The Federal Reserve is Engineering the Economic Collapse
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 with no constitutional authority 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.
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Duration : 0:7:12
Is the USA doomed to collapse?
Since the economy began sliding downhill in late 2007, mainstream economic and market experts have consistently erred on the sunny side.
As late as June 2008, mainstream consensus held that the U.S. was heading for a “soft landing” and would avoid recession. Several months later, the slump was acknowledged to have started in January 2008, but we were supposed to see renewed growth by mid-2009, with unemployment peaking in the eight-to-nine percent range. A quick “shovel-ready” stimulus bag was supposed to set us back on the road to prosperity.
In January, recovery projections were pushed forward to late 2009. Today, the consensus is for a mid-2010 recovery, with unemployment peaking at just over 10 percent. Clearly, the mainstream has struggled to catch up to reality for well over one year. What are the chances that they finally have it right this time?
Moreover, the mainstream continues to see what is going on as a plain-vanilla recession that will be quelled with some on-the-fly monetary and fiscal tinkering. Washington, we are told, will pull us out of this slump—as soon as the masses can be enticed back to the shopping malls. Then things will return to how they were before. But what if the experts and politicians are wrong not only on their ever-changing recovery timeline, but also on the nature—nay, the very existence—of a recovery?
almost,however,lots of the public is waking up.only time will tell…..
Gerald Celente: Wall Street Fall, Dow Jones collapse, 2010 global crash
The Dow Jones industrial market is down and looks to continue to head that direction. This is not good news for the worlds economies that are trying to bounce back after this recession hit many different nations. Is this a direct reflection of the Greece financial crisis?
Duration : 0:6:51
France’s Lagarde Discusses Proposed Global Bank Tax: Video
April 23 (Bloomberg) — French Finance Minister Christine Lagarde talks with Bloomberg’s Susan Roberts about Greece’s fiscal crisis and the issue of a proposed global bank tax to help pay for future bailouts of the industry.
They talk at the meeting of Group of 20 finance ministers and central bankers in Washington. (Source: Bloomberg)
Duration : 0:2:50
1. The Sovereign Debt Crisis and Default. PIIGS. Portugal Ireland Italy Greece Spain. Whos Next?
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Duration : 0:10:3
Wilbur Ross Discusses Greek Financial Crisis, IMF Aid: Video
April 8 (Bloomberg) — Billionaire investor Wilbur Ross, chairman and chief executive officer of WL Ross & Co., talks with Bloomberg Television about the Greek financial crisis. (This report is an excerpt from the full interview. Source: Bloomberg)
Duration : 0:0:37