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Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

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Posted by Marc Faber via Nathan McDonald of Sprott Money

on Tuesday, 23 August 2016 05:48

a4c12c387eaa76165639b1825354e3b1Volatility is the name of the game. Stocks are acting up, but standing strong. Oil is propelling higher and the US dollar is falling. Turmoil around the world has never been higher and an ominous shadow is lurking in the background, ready to strike. 

The situation that we now face is ultimately going to end in a collapse of epic proportion. The financial world is now a ticking bomb that is just waiting to explode - I know this, you know this and even if the masses don't, they can feel it in their bones.

The only ones that don't seem to be aware of this dangerous situation are the elites who are currently profiting off of this heightened turmoil and their mainstream media mouthpieces who couldn't be more happy to assist in the destruction of the Western financial world. After all, it would make for a good story right?

Unfortunately, I am not alone in this assessment of the current global situation. Marc Faber, a prominent voice in the financial community and the editor the Gloom, Boom and Doom report has taken an ultra bearish view of the current economy.

....continue reading HERE

 



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Here's how the government is stealing more than ever before--

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Posted by Simon Black - Sovereign Man

on Friday, 12 August 2016 10:15

Civil forfeitureThe year was 1986.

Top Gun was the #1 movie in America.

Halley’s Comet was visible with the naked eye.

Microsoft went public, instantly making Bill Gates one of the wealthiest people in the world.

And the US government took in $93.7 million through a little known authority called “Civil Asset Forfeiture”.

As you’re likely aware, Civil Asset Forfeiture is a legal process that allows the government to seize assets from private citizens without any due process or judicial oversight.

People can be deprived of their private property without ever having been even charged with a crime, let alone never having actually committed one.

The horror stories of its abuse are endless.

People who have never done anything wrong have had their life’s savings, homes, and business assets confiscated without so much as a warrant.

This constitutes theft, plain and simple.

And like most government initiatives, it started small.

Again, the statistics from 1986 show $93.7 million worth of cash and property was seized by the government.

By 2014, that figure had grown 4,667% to a whopping $4.5 billion.



Read more...

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European Banking System on Verge of Collapse; Market Votes 'No Confidence' in Italian Bank Rescue

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Posted by Mike "Mish" Shedlock - Global Economic Trend Analysis

on Wednesday, 03 August 2016 06:31

European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one day before a stress test showed Monte dei Paschi would be insolvent in an adverse scenario.

The ECB’s stress tests published on Friday showed Monte dei Paschi has a huge capital shortfall, with the bank’s Common Equity Tier 1 (CET1) ratio of negative2.44 percent.

Forget the adverse scenario bit, Monte dei Paschi, Italy’s third largest bank and oldest bank in the world is insolvent in any realistic scenario.

Monte dei Paschi Down 16% Today

mdp-2016-08-02

 

....continue reading HERE



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Martin Armstrong: Throw Out the Fundamentals—Negative Rates Could Push the Dow Up to 40,000

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Posted by Martin Armstrong - Armstrong Economics

on Wednesday, 27 July 2016 07:21

martin-home-pageIn his most recent interview with Financial Sense, Armstrong covered a lot of ground, projecting a Trump win over Hillary, an eventual collapse of the euro, global monetary reform between 2018-2020, and, perhaps the most controversial, a “phase transition” in the stock market (like going from liquid to gas) as global capital escapes low or negatively yielding government bonds for corporate debt and equity.

....read more HERE



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The Terrifying $2 Quadrillion Monster Is Now Totally Out Of Control

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Posted by Egon von Greyerz via King World News

on Monday, 18 July 2016 12:02

KWN-Greyerz-II-7172016

With the price of gold and silver surging once again, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned that the terrifying $2 quadrillion monster is now totally out of control.

Egon von Greyerz:  “The central banks are leading the world into a black hole and have no idea what a disaster they have created. What initially seemed like a nice money spinner for the private bankers in 1913 when the Fed was created, has resulted in a $2 quadrillion (at least) monster that is now totally out of control…

...continue reading HERE

related:

Michael Campbell's commentary on The Dominant Driver of Capital World Wide



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