Just how deep does the rabbit hole go?
Posts tagged collapse
Peter Schiff & Doug Casey On Gold, Investor Cluelessness, And The “Escape From America” Plan
03 months ago
Source: http://www.zerohedge.com
By Tyler Durden
In just under 30 minutes, Peter Schiff and Doug Casey muse on many facets of the crumbling edifice of the status quo that is our current world.
From Gold’s relatively imminent rise to $5,000 and beyond, to investor ignorance of reality, Casey & Schiff swing from discussions of the US as political entity going forward to ‘escape from America’ plans for personal and wealth assets, and the realization that the biggest casualty (of US indebtedness), aside from individual liberty, is the value of the dollar – as taxing the middle class is unpopular with both parties – leaving only one route for the government – the inflation tax. Owning gold, silver, and foreign assets is preferred and while the rest of the world is also printing, the US is likely to beat them all.
People “are clueless with respect to the true state of the global economy,” with regard to inflation, fiat currencies, and specifically what will happen to the dollar. The conversation is wide-ranging and absolutely must-see as they remind market-watchers that “the whole thing is artificial,” as you can’t just keep printing money and monetizing debt without the dollar imploding with monetary policy descending (along with its trillion dollar coin) into ‘Three Stooges’ comedy.
The conversation weaves to some endgame discussions which bring Peter to discuss his father, who he sees as a political prisoner, and his views on the future…
“the biggest change that is coming to the global economy is a realignment of global living standards.”
There is something here for everyone…
Goldman Sachs Alumni Mark Carney Is Governor of the Central Bank of England
05 months ago
Source: http://occupycorporatism.com
By Susanne Posel
Occupy Corporatism
November 27, 2012
Chancellor George Osborne has named Mark Carney, who is the current governor of the Bank of Canada and Chairman of the Financial Stability Board of the G20, has been chosen for governor of the Bank of England and successor to Mervyn King.
In April it was revealed that Carney was being “informally approached as a potential candidate to replace King as head of the central Bank of England in June of 2013.”
Obsorne explained that Carney brings “strong leadership and external experience the Bank needs.” Carney and his leadership in Canada were recognized for having weathered the central banking schemes “better than any other Western country.”
The Bank of England, established 318 years ago, is expected to take a new direction under Carney’s leadership – a suspected necessity for the technocrats to gain stronger hold over the financial markets. There are rumors that the incessant printing of fiat will be curbed because of its inability to stimulate the global economy. This strategic move may also ensure that the City of London can repair its reputation.
Carney’s position as governor of the central Bank of England will last for 8 years; however Carney has indicated that he expects to serve for 5 years and hand over the position in 2018.
Carney appears to be a solid choice, as he has not been tainted by the planned implosion of the global financial market that was the Crash of 2008. He also has a long history with the technocrats. Carney was employed by the Goldman Sachs Group, Inc in the City of London. He also worked at Goldman Sachs locations in Tokyo, New York and Toronto. Carney has a masters and PhD degree from the globalist-funded Oxford University.
Yet Carney’s involvement in the 1998 Russian financial collapse that Goldman Sachs created seems to have escaped the mainstream media’s memory. In response, and to divert attention, Carney used precise coercion to convince the Russian government to become indebted to Goldman Sachs as a saving grace from the devastation that the crash threatened to produce.
Like any good technocratic institution, Goldman Sachs came to the “aid” of the Russian government with loans to the tune of $1.25 billion to be used for purchasing bonds. This scheme was not enough to save the nation, and just like clockwork; the Russian government defaulted and was indebted to Goldman Sachs.
BLACK FRIDAY: AMERICAN WAGE SLAVES FIGHT OVER CHINESE SLAVE GOODS
05 months ago
in WTF?
Source: http://21stcenturywire.com
By Patrick Henningsen
21st Century Wire
How does it make you feel when you see people fight like animals – over something like a new iPhone or Samsung mobile phone?
You can tell the health of the tree by the quality of its fruits. America, as is evidenced by this week’s annual materialistic ritual known as ‘Black Friday’, has produced this particularly rotten fruit, consistently. It’s getting way too predictable for our liking.
The name “Black” joined with Friday, in itself, is worth looking at – in all its Satanic symbolism.
Why do they try to market this event as some sort of national holiday and call it “Black”?
It all started with the Cabbage Patch Doll uprisings back in the 1980′s. It seemed like a fluke at the time. But the trend has raged on, and on. An epic battle for a load of cheap plastic made in China and Vietnam, mostly by women and children on a dollar a day.
Quite simply, it’s a victory for worldly goods, over humanity, as people worship brands like gods for sale. The devil’s handiwork, no less.
In reality, Black Friday is nothing more than a collective con – a nonevent, made to appear as an event.
American wage slaves who have witnessed such riots like in the videos below, should know by now that America’s once coveted status as the progressive world’s cultural leader – more and more it’s looking like ‘American exceptionalism’ could be the stuff of 20th century history already.
Those who have taken part in the Black Friday ritual should also know that their rulers are indeed laughing at them right now – as they watch their social engineering master plan come to fruition – reduced to a shallow pulp of mindless consumerism currently in the process of eating itself.
The remaining, mentally challenged chattering classes, will also watch these ugly scenes and then sit and argue whether Black Friday riots are the result of an Obama or Romney victory, as if. This level of sub-intelligence is what killed American democracy – another victory for the elite.
On a foreign policy note, if you are an Arab watching these scenes below, you might want to ask yourself, if this is what Barak Obama and Hillary Clinton were talking about when they waxed lyrical during your Arab Spring (that wasn’t) about the virtues of exporting ”American values of freedom and democracy”?
Imagine when the dollar collapses – how ugly would that look. Empty supermarket shelves. How would Americans treat each other then?
It’s become a pathetic tradition, in what is way past the point of national embarrassment, but it’s not – instead, they promote it…
Watch as it gets even uglier…
Montana State Rep. Asks to Be Paid in Gold, Cites Threat of Dollar Collapse By Federal Reserve
16 months ago
Source: http://libertycrier.com
Ron Paul’s stance on sound money and the gold standard is resonating more and more among Americans. In a recent interview with Fox Business, State Rep. Jerry O’Neil, (R-Mont.), explains why he wants the state legislature to pay him in gold coins.
IMPORTANT SINKHOLE UPDATE: Oct. 16, 2012.2
07 months ago
Published on Oct 16, 2012 by pinksapphiret
SINKHOLE UPDATE: Declaration of Emergency and Directive….
WEBSITE: ENENEWS
http://enenews.com/state-additional-migration-oil-possible-based-assumed-inst…
no copyright infringement is ever intended
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Solutions for the Economic Collapse (video)
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I am very happy to hear that James Corbett is now given the green light to upload full length videos. Tune into his site, check the videos and pod casts and remember to share! James can also be found on Twitter @corbettreport.
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Source: http://www.corbettreport.com
Posted by Corbett
Podcast: Play in new window | Download
Everyone knows the gravity of the situation. Our civilization is poised on the edge of a giant derivatives-fueled debt bubble that is threatening to take the entire global economy down with it when it pops. Governments are throwing funny money at the problem hand over fist in coordinated quantitative easing campaigns to kick the can down the road a while longer. The end is inevitable: we are heading toward the collapse of our current monetary system. The question, as always, is what can we do about it. Join James tonight on Corbett Report Radio as he breaks down the problem and offers his solutions.
CLICK HERE to download the mp3 audio of this radio broadcast.
World War III: the unthinkable cost of preserving the petrodollar
28 months ago
Source: http://www.pakalertpress.com
As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse was the petrodollar system. Due to its significance, we felt that this subject deserves its own article. If you have never heard of the petrodollar, don’t be surprised. There’s a good reason for this. No major news network will dare touch this subject because if this information was ever to become public knowledge, politicians would find it next to impossible to convince American people to support any more wars. Public approval of wars is only possible as long as people remain ignorant of the primary driving force behind our foreign policy. The reason you haven’t heard of the petrodollar system is because our government wants you to think that we start wars to spread democracy.However, if you want to distinguish truth from propaganda, if you want to know the real reasons behind the global conflicts in our recent history, you must first learn about the petrodollar system. Without this crucial piece of info, you will have a hard time understanding what really happened in Libya, what’s happening in Syria right now and what’s going to happen in Iran next.
http://www.crisishq.com/why-prepare/world-war-3-preserving-petrodollar/
Why did NATO and the U.S. aid Libyan “rebels” in killing Gaddafi? Why was our government willing to support and arm the same terrorists that would later turn on our embassy and murder US Ambassador to Libya, Chris Stevens? Why was killing Gaddafi so absolutely imperative?
Why are we now doing the same thing in Syria? Why are U.S. operatives currently on the ground in Syria aiding Al Qaeda to topple Assad? Why are we willing to work along side known terrorists just to destabilize Syria and overthrow the regime there?
Why are we willing to risk World War 3 by attacking Iran, a key ally to Russia and China? Pakistan and North Korea already possess a nuclear stockpile, but Iran is years away from developing a nuclear weapon. Iran has no military capability to target the U.S. and it has not attacked another country since 1798. Yet the media is trying to convince us that we are weeks away from Ahmedinajad unleashing his non-existent weapons of mass destruction. Sound a little familiar? Have we heard this before, maybe?
So what is the petrodollar system and why is it so important? Why is the United States willing to trigger a new world war just to maintain the hegemony of the petrodollar? To get a proper perspective we need to start with a quick historical background:
Bretton Woods Conference
In July of 1944, as World War II was still raging, 730 delegates from all 44 Allied nations gathered in Bretton Woods, New Hampshire, to setup institutions and procedures to regulate the international monetary system and to establish the rules for commercial and financial relations among the world’s major industrial states.
The Bretton Woods Agreement established the dollar as the world’s reserve currency, which meant that international commodities were priced in dollars. The agreement which gave the United States a distinct financial advantage, was made under the condition that those dollars would remain redeemable for gold at a consistent rate of $35 per ounce. The fixed dollar to gold convertibility rate established a stable platform for global economic growth.
The CRASH Commeth! Reuters: Fed tells its 5 Member-Banks to prep, to stave off coming collapse!
09 months ago
Source: http://www.dailypaul.com
Exclusive: U.S. banks told to make plans for preventing collapse
Photo added to original post, originally post on http://chrisinmaryville.net/mega-banks-plan-for-collapse-with-contingency-plans-and-private-police-force.html
(Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
By Rick Rothacker
Fri Aug 10, 2012 8:41am EDT
The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.
Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks’ problems during the financial crisis.
According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks – which also include Citigroup Inc,, Morgan Stanley and JPMorgan Chase & Co – to come up with these “recovery plans” in May 2010.
Courtesy of LRC:
‘U.S. banks told to make plans for preventing collapse’
Posted by Lew Rockwell on August 10, 2012 11:41 AM
Like adopting 100% reserves? Nope. The inherently bankrupt will stay that way, until—no matter what this article claims—they need a few trillion from the Fed.
Mega-Banks Plan for Collapse with Contingency Plans and Private Police Force
09 months ago
Source: http://occupycorporatism.com
By Susanne Posel
Occupy Corporatism
The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis.
The Federal Reserve and the US Office of the Comptroller of the Currency (OCC) named Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. as well as others to devise “recovery plans” in 2010. Banks were directed to have schemes to remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”
Resolution plans , required under the 2010 Dodd-Frank financial reform law describe how to liquidate banking assets without causing further damage to a failing financial system. By selling “non-core assets” without upsetting shareholders while protecting the monetary system, taxpayers and creditors is the work of the mega-banks who have contributed solely to the destruction of the global financial markets.
Max Keiser: We’re in A Financial Holocaust
49 months ago
On the Sunday, August 12 edition of Infowars Live, Alex hosts Max Keiser discussing the ravaged state of the U.S. economy and fragility of markets as published in a recent Fox News article The Coming Economic Collapse.
http://maxkeiser.com/
http://www.infowars.com/
http://www.planetinfowars.com/
This is a work in progess, a self learning tool and fun little project. Please excuse the slow development as it seems the needed proper time is always lacking. It is my hope that the combination of content and links to other sources of information in this simple blog may help awaken a few of the sleeping masses and encourage and inspire others to initiate their own research, ultimately for each person to be a light to help awaken others. Opinions expressed belong to me, myself and I. Also, a big thank you to all that take the time to visit, it is appreciated :)
