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11 Red Flags As We Enter The Pivotal Month Of August 2015
Submitted by Michael Snyder via The Economic Collapse blog,
Are you ready for what is coming in August? All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal. In July, we saw things start to turn. As you will read about below, a major six year trendline for the S&P 500 was finally broken this month, Chinese stocks crashed, commodities crashed, and debt problems started erupting all over the planet. I fully expect that this next month (August) will be a month of transition as we enter an extremely chaotic time in the fall and winter.
Things are unfolding in textbook fashion for another major global financial crisis in the months ahead, and yet most people refuse to see what is happening. In their blind optimism, they want to believe that things will somehow be different this time. Well, the coming months will definitely reveal who was right and who was wrong. The following are 11 red flag events that just happened as we enter the pivotal month of August 2015…
#1 Puerto Rico is going to default on a 58 million dollar debt payment that is due on Saturday. Even though this has serious implications for the U.S. financial system, Barack Obama has said that there will be no bailout for “America’s Greece”.
#2 As James Bailey has pointed out, the most important trendline for the S&P 500 has finally been broken after holding up for six years. This is a critical technical signal that will likely motivate a significant number of investors to sell off their holdings in the weeks ahead.
#3 The IMF is indicating that it will not take part in the new Greek debt deal. As a result, the whole thing may completely fall apart…
Leaked minutes of the fund’s latest board meeting, which took place on Wednesday, showed staff “cannot reach agreement at this stage” on whether to take part in the new €86bn (£60bn) bailout for Greece. The document said there were doubts over the capacity of the Athens Government to implement economic reforms, as well as the over the sustainability of the country’s sovereign debt pile, which is now projected to hit 200 percent of GDP.
The German Chancellor, Angela Merkel, only sanctioned a new Greek deal earlier this month on the condition that the IMF takes part.
#4 Italy is going down the exact same path as Greece, but Italy is going to be a much larger problem for Europe because it has a far, far larger economy. This week, we learned that youth unemployment in Italy has reached a 38-year high of 44 percent, and Italy’s debt to GDP ratio has now hit 135 percent.
#5 The Canadian economy has officially entered a new recession. This is something that was not supposed to happen.
#6 The price of oil plummeted close to 20 percent during the month of July. It was the worst month for the price of oil that we have seen since October 2008, which just happened to be during the height of the last financial crisis.
#7 Commodities just had their worst month in almost four years. As I have written about previously, we witnessed a collapse in commodity prices just before the stock market crash of 2008 too.
#8 Thanks to Barack Obama, the U.S. coal industry is imploding, and some of the largest coal producers in the entire country have just announced that they are declaring bankruptcy…
On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.
Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.
#9 For the month of July, the Shanghai Composite Index was down 13.4 percent. Despite unprecedented government intervention to prop up the market, it was the worst month for Chinese stocks since October 2009.
#10 A major red flag that a recession in the United States is fast approaching is the fact that Exxon Mobile just announced their worst earnings for a single quarter since 2009. Compared to the same time period one year ago, Exxon Mobile’s earnings were down 51 percent.
#11 Chevron is another oil giant that has seen earnings plunge. In the second quarter of this year, Chevron’s earnings were down an eye-popping 90 percent from a year ago.
And in this list I didn’t even mention the economic chaos that is happening down in South America. For full coverage of that, please see my previous article entitled “The South American Financial Crisis Of 2015“.
To a certain extent, I can understand why most Americans are not alarmed about the months ahead. The relative stability of the past several years has lulled most of us into a false sense of security, and the mainstream media is assuring everyone that everything is going to be just fine and that brighter days are ahead. At this point, many believe that it is patently absurd to suggest that we could see an economic collapse in 2015. But of course even though the signs were glaringly apparent, very few of us anticipated the financial crisis of 2008 either.
A few weeks ago, I authored a piece entitled “The Last Days Of ‘Normal Life’ In America“, and I stand by every single word of that article. I truly believe that the era of debt-fueled prosperity that we have been enjoying for so long is coming to an end, and our standard of living will never again get back to this level.
Just yesterday, I had the chance to go over and stock up on some emergency supplies at a dollar store. It always astounds me what you can still buy for a dollar. The combined cost of raw materials, manufacturing, packaging, shipping and retailing most of these items shouldn’t be less than a dollar, but thanks to having the reserve currency of the world we are still able to go to these big box stores and fill up our carts with lots and lots of extremely inexpensive merchandise.
Unfortunately, this massively inflated standard of living is going to come crashing to a halt. This next financial crisis is going to destroy the system that is currently producing such comfortable lifestyles for the vast majority of us, and that will be an extremely painful experience.
So enjoy this summer for as long as it lasts. Even though August threatens to be pivotal, it is going to be nothing compared to what will follow.
Fall and winter are coming.
Prepare while there is still time to do so.
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Have no doubt, when the house of cards comes crashing down it will be because of a false flag event and not the Ponzi Scheme unraveling.
But. but. but, Obumbo said everything is awesome again... no?
sarc off//
He'll tell you for sure in his third term............executive disorder.
michael snyder needs to rename himself "the count" (from sesame street)
Waiter, check please.
Could I get a go-box for that?
@ TBV :
i see your point, i mainly agree with you.
but what size of the false flag can be to be the tree hiding the forest...???
If, like myself, you find Michael Snyder's economic alarmism to be quite repetitive and entirely recycled from other writers who actually understand what they are writing about, then feel free to check out his non-financial wisdom:
http://whatdoesthebiblesayabout.com/archives/what-do-we-believe-our-stat...
We believe that a final judgment will take place for all those who have rejected Christ. They will be judged for their sin and cast into the lake of fire.
We believe and look forward to a new heaven and a new earth that God will create. We will live and dwell with Him there forever following the millennial reign of Jesus on Earth.
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http://thetruthwins.com/archives/massive-dinosaur-soft-tissue-discovery-...
Snyder knows the Earth is only 5000 years old, betcha you didn't know that.
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http://thetruthwins.com/archives/does-a-belief-in-evolution-lead-to-racism
Do you believe in evolution? If so, das racist.
Also - http://thetruthwins.com/archives/44-reasons-why-evolution-is-just-a-fair...
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Evolution, nooooo. Angels, duh!
http://thetruthwins.com/archives/is-this-a-photo-of-a-real-angel-at-a-ch...
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Michael cares a lot about gay sex...
http://whatdoesthebiblesayabout.com/archives/what-does-the-bible-say-abo...
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We are truly blessed here at zerohedge that our anonymous editors are publishing the macroeconomic analysis of such a wise, stable and well rounded individual.
Tylers of zerohedge- just a bunch of wallstreet fags ostensibly seeking to 'tear the system down' but too scared to risk getting fired from their cushy jobs at the banks they whine about incessantly.
Banking faggots people, that's all these tyler bitches are, probably crying coz they missed their chance at the c suite, these guys aren't subversive, they are cowardly, greedy little bankers. Unsuccessful ones at that so they come here and provide excuses as to why they are shit traders.
Fuck this clickbait site, bunch of old rebpublican fags playing subversive, real cute pic of brad pitt you fags, couldn't find one with his shirt on?
free shit plz: Thanks for those links! Now I see what this Michael guy really is.
PS: Ever see some glare in a photo of a brightly lit stage? It's an Angel!! That's proof! I believe!!!
Snyder pays zerohedge to publish his lists so he can increase advertising revenue on his numerous clone sites, which are basically billboards for prepper ads/bullion sales. A slick money grab is all he is interested in.
I'm providing the links whenever I see a story of his published here, hope you will too.
And if that glare wasn't an angel then jesus didn't ride into jerusalem atop a brontysaurus!
Anytime someone uses the Bible as a source, I disregard whatever theyre saying. When I was 5 those Bible stories were believeable.. I guess some people never grow out of that phase.
Free shit plz would fail to qualify for any new Earth because of his hateful emotions and related foul language.
BTW, the Earth and its various humanoid civilisations goes back hundreds of thousands of years.
Well then Lad lucky am I that the creationist Snyder's genocidal delusions are just those, delusions.
not only is crotch rot irritating it can be dangerous. you better get bama to suck your dick and powder your behind before it gets any worse.
Exxon "Mobile"? Twice? Move on
No, he's simply the "Fall Guy" they blame for what's coming, that was always the Zio plan.
Doesn't matter who is pulling strings or not. He's the man in the hot seat. And shit ain't gotten any better by any metric except hot air, phantoms, lies and dust-balls.
Todjall this was gonna happen before he was elected.
at least we all have free health care now.
All commie agitators lie, all the time. It's all they've got.
mr tbagger vance sir, are said events necessarily mutually exclusive?
Bama, They are mutually necessary at this point. The US sucks at false flags now, and would precipitate an unraveling. An unraveling would bring a sloppy false flag about. They will happen together.
Plàgue of frogs gets my vote.
uuuuummmmm, frog legs
You need to correct your sentence to read, 'The house of cards comes crashing down starting with a false flag that was launched due to the unraveling of the ponze scheme.'
Dude....it's popcorn time !!!
is it By by miss american pie or buy buy miss american pie?
Soon grasshopper, we shall know, soon.
its BYE, BYE you dope.....
Say, I think I met your brother the other day, Event Horizon?
BI BI ?!
Bibi Ms. American Pie,
Israel is our brother and never will die,
there seems to be an echo in here
there seems to be an echo in here
its BYE, BYE you dope.....
And just wait until September, or at least the Fall, when the FedRes, against expectations, raises the interest rates, the first step in the coming change over of the dollar to SDRs.
Zion is departing the plundered shell of their American colony, and setting up shop once again in Europe. However, they desire to maintain the flow of plunder to them even after the dollar collapses, so they are engineering a controlled dollar collapse with the goal to switch out the dollar for the SDR--the raising of interest rates will be the first step in their process. And there is coming one more plundering and murdering false-flag and related military engagement; probably involving Iran.
The dollar is up on "exit."
Liberty is a demand. Tyranny is submission..
The American country is the refrigerators in this video: https://youtu.be/0Kvw2BPKjz0?t=58
Occam's razor to the rescue.
What Amount will flee the USA? Rounded in Trillions?
The financial position of the United States as of Q4 2012 included household and not-for-profit net worth of $66.07 trillion, [1] non-financial corporate business net worth of $17.59 trillion[2] and non-financial non-corporate business net worth of $8.06 trillion, for a total of $91.72 trillion.[3]
If that is the Financial Worth of the USA and there are known Foreign Holdings of $32 Trillion, then what is the likely amount of USD to be Capital Flight??
https://en.wikipedia.org/wiki/Financial_position_of_the_United_States
All I can guess is like $20 Trillion would be Capital Flight, but that would shut down the economy.(I have no expertise here)
http://www.bea.gov/newsreleases/international/intinv/iip_glance.htm (2013-2014: $26 Trillion foreign owned Property in the US compared to $22 for US) (2015: $32 Trillion Foreign Owned Property in the USA, and $24 Trillion US owned Property in foreign countries)
#12 - The un-fed and all central banks around the globe will continue to print and pump. Zero rates here to stay.
No matter how many holes in the dyke they will keep producing fingers.
So when this bitch does blow and it will not be soon enough... Put on a welders helmet cause it gonna blow big and bright!
that guy was right, zerohedge is a sorry bunch of negative folks!!!
:-D
Beside, I doubt we are going to see a collapse of any kind, simply because if the powers that be can blame it on something else, they will. So I expect a big war covering up for all the problems. Wars demand sacrifices, what best can be used as a scape goat?
;-)
War is already here (and around for a while). But they will escalate this - both in the Mideast and on the American people.
If you are not plugged into the underground economy, now is the time to make its accuaintence.
lets see, the iran treaty, the UN palestinian nationhood vote.
BOTH these are deadly to isreal, plus the old head of mossad said -oh heck we should not care about the iran deal.- which to me, is a lie and a sign that they dont want anyone expecting their attack so it can be a surprise.
Another war is always a possibilty. Who will it be with this time?
We have about run through the gamut!
"So I expect a big war covering up for all the problems. Wars demand sacrifices, what best can be used as a scape goat?"
Imho, it is very likely that by November 2015, a war against Transnistria (Ukraine, Moldova and possibly Romania being the agressors) and by extension against Russia will have started. The question is what U.S./NATO are going to do about it. Will it be a bluff like during Georgia's aggression against South Ossetia in 2008 or start of WW3? Btw, August 7, 2015 will be the 7th anniversary of that event.
Dragonwings Meme:
States that people are negative for predicting market crash...
Predicts world war three as a cover for said market crash.
well, I read zerohedge, so I am part o the bunch I guess... I never thought of taking myself out.
:-)
Yes, we are indeed living a constant state of war, yet those wars are business as usual, and do not have the critical mass sufficient to trigger the "hide all problems and blame somebody else" effect. I think anybody in a realistic and disenchanted state of mind can see that our system is not sustainable. Only fairy tales believers could embrace the "everything s awesome" theme. Yet I would not expect to get away with just a boom and bust cycle this time. I doubt it will happen. In 2000 we were so close to a real conflagration of the economy and a serious melt down started to happen, but then came 2001... and all was set aside. I do not think the 2008 meltdown was as dangerous as the 2000, maybe because the merge of public and private affairs was much deeper than in 2000 and bailout could be brought forward without anybody objecting... as it happened. In any case, they will need a bigger war mass this time to make it believable as bailout are no more a viable option.
Even if I sound negative, I am actually very positive... I still (positively) hope that I am wrong...
;-)
I can't say I agree with this perspective. If the Western powers were able to start war they would have gone to war with Iran in 2006 when Blair et al. were sounding the drums.
I do not believe the negative factions within the Western powers are the ones calling the shots and I in my understanding the truth behind our current governments is a mix of extremely powerful interlocking groups, some with positive agendas some not so, and all aware of various space program and ET agendas.
How else would we have paedophiles investigations. Hillary Clinton in trouble. Forex rigging. Libor. Chilcot. Etc.
hmmm, algebraically could we simplify that to "people are negative for predicting WW3"?
you realize on a number line the Negative numbers look exactly like the Positive numbers?
Welcome to the new recession , same as the old recession. :P
The 2008 implosion was engineered to make sure that American parasitism, and the Ponzi Casino Capitalist system, as well as, Wall Street in it's entirety, was destroyed outright, along with the superstructure that supports it. Snyder is pretty well bang on except for the point #5 that the Canadian economy was not supposed to enter recession. Frankly, CANADA is in an economic depression that is well beyond a recession, but we are in an election year and the Steven Harper Government of CANADA has been massaging the books in an extreme manner for the last seven years. Harper is a complete control freak, and is willing to extend & pretend, as well as lie outright if that will attain the yield he is after. Harper is an Economist that exerts complete control over the Department of Finance, many think tanks, and resident Economists at both universities in Ottawa. Harper will lie and cheat to stay in power because he has absolute power to dictate what is said in media, and what comes out of government.
In sum, Snyder is correct on all points except #5.
#8
It's a sign there are more people than not that don't want dirty air and toxic shit floating around.
#'s 10/11
The oil people are the only ones losing, everyone else couldn't care less. They have been ripping us off for years.
Yup, and in 2008 the damage was contained to the mortgage industry, and in 2000, only dot-com companies. But this time it's different.
You do know who makes out like a bandit with the sale of every gallon of gas, don't you?
gooberment
About damn time for it to happen, and hang the banksters this go 'round.
#2, it hasn't broken the trendline yet, it only did because you chose to leave out one point and choose the ones that show it broke the line.
Take your positions, everyone. Smiles, everyone, smiles.
This dude is serious? If you buy this "its going to happen in fall/winter 2015 package" then better go to his web site, conveniently named "http://endoftheamericandream.com" a spend all your money on survival gear and material. You may even find a parcel of land in Canda's frozen north to ride this out.
The fed will do everything it can to keep stocks propped up. They equate stocks doing well with a growing economy. It's the only thing they have going.
NY Fed head, Willian Dudley, is the mastermind in stock market manipulation along with his buddies at Goldman
I Bet NATO, US State Department, EC, EU, Neocons, UK Chatham House, Australian Institute of International Affairs (AIIA), Canadian International Council (CIC), German Council on Foreign Relations, ... US Council on Foreign Relations, US Federal Reserve, TBTJ...
I bet they are burning up the phone lines.
Congress will be working harder at home this summer vacation.
"Congress will be working harder....". LMFAO......thats a good one.
Nothing is going to happen. R-E-L-A-X
http://www.bauer.uh.edu/centers/irf/houston-updates.php
Summa 'o Rekovery!
Good thing American patriots are swimming in guns and ammo.
When push comes to shove nobody can stand up against the largest army on earth. I pity any foreign or domestic mercenary fighting force that wants to give the American people a go.
Interesting. On what grounds do you deem the American people united enough to pose a threat to anyone other than themselves?
But since the fall disaster is fairly obvious, that means the predators-that-be have prepared some "special responses". Want to guess what they are? Post your guesses below.
Internment and Resettlement?
http://info.publicintelligence.net/USArmy-InternmentResettlement.pdf
Bail ins.
Emergency measures to support the welfare clientele.
Interruption of the internet with targeted shut downs of pre-identified dissidents.
Unusual call ups of National Guard units for vague, pointless federal disaster mobilization.
The predators-that-be in the USSA clearly jiggered the laws recently so the banksters are already authorized to enact bail-ins.
However, the predators-that-be in the USSA tend to be more... indirect... in their abuses. So I figure more likely they'll forcibly convert deposits of dollars into US bonds that can't be redeemed for years (or only in drips and drabs). Those bonds would become worthless over time, so the effect would be the same (to the depositors).
The other two seem likely, depending on how well mainstream media can mask consequences of the collapse to the masses.
We have to have a prerequisite comment about World Currency, World Religion, World Government, World Bonds, World Surveillance, World ID Cards, World Credit Reports, World Banking, Financial, Employment, Criminal, Personal Records for each baby who survived more than 24 hours.
The no brainer is World Currency.
This could be a total about face on war, and a total face to World Government & World Currency.
In this Case, your physical Assets would be set in stone as Governments seized assets and resources and even utilities & ports for trade as National Assets.
- It might happen
- Just a thought that PM Might come into play either with a pay off or make citizens "winners"
Think like a Banker, since that pretty much represents NATO and the US & EU.
- War, Regional Escalation, Release of $100 Immediately, Not Small, more like an Iraqi War Size
- Calculation of How to get EU, US, Canada, Australia, NZ, into World War... They will want to provoke all big players into, but some may be too smart
But what are the Big Financial Pieces, Sovereign Bonds, Currency Wars, Sanctions, Energy/Oil Logistics, Cyber Warfare, New Weapons and Space based Weapons, Technology Race, Protectionism, Sea Routes Protection of Trade, Social Unrest, Control of Social Movements in Foreign Countries, Infrastructure of Police State...
- War
- Financial Crisis
- Currency Crisis
- Collapse of Infrastructure, Cyber Warfare, Banking System
But Possibly TPTB will just continue to Foreclose on Greece, PIIGS, Porto Rico, Detroit, Chicago, other US Cities and State Governments.
Banks can Tighten Money, call in debt, foreclose, then crash the markets, then foreclose again, then you end up in World War like 1939. Question is are we in the 1915 era, 1920s era, or 1933 era where National Government tried to force easy money on banks??
My guess would be a period of Foreclosures... but the pain in markets will cause layoffs and this will require war of some kind. Banks will have big responsibility, but will be hidden behind US Government(not like WWII). US Banking is as secretive as Swiss Banking, Looting of the USA & Taxpayer will get worse for 10 years.
What you say reminds me of something I've been wondering for awhile. When will the predators-that-be simply stop pandering to voters?
You know they'd all be totally happy to cut off all social spending and let millions of useless eaters die. The only reason they don't now is because they still think they need to get elected.
But... how long with that last?
Election cancelled due to the collapse [and martial law]? Or something similar?
Many will say they have passed all the laws they need to be on a war-footing today. Presidents seem to think they can do anything they want with Executive Orders or other documents. But there must be limits to presidential powers.
Of course if the people disagree with a Vietnam Type War, they can make their feelings known, seen, felt, and perhaps even call for an Article V Convention.
When will the public face of politicians turn from voters?
They did in 2008, but under the cover of various crisis' and devices.
When is during some Crisis or Collapse or Run-up to Major War.
I'd guess that the Iraqi war is a recent Example of what you are asking.
But note they pretended that the Iraqi was was going to be a scuffle that would only cost $80 Billion and 6 months or something like that. Iraqi war was a major war in terms of Human Costs, USD, and other measures.
I just can't be sure that November will be a Collapse or that 2015-2016 will be the collapse. I may have called a Recession in 2012 or 2013 for instance, but few agreed with me. I'm not sure I see the weakness being just one sector like households. I don't have enough experience with State & Muni Budgets to say Banks would push for Reform and cause a Sovereign Debt Crisis. Like Dominoes one sector will drive a collapse in the other sectors. Credit may collapse. Liquidity would seem to collapse as Banks enter Weak Markets or are hit by a wave of failures.
I have to agree with Martin Armstrong since I'm not experienced... it will be Sovereign Bonds and the Bond Market that tells us we are in the big one. But will it be failures from an Interest Rate Rise or will it be from failures of sovereign debt?
The Finance Spider Web spun around the world can be buffered for at least 30 days and maybe a full year or two if contained in Wall Street. October 2005 was the top of the Housing Bubble, so trouble was known in 2006.
2008 was a picked Date for the Financial Crisis and the plan was already prepared and in Henry Paulson's hot little hands.
Everyone is happy kicking the PIIGS Problems down the road, but the Take-Over of the EU doesn't move forward without the financial war taking out more than one PIIGS. BUT some group must have a plan to skate through the PIIGS Crisis...
I'm a little slow but the Corporations are going to be the winners and they own the Political Power. If they can force Medium sized Banks to bear the burden and get them taken out by the big guys so much the better.
If European & US Wall Street agree on the Plan to take out the PIIGS, then USA must also have Victims like Detroit, Chicago, California, Porto Rico.
Coordinated Attacks. US Presidential Election in 2016.
My prediction for When: Before February 2017.
Bank holidays?
mbia is a major financial institution? puerto rico is going to cause teotwawki? you must be joking. planet, schmanet, janet. [/frank n furter]
Energy signals a major downturn. Financial crisis have yet to drag the EU, Canada, Australia and others into the abyss. Give it time, the downturn will be major. Money Printing will be unable to save the day this time.
All symptoms of 4 years of global macro down-trending going negative, slow in = slow out.
No V shape, or SQR RT shape, this time.
Look on the bright side, one month closer to a total systemic breakdown.
Experience keeps a dear school but a fool will learn in no other.
B. Franklin.
It is those morons with their heads up their asses that I am worried about. If everyone in the boat knew about the iceberg things would be rather smooth in comparison. I try to put out the word and they look at me like I am a mental case. These idiots are the ones who are going to be burning, looting and commiting all sorts of atrocities. Am I wrong here?
Not if you look at history.
On points #10 and #11 .. I live Houston. I'm witnessing this with my own eyes. I was set to get a job at the new ExxonMobil mega campus in The Woodlands, and suddenly my application is on hold. (also, an application I put in with Amazon in Dec. '14 for a position in Austin, is still "under review." Not rejected, just under review.)
To add to #6:
http://www.veteranstoday.com/2015/01/07/putins-opportunity-to-bust-the-u...
I have a rapport with the authors of the above. This is looking very much likely before end of the year. The more they push Putin, the quicker he will act ..
"...this massively inflated standard of living is going to come crashing to a halt. This next financial crisis is going to destroy the system that is currently producing such comfortable lifestyles for the vast majority of us, and that will be an extremely painful experience."
Can't disagree with this much. Col. Macgregor was stating pretty much same back in '12:
http://www.thedailybell.com/exclusive-interviews/3791/Anthony-Wile-Colon...
We will go through a period of catharsis. This is a given ..
"...our standard of living will never again get back to this level."
Well, there is that saying, that we can never say never. I will challenge this based on a predication. We will suffer collapse. It is a moral imperative. Through our period of catharsis, and that term and duration is dependent on how fast enough of us recognize a solution:
http://www.veteranstoday.com/2015/01/02/wanta-plan-must-be-deployed-now/
Wanta and his trillions are not fantasy. It is for real.
http://eagleonetowanta.com/?page_id=8
Anyone challenging this to the contary put up your proof -- or shut up! You have now been deemed an enemy of We The People .. (and that does include Alex Jones et al)
I was listening to a Libertarian on the radio in the 1990s and ended up at some event and saw and heard David Stockton not knowing who he was.
That might have been 1994.
I can't quote Stockton. But he was saying that we can't go on with the current spending levels and that the budget was being run by some corrupt cabal.
well that was 20 Years ago and the same system is still in place and they have put it on Steroids since G.W.B. Stockton was probably blaming W.J. Clinton as many were back then. Well obviously the "cabal" includes both Democrats and Republicans in a "one party" government.
2007 they planned the Crisis Solution and Bailouts, TARP, LIRP/ZIRP, QE, and take over of FNMA & GNMA. And they Executed the 2008 Crisis and Propaganda. Bingo! TBTJ is 30% Bigger today with less competition on Wall Street and in Europe. Money Trust!!
But the system is 100% still in place with the addition of Savings and Checking Account Deposits!! Plus systemic agreements established for Bail-Ins!!
Q: How the hell did we calm the Banks down in 1933-1945? Maybe they were working on the Marshal Plan, getting war reparations, and setting up a "One Europe"? And later maybe they had Korean War, Spy Agencies, Vietnam War, and then Petro Dollar to keep them busy as they planned the Coups on the Federal Government?
Maybe the Money Trust won in the 19th Century and the 20th Century all along, but they were just distracted.
But if there is a way to defeat the banks, we need to know.
We've been in recession since April!
April, 2001.
Long bandaids. That will help a bayonet wound, right?
Sept 10th.... thats my calculation for the poo to really start seeping from the cracks for all to see
https://m.youtube.com/watch?v=JSUIQgEVDM4
At least I fucking hope so!
So we're heading to recession because of oil companies. Hmm. I guess the fact that ex-energy, S&P earnings will be up 6% has no bearing on this. Or that for ex-energy domestically focused companies, EPS is up 10%.
Or that maybe, employment in the U.S. is mostly a factor of non S&P companies (85%), who benefit from lower commodity prices.
Sometimes, the stuff put up here is really really dumb.
I just renewed my subscription to "The Prepper" magazine...bought some more guns...am learning about growing goats and chickens..my bunker is almost done...no problems here...
I can't submit articles to ZH.
Deleted. I never posted antisemitism here. Do a google search. Psych!
Deleted. I'm probably blacklisted.
But I wrote an Article on Small Business and Regulations in the USA.
Edit: Deleted Psych!
To me with my somewhat patchy financial knowledge. Gold is the fundamentally most important one and considering the stakes I imagine fraudulent gold futures may be in the cards. The other oen of course being the S%P Trend.
I'm not worried, Yellen's hairy puss is on it!
12. Dead lions.
Use of coal in power plants has been superceeded by electricity produced by large turbine engines running on natural gas which power generators. These engines are direct outgrowths of the large turbine engines used on the big transport airplanes and made by the same manufacturers. They are safe and, unlike coal-fired plants, very clean. I think Obama is a disaster generally, but he may be right here. Not to mention the coal companies have pretty much destroyed much of West Virginia, and a good chunk of eastern Tennessee, eastern Kentucky, and southern Ohio. A lot of the strip-mined coal has historically been sent to places like Germany, which has an abundance coal but does not allow the strip-mining to desroy their countryside. Cheaper to buy from the US than deep-mine their own coal.
Germany's Coal is Brown Coal of low Quality.
I heard this was the majority, but I have no data.
Energy is a Utility, but much of it was privatized after being built. I don't know the numbers, but I'm sure a lot of energy production was built after privatization. I look at DOE Budget and it is very low, looks like mostly for subsidies or loans.
Coal Ash is toxic and has ruined expensive housing areas in floods or escape from containment. I think there have been billions of collars in Lawsuits against Coal Power Companies... I could be wrong here. But I could see the Federal Budget funding payoff of lawsuits through Tennessee Valley Authority. Everyone has heard about the need for scrubbers though the USA seems very clean compared to other countries.
If Energy is needed by everyone and is a utility, I don't see why as a national asset the Federal Budget could not save our coal industry with a big effort on solutions.
Coal Energy is being out powered by other Energy Industries.
Total--Tennessee Valley Authority Outlays 2014 = $46.6 Billion
Total--Tennessee Valley Authority Outlays 2013 = $65.8 Billion (what is happening here)
Total--Tennessee Valley Authority Outlays 2011 = $38 Billion
Total--Tennessee Valley Authority Outlays 2009 = $32.7 Billion
Total--Department of Energy Outlays 2014 = $29.14 Billion
Total--Department of Energy Outlays 2013 = $31 Billion
Total--Department of Energy Outlays 2000 = $18.8 Billion
Total--Department of Energy Outlays 1998 = 17 Billion