On The Joe Miller Show on Thursday, national commentator and investor Charles Ortel predicted a worldwide meltdown worse than 2008, the Great Depression, or even 1873. He examines the ratio of wages to total international debt and says that the breaking point is in sight. Listen to this compelling interview here.
from Michael Snyder
The signs of the times are everywhere – all you have to do is open up your eyes and look at them. When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together. But as the time for delivery approaches, they become much more frequent and much more intense. Economically, what we are experiencing right now are birth pangs of the coming Great Depression. As we get closer to the crisis that is looming on the horizon, they will become even more powerful. This week, we learned that the Baltic Dry Index has fallen to the lowest level that we have seen in 29 years. The Baltic Dry Index also crashed during the financial collapse of 2008, but right now it is already lower than it was at any point during the last financial crisis. In addition, “Dr. Copper” and other industrial commodities continue to plunge. This almost always happens before we enter an economic downturn. Meanwhile, as I mentioned the other day, orders for durable goods are declining. This is also a traditional indicator that a recession is approaching. The warning signs are there – we just have to be open to what they are telling us.
And of course there are so many more parallels between past economic downturns and what is happening right now.
For example, volatility has returned to the markets in a big way. On Tuesday the Dow was down about 300 points, on Wednesday it was down another couple hundred points, and then on Thursday it was up a couple hundred points.
This is precisely how markets behave just before they crash. When markets are calm, they tend to go up. When markets get really choppy and start behaving erratically, that tells us that a big move down is usually coming.
At the same time, almost every major global currency is imploding. For much more on this, see the amazing charts in this article. (Read more from “Economic Collapse Imminent” HERE)
SOURCE: JOE MILLER
Joe Miller shocked the political world on August 24, 2010 when he, according to media accounts, came out of nowhere to defeat incumbent Senator Lisa Murkowski in the Alaskan Republican Primary. He then entered into a contentious three-way general election, where federal contractors and others who benefited from the status quo waged a multimillion-dollar campaign and managed to help narrowly defeat Joe.
Joe has appeared on numerous national TV programs on Fox, ABC, NBC, MSNBC, CNN, CBS, BBC and other networks. He also regularly appeared on national radio programs hosted by Mark Levin, Hugh Hewitt, Michael Savage, Lars Larson, Laura Ingraham, Fred Thompson, and Dennis Miller. He has spoken at Tea Party and conservative gatherings throughout the country.