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Author Topic: I see an economic diasater coming...  (Read 1335922 times)

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4050 on: January 21, 2016, 05:59:59 AM »
Zerohedge is my source for financial gloom and doom
       Yeah, good.   This is actually from Zero Hedge:


http://www.zerohedge.com/news/2016-01-20/tom-demark-today-interim-low-followed-5-8-rebound-then-another-selloff-china-fall-fu


       Alright, now.
I might have said, instead, "Does anyone else share my warnings or take them seriously?"
       I can see now that I'm just more demonstrative about what I think on this subject, is about all.   I should try and remember that there are individuals and small groups out there that are looking at the news and are quietly "preparing for the worst".


       However, some readers are simply tech-oriented electronics enthusiasts, not necessarily paramilitary revolutionaries.   I'm not anxious to be in a new civil war, but the economy, IMHO, will fall apart financially in due course.   When that happens, as this thread predicts, people will need to do something more than lock the doos and hope for the best.   The sh1t can "hit the fan", so to speak.


--Lee


Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4051 on: January 21, 2016, 08:52:46 PM »
       Yeah, good.   This is actually from Zero Hedge:


http://www.zerohedge.com/news/2016-01-20/tom-demark-today-interim-low-followed-5-8-rebound-then-another-selloff-china-fall-fu

So, at first the analysts said the American stock market would fall by 50%, now they say 80% (?)

http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451509

We'll see in the endgame.

--Lee

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4052 on: January 23, 2016, 08:29:34 PM »
triffid, and anyone else:
       After seeing many buildings going up in San Francisco, I wonder if anyone else living in a large U.S.---or foreign--city is seeing the same thing?   Here, the accepted reason is the there's a 'tech boom' in the South Bay area towards San Jose.   More tech workers are supposed to be flocking to "The City" (S.F.), and these new buildings are mainly condos that the new arrivals with LOTS of tech boom money would be alleged to buy.
       So, triffid, is the same thing happening in, say, St. Louis?
Anywhere else in the U.S.?


       This looks a lot like the Chinese who building phantom office buildings and apartment buildings for nonexistent workers that they're trying to convince everyone else in the world that do exist?


Opinion anyone?


--Lee
P.S.
       My years-long opinion poll at the top of Pg. 1, indicates the pessimistic people who voted that the economy will 'worsen' in the future is at 51.8% as of 1/22/16.   It's never been as high as 52% as long as I've been looking at it.   If it does go that high, it'll take several more people to vote negative on the economy.   I would have always been right in my prediction.   And, I WAS the one whose opinion came out as having voted with the bold letters in the output list.   (That's the reason it's bold.   My personal vote is registered---or indicated---as bold.)


--Lee

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4053 on: January 25, 2016, 01:57:30 AM »
http://www.scmp.com/business/companies/article/1903736/china-markets-live-hong-kong-and-china-stocks-close-sharply


       Okay.   This scenario is like a lot of past stock market 'corrections/nosedives/crashes, etc'.   The market falls, stabilizes briefly, and/or, rises some, but not a lot, and then falls drastically again to a new low.   The thing analysts are asking themselves is, "Will the Chinese market crater and start another worldwide recession?"
       Right.   Good question.   I've predicted all along in this thread it wold happen, and some Members have questioned me in the past:  "When?"
Another fair question.   Nobody likes unpleasant surprises.
       BUT, the thing that's coming over the horizon is out of China's 'hands':  That's the falling price of worldwide oil.   AND, Iran is about to full many, many tankers offshore in the Strait of Hormuz as I write.   The Chinese can't stop that and the Iranians may decide to buy more weapons and then aim them at Israel.   They can if they choose to do so.


       This scenario isn't going away soon.   Even if it does, and pre-crisis conditions return to normal, there's always another financial calamity lurking over another horizon.   It's only a matter of time before the whole "shebang" comes crashing down.


--Lee

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4054 on: January 26, 2016, 04:53:50 AM »

...(snip)

       This scenario isn't going away soon.   Even if it does, and pre-crisis conditions return to normal, there's always another financial calamity lurking over another horizon.   It's only a matter of time before the whole "shebang" comes crashing down.


       http://www.profitconfidential.com/stock-market/stock-market-crash-is-a-dire-warning-for-americans-everywhere/


       This one above is about as plain as it can get.   Other people in foreign countries---like China; especially China---started some of this downward scenario, but the American stock market and just about all others worldwide as well, are in for a very big "correction".
       Right.   They (commercial traders) wanted to play 'bank' with money, and they eventually lost control of it when other people around themselves and/or foreign Gov't's wanted to play as well and then change to rules (financial laws) to suit themselves.
       Money should merely be a medium of monetary exchange, not to treat it like a commodity.   Gold is a physical element, but the commercial price placed upon it is not.   Anyone who tries to use greed to get what they want will eventually get resistance in the form of competition for survival if the one's desire to survive is great enough.   This drama will continue to unfold into the future, and we'll all see who comes out 'on top'.


--Lee

Offline triffid

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Re: I see an economic diasater coming...
« Reply #4055 on: January 26, 2016, 07:32:10 PM »
wow! a lot of traffic here lately.If you panic and sell your stocks you lock in your losses but if you hold on you may still loseeeee.Parts of China is now beginning to look like Detroit,Mich with closed factories and smog.I would bet money on Mr.James Dale Robertson being right.Wages are also going up in China!!!Whats an Overseas company to do????triffid

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4056 on: February 02, 2016, 04:31:32 AM »
http://www.express.co.uk/finance/city/639990/Market-mayhem-returns-amid-fears-over-China-and-oil
       This is a continuation of the present crisis.   No end in sight as I look at the general situation.   The American Stock Market would possible be affected shortly or eventually.   Financial analysts predict a low-down floor for the final low reading in the future market total.   It's bad if that's true.


--Lee

Offline triffid

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Re: I see an economic diasater coming...
« Reply #4057 on: February 02, 2016, 09:02:25 PM »

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4058 on: February 09, 2016, 01:03:24 AM »
https://finance.yahoo.com/news/u-ceos-unleash-recession-fears-190343269.html   US ceos see a recession coming in 2016.
       Hey, triffid...
You're correct, and here's the latest:
       http://www.profitconfidential.com/economy/warning-this-chart-shows-a-chinese-economic-crash-is-coming-soon/

       Yep, the Chinese Communists usually lie about how their economy is really doing, so this article above says the opposite and should be more accurate.   The Chinese have lasted longer than I thought they would.   They're in for the infamous 'rude awakening', so to speak.

--Lee


p.s.
The poll at the beginning of this thread is sitting at a total of 52% of the poll participants as believing the economy will do worse in the future.   That's the highest is been in several years.   It looks like a record to me.   Finally, people are---I hope!---waking up and realizing the economy can turn into a NEW Great Recession, going on a NEW Great Depression.

Offline triffid

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Re: I see an economic diasater coming...
« Reply #4059 on: February 09, 2016, 05:25:23 PM »
https://finance.yahoo.com/news/oil-prices-being-driven-down-024652531.html  Oil prices driven down and being held down---through servicing debt!triffid


But, as Dow notes, since these producers need to pay back their bondholders, who have more senior claims on the company's assets and production than equity holders, companies continue pumping oil to get whatever price they can to bring in whatever cash possible to pay back creditors.
A recent report out from Jaime Caruana at the Bank for International Settlements looked at the relationship between debt and oil companies, finding that oil and gas company bonds outstanding rose from $455 billion in 2006 to $1.4 trillion in 2014 while syndicated loans to the sector increased from $600 billion to $1.6 trillion over the same period.

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4060 on: February 11, 2016, 01:53:52 AM »
https://finance.yahoo.com/news/oil-prices-being-driven-down-024652531.html  Oil prices driven down and being held down---through servicing debt!triffid


But, as Dow notes, since these producers need to pay back their bondholders, who have more senior claims on the company's assets and production than equity holders, companies continue pumping oil to get whatever price they can to bring in whatever cash possible to pay back creditors.
A recent report out from Jaime Caruana at the Bank for International Settlements looked at the relationship between debt and oil companies, finding that oil and gas company bonds outstanding rose from $455 billion in 2006 to $1.4 trillion in 2014 while syndicated loans to the sector increased from $600 billion to $1.6 trillion over the same period.
        triffid,
http://www.profitconfidential.com/stock-market/stock-market-crash-strategist-has-dire-warning-for-u-s-stocks/
       I'll be back in due course.   Something's going on now for me.


--Lee

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4061 on: February 11, 2016, 06:43:41 PM »
        triffid,
http://www.profitconfidential.com/stock-market/stock-market-crash-strategist-has-dire-warning-for-u-s-stocks/
       I'll be back in due course.   Something's going on now for me.
--Lee
       triffid and all others,
Think about this:   Information has come to me by a discrete source that by the end of Feb., China probably will have spent all the credit assets they bought during the credit bubble they created and when that happens, they won't be able to sustain the value of their currency, the -'renmimbi'(or a similar name).
      Right, so now:   Their stock market will crash in a HIGHLY sensational way, and when it does, they'll drag down the other Asian stocks and the American Stock Exchange, as well.   This is the disaster I predicted at the absolute start of this thread.   BAD, BAD, BAD.   It'll occur in about 18-25 days from the date of this post.   I myself have an exit plan, so I'm not too worried, but be advised that social unrest is a distinct possibility in large cities, especially.
       All you can do is get through it as best as you can.   The whole world will be affected possibly except the American mountain men living in the Rockies and woods of the Western states and the native ethnic groups living in the frontiers of the Brazilian Amazon and, say, the SE Asian jungles.   Those who DON'T depend on money or civilized services in cities will get by if they stay in the wilderness where they are now.

       That's what I have as of now.   I hope it's enough to give you more info. than you had before.   The Members of this research tech site, as well as the viewing public should be above-average intelligently thinking individuals, or they wouldn't be here posting and at least reading these posts regularly.
       Do the best you can.   The monetary 'status quo' can't continue for much longer.   About $1-2 quadrillion dollars will have been borrowed and/or spent by now.   Nobody can live more than a million years to try and pay it off with interest.   Impossible.

       Try and think of how to survive instead.   That about all the smart person can do at this point in time.

Good luck and 'mazel tov',

--Lee
p.s.
       When I started this thread, a few Members said they didn't believe what I was writing.   Do they say anything now?   Where are they?   I'd be glad to quote articles from national Internet investment journals that anyone can research for themselves.   If you don't believe me now, then wait and see what happens.   The money was borrowed by the Americans and others and the Chinese Stock Market is doing what I predict it will, when it will.
       If I'm wrong I'll look stupid and I'LL ADMIT IT.   But, I don't think I'm wrong about my survival, in particular.
We all may need as much good luck as we can come by in the near future.   I WISH it wasn't going to happen, but it probably will, according to my source.

Offline the_big_m_in_ok

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Re: I see an economic diasater coming...
« Reply #4062 on: February 12, 2016, 06:23:06 PM »

(snip)


       We all may need as much good luck as we can come by in the near future.   I WISH it wasn't going to happen, but it probably will, according to my source.
       This was out today---12/2/16...


http://www.charismanews.com/opinion/55088-why-the-japanese-stock-market-crash-is-a-huge-deal


       He said the exact same thing I did immediately above.   I think I'll be looking at the Japanese stock market more closely in the future.


--Lee

Offline Nink

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Re: I see an economic diasater coming...
« Reply #4063 on: February 12, 2016, 07:12:26 PM »
The signs have been around since 2008 and QE1 2 and 3 have kept the issue at bay.  Algo's have been baby sitting the markets ever since and they are programmed for optimum return on investment. The plunge protection team filling in the gaps by continually buying the dip.  Paper gold has been used as a revenue source with derivatives driving the paper to physical gold ratio up over the 70 to 1 mark (although others would state much higher at 542 paper claims to every ounce of gold http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical )

That said we will soon see a quick break away from paper to physical. The run on physical metal is high at the moment with line ups at the bank to convert.  http://www.zerohedge.com/news/2016-02-11/lines-around-block-buy-gold-london-banks-placing-unusually-large-orders-physical

The challenge with this is we all see money as the paper stuff we pass around but really the illusion only works as long as everyone continues to participate. This goes for the stock market, bonds futures everything.  When that participation ends and we look for something more substantial all we are left with physical assets.  Gold Land Water Oil Minerals  Crops..... and of course human labor.  But when everyone is in debt for paper assets that are no longer of value we are left to work for these assets at what ever rate the new market demands. 

The only alternatives are
1) A global Currency reset: We all agree to cash in a our measly money and debt to a larger body (Think Euro but on a grander scale Amero's SRD's etc spring to mind)
2) Cannon Fodder: War has been the usual method of sorting out debts.  Currently they are being held by proxy in Syria Iraq Lebanon etc in attempts for land and resource grabs but at some point the puppet countries running the games need to move from behind the curtain. 

I am not sure how this will end but I would advise 1)buy phsysical gold, 2)Own assets 3) Get some bitcoin 4)Get out of debt (or have a method of servicing the debt without income) and 5) Stockpile enough for 12 months food water power and 6) ?????????????

Offline conradelektro

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Re: I see an economic diasater coming...
« Reply #4064 on: February 12, 2016, 07:33:52 PM »
@Lee and all disaster believers:

Lee started to predict all sorts of disasters in September 2009 (the birth of this thread). Since 2009 all non-believers have lived well and sound and this will go on for some time. So, disregarding doomsday predictions has paid huge dividends since 2009. Preparing for a doomsday in the last six years would have cost a lot of money, discomfort and grief (if you have some money and if you live comfortably in a nice home, which you have had to give up for some hard living in the wilderness).

Predicting doom is always right, because everybody dies and old people die even sooner. If you are over sixty, your personal doom is not so far of. 50% of all people a re dead before they reach 75 and then the curve is very steep (meaning 85% are dead before reaching 80).

Looking back at history, every social system collapsed pretty soon, none reached a 100 years of stability. So, it is clear that our economic and money system is going to fade away. But history also teaches us, that almost nothing happens over night. All change is a process over many years. If you happen to life in a future war zone, your personal change will be fast, but many people even survive that.

If you look at what happened to Jewish people in Austria from 1939 to 1945, one sees that many people with money could escape and people without money almost all had to stay. There was a huge percentage who did not believe that something bad will happen to them. What does this teach us? First, if you have money, you can react and may be more than 50% will not react. If you have no money, you can not react even if you wanted to.

It depends very much where you are if disaster strikes. In a big city, you will die easier than on the country side. But you might catch a plane or a train out of a big city in time. On the country side your mobility is more or less restricted to cars, which is not fast enough to save you (because there will be many obstacles like lack of fuel and traffic congestions).

The only way to do something right now would be to build a sturdy stone house in a remote area and to have there the means to do a little farming. But you have to move there right now, otherwise you will not be prepared in time (farming is bound to seasons). And if nothing happens in the next five years (which still has a high probability), you have lived for nothing in the lonely and harsh wilderness.

Many people think that hoarding supplies, gold and weapons will help them. But all this will be taken away from you immediately once social unrest begins. How many hungry people does it take to overcome you even if you have a machine gun nest?

The real big killer in times of unrest is lack of medical treatment. Many illnesses and even modest accidents will kill you if the pharmacy and the hospital are not functioning any more. Can you have a medical team stored away some place?

In the 1970ies it was fashionable to build a bunker room into your basement. At this time I did some research into the "survival issue". Since then I have given up on doing anything specific. I am just mentally prepared to act on the moment once something happens in my area.

In short: if you do something, it will be expensive and harsh and most likely in vain.

So, do nothing and act once bad things happen in your neighbourhood. If it is only economic hardship, just forget your losses, you can not take anything with you when you die.

If unrest starts, I will join the best organised group which can convince me that it can pull off a credible fight for power in the area where I live.

Greetings, Conrad