While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the past, the masses were so ill informed by the mainstream media during the Great Depression that most people had no idea they were actually in the midst of an “official” depression until years after it began. The chorus of economic journalists of the day made sure to argue consistently that recovery was “right around the corner.” Our current depression has been no different, but something is about to change.
Unlike the Great Depression, social crisis will eventually eclipse economic crisis in the U.S. That is to say, our society today is so unequipped to deal with a financial collapse that the event will inevitably trigger cultural upheaval and violent internal conflict. In the 1930s, nearly 50% of the American population was rural. Farmers made up 21% of the labor force. Today, only 20% of the population is rural. Less than 2% work in farming and agriculture. That’s a rather dramatic shift from a more independent and knowledgeable land-utilizing society to a far more helpless and hapless consumer-based system.
Of course, the powers-that-be are not really interested in protecting the American people from themselves. They are interested only in positioning their own finances and resources in the most advantageous investments while using our loss and fear to extract more centralization, more control and more consent. Thus, the hiding of economic decline is enacted because the decline itself is useful to the elites.
And just to be clear for those who buy into the propaganda, the U.S. is indeed in a speedy decline.
"Market turmoil is a guarantee given the fact that banks and corporations have been utterly reliant on near-zero interest rates and free overnight lending from the Fed. They have been using these no-cost and low-cost loans primarily for stock buybacks, purchasing back their own stocks and reducing the number of shares on the market, thereby artificially elevating the value of the remaining shares and driving up the market as a whole. Now that near-zero lending is over, these banks and corporations will not be able to afford constant overnight borrowing, and the buybacks will cease. Thus, stock markets will crash in the near term.
This process has already begun with increased volatility leading up to and after the Fed rate hike. Watch for far more erratic stock movements (300 to 500 points or more) up and down taking place more frequently, with the overall trend leading down into the 15,000-point range for the Dow in the first two quarters of 2016. Extraordinary but short lived positive increases in the markets will occur at times (Christmas and New Year’s tend to result in positive rallies), but shock rallies are just as much a sign of volatility and instability as shock crashes."
I have said it many times and I’ll say it yet again: If you think the Fed’s motivation is to prolong or protect the U.S. economy and currency, then you will never understand why it takes the policy actions it does. If you understand and accept the fact that the Fed is a saboteur working carefully and incrementally toward the destruction of the U.S. to make way for a new globally centralized system, everything falls into place.
To summarize, the U.S. economy as we know it is not slated to survive the next few years. Read my article 'The Economic Endgame Explained' for more in-depth information on why a collapse is being engineered and what the openly admitted goal is, including the referenced 1988 article from The Economist titled “Get Ready A World Currency In 2018,” which outlines the plan for a reduction of the dollar and the U.S. system in order to make way for a global basket reserve currency (Special Drawing Rights).
It is astonishingly foolish to assume that even though the U.S. has held the title of king of global consumption share for decades, that our economy is somehow not a primary faulty part in the sputtering global economic engine. Economies are falling because demand is falling. Demand is falling because Americans are not buying. Americans are not buying because Americans are broke. Americans are broke because central bank policy has created an environment of wealth destruction. This wealth destruction in the U.S. has been ongoing, but only now is it becoming truly visible. The volatility we see in developing nations is paltry compared to the financial chaos we now face. Anyone who attempts to dismiss the dangers of a U.S. breakdown or the threat to the unprepared public is either an idiot, or they are trying to divert and distract you from reality. The coming months will undoubtedly verify this.
For the better part of the last decade, you’ve probably heard the politicians and the media tell you the same thing, over and over again. “We’re on the road to recovery” or “the Great Recession is over.” You gotta love how they call it the “Great Recession,” as if it was as bad as the Great Depression, but they can’t quite bring themselves to call it that.
Unfortunately, this lukewarm recovery has come at a cost. Normally, a recovery doesn’t cost a single dime to society, because a real recovery involves letting the chips fall where they may. Companies go bankrupt, the crooks go to jail, and cuts are made to balance the budget. Once the chaff is cut from the economy, new investments can get the ball rolling again, and everyone has more opportunities. The net balance of society as a whole, is in the black.
We didn’t get that after the last recession. Instead, all of the gains our economy has made over the past 8 years have been paid for with debt, both public and private. Our government’s debt has grown from $9 trillion to $18 trillion since 2007. When private debts are included from both individuals and companies, America is $60 trillion in the hole. Globally, debts grew from $142 trillion to $199 trillion between 2007 and 2015.
Jeez, fake recoveries are expensive.
So what happens to all these debts when our country inevitably runs into another recession? Either the debt bubble will pop, or we will accumulate more debt to sustain another paltry recovery. Now that the markets are looking shaky, and it’s become apparent that we’re about to enter another recession, we will be faced with both of those possibilities. Though in all likelihood, our debts are so massive that they have no more room to grow. We can’t inject anything else into the system without it bursting at the seams. At least, that’s what one economist and central banking insider recently admitted to the Telegraph.
“Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” he said.
“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos.
That will be the real breaking point. Somehow, there is this mass illusion that the debts we have will eventually be paid off. Or perhaps, the world knows they won’t be paid off, but we all just keep pretending that they will so the show will go on. At some point however, these debts will become impossible to ignore and unavoidable. At that point, people, governments, and private companies will stop paying them, either by choice or because they can’t afford them.
When that happens, the whole house of cards is going to come crashing down. Considering the fact that all the money and assets in the world amounts to about $241 trillion, and the world’s debt is at around $200 trillion, it’s safe to say that the results will be catastrophic. A significant chunk of the world’s wealth is just going to evaporate. So buckle up, this next recession is going to be a doozy.
At the end of Obama's second term, it is estimated the national debt will be 20 trillion dollars. Most of this money has gone to frivolous spending by the Federal government, as well as been stolen by various government officials, using the excuse that astronomical sums of money are m
In looking at the numbers, we find that most of the 20 trillion debt is accountable in lost funds.
Since 9-11, the US has spent 6 trillion dollars on the war on terrorism. When everything is taken into account, we find massive frivolous spending. From various wars that have accomplished nothing to a massive increase in security measures that, for the most part, only scrutinize American citizens, not international terrorist groups.
The day before the events of 9-11, Secretary of Defense Donald Rumsfeld announced that the Pentagon essentially lost 2.3 trillion dollars.
On February 28, 2011, Congressman Alan Grayson posted news of 9 trillion dollars missing from the Federal Reserve.
The 8000 tons of gold broken down into ounces comes out to about 256 billion dollars.
Money wasted on climate change lie since 1993 to now amounts to close to 200 billion dollars.
The Affordable Care Act has already cost the country over 250 billion dollars, even with the outrageous rates and taxes associated with it. By 2025, it is estimated the total cost of Obamacare to be around 1.3 trillion dollars.
No matter how you look at it, the US has such an astronomically high National debt of around 19 trillion dollars admitted.
Currently, adding the trillions simply missing and the trillions wasted by the Federal government on frivolous spending, we have a sum of over 24 trillion dollars. In taking only the missing trillions into consideration we have just over 18 trillion dollars, almost exactly the same as the admitted current National debt of 18 trillion. Thus, what we have here is a case of our so-called elected officials massively ripping us off while wasting our money at the same time.
The heist our government officials in Washington have pulled off on the American people is treasonous. With this in mind, one can see how most politicians will vote against the will of their constituents in favor of the socialist agenda because some of the missing trillions are being used as bribes.
The National debt is the biggest heist perpetrated on the American people in history, and by their own government.
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