Things have been happening this week. We had the first big debate of this year’s US election. (Did anyone catch the wires on Hillary?) Obama got vetoed on the 9/11 bill, and that has the Saudis in a tizzy. The reputation of the FBI is falling fast. We have even MORE evidence about how they try to manipulate us. More and more evidence keeps rising about Gog and Magog.
And yet ANOTHER typhoon took a whack at us, in our Little island of Taiwan. And, it got personal.
What a shocking week. Obama destroys the Rule of Law by effectively pardoning Hillary. Turkey doubles down on her rapprochement with Russia. We learned that investment in conventional oil development has collapsed. News of economic collapse gathers steam. Gold takes a big leap higher, and still has much higher to go. China teeters on the brink of a 1929-style Great Depression. Ramadan ends with dead bodies strewn everywhere. Matthew 24:7 comes to Dallas, where black shooters kill five police officers. A Palestinian terrorist murders a 13 year old American-Israeli girl in her bed.
And Typhoon Nepartak visits southern Taiwan and ignores my open invitation here in Taipei.
I was hoping to write about something else today, but Jasper left a comment last night that reminded me of a key piece in this game: Deutsche Bank. And, that led me to think about the price of oil, the Petrodollar and Russia’s trump card:
I know that this sounds silly, but bear with me for a bit. This is deadly serious.
Do you know who supplies 30% of Europe’s natural gas?
Do you know where 50% of that Russian natural gas travels through?
According to Marc Faber, the US stock market conditions are almost exactly like what they were in 1987. In that year, markets reached a high on August 25th, and then crashed in October. On Black Monday (October 19, 1987), both the S&P 500 and the DJIA lost more than 20% of their value. When it was all over, the stock market had lost 36% from its August 25 high.
“In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became very overbought,” Faber said on Thursday’s “Futures Now.” “The final rally into Aug. 25 occurred with a diminishing number of stocks hitting 52-week highs. In other words, the new-high list was contracting, and we have several breaks in different stocks.”