Both brass and Pb are quite cheap right now.

I'm planning on increasing my investments in brass and lead, just in case.

Obama got as far as he did because his election took place shortly after the start of a big recession. Well, it looks like 2016 will be the same story again. Now all we need is a nominee who will seriously cut spending.

But if that doesn't happen, I'll vote for the Libertarian, because I know he'll do it. And a RINO GOP nominee will be as bad as another Democrat.

The bear of 2015 doesn't stearn any longer, that's why...

What WE can do is try to separate ourselves from the dealings of our government by using alternative money and being self sufficient as much as possible.

We the people have been hoodwinked by lying politicians. If Trump does ONE thing only as president, he should tell us when the emperor has no clothes and expose the underhanded dealings of our politicians.

The decline in the stock market has been going on for a year now. I am sure all the computerized trading is poised to get OUT at the slightest blip, which we saw yesterday. I think stagnation and slow decline is whats going to happen, followed by Venezuela-style collapse.

I cautioned this, sans graphs, in a post a few days ago. Boiling it down into the words of Al Jolson, "You ain't seen nuthin' yet."

I did not finish. so here goes.

The problem in China is simple, they do not have an internal economy that is to say they can not support themselves without shipping goods all over the world starting with the US. We had an internal economy until the government started the ball rolling to cause companies to leave the country and now that we do not have manufacturing as we had it 50 years ago our internal economy is disappearing. We also have over one hundred million people unemployed and as a result of an open border the number of unemployed is growing.The fed is just a sham and they can do nothing to change the direction of the down fall of the economy. Even if oil is 10 bucks a barrel people will not be able to afford to buy gas, because they do not have a job and the government will not give them more money. Yes this down turn will be worse.

again...read "The Creature from Jekyl Island"...best book on real world money, finance, and politics

It is generally understood or should be that the US market in total is the economic engine of the world.
A

Great post.

The fuse has been lit for the most massive economic meltdown in history. The only way to stop it would be unprecedented moves by our government to slash taxes AND spending and neither is going to happen in time.

The Fed isn't interested in lowering either taxes or regulations. They support the moves by the current Administration and Congress to increase taxes and stifle small business because it forces more business to go through the major banks they control.

And the Federal Government also seeks the control that comes with more government handouts and regulations. They also work hand-in-hand to continue the inflationary policies that devalue the national debt. It's a massive cabal.

"The looters will always be with us". Paraphrased

I would like that as well. I'm afraid we are not done with the looter though. Just think we are coming to the end of this fake economy. I should have been more clear. :)

I hope we are getting close to the end of the looters' era.

IF (producers do not shrug) THEN
Producers will get blamed for "unfairly" profiting from the misery of moochers. Looters will call for still higher taxes and more regulation. The Fed will call for negative interest rates. Sane people will put their savings into locked metal boxes in their closets.
Go back to start of IF statement
ELSE producers will disappear into a Gulch
ENDIF

I think we are closer to the end than most think we are JB. Hope I'm wrong.

The only tools remaining are a reduction on regulations on businesses and a reduction in taxes. But, these aren't in the jurisdiction of the Fed...

What do you think will happen?...

Yes, and the next one and the next one and so on. By the time this newly emerging bear market is over, people will be reflexively selling every bounce and absolutely convinced that there will never be another bull market.

Maybe we are closer to the end of the looters' era than I thought.

So is the next bounce a "dead cat" bounce?

Oh, you'll get your bounces. Maybe not today, but there will assuredly be bounces. Sell them.

I actually expected a bounce today. I thought the intervention in China would help some but it seems the meltdown has begun.