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A 'Frightening Pattern' Indicate That We Are Heading To A Massive Economic Catastrophe Unlike Anything Ever Seen And Countdown Clock Is Quickly Approaching Zero

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Famed economist Marc Faber appeared on Bloomberg TV with a harsh, direct warning to investors.

“U.S. monetary policies will destroy the world,” he said, referring to the new round of stimulus – QE3, or “QE Forever” – the Fed plans to launch this year.

Faber’s not alone.

A group of his economic peers agree that with more central bank action like QE3, global economic collapse is imminent.

In a newly released documentary that went viral last month, a team of influential economic experts say they have discovered a “frightening pattern” they believe points to a massive economic catastrophe unlike anything ever seen.

Continued below.

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“What this pattern represents is a dangerous countdown clock that’s quickly approaching zero,” said Keith Fitz-Gerald, the Chief Investment Strategist for the Money Map Press, who predicted the 2008 oil shock, the credit default swap crisis that helped bring about the recession, and the Greek and European fiscal catastrophe that is still wreaking havoc until this day.

“The resulting chaos is going to crush Americans.”

Another member of this team, Chris Martenson, a global economic trend forecaster, former VP of a Fortune 300, and an internationally recognized expert on the dangers of exponential growth in the economy, explained their findings further:

“We found an identical pattern in our debt, total credit market, and money supply that guarantees they’re going to fail,” Martenson said.“This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.”…

 

And Now Comes A HUGE Week For The Economy And The Election

Get lot and lots of rest today.

This first week of October is going to be HUGE from both an economic standpoint.

First, here’s an abbreviated version of what’s coming up. These bullets are courtesy of Dave Lutz at Stifel, Nicolaus:

  • Chinese Markets closed for Golden Week
  • Central Bank Decisions from Aussie, BOE, ECB and BOJ
  • Big Ben speaks, and the Minutes from the September meeting
  • Global PMI Data – China, EU, UK, USA
  • September Auto Sales and Retailer Same Store Sales
  • US and EU Employment reports
  • A Big Spanish Bond Auction
  • Value Investing Conference – Major HF speakers
  • European Banking Authority – final report on capital plans
  • The First debate between Gov. Romney and President Obama

Now, here’s the full schedule:

MONDAY: It’s global PMI day. So starting late Sunday night in the US, we’ll be getting critical manufacturing reports from Asia, and then Europe, and then of course the US, concluding with the US at 10:00 AM ET. Also at 10:00 AM ET we get Construction Spending for October. There’s also going to be a monetary policy speech by Bernanke, a speech by the head of the SF Fed. At the Value Investing Congress, Bill Ackman, Whitney Tilson, and other swill present picks.


Read more at http://investmentwatchblog.com



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    Total 24 comments
    • Topcat

      The USA is basely bankrupt. With a $16+ trillion dollar debt and growing every day. This debt can’t and never will be repaid. When China stops buying out debt and the US dollar is no longer the world reserve money supply, look for run-a-way inflation as everyone world wide tries to unload dollars. Sooner or later this is going to happen. Just like Germany in the `1930′s. :mad:

      • Stan

        China already stopped buying our debt….. The treasury is buying our debt with printed money (Actually, the Fed creates money out of nothing and enters it into the Too-Big-to-Fail banks and then they are buying our debt). Bernie Madoff went to jail for the same thing….. go figure!

      • Stan

        China already stopped buying our debt….. The treasury is buying our debt with printed money (Actually, the Fed creates money out of nothing and enters it into the Too-Big-to-Fail banks and then they are buying our debt). This ponzi scheme is QE3. Bernie Madoff went to jail for the same thing….. go figure! :eek:

    • Anonymous

      OH MY GOD!!!! This is about the 250th article I’ve read like this over the last five years, calling for imminent collapse, catastrophe, etc.. But this is the one! This one is right! The sky is about TO FALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! BUY GOLD! BUY GUNS! STAY EXTREMELY PARANOID FOR YEARS ON END!!!! duh

      • trashman

        When you look at everything going on you will see clearly. I used to be a trashman back around 2000, at that time. I used to see what people bought on a regular basis. From about that time to the time i quit i saw the majority of peoples trash go from name brand too generic including cigarettes. then 2008 hit and it went too hell! Now what i see is shocking. I see foodbanks running out of food, whole families on the street, dogs being dumped on a large scale. I see people fighting over a job at Mc Donalds for Gods sake!!! Anonymous i dont know where you been living or if maybe your rich, but your obviouslly NOT in reality. A few months back i put a old worn out dryer out on the curve too be picked up by the trashman./ What i saw next was Shocking too me and my son. 4 cars had stopped and were fighting over it!!! One of the cars was a woman who was young and wondered if she could put it in the trunk of her car!!!!! Get real dude!!!! The bubble is about too burst. If you dont get with the program you will be the one scrounging through garbage cans for food!!!!! :mad: :mad: :mad: :mad: :mad: :mad:

        • W. Willow

          Yes and the reality is that the official acknowledgment of depression is long overdue. It’s being kept afloat artificially. That’s the game. I can only surmise the purpose of this is to keep stringing Americans along to believe they still live in la-la land until the PTB can suck us completely dry. They’ll pull the plug when it can do the most damage — WW3. It can’t be that hard to connect the dots on this as prices keep jacking even higher and some goods disappear forever.

          The middle class in some poorer states has almost completely disappeared. Someone else commented on this site that the realities of old school soup lines are being hidden from us with govt. cash cards. The MSM most certainly will not show you much of anything unless it makes this present regime look functional and successful. We all see through this, right ?

          Soberly prepare in your own way. Just prepare, period. Mostly sharpen your wits and discern, discern, discern.

        • anti-con

          This is very sad. I’m afraid you’ll see much worse soon unless we all just don’t go along with the program.

      • Anonymous

        I was thinking exactly the same thing when I saw the header.

    • One Who Knows

      Gold? More like Guns.

      • OBAMAbinBIDEN

        and Weed

    • Wretched Infidel

      and this is never talked about or acknowledged in the context of the lie being promulgated and the coverup.

      /religion/2012/08/9-11-2012-september-11-2012-third-9-11-since-1990-separated-by-11-year-increments-bad-juju-for-you-2443418.html

      • Fake-it

        I certainly noticed this pattern and I am not alone.
        Actually the biggest 9/11 ever, is still a few years away.
        How do I know this?
        You can see it if you are a market technical analyst with decades of experience. I am such individual.
        Sorry, but I can’t tell you more.

        • Wretched Infidel

          Philippino Bob, that is very interesting! I wish you could tell me more. I wish you could. Actually I am so grateful that you read it. Either no one else is reading it, or no one answers me on that, you are the only one. And i posted it on August 25, like more than 2 weeks before it was due. Still, not one person cept you. Thank you.

          And you cannot speak about it.

          I am just wondering about your technical analysts’ perspective on it. Wow.

        • RAINSCRYPT

          hahaha

        • Fake-it

          @Wretched Infidel
          If you want to know more, you must contact me privately.
          Believe me, 911 and 666 events are far from over.
          However I can add this much on this public forum.

          Did anyone here notice how many BIG events happened between the 9th of September 2012 and 20th of September?
          I bet you that nobody here remembers anything at all! TOTAL BLANK!
          ATTENTION SPAN = ZERO!

          And yet, 5+2 MAJOR EVENTS HAPPENED and nobody remembers them.
          1- Anti Islamic video clip.
          2- Jewish New Year
          3- Release of QE 3
          4- Obama’s refusal to meet Natanyahu
          5- The Illuminati’s count-down timer stopped on 9th of September.

          There are two more that I can’t write about.

          All of this happened around that famous date 9/11 and nobody noticed anything unusual.

      • Wretched Infidel

        Dear Philipino Bob – I am just here now, I did not see your reply below to my reply until just now, yes, please, I would like to – how should I we/do that? I will email the people here to forward to you my email address, (it may be a while between my replies to you as I don’t have a computer) Thank you Bob I appreciate your reply (sorry for long delay, but I didn’t know, sometimes I easily lose track of these posts)

        • Wretched Infidel

          Dear Philipino Bob, that day (above) I contacted beforeitsnews and asked them to forward to you my email, and they did write me back saying they would try to find you and give it to you. Looking forward to it, but I figure with my access limitation it will be maybe a wait. Sorry it took so long for me to re-find this post and see your reply.
          Til then, then! Take care and thankyou, Before Its News (Stephan moderator) for your help.

    • whitebear

      Interesting is that of the many Indians still living most aren’t going to feel a thing when the economy dumps.
      We were left with so little that there just isn’t much to miss.

      • Stan

        This past summer, I took a driving trip that took me from southern kalifornia to Colorado, down to New Mexico and then back. Two things struck me during the drive back to kalifornia. 1) I was surprised to see the massive amounts of acreage that was Indian land; 2) Just about every one of them had gaming casinos.

        I would imagine these gaming casinos are feeling the pinch and I would presume if/when we take the next economic dump, the Indian’s will feel it big time.

        • whitebear

          The point made below is, “We’ll not miss it.”

          Well unless you’re a gambler or an ndn, you likely weren’t aware of those. If you gamble that’s what you do, you just drink beer in bad times while you do. In really bad times you just don’t drink.

          You are right though in that if everyone stopped coming ndns would have to go back – back to the way it was. When everything made sense. When we could feel everything there is; all that exists. In this place there is no lack. No desire for currently available – objects.

          This is the way it was. It was this way and peaceful in your heart, knowing all was exactly the way it should be. Oh, and no drinknin neither hehehe

          Do you want to learn something?
          “The Redman’s religion is not a matter of certain days and set observances, but is apart of his every thought and his daily life.”
          THE GOSPEL OF THE RED MAN Ernest Thompson Seton (compiler) Originally published 1936

    • Fake-it

      Gold?
      Are you serious?
      You are going to be crying soon… very soon!
      Take it from a person with 35 years experience in markets.
      But if you are patient you’ll be able to sell it with a small loss.

      • Viking

        Bob, this may sound like a very dumb question to financial guy, but I know nothing of the market and am a mattress stuffer. When people speak of buying or investing in gold, do you ever get physical ownership of the gold? If the stuff hits the fan and you do not have physical ownership isn’t it worthless? I mean why would the holders ever turn it over in that scenario.

    • Endthisnow!

      I agree that things are indeed getting worse, it does not take a genius to see that. But none of this is new info….and it is not at the zero hour yet. We have a long way to go…this mess of a world…of a country took years to get this bad, it will be years before things completely bottom out. The problem with stories like this being posted daily is that the “shock” factor has warn off…you can use words like “imminent”…”final”…”WARNING”….etc…and they mean nothing anymore….I see many people saying the creditably of such reports have sunk to nothing….Who even cares? Well, probably many people, but where can you go to get real true accurate info? Really nowhere! The MSM lies and the so-called truther sites and places like this are filled with nothing but conspiracy and paranoid opinions…

      Folks just need to use common sense….can you still use your $1 at the store? Well, then the $1 has not bottomed out. Can you still access your ATM machine, walk out of your house a free person….just ask yourself a number of questions and see how you are still living your life. But don’t live in fear and worry over things that are years if not decades to come. Yes, things are worse than years ago, but we are not even close to a global catastrophe…just remember people that WWII was the end…it wasn’t.

    • Endthisnow!

      Correction: I meant to say, “People “thought” WWII was the end”

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