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Lies You Will Hear As The Economic Collapse Progresses

Tyler Durden's picture




 

Submitted by Brandon Smith via Alt-Market.com,

It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily...

In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used. Consider if you've heard similar quotes to these in the mainstream news over the past couple months:

John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

 

H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

 

Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

 

W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”

 

Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”

Here is the issue – as I have ALWAYS said, economic collapse is not a singular event, it is a process. The global economy has been in the process of collapse since 2008 and it never left that path. Those who were ignorant took government statistics at face value and the manipulated bull market as legitimate and refused to acknowledge the fundamentals. Now, with markets recently suffering one of the greatest freefalls since the 2008/2009 crash, they are witnessing the folly of their assumptions, but that does not mean they will accept them or apologize for them outright. If there is one lesson I have learned well during my time in the Liberty Movement, it is to never underestimate the power of normalcy bias.

There were plenty of “up days” in the markets during the Great Depression, and this kept the false dream of a quick recovery alive for a large percentage of the American population for many years. Expect numerous “stunning stock reversals” as the collapse of our era progresses, but always remember that it is the overall TREND that matters far more than any one positive or negative trading day (unless you open down 1000 points as we did on Monday), and even more important than the trends are the economic fundamentals.

The establishment has made every effort to hide the fundamentals from the public through far reaching misrepresentations of economic stats. However, the days of effective disinformation in terms of the financial system are coming to an end. As investors and the general public begin to absorb the reality that the global economy is indeed witnessing a vast crisis scenario and acknowledges real numbers over fraudulent numbers, the only recourse of central bankers and the governments they control is to convince the public that the crisis they are witnessing is not really a crisis. That is to say, the establishment will attempt to marginalize the collapse signals they can no longer hide as if such signals are of “minimal” importance.

Just as occurred during the onset of the Great Depression, the lies will be legion the closer we come to zero hour. Here are some of the lies you will likely hear as the collapse accelerates...

The Crisis Was Caused By Chinese Contagion

The hypocrisy inherent in this lie is truly astounding, to say the least, considering it is now being uttered by the same mainstream dirtbags who only months ago were claiming that China's financial turmoil and stock market upset were inconsequential and would have “little to no effect” on Western markets.

I specifically recall these hilarious quotes from Barbara Rockefeller in July:

Something else that doesn’t matter much is the Chinese equity meltdown—again. China may be big and powerful, but it lacks a retail base and fund managers experienced in price variations, never mind a true rout...”

 

Doom-and-gloom types have been saying for a long time that we will get a stock market rout when the Fed finally does move to raise rates. But as we wrote last week, history doesn’t bear out the thesis, not that you can really count on history when the sample size is one or two data points...”

Yes, that is a bit embarrassing. One or two data points? There have been many central bank interventions in history. When has ANY central bank or any government ever used stimulus to manipulate markets through fiat infusion and zero interest fueled stock buybacks or given government the ability to monetize its own debt, and actually been successful in the endeavor? When has addicting markets to stimulus like a heroin dealer ever led to “recovery”? When has this kind of behavior ever NOT created massive fiscal bubbles, a steady degradation of the host society, or outright calamity?

Suddenly, according to the MSM, China's economy does affect us. Not only that, but China is to blame for all the ills of the globally interdependent economic structure. And, the mere mention that the Fed might delay the end of near zero interest rates in September by a Federal Reserve stooge recently sent markets up 600 points after a week-long bloodbath; meaning, the potential for any interest rate increase no mater how small also has wider implications for markets.

The truth is, the crash in global stocks which will undoubtedly continue over the next several months despite any delays on ZIRP by the Fed is a product of universal decay in fiscal infrastructure. Nearly every single nation on this planet, every sovereign economy, has allowed central and international banks to poison every aspect of their respective systems with debt and manipulation. This is not a “contagion” problem, it is a systemic problem to every economy across the world.

China's crash matters not because it is causing all other economies to crash. It matters because China is the largest importer/exporter in the world and it is a litmus test for the financial health of every other country. If China is failing, it means we are not consuming, and if we are not consuming, then we must be broke. China's crash portends our own far worse economic conditions. THAT is why western markets have been crumbling along with China's despite the assumptions of the mainstream.

China's Rate Cuts Will Stop The Crash

No they won't. China has cut rates five times since last November and this has done nothing to stem the tide of their market collapse. I'm not sure why anyone would think that a new rate cut would accomplish anything besides perhaps a brief respite from the continuing avalanche.

It's Not A Crash, It's Just The End Of A “Market Cycle”

This is the most ignorant non-explanation I think I have ever heard. There is no such thing as a “market cycle” when your markets are supported partially or fully by fiat manipulation. Our market is in no way a free market, thus, it cannot behave like a free market, and thus, it is a stunted market with no identifiable cycles.

Swings in markets of up to 5%-6% to the downside or upside (sometimes both in a single day) are not part of a normal cycle. They are a sign of cancerous volatility that comes from an economy on the brink of disaster.

The last few years have been seemingly endless market bliss in which any idiot day trader could not go wrong as long as he “bought the dip” while Fed monetary intervention stayed the course. This is also not normal, even in the so-called “new normal”. Yes, the current equities turmoil is an inevitable result of manipulated markets, false statistics, and misplaced hopes, but it is indeed a tangible crash in the making. It is in no way an example of a predictable and non-threatening “market cycle”, and the fact that mainstream talking heads and the people who parrot them had absolutely no clue it was coming is only further evidence of this.

The Fed Will Never Raise Rates

Don't count on it. Public statements by globalist entities like the IMF on China, for example, have argued that their current crisis is merely part of the “new normal”; a future in which stagnant growth and reduced living standards is the way things are supposed to be. I expect the Fed will use the same exact argument to support the end of zero interest rates in the U.S., claiming that the decline of American wealth and living standards is a natural part of the new economic world order we are entering.

That's right, mark my words, one day soon the Fed, the IMF, the BIS and others will attempt to convince the American people that the erosion of the economy and the loss of world reserve status is actually a “good thing”. They will claim that a strong dollar is the cause of all our economic pain and that a loss in value is necessary. In the meantime they will, of course, downplay the tragedies that will result as the shift toward dollar devaluation smashes down on the heads of the populace.

A rate hike may not occur in September. In fact, as I predicted in my last article, the Fed is already hinting at a delay in order to boost markets, or at least slow down the current carnage to a more manageable level. But, they WILL raise rates in the near term, likely before the end of this year after a few high tension meetings in which the financial world will sit anxiously waiting for the word on high. Why would they raise rates? Some people just don't seem to grasp the fact that the job of the Federal Reserve is to destroy the American economic system, not protect it. Once you understand this dynamic then everything the central bank does makes perfect sense.

A rate increase will occur exactly because that is what is needed to further destabilize U.S. market psychology to make way for the “great economic reset” that the IMF and Christine Lagarde are so fond of promoting. Beyond this, many people seem to be forgetting that ZIRP is still operating, yet, volatility is trending negative anyway. Remember when everyone was ready to put on their 'Dow 20,000' hat, certain in the omnipotence of central bank stimulus and QE infinity? Yeah...clearly that was a pipe dream.

ZIRP has run it's course. It is no longer feeding the markets as it once did and the fundamentals are too obvious to deny.

The globalists at the Bank for International Settlements in spring openly deemed the existence of low interest rate policies a potential trigger for crisis. Their statements correlate with the BIS tendency to “predict” terrible market events they helped to create while at the same time misrepresenting the reasons behind them.

The point is, ZIRP has done the job it was meant to do. There is no longer any reason for the Fed to leave it in place.

Get Ready For QE4

Again, don't count on it. Or at the very least, don't expect renewed QE to have any lasting effect on the market if it is initiated.

There is truly no point to the launch of a fourth QE program, but do expect that the Fed will plant the possibility in the media every once in a while to mislead investors. First, the Fed knows that it would be an open admission that the last three QE's were an utter failure, and while their job is to dismantle the U.S. economy, I don't think they are looking to take immediate blame for the whole mess. QE4 would be as much a disaster as the ECB's last stimulus program was in Europe, not to mention the past several stimulus actions by the PBOC in China. I'll say it one more time – fiat stimulus has a shelf life, and that shelf life is over for the entire globe. The days of artificially supported markets are nearly done and they are never coming back again.

I see little advantage for the Fed to bring QE4 into the picture. If the goal is to derail the dollar, that action is already well underway as the IMF carefully sets the stage for the Yuan to enter the SDR global currency basket next year, threatening the dollar's world reserve status. China also continues to dump hundreds of billions in U.S. treasuries inevitably leading to a rush to a dump of treasuries by other nations. The dollar is a dead currency walking, and the Fed won't even have to print Weimar Germany-style in order to kill it.

It's Not As Bad As It Seems

Yes, it is exactly as bad as it seems if not worse. When the Dow can open 1000 points down on a Monday and China can lose all of its gains for 2015 in the span of a few weeks despite institutionalized stimulus measures lasting years, then something is very wrong. This is not a “hiccup”. This is not a correction which has already hit bottom. This is only the beginning of the end.

Stocks are not a predictive indicator. They do not follow positive or negative fundamentals. Stocks do not crash before or during the development of an ailing economy. Stocks crash after the economy has already gone comatose. Stocks crash when the system is no longer salvageable. Since 2008, nothing in the global financial structure has been salvaged and now the central banking edifice is either unable or unwilling (I believe both) to supply the tools to allow us even to pretend that it can be salvaged. We're going to feel the hurt now, all while the establishment tells us the whole thing is in our heads.

 

 

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Fri, 08/28/2015 - 01:06 | 6480301 Rock On Roger
Rock On Roger's picture

Zion certainly is a scheme, a scheme to continue to use humans as slaves.

The tablets of clay tell the real story of human and we would be wise to study them. Humans can control the fate of our species and be truly free if only we learn and know our true history.

 

Fri, 08/28/2015 - 01:32 | 6480327 Savyindallas
Savyindallas's picture

I have found it impossible to educate sheeple on truth matters  -especially the 911 false flag. People are generally too lazy and cowardly to learn, much less embrace the truth. As we kill , enslave and create refugees out of tens of millions with immoral, reprehensible wars, these immoral so-called "Christians" knowingly look the other way and keep their heads firmly and safely entrenched in their asses. Apparently to them, the sweet and intoxicating smell of methane gives them a natural high. Life in the matrix is so secure. They will pay when their society and lives collapse or on  Judgment Day when they are held accountable to their maker. 

Fri, 08/28/2015 - 06:39 | 6480612 Refuse-Resist
Refuse-Resist's picture

I sense a potential new market for Jenkem.

 

"Jenkem is an inhalant and hallucinogen created from fermented human waste.[1] In the mid-1990s, it was reported to be a popular street drug among Zambian street children. They would put the feces and urine in a jar and cover it with a balloon then let it ferment out in the sun, then afterwards they would inhale the fumes created"

 

AFricans already figured it out.  Let's get the ball rolling in the ziochristian churches next.

 

 

Fri, 08/28/2015 - 11:30 | 6481730 wendigo
wendigo's picture

I think Jenkem is an urban legend. I've never met anyone who go high off of it, and I hang around drug people. 

Sat, 08/29/2015 - 02:01 | 6484099 SixIsNinE
SixIsNinE's picture

 - yeah, i think that was a disinfo the DEA put out as an experiment to see just how dumb people can be ....

however, the deal with youth sucking up air conditioner's coolant, whatever that is, is real - kids would go huffing AC coolant because they heard it was cool or something...read about nice white teen girls dead from this ....STOOPID.  Another stupid one is teens huffing the computer air cannisters .... sigh...

 

Sat, 08/29/2015 - 02:03 | 6484095 SixIsNinE
SixIsNinE's picture

i've seen a few of the Presbyterian Christian's leadership come out in favor of the BDS movement against Israel.  I think Pennsylvania was one. 

They have a very hard time overcoming the brainwashing from the "Holy Land" that the gentiles should follow the lead of Israel against the "others" of the ME.  Combined with the extremely shortened attention span, and as another poster pointed out, seems like most avoid any real talk about what's going on unless you can get a one-on-one on the right day ...

Hitlery wrote an anti-BDS letter recently, not surprisingly.  Anyhow, with the ownership of the media being what it is, BDS is relegated to the fringe. 

The other day a Canadian candidate was FORCED to quit, because of a facebook post, or some post from last year, in which he merely opined a somewhat empathetic position for the Palestinian people amidst their predicament.  Moral of the story is, the Jewish Mafia is not going to allow even a smidgeon of sympathy or fair-mindedness in regards to what is happening to the people of Palestine.  The candidate's party ERASED all mention of this candidate from the web pages.  startpage cbc if you're interested.   

Sarah Silverman did a pretty funny take on the real Jewish (or perhaps any non-Jesus Born Again believer) take on USA Christians in her stand up doc "Jesus is Magic" .  I haven't tried hard enough to get my Christian family members to watch it yet.  Bill Maher's "Religulous" is another one that hits the mark on absurd aspects of human belief systems. And I'm glad we've got a new female comedienne riding the waves of success now, Amy Schumer - she's really good.  

 

Fri, 08/28/2015 - 10:52 | 6480316 iAmerican
iAmerican's picture

Words have meaning and should be used with understanding, particularly if one is a true American.

Zion (Hebrew for "perfection") is prophesied by the Hebrew Isaiah: "a new nation into which all nations of the world flow" "founded by Gentiles" "ruled by Truth and Justice under God, the Creator of the universe, alone" "a nation of priests" (i.e. in possession of the divine right of Individual Sovereingty, not ruled by king, pope, or other human. Ruled only by God in Truth and Justice).

otoh, the inventor of "Zionism" was an avowed and vociferous atheist, and commensurately, almost unbelievably, accursed, Theodor Herzl, whose line is cut-off.

This anti-prophecy, anti-Bible, anti-Judaism, anti-God athiest scheme (viz. satanic) has been promulgated by Vatican banker-intermediary Rothschilds (of FedScam "fame") and the Gentile-execrating "Synagogue of Satan's" Rabbinical Talmudism: "to lie to, cheat, rob, enslave, and kill, with impunity" all "Goyim," "a mindless herd of cattle" as they are taught from birth to regard we Black and White Americans: as "sub-human animals."

Witness the lousy production values of the Roanoke hoax: the unmourning nose-jobbed Khazar father, obviously trying to pass with a "White" name as he "Isla Vista-like" cries for gun control, and the failed continuity of the blue cuff above the blank-firing pistol on the "shooter's" selfie, but an entirely black outfit on the "shooter" captured by the cameraman's video. CGI pistol-waving "gunman," perhaps. Worked on the plastic nosecone's intact penetration and withdrawal at the Twin Towers.

For there is another of Isaiah's several interlocking prophesies of the true "Israel" all of which are met by America, and none of which by "the State of Israel": we Black and White founders of God's "Promised Land" are to "shelter the righteous remnant of the House of Israel," no aspect of which exists in the apartheid racist tribalism of an Organized Crime Capital of the World, False Zion.

Do we God-fearing Americans of Celt descent suffice as "the righteous remnant" given Wales was a Hebrew mining colony, Welsh is derived of Hebrew, and our Founder and Prophet, Mr. Jefferson, is found to have had Hebrew DNA?

Perhaps, but more significant to the point is that anti-Zionist true Jews, who love God and seek holiness and righteousness do exist, and many helped The Founders win the Revolution against the king and pope Rothschild and Rockefeller seek to restore to power by expunging our sovereignty and the ability to effect it. Of Sephard descent fully assimilated in American society, as Rome's false-Jew Khazar henchmen flooded in the true Jews were understandably aghast, and in large part are now "held hostage" just as the false-Jew Zionists allied with NSDAP, as their fellow "Rothschild Jews" committed the Holodomor, and then, as Germany failed as Rome's catspaw, pulled off the Holohoax to ensnare America using Rome's Talmud/papist Organized Crime Fifth Column which now controls Capitol Hill, Wall Street, Hollywood Babylon, etc.

America is "Heaven on Earth" if we, the sovereign People repent and return to our named Sovereign, the Creator of the universe: the perfect, infinite, eternal, living, present, ineffable, invisible, holy, righteous, and unique God Almighty, the God of Abraham, Isaac, Moses, Isaiah, Immanuel, Adam Smith, Thomas Jefferson, and most Black and White Southerners the homosexual Obama, the homosexuals, papists, pedophiles, and Talmuds on the SCOTUS and in Congress, and our satanic ruling false-elite seek to divide and conquer.

The People must restore "E Pluribus Unum" "Annuit Coeptis" and "Novus Ordo Seclorum," the three tenets of our civil religion yet enshrined on The Great Seal of the Covenant of the People with our Sovereign, God Almighty.

A storm is coming. In unity there is strength, and only by our beseeching God as the Children of God shall, by grace, the Beast now upon us be cast down into the pit of full expropriation and judicial execution.

Justice for John and Martin. Justice for our dead of Vietnam, 9/11, Iraq and Afghanistan, that the "Invisible Hand" again supplant the Fascism which now governs our markets, and did before The Founding for "thousands upon thousands of years of despotism."

America is inarguably the biblical Zion, the New Israel, as prophesied now under attack by "Gog" (viz. Khazars) and Babylon (Rome, who have played "good cop/bad cop" with their former cult impalers long enough).

Isaiah's prophesies are not open to private interpretation, and only gaslighting Talmuds will claim otherwise.

Ergo "Zionists" and their papist partners in perfidy and pedophilia, are traitors against America and against God, our only Sovereign, holy and righteous.

Death on Ft. McNair's gallows or Irrevocable Banishment, for Treason

May God bless America once more!

Fri, 08/28/2015 - 00:26 | 6480243 tumblemore
tumblemore's picture

This is a very dangerous time. When the elites screw up this badly they start wars to distract people.

 

Fri, 08/28/2015 - 00:35 | 6480257 Chris Dakota
Chris Dakota's picture

With Neptune home in Pisces everyone has put all chips on the table.

Deception and escapism is rising, but the hijab is torn and those

with eyes can see the truth as never before.

This is a fantastic time to be alive, you can just feel the magic.

truth is coming to light

Don't be afraid...

 

Fri, 08/28/2015 - 01:18 | 6480311 Phoenix901210
Phoenix901210's picture

This has all been since Saturn went direct.

Sat, 08/29/2015 - 02:07 | 6484102 SixIsNinE
SixIsNinE's picture

wasn't that tear from when the Kardassian went out in the Hijab for a stroll around town this past spring and bent over a little too much ? ... i'm sure TMZ has some pics ...

Fri, 08/28/2015 - 00:50 | 6480276 lasvegaspersona
lasvegaspersona's picture

I agree we are in for a serious crash but not just a market crash. it will be a currency collapse. I don't believe all the claims that the banks are intentionally causing a problem. they helped create one in a monetary system that was born with serious defects. Bankers have no way to stop the coming collapse.

I agree they will lie. governments always try to reap any advantage that may come from nasty 'surprises. If there is a bank holiday, they will know when and what is happening, the rest of us won't. Unless you are prepared before it happens you will lose bigtime. The government will collect any one time windfall....for the 'greater good'.

To believe this is all planned is silly. If they waned to enslave mankind they would have thought of a way that did not put their world in peril too. the future could be nasty, so nasty there may be no place to hide.

The lies will be planned but there will be a lot of people speaking the truth...as they see it...it is just that they will be wrong. I think a lot of assholes like Liesman fall into this category....they really think like our own Million Dollar Bonus...head far up the anus...but sincere.

So prepare for a hyperinflationary collapse. If you don't understand that and what it meaans better start reading tonight. Just don't get sucked into all the antisemetic crap and governemt wants to kill us all stuff. They do kill a lot of people but through stupidity and malice, not through a great evil plan. I just see no advantage in thinking along these lines.

What advantage does it create for you?

Fri, 08/28/2015 - 01:20 | 6480313 Phoenix901210
Phoenix901210's picture

Precisely,

This has all kicked off since 'China'. China does not like the US. The US/ Illuminati/ Cabal is not at all in control. Especially with zilch gold.

Sat, 08/29/2015 - 02:13 | 6484104 SixIsNinE
SixIsNinE's picture

 - i appreciate the magnificence and illustrious history of Gold - however, i must agree with RAD MJ on his views of the preposterousness of trying to run a global economy as somehow backed by the shiny.  I love Jim Willie's prognostications also, and he is a fervent goldbug.  

Now for all of us who are behind those calling for the imminent collapse, yet if we are here again next September, and the system has muddled through another year ... do we pull the Hugh Hendry, stop fighting, and accept the Central Bankster wisdoms and supreme can kicking skillz ?

Fri, 08/28/2015 - 04:41 | 6480531 Reporter
Reporter's picture

Jubilee Year: A Novel puts forward an interesting perspective, suggesting there is a lot of manipulation going on and planning. I recommend the book. You can take it as pure twilight zone, or you could take it as alluding to the present and things we probably all would rather not know, but should.

I agree with a lot of what you say. Yes the results are likely to spin away in all directions, but it was actions leading directly to where we are now, and motivated by cold logic all along the way. To think the world is driven by pure chance is about as silly as thinking good versus evil lies behind the 'nasty surprises'. We cannot ignore evidence stacking up over time, simple cause and effect. Plans were indeed made by those who were able to implement them to their obvious advantage. To not seeing that and understanding how it all happened will only prevent us from ever avoiding endless repeats in the future.

Fri, 08/28/2015 - 01:19 | 6480312 MD
MD's picture

I don't disagree, but this post is heavy on rationalization and light on hard numbers.

Fri, 08/28/2015 - 01:25 | 6480320 MeBizarro
MeBizarro's picture

Par for the course for this writer.  His writing style (basic prose) has improved a lot since he first started appearing here but it still has no substance or analysis usually. 

Fri, 08/28/2015 - 01:29 | 6480324 cheka
cheka's picture

my favorite collapse lies: 

1. brain drain

2. clawbacks

Fri, 08/28/2015 - 01:47 | 6480334 scatha
scatha's picture

The media is just a propaganda tube for smaller and smaller group in cronies worrying about the nest egg while rest of us are being economically exterminated with no consequences to the population except for being enslaved and squeezed to the brink for elites mistakes. The home sales in The US collapse 80% in late 2005 it took business MSM two years to spill it out. The same is now.

It nicely is summarized in the post:

https://contrarianopinion.wordpress.com/economy-update/

An excerpt:

The ongoing for months now, the Chinese stock market crash is revealing how the seemingly freer market capitalism in China is a complete fake exactly like in the West. However, the collapse of this illusion will not be allowed to continue and is or going to be interrupted via massive monetary/fiscal interventions i.e. manipulation of some spreadsheets on POBC ledger since in the end, in China, it is all about the real power, not the fake money as well as it was not about money in Japan or in the US.

In the minds of the world ruling elites everywhere, the Brave New World is no longer about making profit from the exploitation of the human labor but by the financial accounting gimmicks and setting up feudal like private rentier economies based on the monopoly and   extortionist, mafia like rules enforced by the power of the state.

Fri, 08/28/2015 - 01:52 | 6480336 QE49er
QE49er's picture

$444 Billion in commercial paper was given to the foreign banks and nothing was given to main street during the 2008 crisis.  Bernanke lied the whole time and didn't reveal the CPFF bailout until 4 days after TARP was passed.  When questioned by this by Bernie Sanders he would not say where the money was going.  TARP was a lie to enrich the banks under the guise that we would be driven into martial law if it didn't pass.  Main street would have been fine if the "market" would have collapsed in 2008.  The whole bailout was a total scam and God knows how many lies they will come up with to deceive everyone when the next crisis hits.

https://www.youtube.com/watch?v=RmPUKy-3OfY

Fri, 08/28/2015 - 02:22 | 6480373 dumdum
dumdum's picture

 

Dear Mr Brandon Smith,

An excellent article. However I do take offence, that you seem to think that day traders are idiots. I trade all time frames, but specialize in day trading. I have been subjected to countless god damned sell offs and rallies in all types of derivatives and physicals over the last thirty years. And yet here I am still in the game, a whole wealthier.

Kindly choose your words carefully.

Fri, 08/28/2015 - 23:22 | 6483926 runningman18
runningman18's picture

Most day traders are reactive idiots when it comes to investing.  Not all, but most.  If you're not an idiot, then the author wasn't referring to you. 

Fri, 08/28/2015 - 02:58 | 6480421 jack stephan
jack stephan's picture

A good plan today is better than a perfect plan tomorrow.

Fri, 08/28/2015 - 03:04 | 6480433 jack stephan
jack stephan's picture

Conrad 'Connie' Brean: We're not gonna have a war, we're gonna have the appearance of a war.

Fri, 08/28/2015 - 03:17 | 6480451 jcdenton
jcdenton's picture

It is probably time to suspend the sarcasm. This is no longer a laughing matter. Some people are going to get hurt, and not of their own fault. Simply caught in the crossfire.

It is going to get bad. But there is a light at the end of the tunnel. This has been in preparation since 1980. Someone prepared for a very rainy day. You can thank him when you learn who he is. Yes, there is going to be monetary reset. This has been a moral imperative for nearly 100 years ..

https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp

C.S. Lewis although a proponent of capital punishment warned that it should not be employed as cruel and unusual. Nor should the populace revel at the accused, no matter how heinous the crime. Justice is necessary and justice will be exacted in due time. It is a proper matter of public (state) revenge and not private retribution. In that case, the executioner is no different from the convicted murderer.

 

Fri, 08/28/2015 - 03:21 | 6480459 MSimon
MSimon's picture

When you listen to the many faux-truthers in the alternative press, it is this decoy NWO to which they point as they make their fearful predictions in order to create an emotional reaction within their viewers/readers/listeners. They portray it as an evil Zionist/Nazi/Neocon monster that is destroying the world and bringing humanity to the brink of World War 3. This is being done so the public will welcome the real NWO when it makes its move, defeats the decoy, and snatches peace from the jaws of war.

http://redefininggod.com/understanding-the-nwo-strategy/

Fri, 08/28/2015 - 12:09 | 6481931 iAmerican
iAmerican's picture

There is no intermediation between the perfect, present, infinite, eternal, ineffable, invisible, holy, righteous, unique, and living God, America's named Sovereign, and mankind, Talmud. This was the point God Incarnate, Immanuel, made before you Christ killers and Rome impaled Him and tens of thousands of other Christs, for twice denying Caesar was the Creator of the universe.

America is Zion under God alone, as Isaiah prophesied. Rome and the Talmuds must be excised as the Fifth Column cancer they are.

Fri, 08/28/2015 - 04:27 | 6480464 honestann
honestann's picture

One thing is clear.  The predators-that-be will enact absolutely every measure in real or pretend reaction to the coming disaster.

This will totally wipe out almost all potential seeds for potential regrowth after the collapse, leaving almost the entire planet totally exhausted and not ready or capable of easy, efficient or effective recovery.

If this isn't a setup for the "mass killoff" of human beings they've been planning, it must at least be a trial run to "see how it goes" and be better prepared for the full scale killoff to come somewhat later.

My worry is, even preppers won't be prepped enough, or their digs, hideouts and stashes won't be secure enough when the packs of roaming humans go looking for anything they can find.  I'm not sure anyone knows exactly what it will look like when virtually everyone heads out of the cities looking for scraps.  Maybe enough of them will kill [and eat] each other that the size of the marauding gangs in the countryside won't be large enough to find and destroy every prepper.  Hopefully that's true.

For anyone with some savings and a desire to join a couple of my friends who are collaborating to establish a super safe, secure and obscenely comfortable bolthole in probably the perfect spot within the evil empire, contact me in a reply and I'll connect you with them.

Fri, 08/28/2015 - 06:43 | 6480617 Refuse-Resist
Refuse-Resist's picture

Good point. There are several factors working against the 'golden horde'.

 

First, they will be on foot. And as we all know most American can't walk a mile without over exerting themselves -- about half at least.

Second, there are a lot of people outside the cities with guns and the skill/will to use them.

The horde's attrition will be horrific.

My belief is that by the time they get to me their numbers will be managable by time they get here. Pity those who are too close tot he hordes' bases.

Fri, 08/28/2015 - 16:49 | 6482978 honestann
honestann's picture

Yes.  I fear preppers in cities and suburbs will all be toast.  The further away the better.  But you might be surprised how far people will walk.

I remember one-day 40 mile hikes/climbs from [just-before] dawn to [just-after] dusk when I was in my 20s, carrying a backpack!  You need to remember that plenty of teens and 20s will also be in the marauding masses, and they can and will walk hundreds of miles in search of food and safe shelter (prepper digs).

Just make sure you have lots of ammo.  Lots.

Fri, 08/28/2015 - 16:24 | 6483011 Linoleum Blownapart
Linoleum Blownapart's picture

Better yet-- by the time they get to the checkpoints on major highways their numbers will be managable by LE. In this way martial law is actually a benefit in the first week or so.

Fri, 08/28/2015 - 08:21 | 6480822 PhineasGage
PhineasGage's picture

Ann- mechanic / welder and anarcho-capitalist with savings and 0 debt.  Email me at seth6bars@hotmail.com

 

Fri, 08/28/2015 - 22:09 | 6483791 honestann
honestann's picture

Howdy.  See my reply above to the other fellow (might be below, depending on how you tell ZH to sort messages).

Fri, 08/28/2015 - 10:56 | 6481532 WillyGroper
WillyGroper's picture

I'm interested.

Sent you a contact request.

Ping me in chat s'il vous plait.

Sat, 08/29/2015 - 02:23 | 6483519 honestann
honestann's picture

Thanks.  Actually two friends have efforts underway.  The one I mentioned is described at a blog article in the www.liberty.me website:

https://bootstrap.liberty.me/get_outta_dodge_in_style

You can respond to that article if you're a liberty.me member (better yet, get a free 30-day introductory membership).  Or if you want to communicate with me first, send email to me at my ZH username at ymail dot com and we can discuss in greater detail.  I don't know what is involved in ZH contacts, so I still have dozens of them pending.  Though everything I do on the internet is bounced, redirected a few times and otherwise made private, I still avoid as many unknowns as possible.

-----

The other effort is to partner/collaborate on a lot in LEC (La Estancia de Cafayate), which is Doug Casey's luxurious resort in Argentina.  If you don't know Doug Casey, he is the original "international man" who advocates PT (perpetual traveler, previous taxpayer) approach to life.  He is pretty much an anarchist leaning libertarian.

If you want to know more about LEC we can communicate in more detail by email or I can put you in touch with my friend, but first review their website at: http://www.lec.com.ar to understand the place.

The reason for collaboration there is to reduce the costs for each party.  While the place is ultra-luxurious, with 18 hole golf course, 3 swimming pools, polo fields, fancy exercise room, book/video library and so forth, there is a monthly HOA fee of about $550 to make all those sweet luxuries available to owners at no additional cost (plus another $200 or so per month for property/asset taxes).  My friend got a mind blowing deal on the lot ($120K for a $360K one-acre lot on the golf course due to an owner in financial distress).  So a partnership/collaboration reduces the lot cost for each partner to near peanuts, but more importantly reduces ongoing monthly expense dramatically.  The actual HOA expense will be lower if paid in Argentina pesos because converting dollars to pesos on the street generates a much better deal (about $450 vs $550 at this moment).  This requires bringing US dollars cash into Argentina from time to time ($10K limit per trip without special customs paperwork).

Look at the LEC website first, and contact me via email for more about that endeavor.  Since I live in the southern hemisphere, and once in a while I fly for fun pretty much everywhere between Perth and the Ascension Islands in the Atlantic, I'll probably meet everyone in that collaboration eventually.

Sat, 08/29/2015 - 00:28 | 6484005 Rhal
Rhal's picture

Prepping is good, but not in fear. 

During major crises, the majority of people reach out and help each other, Ya some will go mad max, but leave open the possibility of an enlightened reaction, like the people of Manhattan on 911.

Besides, I've read several excellent blogs indicating that this crash will be deliberate with a reset within a few days after. The biggest problem/reaction/solution conspiracy ever! The next system is shaping up to be a globalist/collectivist system (bad), but will buy us more time.  

Sat, 08/29/2015 - 02:33 | 6484108 honestann
honestann's picture

If you count on that, good luck.  Your story seems like rationalization to pretend no reason exists to take admittedly annoying preventative measures.

The chances this worldwide economic and financial collapse will be quick and over like 911 is extremely low.  Best to expect ALL bank accounts to vanish, ALL cash machines to stop working, ALL credit cards to stop working, ALL debit cards to stop working, ALL store shelves to become empty... and electricity to shut down for months or years.

Maybe it won't get quite that bad.  But quite possibily it will.  When no food exists for months, you can be certain your friendly, helpful neighbors will not be as friendly as you imagine.  They'll become predators and cannibals, and you're the menu.

Sat, 08/29/2015 - 10:42 | 6484530 jomama
jomama's picture

In that type of scenario, who's going to maintain the 440+ nuclear reactors around the globe? If even a quarter of them go into meltdown, that spells serious trouble for all sentient life on the planet.

If they all melt down, it's a mass extinction level event.

Sat, 08/29/2015 - 13:29 | 6484968 Calmyourself
Calmyourself's picture

That is a hard truth right there and you know what people do with hard truths, right...

 

Same with EMP in a limited startegic theatre way.  A long lasting coronal mass ejection, we are all dead..

Sat, 08/29/2015 - 22:53 | 6486273 honestann
honestann's picture

Perhaps that is possible.  However, I do have to ask why you believe none of those reactors would be shut down before they abandon ship?

Fri, 08/28/2015 - 03:31 | 6480468 Batman11
Batman11's picture

We are perfectly set for total collapse as no one accepts responsibility for anything:

1) The poor says tax the rich

2) The rich say remove the welfare state

3) The bankers say its the politicians

4) The politicians say its the bankers

5) The FED says its not our fault

6) The US says its the Chinese

7) The Chinese say its the US 

..... etc .....

Fri, 08/28/2015 - 06:12 | 6480591 ramgold2206
ramgold2206's picture

@batman11... your head is working tonight... its so refershing to know there is some guys out there with a decent logical and thinking brain...

Fri, 08/28/2015 - 08:42 | 6480913 Crocodile
Crocodile's picture

The root cause of all man's problems is a spiritual or moral issue; after all isn't the moral behavior of any given individual guided by their conscience (spiritual)?  Since most people gave up the fixed point of morality that guided behavior, then we just make up our own and peoples behavior is relative to what they determine what ir right and what is wrong and the result is quite evident.  It will get much much worse and I believe what seems "normal" now will be considered "conservative" and children and "family" and therefore society will suffer the most in that order.

Fri, 08/28/2015 - 03:37 | 6480473 MSimon
MSimon's picture

Note the M16 (MI6) robot in the Simpsons cartoon:

http://redefininggod.com/understanding-the-nwo-strategy/

Fri, 08/28/2015 - 16:30 | 6483021 ZH FNG
ZH FNG's picture

Off the Simpsons topic but the other article on that page about the New Carrollton Federal Building in Lanham, Maryland was darned interesting.

Nothing like a government that supports "the arts"

http://vigilantcitizen.com/sinistersites/sinister-sites-irs-headquarters...

Terrific comments on this article above, by the way. Sorry for the distraction.

 

Fri, 08/28/2015 - 04:51 | 6480542 Batman11
Batman11's picture

1920s/2000s - high inequality, high banker pay, low regulation, low taxes for the wealthy, robber barons (CEOs), globalisation phase

1929/2008 - Wall Street crash

1930s/2010s - Global recession, currency wars, rising nationalism and extremism

The globalists like to take the profits in the good times and then run and hide in the bad.

The excess cash flowing through the system leads to a boom/bust cycle in the financial sector.

National institutions, Central Banks and Governments, get left to sort out the mess. They place the burden on national tax payers and impose austerity which leads to a rise in nationalism.

Same old, same old.

Tue, 09/01/2015 - 13:54 | 6496067 Baa baa
Baa baa's picture

Yeah, lots of dead people...

Fri, 08/28/2015 - 05:38 | 6480571 falak pema
falak pema's picture

Reverse QE and Dedollarization look like bringing moar trouble to the Titanic.

When thieves fall out on the deck, the game of musical chairs really hottens up!

Fri, 08/28/2015 - 05:44 | 6480577 Batman11
Batman11's picture

Bernanke looked at the 1930s to see the problems caused by banks failing.

He did not look at Japan, after 1989, when it hid banks losses and bailed them out, the economy never recovered.

Better to deal with the cause than the effect.

The real problem, bankers don't understand their product, debt.

“What is wrong with lending more money into the Chinese stock market?” Chinese banker before last month

“What is wrong with lending more money into real estate?” Chinese banker last year

"What is wrong with lending more money to Greece?" European banker pre-2010

"What is wrong with a NINA (no income no asset) mortgage?" US banker pre-2008

“What is wrong with lending more money into real estate?” US banker pre-2008

"What is wrong with lending more money into real estate?" Irish banker pre-2008

"What is wrong with lending more money into real estate?" Spanish banker pre-2008

"What is wrong with lending more money into real estate?" Japanese banker pre-1989

"What is wrong with lending more money into real estate?" UK banker pre-1989

“What is wrong with lending more money into the US stock market?” US banker pre-1929

We need to teach bankers the lost art of prudent lending and the importance of fundamentals, eg. ratio of mortgage size to income; ratio of national debt to GDP and age old metrics for valuing companies based on performance.

Fri, 08/28/2015 - 05:45 | 6480578 Batman11
Batman11's picture

Bankers developed complex financial instruments but didn't understand them.

When they can't handle their bread and butter product, debt, which is actually very simple, it is hardly surprising they made such a mess of complex financial instruments.

James Rickards in Currency Wars gives some figures for the loss magnification of complex financial instruments/derivatives in 2008.

Losses from sub-prime - less than $300 billion
With derivative amplification - over $6 trillion

"It’s nearly $14 trillion pyramid of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans, and dispersed throughout the world" (pg 404, “All the Presidents Bankers”, Nomi Prins)

Fri, 08/28/2015 - 06:08 | 6480589 ramgold2206
ramgold2206's picture

@batman11 couldnt agree more, im an accountant for 20 odd years, and reading the language around thses instruments melts my brain and i find it completely un-understandble (is that at word, its late and i've been drinking). but your point is 100% accurate. Its just debt dressed up, a pig wearing lipstick is still a pig. fundamentally true money should be easy to manage it can only be 3 states, you can own it, you can owe it or it can be owed to you; everthing else is just subterfuge especially fiat currency which is by design is continually in a state of being owed!! even if you "own" it by inflation its being taken from you i.e owed . the solution own physical gold ..

 

www.teamramgold.com/about-us

Sat, 08/29/2015 - 09:10 | 6484342 Niall Of The Ni...
Niall Of The Nine Hostages's picture

That's easy in principle. Let the bastards

a) go out of business

b) be held personally liable for all their own banks debts. You can't make your depositors whole, you are a thief and you get sent to prison till you can. 

The prospect of sending the next ten years being a cellblock whore just might give them pause next time they were tempted to lend someone else's money to anybody whose ability to re-pay in full on demand was at all in doubt. 

This, of course, is not going to happen. Governments would be unable to finance the standing armies they maintain to keep their tax-peons from revolting or the welfare states they squander money on to keep the rabble quiet. And that would be the end of most governments.

Fri, 08/28/2015 - 06:20 | 6480596 Wahooo
Wahooo's picture

The trend is down???? Tyler, where do you find these guys? For the last seven years, the trend is up, for anyone actually looking. Yes, we will muddle through good weeks and bad weeks, but don't publish a guy who says the trend is down. It isn't.

Fri, 08/28/2015 - 08:24 | 6480827 2muchtax
2muchtax's picture

There are lots of trends, some leading some trailing. Not 100% defending the author, but the stock market is a trailing indicator.

This logic infuriates me, like my kids school teaching that the Great Depression was a result of the stock market crash. It of course was the opposite, the stock market crashed as a result of the beginning of the Great Depression.

Fri, 08/28/2015 - 23:17 | 6483910 runningman18
runningman18's picture

If you believe that, you're an ignoramus.  The global economic trend has been in decline in nearly every sector since the derivatives bubble burst.  Now, stocks are following, and you want to claim the trend is positive?

Sat, 08/29/2015 - 00:25 | 6484008 Yen Cross
Yen Cross's picture

  Wahooo, I'm giving you a greenie.

  You're 10x smarter than(present tense) those downvotes indicate.

 matter of factly, you're on my favorite posters list!

Fri, 08/28/2015 - 06:46 | 6480623 Last of the Mid...
Last of the Middle Class's picture

Clearly more gun control, more visas and lots lots more trannies are needed to fix this.

Fri, 08/28/2015 - 07:58 | 6480760 sam site
sam site's picture

 

You state, "the job of the Federal Reserve is to destroy the American economic system” in order to usher in the IMF’s SDR. 

 That may be but the Chinese and Saudis will beat the Fed to the rate hike fest simply by cashing in

their nearly $2.5T in treasury bonds before the music stops, that will have the same effect of raising yields or interest rates on the 10 yr US Treasury Bond rate.

Foreign redemption of treasury bonds will be the catalyst of the dollar collapse and stampede to safer alternatives. 

Many like Peter Schiff think the BRICS will go to gold-backed currencies particularly because now they have in place their new SWIFT substitute

called China Pay, their VISA substitute called Union Pay and their IMF Bank substitute called the AIIB Infrastructure bank.     

Nobody has the BRICS by the cojones forcing them to accept a new western fiat paper currency like the SDR.

As you say, “The days of artificially supported markets are nearly done and they are never coming back again” because of we have reached “Peak Debt”.

 

Fri, 08/28/2015 - 08:04 | 6480779 cajun robear
cajun robear's picture

The best essay on propaganda by the master, Edward Bernays. The man who got women to smoke, put flouride in the water and had Goebbels as an admirer.

http://www.historyisaweapon.com/defcon1/bernprop.html

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country.”—Edward Bernays, Propaganda (1928)

Read, learn, think, be aware!

Fri, 08/28/2015 - 08:05 | 6480783 matagorda
matagorda's picture

You say fed will increase and dollar will be strong, then say the dollar will be destroyed by IMF.  Which is it?

Fri, 08/28/2015 - 08:35 | 6480879 Crocodile
Crocodile's picture

According to Dr. Jim Willie of the Hat Trick Letter, the dollar will see in value in relation to other currencies, which it is manifesting in numerous countries, then it will "vanish".   The Petro-dollar had 3 legs and 2 are gone and the 3rd is wobbling...have you noticed.

Here is the latest interview with Dr. Jim Willie titled: "We Are At War ~ With Jim Willie"

https://www.youtube.com/watch?v=j7U3K34spuQ

Fri, 08/28/2015 - 23:19 | 6483916 runningman18
runningman18's picture

Who claimed the dollar would remain "strong"?

Sat, 08/29/2015 - 03:23 | 6484161 GreatUncle
GreatUncle's picture

The IMF has to get the yuan on board otherwise the trick central bankers are pulling is more and more revealed.

The attempted devaluation by China of the yuan implies ... western economies are trying to devalue economies and the China response has to be to do the same.

The IMF will also need to adopt any virtual currencies like bitcoin if it becomes to big and starts to reveal how the elite are manipulating markets to retain their position.

Sat, 08/29/2015 - 06:52 | 6484263 SmallerGovNow2
SmallerGovNow2's picture

"The IMF has to get the yuan on board "...  then why did they deny its inclusion for 2015 and put off the decision to 2016?  If they wanted this so bad one would think that they would have done it this year...

Sat, 08/29/2015 - 05:01 | 6484207 arrowrod
arrowrod's picture

Whining about the end of the world, when ZH has about a billion ads on this site.

All of them tailored to my "viewing" habits.

Sat, 08/29/2015 - 05:18 | 6484220 B2u
B2u's picture

What ads?  Use adblocker and stop whinning.

Sat, 08/29/2015 - 09:31 | 6484378 pops
pops's picture

Ubuntu + Firefox + Adblocker = zero ads or popups.

 

Sat, 08/29/2015 - 09:03 | 6484335 lucky and good
lucky and good's picture

We are all interconnected for better or worse. A bad apple can spoil the whole basket. Welcome to the world our leaders have designed or allowed to form. Whether by design or merely as a byproduct of globalization we have weaved a web of financial transactions that circle the globe. Over the last several years as money was printed by the central Banks it was not contained in the countries where in was printed. This money flowed across borders influencing and distorting markets and prices across the world.

Some people have been calling for a "world currency" for years. the saying "one should never let a good crisis go to waste" means that a meltdown with high levels of fear would present a perfect opportunity and catalyst to advance this agenda down the field. Remember many people with agendas have a lot to gain when a major shift in the currency markets takes place. More on this subject in the article below.

http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-c...

Sat, 08/29/2015 - 09:41 | 6484392 Son of Captain Nemo
Son of Captain Nemo's picture

Why would they raise rates? Some people just don't seem to grasp the fact that the job of the Federal Reserve is to destroy the American economic system, not protect it. Once you understand this dynamic then everything the central bank does makes perfect sense.

Agree with much of what this write up portends but "to what ends"?.. If this destruction is systematic by the Bank of England Fed, BIS IMF and they are deliberate, then there is the inherent understanding of the members within that system that "they" will be checking out with it as well and the mantle of authority will go elsewhere and no longer be regulated by them or under their jurisdiction or control any longer?...

I don't believe these members know and understand this for one minute because they've collectively lost their minds.  It's a pattern of abuse they have played out for more than half a century that no longer is working or has worked which means exercising the only option they have left in order to control all of the worlds resources and yes real money that is not the fractional reserve kind that always creates these disasters.

 

Sat, 08/29/2015 - 11:53 | 6484652 Teh Finn
Teh Finn's picture

"Madame President..."

Sat, 08/29/2015 - 12:09 | 6484694 Son of Captain Nemo
Son of Captain Nemo's picture

The paper world is falling down - Duran Duran Paper Gods

Sat, 08/29/2015 - 12:28 | 6484755 Meremortal
Meremortal's picture

This is a reprint from 2008, right?

Sat, 08/29/2015 - 16:29 | 6485362 Batman11
Batman11's picture

Maybe its not a conspiracy and its just stupidity.

We thought Japanese bankers were the stupidest in the world when they created the mother of all real estate bubbles that burst in 1989.

Japan has not recovered since.

But Wall Street was determined to outdo them in the stupidity stakes using derivatives and complex financial instruments to magnify up the losses from a housing boom. The bubble burst in 2008 and the global economy hasn’t recovered since.

James Rickards in Currency Wars gives some figures for the loss magnification of complex financial instruments/derivatives in 2008.

Losses from sub-prime - less than $300 billion 

With derivative amplification - over $6 trillion

"It’s nearly $14 trillion pyramid of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans, and dispersed throughout the world" (pg 404, “All the Presidents Bankers”, Nomi Prins)

Japan only managed to cripple its own economy through crazy lending into real estate, Wall Street crippled the global economy.

Perhaps Chinese bankers are now looking to steal Wall Street's crown?

The competition is fierce with European bank lending into Greece as another contender.

A merit award for Spanish and Irish bankers who have destroyed their nations finances with unconditional state bailouts after reckless lending into real estate.

 

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