Thursday, April 25, 2019

Andrew Hoffman – Potential Crisis Brewing

by Kerry Lutz, Financial Survival Network:

What’s Really Happening Wednesday with Andrew Hoffman:

  • 2X fork cancelled, as predicted!
  • BCash raid commenced immediately, in process of failing
  • BGold fork completed, others coming
  • 2018 – The Herd is Coming to Crypto!
  • etc., etc.

Click HERE to listen:

Read More @ FinancialSurvivalNetwork.com

Keiser Report: Business of #Russiagate (E1150)

from RT:

In the second half, Max interviews Max Blumenthal about the business of #Russiagate.

Last Time This Happened, Part 2: Consumers Are Both Confident And Broke

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by John Rubino, Dollar Collapse:

Elliott Wave International recently put together a chart (click here or on the chart to watch the accompanying video) that illustrates a recurring theme of financial bubbles: When good times have gone on for a sufficiently long time, people forget that it can be any other way and start behaving as if they’re bulletproof. They stop saving, for instance, because they’ll always have their job and their stocks will always go up.

Then comes the inevitable bust.

On the following chart, this delusion and its aftermath are represented by the gap between consumer confidence (our sense of how good the next year is likely to be) and the saving rate (the portion of each paycheck we keep for a rainy day). The bigger the gap the less realistic we are and the more likely to pay dearly for our hubris.

Read More @ DollarCollapse.com

Bank Admits Fiat Currencies Are Failing and Cryptocurrencies May Replace Them

by Shaun Bradley, The Anti Media:

As the transition towards a blockchain based economy continues, the established financial powers are desperately trying to stay relevant. In an attempt to boost their credibility, analysts at Deutsche Bank are finally admitting that state-run fiat currencies are becoming obsolete. For years, blockchain entrepreneurs and other critics of central banking have been branded either conspiracy theorists or criminals. But recently, those controversial opinions about the inevitable changes coming to the world’s financial system are being echoed by mainstream pundits.

Deutsche Bank’s top strategist, Jim Reid, recently articulated a view on the economy that is shared by many but rarely talked about:

“Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies face. As such they are forced to prioritise low interest rates and nominal growth over inflation control which could herald in the beginning of the end of the global fiat currency system that begun with the abandonment of Bretton Woods back in 1971.”

The most surprising part came when he acknowledged the crucial role cryptocurrencies may play in the move away from unbacked paper money.

“Although the current speculative interest in cryptocurrencies is more to do with blockchain technology than a loss of faith in paper money, at some point there will likely be some median of exchange that becomes more universal and a competitor of paper money.”

The people’s trust in centralized control of currencies has never been directly challenged on this scale before. Competition in the emerging digital economy between different cryptocurrencies has introduced an alternative monetary system that empowers the individual and rewards based on merit, not special interests.

Read More @ TheAntiMedia.com

Harry Dent: Now Just Weeks Away From An 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Stock Market Crash

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from SilverDoctors:

The Harvard trained economist just issued a warning. Here’s the details…

Interesting email worth sharing, because rarely do we get time and amount in a forecast. Many analysts and traders offer time or amount in forecasts, sometimes, but Harry Dent (of Economy & Markets) has a new forecast that incorporates both.

In fact: Time (weeks away) and amount (Dow 5500) are something that Harry has done over the years with his cycles work.

We recently highlighted some of Harry’s latest work with sun spots. Seriously.

Harry has also recently made the claim (as he has for years now) that gold is on the way to $700

Subscribers just got a warning from in their inboxes from Harry Dent: Warning: 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} stock crash just weeks away

Virtually NO ONE sees it coming, but make no mistake…

An 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}-plus crash in the U.S. stock market could begin in a matter of MONTHS … if not WEEKS!

Here’s the Dow in a classic “megaphone” pattern, with the last three bubbles making new highs, only to be followed by lower lows.

Which means the next “lower low” should be around 5,500… BELOW the post-crash low of 6,470 in March of 2009!

And if it returns to its bubble origin of 3,800 in late 1994, which is the most likely scenario…

It would mean an 83{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} loss.

We’re talking blood in the streets! But it doesn’t have to be YOUR blood.

Here’s Harry just yesterday being interviewed by Alex Jones (who claims he’s not being paid by Harry to promote his book):

Read More @ SilverDoctors.com

Saudi Coup Signals War And The New World Order Reset

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by Brandon Smith, Alt Market:

For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar’s world reserve status. In my recent articles ‘Lies And Distractions Surrounding The Diminishing Petrodollar’ and ‘The Economic End Game Continues,’I point out that the death of the dollar as the premier petrocurrency is actually a primary goal for establishment globalists. Why? Because in an effort to achieve what they sometimes call the “global economic reset,” or the “new world order,” a more publicly accepted centralized global economy and monetary framework is paramount. And, this means the eventual implementation of a single world currency and a single global economic and political authority above and beyond the dollar system.

But, it is not enough to simply initiate such socially and fiscally painful changes in a vacuum. The banking powers are not interested in taking any blame for the suffering that would be dealt to the masses during the inevitable upheaval (or blame for the suffering that has already been caused). Therefore, a believable narrative must be crafted. A narrative in which political intrigue and geopolitical crisis make the “new world order” a NECESSITY; one that the general public would accept or even demand as a solution to existing instability and disaster.

That is to say, the globalists must fashion a propaganda story to be used in the future, in which “selfish” nation-states abused their sovereignty and created conditions for calamity, and the only solution was to end that sovereignty and place all power into the hands of a select few “wise and benevolent men” for the greater good of the world.

I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.

The very first oil exploration and extraction deal in Saudi Arabia was sought by the vast international oil cartels of Royal Dutch Shell, Near East Development Company, Anglo-Persian, etc., but eventually fell into the hands of none other than the Rockefeller’s Standard Oil Company. The dark history of Standard Oil aside, this meant that Saudi business would be handled primarily by American interests. And the Western thirst for oil, especially after World War I, would etch our relationship with the reigning monarchy in stone.

A founding member of OPEC, Saudi Arabia was one of the few primary oil-producing nations that maintained an oil pipeline that expedited processing and bypassed the Suez Canal. (The pipeline was shut down, however, in 1983). This allowed Standard Oil and the United States to tiptoe around the internal instability of Egypt, which had experienced ongoing conflict which finally culminated in the civil war of 1952.

Considered puppets of the British Empire at the time, the ruling elites of Egypt were toppled by the Muslim Brotherhood, leading to the eventual demise of the British pound sterling as the top petro-currency and the world reserve. The British economy faltered and has never since returned to its former glory.

Perhaps we are seeing some parallels here?

Civil war may not be in the cards for Saudi Arabia; so far a quiet coup has been rather effective in completely changing the power base of the nation over the past few years. The primary beneficiary of that change in power has been crown prince Mohammed Bin Salman, who only answers to King Salman, an 81-year-old ruler barely involved in leadership.

To understand how drastic this coup has been, consider this — for decades Saudi Kings maintained political balance by doling out vital power positions to separate, carefully chosen successors. Positions such as Defense Minister, the Interior Ministry and the head of the National Guard. Today, Mohammed Bin Salman controls all three positions. Foreign policy, defense matters, oil and economic decisions and social changes are now all in the hands of one man.

But the real question is, who is behind that man?

Well, the recent political purge of various “neo-conservative” tied Saudis might lead some to believe that Prince Mohammed is seeking an end to globalist control of Saudi oil and politics. These people would be wrong for a number of reasons.

Prince Mohammed’s revolutionary “Vision for 2030” developed as he entered power was touted as a means to end Saudi reliance on oil revenues to support economic stability. However, I believe this plan is NOT about ending reliance on oil, but ending reliance on the U.S. dollar. In fact, the plan indicates a move away from the dollar as the world’s petrocurrency and a de-pegging of the Riyal from the dollar.

Prince Mohammed has also established much deeper ties to Russia and China, creating bilateral agreements which may end up removing the dollar as the mechanism for oil trade between the nations.

You would think that this kind of strategy would be highly damaging to the West and to American interests in particular and that the corporate establishment would be doing everything in their power to stop it. However, this is not at all the case. In reality, the globalist establishment is fully behind Mohammed Bin Sulman’s “Vision for 2030.”

Corporate behemoths such as the Carlyle Group (Bush family, etc), Goldman SachsBlackstone and Blackrock have ALL been backing the Vision for 2030 and Prince Mohammed through his Public Investment Fund (PIF), of which he is the chairman.

Trillions in capital are flowing through PIF, most of it from the coffers of globalist establishment companies. Once again I point out that the so-called “East versus West division” and the Eastern “opposition” to the globalists is complete nonsense; banking elites and globalists are the true influence behind the move away from the dollar, as the Saudi example and the Vision for 2030 shows. The end of the dollar as world reserve works in their favor — it is planned.

This does not end with the death of the dollar’s petro-status, though. These kinds of upsets in the power dynamic invariably lead to war. War acts as a kind of cleansing of the historical record; it tends to distract the public, for generations, from those that truly benefit from geopolitical and economic strife.

Prince Mohammed has already triggered conflicts with Yemen and Qatar, but this seems to have only been a precursor to greater kinetic displays of force. The next target appears to be Lebanon, and eventually Iran and Syria.

The first signal came with the resignation of Lebanon’s Prime Minister Saad Hariri on November 4, a resignation Hezbollah claims was forced by the Saudi government. Interestingly, Saad Hariri recorded the televised announcement in Saudi Arabia.

This shocking disruption to Lebanon’s political apparatus has been followed by an escalation in saber rattling by Saudi Arabia against Hezbollah (which is considered by many to be merely a puppet organization of the Iranian government). If official polls are to be believed, the Lebanese population is in extreme disagreement over Iran and Hezbollah, which could add to internal divisions and civil war if tensions continue to grow. Add to this the suspected (but officially denied) “secret visit” by Prince Mohammed to Israel in September, and the newfound “friendship” between the two nations in the months since, and we have quite a bit of momentum for a war in Lebanon.

The question is, will a war between Saudi Arabia and perhaps Israel against Hezbollah in Lebanon remain a proxy war, or will it gestate into a wider conflict drawing in Iran, Syria and perhaps even the U.S.?

Read More @ Alt-Market.com

Bitcoin Price Soars To $13,000 In Desperate Zimbabwe

from ZeroHedge:

We noted in June that Zimbabwe’s cash crisis continued unabated.

Those awaiting cash transfers at a bank may wait a month to be cleared and, even then, the transfer may be refused.

The Standard, Zimbabwe’s leading Sunday newspaper, ran an article at the time entitled, “Black market thrives, as banks run dry.”

Some highlights from that article:

HARARE’S Road Port has become the unofficial bank of last resort, never short of cash, no queues and a multicurrency platform. The money market at this busy bus terminus now plays the role that the formal banking sector has failed. It is effectively making a mockery of the Reserve Bank of Zimbabwe (RBZ).

This points to the nature of black markets. They thrive based upon fulfilling an existing need, not upon government control. They therefore replace whatever services the official market fails to provide.

“Top government officials, supermarket owners and service stations were behind the thriving black market, which is never short of cash.”

And now it appears many Zimbabweans have found an alternate way to store/transfer wealth away from Mugabe’s prying (and confiscatory) eyes.

In September we noted the hyperbitcoinization occurring in Zimbabwe. In October, Zimbabwe demand started to impact the global price of the cryptocurrency, and two weeks ago we noted the doubling of the price of Bitcoin in Zimbabwe as uncertainty about the nation’s stability sent citizens into a decentralized currency that was out of Mugabe’s reach.

   image courtesy of CoinTelegraph
image courtesy of CoinTelegraph

Now, after the military coup confirms the average joe’s fears, Bitcoin is trading at over $13,000 on Zimbabwe exchange Golix – a premium of over 80{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} over the USD exchange price as demand surged.

Read More @ ZeroHedge.com

ANOTHER RAID ON GOLD AND SILVER: GOLD DOWN $5.15 AND SILVER DOWN 10 CENTS

by Harvey Organ, Harvey Organ Blog:

MARKETS IN ASIA CRUMBLE WHICH SET THE MOOD FOR EUROPE AND THE DOW/THE ALL IMPORTANT CPI SHOWS CONSIDERABLE ADVANCE DESPITE LACKLUSTRE RETAIL SALES

GOLD: $1277.7  DOWN $5.15

Silver: $16.98 DOWN 10 cents

Closing access prices:

Gold $1278.30

silver: $17.01`

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1289.94 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: $1281.20

PREMIUM FIRST FIX: $9.39

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SECOND SHANGHAI GOLD FIX: $1292.56

NY GOLD PRICE AT THE EXACT SAME TIME: $1282.40

Premium of Shanghai 2nd fix/NY:$10.16

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LONDON FIRST GOLD FIX: 5:30 am est $1285.70

NY PRICING AT THE EXACT SAME TIME: $1285.70

LONDON SECOND GOLD FIX 10 AM: $1282.20

NY PRICING AT THE EXACT SAME TIME. 1282.60

For comex gold:

NOVEMBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH:0 NOTICE(S) FOR nil OZ.

TOTAL NOTICES SO FAR: 991 FOR 99,100 OZ (3.082TONNES)

For silver:

NOVEMBER

2 NOTICE(S) FILED TODAY FOR

10,000 OZ/

Total number of notices filed so far this month: 874 for 4,370,000 oz

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Bitcoin: BID $7121 OFFER /$7145 up $532.00 (MORNING)

BITCOIN : BID $7257 OFFER: $7282 // UP $668.00(CLOSING)

end

Let us have a look at the data for today

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In silver, the total open interest ROSE BY A SMALL 777 contracts from 199,122 UP TO 199,899 WITH YESTERDAY’S TRADING IN WHICH SILVER ROSE  BY 3 CENTS.  AGAIN WE DID HAVE NO LONG LIQUIDATION BUT AGAIN IT LOOKS LIKE WE GOT QUITE A FEW MORE COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE AS WE HAD A HUGE 750 DECEMBER EFP’S ISSUED ALONG WITH 300 EFP’S FOR MARCH FOR A TOTAL ISSUANCE OF 1050 CONTRACTS. THE ISSUANCE FOR MARCH BOTHERS ME A LOT AS THIS IS SUPPOSE TO BE FOR EMERGENCY IN THE UPCOMING DELIVERY MONTH.  I GUESS WHAT THE CME IS STATING IS THAT THERE IS NO SILVER TO BE DELIVERED UPON AT THE COMEX AND THEY MUST EXPORT THEIR OBLIGATION TO LONDON.

RESULT: A SMALL SIZED RISE IN OI COMEX WITH THE 3 CENT PRICE RISE. COMEX LONGS REFUSED TO EXIT OUT OF THE COMEX AND FROM THE CME DATA 1050 EFP’S  WERE ISSUED FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS WHICH DEFINITELY EXPLAINS THE FALL IN OI. IN ESSENCE WE DID NOT GET A FALL IN DEMAND IN OPEN INTEREST ONLY A TRANSFER TO OTHER JURISDICTIONS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.001 BILLION TO BE EXACT or 142{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 1 NOTICE(S) FOR 5,000 OZ OF SILVER

In gold, the open interest ROSE BY A SMALLER THAN EXPECTED 654 CONTRACTS DESPITE THE GOOD RISE IN PRICE OF GOLD ($4.00) WITH YESTERDAY’S TRADING . YESTERDAY’S TRADING SAW NO GOLD LEAVES FALL FROM THE COMEX GOLD TREE.  THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY  TOTALED: 11,839 CONTRACTS WHICH IS HUGE. THE MONTH OF DECEMBER SAW 11,799 CONTRACTS AND FEB SAW THE ISSUANCE OF 40 CONTRACTS. The new OI for the gold complex rests at 533,054.

Result: A SMALLER SIZED INCREASE IN OI DESPITE THE RISE IN PRICE IN GOLD ON YESTERDAY ($4.00). WE  HAD A HUGE NUMBER OF COMEX LONG TRANSFERS TO LONDON THROUGH THE EFP ROUTE AS (11,839 EFP’S). THERE OBVIOSULY DOES NOT SEEM TO BE MUCH PHYSICAL AT THE COMEX AND WE ARE APPROACHING THE HUGE DELIVERY MONTH OF DECEMBER. WE ALSO HAD NO GOLD COMEX OI LEAVE THE COMEX GOLD ARENA.

we had:  18  notice(s) filed upon for 1800 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

A small  change in gold inventory at the GLD/ a deposit of .300 tonnes

Inventory rests tonight: 843.39 tonnes.

SLV

TODAY WE HAD NO CHANGE IN SILVER INVENTORY AT THE SLV

INVENTORY RESTS AT 318.074 MILLION OZ

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver ROSE BY 777 contracts from 199,358 DOWN TO 199,899 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH THE RISE IN SILVER PRICE (A GAIN OF 3 CENTS). OUR BANKERS  USED THEIR EMERGENCY PROCEDURE TO ISSUE 750  PRIVATE EFP’S FOR DECEMBER(WE DO NOT GET A LOOK AT THESE CONTRACTS)  AND 300 EFP’S FOR MARCH FOR A TOTAL OF 1050 EFP CONTRACTS, WHICH GIVES OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. THIS IS QUITE EARLY FOR THESE EFP ISSUANCE..USUALLY WE WITNESS THIS ONE WEEK PRIOR TO FIRST DAY NOTICE AND THIS CONTINUES RIGHT UP UNTIL FDN.  WE ALSO HAD NO SILVER COMEX LIQUIDATION. TOTAL EFP’S ISSUED YESTERDAY BY THE CME IN SILVER TOTAL 786 CONTRACTS. SO THIS FRAUD IS CONTINUING ON A DAILY BASIS

RESULT: A SMALL SIZED INCREASE IN SILVER OI AT THE COMEX DESPITE THE 3 CENT RISE IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). WE  HAD ANOTHER 1050 EFP’S ISSUED TRANSFERRING OUR COMEX LONGS OVER TO LONDON TOGETHER WITH NO  SILVER COMEX LIQUIDATION.

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)Late MONDAY night/TUESDAY morning: Shanghai closed DOWN 27.02 points or .79{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED DOWN 300.43 pts or 1.03{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed DOWN 351.69 POINTS OR 1.57{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.60{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6220/Oil DOWN to 55.12 dollars per barrel for WTI and 61.47 for Brent. Stocks in Europe OPENED RED  . ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.6220. OFFSHORE YUAN CLOSED WEAKER TO THE ONSHORE YUAN AT 6.6239 //ONSHORE YUAN STRONGER AGAINST THE DOLLAR/OFF SHORE STRONGER TO THE DOLLAR/. THE DOLLAR (INDEX) IS WEAKER AGAINST ALL MAJOR CURRENCIES. CHINA IS  VERY HAPPY TODAY.

Read More @ HarveyOrganBlog.com

Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall?

by Michael Snyder, The Economic Collapse Blog:

Did you know that Venezuela just went into default?  This should be an absolutely enormous story, but the mainstream media is being very quiet about it.  Wall Street and other major financial centers around the globe could potentially be facing hundreds of millions of dollars in losses, and the ripple effects could be felt for years to come.  Sovereign nations are not supposed to ever default on debt payments, and so this is a very rare occurrence indeed.  I have been writing about Venezuela for years, and now the crisis that has been raging in that nation threatens to escalate to an entirely new level.

Things are already so bad in Venezuela that people have been eating dogs, cats and zoo animals, but now that Venezuela has officially defaulted, there will be no more loans from the rest of the world and the desperation will grow even deeper…

Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences.

The South American country defaulted on its debt, according to a statement issued Monday night by S&P Global Ratings. The agency said the 30-day grace period had expired for a payment that was due in October.

A debt default risks setting off a dangerous series of events that could exacerbate Venezuela’s food and medical shortages.

So what might that “dangerous series of events” look like?

Well, Venezuela already has another 420 million dollars of debt payments that are overdue.  Investors around the world are facing absolutely catastrophic losses, and the legal wrangling over this crisis could take many years to resolve.  The following comes from Forbes

S&P says that it expects Venezuela to default on other bond payments. This comes as absolutely no surprise. A further $420m of bond payments are already overdue: unless Venezuela finds some dollars in a hurry, these will also go into default very soon.

S&P also warns that Venezuela could embark on a coercive debt restructuring that would in effect be default. Indeed, it has already announced its intention to do so, though as yet it has produced no plan. But we can imagine what such a debt restructuring might look like: in 2012, Greece imposed a coercive debt restructuringon private sector investors, and Argentina has restructured its dollar-denominated debt twice this century, the second time to sort out the dog’s breakfast Argentina made of the first restructuring. Investors could take substantial losses, and there would no doubt be lawsuits lasting for years. The biggest winners from distressed debt restructurings are always lawyers.

When you add this to all of the other bad news that has been coming out lately, it is easy to understand why things are starting to shift in the financial markets.

In fact, CNBC says that there is “a different tone to the markets in the last week or so”…

Another day, another down open. There’s a different tone to the markets in the last week or so.

It started last Tuesday, when an initial rally faded into a hard sell-off mid-morning. The next five trading sessions generally opened down.

Peter Tchir of Academy Securities, checked off a short list of concerns. There is progress on tax reform “but the reality is it’s not going to be as great as everyone hoped,” he said. There are questions about what the flatter yield curve means. And the recent arrests of high-ranking Saudis in an anti-corruption initiative created uncertainty in the last week and a half.

I keep writing about all of the experts that are warning of an imminent market crash, and yet most investors do not appear to be listening.

In fact, one survey found that the number of fund managers that “are taking higher-than-normal risk” is at an all-time high

According to Bank of America Merrill Lynch’s latest monthly fund-manager survey, which includes 206 panelists who manage $610 billion, investors are opting for the latter.

The firm finds that a record number of survey responders are taking higher-than-normal risk. That comes at a time when US stock market valuations are sitting close to their highest in history, creating a precarious situation in which investors are feeling emboldened at a time when they should be exhibiting caution.

This reminds me so much of what we have witnessed just prior to other market crashes.

Read More @ TheEconomicCollapseBlog.com