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18 Signs That The Global Economic Crisis Is Accelerating As We Enter H2 2014

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

A lot of people that I talk to these days want to know "when things are going to start happening".  Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding.  As you will see below, even central bankers are issuing frightening warnings about "dangerous new asset bubbles" and even the World Bank is declaring that "now is the time to prepare" for the next crisis.  Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan.  And the endless conflicts in the Middle East could erupt into a major regional war at just about any time.  We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.

The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014...

#1 The Bank for International Settlements has issued a new report which warns that "dangerous new asset bubbles" are forming which could potentially lead to another major financial crisis.  Do the central bankers know something that we don't, or are they just trying to place the blame on someone else for the giant mess that they have created?

#2 Argentina has missed a $539 million debt payment and is on the verge of its second major debt default in 13 years.

#3 Bulgaria is desperately trying to calm down a massive run on the banks that threatens of spiral out of control.

#4 Last month, household loans in the eurozone declined at the fastest rate ever recorded.  Why are European banks holding on to their money so tightly right now?

#5 The number of unemployed jobseekers in France has just soared to another brand new record high.

#6 Economies all over Europe are either showing no growth or are shrinking.  Just check out what a recent Forbes article had to say about the matter...

Italy’s economy shrank by 0.1% in the first three months of 2014, matching the average of the three previous quarters. After expanding 0.6% in Q2 2013, France recorded zero growth. Portugal shrank 0.7%, following positive numbers in the preceding nine months. While figures weren’t available for Greece and Ireland in Q1, neither country is showing progress. Greek GDP dropped 2.5% in the final three months of last year, and Ireland limped ahead at 0.2%.

#7 A few days ago it was reported that consumer prices in Japan are rising at the fastest pace in 32 years.

#8 Household expenditures in Japan are down 8 percent compared to one year ago.

#9 U.S. companies are drowning in massive amounts of debt, but the corporate debt bubble in China is so bad that the amount of corporate debt in China has actually now surpassed the amount of corporate debt in the United States.

#10 One Chinese auditor is warning that up to 80 billion dollars worth of loans in China are backed by falsified gold transactions.  What will that do to the price of gold and the stability of Chinese financial markets as that mess unwinds?

#11 The unemployment rate in Greece is currently sitting at 26.7 percent and the youth unemployment rate is 56.8 percent.

#12 67.5 percent of the people that are unemployed in Greece have been unemployed for over a year.

#13 The unemployment rate in the eurozone as a whole is 11.8 percent - just a little bit shy of the all-time record of 12.0 percent.

#14 The European Central Bank is so desperate to get money moving through the system that it has actually introduced negative interest rates.

#15 The IMF is projecting that there is a 25 percent chance that the eurozone will slip into deflation by the end of next year.

#16 The World Bank is warning that "now is the time to prepare" for the next crisis.

#17 The economic conflict between the United States and Russia continues to deepen.  This has caused Russia to make a series of moves away from the U.S. dollar and toward other major currencies.  This will have serious ramifications for the global financial system as time rolls along.

#18 Of course the U.S. economy is struggling right now as well.  It shrank at a 2.9 percent annual rate during the first quarter of 2014, which was much worse than anyone had anticipated.

But if U.S. economic numbers look a bit better for the second quarter, that doesn't mean that we are out of the woods.

As I have stressed so many times, the long-term trends and the long-term balance sheet numbers are far, far more important than the short-term economic numbers.

For example, if you went to the mall today and spent a thousand dollars on candy and video games, your short-term "economic activity" would spike dramatically.  But your long-term financial health would take a significant turn for the worse.

Well, when we are talking about the health of the U.S. economy or the entire global financial system we need to keep the same kinds of considerations in mind.

As for the United States, whether the level of our debt-fueled short-term economic activity goes up a little bit or down a little bit is not what is truly important.

Rather, the fact that we are nearly 60 trillion dollars in debt as a society is what really matters.

The same thing applies for the globe as a whole.  Right now, the citizens of the planet are more than 223 trillion dollars in debt, and "too big to fail" banks around the world have at least 700 trillion dollars of exposure to derivatives.

So it doesn't really matter too much whether the short-term economic numbers go up a little bit or down a little bit right now.  The whole system is an inherently flawed Ponzi scheme that will inevitably collapse under its own weight.

Let us hope that this period of relative stability lasts for a while longer.  It is a good thing to have time to prepare.  But you would have to be absolutely insane to think that the biggest debt bubble in the history of the world is never going to burst.


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Tue, 07/01/2014 - 21:12 | 4916065 NoDebt
NoDebt's picture

I'm so glad none of this stuff can affect the prices of my stocks any more.  Imagine if the "real economy" mattered to the prices of stocks like in the old days, before the Fed showed us the way to a permanently high plateau in asset prices.  It would be a disaster.

Tue, 07/01/2014 - 21:17 | 4916081 Tinky
Tinky's picture

Amen. And the Fed's ability to carefully manage inflation is also a godsend. 

What could go wrong?

Tue, 07/01/2014 - 21:24 | 4916102 max2205
max2205's picture

If it gets worse, will NFLX go even higher....thought so

Tue, 07/01/2014 - 21:27 | 4916120 Overfed
Overfed's picture

I was just thinking that we were overdue for a list of X reasons why something is bad.

Tue, 07/01/2014 - 21:30 | 4916128 fonzannoon
fonzannoon's picture

brought to you by links to CNBC and every banking organization on the planet....

Wed, 07/02/2014 - 00:17 | 4916660 buyingsterling
buyingsterling's picture

Me too. I like the pithiness. "got it! next!"

Tue, 07/01/2014 - 21:58 | 4916213 Savyindallas
Savyindallas's picture

If we would have just let the fed run everyting in the past we would never had had recessions, wars or maybe even bad weather. Shouldn't we just disband the Congress- we all know they are worthless sex fiend criminals, anyway. 

Wed, 07/02/2014 - 04:07 | 4916896 Lore
Lore's picture

Thank goodness the globe is cooling.

Wed, 07/02/2014 - 05:38 | 4916940 NoPension
NoPension's picture

That's so 70's.

Wed, 07/02/2014 - 07:46 | 4917052 TeethVillage88s
TeethVillage88s's picture

If we just shut down congress for 2 years, we would prevent much more damage and they would have to reorganize all over again before passing major legislation. Probably a $50 B Dollar money saver.

Except we probably want to repeal Obama Care and get DOJ to press charges on Eric Holder to start "Real" clean up.

Tue, 07/01/2014 - 21:15 | 4916072 surf0766
surf0766's picture

How many 18 signs could their possible be? Am I in the matrix or have I see this article written 10 times before?

Tue, 07/01/2014 - 21:19 | 4916090 Seasmoke
Seasmoke's picture

Did you just see a black cat walk by twice ???

Tue, 07/01/2014 - 21:24 | 4916100 Crawdaddy
Crawdaddy's picture

watch out for the deja vu moment - that is when they change something

Wed, 07/02/2014 - 00:31 | 4916688 Kprime
Kprime's picture

its already happend, they said it was different this time


Wed, 07/02/2014 - 00:43 | 4916716 Colonel Klink
Colonel Klink's picture

They're bricking off all the exits.

Wed, 07/02/2014 - 09:06 | 4917308 Took Red Pill
Took Red Pill's picture

Welcome to the real world

Tue, 07/01/2014 - 22:28 | 4916334 booboo
booboo's picture

No but I ate some home made cookies some black chick gave me and I feel right as rain but I think I passed out and that rain was yeller and salty tasting.

Tue, 07/01/2014 - 23:47 | 4916580 surf0766
surf0766's picture

The only way to win is to not play the game

Wed, 07/02/2014 - 00:29 | 4916683 Kprime
Kprime's picture

there is no spoon

Tue, 07/01/2014 - 21:17 | 4916073 Ness.
Ness.'s picture

It's a good thing I didn't start tattooing the 'signs of economic collapse' on my body because this "new" list might have to go on the taint.  Ouch!


Wed, 07/02/2014 - 04:08 | 4916897 Lore
Lore's picture

At least you know where to put the Dollar Sign...

Tue, 07/01/2014 - 21:15 | 4916076 JustObserving
JustObserving's picture

It shrank at a 2.9 percent annual rate during the first quarter of 2014

Right now, the Federal Reserve tells us that the inflation rate is sitting at about 2 percent.

But according to John Williams, if the inflation rate was calculated the same way that it was in 1990 it would be nearly 6 percent.

And if the inflation rate was calculated the same way that it was in 1980 it would be nearly 10 percent.

So actually Q1 GDP decreased by 6.9% to 10.9% if one uses honest inflation numbers.

The Federal Reserve would have us believe that the unemployment rate in the U.S. has fallen from a peak of 10.0 percent during the recession all the way down to 6.3 percent now.

But according to, the broadest measure of unemployment is well over 20 percent and has kept rising since the end of the last recession.

Tue, 07/01/2014 - 23:51 | 4916597 CheapBastard
CheapBastard's picture

Shrinking is what I see on the street also, in malls, stores, and so on. Sound smore like reality.

Wed, 07/02/2014 - 07:53 | 4917061 TeethVillage88s
TeethVillage88s's picture

Yes, John Williams is the best source.

From the article above: "Rather, the fact that we are nearly 60 trillion dollars in debt as a society is what really matters."

I observe that the Budget for DHS is about $60 Billion Dollars almost as if Homeland Police are calculated based on a Percentage of the overall Debt of the USA.


Tue, 07/01/2014 - 21:16 | 4916078 Bunga Bunga
Bunga Bunga's picture

Get over it, the term 'Economic Crisis' is meaningless in central planning.

Tue, 07/01/2014 - 21:21 | 4916093 DirkDiggler11
DirkDiggler11's picture

# 19 Michael Snyder's nail gun suddenly turns against him like Cujo and Michael "Nail Guns" himself to death just before the great collapse he had been calling for the past decade begins to unfold...

Tue, 07/01/2014 - 21:39 | 4916154 CrashisOptimistic
CrashisOptimistic's picture

Nah.  Nailgun will tatoo a list all over his body of 23 places to buy nails.

Tue, 07/01/2014 - 23:36 | 4916551 Ban KKiller
Ban KKiller's picture


Tue, 07/01/2014 - 21:27 | 4916106 FieldingMellish
FieldingMellish's picture

Things are going great....




1. GM is "selling" vehicles hand over fist.

2. Markets are at all time highs.

3. The Fed Reserve continues to tighten its monetary policy by tapering its asset purchases.

4. Reverse repo's are successfully draining excess liquidity.

5. All the major banks have been thoroughly stress tested and found to be in rude health.

6. Unemployment is sinking fast.


I could go on and on but I'm waiting for my next government check...


Tue, 07/01/2014 - 21:47 | 4916183 Uber Vandal
Uber Vandal's picture

The future's so bright, that my shadow is burned onto the sidewalk.



Tue, 07/01/2014 - 22:18 | 4916298 drendebe10
drendebe10's picture

...and if yhe corrupt incompetent arrogant narcissistic illegal indonesian kenyan aluen muslim sciopayhuc liar in chief says its great and the bullsh*t MSM agree then it sure must be so..

Tue, 07/01/2014 - 23:59 | 4916603 CheapBastard
CheapBastard's picture

"There's never been a better time then now to buy a house."


You forgot that one, Fielding.


The stock market is not the only thing that has reached ‘all time highs’ in Merika:


...obesity, diabetes, cancer, strokes, EBT users, indifference, poor test scores, fraud, CEO compensation, DC BS, …and so on. They are also at their 'all time highs.'

Wed, 07/02/2014 - 05:43 | 4916942 NoPension
NoPension's picture

How come the "new GM" has to recall and fix cars made by the "old GM"?

Wed, 07/02/2014 - 07:03 | 4916994 meterman
meterman's picture

Because there is no "New GM". The "Old GM" is still alive and sinking due to the brilliant decisions of our own "First Idiot", Obama, to save the unions by avoiding bankruptcy and the protections it provides. All GM's sins still exist and must be delt with by GM. Watch the crying and gnashing that occurs as the "NEW" Government Motors is devoured by its own slim. 

Note:  Of course, Obama will tell the world that the GM failure is not his fault,but,"What's New".



Tue, 07/01/2014 - 21:44 | 4916174 AllWorkedUp
AllWorkedUp's picture

and yet...the stock market makes high after high and gold goes nowhere. Is there anything new under the sun?

Wed, 07/02/2014 - 01:18 | 4916779 intric8
intric8's picture

If thats not enough, our little stunt in ukraine has sent world sentiment against the u.s. past the tipping point. How the hell will economic activity positively respond to reduced trade, the attack on the usd, protectionism and the resurgence of imperialism? I dont see any fucking way out of this mess in any reasonable time-frame unless a massive reboot takes place, and thats tantamount to an huge, ugly revolution where many die and decades of infighting and starvation ensue.

Wed, 07/02/2014 - 06:37 | 4916970 overmedicatedun...
overmedicatedundersexed's picture

intric8, WTF? graph the debt and loss of quality of life of the ave middle class in america, since the dropping of tariffs and advent of Free Markets, as you have stated international corps have grown wealthy and powerful, yet tariffs and protectionism is bad?? i repeat WTF?

Tue, 07/01/2014 - 21:44 | 4916175 Jack Burton
Jack Burton's picture

Come on! Are you gonna tell me the US stock markets are asset bubbles?

Tue, 07/01/2014 - 21:54 | 4916206 Oldwood
Oldwood's picture

I've given up on trying to call this thing. Anything I would do would only prove contrarian. I can say that I have never bought stock accept at the very top. Never has it gone up after I bought in. I would like to believe that I'm the grim reaper of markets and that buying in could bring it all down, but in reality I'm simply a bad investor.

For that reason I don't think we are at the top. I haven't bought in yet. If I finally can't take my .5% returns on my saving any longer, when I can't watch while the markets reach all new highs, when I actually buy in because I think its the thing to do....then it will crash. I can't make it crash, I am simply the canary in the mine shaft.

I will not buy stocks until EVERYONE else has.

I will not buy gold until EVERYONE else has.

I will not invest until everyone else is ready to get the fuck out.

Tue, 07/01/2014 - 22:21 | 4916312 AllWorkedUp
AllWorkedUp's picture

Oldwood - you're not alone. I'm pretty sure they've devised individual programs for individual accounts that go counter to whatever you buy. It is a rare occasion when i buy a stock and it doesn't immediately drop 10% within hours or a few days. Very rare.

Tue, 07/01/2014 - 22:41 | 4916373 Oldwood
Oldwood's picture

It does feel rigged against me.

I purchased a high performance car once because I have always had that weakness. I knew I had the weakness, but what caught me off guard was that I was researching the car on the net afterwards and after reviewing the manufacturer's site discovered that they had metrics of their target market, they had me to the year of my age and $10k of my income. I hate being that predictable, but we live in a world where people are studying us intensely, try to both motivate us and anticipate our every move. I feel like a rat in a cage.

Wed, 07/02/2014 - 00:08 | 4916642 espirit
espirit's picture

Heh, everytime I do a signup access online I add a year, month, and day cumulative to my birthdate.

That way I receive online "specials" every month.  Win /Win.

Wed, 07/02/2014 - 07:33 | 4917029 Bemused Observer
Bemused Observer's picture

I bought stock once, in 2009, at the all-time lows, in fact, the exact DAY of the low. Three years later, I was totally out. I made what you'd call a killing, if only on the micro-scale.

I have not gone back. I missed the "big rally" I guess, but have never regretted bailing on the market. And I have been relentlessly pursued by my old accounts to "Come back, we miss you!"..."We'll give you gifts, c'mon puleeeeeese? Don't you WANT to be rich?"...

It's almost too 'needy'...and a bit like being pursued by a cult after you've left. It is off-putting, and a bit creepy. It's like you can SEE how crazy they are now that you are out. When I see this market going up on nothing but hot air, it scares me even though I'm now back on terra firma.

Wed, 07/02/2014 - 00:15 | 4916655 1000924014093
1000924014093's picture

Well, uh, do keep us posted then, won't you?

Tue, 07/01/2014 - 22:03 | 4916229 dexter_morgan
dexter_morgan's picture


Tue, 07/01/2014 - 23:27 | 4916495 Addibrux
Addibrux's picture

 Sleeper is right. Good Grief. If you're not making money in this cluster-f@ck, you've got to be trying NOT to..Of course it's going to end ugly, but for now play to win, and invest some of those into the non-tangibles.

 I've expected the peak for two years now, but that still doesn't mean quit playing. This is, after all, predatory capitalism. I think alot of the ZH'rs completely underestimate the velocity of stupidity. Get ready, by all means, but there's still vast money to be made from the masses.

Tue, 07/01/2014 - 22:11 | 4916264 Caviar Emptor
Caviar Emptor's picture

The wall of worry is gone! If things are truly getting worse then it's not just worrying anymore

Tue, 07/01/2014 - 22:21 | 4916311 AdvancingTime
AdvancingTime's picture

Modern Monetary Theory often referred to as MMT to its many believers removes much of the risk ahead and guarantees that we will always be able to muddle forward. MMT also known as neochartalism is a economic theory that details the procedures and consequences of using government-issued tokens and our current units of fiat money.  Newly acquired tools like derivatives and currency swaps  allow us to print and  manipulate away problems.

While reading an article about the growth of debt in China's non-financial sector I was forced to reflect on how debt is effected by the interest rates. In Europe the ECB had to step in to halt the economic collapse of Spain, Italy and several other countries that were on the brink. What you pay in interest on debt does matter except in the manipulated land of MMT. Have we been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years? This is a key question we must face. More on this subject in the article below.



Tue, 07/01/2014 - 22:50 | 4916398 Totentänzerlied
Totentänzerlied's picture

"people need to understand" the exponential function, and diminishing marginal utility.

Tue, 07/01/2014 - 23:38 | 4916555 Ban KKiller
Ban KKiller's picture

Long booze and big pharma...

Tue, 07/01/2014 - 23:46 | 4916577 Make_Mine_A_Double
Make_Mine_A_Double's picture

When this list guy Snyder finally packs it in with the Economic Collaspe and drinks the Kool Aid than you'll know Super Nova is near.

Personally this feels like a europhia melt up and we're close. But when the Black Swan comes for the nig heist it will be from a compass point we haven't factored yet.

Wed, 07/02/2014 - 00:51 | 4916695 Radical Marijuana
Radical Marijuana's picture

To imitate Snyder,

I tattoo my views:

"The whole system is an inherently flawed Ponzi scheme" which was made and maintained by the ability to back up lies with violence. That mechanism has created a globalized system of electronic frauds, backed by the force of atomic bombs. It was the application of the methods of organized crime that created the "biggest debt bubble in the history of the world." Paradoxically, the main thing keeping those established systems going are the consequences of them collapsing. Since the debt controls were backed by the debt controls, inside of a combined money/murder system, where the frauds were based on being able to be enforced, the failure of the frauds calls out the failure of the enforcement. Hence, that future will manifest Peak Insanity, since everything was controlled by Huge Lies, backed by Lots of Violence, which have been amplified by order of magnitude, after order of magnitude, by progress in science and technology ... which continues to manage to NOT be applied to understand the enforced frauds themselves, which have become the foundation of the political economy.

It is practically impossible to assess the global economy in a rational way, because that economy developed on the basis of enforcing frauds to become psychotically detached from anything but the ability of violence to back up lies. It is practically impossible to estimate the degree to which human beings have developed their abilities to maintain attitudes of evil deliberate ignorance, which were made by the history of social successes being based on the ability to back up lies with violence. Our politics operates on perceptions which were developed by thousands of years of being able to control civilization by enforcing frauds.

"The whole system is an inherently flawed Ponzi scheme" BECAUSE IT DEVELOPED AS ENFORCED FRAUDS, WHICH CONTROLLED CIVILIZATION TO DRIVE IT CRAZIER AND CRAZIER, WITH NO END IN SIGHT, BECAUSE EVERYBODY BECAME RELATIVELY SUCCESSFUL TO THE DEGREE THAT THEY PARTICIPATED IN THOSE SYSTEMS ENFORCED FRAUDS. It was the ability of the methods of organized crime to capture control over governments that drove the "biggest debt bubble in the history of the world." It was that process of backing up lies with violence that made and maintained debt slavery systems to runaway to become debt insanities: "the citizens of the planet are more than 223 trillion dollars in debt, and "too big to fail" banks around the world have at least 700 trillion dollars of exposure to derivatives."

The global economic crises were driven by the exponential growth of the ability to back up lies with violence. The debt controls were backed by the death controls, to create social systems wherein "success" became based on being able to operate INSIDE INCREASINGLY INSANE SYSTEMS OF ORGANIZED LIES, OPERATING ROBBERIES. From an abstract point of view, it is awesome to attempt to comprehend the runaway development of debt insanities, headed towards death insanities. NOTHING IS NEW OTHER THAN THE TECHNOLOGIES BECOMING TRILLIONS OF TIMES MORE POWERFUL AND CAPABLE. Meanwhile, personally, I see no other point to learning about these things than for their own sake, as kind of consolation from philosophical contemplation of the trajectory towards peak insanities based on backing up lies with violence, since, at the present time, I see no practical political role for more radical truths about these problems.

The "inherent flaw" is that being able to back up lies with violence never makes those lies become true. The "inherent flaw" is that enforcing frauds never makes those frauds become true. But nevertheless, for thousands of years that has been exponentially increasing. Human realities were ALWAYS organized lies operating robberies. Advancing science and technology made it possible for those enforced frauds to become electronic and atomic. However, almost nothing regarding the ways that some people were able to understand general energy systems better has done anything to change the foundations of civilization based on enforced frauds, because almost nobody was ever willing and able to publicly admit that their "success" was based on their participation in that kind of system which was fundamentally enforcing frauds.

The global economic system is on a rocket ride of enforced frauds. The more that the debt insanities accumulate, the more that their death insanities threaten to kick into gear, to try to continue to enforce the frauds. However, the "inherent flaw" is that it is NEVER possible for the enforcements of frauds to make those frauds become true. Instead, the "inherent flaw" of human realities being based on organized lies, operating robberies, which are amplified by order of magnitude, after order of magnitude, of more advances in science and technology, continues to drive the social pyramid style of civilization towards the MADness of Peak Insanities!

The "real" world is the MAD "Ponzi scheme" of Money As Debt, which fraud is enforced by force which operates the MAD Mutual Assured Destruction, i.e., globalized electronic frauds, backed by the threat of the force of atomic weapons. Human realities are necessarily organized lies, operating robberies. The development of science and technology necessarily magnified that by many orders of magnitude. However, the social successes from doing that depend upon maintaining attitudes of evil deliberate ignorance towards those social facts.

The "inherent flaw" in systems of enforced frauds is that their success drives them to become more insane. The trajectory towards generating numbers which are MAD debt insanities is primarily able to continue because those frauds are still enforced by the MAD threats of causing death insanities. Paradoxically, it is the sheer scale of that insanity which keeps itself going, to become more insane, which insane situation is then able to keep itself still going, to become even more insane. That trajectory towards Peak Insanities means the consequences of controlling civilization with lies backed by violence, in a spiral of greater frauds, enforced by greater threats of credible force, must be headed towards the final demonstration that thereby enforcing frauds never made those frauds become true, but rather, was always driving people to become more "successful" through more evil deliberate ignorance.

The basic nature of this kind of social insanity is its "inherent flaw." There are NO solutions other than more radical truth about the ways that human realities were always necessarily organized lies operating robberies, in which money was measurement backed by murder. However, due to the nature of that "inherent flaw" in social systems based on runaway enforced frauds, almost nobody will publicly admit recognition of that. (Despite there being no practical political point in promoting more radical truth about the nature of these problems, I may still amuse myself by passing the time doing so. I continue to find some philosophical consolidations in my contemplations which attempt to comprehend how and why we have collectively ended up living inside of a stark raving MAD globalized civilization.)

Things are already happening, in the sense that every day the debt insanity situations are being pumped up and up, while also, every day, the potential for death insanities to back those debt insanities continues also being pumped up and up. Those were always based on human realities being organized lies, operating robberies, which were most socially successful doing that through the maximum possible frauds and deceits about themselves. More radical truth is quite paradoxical, because it revolves around recognizing that human realities were necessarily organized lies, operating robberies. The established systems are based upon denying that, while their controlled opposition groups are based upon denying that those must be that.

We are waiting and watching as science and technology constantly amplify the established systems of enforced frauds to even more astronomical sizes, while more radical truth is unable to resolve those problems any better, since the established systems that operate those enforced frauds refuse to recognize more radical truth about themselves, while their controlled opposition also shares in those attitudes of evil deliberate ignorance towards the facts that human realities were always necessarily organized lies, operating robberies.

So far, the progress in science and technology through the social pyramid systems has only driven their enforced frauds to get BIGGER AND BIGGER ... While, it was never possible for those enforced frauds, shared by the establishment and their controlled opposition together, to admit the basic radical truth about that situation, which was the combined money/murder systems were necessarily based on fraudulent money, backed by deceitful murder. The intellectual scientific revolutions that I recommend require that enough people would recognize and admit enough of that radical truth. There needs to be a profound series of paradigm shifts in our perception of the established systems of enforced frauds, which is shared by enough real opposition. It is theoretically possible that better dynamic equilibria could be developed between the different systems of organized lies operating robberies, but if and only if it became a sufficiently universal understanding that that was the real situation.

The money system is measurement backed by murder, because it must be, because human measurement and murder exist. The established systems are enforced frauds because they must necessarily be, due to the basic nature of human realities themselves. The degree to which civilization is able to "successfully" deny that is the degree to which those enforced frauds are driven MAD. The degree to which the ruling classes, and the vast majority of the people ruled over, are able to continue to promote and believe in bullshit is the degree to which the debt insanities will continue to be driven towards provoking death insanities.

The political paradigm shifts which may be able to better resolve those issues make all previous paradigm shifts in the history of science look like child's play by comparison. While it should be obvious common sense that privatization of the public "money" supply which enables that "money" to be made out of nothing as debts IS enforced fraud, almost everyone who became successful within that system did so by developing attitudes of evil deliberate ignorance towards that kind of common sense understanding of the laws of nature. Furthermore, the runaway success of achieving that legalized counterfeiting of the public "money" supply has enabled those who benefited from that fraud the most to be able to use their resulting social and political power to do everything possible to make sure that almost everyone else was brainwashed to believe in bullshit. Most of the significant public opposition to the bullshit enforced financial fraud systems share in the same bullshit false fundamental dichotomies and related impossible ideals about those issues as those operating those established systems originally promoted. The people who benefited the most from the systems of enforced frauds were able to dominate the political processes by applying the methods of organized crime, to the degree that they have achieved their goals that the vast majority of the people have been reduced to Zombie Sheeple, while the vast majority of the controlled opposition groups are but Black Sheeple within those systems.

The runaway debt insanities resulting from successfully implementing debt slavery systems, based on enforcing frauds, have barely any effective opposition, and so, those debt insanities keep on automatically getting BIGGER AND BIGGER, while the threats of force to back those up with death insanities also keep on getting BIGGER AND BIGGER. Meanwhile, the "inherent flaw" that backing up lies with violence never makes those lies becomes true only, so far, results in society as a whole becoming more insane overall. Since the degree of success of those enforced frauds depended upon the degree of success of the biggest bullies' bullshit being able to dominate civilization, that civilization became based on rampant attitudes of evil deliberate ignorance, towards the basic radical truths that human realities were organized lies, operating robberies, in which the money was measurement backed by murder.

The degree to which we collectively deny that radical truth is the degree to which the resulting debt insanities are headed towards provoking death insanities. However, since all the most successful people were those who most embraced the benefits of enforcing frauds, in ways which were shared both by those running the established systems, as well as their controlled opposition, there is almost nobody who will promote that kind of radical truth. Instead, there continues to be exponential progress in various domains of science and technology, while nothing like that is happening in social sciences, since the oldest social science was warfare, whose success was based on deceit, upon which basis was built the science of economics, whose success was based on fraud.

In that overall context, I see nothing else than to wait and watch, as the runaway debt insanities continue to get BIGGER AND BIGGER! Apart from the philosophical consolidations from contemplating more radical truths about the real social situation, there appears to be practically no political point to doing so, at the present time. While there is NO DOUBT that the "Global Economic Crisis is Accelerating" and there are abundant "signs" that is happening, there are almost no indications that more radical truth is going to be able to counter the runaway enforced frauds, especially since the only realistic way to actually do that is to embrace how and why that happened, instead of attempting to achieve the impossible goals of stopping that from happening.

"The whole system is an inherently flawed Ponzi scheme" WHICH HAS MADE THE "biggest debt bubble in the history of the world." That was done by the application of the methods of organized crime to dominate the political processes, in order to result in systems of enforced frauds becoming the foundation of the globalized political economy. However, the only genuinely better resolutions of those runaway problems require better organized crime, because the human realities must be organized lies operating robberies, while the money must be measurement backed by murder.

Wed, 07/02/2014 - 11:54 | 4917934 zaphod42
zaphod42's picture

Great rant!  Thank you!

Maybe there are more of us than I thought, who actually get it.  

Now, how do we start in motion a Consitutional Amendment that features all of these things:  National usury law (max interest at rational level - it would be better to outlaw it altogether, with fractional reserve banking) at 6%; balanced budet required except for national emergency based on both houses of Congress at 90% of all members (not just a quorum) required, and either President or Vice President can veto, with 95% required for override, and line item veto, and term limits.  

Then, add comprehensive tax reform - no deductions!  Everyone is taxed on income received.  Income = value received less cost of acquisition - which does NOT include stock buy backs - interest paid on loans (other than real estate and equipment having useful life of 5 years or greater - and loan limited to life of item).  Corporations pay at highest tax rate, and pass along payment credit with a CW-2 (corporate W-2).  Tax rates determined by total cost of budget, less other national income (tariffs, VAT, user fees, etc.).  Income includes inheritance or gift in excess of 1/2 'poverty' income for single individual.  Married or otherwise united couples combine income and expense lines [e.g.: T1 income $26,500, T2 income $53,500 = combined $80,000.  Each reports $40,000 on their return.  Tax rate for locale is 0% to 12,500, 10% next 25,000, 20% next $50,000 and rate set by budget for any additional income.  Each pays tax on $40,000 @ $0 + $2,500 + $500 = $3,000.]  Devil as usual lurks in details, but this is an offhand example of what would be needed.  Plug in your tax rate, figure national expense budget and total GDP to determine tax rate.  We would have to pay off national debt over a period of 30 years; that would pretty much screw our kids, but our grandkids would love us.  Plus it would be sustainable, make it possible to discuss spending bills without the dishonesty of having "conservative Republicans" claim they voted against taxes when the voted for the next war!  Or liberal Democrats saying that it doesn't cost anything.  Pretty much end the free lunch crowd!!!

Also, we need to rethink Social Security.  And have a discussion about single payer medical based on what it would actually cost us on a per person basis.  If we had a maximum highest level tax the would not be really punative, that would force higher levels on each lower level of tax - again, assume no tax on poverty level income, and maximum of 3 rates, again determined by national budget and GDP.


Wed, 07/02/2014 - 00:35 | 4916702 Kprime
Kprime's picture

I can't stand it any longer, it's the smell if there is such a thing.

I feel saturated by it

Wed, 07/02/2014 - 09:13 | 4917342 Took Red Pill
Took Red Pill's picture

humans are a virus

Wed, 07/02/2014 - 00:56 | 4916741 One of We
One of We's picture

Up next......19 Reasons you shouldn't shave your balls with a dull butter knife.....

Wed, 07/02/2014 - 01:28 | 4916798 Ides of November
Ides of November's picture


They're the ones that will call time on the BS. But when?

When they've recruited Germany, Turkey, France and most of the rest of Europe over to their side.

So when exactly? It will be during Obama's Presidency. So by 2017 at the latest.

Coming up this year for the BRICS.

Indonesian Election - July 9, 2014

BRICS Summit (with Argentina) - July 16, 2014

Turkish Presidential Election - August 2014

Brazilian Election - October 2014

US Mid-Terms - November 2014

G20 Meeting in Australia - November 2014

UK Election - By May 2015

70th Anniversary World War 2 Ending Celebrations - May & September 2015

Turkish Presidency/ Hosting of the G20 - 2015

Turkish General Election - June 2015

Argentina Election - October 2015

Turkish hosted G20 Summit - November 2015

Big year for Turkey in 2015 (100 year Anniversary of Gallipoli for the Antipodeans to look forward to as well - April 25, 2015).

When the G20 splits - G7 & BRICS. Watch for who Germany & Turkey side with. That will be the death knell for the current system. My money is on sometime in 2015.

Makes perfect sense for Turkey, and Erodgan, to really make their mark next year.

Gallipoli was a great victory for the Turks against the likes of Australia/ UK/ Newfoundland (Canada) - all in the G20. Interestingly - it was fought in alliance with the Germans of course....

History never repeats, but it does rhyme before I go to sleep........

I'll let you make your own mind up....

Wed, 07/02/2014 - 07:27 | 4917022 Herodotus
Herodotus's picture

The Turks need to be driven out of Constantinople.

Wed, 07/02/2014 - 03:00 | 4916865 jabhagsb
jabhagsb's picture

Clickbait 18 reasons. ya ya ya

Wed, 07/02/2014 - 05:31 | 4916935 MasterOfTheMult...
MasterOfTheMultiverse's picture

People who are asking when things are going to start happening do not understand there is no start or stop. It is already an exponentionally growing issue since 1950 or so when economic growth started to decline, however at this point in time, everyone but the top economic tier is getting affected. All the above reasons are symptoms of the growing discrepancy between return on capital and economic growth (r > g). The data clearly show that until 2100 nothing will change this course unless some radical policy changes take place.  

Wed, 07/02/2014 - 06:42 | 4916974 RadioactiveRant
RadioactiveRant's picture

Crisis?? House prices from the UKs second largest mortgage lender show prices in London up 26% (y/y). Everythings great!

Wed, 07/02/2014 - 06:45 | 4916977 tostaky06
tostaky06's picture

Why my adblock show me your advertisements :'( ?

Wed, 07/02/2014 - 07:19 | 4917012 Bemused Observer
Bemused Observer's picture

I recently installed noscript, and I don't see a single ad here. It has worked well for me...:-)

Wed, 07/02/2014 - 07:34 | 4917004 Oboneterm
Oboneterm's picture

Get out the way bitches....I'm riding this train into the sunset.......17,000 here we come........yee haaaaaaaaaa


Same story different day.

Wed, 07/02/2014 - 07:17 | 4917007 Bemused Observer
Bemused Observer's picture

Nothing happens until it does. Two observations...1) People have a natural desire to want things to happen so they can get it over with and drive on. Like a fart, it's unpleasant, but you'll feel so much better afterwards. So it is normal to be anxious to see this thing come to its head and pop already. The tension is what kills you.

And that is my second observation. We are reaching "Peak Tension" here and around the world. More people are on edge today then I have ever seen before. When you have that much tension, it doesn't take much for things to snap and for everyone to join in, if just to relieve some of it. It can gain a lot of momentum under those circumstances.

Not a good combo for those who favor stability.

Wed, 07/02/2014 - 08:17 | 4917120 Eyeroller
Eyeroller's picture

What a great analogy!

A big Yellen fart is just what the markets need to restore sanity.

Wed, 07/02/2014 - 09:18 | 4917358 Bemused Observer
Bemused Observer's picture

Seriously...just lean over Janet, and let it fly. Blame it on the dog if you have to, we won't call you on it...everyone will understand.

Wed, 07/02/2014 - 08:44 | 4917237 TeethVillage88s
TeethVillage88s's picture

Three; the government is adding to the Tension as part of a strategy or policy.

Wed, 07/02/2014 - 10:43 | 4917682 zaphod42
zaphod42's picture

Continuing the analogy, consider the guitar.  My grandson had a guitar.  Wanted to play mostly 2 whole tones higher, and instead of using a capo (temporary tension), he tuned the guitar higher.  Two days ago, the guitar bridge separated from the body from the continued extra tension (analagous to QE-1, QE-2 and Eternal QE).

So, the question you have to ask yourself is, "Do you feel lucky?"  How long before our economy flies apart?


Wed, 07/02/2014 - 08:35 | 4917200 The Wedge
The Wedge's picture

Many, many factors converging equals a slow train wreck until the end when it goes into hyper speed. Perceived sorta like the special effect in movies where everything goes into super slow motion then suddenly real time. I think the Matrix was the first to use this.

My personal opinion is that as pressures mount there will be an event horizon in the next 10-15 years. But I think most of this will drag on for years. I don't for one second believe that this will end in a single event. A long series of events is how we got here to begin with.

I don't worry to much about the stock market bubble as I only have short term plays. My concern is future employment opportunities. Remember Bill Gates quote recently about people not being prepared for technological employment displacement in about 10 to 15 years? I do and believe he is right. I follow tech pretty close (not smart phones and computers) and a lot of it is revolutionary that could change the world for the better but it's not likely to be used in that manner. AI taking over human jobs will be a big issue for the masses in a very short period of time and as Gates pointed out, most will have no idea what's happening until it's too late.

Bio technology will likely make it possible to live much, much longer in the near future as well. Genetic manipulation could be fantastic or very, very dark. Quite frankly some of the breakthroughs have been stunning of late making things ounce thought impossible now possible. Genetic splicing has made a huge leap recently with the discovery of a bacteria that can be programmed to precisely splice the human genome. It is the reason you don't get the chicken pox twice. It ads a copy of the virus to the DNA and if it ever comes in contact with the same virus the bacteria will destroy it. Fascinating. They have figured out how to use this bacteria to splice the DNA. Of course getting the new DNA to express in a living human is another story but that wall is likely to come down at some point. It brings the possibility, POSSIBILITY of X-Men in the future. No, we wont be able to fly or be a human torch but you get the idea. I'm sure the pentagon is interested in such technology. I don't have any idea what the likelihood of such a development would be but just the fact that it is at least seemingly in the realm of possibility is amazing.

We most certainly live in interesting times.

Wed, 07/02/2014 - 09:00 | 4917251 TeethVillage88s
TeethVillage88s's picture

"I believe there are more instances of abridgement of freedom of the people by gradual and silent encroachments of those in power than by violent an sudden usurpations..."
- James Madison

Reflecting on this...

Even if we had a sudden Event or Collapse, it probably would NOT solve many problems or provide a good "RESET".

The reason is that we have insiders playing with our lives. Our Bankers & Politicians would change the narrative of the Crash to something Narrow. Then their proposed solution will only allow a Small Change in our Nation or Economy.

So, a sudden Crash or Crisis means you are about to get Fucked.

A program of Reforms could be for Ill or Good. Remember Stalin & Mao. But the US has had Democratic Reforms before some you like, some you don't. Looking back seems like Reforms are very slow(decades), but maybe someone can remember a program of reforms that was good??

Me, I like Social Security, Medicare, Unemployment Insurance, Worker Rights, Anti-Trust Law.

Wed, 07/02/2014 - 10:36 | 4917666 zaphod42
zaphod42's picture

Wedge:  you are spot on here.  Most particularly with, " ... most will have no idea what's happening until it's too late."  But, then, isn't that the way it usually is?  Why should this time be any different?


Wed, 07/02/2014 - 09:20 | 4917366 udaman
udaman's picture

zh is run by aliens

why all the completely illogical typos all the time

like this from #3:   ".....threatens of spiral out of control...."

no human wrote that

Wed, 07/02/2014 - 10:10 | 4917563 Vuke
Vuke's picture

Uda, it's a typo !  Have you never made a tpyo while running with an idea?

Wed, 07/02/2014 - 10:33 | 4917651 zaphod42
zaphod42's picture

Uda:  Do you have a QWERTY keyboard? If so, note that the most common typos are from letter following or preceding the letter "o".  And, spellcheck will correct them to read some word that is real.  So, "to" is typed "fo" and corrected by spellcheck to "of" thus using the actual letters.  Other common typos, for "to" are: ro (corrected to "or"), ho (left alone by spellcheck), go (left alone) and, even "oy"!  Which is my response:





Fri, 07/04/2014 - 16:25 | 4925326 No More Bubbles
No More Bubbles's picture

It really is different this time.  Nothing matters.....

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