(News & Editorial/ Preparing for the decline)
A. The Hindenburg Omen
The Hindenburg Omen is named after the German dirigible — an 804-foot blimp stuffed with 7 million cubic feet of hydrogen — that crashed at the Lakehurst Naval Air Station in New Jersey in May of 1937. And while I think the market could head 15 percent to 20 percent lower, I’m certain as gravity that it will not fall to the 4,000 level —- unless the Dow splits two-for-one.
The Hindenburg Omen (Titanic is a better name) uses the following indicators to predict a market crash.
(1) The number of new 52-week highs and the number of new 52-week lows on the New York Stock Exchange must be greater than 2.2 percent of issues traded that day.
(2) The smaller of the number of 52 weekly highs and lows must be greater than or equal to 69, which is 2.2 percent of 3126, or the number of issues that trade on the NYSE. This isn’t a rule, but more like a checksum and is a function of the 2.2 percent of the total issues traded.
(3) The 10-week cumulative moving average of the Dow Jones Industrials must be rising. (4) The McClellan Oscillator (the difference between the number of declining and advancing issues on the NYSE) has to be negative and (5) new 52-week highs must be less than twice the number of new 52-week lows. And when all these indicators are in sync during a specific market day, the Hindenburg Omen is supposed to presage a significant market downturn.
Jason Goepfert, founder of Sundial Capital Research and author of the SentimenTrader Daily Report, said there have been a cluster of five Hindenburg Omens over the past few weeks [this article was written 11 June 2013]. As a student of investor psychology and sentiment trends, he’s worried about what potentially lies ahead.
“That’s a heavy concentration that we haven’t seen too many other times over a span of nearly 50 years,” Goepfert wrote in his Monday report. “And when we have, it hasn’t been good.”
The recent cluster of Hindenburg Omens has coincided with a market environment that has turned more jittery about looms ahead. From stocks to bonds to commodities stretching from Japan to the U.S., investors have been rattled and volatility has ramped up amid concerns about future Fed policy.
U.S. stocks just staged a significant intraday reversal, with the Dow briefly turning positive after being down as much as 153 points earlier this morning. The easy-ride higher for stocks over the past several months appears to be over as volatility has ramped up and performance has become choppier.
The Hindenburg may be little more than an ominous-sounding indicator. But right now, it’s only adding to the list of worries that’s impacting investors.
The excerpts above were pasted from: http://blogs.wsj.com/moneybeat/2013/06/11/hindenburg-omen-more-than-just-hot-air/
B. Signals for Breakdown on Numerous Fault Lines
11 July 2013, Gold-Eagle.com editorial by Jim Willie
Pasted from: http://www.gold-eagle.com/article/signals-breakdown-numerous-fault-lines
Many are the signals of breakdown, in the financial system and the Gold market. The day is near for release of gold from under the thumb of the criminal bankers. They can no longer operate in the shadows, recently in full view. The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. They are Deutshe Bank in Germany, Barclays in London, and Citibank in New York. Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to US Treasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.
The contagion that will hit is assured, since these three big banks are all interconnected, their positions intertwined, their fates tied like a common millstone around their necks. When they go down, and they will go down hard, the gaggle of Western financial firms (banks, investment banks, hedge funds, exchanges) will sink together into a sea of red ink, toxic swill, and more than a few orange jumpsuits. The legal route might be more likely a vanishing act, as hidden banker prisons have begun to be populated, very quietly, under extreme secrecy. Remember that since the great London gold drain last spring 2012, a new sheriff has been in town and hard at work. And he is taking bankers, mid-level bankers, the ones who know too much information, but who do not have the privileged high rank.
Every passing day brings the world closer to ruin, a necessary step for release of the cable lines from corrupted derivatives and basic hemp from futures contracts. The Wall Street traders (with their cocaine habits) and the Wall Street executive bankers (with their Satanist rituals) are on the way out. On the other side is the release of gold from shackles over 20 years. A funny line was quipped, that people confuse the price of gold with the gold price. Meaning, people confuse what is offered as the COMEX gold price as being real. In any true market, the Price is set as the equilibrium point where Supply arrives to meet Demand, where Demand from customers clears Supply. Neither is present in today’s gold market.
Shortage is enormous. Even scrap supplies are near zero. Demand overwhelms available inventory. No equilibrium is remotely apparent. The Jackass thoroughly enjoys that COMEX gold ambushes executed by New York and London criminal class bankers, done with full impunity, done with full blessing, if not direct pleading by government finance ministries. The ambushes are done with execution aid by the central banks, reinforced by the wags in the financial press. The bankers indeed slit their own throats on stage in mid-April with the gold price ambush. In June, they castrated themselves with dull blades in full view on stage in the latest ambush. They have accelerated the Gold Supply drainage. They have magnified the Gold Demand worldwide. They have hastened the imminent COMEX & LBMA shutdown most assuredly.
The signals are mounting for systemic breakdown. They will not be elaborated upon here in any great detail, only listed, since so numerous. The details are provided in the Hat Trick Letter reports, lengthy and integrated, many of the dots connected as they say. Lately, the entire stories arriving on the newswires, the financial tickers, and the television sets seem like an amalgam from:
- Al Capone gangsters residing in Wall Street and USGovt officers
- James Bond and the hidden syndicate, orchestrating car crashes and murders
- Andromeda Strain, in a global war on engineered viruses disguised as vaccines
- The Day the Sun Stood Still, with fabricated hurricanes and targeted earthquakes
- Invasion of the Body Snatchers, complete with Sandy Hook venue
- Black Holes in formative stage on earth, from USTBonds and sovereign bonds
- Alfred Hitchcock on suspense, as the bank failures and bail-ins cometh
- Nightmare on Elm Street with Freddy Kruger, as martial law approaches
- Manchurian Candidates in high office, in a succession of White House occupants.
But the collapse and nightmare and endless storm is our reality, somewhat an end product of the forced feeds in propaganda format. The signals are many and growing, even spreading to wider platforms and stages. The tragedy is that many people will lose life savings, duped to the end, demonstrating limited mental acuity. The required step is that certain markets go dark. My full expectation is that before the gold price is released to find the rightful $7000/oz price that comes, the entire gold market will turn into a fractured hidden chain of arenas, loosely connected and sparsely supplied. It will feature different prices and different availability. According to my sources, the process has already begun,.
THE DIVERSE SIGNALS OF BREAKDOWN
Negative GOFO gold forward rates: They are the rates at which contributors are prepared to lend gold on a swap against USDollars. They provide a basis for some finance and loan agreements as well as for the settlement of gold Interest Rate Swaps. The most likely explanation is a run on allocated gold accounts within certain bullion banks, and a possible bankruptcy of a bullion bank. Next will come the Backwardized gold price structure. Actually, Turk claims the London Bullion Market Assn website reports a gold backwardation right here, right now, as in today. The full-blown backwardation is predicted by Karen Hudes (formerly of World Bank) and by James Turk (founder of Gold Money).
Vanishing JPMorgan gold vault inventory: Since the April ambush event, the client partners of JPMorgue have been jumping ship. On a single day in early June, the JPMorgue upchucked a whopping 60% of its gold inventory. The date was June 11th. The news went unreported by the intrepid harlot clownish press. Between March and June, JPMorgue client accounts saw fit to remove a total of 13 metric tons (13,000 kg) of gold. They clearly have lost trust in the big bank, which is the object of criminal investigations and fraud and thefts on a monthly basis.
Raids on GLD gold inventory: The reductions to the GLD gold bar inventory match closely the Delivery volume on COMEX. The data is clear and more than a coincidence. The variation is often under a few percent in volume. The GLD exchange traded fund has earned a new label, the bullion central bank, assured for easy access by Wall Street banks. They short the GLD shares, then drag out the bars off the ramp overnight. The stupid clueless morons who invest in the GLD fund have to be the dumbest mammals on earth, behind whales and wallabies.
Arbitrage of Shanghai gold contract versus New York gold price: Actually a very intriguing statistic has popped up. Over the last 18 months, the correlation between the GLD gold outflows and the Shanghai gold price premium has reached about 80%. Such figures are not seen outside the scientific laboratories. Corruption does that. The finger is pointed at the Wall Street banks, which appear to be raiding the GLD gold inventory in obvious outright manner. The suspicion is therefore that New York banks are selling gold to China from GLD inventories. They would sell their mothers’ livers.
Volume of USMint and Canadian Mint silver coin sales: The volume exceeds the silver mine output for the two nations by an estimated 25 million ounces for the current year. Therefore, all industrial North American silver demand is in deficit. The demand has seen a quantum jump up since the April market ambush, with no let-up. The USGovt had announced some rationing plans, but they are obligated by law to honor all customer orders. They must be importing the silver.
Growth in Chinese gold imports from Hong Kong: The growth is impressive. Just when the growth more than doubled in the past couple years, doubt rose of its continued path. Yet the growth rate is at 100% annual rate for year 2013. A picture truly is worth 1000 words, and tells the story. The months January through April in 2013 saw a total of 498.0 tons moved through Hong Kong, a 108% increase. The East continues to buy any and all supplies put before them. The greatest transfer of wealth in world history is underway. The West sells fraudulent bonds, while the East purchases Gold.
Huge growth in Indian gold demand: The known Indian gold imports are fast rising, coupled by tremendous cross-border smuggling, despite the central bank obstacles. Almost half the Indian trade deficit is linked to gold imports, in huge volumes. For the two months April and May, the cost of gold import purchases exceeded $15 billion. The single month of May trade saw a deficit for India of INR 1108, equal to US$19 billion. The 2Q2013 gold imports (over 250 tons) will be at least double from last year, despite new rules placed as obstacles. It is said that Indians will continue to buy gold for savings and weddings in spite of legal obstacles, just like Americans would continue to watch football games even if banned.
Advancement of the Eurasian Trade Zone: The organization and construction of the trade zone is led by Russia and China. It is being fortified by vast energy pipeline buildout. The flow of funds from the energy pipelines to China is being paid in the form of USTBonds to Russia. From there, the funds flow to London banks as part of the Rosneft buyout of the British Petroleum stake in Russian energy firms. Think return of USTBonds to sender, stuffing them down their throats. When Central Europe joins the trade zone, it is game over. Already, a network of heavy rail facilities runs from Russia to Germany. Few have noticed. The United States will be increasingly isolated.
Chinese Yuan Swap Facility proliferation: The developments started slowly back in 2007, with Brazil signing on. But in the last couple years, add Japan, Australia, Russia, and many more nations. The facility is being installed in England, with applications from France. The whopper lately is the Euro Central Bank requesting a $130 billion Yuan Swap line for facilitation of trade among the major banks. One must wonder if European leaders will soon turn their backs on the United States for bank leadership, foregoing the USDollar Swap for the Yuan Swap. The Jackass viewpoint is that the Swap Line is a precursor to a fully convertible Yuan currency and the open capital account. Then comes wide trade in Chinese Govt Bonds, which will replace USTreasury Bonds. Then comes the Gold-backed Yuan currency, which might be the temporary denomination of the Gold Trade Note, used in bilateral trade settlement in gold. Presto, a path to the new Gold Trade Standard!
The G-20 Meetings are defiant against the USDollar: They are led by the two superpowers Russia and China. The nuts & bolts of Gold Trade Settlement were to be worked on in Turkey during the June G-20 Meeting, but it was hi-jacked and interfered with by a gate crasher delegation from the panicky G-7 finance ministers. The September G-20 in Moscow will not permit any interference or uninvited guests. Barging in on Ankara is much easier than on Moscow. The agenda for three months among G-20 nations has been to put on fast track the development of the trade settlement alternative outside the USDollar sphere. It requires many important platforms for implementation. The day is near, and only awaits the collapse of the Western banking and currency system that rests atop the toxic bond foundation.
Turkey emerges as primary gold intermediary bank: The entire Iran sanction story has resulted in vast workarounds. One of the most important is the rise of Turkey as a gold bank intermediary. Two parties want to settle on trade, for crude oil or metal ore or foodstuffs or cars or home electronics. They wish to settle on a net basis outside the typical USDollar framework. Turkey provides the necessary gold bullion to settle the trade transactions. They are working toward facilitation of Gold Trade Settlement.
BRICS Development Fund described in disguise: It poses as fund for infrastructure, but really will become the processing plant for converting USTreasury Bonds into Gold bullion for the emerging nations, in possession of outsized reserves in toxic FOREX paper. The common story told is to fund a railroad in Tanzania, indeed a true story but totally misdirected emphasis. Their Emergency Fund is already funded by $200 billion. Next the Development Fund will be filled, like a giant war chest. It might have a few $billion spent on connecting railroads or highways in designated African locations. But its real purpose, according to my source close to its design, is to process toxic USTBonds and direct the purchase of Gold bullion. The fund in time will serve as the Gold Trade Central Bank, and will issue Gold Trade Notes in replacement of the Letters of Credit based in crumbling fiat paper currencies.
Allocated Gold Account frauds: The Jackass must boast as being the first analyst back in 2011 to openly mention the revealed frauds of thousands of tons of improperly used, leased, and confiscated gold accounts under contracted storage. Thanks to The Voice, my source of the tip. The center of the fraud is Switzerland. The initial hint of pervasive fraud came with the Venezuelan demand for return of gold held in London. The previous demand by Mexico was completely suffocated and dissolved in a mass of convoluted paper. When Germany joined the demand for repatriation of allocated gold on account, the firestorm reached a critical temperature. The New York Fed rebuffed German Parliament officials at the door, when they wished to inspect their gold on account. A required Mali War ensued to replace the missing gold bullion and to raid the West African nation, where Islamic terrorists have been conveniently sighted by PsyOps staff members. The Swiss bullion banks receive fresh exposures on a monthly basis for Allocated Gold Account improprieties, often from Egon von Greyez, the brave gold war veteran, the defender of true wealth, the caped crusader of gold. The wealthy of Europe have begun an insurrection against bullion bankers, seeking redemption of their gold held on account. The gold is largely gone. Heads will roll.
Death of King Abdullah and sunset of Petro-Dollar: Someday will be revealed the death of Abdullah, which many expert analysts (not the State Dept clowns or Wall Street harlots) expect will result in the fall of the House of Saud. Accompanying his death will be the demise of the Petro-Dollar, which has served as the critical foundation for the USDollar for 40 years. Actually, a new energy cartel is forming. It is the current powerful new force emerging as the Natural Gas Coop, with key players Gazprom of Russia, Qatar and Iran in the Persian Gulf (strange bedfellows), Turkmenistan, and Israel.
Growing Eastern energy pipelines: Called Pipeline-STAN by some analysts like Pepe Escobar, an excellent analyst whose work appears on Asia Times, featured on the Hat Trick Letter. A key pipeline through Syria is called the Shiite Pipeline by the Jackass. The big new pipeline with conflict and controversy is the Iran-Pakistan pipeline. The USGovt is trying to play the same losing game, by banning banks that cooperate with its funded construction. But China has entered the fray, guaranteeing its full funding. Pakistan is no longer friendly to the United States, not after thousands of civilian deaths by USMilitary drones. Russia is the chief architect of energy pipelines, for natural gas, for crude oil. They will supply Europe and Britain, and thus turn the alliances of Europe eastward toward Russia. The United States will be increasingly isolated.
Movement by Israel away from the US fold: The tiny nation is fast entering into a Russian alliance, starting with the Tamor floating as platform, extending into hidden deals with Putin of Russia. The Tamor natural gas output is under contract to Gazprom, a giant surplus assuring significant capital inflow to their economy. Also, a notable number of Israeli immigrants are of Russian descent, estimated between 25% and 40%, maybe higher. The nation might sound like a US partner in the Syria battles, but not so, not really.
Fast rising long-term USTreasury Bond yields: Rising loan rates will certain torpedo the US housing market. The market is being upheld (held up) by the Wall Street banks and their devoted private equity funds, which together are gobbling up large packages of REO bank property tranches, otherwise known as foreclosed homes. For several months, if not a couple years, the US housing market prices have excluded the off-market bank sales to unload inventory out the bank back doors. The home price data is more corrupted than the price inflation data or the Wall Street bank profit statements or the official gold accounting by the USGovt. As much as the housing market is vulnerable to rising rates, the bank derivatives such as the infamous Interest Rate Swap contracts lie in the danger zone. They react very badly, with $trillion losses, whenever the long-term rates move just a moderate amount. Between August 2012 and April 2013, the 10-year USTreasury yield had been fluctuating from 1.6% to 2.0% in firmly controlled fashion. However, since May all hell has broken loose. This week, the reported TNX yield has zipped to 2.7% and come back to 2.55% in highly dangerous fashion. Expect major losses in IRSwaps very soon.
Official gold holdings by Russia & China: The word is slowly getting out. China owns well over 10,000 tons of gold bullion in reserves. They have been accumulating at a feverish pace since the 2008 Lehman bust. Actually they have been accumulating probably since they were refused the return of the Mao Tse-Tung era gold from the 1999 lease by Wall Street. The Manhattan crew reneged on the deal, letting it be known in 2007. The Chinese earned the Most Favored Nation status before the millennium change by leasing out a large block of gold reserves. The US betrayed them on the deal, to be sure standard fare for the American Nazis. The Beijing leaders decided five years ago to pursue Gold, and overturn the United States with their armada of paper mache craftsmen and bankers dedicated to espionage and hegemony. As footnote, my source informs that under the Kremlin lies perhaps 20,000 tons of gold in reserves. They have gold as old as the Vatican. The Eastern Orthodox has a large contingency in Moscow. The Russia & China tagteam are fed up with the Anglo-American monetary wars. Power is moving eastward with the gold. A new chapter cometh.
Bernanke Live Stress Test: The hack economist, whose PhD thesis has been proved false by the Bernanke Fed itself and the endless QE to Infinity, really needs a new nickname. Helicopter Ben no longer fits, since his helicopter has been dedicated within Wall Street walls, surely not to Main Street businesses or US households. How about Big Ben of the Matrix? Or Ben the Wrecking Ball? The Jackass has been firm since summer 2009 that the USFed would not escape the 0% bound on interest rates, that the USFed would slip into QE on a permanent basis, that the USFed would be stuck with ZIRP and QE forever, that the USFed would cause a global financial collapse if they tried to hike rates and return to a normal monetary policy. The Live Stress Test conducted in May and June proved by point. Next comes the derivative accidents, the beaching of the next London Whale, the arrival of more spectacular JPMorguen derivative losses, the contagion caused by a Deutsche Bank that drops dead.
Tide turning against US leadership: The seminal defeat occurred in the wake of the Lehman Brothers failure, the New York bank insolvency, the FASB accounting fraud blessing, and the major blemish to the USFed since the breakdown occurred on their watch. Last month, the British high court ruled against the London bankers to remove sanctions against Bank Mellat, the largest private Iranian bank. Next come damage claims by the bank. The momentum has shifted. Even the onerous FACTA regulations on bank account disclosure ordered by the USGovt have been repealed.
Egypt coup d’etat is a global game changer: The Cairo leadership folded, new military power imposed, in response to rising food prices, not reported properly. Very little in political factors were at play. The ugly side effect of three years in printing money by the USFed has been to lift the entire global cost structure. The softest flank is Arab food prices. The Arabs are infamous for spending a whopping 80% of income on food. Without energy reserves, they appear to have nil skill in developing an economy without a USMilitary base on the scene. Natives in the US had been spending 15% on food until a few years ago, by comparison. The US will catch up to the Third World ratio, as it enters the Third World. The Arab Spring is not about politics, as much as rising food prices, the principal cause of revolution over the centuries. The photo from Tahrir Square in Cairo Egypt shows masses. They are very unhappy, especially with USGovt policies, both on monetary policy and on support of insurrections.
All the above dire signals paint a picture of a collapsing financial system, of major Western banks folding like the house of cards they are, of a global revolt against the USDollar, of an unsustainable system. The events will finally result in a release of Gold from a corrupt stranglehold. The beneficiary will be the Gold & Silver prices. A grand reset is in progress.
The paper wealth of the Western world is undergoing a disappearing act. The Paradigm Shift has been in progress for the last four to five years. The banking system will be restored only by return of Gold as money, with Gold placed at the center of the global financial system. Unfortunately for Western interests, the movement led by Russia and China for a trade zone and gold trade settlement will trump the Western gamers.
The Eastern solution overturns the entire system with center in the New York and London crime syndicates, holed up in big bank fortresses. The Eastern solution avoids the USDollar and the entire FOREX system. It will be built upon gold trade settlement, will issue Gold Trade Notes to function like Letters of Credit, will operate as peer to peer instead of passing through the monolith banks, and will be conducted on portable devices like Smartphones and Blackberrys.
The USGovt might next ban the usage of portable telephone devices with internet capability, and deem them as terrorist tools of mass destruction. The truth of the matter is that the USDollar and its obverse USTreasury Bond are the greatest devices of mass financial destruction in the modern history of mankind. Departing from the Gold Standard in 1971 will prove to be the root cause of a global collapse. The destruction to the US system was assured by repeal of the Glass-Steagall Act. The solution to the bank collapse is the Gold Standard, which will arrive through the trade channels, not the big dead corrupt insolvent banks, and not through the corrupted FOREX tables with links to every type of fraudulent tether imaginable. Watch for the birth of the Gold Trade Standard, as history is to be made.
C. Shortages Are Going to Drive People Out of Their Minds: “That’s When the Riots Will Start”
8 Aug 2013, SHTFplan.com, by MacSlavo
Pasted from: http://www.shtfplan.com/headline-news/shortages-are-going-to-drive-people-out-of-their-minds-thats-when-the-riots-will-start_08082013
When will the breakdown of the system begin?
If you’ve been paying attention, then you’ll likely agree with contrarian economist Jim Willie. The breakdown is happening right here and now – it’s already in progress.
Most Americans haven’t realized it just yet, but everything including our economic, financial, monetary and political systems are in full meltdown mode. It was so bad in 2008, in fact, that Congressional members were warned that if they failed to stabilize the financial system there would be tanks in the streets.
With nearly 50 million Americans on food stamps, more than half of all able-bodied adults out of work, prices for essential goods progressively inflating, consumer spending collapsing, and the government taking on unprecedented levels of debt, the fact of the matter is that nothing has been resolved. It’s only gotten worse.
Jim Willie warns that, while a collapse is already in the works, Americans have no clue how serious it really is.
They’ll know soon enough.
In my view we had a systemic breakdown in 2007.
Then we had a visible breakdown in 2008… Then we had a further breakdown in 2010 when Europe started to fracture. Then we got more breakdown in 2011 when QE was announced. Now we have further breakdown in 2013 with the gold market ambushes.
So, to say “When is the breakdown going to happen,” I usually have a sassy response to my clients: Where have you been? It’s in progress.
We’re leading up to a big event.
We are having breakdowns in numerous structural elements of the financial system.
They’re all breaking down.
We don’t know what the actual trigger is going to be. I’m pointing to Deutsche Bank. I think Deutsche Bank is possibly going to be the one big bank they cannot control and that’s where you’re going to get the big break down with contagion hitting numerous western banks and hitting numerous important markets like sovereign bonds.
So we’re leading to a climax. We’re getting a chain reaction of breakdown events. They’re in progress.
The ‘taper talk’ was a stress test to find out what in the world would break down, and the answer was everything!”
In the United States, we are going to have shortages across the board, and that includes gold and silver.
Just think food and gasoline.
That’s when the riots will start.
You are going to see out of control chaos and the government stepping in to restore order
. . .
Shortages and price inflation are going to drive people out of their minds.
Via Steve Quayle
Watch the YouTube video: “Dr. Jim Willie: Out of Control Chaos Coming with Shortages of Gold” at:
The American people, and the people of most western nations, have been living a life of relative peace and prosperity for the last several decades.
The majority have no idea how all of it has been made possible.
The almost unimaginable levels of debt and leverage that have been keeping the system afloat will, however, soon be revealed for the Ponzi scheme they really are.
And when it all comes crashing down millions of unsuspecting myrmidons [minions] will be totally blind sided.
They will have failed to prepare for a paradigm shift not seen since the early to mid 20th century, when economic instability and wars ravaged the entire globe, leaving tens of millions of people dead.
As Jim Willie and Greg Hunter note, the big event is coming.
Now is the time to stockpile those items that will be unavailable at almost any price when the severity of the collapse becomes apparent to everyone. Food to keep you alive for extended periods. Essential supplies that you can barter. Gold and silver as a mechanism of exchange. Weapons and ammo to defend what’s yours.
We may not be able to predict what will happen or how widespread it will be, but having a well developed preparedness plan will, at the very least, give you a fighting chance at survival.
This is what it looks like when Americans rush for cheap TV’s, phones and video game systems on Black Friday – can you imagine what the scene will be when they’re fighting for food and clothing?