The Signs Are Out There… Financial Armageddon

September 26, 2013, by Ken Jorgustin

the-signs-are-out-there-financial-armageddon

Are you only listening to the main stream media? Or are you doing your due-diligence with alternative sources of information…

While phony perception has postponed public sentiment, it will catch up, and when TSHTF, it’ll be too late…


 
Bad Numbers? Just Change the Reporting Methodology!

Economic “Growth” Created by Statistical Redefinitions, Not by Consumer or Business Demand

2013 Benchmark Payroll Employment Revision of Minus 124,000 Changed to Plus 345,000 with Redefinitions by BLS

GDP Revision Was No More Than Statistical Noise

Annual GDP Growth Has Slowed to Typical Pre-Recession Levels

Household Income Remained Stagnant, Near Cycle Lows

Durable Goods Orders Activity Stagnated in August

New-Home Sales Continued in Renewed Contraction

Fed Is Trapped In the End Game for the U.S. Dollar

Panic of 2008 Still Is Playing Out

Hyperinflation Forecast Remains in Place

-John Williams, ShadowStats.com

 

 
Taper Fakeout Means Fed Is Worried – the Federal Reserve’s decision not to start tapering means the central bank is more worried about the economy than the markets know.

-Ron Paul, Wall Street Journal

 

 
Sales contracts on homes fell 1.6% in August — a third month of declines.

-MarketWatch.com

 

 
US economic growth slows as GDP estimate disappoints economists; Weekly jobless claims fell to lows unseen since 2007.

-TheGuardian.com

 

 
Wal-Mart Cutting Orders as Unsold Merchandise Piles Up . “Wal-Mart’s inventory is well above their goal,” “Most of the inventory increase was because of missed sales.”

-Bloomberg.com

 

 
Government Will Borrow From Federal Employee Pension Fund to Avoid Passing Debt Limit.

-FedSmith.com

 

 
Americans in Poll Doubt Economy Rebound in Defiance of Forecasts. Fewer people anticipate improvement in the economy’s strength over the next year than in the last survey.

-a Bloomberg National Poll

 

 
We are a nation that consumes far more wealth than we produce. We are a nation that buys far more from the rest of the world than they buy from us. We are a nation that has a “buy now, pay later” mentality.

As a nation, we have accumulated the largest mountain of debt in the history of the world.

There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money.

-theeconomiccollapseblog.com

 

 
“The U.S. Government is Insolvent. Don’t expect the money printing to end anytime soon because if my forecast for the U.S. economy is true, they will be doing it forever.”

-Eric Sprott via USAWatchdog.com

 

 
The financial system is more risky than before the 2008 meltdown. “We have greater concentration of . . . financial risk within fewer institutions. So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.”

-Former Goldman Sachs banker Nomi Prins

 

 
“They are pumping up the housing market all the way to the top until—boom. The thing blows up. I think that’s what’s happening.”

-Fabian Calvo, Real estate expert

 

 
“This is the first time in recorded history all the banks are printing money at the same time.” “This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.” “Whether they keep printing or stop printing money globally, it is going to end badly.”

“If money printing stops, banks are not going to be lending. Financial markets are going to go down. Currency markets are going to be in great turmoil. It’s not going to be any fun.”

Jim Rogers, famous investor

 

 
Lest you forget! The Taper, no Taper nonsense is just that – nonsense. QE is to going to infinity as I have defined.

-Jim Sinclair

 

 
“The U.S. is going to experience one hell of a collapse.”

-Keith Barron, famous consultant

 

 
What if the economy were not really recovering at all? You’ve seen the evidence. Lowest household income since 1984. Falling wages. Fewer people working (as a percentage of the working age population). Seven out of ten American families get more from the feds than they pay in taxes.

The US Federal Reserve lies. Prices are set, not by willing buyers and sellers for their mutual benefit, but by the Fed for the benefit of the feds’ favorites. The Fed swaps newly created bank reserves for Treasury and agency-backed mortgage bonds, thus artificially driving up bond prices (and driving down yields).

-Bill Bonner, The Daily Reckoning

 

 
Is Something Ominous in the Cards? For the first time in history, ALL the major central banks are printing money. One of two things will occur. If they continue to print, their respective currencies will lose their purchasing power, and we’ll have inflation or even hyper-inflation…

The underlying problem is the common man’s desire for profits — his insatiable greed. Eventually, greed becomes its own worst enemy.

-Richard Russell, FinancialSense.com

 

 
The undoing of the America currency has been a century in the making. In 1913, the most evil organization on the earth was created by an unconscionable act of Congress with the creation of the Federal Reserve. The United States national debt is more than 5000 times larger than it was when the Federal Reserve was first created, and this fact has served to turn nearly all of us into debt slaves with each of us vulnerable to the manipulation of the global elite.

The bankers who helped to create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plan has worked and their final victory is nearly at hand.

-Dave Hodges, TheCommonSenseShow.com

 

 
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You can search for yourself… I could go on and on quoting sources… there are many alternative news sites who are sounding the alarm; and have been for years.

We are heading towards Financial Armageddon… while the sheeple search Google for their favorite celebrity and can’t wait to watch the season premiere of their favorite TV-show. It seems that we’re doomed…

I’m sure that there are some of you who feel it… you ‘know’ that we’ve not recovered from 2008. In fact, you know that it is actually worse. You know that the money has not flowed to main street or the middle class – it’s flowed to Wall Street and the banksters. They keep changing the numbers – the way things are measured, so that it looks better on paper than in real life. It’s phony. Many people know it. Do you? Are you ready?