I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline.
I have never had any doubt that the U.S. economy as we know it was headed for total and catastrophic collapse, the only question was when, exactly, the final trigger event would occur. As I have pointed out in the past, economic implosion is a process. It grows over time, like the ice shelf on a mountain developing into a potential avalanche. It is easy to shrug off the danger because the visible destruction is not immediate, it is latent; but when the avalanche finally begins, it is far too late for most people to escape…
If you view the progressive financial breakdown in America as some kind of “comedy of errors” or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.
The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF). The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty.
Anyone skeptical of this conclusion is welcome to study my numerous past examinations on the issue of globalization; I don’t have the time within this article to re-explain, and frankly, with so much information on deliberate dollar destruction available to the public today I’ve grown tired of anyone with a lack of awareness.
If you continue to believe that the Fed actually exists to “help” stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something “new”, then certain recent events and policy initiatives do start to make sense.
The year of 2014 has been looming as a serious concern for me since the final quarter of 2013, and you can read about those concerns and the evidence that supports them in my article Expect Devastating Global Economic Changes In 2014.
At the end of 2013 we saw at least three major events that could have sent America spiraling into total collapse. The first was the announcement of possible taper measures by the Fed, which have now begun. The second was the possible invasion of Syria which the Obama Administration is still desperate for despite successful efforts by the liberty movement to deny him public support for war. And, the third event was the last debt ceiling debate (or debt ceiling theater depending on how you look at it), which placed the U.S. squarely on the edge of fiscal default.
As we begin 2014, these same threatening issues remain (along with many others), only at greater levels and with more prominence. New developments reinforce my original position that this year will be remembered by historians as the year in which the final breakdown of the U.S. monetary dynamic was set in motion. Here are some of those developments explained…
Taper Of QE3
When I first suggested that a Fed taper was not only possible but probable months ago, I was met with a bit (a lot) of criticism from some in the alternative economic world. You can read my taper articles here and here.
This was understandable. The Fed uses multiple stimulus outlets besides QE in order to manipulate U.S. markets. Artificially lowering interest rates is very much a form of stimulus in itself, for instance.
However, I think a dangerous blindness to threats beyond money printing has developed within our community of analysts and this must be remedied. People need to realize first that the Fed does NOT care about the continued health of our economy, and they may not care about presenting a facade of health for much longer either. Alternative analysts also need to come to grips with the reality that overt money printing is not the only method at the disposal of globalists when destroying the greenback. A debt default is just as likely to cause loss of world reserve status and devaluation - no printing press required. Blame goes to government and political gridlock while the banks slither away in the midst of the chaos.
The taper of QE3 is not a “head fake”, it is very real, but there are many hidden motivations behind such cuts.
Currently, $20 billion has been trimmed from the $85 billion per month program, and we are already beginning to see what APPEAR to be market effects, including a flight from emerging market currencies from Argentina to Turkey. A couple of years ago investors viewed these markets as among the few places they could exploit to make a positive return, or in other words, one of the few places they could successfully gamble. The Fed taper, though, seems to be shifting the flow of capital away from emerging markets.
The mainstream argument is that stimulus was flowing into such markets, giving them liquidity support, and the taper is drying up that liquidity. Whether this is actually true is hard to say, given that without a full audit we have no idea how much fiat the Federal Reserve has actually created and how much of it they send out into foreign markets.
I stand more on the position that the Fed taper was actually begun in preparation for a slowdown in global markets that was already in progress. In fact, I believe central bankers have been well aware that a decline in every sector was coming, and are moving to insulate themselves.
Is it just a "coincidence" that the central bankers have initiated their taper of QE right when global manufacturing numbers begin to plummet?
http://www.agweb.com/article/us_stocks_drop_as_manufacturing_gauge_falls_more_than_forecast_BLMG/
http://www.bloomberg.com/news/2014-02-01/china-manufacturing-gauge-falls-to-six-month-low.html
Is it just "coincidence" the taper was started right when the Baltic Dry Index, a global indicator of shipping demand, has lost over 50% of its value in the past few weeks?
http://investmenttools.com/futures/bdi_baltic_dry_index.htm
Is it just "coincidence" that the taper is running tandem with dismal retail sales growth reports from across the globe coming in from the final quarter of 2013?
http://www.scmp.com/business/economy/article/1421025/no-christmas-cheer-hong-kongs-retailers
http://business.time.com/2013/11/14/walmart-sales-dip-as-low-income-americans-close-wallets/
And, is it just a "coincidence" that the Fed taper is accelerating right as the next debt ceiling debate begins in March, and when reports are being released by the Congressional Budget Office that over 2 million jobs (in work hours) may be lost due to Obamacare?
http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204
No, I do not think any of this is coincidence. Most if not all of these negative indicators needed months to generate, so they could not have been caused by the taper itself. The only explanation beyond "coincidence" is that the Federal Reserve WANTED to launch the taper program and protect itself before these signals began to reach the public.
Look at it this way - The taper program distances the bankers from responsibility for crisis in our financial framework, at least in the eyes of the general public. If a market calamity takes place WHILE stimulus measures are still at full speed, this makes the banks look rather guilty, or at least incompetent. People would begin to question the validity of central bank methods, and they might even question the validity of the central bank’s existence. The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective, or seen as the cause.
We all know that the claims of recovery are utter nonsense. Beyond the numerous warning signs listed above, one need only look at true unemployment numbers, household wage decline, and record low personal savings of the average American. The taper is not in response to an improving economic environment. Rather, the taper is a signal for the next stage of collapse.
Stocks are beginning to plummet around the world and all mainstream pundits are pointing fingers at a reduction in stimulus which has very little to do with anything. What is the message they want us to digest? That we “can’t live” without the aid and oversight of central banks.
The real reason stocks and other indicators are stumbling is because the effectiveness of stimulus manipulation has a shelf life, and that shelf life is over for the Federal Reserve. I suspect they will continue cutting QE every month for the next year as stocks decline. Will the Fed restart QE? If they do, it will probably not occur until after a substantial breakdown has ensued and the public is sufficiently shell-shocked. The possibility also exists that the Fed will never return to stimulus measures (if debt default is the plan), and QE stimulus will eventually be replaced by IMF "aid".
Government Controlled Investment
Last month, just as taper measures were being implemented, the White House launched an investment program called MyRA; a retirement IRA program in which middle class and low wage Americans can invest part of their paycheck in government bonds.
That’s right, if you wanted to know where the money was going to come from to support U.S. debt if the Fed cuts QE, guess what, the money is going to come from YOU.
For a decade or so China was the primary buyer and crutch for U.S. debt spending. After the derivatives crash of 2008, the Federal Reserve became the largest purchaser of Treasury bonds. With the decline of foreign interest in long term U.S. debt, and the taper in full effect, it only makes sense that the government would seek out an alternative source of capital to continue the debt cycle. The MyRA program turns the general American public into a new cash stream, but there’s more going on here than meets the eye…
I find it rather suspicious that a government-controlled retirement program is suddenly introduced just as the Fed has begun to taper, as stocks are beginning to fall, and as questions arise over the U.S. debt ceiling. I have three major concerns:
First, is it possible that like the Fed, the government is also aware that a crash in stocks is coming? And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little savings they have as panic over declining equities accelerates? Bonds do tend to look appetizing to uninformed investors during an equities rout.
Second, the program is currently voluntary, but what if the plan is to make it mandatory? Obama has already signed mandatory health insurance “taxation” into law, which is meant to steal a portion of every paycheck. Why not steal an even larger portion from every paycheck in order to support U.S. debt? It’s for the “greater good,” after all.
Third, is this a deliberate strategy to corral the last vestiges of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or annihilated? What happens if there is indeed an eventual debt default, as I believe there will be? Will Americans be herded into bonds by a crisis in stocks only to have bonds implode as well? Will they be conned into bond investment out of a “patriotic duty” to save the nation from default? Or, will the government just take their money through legislative wrangling, as was done in Cyprus not long ago?
The Final Swindle
Again, the next debt ceiling debate is slated for the end of this month. If the government decides to kick the can down the road for another quarter, I believe this will be the last time. The most recent actions of the Fed and the government signal preparations for a stock implosion and ultimate debt calamity. Default would have immediate effects in foreign markets, but the appearance of U.S. stability could drag on for a time, giving the globalists ample opportunity to siphon every ounce of financial blood from the public.
It is difficult to say how the next year will play out, but one thing is certain; something very strange and ugly is afoot. The goal of the globalists is to engineer desperation. To create a catastrophe and then force the masses to beg for help. How many hands of “friendship” will be offered in the wake of a U.S. wealth and currency crisis? What offers for “aid” will come from the IMF? How much of our country and how many of our people will be collateralized to secure that aid? And, how many Americans will go along with the swindle because they were not prepared in advance?
You can contact Brandon Smith at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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written by Country Codger , February 05, 2014
Good article Brandon. I just wish more people understood what is happening at this very minute. Instead of America dying in one fell swoop it is dying the "Death of a thousand cuts". If everyone waits for a "major" event it will be too late.
Keep up the great work
written by liberty minded , February 05, 2014
I agree that the government will have to look to its citizens for the money to cover the debt and will either pull a "Cyprus" or move all of our retirement assets over into their bonds. So for those of us who have been faithfully and dutifully putting the maximum amount we could into IRA/401K for the past 30 years, do we "cash out" our accounts and pay taxes and penalties that take 50% of it or leave it there hoping that a Cyprus style grab will only take 10%. Is there another option?
written by Henry Bowman , February 05, 2014
My father, whom has been sick for a while passed away recently, but not before the state took all his money. He was old school with his money ,always squirreling away for retirement , had gotten two inheretences from my grand mother and an aunt and had good insurence. He always wanted to have all his money in IRA's or saving accounts. So when he had to go into a nursing home, the insurence swapped to a state ( mass health) plan. We had to cash out all his accounts,and life insurence everything and the state took it. Now I'm sure the state will use this money to boost the economy ( right ) . So to any one who still trusts the state and the banks , screw them. When my aunt passed they found a metal lock box with $30000 in it. That was there bank. It was then put into a bank account that the state now has. Thanks .
written by Sergio , February 05, 2014
We have nothing but the things under our direct power of control... and even that is negotiable.
But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal.
written by property owner , February 05, 2014
What do you think the future is for real estate owned "free and clear" that many people own. I've seen major increases in property taxes and fees lately. Also, if property tax increases are limited, they find other ways to increase the take for the government. My current property tax bill has 13 lines of charges on it for everything from school to recycling to mosquito control to road repair. Actual property taxes are limited to a small amount per year but the other items show massive increases. These other items are set by boards and groups which are not elected and not accountable to the public. As an example, one properties tax bill went from $600 to over $1500 in a single year.
What sense does it make to own property if they can simply raise the taxes and fees to the point you cannot afford to pay them at their whim, with no accountability and no way to fight it. Any appeal you make regarding the tax bill is limited only to the actual property tax and NOT the other "fees", so probably 3/4 of the bill is not open to dispute.
written by NY1 , February 05, 2014
Here's a great article on Dmitry Orlov's Blog about how economies collapse and markers for determining the timing. Also, how government chases the wealth of the citizens along the path to collapse.
Different countries approach wealth confiscation differently (Italy is doing it based on their cultural norms, the Soviet Union took a different approach), depending on the circumstances, but they all do it until the populace is drained, and there is nothing left to take from them. When there is nothing left to take, government falls.
http://cluborlov.blogspot.com/2014/02/how-to-time-collapses.html
written by Henry Bowman , February 05, 2014
As a believer I know about not storing things up in this world, I try to tythe as much as I can and try to do things for those in need. I'm just getting sick of having whats mine taken and given to those that won't do for them selves. From taxes to increase fees on everything, fuel going through the roof, to those who try and do the right thing and save only to have it taken away. We have several hotels locally that are now housing several homeless familys ( I know they need a hand up, not a hand out). With the state bringing them into the area they are now costing locals more in local taxes due to schools, and services. There has been a large up tick in crime ( break ins ,drugs ) so the cops are constently being called.
written by COL Mike , February 05, 2014
Brandon, very insiteful article. Here's one for your readers. If you are looking for an area to diversify some of your hard earned labor/wealth out of fiat paper that has little or no counter party risk and is extremely undervalued. Then buy "Physical" SILVER! SILVER! SILVER! SILVER! SILVER! SILVER!
COUNTER PARTY RISK will destroy most of what Americans call wealth!
written by Mt Top Patriot , February 05, 2014
Mr. Brandon,
What effects on this system of fiat will result if enough American's decide to not buy into MyRA where not enough wealth is stolen to implement it's intended purpose?
There are signs of resistance to tyranny everywhere, from none participation in obama care to Connecticut's magazine and battle rifle registry.
Defying this odious scam of squeezing the only actual wealth from American's is quite possible. It is an obvious con.
You got to have lived on the back side of Mars under a rock not to know the last MyRA, aka social seurity, has been pillaged and raped by the same horde of elected and unelected psychopaths as who desire to start afresh by rebranding the same system of theft.
You think enough folks are ignorant of the truth to make it work?
It's going to take unimaginable amounts of peoples money to replace the previous scams.
Quite frankly everyone but a tiny percentage are tapped out at the limits of their funds or unemployed.
These same son of a bitches have managed to rob of us of even our seed corn prosperity wise.
What kind of money are we talking here they are hoping to extort and con us out of?
written by Brandon Smith , February 05, 2014
@Patriot
I think the Feds will do what Cyprus did and confiscate, either through automatic taxation through your paycheck, or by shaving a percentage off personal bank accounts.
The problem is, though, that there is nowhere near enough private savings in the U.S. to support Federal debt (which adds around a trillion dollars "officially" and annually, and far more counting entitlements). The current suggested MyRA cut from paychecks is $100 per check, though I think you are allowed to determine a set amount for now.
This may be why banks have been moving towards restrictions on withdrawals. They want to remove the public's ability to pull their accounts en masse in light of possible government confiscation. I believe that this process is meant to corner as much private wealth in the U.S. as possible in order to ensure very few people will have the ability to operate independently during a crisis.
written by Steve B. , February 05, 2014
The stage was set when Kissinger and Nixon went to China and overnight China became a "capitalist" country. Consider that Mao was a Rockefeller/Rothschild agent (as was Chiang Kai-shek) and the designated winner of the Chinese revolution. The UN long ago declared China the "model state" for the 21st century. The UN is only a front group for the World Feudal State, long planned by the Black Nobility (Pilgrim's Society, Le Cercle, 1001 Club are all close to the eye of the pyramid). Since then the US has had only one function: to standardize the world militarily, especially after false flag 911, by eradicating "terrorists", really the unstandardized countries. This is close to done, Syria being the obvious loose end. (The Iranian situation is mysterious, but, as I have noted before, Khomeini was a CIA/MI6 asset, and has anything changed?) After offshoring all the jobs to China, a series of asset bubbles was created to prop up the military assault, the last one now playing out in the US T-bond. So more taper to keep that bubble going a bit longer or end taper to explode it right now? The answer depends on the exhaustion of the US role, as a bankrupt US can no longer fund the military standardization. That China and other countries are now selling T-bonds is significant, as they were players in the asset bubbles and funded the military operations
Concomitantly, all the precious metals were shorted to enable outsourcing the precious metals very cheaply to China. And who owns China? As noted above, the same Black Nobility that calls the shots in the US. As always, all sides are controlled by the character Ian Fleming (high level MI6) called Blofeld in his novels, which were based largely in fact. The transfer of the final gold and silver stashes to Eastern places is also a sure sign that the US wreckage can take place.
Yes, Americans will fund the T-bonds to enable theft of all their remaining wealth. The mortgage bond bubble involved sales of mortgages 10 times over on the same properties, and some of the mortgaged properties did not even exist. No way out of that, though the Fed can buy up those bonds and has. This is before we get to the quadrillion dollar derivatives disaster. The derivatives were specifically designed to crash the economic system.The Banks are broke and will be after every dollar is stolen from the citizens. But that is the plan. Hyperinflation or massive defaltion/depression/foreclosure (taper v. non-taper) are the only solutions if the banks aren't liquidated. But the banks may be part of the wreckage to "prove" that we need a unified world system. Problem-reaction-solution, as it is called.
Lindsey Williams has been told that a "global currency reset" is imminent. IMF to install. Williams is no financial genius, merely a conduit for the Black Nobility. So we are close to dollar destruction via the introduction of a new reserve currency. The dollar is to decline 30-50% when that happens. Instant US hyperinflation will ensue and likely social chaos. It also is consistent with continuation of the taper strategy--both to steal the remaining wealth and usher in the new system. It comes either way, timing the only issue. If the US job is not complete, I expect we might see the QE saga continue a little longer. But the timing is now very short and the end of the line is apparent.
written by iwitness02 , February 06, 2014
It is difficult to think in the actual size and scope that this requires. The full length and breadth and height and depth is hard to take in. Evil covers the earth as the water covers the sea. We need a reset on that.
written by justanobserver , February 06, 2014
Brandon,
While I agree that confiscation of deposits is a possibility (and the government laid the ground work for that with Dodd-Frank) I think more finds would be available by mandating a change to all IRA/401'k accounts (remember, the IRS can make any rule/regulation changes any time).
Another commenter asked about free and clear real estate. Wait till they find out that the 300 year old system of property records was crippled by the banks, their creation of Mortgage Electronic Registration System, the failure to record mortgage transfers, the failure to pay transfer and recordation fees at the county level (where property records are maintained), and the depth of the criminality that will not ever be prosecuted.
Confiscating deposits (while envisioned by the government and bank regulators) might be too up front when the same result can be obtained with subterfuge.
written by Sergio , February 06, 2014
Where are you located, Henry? Just out of curiosity - you mention Mass Health.
The Word said that when Israel took a king for themselves, that the king would take the most and the best of their livelihoods. YHWH warned them that they wouldn't like it.
In today's world, I can't stand seeing money taken by the state. It would be one thing if it went to a wise purpose, but there is just so much wasted money it makes one sick.
At the end of the day, even though YHWH blesses private property and ownership, wealth is fleeting in our day and age. We may have to put our lives and our fortunes on the line in order to salvage a future for our progeny.
written by Ctprepper , February 06, 2014
I believe the plan follows the Japanese blueprint. The public holds a major portion of their government bonds and most happily buy 10 years at .6%. Banks and pension funds are also "encouraged" to participate heavily. This is how they seem to purr right along with a 250% debt ratio and still create trillions of yen a year with seemingly no repercussion. What genius!
I'm afraid nearly the same demographics will force the US along the same path. It'll be deflation, not inflation for a long long time. Nobodies gonna be earning a wheelbarrel full of money when people are tripping over each other to under bid a job. And Japans got a 10 year head start on us, so don't expect the crash soon. And forget PMs. DEFLATION, DEFLATION, DEFLATION!
written by Paul from Indiana , February 06, 2014
They don't need Dodd-Frank. A legal legacy from the Depression, which in the beginning stages saw horrendous bank runs and bank failures as a result, is a 30-day deferment clause that banks can invoke on so-called demand (primarily checking and savings) accounts. For public-relations reasons, the banks seldom invoke that right, but it has happened to me, as far back as the '60's, where I presented a demand instrument (at the time a passbook withdrawal from savings request) and was told to come back later. THIS IS REAL. Check it out with your bank. They will say something along the lines of, well, yes it exists, but we would NEVER do that, never keep you from your money... Yeah, right.
The plan is to bankrupt you and me, and therefore the country, for the sake of control. As Brandon says, the events of today are merely preparations, softening the American populace up for the eventual loss of individual freedom and collective freedom, i.e. sovereignty, otherwise known as self-rule. That is what is at stake here.
written by Paul from Indiana , February 06, 2014
In the context of default (meaning we stiff our bondholders, or we hyperinflate and pay the bondholders off in worthless dollars which will satisfy the nominal amount of the bonds), we hear about the dollar becoming devalued or even worthless. This is in the international sense only. The dollar will still be a medium of exchange within our borders. Since the dollar will be worthless internationally, we will not be able to import if we cannot pay in gold or some other mutually acceptable "hard" value (grain, oil, whatever). We will have to be prepared to live in this country, much as we did the first 200 years, off of what WE produce. We used to make and consume all of our own goods. Shoes were made in New England; textiles and clothes came from the South. Cars came out of Detroit. Steel came from Pittsburgh and Birmingham. That might not be a bad place to get back to, all in all. The transition will be rocky. All welfare will be drastically scaled back, as we will no longer be able to finance it via debt. I expect that a cut-back of this nature will cause social turbulence heretofore unseen. It will resemble civil war. This is where preparedness comes in.
written by justanobserver , February 06, 2014
Paul from Indiana-
They may not "need" Dodd-Frank* but a Democratically dominated House and Senate in 2010 passed it and Obama signed it into law. Federal bank regulators (the Federal Reserve and the FDIC) are on board with the idea and will implement it so as not to have to go hat in hand for another bail-out of banks (which are still insolvent and being less than honest about their earnings in their quarterly reports to stockholders as well as the general public).
*Standard bankruptcy would wipe out bondholders, stockholders, and other unsecured creditors. Your deposits (and everyone else's) on a bank balance sheet are liabilities. You are a creditor and they do not care if you have to be destroyed to save their shit-worthless institution.
written by Profit Prophet , February 06, 2014
@ Paul
While I wish I could agree with your logic that products would be made in the US, I cannot. Think about shoes for example: First, there is the time it would take to build the factory. Second, you would need the equipment from somewhere. Third, you would need employees who knew how to operate the machinery. This would take more than a few years. Even if it did happen, you would still have to import the raw materials. I’m sorry. But I don’t believe your view of how it could turn out will happen.
People will riot, bad things will happen, people will beg their politicians to do something. (anything) The politicians will be presented with a “solution” from the IMF, and the SDR will be ushered in.
Some other miscellaneous points I would like to make about the article:
It is important that everyone here understand that bond prices fluctuate just like stock prices. When the price of a bond goes up, its yield goes down. So when a bond is yielding close to 0%, guess what? There’s pretty much only one way the price can go: DOWN! This is the most sinister part of this whole “MyRA “ thing. They are trying to peddle overpriced assets onto people who do not understand them.
And I do see “forced” acquisition of US Treasuries for investment vehicles. But this is not the only thing that can be done if they want to delay the inevitable.
Don’t forget: The leverage banks can take on is set by the Fed. If the Fed comes out and says, “Banks can lever up US Treasuries 100/1.” Then banks could buy $100 of US Treasuries for every dollar of deposits. This is the “trick” Europe uses. This also satisfies the banks because they will buy longer-dated bonds with higher rates while paying depositors nothing in short-term rates. (thus, increasing their profits)
Also: When stock markets collapse OR when emerging markets get into trouble, institutional investors tend to move money into US Treasuries. (This may also –temporarily- strengthen the Dollar which could put gold on an even better sale! YAY!)
I personally feel we have several years to go before we have a currency crisis. I think “they” will wait until the US Dollar is way, way, way beyond saving. They’ve waited a hundred years, what’s 6 or 7 more?
(But as always, don’t use this prediction to be lazy, use it as time to prepare more and more.)
Profit Prophet
written by Rodster , February 06, 2014
I remember listening to Glenn Beck back around 2008-09 and he was going off on how the USA was the last piece of the takedown for global governance and a global currency. I thought he was nuts. Maybe he was thinking out of the box.
written by eric s , February 06, 2014
way too many possibilities out there. one thing is true and that something big is gonna happen I'm just very happy I have the Lord Jesus Christ in my life.
written by TWS , February 07, 2014
Thank you for one of the most informative and insightful articles I have read. Our muslim president is doing a great job of destroying America. A large portion of the US citizens are going to be caught in this trap and be forced to submit unless they prepare.
A "self directed" IRA is available. It is expensive and, to me, complicated to set up. Help can be found on the internet if anyone wants to pursue.
written by mm , February 07, 2014
I heard a good one the other day. We need to start thinking outside the "cage."
written by Mt Top Patriot , February 07, 2014
Was thinking the same thing Brandon. You remember when pelosi mentioned it 2 years back?
This is been in the pipeline as agenda for a long time.
You got to figure what with the devaluation of the greenback, and what fractional banking has sowed, never mind the institutional theft and swindling out of control, there is not enough cold hard tangible wealth floating around that hasn't been stolen from regular folks remaining except land water energy food and precious metals substances.
I'm like you, they are going to resort to overt outright stealing in broad daylight.
You have to get what wealth you have into what you can touch taste and see. Otherwise it's gone.
written by jeanbush , February 07, 2014
The Federal Reserve website states that Basel lll won't be fully implimented until 2015. Does this mean we have another year to prepare for the crash??
I also read by Saddletramp on GLP (before I was banned hahaha!) where he stated that when T-Bonds yield goes up to 3+, interest rates will skyrocket, starting the crash.
Anyone know anything about this?
written by David A. Laibow , February 08, 2014
I've known about the "Final Swindle" since 2007, and as a result, I'm an American husband of a Filipina wife, living in central Luzon, with our moiney invested in Philippine securities that the U.S. government can't touch (and which only Philippine citizens, such as my wife) can purchase -- no foreigners allowed!
I'm Jewish, and I've read Adolf Hitler's "Mein Kampf" from cover to cover. I strongly suspect that "star-spangled fascism" is on its way to a United States of America near you and your family.
If I had been a German Jewish family head, reading "Mein Kampf" in 1926 (the year after it was published), I would have had my family, my money, and myself out of Germany by the end of 1927 -- slightly more than 5 full years before Adolf Hitler became Chancellor of Germany/
I expect that the Democrats will take over the House of Representatives this November because the majority of the voting public are economic illiterates (aided by the usual urban voter fraud and a lot of Republicans switching sides so they won't be left out of the plunder), and then the "Iron Curtain" slams down. No leaving the country, no sending money out of the country.
My advice: get out of the U.S. before the end of October, 2014, and don't look back.
My name is David Laibow, and you can contact me any time at "caballafamily[at]yahoo.com". It's better to be a live ex-American in a foreign country than a dead American going up the chimney of a FEMA crematorium.
written by marco , February 09, 2014
Yes David, Big Yes ! I think you are right. I to have read "Mein Kampf" and have been the canary in the mineshaft for my family for well over a decade. But I must whistle a tune they don't like to hear. Now that I mention it, no one likes it. I am not Jewish, but I am of east euro blood. Good people all of you who commented. Good luck friends ! Just remember" first they came for the communists and I was not a communist so I said nothing, then they came for the ...You know where I am going.
written by dc.sunsets , February 10, 2014
The conditions described in this column are, to me, just symptoms of a much deeper malaise, one that manifests after a very long period of rising living standards.
Complacency, over-optimism and blind faith in pathological philosophy are evidenced by popular consent to fiat money, central planning and increasingly obvious top-echelon criminality.
I don't think all these pathologies are being foisted on an innocent public. I think this vast, multifaceted con game is working because its victims are begging for it.
written by Profit Prophet , February 10, 2014
@ Jeanbush
I’m not sure anyone is going to read this as I am responding a little late. But I believe Basel III has been delayed until 2018. Interestingly enough, the Basel Accord was originally a “European bank regulatory framework”. Then, American banks jumped on it. They jumped on it for several reasons; the primary being that it was “easy” for American banks because they were capitalized much better than European banks. (strange, I know) The unfortunate part is that as this has progressed, the business media and US Banks now talk about this as if it is something all banks have to comply with. Most unfortunate.
Will there be a collapse when it is finally implemented? I doubt it. They will most likely delay and/or change the requirements to fit the banking situation that exists. If there is a banking crisis due to implementation, then it was obviously planned. But I don’t think they want the Basel Accord to be the scapegoat. I think they will want something else.
Regarding T-Bonds going up to 3 percent and causing a crash:
I have not heard this. But I completely disagree with it if it is saying that the rate itself is what will cause the crash. A rate of 3% will add to our interest payments only slightly. Psychologically, it might “shock” a few. But overall, it will not be a big deal. Ironically, I –think- we will see 1.5% before 3%. (We briefly hit 3% on the 10 year recently, and there was very little impact.)
Be very careful when you hear anyone prognosticate about the bond markets. They are so manipulated at this point that most of us who know about them have little to say. And there are few of us who know about them. I used to be able to “read the bond market tea leaves” and gain substantial knowledge about what is currently happening, and often, what might happen. But I am now relegated to rough estimates at best. (like above) The one sure thing I can say is this: The US bond markets will do exactly what the Fed wants them to do, for now.
Profit Prophet
written by BamaMan , February 10, 2014
I understand your frustration but a persons assets are used to pay for their stay in a nursing home before medicaid is not a bad thing. It sucks to see funds depleted to care for an elderly person but who else should pay their bill?
written by anon against bs , February 27, 2014
families should take care of their own. it is not rocket science to take care of an elderly family member. and if your are overwhelmed, a home health aid a couple of hours a day at 10 - 15 an hour is a lot less than a rip off nursing home that sucks the dignity and assets out of your mom or dad or grandmother. no one needs Medicaid, do the math and also go on a tour of your local nursing home and see what 17,000 a month gets you. nothing that is going on there costs that much. it is a scam. I speak from experience. My mother spent her last 4 weeks in a nursing home and all she got was a bed and 3 meals a day and an oxygen machine. $17,000 a month, REALLY????? people wake up, do not get sucked into this Medicaid bullshit. you can die at home in a similar situation and not loose your assets to the state and your heirs will thank you.
written by Wolfgang , June 05, 2014
It is not only you Americans that are going to squeezed and bled financially , when the USA goes belly up and the dollar dies, every other country that has piggy backed on the USA such as Australia and New Zealand etc will descend into chaos , it will only happen two ways, either people will rebel ( not likely in my opinion) or they will except any form of order including martial law to have food in their bellies and so they can still watch the trash on TV. As a believer in the absolute authority of the bible, I see we are heading to the abyss of a one world government and frankly those who do not wish to partake in this joy will be forcibly dealt with in very brutal ways, Jesus said as it was in the days of Noah so it shall be before he comes again, that means, the Nephilim coming back and that means, most of us are not needed, we who see all this are surplus to requirements, lets face it we all die at some time, I am on the right side and that is what counts, they have their hybrid breeding programs in place among the elites in this world. Makes a worldly sense that this is all being orchestrated. Anyone with a lick of commonsense can see you don't need to be a Christian to see what is going on, but you DO need to make clear and concise choices for the times ahead.
