It Has Started

[blackfeather]

it appears the worldwide 'real' economy has ground to a halt!!



Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss.



This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.  www.zerohedge.com/news/2016-01-11/nothing-moving-baltic-dry-crashes-insiders-warn-commerce-has-come-halt

The auto bubble has yet to burst, but its negative effects are already starting to gradually appear.



For one, delinquencies on car loans have increased by nearly 120 percent, from just over 1 percent in 2010 to 2.62 percent in 2014. Since cars rapidly depreciate in value, this number is projected to spike. By the time these six, seven, and eight year no-money down loans are due to be paid in full, many of these vehicles won’t be worth paying off anymore — maintenance and loan costs will start exceeding the value of the cars. www.zerohedge.com/news/2016-01-11/auto-loan-bubble-ready-pop

I could go on quoting more articles, but the FOREX seems to have blown up over the weekend, many currencies are plummeting.  Stock markets around the world are falling, and China is predicting a long slow "L" shaped recovery from its crash last week.  Some are talking of an unwinding of all the bubbles the Fed policies have inflated like the car loans mentioned above.  Others are predicting QE4 or some sort of stimulus to keep the whole thing from crashing.   I was listening to Egon Von Greyerz , he is expecting the markets to go down over the next 2 to 4 years dramatically and the whole thing to take 5 to 7 years to unwind.  He poses the reason it won't go quicker is that all countries will be printing money and devaluing currencies to delay the bubbles from popping.  kingworldnews.com/the-trigger-for-the-implosion-of-the-world-economy/

So the great unwind has begun, or should I call it the "Greater Depression".  Many were expecting it by the end of 2015 but they were a few weeks off.  It is still early, still time to prepare more.  Jim Sinclare wrote the article....  Be prepared.....
www.jsmineset.com/page/2/