The Emperor Has No Clothes.

[dixiegrrrrl]

9. Happening now...a slow steady roll.

New cracks appearing every day.

Fracking companies going bust; they were highly levered with speculative money
China markets in free fall
Our stock market is no longer "real", it is highly overvalued by just a few big players like Amazon, Netflix, etc who have been buying their own stock to look good, sort of retail quantitative easing, if you will.
ie: there is no real money and no real valuations, and has not been for a long time.

Most American's pay has not shown an increase in 2 decades, and hidden inflation is eating us all alive. The 35% increase in MANDATED insurance premiums is gonna do in a lot of people.

Car dealerships are turning car loans into mortgage backed securities, and using sub prime loans to do it.
Then they repo the cars when payments stop, re-sell them and create MORE securities on the same car!

And just awhile back, banks once again decided to give home loans to people with poor credit scores, little income, etc.

It's 2008 all over again.