Why The Crash of 2016 Will Happen...

[Taco]

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.

[Ghost]

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[jamesbond]

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.

[Taco]

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

[Contrarian Expatriate]

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.

[jamesbond]

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.

[Taco]

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/

[Devil Dog]

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]

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

[Taco]

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

[MattHanson1990]

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.

[jamesbond]

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

[Taco]

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

[Taco]

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...

[Taco]

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