What's Starting Now Will Overturn The Entire System: "Complete Collapse of Everything"

Tyler Durden's picture

Submitted by Mac Slavo via SHTFPlan.com,

 

“There’s too much of everything…” The debt, the currency collapse, the global economy, and the institutions we’ve all taken for granted.

All of it is head for prolonged collapse, and revolution.

economic-collapse-consequence

Michael Krieger of Liberty Blitzkrieg warns about the immense scale of the problems that have been triggered by the Brexit – and could lead to the complete disintegration of the European Union.

The status quo is being disrupted, and a major, major event is coming. This one may well be big enough to wipe everyone out, that is those who aren’t able to duck out and survive.

As Michael Krieger tells Greg Hunter at USA Watchdog:

Former Wall Street analyst and journalist Michael Krieger contends the recent so-called “Brexit” chaos is signaling something much bigger than coming economic trouble. Krieger explains, “I think the biggest thing with Brexit, and I think it is far bigger than an economic downturn, is the disintegration and ultimately the overthrow of the entire status quo regime, the entire post WWII establishment. That’s way bigger than an economic decline. It’s way bigger than the economic decline in 2008 and 2009. When you think about it, since 1945, we’ve had all kinds of economic declines. We’ve had bear markets and bull markets, but the status quo, the establishment, the basic principles that have been guiding the world for, let’s say 80 years now, those are what are going to be overthrown, and that is a way bigger deal than an economic downturn, in my opinion.”

 

On the odds of a financial crash, Krieger contends, “In my writings, when I first came out of Wall Street, I focused on debt, I focused on economics and I focused on financial markets. I did all of that stuff, but I stopped doing that for one simple reason.

 

It was obvious to me . . . that this thing had only one way to go, which is a complete collapse of everything. We’re going to need to start over. There’s too much debt. There’s too much corruption. There’s too much BS. There’s too much war. There’s too much everything that is bad in this world, and debt is one aspect of it. Are we going to have to wipe out the debts one way or the other? Of course, we will. I guess the reason I have stopped talking about that and writing about that is because it is so obvious. So, what I have been doing over the last three years is getting people aware and engaged on everything, not just the economics, but the political corruption. Every single industry in this world is basically hitting peak corruption, peak shadiness, peak violence and peak everything. So, it’s not just the debt or the economies that are going to collapse, it’s everything, the political establishment and the social fabric. All of these things we have been living under our entire lives will be replaced by something else. . . . The only question is, are we going to get something better or are we going to get something worse?”

Things have reached fever pitch, and the populists are fed up with the system, and ready to revolt. Technology has changed all the arrangements, and literally everything, not only in economics, but in politics, and throughout society, is about to change in a transformative way.

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birddog27's picture

Happy, happy, joy, joy......

SMG's picture

Mr Kreiger is right of course. I wish he wasn't.

mofio's picture
mofio (not verified) SMG Jul 7, 2016 10:07 PM

The financial CATACLYSM will be Ugly, Bloody, and Messy.
http://bit.ly/1KogtGi

European American's picture

What one puts ones attention on, grows and grows and grows.

Best, in these potentially turbulent times, to tame the mind and contain the fire within..

froze25's picture

We can survive this and come out better in the USA. We have every resource that is needed to live a modern life style, with robotics we have the the manufacturing capability to produce all the things we currently enjoy. We have the energy reserves to last thousands of years. We can farm our tails off. We just need access to those resources and put them to work.  Trump 2016

Atavists R Us's picture

I don't think the "masses" are at any close enough point to overthrow their own habits, let alone the elite. The plebs will continue to bitch and moan (but mostly as an undercurrent, not full time). The population Gaussian curve middle still holds those that only think about it only in the background. Then there are those at one end that are mad as hell and will talk about not taking it anymore but will do fuck all. At the other end of that are those who don't know, don't give a fuck or are serious meditators and have reached enough of a level of calmness and acceptance that they just don't give a fuck either.

I think that most people are like someone who's in a room with movable 4 walls that the elites are moving toward the center where a poor bastard (the pleb) lives. As the area inside the 4 walls shrinks, he makes do and rearranges himself or the furniture to be as comfortable as he can. At first he can sleep lying down, but as the walls close in, sleeping lying down becomes impossible but still nothing to trigger a real reaction, just more bitching and moaning. Finally, as the space becomes so small that he goes from laying down to sitting to sleep to, finally, having to stand up to sleep...and, lastly, until the walls are so close together that he will be suffocated and crushed if he doesn't do something about it NOW, there is a survival reaction: for fuck's sake do something or die!

We're all a looong way off from that point. Most people are reactive, not proactive. Thus the elites win. Every time. A more likely scenario is that the shit will hit the fan only when one group of elites pisses off another group of elites. Then it's war of one kind or another.

I think most people are not in any kind of "revolutionary" mode yet. There's still a long way to go. They just keep giving way, one inch or, lately, one mile, at a time, to the effing elites. Krieger is fulll of shit in this regard that "people are revolting". Have the elites changed their way, quieted down the way they do things? Or are they hell bent for leather more and more, not giving a fuck how open they are with the raping and pillaging and killing? You decide.

I think this whole Brexit / EU bank meltdown thing is planned at some level in order to arrive at making themselves uncontested masters of this planet, and giving themselves billions of acres of land while giving Mr. Pleb about 2 sq. inches of personal space - and his life if he's lucky. All the scheming and shennanigans are to make sure Mr. Pleb doesn't feel the crush too soon and start to panic and maybe actually do something about it so that control is lost. It's done in little steps, ratcheted up a little at a time with some bigger jumps from time to time becasue, goddamnit, there's a schedule to keep. The boiling frog metaphor is appropriate.

What really pisses me off is that if you happen to be someone who is smart enough to be aware of what's happening and want to really change things, it seems you either gotta be superman or commander of a galactic invasion fleet with so much power that it is no contest for the elites - if you want to really change things away from the elites. But trying to awaken ma and pa Kettle and getting them and the majority of people to actually act against the elites is pretty much an exercise in futilty. At least that's my opinion.

I sincerely hope i'm wrong.

 

 

 

True Blue's picture

Revolutions don't seem to just 'happen' due to discontent, oppression, economic malaise etc. Even French peasants in the 1780's, a tinderbox of seething discontent did not up and 'decide' to revolt against the monarchy. There is almost always a catalyst of some kind that tips over the apple cart.

That catalyst can be almost anything, from the extraordinary (for example a man walking up to the steps of City Hall somewhere and lighting himself on fire in a suicide-protest) to the tragically mundane -such as simple traffic accident, or the police openly murdering some anonymous nobody. It can be something that happens a thousand times, or something that a healthy society could ordinarily deal with and perhaps has dealt with successfully in the past.

A catalysing event may or may not create a nice 'flash in the pan' but if there is no primary charge it will go nowhere aside from a riot or two. The problem is that in the US it would seem that a large magazine of explosives has been deliberately created; a perfect storm of discontent, anger, hostility and distrust -coupled with a rapidly deteriorating economic situation that only awaits one damned spark to ignite a conflagration.

At this point, a revolution is a 'black swan' event by the same definition that it is in stawks; the conditions are right (and in my opinion deliberately engineered) that almost any event could trigger it. Revolution probably isn't even the right word, nor is 'civil war' -I cannot think of what to call what may happen -sudden empire collapse? The Dark Ages Mk. II?

The other problem is that about 5 seconds after the US gets seriously distracted domestically, it will go global. The minute the US Army is deployed on American soil against Americans the rest of the world is going to give Uncle $am the finger and sell US Treasuries like Weimar issued Reichsmarks. China will probably go all 'East Asia Co-Prosperity Sphere' like Japan did; Europe will be drenched in blood -probably way worse than here in the US based on population density, cultural conflict and gov't dependency; Russia is going to sit tight (I hope, god knows what will happen with what stunts our irrational 'leaders' have been pulling in the past few decades.)

It is going to be a long, long, long, long summer.

Longer than this post and yours.

OldPhart's picture

Up until 2008 I was basically a sleepwalker.  Doing everything you describe.

Now, I've cut a hole in the walls, and I can escape if I take the correct angle.

In the coming harvest, my goal is to keep our heads down and out of sight.  Only using defensive tactics.  Until the hoard has passed.

Once that wave is gone, there will be much smaller waves headed our way and I intend to use the same tactics.

I figure the timing to take about three months following the failure of EBT.

After that it's time to challenge as individuals come forward, and maybe trade.

First question, "Got Gold?"

carbonduke's picture

actually you right on the money

Radical Marijuana's picture

I WISH you were wrong too. 

However, I do not think so!

sleigher's picture

Please welocome Boris Alatovkrap and the KNIGHTS!

Keyser's picture

Thumbs up for linking Greg Hunter's work... He is a true patriot and is under-subscribed for the content he provides... Perhaps this link will boost his subscriber base... 

Billy the Poet's picture

Greg has great guests but he has a bad habit of rambling on and rephrasing his questions while you can see that the guest is more than ready to answer. He's also a big Israel fan with all the baggage that entails.

OldPhart's picture

I observed that, too.  But I'm a subscriber.

He really does churn out some great shit.

Graph's picture

Agree.

Except for his pro-Israel Friday rants.

Also his "accidental" references to Mannarino (and Mannarino replying with big thank you) every time that he can is bit of a stinky marketing.

Admire him having CAF and PCR as guests despite big conflict in thinking about Israel. Thus my puzzle about his Friday rants.

OverTheHedge's picture

Boris's English has really come on recently...

Rusty Shorts's picture

Exactly. Which is why most people I know think they can ignore the math and everything will be okay. They fight the very idea that there is a real decline in quality of life, that it is permanent, and that it will continue to deteriorate.

"Apres moi, le deluge." Everyone else will get screwed but not me, I got mine.

It's a tsunami. Previous paradigms no longer apply.

Teevee, junkfood-addled Amerika could not withstand a currency collapse. The Black Plague made human capital valuable again - in modern application we have tens of millions on the gov't teat with no recovery.

 

All those 99-weekers waiting for jobs. What jobs? Doing what? The service economy is a fiat lie and our infrastructure is based on a constant flow of cheap oil.

Mortgage? WTF for? Prices are artificially high because of 1) shadow inventory 2) who can say they will be employed in their profession to make payments for 30 years anymore - no man is an island.

Stay nimble. Stay quick. This is no time for white picket fences. Going back to the sad, miserable, drugged-up state of our Nation it ain't a stretch to imagine that the Mandarin speakers are planning to make use of their raw (war) materials and spouse-less young men for "real estate acquisition". Hasn't anyone read a history book around here? The Chi-Coms have openly spoken of how they deserve North America. This kind of scenario isn't discussed because it is the worst-case scenario outside of nuc-bio-chem warfare, and then subsequent invasion.

"Oh, but China needs us and we need them." Bullshit. Everyone is buying time. The Chinese aren't stupid and they know they aren't getting their money back. Some finance guy over there said US bonds are not safe medium and long. In other words "We are trying to buy as much time as possible to acquire tangible assets that matter!"

All the survivalists from the 70's were wrong because they didn't understand the "Nixon" trick/effect of taking us off the gold standard and taking paper money to its extreme utility. It would have been better to face this shitstorm back then. Back when Americans were still eating meals that had real nutrition, no obesity epidemic, actual human interaction, strong infrastructure with less bureaucracy. Today it's all bloated beyond recognition.

When the Fed finally makes a move that has a visible and real effect on Amerika even rationing of supplies won't keep the interurban areas content. We are at the brink of a f.u.n.d.a.m.e.n.t.a.l. shift. Be far away from the millions that require a weekly check for their very survival. Do you think the owners of the Fed care if millions starve?

Beltain's picture

I agree but you left out small plots of arable land are still somewhat reasonable if you can find em. Buy one outright and get out of debt then build a small storage shed type house to ride the coming troubles out in. Better than being a refugee.

 

Rusty Shorts's picture

There have been 4 jobs or activities which Man has engaged in throughout the centuries: Hunter/Gathering, Agriculture, Manufacturing, and Services. What's next? What category can you imagine in which billions of people will be working in the future?

It turns out that there is a final category. It is known as Unemployment. As Agriculture, Manufacturing, and Services become more efficient in the coming months, workers will have nowhere to go but to the unemployment line. At some point, Man's artificial economic system will necessarily collapse. When that happens, the corporations which produce and deliver food will no longer have an incentive to do so. The cities will suffer great hunger and it will be the end of Man.

Billy the Poet's picture

Eliminate the income tax, minimum wage laws and other onerous regulations and unemployment would end overnight. There are lots of jobs that folks need to have done but the slice which the government takes and the anti-competitive regulatory structure puts such things out of the reach of many people.

michelp's picture

"There have been 4 jobs or activities which Man has engaged in throughout the centuries: Hunter/Gathering, Agriculture, Manufacturing, and Services."

You forgot one that has also been consistent: WAR.

m.

WOAR's picture

I feel my name is becoming popular once again.

Kprime's picture

that an prostitution, but I guess that's a service.

OldPhart's picture

Once we're at the level that you describe, we're pretty much all back to the Hunter/Gatherer stage...especially when unemployed.

new game's picture

rusty, if the great italian math genius has it right, and i believe so, .38 of 8 billion leaves aprox. 5 billion to carry the water fwd, and that might be a sustainable number for temporary. most likely decline due to devastation from retrace...

mother nature is puking up from indigestion....

but, not sure the trigger, natural or war of mankind, odd 90:10 mankind killing each other, something refined to an industry that is second to food production, but oil is the juice of it all....

Lets Buy The Dip's picture

maybe the GREAT crash is here, like zero hedgers say it was, for 10 years now. 

this blog here, => http://bit.ly/29CY8J0 who I read is very good and accurate with his stock market calls. and he is saying do not be fooled by this rally in the US, we could be seeing a freight train about to run over investors asshole. Tooot tooot! LOL

it we do get a crash, there is going to be jizz flying in the pants of many zerohedgers....dang! just htink about it, for a minute!!! LOL....actually no dont. LOL

Sledge750's picture

This room needs a new paint job...

Kprime's picture

you've been listening to my wife.

PleasedToMeatYou's picture

Lick my freshly soiled crack you SPAMtroll. 

Elliott Eldrich's picture

Stinky Wizzleteats will teach you to be happy!

 

https://youtu.be/eVM1nUmDHHc

silverer's picture

This is great news! Finally, the Hope and Change everyone has been promised!

Raffie's picture

This one will be epic for sure.

So hearing many things from it will happen over night to that the markets will just keep falling each day for a long time till it hits the bottom.

One person said they expect the DOW to drop to the 5k-6k mark... that is pretty far to fall.

Bemused Observer's picture

To truly wring out the excess in the market/system it might have to drop a bit further than that.

Prices for everything have to get a whole lot smaller, as do lifestyles and economies.

True Blue's picture

Who can tell?

The first problem is defining 'price' in fiat. You have to know the value of the medium of exchange before you can determine the price of something in that medium.

The 'market' may be wonderfully 'priced' in fiat, who knows what astronomical highs it could reach in a hyper-inflationary environment.

Of course, it could also be a smouldering ruin with irradiated vagrants defecating in the corners in a year; which would obviously be an aesthetic improvement.

Who can tell?

Bemused Observer's picture

Of course...one has to establish a baseline for any kind of measurement, and money IS measurement. And that is where we would probably run into a problem. We have killed the price-discovery mechanism of the market. Truth is, we don't really know what ANYTHING is really worth anymore. For every dozen indicators you produce saying my asset is worth 10 million, I'll counter you with a dozen that show it to be worth three times that. And there will be a dozen others that say it's total crap and worth nothing. And on any given day, one of them will be right.

Agreeing to a new currency means agreeing on a value for it. But how can you ever know what its value is if you can't even agree on where your asset stands in the asset-price pecking order? A lot of folks are going to have to accept severe devaluations from current levels, and they're likely the same folks who refused to take their losses in 2008. So it should be fun.

OldPhart's picture

fundamental booms and busts always overshoot.

It could wind up in the hundreds before this is over.

undertow1141's picture

Come the end of this, there will be no market. Not 5k or 6k or even 5 or 6. Nothing. Stocks and the companies funded by them will be burning rubble.

Billy the Poet's picture

That which has arisen from malinvestment will burn. Solid companies will survive or at least their capital equipment will and it will continue to produce after restructuring.

Ignatius's picture

Krieger is spot on and is not alone in his thinking.

Berspankme's picture

My dream is the elites try to start a war. But this time the peasantry says no, we ain't fighting each other anymore. The people then turn on the elites and wholesale slaughter everyone of them. That is the way to renewal

Kprime's picture

damn, what kinna drugs you doin?