04 February 2014

While Attention Was Diverted Elsewhere...

4 Adar Alef 5774

The global economic downhill slide is picking up momentum. Could we be just 30 days away from financial Armageddon?

The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

...troubling news just continues to pour in from all over the planet.

2014 stock market selloff intensifies
..."There's this jittery feel about the market,".... To say it is overdue for a (10% correction) may be the understatement of the year."

...The negative news, which some economists blamed on the severe winter weather, further worried investors who are already grappling with an economic slowdown in China, upheaval in the currencies of emerging markets, and the start of the Federal Reserve's move to taper its market-friendly bond-buying program.

...Last year's big move in stocks was way overdone and artificially inflated by Fed stimulus,.... The stock market shouldn't have gone up 30% when corporate earnings only grew 6% and economic growth, or GDP, was roughly 2%.

"Now that the Fed game is over, you will see the real economy revealed, and it is very weak," Pento warns, adding that the global nature of the economy also threatens the U.S. outlook. "The U.S. is not an island. If Japan and China are slowing down and emerging markets (are struggling), who will we export to."

And who will continue to buy American debt???

Government likely to exhaust debt-ceiling options soon, Lew warns
Treasury Secretary Jack Lew urged Congress on Monday to act quickly to raise the federal debt limit, saying he will run short of cash to pay the nation’s bills by the end of the month without additional borrowing authority.

Enforcement of the debt limit is suspended, but it will come back into force Friday under the terms of a deal lawmakers struck in the fall. That leaves Lew bumping up against the limit in tax-filing season, he said Monday, when he will have far less flexibility to juggle the books and ward off disaster.

Has the 'can' finally reached the end of the road???

Financial world shaken by 4 bankers' apparent suicides in a week
The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand to four in the last week.

Did they know something we don't???

(From an article in The Washington Times written October 25, 2012):

MEANS: U.S. economy on schedule to crash March 2014
America’s fall will take global economies with it

Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.

The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.

...The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.

So while President Obama via John Kerry is threatening Israel with boycotts and divestments, the world may decide to divest from the US dollar???  What irony!  What justice! 

Do the nations have just 30 days to do teshuva or face financial Armageddon? That will bring us to Rosh Chodesh Adar Bet - the real Adar!

Heads up, people!!!


  1. Drudge posted "make an exit plan". It seems those who know Drudge, realize he knows something ... BIG.

    The debt ceiling has to be raised by Friday, or by Feb 28 in order to pay debts.

  2. I was listening to a guest speaker on Andy Dean live- a conservative talk show out of NY? His gues was someone who worked on Wall Street for many many years and he was saying, "Look, the pied piper will come calling. On Wall Street it's always a gamble. You never know until the day you wake up and the money is gone when it will be gone. During WWII people needed a barrow full of money to pay for a loaf of bread. The dollar was useless." (stock market crash, war time etc...)
    He went on to say that it could be in 3-4 years or tomorrow. He thinks it will eventually happen. Some say ten years, while he thinks somewhere between now and about 3-4 years. It is rapidly approaching. He also reiterated that you know when you get to the ATM and it's closed down- money is not there. Things change rapidly. He said with Wall Street that it's unstable and that no one knows- it just happens.

  3. My question is...Why? Why would the Washington Times come to the conclusion that Financial Armageddon would be on March 4th, 2014? Did they post a reason?

  4. This was not the Times conclusion, Dov, but the author's: "Grady Means is a businessman, former assistant to Vice President Nelson Rockefeller and former economist at the U.S. Department of Health, Education and Welfare."

    I don't see how he could have foreseen the decision to delay dealing with the debt limit until end of Feb 2014. Didn't they only decide on that in Aug 2013? However, it is noteworthy that Mar 4th is the first day following the first business day after the Feb 28th debt deadline.

    My best guess is that the US will default and it will take that 24-hr cycle for the world to react.

    And, unless I missed it, no, the article did not explain Mr. Means' rationale for choosing that date.

  5. And Ben Shalom Bernanke and Janet Yellen, oy vey another leftwing Jew, will be blamed. Add in Alan Greenspan from earlier (who was not so leftwing but still a Jew), and we have three strikes and you are out!

    And Stanley Fisher is now going to be the Vice-Chair of the Fed, the office that Yellen just vacated. Add to that a kipah wearing Jew, Jacob Lew, as the Sec. of the Treasury at this time in history, we have a recipe for disaster.

  6. "As Bloomberg noted, much of the blame for the financial problems that we are seeing all over the planet right now is being placed on the Federal Reserve."

    This comes from The Stock Market In Japan Is COLLAPSING

  7. And let's be honest, the half iron/ half clay 11th hornie dude sitting in the Oval Office planned it that way. He put Yellen in the top spot, Stanley Fisher fresh off his job in Israel as her number 2, and Jacob Lew at Treasury. The Little Devil did it that way to set up who will be blamed. Jew, Jew, and Jew. ugh, couldn't see that one coming! wink.

  8. It is if the Satan himself or his Disciple...well close to it, put up an ad, "Useful Idiots Wanted to Fill the 3 Top Economic Spots in the US when the entire shebang is set to collapse!" And then three Jews apply and are welcomed with a smile by the Satan's Disciple. Ugh!!!!

    And Jack Lew redid his scribble called a signature for the $1 to $100 bill. I can imagine Americans wheeling a wheelbarrow of those greenbacks to the supermarket to buy a loaf of bread.

  9. TD,

    Our "friend" in Washington State was suggesting April, 2014, as the crash period.


    More will be revealed...

    Maybe I won't have to bother renouncing my U. S. citizenship after all.


  10. They have condemned themselves. They will begin to know about that this Spring.