Do you believe the economic collapse we just experienced is over?
Do you think another worse collapse is imminent. Is the 15million dollar per second interest payout on our loans to China, Saudi Arabia going to sustain forever? Is the frivilous printing of money by Obamonomics going to hold our heads above water for long. Are
you optomistics or are we in trouble?
This is a debt-collapse Depression (aka balance sheet depression). It is caused by too many people spending money they did not have – taking on debt. Epitomized by a government spending money it does not have and its taxpayers do not have.
Depressions unfold in phases and stages. We have only seen the first leg down, and the first bear market rally. We have a long way to go. It will continue deteriorating until the debts are paid off and the balance sheets rebuilt. BO & Company have done exactly the wrong things, and are making matters worse, and prolonging the pain. They have more than doubled the US’s total liabilities from about $54 Trillion to $110-120 Trillion since 1/20/09, just 6+ months ago.
From the 1929 Crash until the stock market returned to its previous record in 1954, it took 25 years. The Depression itself lasted from 1930 until 1946, after the war ended. This is the Greater Depression since there is so much more debt involved.
And those "green shoots" are just some reused piece of Astroturf flung out the window in front of the sheeple in hopes they will "believe" in the "change." But nobody who is paying the slightest bit of attention to what is going on believes these "changes" are of the slightest benefit to anyone but BO’s campaign contributors.
CNBC – Dollar Will be Utterly Destroyed, Global Currency, New World Order
Friday, 6 Nov 2009 – The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.
“If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.
For those who have claimed this is a fake clip I suggest you visit CNBC’s website:
http://www.cnbc.com/id/33709379
http://www.infowars.com
Duration : 0:3:52
The Economic Collapse-A Short Film- Part 1
http://www.newamerica-now.blogspot.com With the exponential growth of debt and derivatives, a sovereign debt default could trigger economic shockwaves that would make the previous 2008-09 economic collapse look like the pre-shocks of a much larger earthquake. This video presents one possible scenario on how a dollar collapse would affect one family.
To see Part 2: http://www.youtube.com/watch?v=0aejqMt5bJ8
Originally Downloaded from http://www.youtube.com/watch?v=hMokBM6caRE
Thank you endtheillusion for a well put together and necessary video to wake people up. I thought it was important to share this message.
Duration : 0:8:59
Who are the Architects of Economic Collapse?
Most Serious Economic Crisis in Modern History
The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.
This is the most serious economic crisis in World history.
The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.
The levels of indebtedness have skyrocketed. Industrial corporations are driven into bankruptcy, taken over by the global financial institutions. Credit, namely the supply of loanable funds, which constitutes the lifeline of production and investment, is controlled by a handful of financial conglomerates.
With the "bailout", the public debt has spiraled. America is the most indebted country on earth. Prior to the "bailout", the US public debt was of the order of 10 trillion dollars. This US dollar denominated debt is composed of outstanding treasury bills and government bonds held by individuals, foreign governments, corporations and financial institutions.
Who are the architects of this debacle?
In a bitter irony, the engineers of financial disaster are now being considered by President-Elect Barack Obama’s Transition Team for the position Treasury Secretary:
Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006).
Paul Volker was chairman of the Federal Reserve Board in the l980s during the Reagan era. He played a central role in implementing the first stage of financial deregulation, which was conducive to mass bankruptcies, mergers and acquisitions, leading up to the 1987 financial crisis.
Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR)
Jon Corzine is currently governor of New Jersey, former CEO of Goldman Sachs.
The Federal Reserve, The World Bank, and the International Monetary Fund are the architects of this economic crisis. They institute their policies through the CFR, the Trilateral Commission, and the Treasury Department.
The Federal Reserve is Engineering the Economic Collapse
Audio deleted because of a Dark Knight copyright claim.
To most Americans, the Federal Reserve is just another name on their dollar bill. They don’t know that this secretive private bank controls America’s entire economic system. The Federal Reserve is no more federal than Federal Express. Created when most politicians were on vacation in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to phase out the Federal Reserve system giving power back to the U.S. treasury.
Please rate, comment, share, and subscribe.
http://www.campaignforliberty.com/
The Money Masters
Fiat Empire
http://video.google.com/videoplay?docid=5232639329002339531&ei=mbWdSMONDoOm4QLPkeki&q=fiat+empire
Duration : 0:7:12
Where to find a decent job regardless of the global financial crisis ?
Which country is still offering good jobs ? Which industrial sectors are still running good and not affected by the global financial crisis ?
The only place that always seems to be hiring regardless of conditions is the US Military. If you join the Air Force for example, you can come out of there and become a commercial pilot that gets paid very well.