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Why The Crash of 2016 Will Happen...

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Taco
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Why The Crash of 2016 Will Happen...

Post by Taco » January 8th, 2016, 6:11 am

I haven't read this book but I do believe the premise behind it. There will be economic turmoil before the next US Federal election on November 8, 2016 to sway the opinions of voters. The trigger event is likely to be sub $30 oil prices. This will cause Saudi Arabia to depeg from the petrodollar. The price of oil is now below the low of the 2008 financial crisis.



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Ghost
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Re: Why The Crash of 2016 Will Happen...

Post by Ghost » January 8th, 2016, 3:30 pm

Who cares about a crash? I'm still waiting for the damn meteor.

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jamesbond
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Re: Why The Crash of 2016 Will Happen...

Post by jamesbond » January 8th, 2016, 4:09 pm

Even though the job numbers that just came out this morning show 292,000 jobs added in the month of December, I read that a lot of those jobs were seasonal jobs and temporary jobs (with no benefits).

We still have the lowest labor participation rate since 1978.
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."

Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 9th, 2016, 10:20 am

jamesbond wrote:Even though the job numbers that just came out this morning show 292,000 jobs added in the month of December, I read that a lot of those jobs were seasonal jobs and temporary jobs (with no benefits).

We still have the lowest labor participation rate since 1978.
Here's what they don't tell you...

Multiple Job Holders Artificially Boost "Full-Time Employment"
http://globaleconomicanalysis.blogspot. ... boost.html
“Every time a President leaves the White House after two terms, there is a recession within the next year"

Contrarian Expatriate
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Re: Why The Crash of 2016 Will Happen...

Post by Contrarian Expatriate » January 9th, 2016, 11:42 am

Robert Kiyosaki lays out another case for 2016 being the year of the crash:

https://www.youtube.com/watch?v=ZiENFvvZQVc

Kiyosaki is the first person I have seen notify people that 2016 is the year the oldest baby boomers turn 70, the age when you MUST withdraw IRA and retirement funds. This is they key fact most people miss that will lead to a tanking of the equity markets.

I don't think that Saudis will unilaterally leave the petrodollar for a couple or reasons. First, there are international agreements to which they are a party that they cannot just walk away from. Also, they would doom themselves to the abyss by departing from the petrodollar and in effect, they would be locking themselves out of the world oil market.
Last edited by Contrarian Expatriate on January 11th, 2016, 3:21 am, edited 1 time in total.

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jamesbond
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Re: Why The Crash of 2016 Will Happen...

Post by jamesbond » January 9th, 2016, 1:00 pm

Contrarian Expatriate wrote:Robert Kiyosaki lays out another case for 2016 being the year of the crash:

https://www.youtube.com/watch?v=ZiENFvvZQVc
He predicted the crash of 2008, so I wouldn't be surprised if in 2016 there is another crash.
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."

Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 9th, 2016, 11:43 pm

Trading was halted twice this past week on the Shanghai Composite to prevent it from crashing, $2.5 trillion of wealth was wiped out in 6 days. By comparison, a Shanghai market correction in July, 2015 saw $3 Trillion evaporate in 3 weeks.

China contagion has wiped $2.5 trillion off stocks in 6 days
http://business.financialpost.com/inves ... er-opening

Get Ready For A Market Crash In 3-6 Months
http://www.munknee.com/get-ready-stock- ... heres-why/

A Perfect Storm Is Coming To Global Stocks In 2016
http://www.munknee.com/a-perfect-storm- ... s-in-2016/

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Last edited by Taco on January 10th, 2016, 12:57 am, edited 2 times in total.
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Devil Dog
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Re: Why The Crash of 2016 Will Happen...

Post by Devil Dog » January 10th, 2016, 12:05 am

jamesbond wrote:
Contrarian Expatriate wrote:Robert Kiyosaki lays out another case for 2016 being the year of the crash:

https://www.youtube.com/watch?v=ZiENFvvZQVc
He predicted the crash of 2008, so I wouldn't be surprised if in 2016 there is another crash.

That's nothing. taco predicted the Crash of 2008, the Crash of 2009, the Crash of 2010, the Crash of 2011...

Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 10th, 2016, 6:55 am

Contrarian Expatriate wrote: I don't think that Saudis will unilaterally leave the petrodollar for a couple or reasons. First, there are international agreements to which they are a party that they cannot just walk away from. Also, they would doom themselves to the abyss by departing from the petrodollar and in effect, they would be locking themselves out of the world oil market.
Saudi oil companies need $15/barrel to break even but the Saudi government needs $100/barrel to balance their budget. At the current price of $32/barrel the Saudi government will have to cut tons of social programs will send the masses rioting in the streets. So, to distract Saudi citizens from the impending financial crisis the government has started a war with neighboring Yemen after which they beheaded a Shiite cleric in an effort to start another war with Iran. One would think that would send the price of oil rocketing to the moon but the opposite has happened. Supporting the petrodollar won't help Saudi Arabia this time.

European countries are also broke and its not exactly a secret. However, most people don't know EU bank bailins take effect January 1, 2016. So its no surprise the EU flooded the continent with raping refugees to distract Europeans from being robbed by the banks.

China has spent all its money and its exports are crashing, a fact it won't be able to hide for much longer. So to distract Chinese citizens it blames all its problems on Japanese soldiers from WW II and Taiwan and the Philippines Spratly Island dispute.

Low oil prices, Bank bailins, crashing exports and stock markets are all joining together to create the perfect shit storm. Central banks around the globe have created the biggest financial bubble in world history. The social and political implications of this bubble bursting are even more dangerous than the financial consequences.

Saudi Arabia’s Fiscal Break-Even Oil Price to Be Around $100 US
http://www.resilience.org/stories/2015- ... ble-future

January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
http://www.activistpost.com/2015/12/jan ... urope.html

What Really Happened In 2015, And What Is Coming In 2016…
http://theeconomiccollapseblog.com/arch ... ng-in-2016

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Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 11th, 2016, 2:39 am

Contrarian Expatriate wrote:Robert Kiyosaki lays out another case for 2016 being the year of the crash:

https://www.youtube.com/watch?v=ZiENFvvZQVc
Kiyosaki, mentions in the video Russia was kicked out of the G8 which means a war is going to start with Russia. I would have to agree with him. Russia is experiencing massive currency devaluation which will soon cause rioting. In addition, low oil prices caused the end of the Soviet Union and it will be a factor in the next conflict.

G8 Becomes The G7 As Leaders Kick Russia Out
http://www.dailymail.co.uk/news/article ... z3wtXG0udx

The Russian Economy Is Cracking, "Social Unrest" Coming In "A Few Months", Official Warns
http://www.zerohedge.com/news/2015-12-2 ... cial-warns

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MattHanson1990
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Re: Why The Crash of 2016 Will Happen...

Post by MattHanson1990 » January 11th, 2016, 3:52 am

Ghost wrote:Who cares about a crash? I'm still waiting for the damn meteor.

I'd like to get out of the US as soon as possible before the crash happens, and I heard that it'll be much worse than 1929 and 2008.

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jamesbond
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Re: Why The Crash of 2016 Will Happen...

Post by jamesbond » January 11th, 2016, 11:39 am

Here is a recent video where Peter Schiff is being interviewed and he talks about what he expects to happen in 2016.

"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."

Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 12th, 2016, 12:52 am

Harry Dent claims gold prices don't rise in a deflationary crisis and only rise in an inflationary crisis. However, we're supposed to get deflation first and then massive inflation shortly afterwards.

The Financial Crisis Of 2016 Rolls On
http://theeconomiccollapseblog.com/arch ... e-to-crash

RBS Cries Sell Everything As Deflationary Crisis Nears
http://www.telegraph.co.uk/finance/econ ... um=twitter



“Every time a President leaves the White House after two terms, there is a recession within the next year"

Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 13th, 2016, 1:57 am

MattHanson1990 wrote:
Ghost wrote:Who cares about a crash? I'm still waiting for the damn meteor.

I'd like to get out of the US as soon as possible before the crash happens, and I heard that it'll be much worse than 1929 and 2008.
Iran is trying anything to get the price of oil to go up. A war between Iran and Israel(or the US) is one of the signs its time to run and it may have just started.

Iran holds 10 U.S. sailors; White House expects prompt return
http://www.reuters.com/article/us-usa-i ... I920160112

Crude Falls Below $30 A Barrel For The First Time In 12 Years
http://www.bloomberg.com/news/articles/ ... e-dec-2003

among other things...

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Taco
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Re: Why The Crash of 2016 Will Happen...

Post by Taco » January 18th, 2016, 5:36 pm

The number of barrels of oil that a single ounce of gold can buy has never, ever been higher.

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