Global Systemic Economic Collapse In 6 Minutes
Those that watched their stocks steadily increase in value for years are now seeing all of that “wealth” disappear at a staggering pace. The only way you actually make money in the stock market is if you get out in time, and many Americans are discovering that all or most of their gains have already been wiped out. At this point, the Dow Jones Industrial Average has dipped below where it was at the end of the 2013 calendar year. That means that nearly two years of gains have already been obliterated. On Friday, the Dow was down another 272 points, and it is now down more than 2200 points from the peak of the market back in May. For months, I have been detailing how things were setting up for this kind of financial crash in textbook fashion, and now events are playing out just as I warned. But this is just the beginning – what is coming next is going to shock the world.
We have already seen the 8th largest and 10th largest single day stock market crashes in all of U.S. history happen within the past few weeks. In fact, it was actually the very first time that we have ever seen the Dow fall by more than 500 points on consecutive trading days.
On August 25th, I warned that there would be some huge rebound days where we would see lots of “panic buying”, and on August 26th we witnessed the 3rd largest single day stock market increase in all of U.S. history.
Headlines all over America trumpeted the “fact” that the stock market had “recovered”, but the mainstream media failed to mention that the only two better days for the stock market were right in the middle of the stock market crash of 2008. There are going to be even more violent swings in the market in the weeks ahead, but the general direction will be down.
Friday was definitely another down day. The following is how Zero Hedge summarized the carnage…
I wish I could tell you that things are going to get better, but I can’t do that. There are some giant financial bubbles that are starting to unwind, and this process is going to take time to fully unfold.
And this is truly a global phenomenon. Chinese stocks have been crashing horribly, Japanese stocks just had their worst week in over a year, Canada and much of South America are plunging into recession, and Europe is probably in worse shape than everyone else if you look at the fundamentals.
Even though U.S. stocks have already fallen substantially, the truth is that they easily have much farther to fall. Yale economics professor Robert Shiller believes that we could actually soon see the Dow plunge all the way to 11,000…(source)
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And what many Americans do not know is that their findings were dramatically different than the conclusions reached by the government’s 9/11 Commission.
The CIA determined that bets against the stocks of American and United Airlines reached dramatically heightened levels in the days before Al-Qaeda operatives hijacked the three planes that would be used in the attacks on the Twin Towers and Pentagon.
The fourth plane was downed near Shanksville, Pennsylvania after passengers overtook the terrorists.
From their investigation, the CIA came to an important conclusion.
Using the financial markets, they could identify imminent threats to our national security from terrorists, rival nations, and from internal weaknesses lurking inside our economy.
This led to the launch of a sensitive operation called Project Prophecy. And its mission was clear.
Prevent another 9/11. And it may have done just that.
The system built from Project Prophecy proved its accuracy on August 7, 2006 when it detected the warning signs of an impending terrorist attack.
Three days later in London, a plot to blow up 10 U.S. passenger jets was thwarted. And 24 Pakistani extremists were arrested.
However, one of Project Prophecy’s architects is now warning that the next attack is about to strike us.
Only this time it is going to come from within.
Jim Rickards is a 3-decade veteran of Wall Street’s biggest investment firms and hedge funds. He also helped build the technology infrastructure known as “the brains” of the NASDAQ. And he is the CIA’s Financial Threat and Asymmetric Warfare Advisor.
In an exclusive interview with Money Morning, Rickards revealed that he and his team have detected a series of dangerous economic signals that predict a fast-approaching $100 trillion meltdown.
And they believe it will lead to an event more severe than the 1930s. A 25-year Great Depression.
Their estimated date for this catastrophe is. Making matters worse, they believe it is impossible to stop.
Editor’s Note: Money Morning has released their exclusive interview with Jim Rickards to the public. And it’s a must-see for every American who is concerned about our country and their financial security. Click here to view it.
“Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one,” Rickards said in the interview.
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“But all signs are now flashing bright red that our chickens are about to come home to roost.”
One of the warning signs Rickards revealed that the CIA is closely monitoring concerns the Misery Index.
Decades back it was created to determine how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.
However, the Federal Reserve has repeatedly changed the way it has been calculated over the years.
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