The day is finally here: the economic collapse is admitted.
There have been plenty of people warning of the perils ahead in the financial world. Of the inevitable crash of the system, and the terribly unstable factors that were coming together in a perfect storm.
But now those voices include major Wall Street players like Citi, Goldman Sachs and billionaire investors like Soros.
Their experts are now pointing to a triangulation of collapsing oil prices, recession and equity. There are other key factors, too, but all will combine to create a devastating climate for the American people. Indeed, the crisis would be felt globally as well.
The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
“The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said.
“Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)… and repeat. Ad infinitum, this would lead to Oilmageddon, a ‘significant and synchronized’ global recession and a proper modern-day equity bear market.”
“The death spiral is in nobody’s interest. Rational behavior, most likely, will prevail,” he said in the report.
Crude oil prices have tumbled by around 70 percent since the middle of 2014, during which time the U.S. dollar has risen by around 20 percent against a basket of currencies.
The geopolitical scene is one of a world decoupling from the petrodollar. An oil price war is underway as key players battle out for the world order scenario when the prices reach the bottom, and new normals take hold among global currencies.
The stronger dollar issue is making it difficult for foreign borrowers to repay loans at a time when rates are yanked up slightly, and there is pressure to make due. A debt bomb may well go off.
Goldman Sachs recently predicted that the coming recession would really be the “third wave” of the financial crisis, building upon the destruction of the 2008 banking collapse and subsequent rounds of sovereign-debt crisis in Europe (Greece, etc.) in 2012:
This wave is characterised by rock-bottom commodities prices, stalling growth in China and other emerging-markets economies, and low global inflation, Goldman Sachs analysts [stated]…
This triple whammy has its roots in the response to the first two waves of crisis — the banking collapse and European sovereign-debt crisis — and it is all part of the so-called debt supercycle of the past few decades.
Now that interest rates are looking as if they might go up, lenders are heading for the exits and investors are pulling out of commodities, which are closely linked to the fate of the emerging economies.
Quantitative easing has stretched it out very thin, and with realities setting in and coming home to roost, it is painful to see how fragile the state of the world has become.
The executives on Wall Street will mostly all walk away with fresh earnings looted from those who were squeezed.
There are going to be a lot of people losing everything when this all explodes.
Goldman Sachs: The Third Wave of the Financial Crisis Is Upon Us
Global Economy Grinds to a Halt: We’re “Already in a Recession”
2008 Repeat Coming, Says George Soros, Harbinger of “Impending Financial Markets Crisis”
The Banking System Has Gone Rogue: “World Economic Order Is Collapsing”
Silver is still cheap at $15.01 for the spot price.
“In trying to build support for congressional approval, Obama claimed, falsely, that TPP was a “new” type of trade regime that “puts American workers first.” According to a recent forecast of TPP’s imagined future effects by the globalist World Bank, though, the communist dictatorship enslaving Vietnam will actually be the biggest winner, with an expected GDP increase of about 10 percent. After that, the Islamic governments of Malaysia and Brunei are the next biggest winners, with expected boosts to GDP of between five and eight percent.
The United States economy, by contrast, is at the very bottom of the list, with the World Bank forecasting TPP-related GDP growth at a fraction of one percent — slightly more than Russia’s economy is expected to grow due to TPP.”
TRANSLATION: “EAT SHIT, WHITE PEOPLE”
“Exports have tumbled because of a weak global economy and a strong dollar that’s made American-supplied goods and services more expensive. The worsened trade picture contributed to slower U.S. economic growth in the second half of 2015.”
THE GDP OF ‘MURICA IS $13 TRILLION
OUR EXPORTS ARE WORTH ABOUT $1.6 TRILLION
SO THEN, $11.4 TRILLIONS WORTH OF GOODS IS CONSUMED IN THE US
WHICH MEANS THE DOMESTIC DEMAND FOR THE SHIT WE MAKE IS 7 TIMES GREATER THAN THE FOREIGN DEMAND FOR THE SHIT WE MAKE
THE TRADE DEFICIT IS $600 BILLION EVERY FUCKING YEAR
WE CANT COMPETE WITH FOREIGN LABOR COSTS IN ANY PARALLEL UNIVERSE
SO WHY IN THE ACUTAL FUCK WOULD WE NEED TO HAVE A WEAK DOLLAR WHICH PUNISHES DOMESTIC SAVINGS AND INVESTMENT?
WHY IS THE FOCUS OF OUR ECONOMIC POLICY THE IMPOSSIBLE TASK OF INCREASING EXPORTS?
WHY ARE THERE NO PALEOCONSERVATIVE CANDIDATES?
WHY DOES ANYBODY THINK THAT TPP WILL BENEFIT OUR ECONOMY IN ANY CONCEIVABLE WAY?
IT’S THE SUPIDITY, ECONOMISTS!!!!!!!!!!!!!
15% OF MEN AND 5% OF WOMYN ARE CAPABLE OF CRITICAL THINKING SKILLS
“IF GOODS DONT CROSS BORDERS, ARMIES WILL”
SO BRING THE TROOPS HOME AND SEAL THE FUCKING BORDERS!!!!!!!!!!!!!!!!!
Because it is all engineered to fall. It is the only logical reason. And many economist are in agreement. To what? Centralized banking and electronic money. The NWO! Good luck!
I think PM’s have seen their bottom I could be wrong. PM’s have been on a steady rise for about a month. Ag has increased more than $1 an oz, and Au has gone up about 70 or 80 bucks an oz. I think they’re gonna keep going. Not sure where the top is, I’m not an $8000 an oz of gold believer. I think they’ll probably level off at what their purchasing power should be for goods and services. The way it’s supposed to work. That’s my hope anyway. Gander mountain is closing where I live, anyone know anything about their brand fishing reels?
THIS ECONOMICS SHIT IS A BUNCH OF FUCKING ACADEMIC BULLSHIT
YOU CANT HAVE A FIRST WORLD COUNTRY THAT IS BASED ON MINIMUM WAGE JOBS, TRADING PIECES OF PAPER CALLED STOCKS BACK AND FORTH, TRADING PAPER MONEY BACK AND FORTH, IMPORTING WORTHLESS PLASTIC SHIT, PLANNED OBSOLESCENCE, HAVING TOO MANY FUCKING PEOPLE FOR THE LAND TO SUPPORT ORGANICALLY, LEASING CARS AND HOUSES, LOW IQ THIRD WORLD IMMIGRANTS, THE 1099 ECONOMY, GOVERNMENT PARASITES SUCKING UP A HUGE CHUNK OF THE GDP, AND SHIPPING ALL THE GOOD FUCKING JOBS TO CHINA.
THE ECONOMY DOESNT SUCK BECAUSE OF FUCKING MARKET CONDITIONS
THE ECONOMY SUCKS BECAUSE THERE ARE NO FUCKING FUNDAMENTALS IN EXISTANCE
RONALD REAGAN WAS THE MOST PROTECTIONIST PRESIDENT IN AMERICAN HISTORY
WHERE ARE THE PALEOCONSERVATIVES
THANKS FOR ALL THE FREE TRADE BABY BOOMERS
TRADED OUR FORTUNES FOR SWIMMING IN OUR OWN SHIT
NOW DO YOU OLD PEOPLE UNDERSTAND WHAT YOU HAVE DONE????
THIS ECONOMICS SHIT IS A BUNCH OF FUCKING ACADEMIC BULLSHIT
Clearly you don’t know anything about economics.
Spot closed @ $15.11. Still cheap. And no, I am not selling. I keep having boating accidents.
cheap? it was under 14 a week or two ago…
Yes it is still cheap.
Someone here suggested that the crash or a major correction in the markets would likely occur before March 1, 2016; at the end of November 2015.
Who was that masked man ??? Its in the archives. 🙂
I suppose that was you DK, but the prez sez people like you are peddling fiction.
Indeed I did. 🙂
I don’t understand the “prez sez” reference. 🙁
Please specify the “fiction” I am “peddling”. I didn’t catch that reference either.
All I have done is call the last three corrections, well in advance (30-90 days), and right on time. There is nothing fictional about that. 🙂
Lighten up, I was mocking obamas SOTU speech when he said “anyone who says…..is peddling fiction. Hence “prez sez”.
Silver and gold are at all time lows. Even though stocks, bonds, and commodities are crashing, and oil is dropping like a rock, Gold and Silver seem to have hit a floor. Normally crashing oil prices are good for the economy, but the oil and gas industry were one of the stars of our economy, and because of a 70% price drop, major bond failures, layoffs and major bankruptcies are now inevitable in the one industry that was growing.
The big news is Japan has just instituted negative interest rates. This means you must pay the bank to hold your money. This is a tax on savers. This s a tax on capital. If you are a buseness with a ten thousand dollar payroll, as you accumulalate cash from sales to pay workers, it being taxed/ drained by your bank. The Japanese who are avid savers, will be looking to Gold and Silver in a crop lint economy.
So is excess wealth better in gold or silver, buried in the back yard, or rather in the sinking ships of the banks with negative interest rates and inflation bleeding you dry. Negative interest rates will crush money markets and certificates of deposit. The stock market is vanishing wealth faster than you can say boo hoo. I’m also expecting the government, who will be short cash, to just tax everyone’s savings.
Mar 16 is the next FOMC meeting, the FED is out of ideas and there is a serious crash happening now. That meeting will be critical.
Will it go deflationary, stagflation, or recession with inflation, because the economy ain’t going up any more! Its obvious as well as its been publicly stated that the government wants to inflate its way out of debt. In fact every debtor nation in the world wants dollar inflation. I’m not sure I’d want to bet against or buck that kind of force, or bet against the force of all the printed dollars lose in the world, damn what comes after trillion?
I’m beginning to think precious metals will be unstoppable. The government can’t tax what’s buried in backyards, so expect them to pass crazy regs outlawing private gold holdings. I tend to like Silver, Platinum or Paladium all three of which have significant industrial demand that the government would have trouble controlling as they did Gold in the 30’s. Silver is also bulky so the government won’t be so worried about it. A couple million in gold can be moved in a small car, but it would take a serious truck to move a couple million in silver. And the government certainly isn’t interested in trying to track the average prepper who managed to collect ten pounds of silver coins. They really want the 1%’er that’s got 50 pounds of gold.
I remember when gold was $35 an ounce and silver was $1.29 an ounce (face value of coinage).
If I took the cost of a new mid-sized car in the 70’s and bought gold when gold was $35/oz, today I’d be able to sell that gold and buy a similar new mid-sized car, not much more and not much less. Ignoring the fact that the government would tax me on the gain they would claim I made, even though in reality the gold had the same relative value.
Inflation creates a change in value that governments will tax, as though your money grew, even though the inflation they masterminded was a device to shrink their debt and increase their tax intake.
All gold does is preserve value, it will only in unusual economic times make you money. These may be those unusual times.
Well, no. Gold has increased around 35x what it was back then and cars about 4-5x what they cost back then. Thus it is entirely possible that gold is still overvalued. However, with all the uncertainty in the global markets, I doubt it has much further to fall. Also, cars have gotten cheaper relative to the average salary since then, so the analogy really doesn’t hold.
Gold did not increase from $35 / oz when a new car was $4000. Gold was held artificially at $35 oz until August 1971. Its artificial price, held to an increasing supply of dollars made its real value shortly afterwards $100 / oz and climbing. It therefore took 40 oz gold to buy that car and today the only reason it would take 30 oz to buy the same cars is (1) Increased productivity (2) Gold price should be higher but its being manipulated with falsely increasing its supply with paper gold.
” it will only in unusual economic times make you money. ”
That, “making money” is because of the manipulation of the gold supply because all things being equal in an unregulated market golds true value hasn’t changed.
No kidding? I remember when gold hit $200 and I remember silver at $7. Our age is showing!
Plan Twice, Prep Once
I am expecting the government to outlaw private ownership of gold and silver. Not unusual. Not like anyone who isn’t on the books would turn it in, but they would confiscate any they found. Mexico confiscated dollar accounts while I lived there, then devalued the peso. I kept my money “safe” in the US. What a joke that is now. I have been thinking about it. Thought of platinum but not palladium. When I lived there, lots of Mexicans had platinum. It was much pricier than gold at the time. I wore a lot of artisan silver jewelry at the time (pretty cheap) and somebody thought it was all platinum! Not.
Good luck to us all.
You’ll trade all your gold and silver for a can of tuna when your staving….Its just shinny rocks people…
The NWO guy’s are on the ropes along with rest of us!
It’s amazing how dumb many of these elitists are.
The master plan was to finish off the middle class & revert us all back a couple of centuries to peasantry.They figured that the ordinary people were chained to them & wouldn’t be able to do anything about it.
Now they are starting to understand that the middle class is not chained to the financial elite,rather the financial elite is chained to the middle class!
The world’s financial wealth is tied to the consumer economy & the middle class is the major consumer.By destroying the middle class consumer they are destroying their customer base.With no customers buying products from the companies they are invested in their highly leveraged paper assets become worthless.They become worthless because the companies they are invested in tank for lack of business.As these companies & investments go belly up the derivatives will kick in & the financiers & speculators will end up feeding on each other!
I agree. The NWO thought they could kill the middle class. They sure keep banging that drum don’t they?
keep in mind that there are only 300 million US consumers. There are 8 billion on the planet. 300 million consumers exchanged for a new customer base of 7.7 billion. So the NWO elitists (aka crony capitalists) are simply switching to a bigger market of 20 new customers to the 1 US customer. Marlboro realized this a decade ago.
If it’s under $20 an oz, buy as much as you can.
I agree. There is going to be a day when a FRN isn’t going to be worth Jack. That one-ounce silver round will be enough to hire a man for a week of hard labor. When? Sooner rather than later.
Its been my observation that bad economic news follows this pattern:
1. Its reported in various places in the alternative media (like this and many others) and dismissed as “lunatic fringe” by both the government and the PRAVDA main stream media.
2. As it nears, elements of the reporting in #1 gain traction in the MSM as its impossible to, “fool all the people all the time”. Government assures us, “Not to worry, everything is ok”.
3. The MSM with increasing depth, reports more and more of the economic indicators showing problems.
4. “The Shit Hits The Fan”.
5. Government states with conviction and a straight face: “The best and brightest never seen this coming”.
When the MSM starts reporting it, its timing is relatively soon as the evidence can no longer be ignored.
Yep , so just wait for the MSM to start commenting on the “indicators” , haha .
Until then its all good ! No worries .
MSM has started reporting it.
My point exactly. I’m using that as an indicator that the poop is damn close to hitting the fan.
I thought Obutthead just gave the state of the union address and HE said ALL is OK! nothing wrong!! HMMMMM! wonder how MANY people listened and believed his B.S.? guess they will find out soon enough! Y’ALL keep watching your backs and keep storing everything you can get your hands on! time is getting shorter!
you mean Obama lied to me ? I cannot believe it !
everything he has done has worked so well:
-obamacare – premiums went up, care went down and the uninsured barely decreased
-the middle east is a mess and Russia and muuslim nutbags are ruling now
-race relations in the usa are at an 50 year low
only because I respect personal property, do I not key every car I see with an Obama sticker
I know what you mean my blood boils ( seems it happens to easy these days) when i see those bumper stickers also makes me scared to get to close to those idiots , wonder IF they really know how to drive a car, if they voted for him!
when obuttcare first came out i looked at some examples and there were numerous plans that had NO cost depending where your income was at, i looked the other day and there NO free options and one of those was NOW $774.00 monthly premium, and did not pay jack dodo! there is so much to fix in this country and i don’t see it happening for either a VERY long time or not at all!
I have spent the last 5 years being very nervous about things as they are unfolding. I have paid off my house in this time and accumulated some assets. Also bought crossbows compound bows have a class c motor home, which I have been considering selling.(getting Canadian gun lisc. next week/ thinking shotgun and ammo got family to look out for) Does anyone here think selling the motor home is a mistake? I also have some beaten down mining stocks what are your thoughts as to weather or not it is pointless to hold on to these stocks? Insightful advice appreciated.
Apache,worst case scenerio for me anyhow is I eat the food/use the camping/hunting stuff anyhow/the stored gas,you get the point.Prepping is just getting stuff I use day to day one way or another.
Till it hits folks you can still do this,and,as a wise poster says,”The small add up!”.
I agree that is what we will do if things get better, BUT from all the things i see we are getting worse and coming to a really bad stretch for awhile.
Yep. Keep stacking and keep adding it up. I am looking forward to yard-sale season.
I have quite a list.
The fix of too much debt has always been more debt as the entire system is predicated upon it. Like the word WAR which has become Police Action or Conflict the increasing debt was renamed, “An Investment in the future” by this administration. Lowered wages, the fallout of globalism and the wealth curve being pushed upward has made it impossible to increase debt sufficiently. The reverse side of fractional reserve banking now comes into the equation as money, created by debt, literally disappears. Every attempt to delay the inevitable then requires subsequently greater levels of intervention with less and less returns. Eventually the spiral accelerates into the abyss like a black hole adsorbing light until equilibrium is achieved. The greater the magnitude of the previous attempts at delaying is now responsible for a longer and more destructive fall.
1)Make sure you are personally debt free.
2) Understand that the stock market is
like a Casino the house always wins.
3) The biggest threat to your health,
safety, wealth, and welfare is the government
and all of its agents.
4) If you are debt free, and own assets,
Deflation can be your friend. Inflation
is our enemy, it means there isn’t enough
to go around.
rellik – Good post. In response to #2, even psychopath Bernie Madoff said his Ponzi scheme was “A Ponzi scheme within a Ponzi scheme”… his words, at least he was telling the truth about that.
LMAO. 50% of the US population doesn’t have $1000 in savings in an emergency fund. Most people will have empty cupboards after a few days. Too many others use the credit cards as emergency funds. Plenty of people in the USSA will be more than happy to line up at the nearest feeding station for their weekly rations. Some of us will be running the other direction.
That 50% is the part of the population we don’t need. They are progressive Democrats. We don’t need progressive Democrats. I can tolerate the 50’s style Democrats, but they were tax payers, even if they were racist bastards.
As far as “feeding stations”, that will be a sight to see.
Remember Katrina and the people floating Heineken down the street,
( good beer!), There won’t be any feeding centers.
There will be fat rats. I understand rat meat tastes good.
Yes. Reality is harsh. Many in the USSA are going to crash headfirst into reality sooner rather than later and I expect that reality check will be very unpleasant.
I remember Katrina. It is the reason I became a prepper. I remember the bloated bodies lying in the street.
I can’t stand all the fricken commies that have overrun much of the USSA. If they were real communists they would know they are being used as useful idiots and that communists have a long tradition of starving people to death.
Make no mistake, the people in charge at the top are fascists. They control the wealth and more or less “allocate” some amount for the masses to be distributed equally to minimize civil unrest and have control. Its fascism for them and communism for the masses.
K2: I agree. I don’t like any form of totalitarianism, whether it is on the far-left or the far-right. I tend to be both a social and fiscal conservative. I think these fools have overestimated their powers. Thing are not even close to being riled up. Yet.
I’m more libertarian in social outlook but a strict conservative fiscally as, one plus one, sooner or later, regardless of creativity, will equal two. I don’t need to agree or condone someones personal choices but it is their life. I interpret the Bill Of Rights in the largest context regarding “We The People”. Its called Freedom.
Yes, it matters little if the boot on your throat contains a capitalist, fascist or communist foot.
“Thing are not even close to being riled up.”
I think we’re at the stage that brought on this quote from Winston Churchill at the start of , “The Battle Of Britain”.
“This is not the end, its not the beginning of the end, it is however the end of the beginning”.
The ball has been thrown to the pitcher and he is winding up.
K2: I really don’t give a damn what adults do behind closed doors. It is none of my business. I do mind how people behave in public and there is no way in hell I would to to any church that marries faggots. Not my cuppa tea. Never was and never will be. You can’t get married if you are a faggot. That is a non sequitur.
As for the boot on our face? I agree, a boot stomping on your face is a boot no matter what you call it.
No offense, but the 50% on the bottom aren’t progressive Democrats. I doubt many are registered to vote. The Democratic haul them out when they can, but “getting out the vote” is hard work. Most progressive Democrats have a fair chunk of change. They tend to be professionals and well educated. For all of the lies on MSM, that is one of the biggest ones and it has been repeated ad nauseum I base my humble opinion on the fact that Republicans control most States, the House, and the Senate. The poorest have to be voting Republican across the board. A party with less than 24 percent of the electorate cannot win without the poor vote.
Online, Dems whine endlessly about how the masses just will not vote in their self interest. Republicans whine endlessly about how the masses are all Democrats voting for their handouts. I say the numbers support the liberal viewpoint. The masses are voting Republican… even though they are only promising tax cuts for the rich.
Its my experience that social issues drive the bulk of both Party’s core support. Democrats generally turn a blind eye to wars started by Democrats.
rellik…you missed that the rich taste like chicken and their kids are extra tender…
For those bugging in. If they set up feeding stations, preppers should show up to get free food with all the other sheeple, so as not to blow your cover. Always talk up about leaving the area.
The moment the gov starts registering people in those lines, or crowds start getting unruly, then stop going. If people ask about you, you’ve already laid out a plausible cover story.
A large part of US food is now imported, if the economy crashes, expect shortages when the imports stop. What’s left after the government and law enforcement take care of their own, will be only be a small portion for the common folk.
I keep hearing that March of 2016 is in the timeline. When the mainstream is beginning to say something I think we are getting closer to something bigger,
There have been dates given. Last September it was tied to Jewish New Year, the fool Gerald Celente has numerous predictions that didn’t happen, many financial advisors have missed their predictions as to a quarter of the year, or a month, when things were going south. People like Rawles have been predicting soaring prices for PM’s, especially his silver. He has been strangely quiet for several months about telling people to “buy the dips” in silver prices. And his talk about the metal content of nickels being changed as not happened. Bottom line prepare and practice becoming familiar with your preps and skills.
One of America’s oldest stock exchanges has just been sold to China.
This pic says it all
Every money graph of the United States proves beyond a shadow of a doubt that there not a possibility that this country is communist or even socialistic. Not even possible, dear ones. Every graph shows that the United States is an Oligarchy. As far as the Oligarchy ‘ s form of government, it is a Faux Republic, covering fascism and shifting quickly into open fascism. The statistics don’t lie, folks.
Clueless. Another useful idiot that thinks socialism and the commies will save you.
That’s not what she said.
Plan Twice Prep Once,
Philo is a provacateur. My rational comments oppose her agenda.
Your 100% on the money (no pun intended).
Wow. Surprised to see you got sucked in. Whatever.
Rebecca, while I don’t always agree with some of your observations and comments, most I do. Your logic is spot on and pretty clear to anyone who cares to think rather than have a keyboard Tourette syndrome moment. 😉
“The statistics don’t lie, folks.”
Yes they do. All the time. Because they are developed and created by people who do. That said, I agree with your Oligarchy analysis.
Scratch a Lefty and you will find a communist, posing as a socialist, pretending to be a progressive promoting ILLEGAL immigration, claiming that they are a democrat.
Scratch a Neo Con and you will find a Fascist, posing as a conservatives, promoting Free Trade as a FREEDOM, claiming that they are Republican.
All of these are components across the political spectrum of members of the NWO, and they are at their core, GLOBALISTS and ANTI AMERICAN.
Death to the NWO its totally Constitutional !!! 🙂
you think the top in socialist and communist countries don’t live like kings ?
sorry, but those guys aren’t driving themselves to work.
as this country becomes more socialist, see Bernie now nearly even with Hillary in many polls; the top will remain and you will be subjugated to one of those 30k jobs that half the country has. we are slowly moving that percentage to 90%.
Becky agrees with that. Part of the free shit army.
Rebecca- I wonder how in the world Phil got the message that you were insinuating or implying “socialism and the commies will save you” from your post.
Common, Philo hates Rebecca and just flings anything she can at her, much like a monkey flinging its own poo…….
I can speak for myself.
It is from her other comments. Not just one.
I work at a home improvement store.
I have many conversations with the general public each day. Good people generally, they all sense something is bad wrong, and believe that the economy is going to crash. That’s usually where they want the discussion to end.No one wants to think about what will very likely come next, but that is exactly the next logical step that needs to be taken! To not face the inevitable now, is to throw one’s fate (and their loved ones) into tumult and peril.I care to much to not at least attempt to plant seeds, try to point them to positive actions they might take. Any little thing is better than nothing.
Bottom line is we are all Fucked !!!
There you go !
Nothing left to do but enjoy the decline !
if you have any debts outside your house by 2017, youre going to get pinched.
Philosopher If your right about 50 percent of people have less than $1000 saved then this country has real problems. I feel you are right about this because people use plastic cards so much. Yes they could be linked to checking accounts but I doubt most are. People are living on borrowed $ paying interest. I’ve heard of people with $40,000 in debt. See the lenders will have to shut off these people eventually. They cannot keep extending credit to people that just pay the minimum payment barely. I can see bail ins coming. It’s gonna piss off a lot of responsible savers and people will not trust banks no more to hold their savings the economy seems to work if there growth even a small amount of growth. But as soon as there is none and it goes on for a while the dominos will start to fall and it will collapse one bank and corporation after another picking up speed. Hoard $ cry poverty and take advantage of everything. Otherwise your losing ground.
I don’t have all the links but those are the numbers on the low end with regard to people that just have nothing. The day the free shit army stops being fed is the day all hell breaks loose.
Matt Bracken wrote an article on Western Rifle Shooter about this. Here is the link:
The article was written in 2012 and it is just as valid today (the theory not the exact scenario) as the day it was written. I don’t bet often and there is no way in hell I would bet against Matt Bracken. Brilliant mind. One of the best writers about current events. He also runs the site: http://www.gatesofvienna.net
If you have not read his series, “Enemies, Foreign and Domestic” I cannot recommend it highly enough.
If you can buy a few more ounces at the $15 handle, do it before Joe on the street notices what’s going on. By then, it will become apparent that we’re headed to ZIRP again, then NIRP and people will flock to buy metals.
Yesterday, even my husband mentioned the City “death spiral”
article, saying that I might be right after all.It scares him for a number of reasons… one being that’s he’s worked past a 9 year window where he could have collected a pension. But, that helped move us completely out of debt… and out of the city. We are the anomalous Republicans- I have a Masters in Anthropology, and my husband is positioned in a corporate environment. The same logic that allowed us to thrive in this world is screaming to me in every fiber of my being… get off this sinking ship.
I agree. Cash out your 401ks. Those will be confiscated. Keep minimal amounts of money in a bank. That will be bailed in or get negative interest. The one benefit of working at a corporation, depending on what level, is a locked in annuity. I read about those being used by the CEO’s. They have huge annuities. But then again if everything goes tits up the only thing that will matter is if you possess it. Paper isn’t going to mean jack. Sorry to be so blunt. Your instincts are spot on. Listen to yourself, do your own research, heck ignore me!
This is a good day as any to turn from this world repent for your sins and make Jesus Lord of your life!!! As we all know everything that we are told are lies… Jesus Christ is the only way don’t let Satan use u!!! Come out of the world now!!!
How did we get here? Part of this involves the global warming scam.
As Blaise Pascal once noted, once science is divorced from ethics, scientists will use their skills to pursue power, not truth. What is behind the global warming? The same thing that was behind the global cooling scare of the 1970s: The 1974 Club of Rome report titled, Mankind at the Turning Point stated, “The real enemy then, is humanity itself.” Their solution was simple – engineer a massive reduction in population and utterly change the socio-economic system through centralized planning via total government control. And yes, this does smack of being called “The Final Solution” to me, too. This “man is the enemy” was reiterated by the Club of Rome in 1993, as well, when they stated in their The First Global Revolution, downloadable at http://www.scribd.com/doc/2297152/Alexander-King-Bertrand-Schneider-The-First-Global-Revolution-Club-of-Rome-1993-Edition that “In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill….All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself.”
“We came up with the idea??” In other words, a conclusion had already been reached, and now they needed to create a “reason” to support their unsupported – and as Julian Simon provisionally demonstrated, possibly false – a priori assumptions. Do not try this technique in any school paper you may attempt, or you will be failed!
As Robert Zubrin observed, to the warmers, “… each new life is unwelcome, each unregulated thought or act is menace, every person is fundamentally the enemy of every other person, and each race or nation is the enemy of every other race or nation.” Perhaps it is put most clearly by the World Wildlife Fund Living Plant Report of 2012, which Lewis Page summarizes in the May 16, 2012 edition of the Register that “economic growth should be abandoned, (and) citizens of the world’s wealthy nations should prepare for poverty.” The rich, of course, are especially bad, as the Education for Sustainable Development Toolkit, by Rosalyn McKeown, found at http://www.esdtoolkit.org/ tells us: “Generally, more highly educated people who have higher incomes, consume more resources than poorly educated people, who tend to have lower incomes. In this case, more education increases the threat to sustainability.” Of course, individual rights are verboten, given the Malthusian threat to the earth. As Harvey Ruvin, Vice-chair of International Committee for Local Environment Initiatives (ICLEI), a group that wants to impose the green agenda on everyone has noted, “Individual rights must take a back seat to the collective.” Pol Pot, move over. (Incidentally, the Malthusians might want to get a clue, as between 30 and 50 percent of all food produced globally, equivalent to two billion tons, is thrown away each year according to a recent report written by the UK-based Institution of Mechanical Engineers (IME), titled ‘Global Food; Waste Not, Want Not’, found at http://www.imeche.org/Libraries/Reports/IMechE_Global_Food_Report.sflb.ashx. Of course, per the usually PC Time Magazine, the Malthusians are doubly wrong, as “…it turns out the world’s population isn’t growing nearly as fast as it once did. In fact, experts say the rate of population growth will continue to slow and that the total population will eventually — likely within our lifetimes — fall.” http://newsfeed.time.com/2013/01/11/overcrowding-nah-the-worlds-population-may-actually-be-declining/
Are these people alone? Hardly. Maurice Strong, the leftist hero of global governance, and former Secretary General of the UN’s Conference on Environment and Development, stated in his 2000 autobiography, Where We Are Going, that by 2031, two thirds of earth’s population might be wiped out. A tragedy? Not to the left. He describes this possibility as “A glimmer of hope for the future of our species and its potential for regeneration” (think the evil Professor Weston here in CS Lewis’ Out of the Silent Planet and Perelandra). As James Delinpole observes about Strong’s comment: “See: It’s perfectly OK to fantasize about the deaths of maybe 5 billion people – as long as you show at the end that you really care: you’re thinking about humanity.” Exactly what the leftists said as they wiped out over 60 million in the Soviet Union, Pol Pot with his millions in Cambodia, or Mao with his toll of perhaps 20 million. And this will be done with or without your consent, as Strong again notes: “Our concept of ballot box democracy may need to be modified (Agenda 21, anyone? I think we can agree “Abolished” will be the operative word, not “modified,” once the left is through) to produce strong governments capable of making difficult decisions, particularly in terms of safe-guarding the environment.”
Is this extreme? Oscar winning film maker Woody Allen doesn’t think so. During an interview with the Spanish newspaper La Vanguardia, Allen stated “I am pleased with Obama. I think he’s brilliant… it would be good . . . if he could be a dictator for a few years because he could do a lot of good things quickly.”
Of course, the end goal of Strong and his types are that your lifestyle, in good old discredited Malthusian style – is abolished (our “dear leader” lifestyles, of course, will not be impacted at all. The Leajet leftists, the limousine liberals, the Hollywierd hypocrites, Michelle Obama’s uber-luxe vacations, Barack Obama’s hundreds of golf outings – all of that, as we saw in the Soviet Union, will be exempted). Here’s Strong again: “Current lifestyle and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, home and workplace air conditioning and suburban housing – are not sustainable. A shift is necessary which will require a vast strengthening of the multilateral system, including the United Nations.” (Agenda 21 here gets joined with the Trans-Pacific Partnership… the even uglier fascist step child of Japan’s Greater East Asia Co-Prosperity Sphere (大東亞共榮圏 Dai-tō-a Kyōeiken) that brought us the Rape of Nanking, Pearl Harbor and millions of deaths across the “trans-Pacific.
All this misses, of course, the simple dictum of Julian Simon: “The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.”
This is the same Julian Simon that bet global coolers Paul Ehrlich and current-warmer-then-global cooler John Holdren that the price of chromium, copper, nickel, tin, and tungsten would go down, not up, by Sept. 29, 1990. In fact, all five commodities – which Ehrlich selected – went down by the targeted date. In Oct. 1990, Ehrlich mailed Julian Simon a check for $576.07 to settle the wager. No word if current unelected Obama science czar Holdren chipped in any dough or not. But – as the last refuge of scientific (or economic) scoundrels – of course, “this time will be different.” See http://en.wikipedia.org/wiki/Simon%E2%80%93Ehrlich_wager for the Wikipedia summary of this wager.
The banks have trapped us. They have bought the rule makers and rigged the system. So far.
Several million people will watch the Super Bowl but only 6395 people have read this article. Worshipping the spheroid is far more important. With this in mind why wouldn’t a relative handful of people virtually rule the world? Its painfully obvious that the concept of self governance requires far more effort than the people care to expend.
Sad but true K2. Sad but true.
The Super Bowl comes once a year. The economy and politics we will always have with us, all the other days of the year.
Enjoy the game !!! 🙂
Its not that several million watch the Super Bowl, but rather the so damn few that care enough about what one would think is important. I have a professional Financial Advisor in the family. Follows sports, doesn’t know anything about or care about current affairs. How can that be? He was absolutely shocked, blindsided when TSHTF in 2008. I told him before it hit that it was coming and was smugly blown off because he has numerous three letters, CPA, MBA, educated. One thing he was right about so far, “THEY, won’t let that happen”. He won’t admit that there is a THEY, who THEY are or what THEY do.
Anyone that I ever met that was obsessed with sports couldn’t hold a knowledgeable conversation about anything else except of course their specific means of income.
These problems will not be solved by typing.