To hear the mainstream media and the administration things are going just swimmingly for the economy. Jobs creation is doing fine. Unemployment sitting at about 5% – that’s considered full employment. And the Fed is getting set to start raising interest rates for the first time in years. We must be doing ok, right? We’ll start with the US Government claim of around 5% unemployment. Most folks who follow this stuff at all know that that’s a misleading metric – just because they changed the way they arrive at that number years ago – and they remove those whose unemployment benefits have run out, skewing the statistic downward. Donald Trump’s claim of 42% unemployment, while technically accurate in some sense, is skewed upward. But John William’s Shadow Government Statistics that give us the most accurate take on the matter. And that rate stands at 22.9%.[i] So that’s kinda-sorta like some of the Great Depression numbers. Only it’s a little less visible, because instead of soup lines we have welfare and EBT cards to cushion the blow. So where is all this headed? Let’s look at what some of the historically most accurate analysts have to say about our unfolding future.
Michael Snyder points us to the plunging oil prices. We all love them when we fill up at the pump, but those lower “oil prices are exceedingly bad for the US economy as a whole. In recent years, the energy industry has been the primary engine for the creation of good jobs in this country, and now those firms are having to lay off people at a frightening pace.” Some experts see the price of crude falling to $32 a barrel – and Goldman Sachs believes they could hit $20 in the not too distant future. Snyder points out: “Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date. The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.” He sums up his warning with this. “The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s.”[ii]
Egon von Greyerz, a forecaster with an uncanny knack for accuracy – including predicting the Swiss National Bank debacle, describes it thus. “In the world economy and the financial markets today we have two worlds. We have the bubble world, which is dominated by the elite, the central bankers and the Western governments, and this is totally supported by the propaganda emanating from Western mainstream media…. The other world is the real world. In this world, private and government debt is growing exponentially. Just since 2008, global debt is up by 50 percent. Virtually every government is running a deficit and thus increasing their debts, and it’s the same for individuals.”[iii] With that much government debt it stands to reason that even a modest increase in interest rates will make it difficult for governments to even service their debts. [Think Greece.] If the US has a problem paying the interest on the debt is already holds, it will be very difficult to borrow more money – and major austerity may be in the cards.
Future trends forecaster extraordinaire also points to the bubbles as the danger points. “Look at the bubble they created. If there is a terror strike, they will use this as the excuse to rob us to try to mitigate the disaster that they have caused. I believe they will declare a bank holiday and devalue the currency. That’s the way they are going to get us out of this.”[iv] Celente goes on to explain it in his own inimitable and colorful way. “So, what you have is a bubble, a debt bubble that has grown to $220 trillion worldwide since this fake quantitative easing and negative interest rate schemes that have gone on with central bank after central bank. . . You can’t make this up. Interest rates and negative yields have never happened before in the world. This is brand new. They are over their heads and out of their league. They don’t know what they are doing. They are making panic decisions trying to keep the Ponzi alive. Unfortunately, when all else fails, they take us to war. Look, go back to 1929 and the market crash. You had market crashes, Great Depression, currency wars, trade wars, world war. Voila, here we are again. Panic of ‘08, Great Recession, currency wars world war. . . . When the market collapses, the war talk will heat up.”[v]
Remember, the Federal Reserve is likely to declare a rate hike this month. Here’s how the Market Oracle sees that. “Even a symbolic rate hike to 0.3% or 0.5% could trigger a complete implosion of the $9 trillion US Dollar carry trade.”[vi] And the government is taking this very seriously. Because it could bring with it some major civil unrest. The Treasury Department has been anticipating this since at least the end of last year when they purchased thousands of survival kits for bank employees.[vii] And several news sources report: “The Pentagon have admitted that they are concerned that widespread civil unrest will hit U.S. streets in the very near future.”[viii] Of course that’s nothing we don’t already know. But our source is not this world but the God who created it. “He who dwells in the secret place of the Most High Shall abide under the shadow of the Almighty.” (Psalm 91:1)
[i] John Williams, Alternate Unemployment Charts, ShadwoStats.com, December 4, 2015
[ii] Michael Snyder, Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?,
The Economic Collapse, December 7, 2015
[iii] Elite Domination Of The World And Their Plans To Send Global Markets Into A Full-Blown Panic,
King World News, December 6, 2015
[iv] Stefan Stanford, What Will Happen In 2016?, All News Pipeline, December 7, 2015
[v] Greg Hunter, War & Economic Calamity Coming, 2016 Predictions-Gerald Celente, USA Watchdog, December 6, 2015
[vi] Graham Summers, The Fed is About to Trigger a $9 Trillion Debt Implosion, Market Oracle, December 7, 2014
[vii] Susan Duclos, The Elites Have Been Preparing For This For Months!, December 8, 2015
[viii] The Pentagon Say They Are Preparing For Huge Civil Unrest In US, Your News Wire, December 6, 2015
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