tagged w/ Economic Collapse
-
By now, it is is painfully obvious that the U.S. economy is not going to "recover" and that its fiscal situation will continue to deteriorate over the next few years, at least to those of us who value being truthful to ourselves. This will happen regardless of how much chatter is generated by the politicians about "fiscal responsibility" and the importance of reducing the deficit, or an imminent "government shutdown". That begs the question, however, of what will actually happen to the U.S. treasury market and the dollar as a "store of value" during this time.
Those two investments are ultimately driven by the forces of supply and demand, just like all other ones. Their supply will be plentiful, as the federal government generates new credit to fund the increasing gap between tax revenues and spending, so the question is whether there will be enough demand to meet the supply. The answer to that question is not as simple as determining whether rational investors will maintain their confidence in the U.S. Treasury market and place their limited capital at its feet.
Your average financial investors (individuals, asset managers) are, A, not rational, and B, not the only source of support for the market. The latter is clear enough from the fact that the Federal Reserve, a privately-owned institution with no actual reserves, is now the largest creditor of the federal government, as its treasury holdings surpassed those of China earlier this year. The Fed (along with a few other central banks and the IMF) is merely a front for a cartel of major financial institutions that are primarily located in the U.S., Japan and Europe, as well as other multinational corporations that work with them to maintain their operations.
These institutions, unlike the average and irrational financial consumer, will not necessarily throw their support behind the treasury market out of panic or fear of a worsening global economy. If they choose to continue "investing" in U.S. treasuries, it will be a calculated decision that is based on what they believe is the best method of preserving their wealth and power........
Continue at:
http://theautomaticearth.blogspot.com/2011/04/april-10-2011-jumping-treasury-shark.htmlBy now, it is is painfully obvious that the U.S. economy is not going to... more
-
-
A “working class hero,” John Lennon told us in his song of that title, “is something to be/ Keep you doped with religion and sex and TV/ And you think you’re so clever and classless and free/ But you’re still fucking peasants as far as I can see.”
The delusion of a classless America in which opportunity is equally distributed is the most effective deception perpetrated by the moneyed elite that controls all the key levers of power in what passes for our democracy. It is a myth blown away by Nobel Prize winner Joseph E. Stiglitz in the current issue of Vanity Fair. In an article titled “Of the 1%, by the 1%, for the 1%” Stiglitz states that the top thin layer of the superwealthy controls 40 percent of all wealth in what is now the most sharply class-divided of all developed nations: “Americans have been watching protests against repressive regimes that concentrate massive wealth in the hands of an elite few. Yet, in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.”
Read More: http://globalpoliticalawakening.blogspot.com/2011/04/peasants-need-pitchforks.htmlA “working class hero,” John Lennon told us in his song of that title,... more
-
-
-
Editor's Note: Finally, they're sending in the troops to arrest the banksters. Oh wait, the tyranny is actually directed at the little people and coordinated by the banksters. My bad!Editor's Note: Finally, they're sending in the troops to arrest the... more
-
-
China may soon call time on Western quantitative easing. More worryingly, the language she is using is far from friendly.
In a report issued last month, the Dagong Global Credit Rating Company praises "emerging creditor countries" for preventing the collapse of "debtor economies" during the recent crisis, but stresses the "vulnerable position" of America, whose "excess issuance" of dollars has triggered a "global credit war" that "arouses all the countries in the world to take various credit resources as a financial weapon to safeguard the national interests."
Dagong blames QE for increasing exports of capital and raising international commodity prices, causing price and asset inflation in developing countries where, according to a cited World Bank estimate, net capital flows to stockmarkets soared by 42% and to bond markets by 30%.
Signalling that a US Treasury bond sell-off is a "financial weapon" that China may be prepared to use in its defense, Dagong notes that creditor nations stabilised the situation in 2010 not only by "continued buying" of treasury bonds but also because they "continued to hold" them.
China is by far the biggest holder of US Government debt - $891.6 billion at December 2010, according to the US Treasury. This is about the same as a year before, but ignores possible purchases via intermediary nations. In 2009, ex-Roubini associate and now NEC adviser Brad Setser plausibly argued that much of the British buying was on behalf of the Chinese.
This is all the more credible because of the UK government's own deep and long-standing financial troubles: Why would one near-bankrupt lend to another? In December 2010 the ostensible UK holding was $541.3 billion - triple the figure from 12 months earlier. Setser's January 2009 estimate was that taking US Treasuries and Agencies together, China controlled $1.425 trillion-worth.
The UK has since increased "its" stake in Treasuries by over $360 billion, though China appears to have been reducing its exposure to Agencies for some time, according to a July 2009 report from the Congressional Research Service:
Data from the Department of Treasury indicate that in recent months China has sought to reduce its holdings of LT U.S. agency debt, while increasing its holdings of short-term U.S. Treasury securities.
This shift from Agencies to Treasuries, and from long- to shorter-date debt, is itself a subtly troubling trend.
Total Chinese foreign exchange reserves - mostly denominated in dollars, one understands - were $2.45 trillion in June 2010 and the current figure may be over $2.8 trillion. The effect of currency depreciation on its foreign assets is massively expensive to the People's Republic, and it is little wonder that she should be reconsidering her investment - and musing on using her leverage to further other objectives.
Officially, China repudiates the notion of using its foreign exchange reserves as an "atomic weapon", but the use of an ostensibly unconnected agency to convey diplomatic messages would not be out of character. Founded in 1994, Dagong is based in Beijing, and in 2008 its chairman Guan Jianzhong received a "special government allowance" - not merely a monetary prize but a sign of governmental approval.
America still has the world's largest economy, but of developed nations it is also one of the most dependent on refinancing in 2011 - third in GDP terms (27.6%) after Japan and Iceland, and first in absolute terms.
As early as 2007, Brad Setser gave evidence about the US' economic vulnerability to foreign sovereign wealth funds, to the USCC. The US-China "Strategic Economic Dialogues" also began that year and one suspects that some home truths were being told even then. Now the noises are being made more publicly and discordantly, if still at one remove from official sources.
It is getting more serious, and Dagong is not hopeful:
The United States, as the biggest country involved in sovereign debt crisis around the world, will continue its quantitative easing policy when the country is in danger, and the world credit war will be escalated due to the overflow of US dollars.
Clearly we are still at the shot-across-the-bows stage, but we have come a long way from four years ago.
http://seekingalpha.com/article/255210-global-credit-warfare-china-preparing-for-a-treasury-bond-sell-offChina may soon call time on Western quantitative easing. More worryingly, the language... more
-
-
Ron Paul constantly reminds us that money is created out of thin air, which is to say it's an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool of fear to make budget cuts that they selectively deem expendable.
Sure, they may think these cuts make them look "responsible," but ultimately it is still collectivism -- just more on their terms. Make no mistake; budget cuts in our corrupt systems are just another form of wealth redistribution. After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).
READ MORE: http://globalpoliticalawakening.blogspot.com/2011/02/engineered-economic-collapse.htmlRon Paul constantly reminds us that money is created out of thin air, which is to say... more
-
-
It's the shattering documentary that has been called superb (Entertainment Weekly), hypnotic and haunting (Time Magazine) and so masterfully made it s impossible to look away (AllMovie.com). COLLAPSE is the story of Michael Ruppert, former Los Angeles police officer turned rogue reporter whose eerie prediction of the current financial crisis shocked millions. Now Ruppert is warning of a new meltdown, one rooted in oil, economics, and covert U.S. policies that are leading us all towards unprecedented global disaster. Is he a prophet who can clearly see America s terrifying future, or a conspiracy theorist fueled by fear and paranoia? And if Ruppert is right, can this slide into catastrophe be stopped? Experience this sometimes harrowing, often poignant and always riveting look into the mind of the ultimate outsider from filmmaker Chris Smith, the award-winning director of American Movie and The Yes Men.
-----------------------------
Are you ready to say no to the Veri-Chip?
http://www.youtube.com/watch?v=NHrKt-wM5jg&It's the shattering documentary that has been called superb (Entertainment... more
-
-
In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as "you’re going to pay $25 for a loaf of bread pretty soon" and "we could end up being another Egypt", Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.
Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching....
http://theeconomiccollapseblog.com/archives/even-donald-trump-is-warning-that-an-economic-collapse-is-comingIn a shocking new interview, Donald Trump has gone farther than he ever has before in... more
-
-
Dagum
-
added this
-
1 year ago
- |
-
In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as "you’re going to pay $25 for a loaf of bread pretty soon" and "we could end up being another Egypt", Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.In a shocking new interview, Donald Trump has gone farther than he ever has before in... more
-
-
A video of a scary yet real possibility of what could be heading our way.
Hard hitting video will give you the chills!! A must see!A video of a scary yet real possibility of what could be heading our way.
Hard... more
-
-
The world wakes, the slave masters tremble.
http://www.youtube.com/watch?v=tJlw0FbJmsM
-
-
Consumer prices are moving unevenly across the world. Economic growth, supply and demand, currency values and a variety of other factors drive consumer prices up -- inflation -- or down -- deflation. Bars and figures show change from a year earlier in consumer price indexes.
----------------------------------------------
They will continue because there is no choice.
http://graphicsweb.wsj.com/documents/INFLATION1101/INFLATION1101.html#view=ecSizeDESCConsumer prices are moving unevenly across the world. Economic growth, supply and... more
-
-
Final tactic is to turn people against each other. 3rd world America coming soon.
NSA-Safe but broke.
No more color coded threat level sponsored by life savors and skittles.
Thankful for soldiors killing innocent children and women.
Thankful for the police killing our citizens.
Thankful for border patrol killing children.
Thankful for the TSA groping women and causing Physiology stress.
Thankful for your cooperation against your own interests.
---------------------------------------------------------
"If you see something, say something"........... "To protect the country".
http://www.fcic.gov/watchFinal tactic is to turn people against each other. 3rd world America coming soon.... more
-
-
What could cause an economic collapse in 2011? Well, unfortunately there are quite a few "nightmare scenarios" that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the global price of food just hit a new record high. Food riots are already breaking out all over the world. Meanwhile, the rampant fraud and corruption going on in world financial markets is starting to be exposed and the whole house of cards could come crashing down at any time. Most Americans have no idea that a horrific economic collapse could happen at literally any time. There is no way that all of this debt and all of this financial corruption is sustainable. At some point we are going to reach a moment of "total system failure".What could cause an economic collapse in 2011? Well, unfortunately there are quite a... more
-
-
By David P Shirk
Over the news we have been hearing about the idea of congress raising the debt ceiling. It has been pointed out that if it is not raised, then many entitlements will not be paid. On the flip side if the debt ceiling is to be raised even higher to cover the cost of all the programs that were promised, then there will be no way to meet that debt no matter what you raise taxes to. Indeed both of these options present some very serious problems.
If government entitlements and are not paid, and other contracts are not honored, then there is a very high chance that riots will indeed ensue when peoples dependency on receiving government checks is severed. However if the debt is raised to meet those contracts and entitlements for the coming year, then the amount of resulting debt extension will make the consequences for the following year more dire. Qe2 will not suffice as it still results in more government debt that we the people are bound as citizens to pay. Monetizing the debt (increasing the money supply to meet the debt), will only result in even greater damage for reasons to numerous to name.
Yet as serious as this problem sounds, it is at this point irrelevant. The amount of unfunded debt from 2010 going into this year (which is far more than merely raising the debt ceiling can cover) remains a problem that I have not even seen the news address yet (for more information on the exact amount and to whom it is owed, go to http://www.treasurydirect.gov/govt/reports/pd/pd.htm and for the exact breakdown, go to http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_dec10.pdf ). What you must keep in mind is that the number 4,624,007 is not expressed in the dollar amount, but rather in the millions, meaning that the real rolled over debt is 4,624,007,000,000 – 4.6 trillion.
Politicians on the hill have grown complacent to this number. After all, the same number at the end of 2008 was 4.3 trillion. So if we can continue to carry over debt from one year into the next without a catastrophe, why should they pay it any notice? Given this simple way of looking at things, it would seem like the debt can be allowed to simply continue to go up.
Yet here is the part that no politician wants to mention – how the debts were funded, and how were they rolled over. Heck, your average US subject would never even bother to go to http://www.treasurydirect.gov/govt/reports/pd/pd_sbredemptionsissuesbyseries.xls , and find out how this happens. This oversight of tracking how the debt is funded is what will cause the catastrophe. If you want a real jaw dropper as to the impending danger of what is happening, I encourage you to open the link. The amount of bonds outstanding (the money received by the government for the sale of the bonds), is not nearly enough to meet the debt rolled over from 2010 into 2011, let alone to fund this year’s budget. This is why the raising of the debt ceiling is irrelevant. The outstanding debt was 4.6 trillion – the amount of bonds it had to back it was only about 2.2 trillion, meaning that for the first time, we have 2.4 trillion dollars of debt, and absolutely no way to answer it.
In 2008 people like Peter Schiff, Gerald Celente, and Ron Paul warned of this danger. Yet so blind are most people to the nation’s economy, they laughed at them. The three people I just mentioned attempted to break the problem down into laymans terms knowing that most people would be lost if they dug into the specifics – and because people attack what they do not understand, they mocked them. The sad reality is that people missed the point of their arguments completely, and what is coming very soon is the result.
Yet those 3 (amongst many others) made 1 last warning knowing that the spending of government would not slow – and that was the danger of monetizing the debt. Monetizing the debt would mean that the FED would simply print the money into existence. Outside of running the very high risk of creating hyperinflation, there is of course another danger.
The Federal Reserve is not a government entity. It is a private banking institution owned by people who have little to do with our government. Their sole responsibility was to create a ....
http://www.peacefreedomprosperity.com/?p=3872By David P Shirk
Over the news we have been hearing about the idea of congress... more
-
-
Bankers may have surpassed lawyers and child pornographers as the country's most reviled people. They did this through tanking the world economy and extorting money and property from customers and the government...and complaining they weren't paid enough to do it. A recent informal Vanity Fair poll indicated 56% of banking greedheads felt their bonuses were too small.Bankers may have surpassed lawyers and child pornographers as the country's most... more
-
-
Activist Post reviews National Bestseller, How to Survive the End of the World as We Know It, by author James Wesley, Rawles (makes an important Christmas gift)
Activist Post
It's a sure sign of the times that a book titled, How to Survive the End of the World as We Know It: Tactics, Techniques and Technologies for Uncertain Times becomes a National Bestseller. First printed a year after the October financial crash of 2008 when the world awoke to the fragility of the "system," author James Wesley, Rawles offers a pragmatic and thorough guide to survive other potentially more severe future crashes.
The book does not go into extended detail about what may trigger the breakdown of civilization, but uses its precious 316 pages to inform readers of how to prepare for nearly any disaster. Many survival books are great references to have in your library should a disaster take place, but this book is essential to read and implement well before disaster occurs.
Author, Jim Rawles, a former U.S. Army Intelligence Officer and founder of the very popular website SurvivalBlog.com, not only talks the talk, but also walks the walk. He lives on a fully self-sufficient and well-stocked retreat "somewhere west of the Rockies." Upon reading the book, one thing is apparent: Rawles has written this book not as a "what if" guide, but rather a "when it happens" guide. The tone of urgent pragmatism enhances the assumption that disaster is not only inevitable, but perhaps imminent.
Rawles suggests that the collapse of America will likely be triggered by economic circumstances, notably the death of the dollar, which will then cause a domino effect where civilization as we know it will breakdown into chaos. The book describes the collapse of American society in brief detail, explaining that supply lines for food and fuel will likely grind to a halt, forcing a mass exodus of people out of cities into the suburbs and countryside. He also outlines how the government will be completely crippled by this ensuing anarchy due to the rapid increase in desperation and decrease in essential services. Despite this "most likely" scenario, Rawles also prepares readers to survive events like nuclear attacks on American soil.
Read More: http://globalpoliticalawakening.blogspot.com/2010/12/how-to-survive-collapse-of-america.html
http://www.amazon.com/dp/0452295831?tag=gpa0d-20&camp=213761&creative=393545&linkCode=bpl&creativeASIN=0452295831&adid=05NQV8GEXQ21EDF2B7EJ&Activist Post reviews National Bestseller, How to Survive the End of the World as We... more
-
-
When Americans Lose Everything, They Start To Lose It
Wednesday, December 15, 2010
As Gerald Celente has often warned, when Americans lose everything, they will start to lose it, and nowhere was that more apparent than in the case of Clay Duke, the 56-year-old gunman who opened fire on school board members in protest against his wife being fired and his unemployment benefits running out.
Duke spray-painted a V for Vendetta sign on the wall before brandishing a gun and telling everyone apart from the school board members to leave the room. Watch what happened next in the video below.
The response to this tragic series of events from both the establishment left and the establishment right will undoubtedly be to try and portray Duke as a nutcase conspiracy theorist whose views are an example of why free speech on the Internet needs to be curtailed, despite the fact that both on his Facebook page and another website he recommended, Duke promoted websites from across the political spectrum, including Media Matters, who are usually the first to exploit tragic events like these to sling mud at their political adversaries.
The fact that no one was injured and that Duke ultimately claimed his own life has contributed to him becoming a martyr in the Michael Douglas Falling Down mould rather than being considered a deranged lunatic, and Facebook pages in his honor are already attracting members. Duke was stopped when shots from a security guard wounded him, before he took his own life. Despite the fact that it was a gun that stopped the rampage, Time Magazine and others are already blaming the tragedy on the Second Amendment.
Duke linked to a number of different websites, including Media Matters.
In a de-facto online suicide note posted on Facebook, Duke railed against the financial terrorists that prompted him to take such a drastic course of action.
“I was just born poor in a country where the Wealthy manipulate, use, abuse, and economically enslave 95% of the population. Rich Republicans, Rich Democrats… same-same… rich… they take turns fleecing us… our few dollars… pyramiding the wealth for themselves,” he wrote. “The 95%… the us, in US of A, are the neo slaves of the Global South. Our Masters, the Wealthy, do, as they like to us…”
(ARTICLE CONTINUES BELOW)
Stock up for the Holidays with eFoodsDirect and get FREE Shipping!
This goes far deeper than someone violently acting upon political grievances. Duke’s actions were solely guided by his economic woes, the fact that his wife had lost her job, that the unemployment benefits had run out, and that the future offered no hope whatsoever.
This is a future that millions more Americans will have to face in the coming years as the unemployment rate, which is really at around the 20 per cent level, continues to accelerate.
As we warned back in June, we are in the early stages of a new “age of rage,” which will be characterized by riots, revolutions and a widespread backlash against the economic holocaust that has been unleashed by the global elite.
Unfortunately there will be many more Clay Dukes over the coming years, there will be more Americans who lose everything and decide that the best way out is simply to lose it altogether.
Full video here:
http://www.prisonplanet.com/when-americans-lose-everything-they-start-to-lose-it.htmlWhen Americans Lose Everything, They Start To Lose It
Wednesday, December 15,... more
-
-
Is imitation the sincerest form of flattery? Should we be elated or alarmed that Fox News host Glenn Beck now sounds almost identical to Alex Jones? Earlier this week on his television program, Beck talked about Pentagon war games which featured National Guard soldiers training to take on protesters holding signs with the words “FOOD NOW” scrawled on them.
On Beck’s website TheBlaze.com, a lengthy article appeared in which the author warned that the military is “preparing its domestic response to a potential economic collapse” focused around “civil unrest over lack of food caused by a financial crisis”.
Of course, we were talking about all this years ago but at the time, Beck labeled us “domestic extremists” for doing so. Has Beck had a complete change of heart? His 180 degree flip regarding Wikileaks’ Julian Assange in realizing that the threat posed by those who wish to abolish free speech in the United States is far greater than any harm done by Wikileaks itself suggests that Beck is starting to see beyond the left-right paradigm.
We’ve asked the question time and time again but with no real answer. If Beck continues to talk like this, will Fox News allow him to stay on air? Or is the whole thing all part of a revelation of the method process?
Beck is on the verge of going head to head with the same military-industrial complex that will enforce any martial law scenario, the same entity that funds and controls the corporate media which provides Beck with his platform.
This dichotomy seems irreconcilable, but it’s certainly going to be interesting to see how such a seemingly discordant conflict plays out in the long run.
http://www.prisonplanet.com/glenn-beck-channels-alex-jones-economic-crisis-food-riots-martial-law-coming.htmlIs imitation the sincerest form of flattery? Should we be elated or alarmed that Fox... more
-
-
There is no denying our world is screwed, with climate change and peak oil representing the two most formidable problems we face today. While many "experts" maintain that the economic collapse was unforeseeable, at least one man predicted the entire fiasco. In the wake of Michael Ruppert's 2009 film Collapse, battle lines have been drawn, transition towns are creeping into the mainstream, and it has become a well-established fact that the debate for sustainable models that end addiction to oil is no longer necessary. Unfortunately, not many know what to do, albeit to localize the movement in conjunction with small businesses and city/state governments.
The federal government is compromised, the mainstream media is compromised, Corporations' profits are ballooning while the wealth of the planet is becoming concentrated in the hands of billionaires...and all the while populations are at war with their governments, demanding transparency and democratization and the end of human abuses. Default is tearing the European Union apart while the American people are being raped by banks. While Wikileaks may have done us all a great service in providing the global population with clarity regarding the nature of our world leaders, it offers little in the way of real solutions. Forget anger, let's come to terms with our common plight and start to finally dismantle the empire of disorder.
I would say legalize weed, but we probably all know that needs to be done by now. In the meantime, start transforming your mind, house, and community in a way that maintains complete independence from the corruption and greed of the most powerful institutions around.
Good Luck (and don't tell the Tea Party!)
http://www.countercurrents.org/comstock301110.htmThere is no denying our world is screwed, with climate change and peak oil... more
-
