Andy Hoffman: Financial Armageddon This Year

When people hear the world “armageddon,” there are usually certain images the mind’s eye begins seeing. For each person, it is probably little different, with one exception: for the most part, there is nothing good associated with armageddon.

If we look at how our financial and economic worlds are beginning to unfold, especially over the past six months, we see nothing positive happening. Economies, around the world, are in free fall. How can I say this with such conviction? Well, if we look at the actual numbers, not the propaganda paraded as truth through the mainstream media, we begin to see just how bad it really is.

Two of favorite indices, the Baltic Dry Index (BDI) and the Shanghai Containerized Freight Index (SCFI), have been in free fall for most of 2015 and the trend is continuing into 2016. I cannot even remember how many “new record lows” the BDI has hit during 2015. My guess is the first reading to come out in 2016 will continue the trend. The SCFI is bottom bouncing and the closing of 269 WalMart stores worldwide, with 150 of those in the U.S., tells us all we need to know about how that particular index will proceed in 2016. If you have no finished goods to ship to the world, because the world is saturated in debt at all levels, there is no need to lease a containerized ship.

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I sat down with Andy Hoffman, Marketing Director, Miles Franklin, to find out how 2016 may unfold, according to his analysis. Andy, like other analysts, is seeing a global recession and probably the beginning of the Greater Depression. Sovereign debt, globally, is at levels the world has never seen before. Magician tricks masquerading as monetary policies the world has never experienced. No one knows how to get out the current financial mess in which we find ourselves. It is an economic and financial nightmare that has been foisted upon the world by a handful of psychopaths who are trying to convince the world that everything is just fine. Well, it’s not.

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This carnage is all by design. Andy, along with a great many other analysts, believe the Federal Reserve will not raise rates again and will move towards more money printing (Quantitative Easing). There may be more money printing on the horizon; however, according to history the Federal Reserve, who gets their marching orders from the Bank for International Settlement, they will do the wrong thing at the exact wrong moment. This has been their M.O. for almost 100 years and I see no reason for them to change now. Interest rates will go up again in 2016 and may be accompanied by more money printing. Rest assured, this is the exact wrong thing at the exact wrong time.

Let’s revisit something Brandon Smith wrote a couple of months ago to show what I mean:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Based on this pattern of policy actions leading to fiscal disaster, I believe alternative analysts can predict with some certainty what is likely to happen now that the Fed has raised rates in the middle of the most pervasive economic contraction since the Great Depression was initiated (as Bernanke admitted) by central bankers.

Now, let’s not forget that Richard Fischer, former President Dallas Federal Reserve, admitted live on national television, that the Federal Reserve’s policies were the reason the stock market went up for five years running and it was now in for a “digestive period.” Translation: time for the market to have a major correction. Maybe not all at once, but it is certainly time to pay close attention.

If you are thinking and preparing to protect your family and making plans on how to deal with the masses of unemployed, angry, and hungry people who are going to be at your doorstep, now would be a good time to begin that process.

Gold and silver are part of the solution and the protection. They are one aspect of what is needed. You need to be acting on a multitude of fronts. Food, security, water, shelter, and the list goes on. What’s the number one item on your list? Who will be able obtain ANYTHING if society breaks down? It’s better to be ten years early than one day late. If you are one day late…it’s not going to happen.

Take a look at Europe. Take a look at the U.S. – open southern border. The only difference is distance. Once the situation on this side of the world begins to break down, like we see in Europe, Africa, the Middle East, and Eastern Europe, and we have an open border, the U.S. will devolve just as quickly, if not quicker, than Europe.

Overly dramatic? I hope so. I hope I am dead wrong. You had better hope all of the people who have been saying that 2016 is the year of armageddon, you had better hope they are all wrong, as well. Right now, 2016 looks like the year for the SHTF. If I am wrong, we can rejoice in having another year of preparing, praying, and attempting to make our world a little better.

Article reposted with permission from The Daily Coin, the opinions and views shared do not necessarily reflect the views of Freedom Outpost.

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