[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Georgia woman mistakenly jailed for more than a month after cops confused SpaghettiOs for meth

A U-Turn for a Terminal Built in Texas to Import Natural Gas

The American Flag Under Obama

Oklahoma Beheading Suspect Alton Nolen's Mom Responds

James Traficant, convicted ex-congressman, dies

How To Make A Survival Pocket Waterfilter (video)

Astronomy Picture of the Day Earth at Equinox

Russian draft law would allow seizure of foreign property

Home Depot Embraces Sharia Law With Forced ‘Muslim Sensitivity Training’

Video: Israeli drone captures Hamas Forces Having Sex With Goats

Hillary Clinton "“Dear Saul,” she began. “When is that new book [Rules for Radicals] coming out—or has it come and I somehow missed the fulfillment of Revelation?”

Video: GRAPHIC: Mexican Terrorist Cartel Beheads 4 Women In Message To America

Rick Perry Defends In-State Tuition for Illegals, Despite Tough Border Talk

Vile ad bounces off McSally, sticks to Gabby Giffords

Voting “Yes” On Washington’s I-594 Is Choosing To Live As A Slave

Machine Your Own Billet Receivers In Class at CMT Tactical

[Video] NRA’s Colion Noir Calls Out New Jersey on “Ray Rice & Gun Control” (Chris Christie's Gun Control Police State)

When police are standing right there, they will wait for backup and let you die…

What John Quincy Adams Said About Immigration Will Blow Your Mind

Nigel Farage: Stop opposing Vladmir Putin in Ukraine and join forces to defeat Islamic terrorists

G20 nations want Vladimir Putin at summit despite Ukraine tensions

Congressman MIke Turner Betrays Country Votes To Fund ISIS

Fat Dyke Executed In Texas For Starving 9 year old kid (The Dyke Is Dead Hooray))

Gumballs to represent immigration

Terrorist Exchanged For Bowe Bergdahl Now Top ISIS Commander

He's More Powerful Than Ever!

shocking execution of 300 Syrian soldiers, ISIS parade captured Kurds then behead one on video

Samsung SGR-A1 Robot Sentry Shoots Targets from 2 miles away

9 Year Old Boy Slaps His Mom After Finding Her High On Heroine On The Street

Bombshell Emails: White House Coordinated With Department of Labor To Hide Illegal Obama Fundraiser Hilda Solis’ Schedule

President Ronald Reagan Tribute: Rare Footage of Him Speaking the Gospel - Inspirational Videos

Nigel Farage Speaks at Garden Event

World’s first 3D-printed car unveiled in Chicago

Breitbart is here — and his name is Ted Cruz

Scientists turn textbook volcanic eruption theory on its head

Maxine Waters: Americans are Bigots for Opposing Sharia Law

The Witherspoon Institute Public Discourse home | about | archives | contact | support A Tale of Two Fathers: Silas Marner on the True Meaning of Fatherhood

The Illusion of Neutrality The secular state cannot be neutral in matters of religion.

ISIS Strikes Deal With Moderate Syrian Rebels: Reports (You know the ones that Obama is dealing with)

Lod All in all, Is a of low-information, low-IQ, moron. (Posts at freedom4dum explains it all)

Yahoo describes surveillance fight (Obama's Government Threattened Fines of $250,000 per day)

‘Vetted Moderate’ Free Syrian Army Commander Admits Alliance with ISIS, Confirms PJ Media Reporting

Decriminalize, Regulate Heroin, Cocaine, Commission Says

The question is: will Justice Gindburg get a chance to explain her point of view to her Maker? Or, will she just go straight to Hell

Bill Maher absolutely crushes Charlie Rose for comparing Islam to Christianity

Dawkins Becomes a Creationist

The Big Spender

U.S. judge re-sentences Jose Padilla to 21 years on terrorism charges

Chick-fil-A founder S. Truett Cathy has died

Sharpton Feels Up Holder As Jackson Waits His Turn


Status: Not Logged In; Sign In

Economy
See other Economy Articles

Title: Economic Alert: If You’re Not Worried Yet…You Should Be
Source: Zero Hedge
URL Source: http://www.zerohedge.com/news/econo ... ried-yet%E2%80%A6you-should-be
Published: May 8, 2012
Author: Submitted by Brandon Smith from Alt-Mark
Post Date: 2012-05-08 11:35:51 by SJN
Keywords: None
Views: 341
Comments: 3

For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency. The calm moments before each passing storm give Americans a false sense of hope that our capsized fiscal vessel will somehow right itself if we just hold on a little longer...

I don’t have to tell most people within the Liberty Movement that this is not going to happen. Unfortunately, there are many out there who do not share our awareness of the situation. Debt implosions and currency devaluation NEVER simply “fade away”; they are always followed by extreme social and political strife that tends to sully the doorsteps of almost every individual and family. The notion that we can coast through such a tempest unscathed is an insane idea, filled with a dangerous potential for sour regrets.

There are some people who also believe that the private Federal Reserve with the Treasury in tow has the ability to prolong the worst symptoms of the collapse indefinitely, or at least, until they have long since kicked the bucket and don’t have to worry about it anymore (the ‘pay-it forward to our grandkids’ crowd) . I can say with 100% certainty that most of us will live to see the climax of the breakdown, and that this breakdown is about to enter a more precarious state before the end of this year. You can only stretch a sun-boiled rubber band so far before it snaps completely, and America’s financial elasticity has long been melted away.

A pummeling hailstorm of news items and international developments have made the first half of 2012 almost impossible to track and analyze. The frequency at which negative information has surfaced is almost dizzying. However, a pattern and a recognizable motion are beginning to take shape, and, I believe, a loose timeline is beginning to form.

At the end of January, I covered the incredible nosedive of the Baltic Dry Index (a measure of global shipping rates that signals a fall in global demand) to historic lows. I pointed out the tendency of stocks and the general economy to crash around 8 months (sometimes a little longer) after the BDI makes such a dramatic downturn. Mainstream analysts, of course, attributed the fall to an “overproduction of ships”, which is the same exact excuse they used when the BDI collapsed back in 2008 just before the derivatives bubble burst. It would seem that the cable TV talking heads were wrong yet again, as the international market facade quickly evaporates right in line with the BDI’s almost prophetic knack for calling an economic derailment in advance.

Here are some of the most important reasons why every American should be prepared for much harder days, especially before the end of 2012:

The European Union Is Officially Dead In The Water

Stick a fork in er’, the EU is done! We are talking about full scale dismantlement, likely followed by a reformation of core nations and multiple collapse scenarios of peripheral countries. The writing is all over the wall in the wake of the latest election results in Greece and France, where, as alternative researchers have been predicting for some time, the battle between the government spending crowd and proponents of austerity has reached a fever pitch.

The Greeks and the French are royally pissed over draconian cuts in public programs and the destruction of pensions which have been a mainstay of their economies for quite some time. They are also furious over being sold off like collateral to the IMF and World Bank. Rightly so. Like the American taxpayer, the taxpayers of floundering EU nations are wrongly being held responsible for the financial mismanagement and fraud of their governments and global banks which have remained untouched and unpunished for their trespasses. The problem is, the voters of both countries are signing on to the socialist/quasi-communist bandwagon in response. In Greece, the Left Coalition Party, a splinter group of the traditional communist party, has now taken a primary position of power:

www.reuters.com/article/2...ece-idUSBRE8440DG20120507

In France, voters have elected socialist Francois Hollande (a Bilderberg attendee), whose latest promise is to spend France into recovery through his “pro-growth agenda”:

news.yahoo.com/blogs/tick...cult-obama-195617064.html

I have no doubt that the elections of the EU are as manipulated by elitists as they are here in the U.S., and I’m sure false paradigms abound. Have Europeans forgotten that it was overt government spending that set them on the path to calamity in the first place? Or, are they like Americans; just desperate for any change in the ranks of leadership? One would think that they would take note of the problems here in our country and realize that electing a socialist to replace another socialist is no way out of economic hardship.

Former officials like Nicolas Sarkozy may have claimed to be distanced from the socialist ideal, but, as with all globalist puppets, their actions did not match their rhetoric, and they have always supported policies of centralization and big government. The French and the Greeks have essentially replaced closet collectivists with outspoken collectivists, and will see NO relief from the crisis in the Euro-zone as a result of the political reordering. In fact, the stage has now been set for a volatile chain of dominos. Germany, which is the only economy left holding the EU together, has been unyielding on austerity cuts. A conflict between France and Germany is now inevitable. Neither will compromise their position, and I can see no other eventual result than a reexamination and perhaps abandonment of the EU charter.

How does this affect America? Being that international banks and corporations have forced our countries into interdependency through the engineered chicanery of globalization, any collapse in Europe is going to strike hard around the world, but the worst will hit the U.S. and China. Which is probably why China is disengaging trade away from the U.S. and the EU and focusing on other developing nations:

www.reuters.com/article/2...ade-idUSBRE84702N20120508

If you thought the Greek rollercoaster was a pain in the neck for investment markets, just wait until the whole of the EU is in a shambles!

Spain is next in line, with a 25% official unemployment rate and a massive black market economy forming. As I have been saying for years now, when governments disrupt the financial survival of the people, they WILL form their own alternatives, including black markets and barter markets. It is about survival. The Spanish government does not care much for these alternatives, though, and has now banned cash transaction over 2500 euros in a futile attempt to squeeze taxes out of the populace through digitally tracked payment methods:

thedailybell.com/3814/Spain-Bans-Cash

Another major concern for Americans is the fact that Europeans are inching towards an abandonment of the dollar. Francois Hollande has openly called for an end to the dollar’s world reserve status, and with a majority backing of the French people, he could easily make this happen, at least where France is concerned. All it takes is for a few key countries to publically and completely drop the Greenback and the dollar’s reputation as a safe haven investment will be quashed. This could very well happen before 2012 is over.

QE3 Is The End

Here is the bottom line; U.S. growth is a theater of shadows. There has been no progress, no recovery, only the misrepresentation of statistics. Millions of Americans have fallen off unemployment rolls because they have been jobless for too long, which lowers the unemployment rate, but does not change the fact that they are still without work. Durable goods orders are dropping like an avalanche. U.S. credit has been lowered yet again by rating agency Egan-Jones. With China making bilateral trade deals in numerous countries on the condition that the dollar be dropped as the primary purchasing mechanism, and with the EU turning to economic mulch, the currency’s safety is nonexistent. Traditional investors who cling to the idea that a falling Euro spells dollar strength will be sorely disappointed when the currency is suddenly being rejected in international currency markets.

The Federal Reserve has already stated that any signs of “relapse” into recession (the recession that we never left) will be met with all options on the table, including QE3:

www.reuters.com/article/2...fed-idUSBRE83B1KD20120412

I believe that QE3 will probably be announced this year (due in large part to trauma from Europe), and, that this will trigger a mass movement by foreign nations to drop the dollar as the world reserve. QE3 will be the straw that broke the camel. How exactly this will play out socially and politically, I do not know (I could take a good guess though). But, the technical results are predictable. The Fed will respond to the lack of treasury purchases by ramping up fiat printing in order to cover the ever increasing costs of the government machine. The Greenback will immediately lose a large portion of its value, at least in terms of imported goods, causing inflation in prices. Oil and energy prices will skyrocket if OPEC follows suit (which they will, though the Saudis may still honor dollars for a time). Doing any traditional business will become nearly impossible, and price inflation will dominate the lives and the minds of average unprepared citizens.

The amount of time that it will take for these difficulties to unfold is also not clear. We are operating in uncharted territory, and dealing with a collapse scenario on a truly planetary scale. My best advice is to assume that the avalanche will move fast.

While markets in our country have seen only mild disruptions so far this year, their solidity is predicated on a host of props and costume pieces, any one of which could pull the rug out from under America’s suspension of disbelief if it strays but a little from the illusion. As long as the dollar holds, stocks can be infused with bailout juice through major banks. So can major companies and even desperate state governments on the verge of bankruptcy. The Dow will remain relatively friendly, and day traders and the public will remain happy. As soon as the dollar comes into question, all bets are off…

Does This Mean Doom, Or Just Another Bad Day?

The real beginning of today’s collapse is tied to the events of 2008. The pace of it has been deceptive, but also, in a way, it is a gift. Over the past four years, I have personally seen the awakening of thousands of people that may have never had the chance if the system had gone into full spectrum breakdown right away. The question now is, how much longer can the U.S. wobble along on one wheel? In my view, and from the evidence I see in markets at the moment, not much longer.

It is hard to set aside any expectations that the next leg down will be easy to digest for the populace. The reality of our predicament is starting to hit home. All the tax return checks have been spent. The credit cards have been maxed. The new cars have been sold off and traded in for ghetto-mobiles. The good jobs have been replaced with Taco Bell slavery. A trip to see The Avengers is now the family vacation. And, the distractions of reality TV just aren’t buttering our bread anymore. It’s the little things at first that really signal the financial mood of a society, as well as reveal the more vital and looming issues just over the horizon.

All indicators suggest that this year will be unlike any other before. In 2008, we saw the first trigger events for the collapse. In 2008/2009, we saw the creation of the bailout culture, setting the stage for inflation and dollar disintegration. In 2010, we saw the first bilateral trade deal cutting out the dollar between China and Russia, which is now the template for trade deals all over the globe. In 2011, we saw the first downgrade of the U.S. credit rating and the crisis in the EU become epidemic. In 2012, I see not just another difficulty to add to the mountain, but a culmination of all these detriments to produce something entirely new; a vast and subversive realignment forcing many of us to take a more aggressive stance in the fight for an economically and socially free America.

Financial disasters have always been a convenient catalyst for a host of even more frightening obstacles, including civil unrest, and blatant totalitarianism. This is the cusp. It is one of those moments that people of later generations read about in awe, and sometimes horror. The “doom” is not in the event, but in the response. What we make of the days approaching determines the darkness that they cast upon the future. It is a test. It is not something to be dreaded. It is something to be seized upon, and dealt with, as great men and women before us have done. At the very least, we know that it is coming. That, in itself, could well seal our success… (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: SJN (#0)

Unfortunately, there are many out there who do not share our awareness of the situation. Debt implosions and currency devaluation NEVER simply “fade away”; they are always followed by extreme social and political strife that tends to sully the doorsteps of almost every individual and family. The notion that we can coast through such a tempest unscathed is an insane idea, filled with a dangerous potential for sour regrets.

They're too busy reading the MSM propaganda of idiots like Baghdad Bri-bri, statist shill.


The economy is wonderful!
Re-elect Obama, he'll pay your rent!
A chicken in every pot!
-Baghdad Bri-bri-

LoonyMing: I brandish my ignorance like a crucifix at vampires.
Translation: IGNORANCE IS STRENGTH

'It's now very common to hear people say, "I'm rather offended by that", as if that gives them certain rights. It's no more than a whine. It has no meaning, it has no purpose, it has no reason to be respected as a phrase. "I'm offended by that." Well, so fucking what?' —Stephen Fry

Capitalist Eric  posted on  2012-05-08   13:58:05 ET  Reply   Trace   Private Reply  


#2. To: Capitalist Eric (#1)

Yeah but the times coming when they'll be howling in the streets. And no family will be untouched by the nightmare.

SJN  posted on  2012-05-08   14:08:06 ET  Reply   Trace   Private Reply  


#3. To: SJN (#2)

Yeah but the times coming when they'll be howling in the streets. And no family will be untouched by the nightmare.

But don't forget to buy gold while you are eagerly awaiting.

Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET

mininggold  posted on  2012-05-08   14:14:15 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com