Author Topic: CHAT WITH MAC 1/21/2016 9:00 PM EST  (Read 316 times)

Offline MikeH

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CHAT WITH MAC 1/21/2016 9:00 PM EST
« on: January 21, 2016, 11:26:59 PM »
CHAT WITH MAC 1/21/2016 9:00 PM EST
mac:
Good evening everyone!
mac:
Probably wondering why I called a chat tonight. Right?
graciousme:
Right
yabba dabba:
you missed us
mac:
TK sends his regards, he literally just got home a few hours ago from being away from family for two weeks so we will give him the time to reunite. He will try to be here if he can. I hope you all understand.
mac:
First, no I am not here to announce an RV of any sort. Sorry.
mac:
I hope everyone who has sent greetings understands I say Hi back. Got some serious stuff to cover and just want to push thru it. Please hold questions until I’m done please.
mac:
Mike, could you bring the article I requested please?

mac:
Read it, let me know when your done.
yabba dabba:
lost 20% of total wealth
MikeH:
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone By Editor on January 21, 2016 0 Comments By Michael Snyder It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that roughly one-fifth of all the stock market wealth in the entire world has already been wiped out. How much more is it going to take before everyone will finally admit that we have a major financial crisis on our hands? 30 percent? 40 percent? This new round of chaos began last night in Asia. Japanese stocks were down more than 600 points and Hong Kong was down more than 700 points. The nightmare continued to roll on when Europe opened, and European stocks ended up down about 3.2 percent when the markets over there finally closed. In the U.S., it looked like it was going to be a truly historic day for a while there. At one point the Dow had fallen 566 points, but a curious rebound resulted in a loss of only 249 points for the day. As bad as things are in the U.S. right now, the truth is that we still have a long way to go to catch up with the rest of the planet. Around the world, many major stock indexes are already down more than 30 or 40 percent. Overall, the MSCI All-Country World Index is now down 20 percent, which officially puts us in bear market territory… The MSCI All-Country World Index, which measures major developed and emerging markets, fell into a bear market Wednesday, with its decline from early last year now totaling more than 20 percent. A plunge in U.S. stocks, which caused the Dow Jones industrial average to decline by more than 400 points at one point, pushed the global index into bear territory at midmorning during New York trading. Japan fell into a bear market as well as the Nikkei 225 index dropped 3.7 percent Wednesday, bringing its total pullback to 22 percent from its high in June. Much of this chaos is being driven by the price of oil. On Wednesday the price of U.S. oil dropped below 28 dollars a barrel for a while, and as I write this article Brent crude is still below 28 dollars a barrel. As energy prices continue to plummet, this is putting a tremendous amount of pressure on junk bonds. On Wednesday JNK actually dipped beneath 32.00 for a time before rebounding at the end of the day. I expect to see junk bonds continue to crash during the days ahead as investors feverishly race for the exits. And of course global economic fundamentals continue to deteriorate as well. Global trade is absolutely imploding and shipping rates have fallen to unprecedented levels. If you can believe it, Bloomberg is reporting that it is now actually cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari… Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40, the price of which has also fallen slightly in the past few years, according to Nick Hardwick, founder of supercarexperiences.com. The Baltic Exchange’s rates reflect the cost of hiring the vessel but not fuel costs. Ships burn about 35 metric tons a day, implying a cost of about $4,000 at present prices, data compiled by Bloomberg show. I could hardly believe that when I first read it. But this is the kind of thing that we would expect to see happen when the greatest financial bubble in world history bursts. The 200 trillion dollar global debt pyramid is now collapsing all around us, and the former chief economist of the Bank for International Settlements is warning that we could soon be facing “an avalanche of bankruptcies”… The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS). Of course it is a little late in the game to be warning us about this now. At this point there is very little that can be done to stop the collapse that is already happening. White went on to tell the Telegraph that things are going to become “uncomfortable for a lot of people who think they own assets that are worth something”… “It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos. For years, I have been warning that the global financial system is an incredibly shaky house of cards, and now we have finally reached the endgame. But the mainstream media in the United States is telling everyone not to panic. Instead of a time to sell, the mainstream media is urging people to jump in and take advantage of all of the “great deals” in the stock market right now. I really like what Mike Adams of Natural News had to say about what we are seeing… The pathetically stupid and dishonest financial media is desperately running stories right now to maintain false faith in the markets, even while their own people are behind the scenes selling like mad. As long as they can keep the public believing in the “faith” of never-ending cheap money, they can bail out their own positions to suckers and fools who think a tiny dip in a massively overvalued, fraudulent market is a “buying opportunity.” Watch for desperate headlines from propaganda financial outlets (such as MarketWatch.com) like, “10 reasons you shouldn’t sell” or “The upside potential of the market is HUGE!” These are psychological operations to try to persuade people that the collapse they’re seeing in global markets isn’t actually happening. The financial chaos that has erupted in recent weeks has really caught a lot of people by surprise, but my readers knew that it was coming well in advance. For months, I have been warning about this exact kind of scenario. The deflationary financial meltdown that started during the last six months of 2015 is now making headlines all over the planet, and what we have experienced so far is just the tip of the iceberg. The bears have gotten out of their cages, and global investors are running for cover. Nobody is exactly sure what is going to happen tomorrow, but without a doubt the entire world will be watching. Source: Economic Collapse http://theeconomiccollapseblog.com/...already-gone
mac:
Everybody done?
jacque47:
yes
mac:
Now, I want to lead this with a personal story, when my eldest children were 5 and 1, the were sitting in our living room rolling one of those balls from the massive bins at wal mart. Soon, they were rolling the ball faster. Then they were bouncing the ball to each other. I immediately called STOP! My wife looked at me indigantly and asked why I had stopped the children’s fun. I informed her that rolling led to bouncing, bouncing would lead to throwing. Before I allowed the children to proceed, I wanted to know what in the living room she could afford to have broken.
mac:
This is how my mind works..
mac:
So what I wanted to point out to all of you is that if you have been following or can go back to the forums and read the past morning chats as well as the one TK and I had Mon night. I tried to let you know what would have to happen when we reset from FIAT to asset backed.
mac:
TK has been mentioning this for the past 3 years and Rodney aka Gankins caught on to this couple of years before that.
mac:
Unfortunately back then they did not have the details of how this would occur.
mac:
We have those now. Encapsulated in this article.
mac:
If you have been joining us in the morning, which BTW TK will be able to join us tomorrow morning, you know that I state that the transition from FIAT to ASSET will literally RESET world economics. Specifically the value of the FIAT US DOLLAR.
mac:
In order to transition to level the playing field will not be a flip of a switch. It will entail the current dollar losing ALL it value to insure it cannot come back in any form.
mac:
The new TRN will start from that point and ascend from there.
mac:
That is the technical definition of a RESET. Starting over from zero.
mac:
I wanted you to know that I was wrong.
mac:
In the respect that I believed this would start just before the RV of the currencies we are invested in.
mac:
It began six months ago.
mac:
We are in the middle of it now.
mac:
And the RV is around the corner.
mac:
So what does this mean?
mac:
If I understand what this article is stating and I have verified it thru other articles, the price of oil, economies currently collapsing you need to comprehend what is about to take place shortly.
mac:
Since dodd-frank makes any person who deposits money in ANY BANK a creditor not a DEPOSITOR. It means you as well as the bank are on the hook for failed loans.
mac:
SO when the bank is failing, your money will be used to save the bank to cover bad loans.
mac:
What will cause this to happen? The FIAT dollar losing value, the price of oil.
mac:
Your money that you currently have in any banking institution is at risk once the value of the FIAT dollar collapses and based on this article it is collapsing as we speak.
mac:
Just because you don’t think it can’t happen does not make it true.
mac:
I am sorry I have to be there bearer of this burden, but I wanted you to know I miscalculated the timeline for this event. But this event has to happen to level the world’s economic playing field.
mac:
I believed it would happen after the RV and after we had deposited into banks, I was wrong and I apologize.
mac:
The Bible in Proverbs tells us "A wise man sees trouble, and avoids it"
mac:
I cannot tell you all what to do I am just telling you there is trouble coming.
mac:
Everybody’s situation is individual.
mac:
OK I’m done. I will try to answer what I can.
firecarl:
so, it is better that it is happening "before" the RV , since we have no $$ yet to deposit into the bank
iamsoready:
THANKS FOR the wonderful info my question is where do we invest our monies so we do not get into the trap the bank will put us in?
mac:
Well yes and no firecarl, it means what little we do have will be used to save the banks not you.
Tommy864:
So Mac when it RVs we cannot exchange cannot trust the banks
firecarl:
will the U.S. cash be worth anything we have now ?
mac:
iamsoready, this is where you need to find that answer on your own, one size will not fit all.
mac:
Tommy864, that is not what I said.
Tommy864:
Did you say our money is at risk in the bank above
mac:
Tommy864 I am telling you what the sequence of events will be. TK did tell us to exchange enough to get healthy, invest in metals and stock your house to ride this out.
MikeH:
mac sounds like it would be a good idea to buy gold and silver when you exchange
hogs4life:
Mac So you are saying we will see the reset before the RV. So this is something to watch for to let us know the RV is next?
mac:
Tommy864 I believe in order for the banks to stop using FIAT currency they must collapse first in order to accept the new asset backed currency.
mac:
MikeH TK has been pounding that drum for a few years now.
MikeH:
yes and I agree
mac:
hogs4life yes but what you have in banks now will be used to defend the bank from collapsing and they will not return any of it to you.
mac:
This goes for any type of organization that handles money not limited to trusts, annuities, 401K, IRA etc.
arizona49:
mac this will be similar as what happened in Cyprus, correct? But worldwide.
hogs4life:
Mac So when the RV occurs would the banks have already hit bottom and covered their losses?
mac:
AZ worse, much worse and no one will come to the USA's rescue. We created the entire thing.
MikeH:
property should be a good investment also
arizona49:
Probably worse
arizona49:
Got it, mac
firecarl:
so, individually you say ... so, let's give a "for example " a scenario if you will of a joe smoo rv exchange into way per say ?
firecarl:
i exchange $ 100K to get healthy
mac:
Hogs yes, think of it like ripping a splinter out of your chest and giving you antibiotics to kill the remaining infection. There can be no remnants of the FIAT dollar anywhere or the new asset currency cannot be introduced.
firecarl:
i then make a trust or is that out the window too ?
mac:
Firecarl, establish your trust I would not go ALL IN on anything till we see the reset in started
mac:
ANYTHING FIAT WILL BE ELIMINATED PERIOD
mac:
I know, some of you think I’m a conspiracy looney toon. But those that know me or have gotten to know me understand I approach everything rationally. It is not my responsibility to make you believe IT IS my responsibility to give you the truth. Kind of like salvation.
iamsoready:
how long will this down turn last?
mac:
Folks I read all the other sites and they are focused on Gov't, articles secret contacts etc. But they are only looking at their facet. This is a global event that will trickle down to your house. That’s why I am so passionate about telling you this. No one is seeing the horizon.
mac:
Unfortunately, that I can’t determine. Sorry. I would prepare for 6 months but it really is up to you and your individual situation.
mac:
The possible scenario would be that the PTB want to grab as much dollars as they can before the collapse, hence the reason some sites unwittingly use their credibility to tell you all the great benefits the banks will give you. Be wise and understand, once you deposit and we are still on the FIAT currency, kiss that money goodbye forever.
mac:
So you basically waited for the RV to end up worse off then before you bought your first IQD.
iamsoready:
wow, thanks so much
Iamsoready:
can we just hold on to our currency till the dust settles?
mac:
Yes property is always a good investment. But what good is a Ferrari if there is no fuel to buy? Or no one working the gas station. Think about what you lose if you reset your phone, or computer.
mac:
Apply that to this scenario.
mac:
iamsoready yes but I need to use some of it to get healthy and prepare.
mac:
but that is me and my family, if you can do it now even a small bit without risking your day to day expenses do that.
mac:
Second time we have stepped on Dwight’s call. I will have to apologize to him tomorrow.
iamsoready:
thanks again sure do appreciate you taking the time to keep us informed
mac:
I don’t want to cause panic or any other negative emotion. I just put it together after MikeH who faithfully sends me articles sent me this specific one.
mac:
Thank MikeH everyone for his servant heart and not demanding any credit whatsoever.
mac:
If I’m right your will have minimized the effect of what will come. We won’t escape it, just minimize the effect on our futures.
mac:
If I’m wrong, you wont be thirsty for 6 months and the food banks will get overly supplied to help those less fortunate.
magnum:
Will we be able to trade in our fiat currency that we have in hand for an equal amount of TRN?
mac:
I don’t believe so. My worst case scenario is 10 FIAT to 1 TRN.
mac:
But that is an educated guess.
magnum:
Then we are really screwed if that’s the case
mac:
Please investigate this for yourselves. Come to your own conclusions. I have come to mine.
magnum:
That will be interesting to see how folks will make payments on debts
mac:
magnum we were going to be screwed anyway.....
mac:
Magnum and they will still expect payment
magnum:
Try to make a car payment with worthless money
mac:
yep
magnum:
I guess I need to buy everything I will need now just in case
mac:
No US born citizen can possible conceive our nation with a worthless currency.
mac:
possibly
mac:
But it will and has to happen.
mac:
The FIAT has been overused and overpromised, now the world wants us to pay up on the promise.
magnum:
I pity the collector trying to take things from folks in that situation when this country has the most heavily armed citizens
magnum:
That’s why for several years I've heard that you need to be debt free for what’s coming
magnum:
And I am
mac:
And we only hold 10% of the total in actual assets.
mac:
What happens when one has too many debts and not enough money? What is the individuals recourse legally?
magnum:
Bankruptcy
magnum:
Debtors prison
mac:
Magnum that is why we have Marshall law. And it will be enacted possibly by the incumbent president.
mac:
Think the dollar is strong? Look at this: http://pricedingold.com/...USD-2006.pdf
magnum:
Maybe thats what O has up his sleeve to stay in office
mac:
Magnum what happens when a gov't has too many debts and not enough money? Money that they printed.....
magnum:
Total economic collapse
magnum:
cival war
magnum:
the big cities will be the worse place to be
mac:
As the constitution states once Marshall Lawis in place the incumbent president remains until mashall law is lifted by presidential order only.
mac:
O just became king.
magnum:
The government will grab anything they can get their hands on to save themselves not us
MikeH:
he has to have a army that will follow him and I don't think he has that yet
mac:
is anyone seeing where this could head?
magnum:
I heard he has already signed a presidential order that would suspend any elections due to an economic collapse
magnum:
King O
magnum:
His army could be U.N. troops
magnum:
JMO All just speculative
mac:
MikeH the military will follow orders do to what they are told and see in front of them. I obeyed orders no matter what.
MikeH:
only if the order is lawful
magnum:
Under Marshall law if you don't follow orders you can be legally shot without any due process
MikeH:
and it could be if worded right we will just have to see how it plays out
magnum:
Marshall law sets aside constitutional law
mac:
DHS, DEA, FBI, CIA who else does he need? Besides these people will be getting paid and supplied. Their families will survive. Big motivator. Works for ISIS.
Grandmaster:
Sorry guys my Son called me and talked and talked. He is four weeks out of having His Doctor in Physical Therapy so when He wants to talk I listen. I just read back on what I could on the page and I guess I did not miss much as I do not subscribe to the therapy. But hey, to each his on. No disrespect at all. It is what it is.
magnum:
I do believe and this is just my opinion if they go against we the people they could be opening up a big can of worms
mac:
Ok folks, I’m lagging, my boys must be on Xbox. Please understand that I have prayerfully considered everything I have told you. I did not want to be the bearer of the reality we are about to face. As many will attest I only want to serve as to give God, not me the glory. I am obligated to give my opinion, your are in no way obligated to believe it. Please join us in the AM for coffee time. you can hammer TK with more questions. I love to serve you all and i serve because I love you all