The Phaserl


This Is For The ‘Nothing Is Happening’ Crowd…

by Michael Snyder, The Economic Collapse Blog:

A lot of people out there expected something to happen in September that did not ultimately happen.  There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.  But without a doubt, some very important things did happen in September.  As I warned about ahead of time, we are witnessing the most significant global financial meltdown since the end of 2008.  All of the largest stock markets in the world are crashing simultaneously, and so far the amount of wealth that has been wiped out worldwide is in excess of 5 trillion dollars.  In addition to stocks, junk bonds are also crashing, and Bank of America says that it is a “slow moving trainwreck that seems to be accelerating“.  Thanks to the commodity price crash, many of the largest commodity traders on the planet are now imploding.  I wrote about the death spiral that has gripped Glencore yesterday.  On Tuesday, the stock price of the largest commodity trader in Asia, the Noble Group, plummeted like a rock and commodity trading giant Trafigura appears to be in worse shapethan either Glencore or the Noble Group.  The total collapse of any of them could easily be a bigger event than the implosion of Lehman Brothers in 2008.  So I honestly do not understand the “nothing is happening” crowd.  It takes ignorance on an almost unbelievable level to try to claim that “nothing is happening” in the financial world right now.

Within the last 60 days, we have seen some things happen that we have never seen before.

For example, did you know that we witnessed the greatest intraday stock market crash in U.S. history on August 24th?

During that day, the Dow Jones Industrial Average plunged from a high of 16,459.75 to a low of 15,370.33 before rebounding substantially. That intraday point swing of 1,089 points was the largest in all of U.S. history.

Overall, the Dow has down 588.40 points that day.  When you combine that decline with the 530.94 point plunge from the previous Friday, you get a total drop of 1119.34 points over two consecutive trading days.  Never before in history had the Dow fallen by more than 500 points on two trading days in a row.  If that entire decline had fallen within one trading day, it would have been the largest stock market crash in U.S. history by a very wide margin, and everyone would be running around saying that author Jonathan Cahn was right again.

But because this massive decline fell over two consecutive trading days that somehow makes him wrong?

Are you kidding me?

Come on people – let’s use some common sense here.  We are already witnessing the greatest global stock market decline in seven years, and after a brief lull things are starting to accelerate once again.  Last night, stocks in Hong Kong were down 629 points and stocks in Japan were down 714 points.  In the U.S., the Nasdaq has had a string of down days recently, and the “death cross” that has just formed has many investors extremely concerned

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6 comments to This Is For The ‘Nothing Is Happening’ Crowd…

  • Millicent

    Sure Mike, CYA… any day now, real soon.

  • Craig escaped from Detroit

    Never try to WAKE up somebody who is ENJOYING their sleep. It is the American dream, to live happy, and then to peacefully DIE in their SLEEP.

    I think they will GET what they wish for. But of course, it won’t be such a peaceful death, because when this TRAIN WRECK starts derailing and everything is crushing, crashing & screeching as it becomes a tangled mess, there will be a LOT of people waking up to the horror of all the money falling off the trestle as the train goes over the edge.

    They will die screaming & crying and saying things like “Nobody could have seen it coming.” & “Nobody warned us.”

    Hahaha.. yeah,, rrrrrrrrrrright. They were warned, but they refused to listen.

    There is NOBODY quite so BLIND as those who REFUSE to see. The 1,000 point crash should have been the 2X4 across the forehead & a great “wake up call”, but the Plunge Protection Team did a good job of hitting the SNOOZE BUTTON.

    But there is a clever old saying “You SNOOZE you LOSE.”

    Yeah, sure,, I’ll sell you this can of beans for your gold necklace & your wife’s wedding band.

    NEXT. step aside, I’ve got MORE cans to sell.

    • Millicent

      “when this TRAIN WRECK starts”. Most likely not in our lifetimes… that is your greatest fear.

      • Craig escaped from Detroit

        I have no time table formula for when the world debt bombs & market frauds will crash, but the logical facts show that a crash must come, and the objects of fraud in the rear view mirror, are closer than they appear.

        I clearly remember back before 2008, when all the TV pundits, and market “experts” said that everything was awesome. Housing prices were going to be climbing higher by 5-10% every year till kingdom come.

        Financial shows & Pundits were having a great time laughing at Peter Schiff predicting a crash.

        The pundits were announcing (early in the crash) that SUB-PRIME is contained.

        To refresh our memories about the way PETER SCHIFF was warning about the coming train wreck and was laughed at. But after it came, they stopped laughing.

        Peter Was Right. A compilation of his warnings PRIOR to 2008. It’s GREAT.

        THis little video, is the famous Hitler Spoof,, and this one, is about “Peter Schiff was right”.
        I laughed really good at this.

  • randy0302

    Wild theories floating around with no basis in reality? Ya think??
    Yea some fool wrote about people freaking out about this “super blood moon”…some idiota
    Did you think we forgot that?? fool.
    After writing that rubbish days ago you now attempt to save face?

    But Ouch you just threw the SGT under the bus and jumped under yourself:

    -Dave Hodges
    -Steve Quail
    -Bo Polny (bull only)
    -Shemita and Bible profits (lol)
    -Marshall Swing

    SGT Report needs a sanity filter

  • Christine

    You’re being harsh on SGT. Sean’s job is to get people to use whatever common sense they have and to find the kind of information that helps them function and find their place in a brainwashed and extremist world subjected to thousands of years of lies and manipulation. Those who are capable of discerning what helps them and what hurts them know whom to choose to listen to. Those who don’t will fall for anything. It’s not Sean’s job to protect people from the world insanity by hiding it. It is his job to give people the choice of what they want to believe in by not suppressing any info, regardless how crazy and unsubstantiated it is.

    We’re all crazy anyway.

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