Here It Comes: We’re Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash

Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years.  Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead.  The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates.  Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown.  And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money.  The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later. For those that are not familiar with the bond market, when yields go […] Read More

Clamp Down on Cash Is the Ultimate Surveillance State: “Citizens Shouldn’t Be Under General Suspicion”

The war on cash is more than just a currency war to  clamp everyone down on the electric grid. It is also a war on your privacy, and the nail in the coffin for the free market of low level transactions. Soon, restrictions on cash will become so severe that even spending $100 will arouse suspicion, despite the constant inflation on the value of such a denomination. One day, physical currency may become obsolete. When that day comes, they will know everything you do. Conducting transactions in anything but digital creds will be not only increasingly difficult, but seen as outright criminal behavior. It might even make you a terrorist. Don Quijones argues on Wolf Street: There are two sides in the global war against cash. On one side are many of the world’s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. […] Read More

Dozens of Stock Markets Are Already Crashing: “Not Seen Numbers Like These Since 2008″

This article was written by Michael Snyder and originally published at his Economic Collapse Blog. Editor’s Comment: The system is beyond the point where it is merely showing stresses and fractures. Things are now falling apart and there may well be no way of putting them back together again. The media will continue to claim everything is fine, until the day of panic and reckoning when it will suddenly be the ‘next Greece’ or ‘2008 all over again’… but worse. 27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015 by Michael Snyder Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you.  Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks earlier this year.  And this is truly a global phenomenon – we […] Read More

Illinois to Postpone Pension Payments “We Are out of Money Now”

This article was written by Joshua Krause and originally published at The Daily Sheeple. Editor’s Comment: This has been a long time coming, but the state is no better prepared for having seen in coming. Like derivatives, the housing bubble and over-priced assets, the pension problems are a serious millstone around the neck of the economic system, and more than weighty enough to send the whole thing into a nosedive. For the past 4 months, Illinois has been embroiled in a budget impasse between the state’s Republican governor, and the Democratic legislature. They’ve gone so long without a budget, that they have to pay their lottery winners in IOUs and may have to shorten the length of their school year. They’re essentially rationing and juggling the finances of their public institutions until the government comes up with a budget. This has resulted in a frightening situation for Illinois’ retirees, […] Read More

Will the Fed Hesitate? “Everything is Too Vulnerable” for Rate Change, Says Ron Paul

The system is teetering on edge, and nearly everyone in the financial sector is waiting for one decision – will the Fed finally raise rates? Ron Paul has made a bold prediction that the Federal Reserve likely will NOT raise interest rates, something which would have enormous consequences in the market, because it is hesitant to do so with so many negative risk factors the market already faces. Fed Chair Janet Yellen – and most in the financial sector – know how much is impinging upon the possible decision to raise rates after years and years of quantitative easing have pushed the limits of stimulating the economy. According to CNBC: By Paul’s reasoning, the Fed is too scared to raise interest rates in the middle of an already weak recovery and risk sending the U.S. economy back into recession, or worse… The Fed chief “does not want to be […] Read More

Dozens of Nations Deep in Debt: “Bankruptcy Of The Planet Accelerates”

This article was written by Michael Snyder and published at his Economic Collapse blog. Editor’s Comment: This debt is becoming contagion. With over $200 trillion in debt across the world, and countless countries, cities and states coming due on obligations they cannot pay, someone somewhere is paying up, while bankers call bets, and government after government prepares to default, and further subject themselves to control by bankers, unless someone takes a stand (think Iceland). Meanwhile the people suffer, things grind to a halt in Greece and elsewhere, and things threaten to spread globally and create more pain, suffering and worry. The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at […] Read More

Billionaire: “We Are Destroying the Middle Class. That’s What Keeps Me Awake at Night.”

“We’re in for a huge change in society. Get used to it. And be prepared.” That’s not a new message, but as the warning will affect the personal wealth, job prospects and ability to stay afloat of nearly everyone on the planet, it is worth paying attention to. They are the blunt words of Johann Rupert, a jewelry and fashion mogul from South Africa worth an estimated $7.5 billion. Rupert blasted the actions of “.1 percent of .1 percent,” or roughly the upper 7,000 individuals of the population, which paints with a narrower brush than the general class warfare slogans against the 1%, who instead make up an enormous 70 million people across the globe. Bloomberg reported: “We cannot have 0.1 percent of 0.1 percent taking all the spoils… It’s unfair and it is not sustainable.” “How is society going to cope with structural unemployment and the envy, hatred […] Read More

Coming for Your Funds: Supremes “Justify Seizure of Pension Funds to PROTECT Pensioners”

This article was originally published by Paul Joseph Watson at Infowars.com. Editor’s Note: Incredibly, and in direct defiance of any sane logic, a recent Supreme Court decision has justified “government seizure of private pension funds to protect pensioners,” according to famed economist Martin Armstrong. This unsettling decision puts 401ks and plenty of other funds in the crosshairs. How that can be considered consumer protection, or government shepherding is unclear, if not unfathomable. Nonetheless, the rationale is in place – so beware. It has long since been legalized for Wall Street equity firms to gamble away pensions – including public pensions for states like California – through derivatives, while it has long since been legalized for the Federal Reserve to literally grow paper on trees, hand out free candy to sugar addicts and make money (for those at the top) so cheap its practically free – all driving down the […] Read More

Bailout is Back: Fannie and Freddie Likely Need “Additional Treasury Investment” After Derivatives Losses

There is trouble again for federal mortgage backers and bailout queens Fannie Mae and Freddie Mac, whose failures helped to trigger the housing market collapse and subsequent 2008 economic crisis. The government enterprises are again turning their lowest profits since the recovery, thanks to derivatives losses – where most of the mortgage lender money is invested: Fannie Mae will make its smallest payment to taxpayers in more than four years after large derivatives losses crimped its fourth-quarter profit, the government-controlled mortgage financier said on Friday. Fannie Mae said a drop in long-term interest rates sharply reduced the value of the derivatives contracts it uses as hedges in financial markets, adding that low capital buffers are raising the risk it could need taxpayer money in the future. The derivatives losses helped reduce quarterly profit to $1.3 billion, about 80 percent less than a year earlier, and the $1.9 billion check […] Read More