Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams. He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.” Williams says it’s because, “The consumer is in very serious trouble. . . . The average guy is not making it. His income is not keeping up with inflation.” As far as Congress getting the budget and debt ceiling under control, Williams says, “Both sides are faced with devil’s choices.” If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams predicts, “It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit as it is now.” Williams says he expects, “. . . a negative reaction in the next 3 or 4 months to the dollar.” Williams adamantly calls for hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter as he goes One-on-One with John Williams.
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I was wondering what the really nice price action in the metals was all about.. Apparently they are reacting to the imminent collapse by themselves collapsing. lmao.
Banks dumping paper on orders from the fed reserve to keep the dollar from imploding…
If they disrupt oil in the ME and oil rises significantly towards 150.00 a barrel, stocks will crash. Rhetoric is heating up again post-election over Syria/Iran. The 33 Degree devil worshipers are gonna do it then blame Israel who really does have legitimate reasons to shoot first, second, and third against the heretic/lunatic mysogenist child rapist Islamics. Key operative insight: oil rises, stocks crash, dollar dies, martial law declared. Window of Opportunity: new moon cycles from today to May. Buckle up
With the stock market bearing down on 14,000, it appears more and more like a bubble. But meanwhile, investment money that could instead be going into PM’s is being poured into stocks. This time it may be different?
The market lost 85% between 1929-1932, lost over 50% between 1972-1974, crashed abruptly in 1987, lost over 50% in 2000-2002 and again between 2007-2009. Nobody cares. They should. They don’t. Past performance is not indicative of future returns. This time may be different. I doubt it. Enough said.
I can’t find the recovery, so this might be of interest->
“Smash-Down Distortion Adjustment + Breakout Triangle + Silver”
I have a “triangle” pointing to an “end of Q1″ or “early Q2″ date
I get somewhat agitated at people’s ignorance towards the history of the middle east and what is currently called Israel. The Jews occupying that land are not in fact a jewish tribe of abraham, they are known as white european jews or khazar jews.
This is why when you can read the REAL interpretations of what Nations like Iran are saying you will see that they are discussing the immigrant jews, the european jews, and the fact that immigrants are occupying this land using the United States as it’s military arm and that really upsets people. I am not taking the side of these freedom hating islamic states but the Israel First people are completely lost within a false history. I have heard several pastors speak on this very subject and the crux is that in the bible for Israel to be recognized as a nation again will have to return to altar sacrifices.
**Interesting little fact. The Rothschild banking dynasty owns 80-90% of the land that modern day “Israel” sits on. The main street in Tel Aviv is named Rothschild Blvd. The Rothschild family themselves are these european jews or khazars.
**Also the “wipe israel off the map” quote is a straight lie. That is not even a common phrase over there and when asked about it Ahmadinejad even said “How can I wipe something off a map?” What the correct translation would be is: “Erase the Israeli REGIME from the pages of time.” Honestly, I agree with him Israel was our foothold into the middle east just as libya is now our foothold into africa. Remember….. It’s the new WORLD order.
right-o mammoth the equities are going to take a large hit. The 4th Q earnings were piss poor S&P earnings down 6-8%. Overall earnings down, not really badly, but the day of laying off people is coming to an end. 1st Q should be nasty and even worse than expected CAPEX is off, red arrows from Philly, Richmond and other Fed districts by serious amounts and well over what was expected for 4th Q. The equities are being driven by Algos and HFT churning the QE slosh from the last few months. QE is only designed to buy junk quality mortgages from the Mega banks but it gives those banks $100 billion a month to slap shot in the equities, playing this casino with depositor money and bank capital. Private investors, john q public will be lured back into the equities as smart money leaves. JQP left last year, withdrawing a few hundred billion due to the notion that this was a rigged game but a fool and his money are soon parted. It would not surprise me to see the Dow go over 15,000 but the third leg of this bear market, 2001 and 2008 were the first two, will send the equities down by double digits and hard. This will wring out the consumer accounts and beggar the poor schmucks who got roped into the smoke and mirrors. If the bond markets get a haircut due to rate increases, sending trillions of bond funds to warmer climates, then a few billion to PMs would light up the prices. Gold is so large, at $5 trillion, that it would take alot of FIAT to move it. Besides which, every scrap of yellow metal has a name attached, maybe 3-4 times over. AG, platinum and palladium could see some jumps.
Growth based on QE from the feds is not growth. Simple as that, remove that from the picture and I bet it looks pretty bad.
What Growth? What Economy? The only Growth I see around me is Myself as my eyes and ears are wide open and I’m Learning, Learning, Learning and Stacking, Stacking, Stacking. No Brainer
ditto m-45, sometimes i learn more from peoples posts than i do from the actual articles lol. i am addicted to sites like this and zerohedge.com because of the no bull s***, str8 forward info. ive tried to help advise my father in the importance of having some pm`s, but its like talking to a wall. his 401k advisor has him in coma, aswell as his loving msm. he will no doubt lose his ass again like he did in 08 and say well what can u do. i have 401k too, but my money is on the side lines in a wealth preservation fund (which is probly sh** too) but i figure ican wait for the market to tank and buy back in cheap with no 40-60% loss. its free money from employer anyway
Mary B you are absolutely right about growth We are going backwards right now. 80% of GDP growth, a huge 1.8% last year, was government spending. Private sector was .4%. Our GDP is going backwards, shrinking, even with the BS inflation statistic of 2%. Shadow Stats is real and inflation is real at 8% plus, so our economy is contrating at 7.6% against private sector growth. Now wonder we feel like we’re getting poorer as a country. I read your note on Walmart and their cash policies. We, the people, can stop this BS by making sure the merchants, small or large, know we pay cash If they don’t like we vote with our feet and wallets.