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One Last Look At The Real Economy Before It Implodes - Part 4

Tyler Durden's picture




 

Submitted by Brandon Smith from Alt-Market, (click here for Part 1, Part 2 and Part 3)

In the first three installments of this series, we examined the realities behind supply and demand, unemployment and personal debt, and national debt. As has been proven in each consecutive article with ample evidence, mainstream establishment numbers are, for the most part, utter garbage. They are not legitimate. They are meaningless.

The figures and stats that do have some truth to them are so obscured from the public view and unreported by the media that they may as well be state secrets. The average person has no clue of their existence because his primary sources of information are establishment-dominated. Even MSM talking heads and economic “analysts” are so mesmerized by the false version of the economic world that they have no point of reference when suddenly confronted with singular facts. Some people call this catastrophic behavior a “positive feedback loop.” It is a mainstream echo chamber that has become a financial tomb.

Now that I have covered the lies within our economy that I can prove absolutely, it is time to move on to the lies that are more difficult to pin down. These lies often slip past our investigations because the hard data that could be used to expose them is simply not available to the general public. In fact, much of the data is not even available to government officials. I am, of course, talking about the hard data behind the activities of central banks across the globe — the International Monetary Fund, the Bank for International Settlements and the Federal Reserve in particular. In this installment, we will explore the purpose of these lies; to hide the imminent destruction of our currency — by hook, by crook and by fiat.

In Part 3 of this series, real U.S. liabilities were revealed to far exceed official stats given by the Treasury Department (upward of $200 trillion currently owed, not owed in some distant future where none of us will be alive to worry about it). The debt singularity most responsible for this problem has been created through entitlement programs, as well as a Social Security program that the government uses as its own ever-cycling taxpayer supported personal slush fund, triggering a debt accumulation of more than $8 trillion per year.

How does our government (or any government with a central bank) continue to function monetarily if it is generating far more debt than it will ever be able to pay off in tax revenues? Well, our system does not really “function.” It just refuses to fully die. And, it does this through fiat money creation.

The quantitative easing programs, which allowed the Federal Reserve to conjure massive stores of fiat money out of thin air and purchase U.S. Treasury bonds (among other things), were a blatantly open admission by bureaucrats and central bankers alike that the government has not been capable of sustaining its own operations without fiat aid.

I’ll say it again: QE programs are in and of themselves hard evidence of government insolvency.  Solvent governments do not need to monetize their own debt obligations with a printing press.

After the limited TARP audit, which reveled a money creation scheme in excess of $16 trillion (overnight swaps are still a devaluing action though some MSM pundits argue they are not "debt creation"), there has been little information available to the public in regards to the true level of paper and digital money conjured from the ether.  We have no idea to what extent the dollar has ultimately been devalued, and we won't know until foreign investors and banks finalize their decoupling from the U.S. (a process that will likely accelerate this year).

One might argue, though, that since the finalization of the taper and the end of QE3 and the bailout programs overall, our system must be amply flush with cash yet again and the printing bonanza must have been worth the risk. Why else would the taper have been instituted at all? I would argue and have argued in the past that the taper was instituted not in preparation for economic recovery, but in preparation for economic collapse. The QE bailouts have stopped because they no longer serve any purpose in propping up the false economy.

For instance, the inspector general for the Federal Housing Finance Agency (FHFA) is now suggesting yet another bailout for socialist New Deal failures Fannie Mae and Freddie Mac, after the Obama administration reserved the right to take all profits from the conservatorship beginning in 2012. That's right, all that money that Fannie and Freddie supposedly made and paid back didn’t make an ounce of difference, as the federal government now steals profits in order to pay off other debts. In the meantime, companies like Blackstone reap the benefits as they purchase and bid on hundreds of thousands of homes for pennies on the dollar, turn them into rentals and artificially support the illusion of a housing recovery in the United States. (I would also note that Blackstone has conveniently served as an “adviser” to the U.S. Treasury throughout the Fannie/Freddie bailouts.)

As referenced in Part 1 of this series, stimulus measures have absolutely failed to inspire any semblance of recovery in consumer demand, and global demand for goods is imploding.

As referenced in Part 2, real employment has not improved throughout the duration of the Troubled Asset Relief Program, quantitative easing and zero interest-rate policy. In fact, it only seems to have stalled unemployment at about 23 percent.

As referenced in Part 3, stimulus actions have only served to create even more unmitigated debt while producing no tangible results other than a massive bubble in stock markets.

Poverty is at record levels. Welfare demand is at record levels. Average wages are falling, and prices on essential goods (except oil at this time) are rising. Global demand is visibly sliding into the same territory as in 2008/2009. Housing markets have become a corporately boosted feudalistic farce. And unemployment continues at a depressing level; meanwhile, people aren’t even counted as unemployed anymore because they’ve been jobless for so long.

At this point, at the onset of spring 2015, I think it is safe to say that alternative economic analysts have been right all along in our assertions that central bank stimulus measures are completely useless. Though some of the slimier day traders like to argue that they “tripled their profits” during the stimulus period and our “doom and gloom” means nothing to them, in their naivety they would be missing the bigger picture. You don’t play the collapse. In the end, the collapse will play you.

Now, it would seem as though the Federal Reserve has failed in every aspect of its bailout quest. But what are the consequences of this debacle?  The result is the displacement of U.S. economic standing. The U.S. is being made economically irrelevant.

China has surpassed the U.S. as the world’s largest exporter/importer and has long been far superior to the U.S. in manufacturing capability, making China the most valuable economic partner in the world. According to the IMF, China is now superior to the U.S. in trade standing and is soon to be the largest economy on the planet.

China has recently launched its regional Asian Development Bank, a kind of Asian World Bank. And nearly 50 countries, including European allies to the U.S., have rushed to sign on.

The talk is even growing within mainstream circles that China is about to decouple from the U.S. economy and, along with the BRICS nations, structure a new Asian-centric financial system that will “stick it” to the Western financial elites. This, however, is too simplistic a notion.

We are talking about the REAL economy in this series; and in the real economy, no nation with a central bank actually “breaks” from the New World Order. In fact, all conflicts between the East and West are only serving to further the cause of globalists and Fabian socialists.

China alone does not have the capacity to replace the U.S. as a primary driver for the global economy, nor does the Yuan have the capacity to replace the dollar as a world reserve currency. However, this is not China’s goal. It never has been China’s goal. China’s only purpose in its historic fiscal expansion has been to achieve inclusion in what the IMF calls the “global economic reset.” Part of this reset is the introduction of the IMF global currency basket system, or Special Drawing Rights (SDR), as a kind of centralized control mechanism for all currencies around the world. The IMF and China have continuously called for the SDR basket system to replace the U.S. dollar as the world reserve currency.

I covered this developing scheme in great detail in my article 'The Economic End Game Explained'.

Despite the hopes of some alternative writers that China will somehow break the chains of the central banking monopoly, every Chinese action since at least 2008 has been in preparation to become a full slave nation under the control of IMF policy. China has now officially submitted its currency (the Yuan) for inclusion as a reserve currency in the SDR basket.  China's central bank has openly called for the IMF to take a dominant role in the management of the world's currencies through the SDR basket system:

The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."

The IMF conference on the SDR, which takes place every five years, is set to begin preliminaries in May and finish in October or November. It is widely expected that China’s currency will indeed be included in the SDR this year, that this will adversely affect the dollar's standing as the world reserve currency, and that the U.S. will have little capacity to stop such a development. That’s because American veto power within the IMF is likely to be removed, due to a lack of approval on funding measures and policy changes put to Congress in 2010.

In numerous articles over the past couple of years I have warned that the destruction of U.S. position within the IMF would be blamed on "political gridlock" over the refusal by Congress to confirm policy changes from 2010, and the brunt of the blame would be placed on "conservatives".  This past week my suspicions were supported by the statements of Larry Summers, a former Treasury Secretary and elitist who was partially responsible for the end of Glass-Steagall and the creation of the derivatives bubble, and the man who claimed "history will overwhelmingly approve QE".  Summers decried the end of the U.S. as the "underwriter of the global economic system",  also stating:

"Largely because of resistance from the right, the US stands alone in the world in failing to approve the International Monetary Fund governance reforms that Washington itself pushed for in 2009. By supplementing IMF resources, this change would have bolstered confidence in the global economy. More important, it would come closer to giving countries such as China and India a share of IMF votes commensurate with their new economic heft..."

 

"With China’s economic size rivalling America’s and emerging markets accounting for at least half of world output, the global economic architecture needs substantial adjustment. Political pressures from all sides in the US have rendered it increasingly dysfunctional..."

Avid enthusiasm for China’s new regional bank has put the U.S. on the defensive, as supposed allies are joining the chorus calling for China to join the SDR.

This would make the Yuan the first currency not fully convertible to join the SDR basket. Meaning, it is difficult to directly invest in Yuan compared to investing in dollars. But this is exactly what the IMF wants.

The Asian Times put it rather bluntly but honestly:

"Currently, central banks can’t include yuan holdings in their foreign exchange reserves. However, via inclusion in the SDR basket, the currency will effectively enjoy a “back door” where convertibility is concerned. The upshot, according to Citibank, means increased yuan demand from central banks and further integration of the currency into global capital market flows.

 

Importantly, China has espoused an “internationalisation” of reserve currencies away from U.S. dollar hegemony and dependencies on local economic fluctuations on exchange rates and stability. The yuan inclusion in the basket would be a step towards a more multi-lateral currency world. While full convertibility may still be far away, China’s ability to have a global reserve currency may soon be upon us."

Yes, that’s right, China’s inclusion in the SDR will HELP the process of marginalization of the dollar and aid in the ascendance of the SDR as a world reserve mechanism. And as China becomes a currency powerhouse in its role as the No. 1 economy in the world, the only way central banks around the planet can benefit or “invest” in the Yuan will be by stockpiling SDRs! Demand for SDRs will be cleverly boosted by natural demand for the Yuan. This is how a global currency structure begins.

The only true beneficiaries of this cycle will be the IMF and those elites who desperately want a totally centralized global economic system.

In the meantime, as the dollar loses its world reserve status, it loses the ONLY pillar of support keeping its value somewhat stable. As the dollar falls, U.S. citizens will be reduced to Second World or Third World economic expectations. Employment and wages will continue to dissolve, while the margins between the “haves” and “have nots” will continue to grow. In the worst-case scenario, total chaos would result followed by an international intervention to “save us” from ourselves. Our currency would likely be permanently pegged to the SDR basket, just as Argentina’s was pegged to our dollar after its collapse. And the IMF would own the U.S. rather than the U.S. owning the IMF, as is the common delusion.

As stated earlier, Federal Reserve stimulus actions “seem” to have failed miserably. Now our nation is facing a firestorm. But I would submit that the Federal Reserve has not failed in its mission. The Fed’s purpose is not to defend the stability of the U.S. economy and the dollar; the Fed’s purpose is to destroy the stability of the U.S. economy and the dollar. Thus, the Fed has succeeded in its mission. And I believe a full audit of Fed policies and actions would prove this fact beyond a doubt.

I will continue to outline the endgame for globalization that is under way in the next installment of this series, including how central banks in foreign nations collude with each other and are managed by supranational entities like the IMF and the BIS. The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.

 

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Fri, 04/10/2015 - 18:49 | 5980700 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Enslave us? They did that a long time ago. The next step is to encourage any humans deemed a threat to their rule to stop reproducing, to make way for their robotic replacements.

The class war is real. The bad guys are winning. And they have no intention of taking any more prisoners than they need for spare parts and sex slaves. 

Fri, 04/10/2015 - 18:51 | 5980709 HedgeAccordingly
HedgeAccordingly's picture

Mohamed El-Erian says "investors only have a few years left to enjoy era of low volatility"

http://hedgeaccordingly.com/2015/04/mohamed-el-erian-says-investors-only...

Fri, 04/10/2015 - 18:55 | 5980720 knukles
knukles's picture

And we shall be led to the grand finale by those who would use their own children to further their political ends.
Disgusting....

http://www.elle.com/culture/celebrities/news/a27707/chelsea-clinton-may-...

Fri, 04/10/2015 - 19:11 | 5980737 kaiserhoff
kaiserhoff's picture

Web Hubbell's kid keeps gettin' uglier.

Fri, 04/10/2015 - 21:33 | 5981065 Shocker
Shocker's picture

Its been umm 7 years since the Recovery.... Look around

Enough said

Layoff List: http://www.dailyjobcuts.com

-

Fri, 04/10/2015 - 21:45 | 5981077 ZerOhead
ZerOhead's picture

Speaking of Blackstone... this charity-minded fellow Jacob Rothschild seems to be doing a marvellous job with this Blackstone outfit. All that hard work and yet he never makes the Forbes Billionaire list. Pity he didn't have more distinguished parents...

http://www.blackstone.com/the-firm/overview/our-people/jacob-rothschild

Sat, 04/11/2015 - 01:20 | 5981409 TheReplacement
TheReplacement's picture

Sure am glad he doesn't look like that guy on The Simpsons.  That would be scary.

Sat, 04/11/2015 - 06:21 | 5981569 mvsjcl
mvsjcl's picture

ZH, don't forget

Randall Rothschild Managing Director Real Estate Debt Strategies New York

 

'Cause there's never just one....

Fri, 04/10/2015 - 21:46 | 5981104 NoDebt
NoDebt's picture

I, for one, welcome our new Chinese overlords.  That is, if this is what comes to pass.  Which I doubt.  They've got plenty of their own problems to deal with.

Fri, 04/10/2015 - 22:02 | 5981130 ZerOhead
ZerOhead's picture

Like the massive new US military base targeting China in Brunei?

Looks like the upcoming NWO share ownership struggle still has to play out for a bit...

http://www.voltairenet.org/article187251.html

Fri, 04/10/2015 - 22:45 | 5981215 Captain Debtcrash
Captain Debtcrash's picture

I'm not sold on the US being economically wiped out in the upcoming monetary shift. I've heard the SDR solution over and over but I just don't see how another supranational money creation mechanism solves the problems we're in. I'll certainly buy that it would be good for China though.

http://www.debtcrash.report/entry/us-strength-in-the-upcoming-monetary-shift

Fri, 04/10/2015 - 23:49 | 5981330 Squid-puppets a...
Squid-puppets a-go-go's picture

The oligarchy are despicably evil no doubt - but - is it possible within the teeming mass of humanity for them to devise - and maintain - any system that is fair for all and stable over the long term? 

It may well be that any system they try only works for a few decades then becomes unstable. The 'Big Reset' is caused by the profiteering oligarchs, but perhaps they have no choice but to engineer something

I dont apologise for their theft, their wars, their lies, the way they destroy millions of lives, but i think its not unreasonable to consider the situation somewhat mitigated in that even utopia may be beyond their capabilities - a sustainable utopia , that is. Even well intentioned oligarchs - and i suppose some of them are - cannot avoid entropy

 

Sat, 04/11/2015 - 03:45 | 5981519 SilverRhino
SilverRhino's picture

The only way you get a truly long term empire going is a hydraulic empire.   Taking over all freshwater lakes, rivers, ground water and rainfall by government edict seems to be the backdoor method of control.  

 

Sat, 04/11/2015 - 06:04 | 5981561 Captain Debtcrash
Captain Debtcrash's picture

I just haven't heard an explanation of how the SDR get's us our of the mess of debt, the bonds still have to be paid back in the contracted currency. I guess the debt owed to different nations may be able to be paid off with SDR's, but if SDR's aren't a medium of exchange in the real economy I still don't see how they are a real fix. Maybe someone could explain it.

Here is my guess, certainly only circumstantial evidence, no proof, but it just feels like something the powers that be would pull: http://www.debtcrash.report/entry/recent-trends-toward-the-e-dollar

Or maybe they will just get rid of cash and implement serious negative rates to a level that will eliminate debt like this yahoo in the story below wants. Screw a transition like the E Dollar. I seriously can not believe what I read any more. This is a Fucking bank employee, saying he is an economist spouting the virtues of forcing depositors to pay the banks for the privlige of allowing the banks to speculate with their money. You can’t say you are an economist (imply that you are an impartial academic, which is exactly what he is doing) while you are employed by an entity that will profit the most by that reform, besides the government of course.  They have been wanting a cashless society for a while.  Sorry it ticks me off.

 

http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it...

Sat, 04/11/2015 - 00:04 | 5981345 luckylongshot
luckylongshot's picture

I agree, the SDR is a short sighted attempt to maintain the current toxic system.

Sat, 04/11/2015 - 03:17 | 5981504 conscious being
conscious being's picture

Our friend Brandon here is sourcing articles from 2009 and 2011 to describe China's current thinking. Didn't they install a new government between now and then?

Then there's this explaining the rational for why China supposedly cares do much about SDRs - "The Asian Times put it rather bluntly but honestly:
"Currently, central banks can’t include yuan holdings in their foreign exchange reserves."

vs.
This Reuters artcle he links to - More than 60 central banks hold the yuan in their reserves, according to China-focused bankers in London.

Something's a little off in this story.

Sat, 04/11/2015 - 03:50 | 5981521 Squid-puppets a...
Squid-puppets a-go-go's picture

if china had faith in the SDR solution, would it be implementing the AIIB, its own gold fix and futures bourse, and currency swap /trade deal arrangements?

Sat, 04/11/2015 - 06:17 | 5981568 Squid-puppets a...
Squid-puppets a-go-go's picture

and to add to that, the SDR is just another bubble. I think even the oligarchs are keen to get back to stability - sure, they want to profit from positioning being the insiders on the reset, but after the reset they want to peacefully go about their privileged lifestyles. This constantly looking over your shoulder for 30% currency shifts in one day - that shit rattles anyone. You want to maintain your wealth for generations to come, you need a system that is usually stable, and only temporarily chaotic.

SDR's maintain chaos. The only two changes that can bring stability are gold revaluation (with a purpose of extinguishing debt) and/or jubilee.

 

Sat, 04/11/2015 - 07:44 | 5981615 new game
new game's picture

this is by far the best written explanation of where are and how we got here!

http://davidstockmanscontracorner.com/none-dare-call-it-fraud/

read it, understand it. sums the situation and explains

the world and how it evolved to today.

simple summation: debt swirling in a vortex gaining velocity.

when will the debt spin off its' axis or just not spin?

i see a repudiation and reset to a spdr basket with the same

masters contolling it. once the sheer volumn overwelms usery rate and zero is the limit, then the system breaks down. we are nearing that point in japan.

a world without japan will quickly be filled by tiwan, s korea and china.

contolled burn, lots a smoke.

imf is the defacto ptb bankers that carry on the next fraud cycle.

 

Sat, 04/11/2015 - 07:52 | 5981622 new game
new game's picture

upon reading my post i upvoted myself and have to run. a trophy(cheap made in china plastic crome covered piece of shit worthy of nothing but a symbol of collective system failing fast) for losing, cause we all know everybodies a winner! ha, good day to ya, ya right, ha...

no s/ ha...

Sat, 04/11/2015 - 05:13 | 5981547 runningman18
runningman18's picture

His quote from the Chinese central bank supporting the IMF and SDR is from this past year:

http://abcnews.go.com/Business/story?id=7168919

And the Chinese officially requested SDR inclusion this past week, so, not sure what you are talking about as far as old info.  The Chinese not only want in, they openly call for the IMF to run the show.  This is a fact.

Not that it matters since the IMF is welcoming the AIIB with open arms:

http://www.reuters.com/article/2015/03/22/us-china-finance-ministry-adb-...

And central banks are limited in the amount of Yuan they can hold in reserve, which is why the articles mention that the Yuan is not "fully convertable".  You have to read everything, not just cherry pick certain points.  Smith's research is dead on.

 

Sat, 04/11/2015 - 06:49 | 5981564 conscious being
conscious being's picture

Runningman - from this BS article

"The IMF and China have continuously called for the SDR basket system to replace the U.S. dollar..."

The imbedded link goes to a CNN Money article dated Feruary 10, 2011. And, despite what Brandon implies, the linked to article never mentions China. See for your self and tell me I'm wrong.

Next we have - "China's central bank has openly called for the IMF to ... through the SDR basket system:"

Which links to the ABC News article "China calls for new global currency", you say is from "this past year". It is not. It is dated March 2, 2009. Click the link in your own post and see.

The assertion that is questionable imo is China's embrace of the SDR. Yes, you found a link to a March 2015 Reuters article. Show me where the link you think exonerates Brandon mentions SDRs. Save youself the trouble. You can't. Because your link from Brandon's article from March 2015 never mentions SDRs.

Yes, the AIIB has been very well received. I never said it wasn't, but acceptance of the AIIB says nothing about China's fondness or lack their of, for SDRs. Does it? You're off on a tangent. The article has an agenda. You are not a bad guy, but don't get led around by the nose. SDRs have all the same fiat problems and then some that got us here in the first place.

Sat, 04/11/2015 - 07:37 | 5981608 runningman18
runningman18's picture

The article is in reference to the IMF.  The quote comes from the head of China's central bank.  Not sure what your point is, except that he is using two seperate sources to support his argument that the two are in collusion.   Also, again, China has already formally requested inclusion in the SDR this past week, a fact which you conveniently ignored.  If you are trying to make the argument that China's position has somehow changed in the past few years, then this fact alone sort of lays your argument to rest.  The Reuters article mentions the Asian Regional Bank, which was launched primarily by CHINA.  A relationship with the AIIB is a relationship with China, dude.  So yeah, you cherry pick info once again.  The fact that the IMF embraces the AIIB is yet another indication that the East and the West are not "at odds".  Quite the contrary.

So let's go over this again, shall we.  China has officially requested inclusion in the SDR basket.  End of story.  Meaning, your apparent theory that China has perhaps changed its tune since 2009 or 2011 in terms of the IMF and the SDR is now null and void.  That debate is done.

The IMF in turn has openly supported the AIIB  - a Chinese dominated institution.  So, this shows a mutual love fest between the two entities.  Again, that debate is done.  You can rationalize your way around the facts all you like, but the facts are the facts.  You aren't a bad guy either, I'm sure, but you obviously have a bias that is blinding you to reality.  You're seeing a conspiracy within Smith's article that isn't there, while missing the giant conspiracy right in front of your face. 

Sat, 04/11/2015 - 08:36 | 5981663 Took Red Pill
Took Red Pill's picture

"The IMF conference on the SDR, which takes place every five years, is set to begin preliminaries in May and finish in October or November"

Guess we'll find out this year

Fri, 04/10/2015 - 19:13 | 5980760 Theta_Burn
Theta_Burn's picture

She will extract her "own" pound of flesh, (and a few 10's of millions) on her "own" terms, when her hat gets thrown in the political rodeo...

Fri, 04/10/2015 - 21:32 | 5981063 stant
stant's picture

The black hawks are back after a long winter .time is short

Sat, 04/11/2015 - 01:37 | 5981428 dexter_morgan
dexter_morgan's picture

Chelsea Clinton....why anybody gives a fuck about anything she says/does baffles me. Would the Clintons Bushes and Rothchild clans just fucking die off already.

Sat, 04/11/2015 - 01:11 | 5981401 TheReplacement
TheReplacement's picture

Funny that a money grubber named Mohamed doesn't have any fatwas against him.

Fri, 04/10/2015 - 21:33 | 5981068 eforce
eforce's picture

The Protocols is the plan, if it is allowed to be completeld, the Jews will loose their gift of dispersion and the Synagogue of Satan (fake Jews) will exterminate them.

Sat, 04/11/2015 - 01:12 | 5981402 TheReplacement
TheReplacement's picture

Yeah, don't see that happening.  Not saying we'll survive but I don't think evil wins in the end.

Sat, 04/11/2015 - 02:41 | 5981491 Sinnedi
Sinnedi's picture

Thank you for misleading everyone NSA

When touching on such themes, Reagan echoed the work, and sometimes the phrasing, of occult scholar Manly P. Hall.

From the dawn of Hall’s career in the early 1920s until his death in 1990, the Los Angeles teacher wrote about America’s “secret destiny.” The United States, in Hall’s view, was a society that had been planned and founded by secret esoteric orders to spread enlightenment and liberty to the world.

In 1928, Hall attained underground fame when, at the remarkably young age of twenty-seven, he published “The Secret Teachings of All Ages,” a massive codex to the mystical and esoteric philosophies of antiquity. Exploring subjects from Native American mythology to Pythagorean mathematics to the geometry of ancient Egypt, this encyclopedia arcanaremains the unparalleled guidebook to ancient symbols and esoteric thought. “The Secret Teachings” won the admiration of figures ranging from General John Pershing to Elvis Presley. Novelist Dan Brown cites it as a key source.

 

And

"The Third World War must be fomented by taking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time." 4

 

Sat, 04/11/2015 - 06:42 | 5981576 espirit
espirit's picture

Methinks this be where Stephen King got the idea for "The Stand".

Fri, 04/10/2015 - 22:48 | 5981223 Nolde Huruska
Nolde Huruska's picture

I recall Finch in V for Vendetta asking "What usually happens when people without guns stand up to people *with* guns?" At least here in the US we will discover what happens when people with guns stand up to people with guns. If nothing else, it should prove a facinating spectacle.

Fri, 04/10/2015 - 22:51 | 5981233 chilli sauce
chilli sauce's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Fri, 04/10/2015 - 22:56 | 5981247 Incubus
Incubus's picture

If you're medial intelligence, or sub-medial, it's easy to reproduce and make dumbfuck fuckface brat slaves for the next generation.

Do you know how difficult it is to find another intelligent, objective human-being out there?  Let alone getting to the point of reproducing?

 

Odds aren't good. And that's an understatement.

 

Sat, 04/11/2015 - 01:15 | 5981405 TheReplacement
TheReplacement's picture

This article is speculative confirmation of my theory that China and Russia are really China then Russia.  More and more it looks like Russia will stand alone.

Sat, 04/11/2015 - 03:22 | 5981506 conscious being
conscious being's picture

This article has an agenda in promoting SDRs. Time will tell.

Fri, 04/10/2015 - 18:51 | 5980702 Thirst Mutilator
Thirst Mutilator's picture

 The economy will IMPLODE when the jew bankers are properly positioned to inherit joobuck scheckels from the downturn... NOT BEFORE...

 

Any questions [from the 'downvoters' ABOVE who are amongst the 67% WHO DIDN'T GO TO temple THIS EVENING, BECAUSE THEY ARE ''ASHKENAZIS']?

Fri, 04/10/2015 - 19:09 | 5980753 Theta_Burn
Theta_Burn's picture

This post would be hysterical instead of just funny if it wasn't so true...

Fri, 04/10/2015 - 20:29 | 5980763 Thirst Mutilator
Thirst Mutilator's picture

Every morning that I wake up... I do my best to stifle the laughter... [Daphne ROSEN porn, on the internet, helps]...

 

What's worse?... I HAVE NO FRIENDS... [because they're ALL zombies]...

 

Oh ~ & by the way...

 

For you DOWNVOTERS <ABOVE>... Please indulge me to EXPLAIN to me how I'm INCORRECT... Yeah ~ Didn't think so... 

 

Since y'all pretend to be so difficult to amuse... TRY THIS...

 

http://www.xvideos.com/profiles/daphne-rosen

Fri, 04/10/2015 - 22:30 | 5981176 claytonmoore50
claytonmoore50's picture

I see why TM has no friends...

TM needs a real hobby....

Sat, 04/11/2015 - 01:23 | 5981412 TheReplacement
TheReplacement's picture

Really dude?  A fattie.... ugh.

Sat, 04/11/2015 - 05:47 | 5981557 winchester
winchester's picture

better a fattie than a hand job...

 

fattie with big nipple is comfy, , so.. better than nothing, it can talk and cook too, like any others. son't be so selective in the futur you might have just no choice :)

 

Fri, 04/10/2015 - 20:15 | 5980897 Kirk2NCC1701
Kirk2NCC1701's picture

TM, your one-dimensional meme and font habits (combo of Italics and BOLD) are giving you away.

You may want to revert to the subtle approach, lest you get made. :-)

Fri, 04/10/2015 - 20:22 | 5980915 pakled
pakled's picture

Definitely not thinking "3 dimensionally", eh?

Fri, 04/10/2015 - 21:03 | 5980954 Thirst Mutilator
Thirst Mutilator's picture

@kirk

 

 

Do you actually think I give a motherfucking fuck? ~ [I say that in the NICEST way possible] ~ :-)

 

~ Do I REALLY have to 'copy/paste' portions of the thread article to illuminate my POV?

Fri, 04/10/2015 - 22:53 | 5981236 City_Of_Champyinz
City_Of_Champyinz's picture

You are just another tinfoil hat wearing basement dwelling idiot racist idiot.

Fri, 04/10/2015 - 23:02 | 5981261 bwh1214
bwh1214's picture

Idiot racist idiot, like department of redundancy department?

Fri, 04/10/2015 - 23:42 | 5981322 City_Of_Champyinz
City_Of_Champyinz's picture

Thanks for adding to the conversation.

Sat, 04/11/2015 - 03:24 | 5981507 conscious being
conscious being's picture

What did you add?

Fri, 04/10/2015 - 22:57 | 5981250 Things that go bump
Things that go bump's picture

So sorry, your POV is sophmoric and inane.

Fri, 04/10/2015 - 23:44 | 5981324 City_Of_Champyinz
City_Of_Champyinz's picture

Yes, much like this anti-semite moron & his simpleton reality.  Why did you even bother to make such a dumb comment?

Sat, 04/11/2015 - 02:15 | 5981467 Theta_Burn
Theta_Burn's picture

Stop please. its fucking funny...

Sat, 04/11/2015 - 03:26 | 5981510 conscious being
conscious being's picture

Most likely, C of C is the anti-Semite. Get a dictionary and look up Semite.

Fri, 04/10/2015 - 21:40 | 5981087 Pava
Pava's picture

another day another retarded anti-semite...

Sat, 04/11/2015 - 03:31 | 5981511 conscious being
conscious being's picture

If you are not a bot with key-bounce, please enlighten us by defining the term anti-Semite you are throwing around. Are you pirating semantics again?

Fri, 04/10/2015 - 21:40 | 5981088 Pava
Pava's picture

another day another retarded anti-semite...

Sat, 04/11/2015 - 01:18 | 5981408 TheReplacement
TheReplacement's picture

Hmm, I think you over estimate the loyalty of that group to each other, especially the minions.  They (the very, very few) seem to be angling at one world domination.  Why would they care if some bankers/financiers made a profit when they might not even plan to let them live.

Only the tippy top survive?

Fri, 04/10/2015 - 18:56 | 5980721 Alananda
Alananda's picture

Brandon Smith tells economic truth like no other I have ever read, dating back to his days as neithercorp.us!  GOD bless and keep you, Brandon, may alt-market become a reality sooner than later!

Fri, 04/10/2015 - 19:31 | 5980798 holdbuysell
holdbuysell's picture

Agreed. He gets the big picture and distills it well. Despite the ratings on the article at present, this is a well done thorough piece.

Fri, 04/10/2015 - 20:02 | 5980867 weburke
weburke's picture

the may through oct/nov for the 5 year imf sdr meeting is ominous. 

https://www.youtube.com/watch?v=dEaOhaxka8g&index=18&list=FLbxyCizMndI5D...

Sat, 04/11/2015 - 03:33 | 5981512 conscious being
conscious being's picture

John Denver?

Fri, 04/10/2015 - 18:56 | 5980725 techstrategy
techstrategy's picture

Liquidate TBTJ.  Squeeze gold.  Each and every day.

Fri, 04/10/2015 - 18:56 | 5980726 FreeShitter
FreeShitter's picture

They have your money, they want your soul.

Fri, 04/10/2015 - 19:02 | 5980742 kaiserhoff
kaiserhoff's picture

Right about the 200 trillion in debt.  The rest is way over blown.

I wouldn't want to be in China when the shit hits the fan.

Fri, 04/10/2015 - 21:52 | 5981117 Calmyourself
Calmyourself's picture

Kaiser, absolutely wherever the shit hits the fan, large portions will land in China and all the empty cities in the world will not feed their population. Of course the elites will be dug in deep..

Fri, 04/10/2015 - 19:18 | 5980766 keremetski
keremetski's picture

for ( int i = 1 ; i < sheeple.lastOne ; i++)
{
pump ;
timer(7).wait();
dump ;
}

Fri, 04/10/2015 - 19:53 | 5980797 JuliaS
JuliaS's picture

for ( float interestRates = 0; interestRates <= 0; interestRates -= 0.25 )

{

 print($);

}

Fri, 04/10/2015 - 19:20 | 5980769 Salsipuedes
Salsipuedes's picture

As long as the IMF exists, IMFucked and so are you.

Sat, 04/11/2015 - 03:42 | 5981515 CuttingEdge
CuttingEdge's picture

Especially with the likes of "Agent Orange" at the helm.

Fri, 04/10/2015 - 19:21 | 5980772 shouldvekilledthem
shouldvekilledthem's picture

Wait for it..............

Fri, 04/10/2015 - 19:23 | 5980777 holdbuysell
holdbuysell's picture

"In fact, all conflicts between the East and West are only serving to further the cause of globalists and Fabian socialists."

Please expand. My understanding is the globalists fall into two collectivist camps, Fabians (soft style, I.e social engineering, approach as practiced by the west) and Leninist (hard, militaristic approach as practiced by the east). Those above these two ideologies simply pit them against each other in a Hegelian Dialectic fashion to reach the end goal: a collectivist global government.

So those seemingly cheering for a Western downfall due to a rise of eastern powers may only be walking right into an eastern trap, cut from a portion of the same collectivist cloth.

It actually could be worse.

Fri, 04/10/2015 - 21:11 | 5981025 parker284
parker284's picture

It is about to get much, much worse!   :-(

Fri, 04/10/2015 - 19:26 | 5980790 StupidEarthlings
StupidEarthlings's picture

So..how many parts is this series? 

30?...87?..

Fri, 04/10/2015 - 19:35 | 5980813 FreeShitter
FreeShitter's picture

666

Sat, 04/11/2015 - 06:01 | 5981562 The Navigator
The Navigator's picture

Close, 3 out of 4 numbers

308

Closer than 762 minus 666

Sorry, my mindset is trending to caliber numbers lately.

Fri, 04/10/2015 - 19:53 | 5980852 ebworthen
ebworthen's picture

They'll get rid of paper and coin currency, force everyone to bank with the TBTF banks, and we'll pay a 5% "stability levy" every month.  What are we going to do, call the cops?

Fri, 04/10/2015 - 22:38 | 5981194 daveO
daveO's picture

NitWitcoin for everyone! The 5% inflation remains about the same.

Sat, 04/11/2015 - 00:24 | 5981367 Free Wary
Free Wary's picture

try to force me to bank where I don't want to

Sat, 04/11/2015 - 01:43 | 5981436 ILLILLILLI
ILLILLILLI's picture

JohnGaltFla (who posts here) wrote a story called "The Day The Dollar Died"...pretty good stuff. In a nutshelll...EBT cards for all.

Sat, 04/11/2015 - 03:41 | 5981514 conscious being
conscious being's picture

See, ebworthen, that's one of the problem's I have with the article.

Have a look this and take your pick https://www.google.com/search?q=china+tells+people+buy+gold&ie=utf-8&oe=...

Fri, 04/10/2015 - 19:58 | 5980861 Cautiously Pess...
Cautiously Pessimistic's picture

When He broke the third seal, I heard the third living creature saying, "Come." I looked, and behold, a black horse; and he who sat on it had a pair of scales in his hand. And I heard something like a voice in the center of the four living creatures saying, "A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine."

Fri, 04/10/2015 - 20:08 | 5980883 coast
coast's picture

The article has much truth...what we dont know, is the timing.  IMO, it could be a few months, or a few years...But the plan is in place and they have no intention of stopping.... THey are in too deep to stop.

Fri, 04/10/2015 - 20:48 | 5980983 moratar
moratar's picture

or few decades or few centuries, or few millenias.

So collapse might be in year 4103, why should I care? Anyway only US will collapse, world will keep on spining.

7billion ppl shouldn't care what 0.3billion (us citizens) thinks. that small part of global population might be called collateral damage.

USA can die, 7 billion ppl won't care

Fri, 04/10/2015 - 21:43 | 5981083 RafterManFMJ
RafterManFMJ's picture

...but don't you get it? We're exceptional! The shinning city on the hill! If the beacon of America goes dark, how will the people of the world who yearn to be free find their way through the dangerous shoals of Fascism and Communism to our Utopian Equalitarian world?

Should America's beacon go dark, the world won't see her like again for 1000 years!

Fri, 04/10/2015 - 22:22 | 5981159 moratar
moratar's picture

Exceptional :

https://ideationz.files.wordpress.com/2012/09/exceptional3.jpg

Everyone should be happy not just 1 happy, and everyone else as a slave.

Global (US) collapse is wishfull thinking let's hope it will come true.

Fri, 04/10/2015 - 22:41 | 5981197 daveO
daveO's picture

Next hard down leg in 2017. Can't have the black messiah being blamed for any of it. Better to pin it on the next white guy, as per their 50+ year game plan.

Fri, 04/10/2015 - 20:11 | 5980888 atomicwasted
atomicwasted's picture

IMF = US.  It isn't a "supranational global elite."

Sat, 04/11/2015 - 02:15 | 5981466 runningman18
runningman18's picture

Then why is the IMF about to cut off America's veto powers?  The U.S. is nothing but a sacrificial appendage to the bankers.

Fri, 04/10/2015 - 20:13 | 5980894 Bossman1967
Bossman1967's picture

You know I waited for this so called collapse for a year and whats funny nothing happened untill I reopened by business back in march put 4 grand in it and its doing great but it seems the shit going on is in hyperdrive but hey the markets are still way up and records come Tuesday right. Its like a recurring bad dream

Fri, 04/10/2015 - 21:46 | 5981106 RafterManFMJ
RafterManFMJ's picture

Four grand?

Do you change the position of your mobile taco stand each day, or stay immobile and try to build a base of regulars?

Fri, 04/10/2015 - 23:07 | 5981277 IRC162
IRC162's picture

Business??  Buy stocks,  your business will never keep pace. 

Fri, 04/10/2015 - 20:15 | 5980899 kchrisc
kchrisc's picture

"How does our government (or any government with a central bank) continue to function monetarily if it is generating far more debt than it will ever be able to pay off in tax revenues? Well, our system does not really “function.” It just refuses to fully die. And, it does this through fiat money creation."

Zionist banking in a nutshell:
My friends and I come into your store everyday and pay with debt instruments that you then are obligated to pay vig on to us. We have taken, and not actually paid for, merchandise from your store, and also put you in debt to us. When you go out of business we will take over the store, as it is collateral for the debt you owe us.

The moral: They don't care what happens to us, only what they get from us.

The banksters need to repay us.

 

Sat, 04/11/2015 - 01:46 | 5981441 ILLILLILLI
ILLILLILLI's picture

There you have it...

Fri, 04/10/2015 - 20:20 | 5980909 moratar
moratar's picture

Baltic Dry Index went UP 20% in last 2 months, does that mean we are in recovery? :)

Fri, 04/10/2015 - 20:38 | 5980957 moratar
moratar's picture

"U.S. citizens will be reduced to Second World or Third World economic expectations"

That's where US place is Third World, they just bully around stealing goods from countries that have weaker military power.

Someone should kick US ass, nuking few cities and killing 50-60m ppl would be good start.

Sat, 04/11/2015 - 08:48 | 5981672 Cloud9.5
Cloud9.5's picture

Oil tankers?

Fri, 04/10/2015 - 20:20 | 5980910 blindman
blindman's picture

https://www.youtube.com/watch?v=jzTLoyFBGeM
.
NRBQ - "I Got A Rocket In My Pocket" (1988)
https://www.youtube.com/watch?v=-d5Hdqyjj5o
.
NRBQ ~ This Old House
https://www.youtube.com/watch?v=JmpLB7_icRg
.
Rosemary Clooney - This Ole House
https://www.youtube.com/watch?v=nstn4Wscl1w
.
THIS OLD HOUSE by STUART HAMBLEN
https://www.youtube.com/watch?v=0WhLhF12TBE
.
NRBQ - I Want You To Feel Good Too (Live on Sunday Night 1988)
https://www.youtube.com/watch?v=jzTLoyFBGeM

Fri, 04/10/2015 - 20:20 | 5980911 pakled
pakled's picture

I wonder if the chances of the US imploding decreases proportional to the number of people predicting it?

Fri, 04/10/2015 - 20:22 | 5980913 Kirk2NCC1701
Kirk2NCC1701's picture

This won't hit Reset until the world loses critical confidence in the Fed and US Markets.

That won't happen until we see QE4, 5 or 6 AND we see Zero or Negative Yields.

Until then, it's BTFATH, BTFD and "Party On, Wayne!" -- no matter what ZH says.

When you get a nose bleed or get scared of heights, 'Exit Stage Left' and cash in your chips for AU chips (if still available) and other Crisis Supplies.

This is all the advice you need this year.

Fri, 04/10/2015 - 20:31 | 5980936 Cautiously Pess...
Cautiously Pessimistic's picture

That's my plan.  I am stockpiling bartering goods slowly, but consistently.  The Fed, and other CBs, can stay irrational and levitate these fake economies way longer than I can remain patient.  So, I go about my daily business in the Matrix, biding my time, like a good little boy.

Fri, 04/10/2015 - 21:54 | 5981123 RafterManFMJ
RafterManFMJ's picture

I read "bartering" as "bartending" and I thought "sounds like a reasonable plan!"

Fri, 04/10/2015 - 22:51 | 5981230 daveO
daveO's picture

With NIRP, I don't think they can do anymore QE's w/o stampeding savers into hard assets of all kinds. Gold now, this year, before they attempt another round. Better to be early, pay more, than be left out entirely after the panic.

Sat, 04/11/2015 - 00:22 | 5981365 Free Wary
Free Wary's picture

NIRP is already here if you use a real inflation measure, try M3 growth

Fri, 04/10/2015 - 20:25 | 5980923 kchrisc
kchrisc's picture

I'm glad the article mentions SDRs, as that is what the banksters are going to foist on us in lieu of the dollar.

Replace the dollar yoke with SDR chains.

Looks like China prudently wants in on the scam, so they, like Zion, can protect their debt based assets when the dollar goes poof.

The banksters need to repay us.

 

"We no longer take dollars in payment, but feel free to remit gold, euros, or renminbi."

Fri, 04/10/2015 - 20:57 | 5980995 Chauncey Gardener
Chauncey Gardener's picture

Upvote for the SDR reference. Sounds like you might have read The Death of Money...China will implode, along with the Dollar, the Petro Dollar, and the Euro. 

It won't be pretty.

Keep stackin'.

Fri, 04/10/2015 - 21:02 | 5981004 Oldwood
Oldwood's picture

Like replacing the currency replenishes lost confidence. Only replacing those who "created" the currency in the first place will replenish confidence.

Fri, 04/10/2015 - 21:22 | 5981046 kchrisc
kchrisc's picture

You make two good, but separate arguments.

Their confidence lies in their control of governmnet coercion and violence. I.e. they feel they can do anything they want, so long as they can kidnap, cage, torture or kill anyone they like. They aim to replace their dollar branded fiat with another brand of fiat that will prevent the evaporation of their fiat based debt assets--they will come for the blood from the stone.

Separately, it is our "right...duty" to replace them, and put them on trial as well. Not to restore confidence, as only their fiat confidence game requires that, but to Restore Liberty and the Constitutional republic.

The banksters need to repay us.

Sat, 04/11/2015 - 01:52 | 5981449 ILLILLILLI
ILLILLILLI's picture

ANNOUNCER VOICE: "It's New! It's Better! It's Improved! It's the SDR™...Get yours today!"

TheSDRistheonlylegalmeansofconductingtransactionsandfailuretousetheSDRwillresultinphysicalharmandimprisonmentpossiblydeathyouhavebeenwarned.

Fri, 04/10/2015 - 23:35 | 5981309 dexter_morgan
dexter_morgan's picture

Maybe temporarily but wouldn't they ultimately be foisting a global legal tender on us. One world elitist gubmit and one global currency? Those are the ZWO goals.

Sat, 04/11/2015 - 00:21 | 5981362 Free Wary
Free Wary's picture

-1 for saying the pathetic word "banksters" you plebe

Fri, 04/10/2015 - 20:33 | 5980943 arrowrod
arrowrod's picture

You mean that I have to go back to work?

I was thinking of creating a HFT computer.  Using the new "Watson" cloud. 

I barely understand the algorithms, but I used to...

 

Just to f over the Goldman boys.

 

Fri, 04/10/2015 - 20:45 | 5980972 bid the soldier...
bid the soldiers shoot's picture

you won't get an argument from me

the Fed’s purpose is to destroy the stability of the U.S. economy and the dollar. Thus, the Fed has succeeded in its mission. 

I have been saying that the Fed purposely destroyed the global economy since 2010.  It is the only explanation for what happened.  And Greenspan was the architect.  From the creation of teh pool of subprime mortgages, to the repeal of Glass-Steagall (he could have prevented its passage) to the creation of the CDO and MBS and how they were sold, to the low interest rates which inflated the bubble. Greenspan's fingerprints are everywhere.

WHY?

It is because of two unstoppable reasons: 

First, in spite of the tremendous drop of the price of crude oil and the enormous increase in its supply, in 2008 we were heading to peak oil in a decade or two with the growth of the global economy, particularly the growth of China. Since the crash of 2008, consumption (not demand) has dropped dead.

 

The other reason needs no argument in America.  The behavior of our police this last year speaks for itself.

In a few more decades, probably coincidental with peak oil, whites will be a minority in America.  The coalition of blacks and latinos will out vote the white minority.  With that coalition controlling Congress, rich white folk could be taxed out of existence.

 Nuff said.

Fri, 04/10/2015 - 20:46 | 5980976 Longduckydong
Longduckydong's picture

If we have years left of low vol, this market is gonna rip higher. Not sure how that can be true

Fri, 04/10/2015 - 21:14 | 5981030 N0TME
N0TME's picture

When is this implosion suppose to take place?????

Sat, 04/11/2015 - 00:19 | 5981359 Free Wary
Free Wary's picture

NOW! , uh, wait, oK NOW! - no wait OK NOW! NOW! NOW! Tomorrow!

 

I think it will happen after the doomers like me finally give up on it happening

Fri, 04/10/2015 - 21:22 | 5981045 Magooo
Magooo's picture

THE END OF CHEAP OIL  Global production of conventional oil will begin to decline sooner than most people think, probably within 10 years   Feb 14, 1998 |By Colin J. Campbell and Jean H. Laherrre    http://www.scientificamerican.com/article/the-end-of-cheap-oil/

 

HOW HIGH OIL PRICES WILL PERMANENTLY CAP ECONOMIC GROWTH For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies.  http://www.bloomberg.com/news/articles/2012-09-23/how-high-oil-prices-will-permanently-cap-economic-growth

 

BUT WE NEED HIGH OIL PRICES:  The marginal cost of the 50 largest oil and gas producers globally increased to US$92/bbl in 2011, an increase of 11% y-o-y and in-line with historical average CAGR growth.  http://ftalphaville.ft.com/2012/05/02/983171/marginal-oil-production-costs-are-heading-towards-100barrel/

 

Steven Kopits from Douglas-Westwood said the productivity of new capital spending has fallen by a factor of five since 2000. “The vast majority of public oil and gas companies require oil prices of over $100 to achieve positive free cash flow under current capex and dividend programmes. Nearly half of the industry needs more than $120,” he said http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11024845/Oil-and-gas-company-debt-soars-to-danger-levels-to-cover-shortfall-in-cash.html

 

THE PERFECT STORM (see p. 59 onwards)

The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf

 

Get ready to die motherfuckers.

Fri, 04/10/2015 - 23:01 | 5981259 daveO
daveO's picture

that the economy as we have known it for more than two centuries is beginning to unravel.

Doom porn. Rural electrification just happened 70 years ago. My dad's parents didn't even have electricity when he was born in '41. They didn't get it until after the orchestrated kill off. Now, 3rd world countries have solar panels. Meanwhile, Rockefeller's environmental groups have nearly outlawed coal fired US power plants. The US is still the Saudi Arabia of coal, even though, higher profit margin solar will probably take its place. All those panels will be made in Chinese slave labor facilities, of course.

Fri, 04/10/2015 - 21:28 | 5981056 Raging Debate
Raging Debate's picture

Good article. If history ryhmes than I wonder who will go fulll retard first? It is a game of king of the hill...

Sat, 04/11/2015 - 01:55 | 5981452 ILLILLILLI
ILLILLILLI's picture

Long propane and propane accessories...

Fri, 04/10/2015 - 21:41 | 5981075 ucde
ucde's picture

The debt singularity most responsible for this problem has been created through entitlement programs, as well as a Social Security program that the government uses as its own ever-cycling taxpayer supported personal slush fund, triggering a debt accumulation of more than $8 trillion per year.

Entitlement programs? 

Did military spending have anything to do with the number of our liabilities? How about black budget military spending, which is a number that no one knows, estimated to have reached the trillions a decade ago? How has tax evasion via the Carribean countries influenced the balance of that supposedly sacred number, the ever-so-important national debt?

I don't like Austrian economists. I don't like libertarianism, and mostly because I don't like the meme that "We exercise free market discipline and there is no free lunch. Debts have to be repaid and public debt has consequences, resulting in catastrophic hyperinflation every time." Printing money to invest in social capital is legit, in my view. I don't think bleeding the welfare state of its 3-4 trillion annual output is going to be the cash cow you're looking for. What would we even do with that "money" (or the absence of that debt), after all the consequences of slashing these programs had arrived? Our cities would be on fire, our police would be containing an internal war, costs could reach a billion by the one month mark, assuming life in major cities was disrupted. 

The purpose of money is not to balance a goddamn budget, nor is to maintain an abstract version of fiscal discipline, just so that foreign investors will continue to have faith in the buying power of our currency. Reducing all of our socioeconomic problems to a matter of currency supply and relative value is sheer madness. Printing money has kept an otherwise dead system thriving or at worst surviving -- for 50 years now. As Richard Duncan said, its basically created the world we know. If anybody believes that public debt and money issuance is the central issue here, I beg to differ. Private debt is the macroeconomic cause of slowdown; the capture of government by financial interests is the larger reason why all the "free money" in the world never gets put to any social good. If the free money that has been created, had been used for social purposes (in the form of a basic income for example), over 10 years, we would have seen a renaissance the likes of which are difficult to imagine.

Universal Basic Income

 

Fri, 04/10/2015 - 22:04 | 5981134 r00t61
r00t61's picture

I don't like Social Crediters.  I don't like Fabian statists, and mostly because I don't like the meme that "The only thing needed for humanity to flourish in a new social renaissance is a totally controlled and closed wealth redistribution system managed by some well-meaning useful idiots."

The purpose of money is to serve as a store of labor, an accounting mechanism, and medium of exchange.  Entrusting its creation, management, supply, and distribution to government/bankster hacks, and attaching the word "social" to it to make it sound nice and velvety soft only proves the Orwellian doublespeak oozing from your lips.

Fri, 04/10/2015 - 22:29 | 5981175 Boris D Blade
Boris D Blade's picture

fUCK off, parasite

Sat, 04/11/2015 - 01:32 | 5981423 Oldwood
Oldwood's picture

There is a moral consequence to anything free. It is a poison which like so many others seems harmless in measure quantities, even pleasurable in some cases. Unfortunately with all moral consequences it is the fact they are almost all highly addictive in nature and ultimately destructive in effect. 

We are humans, not programmable computers. Yes we can be manipulated with some success, but seldom absolutely. We are still animals at heart which leads me to the same thought each time. They post signs to not feed the bears, not because we hate them, not because our food rots their teeth, but because we don't want them dependent, with knowledge that this dependency destroys the bear's ability to survive in its natural habitat, but also because those same dependent bears can become violent towards their benefactors.

I believe in charity but not the forcible and unaccountable kind our government practices. The dollar cost is severe, but the moral costs to society are far more important. A dependent people willing to support about any tyrant to maintain their pellet of entitlement will destroy us all.

Fri, 04/10/2015 - 21:41 | 5981091 Jack Burton
Jack Burton's picture

Solvent governments do not need to monetize their own debt obligations with a printing press.

Yes, but we do! QE is a fancy name for good old fashioned Monetization of Government debt. The US Government spend twice as much every year than they have tax revenues and other income sources to cover. So we have sold bond at home and abroad for years to make up the difference. But by 2008, the world and domestic buyers wer running out of demand for treasury bills. This meant the Government could no longer spend twice as much as it took in. So along comes QE, and all QE was was money printing and the central bank buying our own debt. Denninger has long called it a cricle jerk, and that is what it is. Not enough real demand for US Debt, means our central bank ALONE can soak up all the debt we need to issue.

The vast American Police State, Military Industrial Complex and huge Social Welfare apparatus eats up 2 dollars for every 1 dollar the government taxes in revenue. So for over 6 years now we have given our central bank the right to print money and buy US treasury bills, making the USG solvent.

During this time we have had no checks on government spending. None at all, the government has gone wild spending trillions on wars and military expansions across the globe. We dropped 1 trillion in Iraq, the Fed printed 1 trillion, and bought up the T-Bill issued to fund the Iraq war. Just ONE example. We are not setting of Inflation because the real economy is in collapse. With wages falling, benefits being eliminated, standards of living falling and investment in infrastructure is at a stand still. No inflation when 90% of the nation is in economic recession. The only inflation is in equities and housing, where the QE liquidity finds a home, as less than 1% get the ZIRP billions.

Sat, 04/11/2015 - 08:48 | 5981673 withglee
withglee's picture

Jack Burton: Yes, but we do! QE is a fancy name for good old fashioned Monetization of Government debt.

And monetization of debt is counterfeiting,.

Fri, 04/10/2015 - 21:58 | 5981126 Magooo
Magooo's picture

Bark and grass.  Bark and grass.  Get ready to eat ... bark and grass.

Fri, 04/10/2015 - 22:10 | 5981133 Otto Zitte
Otto Zitte's picture

Yup, OK. One channel, one signal, one position.

Perhaps its time to have a balanced debate. A real debate, by the book. You know the traditional rules of debate, don't you? They are the lost rules of the courtroom. Position. Counterposition. A refutes B. B rebuts. A refutes B's rebuttal. B concludes. You decide. Unlike the court, in debate class we (who took debate) then argued the counter positions on the same topic. Just like chess.

As this is the internet and the limitations of time and space are suspended, it is possible for us to consider multiple counterpositions instead of just one. I wouldn't try to start with more than 2 counterpositions, such as A "Reg presents his case, with aggregate data" and B1 "a Mises scholar takes a position behind Brandon, and slowly unzips his pants", and B2 "a lefty takes a position and tightly straps on her oar". WB7 can satirize the spectacle...

By 2 to the N this produces 8 positions. Don't mind that, the subsequent rebuttals are going to get absolutely stupid. After all, this is a blog, an open forum, and people are fucking stupid. Most of the time 3 of 4 positions will self destruct. But, not every reader will think the same positions bombed: Each member of the audience must pick 1.

We can vote and rate on a Wordpress blog, can't we?

Sat, 04/11/2015 - 08:29 | 5981661 withglee
withglee's picture

Otto Zitte: It would be good if these issues could be resolved by debate. While debate, by its very design, reaches a conclusion, there is no assurance that that conclusion is in any way valid.

Take our Supreme Court that receives all the undecidable cases that fall through our Federal Government objection sieve. A decision by a single individual at that level can set the conclusion. That's just ridiculous.

When issues can't be clearly decided, they should not be decided at all.

People should be left to their own resources to deal with it.

Fri, 04/10/2015 - 22:11 | 5981145 Fluxite
Fluxite's picture

jeez - not even a graph to back up the words.

 

Tim Wood has it pegged right:

 

http://talkdigitalnetwork.com/2015/04/emotion-not-economy-driving-equities/

 

 

Fri, 04/10/2015 - 22:28 | 5981172 Rimon
Rimon's picture

This guy is hilarious.. With all the "foaming at the mouth" in this article one would think that he might at least know what he is talking about but upon closer examination one would find thatassumption very wrong..

Fri, 04/10/2015 - 22:37 | 5981189 Vincent.Vega
Vincent.Vega's picture

You say "implodes" like it's a bad thing.

First, draconian systems like Capitalsim are created, then people have no way of living in them, and start killing themselves with toxins like nicotine, caffeine, alcohol, and other legalized and "illegal" drugs, and now they have to feel pity. Well, the sooner, the better. At least our kids will have a chance that way.

Having a mathematical and engineering education, I've always been terrified by the fucked up thinking style of "ecohenomists" -- these creatures can't derive a fucking formula, but yet run the show.

Sat, 04/11/2015 - 01:45 | 5981439 Oldwood
Oldwood's picture

You are funny! 

We are not suffering under capitalism, we are suffering under the tyrants response to capitalism.

While I'm all for a good understanding of math and systems, we are humans, not calculators or computers. Financialization is transforming society by adapting our value systems to see everything in dollars, our very lives even...we buy life insurance to attempt to establish our financial value to others.

As far as killing ourselves, yes our value systems tend to drive us that way but people live far longer and healthier lives than a hundred years ago. People actually worked themselves into an early grave rather than smoked or doped themselves there like today. Life was more precious I think but also value was placed less on duration and more as some sense of quality or meaning. Today, the primarily "value system" we enjoy is one of purchase and consumption rather than accomplishment and contentment. 

Sat, 04/11/2015 - 08:23 | 5981656 withglee
withglee's picture

While I'm all for a good understanding of math and systems, we are humans, not calculators or computers.

Observing people comparing prices in grocery and department stores, you could have fooled me.

Sat, 04/11/2015 - 08:20 | 5981654 withglee
withglee's picture

Vincent.vega: You nail it!

Fri, 04/10/2015 - 22:49 | 5981226 Mr. Bystander
Mr. Bystander's picture

Can't take this guy seriously. Mass enslavement?  Are you kidding me? I love hearing people who believe a nazi-style takeover of America is possible in today's world. I also get amusement from hearing people who believe in the movie fairytale storyline that the world is controlled and choreographed perfectly by some mysterious group of wealthy and well connected "elites" with their evil master plan of world domination. Wake up, turn off star wars, and take a walk around your fucking local community. That's where real life happens. And you know what's conspicuously missing from it? All the brain dead zombies you talk about with no awareness or concern for world events. Enough of the regurgitated sound bytes from every other doomer blog. You don't operate any differently than the MSM in that regard so chastising them only makes you more a part of it perpetuating unoriginal ideas to explain the unknowable. Maybe try writing something to inspire the masses you try to show concern for. Maybe try writing something that goes against the idea that these masterful elites are winning. Because when you admit that point then you've already allowed them to win the thought war against you and all you do is look more like a helpless victim in retreat, waving your white flag as you run away into the hills and shit your pants.

Fri, 04/10/2015 - 23:15 | 5981286 daveO
daveO's picture

My dad was 'enslaved' to fight and/or die in a local war in Vietnam.  My grandad was 'enslaved' to fight and/or die in a local war in Europe and the Pacific. The Fed's attempted to 'enslave' his uncle to fight and/or die in the other localized war in Europe. He dodged the draft until the war ended(which took effect at eleven o'clock in the morning—the "eleventh hour of the eleventh day of the eleventh month" of 1918., they love the numbers). The conspiracy is 100 years old, to date. The Nazi style takeover occurred long before we were born. 

Sat, 04/11/2015 - 06:56 | 5981583 mvsjcl
mvsjcl's picture

Sticking your fingers in your ears and screaming "Lalalalalalalala..." at the top of your voice is no plan for defeating this insidious enemy we are faced with today.

Fri, 04/10/2015 - 23:06 | 5981271 Bumbu Sauce
Bumbu Sauce's picture

Real Economy?  Is that you Hitlery?

This place is loz central.

Fri, 04/10/2015 - 23:30 | 5981303 dexter_morgan
dexter_morgan's picture

So lets Audit the Fed..........LOL

The Fed doesn't need to be audited it needs to be ENDED.

The Fed has been unbelievably successful in achieving their true goals. Those goals are not their stated goals which were just bullshit used to push the creature from Jekyll Island on the American public.

Sat, 04/11/2015 - 07:38 | 5981613 yogibear
yogibear's picture

The Federal Reserve just keeps pushing the ballistic spending going forward.

Treasury issues debt, Federal Reserve buys it, Treasury pays interest to the Fed. At the end of the year the Fed pays back the interest and profits to the treasury. The Fed holds the debt

A process of making debt disappear.

 

Sat, 04/11/2015 - 00:40 | 5981381 Incubus
Incubus's picture

lol at you pot-bellied armchair commandos that think you're going to take on a global entity that's been running things for thousands of years.

 

can fight it all you want.  You and I are no different from the cattle out in the field, or the chickens in the cages. 

livestock.

 

We lack the basic intelligence, or discipline to resist this movement.  What's required is, essentially the re-creation of the united states of america with additional checks to prevent the subversion of rights from the people.(I.E. no fractional reserve merrymaking)

it's all fantasy at this point.

 

we're more likely to be hung upside-down with our throats cut like dem chikinz

Sat, 04/11/2015 - 05:26 | 5981527 NuYawkFrankie
NuYawkFrankie's picture

Yep... guess you must be right. 

 

Since only a random piece of falling "broken metal" - like the one that took out the DC power grid this week -  has the ability to inflict some damage.

And targetted, non-random metal projectiles - no matter how high-velocity or explosive - have no such magical ability.

Sat, 04/11/2015 - 00:50 | 5981384 Kprime
Kprime's picture

State of Louisiana out to Band The Use of Cash

http://www.silverdoctors.com/louisiana-bans-cash-transactions-on-used-go...

LA House Bill 195 updates the original bill passed in 2011:

Every person in this state engaged in the business of buying, selling, trading in, or otherwise acquiring or disposing of junk or used or secondhand property, including but not limited to jewelry, silverware, diamonds, precious metals, ferrous materials, catalytic converters, auto hulks, copper, copper wire, copper alloy,  bronze, zinc, aluminum other than in the form of cans, stainless steel, nickel alloys, or brass, whether in the form of bars, cable, ingots, rods, tubing, wire, wire scraps, 10 clamps or connectors, railroad track materials, water utility materials, furniture, pictures, objects of art, clothing, mechanic’s tools, carpenter’s tools, automobile hubcaps, automotive batteries, automotive sound equipment such as radios, CB radios, stereos, speakers, cassettes, compact disc players, and similar automotive audio supplies, used building components, and items defined as cemetery artifacts  is a secondhand dealer.

Anyone, other than a nonprofit entity, who buys,sells, trades in, or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a nonprofit entity, shall be deemed as being engaged in the business of a secondhand dealer.

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller.  All payments made by check, electronic transfers, or money order shall be reported 16 separately in the daily reports required by R.S. 37:1866

Sat, 04/11/2015 - 07:16 | 5981598 g'kar
g&#039;kar's picture

Bobby Jindal (R) LA signed this to protect the chidren and the other yoots from those evil flea markets, swap meets and garage sales.

Sat, 04/11/2015 - 08:15 | 5981649 withglee
withglee's picture

Kprime: Trying to outlaw the underground economy when it has grown large due to corruption of the above ground economy.

Sat, 04/11/2015 - 08:22 | 5981655 overmedicatedun...
overmedicatedundersexed's picture

eyes wide open:

"The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all."

Sat, 04/11/2015 - 00:54 | 5981392 Shitgum Suicide
Shitgum Suicide's picture

The way his article is written the seems to suggest we aren't economic slaves already.

Coulda fooled me.

Sat, 04/11/2015 - 00:56 | 5981394 q99x2
q99x2's picture

"Now our nation"

The US doesn't have a government so there is no nation. And the nation you don't have isn't yours.

Sat, 04/11/2015 - 08:11 | 5981645 withglee
withglee's picture

q99x2:

"Now our nation"

The US doesn't have a government so there is no nation. And the nation you don't have isn't yours.

As evidenced by WTC7 falling down and our governments "reaction?" to it.

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