US Equity Futures Are Crashing

Moments ago, without any specific catalyst, US equity futures just plunged when in thin, illiquid tape, a seller took out about 30 consecutive levels and moment ago, the ES was down as much as -48 to just 1923, after being down a modest -13 minutes ago.

It is unclear just what is going on, or whether some prop desk or hedge fund just got tapped out, and/or how the Fed will react but the last time we had action like this, the Fed confused a liquidating SocGen trader for an economic collapse, and cut rates by 75 bps in January of 2008.

This time it does not have that luxury.

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French Economy In “Dire Straits”, “Worse Than Anyone Can Imagine”, Leaked NSA Cable Reveals

Earlier today Wikileaks released a new batch of NSA intercepts among which one in particular stands out: an intercepted communication which reveals that then French Finance Minister Pierre Moscovici believes the French economic situation was far worse, as of mid-2012, than perceived.

Specifically, Moscovici who served as French finance minister until 2014 and then became European commissioner for Economic and Financial Affairs, Taxation and Customs, used some very colorful language, i.e., the French economic situation was “worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

Needless to say, no drastic measures were taken. In fact, no measures at all were taken because thanks to the ECB’s “whatever it takes” 2012 intervention and subsequent QE, pushed French yields to record low levels making the need for any reform moot (a la Greece, until the whole circus exploded).

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Police Militarization: Preparation For Economic Collapse, Food Shortages, Civil Unrest, And Martial Law 

The following is a study I’ve done proving that the active militarization of police dramatically increased after the financial crisis of 2008. The U.S. military’s nationwide Civil Disturbance Operations,

Jade Helm and ARSOF Operating Concept are all a cohesive preparation for a forthcoming nationwide economic collapse, civil unrest and martial law due to widespread food shortages and lack of emergency services. It’s all connected, ladies and gentlemen, and I’ll show you how.

“The only proper functions of a government are: the police, to protect you from criminals; the army, to protect you from foreign invaders . . . But a government that initiates the employment of force against men who had forced no one . . . reverses its only moral purpose and switches from the role of protector to the role of man’s deadliest enemy, from the role of policeman to the role of a criminal vested with the right to the wielding of violence against the victims deprived of the right of self-defense.”

 ― Ayn Rand, Atlas Shrugged Vol. I, (Random House: New York, NY, 1957), Chapter 7, “The Exploiters and the Exploited”, p.3

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Dollar Vigilante Warns Of September 2015 Crash: “There Are A Lot Of Things Going On… A Lot Of Crazy Things” 

The warnings signs of a coming collapse of the global financial system are starting to appear everywhere. From currency machinations in the United State and Europe to government exercises and simulations preparing the military and law enforcement for widespread civil unrest, it seems that those those in the upper echelons of the global power structure know that it is only a matter of time.

Though the exact path to the next financial crisis is still unclear, there are a host of possible trigger events that could send the system into a tailspin in rapid fashion. The Dollar Vigilante Jeff Berwick, one of the most well known contrarian financial analysts in the world, suggests that the reckoning may come in the Fall of 2015. Berwick doesn’t make forecasts such as this lightly, but as he notes, there are a lot of crazy things going on and it’s just amazing to see all of these things being put into place.

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Crash Alert: Something Very Bad Indeed Is About To Happen - China Bubble Is On Threshold As Is EU Grexit - Bond Implosion Anyone? 

China’s trade collapse raises fears of growth slowdown: exports fall by 15%, imports by 12.7% in March.

Hard landing fears return as exports fall by 15pc and imports by 12.7pc in March

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US Teeters On Brink Of Economic Collapse Due To ‘Dollar Bubble’ – Ron Paul 

The United States risks sliding into the abyss of economic crisis, Ron Paul warned, pointing out that “there is a huge bubble with the dollar.”

The rising Dollar index, which reached its 12-year highs against the basket of currencies, is not a reason for optimism, warned Ron Paul, a former Republican congressman and two-time US presidential candidate.

“It’s not so much that the dollar is a great currency. It’s the fact that nothing else is any better. The fundamentals are a disaster. The economy is in bad shape when you have more than half the people hardly making ends meet,” Dr. Ron Paul underscored.

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