Gerald Celente has put a date on the upcoming stock market crash. When?

[mgray]

Remember you still have the "B" team running most of the trading desks, since late August is summer vacation for Wall St as the kids return from summer camp.

The algos are the largest volume traders on the downside, since equities are breaking moving average thresholds on an hourly basis prompting additional selling.

No computer program will step in to stem the slide, like market makers (people) did in the past.

Equity futures open in 10 hours here in the US. Might see a dead-cat bounce earlier, but Asian markets rule the roost right now in dictating early direction.

Global recession is the rubric for the "panic." China has inflated in GDP numbers for years and everyone went along with it. No the Chinese say growth is slowing, which many take as being a contraction.

Seven to 10% growth in China meant 2%-5%, now 5% growth means -2% is how the thinking goes.

Let's see how it plays out.

[idiit]

bill holter just put out a good interview.

margin calls forced selling on Monday.

$30-$40/bbl oil cannot support the petro $. $ finished.

unless massive plunge protection stock market intervention this weekend the stock markets will have to close monday to stop the carnage.

when the markets reopen ( probably quickly, like 1-2 days) more downside.

the us has no more manufacturing base. we are of no usefulness as paper pushers in the new global economy.

we will become a third world banana republic.

my note: ^ except we ain't got no bananas.

the great global financial reset is imminent; paper currencies that are really nothing but iou's will lose purchasing power of severe magnitude overnight. paper assets paid out via paper currencies will lose purchasing power of severe magnitude overnight.

gold will become very valuable overnight.

my note: jim willie has often said that the financial reset is actually a significant gold revaluation to the upside while fiat and paper assets paid out in paper currency will lose their purchasing power overnight.

https://www.youtube.com/watch?v=80M4daI8tFY

points to remember if confused:

the petro $ cannot be supported by oil priced in the $30's/per barrel (bbl).

the whole world is Greece; too much unsustainable debt. we must go to collateral based economics.

if the underlying asset securing credit loses value the "in debt" party must pony up more assets to secure the credit line. this is called "margin call". the currencies around the world are rapidly devaluing. the stocks are facing a much needed downward correction. commodities are crashing. any of these used to secure credit will force the much dreaded margin calls. happens Monday according to holter.

[idiit]

Why It Really All Comes Down To The Death Of The Petrodollar
Tyler Durden's pictureSubmitted by Tyler Durden on 08/22/2015 20:59 -0

What might not be as clear (on the surface anyway) is how recent events in developing economy FX markets following the devaluation of the yuan stem from a seismic shift we began discussing late last year - namely, the death of the petrodollar system which has served to underwrite decades of dollar dominance and was, until recently, a fixture of the post-war global economic order.

In short, the world seems to have underestimated how structurally important collapsing crude prices are to global finance.

http://www.zerohedge.com/news/2015-0...th-petrodollar

[idiit]

Zerohedge: China Chooses Her Weapons . . . article outlines the economic battle for the next several weeks. ~J

Posted on August 23, 2015

Rightly or wrongly and unlike any western government at this point in a credit cycle, China accepts that a deflating credit bubble is a necessary consequence of a deliberate policy that supports her future plans.

The mini-devaluations were a signal to Washington and the rest of the world that if she so wishes China can dictate the global economic outlook through the foreign exchange markets. China believes, with good reason, that she is more politically and economically robust, and has a better grasp over the actions of her own citizens, than the welfare economies of the west in the event of an economic downturn. Therefore, she is pursuing her foreign exchange policy from a position of strength. And the increments that will now be added to gold reserves month by month are a signal that China believes she can destabilise the dollar through her control of the physical gold market, because it gently reminds us of an unanswered question always ducked by the US Treasury: what evidence is there of the state of the US’s gold reserves?

The strategy therefore changes from less passivity to more aggression over both foreign exchange rates and gold ownership over the next eight weeks. We can expect China to tighten the screw if necessary.

It was always going to be the US that faced a predicament from China’s growing economic power. She has chosen to bluff it out instead of gracefully accepting the winds of change, as Britain did over her empire sixty years ago. Change in the economic pecking-order is happening again whether we like it or not and China will have her way.

https://jhaines6a.wordpress.com/2015...veral-weeks-j/

[idiit]

Shemitah 2015

http://www.silverdoctors.com/shemita...er/#more-57089

Shemitah 2015, the Year of Jubilee and 3-Digit Silver…Putting it All Together!

hoosing to believe or not, we are living in prophetic times. From a prophetic perspective, the exact night of Babylon’s destruction and Belshazzar’s (Nebuchadnezzar’s son) death was predetermined by the God of Israel 2520 weeks (7-years x 7-cycle = 49, 360-day years) in advance when Nebuchadnezzar first destroyed the Temple and stolen the implements. That exact night of Belshazzar’s death and Babylon’s destruction, God wrote ‘MENE, MENE, TEKEL, PARSIN’ on the wall. The very next day the next 2520 week clock started and God has been marking time since. As stated by Solomon… Everything Has Its TIME! – Ecclesiastes 3



The last 2520 week countdown clock began on June 7, 1967 when Israeli recaptured Jerusalem and ends exactly 2520 weeks later, this September 23, 2015 as referenced in our prior article titled ‘$9000+ Gold & $1000 Silver if $1072 holds’ (LINK HERE). The very next day, September 24, 2015, the next 2520 cycle clocks begins…

The last day of the current 2520 week clock beginning in 1967 is scheduled to end September 23, 2015, and on this very day the Pope visits the White House; it is important to note that this exact day coincides with the day of God’s writing on the wall, Babylon’s destruction and Belshazzar’s death… INTERESTING,is this meeting just a coincidence or by God’s design?



We wait and watch for this date and what follows; but our world as we know it is expected to begin to change starting September 24 – 25, 2015 as God’s next 2520 cycle countdown clock begins. What will be the event(s) of September 23, 2015 and the next few days forward?

[Star Wonder]

Here is the latest interview with Gerald Celente:

http://usawatchdog.com/global-crash-...erald-celente/

The problem that I see with all of these economic forecasters is that they have been predicting the financial meltdown for so long that it feels like they have been crying wolf. If they keep on harping about the crash, when it really does happen no one will be listening anymore. One economist, Dr. Paul Craig Roberts, said that the dollar was going to crash, but then later he changed his mind and said it isn't going to crash, because everything was rigged. He said that the powers would step in and do something to save it.

[gripreaper]

Dow futures down 155 points.

[Dennis Leahy]

August 24, 2015?

[Calz]

Pre market as shown on CNN Money (Dow futures now down another 333)

_____________


Dow -333.00 / -2.02%
Level 16,134.00

Data as of 10:51pm ET


http://money.cnn.com/data/premarket/?iid=H_MKT_QL

[ThePythonicCow]

Posted by gripreaper (here)
Dow futures down 155 points.

Posted by Dennis Leahy (here)
August 24, 2015?

... and falling ... down 372 now:

The Shanghai Composite market is currently open (closes in 3 hours 35 minutes), and is now down -8.36%.

[mgray]

Posted by Dennis Leahy (here)
August 24, 2015?

Judging futures markets you are not far off Dennis.

[ThePythonicCow]

~~~

From CNN Money:

Asian markets suffered major losses on Monday, extending a sell off that has touched nearly every corner of the globe.

The benchmark Shanghai Composite opened dramatically lower, shedding 8.4% in early trading. Many companies listed in Shanghai, including some large state-owned firms, fell by the maximum daily limit of 10% within the first hour of trading.

The smaller Shenzhen Composite also declined more than 7.5%.

In Japan, the Nikkei was 2.7% lower in early trading, and Australia's ASX All Ordinaries was down 2.7%. Seoul's KOSPI Composite lost 0.9%. Asian currencies were trading lower against the U.S. dollar.

[mgray]

Which is first:

1) Chinese rate cut or 2) Fed rate hike?

I'll take door number 1

[gripreaper]

Posted by Paul (here)

Posted by gripreaper (here)
Dow futures down 155 points.

Posted by Dennis Leahy (here)
August 24, 2015?

Posted by Calz (here)
(Dow futures now down another 333)

... and falling ... down 372 now:

Holy Shemitah Batman! Down 389.... 426

[ThePythonicCow]

Martin Armstrong has a critical (in my estimation) observation on his blog:

This decline we warned about from the May high was NECESSARY to scare capital causing it to rush back to government paper at negative interest rates. That will complete the bubble for this wave.

This is not an across the board, everything fails, crash. Rather it is a market move from stocks, lower grade bonds, commodities, and anything else that can be exchanged ... for US Treasuries and the like ... which will drive the yield on Treasuries negative, which is what happens when you pay more for the bond than it will return.

The biggest bubble of all, government, will enter it's final topping.

[ThePythonicCow]

For example, consider commodities: Bloomberg's Commodity Index Just Hit A 21st Century Low.

Or consider the number one commodity of our times, oil: Crude Snaps Below $40.

Or consider global shipping, as reflected in the cost of shipping: Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks.

On the other hand, the benchmark Ten Year US Treasury Note: 10Y Slides Back Under 2%, Precisely What Goldman Said Could Not Happen. The more you pay for a bond, the less additional "interest" its predetermined repayment terms will be worth to you.

[idiit]

bloody monday in asia.

here's an interesting perspective:

Choosing to believe or not, we are living in prophetic times. From a prophetic perspective, the exact night of Babylon’s destruction and Belshazzar’s (Nebuchadnezzar’s son) death was predetermined by the God of Israel 2520 weeks (7-years x 7-cycle = 49, 360-day years) in advance when Nebuchadnezzar first destroyed the Temple and stolen the implements. That exact night of Belshazzar’s death and Babylon’s destruction, God wrote ‘MENE, MENE, TEKEL, PARSIN’ on the wall. The very next day the next 2520 week clock started and God has been marking time since. As stated by Solomon… Everything Has Its TIME! – Ecclesiastes 3



The last 2520 week countdown clock began on June 7, 1967 when Israeli recaptured Jerusalem and ends exactly 2520 weeks later, this September 23, 2015 as referenced in our prior article titled ‘$9000+ Gold & $1000 Silver if $1072 holds’ (LINK HERE). The very next day, September 24, 2015, the next 2520 cycle clocks begins…



The last day of the current 2520 week clock beginning in 1967 is scheduled to end September 23, 2015, and on this very day the Pope visits the White House; it is important to note that this exact day coincides with the day of God’s writing on the wall, Babylon’s destruction and Belshazzar’s death… INTERESTING,is this meeting just a coincidence or by God’s design?

http://www.silverdoctors.com/shemita...er/#more-57089

good bye fiat. hello precious metals. hi ho silver!

[idiit]

Panic!! All Major US Equity Indices Halted
08/24/2015 09:24

Nasdaq was the first to be halted at 0758ET.

The Dow is now down 850 points from Friday's close and halted...

The S&P 500 Futures is halted for the first time in history

^ who'd a thunk it?

[gripreaper]

Market opens down 535 points on the Dow and quickly falls down 882 points in the opening minutes.

The S&P 500 Futures is halted for the first time in history.

[Calz]

... a bit of blood being spilled here as well (although I don't think this is "big one" ... they make much more money bouncing things around).

Dow -975.56 15,484.19 -5.93%

Plunge protection team must have slept in today ...


*adding*


Ooops ... there they are ...


Dow -607.56 15,852.19 -3.69%