Friday, May 4, 2012

The Coming Economic Collapse

Don't worry - this is all part of the plan - a plan which will ultimately lead directly into the Tribulation. Most people are completely unaware of this approaching financial storm:

The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs!

According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate.

Since the start of the last recession, the number of Americans not in the labor force has risen by more than 8 million according to the Obama administration. The total number of working age Americans not in the labor force now stands at 87,897,000....

So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.

So the truth is that the employment statistics that we are being fed are not portraying an accurate picture of what is really going on.

As a CNN article recently explained, there are millions of Americans that say that they would like to have a job even though they have not been "actively" looking for one in the past four weeks. If those people were included in the unemployment rate, it would immediately shoot up to around 11 percent....

A grim Ministry of Finance report circulating in the Kremlin today states that the shocking record rise this past week of the United States outstanding debt to $15.692 trillion (just $600 billion short of their debt ceiling) has pushed the world’s most powerful economy into a situation of its outstanding obligations now being 101.5% of its entire gross domestic product (GDP), which when coupled with Japan’s announcement (the world’s second most powerful economy) that they are following the US into the global Currency War all but seals America’s “national economic suicide.”

Brazil’s Finance Minister, Guido Mantega, coined the term “Currency War” in 2010 and has repeatedly blamed rate cuts by central banks in the US, Europe, and Japan, for unleashing a “monetary tsunami” that now threatens to destroy the entire Global economy.

Important to note, this report says, is that immediately after the 2008 Economic Collapse, the United States, Japan and the European Union were facing a “financial Armageddon” of historic proportions as nearly every major bank in the Western world all went broke at the same time.

In order to prevent the collapse of the entire global economic system, this report continues, the US Federal Reserve secretly conducted the biggest bailout in the history of the world to the tune of over $16 trillion which it gave to virtually every major bank and financial institution in America, the EU and Japan.

Though denied by the US that it is printing money, this report says, the effects of “money for nothing” are readily evident by anyone who buys anything and notices that with each passing week the prices of even the most basic commodities are rising faster than the wages that buy them.

One of the many examples outlined on this in the report is the price of gasoline in the US, where on 31 December 2008 it was at a then 5-year-low of $1.61 a gallon, but as of today is near $4.00 a gallon, all of which Russian Finance Ministry officials blame on the devaluation of the US Dollar because of the Federal Reserves printing of money to give to all of their broke banking elite “friends.”

In an act of “blatant hypocrisy,” this report continues, the US has gone so far as to attack their largest creditor, China, by blaming them for keeping their currency to high, while all the while ignoring the fact that the Chinese currency has appreciated by 31.4% against the US Dollar since mid-2005 due entirely to the Federal Reserve’s continuing to print what will soon become “worthless paper.”

So dangerous and reckless has the US become that Stephen Roach, the non-executive chairman of Morgan Stanley Asia, told Emerging Markets in a telephoneinterview this past week that, “It seems to me that the scale of this policy blunder is painfully reminiscent of the Great Depression in the 1930s.”

To how far the US, EU and Japan will go in continuing to destroy their economies is not known, but with new reports now showing that the United States is preparing military re-education prison camps for their citizens, the EU is being warned that it faces “uncontrollable protests,” and Japan faces an historic energy crisis after all of its nuclear reactors go offline tomorrow, one can only wonder where our world goes from here.

Also see:

Eurozone Unemployment Rate Hits Record High Of 10.9%

The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show.

The figures are expected to increase pressure on the region’s policymakers to take more pro-growth steps along with harsh austerity measures they have imposed on their people to fix their debt crisis, triggering incidents of social unrest and massive protests in many European countries.

Russia Does Not Rule Out Preemptive Missile Defense Strike

Syria Uprising Creates Chemical Weapons Concerns

It's Out There: Science Journal Publishes Details Of A Deadly Lab-Made Bird Flu That 'Could Cause Global Pandemic'

Hitler's Long Shadow Over Israel


Gary said...

Drudge is reporting:

SENIOR Eurocrats are secretly plotting to create a super-powerful EU president to realise their dream of abolishing ­Britain, we can reveal.
Also see Rapture Ready...they are reporting that a DHS official is reporting that they're getting ready for social unrest in the U.S.

PAAL said...

Thanks for another meaningful update, Scott. I learn so much via your postings.

I thought this interview with the chinese ambassador in Lebanon was interesting re: Chinas role in the Middle East.

"When it comes to the conflict with Israel, there is no doubt that Israel is the one occupying Lebanese land. This is clear. We defend the right of the Lebanese to protect their sovereignty."

Alice said...

I'm sure by now you've all seen this on Drudge:

What do you all, my fellow watchmen on the wall, think of it?

Scott said...

Getting ready to post it now

Anonymous said...





Oil way down, gold and silver up
BUT very little. Gold mining
stocks HAD A HUGE drop this week.

Dollar starting a BIG rally.

Deflation returning quickly
in the minds of market participants.

This is very dangerous. Current
EWI counts indicate a CRASH dead
ahead, a VERY powerful number 3 down.

Sorry i did not update recently,
I lost the URL to this site...
that is the reason for the QUIET.

I would NOT RULE OUT the rapture
coming that BEARS
are showing their true colors.

Stephen >>>>>>>>>>>>>>>>>

Ally said...

Please keep hands in feet in the ride at all times. Preferably raised in praise because the bottom is getting to drop out! If you havent drawn close, better get with the program!
The devil is a liar and we know it. But his team is looking for something pretty big to occur between may 20th and june 6. we have the g summit in chicago and that chaos, we have some giant earthquake predicted for msy 20th and a solar eclipse called a "serpent" eclipse oh and their is a giant missing atomic bomb floating around out there. I could go on and on.
bond.....james bond! Move over cuz Jesus Christ is getting ready to ride! Hes come to take us home baby!
I know it might get a little bouncy first.
Its jjust gonna polish us up s little bit.
Even stephen see it!
Oh what a May

Anonymous said...

Zep 1:11 Wail, you who live in the market district, because all of the merchants will be crushed and all of their customers will be eliminated.

Unknown said...

It is frightening to think about the possibility of an economic collapse. Being able to search for an income protection quote is one thing, surviving the collapse itself in the long run should be planned carefully.