Tag Archive: Depression


Money toilet
There is a lot of “Doom & Gloom” out there and I don’t believe all I read and hear. That being said, I feel a major collapse coming down the pike. It is mathematically impossible to pay off the massive US debt, they keep creating more. I’m not really sure how there can be debt on paper that was created from nothing and has no value but only debt piled upon debt. While more countries turn away from the US reserve currency a shift will occur, it won’t be good for the US empire as all empires crumble at some point.
I realize a lot of information out there is not true. Its the controlled opposition keeping the masses in check. Fear makes a very good halter while hunger makes a good suppressor.

farm worker 30s

original post: http://thecommonsenseshow.com/

Your life depends on whether you begin to take your assets out the bank and begin to purchase life sustaining supplies.You need to start this process, today, in accordance with the principles I laid out in a previous article.

The Death of the American Economy

There was an obscure story which ran two years ago which is receiving scant attention and yet, it is the banking story of the decade. It is the number one banking story in human history. It is the story which will destroy America’s banking accounts. It is the story that spells the beginning of the end of America’s financial empire. This is the end of the America’s financial empire and NOBODY is talking about it. What is that story? First, the prerequisite background.

Our Crushing Debt
As soon as a baby is born they are 185,000 in debt to the banks.
And this will be looked at as the good ole’ days.
And this will be looked at as the good ole’ days.

Nearly every publication estimates the derivatives debt to be in the range of one quadrillion dollars to $1.5 quadrillion dollars. Conservative estimates tell us that this derivatives debt, that has been assumed by the governments of the world, is at least 16 times the entire value of the assets of Planet Earth. This generation cannot pay off this debt. Your children, grandchildren and even great-great-great-great-great grandchildren cannot pay off this debt. If the status quo were to remain in place this debt could not be paid off in the 25th century, the 30th century, nor the 50th century. My estimates place the interest on the debt to exceed the entire value of the world’s assets and the interest is increasing far faster than the governments of the world can service the debt. Who is the debt owed to? It is owed to the first movers, the owners of the central banking system. If you want an identifiable target, let’s call the debt owners of the planet the Bank of International Settlement (BIS) along with their henchmen at the World Bank, the International Monetary Fund and their minions at the United Nations. The BIS is collapsing its own banking empire in order to usher in a New World Order which will be discussed later in the article.

The world’s economy has been dealt a fatal blow from which it cannot recover. No amount of budget, belt tightening will ever change this fact. We could literally be taxed at a 100% rate and the derivatives debt and the interest on this debt will continue to increase faster than the nations can pay the debt down.

Bank of America Case In Point

In an obscure, but well reported 2011 event, Bank of America announced it was shifting derivatives in its Merrill investment-banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This was announced as a news blurb in the main stream media and was prominently reported in the Daily Bail.

This was the single biggest financial event in the history of America. It was bigger than the 1929 stock market crash and it was bigger than the beginning of the bail outs in 2008, but it did not received the banner headlines that it should have received. What does this mean? It means that the Bank of America’s European derivatives are now going to be “insured” by U.S. taxpayers and its two most important financial institutions, the Federal Reserve and the FDIC. What is even more distressing is that the Bank of America did not even seek or receive regulatory approval for this action. This action was simply acted upon on behalf of frightened counterparties. Under the Federal Bankruptcy Act of 2005, the counterparties derivatives debt receive “super priority” when it comes to the disbursement of FDIC insurance payments to failed banks. Where do the rest of us stand in terms of reimbursement for a failed bank? We are in last place. In short, when your bank fails, your money is gone.

bankstersJust how serious is the derivatives debt for the Bank of America? The Daily Bail reported that this was a “direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input . . . “ The estimated total of derivatives debt tied around the neck of Bank of America is a little under 80 trillion dollars and is growing exponentially because of the interest payments. And yet, there is another shocker, JP Morgan Chase is receiving the same undue government benefit with $79 trillion of its national derivatives debt guaranteed by the FDIC and Federal Reserve. What this means for you and me is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in insurance derivatives contracts, labeled as credit default swaps (CDS) which were sold by Bank of America and JP Morgan. This is when you will lose all control over your money and ultimately your life, if you are not prepared ahead of time.

As Plain As the Nose on Your Face

When the derivatives debt reaches the point where it causes our debt load to be so great that we cannot even service the interest, all financial institutions will fail. All governments will go into default. If the Federal Reserve engages in “print money out of thin air policy” to cover the insurmountable debt, as they did with the bailouts in 2008, the resulting hyperinflation will make the German Weimar Republic seem like a prosperous economy. And do you think your money is safe because of the FDIC? Let me repeat, the FDIC, by law, must first pay the derivatives counterparties. Since the derivatives debt exceed the world’s total wealth by a fact of at least 16, do you now understand how and why you are not getting your money back when EVERY bank fails in the near future? Just the debt insurance that Bank of America and JP Morgan Chase have obtained from the American people totals nearly 160 trillion dollars. Before you accuse me of being paranoid, first explain how that debt can be paid? IT cannot be paid back, ever! However, the banksters are grasping for breath as they die on the vine. However, they will not go down without a fight. They are delaying the inevitable crash which will take them down with us. So, they are trying to keep their heads above water by stealing your bank accounts, your pensions and 401K’s. When your money is gone and your life is destroyed, the one solace we can take is that Wall Street will follow us right into the gates of hell as they will not survive either, and this is all by design. The purveyors of the central banking system are as evil as they come. They have set into motion the derivatives scheme so as to destroy all civilization so they can remake this planet in their own twisted image of their conceptualization of a Brave New World (order).

Out of Chaos Comes the New World Order

apocalypse now
The Bank of International Settlement and its henchmen (i.e. World Bank, IMF) and the United Nations want to collapse the existing order on this planet. Their assault upon humanity has begun. They are beginning the demise with collapsing the world’s financial empire. When economies crumble, national governments will fail and then the people will soon come to understand the term, the New World Order. We are not talking about the creation of just an evil world government. We are talking about the creation of a planetary structure in which most will not survive (see the Georgia Guidestones) and those that do will live in a hellish and biologically transformed slave planet. Without going into great detail here, I would refer you back to the first 30 minutes of the movie, Man of Steel, where the ideals of Krypton will soon be visited upon the Earth in which the inhabitants of this planet will be bred for specific purposes. This new empire will be Satan’s empire and it will be based on their perverted notion of transhumanism.

Under the new transhumanism, you will be bred for servitude and your skill sets will be biologically programmed. In 1932, when Brave New World appeared, it was still science fiction. As my friends Patrick Wood and Barbara Peterson can attest to, that day is here. As I write these words we are entering into a Brave New World. This will be the topic of a future article.

In the meantime, get your money out of the bank while you will can and purchase essentials for your survival, and begin taking your money out today. Buy the essential supplies with your existing bank account. If you delay, your ability to feed, water and protect yourself and your family will disappear as the banksters make off with all of it.

You cannot stop what is coming, you can only prepare to try and survive for as long as you can.

I have to ask, why would they pass the wall street reform and consumer protection act if they thought that everything was going great. Because they knew that someday their slim bag back room deals would fall apart. This act makes sure they survive the collapse and the people get flushed down the toilet. When it does fall a part and the economy tanks they will control the food, water, air and everything required for survival. You may not be on the living list.

Take Your Money Out of the Bank!

At this point it’s inevitable the US economy will sink like the Titanic. Except it will go down because it’ll displace to much water with all the weight of worthless paper ($) onboard. It’s a mathematically proven positive that it is impossible to pay the national debt, we’re screwed. Knowing of the forth coming collapse it is not a time to panic but, a time to prepare. Better to start late than never.

The destroyers of the US

The destroyers of the US

Have you ever seen a disaster movie that is so bad that it is actually good? Well, that is exactly what Syfy’s new television movie entitled “Sharknado” is. In the movie, wild weather patterns actually cause man-eating sharks to come flying out of the sky. It sounds absolutely ridiculous, and it is. You can view the trailer for the movie right here. Unfortunately, we are witnessing something just as ridiculous in the real world right now. In the United States, the mainstream media is breathlessly proclaiming that the U.S. economy is in great shape because job growth is “accelerating” (even though we actually lost 240,000 full-time jobs last month) and because the U.S. stock market set new all-time highs this week. The mainstream media seems to be absolutely oblivious to all of the financial storm clouds that are gathering on the horizon. The conditions for a “perfect storm” are rapidly developing, and by the time this is all over we may be wishing that flying sharks were all that we had to deal with. The following are 10 reasons why the global economy is about to experience its own version of “Sharknado”…

#1 The financial situation in Portugal continues to deteriorate thanks to an emerging political crisis. It all began last week when Portuguese finance minister Vitor Gaspar resigned…

“Mr. Gaspar’s resignation on July 1 has opened a Pandora’s box,” says Nicholas Spiro, managing director of Spiro Sovereign Strategy. “Portuguese politicians from the President down are treating the exit of Mr. Gaspar, the architect of the fiscal and structural reforms demanded by the troika, as a green light for a public debate about the bail-out programme. Yet the manner in which this debate is taking place, with the President undermining the prime minister and the opposition leader seeking to renegotiate the terms of the programme, is spooking markets.”

The general population is becoming increasingly restless as the nation plunges down the exact same path that Greece has gone. Nobody seems to have any solutions as the economic problems continue to escalate. According to Reuters, the president of Portugal has added fuel to the fire by calling for early elections next year…

Portugal’s president threw the bailed-out euro zone country into disarray on Thursday after rejecting a plan to heal a government rift, igniting what critics called a “time bomb” by calling for early elections next year.

Due to all of this instability in Portugal, the yield on Portuguese bonds shot up to 7.51% this week. That is a very bad sign.

#2 The economic depression in Greece continues to deepen, and it is being reported that Greece will not even come close to hitting the austerity targets that it was supposed to hit this year…

A leaked report from the European Commission confirms that Greece will miss its austerity targets yet again by a wide margin. It alleges that Greece lacks the “willingness and capacity” to collect taxes. In fact, Athens is missing targets because the economy is still in freefall and that is because of austerity overkill. The Greek think-tank IOBE expects GDP to fall 5pc this year. It has told journalists privately that the final figure may be -7pc.

Another 7 percent contraction for the Greek economy?

It has already been contracting steadily for years.

At this point, it would be hard to overstate how bad economic conditions inside Greece are. The following is from a recent article by Simon Black…

My friend Illias took a drag of his cigarette as he contemplated my question.

“Our government tells us that this will be a better year. No one really believes them. But all we can do is be optimistic. Too many people are committing suicide.”

His statement probably best sums up the situation in Greece right now. It’s as if the hopelessness has gone stale, and the only thing they have to replace it with is desperate, misguided, faux-optimism. And anger.

There are roughly 11 million people in this country. 3.4 million of them are employed, of which roughly one third work for the government.

1.34 million people are ‘officially’ unemployed. To put this in context, it would be as if there were 36 million officially unemployed in the US.

More startling, if you add the number of ‘inactive’ workers (i.e. those who gave up looking), the total number of unemployed is roughly 57% of the entire Greek work force.

#3 The economic crisis in the third largest country in the eurozone, Italy, has taken another turn for the worse. The unemployment rate in Italy is up to 12.2 percent, which is the highest in 35 years. An average of 134 retail outlets are shutting down in Italy every single day, and the debt of the country has been downgraded again to just above junk status…

Italy’s slow crisis is again flaring up. Its debt trajectory has punched through the danger line over the past two years. The country’s €2.1 trillion (£1.8 trillion) debt – 129pc of GDP – may already be beyond the point of no return for a country without its own currency.

Standard & Poor’s did not say this outright when it downgraded the country to near-junk BBB on Tuesday. But if you read between the lines, it is close to saying the game is up for Italy.

#4 There are rumors that some of the biggest banks in the world are in very serious trouble. For example, Jim Willie (a financial writer who usually puts out really solid information) is insisting that Deutsche Bank is on the verge of collapse…

The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. They are Deutsche Bank in Germany, Barclays in London, and Citibank in New York. Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.

Time will tell if he is right. But without a doubt the global financial system is extremely vulnerable right now.

Most Americans assume that the problems that caused the financial crash of 2008 were fixed, but that is most definitely NOT the case. In fact, our financial system is far more shaky today than it was just before the last financial crisis. When one major bank goes down, we could start to see others fall like dominoes.

#5 Just before the financial crisis of 2008, the price of oil spiked dramatically. Well, it is starting to happen again. The price of oil hit $106 a barrel on Friday. If the price of oil continues to rise at this pace, it is going to mean big trouble for economies all over the planet.

And as I wrote about recently, every time the average price of a gallon of gasoline in the United States has risen above $3.80 during the past three years, a stock market decline has always followed.

The average price of a gallon of gasoline in the United States reached $3.55 on Friday. This is a number to keep a close eye on.

#6 Mortgage rates are absolutely skyrocketing right now…

The average U.S. rate on the 30-year fixed mortgage rose this week to 4.51%, a two-year high. Rates have been rising on expectations that the Federal Reserve will slow its bond purchases this year.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan jumped from 4.29% the previous week. Just two months ago, it was 3.35% — barely above the record low of 3.31%.

This threatens to throw the U.S. real estate market into a slowdown worse than anything we have seen since the last recession.

#7 This upcoming corporate earnings season is shaping up to be an extremely disappointing one. In fact, the percentage of companies issuing negative earnings guidance for this quarter is at a level that we have never seen before.

So is this a sign that economic activity is starting to slow down significantly?

#8 U.S. stocks are massively overextended right now. In fact, according to Graham Summers, this is the most overextended stocks have been in the past 20 years…

Today, the S&P 500 is sitting a full 30% above its 200-weekly moving average. We have NEVER been this overextended above this line at any point in the last 20 years.

#9 Rapidly rising interest rates are causing the bond market to begin to come apart at the seams. There is concern that the 30 year bull market for bonds is now over and investors are starting to pull their money out of the market at a staggering rate. In fact, 80 billion dollars was pulled out of bond funds during June alone.

#10 Rapidly rising interest rates could cause an implosion of the derivatives market at any moment. As I am so fond of reminding everyone, there are approximately 441 trillion dollars worth of interest rate derivatives out there.

If interest rates continue to soar, we could potentially see a financial disaster that is absolutely unprecedented, and the too big to fail banks would be the most vulnerable.

As USA Today recently reported, there are just five major banks that absolutely dominate derivatives trading in the United States…

Five of the biggest U.S. banks — JPMorgan, Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Morgan Stanley — account for more than 90% of derivatives contracts. Regulators estimate that nearly half of derivatives are traded outside the United States.

Could you imagine the financial devastation that we would see if several of those banks started to collapse at the same time?

When you hear the mainstream media begin to talk about a “derivatives crisis” involving major banks, that will be a sign that disaster is upon us.

Most Americans don’t realize that Wall Street has been transformed into the largest casino in the history of the world. Most Americans don’t realize that the major banks are literally walking a financial tightrope each and every day.

All it is going to take is one false step and we will be looking at a financial crisis even worse than what happened back in 2008.

So enjoy this little bubble of false prosperity while you can.

It is not going to last for too much longer.

Posted: http://www.blacklistednews.com

The Horror on Cyprus – Where Will it Go

bernanketrillion

Let’s get something straight; what’s going on in Cyprus is theft pure and simple. If anybody hacked into your checking/savings account and electronically removed your funds it would be a crime. The banksters can call it what they may, haircut or any other feel good name but, it’s still a convictable criminal act. This felonious act is no more than transfer of wealth from the working class to the rich elite. Even though this wealth is debt based it still has some purchasing power, no matter how minute that may be.

There are reports of Cypriots taking out loans for autos, education, homes etc. putting the funds in the bank for safe keeping but, now they can’t get to it and when they do it could be 10% shy. Yet they still have to pay back the full amount with interest. WTF! Now we are well aware that the banks may not be a safe place to keep your wealth and what about gold, silver or gems people may have in their “safe” deposit boxes? Will that be gone?

 

Not to unsimilar events took place here in the land of the free and the brave. We called it “bailouts”. The 534 dictators in DC allowed their overlord, the central reserve banking system, to steal our tax dollars amassed from our potential labor to pay off the unscrupulous debt of rotted international corporations.

What happened to those villainous criminals? Nothing, they got away with it and no one did any prison time or for that matter even a slap on the wrist. Granted, there may have been some protesting in the streets and a couple of counterfeit hearings which accomplished basically nothing. Did anybody get any of their fed notes back? The fat cats sat up in their high-rise offices looking down on the middleclass and poor laughing all the while saying “look at those dense, dimwitted citizens down there expecting their childish behavior to stop us”.  They are well aware we are nothing more than slogging debt slaves to their swindling Ponzi banking scheme.

move-your-money

The sad truth is the fed prints up pieces of paper with green ink imbedded on it, and then tell us it has value which it does not. Then make laws that make it illegal if you don’t accept it in commerce. How can a private banking cartel become king over us? Why do we not have a lawful currency of exchange? Why can’t consenting free men and women use a self-made form of exchange? (Liberty Dollar)

Why don’t Nations tell the banksters to take a flying leap over a cliff? Iceland did and now they’re doing better than they have in a long time. They grew some balls and saved themselves from economic doom. Apparently they have gotten more than a haircut in Cyprus, they’ve been castrated.

Now that the central banksters have ruined the world economy with worthless paper and war what’s next in their little bag of tricks.  I anticipate this is a test run for the ultimate heist on the rest of the EU and US.  That be the hijacking of every freedom, liberty and pursuit of happiness we have with cruel and unusual punishment of martial law with a little fascism mixed in.

vtfree2

Is this our “punishment” for using a fiat currency central banking system? Printing pieces of green pictured paper out of the thin air, telling all of us its worth something. Then you have to ask, how did a small state get into such a massive debt? All bank bought politicians and their friends, no matter where are honest aren’t they!!!!!?!!!!! Trust me I’m the BANK, We gave you that paper and now we’ll take it back.    OH, I long for a billion dollar federal reserve note.

What would you do if the fed wanted to take your savings/checking funds electronically out of your account? Right now you already pay over 50% of your income in taxes already (one way or another).

Cyprus Confiscates Bank Account Money in Guise of Tax.   Is USA next?

Posted at: http://www.veteranstoday.com/

by Johnny Punish

As you may have heard by now, Cyprus just decided to tax bank accounts. Right now, there are riots in the streets. People are freaking out. The government has closed the banks until Wednesday; a bank “holiday” and the Euro zone is about to catch fire. Is the USA next?

Look, this is nutzo!

YouTube – Veterans Today –

YouTube – Veterans Today –

When I started to read about the special tax Cyprus was planning to impose on bank deposits as a condition for a European Union bailout of its financial system, I went straight to a dictionary:

“Tax: A fee levied by a government on income, a product or an activity….The purpose of taxation is to finance government expenditure.”

In this situation, depositors aren’t being asked to cough up additional money to meet a tax liability. To the contrary, a portion of Cypriot deposits will be confiscated — electronically, no less — by the government because that’s what euro zone finance ministers, the European Central Bank and International Monetary Fund demanded as a precondition for a 10 billion euro bailout.

The alternative? Allow Cyprus’ two biggest banks to collapse, which could cause an implosion of the entire financial chaos and a swift exit from the euro zone.

The proposed plan, which must be approved by the Cyprus Parliament, would impose a tax of 6.75 percent on deposits of less than 100,000 euros and 9.9 percent above that level.

This amounts to a seizure of private property. No wonder the Cypriots are outraged. Euro-zone depositors are supposed to be insured for up to 100,000 euros. Message: Deposit insurance isn’t worth the paper it’s printed on.

And that’s just one reason this not-really-a-tax sets a bad precedent. The decision to seize private property means that all assets in the euro zone are at risk, subject to the whims of politicians as they try to prevent their dream of a united Europe from shattering.

  1. What does this all mean?
  2. Will the USA ever follow this new paradigm business model?
  3. When did the banks stop serving its depositors?
  4. Should we all move to gold and run from these banksters?

So many questions….

YouTube – Veterans Today –


ABOUT THE AUTHOR: Johnny Punish is a

You have to wonder whats up when you read stories like these. If you read alternative news and connect the dots the future here in the good old US of A is not looking to rosie. The dollar is dying and the economy is going down the tubes. Where is all this leading too? Economic collapse and a depression senerio, with no work and no food. I hope everyone has a bug out plan and plenty of supplies to last a long while, because it won’t be over in a few months.

 

DHS Navistar MRAP vehicle

The Department of Homeland Security — a theoretically non-military organization tasked with protecting Americans from mass terrorist attacks — has been on a buying binge lately.  Included in this shopping spree was the purchase of almost three thousand of armored vehicles meant to patrol American streets.

Ordinary Americans first became aware that something was going on when they tried to buy weapons and ammunition after Sandy Hook and found empty shelves at the stores.  Part of the shortage undoubtedly came about because of the mad rush to purchase that was triggered when the Obama administration and several Blue state governments announced that they intended to pass drastic gun control legislation.  (And really, aside from those bitter clings in Pennsylvania, who really cares about the Second Amendment?)

Some have wondered, though, if the manufacturers’ inability to meet demand might also have had to do with the fact that the DHShad gone on a shopping spree.  In the past few months, it has purchased 2 billion bullets (enough to fight the War in Iraq for 25 years) and 7,000 fully automatic assault rifles (which the DHS charmingly calls “personal defense weapons”).  As myriad posts around the blogosphere revealed, Sarah Palin was not alone in believing that the Obama administration was stocking up in case of civil unrest on America’s streets.

http://www.mrconservative.com/2013/03/5718-dhs-buys-2700-urban-tanks-for-high-risk-anti-civilian-use/

 

It didn’t make worried Americans feel any better when, in February, they learned that the DHS has spent $2,000,000 buying “no hestitation” targets depicting old folks, pregnant women, and small children holding guns.  The purpose behind this type of target it is to train law enforcement officials to overcome their instinctive reluctance to fire on those soft targets.  It appears that the “no hesitation” targets the DHS purchased depict people who look just like you and me.

Now, concerned Americans can have something new to wonder about:  News is beginning to trickle out that, back in September 2012, the DHS recently retrofitted 2,717 Mine Resistant Protected armored vehicles, which are intended for use on American streets.

These vehicles, which are made by Navistar Defense, are impressive.  At NavistarDefense.com, they’re described as follows:

The International® MaxxPro® is Navistar Defense’s Mine Resistant Ambush Protected (MRAP) vehicle and incorporates the latest design in armoring technology. Extensively tested by the military and used in theater today, the MaxxPro features a V-shaped hull and other design features that greatly improve survivability. With so much protection, it’s the vehicle that every crew wants when they’re out in the field.

MaxxPro® MRAP specifications:

Length: 254″ (21.2 feet) Width: 102″ (8.5 feet) Height: 120″ (10 feet) Wheel base: 153″ (12.8 feet) Curb weight: 37,850 lbs. (18.9 tons) Engine: MaxxForce® 9.3

The MaxxPro MRAP is built to withstand ballistic arms fire, mine blasts, IEDs, and other emerging threats. Its V-shaped hull helps deflect blasts out and away from the crew and its armoring can be customized to meet any mission requirement.

The International® MaxxPro® is Navistar Defense’s Mine Resistant Ambush Protected (MRAP) vehicle and incorporates the latest design in armoring technology. Extensively tested by the military and used in theater today, the MaxxPro features a V-shaped hull and other design features that greatly improve survivability. With so much protection, it’s the vehicle that every crew wants when they’re out in the field.

MaxxPro® MRAP specifications:

Length: 254″ (21.2 feet) Width: 102″ (8.5 feet) Height: 120″ (10 feet) Wheel base: 153″ (12.8 feet) Curb weight: 37,850 lbs. (18.9 tons) Engine: MaxxForce® 9.3

The MaxxPro MRAP is built to withstand ballistic arms fire, mine blasts, IEDs, and other emerging threats. Its V-shaped hull helps deflect blasts out and away from the crew and its armoring can be customized to meet any mission requirement.

Kind of awe-inspiring, right?

The real question, though, is why the DHS is stocking up?  Perhaps it has a perfectly good reason to buy enough weapons to fight multiple wars, as well as massive armored vehicles that can withstand major battle conditions.  But until it reveals to Americans the decisions driving these purchases, all that we can do is guess — and to wonder whether Sarah Palin might be right.

 

And what the hell is up with dhs using targets like these?

Try and imagine what could happen today in the event of an economic collapse. More people, more guns and more military in the streets. People protesting for food, work and shelter. Don’t think the government will provide anything, we have become a nanny state expecting a handout. If the state can provide it they can take it away. If everyone prepared for this event the outcome would have been different. But, the on set of the depression was kept secret from the masses while the rich pillaged all they could. Don’t expect to be told it’s happening, get prepared while you still can. Better to have it and not need it than to need it and not have it.

BAD FED DEBT – YOU LOSE

 

How can the US have debt on pieces of paper that are absolutely worthless? It just doesn’t make good sense to pay back on a debt that was created out of thin air. Why can’t the government tell the banking cartel to kiss off, we’re not paying that debt and all the interest that comes with it. Those pieces of paper you hold is not money, money has to have value. We use currency, which has no value and no backing with anything of value. Basically our currency is faith based; we have faith that it has some value. That faith is dwindling fast, as more and more people catch on to the banking racket.

The US government borrows 2 million dollars a minute. I don’t care if they say they’re going to reduce the national debt; it grows back like a horrible weed as soon as you cut it. The U.S. government ran a budget deficit of $188 billion dollars for the month of March alone. Compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

How on earth can the Federal Reserve throw around billions of dollars with no accountability or oversight? Do you know where your tax dollars went? How about private accounts in the Cayman Islands and elsewhere. Matt Taibbi exposes some of the folks that the Federal Reserve has been sending money to in a Rolling Stone exposé

The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”

 It seems to me they are getting ready for something. Possibly making sure all insider friends have enough currency to last while the rest of us burn when the collapse comes.

I don’t know about you but, this has pissed me off for a long time. Now it’s worse than ever. If we don’t abolish the FED you, me and everyone else will be surly doomed in the next few years, if not a whole lot sooner.  

Wish I could whipe that smerk off his face with a bat.

 

Petrodollar done

I did this on the petrodollar awhile back but, never posted it. I decided to now after seeing the Reality Check video.

PETRODOLLOR PRIMER

Given that the US dollar is no longer based on the proportion of gold reserves, so what is it based on? Why is the US involved in conflicts all over the world? Why are we on the verge of attacking Iran for the suspicion of maybe, sort of, having a nuclear weapons program? Which, Iran is years away from perfecting. Even if they were enriching materials for that purpose they have the right. So, why would the US start WW III over WMD that don’t exist? The answer; the bankers and corporate elite have to protect their interest at any cost. Even snuffing the lives of men, women and children, destroying economies and invading sovereign countries is not too high in their eyes. There will be hell to pay when the US wars of aggression come home to roost.

Now let’s go back in time to August of 1971 when then President Nixon proclaimed: “I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connolly to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of United States.” Before Nixon’s statement it was clear to the world and notably France that the US was printing more Vietnam War dollars than gold reserves would allow. Given this fact, nations began demanding payment in gold for their dollars per the Bretton Woods agreement of 1944. For the nations that delegated their gold to the US, this was absolute pilfering for self-interests. In one foul swoop dollars where transformed into fiat currency giving the Federal Reserve ability to print worthless dollars out of thin air devaluing each with every new one printed. This system would be fine as derived by Sec. of State Henry Kissinger, except when demand for dollars fall.

Reality Check

watch?v=K9VLp0FcJ6I

To make sure there was a demand for US dollars Kissinger and Nixon convinced King Faisal of Saudi Arabia that the US would protect Saudi Arabian oilfields from any and all invaders. Of course the US wanted something in return. Saudi Arabia and by annex OPEC, agreed to sell their oil in US dollars only. Every country that wanted to by oil from OPEC first had to exchange their money into worthless US dollars first, at a loss most of the time. Participating nations as part of the deal also had to invest profits in US treasuries and bonds. How sweet it was for the US corporations and the elitist bankers. The US economy grew by leaps and bounds. The printing presses rolled as nations exported their goods for fiat dollars, buying oil in return. The scam was grand. The Military Industrial Complex grew like an out of control wildfire with the never ending influx of green paper. No country could compete against the might of the US military, not even the great Soviet Union in 1991. If you didn’t want to play the game, then you were forced. Oh, the scam got even grander, the only and biggest super power was created. There would be Pax Per Poten (peace through power).  The Petrodollar was born.

The same year the Soviet Union collapsed the US invaded Iraq. Destroying their developing country and crippling their military. Imposing harsh sanctions, which starved innocent children and their families. Zionist pig Madeline Albright thought it was worth it http://www.youtube.com/watch?v=FbIX1CP9qr4. In 2000 Iraq starting trading oil in euros causing the bankers to go into panic mode, they would not get away with that. Shortly after came the USrael false flag attack on the New York World Trade Center. The dreamed up threat of WMD in Iraq gave reason to invade the country and abruptly convert oil trade back into US petrodollars. But that is not the only country wanting to move away from the petrodollar. Egypt, Libya, Syria and others are looking to get out of the scam. Russia and China have started and want to trade more with their own currency. The list will grow as other countries wakeup to the largest scam in history. The petrodollar and its military might will fight tooth and nail to the end. The list of countries to convert and dominate is presently being aligned as the threat to petrodollars increase. Wesley Clark is an insider but, you get the picture here. http://www.youtube.com/watch?v=brckLyM1_FE .

Any country trying to get out of the petrodollar monopoly will be invaded and controlled and the list is growing. But, now the Fed Reserve banksters are losing their footing on a slippery rock and are about to fall into the water and drown. Their arms are flailing, lungs gasping for breath and legs getting tired. Unlimited QE3 will be the concrete slippers. The US economy will be pulled under along with the petrodollar.  Now ask yourself, how do we have a national debt if the worthless currency isn’t even real? Do they really care about you? No!

Not that I’m a fan of MSM but, sometimes they air something that’s close to the truth. If you haven’t read “Creature From Jekyll Island” then do so, anyone working for a bank should defiantly read it.

As we head further down the road I’m sure we’ll see more and more towns and cities go broke, the fed can’t keep printing $$ and not expect it to become worthless.
 
July 12, 2012 | Originally posted at theTrumpet.com

Washington can print money to forestall national collapse. States can leech off that currency stream. But for some cities, that have no such rabbits in their hats, the collapse is happening now.

By Jeremiah Jacques

 

When selecting a setting for his nbc sitcom The Office, Executive Producer Greg Daniels decided on Scranton, Pennsylvania, in part because the city is typical. The Emmy-winning show wanted to ridicule American corporate life, and needed a typical American city to let the mockery happen in. Scranton embraced The Office, and has enjoyed nationwide recognition as a result of the hit show’s setting. But now, the former coal town is making headlines for a very different reason.

Last Friday, the city of Scranton sent out paychecks to its employees, as it does every two weeks. But these checks were for amounts significantly smaller than usual because Mayor Chris Doherty reduced all city employees’ pay—including his own—to the state minimum wage of $7.25 an hour.

After sending out Friday’s checks, Scranton had only $5,000 left in the bank and still owed its 400 employees almost $1 million.

Scranton’s police unions, firefighters’ union and public works unions have taken the city to court over the reduced pay, but Doherty says he has no other choice because the city is broke. His planned solution is to immediately raise taxes by 29 percent, and by 78 percent over the next three years. But the council wants the city to instead borrow money to solve Scranton’s fiscal woes.

On Monday, Mish’s Global Economic Trend Analysis said, “It should be perfectly obvious to every soul on the planet that Scranton is bankrupt. Tax hikes are not the answer. The solution is filing bankruptcy with the hope of killing public union wages and benefits.”

But like many other states, Pennsylvania has rules in place that prohibit cities from filing bankruptcy without approval from the state. Mish’s final assessment is that “Inept city management, with public union wages and benefits at the heart of it, killed Scranton.” Whether or not Pennsylvania is prepared to admit it, Scranton is bankrupt, and the tensions there are rising.

And Scranton it is not the only U.S. city in such a condition.

San Bernardino is expected to become the third Californian city in two weeks to file for municipal bankruptcy protection as it wrestles with increasing employee costs and declining tax revenues. Last fall, Jefferson County, Alabama, filed the biggest Chapter 9 municipal bankruptcy in American history, leaving county commissioners planning to default on a general obligation bond payment. In late 2011, Harrisburg, Pennsylvania, said it would default on a payment coming due to general obligation bondholders. Stockton, California, was in negotiations earlier this year in hopes of avoiding becoming the biggest American city yet to declare bankruptcy. The most recent reports said it is “very likely” that Stockton will go bankrupt. These are just a few of many examples.

Many municipalities across the nation have found themselves pushed over the brink by the recession and its lingering aftermath. They are in dire financial straits with little hope of recovery. “This is truly a new era for dealing with troubled municipalities,” said Michael Stanton, publisher of The Bond Buyer, a public finance newspaper.

Cities are going belly up while states and the nation hang on, largely because cities cannot rely on the deus ex machina currency printing that the larger entities rely on. Mayor Doherty explained that he does not have the same options as the Fed or even a state government, saying, “I want the employees to get paid. Our people work hard—our police and fire—I just don’t have enough money, and I can’t print it in the basement.”

These cities are the canaries in the toxic coalmine that is the U.S. economy. Smaller and more fragile than states, they are succumbing to their economic ailments in tragic ways. But the canary analogy breaks down at that point because, unlike the coal miner who leaves the mine after watching his canary keel over, state and federal policymakers are not heeding the warning.

Someday people will wake up to the fact there is no economy, the whole thing is a scam. You believe you have money but, you don’t. Something of value is produced with material and labor, USD’s only have debt attached to them and are made out of thin air. In fact they have minus value, there worthless pieces of paper.

 

Darryl Robert Schoon hosts another television show on the global economics.

 

It’s not a matter of if, it’s a matter of when. Start putting away canned and dry foods to last a couple months minimum, better to have it and not need it than to need it and not have it.

 

(LINK) http://www.veteranstoday.com/2011/08/09/another-economic-collapsegreat-depression-is-coming-here%e2%80%99s-why/