Another Sign of the Next Big Bust

Several people who called the last crash (2008) accurately and months in advance have been warning that there are signs that perhaps this fall or winter the next big crash will occur.

John Michael Greer is one of those people, and he noticed this article:
www.dailyimpact.net/2014/09/06/rats-start-to-leave-the-fracking-ship/

Some excerpts:

“The first sign of a doomed ship is said to be the urgent departure of its rats; the first sign of fire in a crowded theater is not the guy who shouts it out, but the several people with good noses who start to sidle quietly but purposefully toward the exits. In the world of America’s bogus oil and gas fracking revolution, the nostrils of the rats and the smoke-sensitive alike are beginning to twitch. Let us watch those noses.“

“…one of the top oil commodity traders in the world — in other words, one of the big rats who have been playing in the oil market as if it were a big casino, as if no one got hurt by their machinations — is tip-toeing down the mooring lines of the shale oil revolution in search of safer ground. His name is Andrew John Hall, and he says shale-oil production in the United States is about to fall off a cliff.“

Others making moves to get out: Dutch Royal Shell, and BP is putting its shale accounts into another name,

“Pay very close attention to the mooring lines and the exits in the coming months. You might not want to associate with the first people fleeing (and leaving women and children to their own devices) but you might want to follow suit. For the sake of your women and children. “

Another article JMG cited is here: www.dailyimpact.net/2014/09/09/masters-of-the-universe-head-for-exits/

Some excerpts:

“The list of stock market players who are talking openly about the danger of an imminent crash (in doublespeak, that’s “correction”) is growing fast. This is all the more remarkable when you remember that it is generally against the best interests of players to warn people away from the game at which they are making their money. They are, in a sense, yelling “Fire!” in a crowded casino; either they know nobody is going to pay any attention, or they are sitting next to a pre-dug tunnel out. Or there really is a fire.

Rich people are in general given too much deference in our money-worshiping culture. We don’t do that here. But people who speak against their apparent interests are especially interesting, and it usually behooves us to listen to what they have to say. “

[This is followed by a list with quotes of some of the top players.]

“As we have reported here over and over again, none of these people seem to be aware of, let alone include in their calculations, the impending collapse of the shale-oil bubble, which raises all the risk factors in the market by orders of magnitude. Scared as they are, the Masters of the Universe aren’t nearly scared enough.“

So, yeah– it seems we’re getting much closer. I can feel the clock ticking, but I can only go as fast as I can go. Hopefully, we have our next living situation figured out before the next bust.