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19 Warnings About A Coming Global Financial Catastrophe

Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us.  We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist”, unprecedented government intervention in business and massive amounts of new government debt and yet nothing seems to revive the global economy.  In fact, it looks like we are rapidly heading into the second dip of a “double dip recession”.  Unfortunately, many believe that this next dip will be more like a full-blown depression.  All over the world, top economic experts are warning that we are facing an unprecedented crisis of debt and insolvency that will result in a global financial catastrophe.  The eurozone is drowning in debt, the U.S. government is drowning in debt and major banks all over the globe are drowning in debt.  Global authorities have been trying to patch the system together and keep it going, but the incredible damage that all of this debt has done is now becoming apparent to everyone.  The global debt bubble that has fueled prosperity in the western world for the last several decades is getting ready to burst, and when that happens the chaos that will result will be absolutely horrifying.

The following are 19 warnings about a coming global financial catastrophe….

1. “Dr. Doom” Nouriel Roubini says that the rapidly approaching financial crisis will be even worse than 2008….

“Worse because like 2008 you will have an economic and financial crisis but unlike 2008, you are running out of policy bullets. In 2008, you could cut rates; do QE1, QE2; you could do fiscal stimulus; you could backstop/ringfence/guarantee banks and everybody else. Today, more QEs are becoming less and less effective because the problems are of solvency not liquidity. Fiscal deficits are already so large and you cannot bail out the banks because 1) there is a political opposition to it; and 2) governments are near-insolvent – they cannot bailout themselves let alone their banks. The problem is that we are running out of policy rabbits to pull out of the hat!”

2. John Embry….

“This situation is unprecedented. The world has never, ever been in a condition like this. As a result, anyone that is complacent here and says, ‘This is just business as usual,’ they are dead wrong and will be shocked at the chaos that is heading our way.”

3. Jim Rogers….

“Just because now you have a way to get them (the banks) to borrow even more money, this is not solving the problem, this is making the problem worse”

4. Prominent Spanish politician Felipe Gonzalez….

“We’re in a situation of total emergency, the worst crisis we have ever lived through”

5. Leader of the UK Independence Party Nigel Farage….

You know, this deal makes things worse not better. A hundred billion [euro] is put up for the Spanish banking system, and 20 per cent of that money has to come from Italy. And under the deal the Italians have to lend to the Spanish banks at 3 per cent but to get that money they have to borrow on the markets at 7 per cent. It‘s genius isn’t it. It really is brilliant.

So what we are doing with this package is we are actually driving countries like Italy towards needing to be bailed out themselves.

In addition to that, we put a further 10 per cent on Spanish national debt and I tell you, any banking analyst will tell you, 100 billion does not solve the Spanish banking problem, it would need to be more like 400 billion.

And with Greece teetering on the edge of Euro withdrawal, the real elephant in the room is that once Greece leaves, the ECB, the European Central Bank is bust. It’s gone.

It has 444 billion euros worth of exposure to the bailed-out countries and to rectify that you’ll need to have a cash call from Ireland, Spain, Portugal, Greece and Italy. You couldn’t make it up could you!

6. Peter Praet, chief economist at the European Central Bank….

“The eurozone crisis is now much more profound and fundamental than at the time of Lehman”

7. Graham Summers….

Angela Merkel is up for re-election next year. There is no way on earth she’ll opt to let Germany get dragged down by the EU. She’s even said she will not allow Eurobonds for “as long as [she] lives.”

This is not empty rhetoric. This is fact. Germany has expressed its intentions dozens of times in the last month: NO Eurobonds and NO guarantee of EU banking deposits.

The reasons for this are simple: EITHER option renders Germany insolvent. It’s already teetering on insolvency to begin with. But to allow Eurobonds or some kind of guarantee of the EU banking system to occur on top of the money Germany has already spent propping up the EU will take Germany down.

The German economy is already slowing. Most Germans are fed up with the Euro. Merkel would rather die than let her country become like Greece (which the creation of Eurobonds or EU deposit guarantees would most assuredly result in).

So Germany is tapped out as well. This leaves… NOBODY.

Again, Europe is out of money. End of story. This is the truth and investing based on the idea of some magical bailout occurring is like investing on Hank Paulson’s Bazooka policy for Fannie and Freddie (three months later the markets imploded).

8. Peter Schiff….

“I think we’re still in a depression. I think it’s going to be with us for years and years. It could be five or ten years; it could be longer, depending on how long it takes us to recognize our mistakes so that we can begin to reverse them”

9. New York Times columnist Paul Krugman….

“There are a lot of ugly forces being unleashed in our societies on both sides of the Atlantic because our economic policy has been such a dismal failure, because we are refusing to listen to the lessons of history. We may look back at this thirty years from now and say, ‘That is when it all fell apart.’ And by all, I don’t just mean the economy.”

10. IMF Managing Director Christine Lagarde….

“In the last few months, the global outlook has been more worrying for Europe, the United States and large emerging markets”

11. Andrew Kenningham, senior global economist at Capital Economics….

“With euro break-up risk likely to rise in the second half of the year and monetary policy looking increasingly impotent, things could get much worse before they get better.”

12. Zero Hedge….

We now have 80% of the world posting a contraction in industrial activity.

13. Lakshman Achuthan, the co-founder of the Economic Cycle Research Institute….

“What we said back in December was that we thought the most likely start date for the recession would be in Q1, and if not then, by the middle of 2012. I’m here to reaffirm that.

In other words, I think we’re in recession already. As I said back there, it’s very rare that you know you’re going into recession when you’re going into recession. It often takes some big hit on the top of the head. In the last recession it took Lehman to wake people up. In the recession before it took 9/11. 

When you look at the data today, you see industrial production is off of its April high. Manufacturing and trade sales – much broader than retail sales – is off of its December high.

Real personal income growth, which doesn’t always go negative during a recession, has been negative for several months.”

14. Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch….

“The global economy is in the midst of a synchronized slowdown, as reinforced by the recent spate of weak economic data”

15. Chris Williamson, the chief economist at Markit….

“Companies are clearly preparing for worse to come, cutting back on both staff numbers and stocks of raw materials at the fastest rates for two-and-a-half years”

16. Howard Archer, chief European economist at IHS Global Insight….

“With the eurozone likely having suffered appreciable GDP contraction in the second quarter and in grave danger of contracting again in the third, and with eurozone business confidence generally low and fragile, the likelihood is that the eurozone unemployment rate will move significantly higher over the coming months”

17. Karl Denninger….

If we keep deficit spending we are simply debasing the purchasing power of the common man in a puerile attempt to pacify the people and avoid holding the financiers who were responsible for this debacle, including Bernanke, Greenspan, Paulson and Geithner along with both Obama and George W Bush to account.  This attempt is mathematically doomed to fail as median family income has not moved which means that we’re shifting an ever-greater part of the population to social programs like food stamps and other handouts while the taxpaying productive population continues to shrink. 

This is exactly how Greece and Spain went down the bowl and we’re right behind them unless we stop this crap right now.

We cannot “bend the curve” or look toward the “intermediate term”; that was exactly the siren song in Europe and it has led to catastrophe as “tomorrow” never comes!  The “intermediate term” is usually defined as three to five years out — we heard of the “intermediate term” in 2008 but now it’s 2012 and none of the retractions in that spending have occurred — the claim that they would be undertaken was a lie.

We must stop the stupid right now!

Arithmetic is a bitch.  It’s politically agnostic and cold-hearted.  Exponential growth, as I have repeatedly pointed out, is utterly unsustainable over the long term.  It doesn’t matter if you want these sorts of schemes to work or not; the longer you continue to pretend that there is some path forward that achieves these goals the worse the outcome is when you discover that you’re wrong.

18. LEAP/E2020….

“LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.”

19. Steve Quayle’s anonymous international banking source….

“The Bond market is finished, We all knew that there is a bubble in the bond market, This is the coup de grace that will not pop the bubble, but make it explode with the force of a thousand suns. America will be broke and barren in a blink of an eye! These are two events that I have been warning about are ones that will end your life on this planet as you know it. Your cash will be worthless, your country at a standstill, No money, No food, no essential services, AND WHEN IT ALL STOPS….. YOU STOP.”

So what do you think about these warnings?

Are you concerned that a global financial catastrophe is coming?

Please feel free to post a comment with your opinion below….

 

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comments

  • http://www.soundanalarm.net David Camp

    Read the Book of Joel. We are living Chapter one.

    The Day of the Lord is near at hand!

    • Buzzy Watts

      Growing up, I dismissed all those guys with “the end is near” signs as nuts. Now it looks like they were the only ones with their head on straight.

    • J. Colin Vaughan

      Amen, brother, amen. I will (re-) read that Book of Joel tonight.

  • Ameen

    I hate to agree with you… But I must!!!

    But how did that idiot Krugman and that fashionista Lagarde ever find their credible way into your posts???

    How much time is left, I wonder?

  • http://www.myspace.com/tommytokes Thomas (Tommy) Stokes

    All the doom and gloom in the world shall not stop the common man. Yes, we may have to re-think government, re-write the constitution to SPELL OUT that government CANNOT borrow MONEY, but ONLY issue it, based on population data limitations. However, if the entire system goes down as you’re predicting, there SHALL be ************ of those responsible, so they better RUN before it goes down. And, if it’s as bad as you’re prophetic article claims, the common people shall go back to the barter system almost overnight. Nobody’s gonna sit there, and watch their family starve. They’ll be going out hunting, even IF the only thing to hunt is the politicians who STIFFED them!

    • Mainuh1

      +1

      Folks better start buying trading/prep items – food, soap, toilet paper, water, first aid material etc and make alliances where you can now.

      • Deborah

        Mainuh1…I sooo agree!!!

  • Kelly B

    I wish NESARA was real.

    http://nesara.org/articles/the_real_nesara.htm

    I want to experience the American Dream. I want to purchase a home (with mostly cash), have a golden retriever, cook out at the ball game, and be able to afford it. I want to experience the great experiment called the USA. I’m pretty sure this modern USA is the reason our founding fathers colonized this place. Each day I find less and less ‘perks’ of being an American. Everyday I see illegals who are expected to be treated as Americans by birth, even though they don’t even speak our language. I’ve traveled to other countries and been glared at and humiliated- because I am part of the disaster called America. I will take down the Men in Black suits for my vision; now is the time for those who have awoken to GET LOUD!

    • lee

      that my biggest worry about all this, is 2008 already ate 1/2 my savings and the next 10 years is going to be tough to make money in investments or get many raises.

      my dad tells me all the time that i’m cheap, but i see my expenses, taxes and inflation all going up for years and years like it hasnt for decades; so i’m saving all i can in preparation for anything and everything.

      i’ve already given up the idea of retiring to the same lifestyle as my parents. unless you’ve got a million in the bank now, you probably wont get there.

      • Kevin

        Lee

        “my dad tells me all the time that i’m cheap”

        In this regard your the adult and he is the child.

    • DaytoDay

      I feel the same way.

      Here’s the problem… For 50 years we have been living the American dream. We bought two story houses with basements, addicts, studies and the white picket fence, we had the golden retriever, the Cadillac, and junior running around free in the front yard, and all the while, we laughed at 3rd world poverty, we laughed at the plight of people living in the inner-city, we traveled to other countries and expect to be treated like royalty and when the “foreigners” get mad, we call them uncivilized and laugh…

      And people are still laughing… I had family laughing at me two years ago, and two years later, jobs gone, house gone, wife/husband gone…

      So you see, you’re right, we are never going to live like are parents did, because all that we thought was cute and funny has now come full circle… And well, haven’t you heard of karma? and you know what they say about her right…

  • DaytoDay

    Michael, have you seen the protests that erupting throughout Mexico?

    It is being projected that MILLIONS of people are RIGHT NOW marching in the streets ALL OVER Mexico!

    We are definitely seeing some troubling signs!

    http://www.guardian.co.uk/world/2012/jul/08/mexicans-protest-pena-nieto-election?newsfeed=true

    http://www.marxist.com/mass-protests-in-mexico.htm

    http://www.core.org.cn/OcwWeb/Political-Science/17-55JFall-2006/CourseHome/index.htm

    • Michael

      Mexico is coming apart at the seams.

      Not good.

      Michael

      • Ameen

        And look at Madrid….

  • marK

    I am concerned about the debt that we have created over the last 50 years. We have lived way beyond our means and our people have become use to this borrowed lifestyle. We have become a country of takers instead of a country of doers. Rep West is right in his comment about social security disability being a life of serfdom. Most of the people that I talk with have normalcy bias and say that it could never happen here. A fellow over the weekend said to me that in the last 60 years all has been well and it will always be that way with little ups and downs. I then pointed out to him that yes , the last 60 years have been good, but that has come by borrowing 16 trillion dollars and that must have had something to do with our good times. The ability to keep borrowing and printing money is comming to the end of the road. I myself have seen the writing on the wall for some time and have been preparing for many years. I see the price of food going up at the store at a higher amount than the government claims. All of these bailouts that seem to spare the wealthy for their mistakes and putting the debt on yours and my backs. I for one am not willing to pay back all of this debt to the bondholders. I used to think that we should pay the debt back, but no longer do I feel this way as the wealthy have already been paid back with the bailouts. If you are stupid enough to loan money to broke governments that can’t pay it back unless they turn most of us into slaves, you deserve to loose the money. I will not become a slave to pay back these bonds. Live free or die and screw big brother. I would rather eat from the sweat off my brow than to beg my food from food stamps and the government.

  • Buzzy Watts

    Most people are under the impression that the growth of the middle class has actually served to challenge the people in power and make our society fairer and more democratic. Nothing could be further from the truth: on the contrary, the middle class exists to perpetuate the status quo by convincing a select minority of useful idiots that they actually have a say in things.

    Well, let me let everyone in on a little secret: all the people with McMansions, station wagons, and $20,000 in credit card debt are neither frightening nor impressive to the dudes with mansions, Lamborghinis, and $100 million in debt dating back to the 16th century. They just want you to think that they are so you’ll read the New York Times or Wall Street Journal, go to TED talks, and root for the Blue Team or the Red Team. In reality, the middle class has as much in common with the international Bourgeoisie as a Neo-Nazi skinhead thug has with Adolf Hitler.

    • Kev

      The middle class myth was a propaganda tool to fool the masses into believing that they could ‘achieve’.Only problem was the price tag that came with it.

      • Kevin

        Kev

        That was no myth for a few decades. I know of many blue collar families that have amassed 2 million in investments (and retained it) along with another 400K in home, cars and savings. Where I grew up it was almost a birthright to be employed at DuPont, Mobil Oil, Monsanto, BF Goodrich, Texaco, Sunoco, Shell, GM or Chrysler. Some of them changed names, some vanished but all downsized while the population grew.

  • DaytoDay

    Sorry, the last link was from 2006.

    Look at these photos that were just taken… If you thought the Egyptian protests were bad… These are UNBELIEVABLE!!!

    http://www.facebook.com/photo.php?fbid=371342712921740&set=a.166379316751415.46133.146500522072628&type=1&theater

  • Matthew

    In essence, a ton of money will have to be printed to bail everyone out causing hyperinflation. This is the reason to own Silver.

  • i’vegivenup

    I wish all of this would end NOW but instead it will be like a slow growing cancer that sucks the life out of all of us. The end comes faster because there will be NO hope or recovery. Mass chaos and riots will ensue and quickly turns to WWIII which will be the war to end all wars. THE END IS AT HAND….

  • OldPhart

    California is coming apart at the seams, too.

    http://www.reuters.com/article/2012/07/11/sanbernardino-bankruptcy-idUSL2E8IB0MZ20120711

    Third entity in two weeks.

  • Andrew Stunich

    When I was young and studying economics and business, I thought the Biblical mandate for a debt jubilee every 7 years was no longer practical as it would slow modern economies. Now that I am older and wiser I think God is just brilliant because if we had followed the Biblical guidelines for debts and interest, we would not be in this mess. Also, God warned us about having a king. He warned that the king would take the best of our crops etc., and make slaves of us. That is exactly what our modern “king” has done.

  • Michael Petek

    If everyone is in debt, then who are the creditors?

    • http://riegelexchange.com Laurence Gilbert

      Hi Michael, to answer your question, WE are the creditors of our own debt. It was accomplished through fraud and deception, yes, but the reality is just that. Through a deceptive contractual relationship, we have turned over our Natural Right to exercise our inherent ‘Money Power’ ( the Right to issue and control “money” ) to someone else. Through controlling our “credit worthiness”, THEY determine how much money we have access to. THEY take our credit and create the money FOR US, then charge interest ( which is/was never created ) for the “service”. We are left then with paying back DOUBLE the loan in reality PLUS an unpayable debt interest that can only be temporarily removed from our immediate obligation by taking from someone else in the system. Please see my earlier posts for the People’s remedy.

      Blessings,
      Laurence Gilbert

      • http://riegelexchange.com Laurence Gilbert

        Please just click my name to learn more. The people have the power, we just need to establish it.

  • A Concerned young AmeriCan Patriot

    The current government viewpoint has become (if it was ever anything different) “let us make as much money as we can, scam as many as we can, profess we are sorry if caught, run for reelection, and do it all over again.” They do not care for us, they just want their pockets stuffed. But it is not all the individual politician’s fault, for the atmosphere in washington is “Join the system, or suffer an onslaught of lies to make people hare you,” something they are now trying to make us comply with. I believe this saying sums up the district “One may enter Washington an honest man with good intentions, but then the bribery offers come in, and then once they accept one, they enjoy it, and accept more; before you know it the once honest and well meaning politician (an oxymoron) has become as corrupt as the next one.” and “politicians care about only two things; stuffing their pockets with as much money as they can, and then trying to act sorry so they can get re-elected and do it all over again.”
    -Young Patriot

    • A Concerned young AmeriCan Patriot

      Basically, the government (and our country in general (specifically my generation)) lives “in the now” and pays no heed to the future consequences of their actions; they just do what they want to, and not what’s right.
      -Young Patriot

  • Cinderella Man

    I almost want it to happen. Yes its going to be terrifying but if we could somehow start over again it would be for the best. Tell ya one thing alot of people would have to grow up and change their attiudes because being selfish and entitled in a post collapse world you aint gonna make it long!!

  • EyourCream

    Nothing to see here.
    Just warnings only; and if you believe in the warnings, then take cover.

  • F

    I keep asking myself if I am better off now than I was 4 years ago and sadly the answer is “NO”.
    Deep down I can feel something is bad wrong with the world’s economy even though the main street media keeps reporting we are recovering.
    I’m sorry to say that I feel we are being lied to and I consider the main stream media “Spin Doctors” (aka liars).
    I’m really worried by the end of this year (2012) it will be multiple times worse than now in July of 2012.
    Why don’t the government leaders understand that with no money in the hands of folks on main street that no recovery is even possible?
    We had all better buy some extra food while we can still afford it. Good luck to all.

  • JOHN

    I can’t believe these christians like David Camp. I can only hope there is a God and that he raptures people like him now. Please keep your beliefs to yourself or others will share theirs with you.

  • William

    Do a little research. This has all been planned for 225 years.
    The big backers of this nightmare live in the City of London.
    The US Congress, the Smirking Chimp and war criminal Bush, and the failed and phoney Obummer have/are implementing the plan with either glee or ignorance. Watch your freedoms and standard of living go down the bowl as you vote to reelect the IDIOTS in the US Congress who did this to you. If you do not read Springmeier and Makow, you know NOTHING. Welcome to despair and slavery……you deserve those for your refusal to recognize the TRUTH of 911. And, when the TSA orders you to “freeze”, you will meekly comply. The US Congress monsters who hide behind the word “patriot” have ruined America with FALSE patriotism based on LIES, cowardice and evil. And, if they do not stick to the plan, they will get the Wellstone treatment, and they know it.

  • Sayldog

    Can you say Jubilee?

  • Excalibur

    Once again Michael does a great job in compiling multiple sources together to prove a point!

    Sadly for me is that my family members choose to ignore what is coming. During a recent conversation with relatives about things my wife and I are doing to prepare for what’s coming, one of the responses was “You’re still on that?” (in annoyed disbelief). By the end of the conversation it became clear they don’t want to think about the possibility of what may be coming. Mostly because they think it’s absurd that things could get so bad in America. I finally told them we can only try to wake people up. If they chose not to, then all we can do is move on and hope for the best for them.

  • ScoutMotto

    I just read the other day that Peregrine Financial Group has filed for Chapter 7 – liquidation.

    • Tim

      The CEO, Russell Wasendorf, attempted suicide this past Monday morning when he realized he had been found out. The last I read he was in a coma. Furthermore, I read that client funds had been missing for two years!

  • MountainHome

    The only fear I read in these quotes are world leaders finding a way to save their banking friends. Good list of quotes, thanks.

  • Cleo

    I don’t understand the Krugman comment, being he’s a big govt spending fan.

    Back to the topic at hand…..get your family prepared, and be prepared to help extended family, and even strangers if need be. This is going to be the classic battle of good vs. evil….sometimes it will be difficult to tell which is which looking on the outside. Choose who you help very carefully, as their intent may be to get your stuff.

    I’m not worried or scared….we know what’s coming and we won’t be surprised when it happens. We can adapt and I know you can too.

    The one major concern I have (with or without Obamacare) is drug shortages and access to medical care…just look at Greece. We are already experiencing drug shortages. A friend at church is having to wait 2 1/2 months for a radiation isotope due to a shortage. Just yesterday, I picked up 5 blood pressure pills for my wife, the rest due in this weekend. Signs of things to come….these shortages are due to regulations? Not sure, but does it matter if you can’t get it.

    Consequently, I have gotten several books on edible weeds, medicinal weeds, etc. A lot of plants in your neighborhood to at least attempt to keep you healthy should the need arise.

    Better times will eventually come, but we’ll have to experience the bad first. Keep the faith friends….it always works and will make us all stronger in the long run.

  • 1stVArifleman

    Michael,

    is it just me, or did you just take a play out of my playbook? I’ve been reading your articles for around a year now, and I’d say at least a dozen times now I’ve left a comment with a blurb by me, and then quote after quote to back up my point(s). However, my quotes are usually from more historical figures, particularly great Virginians. (Notice 4 out of 7 pictures at the top of this page are Virginians: Thomas Jefferson, James Madison, Patrick Henry, and George Washington)

    Also, I just wanted to thank you for all your hard work in an attempt to wake up the American people and the world for that matter. Your work ranks up there to me with Alex Jones, Jason Bermas, Adam Kokesh, Luke Rudkowski, Jim Marrs, Mark Dice, Michael Badnarik, Andrew Napolitano, Thomas Woods, Peter Schiff, Michael Maloney, Jim Rogers, Robert Kyiosaki, and even Ron Paul (in no particular order). I don’t always agree with everything all these patriots have to say, but I do agree with most of it, especially Life, Liberty, Property, and sound money based on Austrian Economics, and above all I have the utmost respect for all of you. (Just a reminder, I don’t agree with almost any of your ‘Socially’ Conservative beliefs, because a true Libertarian or Classical Liberal, as I am, no matter what his/her beliefs does not agree or want to impose his beliefs on anyone by force of government violence backed up by statutes and not Common Law or Natural Rights. Which clearly most Social Conservatives, including yourself, from what I’ve deduced from your articles, want to do)

    Enough constructive criticism, thanks again, and keep up the fight!

    Long Live the Constitutional Republic!
    Sic Semper Tyrannis!
    3%

    Fortune Favors the Brave:
    I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past…. Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power. The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us…. it is now too late to retire from the contest. There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable–and let it come! I repeat it, sir, let it come….Gentlemen may cry, Peace, Peace– but there is no peace. The war is actually begun!….Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!
    -Patrick Henry

    “Paper is poverty,…it is only the ghost of money and not money itself.”
    Thomas Jefferson

    “All the perplexities, confusion and distresses in America arise not from defects in the Constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.”
    John Adams

    “The refusal of King George III to allow the colonies to operate an honest money system. Which freed the ordinary man from the clutches of the money manipulations was probably the prime cause of the revolution.”
    Ben Franklin

    “Who controls the food supply controls the people; who controls energy can control whole continents; who controls money controls the world.”
    Henry Kissinger

    • Michael

      Thank you for the kind words.

      And nobody is going to agree with me 100% of the time. But hopefully most people will realize that they agree with me on most of the core issues and that we can agree to disagree on the rest for now. :)

      Michael

    • 1stVArifleman

      I definitely should have included Chris Duane in that list too. His research is truly mind blowing on so many different levels.

  • Colin

    In the last month, three California cities have declared bankruptcy: Mammoth Lakes, Stockton, San Bernardino.

    http://www.cbsnews.com/8301-201_162-57469953/3rd-calif-city-to-file-for-bankruptcy-in-1-month/

    Spain is on the path trail blazed by Greece. The Spanish government, under pressure to meet economic benchmarks set by the European Union, is enacting additional austerity cuts.

    http://www.cnbc.com/id/48144383

    Two days ago, an article appeared on CNBC’s website explaining why the economy could get worse later this year. The euphoria over the latest European summit was short-lived, and some are believing the Euro Zone is closer to a break-up. Many of the central banks have run out of options.

    http://www.cnbc.com/id/48121736

    The crisis with LIBOR is spreading, and this isn’t helping to build confidence in the banking system.

    http://www.businessinsider.com/libor-was-a-criminal-conspiracy-from-the-start-2012-7

    http://online.wsj.com/article/SB10001424052702304022004577514764116556848.html

    Everyday, there is a new story illustrating how our institutions are failing us the people, and how truly we are vulnerable to the capricious whims of the capitalist class.

    • Michael

      Very good summary.

      Michael

  • lee

    I have been watching all the signs and realities like PMI nosediving all over and have been impressed with how the world rolls merrily along, I was sure the fiscal cliff that anyone who knows anything is going to happen would have shown up already in the financial markets. It hasn’t, so I believe the words of the financial guys i trust that europe has a year before they hit the wall and the US will not hit it.

    I think most likely in the great depression, if you would have asked most people 3 years into it, if they thought it was depression; they would have said no and most people got thru it thinking it was just a real tough period of years; i imagine the same again especially considering how well government can mask things thru welfare programs(todays foodstamps are breadlines).

    i think the world could fall into chaos if anything goes really wrong like an iran war, but if things roll along; eventually the US will pull out of this deleveraging period.

  • http://Www.doomsdaymoose.com Shane White

    If you are leaning on banks and government to take care of you, you will be in deep trouble soon.

    Prepare for the worst, but hope for the best.

    Get out of debt and work toward being self-sufficient.

    Stop competing with your neighbors and friends. You don’t need all that crap. Figure out what you really need and be happy with that.

  • sean hopkins

    to
    everyone

    The other third secret of Fatima

    I am sending this e-mail regarding the third secret of Fatima.
    The third secret of Fatima is not about the Pope John-Paul 2nd been shoot(A FALSE

    LIE).The last part of the third secret of Fatima was fulfilled when Lucia died.Lucia

    died on 2-28-2005,from what i can see from the coding is that the next great war

    (WW3) will start on 10-4-2012.seven years,seven months, & 7days(1 week) from the

    time of her death.It was also interesting to see that from her birth in 1907,seven

    years after she was born WW1 (the first great war was stated) almost to the day..
    Jacinta:Her coding has a lot to do with world wide events

    as-well,Jacinta also has a connection to the Bayside prophecy Queens NY and the photo

    (Polaroid) that was taken of the statue of the Virgin Mary, with “Jacinta” & “1972″

    on the image.1972 marks a mid-point from 1917 55years and an end point only in one

    sense in 2027.there is another mid point here as-well Jacinta birth 1909/1910,which

    will end (calm down) in 2034/36.(new era)
    There is also coding in her name…it showed 9/11 not

    just one but two i feel, the next 9/11 (between the 11 & 14 & 18 of September) will

    be financial(total mess). It showed other coding as-well.., from what i can see the

    nuclear fire crackers will be going off December 11 to 13-2012 in this once great

    nation of ours THE USA.
    I also saw another date 11-12-12, but i do not know if this is a

    turning date that will make or break a truce in the war or that marshal law will

    declared in the US (maybe a bad geo/comsic event).This country is in for a world of

    hurt and pain not seen sense the great flood.there is another event to happen on 3-

    3-2013….it sense to me that the EARTH will be rockin & rollin…..There will be

    97% complete destruction on this GOD given good green/blue earth.There are other

    dates as well…2017/6….. 2019… 2021… 2024 just to name a few…
    Francisco: his coding is more to do with 1918

    onward after the first world war up to 1949…,different events in between….

    NOTE: (UPDATE) NOVEMBER looks like there will be up to 11 events every Sunday &

    Thursday… going into DECEMBER (second week)………….!!! WOW

    Yours
    A Citizen of this once great nation… UNITED STATES of AMERICA

  • Dave Webb

    In the mid 80s, after 15 years of marriage, 3 children, my wife decided to leave me. She was 8 years younger than me, and college educated registered nurse, By the time it was all over with, I was left with my house, child support on one child, and raising two others since they chose to stay with me. I bring this up because I was left with about $75 a month to live on if I wanted to keep my house. So I am no stranger to debt and being able to manage money on almost impossible odds. Yes, I think our court system sucks when it comes to domestic relations. I bring it up because I have a recipe for miracle financing.
    Believe it or not, I tithed to the church I was going to. No I didn’t tithe any 10%. That 10% was unrealistic in my circumstances. I took a different approach and I am not even sure it is backed by scripture. I got paid every week on Thursday. Everything I had left on Wednesday night services went into the offering. This was after I paid any bills, put my groceries in, and supported my kids. What was left was what I considered the money that I had earned. All the rest was not really mine to begin with. The money that was mine all went in the offering. Sometimes it was less than a dollar. Often it was a $5 or even a $10.
    The Lord God has always guided me. Usually in a suggestion or thought. I am not shy about asking for help from him. Though I keep it mostly private between him and me. Over the next few years one by one the children left to be with their mother. That hurt. The expenses increased. But crazy as it sounds, the money in the offering increased as I had more money on Wednesday night. I kept that up. And things and luck went my way frequently for no reason I could think of except someone guided my path. I think it was God.
    I am no angel, never have been, probably never will be. But if the good Lord guides me to do something, I obey.
    That is what I see as wrong with this country right now. The high and mighty have gotten out of the habit of worshipping our God. My advice to anyone that asks, is when the shit hits the fan, your whole life is a wreck beyond salvage, you have no place to go and everything seems hopeless, try returning to your faith and church. Never ever give up, even if it seems hopeless.
    If our legislature did this, miracles would occur. If every decision made in that Congress of two houses was made with the guidance of the Bible in mind, then we would have no abortions in this country. Funny how both political parties have not succeeded in changing that isn’t it?
    If they did this, then the financial nightmare we have gotten into would go away. Not in a heartbeat, but it would turn itself around.
    WE, as a people have not paid enough attention to what these legislatures have been doing. It is time to turn that around.
    If your mother and father saw what you are doing, would they approve? Are they religious or not? The Andy Griffith show was about church and hometown values. I think it is time to return our nation to those hometown values. If we are willing to do that, then in times to come, maybe the Good Lord will protect us. He certainly has protected me against a lot of things.
    I seldom take things on faith. I work within the natural rules. I don’t try to walk on water. I work as if everything depended on me alone. But when push comes to shove, I have done everything within my power to change things, that is when I depend on my God to make things come out right. I have done this most of my life. it works.
    I think our leaders better start doing just that.
    Remember, God’s ways are seldom our ways. In that, have faith. I failed more often than I succeeded early in life. Looking back, I see the purpose in those failures. I am alive today because I failed in certain things. In service I was a total failure. I started in tech school to become a camera repairman. I failed half way through. I became an Air Policeman, I failed after 9 months of training. I became a Commercial Freight Specialist. My Captain found I was a good typist and changed my field to Commercial Household Goods Specialist. 4 fields in less than 3 years. I served in Korea as my last assignment. There is no sanitation or toilets in most of South Korea when I served. It was all for his purposes not mine.
    If it had gone any other way, I might have died in Viet Nam instead. I never did obtain any money or rank in service beyond the minimum.
    All of what Michael has said in the above article is true. We got that way by corruption. It is time to turn the corruption arond on them and put honest people back in government. That is the only way it will change.

  • jo

    I have considered all this for the past year.
    I am in the stock market and want to know if I should cash out and put money in a safe deposit box.

    • ScoutMotto

      Please don’t use a safe deposit box in any bank. Get your own safe, and place in a spot in the house out of immediate vision. No bank is trustworthy at this point with any of ones money or goods. If they fold, you’re screwed.

  • EarlNash (@EarlNash)

    It is now a zero-sum game of Survival Musical Chairs; things seem fine, while the music is playing and YOU can still find a chair. But, chairs are disappearing and in the last round, there will be no chair for the “Winner” to sit on.

    In the film, THE GRADUATE, Ben gets one word of advice; here is yours for today: “WATER”

    Folks on water systems will be shocked when the tap is dry. You cannot wait for that to happen. Find a nearby water source: river, lake, pond, stream. Get a good water filter system [like Berkey]. Also think catchment from roofs.

    You cannot plan for everything, so start to build up a supply of goods to barter for what you forgot. Think: matches, candles, canned soups, band-aids, hydrogen peroxide, anti-biotic cream, salt, rice, a crank-power radio…Make friends with your neighbors…
    Thrive.

    • Deborah

      EarlNash…we have been prepping for 2 yrs now. We also plan on doing our own farming on the 10 acres we have and having cows, chicken, pigs and bees. This so we can provide for our family and a few of our friends. But I do have to disagree about giving to others besides family and friends. I am not going to let them starve or go without to give to someone I dont know. We are also going to have protection too.

  • Gary2

    tax the rich and spread the wealth. This will go a long long way to fixing the economy.

    • Kev

      yaaaaaaaaaaaaaaaaaaaaaaawn.

    • Col. Wilson

      So what happens when THEY decide that your ‘rich’ & tax you more than what your being taxed now?

      The fact remains the amount of debt the U.S. & its states have is enormous – its IMPOSSIBLE to pay back the debt let alone the interest!

      To pay back 1 trillion dollars at $1 per second it would take 32,000 years! and that is without interest! BUT you claim if we tax the rich in our country it will all be fixed = stupidity of the highest order. Consider the U.S. has 120+ trillion in debt (not counting the individual states & cities with runaway debt) your claim on ‘fixing the economy’ are just the ravings of a mad man.

      Please look at reality before you make crazy claims & just accept that the boat is going to sink.

      There is NO example of any country with such massive debts who have ‘fixed’ their economy so plz stop with the rhetoric.

      ;)

  • http://www.facebook.com/lexmallabooks LexMallaBooks

    The greatest issue is the politicization of employment and finances. Employment data is skewed to help win elections. Real inflation is ignored to help win elections. Nobody should rely on any sort of ‘official’ report or newscast because they are all designed to do the same thing…win elections.

    The heart of the issue is freedom. Make yourself independent, or self-sufficient, and the mainstream can manipulate all it wants. Won’t much matter, because we’ll be relying on ourselves…

    http://www.facebook.com/lexmallabooks

  • wolkenpass

    Nigel Farage has been warning of financial collapse for years but no one in the European parliament listens. This guy shoots from the hip and his predictions have come true.

    When will they ever learn.

    http://www.youtube.com/watch?v=2gm9q8uabTs&feature=player_embedded

  • Walt

    It’s almost comical. You are surprised? Others have lived through bad times; we will also live through bad times. Prepare, arm up and, most of all, turn to our Lord. Failure to do so will will result in your extinction.

    Ge,

    Walt

  • Fred Reinhart

    I read the book called the Harbinger by Jonathan Cahn. Excellent book and a must read for everyone. The blessing of God on this country is gone and been removed and we won’t be blessed anymore unless believers in Christ repent and humble themselves. There will come a time when Israel and Iran are going to get in to a conlict-the Gog-Magog war. Then all the apples will be upset. Follow Christ and stay close to him and he will help us get through these very disturbing times.

  • df

    Antichrist is just waiting in anticipation. Satan knows the books, the antichrist knows his story but I know they cannot wait for their time to shine and revel in their greed, evil and pride! I don’t plan to be here and anyone connecting the dots shouldn’t either! Put your trust in Jesus Christ, these blatant signs of what is to come (that He foretold) are to draw us to Him.

  • Alasha

    I am such a cog in the system yet surprise, surprise thankfully i have a slot to go into ….. sigh. so bogged down with the daily functions and motions of life.

    (Isaiah 40:26) “Raise YOUR eyes high up and see. Who has created these things? It is the One who is bringing forth the army of them even by number, all of whom he calls even by name. Due to the abundance of dynamic energy, he also being vigorous in power, not one [of them] is missing.

  • Jeff

    Funny how George Mason is still a pariah after all these years. He was a true patriot and Thomas Jeffersons mentor. His conscience would not let him agree to the Constitution in its current form. Read his Objections to the Constitution. I wonder if things would be different now if we heeded his concerns. Just food for thought. Good luck everyone.

  • richard noggin

    When and only IF we survive this debacle, I feel the first people to be help accountable are the mainstream media for their collossial failure to do their jobs while only pandering to the very global eliteists that created this crisis by design.
    Then…. we need to start feeding these criminals to the prison system designed by them to devour the weak and feed off the meek where their money will not only not save them but it will be worthless as by then well all be in a cashless society, however, not the cashless society they have in mind.
    They will be in the very prisons where the drug offenders prosecuted for the very drugs they themselves had a hand in bringing to our country so they could fill our prisons with nn violent offenders. Fortunately for the of us that may survive, those people will become violent to actually perpetuate violence against their very oppressors.
    That’s what should happen now but unfortunately, it will take a major event to wake America up to to the corruption they can’t see when their heads are buried in the sand.

  • PNO

    Actually central banks can print money and buy up all assets at no cost to them, and then write down their balance sheet and start over again.
    A solvency issue can be solved by converting debt into equity easily, i.e central banks can write off the debt owe to it by the government.

    The issue with bubbles is it pops when there is no longer any money to sustain it, but if there is unlimited amounts, i.e central bank printing, what is going to burst the bubble?

    Even if central banks go bust, they can start with a new balance sheet and print money again.

  • http://www.marijuanaparty.ca Blair T. Longley

    I second the comment made above by “i’vegivenup”

    To repeat the highlights of the article above:

    We are running out of policy rabbits to pull out of the hat!

    The world has never, ever been in a condition like this.

    We’re in a situation of total emergency.

    There are a lot of ugly forces being unleashed in our societies.

    80% of the world posting a contraction in industrial activity.

    We’re in recession … in a synchronized global slowdown.

    America could be broke and barren in a blink of an eye!
    Your cash will be worthless, your country at a standstill,
    No money, No food, no essential services, AND
    WHEN IT ALL STOPS … YOU STOP.

    Exponential growth is utterly unsustainable over the long term.

    I have been worrying about this since I was a teenager, about 55 years ago, when I first started to think about the insanity of exponential growth going into overshoot, and then collapsing. It only got worse when I realized about 40 years ago that the insane fiat money system was being backed up by atomic bombs. I got involved in playing the political games, due to that, only to prove, over and over again what i’vegivenup said above: “I wish all of this would end NOW but instead it will be like a slow growing cancer that sucks the life out of all of us.”

    The more you know, the worse it gets. I have spent my whole life learning about these things, and trying my best to do something about them. And, I still am, because I like to hold on to irrational hopes for political miracles, rather than have no hope at all. However, there is no rational reasons to believe anything different that what i’vegivenup wrote. The pessimists have ALL the evidence and logical arguments. The optimists have nothing, except that they may feel better, and might do better in their own little lives, for a while. I WISH I could time warp back to when I still idealism and optimism! However, there is now nothing whatsoever that I am aware of in the realm of the real world to continue to prop that up! There are plenty of creative alternatives possible. However, the real world is so totally controlled by huge lies, backed up with violence, all headed towards a psychotic breakdown, that none of those creative alternatives have any reasonable chance to change things, before they are destroyed by the tsunamis of social insanities, which are the result of controlling civilization with enormous frauds, too much, for too long, until collapse into chaos MUST HAPPEN, and nothing after that can be predicted …

  • http://www.marijuanaparty.ca Blair T. Longley

    Regarding the quote at point 17, in the context of the article linked to, about exponential growth, using that old lily pad size doubling analogy, until it totally covers the whole pond, and so, kills off itself too:

    http://www.youtube.com/watch?&v=v5fL469k9qc

    The National Debt Explained in a Road Trip

    If comparing USA’s growing debts to driving a car, then the REALITY is Obama is approaching 200 mph! While Bush only got up to 60 … and the next President would have to almost break the sound barrier, to keep the established systems going throughout that term.

    THERE ARE NO BRAKES IN DEBT ENGINE CARS!

    THERE IS ONLY FAST, AND FASTER, FORWARDS,

    …FORWARD TOWARD STUPENDOUS CRASHES!

    How is this for a metaphor for future of USA economy:

    http://www.youtube.com/watch?v=wvcGM6maGGk

    THE STATISTICAL FACT WAS THAT, SINCE USA’S GOLD WINDOW WAS CLOSED, BACK IN THE 1970s, THE
    USA’S TOTAL DEBTS HAVE BEEN DOUBLING, AND DOUBLING, ON A NEAR PERFECT MATCH TO AN EXPONENTIAL GROWTH CURVE!

    1971-72 USA took the steps of divorcing money from gold.

    1974 was the year the global brakes came off fiat money!

    Canada, and most others, followed along with the USA …

    What also happened since the 1970s was that, for the first time in 150 years of statistics, real wages of workers stopping going up!

    Consider WHERE those facts can go next???

    Since the 1970s, the USA has been on a near perfect match to actual exponential growth curve of ever increasing DEBT! That should be graphed going DOWN, instead of going UP. When we do that, we see that we are NOW plunging straight down into a deepening hole. Each President presides over another stage going DOWN … We ARE on a flaming nose dive to Hell!

    THERE ARE NO POSSIBLE “REFORMS” WITHIN THAT!

    Without radical transformations of ourselves, there must be collapse to chaos, and then some insane civil war, and unprecedented revolution.

    The problem is that there was nothing in history to tell us what happens when an astronomically amplified global electronic fiat money fraud, backed by the threat of atomic weapons, finally collapses into chaos.

    Just like there is no sane war with weapons of mass destruction, there is no sane civil war or revolution inside a country with an abundance of mass destruction weapons.

    The established systems of huge lies, backed up with credible threats of violence, ARE ASTRONOMICALLY AMPLIFIED, to increasing sizes that get more and more INSANE …

    Every postponement of the necessary transformations only makes the final collapse to chaos become even worse, when it finally happens. However, nothing within the established social systems can cope with any of that!

    What we have is a combined money/murder system, built on top of a pyramid of deceits, so that Fraud is King, as that devolved from the times when War was King. All of that IS astronomically amplified by electronics and atomic power, in ways that are billions and trillions of times greater than the old paper frauds backed by gunpowder weapons. Nothing in history makes sense of those social facts! It is delusional to think that possessing gold or silver, or any “survivalisms” etc., makes sense inside of the collapse of a house of cards that has literally been built to a size that goes over to the dark side of the moon.

    In theory, we have to change our political science’s paradigms as much as we have changed our paradigms in physics and biology, in order to cope with the technologies that those science made possible. In practice, the vast majority of people are living inside of systems based on deliberately maintained ignorance and fear, and therefore, the chances of them coming up to speed to understand the creative alternatives that they “should” embrace appear to be practically zero in the real world. Therefore, although there are plenty of creative alternatives, the path the real world is on continues to be crazy collapse into chaos, snd the longer that is postponed, the worse it will finally become. When it does happen, it could happen suddenly, and that would then wipe out most of the chances for creative changes to meet these challenges, that appeared possible before that insane collapse into chaos.

    The only theoretical solutions are radically different ways of thinking about politics, which means that there must be radically different death controls, to sustain radically different debt controls. We ARE going to get those, eventually, but first the established money/murder systems will continue to grow to even more astronomically amplified sizes, until they finally MUST collapse to chaos, and those will be the real events that drive us through radical changes in the actual debt and death control systems.

    In that context, it appears to be a vain hope that new ideas will help catalyze those changes, as a technological society adapts to the philosophies of science, that made that society suddenly become billions and trillions of times more powerful … since almost all of those abilities were channelled into becoming billions and trillions of times better at being dishonest and violent.

    Like I said, there are theoretically plenty of creative alternatives. We could think as differently about political economy and human ecology as we learned to think differently about physics and biology … however, everyone inside the establishment, and all of their controlled opposition, made up of reactionary revolutionaries, whose ideas of “solutions” is to go backwards, in different directions, to old religions or ideologies, are in the way of the necessary transformations in the way we think and behave.

    Almost everything we are doing now, including the basic ways we think about these problems, is BACKWARDS! Therefore, instead of creative adaptions to these challenges, collapse to crazy chaos, genocides and/or democides, IS the real path we are on now!

  • Ed Ed

    Enact HR 2990 (Congressman Kucinich).
    Read ‘The Lost Science Of Money’ Steven A. Zarlenga (American Monetary Institute)

  • ZombieDawg

    …and not forgetting the even bigger experts :

    Gerald Celente, Max Keiser, Martin Armstrong, Soros, even fringer Lindsey Williams…

    When Italy or Spain go under, that’s it globally. Big-bada-boom !

  • Guido

    Want to see the funny part of this? Look up Mark Dice and his gold coin challenge. He walked around offering a 1 oz Canadian Maple Leaf coin to people for 50$. No one would take him up on it. Only 1 guy seemed to know what it was worth. People even agreed with his statement that a Canadian gold coin would be worthless in the US. It was insanely funny to watch. He even offered it to one girl for her pocket change and she wouldn’t take it.

    Folks out there are so totally lost in the sauce, when this thing really hits, they’re going to go ape-$#!%. They really don’t understand what money is, what value is, and how the world works. They’re going to be insanely angry when they start to figure out what happened-and they’re going to be looking for someone to blame.

    Look up When Money Dies. The author points out how folks ended up selling everything, but always held out hope the worst was over, only to get hit again and again by every lurch towards greater hyperinflation.

  • http://bookpricefinder.org A True Seer

    Naturally in any circumstance negativity speeds up evolution. When there is a problem(negative) you have to come up with a solution(positive). A animal in the wild physically evolves to survive its environment. Instead of waiting million of years for our bodies to become the solution to our problems we took evolution into our own hands and created and innovated. More problems arouse as society became more complex and we continued to solve more problems. So now human society is the most evolved it has ever been but we still have many problems to overcome. In order to fix this large world problems we have to completely change the way the world is ran.

    But the people that live in the richer countries of the world for the most part are contempt with how there lives are and how society is ran. So in order for society to evolve, naturally negativity will speed up evolution. When a global economic collapse occurs we will have no choice but to change for the better. After World War 3 the world will most likely stop having civil wars and work together to reform the world for the better because war(negativity) will cause all the countries in the world to reform under the winning side of the war. Which is Democracy reforming communism and dictatorships. But after the war with the world all together as one there is still the problem of the worlds economy which is negatively effecting the people of the world. Then with the world united together we the people all working together can realize that we need to change how society is ran. By focusing on fixing all the problems that there are. Then we will realize that you can’t fix the majority of the problems in a monetary economy. The monetary economy is the problem. But don’t get me wrong there was no other way for society to evolve but through a monetary economy. So what is the answer you ask.

    Business= Profits, which means that you want to produce your profits in the most cost efficient way because that makes you more profit. So factory infrastructures aren’t only machines because that wouldn’t be cost efficient but it is also cost efficient to replace jobs with machines. Machines replace jobs often. But that is business to make the most profit you can. We waste so many resources for profit, making things cheap and not last so you have to buy more. Cheap food, furniture, everything. If we built things to last then we would for one have quality things but also be resource efficient and make our resources go a lot farther and give us the capability to create so much more with them. Money limits research, our infrastructure, knowledge, our lives potential, everything. It is the reason there is poverty and the cause of most crime. A monetary economy is the problem.

    So the solution is simple, a resource based economy. Imagine a world with free food, free clean water, free energy, free homes, free education, free health care, free transportation, free entertainment, and the freedom to do exactly what you want with your life. A true world of the free. So you say it could never work thats communism thats socialism, your a fascist. >_

    • http://bookpricefinder.org A True Seer

      Damn what I wrote cut off but o well ****** it, you will never no until it happens!

    • http://riegelexchange.com Laurence Gilbert

      Your post if very interesting and obviously you have invested a lot of time and research in this. Just as obvious is your earnest desire for a more just, equitable and peaceful world.

      You said “Money limits research, our infrastructure, knowledge, our lives potential, everything. It is the reason there is poverty and the cause of most crime. A monetary economy is the problem.”.

      I would differ with you here. REAL money does not limit any of those things listed. Fact is, REAL money does not limit anything or anyone except those who would parasitically steal the wealth of those who honestly labor. The problem is not “money”. The problem is a fraudulent “monetary system” designed to do exactly what you speak of. The problem is a small percentage of greedy unscrupulous people who have taken to themselves the “Money Power” ( the power to issue/create and control money ) due to our own ignorance and neglect. Real “money” is not at all what we have been taught. It’s time we all wake up and learn the truths of these matters if we hope to create a more balanced and harmonious world.

      I invite you to click on my name to find out more.

      • http://bookpricefinder.org A True Seer

        Money for one does limit research because there will always be a limit to how much money is used. Even if our monetary economy was still based on the gold factor which is impossible our infrastructures would still be limited. Money limits knowledge, you have to have money to go to college. It limits most peoples lives potential, because without money they can’t do what ever they want to do in life. It really does limit everything and even though yes our monetary economy could be much healthier if we changed some things half the world would still be making less than $2.50 a day. What I didn’t finish explaining in my post is that we are at a point where if you don’t have money holding our resources back then we could build a infrastructure that could replace all physical labour with machines. Believe it or not but its true. Technology will completely replace physical labour. Of course we had to have a monetary economy but now that we have the capability to replace labour we could do so completely. It is the first time in the history of the human species that we could have a resource based economy at this degree of evolution. So what are we waiting for, or right a global economic collapse and world war 3 to get the rest of the world on board. Infrastructure of the future is going to be bad ASS!

  • Doc Holliday

    So make sure you keep politicians in office who will continue to deregulate the financial system.
    Couldn’t have anything to do with repealing Glass Stegall, could it?
    Nonsense. Regulation bad. Deregulation good.
    We need more.
    Let the banksters do anything they please.
    Give them your first born, just don’t place any rules of conduct on them.
    Romney says he will do just than.
    Obama pretends to want to regulate them.

    Take you pick.

  • Bitch

    This should not be a surprise to anyone the definition of insanity doing the same thing over and over and expecting different results documented human history shows that letting one small group have control is always going to fail there are not any existing ancient civilizations