LF: This Is Why They Are Militarizing: ‘The World Will Become Baltimore When People Realize They Cannot Acquire Basic Resources’

Title: This Is Why They Are Militarizing: ‘The World Will Become Baltimore When People Realize They Cannot Acquire Basic Resources’
Source: SHTF Plan
URL Source: http://www.shtfplan.com/headline-ne ... quire-basic-resources_05052015
Published: May 5, 2015
Author: Mac Slavo
Post Date: 2015-05-06 08:24:04 by Deckard
Keywords: None
Views: 3262
Comments: 20

world-will-be-baltimore

No matter the negative economic news or weak corporate earnings, stock markets continue to reach news highs and mainstream media pundits toe the party line.

But how is this possible, given that tens of millions are out of the workforce, on food stamps and completely broke?

The answer, according to Gregory Mannarino, is quite simple. The world’s central banks and governments have been left with no other option. They are throwing absolutely everything they can at the problem in an effort to keep the system propped up for as long as possible.

But as Mannarino notes in his recent interview with Greg Hunter’s USA Watchdog, it’s nothing more than a setup that will leave most of the world’s population, especially the middle class in first-world countries, totally wiped out and impoverished.

The end result will be nothing short of widespread civil unrest, violence and bloodshed as people begin to realize they have nothing left and have no ability to acquire even the most basic of essential resources.

This is where we are now… something has to give… we continue to see more bad economic news being spewed even out of the mainstream but the stock market keeps going up… housing keeps going up.
This is a setup for a massive downside move with asset prices which have been distorted and continue to be by world central banks.
…
The Federal Reserve is trying desperately to remain credible to this market… to make it seem they are in control… they are absolutely not in control… the world central banks are so desperate now to keep the system propped up they have literally turned the financial system upside down… You have central banks that have gone negative [with interest rates]. This is not the way the system was designed to work.
Their alternative is that they have no alternative. If they stop doing this… if they were to start tightening monetary policy the entire system will come down… the whole thing is teetering on an edge… all we need is one event to push this over.
…
They are going to throw everything they can at it to keep it going… because the alternative is too horrible to contemplate.
The world will become Baltimore when the debt bubble bursts… Every street and every nation around the world is going to become Baltimore as people realize that they cannot acquire these basic assets and everyone is struggling for these resources.
They understand this… This goes back to why the police are militarizing every state in the Union… why we are one nation under surveillance.. they understand where this is going.
… We are clearly moving towards a two-tier society… the middle class, when this is over, will not exist.

When the trigger is finally pulled the majority of people will be left confused, panicked and angry. While we can’t predict the exact nature of the coming crises, we can look to history for direction. Currencies will likely crash, debt-based assets like home prices will collapse, and critical resources like food and energy will sky rocket in value to such an extent that they will become unattainable for most.

It is for this very reason that the US government and military have been simulating economic collapse scenarios, the fall out, and how to respond. And if recent riots in Ferguson and Baltimore are any guide, the situation will quickly devolve into looting and violence.

Tess Pennington, author of The Prepper’s Blueprint explains how such a scenario might play out in real-time:

Some of these citizens are prepared and ready for what may come and may feel the need to stay to defend what is rightfully theirs but the majority of the population will not be ready for what they are about to endure. Those that are in this unprepared majority who choose to ride out the disaster do so because they are either unaware of how to fully prepare for disasters, have become complacent or numb to the heeds of warning from the local government and news media, or are overly confident.
This is the point in this cycle where herds of people go to the grocery stores frantically grabbing supplies. Most grocery stores will not be able to meet the demand of the people’s need for supplies, and many could go home empty handed.
Bracing for the disaster, the prepared and unprepared will be hoping for the best outcome. What many do not realize is the hardest part of this event is soon to be upon them. Within days, the descent into the breakdown will begin.
Full Article: The Anatomy of a Breakdown

In response to the panic, the government will, as we’ve seen in Baltimore, initially react with curfews and a heavy police presence. When this is not enough, they’ll declare martial law and enforce it with the military.

Those who fail to prepare by stockpiling those critical resources like long-term food stores and other emergency supplies, will be left to fend for themselves on the streets of America.

Actually, there are plenty of alternatives. They mostly involve cancelling debt.

When the financial system collapses, due in part to the dollar being worthless, NO ONE will have any debt, collectable in dollars.

Sure. But the financial system doesn't have to collapse leaving nobody with anything collectable in dollars. Because then lots of people will starve and die.

Instead of having people starve and die, we should consciously decide to excise the cancer of debt. This means that some people who have historically been winners will lose big. That happens in every generation. Usually, those folks are the winners and a larger portion of the population are the ones who get screwed. But we've experienced a lot of history, and can direct the blow to fall differently.

The Russian, Chinese and Mexican Revolutions worked out very badly, but the French, English and American Revolutions worked out ok. So we should aim for Paris, not Peking.

Probably the key difference is that the French, English and Americans were Christians, and therefore were able to temper their revolutionary zeal with a natural limit. The Mexican, Russian and Chinese Revolutionaries were godless Communists, and when you fear and respect nothing beyond force, there's no very good reason not to KILL your adversaries, instead of merely beggaring them of power and property.

When the financial system collapses, due in part to the dollar being worthless, NO ONE will have any debt, collectable in dollars.

By having the government take bankrupt banks into receivership instead of giving them interest free loans. Then, when in receivership, by canceling the debt.

This unburdens the population (though results in a tax obligation that partially offsets the forgiveness).

As people are unleveled, they are freed of debt…and about 25% of the released debt is paid to the IRS by the persons forgiven, increasing tax revenues which allows for the retirement of national debt.

This will strengthen the balance sheet of millions of Americans and the government. It will wipe out the investors in companies that would fail but for the government intervention. So, the failing institutions are allowed to fail, and then taken into federal receivership - the investors lose the money they risked (and get to take tax losses for that - those losses are subsidized), while the consumers who are freed of debt end up paying a portion of that forgiven debt as taxes.

The key is to remove the government support for failing institutions, to let them fail, and then take them into receivership and operate them for the overall benefit of the economy - which is found in deleveraging.

In the latest crisis, the government stood with the bankers and bailed them out. What should happen in the next one is that the bankers lose their companies to failure, but the government receivers use the opportunity to deleverage the country and increase tax revenues to further delever the country.

That's how. Somebody has to lose. Last time, the bankers blew it up but were bailed out by the citizenry. The citizens lost and the nation as a whole lost, but the bankers were made whole.

Next time, we should fully privatize the losses, and use the debt forgiveness as a way to stabilize the citizenry and increase tax revenues.