Great Depression 2 underway as of July 25, 2014

Handle123 said:
I don't see this happening at this time just yet, the 80 year depression is late, but not enough bad has happened and I haven't bought overseas home yet but I am looking, but rest assured, I will. Cause when the crap really hits the fan, people will become rabid and any common decency will be gone. Marshall law will take place, no food, it will be just like 1930s only worse cause society is NOT like the 1930s. And no amount of government intervention will help with astro debt and rising interest rates.
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In line with your thinking, Handle123 here are the steps I have taken well in advance - actually in the year of the Megaphone's first top, without knowing a top was forming i.e. year 2000. The topping formation has now spanned 14 years

Overseas residence(s) since year 2000 in 3 international destinations, locations perspicaciously selected so as not to be coterminous with areas where riots, strife, demonstrations and revolutions :) might ensue.
Zero debts. Everything is paid for well in advance.
Even with all the preps I find it hard to believe that I will escape unscathed in a "D" - but knowing the tidal wave is coming is a +
 
One such crack in the concrete that screams Deflation is the bull market in Food Stamps that has now even ensnared the middleclass

Since 2009 (the bottom of the crash of Oct 2007 and start of the current bull run into 2014), more than 50 percent of U.S. households receiving food stamps have been adults ages 18 to 59, according to the Census Bureau's Current Population Survey

http://www.foxnews.com/politics/2014/01/26/new-face-food-stamps-working-age-americans/

http://www.washingtonpost.com/sf/national/2013/11/09/too-much-of-too-little/


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https://twitter.com/StockTwits/status/318498640756875264
 
In the Great Depression 1 (1929-32) the unemployment rate hit 25%. The so-called Great Recession of 2007-2009 hit an unemployment U-6 rate of 17.5%

Obama & Co. use the U-3 rate, the U-6 rate is far more accurate and by this measure we are at 12.7% NOW

The Shadowstats.com rate, the one I prefer shows the current Unemployment rate @ 23%

I believe we will eclipse all these numbers in GD 2 and slingshot north of 35%

http://useconomy.about.com/od/suppl1/f/real_unemployment_rate.htm

http://www.shadowstats.com/

 
If we lived in a time where there was true sense of free enterprise, I would agree with you, but with Obama's government of printing money and much of his years as President has been floating debt and so much free money going into the markets, I still believe market will go higher, based on a very dumb theory of hardly any magazines saying Dow 25,000, you have to get people really going out and getting loans to play the market and then the trap will be played. I see this decline as buying opportunity eventually, up too fast has to come down some, but Obama will be pumping again when Congress comes back from vacation.

A bigger problem that over rides food stamps is people running out of unemployment checks and getting disability, I believe it has "doubled" in past several years? They get huge breaks on housing and more food stamps. We are doomed, many of younger genration don't want to even look for work, and dumb Congress don't want to levy taxes on foreign made goods to bring back jobs to USA, drop the Corporate taxes.

But whatever happens, we will keep trading, whether here or Panama.
 
http://www.shadowstats.com/
Handle123 said:
If we lived in a time where there was true sense of free enterprise, I would agree with you, but with Obama's government of printing money and much of his years as President has been floating debt and so much free money going into the markets, I still believe market will go higher, based on a very dumb theory of hardly any magazines saying Dow 25,000, you have to get people really going out and getting loans to play the market and then the trap will be played. I see this decline as buying opportunity eventually, up too fast has to come down some, but Obama will be pumping again when Congress comes back from vacation.

A bigger problem that over rides food stamps is people running out of unemployment checks and getting disability, I believe it has "doubled" in past several years? They get huge breaks on housing and more food stamps. We are doomed, many of younger genration don't want to even look for work, and dumb Congress don't want to levy taxes on foreign made goods to bring back jobs to USA, drop the Corporate taxes.

But whatever happens, we will keep trading, whether here or Panama.
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Amen! Whatever happens we will keep trading. :)
Unfortunately haven't seen any magazine covers lately as good as the high confidence stuff shown below


At Gold's top in 2011
Goldheadlines(3).jpg





Just before the HOUSING Crash

Timecoverrealestate.jpg
 
Gold 1-hour timeframe attempting a breakout thru' overhead trendline in real ti
AfterLOS said:
--------------------------------------------------------------
Here's what I've done and am doing on Gold:
Bought Gold in mid-August 2013 @ $1365
Bought Gold again in late January 2014 @ $1263
Bought Gold again in June 2014 @ $1320

Am NOW poised to BUY on further breakout
@ $1311.40 on 1H
@ $1323 on 4H
@ $1350 on Daily
@ $ 1396 on Daily I go full throttle with afterburners ON

My Eye is on massive support @ $1225. The AXIS of this support is @ $1160

First indication that I am WRONG is if Gold breaks down below $1279
Second indication that I am wrong will be Gold breaks down below $1258
Third indication that I am wrong will be Gold breaks down below $ 1240 (June 3rd, 2014 low)
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Gold attempting a breakout thru' overhead trendline in REAL TIME - trendline breakout @ approx. $1314.11
Added to existing LONGs as I build up positions. STOP = wide leeway, so using the monthly Fib 38.2% level @ $1283 as last line of defense.

4H trendline breakout must occur @ $1318.52 for this not to be a dud.
 
Silver is not only refusing to validate Gold's thrust, she has not even taken out the 200-ema like Gold has. This non-confirmation is a bad sign - it stinks. Silver gotta cross 20.1 & 20.19 & 20.27 = a tall order.
 
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