This article was written by Joshua Krause and originally published at The Daily Sheeple.
These days it seems like there is a never-ending stream of dire predictions for the United States and the global economy. Many of them have merit of course, since the fundamentals of our economy are being held together by little more than duct tape and string. However, any prediction that suggests that the system is going to come crashing down at a moments notice, is hard take seriously. It’s certainly a possibility, but it’s not the most plausible end to our way of life.
In reality, our society enduring a long-term collapse that may take decades to fully develop. There will be moments of rapid decline, much like the financial collapse of 2008, but overall we seem to be falling on a long trajectory.
Goldman Sachs admitted as much this week when their top analysts claimed that the third wave of the financial collapse of 2008, is rapidly approaching. Aside from how weird it is to hear a major financial institution admit that the crash of 2008 never ended, a fact that Austrian economists, conservatives, and libertarians have been saying for years, they also admitted that debt will be at the root of the approaching crisis.
This wave is characterised by rock-bottom commodities prices, stalling growth in China and other emerging-markets economies, and low global inflation, Goldman Sachs analysts led by Peter Oppenheimer said in a big-picture note.
This triple whammy has its roots in the response to the first two waves of crisis — the banking collapse and European sovereign-debt crisis — and it is all part of the so-called debt supercycle of the past few decades.
Central banks all rushed to lower interest rates in response to the first two debt-fueled crises, encouraging investors to lend in emerging markets such as China for a decent return.
Now that interest rates are looking as if they might go up, lenders are heading for the exits and investors are pulling out of commodities, which are closely linked to the fate of the emerging economies.
And Goldman Sachs isn’t the only establishment institution to suggest that something big is on the way. Even Bloomberg thinks that we’re about take a plunge into another recession.
Bloomberg’s new survey of economists’ recession expectations picked up for the first time in 14 months on Friday. Economists were asked the likelihood of a recession in the next 12 months, and the median came in at 15%, the highest since October 2013.
“We tend to have recessions every seven years, more or less in the United States, since World War II,” David Rubenstein, CEO of The Carlyle Group, told Bloomberg TV. “So at some point in the next year or two or three, you can expect a recession.”
But as Goldman Sachs admitted, the financial crisis of 2008 never ended, so we’re not really entering another recession. We’re merely passing an additional stage of a single crisis, because nothing we’ve done for the past 7 years has solved our problems. We’ve shuffled money around to different corners of the global economy, we’ve buried ourselves in more debt to keep our economy afloat, and we’ve bailed out the companies that helped caused the problem in the first place (including Goldman Sachs).
We don’t have what you would call a ‘healthy economy,’ which would be able to hold itself together when faced with the natural ebbs and flows of the marketplace. We have a ramshackle economy that is running on nothing but fumes and prayers. And soon we’ll find out how much life is left in this crumbling system, when the next wave of the financial collapse arrives.
Just crash and get to a normal valuations…
Thanks for destroying the economy Goldman Sucks. This also applies to the rest of the treasonous bankers and politicians. May you all rot in hell!
2008 was just the beginning. As I have been saying for 7 years we ain’t seen nothing yet. A continuing decline in The American way of life just rolls along.
What has not gotten worse in the last 7 years?
BigB
We have a Two Tier Economy. We have had it since the inception of QE, which was instituted, primarily, to protect the balance sheets of the Member Banks of the FED. Business as usual continued for the Investment Class; meaning the business cycle continued for them for seven years and is coming to a close now.
Those in the lower tier are essentially looked upon as useless eaters, grazers to be fed, but basically non-producers and not owners of the means of production. As such, they are expendable because they do not make a contribution to the economy.
More than 70,000 FACTORIES have been offshored and the loss of tens of millions of jobs, to provide bigger profit margins for the Investment Class using cheap labor and manipulated currencies.
Those trends will continue until Americans become politically active along the lines of say, the IRA, which has a para military force to support its political arm.
Without a new political structure in America, as I have annotated above, the status quo will continue with bread and circus’ for the dispossed. Start a FREEDOM CELL where you live. America must be taken back town by town, by city, by county if we are ever to have a responsive Federal Government again.
Engage. 🙂
A new political structure will not save America.
Any new political structure will eventually be captured by special interest, and lead us right back to where we are now.
Politics is the last refuge of scoundrels. It’s not the answer.
Socialism… Left or Right, doesn’t work!
The cult-like worship of the “State” must be rejected if we are to move forward as a species.
With the vast sums of money owed by the govt. how can higher interest rates be a good thing?
The government has a plan.
1.) Hire Loggers.
2.) Have loggers cut down trees.
3.) Make paper from trees.
4.) Use the paper to print more money.
Problem solved.
You forgot
5) Use money to pay loggers
6) Return to step one
Goldman Sachs have been buying up the lumber mills all across America.
The FEDS don’t even print money anymore. It is just a line item entry on a computer screen.
Read: The End of Homeland Security, at veteranstoday.com, it sums the whole sordid mess up perfectly. Don’t miss it.
Wow!! Great article. Goodbye Homeland Security Ghestapo Agency, and good riddance!
Got bad news for ya. All those turned out to look for new jobs from DHS will be scarfed up into other agencies.
What a crock of shit article and website.
Quote(s): “one million or more innocent Americans are being psychotronically harassed and gang-stalked as part of a big DHS experiment”. This is being done “to test the latest advanced psychotronics using cell-phone tower emissions, dopplar radar, Wi-Fi, ELF, smart-meters, aircraft deployed psychotronics, and some orbital space-based scalar weapons”.
I’m going to be honest here. I laughed out loud. I haven’t heard of dopplar, perhaps the write meant Doppler. Orbital space-based scalar weapons. Just saying that a few times will make you chuckle.
The video in the article was even worse. “Nine one one was done by Mossad”; “Jews owned the buildings”; “Jews took over the government oversight”; “Blame the Jews”.
Makes infowars use of conspiracy theories look like child’s play. It’s too bad about shtfplan as well. There used to be good, valuable articles with information you could use in your life. Now, it’s full of fear-mongering and nonsense. Sadly, I still check in to see if the rhetoric has calmed down at all in the content. Apparently, it has not.
Third wave????
So what there will be a forth a fifth, so on and so on!!!!
Damn thing died years ago but the body is still twitching. You folks here understand this, but most folks don’t.
Right now I’m doing good. I have time to prep. The electricity is still on, the gas is flowing. So I doing good! Like I said I’ll just keep prepping!!!
Sgt.
The fourth and fifth waves will be waves of mexicans and muslims flooding into Amerika.
I live in Australia prepping is not big here but I have been hard at it for the last two years, I fully expect the electricity one day soon will be switched off but I m going to be a hell of a lot happier than most. we have a population of 22 million and the last time I checked our big four banks had derivitives debt of 28+ trillion as well as Government spending at least 100 million a day its like a drug for them, so it is only a matter of time before the lights will go off OH and or brand new Prime Minister was the Australian Goldman Sachs boss from 1998-2006 or there abouts so basically we are f@#ked
Just let me know when Lloyd Blankfein is dead. One less global virus against humanity.
Even a Jackass would have some sense that something is going to happen.
The question is, who is going to survive the next recession or even a depression. Had to say depression cause you know the bastards lie.
Which companies will stay around with the loss of capital and revenue. Will you be able to buy clothes or hardware. Tools or parts to repair or replace. Which grocery story will have the food and the ability to fill their shelves with products.
Which stores are downsizing or closing within a few months right now.
Consider what the prices for food will be and if you can get your money out of the bank.
We will have an orange juice price hike because the production is the worst in years in Florida. It is always something. Bird Flu to kill off chickens and turkeys, Swine flu for the the hogs. Fires and droughts in the vegetable growing belt. Crop failures. Gas will rise because they have not use as much. Maybe they will add more taxes to the price.
Bottom line is, it all being paid for with the money from our pockets.
If the economy is running on “fumes and prayers” then there is a whole lot of praying going on.
Keep your knees to the floor. You’re in position for the next wave. I think what we are seeing is more akin to a miracle. There will be signs and wonders before the final judgment. Except this was a man made affair. And it will be a man made judgment. Mercy me, the end is near. OMG.
I backed way out of their system..all debt paid but one loan on my house for way way way less than its currently worth ( currently is a key word)
no business loans or line of credit . pay cash for everything , all my companies debt is paid , I owe nothing there either
lean and mean , and still pushing for more work , wont take anything at a loss , aint got no time for that
as removed as i can be from the banking debacle in this country
EOTS, same here, no type of debt for me, either. No loans, credit cards, zip, zilch, nada, nothing. Keep stacking and praying.
if i could come up with the rest of my houses $$ that would be next , but im chipping away at it as quickly as possible
the belly is going to be up soon, and i dont want a fat banker to roll over and squash me like a bug
Eat the Rich
Watched “The Grapes of Wrath” again. Real tradgety when you want to shoot someone and you really can’t… Because the real culprit is not a human being.
Johnson & Johnson Announces $10 Billion Buyback Ahead Of Earnings To Stabilize Sliding Stock Price
“We leave readers to pull it up on their own, but this chart of JNJ buybacks correlates virtually 1:1 with the performance of the company’s stock price, once again confirming that in the New Normal world, where the only margin a buyer of Index futures are central banks, when it comes to individual stocks, the biggest buyer is the company itself.”
Zerohedge
Direct link…
http://www.zerohedge.com/news/2015-10-13/johnson-johnson-announces-10-billion-buyback-ahead-earnings-stabilize-sliding-stock-
Deport Washington DC…..to somewhere very warm.
Hell.
The larger corporations are given free money by the Fed but with no stipulation it be used in any productive manner for the real economy.
In fact, our current legal and regulatory structure put penalties on productive investments in the United States but allow that money to be used for other financial purpose with little or no penalty.
So you reward one thing and penalize another – which do you expect will be chosen?
I have actually noticed a few grocery prices going down this past week. The local Food Lion has been charging $3.29 for a loaf of Nature’s Own bread. This week the regular price has dropped to $2.99.
Also, Banquet pot pies have been over $1 each at regular price and exactly $1.00 on sale. Now the local Sav-A-Lot has them at a regular price of 79 cents. I bought me a case of them. They also have apple and peach pies at the same price.
If only beef would go down. I can’t buy that at all unless it’s marked down for quick sale. The Food Lion here marks the meat down on Tuesdays. So I might buy some more this afternoon.
They mark it down, because they arent allowed to change the selly by date anymore….if YOU BUY that meat, my advice is to make sure you cook it WELL DONE!
The meat is fine. We either cook it immediately or freeze it for later.
Grabbed several trays of the BS chicken breasts at the local mart @1.66pp. If I had been payn attention I could have got it @.99pp with a flyer coupon. ‘Ol dopey me…..still got till thursday to make .99pp happen. I don’t know what they’re feeding these birds but they’re some of the biggest BS chicken breasts I’ve ever seen. My wife calls them Dolly Parton chicken breasts. Must be the whore moans they’re giving them in the feed.
If you read the book the secrets of the temple you will note that all recessions are created by the Fed on purpose regardless of the fact that each recession will kill 50,000 Americans So yes you have a recession every seven years on schedule as no surprise to the insiders who make mon6ey off inside knowledge
More economic gloom,there is a surprise but proves my phrase of the week,”Black guns matter”.
You betcha skippy!
Assads or the Syrian people’s 150 tons of good should buy them more time if they can get it .Now the king of the north Russia and the King of the east China are allied with Persia Iran. So everything is going as planed.Next Damascus will become a heap of ruin uninhabitable forever .Because it’s radioactive? American forces given green light to shoot down Russian jets . What for bombing ISIS ? Gotta get that gold. Can’t get enough of that yellow stuff.