(News & Editorial/ The clock is ticking, time is running out.)
A. Will America make it to 2018 before the largest depression in history strikes?
July 2013, Answers.Yahoo.com, by Deusche
Pasted from: http://answers.yahoo.com/question/index?qid=20130626135336AACi7MV
Economic collapse is now a mathematical fact for the future of the western nations, the only question which remains is when. Every chart points to the 2018 period where we hit completely unsustainable figures in debt/income rations, 0% savings rate, and facing a deficit of 2X the taxable capacity. In other words, despite all the blind hope many people have, the US government can not raise taxes 100% and maintain a healthy economy, nor can people continue to spend 110% more than they make with $0 savings. It just simply isn’t possible. The trends will not reverse either, these trends have not changed since 1960, and would amount to a complete cultural shift of not spending anything and converting that money to debt and savings. This clearly is NOT going to happen before 2018.
So the question remains, will we slip into the depression prior to 2018, or will we do like everything else and wait until the last second and go off the cliff?
The days for disagreement and debate for whether the dollar will collapse are over. If you think there is a chance it will NOT then you lack the knowledge of our current economic system and I have no interest in your opinion because it is based on propaganda and complete ignorance. If you chose to ignore the blatantly obvious facts staring us in the face then you won’t matter soon anyway because you’ll lose all of your money on deposit and starve to death before 2020. (The FDIC currently only holds enough reserve for 40% of the nation’s current depositors, which is pointless anyway since the dollar will have no value)
Will enough people see the future and begin to withdrawal from the US dollar and cause the depression to begin early, or is this country too filled with the mindless and irresponsible that it will actually make it to 2018?
So out of curiosity,
How many here have at least 2 years worth of equity in non-dollar based wealth?
Who here has 3-6 months of access to food and water?
Who here has the ability to maintain these conditions > 100 miles from a major city?
Who here has NO debt, and a second trade which will be useful in a micro economy?
If you answer yes to all of these, congrats, you will survive to see 2020, if you answered NO to any of these, then your odds are incredibly small.
You have up to 1 year and 2 months remaining to make these things happen. You will not be warned by CNN, Bloomberg, newspapers, goofle, or any other media outlet, just like every other time in history when an economic crisis hits and they are blinded by normalcy bias. It puzzles me still why people think the news is going to warn them of a depression, they never have and never will. By the time you hear a Moody’s downgrade, the market dropping 1000 points in a single day, or the Fed doubling QE after an emergency session in DC it will be too late.
Many people tried to stop the great depression, dumping billions (trillions in todays inflated currency) into the systems hoping to stop it, but in the end the market and the collapse is not something anyone can stop.
This is the only Warning you will receive. It’s up to you whether you chose blind faith and financial data based on best case propaganda, or whether you do the research and realize the facts. Even common sense tells you a society completely based on financing there is something seriously wrong. Remember, the markets always surge before the crash. We’ve had the surge, so we know what comes next.
What you can do is stock up on basic living needs. Normalcy Bias tends to leave people with the false impression that we will always have access to cheap food at the grocery store. The average travel your food makes is 1500 miles, so it won’t take much to stop that flow. People need to remember, this past 50 years of success have been a FLUKE in human history. Starvation and suffering has been the normal for 99% of human history. We’re about to enter a NATURAL cycle of a major downturn. The reason is quite simple. The average person consumes more than they contribute. This adds up, and today our society is at its breaking point. Taxes can NOT rise and produce more, it will only shut down businesses and increase unemployment. Taxes lowered or remaining the same will definitely lead to US defaults. Either way it’s coming.
There is no “Which one” you idiot. The entire western civilization and their governments are completely broke. What part of this do you not understand? Which chart can’t you read? What part of 100% broke is so hard to figure out? These are not standing figures, these are ratios. Do you know what a ratio is? Probably not…
110% consumer di debt/income
3:1 deficit increase
This means the entire western civilization is spending MORE than they bring in. So when people say there is nothing wrong, the economy can continue they are not only wrong, they are completely and utterly clueless.
1 – 2 does not equal + numbers. You can’t barrow out of debt, you can’t continue spending more than you make. At some point the lenders STOP, and what do you think interest rates will do?? We can barely afford the debt service now at practically 0%, so just how exactly are people and the governments going to afford 2X 4X 9X the payments???
B. Celente Warns: “If You Don’t Have Your Money In Your Pocket It’s Not Yours”
22 Oct 2013, SHTFplan.com, by Mac Slavo
Pasted from: http://www.shtfplan.com/headline-news/celente-warns-the-collapse-of-2014-if-you-dont-have-your-money-in-your-pocket-its-not-yours_10222013
(Image courtesy Dees Illustration)
If there’s one thing that should be clear, it’s that nothing the government or their banking partners have done to solve the economic crisis has been for your benefit. They’ve enriched themselves, yet again, on the backs of the American people.
All the while, they’ve told us that everything is getting better. But anyone who’s paying attention know that nothing of the sort has happened.
We continue to shed jobs. Hundreds of thousands of people are still losing their homes. Personal debt is rapidly approaching 2007 levels. The U.S. government has borrowed more money than what we can ever hope to repay.
We are still in the middle of it and it’s only going to get worse.
If you think it’s over, that they saved us and we’re out of the woods, then you’ve got a lot of pain coming your way.
And if you think you still have plenty of time to prepare, that it’s decades or years away, you’d better think again.
Trend forecaster Gerald Celente predicted the collapse of 2008 in remarkable fashion. And now he’s warning of a similar crisis to come next year.
There’s fear and hysteria running through the entire global financial community, because as everybody knows all they did was postpone the inevitable.
[They’re going to] turn more of America into Slavelandia as well, where people can get those part-time jobs, have no insurance, no benefits, and not enough money to live on, and they’ll have to go on food stamps and other assistance…
I’m saying to everybody out there, If you don’t have your money in your pocket it’s not yours.
Any self-respecting adult that hears McConnel, Reid, Boehner, Ryan, one after another, and buys this baloney… they deserve what they get.
And as for the international scene… the whole thing is collapsing.
That’s our forecast.
We are saying that by the second quarter of 2014, 1) we expect the bottom to fall out… or 2) something to divert our attention as it falls out.
It’s the militarization of the United States… because of the grand scheme. And that is, these people may be stupid – the people running government – but they’re very shrewd. And they know… that there’s no way to solve these economic problems.
The mayhem that went on at Walmart when people couldn’t cash in their food stamps.
Multiply that by tens of millions. Multiply that by a breakdown in society.
Look what they did in Boston. To me that was a test. They closed down a hundred square miles… to hunt for a 19-year old kid.
Look at America’s most feared criminal of this last year. A 19-year old kids, Snowden, and Bradley Manning. Now there’s three faces of disaster you never want to meet in a dark alley.
So, you can see how this society is being controlled because they don’t want anyone to get out of line.
Watch Gerald Celente and Alex Jones discuss the coming trends and our future at YouTube:
Make no mistake. It’s coming.
And when it hits, it’ll make the crisis of 2008 look like a picnic.
We survived that one, barely, but it took trillions of dollars just to stabilize, not fix, the system.
This time around, our creditors and the people as a whole may well lose confidence. And once that is lost, look out, because as Gerald Celente notes, the happenings at Walmart when the EBT system crashed were just a prelude.
Imagine that next time around it happens to not just EBT cards, but ATM’s and bank accounts, or that the U.S. dollar itself crashes to such an extent that it is no longer feasible as a mechanism of exchange.
In such a scenario you can fully expect disruptions to food supplies and the normal flow of commerce.
The only saving grace you’ll have are the physical assets in your possession – your arable land, long-term food stores, gold and silver ( http://www.jmbullion.com/ ), and the post-collapse labor skills you’ve developed.
The time to prepare is now or you may well experience the horrific effects to come.
C. Shadow Stats Founder On Hyperinflation: Disruptions to Food Supplies, Normal Flow of Commerce
5 May 2010, SGTFplan.com, by Mac Slavo
pasted from: https://www.shtfplan.com/emergency-preparedness/shadow-stats-founder-on-hyperinflation-disruptions-to-food-supplies-normal-flow-of-commerce_05052010
Many of our readers are familiar with John Williams of Shadow Stats (http://www.shadowstats.com/ ). We often refer to his economic analysis to get the real story about GDP growth, unemployment and most matters of government accounting.
In previous articles, we’ve discussed the threat of Hyperinflationary Depression – No Way of Avoiding Financial Armageddon and What is Money When the System Collapses?
Mr. Williams was recently interviewed by The Gold Report and the discussion revolved around the real possibility of hyperinflationary collapse of the US Dollar and an economists view of what the effects of such a collapse would be. If you haven’t read our previous articles, we’d recommend reading those now as they may provide some ideas, tips and strategies to help you whether the storm in the event that it does happen as Mr. Williams suggests it may.
The following excerpts are just snippets from an excellent interview that is worth your while to read in its entirety.
There’s strong evidence that we’re going to see an intensified downturn ahead, but it won’t become a great depression until a hyper-inflation kicks in. That is because hyper-inflation will be very disruptive to the normal flow of commerce and will take you to really low levels of activity that we haven’t seen probably in the history of the Republic.
Again, if you start to see, 1) a great depreciation of the U.S. currency or, 2) a tremendous increase in lack of confidence in the soundness of the government’s fiscal condition, there is a problem. You mentioned Greece, for example. The sovereign solvency issues there are minuscule compared to what we have with the United States, which is the elephant in the bathtub. The markets know it’s there. The central bankers know it’s there. Again, with the downturn in the economy, all the issues are going to be brought to a head. 3) As they come to a head, there will be that effort to dump the dollar. I would expect that, indeed, it will be decoupled from its reserve status, although it could follow after the fact as opposed to before the fact.
Beyond income issues, the problem with the hyper-inflation is that very quickly the use of cash will cease. Let me contrast our circumstance here with a very popularly followed hyper-inflation case that’s now run its course in Zimbabwe. There you had probably the worst hyper-inflation that anyone’s ever seen. After devaluation upon devaluation, they successively lopped the zeros off the bills. If you took a $2 bill that they first issued back in the ’80s and then tried to come up with the equivalent of a $2 bill in the last form of the currency, it would be very difficult to do because it was so worthless. If you put a pile of those together to equal the original $2 bill, it would actually stretch from the earth to the Andromeda Galaxy. We’re talking light years. There are not enough trees on earth to print them. Yet the Zimbabwe economy survived and functioned. They had a lot of problems, but they operated. The reason they functioned was because they had a back-up system, which was a black market in U.S. dollars. People switched out of the Zimbabwe dollar to U.S. dollars. They could live with that. In the U.S., we don’t have a back-up system.
In terms of preserving the purchasing power of your assets, the best thing I can think of is physical gold. That’s worked over the millennia. I’m not per se a gold bug. It just happens to be a circumstance in which it’s the cleanest asset around for that. You don’t need to put all your assets into gold, but hold some. Hold some silver. I’d look to get some assets out of the U.S. dollar and look to get some assets out of the U.S. When I say outside of the U.S. dollar, again, I look at the Canadian dollar, Australian dollar, Swiss franc in particular. I think they will tend to do particularly well, whereas the U.S. dollar is going to become effectively worthless.
As the dollar breaks down, you’ll also likely see disruptions in supply chains, including shipments of food to grocery stores. People should consider maintaining stockpiles of basic goods needed for living, much as they would for a natural disaster. I sit on the Hayward fault in California. I have a supply of goods and basic necessities in case something terrible happens-natural or man-made-that will carry me for a couple of months. It may take that long for a barter system to evolve, which I think is what you’re going to end up with; at least until a new currency system is reorganized and you get a government that’s able to bring its fiscal house into order. No currency system in the U.S. is going to work unless the fiscal conditions that drove it into oblivion are also addressed.
I like physical gold and silver. I look to gold as a primary hedge. If you can come out of this holding gold, you’ll be in a position where you’ll be able to take advantage of some extraordinary investment opportunities that will follow.
It’s coming, and top (non-mainstream) economists are telling us to get ready.
Contrary to what we hear from Mr. Bernanke, Mr. Geithner, and Mr. Paul Krugman, the economy will not continue to grow indefinitely and we have not completely recovered yet. This is all part of a greater depressive trend in the economy and if Mr. Williams is right, the real numbers will show economic contraction in the latter part of 2010. What will the stock market and bond markets do once global investors and US debt buyers realize that the so-called recovery was nothing more than a mirage?
The Federal Reserve is printing trillions of dollars, and when it becomes apparent that the plans put forth by President Bush and President Obama have failed, we are going to be in serious trouble.
We are going to side with Mr. Williams on a coming hyperinflationary destruction of the US Dollar at some point in the near future (timeframe: +- 5 years), and we hope that Mr. Williams’ assessment of a brief period of disruption to commerce is accurate. Because if it is anything longer than that, then the shit will most certainly be hitting the fan in the style of The Day the Dollar Died or Patriots,, and that will not be in any way pleasant, even for those of us who are ready for it.