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The Final Swindle Of Private American Wealth Has Begun

Tyler Durden's picture





 

Submitted by Brandon Smith of Alt-Market.com,

I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline.

I have never had any doubt that the U.S. economy as we know it was headed for total and catastrophic collapse, the only question was when, exactly, the final trigger event would occur. As I have pointed out in the past, economic implosion is a process. It grows over time, like the ice shelf on a mountain developing into a potential avalanche. It is easy to shrug off the danger because the visible destruction is not immediate, it is latent; but when the avalanche finally begins, it is far too late for most people to escape…

If you view the progressive financial breakdown in America as some kind of “comedy of errors” or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.

The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF). The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty.

Anyone skeptical of this conclusion is welcome to study my numerous past examinations on the issue of globalization; I don’t have the time within this article to re-explain, and frankly, with so much information on deliberate dollar destruction available to the public today I’ve grown tired of anyone with a lack of awareness.

If you continue to believe that the Fed actually exists to “help” stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something “new”, then certain recent events and policy initiatives do start to make sense.

The year of 2014 has been looming as a serious concern for me since the final quarter of 2013, and you can read about those concerns and the evidence that supports them in my article Expect Devastating Global Economic Changes In 2014.

At the end of 2013 we saw at least three major events that could have sent America spiraling into total collapse. The first was the announcement of possible taper measures by the Fed, which have now begun. The second was the possible invasion of Syria which the Obama Administration is still desperate for despite successful efforts by the liberty movement to deny him public support for war. And, the third event was the last debt ceiling debate (or debt ceiling theater depending on how you look at it), which placed the U.S. squarely on the edge of fiscal default.

As we begin 2014, these same threatening issues remain (along with many others), only at greater levels and with more prominence. New developments reinforce my original position that this year will be remembered by historians as the year in which the final breakdown of the U.S. monetary dynamic was set in motion. Here are some of those developments explained…

Taper Of QE3

When I first suggested that a Fed taper was not only possible but probable months ago, I was met with a bit (a lot) of criticism from some in the alternative economic world. You can read my taper articles here and here.

This was understandable. The Fed uses multiple stimulus outlets besides QE in order to manipulate U.S. markets. Artificially lowering interest rates is very much a form of stimulus in itself, for instance.

However, I think a dangerous blindness to threats beyond money printing has developed within our community of analysts and this must be remedied. People need to realize first that the Fed does NOT care about the continued health of our economy, and they may not care about presenting a facade of health for much longer either. Alternative analysts also need to come to grips with the reality that overt money printing is not the only method at the disposal of globalists when destroying the greenback. A debt default is just as likely to cause loss of world reserve status and devaluation - no printing press required. Blame goes to government and political gridlock while the banks slither away in the midst of the chaos.

The taper of QE3 is not a “head fake”, it is very real, but there are many hidden motivations behind such cuts.

Currently, $20 billion has been trimmed from the $85 billion per month program, and we are already beginning to see what APPEAR to be market effects, including a flight from emerging market currencies from Argentina to Turkey. A couple of years ago investors viewed these markets as among the few places they could exploit to make a positive return, or in other words, one of the few places they could successfully gamble. The Fed taper, though, seems to be shifting the flow of capital away from emerging markets.

The mainstream argument is that stimulus was flowing into such markets, giving them liquidity support, and the taper is drying up that liquidity. Whether this is actually true is hard to say, given that without a full audit we have no idea how much fiat the Federal Reserve has actually created and how much of it they send out into foreign markets.

I stand more on the position that the Fed taper was actually begun in preparation for a slowdown in global markets that was already in progress. In fact, I believe central bankers have been well aware that a decline in every sector was coming, and are moving to insulate themselves.

Is it just a "coincidence" that the central bankers have initiated their taper of QE right when global manufacturing numbers begin to plummet?

http://www.agweb.com/article/us_stocks_drop_as_manufacturing_gauge_falls_more_than_forecast_BLMG/

http://www.bloomberg.com/news/2014-02-01/china-manufacturing-gauge-falls-to-six-month-low.html

Is it just "coincidence" the taper was started right when the Baltic Dry Index, a global indicator of shipping demand, has lost over 50% of its value in the past few weeks?

http://investmenttools.com/futures/bdi_baltic_dry_index.htm

Is it just "coincidence" that the taper is running tandem with dismal retail sales growth reports from across the globe coming in from the final quarter of 2013?

http://www.businessweek.com/news/2014-02-04/euro-is-near-10-week-low-before-retail-sales-data-ecb-meeting

http://www.scmp.com/business/economy/article/1421025/no-christmas-cheer-hong-kongs-retailers

http://business.time.com/2013/11/14/walmart-sales-dip-as-low-income-americans-close-wallets/

And, is it just a "coincidence" that the Fed taper is accelerating right as the next debt ceiling debate begins in March, and when reports are being released by the Congressional Budget Office that over 2 million jobs (in work hours) may be lost due to Obamacare?

http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204

No, I do not think any of this is coincidence.  Most if not all of these negative indicators needed months to generate, so they could not have been caused by the taper itself.  The only explanation beyond "coincidence" is that the Federal Reserve WANTED to launch the taper program and protect itself before these signals began to reach the public.

Look at it this way - The taper program distances the bankers from responsibility for crisis in our financial framework, at least in the eyes of the general public. If a market calamity takes place WHILE stimulus measures are still at full speed, this makes the banks look rather guilty, or at least incompetent. People would begin to question the validity of central bank methods, and they might even question the validity of the central bank’s existence. The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective, or seen as the cause.

We all know that the claims of recovery are utter nonsense. Beyond the numerous warning signs listed above, one need only look at true unemployment numbers, household wage decline, and record low personal savings of the average American. The taper is not in response to an improving economic environment. Rather, the taper is a signal for the next stage of collapse.

Stocks are beginning to plummet around the world and all mainstream pundits are pointing fingers at a reduction in stimulus which has very little to do with anything. What is the message they want us to digest? That we “can’t live” without the aid and oversight of central banks.

The real reason stocks and other indicators are stumbling is because the effectiveness of stimulus manipulation has a shelf life, and that shelf life is over for the Federal Reserve. I suspect they will continue cutting QE every month for the next year as stocks decline.  Will the Fed restart QE?  If they do, it will probably not occur until after a substantial breakdown has ensued and the public is sufficiently shell-shocked.  The possibility also exists that the Fed will never return to stimulus measures (if debt default is the plan), and QE stimulus will eventually be replaced by IMF "aid".

Government Controlled Investment

Last month, just as taper measures were being implemented, the White House launched an investment program called MyRA; a retirement IRA program in which middle class and low wage Americans can invest part of their paycheck in government bonds.

That’s right, if you wanted to know where the money was going to come from to support U.S. debt if the Fed cuts QE, guess what, the money is going to come from YOU.

For a decade or so China was the primary buyer and crutch for U.S. debt spending. After the derivatives crash of 2008, the Federal Reserve became the largest purchaser of Treasury bonds. With the decline of foreign interest in long term U.S. debt, and the taper in full effect, it only makes sense that the government would seek out an alternative source of capital to continue the debt cycle. The MyRA program turns the general American public into a new cash stream, but there’s more going on here than meets the eye…

I find it rather suspicious that a government-controlled retirement program is suddenly introduced just as the Fed has begun to taper, as stocks are beginning to fall, and as questions arise over the U.S. debt ceiling. I have three major concerns:

First, is it possible that like the Fed, the government is also aware that a crash in stocks is coming? And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little savings they have as panic over declining equities accelerates?  Bonds do tend to look appetizing to uninformed investors during an equities route.

Second, the program is currently voluntary, but what if the plan is to make it mandatory? Obama has already signed mandatory health insurance “taxation” into law, which is meant to steal a portion of every paycheck. Why not steal an even larger portion from every paycheck in order to support U.S. debt? It’s for the “greater good,” after all.

Third, is this a deliberate strategy to corral the last vestiges of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or annihilated? What happens if there is indeed an eventual debt default, as I believe there will be? Will Americans be herded into bonds by a crisis in stocks only to have bonds implode as well? Will they be conned into bond investment out of a “patriotic duty” to save the nation from default? Or, will the government just take their money through legislative wrangling, as was done in Cyprus not long ago?

The Final Swindle

Again, the next debt ceiling debate is slated for the end of this month. If the government decides to kick the can down the road for another quarter, I believe this will be the last time. The most recent actions of the Fed and the government signal preparations for a stock implosion and ultimate debt calamity. Default would have immediate effects in foreign markets, but the appearance of U.S. stability could drag on for a time, giving the globalists ample opportunity to siphon every ounce of financial blood from the public.

It is difficult to say how the next year will play out, but one thing is certain; something very strange and ugly is afoot. The goal of the globalists is to engineer desperation. To create a catastrophe and then force the masses to beg for help. How many hands of “friendship” will be offered in the wake of a U.S. wealth and currency crisis? What offers for “aid” will come from the IMF? How much of our country and how many of our people will be collateralized to secure that aid? And, how many Americans will go along with the swindle because they were not prepared in advance?

 


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Thu, 02/06/2014 - 20:17 | Link to Comment StacksOnStacks
StacksOnStacks's picture

Swindle?  Check on Max Keiser's Maxcoin.

Thu, 02/06/2014 - 20:24 | Link to Comment OC Sure
OC Sure's picture

Counterfeiting is swindle and the cause of the world's ills. End central banking, enable those who carry the rest of the world on their backs to buck them off.

Thu, 02/06/2014 - 20:25 | Link to Comment Supernova Born
Supernova Born's picture

"The goal of the globalists is to engineer desperation"

Baseless fiat in exchange for actual productive work is the lynch pin for achieving their goal.

Fri, 02/07/2014 - 06:49 | Link to Comment Headbanger
Headbanger's picture

"The taper program distances the bankers from responsibility for crisis in our financial framework"

"The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective, or seen as the cause."

 

Exactly what I said here many times before !   The Big Banks who OWN the Federal Reserve are pulling out to save their  ass(et)s cause they see the bullshit QE game they were playing to help support their Obama puppet is now falling apart along with all that ass hats political power!

The political and financial scam is over and they know it!   A con man (or central bank) KNOWS when a con has gone bad and gets out fast!

But no, the Central Banks are NOT "dismantling" the global economy to "make way for something new" either

Instead, they played a foolish game of trying to "make something from nothing" by scamming along with a co-dependent government who let the banks get away with it for political gain.

Yes it has been one big conspiracy but not to dismantle the status quo.

It's more like a cooperation of co-dependent parasites trying to gouge as much as they could from the sheeple hosts.

Only problem is, these parasites have bled the victim to death so they're bailing out fast!

Fri, 02/07/2014 - 00:13 | Link to Comment Drifter
Drifter's picture

Who is gonna do that?  Answer: Nobody.  Nobody has the power to do it. 

I grow weary of seeing comments about what should happen.  Those things won't happen, and those comments are wasted space.

Thu, 02/06/2014 - 20:51 | Link to Comment AccreditedEYE
AccreditedEYE's picture

The only swindle I see is ZH backing a piece that says we should support a recovery as that will "foil the bankers plan". Are you guys kidding me? How bought are you by hedge fund money? Make no mistake, nothing changes for the better till the whole thing burns down. Then, we don't go "running" to anyone. We take back what was rightfully ours to begin with. Figure it out.

Thu, 02/06/2014 - 20:55 | Link to Comment runningman18
runningman18's picture

Who said we should "support a recovery"?  What does that even mean?

Thu, 02/06/2014 - 20:58 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Put A, B, and C together. Stop being spoon fed.

Thu, 02/06/2014 - 21:40 | Link to Comment runningman18
runningman18's picture

That's not really an explanation.  Do you even have a clue what you are talking about?

Thu, 02/06/2014 - 22:18 | Link to Comment FredFlintstone
FredFlintstone's picture

yeah, spoon fed, B, C, G, Twitter, get a clue dude! :)

Fri, 02/07/2014 - 05:35 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Classical strawsman. When a point can not be addressed, build another you feel you are able to offuscate.

Tue, 02/11/2014 - 20:15 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

So you're the guy who edits math texts books to keep the quota met for the word "Obvious" in theorems, right?

Thu, 02/06/2014 - 21:13 | Link to Comment rwe2late
rwe2late's picture

Unlike some other sites,

ZH has been known to publish articles with which the ZH editor(s) disagree(s).

If you disagree with the article, clearly state your points instead of lodging meaningless complaints about ZH based on a false assumption.

As for your claim to have points of disagreement with the article, allow me to be blunt, you have not clearly stated them.

 

Thu, 02/06/2014 - 21:14 | Link to Comment AccreditedEYE
AccreditedEYE's picture

I used to be like you. Get on twitter. See what goes down and who talks to whom. Again, stop being spoon fed.

Fri, 02/07/2014 - 03:02 | Link to Comment monkeyhead
monkeyhead's picture

Not even sure what you are talking about. Be explicit.

Fri, 02/07/2014 - 03:09 | Link to Comment akak
akak's picture

That must have been one doozy of a blow to the head.

 

In other words, nobody here knows what the Hell you are talking about, or trying to say.  How about "spoonfeeding us" and making it plain?

Fri, 02/07/2014 - 05:43 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, the conspiracy. What, it is another question.

Made me laugh. Everything to kick the can, everything to avoid self indiction.

Thu, 02/06/2014 - 22:11 | Link to Comment Buck Johnson
Buck Johnson's picture

I like Max, but I never heard of Maxcoin. I'll have to check it out. Also we are imploding.

Fri, 02/07/2014 - 01:11 | Link to Comment Colonel Klink
Colonel Klink's picture

Can't swindle what they can't find!

Thu, 02/06/2014 - 20:19 | Link to Comment cossack55
cossack55's picture

The human race has a long history of bundling up assets for disposal

Thu, 02/06/2014 - 20:34 | Link to Comment Oldwood
Oldwood's picture

Yes, but it is still a coincidence.

Thu, 02/06/2014 - 20:23 | Link to Comment spinone
spinone's picture

I call bullshit on this.  If the Fed tapers, and then the market crumbles, the blame will be on the Fed.

Thu, 02/06/2014 - 20:24 | Link to Comment OC Sure
OC Sure's picture

The FED owns all the blame regardless.

Thu, 02/06/2014 - 20:39 | Link to Comment Oldwood
Oldwood's picture

How many people even know who the fuck the Fed is anyway? The blame will be placed on persons of a predefined group, lets call the the rich. Of course that does not include Jamie or Warren. The "rich" will be the people who prepared for this disaster. We horded our cash and did not participate in the economy to a great enough degree. We were warning others of the imminent collapse, so we willed it to fail, we poisoned the economy with our constant incriminations and declarations of the obvious complete corruption. No, the Fed will be just fine. It is US who will take the blame....and George Bush.

Thu, 02/06/2014 - 20:50 | Link to Comment OC Sure
OC Sure's picture

I said the Fed OWNS the blame. I agree with you, obfuscations will mix and the accusations will land not upon the Fed. The media will spin the not so merry go round and you, me, and a few others will know the truth. But All is Never Lost; tell two friends to tell two friends, please.

Thu, 02/06/2014 - 21:32 | Link to Comment acetinker
acetinker's picture

Kinda sound like an Amway representative, but in this case, I heartily agree.

Thu, 02/06/2014 - 21:30 | Link to Comment acetinker
acetinker's picture

Yeah, Brandon does assume that J6P knows what the Fed is, but I'm not sure that's true.  However you may be mistaken about the blame being laid at the feet of "the rich".  Seems to me that "the blame" will be laid at the feet of independent "producers".  We can't be trusted you know, we might provide an "unregulated" item to our willing customers.

Can't have that, can we?

Thu, 02/06/2014 - 21:44 | Link to Comment Oldwood
Oldwood's picture

That would be my point. "the rich" will not be the rich but what are referred to as the rich for their purposes, you and me (maybe I am being to assuming that your are not of the actual rich) but regardless they will seek to blame their enemies, and that would be those of us who will speak truth to power.

Thu, 02/06/2014 - 22:03 | Link to Comment acetinker
acetinker's picture

I am not at all of the actual rich. I started with nothing, and still have most of that left.  Obamao tells me 'I didn't build that', and I sorta get parts of that, but I loudly proclaim that I absolutely built the niche I live in, the broad shoulders I stand on notwithstanding.

Thu, 02/06/2014 - 21:59 | Link to Comment WillyGroper
WillyGroper's picture

More people have become aware than you might think. I find people from all age demographics talking about it & all the other scams. MIC, PIC, MedIC, SS, FSA. I too quit participating, but IMO that cash will only be useful for fires & tp. With the goons I wouldn't put it past them to storm your house to seize pm's. 

things are moving faster.

Fri, 02/07/2014 - 03:26 | Link to Comment artless
artless's picture

I agree with your estimate of most people's ignorance and who will be saddled with the blame. And that includes a large part of the readers of ZH who, while they talk a good game, are part of the problem. They'll continue to go to their finance jobs with the belief that their little corner of the field is pure as the driven snow, they'll continue to do business with corrupt and criminal entities like The JP Morgue et al, they'll continue to suckle their teat of the FedGov cow, and then line up in droves to vote for another demagogue, liar, or just simple moron wioth the belief that THIS time, with THIS Presdient, Senator, or Fat Slob Governor it will be different. They will continue to worship the paid killers in the military, the parasite criminla gangs called police, and the incompetent teachers who poison their children with daily doses of propaganda of nationalist state worship of which the likes of Eichman, Goebels and that crew would be proud.

Then they'll turn on the television and watch some pointless horseshit like Breaking Bad so that they aren't left out of the coffee room conversation at "work".

And then they will blame Shrub. Partly because most people are too fucking stupid to have ever read an once of history and probably have no clue as to who are really to blame, where this mess all really began, and what it will take to correct it.

Put it this way: Had the country suddenly woke up circa September 2008 and then by some bizarre chance and twist elected Ron Paul and then Congress and FedGov began to enact EVERYTHING Dr. Paul laid out we would be about 10% of the way there. Given how the vast majority of the 330 million called Americans received the doctor's prescription, I'd say they would shit their collective pants if someone explained what else needs to occur to solve this mess.

Maybe (and this is a big maybe) had Harry Browne won in 1996 we MIGHT have had a shot. At this point it is over. It's math. And math is a bitch that way. There is simply NO FUCKING WAY The US pays off even HALF the 17 trillion it owes. The only way this thing continues is by further monetizing the debt devauling the dollar and rolling on until finally the whole thing blows up.

2008 was a hicup.

Tue, 02/11/2014 - 20:14 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

'course! It aint tha theivin' banksters its them thar erlegal immergrints!

Thu, 02/06/2014 - 20:36 | Link to Comment runningman18
runningman18's picture

The lack of stimulus might be blamed, but it would be much worse for the fed if a crash happened while QE is running at full steam.  It would prove QE is useless, and that the fed is useless.

Thu, 02/06/2014 - 21:38 | Link to Comment Shad_ow
Shad_ow's picture

So what if the Fed is blamed?  What happens that will make a difference?  What happens to them?  Nothing.

Thu, 02/06/2014 - 22:02 | Link to Comment WillyGroper
WillyGroper's picture

It's the new girls that fall on the sword or get the guillotine. 

The boys will be sippin drinks with Ken Lay.

Roll'em.

Thu, 02/06/2014 - 22:15 | Link to Comment FredFlintstone
FredFlintstone's picture

Maybe there is a Greater Game than the "market"?

Thu, 02/06/2014 - 20:25 | Link to Comment ebworthen
ebworthen's picture

They have to crash it again to clear the sheeple's chips off the roulette table.

Then another Hank Paulson stand-in warning of "tanks in the streets" and how the J.P. Morgue must be saved so American's "deposits" are "safe".

*cough*

I'm pretty sure the boy cried wolf at least twice if not three times.

Sat, 02/08/2014 - 02:00 | Link to Comment Redhotfill
Redhotfill's picture

Ebworthen you forgot to put quotes around  "American's"   lol  not that any real American owns a part of the Fed.

Tue, 02/11/2014 - 20:12 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

'american' quotes are the most mattering things.

Tue, 02/11/2014 - 20:13 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Jon Corzine, banking expert!!  http://youtu.be/d-cLZai63GA

Thu, 02/06/2014 - 20:30 | Link to Comment gwar5
gwar5's picture

I agree with Bandon. CBs gotta try to find another villain besides themselves if they want to live again to roll out another currency.

 

Fri, 02/07/2014 - 03:36 | Link to Comment artless
artless's picture

"CBs gotta try to find another villain besides themselves if they want to live again to roll out another currency."

Nice sentiment but again you assume that any large number of people are anything less than willfully ignorant fools. The FED as it stands today is a violation of the Constitution. FRNs are a violation of The Constitution. No one gives a shit. Even those who purport to be educated resist the idea of dissovling the central bank paradigm while acknowledging its faults.

The Fed, The US Gov could shit in these people's mouths, rape their mothers, and still have their obedience. They have no concept of another way. It would be like telling them that the Sun rises in The West.

Sat, 02/08/2014 - 02:03 | Link to Comment Redhotfill
Redhotfill's picture

Today's Sheeple are much better conditioned than the Sheeple of even 50 years ago!

Thu, 02/06/2014 - 20:32 | Link to Comment krispkritter
krispkritter's picture

I buy here but am not otherwise affiliated.  Just got this in the mail today: http://www.gainesvillecoins.com/category/282/bullet-replicas.aspx?utm_so...

These are awesome...

Thu, 02/06/2014 - 20:44 | Link to Comment DirkDiggler11
DirkDiggler11's picture

I buy at Gainesville Coin as well. Good service, hard to beat pricing ion silver.

Thu, 02/06/2014 - 21:02 | Link to Comment Ness.
Ness.'s picture

Hi NSA NSA...

I don't buy physical precious metals from ANYONE.  I trust the FED with their expertise to control maximum unemployment, monetary instability and the manipulation of long term interest rates.  I kan reed, duh!

The Congress established the statutory objectives for monetary policy--maximum employment, stable prices, and moderate long-term interest rates--in the Federal Reserve Act.  

http://www.federalreserve.gov/faqs/money_12848.htm

 

 

I'm buying Obama's MyRA's... bye NSA NSA!!

Thu, 02/06/2014 - 21:46 | Link to Comment clooney_art
clooney_art's picture

I buy from Goldline. They are the cheapest in the planet. They say so in their radio show.

Thu, 02/06/2014 - 20:39 | Link to Comment Dr. Engali
Dr. Engali's picture

I agree with the bulk of this post, and many of us have been saying much the same thing, however there is nothing the fed can do to keep from taking the heat for the eventual collapse. They have inserted themselves at the center of the maelstrom, and there is no way that they will be forgotten.

Thu, 02/06/2014 - 20:47 | Link to Comment krispkritter
krispkritter's picture

I'm pretty sure the blame will be deflected to the varied POTUS' that kept them in control, the 'economic forces beyond our control', and the bought-and-paid-for ineptness of the US Congress, among a host of other scapegoats.  If the finger of blame really did descend upon the Fed, it would disappear just as it was born, in a late-night swirl of excuses and lies, etc., only to rear it's ugly head in another guise.  

Thu, 02/06/2014 - 21:59 | Link to Comment Raging Debate
Raging Debate's picture

Krispkritter - I somewhat agree. The Fed isnt needed anymore, its job of looting for it's owners over. The people will blame the politicians (which in truth is correct as they took the bribe money) and THEN Congress will deflect back on the Fed, led again by Ron Paul to end it. The people will cheer the evil Fed is dead while inside politicos around the world laugh there asses off at the ignorance of the people and how briliant they were to pull off the biggest heist in human history.

Thu, 02/06/2014 - 20:47 | Link to Comment NoDebt
NoDebt's picture

Blame, no blame.... irrelevant.

Obama is still President (despite obviously impeachable offenses), and the Fed will still be the Fed, no matter how bad they screw things up, even if it's on purpose and with malice.

I think the point is: what things can they crush without crushing their own power and control base?  Figure that out and you know where to align yourself to get through this without being hit and going directly under the bus that's flying down the street at us.

Everyone's gonna get bloody on this.  Just a question of how bloody and with how many broken bones.

Tue, 02/11/2014 - 20:13 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Obama's just the 3rd & 4th terms of Bush-the-fooled-me-the-2nd. HE was just 2 more terms of HIS FATHER.

Thu, 02/06/2014 - 20:56 | Link to Comment OC Sure
OC Sure's picture

Yes, there is a reason why the first and second central bank failed too. The difference this time around is the mass communications and how the media controls the circus. But it will fall apart eventually and for the same reason. ...If only ZH had a cable channel.

Tue, 02/11/2014 - 20:12 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

if only NO ONE had a cable channel - how fast would truth spread THEN?

Thu, 02/06/2014 - 21:16 | Link to Comment XitSam
XitSam's picture

Ben in multiple press confrences and congressional hearings, already set up the Fed to avoid blame.  "Monetary policy is not a panacea." and telling Congress there is a limit to what the Fed can do. 

Tue, 02/11/2014 - 20:12 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

As long as they escape the guillotines they don't care about the heat.

Thu, 02/06/2014 - 20:35 | Link to Comment fijisailor
fijisailor's picture

Debt is slavery.  Muppet assets must be liquidated to keep them on the rock pile.

Thu, 02/06/2014 - 21:26 | Link to Comment Supernova Born
Supernova Born's picture

Muppets cannot be allowed to save in any manner not subject to easy confiscatory taxation or inflationary evaporation.

Anything you attempt to save for the future will be taken to feed the desperate grasshopper constituency of the globalists.

Thu, 02/06/2014 - 20:39 | Link to Comment fonzannoon
fonzannoon's picture

The fed is tapering and money is flying out of EM countries and piling into UST's and there is no MYRA program set up yet. forget killing the dollar, all they have to do is keep tapering to ensure it's the only currency left standing.

Thu, 02/06/2014 - 20:44 | Link to Comment Dr. Engali
Dr. Engali's picture

It's funny how everybody rushed to the "safety" of treasuries and yields were jammed lower when the fed started tapering. All they have to do is sacrifice the market and we'll have a 1% ten year.

Thu, 02/06/2014 - 21:21 | Link to Comment Ness.
Ness.'s picture

I agree Doc.  The 10 yr is going lower.  It HAS to go lower.  When we sniffed 3% all hell was about to break loose and everyone knew it.  They'll sacrifice equities to drive yields lower.  Whatever it takes, it'll be done.  The greater fools (End of year 401ker's) have already committed a certain % into equity funds for the new year.  They're about to get slaughtered, and they can't get out.

China could destroy the USSA without firing a single bullet.  Just hitting "sell all" would do the trick.

 

 

Thu, 02/06/2014 - 22:21 | Link to Comment o2sd
o2sd's picture

China could destroy the USSA without firing a single bullet.  Just hitting "sell all" would do the trick.

Rubbish. The Fed would just hit "buy all" if China hit "sell all". Then the dollar would collapse, and the Chinese "economy" would crater to dust. Then they would start a war with Japan and be doubly fucked. The US is mostly fine. It has houses to shelter people, massive food production to feed people, plenty of oil,textiles, wood, fresh water. Would $6 gas cause some pain? Sure it would, but most of Western Europe has been paying that for decades. You buy a smaller car and you are done. Sheesh, the way Americans go on about their first world problems. 

Tue, 02/11/2014 - 20:09 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

You  mean the US has dessicated shacks stripped of all their copper, left derelict for years.
China has ghost cities too but they haven't been stripped of all their copper, so who's really better off in a total collapse?
Plus China has lots to do with Australia & Russia so no, they do not need the USSA as badly as you say, but they DO need them a little so it won't be all  roses.

The US is not mostly fine. It's mostly NOT fine but would physically survive in various states. I would count on Commiefornia & maybe Florida to be finished more or less.

Tue, 02/11/2014 - 20:09 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

That's an incredible yet succinct battle plan: smash stocks, save UST, save the US budget from overflow (for now).
It's so obvious.

Thu, 02/06/2014 - 20:39 | Link to Comment NoDebt
NoDebt's picture

I don't believe they have the level of control necessary yet to pull a Cyprus in the US.  (Temporarily) crashing the markets again to scare the crap out of everyone and send them in the loving embrace of government protection, sure.  I can buy that.

I predict more of a repetitive series of fear shocks slowly forcing more and more people into closer alignment with the government than some huge, overtly hostile act against assets by an easily identifiable group of politicians, bureaucrats and bankers.

 

Tue, 02/11/2014 - 17:40 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Right,  because when MF Global went down, all sorts of punishment happened to ensure it can't happen again.
Right? Right.
FREE JON CORZINE!!

Thu, 02/06/2014 - 20:48 | Link to Comment buzzsaw99
buzzsaw99's picture

It's far simpler than that. Today's inflated stock and bond prices ARE the swindle.

Thu, 02/06/2014 - 20:58 | Link to Comment OC Sure
OC Sure's picture

But they are just the effect. The cause is the counterfeiting. If you want to reach a general audience outside of ZH ('cause we are not changing minds HERE), then focus on the cause. Tell 2 friends to tell 2 friends please.

Fri, 02/07/2014 - 02:57 | Link to Comment Hapa
Hapa's picture

My 2 friends are not listening, tried that before.  Sorry, the people who want to listen have already listened.  People really want to be left alone so they can go on sleeping. It's human nature.

Thu, 02/06/2014 - 21:06 | Link to Comment Goldilocks
Goldilocks's picture

Rudy Vallee - Brother Can You Spare a Dime?
http://www.youtube.com/watch?v=ES41SDelh3s (4:15)

Thu, 02/06/2014 - 21:12 | Link to Comment Singelguy
Singelguy's picture

"If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears."

I do not doubt that the American collapse is deliberate but I continue to ask the following questions;
1) what is the motivation of orchestrating such a collapse. If it is to establish
a new world order, are there not more constructive ways to accomplish
It?
2) who exactly is orchestrating the collapse? It would have to be a large
group of people. The economy and the financial system is far too
complex to be managed by just a few. Who are the leaders of this
group?

I have read some wild theories on this subject but I have yet to see any concrete evidence. Anyone have more information?

Thu, 02/06/2014 - 21:30 | Link to Comment XitSam
XitSam's picture

1) Money and the New World Order are not the motivation.  They are only the method. The goal is power over other people. To be able to tell them what to do and how they should live. To make them (in their eyes), better. Me: I aim to misbehave.

Thu, 02/06/2014 - 21:44 | Link to Comment FredFlintstone
FredFlintstone's picture

Who benefits?

Tue, 02/11/2014 - 17:08 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

It's to re-establish serfdom since for a while there's been much less of it.
The elites want more & to do so requires many to descend to serfdom.
It's that simple & no, there's no way to accomplish it but to take.
Corporatism is a mere stepping stone: it's bad, it's tyranny, but those corporations can easily be gutted & turned to personal wealth of oligarchs.

Thu, 02/06/2014 - 21:18 | Link to Comment essence
essence's picture

What Brandon Smith says makes sense if you believe in the existence of the "cabal".
If you do, then likely you're aware of the buzz on the Internet about a Global Currency Reset, and all the offshoot, ancillary spin related to it. The Fed pulling the plug on the whole shebang is consistent with that narrative.  We'll see.

And if you don't believe in the "cabal" .... my my, I bet the world doesn't make much sense.
Perhaps you can find solace in food,drugs,CNBC, social media,religion,Zero Hedge or whatever gets you thru the night.
You can listen to the market veterans recount how they've never seen conditions such as now and how we are in new territory. And rest assured, one word you will never hear from such market veterans is the word ...  "cabal".

'It is difficult to get a man to understand something, when his salary depends on his not understanding it.'

 

 

 

 

 

Thu, 02/06/2014 - 21:30 | Link to Comment XitSam
XitSam's picture

Deleted. Sorry.

Thu, 02/06/2014 - 21:32 | Link to Comment Caviar Emptor
Caviar Emptor's picture

I just got back from the supermarket: it's quite clear from that experience why the Fed is tapering. Prices are accelerating again, almost exploding. Put that into the context of falling wages, benefits, interest income plus the drop in personal savings and the halt in house price

Thu, 02/06/2014 - 21:34 | Link to Comment Jack Burton
Jack Burton's picture

Obama is already being blamed. Just as Bush was blamed. We Americans like to go from blaming red team to blaming blue team and there are no teams. That is made up bullshit, there are no political parties. The elites of the financial world, bankers, hedge funders, big trading houses, the central bank, along with the leaders of the military, secret police and spy agencies are allied with certain other civilian power centers, I will throw out AIPAC for one, some of America's old money and lastly the owners and managers of the great corporations. These entities form an elite and are allied on most all issues. They meet, they know each other, they congregate in Washington DC. They select two hand picked and trained candidates, to give you a phoney democratic election, in which you may choose from Elite Tool A, or Elite Tool B.

To anyone who says this is bullshit, I say; Simply review recent history, review American foreign, financial and domestic policies. Note where 95% of all wealth creation has gone, note the wars, note record military and spy spending. Note Obama and his Bush administration. Obama kept the republican economic team, military team, spy team and others. Globalization was perfected by Clinton, just as much as both Bushes. Obama is a black Bush.

Globalization is simply the replacement of nation states and people's democracy with a global power of "corporate dictatorship". Allied together, The USA/NATO military, corporate leaders, bankers, spy chiefs from the USA and EU, the great wall-street traders, bankers and hedge funders. No, Americans won't blame the rich, they will blame the hack the elites put in office, Obama. It will be meaningless, as the elties will shower Obama with wealth after he leaves the White House and a new puppet will take over and offer hope and change. When did any president give you hope and change. For you oldsters, perhaps Kennedy, but the elites killed him off the  instant he failed to follow the military industrial complex's plan A.  Obama , Bush II, Clinton, Bush I, Reagan, even the Carter, all did the will of banks and the bankers. The markets are rigged, the elections are rigged, the media is a gang of whores pimping for the elties.

War is coming, Obama must go to war in Syria, Iran and most fearful of all, is the plan for war in Ukraine. The economy is a dead issue, it is fucked, now the fighting will begin. Certain news items appeared in the Washington press last Sunday, offering up a US and NATO war to liberate Ukraine. When you read that, you had better learn fear. Nobody in America knows what a real war is, many have been to occupations but they  are not wars.  The mad men in Washington are now going for broke, to think they can cross the Ukrainian border with NATO troops and Russia will retreat back to Moscow is an insane prospect. Why war you ask? Think about it! Americans will have to shut up and follow orders. Media will become state corporate media, all workers demanding higher wages will be traitors, youth will be forced to serve, profits for corporate leaders will soar, wages for workers will tank, the path to war is easy, and it offers our rulers, our spies, our military, our cops, our drug warriors, our corporations, our central bank a degree of enforced loyalty that can be kept in place by gun point. You tell ME, what the elites have to lose by going to war, IF, as I believe, the economic and financial collaspe is near upon us? American people will lose BIG TIME, but our rulers? Our elites and bankers? What will they lose? Nothing. It will be 1984 in America, and we will be like soviet citizens under Stalin. All this might come true, I can never claim to know it will, this is my opinion. Nothing more.

Thu, 02/06/2014 - 21:42 | Link to Comment FredFlintstone
FredFlintstone's picture

Thanks Jack, that was insightful and worthy of deep consideration. Syria and Iran for certain, Ukraine is a new one for me.

Thu, 02/06/2014 - 22:17 | Link to Comment Dr. Engali
Dr. Engali's picture

Most people don't realize that Bush and Obama are just lightning rods to keep the masses focused on them while the oligarchs plot and plunder the wealth of the nation out the back door. Are they, and those that occupied the White House before them, to be despised? Yes. But are they the masterminds? Take a look at their public speaking and inability to hold a thought and the only answer can be ...... Hell no.

Fri, 02/07/2014 - 11:25 | Link to Comment TimmyB
TimmyB's picture

Lighting rods? I prefer to think of them as whores (no offense to sex workers). But you are correct in that they whore themselves out to the same people, the ones who pay the bills for both parties.

Thu, 02/06/2014 - 22:11 | Link to Comment bsdetector
bsdetector's picture

Wars certainly realign people Jack. They are also used as a way to sort out problems. Interesting thoughts. Here is another thought: if it wasn't for all the money printing from Greenspan onward would the US have the armament it has today. If China didn't inflate would they have the armament they have. Greece is broke but didn't they recently buy German subs? Sure, easy money has allowed the US and other sovereigns to inflate their real estate markets but the process also inflated government coffers. So can one infer that the desire to inflate the economy was not only for profit but more for power?  

Fri, 02/07/2014 - 00:05 | Link to Comment dexter_morgan
dexter_morgan's picture

I hope to God you are wrong, but I fear you are correct. To say that Americans, the citizenry, do not know what war is is an understatement. This country has been systematically emasculated over the last 50 years or so to the point that it is frightening.

Fri, 02/07/2014 - 00:55 | Link to Comment joego1
joego1's picture

You are so right and yet the average sheeple just dosen't see the lies in the status quo. Got gas beer and cigs? All is good!

Thu, 02/06/2014 - 22:34 | Link to Comment tony bonn
tony bonn's picture

there is no taper....the fed has been buying much more than the official numbers....10 billion is chump change....the stock market decline, however modest, has nothing to do with taper except that it may have forced some people to think about the economics of certain stock holdings at such lofty levels.

Fri, 02/07/2014 - 09:45 | Link to Comment fijisailor
fijisailor's picture

I agree.  Everywhere you look they are spewing lies.  By what stretch of the imagination should we believe their QE numbers?

Thu, 02/06/2014 - 22:37 | Link to Comment Antipodes52
Antipodes52's picture

Went to Eric Rosengren's talk tonight. The Fed is completely focused on employment levels (including under-unemployed). Absolutely no concern for the Dollar as a store of value.

2% inflation is a key goal (which eliminates 45% of your value over 30 years, which would be an extraordianry accomplishment considering the monitization of the debt).

http://www.bostonfed.org/news/speeches/rosengren/2014/020614/020614text.pdf

Thu, 02/06/2014 - 23:02 | Link to Comment Common_Cents22
Common_Cents22's picture

Despite the political and social distractions its simple.

 

Follow the money.  Money never lies.

Thu, 02/06/2014 - 23:30 | Link to Comment Bdelande
Bdelande's picture

United States Federal Reserve                            February 5th, 2014

20th Street and Constitution Ave NW,

Washington, District of Columbia 20551

 
 

Dear Janet;

 

If I may be so forward, as a concerned permanent resident of the United States of America, it is with great consternation that I feel compelled to write you the following distressing note.

 

Purposely degrading this Nation's hard earned reserve currency status, which was so honorably passed on to you by previous generations who built this great country from the ground up through their virtuous and industrious blood, sweat and tears, only to then implement a disgraceful monetary policy that deliberately steals from future unborn generations in order to facilitate living standards beyond our means, so as to sustain an unearned, undeserved and unprincipled culture of grotesque illegitimate debt financed over-consumption, can only be characterized as a deplorable unconscionable abomination of Biblical proportion.


 

Respectfully yours,

Le Baron Bruno Camille Soucanye de Landevoisin

 

Fri, 02/07/2014 - 00:54 | Link to Comment joego1
joego1's picture

Ya! And fuck you old Yeller!

Fri, 02/07/2014 - 00:05 | Link to Comment chindit13
chindit13's picture

There are a few reasons, I suspect, why Brandon Smith always insinuates there is some cabal orchestrating events with a Master Plan toward some sort of unilateral One Government control.  The first is that he probably fantasizes about being King of the World.  All of his commentary most certainly suggests he has great problems with that “one man, one vote” thing, and his characteristic stridency leaves little doubt that in his redoubt he expects his opinions to carry the weight of Royal Decree.  Though perhaps an unfair reading of his writing, I see Brandon as a Dick Cheney who never got elected.  Another reason is that, since he has clearly spent his entire adult life bitching and moaning, rather than doing anything even remotely constructive, he has never been close enough to wealth or power to know the one great secret:  Nobody is in charge, and most every elite’s main, if not sole, adversary is another elite.  Can anyone not woefully naïve, and with any vestige of rationality left above the shoulders, really believe there will be a One World Government where an elite cabal made up of, oh, let’s say Obama, Putin and Xi, is anyone’s goal?  How about an advisory panel of Carl Icahn, Dan Loeb, and Bill Ackman?  Toss in those ideological doppelgängers (that’s sarcasm, for those who don’t get it) George Soros and the Koch Brothers, and doesn’t it just reek of One Voice uber efficiency?

There are a whole host of reasons why the world is in its present state, but Brandon misses most all of them, always.  The world is entirely too complicated for a black and white thinking type like Brandon.  That things might be wildly complex, with so many interrelations and/or competing elements as to be nearly random, is something even more terrifying to the likes of Brandon than a world run by a malevolent cabal.  If only such a cabal existed, a morally bankrupt and self-serving man could make a Faustian deal with it.  If only such a cabal existed, an honest and courageous man could endeavor to overthrow it.  If the world is actually just pure chaos, where a few at the top of the Darwinian Pyramid can temporarily work a few elements to their own favor, but where for the large part incompetence in the face of intractable problems rules, then the best any of the aforementioned honest and courageous people can do is try to put out brush fires.

Brandon wants to recreate the world in his own image, or at least according to his own desires.  Because he is both powerless and far from any nexus of power, no matter how ultimately impotent that nexus might be in the overall scheme of things, his rantings are at best entertainment for the forlorn, and at worst constant evidence of his irrelevance.  He could convince the masses to wipe away all of the elite who today serve as the objects of his continual scorn, and what would really change (besides another---or even the same---elite trying to take control again)?  While I think he is the type who would then want, nay demand, to be in charge, even if one assumes he doesn’t try to take the helm, what would the world be like?  Will all those unemployed Greeks and Spanish suddenly find work?  Will all of the trends that have led the world to this crisis of debt (which is a symptom, and not the cause of what ails us) suddenly dissipate and leave everyone gainfully employed and with a resource-rich and meaningful existence?  Will all the displaced agricultural workers (or their descendants) from the 19th Century join all the displaced factory workers from this increasingly robot-driven and efficient world, who will join all those workers displaced because Amazon and the internet now control the lion’s share of consumer retail (with economies of scale that obviate somewhat the price pressure driven by declining resource availability), and march into some utopia that exists only in the minds of people like Brandon Smith?

Besides being self-serving (though hampered in their self-serving-ness by universal complexity and elite intramural competition), maybe what is driving the elite is the awareness of what is coming, which might be called the labor and resource singularity, for which there is no known cure.  Maybe the real problem is that the species has reached the end of meaningful existence as it has defined that term for the last few thousand years, and that as of yet nobody---not any individual and not some grand cabal---has developed an acceptable alternative.  Most people---perhaps soon all---are unnecessary, at least if ‘necessary’ means giving input into society’s production. 

The world requires the sweat of one’s brow to an ever-decreasing degree.  Galt’s Gulch is the fantasy of a dying era in human existence, because immigrate or stay won’t matter to the society left behind.  More and more workers are being displaced every day, and this trend seems set to continue.  The McCormick Combine displaced agricultural workers, the assembly line and later CAD/CAM displaced the craftsmen, and the internet is displacing every business that isn’t Amazon (which is leading to everything from Mom and Pop layoffs to redundant brick and mortar, which leads to bad commercial RE debt---Martin Armstrong just wrote a piece noting this).  The otherwise defined “singularity” will replace anyone who is left, and that includes code writers when computers write their own code better and cheaper.  Global outsourcing was a temporary trend, loved by margin-driven CEOs and despised by “Statists” who believe a citizen owes those who happen to have been whelped within the same geographic borders, but soon even the Chinese and Bangladeshi workers will be displaced. The world ran up debt as a stopgap measure allowing the earliest redundant workers in the developed world to afford the production of the outsourcing workforce.  That is now coming to a halt.  The world no longer needs, and lacks the “debtability” to afford, all the production China et al want to spew out. 

It’s endgame, at least until the species redefines the concept of “meaningful existence”.  There isn’t a cabal in existence, nor even in fantasy, that as yet has a master plan to address this.  Some will choose to fight the battle as they see it, but at best that will be a Pyrrhic Victory.  The war cannot be won until the species redefines its reason to be.

 

Fri, 02/07/2014 - 01:03 | Link to Comment Bdelande
Bdelande's picture

Masterfully written.  The likeness of God is to create not consume.  So the simple answer to your expose is that if we arrange the new furniture properly, we can create more, work less, and no longer feel the need to consume as much.  See how that works?  Word of caution, getting there will be rather messy I'm afraid. Change will be resisted, particularly by those who have accumulated much material possessions, as they have been conditioned to measure their worth by them.  The desperation of the QE monetary policy is but a manifestation of that refusal to acknowledge and accept the coming change which is inevitable. 

Fri, 02/07/2014 - 00:48 | Link to Comment joego1
joego1's picture

For the most part the masters of our universe are too greedy to all have the same grand plan. When the global economy blows it will be like a nuke going off to the average shit on the street. There may be some effort for a SDR or some other form of new fiat but I think the effort will come to late as major trust will be lost between countries. You see it going on now e.g. "I want my gold back Sam!"

Fri, 02/07/2014 - 02:17 | Link to Comment Jam
Jam's picture

That was interesting post, thanks for taking the time to write it.

Fri, 02/07/2014 - 19:51 | Link to Comment DrunkenMonkey
DrunkenMonkey's picture

Logically and elegantly put.

Well played, sir.

Fri, 02/07/2014 - 00:15 | Link to Comment Drifter
Drifter's picture

Another article author afraid to call it what it is.  Looting spree.  Looting the last bit of wealth from the people.

Fri, 02/07/2014 - 00:46 | Link to Comment kurt
kurt's picture

Don't worry there is a team of public relations experts working, right now, on getting you to accept or forget this.

Fri, 02/07/2014 - 00:47 | Link to Comment Randoom Thought
Randoom Thought's picture

A new power can arise only when the old power is defeated. Since "they" control all powers and seemingly want to link them, they have to make all powers weak and make people so fearful that they will beg for a new power to save them.

I am guessing that the Fed will be destroyed (by 2022) and a new power will save us all from the destruction that the fed wrought.

Fri, 02/07/2014 - 01:09 | Link to Comment icanhasbailout
icanhasbailout's picture

I don't see a "stocks decline sharply but slowly over a medium-to-long period of time" scenario being a possible outcome from the current starting point. I see 70% of the present value - almost exactly like the housing bubble which I spotted from a position of total financial/real-estate ignorance back in 2005 - being purely speculative. Once the future price is no longer essentially guaranteed to be better than the present price, all hell will break loose - and fast, in a very strongly self-reinforcing vicious cycle. This worm is going to eat itself, and in record time.

Fri, 02/07/2014 - 02:28 | Link to Comment mumbo_jumbo
mumbo_jumbo's picture

"because they know that a trigger event is coming"

 

the super bowl with it's over the top ra ra ra USA convinced me of that.....there MUST be something big coming.

Fri, 02/07/2014 - 05:22 | Link to Comment enloe creek
enloe creek's picture

teach mandarin there will be jobs for you here when the help arrives from the east they will need someone to instruct all the whores in what methods of sexual gratification they find most interesting, maybe they will let you watch.

Fri, 02/07/2014 - 06:07 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Trillions of dollars to delay the inevitable just a few years, I enjoyed a few cheeseburgers, so I can't really complain.

 

Fri, 02/07/2014 - 07:13 | Link to Comment The Shape
The Shape's picture

Bah, "I believe, I believe". Well, I call BS.

These prophecy of doom snakeoil salesmen have it wrong.

There's no final fucking anything. It will be slow grind where the serfs will gradually and passively accept their continuing degredation and descent.

People are starting to look up at the rich, but that means there's just a new bogeyman they'll soon reveal and there's always the old faithful culture wars for a dose of divide and conquer. 

"Gay men are now carrying out abortions on their turds and Obamacare is picking up the tab, let's cross to Sarah Palin for her thoughts..."

 

Tue, 02/11/2014 - 14:53 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

doesn't look very slow to me, even right now. It's only going to speed up.

Also, Occupy Abortions to Prevent Global warming currency collapse for the continued fight to Free Jon Corzine.

Fri, 02/07/2014 - 08:23 | Link to Comment AdvancingTime
AdvancingTime's picture

Note, there is a major flaw in the concept  of MMT that is its Achilles heel. What do you do when it becomes apparent the economic efficiency of credit is beginning to collapse? This means that as more money is poured into the system and lower rates are no longer effective in driving the economy forward options evaporate. As the extra GDP growth generated by each batch of loans drops and momentum ends this become the equivalent of pushing on a string and is a sign of exhaustion. Many people have become far to complacent to the risk before us, details in the post below,

http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complace...

Fri, 02/07/2014 - 08:32 | Link to Comment 10mm
10mm's picture

"The goal of the Globalists is to engineer desperation". It's coming as prophesied by DHS insider (Rosebud) along with assorted others. Some are indicating this spring/summer. Time will tell.

Fri, 02/07/2014 - 09:26 | Link to Comment semperfi
semperfi's picture

Big thing coming is:  gold trade note, from China/Russia/BRICS + SE Asia,  leading in to gold-backed Yuan - when the Western system goes down big again, which is starting

Fri, 02/07/2014 - 09:39 | Link to Comment Took Red Pill
Took Red Pill's picture

I've been thinking about Fed heads coming and going. Just two months after Greenspan took office, the crash heard round the world — Black Monday. Then he left in 2006. In steps Bernanke. The global economic decline began in December 2007 and took a particularly sharp downward turn in September 2008. How long do you think will have with Yellen before the next big crash occurs?

Fri, 02/07/2014 - 10:23 | Link to Comment rsnoble
rsnoble's picture

"And, how many Americans will go along with the swindle because they were not prepared in advance?

That's the scary part because FEMA camps can only hold a small % of the population lol.

Tue, 02/11/2014 - 14:45 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

Learned nothing from the Palestine experiment?

EVERY place can be turned into a FEMA camp, entire cities. ALL of New York City can be surrounded, cut off, put on martial law & called a FEMA camp.

Unless of course you think the US government is far too moral & lawful to do such a thing.

Do NOT follow this link or you will be banned from the site!