You are watching it!…”Be prepared to the best of your ability, being just one second too late might as well mean forever!”
Bill Holter
GoldSeek.com
Monday, 8 February 2016
The most common question I hear is “when”. When does the system collapse? When will we experience a re set? I think this is a very odd question. Odd because if you stand back far enough you should be able to see “you are watching it”! We are all so close and watching day by day movements, we are missing the big picture. Don’t get me wrong, many know systemically we are a bust but the daily watch for the lights out moment goes on. My point is this, the collapse is happening right before your eyes, “when” is a process and you are watching history!
The real global economy is in serious decline. You need no more evidence than declining trade and oil prices. If you would more evidence, Michael Snyder created a recent list http://theeconomiccollapseblog.com/archives/22-signs-that-the-global-economic-turmoil-we-have-seen-so-far-in-2016-is-just-the-beginning for you. What is and has already happened is unprecedented. Again, why ask “when” if you can already see it happening?
From a financial standpoint, we are also watching the collapse unfold. Earnings are collapsing across many diverse industries. Just as we saw leading up to the 1987 crash, 2000 and again in 2008 …we witness the “slaughter of the day” after the release of poor earnings or future guidance. Credit default swaps are blowing out across many industries, the most obvious and probably most important is in the energy and banking sectors. The global credit markets are seeing various corporate bonds collapse 5 and 10% on a regular basis …and not industry specific! Here again, you are watching the collapse unfold right before your eyes but question is still “when?”.
The Rest…HERE
