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"Monetary System, World Order We've Had Since 1940s Is Collapsing" Warns Richard Maybury
Submitted by Henry Bonner via Sprott Global Resource Investments,
Richard Maybury has been predicting ‘black swan’ events in his newsletter Early Warning Report for the last two decades.
In a recent conversation, he put his finger on something happening around the world. He sees a growing anxiety about global events – “everybody knows there’s something seriously wrong but they don’t know what is really happening,” he said.
A reckoning with policies that have been in place since the 1940’s is taking place, according to Richard. The fallout, he says, has implications for currencies, the military hegemony of the US, and political stability around the world.
US Hegemony Since the 1940’s
“The United Nations, NATO, the Bretton Woods monetary system, the World Bank, and the International Monetary Fund were all created in the 1940s according to blueprints that were approved in Washington,” Richard explains.
And this ‘world order’ may be coming to an end, he believes: “It’s the collapse of that structure that was built in the 1940s that is behind all of these problems that are popping up in financial markets and economies around the world” (we published a report recently on why many indicators undermine the ‘recovery’ thesis. Download here).
Geopolitical Fallout
Everyone knows that tensions between the US and the Middle East are at all-time highs but Richard also believes the US is facing an untenable situation in its attitude to China. The US has the same approach of policing East Asia, in particular the Sea of China, as it did during the 1940’s, but things have changed, and the US is no longer the overwhelming power that it used to be, when most of Asia was under-developed relative to the West.
The Sea of China could be one area where the global order, with the US on top, begins to break down, says Richard:
“The fact of the matter is that China already owns the South China Sea and the East China Sea and Washington doesn’t like that.
“Washington is planning to do something about that? Come on, that’s ridiculous. And yet that’s the direction we’re moving in.”
Not Much to Show for Strong Dollar
Why hasn’t the US Dollar, the lynchpin of the global monetary system, lost its appeal? Richard says the US remains the most powerful country, and that’s why people have stuck with the Dollar for now:
“People are scared out of their minds and they’re looking for safety and the position that Federal officials created for themselves in the 1940’s still largely exists.
“So when you’re scared, you want to go with the guy who’s strongest and that’s what they’re doing.”
Even with a strong Dollar, Richard remarks that the goods and services you can buy in the US aren’t getting much better or cheaper:
“I look around at goods and services that I used to buy and they’re not available anymore. The quality of the stuff I do buy is going downhill. You know the old saying, ‘They don’t make it like they used to.’ Well, that has become literally true in a lot of cases.”
Swiss Move to Protect Franc Is a Warning
One of the most important consequences of this fallout is the impact on the global currency system. Richard points to Switzerland’s recent move to abandon its peg to the Euro, saying the Swiss are disavowing the current monetary system.
“The Swiss announced that they essentially weren’t going to go along with this floating exchange rate mess anymore. They were going to break the Franc loose from the Euro and be independent. That was the Swiss telling the whole world, ‘Look out. These other governments are all going nuts devaluing their currencies and we will not go along with it.’”
Switzerland’s move is a slap to the group of powerful political elites from various countries that gather to set international policy, known as the ‘G20.’ In their most recent get-together, they issued a statement supporting the European Central Bank’s new initiative to buy back 1.1 trillion Euro worth of bonds (US$1.2 trillion).
The policy is inspired by the US Fed’s own measures to bolster the economy through Quantitative Easing (a bond-buying program that was ended in 2014) and a policy of supplying loans at low interest rates.
The Swiss departure from the Euro peg should thus come as a warning, according to Richard. “The Swiss are the centerpiece of this huge catastrophe that is developing because these governments are accepting as legitimate economic policy the devaluation of their currencies. The Swiss are saying ‘Look out. All hell is going to break loose.’”
Nervous
Did the Swiss’ decision to de-peg their currency from the Euro shake the faith of the ECB? Nope.
The most recent announcement from the G20 meetings in Istanbul supports an activist monetary policy in Europe, saying:
“Consistent with central banks’ mandates, current economic conditions require accommodative monetary policies in some economies.
“We welcome that central banks take appropriate monetary policy action. The recent policy decision by the ECB will further support the recovery in the Euro area.”
Richard concludes that he’s wary of owning any currencies now:
“Who knows what’s coming. I don’t. I just know that if you have a whole lot of cash of any kind, in any currency, you ought to be really nervous about it and you ought to be into raw materials and precious metals, at least to some extent.”
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Bullardish
Order out of chaos.
Cancerish
"World events do not occur by accident: They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings.”
~Denis Healey, former British Defence Secretary and Secretary of the Exchequer
Maybury should know, he's another "company" man like Rickards......just not as smooth.
RE: Rickards - How can you have a book on currency wars and completely avoid the history and ownership of the central banks that print the currency?
RE:Rickards...
It is curious that he was brought into the discussion. I just read an ominous report, received in my inbox today, from the Daily Reckoning
It addresses the Confidence problem in the US Dollar and how the game can be called by a very small number of people.
From the email, and I quote,
There is something called a “Hypersynchronous Ising Model” that illustrates how the dollar can collapse. It demonstrates how confidence can be lost and how tenuous and dangerous the dollar’s situation is today contrary to what policymakers say. Let me give you a very plain English explanation of it.
(...)
The collapse of the dollar will be no different. The point of the illustration is to show what’s called the “T-Factor” or “critical threshold.”
Then he continues by providing a simple analysis on how this phenomena can manifest.
(...)
The dollar collapses because no one wants them. Here’s the point. If case one was stable, case two is a catastrophic collapse. The only difference was three one thousandths of one percent of the people.
You didn’t have to change three hundred million people’s minds. You only had to change a tiny, tiny fraction. This is characteristic of complex systems. Minute changes in initial conditions cause catastrophically different outcomes in the system as a whole.
The funny part about this article is that very few of the population's actions can have extremely profound affects.
I ran a poll on www.kitco.com almost two years ago.
The title of the poll is, "What Level of Confidence do you have in the US Dollar?"
The results are stunning.
https://gold-forum.kitco.com/showthread.php?120493-Poll-Confidence-in-the-US-Currency&highlight=confidence
Notice the Exponential Curve...
Perhaps it is time to run it again. Maybe I can help bring about the realization of the Critical Threshold and bring the Ponzi Game to an end.
Maybe I will run an experiment to test Jim Rickards' hypothesis.
It will be no different than any of the other Social Experiments that the Fed performs.
You have no problem with that, right?
The only thing I have any confidence in is that everyone is so invested in the present system that any patch, no matter how absurd, will be accepted to keep the game going. If the patches stress reality to the point of catastrophic collapse, well some days are like that.
He's trying to form new evil alliances, not relizing or reconizing they are part of the collapse. Even Matt has him trumped.
“The Swiss announced that they essentially weren’t going to go along with this floating exchange rate mess anymore."
what the swiss renounced was not floating but fixed exchange rates (franc vs. euro). floating exchange rates are a good idea, as is unmanipulated gold. former for convenient transactions, latter for wealth preservation.
What ever floats your sweet boat.
Jews invade each country, one at a time, get a hold of one or two politicians and judges, the money printing press and the blanket media, and PRESTO, the Jews win.
The entire planet has been taken over by the Jewish virus.
The parasites have global power to counterfeit all the currency their little evil hearts desire for themselves while at the same time they mercilessly tax us literally to death.
We, the host, are sentenced and enslaved to usurious loans and a mountain of unending taxes.
They brainwash OUR children into using weapons to force us to comply.
Their children grow up to create shell companies that go public and serve as money launderers for the Federal Reserve too.
Parasitic pricks.
They aren't out-smart-ing us, they're out-EVIL-ing us.
I concur, and will add the solution will come from a God they don't believe in too.
http://www.debtcrash.report/index.php?option=com_easyblog&view=entry&id=...
This is the best overview of our failed system I have read. Great for people who are just now waking up or you would like woken up.
the collapse started with the industrial revolution. it's so efficient now and getting more so, that no one will have anything to do. therefore, no need for the goyim. i'm long chem trails and failed nuclear plants.
Do yourself a favour and go see a shrink.
Or repeat after me:
There are good jews and evil jews,
There are good christians and evil christians,
There are good muslims and evil muslims,
There are bad whites and good blacks, hell, there even are a lot of good whites and loads of bad blacks,
There are ...
Do I really need to go on or do you grasp the deeper meaning of this complex message?
Ok, one for the road then: in the nineties, I worked in a temp agency with a jewish colleague and - you're probably not going to believe this - she was one of the sweetest, most professional and most loyal colleagues I have ever worked with, I'm not kidding here. Another jew I had to deal with turned out to be not so nice a person.
So I'm confused now. Do I love 'm or hate 'm? You tell me.
You really are a nasty piece of work, Self-enslavement.
Just another racist nobody conspiracy douchebag.
Jeff - Nice job calling that out. The Swiss were pegged to the Euro it had nothing to do with floating currency.
Also, consider the Central Bank of all Central Banks (think corporate Mcdonald's and franchisees) is located in Basel Switzerland. Since they control most of the global politics by controlling currencies they really slapped the G20 in the face? Please....
Finally, China is the new GRC according to the IMF as stated in 2014 with 38 of the bigger CB's and the IMF renominating in Yuan. That was posted here. So what has happened and is ongoing is a transfer from West to East. It is similar in my mind to Rome moving the capitol to Constantinople.
Ray Madbury is right, people don't know whats going on but he should include himself in with that lot.
Herd mentality, this is what those pulling the strings fear most. Those with the most to lose should have the most fear.
Chaos is opportunity.
JRobby - right.
Why would I mourn the world created by the likes of George Herbert Walker, Prescott Bush, Paul Warburg, Avrill Harriman, Dullas Brothers, et. al disappearing, I say it's long overdue.
What comes next maybe chaos maybe a little hell, but it is time for little house cleaning.
i like reading and listening to dean henderson, a hair left for my upbringing but the guys freakin' all over global politics... here's a link to a brief article discussing city of london / rothschilds and the recent nemtsov hit in russia
"Nemtsov & The End Of The British Empire"
https://hendersonlefthook.wordpress.com/
his latest radio interview w/ rense covers some same topics, - i like rense but man he talks all over his guest speakers :-(
s'funny. here this is zh, and NO mention of control of the fed having been moved to d.c. as per the wsj. i always thought it was weierd it wasn't controlled from the third "crown city". well, now it is.
Putaipan - I saw that article in the WSJ. I view it as the US government pressing for direct oversight of the Fed. Since central banks re-emerge even when killed I say make the Fed a 4th branch of government.
At least it gts rid of the public-private privaleges where the Fed can say they have nothing to do with politics when convenient as a private corporation which we all know the Fed has long lost its independence they claim to have.
I would rather state the obvious--that everything happens in spite of them-not because of them--they just ride along like the rest of us, putting on their pants one leg at a time.
I believe the amortization schedule was developed in the 1940s...
That would be the Borg queen (Hillary) who said, "I bring order to chaos"
The only thing collapsing, is the functioning of my computer when I click on a Zerohedge article.
Get an adblocker... have had no issues since installiing adblock for chrome.
Well of course something is wrong with the system. We all know it. The question is, what should come next?
At the risk of being a squeaky wheel, I suggest the following as a starting point.
1. global proliferation of limited republics such as was originally set up in America
(take less than 5 pgs. doc to do correctly what the founders almost got right)
2. 100% silver backed currency systems, no rfid in coins, private mints, federal assaying services and
documented constitutionally limited control of paper currency printing services (dangerous but
doable)
3. no central banks to speak of, can have competing international private currency transmission services / holding houses
4. no government treasury surpluses, no authority to grow governments beyond some %GDP
5. Gold trades in open market, not used as legal tender - make hats out of the shit
Sounding rather "freegold"-ish there cornfritter. +1
Except....no silver backed currency....just separate your fiat currency (method of exchange) from your savings (gold).
Currencies will float against each other based on trade balances, and gold will be purchased in the open market....so savers can protect their savings from government overspending and stupidity. Save currency for short term...save gold for long term because it can't be devalued by a government that runs perpetual trade deficits. No more saving in someone else's debt!
6. Governments to have no authority to borrow money
7. Governments to have no authority to run trade deficits (if private business want to extend credit to people or other businesses that is their business - governments are problem children in candy shops)
8. Standardized gold or silver backed currencies don't float against anything (other than the supply of real goods and services).. they become a standard unit of measure (yes a global one).
9. No stock markets. If people want to invest in companies - they go straight to the company executives to negotiate terms.
10. No government pension funds. Relief funds, yes.
I don't like gold cause the dragons sit on it (not the stackers here, I'm talking about the central banking families and all the worlds treasures) If they wanna melt it down, coin it up, and dist. to worlds popuace at a reset, then fine.
I really have limited practical use for gold or silver - lumber, tools, fuel, steel, aluminum, electrical components (comms. / computer) etc.. yes. But, gold and silver, traditionally have made a reasonable value store - but it's just mental really (well, that and not being able to easily counterfit thereby undermining the system - though for all I know they are readily synthesized at this point - certainly unbacked fiat currencies do the trick:-) Actually gold and silver are neat for subtle ornamentation (gold leaf, true silverware and such - it's nice)
Pure Propaganda. Everything is fine. NOW IS THE TIME to Plow everything you have into the markets. Take out loans, second mortgages, pawn your tools, guns and dental gold if you have to. Buy, buy BUY...!!!!!!
For the luv of gawd...buy stawks!!!
(And pray the internet stays up to get out in time...lol)
Think about that one …. hmmmmm. Everything crashes and nobody is able to “get out” – dang Russians. How convenient.
Yep. I remember Sept. 11th. Couldn't get on the internet for nearly a week.
Why is food so expensive, when the $usd is strong?
Energy to produce food is cheap, and crop harvests have been so competetive, that farmers are defaulting on their leases?
The Monopoly Guy?
Rents and Regulations.
Destruction From With' in
Food prices have increased due to energy prices. There will be some lag time between the decline in energy expenses and the expected decline in prices for delivered product.
But Dollars are scarcer and harder to come by for most people. They will start to decline as the perishable goods will rot when not sold.
Yup, things are broken. With a gutted economy you basically have increasing numbers of people staring through an impenetrable window at things they both need and desire (demand is there), but without jobs there is no way to get into the shop to purchase the stuff. Yet another centrally planned nightmare. Are not our illuminated globalist lordlings intelligent? bow down and say they are serf!!
Because the food production and distribution corporations realized that working people may still have a couple of pennies in their pocket ... and they want them.
Those pennies came from lower oil price. Get'em while they're loose!
Because the chemical toxins that have replaced food are much more expensive (patents) than seeds, soil and water.
Nah still bullish.
The main question is, "How violent will the mad scramble to the top become?" as things continue to fall to pieces.
gravity is a pretty tough customer ... especially around watering holes
USSA knows that Russia and China has the superior antiship missile technology to sink any ship in the Western fleet. This can be accomplished with conventional warheads on the missiles.
Once that occurs, USSA will be the first to use nuclear weapons "in retaliation". Then, it quickly escalates to ICBM/SLBM use and everyone on the planet loses.
In a recent Naval Exercise off the Florida coast a US Carrier Battle Group, including a USN fast attack nuclear submarine, was engaged by a French Nuclear Attack Submarine in simulated combat. At the end, the French Sub sank the USN Carrier and most of it's escort.
Now this shocked some people, but the fact is, a South African Submarine, non nuclear, accomplished the same feat a few years back.
Over 30 years ago, in naval exercises, it was common place for USN submarines to sink the Carrier and it's escort in many naval exercises.
But having the French do it, that really set off a fire storm of upset in the US military circles.
Then there was the recent Black Sea event in which a Russian attack Aircraft blinded a USN Cruiser's entire radar suite, and did it for a considerable length of time. This too, though now not spoken of, is a fact. The Russian Navy commented on this event, saying that YES, inded, they had done just that. The USN ship left it's operational area and quickly made port. This is something the USN does not do when faced with a foreign powers assets operating in this way.
There are two kinds of ships: targets and submarines.
Yes, that was the first lesson in US Navy Submarine Sonar "A" school, "San Diego Fleet Anti Submarine Warfare School!"
Sinking carrier groups is a great way to close the Straits of Hormuz...making them the Globalist's ultimate submarine!
yep, I was in the surface US Navy in the 80's and that was true then as now
FYI... http://sputniknews.com/military/20150304/1019042643.html
Russia's new Richag-AV radar and sonar jamming system can be mounted on helicopters, ships and other military equipment to jam potential adversaries' weapons systems from distances of several hundred kilometers away; it has been hailed by developers as having no analogue anywhere in the world.
Kirk to Enterprise. Come in Enterprise. I'm in a jam, answer me, dammit! ;-)
I wonder if it destroys drone control and communications.
Moreover, the submarine in question, Saphir, is 36 years old.
And its an Agosta hull and sensor suite, with a small (48mW) reactor added.
The submarine got through the destroyer and P8 escorts and achieved firing position on the (recently modernised) Theodore Roosevelt, effectively sinking it.
Quite an incredible feat, a few carriers must' ve gone down with the CV.
Elimination of the middle class, obliteration of the lower class. Overthrown of the United States government. Sell off of wealth, transfer of wealth and theaft of wealth simultaneously. What is left is several hundred million people without a job and a bankrupt government.
Our grave stone is sitting in some southeastern corner of the USA - We must go, they say, We eat too fucking much and ruin their view.
I say, everyone wins or no one wins. That is all that will stop this unfathomable assault on decent innocent people in the name of Sustainability.
The only way Globalism works is to make everyone equal. The only way to make everyone equal is to bring everyone down to the lowest common denominator. Obama promised to do this for America prior to being elected back in '08. This is the only promise he has kept.....
Well, I am going to sound like a zealot for saying this but I really do believe the answer is a sound family - one in which a child can grow up to learn his talents, strengths and weakness under cover of unconditional love, a secure community with the best education money can buy. And that does mean women who given birth retain their role as mothers during early phase and fathers remain with the family. This sounds impossible until you consider the dysfunction that results from unstable homes. Look around - all the complicated lives, people are so caught up in solving issues that they have little time to look beyond their own 4 walls.
Absolutely, and that is why the traditional family unit has been under direct and constant attack for so long. Destroy the head, (family) and everything else follows. People who cannot manage a family have no business attempting to manage anything else......
And local governance...States should have the power that the constitution intended. Local governments should be the most important.
A decentralized republic like Switzerland where local politicians are truly accountable to those that elected them is the only sustainable government long term. After all, that's what the founders of our nation intended.
F22 stop spouting such 18th century nonsense! Don't you know they did not have the teevee back then, so no way they know as much as us enlightened folks nowadays! 18 is less than 21, so you know we are all smarter now, I mean it's only physics and what not.
/sarc off
America: Designed by geniuses, run by idiots.
True. The people one votes for should never travel past the shadow of the gallows.
RTFP! (Read the fucking Protocols!) :)
That's the tragedy of it, isn't it? That you should fear being called a zealot for posting something as obvious as this comment of yours.
It is tragic. The children have been molded into little fags and pole dancers, twerking to demon-possessed, talentless pale and souless entertainers. High volume and hypnotizing lights, right out of hell. The adults who are doing this are truly evil - they know what they are doing and following orders enthusiasticly enough to convince the Little to No Information crowd.
https://www.youtube.com/watch?v=TuxdjVI-5r0
(Lost Boys - G. Tom Mac )
https://www.youtube.com/watch?v=LnWbKQcElGk
Dble post.
Dude, that is 100% logical. This is why the poverty pimps want people to get divorced - fight the power. Stay married. At least til the kids leave home!
Stay married? Haha. You think you have more control than your 'pop culture controlled' wife? Judge Judy says you're a liar! No-faults were created as a lever to tear her away from hubby and deliver her to the welfare state plantation. Over 2/3rd's of divorces are initiated by the woman, directly. Sad but true.
From http://en.wikipedia.org/wiki/Divorce_in_the_United_States
According to a study published in the American Law and Economics Review, women currently file slightly more than two-thirds of divorce cases in the US.[10] There is some variation among states, and the numbers have also varied over time, with about 60% of filings by women in most of the 19th century, and over 70% by women in some states just after no-fault divorce was introduced, according to the paper.
Reminds me of this;
Although the male Latrodectus hasselti may sometimes die during mating without the female actually consuming him, this species represents a possible strategy of "male sacrifice." The male redback, while copulating, "somersaults" and twists his abdomen directly onto the fangs of his mate. Approximately 65% of males are consumed at this stage.[1] Males that "sacrifice" themselves gain the benefit of increasing their paternity relative to males who do not get cannibalized.[1]
"The only way Globalism works is to make everyone equal. ... This is the only promise he has kept....."
He helped expand the welfare class and destroy the middle class alright, at his master's behest. But some pigs are still more equal than others, much more equal.
Naturally the 'enlightened' and monied Elite class exclude themselves from the restraints they impose upon the majority......
The only way to make everyone equal is to kill them.
In the end, when the elites have developed a practical robotic New Socialist Man who can do any work a human prole can do, that's exactly how they'll accomplish their dream of the classless society. The class struggle will end with the extermination of the human proletariat by their robotic replacements.
Well that's just depressing as hell...
Actually, that's the best case scenario. Our robotic progeny at least have a fighting chance of settling the galaxy and doing us proud that way.
The more likely one is where the banksters start a global nuclear war and kill us all off before the robots are built. That really would be the end, with Earth becoming just another dead planet where the local intelligent life killed itself as soon as it figured out how to split the atom. I suspect that in our galaxy such planets are a dime a dozen.
The elite must know history and also I believe they KNOW this will end badly for them. It ALWAYS ends badly for the elite. They know the question isn't "if" but "when." And yet...full steam ahead. There really is a strange psychosis to power.
I want to be the lemming in the front bitchez!
They may indeed know it, but their built in greed, and fear that someone else might steal more than them, drives them to take everything not nailed down, and to risk total collapse. Simply put, their greed will undo them.
Also, many of them are counting on the vast Military and Spy complex to work to protect the 1% while the rest collapses into a new dark age. They are betting their military servants can and will kill us in suffecient numbers to preserve the 1%'s lifestyle. They think their temples and banks will be safe, guarded by paid white American christian zionist militants.
The average grunt or foot soldier is more than likely terrified about the concept of being exposed to ionizing radiation. Assuming that a global thermonuclear war can be avoided, the elite will still need scientists, engineers, and technicians to continue operating the 450+ nuclear power plants around the world. Those of us who have worked around and are comfortable with working around radioactive fields are going to be a necessary component of any pre-conceived "reconstruction".
There really is no viable alternative, unless the elite are seeking the extinction of all life on the planet.
everyone thinks they are "essential"personnel. Wise up.
someone downvoted you? dumb asses... your point is correct, these expendable techs brains swell and they get duped into thinking they are too important to get mowed down :-) There are billionaires in line for extermination, what value a c programmer or hazmat specialist? Arguably more than a billionaire, but hey... If you're in one of the black programs, you may outlive some. Wait til you see the world you get to live in. Morpheous, where's that remote??
I am essential personel. to my own survival
Their 1% (really, 0.1%) lifestyle goes away without tax donkies and the production of real goods.
"Whatever is not nailed down is mine. What I can pry loose is not nailed down."
- Collis Potter Huntington (1821-1900), US Railway Tycoon
First, they will be robbed by mobs of people, after a guard or house staff shares the floor plan for 1 million US dollars (50 yuan) so she can get her car fixed.
Every stuff is fine.... Go have a 30 pack of formaldehyde sink into your recliner and go to unconsciousness... They got this for you there is nothing to worry bout....
Most of my cohorts are nearing retirement - Baby Boomers from the early 50s. Most of them have lots of stocks, cash, houses, cars, second homes. Few of them are worried. Of course, these are the vary same people who think getting paid $140,000 a year to be a high school principal is normal, paying 36+% in taxes is OK, paying $5000 a year in taxes on a house that's worth $110,000 is just peachy.
As a group, they are getting older and less willing and/or able to work or provide for themselves. Another 2008-09 type of event would hurt them financially. I recall one of them saying a few years back that he and his wife could not retire on less than $80,000 a year, and these are people who have their mortgage paid off.
So, figure, for these folks, they must have $1.5 million (?) safely (?) put away if they intend to live 20 years after hanging up their careers.
That's an awful lot of money to have mostly in stocks and/or a 401k (more stocks) and at serious risk.
I think some of them are more worried than they let on.
Me. I've got squat, by design. Mostly because I don't like paying taxes, never have. But, I'll survive in any environment, and, in some, I may actually prosper.
Won't the kids living in the basement be able to help?
What percentage of 62-64 year olds believe the CNBC hype that everything is awesome?
http://static.seekingalpha.com/uploads/2010/9/5/saupload_harry_dent_spen...
Postponed, on account of QE.
I didn't ask for this job Jack. I'ld be good with the lottery &, close family members.
Show me a chart/
Mr Yen, a comment after my own heart.
the funny thing is sprott's salespeople are trying to sell you global exposure via ETF's. What a joke. I told 'em to shove off.
World Disorder Collapsing ... there fixed it.
linchpin
Soprano Alma Gluck ~ My Old Kentucky Home (1914)
https://www.youtube.com/watch?v=guLOwTp69dk
.
The sun shines bright on my old Kentucky home
Tis summer, the darkies are gay
The corn top's ripe and the meadow's in bloom
While the birds make music all the day
The young folks roll on the little cabin floor
All merry, all happy and bright
By 'n by hard times come a-knocking at the door
Then my old Kentucky home good night
Weep no more, my lady
Oh, weep no more, today
We will sing one song for the old Kentucky home
For the old Kentucky home far away.
They hunt no more for the 'possum and the coon,
On meadow, the hill and the shore,
They sing no more by the glimmer of the moon,
On the bench by that old cabin door.
The day goes by like a shadow o'er the heart,
With sorrow where all was delight.
The time has come when the darkies have to part,
Then my old Kentucky home, good night.
The head must bow and the back will have to bend,
Wherever the poor folks may go
A few more days and the trouble will end,
In the field where sugar-canes may grow.
A few more days for to tote the weary load,
No matter, 'twill never be light
A few more days till we totter on the road,
Then my old Kentucky home, good night.
Tear in my eye. But reminds I've got field stone walls to fix on the old home place. A cabin to build on my new place as soon as this dam snow is gone
A beautiful Stephen Foster song usually paired with 'My Old Kentucky Home.'
1940's? probably started a couple centuries before that , but I get the point.
It still makes me chuckle when I think of how the 'monied interests' got the Federal Reserve System bill passed last century.......a bill written by and for the very same monied interests and pushed by a republican senator. People thought republicans were in the bag for wall street so they had to repackage it and have the democrats push it through after Wilson and both houses went democrat. LOL. Pretty amazing how they (the monied interests) got Roosevelt to run as a progressive so Wilson could beat Taft with only 42% of the vote, and despite being a perfessor Wilson was fucking clueless about the bill. We didn't even have 2 parties back then folks. The FRB bill was passed by a democrat house, senate, and president yet it was all paid for by the Rockefellers, Morgans and Warburgs, who were thought to be republicans.
Same as it always was I guess.........
Agreed. And what itches at me is that people have faith that they can control markets and society. I am sure they believe that many have in the past. History proves they cannot. Right now people are with then and feel comfort. When it breaks as it will man will be reminded once again how precious and tenuous life and society is.
A "new" new world order? Sounds like fun! Put me down for 20....
Or maybe a "new & improved world order! But wait..there's more! Buy now & get the 2nd world order FREE!
The inner Reset means forgiveness of all debts, physical, energetic, emotional and spiritual. It means forgiveness to yourself and others. It will consequentially mean financial debt forgiveness when a critical mass of people realizes that we owe banksters nothing. It will consequentially mean the end of karma when a critical mass of people realizes that we spiritually owe Archons, gurus or God nothing: http://americankabuki.blogspot.com/2015/03/why-should-i-continue-to-pay.html Some people find it difficult forgiving the Cabal. True forgiveness to the Cabal can happen only after they are stopped in what they are doing. Before that, you can use your anger constructively by assisting in the planetary liberation process. Forgiving the Cabal will be easier if you understand that they are acting out of trauma they themselves have received in the past. After they are stopped, violence will solve nothing. Those who are unredeemable will go to the Galactic Central Sun for restructuring and the rest will feel their conscience giving them a really hard time when they finally realize what they have done: http://2012portal.blogspot.com/2012/05/removing-cabal-normal-0.htmlDay of the Reset (March 17th, 2015) http://2012portal.blogspot.ca/2015/03/day-of-reset-march-17th-2015_6.html
As we are getting ready for the Event, we need to do the inner Reset.
Forgiveness is easy if you understand that everybody on this planet had some really traumatic experiences in this or any of the previous lifetimes. Each individual reacts upon those experiences in a unique way. To release the past and learn from it is the key to the new reality. We need to start focusing on how to make things work in the new society. Forgiveness will open a flow of cosmic Love upon the surface of this planet and this energy is exactly what the advanced extraterrestrial races need to anchor their ships here after the First Contact.
Hey,
I know that song:
https://www.youtube.com/watch?v=kjxSCAalsBE
HEY!!! Let't tell the f___ing truth!!!
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
My solution is to move Washington to some other part of the world. We don't need them and we don't want them.
that is entirely possible if you subscribe to Newtonian physics. I kid, I kid, but Obama gave a speech yesterday saying it was "nice to be outside of Washington, and with normal people."
http://www.tarsusclub.com
http://www.thetruthaboutthelaw.com/fed-announces-that-inflation-is-under...
Party time Bitchez! !! !!! !!!!! !!!!!!!!
“Who knows what’s coming. I don’t. I just know that if you have a whole lot of cash of any kind, in any currency, you ought to be really nervous about it and you ought to be into raw materials and precious metals, at least to some extent.”
Really?
Who's to say what essentials will cost when TSHTF?
An ounce of gold for a loaf of bread?
Gold has its place in a structured system of currency exchange with that element as a recognized and REGULATED standard (as was the case before most of the twentieth century). That will not be the case under the sharp duress of a global financial meltdown. Stuff will cost what is demanded, however ridiculous the price seems to be. This is what those urging PM acquisition never address. Such plans, if the crisis is severe enough, won't work. And if it isn't, then why would PM's even be a consideration?
Same thing with silver. It is especially sought because it is cheaper, and because it is used in some industries.
Problem is, those industries produce goods for sale to consumers.
What would industrial silver be worth in a global economic crisis if gazillions were out of work, broke, and destitute? If they have no money to buy anything, why would silver be needed to produce what isn't being purchased?
On the larger point about Bretton Woods, and the idea that present economic ills are because of that system no longer being operational...that is false. The last of that system ended because the US could not afford the cost of its mounting deficits in gold. Imbalances, under that system, were to be settled in gold.
Our problem is rooted in the shortsighted corporate outsourcing of western middle class incomes, and nothing else. Everything we have experienced is either a symptom of the crippling dysfunction of that legacy, or of the warping efforts thus far applied to deny, disregard, or obfuscate its effects.
Let there be NO misunderstanding about this fact.
That circumstance, once having happened, cannot be undone. We are not recovering because there can be no recovery from the situation we have placed ourselves--and the world--in.
After all, one cannot recovery lost time either.
m
In a partial collapse, I think you could see gold and silver start to have a place fairly quickly. In a total SHTF dogs and cats living together collapse, the gold and silver are going to be for after things have stabilized, agriculture has gone more local, etc... During a real supply chain breakage where food stops getting shipped, things like food and lead will be what is valuable, but that won't last forever.
People who have surplus will be glad to trade silver and gold for those necessities.
You think PM prices are manipulated now?
Just wait.
If things get that bad, bartering will be in play. If you can trade a silver dime (those minted before 1964) for a couple loaves of bread, you will have a chance to survive. I don't think having some PMs set aside can hurt you.
Yeah...all this talk about PMs...I hold some physical as well, as it certainly won't hurt to have assets of tangible value. But if the SHTF for real, you may not be around enough to use them and / or what's the point of being rich in a world of sh!t and suffering people? Do we just become the rich assho!es that we used to despise?
Reality is the average person is plain and simply fucked. The greatest rebellion is to live happily and on your terms regardless of the fuckery around and that's the biggest middle finger. The elites are obviously milking every last cent, and they know that a crash will come at some point. If "THE Crash" comes, it's obvious they're totally prepped with bunkers, reserves, etc. We're still the ones who are fucked and they and their inbred offspring will likely continue to litter the planet.
So fuck them and the bullshit and live rebelliously appreciating the real things and people around you.
And of course continue to rant and bitch here on ZH...'cause that makes me happy.
When the Swiss get out of the way the world is going to pay.
In ancient times they realized there were problems with usury (lending money and charging interest) and banned it.
Compound interest is an exponential function and at some time it will start heading off rapidly toward infinity (that time is now).
Today's low interest rates delay the inevitable charge off to infinity, but low interest rates still compound and just delay the inevitable.
New money can only be bought into existence through debt, growth requires more debt.
Who takes on the debt?
a) Those with excess capital invest it and collect interest and rent.
b) Those with insufficient capital borrow money and pay interest and rent.
Those who are least able to afford it, eg. sub-prime householders. sub-prime car owners and students.
In the latest globalization phase, everyone that could be loaded up with debt has been.
The current monetary system could never last forever, the end of days are here.
In places they did allow usury in ancient times, there were debt holidays when things got out of control and too much debt swamped the economy.
Before Central Banks started to intervene in 2000, Capitalism had recessions where bad debts got wiped out.
Issuing new money from debt is not the only system, visit the positive money web-site.
Its nice to see the mice come out of the woodwork.
What was a joy ride for the financial pundits and money players of old (in the 80s and 90s) is now looking like Breakback mountain dystopia.
If a man had seen the Saint Andreas fault of the US monetary system since 1971, there is something to be said for is moral and historical acumen. Most of us were too young then to see the consequences of BW revoke balooning into this current toxic overhang. One man saw it right from day 1 : JM Keynes. But nobody listened to his solution and he died in 1946...
By 1984 and the generalised acceptance of supply side neo liberal shenanigans on both sides of the pond, and with the subsequent muzzling of Japan in the Plaza/Louvre accords, the zeitgeist of the new Great Gatsby age (or Gordon Gekko-Mike Milken-HF scions financialista shooting match) was clear for all the world to see all based on WS hegemony in the face of nations now become financial and industrial surrogates to NWO financial global model (Russia, Japan, China, EU). The NWO and Greenspan reigned supreme and the Internet did the rest for high tech bonanza.
The welfare state was pronounced dead, the Oligarchy age of future 1% now rampant and even more so in the 90s with the Soviet collapse and Chinese ping pong factory all geared up for "outsourcing" to create the new slave labour arb meme all based on first world consumption pumped on $ debt fed printing.
The Oligarchy of USA was on a roll and Keynes's ominous warning about USD hegemony in the BW construct --imposed on his mentors (UK) by White representing US capitalism-- resulted in what would be known as the Triffin paradox.
Bancor would have been a better fiat compromise to peg the gold exchange to but it meant that a basket of world currencies would DILUTE and dispute the Greenback's pre-eminence. So right from day 1, in hindsight as Keynes had argued at BW, the $/gold exchange was condemned by the combined effects of the Triffin and Jevons Paradoxes (for oil usage worldwide which further exacerbated first world dependence and debt built on ME oil imports from 1971 onwards in contango mode), and by subsequent US oligarchy hubris of "don't change a winning game where our money is THEIR problem !"
(On this issue, by putting the blame on Chicago/Friedmanian floating rate economic model upholding the BW revoke system tailored to maintaining greenback monopoly (especially after petrodollar exclusive handshake of 1973) adopted by Nixonomics--by not putting the blame on Keynesian government spending (provided govt budgets and trade balance stay balanced as per the Keynesian mantra over business cycles which is Not the case for Krugmanomics) -- I am obviously at logger heads with the von Mises austrian mantra that ZH upholds time and again...so be it).
We live and learn the hard way.
I just want to add that TPTB wanted a Strong Central Government, a Military Republic, in order to pursue military, economic & corporate Goals.
I always heard US was to have Checks and Balances against power grabs. But propaganda, control of Information, Control of the Press, and Control of the Education of populous in K-12... makes it possible to commit war crimes, start aggressive wars over 1000 miles away with people that can't possibly mount a Navy or Air Force to strike one of the 50 States.
Apparently our Elites learned their history well 100 years ago. They knew that each empire or truly great country must consolidate power, centralize power. This was always the goal. It must have been.
Details...Details... Sooner or later Fiat currency (created as debt) meets the exponential function, copulates rigorously and fucks everything up.
We don't have to look at the Swiss to see something is coming. Look at the actions of the US government...suspension of our constitutional rights, mass surveillence of the public, ammo shortages, militerization of the police, suspension of habeous corpus and posse comitatus, billions of rounds of hollow point bullets ordered for DOMESTIC agencies, etc,etc
If that doesnt tip you off that they expect something big, I dont know what will.
Notice how the press is diligently working to demonize the police in America. Don't buy it!! There are problems, but ....
Be advised that on the other side there are provacateurs trying to demonize the populace, to the men in blue. Gentlemen and ladies (in blue) please don't buy into it. Thank you for the job that you do (despite all odds - considering the folks up the food chain are actually runnin the dope) we all need to keep calibrating our moral compass as these presstitutes and provocatuers try to divide our minds and get us to kill each other off. Same to DHS employees and Military personel - keep a few grains of humanity in your hearts always. Life is precious and Blessed are the peacemakers.
Who thought that a system based on a small minority creating currency out of thin air would eventually collapse. Who would've thought
An interesting alternative view as to which domino falls first under the financial gun of debt and crony corruption :
http://www.wsj.com/articles/the-coming-chinese-crack-up-1425659198
The world now seems to admit both in MSM and in Alternate media that there is something rotten in the stocks ramp up coupled to sovereign bonds buy out explosion all fueled on CB QE and print at NIRP/ZIRP rates.
The question is who falls first and on this issue :
1° the MSM says its gonna be the China/Russia axis.
2° ZH seems to maintain its the US/EU/Nippon Trilateral at the heart of the financial bubble.
The lines are now drawn in line with the resurrected "New Cold War" mantra, with cyberpropaganda now going viral to support both camps.
Lets see how this plays out as smoke and mirrors never saved lady of Shalott!
Maybury calls our current global system : Chaostan. I would agree with that!
1.) Planecrash
2.) Electrocution
The best way to die. Dicussions can begin.
Me? I'm getting a nice cornmuffin and coffee and won't participate. Why?
Who gives a shit. You're gonna end up dead either way.
How about dying learning to fly a new airship.
Your first light plane, a jet, a helicopter, a spaceship.
"The last 20 years"
That's the problem. They could drag this out for the rest of our lives and slowly induct us all into tent city one by one barring any major conflicts.
Oh cool, it posted my comment 3x.
good ole satellite internet. One disadvantage of living in the stix.
About the biggest change us rural types will experience in the post Apocalypse will be having to look at real cats instead of internet cats.
The conservatives war against the middle class killed America.
Wages didn't follow productivity gains.
You blew it up!
I'll tell you what is happening.
For fourty years we have been teaching the bulk of the population skills of no real world use. Once placed in corporations we have been told that individuals can not produce anything of value, it all must be done by committee. Those working together are not individually smart and must be managed by a hand picked Ivy League grad. This person may have never held a job before, but his parents or uncle are very rich and sit on corporate boards. So by default he is smarter than anyone.
The work that is done is not the property of those who did it, but that of the CEO who may have never lifted a finger to produce it. Praise is then lavished on the CEO for creating such a wonderful product. Words like genius and brilliance are thrown around. See Elon Musk for the greatest example of our time.
The few individuals that still retain some technical skill can now charge obscenely to use them. Call a plumber recently? Working hours of 9-3pm four days a week. After 3pm is double overtime, emergency calls add $350. Changing a fucking faucet can run over $1000. Of course the government is involved with that as well. Passing laws and regulations that make it impossible to do the work yourself, permits for everything.
The world has been converted to Oligarchy. The individual does not matter and does not have any rights, only those at the very top matter and they have been chosen by themselves to rule.
All done so those at the top do not have to lift a finger to produce a lavish lifestyle. They heard stories of Pharaohs sitting on gilded thrones, being bathed by twenty women hand picked from across the empire eating what could only be dreamed of bynthe populace. In their eyes, that is the way the world should be run.
The conservatives didn't like the middle class getting wealthy.
Who the hell do they think they are?
They were the backbone on this society.
I.E., stop feeding the monkeys.
Tom Baugh has got it exactly right.
We were duped, dude. Pay off your alma mater, grab a circ. saw, pipe wrench, nail gun and learn how to use them. No big. Plant a garden also, in case they don't nuke the surface :-) Also, could be a climatic event gonna take us all out anyway. Every day is precious, enjoy. As I mentioned elsewhere, they say the end is like a blink of an eye. Spend your time (the real money) wisely, as the real stack diminishes by the day.
" you ought to be in raw materials and precious metals"
Are you sure ?
Everybody seems to forget History and what happens to your gold when your country's unemployment and indebtment are too heavy, even if the media tend to pretend they are not . President Obama and all the American presidents can still use The Citizen Gold Confiscation Act ( 5 April 1933) in order to prevent the USA from undergoing a monstrous financial bankrupcy . President Roosevelt used that Act to declare that all the physical gold detained by the American citizens was illegal and had to be given to the State. After being encouraged to buy more and more expensive physical gold for years, the citizens had to give it to the Federal State and received paper receipts in exchange. The Gold Confiscation Act, plus the WWII economy saved the USA from bankrupcy.
I do not know how to shelter from financial crises, except for bying a plot of land , building a cabin near a river ( for fishing) in a forest ( for heating) and growing a garden.
Gold confiscation was largely ignored. One person was arrested and only fools turned in their gold.
Besides the Total Amount of Gold is only in the Hundreds of billions of US Dollars worth.
What good would less than a Trillion Dollars do anyone?
Maybe if all US States were dissolved and we fell into FEMA Regions with Federal Emergency Governor, Regional Gold Confiscation would help the Regional Government. But no one really believes it possible to dissolve the 50 States of the USA.
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” –
Ludwig von Mises
We could try to describe what Strategies are being use by TPTB to keep Bretton Woods System going.
- Seems like they want to link all economies and banking closer together
- Distribution of common Bonds, Swap Instruments, Currencies, and Derivatives across the G20 Nations looks like a strategy
- Holding US Long Term Treasuries is Trending upward at a Strong Steady Pace
Remember to add China and Hong Kong together for China Total.
http://www.treasury.gov/ticdata/Publish/shl2002r.pdf
http://www.treasury.gov/ticdata/Publish/shla2013r.pdf
(http://www.treasury.gov/ticdata/Publish/mfh.txt)
http://www.bea.gov/newsreleases/international/intinv/iip_glance.htm
Last Data is from December 2014.
Belgium 2002 = $10.8 B, then 2013 = $163 B, Today $335 B
Bermuda 2002 = $14 B, then 2013 = $94 B, Today ??
Cayman Islands 2002 = $10.7 B, then 2013 = $66 B, Today ??
Canada 2002 = $8.4 B, then 2013 = $46.6 B, Today $69 B
China 2002 = $95 B, then 2013 = $1,272 B, Today $1244 B
France 2002 = $11 B, then 2013 = $42.4 B, Today $79.2 B
Germany 2002 = $38 B, then 2013 = $54 B, Today $72.7 B
Hong Kong 2002 = $37 B, then 2013 = $89 B, Today $172.6 B
India 2002 = $5.2 B, then 2013 = $56.6 B, Today $83 B
Ireland 2002 = $6 B, then 2013 = $91 B, Today $138.6 B
Japan 2002 = $260 B, then 2013 = $1,023 B, Today $1231 B
Luxemburg 2002 = $20.2 B, then 2013 = $107 B, Today $172 B
Mexico 2002 = $16.7 B, then 2013 = $52.7 B, Today $84.8 B
Norway 2002 = $5 B, then 2013 = $74 B, Today $81.6 B
Philippines 2002 = $3 B, then 2013 = $36 B, Today $40.6 B
Poland 2002 = $7 B, then 2013 = $31 B, Today $27 B
Russia 2002 = $3 B, then 2013 = $138 B, Today $86 B
Singapore 2002 = 19.4 B, then 2013 = $82 B, Today $110 B
Switzerland 2002 = $28 B, then 2013 = $157 B, Today $190 B
Taiwan 2002 = $0 B, then 2013 = $183 B, Today $175 B
Turkey 2002 = $2 B, then 2013 = $18 B, Today $77 B
United Kingdom = $45.7 B, then 2013 = $130.6 B, Today $189 B
Fiat ponzi scheme, based on thin air, worth less than toilet paper! It will not survive much longer in this environment, IMHO!!
There will be a time when confidence is lost, and THAT will be the end. Whether it happens this fall, or in 10 years, no one can answer that question. It just depends on how down and dirty they can get, and how well they lie. But pretty soon, their lies and scams will not matter, as a house built on sand will fall on day!
OR, they could just start WWIII and annialate the world, and they will be in their bunkers eating each other.
Do NOT put not your faith in wordly things, as Jesus Christ is your ONLY Salvation!
You got that correct, it'll be too radioactive to come out for 1000 years.
First, you are "earthly" in defining the fiat scheme and then you are heavenly in how to solve it? So, make up your mind! If you unfaithful in "worldly things" then what in God's name are you using this computer for?
SHEESH.
I am of this world, does not mean I subscribe to it, my faith transcends the two, but I would not expect a dim witt to understand, carry on with your ignorance of black and white my friend, it's all good!
If Jesus were born today, He would probably carry an AK-47.
I bet not, but you are free to believe in what you want to...I happen to carry an AR...I am also a sinner, imperfect, and a mere mortal.
The Father, the Son, and the Holy Ghost, are Omnipotent. With legions of Angels and more power at their disposal than all the potential energy of the entire Universe
It's either the US economy collapses or we will have WW III.
Most likely both. The politicos have to blame someone besides themselves and the banksters for what they allowed to transpire. I feel sold out like a cheap whore. But then again, hookers and blow are economy enhancing.