Dee Finney's blog
start date July 20, 2011
today's date February 22, 2014
page 634-2
TOPIC: THE COMING STOCK MARKET CRASH - PART 2
The following announcement came from moneynews.com
2-21-14
WARNING: STOCKS WILL COLLAPSE BY 50% IN 2014
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.
"We have no right to be surprised by a severe and imminent stock market crash, "explains Mark Spitzneagel, a hedge fund manager who is notorious for his highly profitable billion-dollar bet on the 2008 crises.
"In fact, we must absolutely "predict it".
Billion-dollar investor Warren Buffet is reumoured to be preparing for a crash as well. The Warren Buffet Indicator, also knows as the "Total-Market Cap to GDP Ratio" . is breaching sell-alert status and a collapse may happen at any moment.
"We are in a gigantic financial asset bubble," warns Swiss advisor and fund manager Marc Faby. "It could burst any day."
Replace dollars with super-currency: economist
The World bank's former chief economist wants to replace the US collar with a single global super currency, saying it will create a more stable global financial system.
(chinadaily.com)
"The dominance of the greenback is the root cause of global financial and economic crises.
"The solution to this is to replace the national currency with a global currency."
(more at chinadaily.com )
Revelation 6-6 NIV
"Then I heard what sounded like a voice among the four living creatures, saying, "Two pounds of wheat for a day's wage, and six pounds of barley for a day's wages, and do not damage the oil and the wine.!"
20 EARLY WARNING SIGNS THAT WE ARE APPROACHING A GLOBAL ECONOMIC MELTDOWN
SOURCE: THE ECONOMIC COLLAPSE
Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey, and China?
If you are like most Americans, you have not been
Most Americans don't really seem to care about what is happening in the rest of the world, but they should.
In major cities all over the globe right now, there is rioting, violence, shortages of basic supplies and runs on banks.
We are not at a "global crises" yet, but things are getting worse with every passing day.
Beef supplies are at the lowest supply level ever. It is at 61% level now, because so many cattle were killed by the recent cold and snow.
#1 - The looting, violence and economic chaos that is happening in Argentina
right now is a perfect example of what can happen when you print too much money.
#2 - The value of the Argentine Peso is absolutely collapsing.
#3 - Wildspread shortages, looting and accelerating inflation are also currently huge problems in Venezuela.
Venezuela is experiencing declining export revenues.
#4 - In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40%.
#5 - Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.
#6 - Ukraine is rapidly coming apart at the seams. Opposition leaders are negotiating with the government, but doubts remain that they will not be able to stop the rioters.
NOTE: On 2-22-14 - after 100 plus people had already been killed, a settlement was reached to go back to the 2004 government whereby the Ukraine Congress would run the country which is more favorable.
Several government leaders then resigned their posts.
#7 - It appears that a bank run has begun in China. As China's CNR reports, depositors in some of Yunchung City's largest ('banks") have been unable to withdraw "hundreds of millions" in deposits in the last few weeks.
"Everyone wants to borrow and no one wants to save, warned one 'salesperson!" and loan repayments are difficult to recover." There is "no money" and the doors are locked.
During this time, a new Chinese bird flu is a reminder of a mutant virus risk. It has emerged as another fatal strain of bird flu called H7N9, has infested at least 286 people in China, Taiwan, and Hong Kong, killing 60 of them.
The new strain, called H10N8 has so far infected only two people - a fatal case in a 73 year old and another in a woman who is critically ill in a hospital. But the fact that it has jumped from birds to humans is an important warning they said,
Source: Reuters
#8 - Art Conklin of VBS is warning that credit markets in China "may be broken". Tor much more on this, please see my article entitled "The 23 Trillion Credit Bubble in China is Starting to Collapse. - Global Financial Crises Next?"
#9 - New that China's manufacturing sector is contracting shook up financial markets on Thursday.
#10 - Japanese stocks experienced their biggest drop in 7 months on Thursday.
#11 - The value of the Turkish Lira is absolutely crashing.
#12 - The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.
#13 - In Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.
#14 - The unemployment rate in Spain is sitting at an all-time record high of 26.7 percent.
#15 - This year, the Baltic Dry Index experienced the largest two-week post-holiday decline we have ever seen.
#16 - Chip maker Intel recently announced that it plans to eliminate 5,000 jobs over the coming year.
#17 - CNBC is reporting that US retailers just experienced the worst holiday season since 2008.
#18 - a recent CNBC article stated that conservatives should expect a 'tsunami' of store closings in the retail industry.
Sears said that it will shutter its flagship store in downtown Chicago in April. It's the latest of about 300 store closures in the US that Sears has made since 2010.
Jim Bakker stated "The Internet" is going to collapse thousands of stores. Online shopping has become so easy. You just place your order online and in a couple days you get your purchase delivered to your door, and in my cases even shipping is free.
#19 - The US Congress is facing another deadline to raise the debt ceiling in February.
NOTE: President Obama signed a bill to lift the debt ceiling on the Federal Debt Limit on Feb. 15th to 17 Trillion dollars, plus.
#20 - The DOW fell by more than 170 points on Thursday. It is becoming increasingly likely that the peak of the market is now in the rear view mirror.
March 9 , 2013
Jen’s Hallmark in Lawrenceville GA
Zimmy Restaurant in Hibbing MN
March 8 , 2013
The Home Furniture Gallery on Union Road at Galleria Drive in Cheektowaga NY
Diddams Party & Toy Store is closing its location at 460 Meridian Ave. CA
March 7 , 2013
Frito-Lay to Stop manufacturing at Oak Cliff Plant
Gentex Optics Inc. will close its Fell Twp. plant PA in October - 145 Jobs Lost
The Fly music magazine ( International )
Cape Henry General Merchandise and Hardware Store in Virginia Beach Virginia
The Fresh Market Inc - Closing 3 Sacramento Area Stores
Quizno's sandwich shop on East Beaver Avenue in State College PA
March 6 , 2013
Staples - 225 Stores by End of 2015
My Big Fat Greek Restaurant in Farmington NM
March 5 , 2013
Griffin Pipe Products in Council Bluffs Closing
Reser OTR, located at 1419 Vine St., Ohio
Sony DADC says that it is closing a distribution operation at its Terre Haute plant
Kmart Closing South Campbell Location
Lutey’s Furniture & Appliance in Anaconda MT
The Corry School Board is closing Spartansburg and Conelway Elementary Schools
EuGenius Market is closing at Gateway Mall OR.
Update: Ivories Jazz Lounge / Restaurant Portland OR.
March 4 , 2014
Kozlak’s Royal Oak Restaurant in Shoreview MN
LifePower yoga gym in Uptown Minneapolis MN
Update: Ollie’s Bakery in Winston Salem NC
Radio Shack - up to 1,100 Stores
Morning Glory Gifts in Honesdale PA
March 3 , 2014
Bemis Co. Closing Factory in Ohio
Ken's Meat & Seafood in Landrum SC
1-800-Flowers was closing on Hanover Street in Boston’s North End
March 2 , 2014
RadioShack at 405 E. Freeland Road Greensburg IN
Update: DOTS stores will close all locations
March 1 , 2014
The South Haven Health System Hospital MI - Closing Birthing Center / 19 Layoffs
Kevin Jewelers’ Park Place and Tucson Mall AZ
Bob’s Furniture City in Tomah WI
February 28 , 2014
Clarcor Air Filtration Facility Near Pittston PA?
Marshall & Swift Inc 214 North Delaware Ave. in Mason City IA
The Heine Brothers’ Coffee shop at the corner of Eastern Parkway and Bardstown Road Louisville KY
Parkway Christian Academy in Birmingham AL
The Hope Co. Boutique and Cameo Store in Fredericksburg VA
Accents in downtown Martinsville IL?
Retailer Dots Closing all 359 Stores??
Shinn Paint Co. on Snow Hill Road in Salisbury MD
February 27 , 2014
Colonial Florist in Stillwater OK
Update: The Outback Steakhouse on West End Avenue TN
Commonwealth Health will close Wilkes-Barre General Hospital's business office - 87 Jobs Lost
Sony is Closing 20 US Retail Stores
Cox Communications Shutting Down Pensacola Customer Call Center
The Blood Systems Call Center on Concord Street Texas? - 100 Jobs Lost
Update: Showcase Music & Sound on Hawthorne Boulevard in Portland Oregon
February 26 , 2014
National Freight Inc. Closing Distribution Center in Johnstown - 112 Jobs Lost
Who’s Who clothing boutique in Albany GA
Update: Stamp Your Heart Out in Claremont CA.
Twice Upon A Time bookstore in Middleboro MA
Nassau's Furniture is closing its warehouse store in South Windsor CT
Frank's Jewelry, 2839 N. Clark St Chicago IL
Bethel Life Center School in Wichita KS
The Red Star Oil in Daugherty Township
February 25 , 2014
Kmart will be closing its Big Kmart store on Capital Boulevard in north Raleigh
Worthmore Closing its Middletown Clothing Store Ohio
Bellybum Boutique in North Center Chicago IL?
Update: Three Reid's Groceries and One Bi-Lo Grocery store in South Carolina - Locations at Link
Indiana Limestone Co. Inc. - 166 Layoffs
Wawa convenience store in Cherry Hill’s Erlton section NJ
Update: Ham’s Restaurants has closed its Lakeside location at 699 E. Cone Blvd. in Greensboro NC
HelioVolt Corp will be shutting down Austin Facility
The Harrisonburg and Winchester Kmarts VA
Office Depot will close its Coeur d’Alene store ID
Verifications, Inc of Watertown SD Closing - 120 Job Losses
Good Shepherd Health System - closing a hospital and two clinics in Northeast Texas
Video rental store Photoplay in Brooklyn NY
Kmart will close its store on East Lincoln Highway in Middletown
Update: Commodore Corporation Closing down in Danville VA.
Central Furniture and Carpeting in Boston Ind.
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