peter schiff : Last Warning To America - Dollar Will Collapse 100% on 27...





THE COMING ECONOMIC COLLAPSE...WHEN???

MONEY MANAGEMENT EDUCATION 101


1. UNDERSTANDING WORLD CONDITIONS/MARKETS
CURRENT SITUATION: 


As of two days ago...Silver has gone up 43% since the beginning of this year. gold has gone up almost 24%. 

Silver has been bouncing between $19-$21 for the last 3 weeks. Today it's going down...As expected, silver is down below $20 this morning. --the Guess is that it should hit around $19.10--$19.20 before going back up. If it hits below $19.30--- a good time to buy. 

WHY? This is because the Euro is collapsing and European money is flowing into the US stock markets because of two things....BREXIT (Britain leaving EU) and the violence/terrorism problems there). As a result... US stock markets are at an all time high...and the value of the dollar is up. (pushing gold and silver down) 
But, it is a false temporary high. There is no foundation to it. Jobs are worse, economy is worse, violence is worse. Big corporations are still cutting jobs... even an article today says that Wall street is cutting jobs and reducing pay of top employees. (see article below) 

The Fed is talking about printing more money to try and stimulate the economy. Earlier this week.. the White House even reduced it's economic projections for the rest of the year. That's really bad when the official liars even have to admit it's failing. 

Oil is at $56... but, there is still an oil glut...because economies are bad and not expanding and no one is buying...anywhere in the world. No one is shipping anything. 

Interesting note... silver and gold sales are also at all time highs.

2. WHAT IS THE NEXT BIG FINANCIAL EVENT?
... Well, it is the next big US/GLobal stock market crash. It will make the 2007-2008 crash look small by comparison. 

WHY? All of the parameters that lead to the 2007 crash... are here again... only much larger. 

WHAT WILL BE DIFFERENT THIS TIME? (besides more bank collapses, bigger stock market collapse, more job losses as businesses close...etc.)

BIG DIFFERENCE 1: The big difference this time is that in 2013... the global banks (G20) passed what is known now as the "Cypress" rule or the BAIL-IN. iN 2008 the Federal government bailed out the big banks. Now however... a Bail-in has been prepared..because the Federal Government doesn't have the money. NOW... If a bank gets into trouble....it can convert its depositors monies into bank assets to be used to pay off the banks debts. (there were almost 500 banks that failed after 2007 crash...whereas the five years before there were only 10).


What about FDIC...won't it protect the depositors monies? ... Well, they have figured out a slick way around the FDIC guarantee. This is how it works: The bank in trouble exchanges (converts) the deposit cash for its bank stock. So then the bank keeps the cash... and the depositor is left holding paper stock in the bank. Since, it is no longer deposited cash... it is no longer guaranteed by the FDIC. (FDIC... Federal Deposit Insurance Corporation). 

BIG DIFFERENCE #2: The economy is already in the toilet. In 2007 it was great. Now we have 24% real unemployment, almost 50% of families are receiving government assistance in one form or another, welfare and everything else...is off the charts. Printing more money this time won't help "kick the problem down the road" much. 


BIG DIFFERENCE #3: THE VIOLENCE/RIOTS/UNREST IN THE STREETS. In 2007-2008 there was little racial tension and little violence. Completely different story now. After 7+ years of Obama it is a HUUUUGE powder keg ready to blow. and the bank/market collapse could very well be the big trigger that sets it all aflame.

BIG DIFFERENCE #4: REFUGEES AND ILLEGAL ALIENS HAVE FLOODED THE COUNTRY. While most of them want better jobs, etc.... too many are here to destroy America and change it to something else. And then there are the terrorists... who are here to kill and destroy. If they are presented with an opportunity... they will explode. 

BIG DIFFERENCE #5: OBAMA HAS BEEN IN GOVERNMENT FOR 7+ YEARS... THEY ARE READY FOR THE EVENT NOW... AND HAVE ACTUALLY FOSTERED THINGS FOR SUCH A COLLAPSE AND THE RESULTING ANARCHY/CHAOS SO THAT HE CAN DECLARE NDAA/MARTIAL LAW:
  • NDAA HAS BEEN PASSED. (Obama can declare Martial Law, suspend ALL civil liberties--all laws, become Dictator, arrest people without reason and jail them/execute them without trial--indefinitely, take over all property and assign people to work gangs, etc.)
  • JUSTICE DEPARTMENT/DHS/ ETC. HAVE BECOME CORRUPTED.
  • EVERY FEDERAL AGENCY HAS BEEN FULLY ARMED AND CORRUPTED
  • A LOT OF MILITARY LEADERSHIP HAS BEEN PURGED.
  • CHINESE AND RUSSIAN TROOPS ARE HERE NOW... AND HAVE PRACTICED CONTROLLING THE US CIVILIAN POPULATION WITH US TROOPS.
  • JADE HELM 2015--AND MOST IMPORTANTLY 2016. (Jade Helm 2015 was US military/DHS multi-state event to practice to identify anti-government rebels, arrest them, and take them away. Jade Helm 2016 appears to be ... Training to Withhold Food From the American People.) 



3. WHEN MIGHT THE NEXT CRASH OCCUR?.... Great question... no one knows for sure. Most financial experts (the ones who correctly called the 2007 collapse) say it is probably the end of this year... starting at the October turnover time.

PLEASE NOTE...THAT PETER SCHIFF... IS INDICATING
 

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Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse. Today, Schiff continues to argue that the economy is on a downhill trajectory,and this time there’ll be no stopping it…


Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse. Among other things Schiff warned that consumer spending had hit a wall, stocks were overpriced and lax credit lending practices would lead to a detonation of the banking system. Rather than heed the warnings, the biggest names in mainstream media tried to discredit him for not toeing the official narrative. Shortly thereafter, of course, Schiff was vindicated and much of the doom he had forecast came to pass.

HIS CURRENT PREDICTION... AND TIMING ESTIMATE: 

peter schiff : Last Warning To America - Dollar Will Collapse 100% on 27 September 2016
Published on Apr 13, 2016
"The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.And sure The Dollar Collapse And The Economic Collapse Will Be on 27 September 2016..."


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THE BAD ECONOMY: Bank earnings: Wall Street is running out of jobs to cut
Jon Marin 8:00 Eastern 7/20/2016 
Wall Street's top bankers are getting their pay slashed. But at least they're keeping their jobs.
Investment banks cut pay to begin the year, when a disastrous first quarter hampered earnings. But now, even as markets and bank performance rebound — Morgan Stanley on Wednesday morning became the latest major Wall Street firm to top analysts' estimates —they're still slashing compensation.
It's a sign that the banking and trading businesses on which Wall Street's leading banks rely for billions of dollars in revenue are hitting peak efficiency. Having already pared down headcount to get profitable last quarter, it looks like big banks are running out of jobs to cut.
Investment banking firm Morgan Stanley revealed in its earnings Wednesday that it has cut compensation 9 percent, from $4.4 billion to $4 billion, on lower revenue. But total staff only fell by only 2 percent, to 54,529.
When Goldman Sachs reported earnings Tuesday, it had a similar tale to tell. The bank cut compensation 13 percent year-over-year, but cut only 100 total workers over the same time period (a change of less than one percent).
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“The Whole Economy Has Imploded…Collapse Is Coming” – Peter Schiff
Posted on June 9, 2016 by The Doc 

“We’re Going to Have a Crisis”


Today, Schiff continues to argue that the economy is on a downhill trajectory, and this time there’ll be no stopping it. All of the emergency measures implemented by the government following the Crash of 2008 were merely temporary stop-gaps. The light at the end of the tunnel being touted by officials as recovery, Schiff has famously said, is actually an oncoming train. And if the forecast he laid out in his latest interview is as accurate as those he shared in 2007, then the the train is about to derail.

Schiff quote: 

We’re broke. We’re basically living off of debt. We’ve had a huge transformation of the American economy. Look at all the Americans now on food stamps, on disability, on unemployment.

The whole economy has imploded… the bottom hasn’t dropped out yet because we’re able to go deeper into debt. But the collapse is coming.
Fundamentally, America is worse off now than it was pre-crash. With the national debt rising unabated and money being printed out of thin air without reprieve, it is only a matter of time.
Schiff notes that while government statistics claim Americans are saving again and consumers seem to be spending, the average Joe Sixpack actually has a negative net worth. But most people don’t even realize what’s happening:


I read a statistic… The average American has less than a $5000 net worth… it’s pathetic… we’re basically broke… but in fact it’s much less… If you actually took the national debt and broke it down per capita, the average American has a negative net worth because the government has borrowed in his name more than the average American is able to save.



What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.


We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill.

The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.

And then the party is going to come to an end.
The problem, of course, is that no one with any real influence over public perception, like our elected officials or the media, will do anything about it. They’ll continue the party until it comes to an abrupt and irreversible end, and anyone who goes against the official narrative will be branded a lunatic gloom and doomer or extremist.
But vilifying those who are blaring the warning sirens will do nothing to change the end result:


We’re going to have a crisis… There are always going to be people who say ‘well, you’re a stopped clocked… you keep predicting doom and eventually it happens’… but you have to back and listen to why… Why are they saying it?

If you look back at things that I’ve said and the things that Ron Paul has said… This is why it’s happening… it’s not like we’re just saying negative things to be negative and then when something negative happens we can claim credit for it happening.

If you look back at the events it bears out that we’re right… unfortunately our opinions are in the minority… and you have governments that have a vested interest in ignoring these opinions because they don’t want to change because they’re at the root cause of the problem. But they don’t want to acknowledge their role in creating the problem. They don’t want to acknowledge that the problem is more government and that we need less government because that’s not how they stay in power. They promise something for nothing… they promise that government is the solution for your problems, not the cause of your problems.

They’re never going to acknowledge people like Ron Paul for what they’re saying… but they’ll try to discredit you by saying ‘well, you’ve been saying this for years and nothing bad has happened.’

But look around. A lot of bad stuff has happened. We just haven’t had the final and complete collapse. But what good is it when that happens? Now it’s too late to do anything about it.
The reality is that the American economy is on its last leg. Black Friday sales were pitiful, some of the world’s leading companies are warning of recession, and U.S. national debt will soon surpass $20 Trillion.
Just as was the case before the Crash of 2008, all of the signs are there. And just like before, the stock market continues to hover near all-time highs.
If you’ve been paying attention you know what happens next.

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John Embry: The Next Big Financial Collapse Can Happen At Any Time
May 29, 2016Financial Markets, Housing Market, U.S. EconomyHousing bubble,mortgage bubble, stock bubble, Wells Fargo Mortgage
Every day that life goes by and there’s no disruption I consider that a bonus. – John Embry
We are currently sitting on the edge on another housing and commercial real estate market disaster. The financial system was never “fixed” or “reformed.” The banking sins which led up to the big housing bubble crash were merely erased with taxpayer funds and printed money. The laws passed were not designed to protect us from them but to better protect their ability to hide the continuation of the fraudulent banking activities that serve to transfer wealth from the general public to the elitists.
The Fed and U.S. Government have successfully succeeded in reflating the housing bubble. Housing prices have been fueled by low to no down payment Government sponsored mortgages and by the Fed’s near-zero interest rate policy. Go ahead raise rates, Janet, let’s see how quickly you explode the current housing bubble your people have blown.
The financial media heralded the announcement of Wells Fargo’s 3% down payment mortgage program like it was a new way to split to the atom. Lost in the hoopla was the fact that Wells Fargo’s program is just now catching up to the times. Fannie and Freddie have been sponsoring 3% down payment mortgages since early 2015. The Government agencies also signficantly reduced the required monthly “insurance” payment on low down payment mortgages. Same with the FHA, which has been doing 3.5% down mortgages since 2008. Th Government has become the new version of Angelo Mozilo’s Countrywide Mortgage company.
It’s nothing more than a reconfiguration of the exact same types of mortgages and the associated derivatives that took down the financial system in 2008. The “use your house as an ATM” programs have been reinstated. Need to pay for your wife’s full body plastic surgery makeover? Do a “cash out” refi and pay for that plus redo your kitchen and finish out your basesment. Leverage that “home equity” to the max.

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JADE HELM 2016

From Dave Hodges: 

Jade Helm 16 Is Training to Withhold Food From the American People

Jade Helm is back and it is back and it is back with a vengeance. Jade Helm 15 has morphed into Unconventional Warfare Exercise 16 (UWEX 16).

UWEX 16 is about fighting a civil war against rogue American troops who will, presumably, not go along with the imposition of tyranny under the banner of the UN flag with the complicit support of foreign troops.

There is a new twist to Jade Helm 16 (i.e. UWEX 16).

I have learned from reliable sources that Jade Helm 16 is also about controlling the shipment of all food. If one thinks this sounds outrageous, stay tuned, because the circumstantial evidence clearly points in this direction.

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