Read the story here. Advertise at Before It's News here.
Profile image
By Josey Wales (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

2015 Crash Has Begun: This Truly Is A Global Financial Panic, X22Report, Rick Rule, Harry Dent (Video)

% of readers think this story is Fact. Add your two cents.

Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the world. 

In this report I will show you how the plunging oil price is having a negative effect on the economy, how many countries around the world are already experiencing negative market effect from the falling oil prices and a few videos that share some experts point of view so you can better understand exactly what is occurring. 

In the first video economist Harry Dent shares his experience with you and explains how we maybe entering a deflationary spiral, and what to expect over the next 6 years.

The second video is a market report summary for week ending Dec 12th 2014. It verifies the market information presented in this post.

The third video is from the X22Report, also explaining what happened last week in current events that also point to world markets in trouble and the esclation of conflicts around the world. Including how central bankers are confiscating wealth and the recent lone wolf warning sent to law enforcement agencies in the U.S., looking for domestic terrorists who do not agree with this government.

The fourth video walks us through the 3 most important events that occurred last week that everyone should understand, these events definitely raise red flags.

On June 16th, U.S. oil was trading at a price of $107.52.  Since then, it has fallen by almost 50 dollars in less than 6 months.  This has only happened one other time in our history.  In the summer of 2008, the price of oil utterly collapsed and we all remember what happened after that.

Well, the same patterns that we witnessed back in 2008 are happening again.  As the price of oil crashed in 2008, so did prices for a whole host of other commodities.  That is happening again.

Once commodities started crashing, the market for junk bonds started to implode.  That is also happening again.

Finally, toward the end of 2008, we witnessed a horrifying stock market crash.  Could we be on the verge of another major one?

As you are about to see in the video below, financial guru Harry Dent thinks the economy is teetering on the edge and contends, “They are doing everything to prevent it, but everything they do to prevent it from blowing up is making it worse.

This is a game they cannot win–mark my words, cannot win, and we are going to see a major crisis . . . especially over the next two years.

These falling oil prices trigger these fracking firms. They have 20% of the junk bond high yield debt in the United States, and that’s all it takes to trigger another financial crisis just like the subprime crisis back in 2008. All it takes is a trigger and the whole debt thing comes down.”

What we witnessed last week is being described as “a bloodbath” that was truly global in scope.  The following is how Zero Hedge summarized the carnage…

  • WTI’s 2nd worst week in over 3 years (down 10 of last 11 weeks)
  • Dow’s worst worst week in 3 years
  • Financials worst week in 2 months
  • Materials worst week since Sept 2011
  • VIX’s Biggest week since Sept 2011
  • Gold’s best week in 6 months
  • Silver’s last 2 weeks are best in 6 months
  • HY Credit’s worst 2 weeks since May 2012
  • IG Credit’s worst week in 2 months
  • 10Y Yield’s best week since June 2012
  • US Oil Rig Count worst week in 2 years
  • The USDollar’s worst week since July 2013
  • USDJPY’s worst week since June 2013
  • Portugal Bonds worst week since July 2011
  • Greek stocks worst week since 1987

But despite all of the carnage that we witnessed in the U.S. and in Europe last week, things are actually far worse for financial markets in the Middle East.

Just check out what happened on the other side of the planet on Sunday

Stock markets in the Persian Gulf got drilled Sunday as worries about further price declines grew. The Dubai stock index fell 7.6% Sunday, the equivalent of a 1,313-point plunge in the Dow Jones industrial average. The Saudi Arabian market fell 3.3%.

Overall, Dubai stocks are down a whopping 23 percent over the last two weeks, and full-blown stock market crashes are happening in Qatar and Kuwait too.

Like I said, this is turning out to be a truly global financial panic.

December 12 2014, Weekly Stock Market Wrap up:

X22Report: In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different.

SGT REPORT ECONOMIC NEWS UPDATE: Documenting the Collapse for the week ending Friday, Dec 12, 2104.

- The System IS Collapsing, Here’s the Latest Dramatic Proof:
- U.S Treasury seeks ‘Survival Kits’ for Federal Bank Examiners
- CME Implements $400 wide gold circuit breakers for vast price swings
- U.S. Taxpayers Now On The Hook For $303 TRILLION in Wall Street Derivatives    The Derivatives Nightmare & Precious Metals Move To Strong Retail Hands — Rick Rule

Rick Rule joins us to talk about the Wall Street Derivatives nightmare, and as Rick outlines it, the real world move of PHYSICAL silver and gold from weak institutional hands to strong retail hands.

Rick Rule and Harry dent have differing opinions on the price and importance of presious metals in this economic decline, be aware of both perspectives and make your own decisions on what finnancil protection is best for your circumstamces.

Keep you eye on the ball folks, 2015 is setting up to be quit an interesting year.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 7 comments
    • Norry

      This Usury (GREED) system has to either go completely or be adjusted to a more socialist humanitarian viewpoint.
      Collapsing economies collapse by plan. That plan was put in train long before the interwebs started broadening the minds of the flock. I was awoken by an extraordinary source many years ago to ” their ” plan to tear the fabric of society apart, bring it to its’ knees ! Have people feeling hopeless, trusting neither clergy, their so called leaders or any established body, then wreck the economy a few times to make extraordinarily more money for a few by robbing the meek. The source was no prophet but was being groomed, the whole thing scared him , the scariest was the fact the person doing the grooming was early twenties but yielded extraordinary authority !
      Our heroes are movie stars and warmongers, take heart, know the truth, and then this planned nightmare is so much easier to fathom.

      Just heard that the bonuses received since 2008 by these greedy few could double the basic wage earners paypacket for a year ! They are collectively in the billions ! GREED ? Lots more to come.

    • Boxed in Freight

      How can lower energy be anything but good for the economy?

      I say, FEAR PORN, to this crash article…


      I say, where was (!)PA$TURE LIND$EY WILLIAM$ TELLING US ABOUT $50 OIL?
      I say, where was (!)PA$TURE LIND$EY WILLIAM$ TELLING US ABOUT $50 OIL?
      I say, where was (!)PA$TURE LIND$EY WILLIAM$ TELLING US ABOUT $50 OIL?
      I say, where was (!)PA$TURE LIND$EY WILLIAM$ TELLING US ABOUT $50 OIL?
      I say, where was (!)PA$TURE LIND$EY WILLIAM$ TELLING US ABOUT $50 OIL?

    • Anonymous



    • Grover

      The panic in the needle park.

    • tardasaurus

      it`s kind of insulting the way the rich are always trying to convince us that high prices are good for us.

      lower prices equal good for the consumer and bad for the company`s profits.

      all this scare tactics about low prices being bad started back in the 80`s under Reagan.This same line of BS about low prices being bad has been used by the rich ever since then. This is nothing new it`s the same old song and dance that they are trying to pull on a new generation hoping that they are too young and stupid to see that it is just BS.

    • Anonymous

      Hmmmmmmm The only people that I see going bonkers is the people that were hawking the junk. Whu are they, the fring hustlers that nrrd to be in a tomb in the first place. Now if we can get the shorts out of the market we might be able to goback to some ASICS THAT DO NOT ALLOW THE MANIPOLATORS TP CONTROL ANY THING. LET THEM FALL AND LET THEM BREAK!

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.