3-4 Weeks-to-Prepare- No Food, Gold, Guns, Water? You Will Not Survive

SEE NEXT AND TELL ME IF YA THINK DIFFERENTLY?

http://www.thecommonsenseshow.com/2016/09/20/3-4-weeks-prepare-no-food-gold-guns-water-will-not-survive/

You Have 3-4 Weeks-to-Prepare- No Food, Gold, Guns, Water? You Will Not Survive

The BDI indicates that global shipping is running aground.
 
 
Here is a quick look at where we are. I want to stress that we are weeks away from this possibility.

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 into 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 out 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:

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“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.  …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 with 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 lows of under 300.
The end is already here. Nothing is moving internationally. The oil dip in prices demonstrates that, and the Baltic Dry Index indicates virtually nothing is shipping. Soon your food will not be shipped. Are you ready?
LET ME BE CLEAR, IF YOU DO NOT HAVE FOOD, WATER, MEDICINE, GUNS, AMMO, SEEDS, GOLD AND ALLIES, YOU WILL NOT SURVIVE WHAT IS COMING.

http://www.shtfplan.com/commodities/full-blown-banking-crisis-worlds-most-powerful-bank-signals-imminent-meltdown-in-china_09202016


“Full Blown Banking Crisis”: World’s Most Powerful Bank Signals Imminent Meltdown in China

Michael Snyder
September 20th, 2016


Bank of International Settlements, Image source: Wikipedia
This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: The long and short of it is that an unprecedented and historic line of credit was issued in order to stabilize and fuel recovery; but now the price on all that debt is coming due, but coming short. As the musical chairs play out, many people are left out in the rain, and huge sums of money are totaling over the edge into the abyss.
What is happening in China will not be contained. If the footprint of global investment isn’t wrecked by exposure by Western markets, then the pattern will soon draw us into the black hole. Tick, tick, tick. Are you ready for what comes after?
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent
by Michael Snyder
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars.  That is essentially equivalent to the commercial banking systems of the United States and Japan combined.  While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts.  The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm…

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A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.
The Bank for International Settlements warned in its quarterly report that China’s “credit to GDP gap” has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia’s speculative boom on 1997 or in the US subprime bubble before the Lehman crisis.
Studies of earlier banking crises around the world over the last sixty years suggest that any score above ten requires careful monitoring.

If you are not familiar with the Bank for International Settlements, just think of it as the capstone of the worldwide financial pyramid.  It wields enormous global power, and yet it is accountable to nobody.  The following is a summary of how the Bank for International Settlements works that comes from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

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An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.” 
The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

Normally the Bank for International Settlements is not prone to making extremely bold pronouncements, and so this warning about China seems a bit out of character.
Is something going on behind the scenes that we don’t know about?
Without a doubt, the global financial system is shakier and more vulnerable than most people would dare to imagine.  Global central banks have been on the greatest money creation spree in recorded history, and interest rates have been pushed to ridiculously low levels.
If you can believe it, approximately 10 trillion dollars worth of bonds are trading at negative interest rates right now.  This is completely and utterly irrational, and when this giant bond bubble finally explodes it is going to create a crisis unlike anything the world has ever seen before.
Just recently, Michael Pento of Pento Portfolio Strategies commented on this bubble…

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He said the current financial conditions are “the most dangerous markets i have ever witnessed in my entire life – and i’ve been investing for over 25 years… The membrane has been stretched so wide and so tight that its about to burst.”

Pento believes that once the bond crash happens, it will trigger a cataclysmic wave of crashes throughout the entire global financial system…

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Mr Pento has now warned that when policymakers signal they are set to stop buying, which will stop bond prices rising, there is going to be a devastating crash – not just in bond markets but across all investment assets.
He said: “When the bond market breaks, when that bubble bursts, it will wipe out every asset, everything will collapse together… I mean diamonds, sports cars, mutual funds, municipal bonds, fixed income, reits, collateralised loan obligations, stocks, bonds – even commodities – will collapse in tandem along with the bond bubble burst.”

Many had been anticipating that we would have already seen a major financial crash in 2016, but so far things have been pretty stable, and this has lulled many into a false sense of complacency.
But it is important to remember that we have seen corporate earnings fall for five quarters in a row, and it is expected to be six when the final numbers for the third quarter come in.
Never before in history have we had a stretch like this without major economic and financial consequences.  The following comes from a recent Fortune article which referred to an earlier piece authored by Jim Bianco…

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None of this, however, is apparent from how stock market indexes have been moving lately, which unlike the charts above have been going up and to the right. “Since 1947, every time profits fell this much, or for this long, a recession was either underway or about to begin,” writes Bianco. “The only exception was the middle of 1986 to early 1987.”
If you remember, there was a pretty important event that happened in 1987: A massive stock market crash that sapped close to 30% of the S&P 500’s value in just five days.

It is only a matter of time before this earnings recession takes a major bite out of Wall Street.
Stock prices can stay at irrationally high levels for quite a while, but history has shown that every bubble bursts eventually.
And when this bubble bursts, it is going to make 2008 look like a walk in the park.
This article was written by Michael Snyder and originally published at his Economic Collapse blog.