Over the last several weeks U.S. stock markets have seen a whirlwind of action. As the holidays approached and stocks began to buckle, headlines blared warnings of a Christmas Crash. In the first few weeks of December and up through Christmas Eve, stocks dropped 4,000 points on the Dow Jones, a move that sent financial shock waves across the world. As everyone from institutions to retail investors braced for the worst on Christmas Day, America’s Plunge Protection Team sprung into action. By the 26th, stocks had recovered a full 1000 points in under 24 hours and the Santa Claus Rally was born. A Christmas Miracle to be sure – one that was fueled by massive injections of cash in a last ditch effort to save the system before it broke through major market support levels.
The mainstream media would have us believe that all is now well, but for those who lived through the 2000 tech bubble crash, it seems all too familiar. Just like 2000, we’re now seeing what can only be described as obscene valuations for tech-related companies and broader stocks in general.
And just like the bursting of the bubble in 2000, so too will we see similar events unfold now. According to Keith Neumeyer, the CEO of the world’s largest primary silver producer First Majestic Silver and Chairman of First Mining Gold, we’re at the early stages of another crash that stands to wipe out potentially trillions of dollars in wealth.
I look at this time frame that we’re currently in very similar to 1999 through 2001. I think it’s more than similar. I think it’s almost identical.
… They’re trying to hold it up as much as they can… This is going to be an ugly January and an ugly February…
Going back to the top of the NASDAQ in March of 2000… we have all-time highs… exactly the same as we did in 2000… and it’s now crashing… and where’s the money going to go?
It’s going to go exactly where it went back in 2002 when gold bottomed out at $250 per ounce and silver bottomed out at $5.
Over the next decade silver went up 10 times and gold went up 8 times… and the mining stocks went up 5, 10, 20 times in some cases.
That’s the kind of environment we’re at the beginning of.
Full Interview Via SGT Report:
It’s no secret that stock prices, especially for Silicon Valley tech darlings, are significantly overvalued. But investors want to believe that the party will never end. Many have been led to believe that the government and their private sector partners have the tools to ensure bubbles don’t happen and that prices won’t crash.
But if December showed us anything, it’s that there is something very, very wrong with stock markets. It is not normal for stocks to swing 1,000 points in a single day. We are, indeed, in very dangerous territory.
And as Keith Neumeyer notes in his interview, with interest rates rising, these two pillars that have held up the facade of a healthy economy are starting to crumble.
The crash in stocks and rising rates bode well for gold and silver, but it’s the third pillar that could really send the entire financial and economic systems into a tailspin.
We’ve got dropping stocks and increasing interest rates…
If we have the third pillar fall – which would be the U.S. dollar dropping – gold would explode.
We’ve known since the bailouts of 2008 and 2009 that the can has been kicked down the road and that the day of reckoning would come.
It appears it may soon be upon us and just as before, millions of investors, retirees and pensioners are going to take the brunt of it.
As the bubble collapses, one need only look at history to see where capital flows during times of crisis and panic. As Keith Neumeyer suggests, it’s going to move into gold and silver just as it has always done.
Keith Neumeyer is the CEO of First Majestic Silver and Chairman of First Mining Gold Corp.
For more interviews like this one visit SGT Report
Hi Mac! Just wanted to day thank you for your work and this great site. It is difficult to write to a deadline. Don’t know how you do it! Best wishes to you & yours for 2019.
Will this woman see the destruction of mankind..
The crash this real this time, because Gold and Silver are finally taking off upward, because folks are rotating out of equities and into safe havens like Gold and Silver to protect their wealth from runaway inflation, and because of the crashing dollar’s value.
I don’t watch the “TV News”, but this article says, “The mainstream media would have us believe that all is well now.” How come they aren’t hammering Trump for this? They hammer the man for everything else, especially on Yahoo! news. 99.9% negative stories on there. I’m not saying he is great or bad, just wondering why they don’t seem to blame him for this?
“They’re trying to hold it up as much as they can…”
Which “they” is he talking about?
It sure isn’t the Federal Reserve, which is directly causing the market drop by raising interest rates repeatedly. They are trying to cause a crash so it will be blamed on Trump, just as they did to Hoover.
The media isn’t blaming Trump, because to do so would make more conservatives not blame Trump.
If Trump can survive all the assassination attempts, he may end the Fed in the near future.
Say it ain’t so…..I hear there’s a good deal on Sears stock!
I hope they don’t close our local small Sears. They can repair appliances, even if they aren’t brands they sell. We’ve used them a number of times.
I wouldn’t put a dime into the markets right now.
Try to repair them yourself if you can. Washers and dryers are not too difficult. I’ve replaced circuit boards, pumps, belts and motors in mine to keep them going. Our local small Sears store finally closed down and the owner retired. They were good people.
YouTube is wonderful, there is a video on how to fix just about anything. I use them all the time, even when I know how to do a job because there are often several ways to get it done quicker or more reliably.
The internet makes us all feel smarter than we are. After an EMP event, we will all go back to being stupid…….
I quite agree as I learned by doing it hands on and mostly without manuals, otherwise asking older technicians and craftsmen if they had ever had similar issues. Now, you can most generally find the information online and order parts especially on old devices.
I also found a basic appliance repair book and referred to it over and over. Often, it’s something simple but the issue is availability of parts versus cost and shipping versus buying a used one or new one.
I kept an old washer and dryer going for a loooooong time and very inexpensively.
There’s been millions of people that have been ripped off because they were told they needed a new washer or dryer when in reality it was nothing more than a timer switch,belt slipped or broke,or heating element..All are inexpensive and easy to fix..
It’s like a whole generation is terrified of doing things themselves. Well only rich people have the option of paying some tech to fix their problems.
We live in the real world where middle class folks and the poor have to do it themselves.
plan twice, etc: Or soon dead, within several months 90% will be dead if the power is out long term.
To be sure, I’m not helpless, I’ve done all my own repairs on cars, plumbing, electrical, and everything. When cars were computerized, I just learned how to handle it. I have a nephew who is a master mechanic for Toyota for decades, I have a hybrid and haven’t called him in a decade. I can handle it all.
Will I be one of the dead sheeple? Not likely.
Have you seen the video of the ‘snowflake’ trying to open a can of (something) with a hand can opener? Pathetic.
The last time I went to Sears was in 1998 and I have never been back.
I had bought car tires at Sears and purchased the road hazard warranty just like everybody does.
Then I get a nail in the tire, so I drive it to Sears to fix. They claimed I had no road hazard warranty and the nail was in the sidewall and the tire had to be replaced.
I know I had the road hazard because I still had the receipt in the glove box of the car. They were TOTAL assholes, I did not even try to argue with them, i just left and went to my local Gateway Tire.
Not only did Gateway tire patch the tire because the nail was NOT in the sidewall, they did it for free, because they are great with customer service. For the last 25 years, I have bought every single tire from Gateway Tire.
Sears just wanted the commission of selling me a tire and tried to screw me to get it.
I have never been back and never will go back.
Always save your receipts and keep them with you in the vehicle for any repair or part replacement warranties you purchase.
JS, Gateway is one of only a few shops I use for our company vehicles. They are real good with customer service. Never had any complaints about them.
They tried to steal 4 tires from me when changing to winter tires. They all had excellent tread. When I went to pick up the car, the lovely maintenance guys said oops, we didn’t know you wanted them and we threw them out in the dumpster. It’s impossible to get them out.
I said, those tires had excellent tread on them and there’s no way you clowns would have thrown them out. Now, I’m going for a little walk, and I’ll be back in 20 minutes, and those tires had better resurrect themselves and be put into my trunk.
When I came back. The tires were then in my trunk.
You should know that I was a 30 something tiny, prissy, little female wearing a skirt.
Guess who never did business with Sears again?
Hey folks, guess what? Just about every tire shop/ repair place tries to pull that kind of shit. It ain’t just sears. Thanks to YouTube and Craigslist I only take my vehicles into a shop for state inspections. Bein that I have a state inspection license, I won’t let them rip me off on bullshit “repairs” that don’t need done.
I think I’ll try a skirt next time,hairy legs and all…
oh my Jim…. to quote Brando, “the horror, the horror..”
John Stiner: Hope Sears closes for good.
I once had a wife that refused to listen.
Would not cook. Would not keep clean house or laundry.
Would not keep garden properly. Would not keep water in the animals trough or bowls. She knew how to but would not do.
I worked two jobs, While She maxed out my credit.
I asked politely for issues to be resolved, 6 months later nothing changed. She wouldn’t listen.(just like many business’s and censorshipped net platforms)
She was and is beautiful, not bad in bed, but worthless.
She went to visit her family. I rented a uhaul, found and hired three college kids to remove all her belongings from MY HOME, and all furniture she had bought. Giving her everything she bought with my money, except refrigerator. (I like my beer cold)
Loaded Uhaul was then driven to her family’s location.
Keys given to her brother. Told him he had three days to return truck to uhaul company in good condition. If not, truck would be reported stolen to Sherrif.
That beautiful and worthless woman is now some other poor bastards problem. Me? I’m doin fine. If someone refuses to listen. There are other women.
There are also other web sites. Or no web sites. No longer my problem.
Last post, Banned or not, For next year. No longer my problem. “A man should never allow a rock to remain in his boot. Causes aggravation. Remove the rock. Or just find new boots.” – Old Paw
FYI: First wife married a Doctor. She sent me birthday card showing her in a swimsuit by her new swimming pool. But I did not respond to her invitation to come over for a swim, cocktail, to visit. “Trouble is better avoided than repaired.” – Old Paw
I do not put up with poor service. Censorship. Or lazy unruley women. Neither should you.
SECURE Borders-Language-Culture-Free Speech-FREEDOM
I have a friend who bought a vacuum at Sears. First time trying to use it, it did not work right, so she took it back to the store and they charged her a ‘re-stocking fee’.
There are some small local sears stores that are privately owned but not many….It’s sad to see such a retail icon fall after 100 years but also a good reminder to adapt to changing times. It was evident over 10 years ago, that they should have downsized their stores and focused on what made them different from all the other big box stores- Tools, automotive and appliances. If they had done that and been really good at it, they could have survived. Instead, they let their stores fall into ruin with terrible customer service and then sold off the Craftsman tool brand. It was the kiss of death when they did that.
Sears abandoned their catalog service simultaneous with the emergence of the Internet and Amazon web based sales.
I was screaming at the TV during a Jamie Diamond interview. Just put your catalog on the Internet.
You can’t fix stupid, but you can short it, and make lots of money. I saw this coming a mile away.
For you older folks Sears was a blessing every trip to the outhouse. Take a crap, check out the babe n bra section in the catalog, then rip out a few sheets for toilet paper, wipe and off n running again.
Sears was destroyed, on purpose, by a corporate raider. He never planned on fixing the brand. His plan was to loot the company and sell off the parts at the end. Of course, he made several billion dollars along the way.
I was going to comment but the philosopher hit it right on the head. Vulture Capitalism at it’s finest.
LMAO !!! Let me know how that works out for you Jim. 🙂
I look at it this way.
19 years ago I bought a house and land for
$184,000. I made about $130,000 in improvements
( second house, and large shop).
Today my property is worth well over $900,000.
If the value were to be halved, would that be a loss
of 50%? What if the value went down to $50,000?
What would be my loss? I still have two homes, a shop,
acreage, clearly mine, and debt free.
Money be it paper or PMs is not wealth, it is a means of transferring wealth. Tangible assets are wealth.
shelter, water, and food is wealth. You wipe your butt with paper, crown your teeth with gold, and use silver to glue pieces of metal together.
Let the whole thing crash!
Great insight on “money”.
Don’t pay your property taxes and see who really owns your property.
Well put but I wouldn’t use Federal Reverse Notes to wipe my dung hole. Quite obvious. Best wishes & it looks like you’ll survive when the SHTF.
The reality of the end game of total greed capitalism surfaces as fascism becomes the only way to keep it going. The US morphed into a fascist militaristic police state to protect their money take and authority. The people remain along for the ride of struggle. Protest! That’s American.
Our gov’t, political, and economic/financial systems are broken, not just broken but irrevocably so. These systems have been manipulated and hollowed out to the point of exhaustion. They can no longer work without diminishing return, more and more inordinate resources and force are required to support them. Eventually, desperation will set in. Then we will see a limitation and negation of civil rights in an effort for TPTB/state to maintain control (it won’t work). It is all now in reality rubble, there is only an illusion of sound structures. TPTB/”elites” are the ones who benefit from the way thing are. When enough of society finally awakens to reality there will be a lot of anger, real visceral anger. Even though many are quite comfortable now, most will eventually be struggling to maintain what they have. When something is ruined beyond repair you don’t try to fix it, you replace it or walk away from it. The solution for me and mine is to SECEDE NOW!, we don’t want to get dragged down with the rest of the country.
Bill, excellent comment. The only option now is to SECEDE. No more Democrat and Republican. It’s either secede or become part of the NWO.
The new UN pact on immigration will mean that anyone who wants to come to the US can. That’s why there is NO reconciliation possible. It’s secede or allow Western society to be destroyed.
It is ruined because they are not following the Constitution.
Get back to it.
Prince – 1999 (Official Music Video)
Party on, don’t forget the popcorn !
oh, and a few drinks..
Hcks where are you my man ?you are best part of this site . This guy reminds me of you he eats super predators , bad hombres, evil doers and jihadiees like https://youtu.be/kqo0sNWH-Q0 chops
Hcks went to take a shit and the gooks got him.
Off topic…but for the record I still say backstabbing the Kurds is a critical error.
Off topic but I still say backstabbing the Kurds is a critical error.
Bingo, the Kurds are and have been the only force for peace in the Middle East. The Sunni’s and Shia are just the same terrorists, in different uniforms.
Then let the Kurds fight for themselves. Only the strong survive.
Edward Mandell House had this to say in a private meeting with Woodrow Wilson (President) [1913-1921] – “[Very] soon, every Citizen will be required to register their biological property in a National system designed to keep track of the people and that will operate under the ancient system of pledging ( Promising). By such methodology, we can compel people to submit to our agenda, which will affect our security as a chargeback for our fiat paper currency. Every American will be forced to register ( The Birth Certificate ) or suffer not being able to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Citizens by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges . They will be stripped of their rights and given a commercial value designed to make us a profit and they will be non the wiser, for not one man in a million could ever figure our plans and, if by accident one or two would figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every one a contributor to this fraud which we will call “Social Insurance.” Without realizing it, every citizen registered as property of the government will insure us for any loss we may incur and in this manner; every citizen will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of President of our dummy corporation to foment this plot against America (“them”).
Do Not Resuscitate.
I believe, I said that I would take a break from this, if Mad Max was given control of the money supply.
Oh well, we all know it’s coming id rather let the games begin im going to have a heart attack from the suspense and not even get to see any of it what a drag!
There is a twitter account going by the name of Dr Peter Vincent Pry but probably is disinformation that is warning about an EMP. I only mention it so you are aware of it. The real Dr Peter Vincent Pry is in charge ofa US National EMP policy group.
No other confirmation.
Just some clowns hawking gold and silver trying to make some fiat to put in the markets after they melt down and start going way back up. That’s when they’ll make the big money.
It’s imbeciles like this who are deliberately trying to implode the economy when the market is shaken.
Maranatha, that commie bitch cortez is a real winner, isn’t she? I’ve got something her she doesn’t want.
Wait til she gets her tax bill…..
The clueless dolts are trying to impose a democracy upon the constitutional republic of the USA. Don’t they realize this is amending the Constitution and the rigorous requirements by the state legislatures???
These people are traitors who should pay the traitors’ price for treason.
Take note of the red and orange states as they show intense influenza activity. Now I would bet most preppers are far away from the urban centers in these states which are most at risk due to population density. Red is the worst. There is a major ramp up in the infection and level of contagion.
The Deep State is ramping up their efforts to sandbag President Trump by trying to collapse the stock market. My opinion. Editorial page:
Dejavu! I hate it when I worked myself so hard my brain turns to mush. I do enjoy working hard though and bringing home that bacon!
(It’s better than those who don’t work and still have mush for brains and uncle scam bacon)((Wait a minute… ain’t I providing their damn bacon too then?!?!)) SHIT!
Well then I will just take pride that I can still out think those idiot “youngins” I call staff, and run circles around their asses all day.
The German globalist government whose failed immigration/refugee policies flooded 700,000 into their country alone, is now sheepishy paying 1200 euros ($1367) for every single economic migrant to leave. There are 235,000 who must leave regardless. Do the math of this abject stupidity and that equals 321 MILLION!
Now consider what this chaos cost them years after it started. Then consider that it was unplanned and thus hammered social services plus disruptions plus resulted in very few acquiring jobs. Then consider all the heinous assaults (using euphemisms due to Disqus). Plus endless waste of government services for refugee mitigation. What did that cost?
Then consider that Mother Merkel (that’s what the economic migrants call her) toasted her own career and battered the EU as a concept possibly destroying it. Then consider how it ruined her political party.
Then consider how it created havoc for Italy, France, the UK, Hungary, Slovenia, the Czech Republic, Austria, Belgium, Sweden, etc.
It must result in a trillion dollar loss.
Obammy wanted this for the USA too because his Luciferian master Soros wanted the chaos. If not for Trump, it might have happened under Hillary.
For Germany alone for 2016-2018, the direct government costs alone are 68 billion dollars which includes a tiny fraction of the costs above.
Notice the greatly increased length to basic training due to “a sense of entitlement” by raw recruits. We already know they are entering training in a sad state of fitness. Plus they got buddy syndrome over the DIs when they ought to be scared of ’em.
If the SHTF, they would have to severely draw down from some place like Germany to do riot control in the urban areas. But then what will Russia do? Plus this means a 6 month gap before you can muster these clowns.
Ominous is the word that comes to mind.
No market has ever gone up forever. It has to correct, or at least trade sideways for awhile.
Because we can’t pay the WORLD’S bills,
BUILD THE WALL!!!