ECONOMIC APOCALYPSE in 2016? Peter Schiff Says Prepare For Coming Collapse

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ECONOMIC APOCALYPSE in 2016? Peter Schiff Says Prepare For Coming Collapse

Economic activity is slowing down all over the planet, and a whole host of signs are indicating that we are essentially exactly where we were just prior to the great stock market crash of 2008. Yesterday, I explained that the economies of Japan, Brazil, Canada and Russia are all in recession. Today, I am mainly going to focus on the United States. We are seeing so many things happen right now that we have not seen since 2008 and 2009. In so many ways, it is almost as if we are watching an eerie replay of what happened the last time around, and yet most of the “experts” still appear to be oblivious to what is going on. If you were to make up a checklist of all of the things that you would expect to see just before a major stock market crash, virtually all of them are happening right now. The following are 11 critical indicators that are absolutely screaming that the global economic crisis is getting deeper…

#1 On Tuesday, the price of oil closed below 40 dollars a barrel. Back in 2008, the price of oil crashed below 40 dollars a barrel just before the stock market collapsed, and now it has happened again.

#2 The price of copper has plunged all the way down to $2.04. The last time it was this low was just before the stock market crash of 2008.

#3 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.

#4 Corporate debt defaults have risen to the highest level that we have seen since the last recession. This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.

#5 The Bloomberg U.S. economic surprise index is more negative right now than it was at any point during the last recession. #6 Credit card data that was just released shows that holiday sales have gone negative for the first time since the last recession.
“Peter Schiff” u.s. usa america “united states” imports exports trade economy “stock market” “savings account” savings “bank account” banking debt credit “credit card” money wealth jobs job employment “job agency” poverty poor christmas sale manufacturing “made in usa” 2015 2016 interest “interest rate” mortgage “real estate” gold silver “silver eagle coin” “silver coin” news media entertainment “elite nwo agenda” “binary options” data jim rogers marc faber lindsey williams alex jones infowars coast to coast am louis farrakhan rawdogletard

#7 As I mentioned yesterday, U.S. manufacturing is contracting at the fastest pace that we have seen since the last recession. #8 The velocity of money in the United States has dropped to the lowest level ever recorded. Not even during the depths of the last recession was it ever this low.

#9 In 2008, commodity prices crashed just before the stock market did, and late last month the Bloomberg Commodity Index hit a 16 year low. #10 In the past, stocks have tended to crash about 12-18 months after a peak in corporate profit margins. At this point, we are 15 months after the most recent peak. #11 If you look back at 2008, you will see that junk bonds crashed horribly. Why this is important is because junk bonds started crashing before stocks did, and right now they have dropped to the lowest point that they have been since the last financial crisis.

If just one or two of these indicators were flashing red, that would be bad enough.

The fact that all of them seem to be saying the exact same thing tells us that big trouble is ahead.

And I am not the only one saying this. Just today, a Reuters article discussed the fact that Citigroup analysts are projecting that there is a 65 percent chance that the U.S. economy will plunge into recession in 2016… Author Robert Kiyosaki: ‘Biggest’ Market Crash Likely in 2016 Author Robert Kiyosaki: ‘Biggest’ Market Crash Likely in 2016 Important: Can you afford to Retire? Robert Kiyosaki, best-selling author of “Rich Dad, Poor Dad,” warns that stock market manipulation may result in a crash bigger than in 2007. Gold and silver have crashed. Junk bonds have crashed. Chinese stocks have crashed. The Global Economy Is Officially Melting Down

Comments

Ronald Ectoplasm says:

If that does not work try 2017

Timothy Shelsea says:

While I totally agree that the economy is going to collapse, the question is… WHEN? Various credible experts keep saying it's about to happen…. Next month, next year, next week…. And it never actually happens. The Fed will just digitize ever more currency and manipulate the statistics and numbers. I wish it would just collapse and be over but as long the markets are soaring and everyone is hiring it's impossible to convince people we're in trouble.

Miguel Rios says:

I seem to not care anymore like i used too.. too much trolls and shills here. Forget about THE collapse. aint gonna happen. They have all the money they can make. also machines to manipulate the weather. They just want Control…. DEATH TO THE NEW WORLD ORDER….. 

Edward Sims says:

I think any "business" dependent on MONEY for information is commercial. But despite their rhetoric, more or less, it's true what they're saying if we would do our homework. They like to rub it in our face so we can't pinpoint when the wave will hit us. And it's almost impossible to prepare for the majority.

tsopmocful says:

Chicken Little.

rockhardagain says:

Peter Schiff has been saying this for the last 6 years, and will be glad to overcharge you for gold and silver=fear-monger

gogogo says:

They say that gold and silver are being kept low to protect the dollar. Virtually everything they have done has been damaging to the dollar except keeping gold and silver low. So here’s what I think.
The miners keep shovelling it out of the ground and get paid a pittance as the price is kept low by the rich so they can buy, buy and buy at a low price ready for when the rich devalue paper money and the price of gold and silver is re-valued. Always remember, the people have paper, the rich have gold and silver. So what are the rich who control the world going to make very valuable soon? Well they are not going to make paper valuable are they?

lupefiasco653 says:

My parents are sheep. It's a shame but God Predicted this NWO. People are far Gone it's sickening especially Christianity which is completely false since a white Messiah only started being seen When Da Vinci was around……1500 years after the original Messiah…..A Dark Skinned "Jesus" was very hated by the Europeans. Also Predicted a False Prophet Increase in Atheism is even worse since that's what the Elite want (pushing the Evolution doctrine) and Christianity which celebrates Christmas which is a Day of Pagan Gods like Horus(Eye of Horus) goes against God and is satanic. All predicted and I can't wait for this Satanic Society to be done away with. 2000 years but for some reason Evolution makes sense which comes from a freemason? Anyways my parents are gone along with My sister who loves mainstream news.

Bruce Jones says:

I am always willing to listen to a message but when it is coming from a fearpornmonger, then I just switch off. You are aware that Alex Jones is part of the cabal, right? Alex Jones's job is to ensure we know what the cabal want s to know (part of their "As long as we tell them and they do nothing, then it is OK" policy. Also, he makes people believe he is part of the awakening program, which he can then make look foolish by acting out. Finally, his job is to slip in a real cabal project, which people think is OK because the rest of what he is saying seems about right. As soon as I see his photo on somebody's YouTube and see that they are taking him seriously, I no longer am willing to take that YouTuber seriously. Basically, you become tarred with the same brush.

Steve James says:

We have alternatives like borderless digital currency right now. Bitcoin's Blockchain is a World Wide distributed Ledger. No individual or group and no central power or government can control or ban it. Bitcoin is backed by mathematics, open source code, cryptography and the most powerful and secure decentralised computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units) and it can’t be duplicated.Dollars are not backed by gold anymore since long time ago, they are printed by the trillions out of nothing by the private institution called "Federal" Reserve. Bitcoin can be stored and transferred offline.

Mary Williams says:

Yes, bitcoins will continue to increase in value, more than gold and silver, there will only be 21 million bitcoins ever, they are cryptographically and mathematically secured, it is decentralized, so can't be banned or co-opted by any central group or government.
BTW, Peter Schiff accepts bitcoin.

MainAccount says:

Prepare: get food, gold, silver and bitcoin, anything of limited supply.

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