Tower of Greed

Tower of Greed | public-domain-bank-tower-of-greed-720x340 | Collapse Economy & Business Special Interests

Ladies and Gentlemen, I have to tell you, today may be the saddest day of my life. If you have not read, in full, Meet The Secretive Group That Runs The World, please stop here and read, in full, the article that should change your view of our world and the way you conduct business. I’ll wait here for your return…

Over the past seven years I have dedicated myself to reading, studying and doing my level best to understand how our monetary, financial and economic systems work. Beginning in late 2007 I set out on a course ingesting books, articles and websites, whole. Spending as much as ten hours a day for months attempting to connect the dots. Today I spend approximately twelve to fourteen hours a day filtering through various news articles, books and videos to continue the process of dot-connecting.

Tower of Greed | public-domain-city-bank-nwo-preparedness-300x201 | Collapse Economy & Business Special Interests When The Daily Coin was born, April 25, 2014, the goal was to help you in your quest for real news and information that would put you and your family in a better position for the coming economic collapse. As of 4:30pm April 12, 2015 it appears my views are about to change. Anyone who is awake and aware is familiar with the manipulation of markets, all markets, the criminality of the banking system and take over of governments, globally, by fascist means. Laws and regulations are now written by and for corporations and local police departments are in place to, specifically, protect the ruling and banking class. The local police also serve another very important function: to strip us of any loose change the banking and ruling class overlooked. As citizens we simply expect to be treated with dignity and a certain amount of respect.

Speaking for myself, is it too much to ask that when I go to a place of business for that business to operate in a manner that is comfortable and that I don’t feel like I am being lied to and my money stolen? Well, if you do business with a bank that is all you can expect to receive; dishonor and theft. If you read the article in full, as I requested, you now know exactly what I am talking about. The ECC (Economic Consultative Committee), fewer than 50, (yes FEWER than 50 people) meet twelve times a year to determine how we, the citizens of the world, are going to be sheered like sheep by the ruling and banking class. Can you imagine if we met, in secret, to plot against the government, the banks and the corporations? Wouldn’t we have a missile or rifle shoved up our back side? Wouldn’t we be thrown in prison, if we were lucky, as an enemy of the state?

Well, these men, maybe one or two women, meet to determine your financial fate and are paid like royalty for their “service”.

Tower of Greed | public-domain-BIS-bank-282x300 | Collapse Economy & Business Special Interests What impact do your finances have on your life, your family and everything else that surrounds you? So, is it safe to say that this small group of less than 50 people have a direct impact on every single aspect of your life? Have they not, in effect, hijacked your sovereignty? But, let’s allow the criminals to tell you themselves how they actually enslave humanity on a global scale

The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station. Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves.

The details of the meeting are kept from the public. Why? Why would it be so secretive that nothing is repeated outside of the meeting? Because if you knew how your financial life was about to be raped you would be up in arms and be determined to take back your sovereignty. These people are pure evil. If they are not planning your financial rape, then publish the notes from the meetings, period. Otherwise, we will continue to believe you have nothing good in mind for our families.

The ECC makes recommendations on the membership and organization of the three BIS (Bank for International Settlement) committees that deal with the global financial system, payments systems, and international markets. The committee also prepares proposals for the Global Economy Meeting and guides its agenda.

Does that sound like something that we could benefit from? How is it that this tiny group of mostly men are allowed to determined our financial fate? I want to see the freakin’ notes!! How did they determine that “economy A” should prosper and grow while “economy B” stagnates and/or slides into a recession? What are the determining factors of such a monumental decision? Who benefits? Who profits? How are the profits divided and by whom? The global GWP (Gross World Product) is approximately $75.6 trillion dollars annually (as of 2013, the last year data is available). Isn’t that interesting. A tiny group of fewer than 50 people meet monthly to determine how $75,000,000,000,000,000 will be divided up among the global nations. Is this some kind of sick joke? How is that even possible? Let’s take a look at the track record for some of these people who make up this “brain trust”. Ben Bernanke – Did you see a housing bubble manifesting in 2004-2006? You know, the one that almost blew-up the global economy.

Oh, well. Didn’t see that coming. What about Greece joining the European Union? Was it a good idea? According to an article written in 2000, probably, not such a good idea:

Greece sought to join the euro in May 1998 when the first 11 members were chosen, but did not qualify. But EU finance ministers now found it had cut inflation, public deficits and debts to within the limits of the so-called “convergence criteria” needed for membership of the single currency. However, at an annual rate of 2.6 percent, Greek inflation is still higher than in most other European countries, and the government in Athens pledged to restrain spending and work toward achieving a budget surplus next year. Greece’s economy still has a long way to go before it catches up with the rest of the community, where economic output per head is on average 30 percent higher.

Translation: Greece produces approximately 30% LESS than ALL the other EU members! This is not an attack on Greece or the Greek people. It is merely pointing out the fact the gang of less than 50 knew that Greece’s economy would not fit with the other members of the EU and should not have ever joined the EU and switched to the Euro. They knew what would happen.

Who benefits and who profits? Probably the fewer than 50 people that meet in secret each month to determine how to slice the pie! This is two examples that have lead to our current economic nightmare that we, the citizens of the world, must deal with on a daily basis.

The “brain trust” that makes up the ECC and meets each and every month to determine how global finances are going to work are the very people that made the two decisions described above. Why should we trust them in secret when they have been shown to be economic fools in public? The game is completely rigged. We can not escape.

We must focus on solutions and develop systems that will help us to move away from these parasites, otherwise, we will simply continue feeding the machine. Do you want to feed the machine? Do you really want to support a gang of less than 50 people to keep you enslaved? Every time you use a dollar or use the bank you are filling the coffers of the gang of less than 50. So, where do we go from here? How do we dig this parasite out of the earth’s finances? We don’t. We begin a work-around.

Until we begin using real money, gold and silver, trading our labor for actual wealth that these parasites can not reach, we will continue to be nothing more than an ATM machine with our labor. They will continue to suck the very life out of us until the day we die and are replaced by the next sucker in line.


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The Real Reason For America’s Looming Retirement Crisis

The Real Reason For America’s Looming Retirement Crisis | Retirement-Crisis | Economy & Business Special Interests

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars? Social Security is supposed to be the underlying safety net for our entire retirement system, but it is essentially just a massive Ponzi scheme that everyone agrees is heading for a major disaster. Now that the Baby Boomers have started to retire, it is becoming clear that our society simply does not have the resources necessary to keep all of the promises that we have made to them. We are facing a retirement crisis of epic proportions, and by the end of this article you will understand the real reason why we have gotten into this mess.

Like so many other industrialized nations, America’s population is rapidly aging. In fact, in some rural areas of the country entire towns are in the process of slowly disappearing as their populations literally die off. The following is an excerpt from an outstanding article that was published by The Atlantic

It can be a pretty depressing proposition to start counting the deaths in this tiny town set among the hills and buttes of central Oregon.

Sherian Asher, 74, began keeping track a few years ago, despite herself, until she realized the tally: four deaths a month, in a town of 450. Then she stopped counting.

Fossil, Asher said, is “just going to die out.”

Businesses are disappearing, too. There used to be four gas stations, three grocery stores, three car dealers, and a lumber mill. Now, there’s just one restaurant in town open at night. The nearest hospital is more than an hour away, the nearest city, Bend, is two-and-a-half.

The Baby Boomers in particular pose a unique challenge for our society, because they represent a massive demographic bubble that has fundamentally altered our culture as they have passed through each stage of life. Now they are retiring in extremely large numbers, and many of them are completely unprepared for retirement.

Of course most of those coming after them are not preparing for retirement either. In fact, the executive director of the National Institute on Retirement Security says that 40 percent of all American workers have nothing saved up for retirement at all

“We have a lot of individuals who have nothing saved for retirement, about 40 percent of the workforce,” said Diane Oakley, executive director of the National Institute on Retirement Security. When her organization used census data to assess whether households were saving enough to retire with eight times their projected income, a very conservative estimate of retirement preparedness, “we found that 60 percent of households weren’t on track.”

Those numbers are absolutely staggering.

What in the world are we going to do once all of those people hit retirement age?

401(k) plans were supposed to revolutionize the way that Americans prepare for retirement, but that simply has not happened. In fact, USA Today is reporting that those that are participating in such plans only “have an average of $14,500 in their retirement accounts”…

The current retirement system in America hinges on the 401(k) plan, which replaced pensions as the go-to source of retirement income. But over the past 35 years that effort has been failing because participants are not contributing enough, asking for withdrawals and not repaying 401(k) loans. More participants are instead treating their 401(k) as a checking account and making very little effort to learn how to manage their investments. The chart below outlines how less than half of Americans now participate in retirement plans and those that do have an average of $14,500 in their retirement accounts, when they will need between 20 and 30 times that amount.

How long will $14,500 last you?

Perhaps if you are very thrifty it might last you six months.

Of course it is quite difficult to find money to put into your retirement account when you are living paycheck to paycheck, and some recent surveys have found that this is the case for about two-thirds of the population.

In the old days, many large companies offered pensions, but once 401(k) plans were introduced that number dropped significantly.

These days it is mostly federal, state and local government workers that are covered by pension plans, but unfortunately many of those pensions are severely underfunded.

This is something that I covered in substantial depth on the Economic Collapse Blog recently. In my piece, I pointed out a Bloomberg article that stated that overall there would be a pension funding gap of somewhere around 6 trillion dollars if honest numbers were being used. And that 6 trillion dollar shortfall would only apply if stock prices stay at current levels. If stock valuations simply returned to normal levels, pension funds would lose trillions upon trillions of dollars and we would very rapidly have a national crisis on our hands.

But if everything else fails, don’t we at least have Social Security?

I wouldn’t be so sure. Everyone knows that Social Security is essentially a Ponzi scheme that is living on borrowed time.

According to Reuters, one recent survey discovered that just 37 percent of all U.S. workers are “very or somewhat confident” that payouts from the system will continue at current levels in the future…

No surprise, then, that only 37 percent of workers are “very or somewhat confident” that Social Security will be able to maintain current benefit levels in the future, according to survey research by the Employee Benefit Research Institute (EBRI) – although confidence is much higher among older workers and retirees.

From a math standpoint, potential solutions to the problem are straightforward. The cuts can be avoided through increased revenue, benefit reductions or some combination of the two. But the politics are another matter.

Of course there are many reasons why we are in such a mess, but perhaps the biggest reason is because we don’t have nearly enough young people in the workforce paying taxes to support all of the older people that are retiring.

If we had tens of millions more taxpayers, pension funds all across the country would be much more solvent.

If we had tens of millions more taxpayers, the Social Security system would be just fine.

But we don’t have tens of millions more taxpayers, because we killed them.

Since Roe v. Wade was decided in 1973, we have killed close to 60 million children. Most of those children would be in the workforce today, but since they aren’t we have a major financial nightmare on our hands.

Throughout human history, the next generation has always taken care of the preceding generation once they have gotten too old to work.

But we have forfeited that right, because we committed mass murder. Now an unprecedented retirement crisis is looming, and nobody is going to have much sympathy for us when the whole system comes crashing down.


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Central Banking Warfare Model Readies The Next Step (VIDEO)

Central Banking Warfare Model Readies The Next Step (VIDEO) | world-with-money-1024x729 | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The global capacity for debt has reached it’s zenith. So-called developed markets and emerging markets have all reached maximum debt load. Of the all the major countries that impact the global GDP name one that’s not fully levered with debt. I’ll wait here while you look for that needle in a haystack.

We came into the bail outs. The G7 had levered up. Then we had the emerging markets lever up and they’re finished levering up and now everybody’s levered up. 

There is no place to go. We can go to an equity model and we can optimize bottom-up but that requires a legitimate pricing function. And when you’re trying to run the whole thing with fake intel, fake science, fake news…The harvesting machine needs a new way to dig and digital currency and digital cash is that way. But you need all those countries in the tent and you need the ability to force everybody into a digital system. Source

The world (tent) must get inline with the idea of global governance and global currency, otherwise, it will not work.

Cryptocurrencies and all the people who believe this digital illusion is going to somehow save us from the evil banksters are overlooking what I have been saying since bitcoin first came onto the scene – it plays into the hands of the banksters and their desire to move us all to a digital currency. If someone believes for a second that Amazon or any other large multinational corporation that conducts retail business is going to accept bitcoin when they have been instructed not to, they are simply living in a fantasy.

That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. No, you’re prototyping Mr. Globals digital currency. Source

If a person thinks the central banks and their digital currency will COMPETE with bitcoin you are not seeing the entire picture. That is not going to happen – EVER. The reason gold was outlawed in the U.S. in the 1930’s was to keep gold from competing with the Federal Reserve Note. Why would anyone believe the Federal Reserve is going to allow a digital form of currency to compete with their wealth transferring mechanism on a large scale?

In the video – America: Freedom to Fascism – Aaron Russo discusses what one of the Rothschilds explained to him. This scheming, blood sucking bankster tells Mr. Russo the people will all be chipped and the currency will be digital. Do you honestly think bitcoin will be included in this “mark of the beast” technology? If the cash is eliminated and we can only use digital currency the banks would have the ability to turn off an individuals access to funds. If bitcoin, or any other cryptocurrency, is allowed to operate this would not work. The banks would not be able to enslave the people. The slave trade would collapse.

Central Banking Warfare Model Readies The Next Step (VIDEO) | enslavement | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The only remaining question is whether China and Russia are in on the scheme. China already has a digital currency and most of the transactions in China are conducted without the use of cash. So, China is on board. That leaves Russia. What will Russia’s role be in moving to a digital currency operated by the central banks?

For me, it always comes back to gold and gold as currency. How would gold work in this new paradigm? What role would gold play? Will gold be, once again, outlawed, confiscated or simply remain outside the system?

Gold and silver have been money for thousands of years. The golden rule still applies – he who has the gold makes the rules. China and, their military partner, Russia, have lots of gold. India has a lot of gold in the hands of the citizens, but the central bank of India is not a major player like China and Russia. India has not been purposely adding to their gold horde the way Russia and China have been doing for the past decade. It’s funny to see India doing all they can to get their citizens to move away from acquiring physical gold while across the border in China the government is encouraging – and make it very easy – for the citizens to acquire gold. The Chinese citizens have been responding ever since this initiative was first announced. On the other hand, the citizens of India do all they can to keep the banking cabal and corrupt government out of their gold stash.

The western “developed” world is in desperate need of a major large scale war. Large scale war is the one thing that can cover the crimes of the western banking cabal and allow the system to be reset while the criminals blame someone else. Russia and China are the obvious targets of the U.S./U.K. with North Korea playing a minor role and possibly being used as a pawn to jump-start the whole thing. Syria is all about the oil and gas pipelines, so, Syria could be a jumping off point as well.

Whoever starts the next world war rest assured the U.S. will not be spared. Bombs will land on this soil and eliminate entire cities.

The world can not escape the debt saturation we find ourselves entangled. There are only a handful ways to get out of the web and war has always been, throughout all of history, the primary way this has happened. The difference today is nuclear weapons. Nuclear weapons create problems for thousands of years so is it really a viable option? A debt jubilee/reset is another way debt has been handled throughout history, however, the world was a lot smaller place. Revert to a gold standard and reset the debt to gold? I don’t know what the answer is, but I do know our time is running out.

This is a must listen interview with Catherine Austin-Fitts. She explains the above in greater detail and paints the picture all the way to the edge.

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Absurd Valuations on Unprofitable Tech Stocks

Absurd Valuations on Unprofitable Tech Stocks | stock-market-economy | Economy & Business Special Interests

The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: ‘I don’t understand these valuations’, yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. UberSnapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.

While angel funding, seed investment and incubation have a nice ring to their functions, what they all have in common is gaining a piece of the equity action before any IPO is sold to the investment insiders, much less the general public. What is often lost is that any new startup enterprise must develop cash flow well before any earnings can be achieved.

Defying common sense, many of this new generation of cutting edge technology companies are pitching a dream that often turns into a nightmare for the imprudent investor. At least Apple sells, admittedly very overpriced phones, a product that has a functional and utilitarian purpose. But what possible claim of intrinsic worth does a trendy app have when duplication of utility is achieved by a tech giant as Facebook?

Even the most bombastic huckster, Elon Reeve Musk finds himself reliant on the intrepid waters of government subsidies to keep his bubble run on solar cells, alive. Yet his stock price keeps inflating with little financial connection to turning a profit, even when Sparks fly on Wall Street over Tesla’s current valuation.

“For now, Musk and his team have built up enough investor goodwill to buy him time to follow through his vision. Tesla narrowly missed its target of delivering 80,000 vehicles last year and has only reported two profitable quarters in its brief history. Nonetheless, its rapid rise could see it accelerate past Honda and move into the top five most valuable carmakers in the world.

This comes as the finances of Ford and GM are in rude health. GM is expected to earn more than $9bn this year and Ford to rake in profits of $6.3bn; Tesla is expected to lose more than $950m.”

Come on folks, in what mystical world of consumer sales indifference does one accept that in the immediate future buyers will jump from the torque of a four wheel drive F-150 V-8 into the restriction of a Tesla electric cord? In order to make this fantasy work Road and Track contends, The Case for a Tesla-GM Merger. The argument simply comes down to “You put together a carmaker with mojo and a carmaker with capacity.”

“We live in an era where brick-and-mortar companies frequently play second fiddle to apps and platforms and clouds and other entirely ephemeral ideas. It suits the stock market just fine, because the stock market is much like the baseball-card market, or the art market, in that it serves more as a reflection of prevailing views than as any truly prescient or even intelligent verdict regarding a company’s merit. It’s an illusion. Of course, it is an illusion with the power to build fortunes and destroy lives in a millisecond.”

When government motors was bailed out by the Obama administration to save the unions while wiping out the bond holders, GM was given a second chance at the taxpayer expense. Now we are suppose to accept another rescue of Tesla debt to keep the illusion that the future belongs to the driverless “green” vehicle. Hey, why not just go all the way; ban humans from using gas guzzlers on the highways, while taxing a per mile user fee to replace the gas tax? Just keep diesel commercial trucks to navigate the steep grades to fix all the infrastructure that driverless vehicles will use.

The absurdity of this brave new world is as obscene as the stock prices of the technocratic anti-human robot society that is facing an expendable population. Nonetheless, do not take our analysis for the last word. Look to the essay in The Street, From the Absurd to the Ridiculous: When Fundamentals Don’t Matter, where the example of Yahoo is reviewed.

“Yahoo! (YHOO) , which was a highly valued company during the dot-com era.

When looking at Yahoo!’s price and P/E ratio, the fundamentals didn’t really reflect the stock price. Yahoo! was trading at nearly 3,500 times its P/E ratio at one point, which may have been unjustified.

Following that, the markets were quick to realize that the company wasn’t that valuable, and it began to tank once the bubble popped.

Take a look at how Yahoo!’s market capitalization evolved over time. Prior to the dot-com bubble, Yahoo! had a market cap of less than $1 billion.

However, during the bubble, Yahoo!’s market cap rose to more than $100 billion at its peak. Thereafter, its market cap and share price fell significantly, with the former falling to between $5 billion and $10 billion.”

If such a stable of the computer age as Yahoo could be reduced to the humiliation of a hostile takeover by Verizon at a price not much more than an unknown startup as Team Chat provider Slack with a valuation of about $3.8 billion, what true value does any of these high tech ventures provide over time? Anyone remember one of the scores of services from Yahoo called Messenger? Do the math, plunging down your bucks on such moving targets as superficial fads is most risky.

Google search beat out Yahoo, but will Alphabet retain the preeminent crown of dominance with their imposition of censorship and filtering out of free speech? Stock values are never guaranteed and especially with tech companies, you are only safe if competition is eliminated.


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The Military Complex Has Taken Control Of The White House (VIDEO)

The Military Complex Has Taken Control Of The White House (VIDEO) | The-Military-Complex-Has-Taken-Control-Of-The-White-House | Collapse Economy & Business Government Government Control Military Sleuth Journal Special Interests Trump

“The astonishing reinvention of Donald Trump:”  Washingtonians are still puzzling at the speed with which the man who promised to “drain the swamp” has come to bask in its approval. In the past 10 days, Mr Trump has belied many of the city’s worst fears. Having promised to launch a trade war with China, Mr Trump is rapidly abandoning his protectionist rhetoric. Likewise, having vowed to avoid foreign wars, he has acquired a sudden taste for Levantine missile launches. And having dismissed Nato as obsolete, Mr Trump is now singing the alliance’s praises. – Financial Times, April 13, 2017

It was just a matter of time before the Deep State got its meat-hooks into Trump. The move to remove Steve Bannon from the National Security Council and replace him with two Deep State operatives who had been formerly removed from NSC was our signal that the Deep State had restored its control of the Oval Office. Shortly after that power swap was accomplished, missiles started flying in Syria in response to false flag “gas” attack and the world’s largest non-nuclear bomb was dropped on CIA-built underground tunnels in Afghanistan.

Trump has back-pedaled on every single “plank” in his campaign platform – about as quickly as Obama did after he was inaugurated. Trump’s geopolitical policies now resemble the same policies endorsed by Hillary Clinton, who is a neocon dressed in drag.

When all else fails, start a war. The opinion ratings on Trump are plunging, along with the major portions of the economy. Auto sales are down 10% since the beginning to 2017 and JP Morgan, despite “beating” earnings estimates, disclosed a troubling spike in credit card write-offs, which rose to nearly $1 billion in Q1. Retail sales have now declined two months in a row. It’s no coincidence that the dismal sales report was released on Good Friday when the market was closed. The original .1% gain reported for February was revised down significantly to a decline of .3%. Restaurant industry sales have declined for 11 of the last 12 months in a row on a year over year monthly basis.

The economy is been fueled on money printing and credit creation for the better part of 40 years. That artificial stimulation went parabolic in 2009. The tech and housing bubbles have been reinflated along with every other asset class into an “everything” bubble. Real weekly earnings have declined two months in a row. The consumer is tapped out on two fronts: disposable income and the capacity to take on more debt. Now comes the part where the average household begins to default on the debt it’s taken on over the last 8 years. Hence the big jump in credit write-offs disclosed opaquely by JP Morgan last week.

Today’s Shadow of Truth discusses the role played by the Deep State in ushering in the inevitable economic collapse of the United States which will lead to the implementation of Totalitarianism and a dystopic political system:

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The Real Dangers Behind The Syrian Crisis Are Economic

The Real Dangers Behind The Syrian Crisis Are Economic | syria-flag-fire | Economy & Business Sleuth Journal Special Interests US News War Propaganda

Back in 2010/2011 when I was still writing under the pen-name Giordano Bruno, I warned extensively about the dangers of any destabilization in the nation of Syria, long before the real troubles began. In an article titled Migration Of The Black Swans, I pointed out that due to Syria’s unique set of alliances and economic relationships the country was a “keystone” for disruption in the Middle East and that a “revolution” (or civil war) was imminent. Syria, I warned, represented the first domino in a chain of dominoes that could lead to widespread regional warfare and draw in major powers like the U.S. and Russia.

That said, my position has always been that the next “world war” would not be a nuclear war, but primarily an economic war. Meaning, I believed and still believe it is far more useful for establishment elites to use the East as a foil to bring down certain parts of the West with economic weapons, such as the dumping of the U.S. dollar. The chaos this would cause in global markets and the panic that would ensue among the general public would provide perfect cover for the introduction of what the globalists call the “great financial reset.” The term “reset” is essentially code for the total centralization of all fiscal and monetary management of the world’s economies under one institution, most likely the IMF. This would culminate in the destruction of the dollar’s world reserve status, its replacement being the IMF’s Special Drawing Rights basket currency system.

Eventually, the SDR basket system would act as a stepping stone towards a single global currency system, and its final form and function would probably be entirely digital. This would give the globalists TOTAL push-button control over even the smallest aspects of normal trade. The amount of power they would gain from a single centralized digital currency system would be endless.

Syria in itself is just one layer upon many in the process of deliberate global instability, but it seems to be vitally important to the elites given that they continually make new attempts to draw the American public into support for so called “regime change.”

Mainstream media publications like The New York Times overtly press the narrative that Syrian president Bashar al-Assad has a long history of war crimes including the use of chemical weapons against civilians. Yet, neither The New York Times nor anyone in government has produced a single piece of compelling concrete evidence that Assad is guilty of such acts, including the latest chemical attack which the Trump administration as used as a rational for cruise missile strikes against Syrian military targets and rhetoric calling for the ousting of Assad.

Not that I necessarily have much faith in the Assad regime, but we saw this same exact model used under the Obama administration in 2013: A chemical attack against civilians which the White House then immediately, without evidence, uses to implicate Assad and call for regime change. This tactic to seduce the American public into war fever failed, even with many acting serving military, and Obama backed away (in part) from a full blown invasion of Syria. Now, it would appear that the establishment hopes they’ll get a better response using the same con-game under Trump.

There are far more advantages in the Trump scenario, however.

It has been my longstanding belief since the middle of last year that Trump would undoubtedly be president of the U.S., because the international banking cabal needs a scapegoat for the ongoing economic crisis they have been engineering for many years. The Syrian strategy is a win/win for the elites under Trump because, with Trump, there is no need for moderation. If they can influence him to rampage without concern for the repercussions in the region, then their scapegoat implicates all conservatives in general with little effort on their part.

George Soros‘ prediction that Trump “will fail” because he is “unpredictable and unprepared” and that he will “end up bad for the markets” will become a self-fulfilling prophecy.

I warned the liberty movement over and over again after Trump’s cabinet selection that he was surrounding himself with establishment ghouls that would either run the White House in spite of him, or, that he was gladly cooperating with them. His recent high tension rhetoric against the Syrian government and against North Korea only seems to confirm my suspicions.

So, where is this all headed? Nowhere good…

First, consider the fact that every time it appears that the Syrian government seems to be making headway in destroying ISIS, there is suddenly another chemical attack which places Assad under suspicion. Anyone who read my article ISIS Is Being Aimed At The West By Globalists — Here’s What We Can Do About It, published in 2015, has seen the extensive evidence I outlined which shows U.S. government complicity and even direct aid in the creation of ISIS. I compared the rise of ISIS to Operation Gladio, a massive false flag project undertaken by U.S. and European governments in Europe from the 1950s to the 1990s.

ISIS is useful as a perpetual boogeyman, and sadly, the Muslim religion has one foot stuck in the dark ages and will remain fertile ground for generating extremist groups for decades to come. The elites have every intention of protecting certain factions of ISIS in Syria, which means that ISIS will continue to spread from the area into the EU and the U.S. and terrorist attacks will continue to multiply.

Second, we have learned that the Trump administration is perfectly willing to fast-track certain longstanding establishment projects that involve kinetic action (i.e. destruction and death). If they were happy to move so quickly to strike Syria without supplying any evidence to support the measure, then it should come as no surprise if they are willing to strike North Korea, a country with ACTUAL means to threaten American targets or our interests in the Pacific. A precedent is being set today for an ongoing program of fast moving preemptive strikes. I believe this will go even beyond Barack Obama’s notorious penchant for trigger pulling to destabilize regions.

Third, I think many people also forget that Syria continues to maintain a mutual defense pact with Iran. Why does this matter? Syria is NOT Libya; Assad is not going to go down like Gaddafi at the hands of insurgent groups like ISIS. Regime change in Syria is going to require numerous U.S. boots on the ground. This, in turn, will invite hundreds of thousands from the Iranian Guard to intercede. If you study military preparedness around the world you know that a country like Iran or North Korea will offer far greater resistance than what we saw in Afghanistan or Iraq.

While they are still very poor nations militarily (in terms of defense spending), they are still relatively well-trained, and the technology gap is less expansive. Many American men will die in such a fight. If ground invasion becomes an option in Syria, expect Iran to be next, and expect the option of a new “draft” to return to the U.S.  Also keep in mind that Americans will never accept military conscription today unless we suffer a massive attack on U.S. soil, or on U.S. forces abroad.  So, expect some shock and awe to occur in short order…

Third, there is, of course, the ongoing question as to when U.S. and Russian forces will “stumble” over each other and someone on either side gets killed? The majority of analysts in the liberty movement expect that this is inevitable. I suppose I agree, but I do not believe the elites have been entrenching billions of dollars in control grid technology in every major city in the world just to vaporize them in a chain of mushroom clouds (this control grid includes Russian cities — just look up Putin’s Yaroslavl laws, which might make the NSA envious).

It seems to me that the natural progression of these tensions will end in economic retaliation from the East against the West, not nuclear retaliation. The thing is, this is actually the worst case scenario.

With nuclear conflagration comes immediate loss of full spectrum awareness for the elites. They lose their surveillance grid, they lose the means to maintain a healthy standing military, they lose the means to dictate the narrative because the mainstream media will not be functioning at that point, etc. During an economic crisis, they can shift wealth easily to safe havens, they can weaken certain militaries while strengthening others. They retain their control grid apparatus and use it effectively against the citizenry as long as there is not substantial civilian resistance, and the list goes on.

With nuclear war there would be total chaos. With economic crisis there is controlled chaos. The establishment prefers the latter option.

Eastern nations and their allies still hold considerable U.S. Treasury bonds in their coffers, and they still use the dollar for the most part as the world reserve currency (though they have been preparing the ground for a dollar dump since at least 2008). On top of this, many of these nations also have the option of dumping the dollar as the petro-currency and crushing our monopoly on how oil is traded globally. If any of these measures are taken by countries like Russia, China and Saudi Arabia, the U.S. economic structure will lose the last pillar holding it above water. We will effectively move into third-world status in the course of a few years.

These are not hypothetical dangers, these are very real dangers which have already been mentioned publicly by Eastern interests in their own media. They are also dangers which SERVE the globalist agenda in the long run. As I have noted time and time again in the past with ample evidence, Eastern governments including Russia and China openly and avidly support the International Monetary Fund and continue to call for the IMF to take over global management of all monetary policy to form a single world currency system. They may be “anti-U.S.” in rhetoric, but they are NOT anti-globalist.

Syria remains a highly useful catalyst for the globalists to achieve the crisis they need to push their great reset forward. Being that they have tried to thrust Americans into that quagmire so many times over the past few years, I think it is safe to say they plan to use Syria as trigger point whether we cooperate or not.

This article was republished from Alt-Market.com.

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Ken Schortgen: Gold, China, Trump and The Economic Collapse (VIDEO)

Ken Schortgen: Gold, China, Trump and The Economic Collapse (VIDEO) | global_economic_collapse-460x2541 | Economy & Business Multimedia

Digital gold seems to be springing up and finding some legs all across the planet. We first reported on digital gold with James Turk almost two years ago when Mr. Turk first introduced GoldMoney. As of today there are two new players on the scene with slightly different offerings than what GoldMoney has to offer.

The firs, micro-gold through the We Chat app that is available in China. This allows a person to send and receive gold “tokens” digitally and then has the option to spend the gold as money or redeem the gold in physical form. We recently sat down with Jeff Brown, China Rising, to discuss this new phenomenon racing through China. During this years New Year celebration more than 300,000 new gold accounts were opened to accommodate the gold offerings made through the We Chat app. A person can transfer as little as 1/1,000th gram of gold or as much as 1 kilo of gold, in digital form, using their phone.

Today I sat down with Ken Schortgen, The Daily Economist, to learn about another offering that has just come to the fore in Europe. The particulars are not known as of this writing, but rest assured, as soon as I have a minute to conduct more research we will be reporting our findings. What we do know is it seems to operate similarly to the We Chat app, where a person can send and receive digital gold “tokens”. Beyond that, we are not sure if the gold is redeemable in physical form.

Also, on the horizon is a new futures market operating in Dubai.This new market apparently will be tied directly to the Shanghai Gold Exchange and is said to be the gold market for the coming change in Sharia law regarding gold investments. If the Muslim world is opening it’s own gold market, someone is expecting a healthy flow of physical gold.

Mr. Schortgen, as an historian, provides us with a glimpse of history that sheds light on what is happening today, not only in the U.S. but around the world. He also shed some light on what has happened since President Trump launched 59 tomahawk missiles into Syria on April 6. The whole of what is happening is moving around like a pinball and it seems, for the moment, cooler heads are prevailing. What is happening behind the scenes could be a whole other story. What we do know is that China is not taking any sass from North Korea and China has made it abundantly clear she is going to lead the way in this situation.

Russia, on the other hand, is not putting up with any more nonsense coming out of Washington DC and the Trump administration. While the “Russian red line” has been debunked it seems from the information coming out of the meeting between Lavrov and Tillerson, that Russia is in no mood to deal with any more empty promises like the ones they have been fed over the past two years. Russia is ready to tango and made has all but said they will defend Syria from this moment forward.

Our world is moving at break-neck speed and it seems that what used to take a month to develop now takes a matter of minutes. The number of economic data points, geopolitical data points and monetary data points seem to all be pointing to fatal outcomes.

Ken does a great job to help us navigate some of these murky waters and explain some of what is happening in plain, easy to understand English. Highly recommend giving this one a good listen.

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The Dow Falls Another 138 Points As Geopolitical Shaking Forces Investors To Race For The Exits

The Dow Falls Another 138 Points As Geopolitical Shaking Forces Investors To Race For The Exits | Exit-Sign-Abandoned-Public-Domain | Economy & Business Special Interests

Stock prices just keep on falling, and many analysts are now wondering if a full-blown stock market crash is in our near future.  On Thursday, the S&P 500 and the Dow both closed at 2 month lows after Donald Trump dropped “the mother of all bombs” in Afghanistan.  It was the first time that one of these bombs has ever been used in live combat, and it is being reported that each of these bombs weighs 22,000 pounds and costs 16 million dollars to make.  Of course Trump was trying to send a very clear message to the rest of the world by dropping this bomb, and investors interpreted it as a sign that we are getting even closer to war.

The financial markets will be closed on Friday for the long holiday weekend, and with so much uncertainty about what may happen in Syria and in North Korea, many investors wanted to get their money out of the market while they still could.  The historic losing streak for S&P 500 tech stocks extended to 10 days in a row on Thursday, and all of the major stock indexes are now below their 50 day moving averages for the first time since the election.

And the VIX closed above 16 to close the week, which many analysts saw as a sign that more market volatility is on the way

The fear index on Thursday hit 16.22, its highest since Nov. 10, after closing above its 200-day moving average on Monday for the first time since Nov. 8.

“The VIX confirmed a breakout above its 200-day moving average [Tuesday], supporting a pickup in volatility in the days ahead,” BTIG’s chief technical strategist, Katie Stockton, said in a Wednesday note.

On Tuesday, I wrote about how geopolitical instability is causing many investors to seek out safe havens such as gold and silver, and that trend continued on Thursday.  As I write this, the price of gold is sitting at $1289.20, and the price of silver is up to $18.50.  Of course if the French election goes badly for the globalists or we see a full-blown shooting war erupt in either Syria or North Korea, those prices will go far, far higher.

For quite a while I have been very strongly warning that these ridiculously inflated stock prices were not sustainable.  It was inevitable that they would start to decline, because the underlying economic numbers simply did not support them.

And just today we got some more bad news.  According to Zero Hedge, the mortgage business at one of America’s biggest banks has been absolutely crashing…

When we reported Wells Fargo’s Q4 earnings back in January, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because “as a result of rising rates, Wells’ residential mortgage applications and pipelines both tumbled, specifically in Q4 Wells’ mortgage applications plunged by $25bn from the prior quarter to $75bn, while the mortgage origination pipeline plunged by nearly half to just $30 billion, and just shy of all time lows recorded in late 2013 and 2014.”

Fast forward one quarter when what was already a troubling situation, just got as bad as it has been since the financial crisis for America’s largest mortgage lender, because buried deep in its presentation accompanying otherwise unremarkable Q1 results (EPS small beat, revenue small miss), Wells just reported that its ‘bread and butter’ is virtually gone, and in Q1 the amount of all-important Mortgage Applications has tumbled by a whopping 23% to just $59 billion, below the lows hit in early 2014, and at fresh lows since the financial crisis.

Unfortunately, what is going on at Wells Fargo is just part of an enormous “loan collapse” that we are witnessing all over the nation.

This is exactly what we would expect to see if a new recession was beginning.  When economic conditions show down, banks and other lending institutions begin to get tighter with their money, and a tightening of credit causes economic activity to slow down even further.

It can be exceedingly difficult to break out of such a cycle once it starts.

But the mainstream media doesn’t seem to understand these things.  Instead, they are pointing the blame at other sources for the emerging economic slowdown.  For example, consider the following excerpt from a CNN article entitled “Americans have become lazy and it’s hurting the economy”

Americans have become lazy, argues economist Tyler Cowen.

They don’t start businesses as much as they once did. They don’t move as often as they used to. And they live in neighborhoods that are about as segregated as they were in the 1960s.

All of this is causing the U.S. to stagnate economically and politically, Cowen says in his new book: “The Complacent Class: The Self-Defeating Quest for the American Dream.” Growth is far slower than it was in the 1960s, 70s and 80s and productivity growth is way down, despite everyone claiming they are working so hard.

No, our economic problems are not the result of Americans being too lazy.

Rather, the truth is that we have accumulated way too much debt as a society, we have been way too greedy, and there has been way too much manipulation by the Federal Reserve and other central banks.

For decades we have been living way above our means.  We have been able to do this by stealing trillions upon trillions of dollars from future generations of Americans, and now a day of reckoning is rapidly approaching.

Unfortunately for Donald Trump, he just happens to be the president at this moment in history, and so much of the blame for what is about to happen will be pinned on him.  The following comes from a recent interview with Peter Schiff

Trump doesn’t want to preside over a major decline in our standard of living, but ultimately that has to happen. Because this is the consequence of all this excess consumption that went on before he was president. You know, we sacrificed our future to indulge our past. The future is now the present. We’re here, and it’s time to pay the piper.

Schiff is precisely correct.

For decades we have just kept sacrificing the future in order to inflate our current standard of living.

But the funny thing about the future is that it always arrives at some point, and now we are going to pay an enormously high price for being so exceedingly reckless all these years.


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Tech Stocks Experience Their Longest Losing Streak In 5 Years As Panic Begins To Grip The Market

Tech Stocks Experience Their Longest Losing Streak In 5 Years As Panic Begins To Grip The Market | Bull-Market-Bear-Market-Public-Domain-700x468 | Economy & Business News Articles

S&P 500 tech stocks have now fallen for 9 days in a row. The last time tech stocks declined for so many days in a row was in 2012, and that was the only other time in history when we have seen such a long losing streak. As I have stated before, the post-election “Trump rally” is officially done, and the market is starting to roll over as investors begin to realize that all of the buying momentum has completely evaporated. Tech stocks tend to be particularly volatile, and so the fact that they are starting to lead the way down should definitely be alarming to many in the investing community.

Of course it isn’t just tech stocks that are falling. The Dow was down another 59 points on Wednesday, and the S&P 500 has closed beneath its 50 day moving average for the very first time since the election. For those that have been waiting for a key technical signal before getting out of the market, there is one for you.

The price of gold was up again, and that is definitely not surprising in this geopolitical environment. The closer we get to war the higher gold and silver prices will go, and if we actually get into a major conflict we will see them blast into the stratosphere.

Another key indicator that I am watching very closely is the VIX. On Wednesday it shot up above 16 for the very first time since the day after Trump’s election victory, and many believe that it could soon go much higher. The following is an excerpt from a CNBC report

The VIX measures the size of the S&P 500’s expected moves over the next 30 days, and consequently tends to run just a bit hotter than volatility over the past 30 days. Yet one-month realized volatility is just 6.7, meaning the VIX is at a roughly 9-point premium, which Chintawongvanich calls “highly unusual.”

That said, he notes that implied volatility was also at a large premium preceding the U.K. referendum to leave the EU and the U.S. presidential election. The obvious conclusion is that the market is now similarly preparing itself for the French presidential election, which is set to be held on April 23. Some fear that a populist candidate could prevail, which may cause more problems for the European Union and thus for economic stability.

As noted in that excerpt, the upcoming French election is absolutely huge. If the election goes “the wrong way” according to the globalists, it could literally mean the end of the European Union as it is configured today.

And of course of even greater concern is the global march toward war. It is being reported that North Korea is on the verge of a major nuclear weapons test, and such an act of defiance could be enough to push Donald Trump into conducting a major military strike.

But if Trump does hit North Korea, it is quite likely that North Korea will hit back. The North Koreans are promising to use nuclear weapons in any conflict with the United States, and if Trump bungles this thing we could easily be looking at a scenario in which millions of people end up dead.

Things also continue to get more tense in the Middle East. The Russians and the Iranians are promising to respond to any additional U.S. strikes “with force”, and on Wednesday Trump declared that our relationship with Russia “may be at an all-time low”.

Of course this came shortly after Secretary of State Rex Tillerson used similar language following his face to face meeting with Russian President Vladimir Putin

Secretary of State Rex Tillerson and Russian President Vladimir Putin held more than two hours of “very frank” talks Wednesday in the Kremlin amid tensions over a U.S. airstrike against a Syria air base blamed for last week’s deadly chemical attack.

In remarks to reporters after the meeting, Tillerson said he told the Russian leader that current relations between the two countries are at a “low point.”

If the Trump administration conducts any more strikes on Syria, it is quite likely that the Russians and Iranians will make good on their threats and will start firing back.

And once U.S. aircraft or U.S. naval vessels come under fire, the calls for war in Washington will become absolutely deafening.

Unfortunately, Trump is not likely to back down any time soon because the recent missile strike in Syria has dramatically boosted his popularity. According to every recent survey, the American people overwhelmingly approve of what Trump did…

A Morning Consult/Politico poll released Wednesday found that 57% of Americans supported airstrikes in Syria, 58% supported establishing a no-fly zone over parts of Syria including strikes against Syria’s air-defense systems, and 63% of Americans thought the US should do more to end the Syrian conflict. Even more, 66% of respondents said they supported the Trump administration’s strike last week specifically.

This mirrored results of another recent poll from CBS News in which 57% of Americans said they approved of the US strike. A Pew Research Center survey from this week showed a similar level of support, with 58% of Americans approving of the strike.

Sadly, this is a time when the majority is dead wrong. Many of those that are supporting military action against Syria now were vehemently against it when Barack Obama was considering it.

Even Donald Trump spoke out very strongly against military intervention in Syria in 2013, and he was quite right to do so, and so what has suddenly changed that now makes it okay?

There is nothing to be gained in Syria, but we could very easily end up in a direct military conflict with Russia, Iran and Hezbollah which could ultimately prove to be the spark that sets off World War III.

And of course a military strike on North Korea could also potentially spark a global war. The first Korean War resulted in a direct military conflict between the United States and China, and the second Korean War could easily result in the exact same thing happening again.

Do the American people really want war with both Russia and China at the same time?

It has been said that you should be careful what you wish for, because you just might get it.


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Subprime Crisis Is Here: 12 Signs Day Of Reckoning Has Arrived For U.S. Auto Industry

Subprime Crisis Is Here: 12 Signs Day Of Reckoning Has Arrived For U.S. Auto Industry | Auto-Industry-Public-Domain | Economy & Business Special Interests

In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here.  In recent years, the auto industry has been able to boost sales by aggressively pushing people into auto loans that they cannot afford.  In particular, auto loans made to consumers with subprime credit have been accounting for an increasingly larger percentage of the market.  Unfortunately, when you make loans to people that should not be getting them, eventually a lot of those loans are going to start to go bad, and that is precisely what is happening now.  Meanwhile, automakers and dealers are starting to panic as sales have begun to fall and used car prices have started to crash.  If you work in the auto industry, you might remember how horrible the last recession was, and this new downturn could eventually turn out to be even worse.  The following are 12 signs that a day of reckoning has arrived for the U.S. auto industry…

#1 Seven out of the eight largest automakers in the United States fell short of their sales projections in March.

#2 Overall, U.S. auto sales so far in 2017 have been described as a “disaster” despite record spending on consumer incentives by automakers.

#3 Dealer inventories are now at the highest level that we have seen since the last financial crisis.  Why this is so troubling is because there are a whole lot of unsold vehicles just sitting there doing nothing, and this is becoming a major financial problem for many dealers.

#4 It now takes an average of 74 days before a dealer is able to sell a new vehicle.  This number is also the highest that it has been since the last financial crisis.

#5 Not only is Ford projecting that sales will fall this year, they are also projecting that sales will fall in 2018 as well.

#6 Used vehicle prices are already starting to decline dramatically

The used-vehicle price index from the National Automobile Dealers Association posted a 3.8% decline in February compared to the prior month. NADA also said wholesale prices fell 1.6%.

#7 As I discussed yesterday, Morgan Stanley is projecting that used car prices “could crash by up to 50%” over the next four or five years.

#8 Right now, more than a million Americans are behind on their payments on their auto loans.  This is something that has not happened since the last financial crisis.

#9 In 2017, U.S. consumers are more “underwater” on their auto loans than they have ever been before.

#10 Subprime auto loan losses have soared to their highest level since the last financial crisis, and the delinquency rate on those loans has risen to the highest level that we have seen since the last financial crisis.  By now, I am sure that you are starting to notice a pattern in these data points.

#11 At this moment, approximately $200,000,000,000 has been loaned out by auto lenders to consumers with subprime credit.

#12 Just like with subprime mortgages in the run up to the last financial crisis, subprime auto loans have been bundled together and sold as “securities” to investors.  And just like last time around, this has turned out to be a recipe for disaster

Many auto loans, including those considered subprime, are securitized and sold to investors. But Morgan Stanley recently reported that the share of auto securities tied to “deep subprime” loans – those given to borrowers with a FICO credit score below 550 — has risen from 5.1 percent in 2010 to 32.5 percent today. It said defaults on those bonds have risen significantly in the past five years.

Almost a quarter of the more than $1.1 trillion in U.S. auto loan debt is owed by subprime borrowers, and delinquency rates have hit their highest point in seven years.

In the old days, you could always count on the U.S. auto industry to bounce back eventually because of the economic strength of average U.S. consumers.

Unfortunately, the middle class in America is being systematically hollowed out by long-term economic trends that our leaders in Washington D.C. have consistently ignored.

We have become a nation of economic extremes.  There are more millionaires in this country than ever before, but meanwhile poverty is exploding in communities all over the country.

If you live in a prosperous area, things may be going great where you live for the moment.  But as Gallup has discovered, an all-time record high percentage of Americans are worrying “a great deal” about hunger and homelessness these days…

Over the past two years, an average of 67% of lower-income U.S. adults, up from 51% from 2010-2011, have worried “a great deal” about the problem of hunger and homelessness in the country. Concern has also increased among middle- and upper-income Americans, but they still worry far less than do lower-income Americans.

You may have plenty of money in your bank account, and so for you hunger and homelessness are not very big issues.  But for those that are just scraping by from month to month, having enough food and a place to sleep at night are top priorities.  Here is more from Gallup

Americans at all income levels are expressing greater concern about hunger and homelessness, and it is the top worry among lower-income Americans, who are most likely to struggle to pay for adequate food and housing.

In addition to the woes of the auto industry, the retail industry is going through the worst wave of store closings in modern American history, pension funds are melting down all over the nation, and stocks are primed for a crash of epic proportions.  Things are lining up just right for the kind of scenario that I laid out in The Beginning Of The End, but unfortunately most people are not listening to the warnings.

The same thing happened just before the great financial crisis of 2008.  All of the warning signs were there well in advance, and many of the experts were warning about what was coming as early as 2005.  But because it did not happen immediately, a lot of people greatly mocked the warnings.

But then the fall of 2008 arrived and all of the mockers suddenly went silent.

As you can see from the numbers that I shared above, a new crisis has already arrived.

The only question now is how bad it will ultimately turn out to be.

As always, let us hope for the best, but let us also get prepared for the worst.


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