Archive for the ‘Economic Views’ Category

This clip discusses key differences between the gold boom of 1980 and today.  What we are seeing today is nothing like 1980.   As I have said many time the real bubble is US Dollars and US Treasuries.  What we are seeing is the Federal Reserve desperately trying to hold onto their global reserve status and going to war with anyone who will not accept dollars. 

When you look under the war propaganda surface you will see most countries we attack either stopped excepting dollars, in the process of not accepting dollars or they were in the process of trying to create a sound currency backed by gold. 

Iran for example has is not excepting dollars for oil, while excepting gold bullion or other currencies.   This act alone makes war with Iran imminent. 

The head of the snake is the Federal Reserve who is desperately trying to hold on to their power.

Peter Schiff appeared on Fox Business January 17, 2012 arguing that U.S. debt is out of control, and the situation in the U.S. is much worse than Europe.

Peter Schiff was one of the few economists who warned us in 2008 the crisis was coming.   Of course the controlled media ignored his warning, Schiff was scoffed at as far back as 2006. It seems that his new warnings of a greater collapse are also being ignored.  Folks like I have said it’s time not to be fearful but prepare for the worse.  The US is heading towards economic collapse, there is no one in power who is doing anything to fix our problems.

 

If you have never watched this interview please take time to watch.  Aaron Russo discusses the Federal Reserve, insider information from the Rockefeller Family, the war on terror, the elites game plan for society, 9/11 and much more.  Once you start watching this interview you will be hooked.  This is a very powerful interview that you don’t want to miss. 

It’s time to break through the propaganda we hear daily and open your eyes to reality.

Readers of this blog have been preparing for the upcoming inflationary depression.  Food prices are gaining momentum due to dollar devaluation.  We understand the media will tell you these soaring prices are because of  weather, well we are here to say bull sh*t.  If you had to break down the increase of food prices on a percentage basis we would say 15% is due to weather/population and 85% is due to the currency war. 

Moving forward we can expect momentum to accelerate.  Products such as food, energy, healthcare and education will explode higher.   Food prices in all likely hood will go parabolic.  Americans spend about 15% of their budget on food, while most of the world spends an estimated 40% on food.  I expect Americans to join the rest of the world in 2 to 5 years.  The only reason why we are not spending 40% to 50% of our income on food is the dollar is still the world reserve currency, however this is changing.

Article Here

The Economic Collapse Blog posted an article called “Austerity In America: 22 Signs That It Is Already Here And That It Is Going To Be Very Painful”.   Well folks austerity is going to be painful and worse austerity will do nothing to solve the problem.  I do believe the US needs to cut spending, however if you do not fix the real problem then it doesn’t matter how much you cut.  What is the real problem?  The real problem is the $1.5 quadrillion in worthless derivatives, much of which is now on the US Treasury balance sheet or in your pension plan. The other major problem is none of the criminal banksters who caused the problem have gone to prison, confidence will not be restored until the criminals that caused this nightmare go to prison. 

Both parties will likely have bipartisan agreement in slashing social security along with many other drastic cuts in the very near future.  Isn’t it ironic that social security “fails” right at the time baby boomers are ready to retire and take advantage of the money they put into the system.  Here is the dirty little secret about social security, it was designed to fail after robbing us blind utilizing “IOU’s”.  There was never any intention on paying out Social Security or reimbursing IOU’s.  Welcome to the USA ran by criminal banksters.  Banksters have used this same formula in coutless countries around the world.  When the economy finally goes into complete collapse banksters will buy up much of the key infrastructure, real estate, food supply, etc. with money they created for FREE out of thin air.  What an advantage criminal banksters have in our corrupt system.  Remember this famous quote?

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Thomas Jefferson

Below are a few facts found on the Economic Collapse Blog.  The full article can be found at the bottom of this post.

#1 The financial manager of the Detroit Public Schools, Robert Bobb, has submitted a proposal to close half of all the schools in the city.  His plan envisions class sizes of up to 62 students in the remaining schools.

#2 Detroit Mayor Dave Bing wants to cut off 20 percent of the entire city from police and trash services in order to save money.

#3 Things are so tight in California that Governor Jerry Brown is requiring approximately 48,000 state workers to turn in their government-paid cell phones by June 1st.

#4 New York Governor Andrew Cuomo is proposing to completely eliminate 20 percent of state agencies.

#5 New York City Mayor Michael Bloomberg has closed 20 fire departments at night and is proposing layoffs in every single city agency.

#6 In the state of Illinois, lawmakers recently pushed through a 66 percent increase in the personal income tax rate.

#7 The town of Prichard, Alabama came up with a unique way to battle their budget woes recently.  They simply stopped sending out pension checks to retired workers.  Of course this is a violation of state law, but town officials insist that they just do not have the money.

#8 New Jersey Governor Chris Christie recently purposely skipped a scheduled 3.1 billion dollar payment to that state’s pension system.

#9 The state of New Jersey is in such bad shape that they still are facing a $10 billion budget deficit for this year even after cutting a billion dollars from the education budget and laying off thousands of teachers.

#10 Due to a very serious budget shortfall, the city of Newark, New Jersey recently made very significant cuts to the police force.  Subsequently, there has been a very substantial spike in the crime rate.

Full Article Here