Why is America in a depression in July, 2011?

(I wrote this piece on Word first, then cut & pasted it here)

Why is America in a depression in July, 2011?

America is currently in a depression, not merely a recession, and it is expected to get much worse over the next 12 to 18 months. What or who caused this depression? According to many economic experts, especially the honest ones you rarely see on the mainstream news, like Max Keiser, Bob Chapman, Paul Craig Roberts, Damon Vrabel, Steve Keen, and many others, the biggest reason for America’s current depression is the direct result of the criminal activity coming from the traitorous Federal Reserve Bank, (The FED), with the assistance of their traitorous minions in government, commerce, and the media.

There is a fantastic video entitled The Money Masters you can find and watch on the internet which explains how the FED came into existence and why it literally owns The United States of America. The FED’s ownership of the U.S.A. includes ownership of the U.S. Government, including every President, Attorney General, always at least five Supreme Court Judges, and both houses of congress. Everyone with any real power and influence is working for this criminal network. And, I mean everyone, without exception!

The owners of the FED, which happens to be a private bank, also own the mass media which includes every major TV and Radio Network. The owners of the FED, a handful of trillionaires, also own the military-industrial complex, the medical establishment, the illegal drug business, the oil business, all Wall Street Banks and Investment firms, and the illegal weapons sales business.

The owners of the FED, led by the Jesuit General, The House of Rothschild, the Rockefeller Family, and a few other trillionaire families have almost total control over every government in the world too. Any country refusing to allow this Ruling Criminal Cabal to set up shop in their country is labeled a Rogue Nation that harbors international terrorists. By the way, every country which has ever allowed one of their central banks to set up shop in their country has always ended up bankrupt, without exception.

This global central banking system, including the FED, has been responsible for intentionally starting every war on the planet over the past 200 years. These wars are always based on lies and deception and every war is about money and power, never about truth, justice, freedom, democracy, or any other noble reason.

There is another wonderful video you can find and watch over the internet entitled The Empire of the City. This video does a great job of helping you understand who really controls planet Earth. Vatican City, Washington D.C., and The City of London (the wealthiest square mile) make up the three sovereign city-states of this evil empire. These sovereign little city states are technically independent nations, acting as one Empire. The Empire has its own flag too.

These trillionaire-led gangsters were responsible for both 9/11 and the Wall Street Scams which have forced Americans to borrow more than $14 trillion dollars from the FED over the past 10 years or so. Today, every income tax dollar paid by Americans goes directly to the FED to pay off the interest, and only the interest, on this $14 trillion dollar debt, which is increasing by about $4 billion dollars every day, about $45,000 every second 24/7/365.

Check out Alex Jones, Jeff Rense, Gordon Duff, Eustace Mullins, Eric Jon Phelps, Dr. William Deagle, Dr. Michel Chossudovsky, Max Keiser, Bob Chapman, and Dr. Paul Craig Roberts just to get started. There are an ever increasing number of serious and honorable investigators and historians researching these profoundly disturbing activities today. An abundance of information is now available from a large number of sources, making the real truth easier to discover and/or deduce today than ever before.

This is just the tip of the iceberg too. As more folks awaken to the truth about the evil these folks have been perpetrating against all of us for many years regarding illegal wars, illegal drugs, cancer cure cover-ups, population reduction plans, genetically modified foods, toxic vaccines, intentionally causing cancer, heart disease, and worse by poisoning us with fluoride, MSG, aspartame, Bisphenol-A, etc., a revolution is inevitable.

Over the past 50 years, America has become the most criminal nation in world history, led by the most criminal government in world history. It doesn’t matter whether there is a Democrat or Republican in charge either. Both political parties are totally controlled by these same few trillionaires. They have learned that dividing people up into political parties makes them easier to control.

As a general overview of the World Power Network, just so you can better imagine who is calling the shots and why, one needs to understand the definition of The Golden Rule these ruling elites live by. Their Golden Rule states, “Whoever has the most gold, rules!”

Now, who do you suppose has more gold than anyone else? When you answer that question, correctly, you have identified the most powerful person or entity on planet Earth. Avro Manhattan, Edmund Paris, Eric Jon Phelps, and other historians believe the worldwide wealth of the Catholic Church is greater than the wealth possessed by any other person or entity. Therefore, according to their Golden Rule, whoever controls the Vatican Treasury is also, by definition, the most powerful person on the planet.

Who controls the Vatican Treasury? Since 1814, The Superior General of The Society of Jesus, the top ranking Jesuit, has controlled The Vatican Treasury. Currently, the top Jesuit, also known as the Jesuit General, and derogatorily as The Black Pope, is a man named Adolfo Nicolas. Today, he is the most powerful man in the world, the leader of the Ruling Elite, the man most responsible for Hell on Earth.

In 1823 the Jesuit General, the Black Pope, hired the House of Rothschild as the Vatican’s Investment Banker. They have been together ever since. The Rothschild’s biggest customer is the Vatican! Using the Rothschild’s as front men, the Vatican has been the real power behind the scenes. The Jesuits control the Zionists who control America, The UK, Israel, and many other countries. They want a one world government; let’s call it The World Corporation, Earth Inc?

reply to post by bwinwright


One of the Zeitgeist movies explains it very well. It is mostly due to the FED. The conclusion is this: "self generating debt which is literally inescapable".

reply to post by bwinwright


you had me right here:

Why is America in a depression in July, 2011?

America is currently in a depression, not merely a recession, and it is expected to get much worse over the next 12 to 18 months. What or who caused this depression? According to many economic experts, especially the honest ones you rarely see on the mainstream news, like Max Keiser, Bob Chapman, Paul Craig Roberts, Damon Vrabel, Steve Keen, and many others, the biggest reason for America’s current depression is the direct result of the criminal activity coming from the traitorous Federal Reserve Bank, (The FED), with the assistance of their traitorous minions in government, commerce, and the media.

spot on!

reply to post by bwinwright


Good piece, do you do carpentry? you hit that nail right on the head

Good work OP! Your piece sounds like an introduction to global finance 101.....of course, your not going to find this in any college text book.

Nice OP. Well thought out. Just wanted to add a little info about another one of the big manipulators here. You know those people who draft your IRS checks? In the corner there where it says 'State Street Bank'? I mentioned it a year ago but it needs to be redressed. I was floored by their 'about us' back then, and it's even worse now. Here's a few quotes from their website

With US$22.6 trillion in assets under custody and administration, and US$2.1 trillion under management as of March 31, 2011, State Street is an industry leader and innovator

>
No. 1 Provider for Institutional Investors
Global Custodian, 2010 Global Custody Survey

>
No. 1 provider of US mutual fund custody and accounting services1

>
No. 1 servicer of alternative assets globally2


>
Best online bank among FX trading systems (Currenex)
Global Finance, 2011 Best Foreign Exchange Providers

>
No. 1 servicer of private equity assets globally2


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No. 2 servicer of real estate assets globally2


>
No. 2 investment manager of US institutional tax-exempt assets3


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No. 2 servicer of hedge fund assets globally2


>
Most Recognized ETF Brand
exchangetradedfunds.com, 2010 Global ETF Awards


1 2009 Mutual Fund Service Guide

2 No.1 in alternative fund servicing: ICFA Alternative Fund Administration Survey May 2011; No. 1 in private equity servicing; ICFA 2011 Alternative Fund Administration Survey and State Street analysis aggregating private equity capital commitments under administration totaling $237 billion and risk and analytics services for committed capital totaling $269 billion as of Dec. 31, 2010; No. 2 in real estate servicing: ICFA Alternative Fund Administration Survey May 2011; No. 2 in hedge fund servicing: HFN.net Q4 2010 Hedge Fund Administrator Survey.

>
Total assets under custody grew from $6.1 trillion in 2000 to $15.9 trillion in 2010


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Total assets under management grew from $711 billion in 2000 to $2.0 trillion in 2010

A global footprint
With 29,000 talented and dedicated employees all over the world*, State Street offers a global perspective backed by local industry expertise. We maintain operations in 26 countries covering all major investment centers. Our network spans more than 100 geographic markets, facilitating our clients’ investment strategies wherever they see opportunity.

By leveraging the strength of a global network and an integrated technology infrastructure, we provide our clients with a worldwide platform for growth, creating custom-tailored solutions that can support even the most complicated investment strategy in virtually any market.

You can also read about them at one of their other spinoff subsidiaries at State Street Global Advisors. But while at the State Street Bank website, click on the Partners link and see the other syndicates in their global empire.

They are entirely too big to fail, and they never get talked about in the news. They're right up there with Blackrock, and Govt Sachs. Here's a bit more info on SSB

no one complained when the credit/debt expansion was passed out freely to the full employment economic model...
anyone that could fog a mirror was given credit for overpriced vehicles, gigantic mortgages, flipping houses became a money generating fad...

but now that all the serfs are no longer needed for profits to keep rollng in to the Corporate America Inc.
the full employment model is tossed aside as a wasteful endeavor...

the key to membership is not joining the clergy or the bilderburgers, nor the money changers such as the Rothschilds or central banks, goldman sachs, etc...

all one needs is a ego driven by GREED and the moxy to skrew your neighbors and other desperate investors

Another tidbit of info about State Street:

State Street only deals with institutions like fund managers and pension funds. With a pool of US$110 trillion worth of funds worldwide under custody, there are only four major players and State Street is one of them. State Street currently has seven offices with around 2,900 staff deployed in Asia Pacific.

from this link

reply to post by St Udio


Yep, the Robo-signers and forced bank loans put us in a bad spot, especially after the contracts were signed, that 'bank credit' was maliciously morphed into the Fraction Reserve system to be overleveraged and underhedged. 99% of the global financial system is corrupt, selfish, and translucent.

You guys are forgetting the most obvious culprit and ongoing problem since the 1930's.... the US government (past administrations right on up to the current one) has been spending money like it grows on trees.

Needless wars, paranoid defense and security measures, nuclear testing/development, secret experiments and study of various weapons/security/science development, the space race, financing other nations, jetset government spending sprees, building armed force bases worldwide/underground/etc... you get the idea.

And those are just some of the expenditures that show on the books. Gawd only knows what was done with the billions upon billions of dollars that have not been accounted for over the decades (known as miscellaneous expenses on the budget books).

Spending more than what you have coming in for revenue has a tendency to catch up on you after a while.

It's pretty straight forward from an accounting perspective.

Originally posted by CranialSponge
Spending more than what you have coming in for revenue has a tendency to catch up on you after a while.

It's pretty straight forward from an accounting perspective.

Wrong!

Without the twisted banking system, how can any government "spend" what they don't have? If there is enough food and services and everything gets done, why do we have to be in debt? If there is enough wealth there to feed everyone, why can't we share the work and all have some wealth? The banks of course.... Think about it - it really isn't as difficult as it looks.

reply to post by bwinwright


i wouldnt call it a depression just yet but i think its close to one

The United States was fine when george bush was in office.This moron has destroyed the country.

Originally posted by brindle
The United States was fine when george bush was in office.

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Originally posted by pplrnuts

Originally posted by brindle
The United States was fine when george bush was in office.

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If you doubt the veracity of my statement,take a look at all of the known indicators of Economy well being .Each and every one was significantly better during the term of george bush--personal savings,employment rate,cost of living,crime rates,gas prices,the list goes on and on.The counrtry was fine,now its ruined.

i have yet to hear a reporter ask during the whitehouse's daily briefings who and what the united states owes money to. specifically.

i have also yet to hear a reporter ask the whitehouse directly if the united states owes money to the federal reserve and how much.

and, how can the united states owe money to an institution that it created thru an act of congress, and an institution where it appoints a chairman to oversee its interests.

if the united states does owe money to it, and why not, with a same act of congress dissolve the federal reserve and wipe out any debt as an act of national interest.

not just for national interest, but for national and global survival.

why is the united states president not using the privilege of executive order to suspend interest payments to the federal reserve.

why has and is the united states, thru this institution, owing money to foreigners with foreign interests and allowing them to own private banks and seats on an american federal reserve.

Originally posted by randomname
if the united states does owe money to it, and why not, with a same act of congress dissolve the federal reserve and wipe out any debt as an act of national interest.

You'll go the same way as the Dead Kennedies for suggesting things like that. Just because it's true doesn't mean you're allowed to say it.

If you wiped all world debt tomorrow, who would be worse off?

reply to post by bwinwright


1) define economic depression

2) demonstrate how the US is in a depression right now with facts and data from credible sources

Originally posted by syrinx high priest
reply to post by bwinwright

 

1) define economic depression

2) demonstrate how the US is in a depression right now with facts and data from credible sources

edit on 17-7-2011 by syrinx high priest because: (no reason given)

They may want to come up with a new word in that book for whats going on right now. Its not classical, it would seem.

And by the way this thing was already slowly rolling in durring the Bush years.

Originally posted by syrinx high priest
reply to post by bwinwright

 

1) define economic depression

2) demonstrate how the US is in a depression right now with facts and data from credible sources

(1) Considered, by some economists, a rare and extreme form of recession, a depression is characterized by its length, by abnormally large increases in unemployment, falls in the availability of credit— often due to some kind of banking or financial crisis, shrinking output—as buyers dry up and suppliers cut back on production, and investment, large number of bankruptcies—including sovereign debt defaults, significantly reduced amounts of trade and commerce—especially international, as well as highly volatile relative currency value fluctuations—most often due to devaluations.

(2) www.shadowstats.com