Retail is contracting, GDP is manipulated, and the United States no longer has any manufacturing. Central bankers are doing everything they can to convince the world that this economy is doing well and that “there’s no problem.”

However, every European economy is trending downward. The UK is heading for a recession. The British GDP contracted by .4% in the third quarter, the manufacturing PMI tumbled from 52.1 to 49.1, and the service PMI fell from 52.3 to 47.4, its lowest point in 88 months. The central bankers and politicians say “it’s all from the Brexit,” but Britain’s economic indicators have been on a downward trend for much longer than just since Brexit.

The US is seeing the same exact thing The US central bank is manipulating the stock market, as well as gold as they try to convince everyone that everyone is fine. But layoffs continue. The energy giant Schlumberger is firing another 8,000 people. As time goes on, everything continually gets worse.

Millennials may be the first generation that will have lower lifetime earnings than any other generation. . ..Millennials are stuck with so much student debt, and no good jobs, it is going to be a nightmare. Millennials have “More student debt than any generation before them,” according to the PEW Foundation. Millennials have 41% of their debt in education, generation X 26%, Baby Boomers 13%, and the Silent generation just 3%. With no good jobs and a weak economy, Millennials face a difficult time paying back their student loans, let alone buying a house.

Every single time throughout history when a fiat system was adopted, in the beginning everyone feels “incredibly well.” In the 1970s when the US went onto a fiat currency system, wages doubled and houses inflated. Then in the 1980s, with interest rates held down, there was a “little period of growth.” However, “We are at the end game.” Wages are flat or are declining. Inflation is rising. The central bankers are holding fuel prices down to fight inflation and are not letting the currency they are creating enter the system, which would devalue the currency. The They have that part manipulated and controlled. But, with time, “Wages will decline and inflation will take effect, as we’ve seen in Venezuela,” Greece, and other countries.

When will the economic system collapse? The economy most likely will come down this fall, and if not then, it will be the first quarter of 2017.”

People around the world are starting to wake up (that) things don’t make sense. Therefore, European investors are taking their cash out of Europe and shoving it into the emerging markets. They realize they need to place their funds someplace else.

August, has often been a bad economic month. Four of the past 6 Augusts have been big down months.

When this economy comes down and crashes, it’s going to happen in a split second. The 1929, 1987, 2001 and 2008 crashes all happened suddenly. We are on the same course, except “things are much worse (today)” because the majority of country has never recovered from 2008. When another collapse hits, it will be that much worse. Get prepared for what is coming. You will not be able to go get food. You will not be able to go get water. You will not be able to get gold or silver. You will not be able to go get cash. It is going to be horrific.” 

For more information, visit Patrick MontesDeOca  at ema2trade. He is a widely published technical analyst, author, commodity trader, trading coach and systems developer with expertise in algorithmic intelligence and the computer modeling of processes. He custom builds proprietary market intelligence reports that are customized for each individual or institution’s trading objectives.