How Debt-Asset Bubbles Implode: The Supernova Model of Financial Collapse

http://charleshughsmith.blogspot.com/2017/05/how-debt-asset-bubbles-implode.html

The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015

http://www.infowars.com/the-shemitah-the-biblical-pattern-which-indicates-that-a-financial-collapse-may-be-coming-in-2015/

James Rickards-Financial Collapse and Massive Shortages in Gold Coming

http://usawatchdog.com/catastrophic-outcomes-may-come-faster-than-expected-james-rickards/

We’re just waiting for that catalyst that I call the snowflake that starts the avalanche.   You don’t worry about the snowflakes; you worry about the snow and that it’s unstable and it’s just waiting to collapse.

Rickards says the collapse will happen, but he is not sure of when it will come.  Rickards explains, “It is the thing you won’t see coming that will take the system down.  Things happen much more quickly than what investors expect.”  Rickards adds, “What will happen in gold is that it will chug along and then all of a sudden–boom.  It will be up $100 an ounce, and then the next day it will be up another $200 an ounce.  Then everyone will be on TV saying it’s a bubble—boom.  It’s up $300 an ounce, and before you know it, it will be up $1,000 per ounce.  Then people will say gee, I better get some gold, and they’ll find out they can’t get it because the big guy will get it.  You know, like central banks and sovereign wealth funds will be able to get the gold.  The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry, we’re not shipping.  You’re going to find out you can’t get it because the whole thing is set up for massive shortages in supply.”

David Stockman - This Financial Collapse Will Be Catastrophic

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/4_David_Stockman_-_This_Financial_Collapse_Will_Be_Catastrophic.html

Eric King:  “How frightening will that period of chaos you just described be for investors?”

Stockman: “There is every reason to believe that it will be outside the range of prior experience.  Once it is clear that the Fed is out of ammunition, I think it’s going to cause an even greater wave of panic than we had last time (in 2008).  I think it’s a ship of fools (the Fed).  They have enormous power over the entire financial system, not only domestically, but over the entire global system.  It tells you why this doctrine of monetary central planning is so destructive and dangerous.  No twelve people should be in a position to unleash this kind of turmoil.”

Eric King:  “In the 1970s we saw the 25-fold move in gold, before you guys (Stockman, Volcker & Dr. Roberts) rescued the system.  But this time around we’ve already seen gold up almost 800% (at the peak in 2011).  It almost sounds like gold could repeat or even outperform what we saw in the 1970s as this chaos really starts to unfold.”

Stockman:  “The upside for gold is unfathomable.  If the monetary system really unwinds because the central banks take it to the edge, and over, there’s no telling how far gold could rise.”

David Stockman - Expect Financial Collapse & Flight To Gold

David Stockman is the former Director of the Office of Management and Budget (OMB).  He is part of the status quo that would presumably not rock the "big government" boat.  In other words, he is not a lunatic fringe blogger.  Read what he has to say about our out-of-control government finances and his opinion on gold.  Be forewarned--this is a must-read.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/22_David_Stockman_-_Expect_Financial_Collapse_%26_Flight_To_Gold.html

Disappearing Gold Inventories, Financial Collapse & The Fed

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/13_Disappearing_Gold_Inventories%2C_Financial_Collapse_%26_The_Fed.html

Coming Financial Collapse Moved Up A Notch Post Cyprus

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/2_Coming_Financial_Collapse_Moved_Up_A_Notch_Post_Cyprus.html

Celente: The 2013 Financial Collapse Will Be One For The Ages

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/18_Celente__The_2013_Financial_Collapse_Will_Be_One_For_The_Ages.html

Greyerz - Greatest Financial Collapse The World Has Ever Seen

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/28_Greyerz_-_Greatest_Financial_Collapse_The_World_Has_Ever_Seen.html

“Europe is in a crisis, but they can never decide anything in these meetings.  They might come out with a little package, but in the end it will be irrelevant.  The real package will come out when there is panic.  We shouldn’t even listen to what these politicians are saying today because they are incapable of facing the truth. 

Many countries in Europe are already bankrupt, such as Greece, Spain, Italy, and many others are on the way to bankruptcy such as France, the UK, etc..  In the short-term Europe will hold together.  Longer-term the EU will break up and the euro will disappear, but shorter-term it’s not going to happen.  

Celente - We are Looking at a Total Global Financial Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/10_Celente_-_We_are_Looking_at_a_Total_Global_Financial_Collapse.html

No links, just straight talk

Three years ago, when I started this blog, my macro thoughts and ideas on the economy and global finance were largely ignored and considered extreme (to the shiftless, my thoughts are still considered extreme).  Hence, my blog posts were long and esoteric to most.  As events have unfolded, and as my accompanying thoughts are no longer considered on the fringe, I have been able to cover more ground by merely providing links to articles--sometimes even from mainstream media outlets.

Having said that, most are still confused, so I will try to distill the main points to the best of my ability.

1) individuals, families, small businesses, local governments, states, the Federal government, and most developed countries still have huge debt problems which have not been addressed structurally, despite post-2008 "financial regulatory reforms".
2) emerging countries still enjoy rapid GDP growth, but clouds are lining up on the horizon for them too, as our interconnected global economy is USDollar-based, and the reserve currency is being debauched by a reckless Fed and corrupt politicians.
3) the deflation/inflation debate is over.  Inflation has won--and will win, perhaps morphing into something far worse than a deflationary contraction.  Hyperinflation can collapse sovereign nations overnight.
4) falling US home prices and stagnant wages do not indicate deflation.  Home prices are falling because real estate is largely purchased using credit.  The credit bubble has collapsed--therefore, assets normally purchased on credit (e.g. mortgages) will experience price declines due to lack of available credit.
5) on the other hand, consumable items are soaring in price due to the inflationary monetary policies of the Fed and US Treasury--they are printing currency out of thin air.
6) food and energy inflation is why the citizens are rioting in underdeveloped countries in the Middle East and Africa.  Sure, they are also protesting oppressive governments, but that alone is not why people take it to the streets.  They risk life and limb being in the line of fire because they cannot feed their families.
7) food accounts for approximately 10% of US household budgets.  In poor countries, 75% of their household budget may be allocated toward food.  When Americans see our food and energy bills rise 20%, we will complain to our neighbors.  When Egyptians see their food costs rise 20%, they are wiped out and starving.
8) the "it can't happen here syndrome" is a fallacy.  It has already happened here in the 1970's during the Iranian oil embargoes, when we had gas lines, and even/odd days rationing.  With rising energy prices, all sectors of our economy are adversely impacted, because our efficient supply-chain infrastructure relies on cheap oil.
9) lacking cheap energy sources, mild inflation can turn into high inflation overnight, irrespective of the Fed unwinding its easy monetary policies.  Unlike the early 80's, when former Fed Chairman Volcker derailed inflation by raising short-term interest rates to 21%, current Fed Chairman Bernanke will be unable to raise interest rates BECAUSE HE WOULD BANKRUPT THE UNITED STATES OVERNIGHT BY DOING SO.  Deficits and debt do matter, Mr. Chairman.
10) having said that, expect a stagnant economy (despite media cheerleading a recovery), high structural unemployment, rising inflation, more quantitative easing in attempts to stimulate the economy, and the continued deterioration of the USDollar.
11) speaking of inflation and unemployment, both measures are understated by official US government statistics, in order to soothe the naive and trusting masses.
12) the stagflation will be a precursor to the final collapse of the USDollar--probably when it is officially removed as the global reserve currency.  Hyperinflation will result, as will a drastic reduction in US consumer purchasing power--and a precipitous drop in our standard of living.

I will leave the reader to formulate their own investment thesis based on the aforementioned scenarios, but understand that central bankers and governments will do all they can to surreptitiously manipulate markets and obfuscate the fact that they are destroying their currencies, destabilizing sovereign economies, and impoverishing billions of the citizen-class.  They will feel the pressure to print more money to fill the gaping holes of insolvency, and they will justify it as stimulative and necessary bailouts.  They are correct short-term, but longer-term, they are ensuring the financial collapse of the world as we know it.

LA on the brink

http://www.guardian.co.uk/commentisfree/cifamerica/2010/feb/25/financial-crisis-useconomy

While the federal government has considerable wiggle room to borrow or simply increase the supply of money to help fight its way out of financial collapse, smaller government units in America don't have those options; increasingly cities, counties and states are facing the sorts of austerity measures we've come to associate with third world countries in crisis, or, in recent years, with vulnerable European nations such as Greece or Latvia.

The broader economy may be starting to show some signs of healing, but for those at the bottom of the economy, for those most reliant on government services in Los Angeles and the countless other cities teetering over financial abysses, 2010 looks more like a bona fide Depression year than one made beautiful by the myriad green shoots of recovery.

Bankers' last gasp

The collapse of our banking system is inevitable, according to Darryl Schoon.

http://www.drschoon.com/articles/DavosTheBombShelter.pdf

Two doomsday forecasts

One contemporary, and one from the 18th century.

Dr. Marc Faber:

"Of all the questions I have about the future, this is the easiest one to answer. Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline." Success makes us our own worst enemy.

18th century Scottish historian Alexander Fraser Tytler:

"The average life span of the world's greatest civilizations has been 200 years" progressing from "bondage to spiritual faith ... to great courage ... to liberty ... to abundance ... to selfishness ... to complacency ... to apathy ... to dependence and ... back into bondage!"