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We Have Just Witnessed The Last Gasp Of The Global Economy
Submitted by Brandon Smith via Alt-Market blog,

It is difficult to find the motivation to write about the state of the global economy these days, if only because there is not much left to say. I feel like I am composing multiple obituaries for the same long dead corpse. Most of the Liberty Movement and I suspect a small portion of the mainstream market understand that there is no tangible or legitimate recovery, let alone a stable fiscal ladder to rest our feet upon. There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.
You and I probably find this rather strange. We come from a long forgotten school of economics, in which demand, supply, and savings actually mean something in terms of our fiscal health. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”. I feel sorry for them in a way, because the truth is right in front of their faces, and yet, they will never see it, not until they are buried alive in it.
Nothing makes this problem more apparent than the behavior of equities in the past month.
Stocks are, of course, a sham of the highest magnitude, but they do still say something about the greater truth behind our financial condition. The fact that many market traders clearly KNOW that it's all a farce, and are actually banking and betting on the scam, tells me exactly how close we are to the end of the line. The recent near 10% drop in the Dow at the beginning of Fall must have certainly been a shock for the day trading community as well as mainstream pundits. The assumption for the past few years has been that central bank stimulus guarantees a constantly growing bull market, and to experience a considerable decline in equities even while QE was still in action was at least a noticeable wake up call.
I suspect that this decline in markets was not necessarily planned by the central banks, and was a stumble in their scheme to keep stocks elevated until after the QE taper had settled. It was also a stumble I expected a little earlier, around the end of Summer to be exact. Since the drop, central banks and the mainstream media have reacted forcefully to manipulate public perception as well as investor optimism, but this cannot go on for much longer.
In almost every instance of market decline, financial news group Reuters has injected false rumors of more stimulus from the European Central Bank. This was also the case in October as markets began to crash. These rumors were later dashed by the Financial Times, but not before the mere mention of more fiat stimulus from any central bank sent stocks soaring yet again.
This also occurred when middle management Federal Reserve member John Williams hinted in interviews of the possibility of “QE4” if the economy began to show signs of regression. Williams, of course, has no say in the decision to reintroduce QE, but this did not matter to investors, who immediately latched onto the meaningless news like anxious children, and threw their money back into stocks again.
And, most recently, Japan's central bank announced a sudden and surprising re-ignition of stimulus measures to the tune of 80 Trillion Yen a year. This announcement, once again, sent global stocks skyrocketing, even though it was a stark admission by Japan's financial elite that all their inflationary printing efforts for the past several years have failed miserably. As I have warned in the past, when bad news becomes good news because bad news promises more central bank intervention, the economy is truly on the verge of a reckoning.
Hopefully, we can all see the trend taking place here. With the end of the Federal Reserve taper now complete, and questions circling as to when interest rates will be raised, a market volatility not seen since 2008-2009 is returning. The ONLY measure that has slowed the crash is the use of false news stories hinting at further stimulus, as well as futile efforts by other central banks to pick up where the Federal Reserve left off. This shows that the investment world is so thoroughly addicted to QE that even the mere hint of another small fix of their favorite drug is enough to get them out of bed and excited. They know that the entire system is rigged by central banks, and they don't care. In fact, they revel in it. The only goal of your average day trader now is to profit on the scam for as long as humanly possible, even though the ultimate conclusion of the scam will mean the utter destruction of their profits and the end of their way of life.
I hate to use a cinema analogy for a very real threat, but investors today remind me of Joe Pantoliano's character in 'The Matrix'; the guy who is fully aware that the Matrix is an illusion, but wants to experience the pleasure of the illusion all the same. So much so that he doesn't mind being exploited like a slave by the system, and is willing to sacrifice all measure of truth and even the future just to get a taste of the fantasy again.
But what is the reality that the central banks are trying to hide, and why? This I have written about in detail on literally hundreds of occasions, so I will only cover the very latest news briefly here, and why I think the overall dynamic is about to change for the worse.
Global exports, and thus consumer demand, are plunging. Germany, the only pillar left to prop up the failing European Union, has experienced a severe decline in exports not seen since 2009.
China, the largest exporter and importer in the world, and Chinese companies, have been caught in a number of instances using fraudulent invoices to artificially inflate their own export numbers, in some cases reporting 50% more exported goods than had actually existed.
China's manufacturing has also declined for the past five months, exposing the nature of its inflated export stats and indicating a global slowdown.
The Baltic Dry Index, a measure of global shipping rates for raw goods, and thus a measure of demand for shipping, continues to drag along near historic lows.
The U.S. consumer (the only economic asset the U.S. has besides the dollar's world reserve status), has seen declines in spending as well as wages.
In the meantime, long term jobless Americans continue to fall off welfare rolls by the millions, making unemployment numbers look good, but the overall future picture look terrible as participation rates dissolve into the ether of government statistics.
How is such poverty being hidden? Foodstamps. Plain and simple. Nearly 50 million Americans now subsist on food stamp programs today, and this number shows no signs of dropping. In states like Illinois, two people sign up for food assistance for every citizen that happens to find a job.
But this is all rudimentary. Most analysts in the Liberty Movement agree that our fiscal structure is on the edge of collapse; what they tend to bicker about is HOW and WHEN the structure will collapse.
Guessing market declines has been extremely difficult in the midst of a fiat soaked fiscal environment. Nothing is ever quite what it seems. My predictions of a 10% drop by the end of Summer were off by three weeks. Because of the nature of QE stimulus manipulation of the Dow, our only real guide has been the timeline of the Fed taper, and the fact that major banks have been relying on fed fiat to continually cycle capital into equities through the use of low interest loans to corporations and the stock buyback scam. Company buybacks have given steady boosts to the markets at least since 2008, and many corporations are using up to 50% of their “profits” just to continue buying their own stocks.
This strategy, however, is reaching a point of diminishing returns as many companies are issuing too much debt in the process. IBM is a perfect example of a company that has hit the ceiling on stock buybacks. This odd coordinated attempt by corporations and central banks to keep markets propped up even as companies sacrifice whatever debt stability they had left indicates a state of collusion between such institutions that goes far beyond the mere idea of "mutually assured greed". Since at least 2008, there has indeed been a "conspiracy" amongst banks and international companies to generate a massive stock bubble designed to keep the masses calm and placated. However, these groups understand, better than many give them credit for, that such measures will have to end, or be revealed.
With the taper finished and QE money drying up, it is important to ask a few questions. For example, how are companies going to continue to accumulate capital to dump into their own stocks if fed money is becoming scarce and consumer spending is in decline? And, if they can't continue stock buybacks because of a lack of funds or an overburden of debt, how are equities markets going to stay afloat?
And what about government debt? As it stands now, foreign interest in U.S. treasury bonds is waning. The vast majority of new bonds sold are short term. Until now, the Fed has been the primary buyer of long term debt, snapping up 10 year bonds from the market while other investors lose confidence in America's ability to pay off liabilities in the future. Now that QE is over, who is going to buy the ever expanding U.S. government debt? I aimed this question recently at a Fed cultist and his response was “Well...obviously somebody will buy it...”, though he couldn't specify.
The spike in short term debt purchases after the end of QE3 was also predictable, but it can only be sustained IF stocks begin to fall considerably yet again. Think about it; interest in U.S. debt has been on the decline for years, not just because foreign banks are shifting away from the dollar, but also because stocks have been a much more attractive investment with greater returns guaranteed by Fed QE. The taper announces a violent change in circumstances. The only way for interest in U.S. debt to be energized, even for a short time, is for stocks to crash, leaving bonds as the only safe haven left. I discussed this development in detail in my article 'The Final Swindle Of Private American Wealth Has Begun' at the beginning of this year. All other investment avenues seem to be in decline, from foreign markets and forex, to commodities like oil. Even gold and silver have taken a hit. For the average investor, if a route in stocks occurs, they will immediately jump into bonds. This plays into my theory on the coming financial end game, which I will be discussing in my next article.
Investor's are counting on an eventual QE4, but I think this might also be wishful thinking.
At the end of 2013, I predicted the Fed would indeed follow through with the taper of QE3, and that they would drastically reduce stimulus measures. I believe this is in preparation for a major implosion of U.S. markets in particular. The whole point of the taper is to support the illusion that the U.S. economy has recovered, and that the Fed has “accomplished its mission”. When a crash does take place, I think it will be ALLOWED to move freely and that new QE intervention will not be taken. I have no doubt this crash will be blamed on an outside force or act of fate (the ebola outbreak, which is doubling in cases every three weeks, is a perfect possible catalyst), and that banks will be absolved of all blame in the mainstream.
A coming crash is not only my personal view. It is important to note that behind the background noise of the recovery party, international bankers are sending a very different message about economic health.
On the same day as the Federal Reserve announced the end of QE3, former chairman Alan Greenspan gave a speech to the Council On Foreign Relations in which he lamented that the QE unwind would be painful, that stimulus measures had not achieved their goals in the past, and that gold might be a good investment today.
The International Monetary Fund and the ECB also released statements warning that “accommodative stimulus policies” could contribute to economic volatility. That is to say, stimulus might be setting the stage for fiscal instability. The IMF claims that “bold action” is required to “reset” the global system.
And, the ever present overlords at the Bank Of International Settlements have posted a stark warning about our financial future, predicting a “violent reversal” in markets. The last time the BIS made such a prediction was in the summer of 2007, just before the derivatives crash. But this is the M.O. of the central banks, to warn of coming calamity just before the event, but not long enough before the event to make any difference. They present themselves as prognosticators of economic future, but in reality, they are the instigators of every disaster they predict.
I do not know how the markets will react to the likely landslide "victory" by Republicans in mid-term elections (can one ever be "victorious" in a rigged contest?), but what I do know is that a Republican majority offers an even greater opportunity for further collapse. Negative movements in markets that have been obstructed through manipulation can now be unleashed and then blamed on "government gridlock", or the inability of conservatives to "compromise" fiscally. A Republican shift in government only offers more cover for a collapse that is slated to occur regardless.
I believe that the admissions of financial danger by internationalists, the sharp drop in stocks at the beginning of fall, the reversal of the political theater, and the fact that mainstream investors now recognize the illegitimacy of the markets yet continue with the scam anyway, signals the last gasp of the global economy. I expect increasing market instability from this point on, as well as numerous geopolitical distractions which will be blamed for the fiscal chaos. I have left out my explanation of the final end game so that I can cover it more fully in my next article. Needless to say, the coming storm is a deliberately engineered one, meant to achieve very specific goals, including a fearful and panicked populace, easy to manipulate as the system goes off the rails for the last time.
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There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt.
You forgot manipulated markets. Who has been dumping billions in gold at 3 am every night? Who has been levitating US stock markets?
For the 0.01%, things are just great. Big City real estate values are going through the roof, paid off mayors are rubberstamping 90 story buildings, environmental impact statements and impending power shortages be damned. Complain, as Occupy Wall Street did, and Obama and his FBI, working in concert with mayors all across the country, will sic the police on you, arrest you, molest you and, in a few cases, kill you. You are in a dictatorship run by New World Order members who consider outsiders as "residue," wastes of humanity good only to drink fluoridated water, eat GMO food and aspartame and work til you die. Happy Guy Fawkes Day!
Damn, a long read but well worth the time. Sounds like the wheels could come off at any time. My question, when this money flows into bonds, what happens in the gold market.
The paper gold market must die. Physical gold will have a new important role to play in the wealth of nations and of the individual. Buy physical and short GLD. As your gold becomes 'worthless' at least your dollars will increase as GLD tanks. Those who think the system that allows gold to be naked shorted and at the same time believe that these funds will be forced to give up their physical (or cash you out at the new high price) have just not thought things through.
You put real gold through a fire and it gets refined. You put GLD paper through a fire and it turns to ash...
*cough* but silver is totally different *cough*
likely nothing happens to gold, you people expecting gold to go back to 1200/1500/2000/50000 ounce overnight? think again, it'll likely get surpressed even more. Go ahead down vote away.
A revaluation IS the likely way to a new higher gold level. When it happens people will say...why didn't they do that before?
They can't now though while the dollar still functions.
btw even $5,000 per ounce is too low to function properly. If the dollar is dead the dollar price of gols is meaningless but fofoa suggests the purchasing power could be roughly 40 times the value of its dollar value in 2009 (might buy a nice car). Gold did 'reset' between 1971 and 1980 by a factor of 24X so it is not just a wild crazy idea. Gold will be used and it's price, even if set by the market, needs to be high.
You can't shoot an arrow without drawing back the string.
My question is when all markets are broken and international relations, at virtually every level, are in disarray, what mechanism would there be left for price discovery (a market?) that will determine value for PM's etc?
For instance, the collapse has happened, markets are broken and no one has a clue other than a dollar bill is worth less than toilet paper (if not already), and you might have 10 ounces of gold, how would you determine a just value in order to acquire something you need?
Will a loaf of bread or gallon of water be equal to an ounce of gold? or will an ounce of gold buy you a house???
That will be sorted out ratehr quickly by exactly how hungry you or anyone else in your city is. A loaf of bread may go for a few grams in some places and for a couple of ounces in other cities. Just depends how close people are to dying of hunger.
So that's how a free market works. Interesting.
Hunger has a strange way of overturning societies.
You can have the most powerful and wisest men at the helm, and if they do not dutifully respect the power of the stomach--of that of hunger--they will find themselves at the end of their lives.
The mind can lay out plans and we can talk to the point of meaninglessless, but push a man to survive and all you're doing is preparing your own noose.
In the end, the stomach rules even the greatest men. They are at the mercy of the masses. As long as you can keep them fed, you can do what you will.
But, silly men tend to lose perspective and think that the docile plebes can be pushed around. Their wants are simple, but TPTB always fuck up in the long run. They can paint it any way they want to, but the simplest and most powerful force in civilization is that manifestation of will when men are forced to survive, and provide for their family.
Then again, these PTB are pretty smart, if you think of it. They destroyed the family structure in this country. Men aren't afforded that instinct/role of the protector.
<-fiat soaked fiscal environment->
Keynesian Wet Brain!
DaddyO
edit: Go study 'The Corps of Discovery' and see how hunger and survival shaped their decisions.
Well said. Deus impeditio esuritori nullus.
Considering that 99% of the hungry "folks" will have no gold you can be certain that it will be violence - not ounces of gold that will be "buying" the bread.
I just noticed that my Remington Versa Max shotgun is on the UPS truck - status "out for delivery".
I always wanted a semi auto 12 gauge - 22" barrel and 8+1 - should be a sweet shooter -
If you down arrow me please let me know if it is my comment or choice of shotgun -
I planned on buying a Benelli M2 with the 21" barrel - but they are almost $2.5K - the Versa Max was only $1K so I bought a GEN4 G26 & G21 and still have $ left over for ammo.
Nice. Enjoy!
How will gold be valued? By supply and demand. Just think what the demand for gold will be when fiat collapses. Exters pyramid?
This will sound overly simplistic, but if price discovery is your aim, look no further than ebay (for national and/or global pricing) and Craigslist for regional and local.
The PM market on ebay is very robust and eminently trackable. Premiums on silver have settled down a bit but are still around 20%. Want to price furniture, cars, local produce, Craigslist is your boy.
It's not rocket science, but ebay and CL are actually robust markets for consumer, business and industrial goods that are not manipulated. Best examples of free markets we have going, and, the best part, they're for real things, not paper promises.
I've given that some thought and what I've told my son is that in 1964 three dimes (90% silver) would buy a gallon of gas. Over the previous ten years the yearly average price had varied no more than a penny. I told him not to think of the value of silver or gold in terms of dollars, but to use this as a reference point comparing the gallon of gas to other things of value. At this point in time those three 90% silver dimes will buy more than a gallon, so I wouldn't make that trade right now as silver is most likely under valued. I also told him to think of 30 to 1 as a base ratio of gold to silver. I'm a little less certain about this one, but you have to start somewhere. I've also taught him to be aware of the price suppression in order to maintain confidence in the current banking regime. Bottom line is I want him to establish a way to value his inheritance with a measuring stick based in reality.
yes, the comex can kick the can almost indefinitely
http://kiddynamitesworld.com/precious-metals-charlatans-freaks-of-the-in...
likely nothing happens to gold, you people expecting gold to go back to 1200/1500/2000/50000 ounce overnight? think again, it'll likely get surpressed even more. Go ahead down vote away.
It will decline to ZERO.
I will be laughing my ass off while trying to find sellers of Physical Metal who will sell into decreasing paper prices.
The value of a non performing contract, after all, is ZERO.
The reported price of Gold is the a one hundreth of the price of a contract that promises delivery.
So no I will not give you a downarrow.
If ever reported to be $5000 overnight there will be no sellers. That means that a hyperinflation took off. Now that will be a nightmare for me...and maybe the actual death by famine with a subsequential starvation for you.
May the Good Lord forbid that but, unfortunately, that is what is doubtful.
I welcome price declines.
Tom, speaking of non performing contracts, I don't have a feel whether the ideal positioning will be on CDS on the sucker writing equity hedges or the flip side of the hedges themselves. Wonder which side has the stronger hand? I know which way the gut says, but....
For me, counter party risk is all there is to think about. If I can "default" I get the final say. You could sue for your claim, but if you do it at a time when everyone is suing for their claim, get in line. If it's really on, I bet everyone gets wiped out in the Tsunami of unwinding margin calls and bets gone bad.
For me, the ideal position would be to not rely on a CDS. But if I am in the swap, be the counterparty risk. If you are big enough, shrug your shoulders and say it all "vaporized."
It was interesting to watch the derivates game changes after 2007-9 where US legislation was passed to put derivative parties (those buying the contract) first in line as claimants against the counterparties (the issuer), including bond holders and secured debt holders, let alone equities shares or account holders in the institution. THEN BoA moved all its derivatives contracts from its shell (used to isolate liabilities to the main BoA corp) to an arm under the BoA corp, creating direct exposure to claims. No news if Goldman or Morgan had to do this, or if it was already so ordered, and BoA was just being told to to the 'right' thing. Unsure.
What I AM sure of is that when this pig blows there will be nothing at all left. Account holders will simply be told to go fook off. Same all the way up the ladder, until the parties are saticfied. Which means never. In a relatively orderly work out the top 4 could very well become wholly owned subsidiaries of European, Chinese and Japanese corps.
Welcome to the new masters, same as the old masters, 'cept the foreign interests will indeed drain the corpse of the USA of every last drop of blood that remains.
Sure like Silver - Price is record lows but the dealing windows have no inventory.
This is like Future Shop telling you they have a wicked deal on a high end laptop for $199 but sorry there are none in stock.
Phys is Not Paper!!!!
Phys prices are truly 30-40% higher. Ask your bank for the cost of a piece of certificate paper representing an ounce of gold and then turn around and ask for physical delivery and how much.
No, War and Peace is a long read so this was nothing.
What happens to the gold market?...It will no longer be priced in worthlesss paper currencies. The point here is that the USD is only going to be good for use as wallpaper, while gold will continue to be gold.
If you have the capital, no worries about return OF the capital.
I have not seen it yet so I will say it:
GOLD BITCHEZ!
If you don't need the cash now, sit tight. The ride will be turbulent.
"It is difficult to find the motivation to write about the state of the global economy these days, if only because there is not much left to say. I feel like I am composing multiple obituaries for the same long dead corpse."
Then do us all a favor Brandon and quit writing and go away.
No one is forcing you to read his articles. Stop acting like such a chump.
He's paid to act like a chump.
Then you do us all a favor and go back to reading your MSM propaganda about how terrific it is.
If you cannot handle the reality of the meltdown then you do not belong here.
Your fantasy is coming to an end soon, very soon.
Unfortunately it will be a very rude awakening...for you.
It's NOT the global economy, stupid.
It's the proven global reserve of oil, stupid.
too right
President Gas
https://www.youtube.com/watch?v=b6VFJJ4toRg
i upvote you for your name
LOL oh hey, thanks.
That would probably fall under the category of "expanding debt", since it is the central banks that are doing most of the manipulating through fiat creation (debt creation).
When the Fed buys MBS they are not creating new money. They are selectively saving debt that likely would have gone bad. This helps the banks but also preserves the savings of the individuals whose pension plan held those MBS.
The are essentially creating new money when they buy treasuries, but again they are buying debt and holding that debt as though it would eventually be repaid in good money.
Only a bit of this directly benefits the 'evil bankers' most keeps some peoples savings intact.
Yes it is irregular but these are desperate times.
No, it is money creation. Whenever the Fed buys anything in quantity from the market, it creates new fiat, because the Fed does not have its own capital in the traditional sense. You could argue that it's just numbers in a computer, but someone somewhere is expecting those debts to be paid, and eventually, cash will have to be "created" to service those debts. There is very little difference between what the Fed is doing and what Weimar Germany did. The Fed uses numbers in a computer, and just hasn't reached the point at which our currency is no longer accepted as payment. That day is probably coming soon, and the only benefits go to the "evil bankers", being that they are the first ones to recieve the new money, and the first ones to spend it before it is devalued. Desperate times do not call for more fraud.
Yes new money is created...my intended point was that it was not 'from nothing', it was to replace a bad debt.If debt fails it removes 'money from the system, credit money...the Fed replaces credit money with base money...gotta do that to get the wheelbarrows full of cash...
Bad debt doesn't remove money from the system, the money is still in cirulation, just not paid to the rightful creditor. The Fed's money creation does not erase the debt anymore than debt erases money. It is simply a transference of debt from one entity to another. In this case, it is the transference of debt from the banks to the American taxpayer.
Or put another way, almost every dollar printed by the Fed is a dollar transferred from the working class to the banks. It is a fucking crime against humanity and virtually nobody has the slightest idea that it is occurring. In fact, people get very irate when you suggest it to them. Its so fucked up beyond belief I truly believe that I am going fucking insane. Iv just about shit my tits.
I have, I'v fucking lost it! I'm dribbling all over my keyboard, I'm sweaty, I'm having a real heavy period, my nipples are rashed, I'v poked myself in the eye, I'v soiled my 'Depend' man diapers, I'v turned my back on the sea whilst running with scissors, I'v let off firecrackers in my pocket.. on purpose, all while updating my fucking shitty life status on Facefuck. I am fucked!!!!!!!!!!!!!!!!!!!!!!!!!!!
HELLO! Are you still there?? Anybody???
any nailguns in the house??? i hope not? this shit can drive one to a place of depression. but ask yourself? why would i take serious something i cant change...plus you can fuckem by not playin the game. opt the fuck out where possible and prepare for different world in the not to distant future. stay in the "sane zone", with some laugh. fuckem, don't give a shit, haha, lol to offset the reality of their crimes against humanity...
Don't worry chubby, it'll pass. It's just birth-pains.
https://www.youtube.com/watch?v=Z8eKxVCFoUk
Shit my tits!! ha!!! Totally hilarious.!
Exactly. They are transferring the banks' bad debts to the public. If/when they feel the banks are safe they'll hit the reset button on interest rates and the public will take the massive losses.
allows them to sell cars, homes and keep a faux credit stressed economy flowing with risk born to taxpayers, instead of banks, totally fuckered u; FASCISM DEFINED, hence sign and drive just like sign and move in. sign and learn, ha, lol ....
sign your fucking life to debt servatude; how stupid can people really be??? sign em into the insane asylum.
"Only a bit of this directly benefits the 'evil bankers' most keeps some peoples savings intact."
Oh please.
That part of QE - the central banks buying toxic assets off the banks at ten times what they are worth - is *entirely* for the benefit of the banks because at mark to market they are still insolvent (even at 33:1). If/when they ever got solvent again the interest rates will be reset to normal and everyone but the banks will take the hit from all those toxic assets that got shunted onto the public and very large numbers of people will lose their savings, homes and pensions. It is absolutely 100% for the benefit of banking mafia and if they can hold the line enough for a controlled reset (as opposed to a chaotic reset which is more likely imo) it will be exactly like Weimar where the banks ended up owning everything because although it was the banking mafia who screwed up they'd bought the politicians and so the public paid for that screwup.
Exactly! Balancing the books enron-style, but on a much grander scale.
Your savings are not intact when the value (the buying power) is being inflated away.
The debt needs to go bad overtly, on who ever owns it, so that the underlying assets can be sold to someone who might be able to do something productive with them. What this does is make everyone pay for the bad debt, not just the people who entered the contract.
I have hope Boehner and Mconnell will fix everything.....Great article btw...spot on.
/yeah right
Did you eat your fried chicken today?
What...With a black president....there is no FREE fried chichen and watermelon
Quit making fun of Supreme Leader Ayatollah Obama Infidel!! If he says he is creating jobs and the economy is improving you better listen or he will sic his snack bars onto you...
Thought they were 'Allen's' snack bars?
"I wuz promised some fried chickie yesterday, and all I got today from the Wookie wuz some chicken lips and chicken feet...dat fried crow wuz'nt very gooder either."
.....neither......there, fixed it for you
One click to CNBC and you'll quickly get the feel for how desperate things really are.
We pay people to keep us safe....Hold on...there is a knock on the door....(background)....oh shit....what the fuck did I do
Yep, the deck is clear for the crash now.
President with nothing to gain? Check
Global institutions have their alibis in place? Check
FED "accomplished" its goal? Check
We have all the-ir money....check
We can have little doubt that nothing that happens is accident, coincidental or unforeseen. We are being herded like domesticated live stock as sure as we are breathing. Our outcome will likely be similar.
When I was in my early twenties, 23 to be exact, I built a home and provided for a wife and two children. I did not have a degree, did not even have a high school diploma, only a GED.
I had a good job that payed a decent wage. What I accomplished was not that uncommon.
Today, a person needs a degree for menial work and the god almighty corporation and government sets the rules.
Young people often cannot consider moving out of their parents' homes and more and more are finding themselves stuck there when they should be thinking of starting families and so on
If we don't do something to change this, the young will eventually get frustrated and push back, big time.
In order to have hope, a person must see a possibility. When even entry level work is vanishing or hours cut back where a full week at minimum wage is impossible, there is a problem. Some people may not interview well, nor have the education, but be a great employee. Will they ever have the chance? In this politically correct and super 'efficient' high tech, robot loving, social media adoring environment?
No.
The costs of production are more than just wages. This overhead is driven largely by government, the same governmnet that demands increased minimum wages. These increased costs are driving the automation that is eliminating jobs for the low skilled workers and is working its way up the chain. Markets are dynamic and nothing is forever but the extra top loading government provides is simply accelerating our failure.
I went looking for a wireless data provider today. I wanted a prepaid plan, I didn't want to be tied down to a two or three year "contract"
These organizations are as bad as government. They could care less about a customer and I am a potential customer and a good one, willing to spend over $100 a month for a wireless connection to the internet.
One wanted to do a credit check, even though I was willing to pay for hardware up front and prepay the service.
The other carrier wanted two picture id's I only have a driver's license issued by the government, but that wasn't good enough.
I walked out of both places, I am not that desperate.
When businesses were smaller and owners were around, a person who paid up front was usually greeted with a smile and little things like not having a second picture ID would be no big deal.
Look how far we have fallen.
www.republicwireless.com
"when they should be thinking of starting families".
Like all greedy and selfish human beings we have had, as a species, all the kids for the next couple of hundred years, now. Just like unbridled debt expansion pulls future demand into the present.
It's time, people, to hunker down. Bring children into this world at your and their peril. Think about the world they are inheriting. Think about the conditions they will be thrust into. Not your honky dory white picket fence, manicured lawn, freshly painted house with your wife and two cars and 4 kids. Think about what is happening right under our noses.
It's going to shit and I suspect life is going to get a little unpleasant. Surviving ourselves may turn out to be a challenge, but as a family of four, six, eight, ten - GOOD LUCK.
All you individualist types are going to get eaten by people operating in groups in exactly the same way the individualistic original US population were financially eaten by the banking mafia.
And having a whole lot of dependents is going to save you?
ten year old dependents no. fit 20-something descendents might.
pagepluscellular.com is good too....verizon network.
Gotta have a ton of capital to do that (think Venezuela if you're wondering who doesn't por ehemplar) and it is nothing short of miraculous that the U.S. economy is even alive let alone kicking.
Read up on your Scottish Renaiisaince and then ask yourself "how is it we can't afford a minimum wage increase but we can afford trillions in bank bailouts."
There is a better way. The U.S. economy should be growing double digits right now.
No I didn't hear one mention of the word "gold" in this election campaign.
Nor obviously the word "risk."
As a professional at pissing people off, rubbing people the wrong way and being the "most offensive person in history" all i can say is "can't hold a candle to the USA right now."
I think God hates us for all too many reasons. Where is the common sense any more let alone sense of proportion?
Glad for the change in power...but Jimmy Carter looks more and more like one of the best one term Presidents in history.
The US is a failed nation. The people have done it to themselves. It'll happen in Japan, Europe, Australia, Russia, China, Middle East. Fascinating juncture in history. The decline is palpable. Stark. One really notable pattern of behaviour can be found right on this site. Most people here are far more aware of what's going on yet we sit on our asses writing comments on a forum. without the slightest intention of ever doing anything to turn the tide. I've tried to understand this in myself and I think it's just a sense of helplessness that prevents us doing anything. The problem is way too big. Our efforts, no matter how gargantuan, would be far too small. I suppose that's what makes certain identities stand out in history because they do get off their ass and do something, and every so often succeed.
It's going to get ugly and if there are not millions dead at the end of this ride I will be very surprised.
Captive audience.
They are helpless because they dont know what to do and ones who know what to do dont have the patience or discipline to follow through.
Most people would want the change to happen like a piss break while watching tele, cannot wait to get back to their couch.
What has been breeding for centuries cannot be undone in a few years.
There is no Will. There is no conscience. There is not Faith (for ones who claim to be religious).
It will stay like this till the EBT cards work and then the things will get real messy, and not necessarily for the better.
Expect a demagogue ot take over.
The banking mafia did it - like they did so many other times in history. Bring down the banking mafia and everything is fixable.
What I am not sure about is, if they want to live off others earnings i.e. free money (which I can understand, I wouldn't mind either) or they want to own the Whole World and everything in it and force others into misery (which is plain sick and evil)?
Living off others is doable and I dont think people would mind, as long as you let them live their lives. Its the owning and controlling the whole world where is gets ugly and ends up in a failure.
I think it is 95% living off others and 5% own the world. It's just their mechanism for living off others - if it's not restricted - ends up with them owning the world (briefly before the economy collapses because no one else has any money and supply and demand breaks down).
dp
dp
dp
You have never been in a crowd that panics have you ?
The whole world is going to panic.
The system is too far gone to fix. Maybe 40 years ago it could have been diverted from
hitting the iceberg, now all you can do is look after your own.
I have and you are probably right. I'm personally expecting it to end as a fast zombie movie like a bigger version of the deliberate famine in Ukraine. However in terms of the *mechanics* of it I think it is easily fixable (i.e. nationalize all the banks, put the top three tiers of management in jail, hive off the toxic assets into a bad bank and burn it, refloat the banks in a healthy state etc). It's easily doable imo.
Well that's all doable but for the most part society is organized only for fractional reserve banking so how to fix that? Do we need all of this complexity in rules like accounting or law? How many real estate agents do we need, for instance? Or used car salesmen? What happens when "credit" goes away because it's based on a fraud by bankers?
See, the problem is that the degree of specialization that we have evolved (devolved?) into as a society is a function of fractional reserve banking and gov't. When that unwinds, folks who have a skill set that is not useful in the "unwind" (which is most of us) are either going to starve or steal (unless they have prepared for the unwind AND the unwind timeline fits their preps). For the gov't to step in and "fix" this mismatch (commonly called malinvestment), they have to steal from a producer via FRN's or directly through taking their production. The FRN's will stop working as will the enforcers who get paid by FRN's. The producers are stuck bartering and/or being stolen from (and that is assuming they can get the inputs necessary to produce, which is certainly going to be a problem, no man is an island).
So, it really depends on whether TPTB have a plan B to implement while they still have control over the enforcers. If they don't or they are too slow to implement, all bets are off because society has evolved from being relatively self-sufficient into being totally reliant on a currency system that allows for specialization. If that specialization system breaks down people can not survive. THIS is how they will sell plan B, no matter how heinous it is. IMO.
Sure, current society has been wired for FRB at say 10:1 nominally (and 33:1 in reality) and now at 33:1 nominal (and God knows what in reality) so how can you wind that back all in one go? You probably can't so don't, do it a little at a time instead.
We have been off-track as a civilization for a loong time. This is not a contemporary event, just approaching the apex of an exponential curve. Read Quinn, Ishmael and B. Breath bro.
For someone with ONLY a GED, you write well. By the way, most high school graduates cannot pass a GED test.
Folks educated in the 30's & 40's (probably into the 50's maybe early 60's) had a high school education that was superior to a lot of college grads today, especially writing and math. If you don't believe me, google an old 8th grade test and see how well you handle the questions.
Supreme Leader Ayatollah Obama does not condone this negativity against his kingdom. He had said that there is growth and prosperity, such nonsense will not be tolerated!
Mass immigration and offshoring - lobbied for by the banking mafia.
Contagion could indeed become a major problem, we are all interconnected for better or worse. Some people have been calling for a "world currency" for years. the saying "one should never let a good crisis go to waste" means a meltdown with high levels of fear would present a perfect opportunity and catalyst to advance this agenda down the field. Remember many people with agendas have a lot to gain when a major shift in the currency markets takes place.
Even with some countries not participating in such a currency dislodging the American dollar as the world reserve currency represents such a shift. Calls for a new world currency may grow over the coming years, if the world stumbles into an economic hell the noise could become deafening because people and their leaders tend to look for easy answers. More about how chaos in the currencies might bring about a new world wide currency in the article below.
http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-currency.html
A single world currency infers a world bank that would control currency creation. What limits could there possibly be to limit endless inflation when there are no competing economies and currencies. Yes we currently have currency wars but at least they are fairly transparent. We see the Euro tearing up Europe while they demand a Euro governance to control it. A single world currency, bank and government. Hail the emperor next?
Again "gold."
There is your one world currency. Solves the problem of a one world Government too.
THE IDEA OF A BASKET CURRENCY SDR , MADE OF VARIOUS CURRENCIES AND GOLD IS JUST A GAME THEORY DEAD END.
THERE CAN ONLY BE ONE! HIGHLANDER IS GOLD. GO AHEAD AND TRY AND CUT GOLDS' HEAD OFF.
central banks around the world aren't going to cut their nuts off to throw them into a new bretton woods. they are going to compete and just buy more fucking gold. when there is NONE left to buy and the gold markets SEIZE UP. then you will know the end of the beginning of the wargames has come.
The Silver market window is out of phys already - it's starting now.
US MINT RUNS OUT OF SILVER : http://www.cnbc.com/id/102156172?trknav=homestack:topnews:7
Just $50 Million of Silver Left? : http://www.silverseek.com/commentary/just-50-million-silver-left-that%E2...
THERE IS NO PHYS LEFT PEOPLE - THE GAME IS UP!
Well new game on then.
"Hail the emperor next?"
Yes, single central bank pulling the strings with a pet Emperor to act as leg breaker for them.
Banking mafia heaven - aka hell.
Great article. I wish I could have put that into words myself.
Storm the Bastille!
Time to take another look at the exeter pyramid:
http://en.wikipedia.org/wiki/John_Exter
Like George Carlin said: "Circling the drain...let this shithole go..."
I just hope I survive long enough to see some of the primary war/finance criminals dismembered, disfigured, and disassembled with a great array of sharp metal tools...slowly!
Imagine Cheney on a table, a gathering of scoople (scalpel with a spoon-shaped blade) wielding vigilantes taking him apart, spoonful by spoonful.
God, if you are listening, you know you've done much worse--or better, in this case.
Since I'm more of a pacifist and a pragmatist I think the best way is to just fix (as in repair not 'rig') what is broken first and worry about the rest later. If they think they will be pitchforked, hung, shot, pissed on etc. etc. they will use the maximum force of the state (police/military) to maintain control.
Make no mistake they will kill everyone who posses a threat to the corrupted system they designed.
Maybe put them on public display naked in a zoo exhibit later on... throw raw meat over the fence and watch them savagely fight each other for it.
It's for the children after all...
"if you are going down you can always try to take one with you" or words to that effect...W. Churchill
The collapse and the arrival of ebola seem a bit suspicious to me. These UCLA people are putting out a lot of money for this ebola crap and they are not the type to do that without a reason. This could get ugly and Loyd Blankfein and all the rest of the globalists the ones Putin call the New World Order are behind it. I think we have a problem.
To the Campus Community:
Over the past month, we have continued to refine and strengthen our Ebola preparedness at UCLA. Drawing on expertise from across the campus, particularly in the UCLA Health System, we have worked diligently to establish and test procedures to effectively and humanely care for people in the event they are stricken with Ebola, and to prevent the spread of the disease.
Specific steps being taken to ensure that we are prepared include:
Maintaining a designated Ebola response team of nurses and physicians.
Working closely with the California Department of Public Health, Los Angeles County Department of Public Health and the U.S. Centers for Disease Control and Prevention to maintain awareness of the situation.
Posting signage in emergency patient care areas to help personnel screen for patients who could be at risk for Ebola, and reviewing patient histories and triage processes with clinicians to highlight surveillance.
Conducting training on personal protective equipment for key emergency departments, intensive care, critical care transport, clinical laboratory, environmental services, and safety staff and faculty.
Continuing to conduct patient drills at Ronald Reagan UCLA Medical Center and at UCLA Medical Center, Santa Monica to fully validate our plans and processes, and to look for additional opportunities for improvement.
Holding town hall meetings for Health Sciences faculty and staff to provide an overview of our plans and answer questions.
Please be assured that we are all working cooperatively throughout the UCLA Health System, within the University of California system, and with our local, state and federal partners to make certain we are prepared for any eventuality. This includes protecting all of our employees, students and visitors while providing the high level of care for which we are known.
Please also know that you can always find the latest information about our preparations online at the UCLA Health Ebola preparedness web page.
Sincerely,
A. Eugene Washington, M.D., M.Sc.
Vice Chancellor, UCLA Health Sciences
Dean, David Geffen School of Medicine
OK, so we have a guy from the Liberty Movement forecasting the great crash via rational-sounding chicken littleing. Good. Of course, authoritarian Progressives also so forecast, but they crave subordination of society by an all-powerful state which they control, and their solution to this mess is a tyranny. Ergo, the question is: Is the Liberty Movement authoritarian Progressivism in disguise?
From an NRO article "Moving the Liberty Movement":
... the questioner ... (asks a conservative Congressman) “What would you say to the people who believe ... that we should not work within the system to try and fix it?”
“Well, I don’t know how to convince the people who don’t want to work within the system,” says Amash. “We have a system here. The Founders of the country certainly believed in working through a political system. That’s why they put it in place.” He defends the American system as the best protector of liberty. And he concludes by arguing that anarchy would eventually end in some sort of government anyway.
So, the Liberty Movement seems not to crave a tyranny, and seems to counsel working within the system.
Congratulations, Liberty Movement, then, on your victories yesterday.
You know, ZH is a great place to learn political shit.
I said this a while back like many others have observed, the reason it keeps going is that everyone is code hosed. People have been so called markted like crazy to believe false numbers and heck I watch it all the time, put a press release or story out there referencing some math model and hot damn they all suck it up. As a mathematician stated a while back "oh that formula has a square root in it too, must be good"..that was Charlie Siefe at NYU. He's very good on telling folks to be a skeptic. Great video if you have not seen it, "Context is Everything" and he's quite entertaining.
Al Franken didn't have to deal with "lizard people" this election like before. That was a goofy write in name and the state spent I don't know how much money to make sure a person really didn't exist by that name on the write in voting ballot.
http://ducknetweb.blogspot.com/2012/01/context-is-everythingmore-about-dark.html
People day to day now that are fed junk media confuse the real world values with the virtual world and boy does it show, I call it "The Grays". It's a big problem. Even the White House has used junk science numbers with their email bot that nobody can predict, and that's sad.
http://ducknetweb.blogspot.fr/2014/03/virtual-worlds-real-world-we-have....
It's all about calling in "proprietary code" that lies its ass off with risk fiddling too. I actually got the US FCC CIO to agree with me on that but that's as far as it went:)
http://ducknetweb.blogspot.com/2014/08/somebody-needs-to-start-calling-foul-on.html
Now we have the battle of the quants in healthcare too with hospitals hiring more to keep up with the ever growing army of quants with health insurers too. People don't work that way either and we are not a bunch of Bloomberg Big Gulps out there. I use Big Gulp as a comparison as everyone knows what it was and how it failed, so no matter how much money and influence you have, if it's a broken model and proof of concept from the start, no matter what you do, it's not going to work. That is the big egg that Bloomberg has to live with on his end, but we have it worse.
...
Why else bring in the Republicans. The Republican party used to represent American ideals. Such ideals and those who espouse them must be discredited. Of course they have been heavily infiltrated by leftists who do everything they can to compromise and undermine those ideals. Red team gets the ball on the 1 yard line with 1 second left and 0:01 on the clock. Oh and half the team is taking bribes from the same people who own Blue team.
Looks at John McCain.
yet another total BS article. I was born and raised in Communism. For 18 years I knew nothing but Communism. I emigrated to USA at 19 and had a total culture shock, so I started self educating myself and learning what Capitalism was about. I didnt go to school except for some courses; most was self study. Took me years but finaly I saw the light around 1996 not from any courses or school but from the books of Robert Anton Wilson http://en.wikipedia.org/wiki/Robert_Anton_Wilson. That is when I learned what th "secret" of "Calitalims was: bonds, treasury bills. In short, it was so simple I was shocked: Capitalism was nothing more than moving money around. USA will create treasury bils, then seel them to elt's say France. France in turn will create its own treasury bills and sell them to USA. Both then claimed they were ahead and could show newly created money. TYaht was the big thing Capitalism did: everyone sold bonds to everyone else.
For the author to claim he was "shocked" shows he is either a totally dishonest liar or a totally moronnic idiot who knows nothing. Even me, a Communist child was able to figure what "Capitalism"'s game was just by reading a book.
You haven't learned what capitalism is.
Capitalism is when you can open your own business. If you are fortunate and make a profit, you can keep the profit and spend it. Meanwhile while you spend it and pay employees who spend their wages and buy supplies, supporting other businesses and services the economy grows.
Capitalism has nothing to do with Fed or the games people play on wall street or the likes of Hillary who declares that business does not create jobs.
A person can witness capitalism in Mexico. In many parts of the country people put up their own businesses to earn a living. They may be poor a lot of them, but they can survive by putting up a taco stand. In the USA or Canada, a person has to pay a pretty penny to make and sell tacos. That money has to be paid before the first taco is sold.
American Capitalism:
You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
I think you confusing cronyism with capitalism. Capitalism investing your money and when it goes wrong you lose your money. In Cronyism you invest your money and when you lose...the FED prints you $4.5 Trillion dollar and no one prosecutes you for fraud. And a few oligarchs make a billion or two or ten! Also when you are Jon Corzine and get caught red handed illegally vaporizing other people's money...nothing happens. In Capitalism he would be in jail!
Why did people down vote this? This is what is going on around the world with Japan, USA, ECB and on and on. Worthless ponzi paper passed around to cover up insolvency.
They can keep attacking Putin and Russia but they have oil, gold, monerals, food, fairly productive people who are not all on welfare and the list goes on. Putin is unveiling the (central bank) lie and the elites don't like it.
"Why did people down vote this?"
It misses the point. Western technological progress wasn't created by capitalism. It was created by the innovators. It was *financed* by capitalism. The innovation is the critical part. There's no "trick" to it. Any system can work as long as it figures out a way to finance innovation.
(that's probably not the reason for people down voting but i thought it worth saying anyway - there's no trick)
(nb the current system of cartel capitalism doesn't finance innovation)
Great distinction.
The heartbeat of innovation is spurred on by the incentive for profit. Without that incentive, there is no innovation. Yes, there will always be innovations birthed by the need to survive, but the great majority of the world's major technological innovations were/are spurred on by the promise and incentives that can only be provided by free market capitalism.
It got downvoted because he said the ponzi socialist debtism that prevails is Capitalism. We are not living in a capitalist system Capitalism is the investment of Capital (Savings). Actual stored money. We have Creditism - the use of fictional IOUs and not savings. Hence the west is a Ponzi debt socialist system not capitalist as our system is all now built on Govt IOUs that can never be repaid.
Capitalism. A system where a small percentage of the population takes possession of the country's resources and charges everybody else rent for it while convincing them they are are all free men.
"what Capitalism was about"
Innovation is the key to progress. It's all just a question of how you finance innovation because by definition the payoff from innovation is in the future (and it might not work).
A healthy capitalism is simply one way of financing innovation.
One way of doing that is via banks taking in savings and loaning it out as business investment.
Another way is for governments to do it is with bonds, basically an IOU, and use the money raised for productive investment e.g. building a bridge. If the new bridge boosts the economy and generates more tax revenue for the govt. than the cost of repaying the bond then it's win-win.
The problem is the parasitic banking mafia get into both those areas and poison them. They get into the banks and switch them to loans for *consumption* not production which is inherently destructive over time and via the central bank system they set themselves up as middle men for bonds. Instead of a govt. issuing bonds directly for the purpose of some productive investment they do it by borrowing pretend money from the banks and that gives the banking mafia an interest in the govt. borrowing as much as possible.
Warfare borrowing or welfare borrowing it's the banking mafia who get paid either way.
It's all about financing innovation. There may be other ways of doing it better but capitalism does it pretty well until the banking system becomes parasitic at which point everything disintegrates until the banking system is deep cleaned.
Looks like shit?
Hmmm.
Feels like shit??
Hmmm.
Smells like shit???
Wow.
What does it taste like????
"you'll know soon enough".
Rather than go full conspiratoid another way to view things is that the events unfolding have indeed been coming for a long time but there is no good way to avoid them. Banks manage the savings of the whole planet and the vehicle(s) in which this wealth is held is(are) failing in their ability to preserve that wealth. Rather than being evil the banks could be viewed as inept of heroic, trying to postpone the horrible day when hyperinflation destroys the wealth that so many think is safely held in bonds, stocks and other instruments . This wealth is not real, it is only held in accounts and when the underlying (the very dollar we all use to measure that wealth) is found wanting most of that wealth will simply vanish like the promise that can never be kept.
Every since Nixon broke the gold link and therefore the discipline need to moderated debt and spending, central banks have known and some have been preparing. The Euro was formed in preparation of the day when the dollar just stopped working. The ECB knew that we had to have a usable international medium of exchange and so they made one. They have protected that currency and have not done QE like the Fed so that when called it could be ready.
I won't go on but there are other better ways of viewing our current mess than the one the author sees. I'm not excusing some of the behaviors that are clearly illegal and profit a few at the expense of many. The reason they are not held to account is that this activity is needed to keep the system together just a little longer. When it fails it will be really bad. Governments don't want it, banks don't want it and certainly the millions of savers who will learn that they have nothing left will not want that day to come. Rules are being bent to prolong the illusion.
None of the institutions involved will profit personally. It is likely that banks will be utilities when this is over and governments will have to stop making the outrageous promises they have been making in pursuit of the socialist paradise they promise. Many have been foolish and some badly behaved but most are driven by voters who always want more and want debts to be easier to repay.
I don't see banks as evil. I don't agree that there is a huge conspiracy to strip the population of wealth. Indeed I fear not enough at the highest levels are prepared. They are dreaming the same dream. I think an understanding of the problem is critical to individual so some may prepare and come out alive when the current monetary system fails. I think more should have physical gold.
When this is over my bet is that most of the ‘evil bankers’ will be as screwed as the average guy. They'll own bonds and no gold. They believe what the average guy believes. Alerting the folks is doing a service. Pointing fingers based on suspicion and hatred is not helpful. There will be years to do that after we experience what is coming. Figuring that out and letting people know what to do is my mission. There will be plenty of lynch mobs afterwards. There is no purpose to be served in getting people angry now. There is time to prepare, focusing on vengeance only detracts.
For the record I have strongly supported pro liberty candidates for years through The Club for Growth and careful contributions to great candidates over many years. I think we agree on principles. I just don't like the unwarranted attacks on large groups of people many of whom are just as foolish as the average american.
Foolish and RICH.
I just hope that major constructive changes to the financial system will be made after the crash. My gut doubts it however...
To picture what it will be like imagine that currency is stuffing garbage bins. It has been rejected.
Until a new currency system is put in place there will be chaos. Prepare for that.
After the new system is here, expect it to fail a few times too as those in charge try more of the same.
Wealth preserved in gold will be the way the average little guy can survive and live.
I expect this to be deadly. Prepare seriously. Those adults here with real wealth to protect need to go beyond words and find the ways that others have survived in the past. We need to know what has been done by governments in the past. This situation is NOT new. It will just be much much bigger.
You think the government that results from this mess is going to be out-prepared by a nice, but conscientious little guy with gold.
The way that others have survived in the past, was by not living in an age of drones, electronic surveillance, and satellite photography.
.
Give up and get ready to die then. Or, do the best you can, prepare to shoot small drones down like skeet and make microwave based jammers for big ones. Learn where the others live and where the easiest places to ambush them are. You have a good chance of dieing but if you give up you'll die for sure.
"Banks manage the savings of the whole planet and the vehicle(s) in which this wealth is held is(are) failing in their ability to preserve that wealth."
crap - the corrupted banks are not remotely interested in savings because they are not remotely interested in productive investment. the corrupted banks are solely interested in debt-based consumption with zero savings.
they used to be mostly productive and only partly parasitic but over the last 30 years or so have beccome entirely parasitic and as a result everything is going down - again - just like all the othe times.
Good article Brandon, as always. We happen to be on the same page, but I have one question: what makes you think the fed ever quit printing? These bastards have lied all the way through this mess, and they have never been audited. For all we know they are still buying 100 billion a month. Just a thought.
Remember remember the fith of November of gunpowder treason and plot. I can think of no reason the gunpowder treason should ever be forgot.
Dr E
In the end they ALWAYS print. One way or the other what we get will look like hyperinflation in the end. The dollar will be dead. It will not increase in value (ie deflation will not be the end result).
Be aware though that many hyperinflationary events are preceded by a brief deflation. like now???
'what makes you think the fed ever quit printing?"
Because Karl Denninger says so, and because he bans anyone who even questions that premise?
/sarc
Excellent article.
Doom porn, in which we are awash, has given rational pessisism a bad name.
This is the latter.
Good article.
I respectfully disagree. I learned nothing new. Every item in this article has been covered in depth by ZH and others. Just moving the bones from one grave to another.
There is a lot more value in being able to connect the dots into a larger picture than only looking at the dots one at a time. If you didn't learn anything from this article, you weren't paying attention.
Yes, but it never seemed quite so imminent before.
they went full enron.
Chaos will destroy everything but the status quo: The double whammy of the elite - military and economic Armageddon.
Well we have a good idea of HOW,and it seems the WHEN is closer than anyone would like. Get Golden, get armed, get some provisions stashed.
Brandon is right on this one.
I should watch more than an hour of mainstream news each year to really appreciate the breadth and depth of the bullshit it spreads.
You have big cojones brother (more than an hour?). If I watch more than 5 minutes of MSM I get sick.
Promises, Promises! Keep waiting for the big crash that never comes. But I do believe it's coming because it has to come.
Maybe the banksters are going to let us have a real good deflationary crash first so they can justify their massive printing projects later or so they can reset global currencies. This would at least give them another shot at raping the public again on the massive economic roller coaster ride. If they can't kill the middle class by blowing bubbles and making markets crash then, by God, they don't deserve to be dictators.
Dear all,
I am relatively new to zerohedge and its posotions. I was wondering, are there any articels that focus on possible solutions/other systems and, maybe, how to get there..?
Many thanks
So sorry, the general consensus is that we are fucked. At some point, when they are assigning blame for our pitiable condition to some convenient scapegoat, just remember that it was the banks that fucked us enabled by our own government and the politicians we elected to serve us.
Yes, Judgement Day is close.
If you are seeking political solutions there are none.
The best that you can do is to become self reliant.
Imagine the Economy as the World Trade Center Towers, One, Two and Seven. We are watching the collapse of World Trade just like those buildings collapsed on 9-11-2001.
In fact we, at ZH, are kind of, sort of, acting as those "Dancing Israelis"...the Mossad Agents, on 9-11-2001.
As one of them so quaintly spoke on a Late Night Israeli TV Talk Show broadcast a few weeks later...
"We were there (in New York City) to document the event."
(Well how did they know that they needed to be there on that day to document the event unless they knew that it was about to happen?)
You can hear this for yourself...
http://youtu.be/EGEpRivGeX4?t=1m18s
Likewise we are here to "document the event". We write the requiem of a dying Nation.
(Well how did they know that they needed to be there on that day to document the event unless they knew that it was about to happen?)
The moment I saw those clips on that unfortunate day, the first thought in my mind was "How did the camerman manage to get such clear shots of an event that would have happened in seconds, from so many different angles, kind alike Made for TV."
I mean it takes a good while to get a fast moving object in focus if you decide to film it spontaneously.
And folks said well you know, somebody just happened to be there, cut with your conspiracy bullshit.
People are corrupt and want to be deceived.
normal people are easily decieved by sociopaths because sociopaths don't display shame signals when they lie
"The best that you can do is to become self reliant."
I think this is true but if it does come down then a lot of baddies will be roaming around in packs so "self reliant" may well involve being part of a mutual aid group.
Jus sayin.