Jan 31 Russell Investments Chief Economist Mike Dueker found dead at the side of a highway in Washington State of an apparent suicide.
Jan 28 JP Morgan IT Chief Gabriel Magee jumped to his death from the top of the bank’s European headquarters in London
Jan 26 Deutsche Bank former Risk Manager William ‘Bill’ Broeksmit was found hanging at his Kensington, London home
Let me pile on some more with a few headlines from the financial markets this week:
Jan 31:
15% correction? Some say yes, others no way
Here We Go: Wal-Mart Cuts Guidance, Blames Foodstamps, Weather
Roubini says the worst isn’t past for emerging-markets currencies
Jan 30:
Concerns of Emerging Contagion Rile Global Markets
Chances Rise for 10% Market Drop
Jan 29:
Emerging Market Meltdown Resumes
The Global Rally Has Completely Collapsed
Turkish Central Bank Gets Desperate To Save Its Currency
Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
More Than The Fed, China’s Shadow Banking Is Now EM’s Biggest Risk
Jan 28:
Expect 10% to 20% Correction
America’s recovery a ‘false dawn’
Jan 27:
Buckle up! 2014 will be a bumpy ride
TOO MANY FIRES BURNING: Why Emerging Markets Are Tanking
Are We On The Verge Of A Massive Emerging Markets Currency Collapse?
How much gas is in the economy’s tank?
Scrambling Gold Mints Around The World Plead: ‘We Can’t Meet The Demand”
(Miss these headlines? Be sure to check STR’s “Headlines of the Day” daily!)
Got it? There is a reason I listed the dates in reverse. But then there was this friday…
Jan 24
Here’s the thing with Matt Drudge, he has connections everywhere and tends to be in the loop on what’s coming. So he tweets this cryptic message “have an exit plan” out Friday then we have three bankers off themselves in the days that follow?! Banker suicides isn’t something new, but when you hear about bankers killing themselves you cannot not think of similar stories from the Great Depression.
Those that visit STR know I have been arguing for quite sometime we are in fact in a stealth depression and it’s just a question of time until this whole thing comes apart in total economic collapse. That’s not tinfoil hat theory, it’s based on facts. You cannot print money in the trillions backed by nothing, having your own central bank (aka Federal Reserve) buying back its own debt and monetizing gold reserves indefinitely. A nation that produces nothing with out of control spending will collapse. The Weimar Republic tried these Ponzi schemes and it ended badly! I’m pretty good at putting the puzzle pieces together since my awakening 7 years ago, like the Star Wars characters say in the video “I’ve got a bad feeling about this”…
Either something very bad is brewing causing bankers to kill themselves or I’m forcing the puzzle pieces together.