The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

What I am about to share with you is quite stunning. A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one. John Hussman is a former professor of economics and international finance at the University of Michigan, and the information in his latest weekly market comment is staggering. Since 1970, there have only been a handful of times when a combination of market signals that Hussman uses have indicated that a major market peak has been reached. In 1972, 2000 and 2007 each of those peaks was followed by a dramatic stock market crash. Now, for the first time since the last financial crisis, all four of those signals appeared once again during the week of July 17th. If Hussman’s analysis is correct, this could very well mean that the next great stock market crash in the United States is imminent. (Read More....)

It was an excellent article by Jim Quinn of the Burning Platform that first alerted me to Hussman’s latest warning. If you don’t follow Quinn’s work already, you should, because it is excellent.

When someone is repeatedly correct about the financial markets, we should all start paying attention. Back in late 2007, Hussman warned us about what was coming in 2008, but most people did not listen.

Now he is sounding the alarm again. According to Hussman, when there is a confluence of four key market indicators, that tells us that the market has peaked and is in danger of crashing. The following comes from Newsmax…

He cited the metric among the indicators that foreshadowed declines after peaks in 1972, 2000 and 2007:

*Less than 27 percent of investment advisers polled by Investors Intelligence who say they are bearish.

*Valuations measured by the Shiller price-to-earnings ratio are greater than 18 times.

“The most recent warning was the week ended July 17, 2015,” Hussman said. “It’s often said that they don’t ring a bell at the top, and that’s true in many cycles. But it’s interesting that the same ‘ding’ has been heard at the most extreme peaks among them.”

It is quite rare for the market to set a new record high on a weekly closing basis and have more than 40 percent of stocks below their 200-day moving averages at the same time. That is why a confluence of all these factors is fairly uncommon. Hussman elaborated on this in his recent report…

The remaining signals (record high on a weekly closing basis, fewer than 27% bears, Shiller P/E greater than 18, fewer than 60% of S&P 500 stocks above their 200-day average), are shown below. What’s interesting about these warnings is how closely they identified the precise market peak of each cycle. Internal divergences have to be fairly extensive for the S&P 500 to register a fresh overvalued, overbullish new high with more than 40% of its component stocks already falling – it’s evidently a rare indication of a last hurrah. The 1972 warning occurred on November 17, 1972, only 7 weeks and less than 4% from the final high before the market lost half its value. The 2000 warning occurred the week of March 24, 2000, marking the exact weekly high of that bull run. The 2007 instance spanned two consecutive weekly closing highs: October 5 and October 12. The final daily high of the S&P 500 was October 9 – right in between. The most recent warning was the week ended July 17, 2015.

The following is the chart that immediately followed the paragraph in his report that you just read…

It appears that Hussman’s signals are able to indicate major stock market crashes with stunning precision.

And considering the fact that we just hit a new “ding” for the first time since the last financial crisis, what Hussman is saying is more than just a little bit ominous.

According to Hussman this is not just a recent phenomenon either. Even though advisory sentiment figures were not available back in 1929, he believes that his indicators would have given a signal that a market crash was imminent in August of that year as well…

Though advisory sentiment figures aren’t available prior to the mid-1960’s, imputed data suggest that additional instances likely include the two consecutive weeks of August 19, 1929 and August 26, 1929. We can infer unfavorable market internals in that instance because we know that cumulative NYSE breadth was declining for months before the 1929 high. The week of the exact market peak would also be included except that stocks closed down that week after registering a final high on September 3, 1929. Another likely instance, based on imputed sentiment data, is the week of November 10, 1961, which was immediately followed by a market swoon into June 1962.

Of course the past is the past, and what has happened in the past will not necessarily happen in the future.

Other financial professionals are concerned that a market crash could be imminent as well. The following comes from a piece authored by Andrew Adams…

More than 13% of stocks on the New York Stock Exchange are at 52-week lows, which is about 6 standard deviations above the average over the last three years (1.62%) and an extreme only seen one other time during said period (last October when the S&P 500 was percentage points away from a 10% correction).

This dichotomy has created what I believe to be the biggest question about the stock market right now – have we already experienced a stealth correction in the majority of stocks that will soon come to an end or will the market leaders finally succumb to the weight of the laggards and join in on the sell-off? The answer to this could end up being worth at least $2.2 trillion, which is how much money would essentially be wiped out of the stock market if we finally get the much-discussed 10% correction in the overall market (the total U.S. stock market capitalization was $22.5 trillion as of June 30, according to the Center for Research in Security Prices).

Sometimes, a picture is worth more than a thousand words. I could share many more quotes from the “experts” about why they are concerned about a potential stock market collapse, but instead I want to share with you a “bonus chart” that Zero Hedge posted on Tuesday…

Now, we are witnessing a similar divergence. If a similar pattern holds up this time, stocks have a long, long way to fall.

Like Hussman and so many others, I believe that a stock market crash and a new financial crisis are imminent.

The month of August is usually a slow month in the financial world, so hopefully we can get through it without too much chaos. But once we roll into the months of September and October we will officially be in “the danger zone”.

Keep an eye on China, keep an eye on Europe, and keep listening for serious trouble at “too big to fail” banks all over the planet.

The next several months are going to be extremely significant, and we all need to be getting ready while we still can.

The South American Financial Crisis Of 2015

Most nations in South America are either already experiencing an economic recession or are right on the verge of one. In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar. During the boom times in South America, governments and businesses loaded up on tremendous amounts of debt. Since much of that debt was denominated in U.S. dollars, South American borrowers are now finding that it takes much more of their own local currencies to service and pay back those debts. At the same time, there is much less demand for commodities being produced by South American nations in the international marketplace. As a result, South America is heading into a full-blown financial crisis which will cause years of pain for the entire continent. (Read More....)

Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash

Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I write this article, it has fallen to 7. The financial turmoil which began last week is threatening to turn into an avalanche. On Sunday night, we witnessed the second largest one day stock market collapse in China ever, and this pushed stocks all over the planet into the red. Meanwhile, the twin blades of an emerging market currency crisis and a commodity price crash are chewing up economies that are dependent on the export of natural resources all over the globe. For a long time, I have been warning about what would happen in the second half of 2015, and now it is here. The following is a summary of the financial carnage that we have seen over the past 24 hours… (Read More....)

The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week

Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is happening. Last week, the Dow Jones Industrial Average fell by more than 530 points. It was the biggest one week decline that we have seen so far in 2015, and some are suggesting that this could only be just the beginning. By just about any measurement that you might want to use, the stock market is overvalued. But we have been in this bubble for so long that many people have come to believe that this is “the new normal”. In fact, earlier today someone that I know dropped me a line and suggested that our financial overlords may be able to use the tools at their disposal to get this current bubble to persist indefinitely. Unfortunately, the truth is that no financial bubble ever lasts forever, and right now some very alarming things are starting to happen behind the scenes. Over the past couple of weeks, the smart money has been dumping stocks like crazy, and the lack of liquidity in the bond markets is beginning to become acute. Could it be possible that another great financial crisis is just around the corner? (Read More....)

Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here

If you are looking for a “canary in a coal mine” type of warning for the entire global economy, you have a whole bunch to pick from right now. “Dr. Copper” just hit a six year low, Morgan Stanley is warning that this could be the worst oil price crash in 45 years, the Chinese economy is suddenly stalling out, and world trade is falling at the fastest pace that we have seen since the last financial crisis. In order not to see all of the signs that are pointing toward a global economic slowdown, you would have to be willingly blind. In recent months, I have been writing article after article detailing how the exact same patterns that happened just before the stock market crash of 2008 are playing out once again. We are watching a slow-motion train wreck unfold right before our eyes, and things are only going to get worse from here. (Read More....)

Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?

If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now. On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months. When global economic activity slows down, demand for raw materials sinks and prices drop. So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next. And what they are telling us right now is that we are rapidly approaching a global economic meltdown. (Read More....)

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession

Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets. And without a doubt, one is coming very shortly, but let us not neglect the long-term economic collapse that is already happening all around us. In this article, I am going to share with you a bunch of charts and statistics that show that economic conditions are already substantially worse than they were during the last financial crisis in a whole bunch of different ways. Unfortunately, in our 48 hour news cycle world, a slow and steady decline does not produce many “sexy headlines”. Those of us that are news junkies (myself included) are always looking for things that will shock us. But if you stand back and take a broader view of things, what has been happening to the U.S. economy truly is quite shocking. The following are 12 ways that the U.S. economy is already in worse shape than it was during the depths of the last recession… (Read More....)

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books. That breaks down to about $28,000 of debt for every man, woman and child on the entire planet. And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid. The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself. (Read More....)

Debt Slaves: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’

Could you live without debt? Most Americans say that they cannot. According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is a necessity in their lives”, and approximately 8 out of every 10 Americans actually have debt right now. Most of us like to think that “someday” we will get out of the hole and quit being debt slaves, but very few of us ever actually accomplish this. That is because the entire system is designed to trap us in debt before we even get out into the “real world” and keep us in debt until we die. Sadly, most Americans don’t even realize what is being done to them. (Read More...)

If The American Dream Is To Own A Home, Then It Hasn’t Been In Worse Shape Since 1967

Thanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years. The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent. It is now the lowest that it has been since 1967. Unlike a lot of other government economic statistics, this one is fairly difficult to manipulate. Either someone owns a home or they do not. And what the homeownership rate is telling us is that the percentage of Americans that can qualify for a mortgage has been falling dramatically. Just take a look at the following chart. This is not just a decline – this is a complete and utter collapse… (Read More...)

The Economic And Financial Problems In Europe Are Only Just Beginning…

Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far. So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown. European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States. In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate. Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe. It is just a matter of time. (Read More...)

The Persecution Of Christians Is Intensifying As Anti-Christian Hatred Sweeps The Entire World

There is very little that the entire world seems to agree upon, but there is one very frightening trend that is now taking hold literally all over the globe. A passionate hatred of Christianity is sweeping across the planet, and very few global leaders have been willing to step forward and speak out against this rising persecution of Christians. In many parts of the Middle East, Africa and Asia, believers are being relentlessly attacked by extremists, churches are being destroyed, and laws are being passed to try to prevent the spread of the Christian faith. In some areas, the violence has become so extreme that Christians knowingly risk their own lives just to go to church services each week. Would you risk your life to go to church? In North America and Europe, the persecution is often more subtle. Even though violent attacks are still fairly rare, Christian beliefs are being undermined by new laws, comedians and television shows regularly mock the Christian faith, and many employers will immediately mentally disqualify a potential candidate for a job if they discover that an individual is a Bible-believing Christian. Sadly, this is just the beginning. In the years ahead, those that choose to be followers of Jesus Christ will face even greater persecution than we have seen already. (Read More...)

11 Signs That America Has Already Gone Down The Toilet

Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far this nation has fallen. There are times when I will be having a conversation with someone else about the state of our country, and the other person will say something like this: “Wow – America is really going down the toilet.” At one time, I would have totally agreed with that. But at this point I would have to say that we have already circled the bowl and have made it all the way through to the other end. Our society is absolutely addicted to entertainment (most of which is utter trash), tens of millions of us are hooked on drugs (both legal and illegal), and we have murdered more than 56 million of our own babies. Our financial system is consumed with greed, we treat our military veterans like human garbage, and most of our “leaders” in Washington D.C. are deeply corrupt. In America today, 64 percent of all men view pornography at least once per month, it is estimated that one out of every four girls is sexually abused before they become adults, and we have the highest teenage pregnancy rate in the entire industrialized world. We like to think that we are an “example” to the rest of the world, but the only example that we are setting is a bad one. The following are 11 signs that America has already gone down the toilet… (Read More...)

#1 All over the United States, the body parts of aborted babies are being bought and sold, and the U.S. government gives the organization at the heart of this sick “industry” hundreds of millions of dollars a year. This week, another incredibly shocking undercover video has been released which has given us even more evidence of what Planned Parenthood is really up to…

The most recent video shows a luncheon conversation with Dr. Mary Gatter, who currently serves as president of Planned Parenthood’s Medical Directors’ Council and Medical Director of Planned Parenthood’s Pasadena abortion clinic.

In the video, Gatter is heard haggling over the price she will charge for intact fetal body parts and is concerned that she will be “low-balled.” She asks for at least $75 per specimen, but wants to see what other Planned Parenthood abortionists are getting to make sure she gets similar compensation so she can buy an expensive sports car.

“It’s been years since I’ve talked about compensation, so let me just figure out what others are getting and if this is in the ballpark, that’s fine. If it’s still low, we can bump it up. I want a Lamborghini,” Gatter laughed.

This is wickedness at a level that is almost unspeakable, and it is being bankrolled by the U.S. government.

Let’s hope that “I want a Lamborghini” gets plastered all over the Internet hundreds of millions of times. I encourage everyone to get on Facebook and Twitter and start blasting out messages like this one to everyone that they know…

If we cannot even stop the U.S. government from funding this kind of evil, what possible hope is there for the future of this nation?

According to WND, some members of this “industry” even receive monetary bonuses “based on the baby parts they harvest”…

StemExpress, which is run by Planned Parenthood abortion doctor Ronald Berman, offers its procurement technicians bonuses based on the baby parts they harvest, according to the Center for Medical Progress. Larger bonuses are offered for more valuable body parts, classified as “Category A” parts, while smaller bonuses are given for “Category C” parts.

This alone is enough to prove that America has gone all the way down the toilet. But I will continue with the list…

A hacking insider has told Sky News he thinks the people threatening to release personal details of users of an adultery website are bluffing and using the publicity as advertising to sell the data to the highest bidder.

Hackers calling themselves Impact Team have stolen and leaked data from some of the Ashley Madison website’s 37 million users and are threatening to publish more.

For now the group has released just 40MB of data, including some credit card details and several documents about its parent company Avid Life Media (ALM), it is reported.

Rather, the big story is the fact that 37 million of us have signed up to participate on a website that facilitates adultery.

#3 Rates of violent crime are increasing by double digit percentages in many major U.S. cities in 2015, and some of the crimes being committed are almost too horrible to talk about. Just consider the following example which comes from the Daily Mail…

A 22-year-old man and his 21-year-old girlfriend were walking along McNichols Road near Birwood Street on Thursday around 11:30pm when a group of three to six men approached them in the well-lit area, WWJ reported.

The couple was allegedly forced behind a nearby business, where the six men robbed and stripped them of their clothes.

Police say the violent men took turns sexually assaulting the woman and when the attack ended, the victims ran nude to a nearby liquor store for help.

Another couple was attacked just a few hours later at 2:40am when a 21-year-old man and his 19-year-old girlfriend were walking in the area of McNichols Road and Pierson Street.

Four men ordered them to the ground and then took took turns sexually assaulting the woman, forcing her boyfriend to watch, WWJ reported.

Incredibly, these gang rapes barely made a blip on the news here in the United States. There are so many similar crimes taking place all around us that there is nothing really “unusual” about these horrific rapes.

#4 Under the Obama administration, our federal government has become absolutely obsessed with political correctness and is spending money in some of the most bizarre ways imaginable. For instance, the feds recently spent $125,000 “to study adjectives that could be perceived as sexist or racist“.

#5 Speaking of pouring money down the toilet, the Obamaphone program is a perfect example. It turns out that all you have to do to get a free cellphone from the federal government is to show them someone else’s food stamp card…

The 2014 CBS4 investigation showed repeated instances of fraudulent activity and waste in the Lifeline program in Denver. It’s an FCC administered program designed to provide free monthly cellphone service to the needy so they can have cellphone service allowing them to seek employment or call for emergency help if needed. Recipients are required to show official documentation like Medicaid, housing assistance or food stamp cards verifying their low income status in order to receive the free phone service.

But last year a vendor in Denver working under the FCC program had employees who volunteered to use someone else’s food stamp card to secure a free phone and service for a CBS4 producer who was not eligible for the program.

Vendors typically receive $3 for every phone they are able to give out. In other cases, vendors said a CBS4 producer could simply show someone else’s electronics benefit card in order to secure a free phone and service.

#6 Meanwhile, the government doesn’t even want to talk to normal, hard working citizens that just need a few questions answered. According to a report that was just released, the IRS hung up on 8.8 million taxpayers that called in looking for help during this most recent tax season.

#7 The federal government has made it exceedingly difficult for law-abiding people to immigrate to this nation legally, but meanwhile they have left our borders completely wide open and have actively encouraged people to immigrate illegally. As a result, large numbers of criminals, drug dealers, gang members and welfare parasites have come pouring in. According to one recent report, 2.5 million illegal immigrants have entered this country while Barack Obama has been in the White House…

A new report estimates that 2.5 million illegal immigrants have entered the United States since Barack Obama took office in 2009.

The Center for Immigration Studies released a study Monday citing data from the Center for Migration Studies, Pew Research Center and the Census Bureau that indicates 400,000 illegal immigrants on average have entered the country annually since 2009.

From the middle of 2013 to May 2015 alone, 790,000 illegals have come into the United States. These undocumented individuals entered the country after President Obama unveiled a controversial executive order in 2012 to stop deporting young illegal immigrants who entered the country as children.

And honestly, that 2.5 million number is probably on the low side. These illegal immigrants are committing some of the most horrible crimes imaginable, and if you doubt this, just read this article.

#8 Our society is being transformed into what I like to call “a Big Brother police state control grid”. Just a few days ago, we learned of another example of this phenomenon. The following comes from the New York Post…

A key part of President Obama’s legacy will be the fed’s unprecedented collection of sensitive data on Americans by race. The government is prying into our most personal information at the most local levels, all for the purpose of “racial and economic justice.”

Unbeknown to most Americans, Obama’s racial bean counters are furiously mining data on their health, home loans, credit cards, places of work, neighborhoods, even how their kids are disciplined in school — all to document “inequalities” between minorities and whites.

What is truly sad is that so few Americans are actually upset that virtually everything we do is being watched, tracked and monitored. For much more on all of this, please see this article.

#9 Just recently, I authored a piece which railed about the fact that the average American citizen spends more than 10 hours a day plugged in to some form of media. Many of us become extremely anxious if something is not playing at least in the background. We spend endless hours watching television, listening to the radio, going to the movies, playing video games, messing with our smartphones and surfing the Internet. Sadly, what most people don’t realize is that more than 90 percent of the “programming” that is being continually pumped into our brains through these various media outlets is controlled by just six absolutely enormous media corporations.

#10 At the same time that the elite are endlessly pumping their twisted messages into all of our minds, they are becoming increasingly obsessed with controlling what the rest of us say. In one recent article, I explained how support for “hate speech laws” in America is rapidly growing. Today, 51 percent of all Democrats support these kinds of laws, and it is only a matter of time before liberal politicians start pushing really hard for the same kind of hate speech laws that have already been implemented in Europe and Canada.

#11 On top of everything else, we have been stealing more than 100 million dollars an hour from future generations of Americans since Barack Obama entered the White House.

If someone were to write a movie script about the theft of 100 million dollars from a major financial institution, nobody would ever actually want to make that movie because such an amount would be too hard to believe.

But this has actually been happening every single hour of every single day while Obama has been in power.

In a frenzy of insatiable greed, we have been taking trillions of dollars that belong to our children and our grandchildren and spending it ourselves. When you break it down, it comes to more than 100 million dollars every single hour of every single day. This is a crime of unimaginable proportions, and if we lived in a just society a whole bunch of our “top politicians” would be going to prison for this.