The Economic Collapse Dominoes Are Beginning To Fall – Prepare Yourself The Storm is Coming
The economy is deteriorating and the rail traffic economic indicator is flashing red. Factory orders fall. Bank of England makes a move for the BREXIT. Dominoes are beginning to fall as the UK halts trading on Aviva Property Fund. Italian banks are on the verge of collapsing. FBI order Orlando records sealed. DHS wants to vet people entering the US using their social media accounts.
I am referring to an economic crisis so big that the global economy will be forever different after those days. This economic collapse has already begun throughout the world,until the US stock market joins the crash. That’s the point at which we’re at a level where everyone knows it and denial that it is happening falls apart. I anticipate making that call in a matter of days now.
Have you seen what the price of silver has been doing? On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48. Earlier today it actually surged above 21 dollars an ounce for a short time before moving back just a bit. In late March, I told my readers that silver was “ridiculously undervalued” when it was sitting at $15.81 an ounce, and that call has turned out to be quite prescient. The Friday before last, silver started the day at $17.25 an ounce, and it is up more than 18 percent since that time. Overall, silver is up more than 30 percent for the year, and that makes it one of the best performing investments of 2016.
Globally, twenty-seven stock markets are now in correction (a decline of 10% or more) with thirteen of those being bear markets (a decline of 20% or more). Several markets have fallen more than 30%. Trillions of dollars have evaporated around the world. These all-out crashes can be found in Asia, Europe, the Middle East, Africa and South America. They are, in other words, global in extent and include such major economies as the United Kingdom, Germany, China, Canada, Australia and India — not just the usual trouble spots. The last time we saw such widespread stock-market carnage was in 2008 in the first part of the Great Recession. So, it is no overstatement to say we already have a global stock market crash. If you’re in the United States, you might not be feeling the epocalypse yet; but the rest of the world is; and once the US is in, things will become even worse for the rest of the world, which in turn will make things worse for the US.
JIM ROGERS on BREXIT LEAVE VOTE – Prepare Yourself The Storm is Coming
In contrast, the front page of the Scottish edition of the pro-Brexit Daily Express read, Here We Go Again, and reported that Scotland “faced fresh constitutional chaos” after Sturgeon unveiled plans to pursue a second independence referendum within hours of the EU vote results. Nicola Sturgeon Says Scottish Government To Hold ‘Immediate’ Talks With EU
Scotland’s first minister said this afternoon she will establish an advisory panel with experts to advise her on legal, financial and diplomatic matters as she seeks to continue Scotland’s membership.
The age of globalisation began on the day the Berlin Wall came down. From that moment in 1989, the trends evident in the late 1970s and throughout the 1980s accelerated: the free movement of capital, people and goods; trickle-down economics; a much diminished role for nation states; and a belief that market forces, now unleashed, were unstoppable. France and Germany urge swift action by Britain as Tory MPs say Boris Johnson is preparing leadership bid.
Adding to the sense of instability in Westminster and Brussels, the credit rating agency Moody’s cut the UK’s rating to “negative” and warned of a “prolonged period of uncertainty”. But after an emergency meeting of ministers from the bloc’s six founder members, Germany’s foreign minister, Frank-Walter Steinmeier, said negotiations should begin “as soon as possible” and that Britain had a responsibility to work with the EU on exit terms. UK food prices set to rise after Brexit vote
Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union.
Speaking outside 10 Downing Street, he said he would attempt to "steady the ship" over the coming weeks and months but that "fresh leadership" was needed.
The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.
The PM says he fought "head, heart and soul" but that Britain now needs a new leader to oversee negotiations to leave the EU. Cameron Resigns After UK Votes To Leave EU The British people have voted to leave the European Union after a historic referendum in which they rejected the advice of the main Westminster party leaders and instead took a plunge into the political unknown.
Results from across the country suggesting the Brexit camp were on the brink of declaring a referendum victory saw sterling down 10% against the dollar The value of sterling slumped to a 31-year low on currency markets and was on course for its biggest one-day loss in history as panicking investors contemplated the prospect of a vote to leave the European Union.
Live Bank of England promises £250bn to calm markets after Brexit vote – live updates
Governor Mark Carney says the BoE has ‘extensive contingency plans’ to handle Britain’s decision to leave the EU, as shares slide across the globe.
Results from across the country suggesting the Brexit camp was on the brink of declaring a referendum victory led to sterling reversing initial gains to leave the pound down more than 10% at $1.33, compared with $1.50 just after polling stations closed. That was the lowest since 1985. The pound was down more than 7% against the euro. The FTSE's slump was its biggest one-day fall since the collapse of Lehman Brothers .