Forbes: The Next Financial Crisis Will Be Hellish And It’s On Its Way

So if I read the article correctly then we are going to revisit the housing debacle on a different level?

I will buy me a horse and some land with the money while it's still wort anything and live what the ground can give me.

Save some cash my friend. It'll be a great time to buy a home. I remember watching a show a while back where one guy who had been down on his luck during the Great Depression was able to buy a home just by paying fifty dollars in back taxes to the city. Fifty bucks, bang, you got your home, mortgage free. Everything old is new again. The cycle will continue!

Time to practice "duck and cover" drill.

Until someone with a big gun takes it from you.

Pin this. This funds manager is at the top of his field, just the fact that he is saying this openly is enough to bring markets down.

Could that happen??? Then I will buy me a small horse and a big gun

Great Depression-Level Unemployment in America


Current levels of unemployment are Depression-level numbers, especially when compared to Darby's figures.

For example, economist John Williams puts current U-6 unemployment at 15.9%. That's higher than 9 out of 12 years charted by Darby.

And there are certainly Depression-level statistics in some states. For example, official Bureau of Labor Statistics numbers put U-6 above 20% in several states:
California: 22.0
Nevada: 23.7
Michigan 20.3
(and Los Angeles County has 24.1% unemployment, higher than any of the Depression years as reported by Darby)
Williams puts SGS unemployment - which he claims is the most accurate measure - at 22.3%. That's higher than 11 out of 12 years charted by Darby.

Youngstown State University's Center for Working Class Studies puts the "De Facto Unemployment Rate" at 28.76%. I'm not sure if that compares to methods used during the Great Depression, but it surpasses all 12 out of 12 years charted by Darby.


[link to www.globalresearch.ca]

Yeah, I've been thinking about this a lot lately. I've even started looking at land just for shits and giggles--and thinking about what I'd buy if it was cheap enough.

That's assuming I'll have the means to buy anything at all, of course, but it sure as hell doesn't hurt to think about it.

Thread: GLASS-STEAGALL MOBILIZATION

To fix what was broken...

The markets just drip down for five weeks now. No fear either, vix is holding solid. If there was more fear and panic then maybe a bottom would be forming, but none. Is this a set up for a major downward move?

Let's hope that this time they won't try the "too big to fail" crap. Taxpayers shouldn't have to bail any banks out this time. If a bank fails, it fails, real simple. If the financial system fails, that's fine, the people will still be alive, perhaps with debt reduced. We can start over -- look at Iceland for inspiration!

+100

There is no such thing as "Too Big To Fail"

Only "Too Big To BAIL"...

The sad truth is... In My Opinion... the U.S. Fed knows damned well that the crash is unstoppable...

Able to be delayed... yes.

They have been LITERALLY buying time in order to put their chess pieces in place.

When the Global Crash happens... WWIII follows almost immediately.

They are only putting off the inevitable...

This ^^^^^

You still think Babyon can be healed, just as the Bble says it will when sudden destruction comes.

I wish I was wrong, but it´s written in the Bible.

No one has to shut down the FRB. They are doing themselves in.

A 2% drop in their portfolio and they are done.

he aint the only one either and I think they are right.

Pfft, yeah, for white collar workers.

The rest of us will be PARTY TIME.

No taxes
No IRS
No Federal Reserve charging 20% interest on every bill
No 25 trips a year to motor vehicle
No TSA, CDC, DHS, APA, EPA, TFA, lying, cheating, murdering, and sucking our money dry.
No more criminals running the printing presses!
No more loan payments!
No 'bail outs' with only 8% of the money making it there.
No more forced vaccines for infants that hurt them forever
No more with held medical cures
No more looting of others earnings
No more talentless piggy backing the talented
No more corrupt law systems
No more oppressed people in the ghettos.
No more women, elderly and children IN FEAR!
No more oil spills, nuke problems, fake pandemics, oil refinery explosion, natural gas explosions
No more sending good men to invade & murder good people for the sake of British elite scum and Americans freaks
No more fixed elections
No more left & right
No more Republicans and Democrats...ONLY AMERICAN PATRIOTS!
No more corrupt Supreme Court
No more illegal laws in the house ande Senate
No more politicians looting everything in site
MORE!!!

GET IT?????

ONCE THE PRINTING PRESS IS DONE SO ARE THE WHITE SHIRT CORRUPT! America will save billions per year on non needed federal employees alone! $10,000 per second alone! 700,000,000,000 a year on illegal immigrant health care!

WE WILL PROSPER!!!!

WAKE UP! DONT BE SHEEP!

fixed error -

$10,000 per second on troops overseas alone!

LOOK FOR YOURSELF! THIS CLOCK WILL STOP DEAD IN ITS TRACKS!

[link to www.usdebtclock.org]

DIG IT

But they made such a good run at!

Agree. Japan going down is doing them in as well. The people have won. We just need to save a bunch of people starting with Japan.

Sit back and enjoy the ride.

saw 1/8 of an acre with 4bedroom home..in bartlett tenn...10,000 total..taxes were 110 a year..morgage was 64 dollars a month..

It might be wide-spread civil unrest
It might be martial law
It might be the US imploding

This^^ Unemployment will skyrocket and Civil unrest will be the word of the day.