Another Word of Warning
TimeWatch Editorial
January 12, 2016
The year 2016 has begun with the kind of financial downturn that has been described as the worst start of the year EVER. USA Today’s headline on January the 9th was: “Stocks close out week with worst start to year ever.” Michael Snyder , writing for the Conservative Papers website on January 8, 2016 heads his article: “Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever .” Kathleen Pender, writing for The San Francisco Chronicle compares the start to 2008 with the title: “Stocks plunge, kicking off worst start to a year since 2008.”
For some time now, there have been many warnings of a financial catastrophe. On December 8, 2015, John Whitefoot writing for The Profit Confidential Website has an article entitled: “Billionaires Dumping Stocks; Stock Market Crash on the Way.” on February 21, 2015 Mac
Salvo published an article entitled: “Intelligence Insider Warns of Catastrophic Collapse.”
Mac Salvo’s article is based upon the warning given by Former U.S. intelligence asset and author Jim Rickards of bestselling book “The Death of Money , The coming collapse of the International Monetary Fund,”Published April 8, 2014. When compared with all the warnings daily published in the press, Jin Rickards’ is the most sobering.
"The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar."The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: war, civil unrest, or significant damage to the stability of the global economy. Now James Rickards, the acclaimed author of Currency Wars, shows why another collapse is rapidly approaching—and why this time, nothing less than the institution of money itself is at risk.” From the Summary of:
The Death of Money, The coming collapse of the International Monetary Fund.”
The serious nature of Mr. Rickards’ analysis should give pause to anyone who is listening. There are those however, who seriously believe that because their assets are somewhat limited, or almost non-existent, they need not pay attention. This would be a major mistake. The impact of a collapsed economy will ripple through the entire society, impacting the smallest business enterprise in the poorest neighborhood. The availability of the fundamentals will be directly affected. The simple food items necessary for daily survival will either suddenly rise in price, or become unavailable. This will have an impact upon the safety of the neighborhood, as panicked individuals seek to survive.
Optimists have always said, in essence, that there's nothing to worry about-that confidence in the dollar will never truly be shaken, no matter how high our national debt or how dysfunctional our government. But in the last few years, the risks have become too big to ignore. While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors-China, Russia, and the oil producing nations of the Middle East-are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare deflation, hyperinflation; market collapse; chaos
. From the Summary of:The Death of Money
, The coming collapse of the International Monetary Fund.”
Given the events of the first two weeks of 2016, in light of the fact that Mr. Rickards’ book was published in April of 2014, I would suggest that we take a hard look at the possibility of an unusual catastrophic event. Notice also that Mr, Rickards includes the likelihood of global political competitiveness. It is therefore clear that whether the results are natural or manipulated, something will occur, that will change the way we do business. Now is definitely the time to make the necessary changes; Time to reevaluate our choices, and our preferences; Time to focus on that which is of true value, while preparing for any misfortune.
Cameron A. Bowen
