Steve St Angelo: The Great Deleveraging Of The Economy Is Dead Ahead…”I can tell you that the GRAND FACADE will come crashing down to the shock and surprise by the masses.”
SilverDoctors.com
January 5, 2018
“These indicators and others give me the impression that the economy and markets are going to BLOW UP in 2018…”
by Steve St Angelo via SRSrocco Report
Enjoy the good times while you can because when the economy BLOWS UP this next time, there is no plan B. Sure, we could see massive monetary printing by Central Banks to continue the madness a bit longer after the market crashes, but this won’t be a long-term solution. Rather, the U.S. and global economies will contract to a level we have never experienced before. We are most certainly in unchartered territory.
Before I get into my analysis and the reasons we are heading towards the Seneca Cliff, I wanted to share the following information. I haven’t posted much material over the past week because I decided to spend a bit of quality time with family. Furthermore, a good friend of mine past away which put me in a state of reflection. This close friend was also very knowledgeable about our current economic predicament and was a big believer in owning gold and silver. So, it was a quite a shame to lose someone close by who I could chat with about these issues.
While some of my family members know about my work, I don’t really discuss it with them. If they ever have a question, I will try to answer it, but I found out years ago that it was a waste of time to try and impose my knowledge upon them. Which is the very reason I started my SRSrocco Report website… LOL. So, now I have a venue to get my analysis out to the public. I don’t care about reaching everyone, but rather to provide important information to those who are OPEN to it.
As I have stated before, I receive communications from individuals all across the world and from all different occupations. The common theme I receive from these individuals, who stumbled upon my website, is that they say, “IT’S MUCH WORSE THAN YOU REALIZE.” Unfortunately, I cannot share publically the information that they have provided, but I can tell you that the GRAND FACADE will come crashing down to the shock and surprise by the masses.
However, I can tell you one individual has contacted me with data suggesting that one of the largest shale oil companies in the United States has been fudging its numbers for the past several years. I have had nearly a half a dozen phone conversations with this individual and the evidence points to serious fraudulent activity. And let me tell you this individual is no conspiracy nut, he was a Senior-Level person in the company. When this information becomes public, it could be the next ENRON. If so, that will destroy the investor trust in the U.S. Shale Energy Industry. Virtually overnight, we could see a collapse of capital investment in an industry that hasn’t really made any profits since it started producing shale oil and gas nearly a decade ago.
Unfortunately, I continue to read articles and receive emails from individuals who believe that the vast U.S. shale energy resources will make the U.S. energy independent. I am completely surprised by the lack of wisdom of supposedly highly intelligent individuals who should know better. Furthermore, it seems to be that the debate is not about discussing facts and reason, but rather between the TRUTH & LIES.
The Rest…HERE
