it's deja vu all over again...


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The world is drowning in debt... again.

Map_0.jpg

Nothing has changed since 2008... except now there is even more debt.

Mark this date on your calendar:

SEPTEMBER 13th, 2015

On or about this date will be the next financial collapse... and it will make the last one seem like a picnic.

It's almost time to fleece the suckers... again! :laugh:

Greg

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Why that date oh great prognosticator?

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Jud

Why that date oh great prognosticator?

Oh, it's NOT me, Adam!

I don't know s**t. I heard about this from a Rabbi! :laugh:

Financial upheavals have been occurring every seventh year on or about the 29th of Elul on the Jewish lunar based calendar with absolutely stunning regularity.

As examples, check out what happened on:

Monday, September 17th, 2001

Monday, September 29th, 2008

The next one falls on a Sunday, so it will either happen over the weekend, or begin in the US on Monday the 14th when the markets open.

Greg

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Why that date oh great prognosticator?

Oh, it's NOT me, Adam!

I don't know s**t. I heard about this from a Rabbi! :laugh:

Financial upheavals have been occurring every seventh year on or about the 29th of Elul on the Jewish lunar based calendar with absolutely stunning regularity.

As examples, check out what happened on:

Monday, September 17th, 2001

Monday, September 29th, 2008

The next one falls on a Sunday, so it will either happen over the weekend, or begin in the US on Monday the 14th when the markets open.

Greg

For which you will risk money in a speculation?

--Brant

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Why that date oh great prognosticator?

Oh, it's NOT me, Adam!

I don't know s**t. I heard about this from a Rabbi! :laugh:

Financial upheavals have been occurring every seventh year on or about the 29th of Elul on the Jewish lunar based calendar with absolutely stunning regularity.

As examples, check out what happened on:

Monday, September 17th, 2001

Monday, September 29th, 2008

The next one falls on a Sunday, so it will either happen over the weekend, or begin in the US on Monday the 14th when the markets open.

Greg

For which you will risk money in a speculation?

--Brant

No.

I'm not stupid. I never gamble. People who gamble are unethically trying to get something for nothing that they did not actually work to create a profit. I make all the money I need by working.

I have zero exposure to the debt markets, and only operate on a 100% solvency basis. This is how to be impervious to economic collapses and how to consistently prosper regardless of them. I've done this for decades and it works like a charm.

These economic catastrophes are no end of entertainment. :laugh:

People do the same stupid things over and over and the same stupid things happen over and over, while they run around screaming as if it's the first time and they don't deserve it. This repetitive process is completely self inflicted, and the stupid suckers are ready to get fleeced again.

Check those dates for yourself and see what happened on them with your own eyes,

It's freaking uncanny

Greg

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Greg,

I spoke not exactly in sarcasm, more in exasperation...

You did not reply to my comments in an earlier thread.. "Virtually no property rights in many S. American countries, as a result the majority of the population lives in poverty. But what of the people doing well?"

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[Correction added** -- thank you, Greg]

Greg discovers a map at ZeroHedge.com that images the ratio between government debt and Gross Domestic Product. It is not clear which data year the map represents. A much more comprehensive set of figures and map can be found at the Trading Economics website -- Country List Government Debt to GDP. I notice that the country of Israel has a higher ratio than Iraq, Iran, Mexico or Pakistan (and many others including the Americas, notably Brazil and Argentina).

This is a screenshot of the interactive graphic at the data page from global information to 2013/14:

Country_List_Government_Debt_to_GDP.png

-- Greg also mentions a red-letter date, September 13, 2015** September 28, 2015.

This is the day of a total lunar eclipse, and one that will be visible from over Europe, the Middle East, Africa, and the Americas. Greg seems to think the eclipse will be directly over Jerusalem -- or rather the unnamed Rabbi thinks this. Not so. He also bets that the eclipse is a harbinger of economic collapse, which collapse of course may happen without reference to the lunar eclipse.

Greg also notes two other dates, September 17, 2001, a Monday and September 29, 2008, also a Monday. The first date marks the first day that financial markets were open after the atrocity of 9/11, when the Dow Jones dropped almost 7%. The second day marks the largest drop in the Dow ever. It followed the failure of a bank-bailout package in Congress (information culled from a Time special on the Top Ten Dow Drops).

Now, a magical astrological connection between the total lunar eclipse this September is predicted to engender another financial day of doom (Greg, no need to head for Israel, the spooky event will be visible from your home). We are invited, by suggestion, to believe that there was a similar total lunar eclipse on both days from 2001 and 2008.

Is it true there were total lunar eclipses on those two days? Nope. Not even close. In 2001, there were partial or penumbral lunar eclipses in July and December. The only total lunar eclipse in 2001 was on January 9-10.

On to 2008. When were the total lunar eclipses that year? Why, on February 21 (total) and August 16 (partial).

The purported mystical connection of the lunar eclipses to the Jewish New Year -- and to financial meltdowns -- is posited on a coincidence of dates: Holiday/Meltdown/Eclipse. Is there any discernible persistent pattern? I will leave that to my readers, who can consult the American Rosh HaShana schedule here.

Let's look, though, at the two 'crash' dates in 2001 and 2008, and forget about the other top ten dates from Time. Is there a calendrical tie-in?

Not really. In 2001, the Jewish New Year fell on September 29th, twelve days off from Greg's crash note and nine months after the eclipse. In 2008, surprise surprise, the holiday fell on the 30th of September! But of course the lunar spectacle had passed eight months before ...

To be fair to OL's Astrologer-in-Chief, he has no doubt garbled the portents from the mysterious, unnamed Rabbi. Someone could ask for the name and we can move on to the actual predictions of that worthy gentleman/crank.

[For those who are curious about the prophetic tradition, it is rooted in the Bible, the book of Joel, which everyone should have handy in times like these. "The sun will turn into darkness, and the moon into blood, before the great and terrible day of the Lord comes."

As for the Rabbi, who knows? It could be Rabbi Vaknin. It could be Rabbi pastor Biltz. It could be Rabbi pastor Hagee. Or it could be the Man in the Moon.

It is always amusing when religious gibberish becomes an OL article. Rationality I guess sometimes must give way to crazy portents in the sky. BEWARE THE FALSE PROPHETS OF DOOM!

Here is the raving Rabbi pastor Biltz:

] Edited by william.scherk
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To be fair to OL's Astrologer-in-Chief, he has no doubt garbled the portents from the mysterious, unnamed Rabbi. Someone could ask for the name and we can move on to the actual predictions of that worthy gentleman/crank.

It's probably someone from Prager "University," which is one of Greg's primary sources of "knowledge."

J

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The debt Israel didn't have to accumulate--beyond what was--was accumulated by the United States instead on its behalf in US currency public debt the US owes to itself. I suspect it used to be much more significant than today.

--Brant

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Greg,

I spoke not exactly in sarcasm, more in exasperation...

You did not reply to my comments in an earlier thread.. "Virtually no property rights in many S. American countries, as a result the majority of the population lives in poverty. But what of the people doing well?"

Hey Mike, :smile:

No problem because no offense was taken.

I checked that thread and it appears your comments were directed to William... however I'll answer as if you addressed me.

Answer:

South America is not the USA.

They operate on different values because their countries were not formed in the truly unique way America was founded. So the bottom line is:

America is exceptional... and thank God for that.

Greg

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-- Greg also mentions a red-letter date, September 13, 2015. This is the day of a total lunar eclipse,

That's incorrect, William...
in your eagerness to find something wrong you're making errors of your own.
There's actually a partial solar eclipse on the 13th.
The total lunar eclipse is on the 28th of September.
He also bets that the eclipse is a harbinger of economic collapse, which collapse of course may happen without reference to the lunar eclipse.
The eclipse is only an indication... not a cause.
Now, a magical astrological connection between the total lunar eclipse this September is predicted to engender another financial day of doom
Not a day of doom for me... only for the something-for-nothing suckers who "invested" in debt. You'd think they would have learned by now... but they haven't.
We are invited, by suggestion, to believe that there was a similar total lunar eclipse on both days from 2001 and 2008.
Again, the prissy leftist queenly "we"... you revert to that a lot. And you're assumption is wrong again. This coming event just happened to be under an eclipse. The 29th of Ulel in a seventh year occurs because it's on the Jewish lunar calendar, not because it's an eclipse.
Someone could ask for the name and we can move on to the actual predictions of that worthy gentleman/crank.
I'll put an end to your wild guessing game now... his name is Jonathan Cahn.
That "crank" gave a speech at Obama's Inaugural Prayer Breakfast in 2013, and has just addressed the UN recently. What have you done lately, bureaucratic blind scribe?
And by the way, you're wrong again. The lunar eclipse will be total over Jerusalem.
Greg
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Greg,

I spoke not exactly in sarcasm, more in exasperation...

You did not reply to my comments in an earlier thread.. "Virtually no property rights in many S. American countries, as a result the majority of the population lives in poverty. But what of the people doing well?"

Hey Mike, :smile:

No problem because no offense was taken.

I checked that thread and it appears your comments were directed to William... however I'll answer as if you addressed me.

Answer:

South America is not the USA.

They operate on different values because their countries were not formed in the truly unique way America was founded. So the bottom line is:

America is exceptional... and thank God for that.

Greg

You're not allowed to say that. The demonstrators are searching Joshua Tree and Death Valley looking for your address. They think they're going to find you because they are exceptional. (I'm telling them to look in Nevada next.)

--Brant

(Meanwhile, back at the ranch, Greg is preparing a vegetarian barbeque; if the demonstrators show up he'll offer them water)

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Greg,

I spoke not exactly in sarcasm, more in exasperation...

You did not reply to my comments in an earlier thread.. "Virtually no property rights in many S. American countries, as a result the majority of the population lives in poverty. But what of the people doing well?"

Hey Mike, :smile:

No problem because no offense was taken.

I checked that thread and it appears your comments were directed to William... however I'll answer as if you addressed me.

Answer:

South America is not the USA.

They operate on different values because their countries were not formed in the truly unique way America was founded. So the bottom line is:

America is exceptional... and thank God for that.

Greg

My point about S. America is without property rights perhaps 99% of the population lives in poverty with no way out. None. Of the remaining 1% perhaps .01% has actual power, the remaining .99% are privileged to work for the .01% but don't really have any actual rights. I'm sure many of these .99% are hard working skilled tradesmen or professionals like yourself and perhaps very well off, even compared to yourself. It's possible they feel the same way you do "everyone gets what they deserve". How does the accident of your living in the United States distinguish you from them given the steady erosion of our rights, including property rights, here in the US? Where are your protests against your rights being converted one by one into privileges given by an elite? What happens to the argument:

"

First they came for the Socialists, and I did not speak out—

Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—

Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—

Because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

"

Everyone gets what they deserve?

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Look, I can't find the book (I'll keep looking) but I was astonished by how large the populations of truly hopelessly poor people is in some countries, not just in South America. Not because the people are stupid, the difference is capitalism. These people have no right to property, no way to invest in their future.

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My point about S. America is without property rights perhaps 99% of the population lives in poverty with no way out. None. Of the remaining 1% perhaps .01% has actual power, the remaining .99% are privileged to work for the .01% but don't really have any actual rights.

That's perfectly normal for every dime a dozen liberal socialist s**thole on Earth. So what else is new, Mike? :smile:

It takes a lot of people with crappy moral values to create crappy countries in their own crappy image.

I'm sure many of these .99% are hard working skilled tradesmen or professionals like yourself...

The ones like me leave the socialist crapholes and come to America. :smile:

How does the accident of your living in the United States distinguish you from them given the steady erosion of our rights, including property rights, here in the US?

But my property rights haven't eroded, Mike.

My wife and I are enjoying our lives on our property without any government interference. And it leaves us alone because we have no need of anything it offers. Neither of us participate in any government programs, and I've not taken one cent in Veteran's benefits. The government can't even guarantee our mortgage because we don't have one.

The government can only exercise control over those who need what it offers to them.

NEED... the hook with the barb that catches in the mouth of the fish who swallows the benefits "bait". The government catches lots of fish on that hook...

...meanwhile I'm safely on dry land because I'm not even a fish. :laugh:

"First they came for the Socialists, and I did not speak out—

Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—

Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—

Because I was not a Jew.

But they couldn't come for me— because I DIDN'T NEED them!" :laugh:

Greg :wink:

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Look, I can't find the book (I'll keep looking) but I was astonished by how large the populations of truly hopelessly poor people is in some countries, not just in South America. Not because the people are stupid, the difference is capitalism. These people have no right to property, no way to invest in their future.

They have some property rights variable, of course, country to country. American culture is essentially derived from Great Britain and its political-philosophical religious and other traditions going back many centuries before. There is one good place to invest in South America right now and that's Columbia. If you're a mega-corporation, maybe Mexico. Brazil is always for the future which never arrives. Argentina is hopeless. The country that best fits your scenario is Venezuela.

--Brant

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The country that best fits your scenario is Venezuela.

--Brant

Today, Venezuela has at best a tenuous grip on the rule of law. This is nowhere more visible than in the monetary sphere. The country’s foreign exchange reserves are falling like a stone (see the accompanying chart). Relative to the mighty U.S. dollar, Venezuela’s currency, the bolivar, is

also falling like a stone. Indeed, it has lost 47% against the greenback just since the start of the year (see the accompanying chart).

http://files.ctctcdn.com/49d59cb2401/65e7767c-f7f9-41aa-a7ed-7b0cc65242a1.pdf

Couple of interesting charts.

A...

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It is always amusing when religious gibberish becomes an OL article. Rationality I guess sometimes must give way to crazy portents in the sky. BEWARE THE FALSE PROPHETS OF DOOM!

Here is the raving Rabbi pastor Biltz:

]

Blood Moon = atmospheric refraction phenomenon. Totally Natural!!! It happens regularly and has been happening for several billion years. Beware of prophecy. It is a scam....

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My point about S. America is without property rights perhaps 99% of the population lives in poverty with no way out. None. Of the remaining 1% perhaps .01% has actual power, the remaining .99% are privileged to work for the .01% but don't really have any actual rights.

That's perfectly normal for every dime a dozen liberal socialist s**thole on Earth. So what else is new, Mike? :smile:

It takes a lot of people with crappy moral values to create crappy countries in their own crappy image.

I'm sure many of these .99% are hard working skilled tradesmen or professionals like yourself...

The ones like me leave the socialist crapholes and come to America. :smile:

How does the accident of your living in the United States distinguish you from them given the steady erosion of our rights, including property rights, here in the US?

But my property rights haven't eroded, Mike.

My wife and I are enjoying our lives on our property without any government interference. And it leaves us alone because we have no need of anything it offers. Neither of us participate in any government programs, and I've not taken one cent in Veteran's benefits. The government can't even guarantee our mortgage because we don't have one.

The government can only exercise control over those who need what it offers to them.

NEED... the hook with the barb that catches in the mouth of the fish who swallows the benefits "bait". The government catches lots of fish on that hook...

...meanwhile I'm safely on dry land because I'm not even a fish. :laugh:

"First they came for the Socialists, and I did not speak out—

Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—

Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—

Because I was not a Jew.

But they couldn't come for me— because I DIDN'T NEED them!" :laugh:

Greg :wink:

Greg, I suggest you read the introductory pages of the book: free on Amazon. Then defend your statement that you don't use or need any government services. When the government stops recognizing your title to your property and defending it good luck in keeping it. It may be that your entrepreneurship extends only as far as your selling your own skilled services (as in my examples of the .99% in non-capitalist non-free countries), you have no need of borrowing and investing or desire to take risks, it doesn't mean that with the continued erosion of rights and progression to socialism that your property and freedom won't be taken from you, on a whim of some bureaucrat if nothing else. Simply repeating "this is American" and implying a status quo of rights respecting does not recognize the erosion of that culture which has been happening in our lifetimes. We are almost exactly the same age, I'm sure you heard "It's a free country" a thousand times as a youth. How often to you hear that in casual conversation these days? If you were in a foxhole and never raised your head up would you say to the persons who did (and perhaps lost their lives) "you got what you deserved?"

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Greg, I suggest you read the introductory pages of the book: free on Amazon. Then defend your statement that you don't use or need any government services.

I see, Mike. Maybe this will clarify.

There's a big difference between government services, and government transfer of wealth benefits programs. I'm totally happy to pay my taxes for the infrastructure services I receive, like roads, Fire department, Police, and the military...

...but I have no need for the benefits programs it offers. because that's where the sanction of the victim for intrusive government control is granted.

I'm sure that book has nice ideas, but there's no need to read a book when I live American Capitalism every day in my business. So the only principles I need to know are:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.

--Thomas Jefferson

“Our Constitution was made only for a moral and religious people”. It is wholly inadequate to the government of any other.”

– John Adams

So the only requirement is that I live a life which is deserving of those God given rights... and they are mine to enjoy...

...and the only reason those rights are eroding for others is that they are not living lives deserving of them.

In America today, everyone is getting the government they deserve...

...because it answers to exactly the same higher moral law that we do. :smile:

Greg

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