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Brandon Smith: “Next Phase of Collapse Will Include the End of the Dollar as We Know It”

Brandon Smith
June 28th, 2017
Alt-Market.com
Comments (75)
Read by 11,128 people

This article was originally published by Brandon Smith of Alt-Market.com.

money-bomb

The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious

I have written on the subject of the Federal Reserve’s deliberate sabotage of the U.S. economy many times in the past. In fact, I even once referred to the Fed as an “economic suicide bomber.” I still believe the label fits perfectly, and the Fed’s recent actions I think directly confirm my accusations.

Back in 2015, when I predicted that the central bankers would shift gears dramatically into a program of consistent interest rate hikes and that they would begin cutting off stimulus to the U.S. financial sector and more specifically stock markets, almost no one wanted to hear it. The crowd-think at that time was that the Fed would inevitably move to negative interest rates, and that raising rates was simply “impossible.”

Many analysts, even in the liberty movement, quickly adopted this theory without question. Why? Because of a core assumption that is simply false; the assumption that the Federal Reserve’s goal is to maintain the U.S. economy at all costs or at least maintain the illusion that the economy is stable. They assume that the U.S. economy is indispensable to the globalists and that the U.S. dollar is an unassailable tool in their arsenal. Therefore, the Fed would never deliberately undermine the American fiscal structure because without it “they lose their golden goose.”

This is, of course, foolish nonsense.

Since its initial inception from 1913-1916, the Federal Reserve has been responsible for the loss of 98% of the dollar’s buying power. Idiot analysts in the mainstream argue that this statistic is not as bad as it seems because “people have been collecting interest” on their cash while the dollar’s value has been dropping, and this somehow negates or outweighs any losses in purchasing power. These guys are so dumb they don’t even realize the underlying black hole in their own argument.

IF someone put their savings into an account or into treasury bonds and earned interest from the moment the Fed began quickly undermining dollar value way back in 1959, then yes, they MIGHT have offset the loss by collecting interest. However, this argument, insanely, forgets to take into account the many millions of people who were born long after the Fed began its devaluation program. What about the “savers” born in 1980, or 1990? They didn’t have the opportunity to collect interest to offset the losses already created by the Fed. They were born into an economy where saving is inherently more difficult because a person must work much harder to save the same amount of capital that their parents saved, not to mention purchase the same items their parents enjoyed, such as a home or a car.

Over the decades, the Fed has made it nearly impossible for households with one wage earner to support a family. Today, men and women who should be in the prime of their careers and starting families are for the first time in 130 years more likely to be living at home with their parents than any other living arrangement.

People are more likely to be living with their parents now than back during time periods in which young people actually wanted to stay close to their parents to take care of them. That is to say, most young people are stuck at home because they can’t afford to do anything else, not because they necessarily want to be there.

This is almost entirely a symptom of central bank devaluation of the currency and its purchasing potential. The degradation of the American wage earner since the Fed fiat machine began killing the greenback is clear as day.

The Fed is also responsible for almost every single major economic downturn since it was established. As I have noted in the past, Ben Bernanke openly admitted that the Fed was the root cause of the prolonged economic carnage during the Great Depression on Nov. 8, 2002, in a speech given at “A Conference to Honor Milton Friedman … On the Occasion of His 90th Birthday:”

“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Bernanke is referring in part to the Fed’s program of raising interest rates into an economic downturn, exacerbating the situation in the early 1930’s and making the system highly unstable. He lies and says the Fed “won’t do it again;” they are doing it RIGHT NOW.

The Fed was the core instigator behind the credit and derivatives bubble that led to the crash in 2008, a crash that has caused depression-like conditions in America that we are still to this day dealing with. Through artificially low interest rates and in partnership with sectors of government, poor lending standards were highly incentivised and a massive debt trap was created. Former Fed chairman Alan Greenspan publicly admitted in an interview that the central bank KNEW an irrational bubble had formed, but claims they assumed the negative factors would “wash out.”

Yet again, a Fed chairman admits that they either knew about or caused a major financial crisis. So we are left two possible conclusions — they were too stupid to speak up and intervene, or, they wanted these disasters to occur.

Today, we are faced with two more brewing bubble catastrophes engineered by the Fed: The stock market bubble and the dollar/treasury bond bubble.

The stock market bubble is rather obvious and openly admitted at this point. As the former head of the Federal Reserve Dallas branch, Richard Fisher, admitted in an interview with CNBC, the U.S. central bank in particular has made its business the manipulation of the stock market to the upside since 2009:

“What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.

It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.”

Fisher went on to hint at his very reserved view of the impending danger:

“I was warning my colleagues, Don’t go wobbly if we have a 10 to 20 percent correction at some point… Everybody you talk to… has been warning that these markets are heavily priced.” [In reference to interest rate hikes]

The Fed “front-loaded” the incredible bull market rally through various methods, but one of the key tools was the use of near-zero interest rate overnight loans from the central bank, which corporations around the world have been exploiting since the 2008 crash to fund stock buybacks and pump up the value of stock markets. As noted by Edward Swanson, author of a study from Texas A&M on stock buybacks used to offset poor fundamentals:

“We can’t say for sure what would have happened without the repurchase, but it really looks like the stock would have kept going down because of the decline in fundamentals… these repurchases seem to hold up the stock price.”

In the initial TARP audit, an audit that was limited and never again duplicated, it was revealed that corporations had absorbed trillions in overnight loans from the Fed. It was at this time that stock buybacks became the go-to method to artificially prop up equities values.

The problem is, just like they did at the start of the Great Depression, the central bank is once again raising interest rates into a declining economy. This means that all those no-cost loans used by corporations to buy back their own stocks are now going to have a price tag attached. An interest rate of 1% might not seem like much to someone who borrows $1000, but what about for someone who borrows $1 Trillion? Yes, borrowing at ANY interest rate becomes impossible when you need that much capital to prop up your stock. The loans have to be free, otherwise, there will be no loans.

Thus, we have to ask ourselves another question; is the Fed really ignorant enough to NOT know that raising rates will kill stock markets? They openly admit that they knew what they were doing when they inflated stock markets, so it seems to me that they would know how to deflate stock markets. Therefore, if they deliberately engineered the market rally with low interest rates, it follows that they are deliberately engineering a crash in markets using higher interest rates.

Mainstream economists and investment “experts” appear rather bewildered by the Federal Reserve’s exuberance on rate hikes. Many assumed that Janet Yellen would hint at a pullback from the hike schedule due to the considerable level of negative data on our fiscal structure released over the past six months. Yellen has done the opposite. In fact, Fed officials are now stating that equities and other assets appear to be “overvalued” and that markets have become complacent. This is a major reversal from the central bank’s attitude just two years ago. The fundamental data has always been negative ever since the credit crisis began. So what has really changed?

Well, Donald Trump, the sacrificial scapegoat, is now in the White House, and, central bank stimulus has a shelf life.  They can’t prop up equities for much longer even if they wanted to. The fundamentals will always catch up with the fiat illusion. No nation in history has ever been able to print its way to prosperity or even recovery. The time is now for the Fed to pull the plug and lay blame in the lap of their mortal enemy – conservatives and sovereignty champions. They will ignore all financial reality and continue to hike. This is a guarantee.

In the Liberty Movement the major misconception is that the Fed is attempting to “catch up” to the next crash by raising interest rates so that they will be ready to stimulate again. There is no catching up to this situation. The Fed has no interest in saving stock markets or the economy. Again, the fed has raised rates before into fiscal decline (during the Great Depression), and the result was a prolonged crisis. They know exactly what they are doing.

What does the Fed gain from this sabotage? Total centralization. For example, before the Great Depression there used to be thousands of smaller private and localized banks in America. After the Great Depression most of those banks were either destroyed or absorbed by elite banking conglomerates. Banking in the U.S. immediately became a fully centralized monopoly by the majors. In a decade, they were able to remove all local competition and redundancy, making communities utterly beholden to their credit system.

The 2008 crash allowed the banking elites to introduce vast stimulus measures requiring unaccountable fiat money creation. Rather than saving America from crisis, they have expanded the crisis to the point that it will soon threaten the world reserve status of our currency. The Fed in particular has set the U.S. up not just for a financial depression, but for a full spectrum calamity which will include a considerable devaluation (yet again) of our currency’s value and resulting in extreme price inflation in necessities.

The next phase of this collapse will include the end of the dollar as we know it, making way for a new global currency system that uses the IMF’s SDR basket as a foundation. This plan is openly admitted in the elitist run magazine ‘The Economist’ in an article entitled “Get Ready For A Global Currency By 2018.

It is important to understand what the Fed actually is — the Fed is a weapon. It is a weapon used by globalists to destroy the American system at a given point in time in order to clear the way for a new single world economy controlled by a single managerial entity (most likely the IMF or BIS). This is the Fed’s purpose. The central bank is not here to save the U.S. from harm, it is here to make sure the U.S. falls in a particular manner — a controlled demolition of our fiscal structure.

After 8 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it’s critical to act now! That’s why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.

If you would like to support the publishing of articles like the one you have just read, visit our donations page here. We greatly appreciate your patronage.

You can contact Brandon Smith at: brandon@alt-market.com

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Author: Brandon Smith
Views: Read by 11,128 people
Date: June 28th, 2017
Website: http://alt-market.com/articles/3221-the-federal-reserve-is-a-saboteur-and-the-qexpertsq-are-oblivious

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75 Comments...

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  1. Old Guy says:

    Rerun of old stale Doom Porn.

    • TEST says:

      People said that right up to Oct., 1929; or all during the WWII “Sitzkrieg.” You are right Old Guy… until you aren’t. And then it is too late.

      Yours is the usual complaint about this site – doomer porn. But the fact is, is that this site is really to be taken as an early warning site of *possible* issues. I, for, one, don’t think that on Oct. 25, 2017 at 10:26 ET a.) Yellowstone will blow up; b.) Cascadia and New Madrid faults will go off; c.) there will be a EMP AND a CME at the same time; d.) the stock market will collapse and e.) El Viejo in the Canaries will generate a giant tsunami, and f. what the heck, let’s throw in Niburu (last seen hiding under my bed) as well.

      I appreciate this site for just keeping us informed, as well as a place to get reasonable news outside of the fascist left, co-opted, lying lamestream media. Read this site under advisement, and with common sense, knowing that no one has a crystal ball, and that there will always be black swans.

      On that note, what of when organized crime joins up with the terrorists? Will it happen? Don’t know. But one informative article FYI here: https://townhall.com/columnists/austinbay/2017/06/28/when-organized-crime-connects-to-international-terror-n2347558?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad= Austin Bay is well credentialed, so I read him whenever I can.

    • Duke6 says:

      Doom porn? Stick your head back in the sand !

    • durangokidd says:

      “They assume that the U.S. economy is indispensable to the globalists and that the U.S. dollar is an unassailable tool in their arsenal.”

      They, whoever “they” are, assumed correctly.

      KING DOLLAR is the currency of the New World Order. These FRN’s ARE the One World Currency. And the NWO holds the vast majority of their assets in dollars.

      In a world of midgets even a dwarf can be king. The dollar is the NWO currency of choice, by choice, and by default. No other currency is backed by the Most Powerful Military in the world; the largest economy in the world; and by the 147 interlocked multinationals which control 60% of WGDP.
      No other currency can challenge the dollar despite all of the rantings of Jim Willie and Brandon Smith.

      Yes the FED is a “weapon”. And the dollar is the weapon of choice by the NWO FED to control the world. Many here were singing the praises of the BRICS just a few short years ago. I told you at that time the FED would CRUSH the BRIC’s for their rebellion. One only need look at the economic and political situation in these countries to see evidence of that CRUSH.

      The FED could bring down China tomorrow if it so desired.

      The FED and the DOLLAR can only be replaced by nuclear war, CME/EMP, or Yellowstone blowing. Stash ten dollar bills in number ten cans. You will be glad you did.

      There is a REASON that Warren Buffett, other major investors, institutions, pension funds, and nations are holding a vast amount of dollars in their portfolio.

      So should you. 🙂

      • durangokidd says:

        “I told you at that time the FED would CRUSH the BRIC’s for their rebellion.”

        Uh, yeah, it’s in the archives. 🙂

        • David Utah says:

          Durangokidd is so full of shit it’s stinking up this website. He has never been able to prove his claims that he has ever been right about anything. He always says “check the archives”. What archives? Ask him to provide links and he’ll provide nothing. Ignore this fraud, he knows nothing.

  2. Houston/Cypress/Katy/Shtf says:

    CHINA JUST ATTACKED INDIA WITH ITS MILITARY

    http://www.thecommonsenseshow.com/2017/06/27/breaking-news-china-attacks-india-the-implications-are-staggering/

    I get asked this question all the time about when the chi-coms are coming into Texas. First the fuckers EMP’D THE DESTROYER, RAMED IT, AND KILLED 7 SAILORS, THEN THE STORY WAS COVERED UP. Now this just happened. Keep making fun of me, when the chi-coms invade from Mexico, and start dropping misscles in our cities, it wont be too funny anymore. The good news is that in the secret war game that I heard about, Texas won that invasion war. China takes mass casualties from the Texas population, and pulls back up north, the east and west of Texas.

    3,000,000,000 rounds, 15,000 AR 15’s purchases from 2013-2017. Good luck China. And its get even funnier, most of the captains, and military that Obama fired off, since I have met marines who know some of them, they are all pissed off and literally said, that if troops come in, they are going to fight with the people. Now the sons of bitches just invaded indian territory, attacked and killed soldiers. Please china, just come across into Texas, and try that same shit that you did in india and see what happens. WE FUCKING DARE YOU TO TRY THAT HERE.

    HCKS.

    Texas is not a city of state to fuck with. Don’t mess with Texas.

    • Gandhi says:

      The chi-com is buying amerika, no war needed just corrupt government.

    • Justice says:

      Thanks for the link, it was an interesting read. I will keep an eye out for any additional reports concerning this event.

    • CrackSummSkulls says:

      OK So here we go. Hcks just said this: Keep making fun of me, when the chi-coms invade from Mexico, and start dropping misscles in our cities, it wont be too funny anymore. The good news is that in the secret war game that I heard about, Texas won that invasion war.

      So all these months you been peeing your panties about the Chicomms were invading from Mexico to Take over Houston, was just a video war game? LOL You are off your rocker.

      Glad you finally admitted it was all a hoax you invented. Fake Posting BS.

      • Sierra Dave says:

        It would be insane to invade America during a collapse. It will only cause us Americans to unite and work together against a common foe.

        Logically, at the very least. Wait til the population is massively reduced before you roll in.

        • Sierra Dave says:

          And I back up my argument with logic. If China DID invade. They’d be attacked for the food they brought to feed their own troops.

        • durangokidd says:

          It is IRRATIONAL for anyone to believe that China would invade the United States, or even attack it. Only a half wit would think so.

          The logistics alone defy the Chinese capability to invade. Second, who would buy Chinese production? They NEED American consumers, such as they are (broke) to support their economy or face MASSIVE layoffs that could trigger revolution within China.

          Third, as designed by the PTB and bolstered by the US presence in Southeast Asia, the path of least resistance to Chinese power is West not East across 9,000 miles of ocean. It is there in Central Asia and Siberia that China will find vast natural resources and the water they need to supply their economy and their population.

          The 147 multinationals that control 60% of WGDP will follow the Red Army as it cuts a swath across Central Asia, and profit from Chinese dominance in that region.

          Follow the money, My Peeps !!! 🙂

    • john stiner says:

      Hopefully they will bomb the call center that keeps calling me trying to sell me crap.

    • durangokidd says:

      China has been modernizing and upgrading its military for two decades. They need a war to give their troops and commanders real world training. I have mentioned this before.

      Yeah, its in the archives. 🙂

  3. TEST says:

    Addendum: The sad thing is that all this bankster garbage has turned ALL of us into hedge fund managers and gamblers – we really have no other choice. Can’t live on 1% interest rates, or with ZIRP. That is the sad, ugly thing about what the banksters have done, and is truly evil.

  4. Gandhi says:

    Oh boy! We are in trouble now🤡

    • PO'd Patriot says:

      When the dollars takes a shit I’m not worried about it. I hold some dollars but nothing that’ll hurt me. The PM’s will kick in along with physical goods that people will need. Whether electricity will still be up is an unknown and will make others even more desperate. You’ll definitely need ammo and firearms not only to barter with but to keep what you are providing to others in trade or PM’s. The thing is it’ll probably(crash) develop in stages.

      • john stiner says:

        The dollar is the strongest currency in the world. If it takes a crap, the whole world will be in deep doo doo.

        • durangokidd says:

          The dollar and the yuan WILL eventually be rebalanced as China becomes an even more consolidated consumer economy with its population buying from the rest of the world; including US.

          The dollar will decline against the yuan allowing American products to become more competitive. TRUMP will insist upon it. It’s IRRATIONAL in an energy dependent world for machinery manufactured in China and shipped to the East Coast of the USA, to be cheaper than that same machinery manufactured here in the Heartland. IE CAT

          When the whole “world takes a crap” the world will rush to the dollar as it always does. It’s NOT different this time; but dollar amounts in the CRASH will be higher than last time and those with CASH will make more money than ever buying real assets for pennies on the dollar …..

          Like they ALWAYS do. 🙁

  5. TEST says:

    I wonder if we will be like what Jesus says in Matthew 12, given that in the US and the West, we have also discarded the light:

    “The men of Nineveh shall stand up with this generation at the judgment, and shall condemn it because they repented at the preaching of Jonah; and behold, something greater than Jonah is here. The Queen of the South shall rise up with this generation at the judgment and shall condemn it, because she came from the ends of the earth to hear the wisdom of Solomon; and behold, something greater than Solomon is here.”

    Similarly, where Jesus says, re. travails to come, “All these things shall come upon this generation.” Ellicott notes the words carry on the thought of the measure that is gradually being filled up. Men make the guilt of past ages their own, reproduce its atrocities, identify themselves with it; and so, what seems at first an arbitrary decree, visiting on the children the sins of the fathers, becomes in such cases a righteous judgment. If they repent, they cut off the terrible entail of sin and punishment; but if they harden themselves in their evil, they inherit the delayed punishment of their father’s sins as well as of their own.

    I understand there are a lot of zealous atheists on this site; no need to comment, as we already get it, and that is certainly your choice. But for the rest of you, just something to possibly reflect on.

    • Rachael the Rabbi says:

      Yes, this is the generation to see Jesus’ second coming. Jerusalem is under attack. News should break tomorrow.

    • deplorable infidel says:

      It doesn’t matter if we leave this earth by natural disaster or man-made calamity. If we’ve been saved by God’s grace through the sacrifice of Jesus Christ, we still go straight to Heaven. Satan doesn’t have the keys to heaven and hell anymore, Jesus does and we’re not going anywhere until HE says so. When God allows something to happen it is because His hand of protection has been removed from a nation because theres been no repentance. It’s never for the harm of people, only as a very last effort to awaken people because He is not willing that any should perish.

  6. CrackSummSkulls says:

    Some out there are predicting August 17th 2017, the SHTF Crash will happen.

    The Collapse Is Confirmed! Signs Of The Imminent Economic Collapse 2017 Stock Market CRASH!

    • TEST says:

      Well, CSS, at least you have provided a point of falsification, which is always a good thing.

      • john stiner says:

        The swiss bank owns more stocks in Facebook that Zuckerberg?

        That is F*cked up.

        When the 1929 stock market crash happened a large contributor to the problem was radio stations that were WAY overvalued.

        The were worth an incredible amount of money, but had no hard assets.

        When it came time to liquidate the radio stations there was nothing to sell off, unlike a factory that has equipment and property.

        The same thing is happening to these internet stocks. Worth lots, but have no hard assets to back the valuation.

        • durangokidd says:

          Their “hard assets” are your personal browsing and purchasing data. Those companies that need your demographic data to find customers for their products to stay afloat will pay for it ….

          in hard cash !!! 🙂

    • Gandhi says:

      Don’t worry, the govt will take care of everyone

    • TEST says:

      OK, I hear two things: Trump is a tool of the elite, and Trump is hated by the elite so much that they will crash the system to get rid of him.

      Fine. Which is it? Let’s utilize the law of non-contradiction (A cannont be non-A at the same time, and same manner) here, can we?

      • Kevin2 says:

        Trump is both a tool because of his naive ignorance and yet hated because they need to deceive him to get him to do what they want. Hillary on the other hand was 100% on board with the globalist program.

      • john stiner says:

        I thought Trump was a tool of the Russians…..when did he become a tool of the elite?

        WTF, why hasn’t CNN reported on this?????

    • Bruce says:

      Hey that’s my birthday. That would be a great surprise, but at this point I think predictions are pointless. When you print the money and control the rules of the game along with having full control over the entire world, then you choose when it falls. All you can predict is that eventually, mathematically, it will fall.

      • Justice says:

        Bruce, you are right that it’s impossible to predict when this rigged game will end; it will end when “THEY” want it too.

        History shows that all PONZI schemes end and it looks like we are close to the end of this one. ALL entities have taken on maximum debt. I just don’t see how they can blow a bigger bubble?

        It is possible that they are able and willing to have a smooth transition from one system to another. This means we would probably have a 10 year period of economic transition. Kind of like Russia when the Soviet Union collapsed. That is the best case scenario!

        However, it looks like China and Russia are not going along with the proposed new system. If they don’t go along, it of course means WWIII.

        • john stiner says:

          I just don’t see how they can blow a bigger bubble?

          Print more money, that’s how.

          Ponzi schemes only fail when the money going out exceeds the money coming in. But if you can print more money, then the scheme will never end.

    • The Deplorable Braveheart says:

      When did Michael Snyder start making videos? Oh well, back to sleep.

  7. How evil is the Federal Reserve System; let me count the ways.

    Kill The Fed !!!

    Kill The Fed !!!

    kill The Fed. !!!

    Kill, kill, kill…

    KILL

    kILL

    KILL

    _

  8. Gonetoolong says:

    When they would not raise rates, people bitched that savers were getting killed. Now that they do, people bitch that they will tank the economy. Somebody will get hurt either way. The timing of things is what bothers me. Don’t raise on Obama. Do raise on Trump. They painted themselves into a corner years ago. At some point we will have to pay the piper. No surprises here.

    • Kevin2 says:

      Their ability to create money and raise / lower rates is the problem as money isn’t a function of supply / demand envisioned by our Founding Fathers. The supply / demand value of money fixed in value is self correcting. What we have is instability created by repeated attempts to stabilize. I think of it as creating a wave to counter and incoming wave resulting in a greater wave resulting in the creation of an even greater wave to counter it.

      Couple the above with the evisceration of wealth creation via the exportation of manufacturing and you have a false economy dependent upon force to maintain it. All of it is predicated upon the continuance and expansion of the USD as the worlds reserve currency. This is largely related to the oil peg which recent technological advancements of oil/gas recovery is jeopardizing. You can’t force nations to use the USD in purchase if it has its own oil. Likewise the exporters lose market share and with it USD exchange.

      The house built from deck of cards is meeting an increasing wind.

      • john stiner says:

        I think gas prices is a good predictor of what is coming.

        Right now, gas prices are falling. This indicate that demand is low, because supply has been cut by OPEC.

        Traditionally gas prices rise in the summer.

        So why is gas prices falling? Less demand, indicating a failing economy.

  9. TheGuy says:

    Again. The day you have negative interest rates is the day you don’t have a country.

    It’s straight up beyond impossible.

    (From their point of view) do you want a segment of the population rioting or the entire population rioting and rich people expatting?

  10. TheGuy says:

    Idiot analysts in the mainstream argue that this statistic is not as bad as it seems because “people have been collecting interest” on their cash while the dollar’s value has been dropping, and this somehow negates or outweighs any losses in purchasing power. These guys are so dumb they don’t even realize the underlying black hole in their own argument.

    (Based on crunching 100 years of inflation data), this is in fact true if you’re 1. consistently earning north of 3.6% and 2. doing it without any losses whatsoever.

    Also known as basically no risk.

    Now tell me how you do that again?

  11. TheGuy says:

    IF someone put their savings into an account or into treasury bonds and earned interest from the moment the Fed began quickly undermining dollar value way back in 1959, then yes, they MIGHT have offset the loss by collecting interest. However, this argument, insanely, forgets to take into account the many millions of people who were born long after the Fed began its devaluation program. What about the “savers” born in 1980, or 1990? They didn’t have the opportunity to collect interest to offset the losses already created by the Fed. They were born into an economy where saving is inherently more difficult because a person must work much harder to save the same amount of capital that their parents saved, not to mention purchase the same items their parents enjoyed, such as a home or a car.

    Ok, you got me there.

    Can’t argue with that logic.

  12. rellik says:

    “Over the decades, the Fed has made it nearly impossible for households with one wage earner to support a family”. Pure BS!
    Democrat party policies, a cancer that has metastasized through society have caused most our problems.
    I don’t like the Fed, I don’t like manipulated stock, precious metals, and housing markets. The root of all these problems are Democrats and the general moral decay they represent.
    As for the down fall of the dollar as the world’s reserve currency in favor of some amalgam currency, I look at the mess that is the Euro. I don’t know if such a made up currency will attract stability.

    • David Utah says:

      You’re an idiot buying into the false left/right paradigm. The Fed has control over the value of the dollar, they’re to blame for the fall in earning potential. The Republican leadership supported the same policies that killed our economy as the Democrats did. They all work in partnership with the banksters.

    • Kevin2 says:

      rellik

      “Over the decades, the Fed has made it nearly impossible for households with one wage earner to support a family”. Pure BS!

      Not in a vacuum as the Federal Reserve is just one component, abet a VERY great one.

      The great middle class destroyer of wages were the various “Free Trade” agreements that were born out of the neoconservative agenda with GH Bush 41, carried as far as possible by them and signed into law by Bill Clinton. The demise of the financial regulation of Glass-Steagall was another Neo-Conservative agenda that they couldn’t get through so Bill Clinton intercepted it and signed it into law for them. What was once felony illegal for very good reason is now just unethical.

      This isn’t a Republican v Democrat but Populist v Globalist. There are damn few Republican populists and far fewer Democrats.

  13. NewAnubis says:

    TEST has the right attitudex imo. Being receptive to competing ideas based on their merit certainly beats the fragile worldview of most who respond with knee-jerk denial and oftentimes outright hostility.

    Intellectual cowardice is the first sign youve engaged in a dead end conversation.

  14. cranerigger says:

    Central bankers using the FEDERAL RESERVE (which is neither Federal, meaning part of our national government; nor is it a Reserve) have hijacked our monetary system and our wealth. The citizens have failed to pay attention for far too long. The lawyers that run our federal government refuse to enact “TORT REFORM” which is obviously the low-hanging fruit in health reform.

  15. Old Guy says:

    Its doom porn because its manulipated. You cant point to certain things and state this will cause this because of this. Because The whole thing all being controlled and it will crash whenever those in control on purpose crash it.

  16. Kevin2 says:

    This can crash with intent, it can crash by its own unsustainable weight, it can crash with a black swan event. No force of man can keep this going indefinitely. The control of TPTB are omnipotent in scope but not depth. Despite the greatest efforts they can’t turn water into wine.

  17. Archivist says:

    But Janet Yellen said recently that we will not see another banking crisis in our lifetimes.

    Now I’m puzzled.

    Did she mean that it will be a long time, or did she mean that we will be gone soon?

    • Justice says:

      I hadn’t thought of that Archivist. No matter what it won’t be good for us.

      In this modern world, up is down and good is bad. Consequently, the way I take it, it’s now 100% certain we will have the worst economic event in history, within 1 year. I always interpret what they say too as mean the complete opposite of what will happen. It has never failed me.

  18. oops says:

    Get out of and stay out of DEBT! Owe nothing, sign no contracts, stay supplied, stay healthy and stay informed.

  19. Eff Brandon Smith says:

    Brandon Smith loves him some Brandon Smith. Please, all of you in the alt-news sector, PLEASE stop publishing this narcissist’s crap.

    • Brandon has been consistently on target for years. We’ll continue to publish his work, as he is one of the few analysts out there that actually has a handle on what is happening behind the scenes

      • durangokidd says:

        Brandon has real limits Mac, because his education, experience and special expertise is NOT Finance and Economics.

        His inadequacies are readily apparent to those of US that are classically trained in those disciplines with a LIFETIME of real world experience.

        IE This guy believes that SDR’S will be the OWC contrary to every truth the I have posted to refute that possibility. Only an economic MORON could continue to believe that garbage.

        Sadly, he is the Blind leading the Blind.I have no fucking idea why you and Zero Hedge tolerate his rantings and post his drivel; except that he furthers the Alt-Media “Collapse” propaganda to drive sales for survival products.

        His economic analysis is no better than the fake Russian news bullshit pushed by CNN, MSNBC, ABC, and CBS. Brandon is a Patriot. Brandon means well, but his lack of formal training and industry experience undermines his best intentions and misinforms the Sheep.

        Brandon is sincere, but he is ignorant on these matters, and sadly multiplies the disinfo passed to the masses, with just enough truth to seem believable.

        Alt Media must be better than the LSM or it does a disservice to ALL of US. 🙂

  20. Anonymous says:

    If you LIKE your dollar….
    rumour has it nobama like the rainbow version….
    In the east they are dumping their dollar for gold, the real stuff that was and has been for over 5,000 yrs
    and you only have 250+history (thats only 5% of 5000 yrs+)
    and texas?!
    with this kind of mindset and cognition status
    you think you survive whatever that is coming…
    or rather what ‘your friendly gov’ planned for you or to abandon you?
    and 250+ yrs and you mess up the yourself and the world irrecoverable!
    can you be forgiven?

    if you are any realistic, you be out of the country. f* with the patriot myth.
    Every country is but a country club, here today (can be) gone tomorrow.
    Just change of hands – change of master.
    dont think they are asking you for permision…. nor vote.
    but then again no one can fight against their alloted destiny.
    just as you didnt choose to be born on that land hence become USSAer,
    how will you choose your preffered ending? thats destiny.
    hope you wake up from your NAM rambo fantasy before you go back to the harsh reality.
    learn fast & be safe.

  21. jjb0767 says:

    When the government went away from partial gold backed currency. That was mashing down on the gas pedal to the end. No system to keep government in a little bit of a check.

  22. Frank Thoughts says:

    Janet Yellen just did what Bush did when he declared “Mission Accomplished!” Remember that? Flew in and landed on the deck of a flat top wearing a bomber jacket and flight suit. He declared the war in Iraq done and basically claimed the war on terror was won. And it was at that point the war went totally evil and pitched into the chaos and death and destruction we have seen ever since.

    Yellen did what all students do who mark their own test papers: she declares herself having done an excellent job and gives herself an “A”. This is her giving the clue that things will get WAY worse now. Hints are everywhere as to where this is going: in the UK, credit card interest rates are between 30 and 50%. The housing bubbles in Canada and Australia are recording 20 to 30% increases every year. This is nothing but the classic signs of a crack-up boom: a high inflationary melt-up caused by unloading stimulus into the economy. Such events are inherently politically destablizing. And, yup, we have political instability in the UK and the US. For a hyperinflationary episode to occur (which is what the Fed wants) there must be a systemic breakdown. This is why they need the political system to stop functioning, thus we have Trump the Chump and Theresa May the ever-useless prime minister.

    The hyperinflationary episode will be swift and will lead to massive currency devaluation and the cure will be a new global trade currency. But it will take huge numbers of dollars and pounds to buy this global trade currency. And thus the trap will have been set: living standards dropped through the floor, people trapped within the West, and a new ‘slave’ labour force created over night to replace the more expensive Chinese labour force.

  23. Arisand says:

    A lot of this is covered by Jim Rickards in his books.
    Road to ruin being the latest. Also there is this thing called common sense. 20 trillion in debt minimally.
    The math does not work for the USA anymore.

  24. Marty says:

    Durangoskid is definitely a troll for the govt. Pushing cash…my a$$!! EVERYTHING fiat will be gone, used to wipe your butt or light your fires. Stashed valuable supplies and gold and silver will be all that is left for us to survive.

  25. Mike says:

    Everything was supposed to have collapsed last year, year before, year before, year before ect…morons abound

 

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