The coming economic collapse

[carpro]

http://research.economyandmarkets.com/X195R363/



Former Reagan Budget Director Warns 'ALL **** TO BREAK LOOSE'

Investigative Report from Dent Research



Not missing a beat, Stockman adds, “No central bank has ever printed this much money this long, kept interest rates at zero, and fueled so much speculation . . . they’ve painted themselves in a corner, they’re playing it day by day, and they’re going to make a HUGE mistake!”

Stockman’s controversial statement is causing an uproar from Wall Street and politicians on both sides of the aisle.

Convinced that the entire “economic recovery” is fake . . . that it has merely been propped up by reckless money printing, interest rate cuts, and bailouts for Wall Street . . . Stockman is urging average Americans to prepare for an unstoppable economic collapse.

 

[InTheLight]

This is a year old. Stockman is trying to sell his book. Where is the crisis?

 

[kyredneck]

Have you looked at the debt clock lately?

There's going to be a reckoning some day.

 

[Crabtownboy]

I have been hearing this ever since I was a kid. Seriously, that is a fact.

 

[carpro]

This is a year old. Stockman is trying to sell his book. Where is the crisis?

Does that mean it's not worth a listen?

We all know what he says is true, that the economy has been propped up by artificially low interest rates, the government printing press, and bailouts.

There has to be a day of reckoning. Somebody should be sounding the warning. Stockman is not the only one that is doing so.

 

[SolaSaint]

I have been hearing this ever since I was a kid. Seriously, that is a fact.

Although I haven't heard this since I was a kid, I have heard it for a long time now. It is almost like the boy who cried wolf, but I do think we will come to a breaking point someday.

 

[InTheLight]

Does that mean it's not worth a listen?

Sure, I like David Stockman.

We all know what he says is true, that the economy has been propped up by artificially low interest rates, the government printing press, and bailouts.

"Propped up"? More like being aided by these things. Corporations are generally profitable. Earnings drive the economy and Wall Street. Earnings have been good.

As to interest rates, yes they are low, but banks aren't making a lot of loans. Generally speaking businesses have cash in the bank they don't need to borrow money.

There has to be a day of reckoning. Somebody should be sounding the warning. Stockman is not the only one that is doing so.

Yes, there have been bears predicting doom for the past 5 years or so. Too bad they've missed out on one of the nicest runups in the stock market history.

I am very surprised that there hasn't been a correction in a long time. One of these days there will be a 7% - 10% decline in the market. But a "day of reckoning", like a 20% - 30% drop in the market? I don't see it any time soon.

 

[carpro]

Although I haven't heard this since I was a kid, I have heard it for a long time now. It is almost like the boy who cried wolf, but I do think we will come to a breaking point someday.

And it happened in 2008. The next one will be worse.

If we had a real recovery from the 2008 collapse, we wouldn't be hearing these particular warnings.

The Obama administration and it's economic advisors are all lying. It's not only a jobless "recovery", wages have hardly increased at all in the last 7 years. Meanwhile the printing presses keep hummimg and subprime mortgage lending is again on the rise, courtesy of the governments prodding. Repeating mistakes of the past. they learned nothing.

It simply can't go on forever.

There are only 2 questions...When and How bad? Experts say much worse than the last one.

 

[carpro]

http://www.newsmax.com/Finance/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

Economists Caution: Prepare for 'Massive Wealth Destruction'

Take immediate steps to protect your wealth . . . NOW!

That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.

Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”

When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”

Faber points out that this bleak outlook stems directly from former Federal Reserve Chairman Ben Bernanke’s policy decisions, and the continuous printing of new money, referred to as “quantitative easing” in the media.

Faber’s pessimism is matched by well-respected economist and investor Peter Schiff, the CEO of Euro Pacific Capital. Schiff remarks that the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

Schiff didn’t stop there. Most alarming is his belief that daily life will get dramatically worse for U.S. citizens.

 

[poncho]

One Last Look At The Real Economy Before It Implodes - Part 1

The Baltic Dry Index has been a steadfast indicator of the REAL economy for many years. While most other indexes and measures of fiscal health are subject to direct or indirect manipulation, the BDI has no money flowing through it and, thus, offers a more honest reflection of the world around us. In the past two months, the index measuring shipping rates and international demand for raw goods has hit all-time historical lows, plummeting 57 percent over the course of the past 12 months and 30 percent for the year to date.

http://www.alt-market.com/articles/2528-one-last-look-at-the-real-economy-before-it-implodes-part-1

Woo Hoo the stock market is doing great!

 

[Crabtownboy]

And it happened in 2008. The next one will be worse.

If we had a real recovery from the 2008 collapse, we wouldn't be hearing these particular warnings.

The Obama administration and it's economic advisors are all lying. It's not only a jobless "recovery", wages have hardly increased at all in the last 7 years. Meanwhile the printing presses keep hummimg and subprime mortgage lending is again on the rise, courtesy of the governments prodding. Repeating mistakes of the past. they learned nothing.

It simply can't go on forever.

There are only 2 questions...When and How bad? Experts say much worse than the last one.

Oh it has happened several times in my lifetime. The worst was Bush's disaster that Obama haters try to blame him for.

Remember the Dot.Com bust?

Remember the falling out of bed back around 1990?


I took hits on all those. As I said the worst was Bush's disaster. The 1990 hurt, but recovery was relatively fast. The Dot.Com affected me the least.

If the next one is worst it will be because a Republican is elected in 2016 and he destroys the momentum we are experiencing now.

I am in the stage of life where I am protecting what I have.

 

[carpro]

The worst was Bush's disaster that Obama haters try to blame him for.

Red herring.

2008 wasn't Obama's fault. I don't know anyone that says it was.

But his dunderheaded economic policies since then have killed any chance of a robust recovery. And he's sowing the seeds for the next collapse as he lies about the state of our economy now.

Only a Kool-aide drinker like you believes a word that comes out of his lying mouth.