By Gary Christenson -Re-Blogged From Gold Eagle
Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion.
His sequence:
By Bill Hoffmann – Re-Blogged From Newsmax Health
If you’ve been feeling down and out more than usual, cheer up, you are not alone.
A new report compiled by insurance giant Blue Cross Blue Shield (BCBS) says major depression diagnoses surged in the United States from 2013 through 2016, especially among adolescents and millennials.
And the study, which was based on medical claims filed to Blue Cross Blue Shield by 41 million customers, also links major depression to health issues such as other chronic conditions and substance abuse.
By David Chapman – Re-Blogged From http://www.Silver-Phoenix500.com
“I don’t believe we will see another financial crisis in our lifetime.”
Oh, Janet. We hope you are right. One should never say never—that has a nasty habit of coming back to bite you.
Texas and Houston are currently going through their crash. No, not a stock market crash but a hurricane and flooding crash. Hurricane Harvey has been called a “once in 500 years’ event.” Except in the past twelve years, we have also had Hurricane Katrina and Sandy. They were called “once in 100 years events.” The 400-year difference seems moot. It is becoming a little flippant to call them “once in a lifetime” events when three “lifetime” events have occurred in twelve short years. Yet, for all of them the experts did not see the devastation that was coming.
By Brian Maher – Re-Blogged From The Daily Reckoning
The year is 1921…
America is less than three years removed from triumph on the Western Front. It’s the dawn of the Roaring Twenties… and the Jazz Age.
Warren Gamaliel Harding is America’s czar.
And the nation is sunk in depression…
U.S. industrial production plunged 31% between 1920 and 1921. Stock prices plummeted 46%… and corporate profits a crushing 92%.
Unemployment ran as high as 19%. Storefronts everywhere gaped empty.
By David Chapman – Re-Blogged From http://www.Gold-Eagle.com
Every time we pick up some article on the stock market of late, all we read is the stock market is on the verge of a devastating wipeout, or that the next collapse is just around the corner. One of the best headlines we saw recently was from a famed market guru with a headline of “2017 Is Going to Be Worse than the Great Depression!” It is enough to make you run home, pour a long hot bath, slit your wrists, and climb in to the tub.
Okay, maybe that is extreme. Naturally, there are many reasons writers give to back up their case. Those range from the election of Donald Trump, Brexit, rising interest rates in the US, and of course the best one—that the bull market is now into its ninth year from the major low of March 2009 without a correction exceeding 20% and is in the mother of all bubbles. All of that is true. But none of that makes for a final top just because the stock market has been rising for eight years plus.
By Joe Scudder – Re-Blogged From Eagle Rising
Due to desperation caused by starvation, there are now Venezuelan vigilante mobs lynching accused thieves.
The story was published today at Yahoo News, but here’s another story about Venezuelan vigilante mobs posted by a French news program eight months ago.
By John Williams – Re-Blogged From http://www.ShadowStats.com
Counting All Discouraged/Displaced Workers, May 2016 Unemployment Rose to About 23.0%. Discussed frequently in the regular ShadowStats Commentaries on monthly unemployment conditions, what removes headline-unemployment reporting from common experience and broad, underlying economic reality, simply is definitional. To be counted among the U.S. government’s headline unemployed (U.3), an individual has to have looked actively for work within the four weeks prior to the unemployment survey conducted for the Bureau of Labor Statistic (BLS). If the active search for work was in the last year, but not in the last four weeks, the individual is considered a “discouraged worker” by the BLS, and not counted in the headline labor force.
ShadowStats defines that group as “short-term discouraged workers,” as opposed to those who, after one year, no longer are counted as “discouraged” by the government. Instead, they enter the realm of “long– term discouraged workers,” those displaced by extraordinary economic conditions, including regional/local businesses activity affected negatively by trade agreements or by other factors shifting U.S. productive assets offshore, as defined and counted by ShadowStats (see the extended comments in the ShadowStats Alternate Unemployment Measure).
