Skip to comments."The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?
Posted on 06/02/2012 6:54:59 AM PDT by TigerLikesRooster
"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?
We dont know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank
With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives
Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
And then do you think Japan and China would not be next?
And then do you think the US would survive unscathed?
That is the end of the fractional reserve banking system and of fiat money.
It is the big RESET.
Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
The whole bond market will be dead.
Short selling on bonds - banned
Short selling stocks banned
Short futures banned
Put options banned
All that is left is the Dollar and Gold
It only gets better. We use the term loosely:
And the punchline
From a timing perspective, I think 2012 and 2013 will usher in the end.
(Excerpt) Read more at zerohedge.com ...
To read slide presentation, click the following link:
So WHAT exactly does this all mean?
IS all money banned? Do we go to a Global currency? What would day to day life be like immediately after the Big Collapse? What exactly would this all mean to someone with a salary paying job, a mortgage, and savings? Would we be under hyper inflation or deflation?
The sites like Zero Hedge are always big on the headlines, and very short on actual details.
Omg....what a bunch of fear mongering .....
Don’t you know we have the brightest, smartest, most brillant transcending light bearer demi- god sitting in the oval office at this very moment that will save us???
All we have to do is agree with Carney, Alexrod, Jarret and all their ilk and just believe in Obama and stop watching Fox news.....
Now to be serious....
Personally I divested all my stocks and bonds at the beginning of May to cash.... Sort of at a lose where to put them ....
Isn’t this the same presentation they’ve been showing for the past few years, just changing the date of when the end will happen? The End of America 2011. End Game 2010... etc, etc..
Not only can leftists avoid reality, but they seem to always avoid the consequences of avoiding that reality.(An expansion on a Ayn Rand quote)
And when civilization fails, we all know who's fault it will be don't we - W.
I went away feeling both naive and a bit helpless.
(Yes, they are well armed)
Well, thank God. I'm about sick of this s**t anyways!
Interesting and some very interesting/informative comments at zh (739 at last count...I’ve read about 100). Thanks for posting. Thanks to all of the great posters at zh.
“Socialism is Legal Plunder” - Frederic Bastiat 1801-1850
DEFUND socialist collectives, foreign and domestic. (pick some...any 100 - 1000 would be a good start)
DEPOPULATE socialists from the body politic. (c’mon November)
UNaccountable bureaucrats are socialists. DISMANTLE UNaccountable government bureaucracies. (c’mon November)
live - free - republic
” I went away feeling both naive and a bit helpless.”
Well, get on with it!
It is the new wave of self reliance.
There won’t be anything left to rely on!
It's good to have a few week's worth of cash to buy gas and groceries. However, if this goes past a few weeks, the cash will start to lose value.
Thanks - that is a valid opinion and I appreciate it.
I agree that yours is a probable outcome if "The Disaster" happens. The only problem I see is that most of our transactions today are not cash anyway - they are electronic. The banks could "close" - but then people will basically stop paying bills like their mortgage, car payment, insurance, utilities, water, sewer, property taxes, etc - because most people do that on-line and electronically these days. That is a major reason why the US Postal Service finds itself bankrupt with little revenue coming in.
Now - stores may say they will no longer take credit or debit cards, and only cash. But, the problem is we do not suffer from a lax of green paper money. Thanks to Bernake, Geitner, and Obama - we have Trillions and Trillions of newly printed paper money.
If the banks are forced to release the cash and the Fed prints even more of it, we will have hyper-inflation. If they don't release cash, and all electronic transactions (to include credit cards) are abolished during the "crisis" - we may have deflation, or something else.
The problem I have with these doomsday websites with the big headlines is they never give details like yours. The conversation always goes like this:
ZeroHedge: "Things are going to be really awful!!!"
You: "How awful?"
ZeroHedge: "Really, REALLY awful!"
ZeroHedge: "Let me show you my 42 minute PowerPoint presentation!"
You: "I don't want to see your PowerPoint presentation - just tell me when you think this Really Awful thingy will happen, and what specifically you think the economic disaster will entail."
ZeroHedge: "Subscribe to my Newsletter!!!!!"
Even the pups at Zero have no frame of reference for how bad it can get. They have lived in too affluent and urban life for their whole lives.
I think silver coins are a good thing to have, but I'm not recommending you sell all you have and buy silver. If every home had a few hundred in silver coins, that would go a long way toward ameliorating the hysteria that will ensue.
I have an extra stash of cash for emergencies but wonder if that’ll help that much. With transactions stopped many stores will simply close. The food stores might stay open long enough to sell their perishables for cash but then what? If no one is able to pay bills, companies and agencies won't be sending out checks either. Even if they do the banks won't be open to process. After a short time only cash and a barter system will be in effect for the limited items available for purchase. Gas stations will sell gas for cash but experience assaults from panicked customers who won't accept cash only policies. Those with cash will be okay but only for a short time until stations begin to close completely due to civil unrest as customers desperate for fuel steal what's needed and more. Burglaries and robbery will go up as well and those with ammo might make it through a short time until chaos takes over entirely.
Won't be fun, that's for sure. But I still keep the stash. Hopefully it'll be of some help.
I have always purchased in bulk (it's cheaper that way) so at any given time, I have several weeks worth of food in the house as well as plenty of batteries, hygiene supplies, and whatnot. But let's face it, if the crap really hits the fan, those who "prepped" will very quickly be identified by those who didn't.
It will be like the "ant and the grasshopper" fable. The grasshoppers will quickly come to the ants for help. It will be quickly obvious who the "ants" are. They will be the ones that have generators running, lights on, etc. If you have cash (or gold) to buy goods at stores, people will follow you home to see where you live.
They will ask nicely at first. They will politely knock on your door, hat in hand. They will tell you about the pregnant wife (who might be lurking in the background with her hand on her belly) and the hungry young children who are playing in your front yard. Because you want to be neighborly, you will give them a little something and send them away. But they will be back. Oh yes, they will indeed be back.
You won't be as nice this time. You will make it clear that you are armed and that they are not welcome anymore. They will apologize and slink away. But not for good. Next time they will come with reinforcements, for word will have spread around that you have things. Things will get nastier. You might actually have to fire some warning shots over their heads to show that you mean business, and for a short time, they will disappear. But not for good.
Next time they come, it will be in the middle of the night and they will have flaming torches. You begin shooting at them for real but it is dark and there is no way you can get them all. They will keep coming, even if they have to climb over the dead bodies of those you already shot. And they will be angry, very angry. Eventually they will set the torches to your home and you will either have to evacuate or you will burn to death in your own home while others pillage whatever they can grab from your stash. Either way, it won't end well.
I guess the only way to really "prep" for something like this is to keep an extremely low profile. No generators. No lights. No going to the local store with a bar of gold or a stash of cash. Be very discreet and bury your empty food cans where nobody can find the. Pretend you are in the same situation as everybody else. In that manner, you should last a lot longer and might even survive until some semblance of law and order is restored.
Unfortunately, that has not happened. All of their printing presses have been running at capacity. They cannot just print more $100 bills, since they would lack the 20's to make change. As other Freepers have posted. What they have done is create more electronic debt. Not more physical paper debt. They are in the process of inflating a giant electronic debt bubble. When that bursts, electronic debt and electronic cash will be worthless. Similar to an EMP device going off over the US. Only this EMP terrorist device is Made in DC.
Paper money has no special significance. There is no difference between paper money and what you are calling ‘electronic debt’, no more difference than there is between paper money and the dollar balances credited to your bank account.
Paper money has always been just a small fraction of the dollars in circulation. The vast majority has always been in the form of accounting entries on bank ledgers.
Under the gold standard there was a distinction made between ‘money’ (also known as ‘specie’) and ‘credit money’ (aka ‘bank money’); but paper currency could represent either, depending on whether the paper currency was a gold note, a US Note, or some other note issue.
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