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

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

...(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

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

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.

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

(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

@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