ounce in the coming years.
From Tony Robbins:

Tony Robbins, performance coach and self help guru has warned that "The Crash is Coming." 
Robbins, who is focusing more on finances and wealth in recent years and in his latest book, 'Money: Master The Game', says plan now for what's to come. Things may be looking rosy on Wall Street as of late, but the crash will come. 
"We are in a really artificial situation. There is a new high, on average, every month. Feds around the world have been printing money," said Robbins in a tv interview. 
Robbins has long advocated owning gold as part of a diversified portfolio and has cited Kyle Bass, Marc Faber and more recently Ray Dalio as his financial gurus. In his recent book, Robbins cited Dalio and recommended an asset allocation strategy that involves a 7.5% allocation to gold.

Saturday, April 1, 2017

Pension bomb climbs to nearly $2 trillion in a decade as Fed and zero interest rates kill Americans chance of retirement

With the Federal Reserve picking winners in their monetary policies since the 2008 financial crisis, the real losers have been the 10's of million of retirees, and the hundreds of millions of Americans who have lost purchasing power thanks to stagnant wages and rising inflation.  And it is directly on the heads of the central bank that the wealth disparity between the 1% and everyone else has taken place.

And because of the massive expansion of credit and debt, and the keeping of interest rates below 1% for over a decade, the nuclear bomb that is America's underfunded retirement scheme is now on the precipice of not only exploding, but also taking down local and state governments with it.

Just how big is the underfunded pension bomb you might ask?  Numbers as of the end of March 2017 now show that the total is just under $2 trillion, and has gone up nearly 10 times since 2007 and just before the financial crash.

Image result for pension bomb
Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true.  Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages.  Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it. 
On a day to day basis, Americans generally don’t think very much about pensions.  Most of those that have been promised pensions simply have faith that they will be there when they need them. 
Unfortunately, the truth is that pension plans all over the country are severely underfunded, and this has already resulted in local fiascos such as the one that we just witnessed in Dallas. 
But what happened in Dallas is just the very small tip of a very large iceberg.  According to Bloomberg, unfunded pension obligations on a national basis “have risen to $1.9 trillion from $292 billion since 2007″… 
As was the case with the subprime crisis, the writing appears to be on the wall. And yet calamity has yet to strike. How so? Call it the triumvirate of conspirators - the actuaries, accountants and their accomplices in office. Throw in the law of big numbers, very big numbers, and you get to a disaster in a seemingly permanent state of making. Unfunded pension obligations have risen to $1.9 trillion from $292 billion since 2007. 
And of course that $1.9 trillion number is not actually the real number. 
That same Bloomberg article goes on to admit that if honest math was being used that the real number would actually be closer to 6 trillion dollars… 
So why not just flip the switch and require truth and honesty in public pension math? Too many cities and potentially states would buckle under the weight of more realistic assumed rates of return. By some estimates, unfunded liabilities would triple to upwards of $6 trillion if the prevailing yields on Treasuries were used. That would translate into much steeper funding requirements at a time when budgets are already severely constrained. Pockets of the country would face essential public service budgets being slashed to dangerous levels. -  The Economic Collapse

Wednesday, February 22, 2017

How Donald Trump can bailout the American consumer without costing the government a dime

When the government was suddenly faced with the possibility of the entire Western financial system collapsing during a weekend back in September of 2008, Congress approved a bailout measure that was dedicated only for Wall Street, and left the American people stuck with their own massive accumulation of debts.  And of course this bailout of the 1% by the U.S. government to the detriment of the 99% saw many Americans lose their homes in foreclosure to the same banks that received taxpayer money, making the public outrage two-fold.

Now nine years later, debt levels for both consumers and Wall Street have once again grown to dangerous levels, and are threatening the very fabric of the global financial system.

But unlike in 2008 when the U.S. government was run by bought and paid for establishment politicians like George Bush, Dick Cheney, Hank Paulson, and Chuck Schumer, there is now someone in the White House who not only understands debt, remediation, bankruptcy, and negotiation, but is a populist who appears to favor helping the American people over the bankers and shills working on Wall Street.

Which bears the question then of how exactly could President Trump bailout the tapped out consumer without it costing a single dime to the taxpayer, or the budget?

In an interview on Feb. 22 with USA Watchdog's Greg Hunter, Nobel Prize nominee Robert David Steele provided a scenario proposed from one of his contacts that could allow President Trump to act as the negotiator for the entire American populace regarding their debt, and force the banks to a choice... either cut the interest rates and outstanding debt held by the American consumer in each of their individual accounts, or he would promote their stopping payments altogether and backstop this through a mass Pardon which would wipe away their legal obligations to the debt entirely.

Image result for make american consumers great again
Robert David Steele: Now let me point out a debt you haven't focused on, which is the three trillion that individuals owe to bloodsucking banks that have basically violated every biblical precept and with legalized crime are charging 29% interest rates. 
I have proposed, and this is not my idea... someone smarter than me came up with this idea but I think it's brilliant, if Donald Trump created a website, something that could easily be created overnight, and if 150 million people registered their student debt, their medical debt, their family credit card debt, and their small business debt and they authorized Donald Trump to renegotiate that debt on their behalf... and Donald Trump has one to two to three trillion dollars worth of debt that he is the authorized personally assigned agent of the American people, he can go to the banks and say folks, we're going to cut this debt by two-thirds, and if you don't do that... because the banks have already made back their money and are just sucking blood from a rock with interest rates, I am going to ask every American to stop paying these debt and I am going to give ever American a Presidential Pardon.

Wednesday, January 27, 2016

Goldman Sachs fined only $5.1 billion for causing 2008 financial crisis

It pays to know the right people when it comes to most things in life, and this axiom cannot be said any better for the financial institution known as Goldman Sachs.  Seven years ago, the bank that feeds executives into the highest levels of government and central banks should have gone bankrupt and disappeared like Bear Stearns and Lehman Brothers.  But thanks to one of their own being in the position of U.S. Treasury Secretary, not only was the financial institution bailed out with taxpayer money, they also were the only bank to receive 100 cents on the dollar for their toxic assets tied with insurer AIG.
And now in 2016, regulators within the government have finally decided to make Goldman pay for their involvement in nearly bringing down the entire global financial system by quietly giving them a slap on the wrist, and imposing a meager $5.1 billion fine for their actions.

Read more on this article here...