Tag Archive: Economy


I haven’t had the time to post much but, I HAVE BEEN PAYING ATTENTION. Unless your brain dead or spend to much time in front of the brain washing box, known as the television then you better wake the hell up. The US is headed for a major change, just like Obummer wanted. All I can say is get your head on straight and prepare for the inevitable.

Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should. In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks. We are not at a “global crisis” stage yet, but things are getting worse with each passing day. For a while, I have felt that 2014 would turn out to be a major “turning point” for the global economy, and so far that is exactly what it is turning out to be. The following are 20 early warning signs that we are rapidly approaching a global economic meltdown…

#1 The looting, violence and economic chaos that is happening in Argentina right now is a perfect example of what can happen when you print too much money…

For Dominga Kanaza, it wasn’t just the soaring inflation or the weeklong blackouts or even the looting that frayed her nerves.

It was all of them combined.

At one point last month, the 37-year-old shop owner refused to open the metal shutters protecting her corner grocery in downtown Buenos Aires more than a few inches — just enough to sell soda to passersby on a sweltering summer day.

#2 The value of the Argentine Peso is absolutely collapsing.

#3 Widespread shortages, looting and accelerating inflation are also causing huge problems in Venezuela…

Economic mismanagement in Venezuela has reached such a level that it risks inciting a violent popular reaction. Venezuela is experiencing declining export revenues, accelerating inflation and widespread shortages of basic consumer goods. At the same time, the Maduro administration has foreclosed peaceful options for Venezuelans to bring about a change in its current policies.

President Maduro, who came to power in a highly-contested election last April, has reacted to the economic crisis with interventionist and increasingly authoritarian measures. His recent orders to slash prices of goods sold in private businesses resulted in episodes of looting, which suggests a latent potential for violence. He has put the armed forces on the street to enforce his economic decrees, exposing them to popular discontent.

#4 In a stunning decision, the Venezuelan government has just announced that it has devalued the Bolivar by more than 40 percent.

#5 Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.

#6 Ukraine is rapidly coming apart at the seams…

A tense ceasefire was announced in Kiev on the fifth day of violence, with radical protesters and riot police holding their position. Opposition leaders are negotiating with the government, but doubts remain that they will be able to stop the rioters.

#7 It appears that a bank run has begun in China…

As China’s CNR reports, depositors in some of Yancheng City’s largest farmers’ co-operative mutual fund societies (“banks”) have been unable to withdraw “hundreds of millions” in deposits in the last few weeks. “Everyone wants to borrow and no one wants to save,” warned one ‘salesperson’, “and loan repayments are difficult to recover.” There is “no money” and the doors are locked.

#8 Art Cashin of UBS is warning that credit markets in China “may be broken”. For much more on this, please see my recent article entitled “The $23 Trillion Credit Bubble In China Is Starting To Collapse – Global Financial Crisis Next?”

#9 News that China’s manufacturing sector is contracting shook up financial markets on Thursday…

Wall Street was rattled by a key reading on China’s manufacturing which dropped below the key 50 level in January, according to HSBC. A reading below 50 on the HSBC flash manufacturing PMI suggests economic contraction.

#10 Japanese stocks experienced their biggest drop in 7 months on Thursday.

READ HERE: http://theeconomiccollapseblog.com/archives/20-early-warning-signs-that-we-are-approaching-a-global-economic-meltdown

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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.

Remember Janet Napolitano, previous to stepping down from D-H-S said there would be a major cyber attack. Will be on the electrical grid or will it be in banking? Or both, who knows.

elec grid money burn

Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?

Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question. An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. McBride quoted Brown as saying:

If the banks are shutting their doors, and the cash points aren’t working, and people go to Tesco [a grocery chain] and their cards aren’t being accepted, the whole thing will just explode.

If you can’t buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves.

And as soon as people see that on TV, that’s the end, because everyone will think that’s OK now, that’s just what we all have to do. It’ll be anarchy. That’s what could happen tomorrow.

How to deal with that threat? Brown said, “We’d have to think: do we have curfews, do we put the Army on the streets, how do we get order back?”

McBride wrote in his book Power Trip, “It was extraordinary to see Gordon so totally gripped by the danger of what he was about to do, but equally convinced that decisive action had to be taken immediately.” He compared the threat to the Cuban Missile Crisis.

Fear of this threat was echoed in September 2008 by US Treasury Secretary Hank Paulson, who reportedly warned that the US government might have to resort to martial law if Wall Street were not bailed out from the credit collapse.

In both countries, martial law was avoided when their legislatures succumbed to pressure and bailed out the banks. But many pundits are saying that another collapse is imminent; and this time, governments may not be so willing to step up to the plate.

The Next Time WILL Be Different

What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system, a collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but are unregulated. They include hedge funds, money market funds, credit investment funds, exchange-traded funds, private equity funds, securities broker dealers, securitization and finance companies. Investment banks and commercial banks may also conduct much of their business in the shadows of this unregulated system.

The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts – period.”

Governments in Europe are also shying away from further bailouts. The Financial Stability Board (FSB) in Switzerland has therefore required the systemically risky banks to devise “living wills” setting forth what they will do in the event of insolvency. The template established by the FSB requires them to “bail in” their creditors; and depositors, it turns out, are the largest class of bank creditor. (For fuller discussion, see my earlier article here.)

When depositors cannot access their bank accounts to get money for food for the kids, they could well start breaking store windows and helping themselves. Worse, they might plot to overthrow the financier-controlled government. Witness Greece, where increasing disillusionment with the ability of the government to rescue the citizens from the worst depression since 1929 has precipitated riots and threats of violent overthrow.

Fear of that result could explain the massive, government-authorized spying on American citizens, the domestic use of drones, and the elimination of due process and of “posse comitatus” (the federal law prohibiting the military from enforcing “law and order” on non-federal property). Constitutional protections are being thrown out the window in favor of protecting the elite class in power.

The Looming Debt Ceiling Crisis

The next crisis on the agenda appears to be the October 17th deadline for agreeing on a federal budget or risking default on the government’s loans. It may only be a coincidence, but two large-scale drills are scheduled to take place the same day, the “Great ShakeOut Earthquake Drill” and the “Quantum Dawn 2 Cyber Attack Bank Drill.” According to a Bloomberg news clip on the bank drill, the attacks being prepared for are from hackers, state-sponsored espionage, and organized crime (financial fraud). One interviewee stated, “You might experience that your online banking is down . . . . You might experience that you can’t log in.” It sounds like a dress rehearsal for the Great American Bail-in.

– See more at: http://www.globalresearch.ca/martial-law-and-the-economy-is-homeland-security-preparing-for-the-next-wall-street-collapse/5353267#sthash.lnnurd8e.dpuf

Great Satire & Humor. It’s all a game. Notice the federal reserve hasn’t skipped a beat, because it’s a private banking cartel. Shut it dawn and we wouldn’t be in this mess.

Posted by Daniel Greenfield @ the Sultan Knish blog

The United States of America (1787-2013) came to a swift and sudden end last night as the government shut down. The nation which had survived Pearl Harbor, the War of 1812 and Jimmy Carter ceased to exist.

The savage population, which had only been kept in line through a policy of rigorous gun
confiscations, food stamps and Green Energy programs unleashed its pent up rage in a spree of riots, looting and mass murder that had only previously been encountered in Somalia.

“The government shut down! We can do anything we like,” shouted Sam Hasbley of Grassley, Iowa, while tearing the tag off a mattress despite an explicit warning label forbidding such a dangerous course of action. “Tear yours off. The government is shut down. It can’t stop you.”

Eyewitnesses spoke of further horrors. On a quiet street in suburban Massachusetts, a man brought out a set of highly illegal lawn darts. In Maryland, there were allegations that an entire family had begun digging ditches to collect rainwater runoff.

With the fall of the government, citizen activists took it upon themselves to chronicle the culture of lawlessness. Men played Gibson guitars made of wood imported from India, but not finished by Indian workers. Women bought cold medicine without a photo ID. Children went hours without hearing lectures about the environment.

The victims were many. In Chuckolod County, Colorado, a transgender person was denied access to the Ladies Room. Frantic calls to the Justice Department were forwarded to an answering service in Depar, India, instead of Doneparre City, Indiana. In Brooklyn, New York, an overweight Senegalese woman was unable to obtain a sign language interpreter while waiting on line to collect her free Obamaphone. In Olegon Falls, Florida, the National Museum of Native American Yarn was forced to shut down depriving schoolchildren of an educational experience and three hours throwing bits of yarn at each other.

And there was worse to come.

The entire city of Detroit was seized by the Michigan Militia backed by Canadian air power. The village of Frankfurt, Illinois passed several ordinances in explicit violation of Title MXVIII of the Federal Charter of Approved Fruit Naming Ordinances. North Dakota seceded and declared that it was now the nation of Bismarckia, elected a Kaiser and petitioned to join OPEC.

An army of Mongols or possibly local residents dressed in Samurai helmets raided the Federal Dried Peach Reserve in Georgia hauling away thousands of tons of dried fruit and tossed them to waiting crowds. The end of food stamps in Martho, New Jersey led to an outbreak of cannibalism despite efforts by ACORN volunteers to bring order to the proceedings by soliciting volunteers to give up their privilege and be fed to the people.

In Massey Hills, Virginia, a gang of politically incorrect sports mascots entered a workplace and implicitly hurt the feelings of several minorities. Their calls to the Justice Department were forwarded to Eric Holder’s private voicemail along with frequent messages from his coke dealer demanding to be paid, like right now, and requests for weapons manuals from several Mexican cartel bosses.

In Madison, Wisconsin, the entire United Organized Educators and Librarians Union attempted to commit mass suicide on the front lawn of the Madison Center of Union History to protest budget cuts and school closings. Their efforts proved in vain when the gasoline they poured on themselves in a failed attempt at self-immolation turned out to be apple juice.

In Caplow City, Maine, President Gerald Ford, long thought dead and believed to have been buried in Michigan, appeared and declared himself to be the nation’s new leader. While some suspect him to be an impostor based on the plastic texture of his mask which has a hastily erased message reading “Impeach Nixon” on the side, the city fathers have chosen to embrace the possibilities offered by Emperor Ford and have set him up in style in a presidential palace on the eight floor of the Caplow Arms Hotel.

In the midst of all this chaos, a weary nation’s eyes turn to Washington D.C. But since the shutdown, which also shut off all power, water and press releases to the embattled city, no word has reached the outside world of what is taking place there. The last message was a smoke signal dispatched by Elizabeth Warren from the roof of a burning Capitol Building. An expert in Native American smoke signals decoded it to read, “I told you so. Now we’re all doomed.”

The only surviving member of the national government outside the dead zone is believed to be Vice President Joseph Biden who showed up on a beach in Waddiddi, Florida, where he has spent hours entertaining himself by building an elaborate 1/100 scale model of the White House out of sand. Attempts to inform him that the tide was coming in have fallen on deaf ears.

As the nation descends into chaos, one thing is clear. The government shutdown has once again doomed us all. Just like the last 17 times.

If anything is reported by MSM you can count on it being worse than their telling you. The 2010 census claims that 1 in 2 are poor or living below the poverty line. Today the talking heads are saying the economy is not rebounding as fast or good as they had expected, go figure. The powers that be know the only way to save the US economy is another world war. Because the planet is now a global market other countries are worse off than here at home. There will be a “Problem – Reaction – Solution” event soon. They need a massive event to start a massive war. November 12 -13th the government is having a terrorist attack drill on the power grid. With numerous other drills the event has gone live i.e. WTC, London bombing, Sandy Hook, Boston marathon and others. IF the electric grid drill goes live expect power to be off for an extended length of time. Its not turning the power off that creates a problem, its turning it back on. We will have to wait and see how this drill plays out.

evictionnotice

Post at: http://www.independentsentinel.com

Usually when plans fail, the person-in-charge doesn’t double down and make it worse, but not so with Mr. Obama. He believes the reasons for the problems in the United States are not the result of his policies but the result of not enough of them, when he admits he has policies that is.

Take his latest record-breaking firsts and decide if you would like more.

1. The median income has dropped every year Mr. Obama has been in office. Since 2008, it has dropped $2,627. The total number of people living in poverty are 46,496,000, twice the population of Syria, reports CNS News

2. SNAP – food stamps – has a record number of American households enrolled according to CNS News reports. There are more people are on food stamps than all households in the Northeastern United States.

3. A record number $90,473,000 are now out of the work force in our country of a little over 300,000 million people. It is up 10 million under Obama.

4. Seven times as many part-time jobs for every full-time job were created under Obama, in no small part due to Obamacare which penalizes employers for giving more than 30 hours per week to employees by making employers pay for their healthcare.

5. The number of weeks on unemployment has gone from 19.8 weeks to 36.6 weeks thanks to the increase in the number of weeks people are allowed to collect. That was Mr. Obama’s solution to unemployment.

6. Black unemployment continues to go up. It rose to 13% last month.

7. The immigration bill pushed through the Senate claims that illegal aliens who are legalized will all have to get jobs but it leaves out the fact that the dependents of illegal persons, who will also be legalized by the bill, will not.

8. Under Obama, the increase in job employment was 52% greater for foreign-born workers than for native-born citizens in this country, reports CNS News.

9. McDonald’s is pleading for an exemption from the 30-hour work week, according to The Hill. Warren Buffet, a leading supporter and fundraiser for Barack Obama says we need to dump Obamacare and start over. Union leaders are demanding changes in the work week requirement under Obamacare. They are very concerned about the taxes of 40% to be levied on their Cadillac health insurance plans.

10. For the 1,000 straight day, gas has averaged over $3 a gallon. The AAA CEO said gas will never be below $3 a gallon again. The rapid increase in the Chinese economy, which we are helping to fuel, is partly responsible – law of supply and demand. It was $1.85 when Mr. Obama came into office.

11. Another record under Obama is the gap in employment rates with those earning less than $20,000 topping 21% almost matching that of workers during the Great Depression. The rich are getting richer under Obama. According to Business Insider, the net worth of the 7% richest American households rose in wealth by 28%, in no small part due to the $85 billion in QE bailouts Bernanke has pumped into the system, enabling Wall Street to capitalize on it, increasing their wealth. The middle class is eroding its wealth – 93% of American households lost under Obama.

12. Twenty-four years ago, the median income was more than $600 higher than it is now at $51,017.

13. Housing policies under Obama are not solving the problem. His interference in the housing market includes his Troubled Asset Relief Program. So far, since 2009, nearly half of the homeowners who re-negotiated their mortgages are now in default again, reports cnbc.

Bloomberg informs us that for blacks, 18 years of economic progress has vanished and the dream purchasing their own homes has slipped out of their reach. Their unemployment rate is twice that of whites. Homeownership for blacks has fallen from 50% to 43% last quarter. The rates for whites has stopped falling.

Blacks were hit harder by the housing bubble. The reason is somewhat complicated. Almost 40% of borrowers took out loans they couldn’t afford with minority home purchasing helped along with reduced eligibility requirements for credit scores and down payments. They received lower interest rates than non-minorities.

The Fair Housing Act of 1968 and the Equal Credit Opportunity Act of 1974 banned discrimination in lending and home sales based on race and national origin. In 1977, the Community Reinvestment Act bolstered that by guaranteeing banks would actively loan money to ‘credit-worthy borrowers’ in low-income areas.

Obama’s first programs to help homeowners was to spin off with loan modifications, refinancing into lower-cost loans and billions in funding with 60% used in minority areas. The plan was to rebuild uninhabitable homes for first-time buyers in poor neighborhood and high crime areas like the south side of Chicago and Baltimore. The trouble is they are still poor, high-crime areas which are the reasons they are still defaulting.

The Obama administration is blaming banks for their ‘predatory’ lending practices because the homes are going into default and the banks loaned money to people who couldn’t keep up the payments even with all the modifications and assistance. On the other hand, if they don’t do it, they are accused of discrimination and are subjected to a negative PR blitz aimed at destroying non-compliant banks.

The people in these communities need jobs, the children need to stay in school, the gangs need to be broken up, and they need functioning parents.

Mr. Obama has yet another plan to solve the problem of minority home ownership. He will accelerate his social engineering plans even though they haven’t worked so far. He is now mapping every neighborhood in the country and will redistribute the assets of the areas that are not poor to the poor by giving the poor access to schools, homes, and whatever else he can come up with in the more fortunate areas.

14. Our nation, according to the recently released report by the CBO is on an unsustainable path. Mr. Obama will not address the real problem – entitlements. In fact, he’s added more, including Obamacare. We now have to pay for everyone’s every medical need. Instead of devising a plan to help Americans with catastrophic care, Mr. Obama destroyed our entire medical system.

15. Enrollment in Social Security Disability now outpaces job growth. The SSA has lowered the standards to collect. They now include back problems, stress-related illnesses, and people who are bipolar.

16. Fifty-three percent of all Americans now make less than $30,000 per year.

17. Manufacturing jobs have gone from 12.5 million jobs to 11.9 million. Many jobs are going to China. In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars. Check out more on the economic collapse blog.

18.Under Mr. Obama, the federal government has accumulated more debt than under the first 42 presidents combined.

19. In August 2011, Mr. Obama saw the first downgrade of the US credit rating in our history for failing to cut spending or raise revenue. He certainly does do his best to raise revenue through taxation, I will give him that.

20. Mr. Obama is arming terrorists in Syria. You want to know how I know? He had to lift the ban on supplying arms to terrorists to supply our ‘allies’ in Syria. The Washington Examiner has that story.

21. In three years, Mr. Obama played over 100 rounds of golf. That has to be some kind of first for a president. He is going to surpass his own golfing record of 2011 this year. He particularly likes to play during times of crisis and that might be why his number of golfing excursions is picking up.

I don’t know about you but, there have been so many lies coming out of the capital hard to say there is any truth remaining. The country can not bear another war in Syria and anybody in congress that thinks we do, well they can pack up their families members of age and head to the front. I’m sure DoD will supply them with the needed gear and some MRE’s. Send in the longest elected members of congress first. We already know they have done the most damage here and I’m sure they can really fu*k thinks up there as well.

We’ve seen this type of thing before and it is usually becomes known to be a planned event to promote an agenda.

Having the ability to print up huge piles of fiat $$ plays a big part in any bankers war.

confidencial head

Everyone knows the story of the boy who cried wolf, that’s the problem with the US regime. You can only lie so many times before no one will believe you ever again. Another problem is the White House keeps telling bigger lies to cover up the previous lies. Russia, China and all other important countries are well aware of the pack of lies coming forth from the WH and Israel. Will the high level politicians ever come forward and tell the people “We’ve been lying to you for decades, we will no longer try and gain your support by lies, fabrications and misinformation utilizing the controlled mass media.” Of course not, they will keep lying because they know no other way to keep themselves in power.
This below video gives a good idea of the back room deals and the lies that create a slave race, you. But, knowing a little bit about Palast is he trying to make us look over here while something worse is happening over there, like WW III?

White House’s war lies may backfire on beleaguered administration

Global Times | September 11, 2013 23:08
By Clifford A. Kiracofe

Although US President Barack Obama said Tuesday that diplomatic options suggested by Russia to solve the Syrian chemical weapon crisis would be pursued, the damage done by the US beating the drums of war has already been done.

The use of propaganda in wartime is nothing new. From experience with Washington’s lies during former president George W. Bush’s Iraq War, the international community knows the US cannot be trusted.

The Bush administration knowingly and systematically circulated false stories about weapons of mass destruction (WMDs) allegedly possessed by Saddam Hussein’s Iraq.

Washington’s outrageous claims such as supposed uranium “yellowcake” from Niger being transferred to Iraq proved false. Claims about “aluminum tubes” for rocket production proved false. Claims about chemical warfare and WMDs raised by then secretary of state Colin Powell at the UN proved false.

The broader pattern of Western deception for the Iraq War included falsified “intelligence” reports from the UK ordered by then prime minister Tony Blair. Parliament in its subsequent investigations of the “dodgy dossier” intelligence manipulation revealed Blair’s lies.

Investigations of the British claims revealed that Israeli institutions, including the Herzliya research complex, played an important role in creating these false British and US reports.

Today in the case of Syria, the world is experiencing the same spectacle of US, British, and Israeli propaganda and deception. The players remain the same and the pattern of lies and deception is the same.

In the present case, the White House bases its case of the Syrian use of WMDs primarily on a single “intercept” of an unencrypted Syrian military voice communication. Washington alleges that this intercept proves the Syrian military used WMDs against civilians.

But what are the facts? Official Washington carefully avoids identifying the source of the intercept and hides it under the rubric of classified information because, critics say, the source of this intelligence report is Israel.

Experienced retired US intelligence officers believe that Israel is once again playing false with information so as to influence the West to go to war in the Middle East. Reports say that the alleged electronic intercept of a conversation between Syrian military personnel was fielded by Unit 8200 of Israeli military intelligence, which specializes in signals intelligence.

Some US experts believe that this alleged intercept, if it even exists, was doctored by the Israeli government so as to “prove” Syrian government complicity in WMD attacks.

Former British ambassador Craig Murray raises additional questions about the Israeli report.

He claims that the powerful British electronic intelligence center for the region, located on Mount Troodos in Cyprus, has no such intercept from its own monitoring.

He says that this center has such powerful capabilities that no electronic communications in the Middle East can escape it.

In addition to the Israeli allegation, the White House says it has obtained materials from the scene of the recent attack in Syria which “prove” the nerve agent Sarin was used.

From whom did the US obtain such contaminated materials? The Obama administration refuses to identify the source and chain of custody of the materials.

Given Washington’s transparent propaganda campaign, it is not surprising that some leaders around the world express grave doubts about US allegations. Russian President Vladimir Putin forthrightly calls such propaganda “lies.” Many Americans, including senators and congresspersons, would agree with him.

It is significant that the US Intelligence Community (IC) so far is not on public record supporting the Israeli allegations. The US IC apparently cannot assess with high confidence this Israeli reporting.

This is why the Obama administration had to issue its own politicized report on alleged Syrian WMD use from the White House.

The White House made a major political mistake engaging in such blatant deception of the American people and the international community.

The recent turnabout may mean no strikes, but the harm to US credibility has already been done.

It certainly doesn’t look like its going to be all peaches and cream in the near future. When tyranny becomes law – revolution becomes duty but, I’m concerned the PTB won’t allow it to go that far. If guns aren’t confiscated the false flag or planned event will have to huge. So huge the people won’t know up from down. It’ll be so horrific all you can do is worry about you and your family surviving day to day. Like iv said before is Janet’s grandmother instinct showing with giving us a warning of what’s to come. Always be prepared good people.

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!

How STUPID am I ? Very !

Another WAR, a cat couldn't scratch this smile off my face

Another WAR, a cat couldn’t scratch this smile off my face

 

It appears our illustrious prez thinks the people of the US are as stupid as he is. If he’s so gung -ho give him a 22 and a plastic helmet and let him personally go fight in Syria. Same goes for Israel leaders, after firing rockets into Syria. Russia has said the Israelis fired first trying to provoke war.

The polls are lopsided against another war in the middle east.

Syria poll

Remember the only people that win in war are the bankers. I have a bad feeling this operation will escalate into higher gas prices which will cause everything else to skyrocket.
Also the US used Agent Orange and Napalm in Viet Nam and the Israelis used White Phosphorous on Palestine, both on innocent people.

Little girl screaming too hot, too hot - 41 years ago.

Little girl screaming too hot, too hot – 41 years ago.

 

“The will of the people is the law of the land.” — Democratic President Harry Truman

This may be taking it to the extreme but these days you never know what could happen over a few months.

BE PREPARED

BE PREPARED

Originally posted at: Alt-Market.com
For years now at Alt-Market (and Neithercorp.us) I have carefully outlined the most likely path of collapse to take place within the U.S., and a vital part of that analysis included economic destabilization caused by a loss of the dollar’s world reserve status and petro-status. I have also always made clear that this fiscal crisis event would not occur in the midst of a political vacuum. The central banks and international financiers that created our ongoing and developing disaster are NOT going to allow the destruction of the American economy, the dollar, or global markets without a cover event designed to hide their culpability. They need something big. Something so big that the average citizen is overwhelmed with fear and confusion. A smoke and mirrors magic trick so raw and soul shattering it leaves the very population of the Earth mesmerized and helpless to understand the root of the nightmare before them. The elites need a fabricated Apocalypse.

Enter Syria…

I have been warning about the Syrian trigger point for a very long time. Syria’s mutual defense pact with Iran, its strong ties to Russia, the Russian naval base off its coast, the advanced Russian weaponry in it’s arsenal, its proximity to vulnerable oil shipping lanes, all make the nation a perfect catalyst for a global catastrophe. The civil war in Syria is already spreading into neighboring countries like Iraq, Jordan, and Lebanon, and if one looks at the facts objectively, the entire war is a product of covert action on the part of the U.S. and its allies.

The U.S. trained, armed, and funded the insurgency using Al Qaeda operatives. Saudi Arabia has sent funding and arms as well. Israel has aided the rebels using air strikes within Syria’s borders (even though this means that the Israeli government is essentially helping their supposed mortal enemies). This war would NOT be taking place today without the express efforts of the West. Period.

If one takes more than a brief examination of the Syrian insurgency, they would find an organization of monsters. Wretched amoral wetwork ghouls whose crimes have been thoroughly documented, including the mass executions of unarmed captured soldiers, the torture and beheading of innocent civilians, the mutilation and cannibalism of dead bodies, and the institution of theological tyranny on a terrified populace. The U.S. created and unleashed these demons, and now, we the people are being asked by the White House to support them through force of arms.

But what is the goal here…?

The goal, I believe, is to utterly transform the world’s political, economic, and social systems. The goal is to generate intense fear; fear that can be used as capital to buy, as the globalists call it, a “new world order”. Syria is the first domino in a long chain of calamities; what the Rand Corporation sometimes refers to as a “linchpin”. As I write this, the Obama Administration is moving naval and ground forces into position and clamoring in a painfully pathetic fashion to convince the American public that 90% of us are “wrong” and that a strike on Syria is, in fact, necessary. It appears that the establishment is dead set on starting this chain reaction and accelerating the global collapse. So, if a strike does occur, what can we expect to happen over the next few years? Here is a rundown…

1) Many U.S. allies will refrain from immediate participation in an attack on Syria. Obama will continue unilaterally (or with the continued support of Israel and Saudi Arabia), placing even more focus on the U.S. as the primary cause of the crisis.

2) Obama will attempt to mitigate public outcry by limiting attacks to missile strikes, but these strikes will be highly ineffective compared to previous wars in Iraq and Afghanistan.

3) A no fly zone will be established, but the U.S. navy will seek to stay out of range of high grade Russian missile technology in the hands of Syria, and this will make response time to the Syrian Air Force more difficult. Expect much higher American naval and air force casualties compared to Iraq and Afghanistan.

4) Iran will immediately launch troops and arms in support of Syria. Syria will become a bewildering combat soup of various fighting forces battling on ideological terms, rather than over pure politics and borders. Battles will spread into other countries, covertly and overtly, much like during Vietnam.

5) Israel will probably be the first nation to send official ground troops into Syria (and likely Iran), citing a lack of effectiveness of U.S. airstrikes. American troops will follow soon after.

6) Iran will shut down the Straight of Hormuz sinking multiple freighters in the narrow shipping lane and aiming ocean skimming missiles at any boats trying to clear the wreckage. Oil exports through the straight of Hormuz will stop for months, cutting 20% of the world’s oil supply overnight.

7) The Egyptian civil war, now underway but ignored by the mainstream, will explode due to increased anger over U.S. presence in Syria. The Suez Canal will become a dangerous shipping option for oil exporters. Many will opt to travel around the Horn of Africa, adding two weeks to shipping time and increasing the cost of the oil carried.

8) Saudi Arabia will see an uprising of insurgency that has been brewing under the surface for years.

9) Gasoline prices will skyrocket. I am predicting a 75%-100% increase in prices within two-three months of any strike on Syria.

10) Travel will become difficult if not impossible with high gasoline costs. What little of our economy was still thriving on vacation dollars will end. Home purchases will fall even further than before because of the extreme hike in travel expenses required for families to move.

11) Russia will threaten to limit or cut off all natural gas exports to the EU if they attempt to join with the U.S. in aggression against Syria. The EU will comply due to their dependency on Russian energy.

12) Russia will position naval forces in the Mediterranean to place pressure on the U.S. I feel the possibility of Russia initiating direct confrontation with the U.S. is limited, mainly because countries like Russia and China do not need to engage the U.S. through force of arms in order to strike a painful blow.

13) China and Russia will finally announce their decision to drop the dollar completely as the world reserve currency. A process which already began back in 2005, and which global banks have been fully aware of for years.

14) Because of China’s position as the number one exporter and importer in the world, many nations will follow suit in dumping the dollar in bilateral trade. The dollar’s value will implode. China, Russia, and the war in Syria will be blamed, and global banks including the Federal Reserve will be ignored as the true culprits.

15) The combination of high energy prices and a devaluing dollar will strike retail prices hard. Expect a doubling of prices on all goods. Look for many imported goods to begin disappearing from shelves.

16) Homelessness will expand exponentially as cuts to welfare programs, including food stamps, are made inevitable. However, welfare will not disappear, it will merely be “adjusted” to fit different goals. The homeless themselves will be treated like criminals. The roaming bands of jobless drifters common during the Great Depression will not exist during a modern crisis. State and Federal agencies will pursue an “out of sight, out of mind” policy towards the indigent, forcing them into “aid shelters” or other bureaucratic contraptions designed to conditioning the homeless to accept refugee status, making them totally dependent on federal scraps, but also prisoners on federally designated camps.

17) Terrorist attacks (false flag or otherwise) will spread like wildfire. Israel is highly susceptible. The U.S. may see a string of attacks, including cyber attacks on infrastructure. Syria and it’s supporters will be blamed regardless of evidence. The White House will begin broad institution of authoritarian powers, including continuity of government executive orders, the Patriot Act, the NDAA, etc.

18) Martial Law may not even be officially declared, but the streets of America will feel like martial law none the less.

19) False paradigms will flood the mainstream as the establishment seeks to divide American citizens. The conflict will be painted as Muslim against Christian, black against white, poor against rich (but not the super rich elites, of course). Liberty Movement activists will be labeled “traitors” for “undermining government credibility” during a time of crisis. The Neo-Conservatives will place all blame on Barack Obama. Neo-Liberals will blame conservatives as “divisive”. Liberty Movement activists will point out that both sides are puppets of the same international cabal, and be labeled “traitors” again. The establishment will try to coax Americans into turning their rage on each other.

20) The Homeland Security apparatus will be turned completely inward, focusing entirely on “domestic enemies”. The domain of the TSA will be expanded onto highways and city streets. Local police will be fully federalized. Northcom will field soldiers within U.S. border to deal with more resistant quarters of the country. Totalitarianism will become the norm.

What Can We Do Right Now?

The level of collapse, I suspect, will not be total. The government is not going to disappear, rather, it will become more dominant in its posture. Certain sections of the country will be maintained while others fall apart. The IMF will move in to “help” the ailing U.S. economy by tying funding to the SDR (Special Drawing Rights). America’s economy will be absorbed by the IMF. Constitutional protections will be fully erased in the name of reestablishing “law and order”, with the promise that the loss of our civil liberties is “only temporary”.

If the U.S. strikes Syria, and refuses to disengage, these things WILL happen. So, the next question is what can we do about it?

1) Given that this crisis is going to be riding a wave of extremely high energy prices, every single Liberty Movement activist (and every American for that matter) should be stockpiling energy reserves. Motor oil, gasoline (with gas saver), diesel fuel, propane, etc. should be at the top of your list right now. A generator should be next. Prices are only going to rise from here on out. Buy reserves now, before it is too late.

2) Everyone in the Liberty Movement should have at least minimal solar power capability. A couple of 100 watt panels, an inverter, a charge controller, and two-four deep cycle batteries can be had for under $1000. You may not be able to run your house on it, but you can at least charge important electronics, run a well pump, run some lights, a security system, etc.

3) The internet as we know it will no longer exist. The White House will apply preexisting executive orders on U.S. communications to restrict internet use, or, a convenient cyber attack will take place, opening the door for federal controls. The web will likely still operate, but only as a shell of its former greatness. Certain sites and email providers will be designated “safe”, while others will be designated “unsafe”. This leaves a gaping hole in our society’s ability to communicate information quickly and efficiently, and, it removes the alternative media from the picture. The best solution I can present for this problem is Ham Radio, which is very difficult for the establishment to shut down. Ham Radio communication chains could take the place of the internet as a lower-tech but useful means of spreading information across the country. In the next few months, EVERYONE in the Liberty Movement should have a Ham Radio set, or handheld model, and they should know how to use it.

4) Harden your home during the next few months. Place security bars on windows, and replace weak doors with steel core doors. An internal lock bar will still frustrate entry by those who might blast hinges. Add a fire suppression system for good measure. This might sound like overkill, but if you want to be able to sleep at night during such an event, you must make your home your castle. No one should be able to enter your house without your permission.

5) Learn a useful trade right now. If you don’t already know how to produce or fix a necessary item or commodity, take the next six months to learn how. If you don’t know how to teach a valuable skill, get to work. Barter and trade will become the primary method of economy during a dollar collapse. Make sure you are sought after within your local economy.

6) Cache items before winter begins. Do not assume you will be able to stay on your homestead indefinitely. There are no guarantees during collapse. A wildfire could reduce your neighborhood to ashes in hours. Your home could be overrun. Make sure you have secondary supplies in a safe location just in case.

7) Find two friends (or more) right now that are willing to coordinate with you in the event that the worst happens. This means mutual aid and defense. This means predetermined arrangements for supplies, communications, meeting spots, and security. Do it now. Do not wait until our situation worsens.

8) Buy six months worth of food over the course of the next two months. Bulk food, freeze dried, MRE’s, whatever. Just buy it. Have a lot of food already? I don’t care. Buy six more months of supplies now. You’ll thank me later.

9) Cultivate nutrient rich soil before winter begins. Buy a truckload of planting soil and manure and create a garden space if you have not already. Purchase extensive seed storage. Compile books on growing methods.

10) Gauge the temperament of your neighborhood. If all of your neighbors are mindless brain eating zombies, then perhaps it would be better to share a home with a prepared family member in another region now. If not, then start a neighborhood watch. Two or three families working together is far stronger than only one, and can change the temperament of an entire block of homes.

11) Train for tactical movement over the next three months. Learn how to move, shoot, and communicate as a team. Learn your strengths and weaknesses today or suffer the consequences tomorrow.

12) Prepare yourself mentally for conflict and self defense. Sign up for at least six months of hand to hand defense training. Learn how to deal with the mental and emotional strain of another person trying to harm you. Get used to the idea, because where we’re headed, someone, at some point, will probably want to do you in. Always maintain your conscience and your principles, but never allow yourself to become a victim.

The Tension Is Palpable

As I have said many times before, a fight is coming. There is no way around it. But this fight must be fought intelligently, and we must never forget who the REAL enemy is.

If a revolution ensues and Obama loses control, the establishment could simply trigger a Neo-Con or military coup in order to placate the masses and fool Constitutionalists into believing they have been saved. Useless solutions will be presented to the people, including new leadership composed of more old guard elitists, a disastrous Constitutional Convention, or limited secession (which will never be honored by the establishment anyway). The purpose of these false solutions will be to fool you into relaxing your vigilance, distracting you from seeking justice against globalist organizations, or, to redirect your energies away from self sufficient communities, counties, and states, ready to dispel aggressive establishment elements.

Beware of those who grasp too readily for leadership over you. Real leaders stand as teachers, not oligarchs, and rarely do they take on the role without considerable reservations. Never trust anyone who does not immediately back their promises with tangible action. And, never forget that we fight not just for the removal of one particular tyrant, but for Constitutional liberty itself. One must follow the other, or there has been no victory.

Though it is depressingly difficult to see in times like these, there is indeed good in this world. There are ideals, and aspirations, and visions, and loves worth standing up for, worth fighting for, and worth dying for. There is still a future worth striving for at the end of the long night. There are dreams here, in the hearts of men, worth realizing. We do not necessarily battle for what humanity is, but for what we have the potential to become. The tides of society may shift and storm, the chaos may become unbearable, and the world may tear apart until it is unrecognizable. The agents of dominion believe they are the only constant, but there is another. In time, the dim pale of tyranny will always break in the light of freedom’s resolute. Get ready, honorable Liberty Movement, our work has just begun.

The water is starting to boil and soon it will boil over. The economy is already past the point of no return and the FED and central bankers are well aware. Something has to break, this will most likely be the people. As Iv said before I give it until mid 2015 but quite possibly sooner. All depends when they show their cards.

All indicators are pointing to an event occurring this fall. The gun bill, UN arms treaty are all pending in the senate sitting there waiting for something to happen, the FED and financial institutions are continually reminding the world that the BIS wants all central banks to taper come this fall to avoid massive bubbles they are creating and to avoid an economic collapse.

War is coming to cover up the economic collapse

1. The paid mercenary (syrian free army) are losing ground and Assad’s army has retaken the city of Homs and now moving onto Aleppo.

2. The US has been holding aerial drills with Israel

3. Israel has been conducting nighttime parachute drills

4. The fiscal year for providing the paid mercenaries with weapons ends Sept 30.

5. The US government has been strategically preparing for WWIII. Biden says the US will remain in the Asia-Pacific region. They are creating an Arc around China by positioning military assets around the pacific. America’s most capable all-around air weapon, the F-35, will be deployed first in the Pacific once it achieves Initial Operating Capability (IOC), Carlisle said. Air Force F-35s probably will head to four bases: Misawa, Japan; Kadena, Japan; Osan Air Base, Korea; and Kunsan Air Base, Korea.

6. The US government is now providing Philippines with military assets in exchange for the use of the island to rotate US armed troops and equipment to secure the pacific region from threats.

7. Japan now has the authority to act against China if provoked.

8. Israel’s navy is now installing a new defense system on its missile boats, the Barak eight systems on its Saar 5 missile boats that would protect them from the feared Yakhont Russian anti-ship missile

9. The Russian have setup a base in Armenia and installed missiles that can reach Syria

10. Russia are quietly trying to renew their request to set up an air and naval base in Cyprus with the goal of being better able to deploy troops to Syria

11. We have seen countless drills, US and Japan, US and South Korea, US and Israel, Russia and China all countries flexing their muscles.

12. Japan just built the largest warship since world war II. They started building this ship in 2009 and now it is complete just in time and it just so happens that Japan a pacifist country (strongly and actively opposed to conflict and especially war) needs a warship of this magnitude.

Part 1 Of The Economic Collapse This Fall

As we know the central bankers are in a tough spot, if they continue with the money printing the bubbles they are creating are going to eventually pop and the world will see an economic collapse like it has never seen before. If the central bankers ease off and start to taper the world will see an economic collapse, not as bad as all the bubbles popping at once but bad enough that people will want to blame someone for this collapse. The advantage that the central bankers see by tapering is that they think they have control over the collapse. Leading up to the first part of the collapse the US government has been working hard to remove the people’s rights and to put into place security to control the people during this period.

1. Rights of the people have been completely taken away

2. NSA spying on all Americans, tracking keeping tabs on everyone and placing them on lists to be dealt with during the collapse.

3. DHS in place to deal with the American people when the collapse occurs.

4. The US government has succesfully passed laws that take the rights away from the people. The NDAA, Patriot Act, Miranda Exception Rule, Declaring whistle-blowers as traitors etc. The Gun Bill and UN arms treaty that are pending in the senate waiting for the right event to have these passed will allow the government control over the one thing they are most scared of, an armed people.

5. The government needs to control the flow of information, they already control the mainstream media the internet is the prize. With the executive order taking control over all communications ans CISPA pending in the senate, which is waiting for an event to occur so it will be passed will give the government complete control over the internet and they will have the ability it down whenever they need to.

The FED along with the government will proceed with tapering in the fall, all indicators will show that the economy is improving, unemployment, GDP and inflation look good. The FED will announce that they will start to taper and before they have the ability to there will be some type of false flag event that will occur. It could be a cyber attack on the banks. Using a cyber attack from another country will allow the banks to close, bail-ins to occur and the entire collapse can be blamed on another country such as Syria. The focus would be off of the US and the FED and the blame shifted away to another country. To remedy this situation the FED will now need to increase the amount of QE to two times the current amount. Now the FED will be monetizing the debt at a rate of a 170 billion a month.

During this time the US government will now have what it needs to wage war on Syria since they are the cause of the economic collapse of the US. The banks would now need to freeze bank accounts and since bailouts are not allowed under the Resolving Globally Active, Systemically Important, Financial Institutions document. Many of the banks have changed their TOS and they are not responsible for money that is lost due to cyber attacks and the officers and representatives can not be held responsible.

As the US prepares for war, the US economy and the world starts to degrade and goes into a depression spiral. War starts to breakout all over the world, Russia, China, Japan, North Korea and other nations get involved. WWIII has begun and it allowed the economic collapse to be covered up.

Read more at http://investmentwatchblog.com/us-economy-is-on-the-edge-time-is-running-out-to-start-a-new-war/#YVSjyagfgQSJVisK.99

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

Get ready, this might be the big one. You know, the start of the one world currency bankster monopoly. I’m sure it’ll still be a money from nothing scam, more pieces of paper that in reality are worthless.

Listen to Ms. Hudes closely, what she is stating is outrageous and damming. With a big BUT, listen to what she says toward the end. Is she being allowed to say all this to promote a one world currency? I don’t know but, the powers that be have been perpetrating this money junkie scam for decades. What you think you have and what you really have are two different things. I’m sure your all well aware if you don’t pay your taxes to the strong arm of the fed (irs) they will come and take everything you paid to much for as a banker slave.

The cost for farming, manufacturing and services should have declined due to technology which saves time and money but, have increased enormously since 1913. The value of the USD has declined due to manipulation of the system. The dollar was once worth a dollar in precious metal, today its worth about 2 cents in the same metals, thanks to the federal reserve act. Where has all this wealth vanished too? Wait a sec, I’ll bet Leahy got some, he certainly knows the game by now.

At 1:45 she states who she gave this information to. Does the name Leahy ring a bell?

 

 

The Money Machine

The Money Machine

This isn’t new news; the only part that is new is that an official of the World Bank is coming forward to spill the beans. In the past the world bankers attempted the control of US funds but failed because our elected officials still had compassion and morels toward their contingents. By December 1913 the banksters got a break and created the privately owned Federal Reserve. Of course they swore up and down this would stabilize our economy, right. The act just gave them the ability to create booms and busts to their advantage. This corruption and lawlessness doesn’t stop with the world bankers, they have bought 90% of the world governments including most of ours.

I hope Ms. Hudes has a Kevlar vest and armed body guards because anybody that has tried to bring the world bankers into the open normally has one foot in the grave. I wouldn’t be a bit surprised if we don’t hear she committed suicide by shooting herself in the back of the head twice and then hanging herself.

I would have linked to this article but, I read so much I can’t remember where it came from. If I find it I’ll post it.

World Bank Insider Blows Whistle on Corruption, Federal Reserve

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.

“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”

The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox. Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”

Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system…. It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.