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Bix Weir Predicts 2017 Derivatives Implosion, Trump To Crash System Then Rebuild

“Donald Trump’s prediction that the U.S. economy was on the verge of a ‘very massive recession’ hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner’s calculations…

‘I think we’re sitting on an economic bubble. A financial bubble,’ he said.”

-Reuters.com, April 3, 2016

Precious metals and financial expert Bix Weir recently appeared on former network/investigative correspondent Greg Hunter’s latest project, Greg Hunter’s USAWatchdog.com (“Analyzing the News to Give You A Clear Picture of What’s Really Going On”). In an interview published Tuesday, Weir warned of a coming derivatives implosion and dropped a bombshell when he predicted U.S. President Donald Trump would crash the system, then rebuild. From the exchange between Hunter and Weir:

HUNTER: Isn’t this the year we get the derivatives implosion?
WEIR: Oh definitively. People keep saying, “Well, if Greece leaves the EU, it’s not going to affect the rest of Europe.” Yes it will. It will destroy all the debt based on Greek bonds. It will destroy all the banks- Deutsche Bank, great example. If Deutshce Bank goes, J.P. Morgan goes, Citbank goes, all the banks go. And then the derivative implosion happens. And that’s alway been kind of the home-built nuclear bomb in the financial system is the derivative market- the hundreds of trillions, quadrillions, in derivatives that are so dependent upon third-parties staying in business. Because they are the counter-party to Deutsche Bank, and Citibank, and J.P. Morgan. Once one large derivative holder goes, they all go. We almost saw it in 2008. I think we’re real close to it again. I think Trump is going to push that ticket…
HUNTER: Do you think that we’re close to this derivatives explosion, this implosion, right now? Do you think it’s this year?
WEIR: I do think it’s this year. I think it can happen at any moment. I think Trump has long said that we’re in some huge bubbles and they’ve got to pop. He doesn’t want them popping after he’s fixed half the things in America. So, I would assume he’s going to pop them very soon, in the first few months of his administration. And we’re into that now. There are certain people that I know he needs to get in place. Because the popping of this bubble- this is the big mother of all bubbles.
HUNTER: So he is rushing to get his people in place so he can execute his plan. You’re saying he has a grand plan. That things aren’t just going to happen willy-nilly. You’re saying he’s going to get his people in place and he’s going to force the collapse, the reorganization.
WEIR: Yes. But it’s not his grand plan. This is the plan of the “good guys” that I’ve been talking about…
HUNTER: So why do you think we’re close to an economic reset, an implosion, a derivatives problem, the whole system resetting, changing, whatever. Why do you think we are close?
WEIR: Well, I know that Donald Trump is in charge of the exchange stabilization fund. So it’s basically he has the keys to ending this market rigging game. And once you end the market rigging game, then you can’t support the stock market. And everything has to go to its true fair market value, with real trades, no more derivatives. So Trump can do it. The question is, “Does he want to?” And it’s not just Trump. It’s the people who are behind Trump. I call them the “good guys.”
HUNTER: The Pentagon.
WEIR: Well, there’s people at the Pentagon. Within the military. Patriots. Going back since the sixties a lot of these guys are looking for a little retribution on the “bad guys” taking out Kennedy. But all this goes back to- what does Trump want to do? Trump and his people. Do they want to fix things? Go down that road to starting to fix things with the bubbles still there, with the Fed still printing money. Or, does he really want to fix them. Which means you crash the system first, and then you rebuild. I think it’s the latter. I think he’s trying to get people in place, and then he will crash the system and rebuild.


“Bix Weir-Trump Will Crash System Then Rebuild”
YouTube Video

Weir, who has a presence on the Web at RoadtoRoota.com, recommends selling “anything that has a third-party between you and your hard asset” like stocks and bonds, and buying Bitcoin (“get it out of the system”), gold, and silver- particularly silver. He concluded:

If you’re looking to make money, silver and Bitcoin- you can’t go wrong.

(Editor’s note: Bold added for emphasis)

I’d heard of Bix Weir before, but never read/listened to anything by him before. Very interesting, to say the least.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Martin Armstrong Covered By Washington’s Blog

When I last blogged about economist Martin Armstrong, I discussed his November 24 post on the Armstrong Economics Blog in which he talked about the elimination of cash and his belief “the United States will most likely break apart by 2036.” Disturbing stuff.

Like I’ve said before- for me, the jury’s still out on Armstrong. However, Washington’s Blog, which bills itself as “Real-Time, Well-Researched and Actionable News on America and the World,” published an insightful piece on the man and his forecasts back on December 30. From that post:

Martin Armstrong is a controversial market analyst who correctly predicted the 1987 crash, the top of the Japanese market, and many other market events … more or less to the day.

Many market timers think that Armstrong is one of the very best. Armstrong credits a computer program he created (which he calls “Socrates”) for the accuracy of his forecasting.

Armstrong’s background is even more dramatic because he was jailed for 11 years on trumped-up allegations of contempt, fraud and an alleged Ponzi scheme. Armstrong was ultimately released without any charges, and – as the documentary The Forecaster explains – the 11-year imprisonment was a way to try to pressure him to hand over his forecasting program.

Washington’s Blog sent a reporter to Armstrong’s annual conference in Orlando, Florida, to see what all the buzz is about …

(Editor’s note: Bold added for emphasis)

“Washington” noted Armstrong’s take on:

-Capital flows (declining)
-Debt (private superior to government)
-Europe (more chaos dead-ahead)
-U.S. stocks (bubble coming, then bust)
-European Union (Britain will survive because of Brexit)
-Cash (being eliminated by goverments for taxation purposes, negative interest rates)
-Foreign Account Tax Compliance Act, or FATCA (negative impact on global economy, yet positive for taxation)
-Politicians (self-interested, greedy bastards)

Read all about it on Washington’s Blog here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Back on January 27, 2016, I asked:

Do any readers follow Martin Armstrong, economist at Armstrong Economics (and former chairman of Princeton Economics International Ltd.) and the creator of the Economic Confidence Model? While the jury’s still out on him (for me), I do read his blog almost daily…

I still “read his blog almost daily.” And something Armstrong wrote last week really caught my attention. From “The Termination of Cash Approaching Rapidly”:

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny

(Editor’s note: Bold added for emphasis)

America kaput by 2036- if not earlier?

That’s a pretty disturbing thought. And reading that blog post reminded me of an article I pulled up almost eight years ago on The Wall Street Journal website (my how time flies) by Andrew Osborn, who discussed a similar prediction made by Russian academic Igor Panarin, a former KGB analyst and Dean of the Russian Foreign Ministry’s school for future diplomats (then and now). On December 29, 2008, Osborn wrote:

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control…

California will form the nucleus of what he calls “The Californian Republic,” and will be part of China or under Chinese influence. Texas will be the heart of “The Texas Republic,” a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an “Atlantic America” that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls “The Central North American Republic.” Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia…

(Editor’s note: Bold added for emphasis)

Obviously 2010 came and went… and the good ol’ U.S. of A. remains intact.

But I can’t help but wonder if Panarin’s prediction might not be in the same category as an infamous forecast made by the American financial analyst Meredith Whitney about a wave of municipal defaults. I wrote back on December 22, 2010:

Last night Whitney, now CEO and founder of Meredith Whitney Advisory Group, appeared on CNBC and warned that a wave of defaults by state and local governments in the coming months will cause a sell-off in the municipal bond market, hurting U.S. economic growth and stocks- and causing social unrest

I blogged a year-and-a-half later:

Whitney will eventually be vindicated about the wave of defaults (her timing was just off)…

“Her timing was just off”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

Armstrong, Martin. “The Termination of Cash Approaching Rapidly.” Armstrong Economics Blog. 24 Nov. 2016. (https://www.armstrongeconomics.com/world-news/taxes/the-termination-of-cash-approaching-rapidly-the/). 1 Dec. 2016.

Osborn, Andrew. “As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.” The Wall Street Journal. 29 Dec. 2008. (http://www.wsj.com/articles/SB123051100709638419). 1 Dec. 2016.

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British Preppers’ Take On The June 23 ‘Brexit’ Vote

This afternoon I came across a piece about tomorrow’s “Brexit” vote (deciding whether Britain should leave/ remain in the European Union)- from the standpoint of British preppers- on the Preppers Shop UK Blog. From “The UK’s only dedicated prepping shop” on June 21:

How you should prepare for the EU referendum result.

Whichever side of the fence you sit on, it would be foolish to think that the result wont have a massive effect on everyone.

There are plenty of concerns if we stay in. European army, several new countries joining the EU, the crumbling euro, increased immigration putting strains on services and increased control over our laws from the EU.

If we vote out there will inevitably be a temporary drop in the economy and there is of course uncertainty over what will happen, after all its never been done before.

As preppers we should be considering how it could effect us…

The post went on to discuss the prospects for:

• “Social unrest.”
• “Job loss.”
• “Drop in the sterling.”
• “Food & fuel shortages.”

An insightful look at how America’s prepper cousins “across the pond” perceive Thursday’s historic event, which you can read in its entirety here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Rich Dad Author Robert Kiyosaki: 2016 Market Meltdown ‘Right On Schedule’

The last time I blogged about Robert Kiyosaki, the American entrepreneur, educator, investor, and author of The New York Times best-selling book Rich Dad Poor Dad talked about precious metals in a January 27, 2016, GoldSeek.com Radio interview. From his exchange with host Chris Waltzek:

WALTZEK: People taking a longer-term perspective, picking up some precious metals. You get that diversification. You can sleep a little more soundly at night. And you also know that you’re getting silver at 66 percent off, gold 40-45 percent off the highs. So where’s the risk there?
KIYOSAKI: The risk is not having it. And that’s why I’m laughing about Saturday Night Live and I can’t tell Fox from Saturday Night Live because those guys are a bunch of cartoons up there now. And those are the guys you’re going to count on for your economy? Give me a break. I mean, right now I trust in gold and I trust in silver. I don’t trust the stock market. I don’t trust the Fed. I don’t trust our leaders. I don’t trust the EU to not come apart. You have Puerto Rico in serious trouble. I mean how many other things have you got out there? And you look at the national debt- it’s now $20 trillion. If you want to believe Saturday Night Live characters then you just keep believing. But I’d rather have gold and silver.

The author of the recently-released Second Chance: for Your Money, Your Life and Our World also informed listeners he got out of stocks “fully” last March.

Last week, I spotted a piece about Kiyosaki on MarketWatch.com. Barbara Kollmeyer reported on March 23:

Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement.

Broader U.S. stock markets are recovering from the worst 10-day start to a year on record. But Robert Kiyosaki- who made that 2016 forecast in the 2002 book “Rich Dad’s Prophecy” – says the meltdown is under way, and there’s little investors can do but buy gold or silver and hope the Federal Reserve slows the slide.

Kiyosaki is convinced: The pullback he predicted is happening.

“We’re right on schedule,” he said in a recent interview with MarketWatch…

(Editor’s note: Bold added for emphasis)

Kollmeyer added later:

Kiyosaki told MarketWatch that the combination of demographics and global economic weakness makes the next crash inevitable — but the Fed could stave it off with another round of quantitative easing, which might stimulate the economy…

“The big question [whether] we do ‘QE4,’” said Kiyosaki. “If we do, the stock market will come roaring back, but it’s not rocket science. If we stop printing money, it crashes; if we print money, it goes up. But, eventually, it’s all going to come down.”

(Editor’s note: Bold added for emphasis)

To combat the crash, Kiyoski still places his trust in gold and silver, among other things. From the piece:

He thinks investors should own some gold or silver, based on the view that central banks will just have to print money to get out of the next crisis and precious metals are often deployed as a perceived hedge against inflation. Some investors, meanwhile, might look for investments geared toward income, such as rent payments or dividends, rather than appreciation.

“If you know what you’re doing and are investing for cash flow, baby boomers — or any investors — may see some gains,” he said. “But for those whose wealth is tied up in the [equity] markets, it’s more like gambling than investing.”

(Editor’s note: Bold added for emphasis)

An excellent interview of Kiyosaki by MarketWatch, which you can read in its entirety over on their website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Rich Dad Author Robert Kiyosaki: ‘Right Now, I Trust In Gold And I Trust In Silver’

When I last blogged about Robert Kiyosaki on July 26, 2015, the American entrepreneur, educator, investor, and author of The New York Times best-selling book Rich Dad Poor Dad was bullish on gold and silver. Kiyosaki recently made an appearance on GoldSeek.com Radio, and in the January 27, 2016, broadcast, the real estate guru reaffirmed his “trust” in precious metals. From the exchange with host Chris Waltzek:

WALTZEK: People taking a longer-term perspective, picking up some precious metals. You get that diversification. You can sleep a little more soundly at night. And you also know that you’re getting silver at 66 percent off, gold 40-45 percent off the highs. So where’s the risk there?
KIYOSAKI: The risk is not having it. And that’s why I’m laughing about Saturday Night Live and I can’t tell Fox from Saturday Night Live because those guys are a bunch of cartoons up there now. And those are the guys you’re going to count on for your economy? Give me a break. I mean, right now I trust in gold and I trust in silver. I don’t trust the stock market. I don’t trust the Fed. I don’t trust our leaders. I don’t trust the EU to not come apart. You have Puerto Rico in serious trouble. I mean how many other things have you got out there? And you look at the national debt- it’s now $20 trillion. If you want to believe Saturday Night Live characters then you just keep believing. But I’d rather have gold and silver.


“GSR interviews ROBERT KIYOSAKI – Jan 27, 2016 Nugget”
YouTube Video

The author of the recently-released Second Chance: for Your Money, Your Life and Our World also informed listeners he got out of stocks “fully” last March.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Islamic State Preparing Terrorist Attacks On Europe, Russia?

This last day of the blogging week I’ll be turning away from economics/finance/investing and focusing on terrorism. The latest warnings include Europe/Russia possibly being in the jihadist’s crosshairs. From the Agence France-Presse (AFP) Monday:

The Islamic State group has honed the ability to launch global attacks and is set to focus more on Europe following the Paris massacre, the chief of the EU police agency Europol said Monday.

Rob Wainwright told a news conference that “the so-called Islamic State had developed a new combat style capability to carry out a campaign of large-scale terrorist attacks on a global stage — with a particular focus in Europe.”

“So-called Islamic State has a willingness and a capability to carry out further attacks in Europe, and of course all national authorities are working to prevent that from happening,” he added.

Wainwright was unveiling the findings of a new Europol report on changes in how the jihadist group operates…

“IS is preparing more terrorist attacks, including more ‘Mumbai-style’ attacks, to be executed in member states of the EU, and in France in particular,” the Europol report said.

“The attacks will be primarily directed at soft targets, because of the impact it generates. Both the November Paris attacks and the October 2015 bombing of a Russian airliner suggest a shift in IS strategy towards going global.”

IS had developed an “external action command” which was trained for “special forces-style attacks” internationally, the report said…

(Editor’s note: Bold added for emphasis)

“‘Mumbai-style’ attacks.” Something I’ve talked about before on Survival And Prosperity.

The Russians are sounding the alarm over potential ISIS terror strikes as well. From RT.com this morning:

Islamic State cells led by Chechen recruiter Akhmed Chetayev are planning terrorist attacks in Russia and Europe, Moscow’s National Anti-Terrorist Committee reported. Former Iraqi army officers are taking part in training terrorists to attack Russia, it added.

“Russian special services have intelligence that certain IS groups are preparing terrorist attacks in Russia and European nations,” Andrey Przhezdomsky, spokesman for the Russian National Anti-Terrorist Committee, warned on Friday. “In particular, a battalion formed mainly from recruits from North Caucasus headed by Akhmed Chetayev, nicknamed One-Handed.”

Chetayev’s group reportedly includes dozens of people born in Russia’s southern republics who traveled to Syria to join the ranks of Islamic State (IS, formerly ISIS/ISIL).

The official added that former Iraqi army officers who served under Saddam Hussein are training the terrorists…

(Editor’s note: Bold added for emphasis)

Caucasian jihadists? I’d heard the bad guys were looking for these as their appearance might help them “fly under the radar” (no pun intended) of existing counter-terrorism setups.

Stay safe…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“IS planning for ‘large-scale’ attacks on Europe: Europol.” Agence France-Presse. 25 Jan. 2016. (http://news.yahoo.com/planning-large-scale-attacks-europe-europol-002121327.html). 29 Jan. 2016.

“Special ISIS cells preparing terror attacks in Europe and Russia – Russian anti-terrorism body.” RT. 29 Jan. 2016. (https://www.rt.com/news/330556-isis-terror-europe-russia/). 29 Jan. 2016.

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