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I’ve been following Brandon Smith ever since 2011. It was on cold snowy Montana night in Perkins restaurant when Brandon introduced many Oath Keepers and Patriots to: a plan for a “global economic reset” to replace the U.S. dollar as the world reserve currency, China’s role in a global currency, Yuan, IMF’s Special Drawing Rights (SDR’s), Baltic Dry Index etc. Brandon was probably the youngest guy in the room. But he immediately commanded the respect of the rest of us.
Any financial analyst can attempt to explain ‘what IS happening’. Brandon Smith PREDICTS ‘what WILL happen’ and supports his predictions with facts. He has arguably a track record second to none.
You say “I should also note that the St. Louis Fed recently ended its reporting of data on cuts from week-to-week (known as FRED data). There are other sources for this data,”
Do you mind telling what those other sources are?
Thanks
You say “I should also note that the St. Louis Fed recently ended its reporting of data on cuts from week-to-week (known as FRED data). There are other sources for this data,”
Do you mind telling what those other sources are?
I have known for a while the stock market doesn’t deal in “real” money, but couldn’t get to the how or why. Now it makes sense. Seems the Fed should be charged under RICO statutes.
It seems the fear traders should review their past doom and gloom articles before again stating collapse is right around the corner.
The following is just a few of Mr. Smith’s predictions over the last 4 years.
And he has been wrong.
The dollar is strong against all other currencies; it constitutes the bulk of trade and is the major player in SDR’s. We also have the strongest military anywhere in the world.
And the Dollar is still King circa 2018!
Fear Trade- Brandon Smith
“It won’t happen overnight. The economic collapse is a “process, not an event” – one that takes place over the course of several years, even a decade. According to Brandon Smith, 2017 will likely see a major acceleration of that collapse”
“That’s right, mark my words, one day ‘soon’ the Fed, the IMF, the BIS and others will attempt to convince the American people that the erosion of the economy and the loss of world reserve status is actually a “good thing”.
August 27, 2015”
“The bottom line is that the stock market, the greatest false indicator of all time, is on the verge of implosion; and the banking elites are positioning themselves to avoid blame for this implosion while the rest of us are being sold on the most elaborate recovery con-game ever conceived.”
The ceremony initiating our nation’s fiscal destruction will likely take place in the near term.”
Nov 12, 2014
See Jim Rickards, Harry Dent, Peter Schiff and now Brandon Smith.
The money must be good in the con of fear trading
Agreed. Doom porn pays almost as well as its namesake.
You were also kind enough not to mention the example from this very article:
“In reality, headlines never actually dictated stock prices…”-Brandon Smith
Less than 10 hours after this article posted:
“…and then EU trade concessions deal headlines sent traders into a buying panic, sending US stocks soaring…”-Zerohedge
Dow up almost 200, NASDAQ up almost 100, S&P 500 flirting with ATH’s. HF machines that scan headlines and other sources do 80% of all trades after the first half hour of trading and up to the last half hour.
I appreciate what all the people you mentioned have done to inform an otherwise ignorant population of the behind-closed-doors operations in the financial world, but the predictions have become ridiculous. I look at them with the same disdain some have for predictions of comets destroying Tennessee. Most of these rants have become nothing more than preaching to the choir. Most of us are well aware of the evils of the Federal Reserve and Wall Street. The question is when do we start to do something about it.
“Markets can remain irrational a lot longer than you and I can remain solvent.”
Great reply, DD. Made me laugh, too.
One thing I always thought was interesting about economics is that all the theories attempt to be based on rational actors. However, there is nothing rational about economics. It just seems as change is always the thing to fear.
I can recall when oil prices where really high, the talking heads said that was something to fear. Then, when the oil priced collapsed, the talking heads also said low oil prices were something to fear. Fear is the constant.
Skip, specifically what analysts would you recommend that we listen to for the most accurate financial and global world order predictions?
Check out Martin Armstrong
I’ve been hearing this gloom and doom stuff for many years. Even just last night on Coast to Coast AM there was some nutbag claiming silver at $2000 and ounce in the next few months. If silver goes that high, you are talking a loaf of bread at $100 or more. Over time I expect silver to hit maybe $200. Even then it will be FED caused inflation that causes the climb, not an actual growth in the real value of silver based on availability in the market place.
As far as FED manipulation of the stock market, this is the one area where I agree with Brandon Smith and all the rest. The FED works to keep the market going strong, however the players in the market actually do react to the headlines. Heck even a conversation on Fox Business Network has prompted a rise or fall in the Dow, S&P 500, and the NASDAQ. Look at what happened with the talks between Trump and Juncker at the European Commission. Trade deal equal stock rise, and that is just preliminary talks with no real outcome. They have a long way to go.
I believe the economy is going to crash. When? I don’t know, and neither does anyone else. That doesn’t mean we shouldn’t get prepared today. Actually it means we should, and soon. The FED is the biggest threat to us all. It will be the actual cause of the coming collapse. My guess is soon. I used to think it would happen before the 2018 elections, possibly the October surprise, now I’m not so sure. We may have until just before the 2020 elections. It’s all up to the FED and the Deep State.
To Rodger D
The best financial advisor are local professionals that work with you based on your assets, your risk thresholds, your age and if you want growth or capital preservation.
To build wealth is really easy if your expenses are less than your bills and you invest 10% into tangible items and not the latest CDO’s or derivatives that were popular 11 years ago before they all blew up.
Also, there is the time factor in investing. The earlier you save the more growth one will achieve given even modest gains.
I like the idea of diversity,( only in economics), that spread risk across over many areas.
That wisdom came from Solomon to have 7-8 investment strategies; Ecclesiastes 11:2
Now if it’s your plan to build wealth,( note all wealth is from God; Deuteronomy 8:18), for just you and never share or give to others than your plan will fail.
The future global world order is found in Revelations 1:8;
“I am the Alpha and the Omega, says The Lord God,” who is and who was and who is to come
The Almighty
Amen brother. And the best financial advisor is Jesus Christ: “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” – Matthew 6:19
Skip, whoa. You failed to answer my question. You disparaged four analysts. OK. Then specifically what analysts would you recommend that we listen to for the most accurate financial and global world order predictions?
Rodger D
I did not disparage those men. I just brought up their past statements that showed they were wrong with future predictions on global events and how that relates to US economy.
Your question about who do I suggest one should listen to concerning world events and I told you it’s found in Scripture.
No man knows what tomorrow will bring, but Scripture tells us in very specific language on how world events will shape mankind’s future.
However, Christians are told not to worry about them.
Proverbs 3:5 “ Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge Him and He will make your paths straight.”
Interesting article. Seems logical. At times I sensed a cynical view of what the Fed was trying to do. What I didn’t see was any discussion of should the Fed still have all these assets on its balance sheet (I would say no). if the Fed is selling off assets like it should this would be good long term even if painful short term. If they are selling it would also be good if they did it slowly and under the radar so as not to alarm the market or otherwise influence the market or interest rates beyond the effect of selling assets and shrinking the money supply. The Fed is really in a bad spot. Congress can’t balance spending and revenues, working hard to increase spending and reduce revenues instead of the other way around. Corporations aren’t investing in productivity improvements and instead are playing financial games to increase share prices and CEO bonuses. The Fed has way too many assets on its balance sheet. Interest rates are artificially low by historic standards. Banks are gambling again. Pension funds aren’t fully funded and aren’t using realistic earnings assumptions. 50 to 75% of people live paycheck to paycheck, with a significant portion struggling to pay for basic necessities. We use a single inflation value when in reality inflation rates are different in different sectors of the economy. I don’t see easy answers.
Dan Celia http://www.financialissues.org Rational, sensible, practical.