Elite Insider Predicted Massive Crash In 2012: “Very Large Probability… Around March 4, 2014″ Mac Slavo SHTFplan.com February 4, 2014
We understand that Doomsday predictions are aplenty these days, but given what’s going on around the world right now it may be time to revisit the eerily prescient forecast of an elite insider. Grady Means is a former advisor to Vice President Nelson Rockefeller, a former economist at the U.S. Department of Health, Education and Welfare, and has managed multi-billion dollar firms over his career. Back in October of 2012 Means penned a commentary and analysis for the Washington Times in which he noted that “America’s fall will take global economies with it.” But he didn’t stop there. Means gave us a target date. There is a very large probability that the real end of the world will occur around March 4, 2014. The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes. Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest. Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball. At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket. The rest of the world will fully crash along with us. There’s a sentiment among those on Main Street, and as of today on Wall Street, that there is a major disconnect between company stock valuations and economic activity in the real world. Despite their best efforts to convince us that we’re in a recovery, the establishment is running into a problem… reality. This morning we learned that the Institute for Supply Management monthly report went kaboom, showing a large contraction in new production, indicating that retailers are pulling back on stocking their shelves. Perhaps the ISM report has something to do with consumer sentiment, which according to today’s Gallup survey on consumer spending suggests consumers are cutting costs wherever possible. But that’s not all. Even the largest retailer in the world is having problems and seeing negative growth. Walmart announced that last November’s cuts to food stamp recipients hurt their fourth quarter sales, adding further credence to the notion that without direct government bailouts the stability of America’s companies comes into question. Need we even mention that over 100 million Americans are not in the labor force, or that five million people may lose their unemployment benefits by the end of this year? And, of course, let’s not forget that we’ve created more debt as a nation in the last five years than in all of the years from our country’s founding through the year 2008 combined. Those investing in financial markets have certainly taken note. On top of the 326 point decline in the Dow Jones today, the market is down a combined 1,000 points from its peak just a month ago. And, with three well known bankers committing suicide in the last week, people are starting to pay attention. No one really knows exactly why the market is falling or what happens next, but if you’re going to consider any prediction on the future of the financial and economic sector, why not consider what the elite have to say about it? If there is a major financial collapse in the works as we speak, then Grady Means’ prediction should scare the hell out of you. If he’s right, then this isn’t just going to be a market crash. We could well be facing the beginnings of an all-out financial Armageddon that will make 2008 look like a brief warm up. This collapse, as noted by the US Treasury Department and Grady Means, is going to have generational effects – a depressive economic environment for our entire lifetimes.
Preparing for such a scenario is not easy. One must take into consideration everything from emergency supply lists to deal with the instantaneous collapse of our monetary system and financial markets, while also considering long-term strategies that involve the development of barterable trade skills and relocating to land that has productive capacity so you can grow your own food. We had a reader recently comment about the coming collapse. She warned that preparing for a weeksor months-long emergency is insufficient. She suggested that perhaps we need to consider the worst case scenario: years of joblessness, destitution and depression. It’s happened before and it was so bad that we still talk about the Great Depression to this day. Who’s to say it can’t happen again?
The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market Michael Snyder Economic Collapse February 4, 2014
That didn’t take long. On Monday, the Dow was down another 326 points. Overall, the Dow has now fallen more than 1000 points from the peak of the market (16,588.25) back in late December. This is the first time that we have seen the Dow drop below its 200-day moving average in more than a year, and there are many that believe that this is just the beginning of a major stock market decline. Meanwhile, things are even worse in other parts of the world. For example, the Nikkei is now down about 1700 points from its 2013 high. This is causing havoc all over Asia, and the sharp movement that we have been seeing in the USD/JPY is creating a tremendous amount of anxiety among Forex traders. For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable. Unfortunately, there does not appear to be much hope on the horizon for investors. In fact, troubling news just continues to pour in from all over the planet. Just consider the following…
-Major currencies all over South America continue to collapse. -Massive central bank intervention has done little to slow down the currency collapse in Turkey. -Investors pulled more than 6 billion dollars out of emerging market equity funds last week alone. -The CBOE Volatility Index (VIX) has risen above 20 for the first time in four months. -Last month, new manufacturing orders in the United States declined at the fastest pace that we have seen since December 1980. -Real disposable income in the United States has just experienced the largest year over year drop that we have seen since 1974. -In January, vehicle sales for Ford were down 7.5 percent and vehicle sales for GM were down 12 percent. Both companies are blaming bad weather. -A major newspaper in the UK is warning that “growing problems in the Chinese banking system could spill over into a wider financial crisis“. -U.S. Treasury Secretary Jack Lew is warning that the federal government could hit the debt ceiling by the end of this month if Congress does not act. -It is being reported that Dell Computer plans to lay off more than 15,000 workers. -The IMF recently said that the the probability that the global economy will fall into a deflation trap “may now be as high as 20%“. -The Baltic Dry Index is now down 50 percent from its December highs. If our economic troubles continue to mount, could we be facing a global “financial avalanche” fairly quickly? That is what some very prominent analysts believe. Below, I have posted quotes from five men that are greatly respected in the financial world. What they have to say is quite chilling… #1 Doug Casey: “Now is a very good time to start thinking financially because I’m afraid that this year, in 2014, we’re going to go back into the financial hurricane. We’ve been in the eye of the storm since 2009, but now we’re going to go back into the trailing edge of the storm, and it’s going to be much longer lasting and much worse and much different than what we had in 2008 and 2009.” #2 Bill Fleckenstein: “The [price-to-earnings ratio] is 16, 17 times earnings,” Fleckenstein said on Tuesday’s episode of “Futures Now.” “Why would you pay 16 times for an S&P company? I don’t care about where rates are, because rates are artificially suppressed. Why isn’t that worth 11 or 12 times? Just by that analysis, you’d be down by a quarter or 30 percent. So there’s a huge amount of downside.” #3 Egon von Greyerz of Matterhorn Asset Management: “Nothing goes (down) in a straight line, but the emerging market problems will accelerate and it will spread to the very overbought and the very overvalued stock markets and economies in the West. So stock markets are now starting a secular bear trend which will last for many years, and we could see falls of massive proportions. At the end of this, the wealth that has been created in the last few decades
will be destroyed.” #4 Peter Schiff: “The crisis is imminent,” Schiff said. ”I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.” “We’re broke, Schiff added. ”We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.” #5 Gerald Celente: “This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere… …So as the decline in their economies accelerates, you are going to see the civil unrest intensify.” —– Those that do not believe that we could ever see “civil unrest” on the streets of America should take note of what just happened in Seattle. After the Seahawks won the Super Bowl, fans celebrated by “lighting fires, damaging historic buildings and ripping down street signs“. If that is how average Americans will behave when something good happens, how will they act when the economy totally collapses and nobody can find work for an extended period of time? We are rapidly approaching another great financial crisis. Unfortunately, we didn’t learn any of the lessons that we should have learned last time. It is being projected that the debt of the federal government will more than double during the Obama years, the “too big to fail banks” have collectively gotten 37 percent larger over the past five years, and the big banks have become more financially reckless than ever before. When the next great financial crisis arrives (and without a doubt it is inevitable), millions more Americans will lose their jobs and millions more Americans will lose their homes. Now is not the time to be buying lots of expensive new toys, going on expensive vacations or piling up lots of debt. Now is the time to build up an emergency fund and to do whatever you can to get prepared for the great storm that is coming. As you can see from the financial headlines, time is rapidly running out.
Former Federal Reserve Chairman Ben Bernanke To Join Washington’s Brookings Institution Economic Policy Journal February 4, 2014 The Brookings Institution just announced that Ben Bernanke will join the Economic Studies program as a Distinguished Fellow in Residence at the Institute. He starts tomorrow. “We are proud to welcome Chairman Bernanke into the Brookings family,” said Brookings President Strobe Talbott. “Brookings scholars have a well established reputation for contributing innovative ideas and trenchant analysis to economic and other public policy debates,” said Dr. Bernanke. “I welcome the opportunity to engage in that vibrant community through research and writing.” Don’t for a minute think this is Bernanke’s final destination. This is a typical crony move a la Tim Geithner. Bernanke will likely stay at Brookings about a year, write a book and then grab a crony investment banking position. You don’t want to appear too greedy grabbing the lucre. In a year, he’ll cut a deal that will result in his getting a nice piece from all the money he printed while Fed chair.
A Rash Of Deaths And A Missing Reporter With Ties To Wall Street Investigations Pam Martens wallstreetonparade.com February 4, 2014
In a span of four days last week, two current executives and one recently retired top ranking executive of major financial firms were found dead. Both media and police have been quick to label the deaths as likely suicides. Missing from the reports is the salient fact that all three of the financial firms the executives worked for are under investigation for potentially serious financial fraud. The deaths began on Sunday, January 26. London police reported that William Broeksmit, a top executive at Deutsche Bank who had retired in 2013, had been found hanged in his home in the South Kensington section of London. The day after Broeksmit was pronounced dead, Eric Ben-Artzi, a former risk analyst turned whistleblower at Deutsche Bank, was scheduled to speak at Auburn University in Alabama on his allegations that Deutsche had hid $12 billion in losses during the financial crisis with the knowledge of senior executives. Two other whistleblowers have brought similar charges against Deutsche Bank. Deutsche Bank is also under investigation by global regulators for potentially rigging the foreign exchange markets – an action similar to the charges it settled in 2013 over its traders’ involvement in the rigging of the interest rate benchmark, Libor. Just two days after Broeksmit’s death, on Tuesday, January 28, a 39-year old American, Gabriel Magee, a Vice President at JPMorgan in London, plunged to his death from the roof of the 33-story European headquarters of JPMorgan in Canary Wharf. According to Magee’s LinkedIn profile, he was involved in “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.” Magee’s parents, Bill and Nell Magee, are not buying the official story according to press reports and
are planning to travel from the United States to London to get at the truth. One of their key issues, which should also trouble the police, is how an employee obtains access to the rooftop of one of the mostly highly secure buildings in London. Nell Magee was quoted in the London Evening Standard saying her son was “a happy person who was happy with his life.” His friends are equally mystified, stating he was in a happy, long-term relationship with a girlfriend. JPMorgan is under the same global investigation for potential involvement in rigging foreign exchange rates as is Deutsche Bank. The firm is also said to be under an investigation by the U.S. Senate’s Permanent Subcommittee on Investigations for its involvement in potential misconduct in physical commodities markets in the U.S. and London. One day after Magee’s death, on Wednesday, January 29, 2014, 50-year old Michael (Mike) Dueker, the Chief Economist at Russell Investments, is said to have died from a 50-foot fall from a highway ramp down an embankment in Washington state. Again, suicide is being presented by media as the likely cause. (Do people holding Ph.D.s really attempt suicide by jumping 50 feet?) According to Dueker’s official bio, prior to joining Russell Investments, he was an assistant vice president and research economist at the Federal Reserve Bank of St. Louis from 1991 to 2008. His duties there included serving as an associate editor of the Journal of Business and Economic Statistics. He also was editor of Monetary Trends, a monthly publication of the St. Louis Fed. Bloomberg News quotes William Poole, former President of the St. Louis Fed from 1998 to 2008, saying “Everyone respected his professional skills and good sense.” According to a report in the New York Times in November of last year, Russell Investments was one of a number of firms that received subpoenas from New York State regulators who are probing the potential for pay-to-play schemes involving pension funds based in New York. No allegations of wrongdoing have been made against Russell Investments in the matter. The case of David Bird, the oil markets reporter who had worked at the Wall Street Journal for 20 years and vanished without a trace on the afternoon of January 11, has this in common with the other three tragedies: his work involves a commodities market – oil – which is under investigation by the U.S. Senate’s Permanent Subcommittee on Investigations for possible manipulation. The FBI is involved in the Bird investigation. Bird left his Long Hill, New Jersey home on that Saturday, telling his wife he was going for a walk. An intentional disappearance is incompatible with the fact that he left the house wearing a bright red jacket and without his life-sustaining medicine he was required to take daily as a result of a liver transplant. Despite a continuous search since his disappearance by hundreds of volunteers, local law enforcement and the FBI, Bird has not been located. When a series of tragic events involving one industry occur within an 18-day timeframe, the statistical probability of these events being random is remote. According to a number of media reports, JPMorgan is conducting an internal investigation of the death of Gabriel Magee. Given that JPMorgan, Deutsche Bank and Russell Investments are subjects themselves of investigations, a more serious, independent look at these deaths is called for.
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