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• Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: “Power Grid, Banking System, Cyber Financial Warfare”
• Jack Chan Sees New Major Buy Signal for Gold But is Patient
• $100 Silver – Here We come!
• Jim Willie: This Is the DEATH WARRANT For the Dollar!
• Fallacy Of East v West and the Price of Gold & Silver
• White House Warns Of Nuclear Terrorist Attacks: The Four Ways They Could Strike…
• Pierre Lassond On the End of the Bear & $8000 Dollar Gold
• Banks RULE The United States – John Titus
• Gold Prices Possibly Manipulated On London Fix For a Decade: Professor
• The April Emergency The Fed Doesn’t Want You To Know About – Mike Maloney
• Zero Growth in Q1 2016 and Gold
• Podcast: A Potentially Brutal Earnings Season Kicks Off
• Shanghai Gold Exchange Withdrawals a Brisk 183 Tonnes of Gold Bullion for March
• Silver (Lagrimas de la Luna)
• Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?
• Protected: Gold Stocks Holding Immediate Support
• Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
• Depressing Survey Results Show How Extremely Stupid America Has Become
• Gold Price Supported Near 1200; Test of Highs Coming
• Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: “Power Grid, Banking System, Cyber Financial Warfare” Posted: 13 Apr 2016 01:00 PM PDT “The case for $10,000 gold is quite strong.”  But where to store it? Put it in a safe place and that will be immune from power grid outages, exchange closures, digital asset seizures and cyber financial warfare.   Submitted by Mac Slavo, SHTFPlan: Intelligence insider Jim Rickards has previously warned of asymmetric attacks using cyber warfare, […] The post Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure: "Power Grid, Banking System, Cyber Financial Warfare" appeared first on Silver Doctors.

Jack Chan Sees New Major Buy Signal for Gold But is Patient Posted: 13 Apr 2016 12:00 PM PDT Technical analyst Jack Chan has examined the charts and says the gold sector is on a new major buy signal, which could signal a new bull market, but he is patiently waiting for confirmation.   Submitted by Jack Chan for The Gold Report Technical analyst Jack Chan has examined the charts and says the gold sector […] The post Jack Chan Sees New Major Buy Signal for Gold But is Patient appeared first on Silver Doctors.

$100 Silver – Here We come! Posted: 13 Apr 2016 11:50 AM PDT Has the ramp to triple digit silver prices begun? Future Money Trends makes the case… The post $100 Silver – Here We come! appeared first on Silver Doctors.

Jim Willie: This Is the DEATH WARRANT For the Dollar! Posted: 13 Apr 2016 11:48 AM PDT “You cannot have Zimbabwe style monetary policy…you’re undermining the global banking reserves system!” You’re starting to see alot of pressure at the primary dealers… The treasury bond market is STARTING TO BREAK! This is the DEATH WARRANT for the dollar… The post Jim Willie: This Is the DEATH WARRANT For the Dollar! appeared first on Silver Doctors.

Fallacy Of East v West and the Price of Gold & Silver Posted: 13 Apr 2016 11:00 AM PDT The ongoing draining of gold from West to East is NOT a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China & Russia, replacing US, UK/EU…   Submitted by ETP: Take Putin, aka […] The post Fallacy Of East v West and the Price of Gold & Silver appeared first on Silver Doctors.

White House Warns Of Nuclear Terrorist Attacks: The Four Ways They Could Strike… Posted: 13 Apr 2016 10:00 AM PDT They are actively looking for ways to compromise the system.     Submitted by Mac Slavo, SHTFPlan: Within hours of the Brussels attacks earlier this month we learned that rogue terrorists presumably operating under the banner of the Islamic State had set their sights on a high-value target so significant that it could have left hundreds […] The post White House Warns Of Nuclear Terrorist Attacks: The Four Ways They Could Strike… appeared first on Silver Doctors.

Pierre Lassond On the End of the Bear & $8000 Dollar Gold Posted: 13 Apr 2016 09:35 AM PDT Franco-Nevada’s Pierre Lassond is “very sure” gold’s 5 year bear market is over and we’re at the start of a new bull market. Just how high could gold go during this new bull market?  Invest in Gold Eagle Coins at SD Bullion The post Pierre Lassond On the End of the Bear & $8000 Dollar Gold appeared first on Silver Doctors.

Banks RULE The United States – John Titus Posted: 13 Apr 2016 09:00 AM PDT The criminal global banking cartel has effected a coup d'etat in the U.S. – Criminal banks like Goldman Sachs are now above the law. RELATED:  Bankers Above The Law; The Veneer Of Justice In A Kingdom Of Crime – John Titus, "Best Evidence" – Click here to see this outstanding documentary. SD Podcast Spotlight:  SGT […] The post Banks RULE The United States – John Titus appeared first on Silver Doctors.

Gold Prices Possibly Manipulated On London Fix For a Decade: Professor Posted: 13 Apr 2016 08:00 AM PDT Researcher Rosa Abrantes-Metz is creating waves in the gold market regarding manipulation in the London gold fix: The post Gold Prices Possibly Manipulated On London Fix For a Decade: Professor appeared first on Silver Doctors.

The April Emergency The Fed Doesn’t Want You To Know About – Mike Maloney Posted: 13 Apr 2016 07:01 AM PDT Is silver about to STUN the markets? The post The April Emergency The Fed Doesn't Want You To Know About – Mike Maloney appeared first on Silver Doctors.

Zero Growth in Q1 2016 and Gold Posted: 13 Apr 2016 06:17 AM PDT SunshineProfits

Podcast: A Potentially Brutal Earnings Season Kicks Off Posted: 12 Apr 2016 10:00 PM PDT Most US companies will report earnings this month, and most analysts think the results will depressing. That’s bad news for stock prices and might add to the (already considerable) pressure on governments to step up their stimulus programs. Gold and silver, meanwhile, seem to like all this financial turmoil. This posting includes an audio/video/photo media file: Download Now

Shanghai Gold Exchange Withdrawals a Brisk 183 Tonnes of Gold Bullion for March Posted: 12 Apr 2016 10:00 PM PDT Le Cafe Américain

Silver (Lagrimas de la Luna) Posted: 12 Apr 2016 04:00 PM PDT Zealllc

Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World? Posted: 12 Apr 2016 03:02 PM PDT The elite are fleeing major cities around the globe at a staggering rate.  In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015.  The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year.  So why is this happening?  Why are thousands of millionaires suddenly packing up and moving away from the big cities?  Could it be possible that they have many of the same concerns that “preppers” do about what is coming? For quite a while, I have been writing about how the elite have been preparing for the coming collapse.  But I had no idea that literally thousands of them are packing up and permanently leaving our major cities.  As I mentioned above, the Chicago Tribune is reporting that about 3,000 of them left the city of Chicago alone during the previous calendar year… Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report. About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth. But of course this is not just happening in Chicago, nor is it just an American phenomenon. Actually, the two cities that lost the most millionaires last year are both located over in Europe… Paris saw the largest exodus. The French city lost 7,000, or 6 percent, of its millionaires, followed by Rome, which lost 5,000, or 7 percent. It is true that some of these millionaires are moving for tax reasons, but many others are quite concerned that humanity is hurtling toward a deeply apocalyptic future, and they want to get prepared for what is about to happen while they still have time. In eastern Germany, one company known as “Vivos” has spent an enormous amount of money converting an underground facility built by the Soviets during the Cold War into the largest private shelter on the planet.  It is called “Europa One”, and it is being billed as an ultra-luxury survival bunker for the elite. The following comes from their official website… Located in the heart of Europe is one of the most fortified and massive underground survival shelters on Earth, deep below a limestone mountain. Built by the Soviets during the Cold War, this shelter was a fortress for military equipment and munitions. Now privately owned, this 76 acre above and below ground hardened facility is capable of withstanding a substantial close range nuclear blast, a direct airliner crash, biological and chemical agents, massive shock waves, earthquakes, electro-magnetic pulses, and virtually any armed attack. This irreplaceable complex is now being re-tasked as Vivos Europa One, becoming the world’s largest and most fortified underground shelter for long-term, uncompromising protection of high net worth individuals, their families, and most precious assets when no other above-ground exfiltration solution will suffice. The complex includes over 21,108 square meters (227,904 square feet) of secured, blast proof living areas; and, an additional 4,079 square meters (43,906 square feet) of above-ground office, apartments, warehouse buildings, and its own train depot. Collectively there are over 5 kilometers (3.1 miles) of continuous tunnel chambers. An RT report that was posted on YouTube right here contains some stunning visuals from the inside of this facility.  Personally, I was quite stunned when I saw the extent of their preparations for the first time… This is something that I could go on and on about, but I won’t.  If you are interested in reading more, please see my previous article entitled “Superyacht Getaway Subs And Luxury Bomb Shelters: The Elite Are The Most Paranoid Preppers Of All“. As I was preparing for this article, I remembered something that Zero Hedge just reported that I think relates to this subject.  It turns out that “the smart money” has been net sellers of U.S. stocks for 11 weeks in a row… Last week, during which the S&P 500 was down 1.2%, BofAML clients were net sellers of US equities for the 11th consecutive week. Net sales of $1.7bn were smaller than in the prior week, but all three client groups (hedge funds, institutional clients, private clients) remained net sellers, led by institutional clients. So why are the elite dumping stocks like crazy right now? Don’t they realize that the stock market has been going up? Could it be possible that they have information that the rest of us do not? Most people have absolutely no idea how vulnerable our society truly is, or how very easy it would be to plunge the general population into a state of utter chaos. That is why I am so glad that Mike Norris (the son of Chuck Norris) is coming out with his new movie entitled “AmeriGEDDON”.  This film imagines a time when a global terror organization disables the U.S. power grid and martial law is instituted.  Rioting, looting and civil unrest break out, and the government moves in to disarm the citizens and “restore order”.  You can watch the official trailer for this new film right here… Could we actually witness such a scenario in our future? Well, I don’t expect to see anything like this next month, but in my new book I explain why I believe that America is heading for a future that is even more apocalyptic than the one portrayed in “AmeriGEDDON”. Everywhere you turn, our world is becoming increasingly unstable.  Economic collapse has already gripped some areas of the planet, there is tremendous geopolitical instability in the Middle East, Islamic terror is on the rise, there have been outbursts of civil unrest all around the world, and just this week we have seen a series of very alarming earthquakes and volcanic eruptions. Many people believe that we are entering a period of time when an unprecedented confluence of events will combine to create a “perfect storm” which will shake the world to the core. And it isn’t just “preppers” that feel this way.  As you have just seen, thousands of millionaires are so concerned about changing conditions that they are fleeing the major cities. So before you dismiss all of this apocalyptic talk as “nonsense”, perhaps you may want to consider what the elite may know that you do not. *About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael's controversial new book about Bible prophecy entitled "The Rapture Verdict" is available in paperback and for the Kindle on Amazon.com.*

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Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent Posted: 30 Mar 2016 06:17 PM PDT Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future.  Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in 2002.  Of course we don’t exactly have to wait for things to get bad.  The truth is that things are not really very good at the moment by any stretch of the imagination.  Approximately one-third of all Americans don’t make enough money to even cover the basic necessities, 23 percent of adults in their prime working years are not employed, and corporate debt defaults have exploded to the highest level that we have seen since the last financial crisis.  But if Kiyosaki and Dent are correct, economic conditions in this country will soon get much, much worse than this. During a recent interview, Harry Dent really went out on a limb by staking his entire reputation on a prediction that we would experience “the biggest global bubble burst in history” within the next four years… There will be… and I will stake my entire reputation on this… we are going to see the biggest global bubble burst in history in the next four years… There's only one way out of this bubble and that is for it to burst… all this stuff is going to reset back to where it should be without all this endless debt, endless printed money, stimulus and zero interest rate policy. And of course he is far from alone.  Without a doubt, we are currently in the terminal phases of the greatest financial bubble the world has ever known, and it is exceedingly difficult to see any way that it will not end very, very badly. Ultimately, Dent believes that we could see U.S. stocks lose two-thirds of their value by late next year… The Dow, I'm projecting, will hit 5,500 to 6,000 by late 2017… just in the next year and a half or so.  That'll be most of the damage… then it will rally and there'll be some aftershocks into 2020… my four cycles point down into early 2020 and then they start one after the other to turn up… I think the worst will be over by 2020, but the worst of that will be by the end of 2017. If that does happen, it will be a far worse crash than what we experienced back in 2008, and the economic consequences will be absolutely terrifying. Another highly respected financial expert that is making similar claims is Robert Kiyosaki.  My wife is a big fan of his books, and I have always held him in high regard. But what I didn’t realize is that he had actually predicted that there would be a major financial crash all the way back in 2002… Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S. stock markets are recovering from the worst 10-day start to a year on record. But Robert Kiyosaki — who made that 2016 forecast in the 2002 book "Rich Dad's Prophecy" — says the meltdown is under way, and there's little investors can do but buy gold or silver and hope the Federal Reserve slows the slide. I agree with Kiyosaki that one way that investors can shield their wealth is by getting gold and silver.  In a recent article, I explained exactly why I believe that silver in particular is ridiculously undervalued right now. Kiyosaki also believes that the coming crash could be delayed a bit if the Federal Reserve decided to embark on another round of quantitative easing.  But even if that happens, Kiyosaki is absolutely convinced that eventually “it's all going to come down”… Kiyosaki told MarketWatch that the combination of demographics and global economic weakness makes the next crash inevitable — but the Fed could stave it off with another round of quantitative easing, which might stimulate the economy. The Fed turned more dovish at its March meeting, with the central bank penciling in fewer interest-rate hikes this year than were previously part of its implied framework. The Fed signaled those hikes would happen more slowly than had been anticipated earlier, owing to a weak global economic environment and a volatile stock market. "The big question [whether] we do 'QE4,'" said Kiyosaki. "If we do, the stock market will come roaring back, but it's not rocket science. If we stop printing money, it crashes; if we print money, it goes up. But, eventually, it's all going to come down." Another voice that I have come to respect is Jim Rickards.  He is not quite as apocalyptic as Kiyosaki or Dent, but without a doubt he is deeply concerned about where the global economy is headed… Global growth is slowing both because of weakness in developed economies like Europe and Japan, and weakness in some of the emerging markets champions such as China, Brazil and Russia. The limits of monetary policy have been reached. The evidence is now clear that negative interest rates don't stimulate spending; they are only good for devaluation in the ongoing currency wars. World trade is shrinking; a rare phenomenon usually associated with recession or depression. And he is exactly right.  The economic downturn that we are witnessing is truly global in scope.  Brazil has plunged into an economic depression, the Italian banking system is in the process of completely melting down, and Japan has implemented negative interest rates in a desperate attempt to keep their Ponzi scheme going but it really isn’t working.  In fact, Japanese industrial production just crashed by the most that we have seen since the tsunami of 2011. Here in the United States, investors are generally feeling pretty good right now because stocks have rebounded substantially in recent weeks.  However, Rickards is warning that this rebound is very temporary… Stocks are clearly in a bubble. The stock market is ignoring the strong dollar, which in turn hurts exports and devalues overseas earnings. It is also ignoring declining corporate earnings, imminent defaults in the energy sector, and declining global growth in general. Never mind. As long as money is cheap and leverage is plentiful, there's no reason not to bid up stock prices, and wait for the greater fool to bid them up some more. There is so much that we could learn from all these three men. Sadly, just like we saw in 2008, most Americans are ignoring the warnings. The mainstream media has conditioned the public to trust them, and right now the mainstream media is insisting that everything is going to be just fine. So will everything be just fine as the months roll along? We will just have to wait and see…

Depressing Survey Results Show How Extremely Stupid America Has Become Posted: 29 Mar 2016 09:28 PM PDT Ten years ago, a major Hollywood film entitled “Idiocracy” was released, and it was an excellent metaphor for what would happen to America over the course of the next decade.  In the movie, an “average American” wakes up 500 years in the future only to discover that he is the most intelligent person by far in the “dumbed down” society that he suddenly finds himself in.  Sadly, I truly believe that if people of average intellect from the 1950s and 1960s were transported to 2016, they would likely be considered mental giants compared to the rest of us.  We have a country where criminals are being paid $1000 a month not to shoot people, and the highest paid public employee in more than half the states is a football coach.  Hardly anyone takes time to read a book anymore, and yet the average American spends 302 minutes a day watching television.  75 percent of our young adults cannot find Israel on a map of the Middle East, but they sure know how to find smut on the Internet.  It may be hard to believe, but there are more than 4 million adult websites on the Internet today, and they get more traffic than Netflix, Amazon and Twitter combined. What in the world has happened to us?  How is it possible that we have become so stupid?  According to a brand new report that was recently released, almost 10 percent of our college graduates believe that Judge Judy is on the Supreme Court… The American Council of Trustees and Alumni publishes occasional reports on what college students know. Nearly 10 percent of the college graduates surveyed thought Judith Sheindlin, TV’s “Judge Judy,” is a member of the U.S. Supreme Court. Less than 20 percent of the college graduates knew the effect of the Emancipation Proclamation. More than a quarter of the college graduates did not know Franklin D. Roosevelt was president during World War II; one-third did not know he was the president who spearheaded the New Deal. It can be tempting to laugh at numbers like these until you realize that survey after survey has come up with similar results. Just consider what Newsweek found a few years ago… When NEWSWEEK recently asked 1,000 U.S. citizens to take America's official citizenship test, 29 percent couldn't name the vice president. Seventy-three percent couldn't correctly say why we fought the Cold War. Forty-four percent were unable to define the Bill of Rights. And 6 percent couldn't even circle Independence Day on a calendar. Even worse were the extremely depressing results of a study conducted a few years ago by Common Core… *Only 43 percent of all U.S. high school students knew that the Civil War was fought some time between 1850 and 1900. *More than a quarter of all U.S. high school students thought that Christopher Columbus made his famous voyage across the Atlantic Ocean after the year 1750. *Approximately a third of all U.S. high school students did not know that the Bill of Rights guarantees freedom of speech and freedom of religion. *Only 60 percent of all U.S. students knew that World War I was fought some time between 1900 and 1950. Of course survey results can be skewed, and much hinges on how the questions are asked. However, even studies that are scientifically conducted confirm how stupid America has become.  In fact, a report from the Educational Testing Service found that Americans are falling way behind much of the rest of the industrialized world.  The following comes from CBS News… Americans born after 1980 are lagging their peers in countries ranging from Australia to Estonia, according to a new report from researchers at the Educational Testing Service (ETS). The study looked at scores for literacy and numeracy from a test called the Program for the International Assessment of Adult Competencies, which tested the abilities of people in 22 countries. The results are sobering, with dire implications for America. It hints that students may be falling behind not only in their early educational years but at the college level. Even though more Americans between the ages of 20 to 34 are achieving higher levels of education, they’re still falling behind their cohorts in other countries. In Japan, Finland and the Netherlands, young adults with only a high school degree scored on par with American Millennials holding four-year college degrees, the report said. Out of 22 countries that were part of the study, the Educational Testing Service found that Americans were dead last in tech proficiency, dead last in numeracy and only two countries performed worse than us when it came to literacy proficiency… Half of American Millennials score below the minimum standard of literacy proficiency. Only two countries scored worse by that measure: Italy (60 percent) and Spain (59 percent). The results were even worse for numeracy, with almost two-thirds of American Millennials failing to meet the minimum standard for understanding and working with numbers. That placed U.S. Millennials dead last for numeracy among the study's 22 developed countries. So why has this happened? Why have we become such an extremely stupid nation? Well, at least a portion of the blame must be directed at our system of education.  The following is an excerpt from an article written by reporter Mark Morford.  In this article, he shared how one of his friends which had served for a very long time as a high school teacher in Oakland, California was considering moving out of the country when he retired due to the relentless “dumb-ification of the American brain”… It's gotten so bad that, as my friend nears retirement, he says he is very seriously considering moving out of the country so as to escape what he sees will be the surefire collapse of functioning American society in the next handful of years due to the absolutely irrefutable destruction, the shocking — and nearly hopeless — dumb-ification of the American brain. It is just that bad. Now, you may think he's merely a curmudgeon, a tired old teacher who stopped caring long ago. Not true. Teaching is his life. He says he loves his students, loves education and learning and watching young minds awaken. Problem is, he is seeing much less of it. And of course things don’t get much better when it comes to our college students.  In a previous article, I shared some statistics from USA Today about the rapidly declining state of college education in the United States… -“After two years in college, 45% of students showed no significant gains in learning; after four years, 36% showed little change.” -“Students also spent 50% less time studying compared with students a few decades ago” -“35% of students report spending five or fewer hours per week studying alone.” -“50% said they never took a class in a typical semester where they wrote more than 20 pages” -“32% never took a course in a typical semester where they read more than 40 pages per week.” I spent eight years studying at some of the finest public universities in the country, and I can tell you from personal experience that even our most challenging college courses have been pathetically dumbed down. And at our “less than finest” public universities, the level of education can be something of a bad joke.  In another previous article, I shared some examples of actual courses that have been taught at U.S. universities in recent years… -"What If Harry Potter Is Real?" -"Lady Gaga and the Sociology of Fame" -"Philosophy And Star Trek" -"Learning From YouTube" -"How To Watch Television" Could you imagine getting actual college credit for a course entitled “What If Harry Potter Is Real?” This is why many of our college graduates can barely put two sentences together.  They aren’t being challenged, and the quality of the education most of them are receiving is incredibly poor. But even though they aren’t being challenged, students are taking longer to get through college than ever.  Federal statistics reveal that only 36 percent of all full-time students receive a bachelor's degree within four years, and only 77 percent of all full-time students have earned a bachelor's degree by the end of six years. Of course our system of education is not entirely to blame.  The truth is that young Americans spend far more time consuming media than they do hitting the books, and what passes for “entertainment” these days is rapidly turning their brains to mush. According to a report put out by Nielsen, this is how much time the average American spends consuming media on various devices each day… Watching live television: 4 hours, 32 minutes Watching time-shifted television: 30 minutes Listening to the radio: 2 hours, 44 minutes Using a smartphone: 1 hour, 33 minutes Using Internet on a computer: 1 hour, 6 minutes When you add it all up, the average American spends more than 10 hours a day plugged into some form of media. And if you allow anyone to pump “programming” into your mind for 10 hours a day, it is going to have a dramatic impact. In the end, I truly believe that we all greatly underestimate the influence that the mainstream media has on all of us.  We willingly plug into “the Matrix” for endless hours, but then somehow we still expect “to think for ourselves”. There are very few of us that can say that we have not been exposed to thousands upon thousands of hours of conditioning.  And all of that garbage can make it very, very difficult to think clearly. It is not because of a lack of input that we have become so stupid as a society.  The big problem is what we are putting into our minds. If we continue to put garbage in, we are going to continue to get garbage out, and that is the cold, hard reality of the matter.

Gold Price Supported Near 1200; Test of Highs Coming Posted: 29 Mar 2016 11:18 AM PDT

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis Posted: 28 Mar 2016 06:58 PM PDT If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the energy industry, but it isn’t just the energy industry that is in trouble.  In fact, the average credit rating for U.S. corporations is now lower than it was at any point during the last recession.  This is yet another sign that we are in the early chapters of a major league economic crisis.  Yesterday I talked about how 23.2 percent of all Americans in their prime working years do not have a job right now, but today I am going to focus on the employers.  Big corporate giants all over America are in deep, deep financial trouble, and this is going to result in a tremendous wave of layoffs in the coming months. We should rejoice that U.S. stocks have rebounded a bit in the short-term, but the euphoria in the markets is not doing anything to stop the wave of corporate defaults that is starting to hit Wall Street like a freight train.  Zero Hedge is reporting that we have not seen this many corporate defaults since the extremely painful year of 2009… While many were looking forward to the weekend in last week’s holiday-shortened week for some overdue downtime, the CEOs of five, mostly energy, companies had nothing but bad news for their employees and shareholders: they had no choice but to throw in the towel and file for bankruptcy. And, as Bloomberg reports, with last week’s five defaults, the 2016 to date total is now 31, the highest since 2009 when there were 42 company defaults, according to Standard & Poor’s. Four of the defaults in the week ended March 23 were by U.S. issuers including UCI Holdings Ltd. and Peabody Energy Corp., the credit rating company said. And by all indications, what we have seen so far is just the beginning.  According to Wolf Richter, the average rating on U.S. corporate debt is already lower than it was at any point during the last financial crisis… Credit rating agencies, such as Standard & Poor's, are not known for early warnings. They're mired in conflicts of interest and reluctant to cut ratings for fear of losing clients. When they finally do warn, it's late and it's feeble, and the problem is already here and it's big. So Standard & Poor's, via a report by S&P Capital IQ, just warned about US corporate borrowers' average credit rating, which at "BB," and thus in junk territory, hit a record low, even "below the average we recorded in the aftermath of the 2008-2009 credit crisis." What all of this tells us is that we are in the early stages of an absolutely epic financial meltdown. Meanwhile, we continue to get more indications that the real economy is slowing down significantly.  According to the Atlanta Fed, U.S. GDP growth for the first quarter is now expected to come in at just 0.6 percent, and Moody’s Analytics is projecting a similar number… First-quarter growth is now tracking at just 0.9 percent, after new data showed surprising weakness in consumer spending and a wider-than-expected trade gap. According to the CNBC/Moody’s Analytics rapid update, economists now see the sluggish growth pace based on already reported data, down from 1.4 percent last week. Of course if the government was actually using honest numbers, people wouldn’t be talking about the potential start of a new recession.  Instead, they would be talking about the deepening of a recession that never ended. We are in the terminal phase of the greatest debt bubble the world has ever experienced.  For decades, the United States has been running up government debt, corporate debt and consumer debt.  Our trade deficits have been bigger than anything the world has ever seen before, and our massively inflated standard of living was funded by an ever increasing pile of IOUs.  I love how Doug Noland described this in his recent piece… With U.S. officials turning their backs on financial excesses, Bubble Dynamics and unrelenting Current Account Deficits, I expected the world to lose its appetite for U.S. financial claims. After all, how long should the world be expected to trade real goods and services for endless U.S. IOUs? As it turned out, rather than acting to discipline the profligate U.S. Credit system, the world acquiesced to Bubble Dynamics. No one was willing to be left behind. Along the way it was learned that large reserves of U.S. financial assets were integral to booming financial inflows and attendant domestic investment and growth. The U.S. has now run persistently large Current Account Deficits for going on 25 years. Seemingly the entire globe is now trapped in a regime of unprecedented monetary and fiscal stimulus required to levitate a world with unmatched debt and economic imbalances. History has seen nothing comparable. And I would strongly argue that the consequences of Bubbles become much more problematic over time. The longer excesses persist the deeper the structural impairment. As this bubble bursts, we are going to endure a period of adjustment unlike anything America has ever known before.  I talk about the pain coming to America in my new book entitled “The Rapture Verdict” which is currently the #1 new release in Christian eschatology on Amazon.com.  To be honest, I don’t know if any of us really understands the horror that is coming to this nation in the years ahead.  None of us have ever experienced anything similar to it, so we don’t really have a frame of reference to imagine what it will be like. This spike in corporate debt defaults is a major league red flag.  Since the last financial crisis, our big corporations went on a massive debt binge, and now they are starting to pay the price. We never seem to learn from the errors of the past.  Instead of learning our lessons the last time around, we just went out and made even bigger mistakes. I am afraid that history is going to judge us rather harshly. Those that are waiting for the next great financial crisis to begin can quit waiting, because it is already happening right in front of our eyes. If you believe that the temporary rebound of U.S. stocks is somehow going to change the trajectory of where things are heading, you are going to end up deeply, deeply disappointed.

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