Imminent Global Economic Crash Confirmed!

Originally posted by Komodo
reply to post by michaelmcclen

 

Well, problem is, schools are being manipulated as well, school loans NEVER go away in the USA, you can NOT wipe them out in bankruptcy; thus, I cant take out a loan because I'd never be able to pay it back because....there are no jobs, every market it flooded, wife applied for a .......basic payroll accounting job 18 months ago with the county...BASIC payroll were talking here..

600 people showed up and 3/4 were with bachelors or higher ~!

Also dont pay your loans you get raided
by the police with a search warrant... and papers.. also they can charge more than u even got.. or claim you owe more

i wish i could take my 401k and reinvest it in gold/silver instead of stocks and bonds. when the market crashes it would be worth anything.

Originally posted by michaelmcclen
I grow my own veg and *wink* greens, bring on the hard times Im ready

I can never understand people who really believe if the SHTF they will be fine. There is now a huge brigade of people who grow their own food. This whole crap of me and my family will be fine. To hell with everyone else. People like this never really think things through. If you are the only person for miles around with your own supply of food what exactly you think is going to happen when everything turns to hell? You will need a small army to protect your food because that is what will be coming to take if from you.

Let me introduce to someone else who grows his own veg. He didn't have the worry of someone taking his food supply.

www.youtube.com...

reply to post by JohnySeagull


Probably becuase I come from the suburbs where everyone grows or is able to grow their own resources I have nothing to worry about.

I live in Ireland a small country with a small population that does not readly have access to guns, My garden backs into forrests, rivers and fields same with just about everyone else that lives here so you can safly assume I grew up playing in these areas and know how to make them work to my advantage. That is why im not afraid because there is plenty of land to go around for everyone.

Im proud to say I live in a backword country which still holds community spirit close to its heart. what about where you come from? Do you know nearly everyone where you live? About 1000 people live near me in a mile x mile area and I can honestly say I know most of them if not their family.

reply to post by TechUnique


Take a page out of the gentlemens book above, grow your own veg and *cough greens If everyone did that we'd have no need for state benefits.

reply to post by michaelmcclen


i am guessing you didn't watch the video clip i asked you to watch as you did not bother to address it.

if you were really paying attention to your surroundings you would be noticing a very subtle change. its beginning. its very small and its extremely worrying.

the next time you are out in your fields and forrests and rivers and gardens have a proper look around. open your eyes.

Originally posted by iNkGeEk
i wish i could take my 401k and reinvest it in gold/silver instead of stocks and bonds. when the market crashes it would be worth anything.

You should take your 401k and make a shelter with food and water if you ask me. Hardly no one will have decent amounts of gold anyway, so I don't see it has a good alternative to real money.

The crash is planned and this is where we are being "guided" to:

But first you also have to look at the USA:

Americans, like you are stuck with a fiat currency and the FED more than doubled the money supply in the last couple of years. So why hasn't the USA seen hypeinflation??? I finally found a reasonable explanation.

...Given the previous hyperinflation, clearly there was ample reason for currency revulsion. So you can consider this argument a necessary but not sufficient precondition. What makes the universal acceptance stick is that government accepts its own money to expunge liabilities to it. In plain English, fiat money has value because it is the only money you can use to pay taxes. ....The fact that this money is also the medium of exchange only entrenches its use. So the tax liability is a necessary pre-condition for fiat currency to work, something I will return to....

[No wonder Amendment 16 - Status of Income Tax Clarified was Ratified 2/3/1913, a couple months after the Federal Reserve Act. cv]


Weimar Germany 1919-1923

The key to Weimar's hyperinflation was two-fold.

1. The German government had a large foreign currency debt obligation.
2. The German economy lost huge amounts of productive capacity causing prices to soar as demand outstripped supply....


Zimbabwe

While the facts in Zimbabwe are different, the underlying causes for hyperinflation were the same: foreign currency obligations and a loss of productive capacity.

Zimbabwe had established Independence from Britain in 1980. Yet, by the late 1990s 70% of productive arable land was still held by the small minority 1% of white farmers in the country. After years of talk about redistribution, in 2000, the President Robert Mugabe began to redistribute this land.

The redistribution process was a disaster, .... With agricultural production having plummeted, Zimbabwe was forced to pay to import food in hard currency.

Meanwhile, the government turned to the printing presses to fulfil its domestic obligations. as in Germany, the foreign currency obligations, the loss of productive capacity and the money printing was a toxic brew which ended in hyperinflation.

Hyperinflation in the USA, May 2010

As you can see from the two most severe cases of hyperinflation, the problem in each case was a loss of productive capacity, foreign currency liabilities, and a loss of the ability to tax....

In the German example, the Germans had a huge foreign currency liability that it had to pay, meaning it could not make good on the liability by printing money. It was a currency user as far as these liabilities went. Meanwhile, with productive capacity limited, the government was then unable to ease price pressure through the tax lever. The shortage of goods drove up prices inexorably and the government was forced to turn to the printing press in order to meet its domestic obligations.

In the Zimbabwe example, taxes were again central. Unable to recoup enough tax revenue and with large foreign currency obligations and a loss of productive capacity, the government resorted to printing money in an environment where prices were rising.

So, hyperinflation has very specific preconditions that are not apparent in the U.S..

1. No foreign currency liability: The U.S. dollar is the world's reserve currency so the U.S. can pay for trade goods in U.S. dollars.. The U.S. does not have a peg to gold or some other currency which acts as a de facto foreign currency liability. And the U.S. government has substantially no foreign currency liabilities. All of the debt is issued in domestic currency.

2. Price pressures are still anchored: While commodity prices are rising, they are rising in all currencies, not just in USD. Moreover, their rise will create demand destruction before any hyperinflation could occur. Why? Unemployment is high and capacity utilization is low, meaning there are no inflationary pressures on that front to help push inflation higher before demand destruction sets in.

3. Currency revulsion has not set in: Tax compliance is high in the U.S. We are not talking about Russia, Greece or Argentina where government has had a difficult time in raising tax. Moreover, as the USD is still the world's reserve currency, there has been no freefall sell off of dollars, nor do I anticipate any in the near-to-medium term.

In short, there will be no hyperinflation in the U.S. any time soon.... www.creditwritedowns.com...

The article states tax compliance is high in the U.S yet the Grace Commission Report to the President (1984) states"...one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken...." Now we have a 20% unemployment rate and the retiring of the baby boomers as well as a federal debt increase from fiscal 1983 deficit of $195 billion to over $14 TRILLION (Interestingly the report projected $13 trillion by the year 2000)

Second when the price of fuel rises there is a corresponding rise in the price of everything else.

Third the Russians, China and others are calling for a different world reserve currency than the dollar.

Fourth the OPEC oil countries are moving to the Euro instead of the US dollar, that is the real reason for the heating up of the middle east. The Real But Unspoken Reasons For The Iraq War

If the US dollar ever losses reserve currency status all those inflationary birds are going to come home to roost and we are going to be in a world of hurt.

Eventually a "World Reserve Currency" WILL be put in place after they finish collapsing the EU and the USA.

So we know the bankers are going to do a repeat of the 1930's crash (Great Depression) even The US head of the Federal Reserve acknowledged that the BANKERS CAUSED THAT CRASH! Linky

The next question is WHY?

The goal of course is GLOBAL GOVERNANCE:

"The impulse to possess turf is a powerful one for all species; yet it is one that people must overcome." ...

"global rules of custom constrain the freedom of sovereign states," ...

"sensitivity over the relationship between international responsibility and national sovereignty [is a] considerable obstacle to the leadership at the international level,"....

"Although states are sovereign, they are not free individually to do whatever they want." - Maurice Strong, a member of the Commission, and a likely candidate for the position of Secretary General, said in an essay entitled Stockholm to Rio: A Journey Down a Generation: "It is simply not feasible for sovereignty to be exercised unilaterally by individual nation-states, however powerful. It is a principle which will yield only slowly and reluctantly to the imperatives of global environmental cooperation." sovereignty.net...

GLOBAL GOVERNANCE and the World Trade Organization

A year ago in The Global Journal this article appeared Of What Use is Global Governance? written by Pascal Lamy, Director, World Trade Organization (WTO) He speaks of the European Union as sort of an intermediate stage.

...the very incarnation of an international organization of integration in which Member States have agreed to relinquish sovereignty in order to strengthen the coherence and effectiveness of their actions.

...If there is one place on earth where new forms of global governance have been tested since the Second World War, it is in Europe. European integration is the most ambitious supranational governance experience ever undertaken. It is the story of interdependence desired, defined, and organized by the Member States. In no respect is the work complete—neither geographically nor in terms of depth (i.e., the powers conferred by the Member States to the E.U.), nor, obviously, in terms of identity....

Our challenge today is to establish a system of global governance that provides a better balance between leadership, effectiveness, and legitimacy on the one hand, and coherence on the other...

So there it is stated very bluntly. The goal is "to establish a system of global governance" forget all the lies used to justify why.

The next Question is WHEN?

Global Governance 2025 | Atlantic Council

This report analyzes the gap between current international governance institutions, organizations and norms and the demands for global governance likely to be posed by long-term strategic challenges over the next 15 years. The report is the product of research and analysis by the NIC and EUISS following a series of international dialogues co-organized by the Atlantic Council, TPN, and other partner organizations in Beijing, Tokyo, Dubai, New Delhi, Pretoria, Sao Paulo & Brasilia, Moscow, and Paris. The executive summary is below.

Executive Summary
Global governance—the collective management of common problems at the international level—is at a critical juncture.....

Globa l Governance 2025 Planned by US & EU Intelligence Agencies Document Obtained Thru FOIA. You may read this September 2010 report, courtesy of our Freedom of Information Act, at cia.gov.

reply to post by JohnySeagull


To be honest I glanced at the video and did not give it my full attention as it talks about residents and radioactive materials.

I hope your not talking about radioactive land and if your refering to a death of species then I must point out that our climate has been getting warmer and i Have notice new insects such as crickets and grasshoppers that are not usually attributed to our climate. This can be good and bad, one its a new food source for birds which will be my staple meat supply on the other hand it will have an adverse effect on the vegtables that grow wild because more insects will be eating them.

I know my enviroment, as I have explained I grew up in it, I hunt with springers on the land every other night, partrige, pheasent and haire. This does not mean I kill every night, I dont bring the rifle with me, I let the dogs do the work in catching my prey. Maybe once a week they get a kill for me so its not like im depleting the reserves much.

But if you are going down the line and saying my soil is contanimated then im not even going to reply to anymore responces from you, im sorry. You first came on here proclaiming that you hate people that have the I grow my own and im ready mentality, with out knowing my circumstances where I live , my experiances, my countrys customs and traditions and presumed that when the economic crisis starts that the bigger boys will come and loot my reserves.

Then when I explain that im not in a prision state but auctually living in Ireland which is famed for its farm life you now start warning me about the level of raidiation because of a nuclear melt down in Japan and that my way of life will be so effected that I will not be able to sustain my self.

Im making the best out of a bad sitiuation and your hear chirping at my heels, unless you have something constructive to say thats not obsurd, good day sir and I wish you all the best with what ever plans you have, which I may suspect be stealing or becoming a parasite to feed yourself in a SHTF scenario.

Grow your own produce now and help other that need it. Live a good clean life and most of all enjoy everyday.

The last part is what does "Global Governance" actually look like.

If you have been paying any attention you know the UN/WTO/NGOs have been busy writing up "Guidelines"

...A multiplicity of Good Agricultural Practices (GAP) codes, standards and regulations have been developed in recent years by the food industry and producers organizations but also governments and NGOs, aiming to codify agricultural practices at farm level for a range of commodities....”
www.fao.org... [has links]

If you follow the strings you find Sustainability = UN Agenda 21 =Scenerio B1 written by Shell oil exec Ged Davis.

This is the overall plan:

From Carroll Quigley to the UN Millennium Summit: Thoughts on the New World Order

.....Where does the New World Order vision stand today? From above document [We The Peoples Millennium Forum Declaration and Agenda for Action] and others on the website we can glean that the following are on the agenda:

1. A global "peacekeeping force," publicly endorsed Wednesday by Bill Clinton. He told the gathered dignitaries that the UN needs "a rapid deployment force of well-trained and well-equipped solders capable of projecting ‘credible force’ into trouble spots." Along these lines, a Republican, Constance Morella (R-MD), has introduced a bill calling for a United Nations Rapid Deployment Force, which would turn 6,000 American soldiers over to the UN, which would mean that Americans would be taking orders from non-Americans. Seven other countries have already signed aboard with similar pledges. The UN is ready to create its own "standing army" of the sort the U.S. Constitution forbids.

2. An International Criminal Court – ostensibly to hold national governments accountable for human rights abuses; an international treaty "would provide for compulsory referral of unresolved disputes to [an] International Court of Justice." U.S. citizens could, in principle, be tried before tribunals of non-Americans.

3. A global system of taxation: [the Forum urges the United Nations] "to introduce binding codes of conduct for transnational companies, and effective tax regulation on the international financial markets, investing this money in programmes for poverty eradication."

4. Global coerced redistribution of wealth and income, combined with global affirmative action: [Governments should] "focus their efforts and policies on addressing the root causes of poverty and providing for the basic needs of all, giving special priority to the needs and rights of disadvantaged and underrepresented."

5. A global approach to AIDS, already the most politicized disease in human history: [Governments should] "address the incidence, impact and continuing human costs of HIV/AIDS. To increase spending for health research and to ensure that the fruits of this research reach the people."

6. The international equivalent of the Americans With Disabilities Act: [Governments should] "recognize the special potential of people with disabilities and ensure their full participation and equal role in political, economic, social and cultural fields. To further recognize and meet their special needs, introduce inclusive policies and programmes for their empowerment, and ensure that they take a leading role in poverty eradication."

7. International radical-feminization: the UN is called upon "to ensure that gender mainstreaming effectively brings women into leadership positions throughout the system and a gender perspective into all its programmes and policies; to provide gender training; … [governments are called upon] "to allocate more recourses and create an enabling environment for implementation of their commitments to women’s and girl’s human rights, including promotion of women into decision-making positions… " This is one of many such remarks, calling for the "gender perspective" invented by the radical feminists of American colleges and universities.

8. International public education: "provide universal access to ‘education for all,’ prioritizing free basic education and skills training…. We call on governments…to reduce the technology gap, and to restructure educational policy to ensure that all children (girls and boys) receive moral, spiritual, peace and human rights education…. Special attention must be paid to the girl child…."

9. International equivalents of affirmative action and minimum wage laws: [Governments should] "move toward economic reforms aimed at equity: in particular, to construct macro economic policies that combine growth with the goal of human development and social justice; to prevent the impoverishment of groups that emerged from poverty but are still vulnerable to social risks and exclusion; to improve legislation on labor standards including the provision of a minimum legal wage…."

10. Complete absolution of past debts: [Governments should] "cancel the debts of developing countries, including odious debts, the repayment of which diverts funds from basic needs…." [AHHHhh there is the carrot folks cv]

11. Universal gun registration: the UN should "expand the UN Arms register in order to show production and sale of small arms and light weapons. It should include specific names of their producers and traders." Of course, those implementing this call for arms registration could define "small arms and light weapons" in any way they saw fit.

12. Strengthening UN power generally: "A major task of the world community in the twenty-first century will be to strengthen and greatly enhance the role of the United Nations in the global context. Governments must recommit themselves to the realization of the goals and mandates of the United Nations Charter. A challenging task is to firmly protect the integrity of the United Naitons, counter the erosion of its role and to further strengthen and augment international institutions capable of implementing and enforcing international standards, norms, and law, leading toward the formation of a new political and economic order. [Emphasis mine. -article author]

13. Elimination of veto power: [the Forum urges the UN] "to limit and move toward eliminating the use of the veto. The UN must move towards veto restriction. First could be an enlargement of the area of "procedural votes" for which the Charter excludes the veto…. Complete veto abolition should be sought as a step towards the elimination of permanency." In others words, a major internal check on the power of the superelite is to be eliminated, by incremental steps.

There is, of course, more – much, much more. This is just a sampling;... www.lewrockwell.com...

reply to post by michaelmcclen

Probably becuase I come from the suburbs where everyone grows or is able to grow their own resources I have nothing to worry about.....

I am glad to hear that. I too live on a farm and can grow my own. Unfortunately TPTB are not at all interested in people who are independent. In the USA plans are already in place to stomp out "survivalists"

Here in the USA we have two problems.

The first is the newly passed "Food Safety Modernization Act" which with a one line addition can easily regulate home gardens out of existence. linky

The second is FEMA and the Presidential confiscation Executive Orders. If TSHTF armed forces move in and confiscate EVERYTHING!

Since Bush signed a treaty with the EU to "Harmonize" our laws with the EU, I expect something similar is in place or in the works in the EU.

reply to post by michaelmcclen


The video which you did not bother to pay attention to has a man in it. He is just like you. He grows his own vegtables. He is now facing a terrible future. His vegtables are no good anymore because of circumstances beyond his control.

I wasn't highlighting contamination. I was merely pointing out that this man grew his own vegtables. These are now useless due to external factors. Things outside his control. Thats what its all about.

If you think the rest of the world is not been effected by the diaster in Japan then you are a very foolish person. You should also research what was done to the land in Ireland by farmers throughout the 70' and 80's. Research it. Check out what the nutrient levels in the soil were like back in the 50's and have a look at what they are at now. I have worked in this area and I know exactly what was done to land in Ireland. This is before any external contamination is brought into account that we are seeing now.

The hard winters that we will be having for the foreseeable future, volcanic ash and nuclear fallout are all having an effect on the land.

I must also say that i am utterly disgusted at how you are twisting my words.

You siad "You first came on here proclaiming that you hate people that have the I grow my own"

How dare you. How dare you accuse me of hating anyone. I never come onto this site proclaiming hate for anyone. I was merely pointing out that "I do not understand" people who grow their own, thinking it can keep them out of trouble if the SHTF. I know many people like this. People who are so scared that they must always have a sense of control. People who can never let go. I am merely trying to point out if the shtf control will most lightly be taken from you and not necessarily by any government. It could well be nature or the death of her.

Your changing of my words is disgusting and it proves that you are not even paying attention to what is being said.

If Euro currency crash, USA crash, Latin America crash, China crash, Japan, crash.... domino effect or ball on an tilted table.... and the answer is .....

WAR

This was always inevitable, it would come sooner or later, and now it has, I have an allotment and own livestock and poultry, so im ok, i won't starve i have enough meat and veg on my land to feed a small village, I'll be fine

Originally posted by SkepticDan
This was always inevitable, it would come sooner or later, and now it has, I have an allotment and own livestock and poultry, so im ok, i won't starve i have enough meat and veg on my land to feed a small village, I'll be fine

Nice for you. Me too.
But you need weapons and also a squad of security guards to defend you precious treasure....

Good afternoon,
I'm writing from Portugal and just want to leave an opinion about everything that is happening here and elsewhere in Europe.

In Portugal:
Today the Government announced an increase of 15% by public transport
Every day there is news of companies go bankrupt and distressed families.
Our purchasing power falls daily, the minimum wage here is € 475 per month, a rental house with two rooms varies between 250 € and 350 € depending on geographical location.
The fuel hit record highs
Crime increases significantly
The government strangles families and businesses with tax, leaving the bank out of the payment.

Even if we get out of the Euro will not survive very well because the european union and the politicians of my country destroyed the industry and agriculture

In short here in this corner of Europe we will go hungry
And with all that is happening I want to thank Europe for its "solidarity."

Thank you for having destroyed what little we had.

Elsewhere in Europe:
Everything will depend on Greece, but my opinion is that Greece will fall and then the rest of Europe too, and do not know if there will come a 3rd war in Europe.
Hungry will fall on us all ...

Nazgul

reply to post by Arken


Ohh i didn't mention that, i have about 4 shotguns from the hunting years LOL, also my elder brother managed to recover military weaponry while in afghanistan, he has a few revolvers and about 2 ak 47's, i was suprised as to how he got them in the uk, but now their in my gun locker, fully loaded and service fort nightly

Should you really be spouting off about how your
brother got guns into the country.
Guess you got a firearms cert for them have you ?.

reply to post by Stu2112

Well my shotguns are legal and have all the paperwork, but the revolver and the AK, nothing, i reckon if i got caught with them at my house they'd probably shoot me in a raid