Repeat of 2008 Financial Crisis Coming-Only Worse-Peter Schiff
By Greg Hunter’s USAWatchdog.com
In Monday night’s first Presidential debate, Donald Trump criticized the Federal Reserve’s handling of the economy and warned, “. . . if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble.” Money manager Peter Schiff explains, “Trump says if we raise rates, a lot of bad things are going to happen. Then, he criticizes the Fed for keeping rates low. So, which is it? He’s trying to have his cake and eat it too. What Trump has to explain is low interest rates don’t help the economy. Low interest rates are one of the biggest headwinds to the economy because all they do is inflate asset bubbles and prevent legitimate economic growth. Donald Trump has to explain that rates have to go up, and when they do, it’s going to burst the bubble, and it’s not going to be fun. If we are ever going to have a real recovery that’s going to produce a higher standard of living and good paying jobs . . . we are going to have to let this bubble deflate. That means raising interest rates, and we are going to have to live with the consequences. That means a collapsing stock market, a collapsing bond market, a collapsing real estate market and failing banks. It’s a repeat of the 2008 financial crisis–only worse.”
So, how bad is it right now? Schiff contends, “We’ve got to come to terms with the fact that we are broke. We borrowed more money that we can ever repay, and in the process, we have created a phony economy. We have created a service sector economy. We have enormous trade deficits, and they don’t result from bad trade deals. NAFTA is not the reason why we have these trade deficits. It’s the Fed. It’s the artificially low interest rates and the fact that we don’t have our own savings and investment capital. It’s because of excess regulation and excess taxes that Hillary Clinton has promised to double down on. . . . We can’t raise interest rates without pricking the bubble. We can’t have the gain without the short term pain, but, politically speaking, nobody has the stomach for that pain. So, we never get the gain.”
Schiff thinks that big inflation is in the cards for struggling Americans. Schiff explains, “This is going to be a rude awakening for the average American when he finds out how broke he really is. . . . Whether it’s double or triple or how long it’s going to take, prices are going to go way up. Eventually, going to Walmart is going to be like going to Neiman Marcus. Prices are going to be very, very high, and that means Walmart is not going to selling as many products in America. This also means that Walmart is not going to need to employ as many Americans. So, there’s going to be a lot of layoffs.”
On the Fed’s huge multi-trillion dollar bond portfolio, many years ago, Schiff predicted the Fed could not sell anything and only buy more bonds to prop up the markets. Schiff adds, “Here we are in 2016, and not only has the Fed not sold a single bond, every bond that has matured has been rolled over. Every dime of interest they earned has been used to purchase more bonds. So, they are trapped in the very monetary roach motel they were trapped in from day one.”
Join Greg Hunter as he goes One-on-One with three time best-selling author Peter Schiff, founder of both Euro Pacific Capital and Schiff Gold.
After the Interview:
You can find Peter Schiff’s books on the Schiff Radio site by clicking here. Mr. Schiff’s YouTube channel is here, and, of course, you can get lots of free information on SchiffGold.com and Europac.com.
Thats exactly why people need to diversify to non dollar assets as much as possible Gold Silver foreign real estate and currencies perhaps I think we will have deflation followed by hyperinflation
Another reason to deverse to non dollar assets:
Russia will flatten any aggression.
Exactly correct – deflation followed by hyperinflation.
Wish more emphasis would be placed on this.
Also – would like to hear more about negative interest bank accounts as well as outlawing cash..
KWN just posted Rob Arnot – and he addresses this.
Peter has been saying this for years. The dollar will continue to strengthen when the banks of Europe collapse. So take a break, and revisit in ten years.
Despite what Donald Trump says, we really can learn a lot from his tax returns — even from the partial ones made public by The New York Times.
The major takeaway from the three pages of Trump’s 1995 returns that the Times made public is that Trump is right when he says the system is rigged. What he doesn’t say is that it’s rigged in his favor and in the favor of people like him — and against regular people, those of us who earn money, pay income tax on it, and financially support the country in which we live.
To keep things relatively simple, I’m telling you what I see in Trump’s returns, based on my decades of experience parsing financial filings. I will try not to get bogged down in numbers and technicalities.
Sure, the $900 million-plus of losses reported by the New York Times — losses that could be used to offset income for a total of 18 years — are totally shocking. Legal, yes. But shocking.
But there’s something I consider even more shocking — although it involves a much smaller number.
Peter lays it out for all to see and hear. If they want to.
That’s the problem. Most don’t want to hear the straight ugly truth.
Until that moment comes when it cannot be ignored any longer.
It’s going to be like taking a really bad tasting medicine.
Either you “manup” and take it, or you die.
To do this, the country must be a solid united force. It’s not. Far from it.
That’s why this coming calamity will be not just bad, but very bad.
Yet some still insist on believing that things have to get better, they can’t get any worse.
Just because things can’t get worse, is no reason to believe they can’t get any better.
They might just stay the same.
Who says things can’t get any worse?
They just might get worse, before they get much worse.
So bad in fact, that it would be all downhill.
Let’s not pretend we have a choice, that will prevent another catastrophe.
Only the timing is in question.
Outlookingin its called denial and it seems to be the American way to deal with things I suffered from it myself for along time actually Of course Peter is correct and those in denial will get clobbered If I had taken his advice in December when gold bottomed I would be in far better shape financially since I waited till gold was 1275 to buy My wife was listening to bankster shills on Bloomberg claiming gold would collapse to 800 or lower and she is extremely risk averse
Denial it seems is the American way to deal with things … this is why sleazy neocons in the US(NATO), Saudi Arabia and Israeli can use all types of treacherous cloak and dagger tactics to achieve their greedy objectives … just look at 9-11, Iraq, Afghanistan, Ukraine, Libya, Yemen and what they are currently doing in Syria, etc. … they want to carve up the world’s treasures “for themselves” by using the legitimate Government of the American people “for private gain” (exactly what Hillary does with her Charity) … globalists (evil traitors of humanity) have taken control of many legitimate Governments (and their Military’s) and are using those governments for “personal gain” … they must be exposed and unveiled … what they did on 9-11 and what they are currently doing in Syria, Yemen, Ukraine, etc. should not stand … the wanton killing of innocent women and children to achieve their goals is simply a means to an end for them … they are insanely evil … these globalist neocons will destroy God’s planet in a nuclear WWIII if they have to to achieve their “personal goals” of unjustifiable greed … neocons within the Pentagon strongly oppose any ceasefire in Syria … well they better know that once Trump gets in any insubordination or refusal to follow the orders of the Commander-in-Chief to cooperate with Russia to destroy ISIS will be grounds for treason … the US Military is currently in violation of International Law by sending ground troops into Syria (and effectively being the ISIS Air Force) … we must elect a man (Trump) to take back control and bring morality and justice back to our Nation … this requires the unveiling of the total truth (about pay to play, 9-11, the Fed and banker theft of our purchasing power, etc., etc.) … the neocons are hell bent on destroying our planet physically and monetarily for “personal greed and profit” … they must be stopped by a man (not a woman who by her own admission takes orders from globalist men) … luckily for us the neocons have already run up against a man who has the guts to stand up to them … Putin … he has had enough of these “greedy demons” and has now changed the rules of engagement in Syria … the gloves are off … Russia will shoot down “any” aircraft (US, NATO, Saudi, Israeli, etc.) threatening Syrian forces!
Very clear and I would say, accurate summation of the economic lay of the land. The many voices of guests are beginning to coalesce. It looks like things are coming to a head.
Charles H, I say bring it on………I’m tied of waiting.
Courage is never out of style, or too abundant. It can be spent all at once, like in “it’s a good day to die”; or slowly – as ‘a cool thinking head can save not just himself, but others’. I EMPATHIZE, I assure you. I, myself, prefer to wait until someone else “pulls the pin”, before all the knives come out. Situational awareness – yeah, that’s the ticket.
Well said. I am prepared for action. But call me a reluctant gunslinger. I’ll respond to others actions but I am not eager for the kind of trouble coming. People that are eager for trouble to come may find that they are not as ready as they thought.
FC, that’s the classic symptom of “Prepper’s Fatigue”.
The prescription for symptom relief is: End-Times Prophecy.
The books of Daniel and Revelation, taken along with Ezekiel chs. 37-39, Matthew ch. 24, Mark ch. 13 and Luke ch. 21 will greatly alleviate your suffering.
PS is a Super intelligent man and brave to boot!
I am a big Peter Schiff fan. I even blogged that Trump should pick Ron Paul or Peter Schiff as his running mate before. Still I don’t think Trump can go around and explain the reality to that degree to the average voter. He has to get elected and talking like Peter Schiff makes sense to the sensible but most Americans most voter’s are senseless and can’t comprehend or want to see the reality of it.
I believe this is a key reason Trump stays vague and down-plays specifics. I believe he fully understands the bubble economy and need to raise interest rates but in a debate, he can’t explain it in depth as most people have no clue whatsoever and it would cost Trump any chance of winning votes. Wall street, the establishment, and the media would destroy him as they did to Ron Paul and even Ross Perot to some degree.
I think it’s probably too late to save the economy but agree that rates will have to be raised just as Peter Schiff says but some measures would need to be put into place first or the pain would be to great I don’t think the country could survive it.
In some of Trump’s speeches he has cringed at the thought of winning and having to deal with the mess at hand. He is ticked off that the FED protects Obama and Hillary just as they would protect any career establishment politician. This is exactly why Romney was selected by the king maker’s over Ron Paul. This is probably also why Romney hates Trump so much as well as the Bush family and many others. If Ron paul had won the nomination the same smear campaign would have intesified just as it has against Trump. Ron Paul simply didn’t get Republican nod and Trump was able to.
The establishment and especially this administration… and Hillary could care less about the sustainability of this country running via a sound fiscally responsible economy.
Trump mentions the debt and how political the FED is which is true but they have also trapped themselves into a corner and are losing credibility fast by not raising rates but when they do, it will likely destroy this country unless certain measures are put into place. I think this is Trump’s plan before he would have the interest rate hikes. The house of cards will fall soon….. and the establishment would probably find some consolation in having it happen under a Trump administration.
So I have watched Trump and know he stays vague for certain reasons. The people can’t handle the truth…. at least not until he gets things in place to counter the immense pain it will cause.
I think Trump knows how bad it really is and we are out of options….. so he believes the only way interest rate hikes can work without imploding the whole country is if he cleans house first and gets things in order.
His Corporate tax plan for lowering it from 35% to 15% may re-pat (sp) over $2T of off-shore holdings which will help (a little)…. and could also incentivize companies and hopefully manufacturing here. Trump is a builder and this is how he thinks regarding growth and jobs. He is right too if its not too late.
I think Trump will combine this with massive government waste reduction, across the board spending cuts, cleaning shop of the corruption and donor class politicians who won’t work to better the country, along with the good and fair trade deals…. he plans to get all of this in place and THEN start the interest rate increase process. I tend to agree we wouldn’t survive interest rate hikes as a first step at this point… we no longer have that option.
Like I said, I think it’s too late to fix but if Trump does this the process could very well be a little less painful and we could actually pull it off. This is why I saw Trump from day one, as the ONLY one who “might” do the right things needed to slow the bleeding and have a rats as of a chance of the fix that Peter Schiff talks about via raising interest rates.
I believe Ron Paul could have as well but the establishment and media was successful in destroying his chances just as they sure tried with Trump but he still stands. Even Peter Schiff was the sound choice when he ran but talking sound money to most Americans is like speaking Martian to them. So Trump stays vague but I truly believe these are the measures he will take. He will also spend as well but see’s such spending as a result efficiency of government and job growth that can sustain such spending.
If I am wrong about him, all I can say is that no one else with the exception of perhaps Ron or Rand Paul would even begin to try. Trump may not either but is the only choice compared to any of the politicians.
I vote Trump and perhaps his daughter Ivanka can be our first female president in 8 years…..haha ….. if the Donald can pull this rabbit out of his hat by getting elected and then a dove by fixing this mess. He has defied all odds so far that’s for sure.
Rich I used to think like you but I now doubt Trumps sincerity Hillary is worse of course so there you have it the lesser of the evils thing again like with Bush and Gore
It’s like – the Presidency is a brass-ring for the ego. It stopped long ago being a place to serve our nation.
Grand-slam interview Greg! Great insight RichM. I agree 100%!
I have been saying for awhile that Trump is a history maker, like him or not. very few people in history have that star quality, what one of my teachers would describe as the sheer strength of will to chang what’s in front of him and around him and influence people so strongly. Whenever the mainstream attempts to tear him down, he becomes stronger. I wish he would have demolished Hilary in the debates, and wondered when he didn’t take her task the entire time, if he was in fact playing the long game as he has two more and most people have already made up their minds.
All of this is to say, to echo Richard, in my opinion, Trump has the ability to right the ship and save America from going completely down. When faced with the impossible, he has the best shot of rising to the challenge. I think most Americans see this intuitively well, even if they object to his former ways of being.
I agree with your comments. Everyone always says they want specifics but when a candidate gets specific his opponents take potshots at them and the average voter zones out because they don’t understand what is being talked about or they just don’t have the attention span to think things through. It’s just like the news; 20 second sound bites that many times give you an impression that is just the opposite of what the reality is. We like slogans. We like zingers. That’s how winners of “debates” are determined, who got the best one liners in. Don Rickles should run for president. The problem Trump faces is that things are rotten to the core. You know the old adage, you can’t make chicken salad out of chicken #!*@. If Trump does get elected and attempts to do the right thing we will have some pain, probably a lot of pain, at which point the opposition party and the press would place the blame of all the world’s evils on the president’s head. It’s a lose, lose proposition.
I never heard ‘the Chicken Salad saying’ – it make me laugh out loud! Like the electric fence gag in Jurassic Park: “That was great!”
I know your so spiritual your no earthly good, that’s why we need your prayers at such a time as this!
Pray for the Donald, that he might be the one God uses to get us out of this jam and make the transition into Jesus’s 1,000 year kingdom reign, just that more comfortable. . .
Paul wrote in 1 Timothy 2:1–4, “I urge, then, first of all, that petitions, prayers, intercession and thanksgiving be made for all people—for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness. This is good, and pleases God our Savior, who wants all people to be saved and to come to a knowledge of the truth.” God told the Israelite’s in exile to pray for Babylon: “Seek the peace and prosperity of the city to which I have carried you into exile. Pray to the LORD for it, because if it prospers, you too will prosper” (Jeremiah 29:7). Romans 13:1 says, “Let everyone be subject to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God.” Paul requested prayer “for all the Lord’s people” and for himself that he would speak the gospel boldly (Ephesians 2:18–20).
Prayer is important. And it seems the Bible makes special mention of praying for those in positions of authority or who they are. Such authorities include government officials (international, national, and local) and pastors, church elders, school boards, school principals, employers, and the like.
We do not pray for our leadership simply because we are commanded to. Praying for it makes practical sense. Our leaders affect the conditions we live in and have an impact on our families, our churches, our workplaces, our cities, and our countries. When those in authority are obeying the will of God, it is easier to “live peaceful and quiet lives in all godliness and holiness” (1 Timothy 2:2). When evil men are in authority, our prayers for them are just as needed, as illustrated by William Tyndale’s last words as he was being burned at the stake: “Lord, open the King of England’s eyes!”
I have a question maybe someone can explain…. When Peter Schiff says…. referring to raising rates and deflating the bubble he said….
“That means raising interest rates, and we are going to have to live with the consequences. That means a collapsing stock market, a collapsing bond market, a collapsing real estate market and failing banks.”
I always thought the banks want interest rates raised but the stock market, etc. does not? Jamie Dimond was even out there 2 weeks ago yelling and Yellen about how she needs to hike rates. Also, in the 2008 crash, interest rates were being lowered at that time and that was part of the reason for the Lehman bank failure which triggered the whole crash… The result being many more bank failures (because they didn’t raise rates) as well as the markets and the Fed lowered them ever since. Then the bail-out to save the banks and the QE which propped up the markets. To me I see this as no more than a scheme to steal trillions out of the markets.
So if there were rate hikes, perhaps Lehman would have survived just as Peter Schiff is saying we need to do now. So my question is, how will raising rates hurt the banks? This sounds like it is now the same as 2008 but worse because rates are even lower. So how will raising rates hurt the banks as they are being hammered now with the low rates but saved via all the ways they are stealing the wealth?
I mean I can almost answer my own question I think. The banks win either way. The big ones at least. Lower interest rates mean the banks don’t earn their money the way banks are supposed to (by lending money) but instead simply steal the wealth of Americans via the Fed. I still don’t know how there would be bank failures from interest rate hikes. This is why I am so sure there will not be any interest rate hikes and the banks whining about it is all just a ploy. They make more money more simply via the Fed. So why should a big bank care about high interest rates so they can loan money and make a higher yield from people when instead the people are just robbed because the Fed prints it and it goes to them.
So even without taking out a loan, we are all borrowing money and paying orchestrated loans because the Fed prints it making our dollars worth less over time and it all goes to the banks. It is one vicious circle.
It’s not the 1% we need to worry about, it’s the 0.01% who see their lessor 1%er’s almost as they see the 99%. Many 1%er’s are probably on this site…. hard working professionals, good investors, some doctors, small business owners, accountants, and lower executives, etc. I think I read the 1% (some 30,000 U.S. households) have a net value of about $1M+ in liquid assets while the o.1% (some 3,000 households) are $20M+ all the way up and the diversity is growing just as the middle class are being eliminated. I know some 1%er’s and while they are doing fine, they seem to not be able to grow at the same pace as the uber rich…. They don’t have the inside connections nor are part of that club and privy to everything…. including how and when the markets will be manipulated a certain way.
Hillary bragging about Khadafy’s murder: [we saw, we came, he died.] The war criminal said, with “cackling laugh!”
British Parliament Confirms Libya War Was Based On Lies … Turned Nation Into a “ISLAMIC Terrorist Stronghold” … Spreading
Terrorism. . .
Posted on September 22, 2016 by WashingtonsBlog
The UK Parliament just confirmed what the alternative media has been saying for years.
Specifically, a new report from the bipartisan House of Commons Foreign Affairs Committee – based on interviews with key British decision-makers, review of documents, and on-the-ground investigations in Africa – found that, Libyan war was based on lies, that destroyed the country, and spread terrorism far and world wide.
The War Based On Bogus Intelligence … Like Iraq War!
The poop on the fraud, to get guns for oil, remove Assad, pipelines to Europe, cutting out Russia and regime change in Moscow!
The reason Trump must be stopped, Putin removed, China slavery maintained; [Corporate Globalist Neo-con Elitist Governance]
Mark Jesus’es words, it will come and he will rescue mankind and you may even survive!
____________◄ Zephaniah 2:3 ►
King James Version
Seek ye the LORD, all ye meek of the earth, which have wrought his judgment; seek righteousness, seek meekness: it may be ye shall be hid in the day of the LORD’S anger.
American Standard Version
Seek ye Jehovah, all ye meek of the earth, that have kept his ordinances; seek righteousness, seek meekness: it may be ye will be hid in the day of Jehovah’s anger.
Always enjoy listening to Peter.
Let us suppose that the US fronts up to their situation and declares they are broke. Doesn’t that effectively bankrupt everybody else as well given how leveraged and interconnected it all is? Won’t this lead to at least a western civilisation ending correction if not an extinction event for a very large number of people? Peter’s idea is that the US can fess up and restructure with no issues and then pick up the pieces and re-establish a sound economy however where would the money come from to build new factories on mainland USA if everyone is broke? Who will buy any goods the US will produce if people elsewhere similarly don’t have any money or are already satisfied by goods from elsewhere? Surely the Chinese will not be so stupid as to repeat the same trap and will now provide for themselves rather than buy US goods. Won’t the US be left isolated, destitute and in bad repute. I don’t see how with all the good intentions in the world the US can come back from this. How about probing Peter a little more on how exactly US manufacturing can make a come back. While I agree something has to change it might be too late to do anything now? I know he means well and he is principled but I am not sure he has thought though the implications of what he is saying. Isn’t the scale and complexity of this beyond management now??
By the time the crash comes – China may OWN enough American infrastructure – land, farms, ports, water resources to buoy itself. It is ‘developing’ infrastructure all through the Third World (Africa), and now has the Silk Road. Both they and Russia are looking to come-out a survivors from what seems an inevitable world-wide downturn. It reminds me of a Monopoly game.
Restructuring the debt may give the government some breathing room if they are forced to raise interest rates but the truth is they never intend to ever repay a single dollar of principal on the debt. Old debt is only ever repaid by issuing new debt.
Our brethren on the other side of the religious spectrum who control the banks (MAY) may I say, use Friday as the catalyst to install their long awaited wet dream of controlling the worlds economy and cleansing the world banking system of its debt at the same time. Its interesting that the “Black Moon” falls on the same date as the Shemitah . http://www.bustle.com/articles/186418-what-does-the-black-moon-mean-in-september-2016-get-ready-to-start-anew
What group would that be that control the banks Jerry? Jewish?
Think about who the money changers were that Christ drove out of the Temple. Bankers. Not Jews. Satan has always used banks to control empires and men’s souls with the love of money.
Likely they were Jewish Bankers, Jerry. Point is that it doesn’t matter – Jew or Gentile: being a tool of satan is always the issue. Do you think the Pharisees and priests got a cut of the proceeds for letting the Bankers into the Temple? By thunder, Jerry – you do not disappoint!
Just asking because I am Christian and the other side of that religious spectrum from that is Satanic worship or what is better known as islam.
I think you are saying the Jews are about to take over the world banking system. Is that correct?
Nooooo….it’s the Baptists, silly!
Great job having Peter Schiff Greg, thanks. I too was extremely disappointed with Trump in the debate. He let her incorrectly lay the blame of the 2008 crisis, didn’t take the opportunity to turn it on her and put forth a proper explanation. Why didn’t he point out her husband’s repeal of Glas- Stegall? ……among many other things. No mention of pay- to- play, Benghazi,…. The list could have gone on and on. He came off as completely under prepared and under informed. It’s refreshing to hear Schiff so poignant, clear- headed and detailed. Too bad he can’t take the podium …….
Concerned American Dad: I thought Trump did an excellent job in the debate considering Clinton is a professional politician and has been through the debate process against Obama. I feel he will be much better in the 2nd debate, and I hope mop the floor with Hillary on the 3rd one. God Bless
Correct me if I am wrong, but I thought peter was one of the guys that said the dollar would collapse this fri.
Surely thats what it was Greg for Peter is far too intelligent to ever make foolish predictions of specific dates for things
Yes , it could have been , thanks.
Tin foil hat on 09/26/2016 you brought up an ancient prophecy made at the time of Sneferu (a 4th Dynasty Pharaoh [circa 2600BCE] of Egypt) that stated:
“Behold, there’s something of which men speak that is terrifying” (like nuclear Armageddon the neocons are trying to get started in Syria) that was “never done before” and “the Earth is completely perished” … and the Son of God (Ra in those days) “must begin the foundation of the Earth again” by bringing a Son of Man (Trump in an Ameni suit) to “drive out wrongdoing and put Justice in its place making the people rejoice”!
It’s very hopeful to find these words written about an unknown “Triumphant Savior” … “a Son of Man” (working for the Son of God) … to bring the final victory of good over evil … and that this prophecy is found in papyrus texts written some 4,200 years ago is really amazing … now it is simply up to us to bring this ancient prophecy to fruition by electing Trump this November!
I am pulling for Trump
It reminds me of the dualism inherent in the Tao symbol where in one there is the seed of the other and they are forever linked. In this case, politics and business are linked at their cores to each other.
With that in mind, I expect that once he exits office, Prez Obama will encompass Janet in a big bear hug and plant a fat wet kiss on ole Yellens kisser for the help she has given him in maintaining his economic ‘legacy’ .
Sorry about your luck Hillary, but the house of cards come down on your watch.
With Trump, my belief is we will have less Deceit and Intrigue than with the totally sold-out & satanic Hillary.
He might not be able to fix everything, ie the economic manipulations (everything is manipulated!) the skewed justice system favoring the political class & wealthy, the suicidal open-borders, the useless ObamaCare system and violent Islamism but I believe he has been intellectually honest about them and will move forward with plans/actions to rectify them.
He has already spoken out against these failures repeatedly and recognizing the problem(s) is the first step to fixing them.
“The single most chilling event of the last year occurred yesterday afternoon – and it didn’t have anything to do (maybe) with the American Presidential debate last night.”
Thanks for the link John. Interesting reading
Timing is everything
“There’s A Real Problem Here” – Did Fed’s Plosser Just Admit Trump Is Right About Yellen?
The general public has no idea of the trouble we are in. They know the government needs to keep borrowing more and more money to stay afloat so the public does the same. Interest rates are rock bottom so everyone has thrown in the towel and gone deeper into debt.
I save money but get no interest. I see the danger my bank account is in if SHTF. I see why debt is safer than cash.
If you got nothin’ you got nothin’ to lose.
Peter Schiff is brilliant. If there were more fund managers, corporate CEO and policy analysts like Schiff this country (founded by great men of the past) would not be in such trouble.
I have a hard time believing that Trump is independent of the banking cabal. His continued wealth in hotels and casinos, and size of bank account depends on whether he plays ball with this banking cabal. Otherwise, they have the power to shut Trump out of the market and banking system. I hate to shatter people’s hope of “Make America Great Again”.
As late Prof Alexander Tyler (Edinborough University) wrote in his Treatise (History of Mankind from Adam to Early 18th Century) in 1853 that mankind has always gone from Freedom to Slavery/bondage in 8 distinct stages. We are in the 7th stage “Apathy to Dependence”, and then the final stage “Dependence to Bondage”.
After bondage humanity finds through spiritual fortitude the courage to regain freedom again. But the question is how much blood will be shed either as slaves are driven to kill demonised people, instead of lynching the perpetrators of this wealth divide and freedom usurpers, when the masses wake up to see the real culprits.
i have this much faith in God Almighty that Truth will triumph over falsehood in the end…in between there will be a lot of tests as we enter the final chapter of human drama on earth as we approach the return of the real Messiah…not the false one…the Anti-Christ.
The coming tests and tribulations will be severe, and it will reveal the true people of God, versus all the false gods most people have worshipped in the age of deception and stupidity over the last 100 years.
May God Bless the Truth Seekers so they can find the Truth, and worship the One and Only True God, and not all the false gods out there.
Many of you have heard that Michael Savage was removed from his NY show when he began to talk about Hillary’s specific health issues. This is the beginning of the end of free speech.
She was also able to stand and be coherent for 90 min, with a protector at her side so Trump could not really attack. What kind of ox poop is this? With this kind of garbage going on, Hillary will certainly win. She owns the shadow world.
Ox yes I heard about that Very disturbing indeed
She had help from Holt.
They fiddled with Trump’s sound as well. Trump sad they gave him a bad microphone. It sounded fine on TV, but in the venue his sound was interfered with to rattle him I’d say.
In this video, she is seen signaling Holt to give her the opportunity to get one over Trump. He obligingly doesn’t change the subject and gives her the floor to deliver a scripted rebuttal, not once but SIX TIMES.
Also, watch at 5:54 – Trump mutters “seizure” under his breath after Hillary has a small laughing attack.
Trump is trying his best against great odds. Why would a man put himself through this? I think he fears for his country’s future. Hillary’s motivations for becoming president are different. I think she just wants to be president for its own sake. Trump could be doing something else with his time.
Schiff can talk interest rates all he wants.
The fix to 2008 would have been to resettle or balance economic forces. This was not allowed to happen.
Instead the Bankers protected themselves and their Industry assuring the public this would be the fix (Meaning TARP, QE and Tapering etc.) and Let’s include this process being undertaken by all the other sovereign countries which can still print their own currencies. It’s a race to devalue which I liken to whack a mole. Step up and take your turn at, stealth stealing, the savings and investment of unsuspecting fellow citizens, It matters not what Country you live in, the result is still wealth confiscation and decreased economic activity. This plan was not intended to serve the Public. It was intended to save the Fox guarding the Hen House financial Industry. The TBTF Zombie banks are still there and are on life support. The Hand is on the plug and the patients are going to be moved to new locations. Some banks will die, others will take over. The size and scope of the financial problems have only increased. Its a balloon in search of a pin.
We need to be a nation of producers once again and that is not going to happen without manufacturing coming back to our shores.
We need Economic Growth and not just Higher Interest rates.
From My Little Chair,
The money borrowed over the last 8 years (10 Trillion Public Debt of the USA) could have easily been used to rebuild all the business and Industry which has left the USA. Offshoring our American Heritage (Meaning Jobs going to other Countries)(Like Esau selling his birthright for a morsel of food) has weakened our Economy and there is no way you are going to grow your way out given the rate of debt incurred; which is NAFTA related. Schiff is off course on that one in my opinion. To name a few, Textile Industry, Chip making Industry, Automobile Industry, Agricultural equipment Industry, Product Service Call Support Services Industry, Medial Record Industry, Mold making Industry, Steel Industry and others all moved outside the USA. Over Two and one-half million manufacturing jobs have been lost since 2008. We need more than a service and paper pushing bureaucratic economy!! Period!
So, the Big Corps moved offshore to lower production costs through cheaper labor,
Set up foreign operations to keep their profits out of the USA,
USA purchased these products at the same or higher prices, in other words, the cost savings were not passed onto the USA purchasers,
The USA increased taxes, Social Security, Income, Excise and other fees,
The USA tripled Health Care Costs with no commensurate benefit, just a drain and usurpage of what used to be business and individual discretionary spending income, and by the way violated the due commerce clause in its application by making its citizens purchase a service they may not have wanted, this is new political law, NOT Rule of Law! This should be repealed as it is Unconstitutional!
I love the Light of Freedom for which the USA has stood for and am thoroughly ticked by the path of the political establishment.
Few people can lay it out so concisely as Peter Schiff. Great interview.
This writing is a fair and concise recap on the debate.
Greg, yes, Lester Holt is a simple employee & he does not run NBC, his statement at the debate that the questions were known only to him might be true, however he was guided by his boss(es) at NBC to go easy and soft pitch the bitch. I knew it was rigged in the first 20 minutes, no Benghazi, Foundation, E-mail, or other tough questions. Shame on Lester Holt, he has totally lost my respect and I won’t listen to him again, ever. I want Mr. Holt if he ever reads this blog to know he didn’t fool all the little people out there and I will never listen to another debate or interview by him. His journalistic values are a joke and he as most of the other MSM now are bought and paid. Too bad he caved in to NBC, good-by Mr. Holt, it was nice watching you from time to time. Your a shameful disgrace to truth seeking Americans.
Many of the so-called online polls including CNBC were informal surveys, and many even allowed multiple voting. CNBC put a disclaimer about the findings on their site. “Results are not scientific and may not necessarily reflect the opinions of the public as a whole.”
Best to check which polls use approved survey sampling methods. Fact checking is important!
Yes Greg its all rigged by the MSM! Oh, you forgot to mention they spiked Trump’s mic to make him sound like he was on coke.
It looks like the only chance for Trump would be for Putin to beak into the electoral system and rig the election results in favor of his friend, the Oompa Loompa Candidate.
Seems like most so called real polls by the MSM … that stands for Mendacious Skat Media … are greatly manipulated.
“Mendacious Scat Media” – is the Phrase of the Year; if it doesn’t go down into history itself! I am STILL laughing! That was truly rich.
I think the US has the ability to maintain the Dollar illusion for sometime. If you do a basic search, you will find that the world reserve currency goes to the victor of a hot war. Granted there was a relatively smooth transition from the Pound Stirling to the Dollar, due in part that the US is an English speaking country, and the the UK was bankrupted from WWII. Also, the City of London receives a cut from the US Dollar based system, so it could be argued, that there was a faux transition from Pound Stirling to Dollar.
You’ve got to love Peter Schiff. Great interview. Thanks Greg.
After watching the debate I was reminded of a comment here by Paul from Indiana. He wrote, ‘At this point, the only way out is through.’ Yep, that sums up our situation. Hope lies in a new nation with new borders. That’s been the history of out here in the West.
Greg, maybe you could interview James Westley Rawles?
As reported by Macray and others on your site, the Senate has just overridden the Presidential Veto to stop Saudi lawsuits.
I would imagine that the house of Saud will join in with the dollar dumping that will begin on Friday once word leaks out to them. Since the Saudi’s hold as much U.S. debt as China, this is really, really going to hurt when it goes down. Couple that with a Deutsche Bank collapse and you have an economic bulldozer that will without a doubt push the dollar off the economic cliff . Somehow I just don’t see Germany bailing out Deutsche Bank. The 15 Billion dollar settlement they have to pay is just the tip of the iceberg. Try 125 Trillion dollars in derivative debt to go along with it. “Oh that right” ! I forgot. Our congress put the U.S. taxpayers on the hook for that. Gee I wonder why?
This is monumental when you consider the implications. Not mention the cascading effect it will create in the derivative markets.
Can you say, goodbye petrodollar?
And in the long run we have opened up the spigot to be sued for every thing we do to protect ourselves.
This throws sovereign immunity out the window.
It may not matter in the short run but it has tremendous long term consequences
Removal of sovereign identity, as in immunity – is a step toward One-World Government. America must be removed in order to proceed.
Are you sure that SA holds as much US debt as China?
The estimate is 750 billion dollars in U.S. treasuries. Lets not forget that the Saudis are broke thanks to the deal that Morgan Stanley brokered with Russia to keep oil prices below $60. a barrel (break even point).
Also there was an assassination attempt on one of their princes in Paris a few months back that was trying to cut a deal with China. They are done with us.
I read that article below…very interesting
The Saudi secret that was never told. We’re getting ready to sue Americas largest debtor.
You are right Jerry … many Americans are under the false impression the banks will not be bailed out again by the American people … President Obama promised the American people that derivatives would be moved onto exchanges with proper capital and transparency following the Dodd-Frank financial reform legislation in 2010 … but just like Hillary he lied … that has not happened … in keeping with the bankers using the American Government to garner “private gains” what has happened is that Citigroup effectively repealed the Dodd-Frank legislation imposing important restraints on derivatives … by slipping in an amendment into a Congressional spending bill in December 2014 that allowed banks holding FDIC-insured deposits to keep “trillions of derivatives on the books of the bank” (instead of pushing them out to other uninsured units of the bank holding company) … the bankers “effectively put the U.S. taxpayer right back on the hook” for another massive bailout if the banks should fail … to make matters even worse Citigroup is currently loading up on credit default swaps from failing Deutsche Bank (the very instruments that blew up the big insurer AIG in 2008 forcing a taxpayer bailout) … our traitorous bank regulators are actually allowing Citigroup to purchase these high risk positions of deeply troubled Deutsche Bank knowing full well they will have to be covered by the American people when Deutsche Bank collapses! … http://wallstreetonparade.com/2016/03/obama-video-president-has-his-facts-seriously-wrong-on-financial-reform/
I almost fell over witnessing the mainstream media here actually saying similar to your statement.
It’s almost here.
As promised. Deutsche Bank is toast.
My question to you if you were a German citizen thinking about a bailout. Do you like pounding sand down a rat hole? That’s what DB is a bottomless hole, full of rats. Rats that manipulate gold prices. Rats that sell subprime mortgages. And Rats that have rung up derivative debt to the tune of 125 trillion dollars. My advice. Get the heck out of dodge ( or in this case Berlin) while you still can, and head for the hills. There is no way a country the size of Germany can stop this debt snowball once it starts down hill.
I wonder why Trump has not talked about Robin Hood in reverse. It’s one thing to make millions as a businessman and quite another thing to make millions as a public servant.
The economic point of view.
Why in the so called freemarket economic one of the most important element namely the interest rate is set by some pointed dictators.
In a real economic the interest rate would be set by the market force depending of the savers and borrowers.
It should be the most simplest economic activity guided by the amount of money saved and the amount of money wanted by borrowers.
Yes the simplest suply and demand economic activity.
Of course the explanations are that we need these superior human beings called central bankers to set the interest rate to achieve optimal inflation and employment levels, at least that’s what the propaganda machine tells you.
But let’s look the economic information in details.
Savings are all time low debts are all time high.
But how is that possible if savings are low what are the borrowers borrowing.
Of course the central banks money printing achieved this paradox.
So basically the supply side components of the interest rate the savings are distorted.. it is unlimited!
So when a supply is so huge the price can’t go high.
Of course both the supply the printed money and the economic function the interest rate is controlled by the same people.
In reality the central banks should have been only setting a bottom and top limit of interest rates and yes if the interest rate run up to high than could have printed more money to pushing it down by increasing the supply basically adding to the savings that can be borrowed.
Most economists just got it absolutely wrong.
Maybe I should have started my comment with it.
It is not the interest rate that guiding the economic but the economic activity must guide the interest rate !
Independent economic expert I.E.E
Schiff’s take on Trump was wrong..
Trump said in the current situation, if we raised raise from the now ridiculous low-levels, everything is going to cave in.
I do not think there is argument over that.
THIS IS A WHOPPER:
If this is nor a joke, then it is RUSSIA bailing out GERMANY through the proxy Turkey in order to cement the Eurasian trade zone.
If it is not a joke then it is Germany/Turkey in the pocket of Russia.
They will wait until it busts, if not already.
Cyprus / Bail in / Russia take over.
Deutsche bank bust / bail in/ Russia steps in behind the veil (Turkey) / Russia takes over the lean and mean Deutsche bank (Germany).
Heck, the Federal Reserve could not pull off the 40 to 75 trillion, depends on who you believe, in derivatives and debt
But remember Citibank is buying a lot of Deutsche Banks toxic derivatives (as they know they will be bailed out by the American people) … so just maybe Turkey gets Deutsche Bank without the monstrous derivative debt … Putin is some chess player if he can take control of the German banksters!!
Saudi’s money is waiting inline to get chunks of DB, who knows if they will pull from US after the congress blunder and put in Germany with the blessing of Russia/China.
Turkey ,if the news turn out to be true, does not have the money but Saudi Arabia an ally to turkey has.
May be it will be their retaliation to the congress move.
It may implicate that gulf states and Saudi Arabia are leaning east.
I wonder if anyone can explain to people like my mother what is going to happen to her 401k if and when the collapse hits. I had her listen to this entire interview and she responded with “yeah that sounds bad but I am still not going to touch my 401k.” Isn’t there a better option to keep the money she has saved instead of risking it all when the hammer finally drops and the gubmint does the ole “this isn’t really your money anyway” trick and steals the whole thing? Would that be a better question for a money manager like Schiff who has their eyes wide open? Thanks in advance to the Watchdoggers!
BLT precious metals in her possesion is the best insurance in my opinion
BLT’s mother … listen to your son … he has your best interest at heart … right now you have lent all your 401k money to the banksters … they owe you this money back … “unless” they declare bankruptcy … at that point you will “be lucky” to get a penny on the dollar back … do you feel comfortable taking such a risk?!
Fund managers who see the writing on the wall are now bailing out of D Bank … a systemic collapse of the banking system can easily follow … along with bank holidays and bankruptcies!
Peter tells it like it is. Janet Yellen, Ben Bernanke and Allan Greenspan belong in jail!!!
The Federal Reserve is the greatest fraud ever pulled on America.
Watchdogs remember this, after a government destroys its economy, it next looks to go to war. So all you Neo Cons, Liberals and Progressives vote Hillary and put the final nail into your coffin and lose your money, freedom and your family.
Here is proof as to how stupid said Liberal / Progressives are; Hillary Clinton and the DNC cheat super Progressive Bernnie Sanders out of the Democrat nomination and what does super Progressive Bernnie do? He is now campaigning for Hillary Clinton!
The Pied Piper plays his flute and all the Neo Cons, Liberals and Progressive jump off the cliff, Rats they are! Sorry Rats (Animal), I didn’t mean to offend you.
CERTAIN THE MSM GAVE BILLARY THE QUESTIONS BEFORE THE DEBATE SO SHE COULD PREPARE. My Suggestion for Future Presidential Debates. Allow the RNC to select the questions against the DNC candidate and versa-visa. Have no ringmaster. Have the camera and mic turned-on only for one candidate for 2 minutes and then cut off at that time to the next candidate and question. Have it conducted without any audience. Have the candidates in an booth where no electronic cheating devices can be used.
Just to demonstrate the disconnect between what is reported outside the MSM and the perspective of the big banks. We just did a conference call with the Managing Director, Head of America’s Investor Relations of Deutsche Bank yesterday. He assured us that the news on Zero Hedge and in other news services is overblown, their “non hedged” derivative exposure is a small fraction of their derivatives book, and that most of the divergence can be explained in the accounting differences between the US (GAAP) and Europe (IFRS).
Where I come from, both sides can’t be right.
There are significant accounting differences between GAAP and IFRS and I have studied both methods of accounting. That being said, I can not think of anything that would make what the Managing Director said true and accurate. Did he offer specifics?
John Williams of Shadow Stats Dot Com (and guest here) – speaks to the point that US GAAP criteria have been changed to hide the real picture. And I suspect this has been done there in Europe also. At this point – I wouldn’t expect much truth to come from Deutsche Bank. The divergence may reside in “old” American GAAP Standard (alternative media uses) and the ‘new’ IFRS criteria. In a pinch – a finger can be pointed at the standard the Alt media uses as “illegitimate” and therefore unfounded. Of course – I could say that a bullet in my head was just an anomaly.
GREG; During the 1929 crash,
GREG: During the 1929 stock market crash, Joseph Kennedy made the family fortune by buying companies for pennies on the dollar during the depression. Might the banksters wanting to do the same thing, but are not able to right now, so they keep propping it all up until they can??
I think the ‘propping up’ is just lazy Status Quo AND enriching as-long-as-it-lasts. As to the Banksters doing what the Kennedys did? Absolutely!
The Death By a Thousand Cuts
According to a report by the St. Louis Federal Reserve, real (adjusted for official inflation) wages have risen a mere 3% since 1970–46 years ago!
Could the 25 million Invisible Americans be the key swing demographic in the upcoming presidential election? As noted in What If We’re in a Depression But Don’t Know It? (September 23, 2016), The top 5% of households that dominate government, Corporate America, finance, the Deep State and the media have been doing extraordinarily well during the past eight years of “recovery,” and so they report that the economy is doing splendidly because they’ve done splendidly.
The gulf between reality and the official happy story of “recovery” spewed by the status quo’s well-paid army of apparatchiks, flunkies, flacks, hacks, toadies, lackeys and functionaries gorging at the trough of the status quo is widening to the point of surrealism. Memo to the D.C. Beltway/mainstream media apologists and propagandists: the 25 million Invisible Americans are no longer buying your shuck-and-jive con job, “F. up~Chuck Todd!”
Here is an interesting look at which of America’s billionaires have put the most support behind Donald Trump and Hillary Clinton:
Despite the fact that Donald Trump is one of their billionaire peers, it’s quite interesting to see that America’s billionaires appear to be reluctant backers of one of their own. Just remember, they also said at the time, Franklin Roosevelt was a traitor to the upper crust!
NONE of us informed voters are thought of as “key players” in this election, because this election, does matter! Either way, we’ll be treated to a continuation of strategies conceived and implemented by the Deep State protégées, and their acolytes. The “key players” in this election are those un-informed people, in the Deepster’s pockets, who behind the scenes, try to engineer the real deplorable’s.
Our only sensible choice at the voting booth is to vote for candidates whom we suspect are not merely heads of TPTB hydra. We must encourage more people to do likewise.
What If We’re in a Depression But Don’t Know It?
September 23, 2016 TFD Financial
“It’s the neo-con’omy stupid!” George Stephanopoulos;
Former White House Communications Director, Deep State Clinton Crime Foundation lackey, functionary, [gorging at the trough of the status quo as supposed journalist ABC New’s] Hillary Clinton financial supporter and current shill.
Teaser of what is occurring?: https://youtu.be/m1aQ-XGWors
Full length version: https://youtu.be/C9yyiD0MTvc
Real dry run – https://youtu.be/VQzEWeGJLP0
all drum rolls for now? https://youtu.be/J8oLMS11Ht4
With a predictive calendar for the continuing bubble/burst planning ? lol
Thank you for the links.
“Extremist groups will continue to exploit the vacuums that are there in Syria to expand their operations, which will include, no question, attacks against Russian interests, perhaps Russian cities,” Kirby said. “Russia will continue to send troops home in body bags and they will continue to lose resources, even perhaps more resources.”
Can it be any clearer where is it going?
As General Petraeus has pointed out, we need to unshackle Syria of its oppressive leadership and at the same time let Russia know that they are in line for a good stiff jab to the nose if not worse unless they stand down. I don’t think Putin is completely stupid. He knows of our devastating power and will be much more receptive to our influence once we put a boot heel on his faggoty neck. Petraeus explained our position very well on his last discussion with Charlie Rose. Citizens must well understand that the Russians are NO MATCH for the USA !
I am convinced that you always watch Rambo movies before going to bed.
Rich … we need to unshackle ourselves from the evil neocons that are killing women and children on a massive scale to achieve a political agenda more favorable to them making even more money … like all the heroin they bring to have injected into our school kids doesn’t generate enough money for them … your comments designed to control our perceptions falls on deaf ears here as we are wise to you and the MSM … we are not robots living in a matrix as you want to believe … we are not going to do evil things to other people or start a war to see who is the bigger bully … life and our world is about doing what is right … the wanton killing of women and children is wrong and you better get used to the idea … only those with a pathological mind devoid of empathy or compassion can talk of destroying life and creating more death and destruction as being a good thing!!!
Greg, if Trump pulls this out in November against all odds, the tricks, rigging, MSM slanted debates, etc., the elite will make sure the markets crash, just a suspicion but watch for the bubbles to pop should he win is my thought. As to actually winning, I doubt it though because the Clinton’s, the elite, the FED, the MSM will turn a blind eye to the rigging that is going to happen if the polls shows Trump coming on strong in the next 6 weeks for so.
Can anyone tell me when the $#!^ will hit the fan. I would like to put a giant short on the market.
D John, the answer is: Watch Israel!
When you see Russia, Iran, Turkey and others about to invade Israel from the north,
That’s the trigger.
Ardi, it’s gone no matter who is in front of that microphone.
Why would anybody want to be the president of the USA with this coming? Can you imagine the headlines when the economy crashes if Trump is the president? The media will blame him and his “racist” supporters 100%. It will be as if he wanted the economy to crash and did it on purpose to hurt everyone. If it where anybody else but Hillary as president I would have hoped Trump lost so we wouldn’t get the blame for what is coming. But I would crawl on broken glass to vote for the person who has the best chance of defeating her and that is TRUMP!
Listen to Ann Barnhardt…
I am wearing a red shirt on election day to signal my vote to other for Trump. Gonna be hard to cover up fraud if 75% are wearing read and they try to say Hillary pulled it out
Trump is running to save his fortune … he doesn’t want the US dollar to devalue to zero … otherwise he will be waiting on a soup line with the rest of us with a cup in his hand … if the Charity handing out the soup is Clinton’s you can be sure the soup will be dropped in his lap like in the movie Young Dr. Frankenstein! … if Trump works to save himself he saves us too!!
Good point Greg … real estate is a hard asset … but unlike gold and silver under the mattress the real estate tax authorities (like the IRS who audit Trump each year) can arbitrarily increase his taxes as inflation skyrockets (which will put upward pressure on interest rates and downward pressure on real estate prices) … so a real estate (hard asset) may actually become a noose around ones neck!
Brandon Smith believes that Trump will “be allowed into the White House”. He believes that globalists will create a fiscal crisis just before or just after the election and blame the collapse on Trump (AND conservative movements). Makes a lot of sense to me.
Exactly! I would even crawl on glass.
Aleppo is the future of the world.
Looking at the photos coming out of Aleppo gives us a preview of the apocalyptic future of what is to happen in the USA. Only 10x worse.
The judgment is that will befall the USA is incomprehensible to the human mind. The USA will be completely destroyed.
It will be interesting to see if a rapture of some type will occur prior to the destruction or will followers of Christ be required to have their heads removed.
Beware of the cashless society requirement to be chipped vs. having your head removed.
Look to the Daesh requirement to have the head removed with an unsharpened knife. This will be the requirement to enter into eternal rest. We have seen the future and it is now.
As to whether the Rapture will occur prior to the destruction, or will Christians have their heads removed:
You know the answer.
Christians must undergo a severe persecution. Matthew 24:9, 10 –
“9 Then shall they deliver you up to be afflicted, and shall kill you: and ye shall be hated of all nations for my name’s sake.
10 And then shall many be offended, and shall betray one another, and shall hate one another.”
Matthew 24:14 –
“…and then shall the end come.”
This is the order of events (Revelation 6):
1st Seal – White Horse (Great Deception)
2nd Seal – Red Horse (World War)
3rd Seal – Black Horse (Economic Collapse, Famine)
4th Seal – Pale Horse (Death [1/4 of earth’s population dies])
5th Seal – Christian Martyrdom
6th Seal –
A – 144,000 Jews are sealed to be God’s witnesses on earth because the Church is about to be removed
B – The Rapture. This occurs immediately before the outpouring of God’s wrath. God WILL NOT pour out his wrath on the Church
7th Seal – The outpouring of God’s wrath begins
1Thess 4:16-17 says that the “rapture” will happen when Christ descends from heaven at his second coming.
Matt 24:29-30 states that he will come in the heavens AFTER the tribulations. Therefore if the “raputure” happens when he comes in the heavens, it happens AFTER the tribulations:
New Testament | 1 Thessalonians 4:16 – 17)
For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:
17 Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
(New Testament | Matthew 24:29 – 30)
Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:
30 And then shall appear the sign of the Son of man in heaven: and then shall all the tribes of the earth mourn, and they shall see the Son of man coming in the clouds of heaven with power and great glory.
If the Rev. 6:9 indicated the LAST of the harvesting process or Gleanings – (First-fruits – Old Testament Saints, Abraham’ Bosom; Harvest – New Testament evangelization of the Church; Gleanings – Tribulation converts or saints.) then this reference falls within the first half of the Tribulation; Verse 11 speaks of martyrs in the last half, or Great Tribulation, to be killed as the first were. The Seals of Chapter 6 seem to indicateTribulation itself. Since we are not appointed to wrath, and the Fourth Seal suggests divine wrath: why would you believe we are still on the earth? The Song of the Redeemed is sung in Chapter 5 verse 9, well before the Seals are opened. Verse 10 confirms these singers were ‘redeemed to God by Thy blood out of every tongue and kindred and nation’ and made kings and priests (for the Millennial kingdom?). This song could well be the Church; and therefore set it apart from ‘the souls under the alter’. If the Song of the Redeemed in Heaven occurs before the Seals, and the Seals indicate the Tribulation – then the (unspecified) Rapture may well be pre-Trib. That’s my take. The way thing are going – it’s hard to tell.
Charles H, Revelation 6:16, 17 seem to indicate that the Wrath of God comes after the 6th Seal.
And you’re right; we are not appointed to wrath, but we are appointed to Tribulation: John 16:33 – “…In the world ye shall have tribulation: but be of good cheer; I have overcome the world.”
Matthew 24:29 – “Immediately after the tribulation of those days shall the sun be darkened…”
Revelation 7:14 – “…These are they which came out of great tribulation…”
I believe that Matthew 24 and Revelation 6, 7 are describing the same thing – the Beginning of Sorrows. Matthew describes it from the viewpoint of Earth; Revelation describes it from Heaven’s perspective. If that’s true then the Church must be present on Earth during the opening of the Seven-sealed Scroll. I believe Revelation 7:9 describes the Rapture, after the Beginning of Sorrows.
I see it as Matthew 24: 1-14 as indicating the end of the Church Age. And verse 14 being the key in context – gospel preached to the world unto all nations – “and then shall the end come.” I take this as signaling a big division: the first part is the Church’s work in the world. “The end” can signal the end to the work; or primarily signal the Tribulation. If it means ‘both’ then the Church isn’t working in that “end” … time.
From verse 15 forward it signals the Tribulation sure. And verse 27 could be His return in power, as from ‘the East to the West’ would be a world-wide phenomena – corresponding to Rev. 19:11.
Verse 31 then could be the Jews that were supernaturally saved from satan of Rev. 12: 13-17; and not indicate a mid-Trib Rapture at all.
I am dividing it up more than you. As to having Rev.7:9 as the Rapture: verse 14 identifies who these are – those who came out of great tribulation (last half). If they ‘came out’ of it – then they would have ‘been in’ it. (Like Jesus’ baptism – did He ‘come out’ of the water, as in Immersion, or was He sprinkled?) I still contend that this conflicts or contradicts that ‘we are not appointed to wrath’ – and this is as deep into God’s wrath as it gets.
Certainly the Lord has jig-sawed His Word up so that it can’t be pinned down. Thanks for your reply.
Honestly I get so confused when I heard such excellent interviews with quality information about the coming inflation (as if it not already here), the stock market crash and best to buy PM, and yet these guys are in the stock market. If the market is going to crash shouldn’t everyone be out of stocks and into precious metals? Are not gold and silver are the only true options? What am I missing here? Is anyone else here as confused or maybe I am just plain naive?
Kim, I personally decided long ago never to invest in anything unless I could hold it in my own hands. I’m completely out of the stock/bond markets and into gold/silver which I personally hold.
In addition I have a fairly large amount of cash for when the SHTF.
In my opinion, Investment No. 1 is getting out of debt. Own your home and vehicles.
Then save like there’s no tomorrow.
What you saw at last nights debate: were minor league debating, focusing on minor league ideas.
Ideas, the debate missed:
1. Ending the War on Drugs, reducing violent crime.
2. Ending the Patriot Act, and NDAA, while protecting privacy.
3. Shutting down foreign bases and bringing the troops home, reducing enmity and making America safer.
4. Eliminating the income tax.
5. Eliminating the Department of Education and Common Core, thus improving education.
6. Eliminating the Department of Homeland Security and the TSA, improving the quality and dignity of American security.
7. Eliminating trade sanctions, allowing the rapid spread of American values as foreign companies learn to communicate with American businesses and consumers.
8. Ending the Federal Reserves stranglehold on the people.
9. Eliminating corruption in the government, by prosecuting politicians that abused their positions.
Here’s what they kept:
1. What names Trump called particular beauty pageant contestants.
2. Where you can buy Clinton’s books.
3. Trumps personal tax returns.
4. Whether or not Clinton has “the look.”
If that’s what Clinton and Trump consider the most important topics facing America, I question their sanity.
Peter Schiff is right that NAFTA is not the cause of productivity decline, but he is wrong when he pointed at Federal Reserve as the cause. In an interview by Greg Hunter, William Black had given a hint why the productivy has been declining and why some markets have to be rigged. Please watch the interview again. (William Black did not say it explicitly. It is a hint.)
And the heat keeps cranking up between Russia and US in UN. lots of spat that may lead to nasty consequences:
“Russian FM spox: US words on ‘attacks in Russia, body bags, downing jets’ sound like “get ’em” call”
The leaks have started
You will want to read the whole article! Also when you hear a republican say they are voting for her, you know they are SCUM!!!! This was posted 9-28-16.
“I got a pit in my stomach,” a FBI insider said. “That empty, sinking feeling you get in your gut. I thought we may have unknowingly been parties to this entire mess. It’s a blow to the ego. We’re supposed to see these things coming.”
John Giacalone was the supervisor of the bureau’s National Security Branch and also the FBI brains and genesis behind the Clinton email and private server investigation. He first approached Comey in 2015 for the green light to probe how the former secretary of state operated her private email server and handled classified correspondences. Rumors had been swirling in intelligence circles. Once approved, Giacalone spearheaded the investigation, and helped hand select top agents who were highly skilled but also discreet. Many of those agents were concerned when Giacalone abruptly resigned in the middle of the investigation.
It’s all here!
Negative interest rate is a guaranteed default. I just like to pass it on.
GREG: A statement by Ms Yellen yesterday said they had not ruled out the possibility of the FED buying stocks. Would they then be able to control the price of stocks, and possibly end up owning everything???
And then they could govern corporations via a political mandate if they are majority shareholder….
So much for Limited Government.
If it escalates in Syria to the degree of clashing with Russia Just around the election, how many of you think that the elections will be held ? How many think that Obama will continue under those exceptional circumstances into a 3d term (like Roosevelt in WWII -a precedent….!-)?
Is it any surprise that the time for the heating up with Russia is so close to the collapse of Deutsche Bank?
Is it any surprise that the side that is cranking up the temp. is US by bombing known Syrian Army position and breaking the cease fire?
Every thing is screaming WWIII just around the corner before this coming elections that it may not be held.
Time will tell..!
First we have Kerry apologizing for “mistakenly” bombing the good guys … then when Russia “does not make a mistake” and bombs the bad guys Kerry goes into a fit … breaks off negotiations … and talks about sending American boys into Syria to fight against what Russia is doing (killing the bad guys)??? … the gall of these neocons … now they want American mothers sacrifice their sons to fight what Russia is doing (killing the bad guys)??
Obama is an extremely lazy and barely competent man, he does not want to remain in office. He will get out and make millions….
Even his wife(husband) is sick of it.
And it is still imploding, DB is sliding down by 6% today:
This could be the weekend. The Lehman moment for DB.
Wow … listen to how David Icke connects the dots as to the globalist Satanist cabal who are running the world order … and why they prefer death, destruction and sacrifice over life and creation!
Is DB the “bail in” lesson to the “bail out” addicted world?
Or it will be just another as usual QE to infinity day at the expense of Merkel’s political future?
Good interview with Schiff. The guy is definitely one of the smartest economists around, plus he injects some humor into his interviews. Thanks for the good work.
Commerzbank announced it will cut 9,000 jobs/get rid of 2016 dividend.
Recently World Trade Organization reduced its 2016 forecast for global trade volume …. 2.8 percent to 1.7 percent… the slowest increase since 2008
The first wave of run on DB:
Yellen is just following the same policies Alan Greenscam began years ago … the ultimate result will be a US dollar that is worth 1/100th of a cent instead of 3 cents … a minimum wage of $15 dollars per hour will be insufficient to compensate for the destruction of the purchasing power of the US dollar … in the neocons New World Order Utopia of the future everyone will be billionaires (and still not have enough money to pay their bills) … those earning 10 million dollars per year will qualify for food stamps … welcome to the coming New World Dis-Order!