Economic Collapse Happening Now-Rob Kirby

3bBy Greg Hunter’s USAWatchdog.com  (Early Sunday Release)

Macroeconomic analyst Rob Kirby’s predictions of a downward spiraling economy are coming true. Kirby contends, “I think the last time we spoke, it was in early December. I suggested that a window was opening where we were very likely to see some systemic breakdowns in our financial universe to likely start occurring. Low and behold, it looks like we are seeing the beginnings of exactly what we were speaking of. The reason why we are beginning to see these things start to unfold now is that everything we’ve been told by our financial elites . . . has basically been a lie or a false flag or fraudulent.”

One of the many lies Kirby points out is the Fed’s recent rate hike because the economy had improved. Kirby disagrees and says, “My analysis says nothing could be further from the truth. . . . U.S. dollar reserve holdings have dropped close to $1 trillion in the last eight or nine months, and that’s on a global scale. What happens when reserves drop means that foreigners have been selling U.S. government securities. They are abandoning the dollar, and if foreigners are abandoning the dollar, the question is who’s buying them? The answer to who is buying the reserves is the U.S. Treasury itself. Specifically, it is the Exchange Stabilization Fund (ESF) within the U.S. Treasury.”

Kirby goes on to explain, “Because the ESF is buying all these Treasuries that foreign countries are pitching . . . with off-book money these Treasuries do not show up in reserve accounts. This creates a real dichotomy. You’ve got these global U.S. dollar (USD) reserves dropping, but you have this illusion or gimmickry of a strong dollar. Remember, the dollar has been strengthening for the last 9 months. The dollar can’t keep getting stronger if the world is bailing on dollars. The drop in the USD reserves doesn’t support the narrative of a strong dollar. So, something had to be done to put reserves back into the system. . . . The Fed had to give the illusion of tightening and tighten once. . . . This is their attempt . . . to make their narrative sound believable that the dollar is strong and the world isn’t abandoning U.S. government securities.”

Kirby contends that a collapse isn’t coming but is “already happening now.” Kirby explains, “I believe we are in the process.” How has this financial collapse been put off so long? Kirby says, “I have been known as a conspiracy theorist, a tin foil hat wearing conspiracy theorist for the last ten years of my life because I said the markets are rigged. Now, a former Fed President has come out and said ‘yes, we rigged the markets.’  So, how are you left? Of course, they have rigged the markets, and the sad thing is the rigging is going to get more extreme because these people are acting and operating like cornered rats. Cornered rats are very, very dangerous animals and can inflict a lot of damage. . . ”

On physical gold and silver supplies, Kirby says, “Gold and silver are not as loved here as in the Asian countries. It’s relatively more plentiful here, but that can all change in a very short period of time. At some point, the available stocks in the West will disappear, and when they start to disappear, it will seem like a bolt of lightning coming out of the clear blue sky because they will be gone in no time.”

What is Kirby’s prediction for the price of gold and silver by the end of 2016? Kirby boldly says, “I think it could be many multiples of the price right now.” What do Kirby’s billionaire contact say? Kirby reports, “They say they think we are very close to the end. I don’t want to see the end because it’s not going to be a happy day, not for me, not for you—not anyone. It’s going to change the way we live–dramatically. . . . The rate of these seizures in the equity markets are likely to quicken and intensify. Future rate hikes are off the table.”

Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.

(There is much more in the video interview.)

After the Interview:

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Comments
  1. Jim Taylor

    YESS! I have been looking forward to the Sunday Release all weekend. Can’t wait to view it once its up 🙂

    • Cole Davis

      Thank you, thank you Greg. You are doing a great service to those of us who are preparing for what is to come. Paradoxically your interviews bring peace amidst the economic calamity which is being/will be visited upon America, and yes, the world. I have been trying to educate and warn people about what is coming, but many are victims of self-protective normalcy bias. I fear for people, not only because life as we/they know it is coming to an end, but because they know not the Lord. Blessings to you.

      • Chip

        Recommend you suggest they watch this from a real constitutional scholar…

        https://www.facebook.com/steve.worthington.5/videos/1095509033813431/

        Greg, you should get this woman on your show… Chip

      • Tod Mills

        “Paradoxically your interviews bring peace amidst the economic calamity which is being/will be visited upon America”

        In this interview (https://www.youtube.com/watch?v=iXbrVA3-WZ4) with Doug Casey from October, 2011, he expresses concerns about 13-15 minutes in that our collapse has a good chance of somewhat resembling France of 1793, with lots of violence culminating with an emerging dictator. (whole interview is great, on par with Greg’s work but mostly on somewhat different topics).

        One big thing I see, though, is that in 1793, there were a lot more small family farms. Here in the US, nearly everyone is greatly at the mercy of the “system”, and that bodes very poorly for us.

  2. Thomas

    Good interview, Greg. Thanks.

  3. tulip

    gold will go no bid for the U.S. dollar….can you please explain?
    that would appear a long time away….(TPTB can rig….till the cows come home…)
    Thanks Greg

    • Greg Hunter

      Tulip,
      Holter is predicting that at some point no one willing to sell gold for dollars. The Federal Reserve Note is a debt instrument thus the term “note.” Dollars are debt and debt is either repaid or defaulted on. Only two outcomes are possible with debt.
      Greg

      • Bobby

        ” gold is not money” martin armstrong. I personally have tried to buy using gold and silver, NO Takers. So what will one be taking in trade for their gold?

        • Greg Hunter

          Bobby,
          You’re an idiot. Go away.
          Greg

          • Jim Taylor

            Nice! Greg you show that turd whos boss 🙂 +1 for Mr. Hunter

          • Bobby

            Greg, I have been involved with gold and silver before you were born. Yes I was an idiot when i thought like you.

            • Greg Hunter

              Bobby,
              You are still an idiot. Go away.
              Greg

            • Darryl

              Bobby, Notice how people ridicule you, but you never ridicule them? The one doing the ridiculing is always in the wrong… Although you made it easy for them, by making too broad a statement. If you put it like this: Gold will fall to $250 an ounce, before bouncing back to $700, then you are saying gold will continue to have some value, although not as much as most hoarders think…
              The super-rich have most of the gold, and if they want to manipulate the price downwards, to collect even more, they will… They can flood the market, whenever they want, and when panic sets in, they can quietly buy it back, for less. The man with the most gold, gets more gold, and the man with less gold, gets less… because like attracts like: Note the parable about the talents…
              Saying gold will become totally worthless, is saying the economy will go to zero, for everyone, so mankind will become barbarians, all over the world. It is going to fall slower than that, so many people will remain rich enough, to keep gold’s value at some reasonable point… But sadly, after the coming nuclear war, your prediction will be spot on, hence all the ridicule…

          • Bobby

            Gold is dead as a monetary unit. Get over it.

            http://www.armstrongeconomics.com/archives/30779

            • red

              That statement is only true if you don’t own one ounce, so tell me you don’t own one ounce…..heeheee. There is’ always hope you know lol…..

          • Brian

            Greg.
            Been watching you a long time. This comment by far is the best one you have written. Lol, short and sweet and to the point! Seriously, thanks for all your hard work

          • brian

            Well now hold on, this guy does raise the point that there are a lot of people in this country that have been conditioned to believe gold and silver are not money, and it is going to take a lot to unwind that nonsense; just as it will take a lot to get those same people to understand that we do not have a functioning government, but have instead a predatory carnival of deviant fiends and scumbags taking whatever opportunity available to them to profit off of the misery and loss of others.

            We really are left with only a few general ways of looking at things when we take account of what has been going on here. Either a vast majority of Americans are stupid and gullible, either a vast majority of Americans are amoral and cowardly, or that a vast majority of Americans have been simply overwhelmed by a wide sweeping, deep seated and directed effort to guide their thinking, shape their opinions and control their perspective on a great many things, with television being the primary tool by which this has been done to them.

            • Mark Maples

              I think most thinking Americans feel helpless as the slow dip into mediocrity continues

            • RTW

              George Carlin said it best: “It’s a big club, and we ain’t in it. You and I are not in the big club. By the way, it’s the same big club they use to beat us over the head with all day long when they tell us what to believe, what to think, and what to buy. The table is tilted, the game is rigged, and nobody seems to notice, nobody seems to care. Good honest, hardworking people continue to elect these rich bloodsuckers who don’t give a f**k about them at all….Americans will probably remain willfully ignorant of the big red, white and blue d**k that’s
              being jammed up their asses every day.”

              • frederick

                Carlin was one of the good guys as was Aaron Russo and way ahead of their time

              • Faith

                RTW: which is why some of us have chosen to opt out. Screw them. Frankly, my dear, I don’t give a damn.

                • RTW

                  You can’t help but be cynical of the entire system these days. Some pundits opine that Obama and the democrates desire and strive for a “one party system.” Events show us that we are already there. The lines are so burred, it’s like watching the beginning of the old “One Step Beyond” show. Whether they have an “R” or a “D” before their name in inconsequential… they march to the beat of the same band.

                  • anymouse

                    It is a one party system..The Council on Foreign Relations..The Union of the Elite and Politically powerful. The leadership of both parties are members. Soros brought Obama to be figurehead, and Biden watches him. Look over their membership list–google it. They own the Banks that own the FED, they own the Main Stream Media, They have the controlling members of the Govt.

            • Madamarcati

              In regard to your last ob