This article was written by Michael Snyder and originally published at the Economic Collapse blog.
Editor’s Comment: The government deal on the debt ceiling is coming to an end next month, and there is about to be a great deal of noise about it. But while the system is most likely to simply pass the buck around again, things may have finally reached the point where the road cannot be stretched further out ahead. The Federal Reserve system has acknowledged that QE stimulus reached its theoretical limit, and had crippled the economy; it has acknowledged that the law of boom and bust has put us into a double-bind, and that there will be economic pain one way or another.
The experts, critics and Cassandra’s have all screamed about the massively vulnerable system we are all part of, but the biggest question of all is when? Have the debt levels, and monetary schemes simply reached the point of no return? Are they ready to sacrifice public order and stability in order to collect on what is there’s? These things move in century-long cycles, and it is time to assess where we’re at, at what point in history we have reached. Central banking has enslaved us all, and doomed us to the next crisis, and there may be nothing we can do to stop it…
March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue
by Michael Snyder
For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history. Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly at some point. The only real question is when it will happen. Many believe that the current global debt super cycle began when the Federal Reserve was established in 1913. Central banks are designed to create debt, and since 1913 the U.S. national debt has gotten more than 6800 times larger. But of course it is not just the United States that is in this sort of predicament. At this point more than 99 percent of the population of the entire planet lives in a nation that has a debt-creating central bank, and as a result the whole world is drowning in debt.
When people tell me that things are going to “get better” in 2017 and beyond, I find it difficult not to roll my eyes. The truth is that the only way we can even continue to maintain our current ridiculously high debt-fueled standard of living is to grow debt at a much faster pace than the economy is growing. We may be able to do that for a brief period of time, but giant financial bubbles like this always end and we will not be any exception.
Barack Obama and his team understood what was happening, and they were able to keep us out of a horrifying economic depression by stealing more than nine trillion dollars from future generations of Americans and pumping that money into the U.S. economy. As a result, the federal government is now 20 trillion dollars in debt, and that means that the eventual crash is going to be far, far worse than it would have been if we would have lived within our means all this time.
Corporations and households have been going into absolutely enormous amounts of debt as well. Corporate debt has approximately doubled since the last financial crisis, and U.S. consumers are now more than 12 trillion dollars in debt.
When you add all forms of debt together, America’s debt to GDP ratio is now about 352 percent. I think that the following illustration does a pretty good job of showing how absolutely insane that is…
If your brother earns $100,000 in annual income and borrowed $10,000 on his credit card, he could consume $110,000 worth of stuff. In this example, his debt to his personal GDP is just 10%. But what if he could get more credit year after year and reached a point where his total debt reached $352,000 but his income remained the same. His personal debt-to-GDP ratio would now be 352%.
If he could borrow at super low interest rates, maybe he could sustain the monthly loan payments. Maybe? But how much more could he possibly borrow? What lender would lend him more? And what if those low rates began to rise? How much debt can his $100,000 income cover? Essentially, he has reached the end of his own debt cycle.
The United States is certainly not alone in this regard. When you look all over the industrialized world, you see similar triple digit debt to GDP figures.
When this current debt super cycle ultimately ends, it is going to create economic pain on a scale that will be unlike anything that we have ever seen before. The following comes from King World News…
That is the inevitable consequence of 100 years of credit expansion from virtually nothing to $250 trillion, plus global unfunded liabilities of roughly $500 trillion, plus derivatives of $1.5 quadrillion. This is a staggering total of $2.25 quadrillion. Therefore, the question is not what could go wrong since it is guaranteed that all these liabilities will implode at some point. And when they do, it will bring misery to the world of a magnitude that no one could ever imagine.
It is of course very difficult to forecast the end of a major cycle. As this is unlikely to be a mere 100-year cycle but possibly a 2000-year cycle. It is also impossible to forecast how long the decline will take. Will it be gradual like the Dark Ages, which took 500 years after the fall of the Roman Empire? Or will the fall be much faster this time due to the implosion of the biggest credit bubble in world history? The latter is more likely, especially since the bubble will become a lot bigger before it implodes.
And there are certainly lots of signs that a global slowdown is already beginning. For example, global trade growth has fallen below 2 percent for only the third time since the year 2000. On each of the other occasions, we witnessed a horrible recession take place. For more signs that economic conditions are deteriorating, please see my previous article entitled “Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning“.
Of course much of the globe is already in the midst of a horrible economic crisis. Brazil is in the middle of their worst recession ever, and people are literally starving in Venezuela. A new round of debt problems has erupted in Europe, with Greece, Portugal and Italy being the latest flashpoints.
Just like in 2007, many are mocking the idea that the a major economic downturn is coming to the United States. They believe that the ridiculously high stock market valuations of today can stick around indefinitely, and they are putting their faith in politicians.
But it won’t be too long before a new economic crisis begins in America and the kind of civil unrest that I portray in “The Beginning Of The End” erupts all across the country.
I just don’t understand why more people cannot see this. Government debt, corporate debt and consumer debt have all been growing much, much faster than the overall economy. Can someone please explain to me how that could possibly be sustainable in the long-term?
Someone that I considered to be a mentor but that has since passed away once said that things would seem like they would be getting better for a little while before the next crash comes.
And it turned out that he was precisely correct. We are in a season of time when economic conditions have appeared to be getting a little bit better in the United States, and this has blinded so many people to the truth of what is about to happen to us.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
SNYDER AGAIN? Oh well…..at least I can say I’m not drowning in any kind of debt and that’s what helps me to prep faster than a lot of other people. I’ve never been allowed to play the credit game, so what? I’m debt-free so I don’t have the stress of worrying about credit card bills or credit score. My old Honda I bought on craigslist with cash almost a year ago. Sure, I’ve had to put a little more money into it since then, but that’s the way it goes with any kind of old vehicle regardless of the brand. doing without credit is something I’ve always had to live with. I’m living proof a person can do without credit. It’s HARD, but possible. I just won’t let any kind of loan or credit card take away from anything else I do, especially my prepping. Now let’s see how long it takes for Zeus to pop up and tell me how stupid I am for not using credit.
I WAS SITTING AT A RESTAURANT AND THE MOVIE GI JOE WAS PLAYING ON THE TV
THE FILM DEPICTED AN INTERNATIONAL MULTICULTURAL TEAM OF MEN AND WOMEN FIGHTING AN INTERNATIONAL MULTICULTURAL TERRORIST ORGANIZATION.
IN PARTICULAR A BLACK FLYING ACE CHASES THE PUSSY OF A RED HEADED WHITE WOMEN WHO GRADUATED COLLEGE AT THE AGE OF 12
THE FILM SHOWS WOMEN OUT FIGHTING MEN IN HAND TO HAND COMBAT AND WOMEN MAKING THE MOST IMPORTANT STRATEGIC DECISIONS
IF A MOTHER CUNTING FORCE OF ALL STRAIGHT WHITE MEN MET A FORCE COMPRISED OF GAYS, MINORITIES, WOMEN, AND TRANSGENDERS, WHAT THE FUCK WOULD THE MOST LIKELY OUTCOME BE, YOU FUCKING DICKFACED BOOMER IMBECILES????????
YOU STUPID FUCKING BRAINDEAD CUNTS?????????
TRYING TO USE LOGIC WITH A BABY BOOMER
IS LIKE TRYING TO USE SHIT TO WIPE YOUR OWN ASS
“…a mother cunting force..” and you call us stupid, you disgusting piece of shit?! What a gross mind you have.
I DO like the part about women out fighting men in hand in hand combat, though…its intuitive on the part of the film makers! (future scenarios)
I WAS PLAYING DEAD SPACE II
THE DIRECTOR OF A MAJOR INTERSTELLAR CORPORATION
IS BLACK
REALITY CHECK?
Today’s debt clock:
http://www.usdebtclock.org/
But, not to worry, soon that will be the least of everyone’s problems…
Debt or Debt free…
No matter either way… If it does go south… Debt will be the least of your concern… I do know this… At least most of my equipment will be up to par and it’ll then be up to them to find it and take it from me… Again… probably the least of THEIR concern also…
I think the misconception here is that if things go south, you’ll be in a better position to ride it out being debt free… But to what end???
You think things will normalize after a MAJOR crash or apocalyptic breakdown??? Ha… Much better to have grade A shit you owe on that will more than likely outlast these fuks then some wore out honda civic that’ll leave you hangin… Let em eat fish heads. I say buy shit, but smart shit.
Debt or Debt free… No matter.
Monolingual: A person knowing only one language (40% of world population)
Bilingual: A person using or able to use two languages especially with equal fluency (43% of world population)
Trilingual: A person speaking three languages fluently (13% of world population)
Multilingual: A person who speaks more than two languages, but used often for four languages or more (3% of world population speak more than 4 languages)
Polyglot: Someone with a high degree of proficiency in several languages (less than 1‰ of world population speak 5 languages fluently)
Folks, Thats how someone with no credit worthiness to his name, spins the glass half full storyline to make himself feel better. Just like clockwork. Like Snyder who’s predicted the sky is falling for 5 years now. Even a dead clock is right twice a day. What happened to the 2000 odysee you were bugging out in braveguy? The vehicle with the 3 new motormounts you were bragging about? Auto graveyard already?
The Adorable Go Fart keeps on proving, time and time again, that he is a financial illiterate who is living on the edge, where money is concerned.
He’s an hourly paid wage slave whose boss will drop him as soon as things get rough in the private security industry. Then Go Fart will be claiming government assistance because he has no savings from his minimum wage job.
Some time ago a credit card I have, offered me an interest free loan for 9 months! I didn’t need the money but took it all the same and stuck it in a bank account paying me 2% interest. OK, after that I only earned a few bucks interest but I paid the loan off and had something for nothing. Money is a game. Learn the rules. Stop whining.
Anyway, that loan wasn’t high finance just common sense. If someone like Adorable (who, at times, I must admit, sounds borderline sane) can’t work that out it just goes to prove how stupid most Muricans are. They deserve to be chewed up and spat out.
It’s hilarious that anyone re-blogs Snyder’s ever-breathless prophesies. The guy has been so consistently wrong about Shemitah and all the rest of his prophesies, you have to wonder about the sites that still promote him.
DBH,
On the contrary you are very smart. I also have low credit incredibly because I pay cash on all bills and never carry cc debt. All of the financial advisors tell me how this screws up my cc score. I tell them screw You !
Keep posting DBH I’m learning. — the real SOL – steve from houston not the POS imposter who has been cuckingly opining as of late using sol handle.
Also you know it’s me when I keep recommending shtfplan readers to also view the. Daily. Stormer. Good source of info of like minded peepers.
Btw. I hate
N
I
G
G
E
R
S
SOL/Steve, thanks for that. I’m glad to hear someone is learning from my experience. The last time I filled out a credit application for anything was 2007. After the last rejection I just said to hell with it. So they won’t let me ‘play the game’, OK fine by me. I’ll check out the daily stormer.
Nice Banner Add Mac, “Flee the Sanctuary City” Bug Out Properties. True indeed. These Illegal infiltrating Trojan Horse Turds are just waiting for the right time to unleash their terror across the cities of America. Yes Look at Sweden with the Muslim Invasion where 95% of the crime comes from these Turds,… The Karma though of this, is their Equal Liberal Turds that welcomed them in, will die first from their own wrath. Those who say “love thy enemy.” Total BS!! You deserve what you get. This is when we seal off the cities so there is no escape and we go house to house killing these cockroaches. If you are not out of these big mass populated cities ASAP, especially if you live in a designated Sanctuary City, You are sealing your fate and its TEOTWAWKI for you. You have been warned many times here.
Looking for a local Patriot Militia Group to join in your area? 623 in the US to choose from. Check this site out for details of the patriot group names, then do more research to find out how to contact them and join. https://www.splcenter.org/fighting-hate/intelligence-report/2017/active-patriot-groups-us-2016
Even though this website is sponsored by the Bigger Hate Group, “The Southern Poverty Center.” It says these Militia and patriot groups such as the III%’ers or Oath Keepers are against the New World Order. Well Damm strait we all are, but they try to call these patriot groups that are against the NWO, Hate groups in their friggin warped pee brain minds. They are the ones who Hate America, our US Constitution and Rule of Law.
I have met some Oath keepers, many LEO’s Ex-Military, Firefighters (good Patriotic Americans) who support our US Constitution as rule #1 just as our founders intended with Law and Order and defend it from those who wish to destroy it. The Poverty Law Center seems to label patriotism and love of country as Hate or some conspiracy. Like WTF? This is how they think. Check it out, find a local group join, lets overwhelm them. There are more of us then them, and we are well armed and ready to defend America from the NWO and these cockroaches who are hell-bent on destroying America city by city.
“As a result, the federal government is now 20 trillion dollars in debt, and that means that the eventual crash is going to be far, far worse than it would have been if we would have lived within our means all this time.”
Not really. 🙂 The numbers are bigger but the percentages will remain similar. In a real reset where all government debt is purged it doesn’t matter how much debt there is; except to those who hold the debt.
Those that hold the bad debt will be the ones who suffer from the lack of ROI, ROE, and return of capital. In the case of holders of bad government debt, like the multinationals who have tens of billions of dollars in government securities and the “allied” governments, debt reduction will be negotiated to a level where repayment is possible by the new government to preserve vestiges of the system for old stakeholders. Holders of government debt will accept half believing it better than nothing.
When debt is “forgiven” when it can’t be repaid, like the student loan debacle in a Great Depression II, debt to Uncle Sam will be eliminated, or at least partially so, and those who borrowed obscene amounts of money for their education will still have the benefit of that education, for whatever it’s (new) worth may be.
Jobs will be created in the financial community to manage the “workout” of bad debt. More debt, more jobs. Get a degree in accounting. 🙂
BTW, MBA’S, not liberal arts degrees will be in high demand for workout solution positions as the Depression extends over time.
Keep stacking and packing. 🙂
“…pretty much everyone understands that this is going to end very, very badly..”
“…people tell me that things are going to get better in 2017…”
Which is it?
Time to join the revolution. Grow a garden! My wife and I live in the center of a city of 1,000,000 +, on less than 5000 square feet, and have no problem canning 225 jars of preserves a year. I am sure if we focused we could double that. Start now! And remember, all the good things start with “G”: God, gold, garden, guns, generator, gas, ganja… Live well!
And don’t forget the Girls
well said michael, well said.
https://www.youtube.com/watch?v=mII9NZ8MMVM
The Collapse of The American Dream Explained in Animation. a very good explanation of where money comes from….and where it’s GOIN’.
I… I…I almost understand it.
LMFAO!!!
” and pretty much everyone understands that this is going to end very, very badly at some point.”
Thats a laugh, most knuckledraggers don’t have a clue or care whatsoever.
YUUUP! at least you and i have a KEEEN sense of the obvious.
a shining beacon in the night, spreading TRUTH, that never seems to do any good. math and gravity….two laws that can’t be dicked with forever. if more people were educated, they would understand what’s happening, but we don’t teach about negative numbers in the divided states…..it didn’t HAVE to be this way.
“Of course much of the globe is already in the midst of a horrible economic crisis.”
That is called … Government/Banking Failed Policies.
Can’t have honest and safe money policies, when the System itself is corrupt.
Fk’da dumb shit already … and pull the plug!
DITCH GOOGLE; AND REMOVE IT FROM EVERY DEVICE YOU HAVE.
WATCH OUT: Google is recording everything you search and say. Monday, February 27, 2017 by: Natural News Editors
(Natural News) Google could have a record of everything you have said around it for years, and you can listen to it yourself.
The company quietly records many of the conversations that people have around its products.
The feature works as a way of letting people search with their voice, and storing those recordings presumably lets Google improve its language recognition tools as well as the results that it gives to people.
(Article by Andrew Griffin, republished in part from Independent.co.uk)
But it also comes with an easy way of listening to and deleting all of the information that it collects. That’s done through a special page that brings together the information that Google has on you.
It’s found by heading to Google’s history page and looking at the long list of recordings. The company has a specific audio page and another for activity on the web, which will show you everywhere Google has a record of you being on the internet.
The new portal was introduced in June 2015 and so has been active for the last year – meaning that it is now probably full of various things you have said, which you thought might have been in private.
The recordings can function as a kind of diary, reminding you of the various places and situations that you and your phone have been in. But it’s also a reminder of just how much information is collected about you, and how intimate that information can be.
You’ll see more if you’ve an Android phone, which can be activated at any time just by saying “OK, Google”. But you may well also have recordings on there whatever devices you’ve interacted with Google using.
On the page, you can listen through all of the recordings. You can also see information about how the sound was recorded – whether it was through the Google app or elsewhere – as well as any transcription of what was said if Google has turned it into text successfully.
But perhaps the most useful – and least cringe-inducing – reason to visit the page is to delete everything from there, should you so wish. That can be done either by selecting specific recordings or deleting everything in one go.
To delete particular files, you can click the check box on the left and then move back to the top of the page and select “delete”. To get rid of everything, you can press the “More” button, select “Delete options” and then “Advanced” and click through.
The easiest way to stop Google recording everything is to turn off the virtual assistant and never to use voice search. But that solution also gets at the central problem of much privacy and data use today – doing so cuts off one of the most useful things about having an Android phone or using Google search.
Read more at: Independent.co.uk
Visio was caught doing something similar. Watch out for all smart televisions.
Whatever,am not very rich in a monetary sense,so,a man with not much to lose and everything to gain,well,will be interesting.
Today was the start in 1993 of the siege in Waco,never forget and most certainly never forgive
Warchild Dammit!,
AMEN to that!! they murdered those people just like ruby ridge!
govies need serious DOWNSIZING!!
Apache, Ruby Ridge and Waco were federal atrocities that will be avenged one day.
Ruby Ridge, Waco and now. DAPL Water Protectors. Government over reach and Genocide. DAPL will be Trumps Waco. They never learn. Ego, Control and Greed over common sense.
And the murder of Finnicum and the destruction of lands and wildlife. There is no word for how much I hate them!
You easterners have no clue how evil and fucked up the BLM is in the west! I wish I could express my hate for them but I would be in prison!
Genius, you need to let that idiot-in-charge Kate Brownhole know what you think. She issued the order to kill, the order that resulted in the murder of Mr. Finnicum.
?
The 100,000 year super cycle of the super volcano, Yellowstone, is also over due for a correction. Who cares about a credit crisis when the earth shakes beneath your feet (Carole King), and spits lava all over your Gucci shoes.
__??__
__
Q: What’s the difference between an American and a venezuelan?
A: In a few weeks, nothing.
sho do miss eppe!
BCOD, AMEN about Eppe. RIP, Eppe. You are missed and NOT forgotten.
Eppe passed away? I’ve been wondering why I haven’t seen him for a long time. I miss the jokes……
eppe says:
Comment ID: 3221714
September 8, 2014 at 8:37 pm
This is an olllllldddddd one….
Tips for investing those big bucks this year
>
> Maybe I shouldn’t give you some of these, but here goes:
> Investment tips for 2014 For all of you with any money left, be aware of the next expected mergers so that you can get in on the ground floor and make some BIG bucks.
>
> Watch for these consolidations in 2014.
>
> 1. Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W. R.Grace Co. Will merge and become: Hale, Mary, Fuller, Grace.
>
> 2. Polygram Records, Warner Bros., and Zesta Crackers join forces and become: Poly, Warner Cracker.
>
> 3. 3M will merge with Goodyear and and become: MMMGood
>
> 4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become: ZipAudiDoDa.
>
> 5. FedEx is expected to join its competitor, UPS, and become: FedUP.
>
> 6. Fairchild Electronics and Honeywell Computers will become:
> Fairwell Honeychild.
>
> 7. Grey Poupon and Docker Pants are expected to become:
> Poupon Pants.
>
> 8. Knotts Berry Farm and the National Organization of Women will become: Knott NOW!
>
> 9. Victoria ‘s Secret and Smith & Wesson will merge under the new name: Titty Titty Bang Bang
Grandee, LOL! Thank you for posting that. Eppe, R.I.P.
eppe, tip a toothpick with garlic and quick run up to people an stab them, then quixk run away. Days later he falls on his face and stabs himself causing a heart attack. Remember Uncle Karma always around the corner waiting for ya to say something stupid. See what fiddling around in life gets ya?
good ones!
Buttcrack
Amen to that. A smile is great for all of us and he gave them to us freely.
One scary part of this – When folk on the dole realize the money stream dried out, & they look over .. at You.
The truth is that we need to get rid of the whole banking mess. Adolph, the German Savior, kicked the Banksters out and Germany became a financial success.
There is a new book called “The Bad War” by Michael King (I think that is his name). Anyway, we never hear the whole story. There is a way out, but the Banksters want us to think we must rely on there information. That’s like asking the bank thief with gun and mask, what are your best options. He may tell you to put your hands up and stfu. That’s kinda what we are being told, isn’t it. We, could hang the Banksters, or just ignore them, and print debt free United States notes. And if they shoot one of us, we shoot ten of them. Top down.
__
Yep just like Spain who arrested Hundreds of Bankers and the IMF Chief for Fraud and criminal activity. Jamie Diamond should be sitting in Prison along with rhe Fed Reserve and their entire (((Tribe))).
One has to ask themselves if they feel safe with the amount of debt accumulation. Do they have a secure money income. Are they comfortable with their lifestyle. Can they maintain it if and when a financial problem arises.
All that can be asked of a person who has no idea what is over the horizon and he would be satisfied and maybe confident.
Ask one of us here the same questions and it may be a different story. You believe what you want to believe.
When I greet my friend as to how he is, he sometimes answers. “Worse than some but better than most.” “It is what it is.”, is another one of his favorite answers.
A regular Redneck Yogi Berra, ;0)
Yup…
“Fair to Middling” and “About the same as Yesterday” seem to come to mind as well!
this is all fine and dandy and has been stated 1000s of times in the doom and gloom…BUT… what is stated less frequently is that while your ‘brother’ has debt to income of 352% (he also ‘owns’ and has the ability to control the ‘household’ economies of most the neighborhood, makes more that the entire neighborhood and he has your uncle in the back room printing funny monies that he has the entire neighborhood scrambling to get ahold of…
economics, finance, interest.. its ALL theoretical because there is a HUGE behavioral component to it (like is the country you cut credit off to going to go to war with you over it)
Why does all this have to happen in my lifetime? Maybe when the mothership from Nibiru
lands I can hitch a ride out the galaxy. They might need a token white boy on that planet.
The Oblowholes are getting 60 million for a book deal.
Chapter 1- How to be a snake oil salesman
Chapter 2- It’s Bushes fault
Chapter 3- Let’s double the national debt
Chapter 4- You didnt build that…
Chapter 5- It’s still Bushes fault
Chapter 6- You can keep your doctor, you can keep your plan
Chapter 7- Time to go on vacation again
Chapter 8- Look here Suckas, re-elected! ( I wanna thank all the dumb lib soccer moms )
Chapter 9- Time to make the military trannie friendly, and public bathrooms too…
Chapter 10- You know, it really still is Bushes fault. I inherited a mess…
Chapter 11-The SEALS killed bin Laden, but I’m gonna take all the credit
Chapter 12- Damn, all this hard work makes me wanna go on vacation again
Chapter 13- What can I do to get a 3rd term?
Chapter 14- Maybe I can f%#k with Putin. He ain’t gonna do s%#t
Chapter 15- Damn, I gotta squeeze in one mo’ vacation. Ruining this country makes me tired
Chapter 16- No mo’ air force one. Kinda makes me misty eyed
Chapter 17- Goodbye Suckas!
Since we’re on the topic of 100 year cycles, lets cover things that have the longest shelf life, with the oldest at the top:
1. Spam (canned meat)
2. Suppressed History
3. War
4. Fear of Uncertainty and Death (FUD)
5. Instructional DVDs and Books on surviving FUD
6. Planet X, (No. We meant THIS year).
7. Yet another version of the Bible
8. Popcorn
9. Buying PMs
10. My patience
I find solitude out in Nature. That is truely “Is what it is” nature strait up in your face. No pretentious plot. It spring sex season season right now here. Watching the hawks up in the trees mating, no worries in the world, having sex with whom ever they please. No IRS or bills, no solicitors interupting their day, no human noises to speak of. High in the trees mating squaking their beaks off having a grand ol time. Had a single hen Turkey wander in for a visit. Took a walk down a path on my property, sat down by a tree on the bank of the canal and watched a deer snooting busting about across the water in the wild. Sun shining to warm me inside and watching more leaves fall to make the rustle under my feet as I walk. Nature is out there, real, soothing to the soul. No regrets folks, get out of the city madness, the ratrace and stress and buy yourself a slice of paradise out in the country, Its priceless.
Economic crash followed by population reduction followed by start back at square one and repeat cycle. Mo money.
I miss ‘Be Informed’ too.
me too. someone says he’s got a website or is on a website somewhere. maybe if you search here you can find him?
Sorry for being simple here, but if I borrow 5 bucks from John, that borrowed money comes from john.
So if the fed prints billions in paper loans, from who did they borrow from?
Swandog ~ The government swaps Treasury paper (bonds) for dollars issued by the FRB (Federal Reserve Bank) which isn’t Federal, has no ‘reserves’, and is not a bank. The BEP (Bureau of Engraving & Printing) physically prints the notes, but the money is created and issued by the FRB.
The FRB is a group of private, for-profit, international banks and financial institutions. Basically, it’s a cartel — a money cartel, similar to a drug cartel or an oil cartel (like OPEC). Talk about making a deal with the devil….
P.S. Go to your local library and ask for an Interlibrary Loan to get the book, “The Creature from Jekyll Island” which explains the creation and functions of the FRB. I doubt if one American in ten thousand truly understands the nature of this organization.
Meh. They’ll just raise the debt ceiling again. I remember the past two years everyone screaming about falling skies. Beware the ides of March and all that. Can will be kicked, government will grow, us plebes will get another boot on our neck and the struggle continues. Personally, I’ll keep on improving my acreage, raising chickens, gardening, reloading ammo, etc and not give a darn about what the fed.gov is doing.
From the ether. In marketing terms, you’re either short on breath, or go long winded.
We’re all guilty as charged. Blame the bankers all you want, but we did read the fine print and then sign the dotted line, correct?
When they pull the plug, will we be just as stupid to go into tantrums and burn it all down?
I guess the gimmedats gorillas, Prozac Zombies, and 7th century rapugees will determine that outcome.
I would hate to be a sentry at the local martial law mart.
We went off the fiscal cliff in 2008 but no one noticed because we haven’t hit the ground….yet. The only thing that has protected us is the dollar and its global reserve status. When or if that stops THEN we will hit the ground and it will be bad. The Weimar Republic and the depression will look like a Sunday picnics. It’s coming but as to when or what spark will light the fuse, we are all clueless.
Who do we owe the debt to?