The global economy, and in particular, the American economy is in such a state of free-fall, it is difficult to know where to start when describing the overall devastation. Here is a small cross-section of the devastation which will precede some very major political, social and military events which will not doubt accompany the the economic collapse which is well underway.
The Dotcom Bubble
Who will forget “dotcom” bubble in which this investment has lost over half of a trillion dollars since mid 2015? Many have compared it to the housing bubble on 2008-09 in which the bottom fell out of the housing market.
In 2014, Yahoo was one of the top performing stocks. Today, it is down 37%.
Plunging Oil Prices
The low oil prices represent a financial risk which is equivalent with the housing bust. Most recently, experts are seeing the signs of another global financial meltdown which is nudging the global economies to a series of quantitative easing in a new round of forcing taxpayers to support bankers from their own mistakes through the private theft of public assets.
Plunging European Bank Stocks Are Devastating the Banks
Key bank stocks in Europe are trading at levels lower than in the depths of both the global financial crisis (2009) and the European sovereign debt crisis (2012).
Just one week before it wanted to release its financial results, it already issued a profit warning to the markets, and Deutsche Bank’s capitalization has lost in excess of 5B EUR since the profit warning, on top of seeing an additional 18B EUR set of devastating losses since last summer. Deutsche Bank’s trading is now less than 50% of the share price it was trading at in July of 2015. In short, the bottom is falling of the European banks and there is no end in sight to the carnage.
The Horrific State of America’s Energy Company Health
There is no shortage of places to hang your hat with regard to the dire straits that the American energy industry finds itself in.
From the Economic Collapse Blog:
“Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the United States, and at this point 50 percent of all energy junk bonds are “distressed” according to Standard & Poor’s. As you will see below, some of the big banks have a tremendous amount of loan exposure to the energy industry, and now they are bracing for big losses. And the longer the price of oil stays this low, the worse the carnage is going to get.”
And as it is the European banks, there is no end in sight to this financial massacre of America’s economic life-blood. Let’s not forget that the best measure of global economic health, the Baltic Dry Index, continues to plummet to all-time low of under 300.
Despite the fact that violent crime is soaring across America, the President is still moving in the direction gun confiscation.
Under Obama, we are witnessing the financial calamities:
The national debt is $19 trillion dollars The unfunded, yet mandated liabilities (e.g. Social Security, Medicare, etc) now total $230 trillion dollars and,
Of course the 800 pound gorilla in the room is the $1.5 quadrillion credit swap derivatives debt.
As one would expect, desperate economic times has led to a corresponding rise in violent crime. After all, people will do what is necessary in order to put food on the table.
In Los Angeles, violent crime overall increased by 20 percent. New York and Chicago are up by an equivalent amount.
The situation is so dire, that Los Angeles is so dire that the following warning was issued.
“The citizens need to know they need to be able to protect themselves because if they call 911, we can’t guarantee we’re going to get there in time to help you,”
Police Protective League President Jamie McBride.
It is not just Los Angeles, nearly every major city is having similar issues when it comes to violent crime. And the police are unable to protect the public. We are witnessing just the beginning of this downhill descent into societal chaos.
Yet, Obama wants to disarm America and he is preparing for societal meltdown and ultimately, martial law.
UWEX 16 is underway.
Yesterday, I unveiled UWEX 16 as I detailed how this is, in effect, Jade Helm 16. The series of drills is predicated on the notion that America is in absolute rebellion and at least a portion of the American military has come to the defense of the American people. UWEX 16 is about combating guerrilla insurgency.
In a related set of events, I also exposed the fact that Obama is attempting to dismantle the leadership of the submarine fleet and is even firing individual boat commanders. Why? Because Obama cannot gain access to the launch codes for the submarine nukes.
Many people do not realize that one of the major purposes to the nuclear submarine fleet, has to do with the fact that the fleet is one of America’s doomsday weapons. If America were to be overrun, through foreign invasion or through the antics of a compromised government, such as what America is suffering through now, their nuclear deterrent could change the course of history. One on hand, we find that Obama is preparing to take on “rogue” elements of the American military. On the other hand, I have determined that Obama is desperately trying to dismantle America’s last line of defense to his tyrannical takeover of this country, namely, the submarine fleet.
The Unmistakable Pattern
A global economic collapse is underway. There is no turning it back. Through military exercises such as UWEX 16, preparations are being made by this administration to prepare to fight a civil war, against the military forces that will not capitulate to Obama.
Finally, i would be remiss, if i did not report that it appears that FEMA is beta testing bank holiday announcements. In Friday, February 5, 2016, on KCOL, 600AM (Loveland, CO.), on the hourly news just prior to the commencement of Coast to Coast which they broadcast locally. The archives do not maintain the top of the hour news so there is no record. However, I have had three people contact me on this issue including one of my most trusted sources, Paul Martin.
Here is what the message said:
This is an announcement of the Federal Emergency Management Agency…. be advised that a banking holiday will be introduced on February 18 and 19…
I have no doubt that this announcement actually took place. However, I cannot guarantee that we should all take this warning at face value. What I think is more likely is that FEMA is beta testing the announcement in order gauge local reaction to the proclamation. All they have to do is to watch diminishing bank deposits and increased withdrawals during this time to determine how the public will react to such an announcement. I find it interesting the FEMA chose a smaller community such as Loveland, CO. to air this information instead of nearby Denver, 45 minutes to the south. This is why I believe that this is a calculated beta test.
Finally, are you prepared? Now would be a good time.
I am appearing on the Hagmann and Hagmann Report tonight at 8pm Eastern to discuss these issues.
Written by Dave Hodges
The Common Sense Show