Over 75 years ago Wall Street Crashed; but today the New Crash is already underway...

SouthAmerica · Jun 13, 2012

June 13, 2012

SouthAmerica: Here is what I wrote on December 12, 2001:

The Euro, Now
http://www.elitetrader.com/vb/showthread.php?s=&postid=756042&highlight=gold+US$+295+per#post756042

...December 12, 2001

...Probably today, there is an oversupply of US dollars outside of the United States. Gold at US$ 295/oz might be undervalued when compared to the US dollar.

At US$ 295/oz gold provides about 15 percent of official world monetary liquidity. Central banks hold only one-third of the above ground gold supply available. Gold is the second largest component of international monetary reserves after the US dollar.

Gold and the euro will became increasingly important parts of the international monetary reserve system and their gains will be at the expense of the US dollar.

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Today, I still think that gold will continue to go up in value against the US dollar.

Capital Account â June 7, 2012

Mike Maloney on Gold's Checkmate and Ben Bernanke's role as the Pawn!

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SouthAmerica · Jun 22, 2012

June 22, 2012

SouthAmerica: The imploding global economy....

Capital Account â June 22, 2012

Gerald Celente on Old-Man Europe, Romney & Sons, and a Golden Summer

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Jim Rogers - NDTV Interview

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Jim Rogers: Ben Bernanke is Never Right â June 20, 2012

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bgp · Jun 22, 2012

thank you for the video .

bp

SouthAmerica · Jun 23, 2012

June 23, 2012

SouthAmerica: Banks such as "Goldman Sachs the Pillage People" and JP Morgan are insolvent...It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold.

Max Keiser: Banks Are Dead! - June 22, 2012

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Moody's has slashed the ratings of fifteen of the biggest banks in Europe and the U.S. in the latest slap in the face to the ailing financial sector. Those hit include Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Deutsche Bank - financial powerhouses domestically and internationally. The move could make it more expensive for the banks to attract funds. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more analysis RT talks to RT's financial guru Max Keiser, who joins us from the International Economic Forum in St. Petersburg..

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SouthAmerica · Jun 23, 2012

June 23, 2012

SouthAmerica: The global banking Ponzi scheme is ready to explode at any time resulting in the biggest international monetary meltdown the world has ever seen...

On the Edge with Max Keiser: Euro collapse& US economy â June 22, 2012

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In this edition of the show Max interviews Greg Hunter from USAWatchdog.com. He talks about the European debt crisis and the impact of Euro collapse on US economy.

Greg is the producer and creator of Greg Hunter's USAWatchdog.com. The site's slogan is "analyzing the news to give you a clear picture of what's really going on." The site will keep an eye on the government, your financial interests and cut through the media spin.

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Keiser Report: Feta Cheese Trap â June 23, 2012

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In this episode, Max Keiser and co-host, Stacy Herbert, discuss smashed watermelon and dead rat collateral and the fraud flow of a less than zero balance sheet.

In the second half of the show Max talks to economist, Constantin Gurdgiev, about intergalactic bailout bonds to the rescue and other crazy ideas to solve the global debt catastrophe and the significance of the gold collateral to Germany's idea of a European Redemption Fund.

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Former Assistant Treasury Secretary Paul Craig Roberts Explains US Govt Rigging of Gold Prices

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Assistant Treasury Secretary Paul Craig Roberts Explains US Government Rigging of Gold Prices and Gold Price Suppression Schemes

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SouthAmerica · Jul 23, 2012

July 23, 2012

SouthAmerica: I don't understand why people are surprised that we are sinking into the second leg of a Great Depression?

I have been writing about this subject for many years - and the downward spiral continues month after month despite massive government intervention everywhere.

Today, the markets went down in Asia, and got more downward speed in Europe, and in another 5 minutes the shit will start hitting the fan in the stock market here in the old USA.

Enjoy the ride!!!!!

bgp · Jul 23, 2012

I WILL .

bp

SouthAmerica · Aug 15, 2012

August 15, 2012

SouthAmerica: Here is another new book about the "Great Depression" that is underway:

Capital Account â August 15, 2012

Richard Duncan on Riding out this Depression on a Deflationary Debt Raft!

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Welcome to Capital Account. As the economic crisis unfolds, and we see evidence of 'crony-capitalism' and 'corportasim', we wonder if capitalism even still exists. Our guest, Richard Duncan, believes we live in a system he calls 'creditism.' He has flown half-way around the world from Thailand, to explain to us why he fears civilization could not survive a true crisis of 'creditism'.

Also, billionaires George Soros and John Paulson have increased their holdings of the largest gold-backed exchange-traded fund, according to an SEC filing yesterday. We talk to Richard Duncan, Chief Economist for Blackhorse Asset Management, about the future of gold as a monetary metal and how the abandonment of the gold standard has fostered a boom in credit and debt that may not longer be sustainable. The choice could be one of devastating inflationary fires, or freezing deflationary ice!

And as the US continues to run trillion-dollar-plus budget deficits, the question remains how long can this continue? While China has slowly unloaded US debt, Japan has stepped in as a creditor. We discuss this with Richard Duncan, author of "The New Great Depression, The Breakdown of the Paper Money Economy."

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SouthAmerica · Aug 15, 2012

August 15, 2012

SouthAmerica: The global economic and financial collapse is closer than most people has realized.....

Keiser Report: Jamieville, Crookland â August 14, 2012

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In this episode, Max Keiser and Stacy Herbert discuss Jamie-villes in Ohio, suicide dummies in Vegas and truckloads of evidence piling up outside the Justice Department and yet no fraud can be spotted.

In the second half of the show, Max Keiser talks to John Aziz of Azizonomics.com about rehypothecation and deal flow in the City of London, the Cantillon effect and the cram down.

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Max Keiser: We're in A Financial Holocaust! - August 13, 2012

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On the Sunday, August 12 edition of Infowars Live, Alex hosts Max Keiser discussing the ravaged state of the U.S. economy and fragility of markets as published in a recent Fox News article The Coming Economic Collapse.

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SouthAmerica · Aug 18, 2012

Quote from SouthAmerica:

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âOver 75 years ago Wall Street Crashed; but today the New Crash is already underwayâ¦.â

February 7, 2008

SouthAmerica: I wrote about this subject on various articles in the last few years, but as we approach very quickly the beginning of the New Great Depression it is worth to review some relevant information.

This it is just a reminder to give people a chance to prepare for the coming hard times.

Over seventy-five years ago, we had a market collapse in Wall Street. The market started collapsing on Black Thursday, October 24, and again on Black Tuesday, October 29, 1929. The "Great Depression" followed.

Based on past history, we are away overdue for another worldwide depression. A George W. Bush election on next Tuesday will guarantee the start of the new worldwide depression. The Republicans are very good at starting a "Great Depression." You can count on them. Following I am quoting part of an article that I wrote at the end of 2002, In that article I mentioned that the USA had to start a war (any war) in an attempt to delay the start of the coming "New Great Depression."

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I am quoting from one of my articles (the original article was 9 pages long) published in January 2003: "Getting Ready for War"

â¦Few years ago many economists claimed that they had tamed the economic cycle, and that deep recessions and depressions were things of the past. When I read articles about that, I thought they were completely wrong.

The truth is the world is overdue for a new economic depression. Historically we had a depression in the world once every 55 to 60 years. The last world depression was over 60 years ago. A Russian economist, Nikolai Kondratieff, published a study in 1926 showing that a very long-term economic cycle existed. His major premise was that capitalist economies had a pattern of long wave cycles of boom and bust. The bust cycle repeated itself approximately every 60 years. If you had read Kondratieff's paper in 1926, you would have known that an economic depression was around the corner.

Kondratieff identified four distinct phases the economy goes through during each cycle: 1) Inflationary growth, 2) Stagflation, 3) Deflationary growth, and finally 4) Depression-falling prices, falling stock prices, falling profits, debt collapse.

As the stock market is collapsing, a number of corporate scandals emerge such as Enron, WorldCom, Global Crossing, Adelphia Communications, Arthur Anderson and many others. As the debt load reaches new highs in the economy, the result is a record-breaking number of personal and corporate bankruptcies, as is the case in the US today.

â¦In the past, a major war was the way out of an economic depression. Maybe that solution will be used by the US one more time to restart its economy - a major war contributes to ending the depression phase, and leads the economy to the first phase of the cycle once again. The big war has to be started somewhere even in Iraq.

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I wrote the following on October 29, 2004:

â¦ Many economists still are debating today about the causes of the "Great Depression."

Quoting from article published on the "Financial Times of London" Oct 22, 2004:

"â¦Most scholarship has focused on the broad causes, with less study of what was the most important feature to anyone living through the crash: the juddering of prices up and down, sheer confusion and risk.

â¦Mainstream economists are not much closer now to understanding volatility in markets than they were 75 years ago."

â¦ Usually Americans make programs for television to commemorate any minor event that people can imagine.

But today is the 75 birthday of the stock market crash of 1929, and there is very little mention of that event in any program on American television.

The American media are aware of the precarious situation of the entire American economic system, but nobody knows what will trigger the collapse of the house of cards.

Just to be in the safe side the American media is not saying much about the stock market crash of 1929.

â¦ One of the triggers of the stock market collapse of 1929 was margin call on stock purchased on credit. (In 1929 people could buy a lot of stock on credit with a small amount of cash.)

Margin calls it was a major problem in the stock market crash of 1929.

Today, the equivalent to margin calls in 1929 is "Derivatives." The Derivatives market today, it is estimated to be over 100 trillion US dollars.

This time around, "Derivatives" will be the trigger to a massive stock market collapse.

Any way, today we are away overdue for a new stock market crash, and worldwide depression.

Here it is a current example of things to come; The Big Meltdown!!!!!!!!!!

â¦ Here is why the coming depression is a sure bet. I like to quote some information from one of my published book as follows:

(Quoting from pg. 21)

"Unrealistic Expectations.

There is much evidence that human expectations tend to be linear. Most of the time, most people expect current conditions to continue for the indefinite future. It is almost an unnatural act for a man to leave home with an umbrella on a sunny day. Call it optimism, faith in the future, or just reluctance to see the party end, there is a presumption that the environment is stable. This is why cities are built on floodplains and fault lines. A similar presumption makes the gambler double his bet or the farmer plant additional crops on reclaimed land the year after a good harvest.

Whenever prosperity exists, it is natural for people to expect prosperity to continue. For this reason, much of the history of human society is a record of astonishment. Time and again, people have marginalized their affairs, rendering themselves increasingly crisis-prone.

They have gone into debt, extending claims on resources to an extreme that could be supported only if current conditions were sustained uninterrupted into the future. Time and again these hopes have been disappointed. Whenever prosperity has seemed permanent, some apparently minute change could produce astonishingly large nonlinear shifts in the organization of human society. The failure to recognize or anticipate these nonlinear transformations has been a common characteristic of almost all societies.

â¦When the dynamic and nonlinear world adjusts itself to the linear thinking used daily by governments and other institutions such as corporations, banks, insurance companies, the church, and so on, the result can be sometimes catastrophic and can translate into unemployment, inflation, monetary devaluations, market crashes, world wars, civil wars, depressions, and even chaos.

â¦Change is a fact of life, yet many people don't want to think about it because they feel threatened by it. So when change comes, it takes them by surprise. By then they can only react to it, and unless they're lucky, they suffer losses."

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The United States had a Republican president, and the Republicans had a majority in the House of Representatives, and in the Senate during the years 2001 to 2006.

Here we go again history repeats itself.

Just a reminder!!!!!!!!!!

The United States had a Republican president, and the Republicans had a majority in the House of Representatives, and in the Senate during the years 1921 to 1930. We all know the result of the Republican policies during that period: "The Depression of the 1930's."

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More...

August 18, 2012

SouthAmerica: The media is waking up finally. I have been writing about this subject for many years.

Capital Account â August 17, 2012
Is the Global Economy facing a Kondratieff Winter in the midst of Summer?

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Start watching the broadcast at 12 min. - Max Keiser is talking about a complete breakdown of the entire US economic, financial and social system - and the entire system is collapsing.....He is saying that the US is sinking into a civil war.

Alex Jones w/guest Max Keiser: The Raping of A Country! - August 17, 2012

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On the Friday, August 17 edition of the Alex Jones Show, Alex welcomes economist, journalist and American broadcaster Max Keiser to discuss the warning signs of an impending economic collapse, the effect this will have globally and solutions that would bring us back from certain financial doom.

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The Chinese stopped buying US government securities and China also is saying that the US financial system is completely corrupt, and they are leaving the US stock market.

Mark Faber also is saying how corrupt the US stock market has become to the point that it is time to leave town.

Mark Faber: Survive Economic Calamity in 2013 â August 17, 2012

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Here is an example of what is in store for the United States financial system which can happen at any time now:

The Day the Dollar Died

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