Prognosticators Who Cried Wolf about Dollar and Global Economic Collapse - Part 1

By: Chris Vermeulen | Wed, May 13, 2015
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Over the years, hundreds of various self-proclaimed prognosticators who said a global economic collapse were to happen on this date or that date have failed. Sort of like the old story about the shepherd who cried wolf.

Unfortunately this is EXACTLY what looks to be getting ready to happen. But first let me mention that the most accurate doomsday/sky is falling talking heads out there who have predicted several life changing events correctly in the past always seem to be 3-5 years early.


Why are these people always a few years early in predicting these events?

I believe it is because they focus almost strictly on fundamentals and economic data and ignore price analysis of various assets which could help in timing these events. There is no doubt in my mind they are correct about the fundamentals being out of whack and unsustainable, but I know from trading that fundamental data can lead or lag the actual markets themselves by several years.

In 2011 and 2012 several global economic collapse scenarios started to float around the market place. Now 4-5 year later we have yet to have a global collapse. But, what is interesting is the fact that many of the things they said would start to happen HAVE started happening in the past few months.

What scares me the most is the fact that the US bond bubble may burst, the USA will not be able to service their debt, the dollar will collapse in value, and a new currency will emerge.

If this happens everyone will experience some rough times for a while. Keep in mind that most of the US dollars are held outside the United States. The dollar is global and will send a shockwave into several countries financial systems.


Secret New Global Economic Treaty

Barack Obama has been working secretly on a new treaty and potentially new world currency. Only members of Congress are allowed to look at the treaty and they are being banned from saying anything to the public.

Americans could lose most of their wealth overnight and thanks to all of this secrecy they won't even see it coming. There is the potential for a massive devaluation in the dollar which could happen literally overnight. This means Americans (individuals holding primarily US Dollars) will wake up one morning with a fraction of the wealth they had 24 hours ago. Its scary stuff to say the least.

This new treaty is the "Trans-Pacific Partnership", and is being touted as perhaps the most important trade agreement in history. Very few people in this country are talking about it.

Currently, there are 12 countries in negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. These countries have a total population of 790 million people which accounts for an astounding 40 percent of the global economy. If the EU, China, and India join then this treaty will likely pass.

 


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Chris Vermeulen

Author: Chris Vermeulen

Chris Vermeulen
President of AlgoTrades Systems
www.TheGoldAndOilGuy.com

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Chris Vermeulen

Chris Vermeulen, founder of AlgoTrades Systems., is an internationally recognized market technical analyst and trader. Involved in the markets since 1997.

Chris' mission is to help his clients boost their investment performance while reducing market exposure and portfolio volatility.

Chris is also the founder of TheGoldAndOilGuy.com, a financial education and investment newsletter service. Chris is responsible for market research and trade alerts for of its newsletter publication.

Through years of research, trading and helping thousands of individual investors around the world. He designed an automated algorithmic trading system for the S&P 500 index which solves his client's biggest problem related to investing in the stock market: the ability to profit in both a rising and falling market.

AlgoTrades' automated trading systems allows individuals to investing using either exchange traded funds or the ES mini futures contracts. It is supported by many leading brokerage firms including:

- Interactive Brokers
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He is the author of the popular book "Technical Trading Mastery - 7 Steps To Win With Logic." He has also been featured on the cover of AmalgaTrader Magazine, Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites. His list of personal and professional relationships approaches 25,000, people with whom he connects and shares is market insight with out of his passion for trading.

Chris is a graduate of Seneca College where he specialized in business operations management.

Chris enjoys boating, kiteboarding, mountain biking, fishing and has his ultralight pilots license. He resides in the Toronto area with his wife Kristen and two children.

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