I’ve been doing some serious research on cut-offs lately. And what I found out, you wont believe. Cut-offs are planned world-wide. On a scale never seen since the great depression. But MSM mainstream media is still reporting about how the economy is going up? I guess they just do what they’re told..
The thing is, that when an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins. But that’s not the only thing you can see in advance.
Watch the dollar!
If you take a look at the dollar, you can see how the U.S. dollar went on a great run just before the financial collapse of 2008. This is something that has also been happening over the past few months. But some people would have you believe that nobody can anticipate the next great economic downturn and that to try to do so is just an exercise in “guesswork”. But that is not the case at all.
We can look back over history and see patterns that keep repeating. And a lot of the exact same patterns that happened just before previous stock market crashes are happening again right now.
Jobs are getting reduced everywhere you look. And they are disappearing in a scary fast way. (Just take a look at the image below in high-res) We haven’t seen this since the great recession in the United States alone which lasted eighteen months, the longest downturn since the 1930s Depression, was declared over and done as of July 2009. But was it? NO they just solved it temporary with a sort of CPR to save the cash flow.
The economy has been growing, very slowly, since then, and the output of goods and services (Gross Domestic Product or GDP) has returned to pre-recession levels. U.S. corporate profits have soared, but most of the big banks, after being bailed out, have been making piles of money. However, rising production and profits have not been accompanied by the return to work of millions of unemployed people, many of whom have been out of work for numerous months and have little prospect of future employment.
Planned job cuts for April 2016 or ongoing.
For example, let’s talk about the price of oil. There are only two times in history when the price of oil has fallen by more than 50 dollars in a six month time period. One was just before the financial crisis in 2008, and the other has just happened…and is ON GOING’’
As a result of crashing oil prices, we are witnessing oil rigs shut down in the United States at a blistering pace. In fact, almost half of all oil rigs in the U.S. have already shut down. The following commentary and chart come from Wolf Richter.
In the latest week, drillers idled another 41 oil rigs, according to Baker Hughes. Only 825 rigs were still active, down 48.7% from October. In the 23 weeks since, drillers have idled 784 oil rigs, the steepest, deepest cliff-dive in the history of the data:
We are looking at a full-blown fracking bust, and this bust is already having a dramatic impact on the economies of states that are heavily dependent on the energy industry.
Maybe we could save it? But the current political climate/system and brainwash makes that unlikely to happen. People are too much at sleep. It would take a mass movement, capable of forcing action will be necessary for such truly radical change to occur.
I tell you folks, I think we are heading towards something in a scale we never seen before. Because you can’t hold the faulty capitalistic system alive with CPR forever. Sometime you just got to stop. This system has come to its end. And I believe we are going to live to see it happen.