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"The Great Collapse has already begun."
Doh! I thought the article was about the gold market! LOL
"Indeed, the vast majority of US economic growth over the last 40 years has been fueled by the Fed’s loose money policies."
I would like to correct this statement to read: "Indeed, the vast majority of US economic growth over the last 40 years has been fueled by cheap fossil fuels."
Infinate economic growth is impossible on a finite planet.
It is really bad out there, but I do not think that a collapse is coming. In fact, the opposite is becoming true. The U.S.A. will end up coming out of this mess stronger than ever, as its competitors in Europe and Asia strugle to avoid their own collapse. It has the advantage that it went first into it and now recovering, while the rest of the world weakens.
admin at http://invetrics.com
Yes, indeed we will...the United States is slopping over with wealth, all of it locked away by insane economic policies coupled with moral degeneration. A bit fo economic sanity, a bit of moral scruples, and we'll be back on top in no time...and the lesson we're about to learn, even if its not a complete collapse, will hurry along these two necessary changes.
“To some this downturn may seem like a destructive event, the economic crisis is actually a constructive event that paves the way for the future [silver, gold, bitcoin] … The stability of several major European banks has been seriously threatened and government leaders are in constant teleconferences to discuss how to halt the crisis. The US, on its part, has lost its status as AAA and 7 trillion dollars of stock value has gone up in smoke … Yet, a downgrading of the US creditworthiness and the loss of 7 trillion dollars of stock value really does not mean anything except that the numbers associated with certain papers have been depreciated. It is thus essentially correct when commentators say that so far the crisis has not had any effect on the ¨real economy.¨ The recent fall in the markets simply shocked the mental duality between abstract values and real values. There is however no reason to expect that it will be possible to limit the crisis to the ¨unreal economy¨. Thus, I expect that now also the real economy will be hit. How quickly this will actually manifest is hard to tell but I expect that events will lay the foundation for massive unemployment in many major Western countries (It is of course high already, but for many it has still been possible to keep on with the previous lifestyle). I also expect that there will be a large runaway from the stock markets and the stability of currencies will be negatively affected to a point where new radical solutions need to be considered … I think it is realistic that there will be some kind of political reaction to the developing chaos” - Carl Calleman
you mind posting a larger image of that cited chart? i can't find it on the link provided.
I like this guy, he's so cheery and positive about America, it makes me want to help a little old lady across the street or rake up the leaves at the park.
I predict that Graham will shit himself splatter his display and end up in a little box, his head sticking out of a cat cadavre sphincter with the dish of poison spilled everywhere while his gold leprechauns shit out perfect doomsday pastries.
The Pheonix Capital Idiocy Has Officially Been Labelled As Such!~
Yay, finally someone looks at GDP in "real" terms! I am holding my breath to see this chart on CNBC:)
SO what should we do in lite of your breaking news.
I for one will close my computer down and go watch more tv, put on some weight, and go to work as usual. I think alot of this bullshit the author is slinging is nothing new. Fear mongering doesn't last, sounds like you work for fox news, fair and balanced.
Yeah - everything is just fine and the recovery is right around the corner - right after the Bush tax cuts expire at the end of 2012.
And in other breaking news, unicorns were seen in the sky making rainbows and dropping colored skittles on the children below! Jesus Graham you left out the part about aliens invading earth in 2012 and killing everyone!
Good Lord! The American economy has operated this way since the day after the Declaration of Independence was signed and probably before. In the 1870s, during the railroad expansion which caused the "Panic of 1873", Congressmen were handing out shares in railroad companies to other Congressmen to get their votes. This isn't new.
What is NEW is the polarizing of American society caused by instant communication. Anyone can post anything anywhere just about whether it is true or not. People are afraid of calling themselves moderates because their views will be distorted by those on the extremes. So there is no center any longer - just extreme right and extreme left.
That will last another decade, or as long as they can kick the political can down the road, and then people will begin to understand that in order to survive we have to learn to live with each other despite our disagreements.
My prayer is that it does not take another world war to help us get to that point.
this country was designed to fail from the start. so it is now failing. whatever freedoms(if you want to call it that) that we have "enjoyed" were just irritating but necessary and unwanted side effects that the owners had to put up with in order to succeed in their overall world goals. alexander hamilton, the first treasury secretary , who was a jewish man who changed his name when he moved to this new land from the west indies where his parents were involved in the transatlantic slave trade, said one time, that it would take 200 years before the united states would fall under world government. of course he was just a tad off in his prognostications. such is life in this gulag.....
The Greatest Hoax
Who Owns You?
1. The IRS is not a U.S. Government Agency. It is an Agency of the IMF. (Diversified Metal Products v. IRS et al. CV-93-405E-EJE U.S.D.C.D.I., Public Law 94-564, Senate Report 94-1148 pg. 5967, Reorganization Plan No. 26, Public Law 102-391.)
2. The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. Pg. 816)
3. The U.S. Has not had a Treasury since 1921. (41 Stat. Ch.214 pg. 654)
4. The U.S. Treasury is now the IMF. (Presidential Documents Volume 29-No.4 pg.113, 22 U.S.C. 285-288)
5. The United States does not have any employees because there is no longer a United States. No more reorganizations. After over 200 years of operating under bankruptcy its finally over. (Executive Order 12803) Do not personate one of the creditors or share holders or you will go to Prison.18 U.S.C. 914
6. The FCC, CIA, FBI, NASA and all of the other alphabet gangs were never part of the United States government. Even though the "US Government" held shares of stock in the various Agencies. (U.S. V. Strang , 254 US 491, Lewis v. US, 680 F.2d, 1239)
7. Social Security Numbers are issued by the UN through the IMF. The Application for a Social Security Number is the SS5 form. The Department of the Treasury (IMF) issues the SS5 not the Social Security Administration. The new SS5 forms do not state who or what publishes them, the earlier SS5 forms state that they are Department of the Treasury forms. You can get a copy of the SS5 you filled out by sending form SSA-L996 to the SS Administration. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2) Read the cites above)
8. There are no Judicial courts in America and there has not been since 1789. Judges do not enforce Statutes and Codes. Executive Administrators enforce Statutes and Codes. (FRC v. GE 281 US 464, Keller v. PE 261 US 428, 1 Stat. 138-178)
9. There have not been any Judges in America since 1789. There have just been Administrators. (FRC v. GE 281 US 464, Keller v. PE 261 US 428 1Stat. 138-178)
10. According to the GATT you must have a Social Security number. House Report (103-826)
11. We have One World Government, One World Law and a One World Monetary System. *
12. The UN is a One World Super Government. *
13. No one on this planet has ever been free. This planet is a Slave Colony. There has always been a One World Government. It is just that now it is much better organized and has changed its name as of 1945 to the United Nations. *
14. New York City is defined in the Federal Regulations as the United Nations. Rudolph Gulliani stated on C-Span that "New York City was the capital of the World" and he was correct. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2)
15. Social Security is not insurance or a contract, nor is there a Trust Fund. (Helvering v. Davis 301 US 619, Steward Co. V. Davis 301 US 548.)
16. Your Social Security check comes directly from the IMF which is an Agency of the UN. (Look at it if you receive one. It should have written on the top left United States Treasury.)
17. You own no property, slaves can't own property. Read the Deed to the property that you think is yours. You are listed as a Tenant. (Senate Document 43, 73rd Congress 1st Session)
18. The most powerful court in America is not the United States Supreme Court but, the Supreme Court of Pennsylvania. (42 Pa.C.S.A. 502)
19. The Revolutionary War was a fraud. See (22, 23 and 24)
20. The King of England financially backed both sides of the Revolutionary war. (Treaty at Versailles July 16, 1782, Treaty of Peace 8 Stat 80)
21. You can not use the Constitution to defend yourself because you are not a party to it. (Padelford Fay & Co. v. The Mayor and Alderman of The City of Savannah 14 Georgia 438, 520)
22. America is a British Colony. (THE UNITED STATES IS A CORPORATION, NOT A LAND MASS AND IT EXISTED BEFORE THE REVOLUTIONARY WAR AND THE BRITISH TROOPS DID NOT LEAVE UNTIL 1796.) Respublica v. Sweers 1 Dallas 43, Treaty of Commerce 8 Stat 116, The Society for Propagating the Gospel, &c. V. New Haven 8 Wheat 464, Treaty of Peace 8 Stat 80, IRS Publication 6209, Articles of Association October 20, 1774.)
23. Britain is owned by the Vatican. (Treaty of 1213)
24. The Pope can abolish any law in the United States. (Elements of Ecclesiastical Law Vol.1 53-54)
25. A 1040 form is for tribute paid to Britain. (IRS Publication 6209)
26. The Pope claims to own the entire planet through the laws of conquest and discovery. (Papal Bulls of 1455 and 1493)
27. The Pope has ordered the genocide and enslavement of millions of people. (Papal Bulls of 1455 and 1493)
28. The Pope's laws are obligatory on everyone. (Bened. XIV., De Syn. Dioec, lib, ix., c. vii., n. 4. Prati, 1844)(Syllabus, prop 28, 29, 44)
29. We are slaves and own absolutely nothing not even what we think are our children. (Tillman v. Roberts 108 So. 62, Van Koten v. Van Koten 154 N.E. 146, Senate Document 43 & 73rd Congress 1st Session, Wynehammer v. People 13 N.Y. REP 378, 481)
30. Military Dictator George Washington divided the States (Estates) into Districts. (Messages and papers of the Presidents Vo 1, pg 99. Websters 1828 dictionary for definition of Estate.)
31. "The People" does not include you and me. (Barron v. Mayor & City Council of Baltimore. 32 U.S. 243)
32. The United States Government was not founded upon Christianity. (Treaty of Tripoli 8 Stat 154.)
33. It is not the duty of the police to protect you. Their job is to protect the Corporation and arrest code breakers. Sapp v. Tallahasee, 348 So. 2nd. 363, Reiff v. City of Philadelphia, 477 F.Supp. 1262, Lynch v. N.C. Dept of Justice 376 S.E. 2nd. 247.
34. Everything in the "United States" is For Sale: roads, bridges, schools, hospitals, water, prisons airports etc. I wonder who bought Klamath lake. Did anyone take the time to check? (Executive Order 12803)
35. We are Human capital. (Executive Order 13037)
36. The UN has financed the operations of the United States government for over 50 years and now owns every man, women and child in America. The UN also holds all of the Land in America in Fee Simple. *
37. The good news is we don't have to fulfill "our" fictitious obligations. You can discharge a fictitious obligation with another's fictitious obligation. *
38. The depression and World War II were a total farce. The United States and various other companies were making loans to others all over the World during the Depression. The building of Germanys infrastructure in the 1930's including the Railroads was financed by the United States. That way those who call themselves "Kings," "Prime Ministers," and "Fuher,"etc could sit back and play a game of chess using real people. Think of all of the Americans, Germans etc. who gave their lives thinking they were defending their Countries which didn't even exist. The millions of innocent people who died for nothing. Isn't it obvious why Switzerland is never involved in these fiascoes? That is where the "Bank of International Settlements" is located. Wars are manufactured to keep your eye off the ball. You have to have an enemy to keep the illusion of "Government" in place. *
39. The "United States" did not declare Independence from Great Britain or King George. *
40. Guess who owns the UN?
* Caveat Redemptor - Verify for yourself
wow...the US actually denied in court that the IRS was an agency of the government. This looks like a pretty big rabbit hole.
You need to take a look at your schizophrenic medication. It's not working properly
http://www.rense.com/general94/20th.htm 20th century was a HOAX
Shit, they were right. The truth does hurt! Thank you HPD! Tuco
Tea Pot Dome as another example besides the railroad ripoff.....this has been the norm, not the exception. What bothers me the most is the influence foreign governments (like AIPAC) now exercise over our elected offials.
I think I'd better start getting a union card because this is the time unions start to get big again.
I might even try to apply for a union position this year.
Academics routinely call a Phd. a "union card"; because it's the paper you need to be employed by the government; proving that global warming is important enough to tax you to death over; for instance. Just thought you'd like this piece of trivia. If I were you I would concentrate on learning how to trade commoditties; you made a start with your silver in the trunk of your car, but you need to study some more. It's quite profitable, and there's no boss. (except reality; but reality is good).
Farmers are business people and have bills to pay. There is so much food produced in the USA, such an abundance that it allows us to feed MANY other countries people. In a matter of one season, the amount of food farmed can increase at an astronomical level. It is NOT HARD to raise chickens and most other live stock. There are MANY fields UNPLANTED. Farmers, like the rest of us, have bills. Bills that need to be paid with FIAT dollars, not gold or silver or any other 'money'. Farmers also want to make and enjoy a profit, which they do and will continue to do. Farm subsidies keep farms from operating near max capacity, there is simply no NEED. Whether a need is a higher demand, or because of a lower profit, it does not matter. If the US really finds itself in a bind, we will implement export tarriffs. This will lower, not raise the price of food, TREMENDOUSLY. If China has to pay 2X what it currently does, there is no need to charge americans the current price, they can charge LESS and make MORE. On top of that the gov can then extrate massive amounts of money to feed the hungry. Food is one problem America does not have to worry about.
"Food is one problem America does not have to worry about" ...... I could not disagree more; as have more crop failures than Carter has liver pills. The commodity storage system that the department of Ag. had at one time is near zero in inventory for emergencies. The Ogallala aquifer is depleated in many places (and record drought and water shortages throughout the US and World) and just because you have spare capacity to plant does not put food in the market. Did you know we import 40% of our food into this country (US) now?
You are an apparent academic if you think all these things are easy to plant, grow and raise. It takes capital to do all this and money and lending are near non-existant. Your post my freind is resting on our prior laurels we have not made any real crop yeild increases since the 1970's (only a 5% increase in yield since then). The facts are all there for those who have eyes to see and ears to hear, so do a bit of your own homework before spouting non-sense. Here are a few recent headlines;
"Food is one problem America does not have to worry about."
Explicitly correct. In fact there's zero in the modern world that we have to worry about. The only parts of the economic system that's cause for all the trouble and draggging the whole show down is;
i). Government (monopoly of authority/power in society)
ii). Central Banking (monopoly of money in society)
iii). Monopoly Corporate Cartels (Big Oil, Big Credit Cards, Big Banks etc)
The above 3 monopolies (which boils down to human parasites/scum such as the Rothchilds Dynasty) are robbing/vandalising the productive economy via the monetary system using the institution known as Govt. It is this, the most corrupt institution in history, that is consuming and destroying both productive wealth and the powerful benefits of free market systems
The solution to the unproductive/destructive problem of Govt is for the citizens to stop paying their taxes. Robin Hood had the right idea, his biggest target was the Sheriff of Nottingham (taxman). We can go one better: stop paying your taxes altogether and endorsing Govt which funds and props up the other two parasitical public-private empires. Very simple stuff
Zero Tax = Zero Govt = Zero Problem/s
I don't disagree with you about what America is able to produce, but that does not mean people would not go hungry in an economic collapse.
Read "ferfal"s blog about the Argentinian collapse in 2001. Argentina is also an Agricultural super power who can feed nearly 10x there population - yet they had starvation.
Argentina also was once the 5th Richest country on the planet around 1900, and had developed industries and educated people.
All of this is do to with the people that run a country, not the farmers in it.
They will be knocking on my door soon. I am a perfect domestic terrorist (in DHS terms). A vet, I own guns and PMs, love Ron Paul and what he stands for, and will openly criticize government policy at the drop of a hat. Wait; I hear helicopters.
URGENT ! URGENT ! CALLING TD!
Since there's nothing going on today, we'll just bring you this little tweetfight.
Dr. Doom has four questions for the hyperinflationary doomsayers over at ZeroHedge.
The gist of all of them is: How can you not buy the deflation argument given history, low bond yields, Japan, etc.?
Please followMoney GameonTwitterandFacebook. Follow Joe Weisenthal onTwitter.Ask Joe A Question >
Read more: http://www.businessinsider.com/nouriel-roubini-has-questions-for-zerohedge-on-inflation-2011-8#ixzz1VfthoEZI
How can we not buy into your deflationary scenario? Because we don't have Phd.'s in Economics; we read normal history books; we can observe what's going on around us without a "filter" of official economic doctrine; and other reasons. Also, Dr. Roubini if you would like to debate with me I am available; but you will regret it, because I am smarter than you are, and I can prove it.
Also See: Debt Collapse – $20,000 Gold – Mike Maloney (FULL PRESENTATION) http://www.youtube.com/watch?v=tj2s6vzErqY#t=52m56s
So 2008 was merely a ‘Dead Cat Bounce’ (which bounced back into a bubble) and we’re now heading for the defenite big whammy crash.
living for the end of the world is, just, well, foolish..
live for the joy of life..money is dust, debt is an illusion..
the simplest way out of our debt is a new world currency and debt repudiation..(the answer that keeps the elite in control) most of the elite will be fine..same as it ever was.
who gets screwed by the debt extiction is what is being worked on right now.
the same as thru out history: the masses.
my guess any holder of us national or state debt..that is john Q public's ira's 401k's whole life policies
welfare state will take a big hit as well once again john Q public.
so for those who are producers and the 20% who do the real work life will go on for those who depend on the 20% well life will be more of a struggle.
this is fight club the struggle is what we live for, or have you forgotten?
the re-instatement of the Gold standard or something like it (possibly a basket of commodities)
the re-instatement of the Gold standard or something like it (possibly a basket of commodities)
I hear this one all the time about a basket. We will never see it. If we switch to a gold standard, the central banks can still rob us by manipulating the price of gold upwards. In such a case, the gold in their vaults would be worth more and they would instantly become solvent. Then they will let that expensive gold trickle out into the economy. If they did this with a basket of commodities, it would ruin whole industries and cripple the economy, because you can't have $10k copper, but you can have $10k gold.
TPTB will never handcuff themselves into a standard that can't be manipulated. Gold can be manipulated anywhere they want. The task of switching over to a new standard is very complex and could fail, leading to the dark picture Graham describes, the central banks have experience with a gold standard, not with a basket of commodities.
the gold in their vaults would be worth more and they would instantly become solvent...
Will JPM still be tbtf if they ship Hugo's 10.6 back to him? My understanding that his alone will deplete all that's been entrusted to their care. Unless of course, it was under WTC7 and already been disposed / dispossessed.
Well, congratulations on congratulating yourself for saying what Bill King and thousands of others (including the NYT) have been saying for long time, as well as for presenting someone else's chart. However, when you don't present your own work and use others' material to convince people to try your FREE REPORTS you are a goddamned low rent spammer. Next time you trash ZH with your crap, explain to the people the economic miracle of how FREE REPORTS produce income for you. Loser.
You are right. Why can't they present their case for a FUBAR economy and at the end say " protect yourself by buying some gold from us"?
Is it possible to vote on this person being denied access to ZeroHedge; he's a complete moron and a shill; He just uses, (abuses), the website for free advertizing; Can't Tyler Durden just cut this clown off? Will you please, Tyler; just eliminate this fool; he's actually an embarrassment.
Lets be fair, Things are blowing up and a 30s type outcome or worse is possible, In my view likely.
I ask myself, How will law and order hold up today compared to the 30s?
I live in the UK, However I noticed something worth considering, I have just bought a vintage Austin 10 mid 1940s car, The bonnet or hood isnt locked just turn the front lever and you have access to the engine, Also the exposed fuel cap isnt locked, The security of the car is almost non existant, The car was made just after WWII and times was hard.
I would expect if I parked this car on the street at night within days or weeks the petrol being syphoned the battery stolen or the car, Clearly in the 40s and earlier The people was of an honest nature, My mum said to me she never locked her back door around this period.
Today we are very different and a loss of law and order on a mass scale in the UK anyway for me is a real risk if food shortages start to take hold.
The lates riots and mass looting looks like a real to happen again.
I just thought I would share this unusual thought of mine.
This is where a study of history proves interesting. Before 1700 England was a lawless place. After the Great Fire in London, the burnt over areas were a haven for criminals. The only way to cross it in daytime was in a fast carriage, at night forget it.
In the more secure parts of London people did not walk home alone after dark if they could help it.
In the 1700s and early 1800s they got an honest efficient judiciary and police along with very strict, even brutal laws. This was when you could be hanged or transported to Australia for stealing a handkerchief.
By 1900 England was the safest most law abiding country in the world and they began to slack off on the laws. Between the end of WW1 and into the forties the country became more and more modern and socialist. But it was only in the fifties and sixties that the present ultra liberal mind set came into play with the results you see today.
Did it strike you that the end of lawlessness started just as the British Empire started to flourish and ended when the Crown Jewel, India was lost?
The loot of the Empire helped make England a very prosperous country. Prosperity reduces the need for crime. Once the looting ended, it has been a gradual slide back to old ways.
BTW I am not discounting the role of the liberal mind-set. However there were bigger secular trends at play here.
Your best example from history was the post Soviet years. They even stole the windshield wipers off cars.
I've actually had that happen twice in the last six months in Ottawa. It's really irritating.
Tony is right
the world has been run by stupid fucks
most compolan ies atre run by stupid fucks
how we have even got this vfar deludes me
common sense is NOWHERE to be found
Its almost as if most of the humna race has suffered brain damge the last decade or so
yabs, IMO, a feeling of entitlement has grown out of a level of prosperity that grew out of technical progress and socialistic increased distribution of life necessities.
Notice, with a few exceptions, how thin the actors are in the old movies. It was what they didn't eat that gave them those trim figures.
Spock: “The good of the many outweighs the good of the few, or the one.”
Lets get rid of the 15 vampire banksters who have sucked the blood of billions of people for decades...
Anyone that has to say - You know I've been saying "X" for "Y" length of time is a one trick pony. Hell I can say anything and eventually I will be right. You know the sun isnt going to come up one day? True but if I have to wait 4 billion years to be proven right, Im not much of a forecaster then am I?
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