But hearing the same wailing for years does no one any good unless you can see the threat.
Seeing a threat makes it personal. It makes it "in your face" where you MUST deal with it.
Our ancestors could see the tracks of a beast, and knew that danger was near. How near?
They couldn't know unless they saw the creature.
Welcome to our financial beast. It's right in front of you.
These three warning signs are brand new to the news, but we've told you in the past to be ready and how to prepare for it.
1. Billionaires are dumping stocks.
Dumping is different from selling. When a car or blender is shot, we dump it. If it had any value, we would sell the item hoping to make a profit. The car or blending becomes a non-performing asset, and needs to gotten rid of.
Dumping means that the losses are acceptable and they only purpose is that there is no hope of making a profit over the long term.
Warren Buffet of Berkshire Hathaway has a philosophy of buying when everyone else is selling. His recent dumping of 19 million shares of Johnson & Johnson is only one part of his stock shed. He unloaded a whooping 21% of his "consumer product stocks". B-H has parted ways with Intel, selling 100% of his stake in the company.
And he not the only one doing the massive unload.
John Paulson has sold 14 million shares of JPMorgan Chase, and 100% of his stock in Family Dollar and Sara Lee.
George "Spooky dude" Soros has sold almost 100% of his bank stocks, such as JPMorgan Chase (what are they doing that people are selling their stock?), Goldman Sachs, and Citigroup. In total, over 1 million shares of financial organizations have been sold by Soros.
That alone should tell volumes of the tome of "The Great Crash of 2014โณ.
But wait, there's more!
2) Stock Market at it's lowest new year opening since 2008
The Dow Jones Industrial Average had its worst day since November 7, falling 135 points, and the week ending 3 January, was lower than the week's opening.
DJIA activity from 30 December 2013 to 3 January 2014. Green represents week opening, Blue represents 2014 opening, Red represents week's end
The S&P 500 had its worst day in almost a month, closing down close to a percent.
While not the best prognostic tool, the last time the New Year opening was a stinker was in 2008. And we all know what happened that year.
3) The Bubble Burst that makes 2008 look safe
United-ICAP chief market technician Walter Zimmerman recently sent a note to his clients outlining a small gain in the market, about 4% or around 17,150 before the dam breaks. His words of advice:
His examination of the current forecasts shows some serious trouble in 2016, where the DJIA will fall about 65% to 72%, somewhere in the 4650 to 5770 range. This is territory that hasn't been seen since late-1995 to mid-1996."Based on our longer-term time cycles the present stock market rally must be considered the bubble to end all bubbles,"
Zimmerman's words aren't alone in the wilderness. As we reported earlier, Stan Harley, Ed Carlson, and Tom DeMark haveforecast massive stock losses in the first half of January 2014.
And there is Peter Boockvar, the managing director and chief market analyst at the Lindsey Group, who on Thursday predicted the S&P 500 could drop 15% to 20% in 2014 and finish the year between 1550 and 1600.
There you have it. The three warning signs that a financial crash is imminent. Taken individually they are meaningless. But taken as PART of the WHOLE picture and you can gain a sense of why the crash happened. It doesn't matter that China nukes the US, even though we've been warned that Russia will do it, it's the event that has to be prepared for.
Are you prepared? Why not?
Simply stocking up on food will get you weeks ahead of the unprepared. Stocking up on ammunition and a few guns will get you months ahead of the unprepared.
Prep like your life depends on it. Because it does.
Delivered by The Daily Sheeple
Contributed by James Smith of Prepper Podcast Radio Network.
Reader Comments
You can't not watch.
Little did I realize in 2008 that it would take this long to collapse... Oh that's right, everything is being falsely propped up so the robber barons have enough time to fleece us all of every last penny! I predict that 2014 will be the year of the "bail-in" in the U.S.
Get ready for the "haircuts."
Sucks to be a news junkie especially when the news isn't even news. Buffet may have some other issues though after his trains blowing up all over. Tones of interesting speculation on that might I add. I hope we have one more year.
I see James that you are also one of the sheeple as you value guns/ammo over food.
Heaven help us all this is the reason America is in the state it is.
Wonder when ppl realize we don't need "financial sector" at all. In the times of internet and computer in every corner, we could easily make system of barter exchange of goods and services. Money is obsolete, although it is essential tool of control, so parasites will fight for it to their ends.
Think about it - it is fun thinking out solutions how to leave money behind, and imaging the beauty and opportunities of the world without this octopus...