Posted on 01/21/2014 5:50:15 AM PST by IbJensen
It’s not too difficult to understand that we are well on our way to a paradigm shift in America; in fact we’re in the midst of it right now. The writing is on the wall and can no longer be ignored.
The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress nor the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money.
From the monetary side, the Federal Reserve’s response to this unprecedented crisis has been to simply “print” more money as is necessary. On top of the trillions in dollars already printed thus far, the Fed continues quantitative easing to the tune of about $80 billion per month. It’s the only arrow left in the Fed’s quiver, because failing to inject these billions into stock markets and banks will lead to an almost instant collapse of the U.S. financial system. Unfortunately, the current strategy is chock full of its own pitfalls, the least of which being the real possibility of a hyperinflationary environment developing over coming months and years.
On Main Street, average Americans have seen their wealth decimated. They’ve lost millions of jobs and homes over the course of the last five years. And if recent reports are any indication, the destruction of the middle class will continue unabated for years to come. The resulting effect is a vicious negative feedback loop that continues to build upon itself. Americans no longer have money (or credit) to spend to prop up the economy, thus more jobs will be lost, leading to more people requiring government assistance for everything from food to shelter.
We are, on every level, facing a collapse of unprecedented scale.
As noted by International Man Jeff Thomas of Casey Research, it’s not that difficult of an exercise to predict what’s coming next:
The number of people whose eyes have been opened seems to be growing, and many of them are asking what the collapse will look like as it unfolds. What will the symptoms be
Well, the primary events are fairly predictable: they would include major collapses in the bond and stock markets and possible sudden deflation (primarily of assets), followed by dramatic inflation, if not hyperinflation (primarily of commodities), followed by a crash of several major currencies, particularly the euro and the US dollar.
We know a collapse is coming… If you’re paying attention you probably have the distinct feeling that we are in the middle of it right now. And guess what? The government and military know it’s coming too, as evidenced by large-scale simulations of exactly such an event and its fallout.
But the collapse of our financial system, or hyperinflation of our currency, or a meltdown in US Treasuries is only the beginning. We know some or all of these events are all but a foregone conclusion.
What we don’t know is the timing of the trigger event that causes the global panic to ensue and what will happen after these primary events take hold.
According to Jeff Thomas, while we can’t know for sure, the following “secondary events” are the most likely outcomes when the system as we have come to know it destabilizes.
The secondary events will be less certain, but likely: increased unemployment, currency controls, protective tariffs, severe depression, etc.
But, along the way, there will be numerous surprises—actions taken by governments that may be as unprecedented as they would be unlawful. Why? Because, again, such actions are the norm when a government finds itself losing its grip over the people it perceives as its minions. Here are a few:
Travel Restrictions. This will begin with restrictions on foreign travel, including suspension/removal of passports. (This has begun in a small way in both the EU and US.) Later, travel restrictions will be extended within the boundaries of countries (highway checkpoints, etc.)
Confiscation of wealth. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft. This does not automatically mean that other assets, such as precious metals and real estate will also be confiscated, but it does mean that the barrier for confiscation has been eliminated. There is therefore no reason to assume that any asset is safe from any government that approves theft through bail-ins.
Food Shortages. The food industry operates on very small profit margins and survives only as a result of quick payment of invoices. With dramatic inflation, marginal businesses (suppliers, wholesalers, and retailers) will fall by the wayside. The percentage of failing businesses will be dependent upon the duration and severity of the inflationary trend.
Squatters Rebellions. A dramatic increase in the number of home and business foreclosures will result in homelessness for anyone whose debt exceeds his ability to pay—even those who presently appear to be well-off. As numbers rise significantly, a new homeless class will be created amongst the former middle class. As they become more numerous, large scale ownership of property may give way to large scale “possession” of property.
Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses.
Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a “battlefield.” The NDAA allows the suspension of habeas corpus, indefinite detention, and the assumption that any resident may be considered an enemy combatant. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.
The above list is purposely brief—a sampling of eventualities that, should they occur, will almost definitely come unannounced. As the decline unfolds, they will surely happen with greater frequency.
Full article at Casey Research via The Daily Crux
We could go point by point on this list and provide a plethora of evidence to validate Jeff’s claims, but that would take pages upon pages of references.
The fact is that the US government, for the last decade, has been moving increasingly closer to what can only be described as a police state. With watch lists, militarized police departments, legislative actions, and executive orders the government has already set the stage for these secondary events.
When the system itself is no longer able to support the tens of millions of Americans receiving monthly government assistance, one hiccup could set the whole thing ablaze.
While it can’t be avoided on a national scale, there are advance preparations that individuals and their families can make to, at the very least, insulate themselves from the secondary event triggers. This includes storing essential physical goods and keeping them in your possession. Things like long-term food supplies, barterable goods, monetary goods, self defense armaments and having a well thought out preparedness plan will, if nothing else, provide you with the means necessary to stay out of the way it all hits the fan.
As the details of this phony continue to surface not one congresscritter cries for his impeachment and removal. Meanwhile, the entire world laughs at the demise of a once great nation who has not only lost its will, but has lost practically its entire manufacturing base due to the central socialist government.
BFL
we have already had an economic crash hello
I HATE ZERO! ! ! ! ! ! !
For quite a while, I’ve thought that potential of ‘collapse’ is actually real and on its way in the near future.
However, in seeing the last 4 years of Obama and his destructive policies, outright creation of money out of thin air by the Fed to dump in MBSs and T-Bills (to legitimize the deficit and debt), massive increases in SSDI, SSI, SNAP, WICs, EITC, Section 8 and all the other entitlements with no apparent effect on the Stock Market or by international entities, I really wonder.
Sure, there would be a collapse one day if a source of real money cannot be found, and I’ve come to the conclusion that his end-game is total redistribution - he will confiscate IRAs, 401Ks, Roth IRAs, savings over $200K or so, and any other real assets (i.e., land, real estate, etc.). He will do this to the howls of approval by entitlement leeches, illegals made legal, by Democrats and liberals everywhere, and not a damned thing will be done about it. Those affected by the seizures will be given a token increase chit in their Social Security, and the retribution slate will be clean. Until the next time when the only option open to him and those like him is real slavery.
We are in an economic crash. We will not escape unless our central government commits suicide and some leadership emerges from the complicit Congress.
Facts later, if at all.
that is what I mean
All Bought or Compromised. With few exceptions.
No other explanation.
Hoard nonperishable food, coffee, potable water, toilet paper, tobacco, soap, and most important of all, guns and ammo, perhaps knives and machetes, and, so that you don’t give your position away - a crossbow and bolts.
While what is said might happen, it will not be general. The real terrible problems will be in the very large cities.
In much of the country there will be some disruption but life will proceed. The people will muddle through.
No, we haven't. What we've had is just a taste of what a real crash is like.
Ours will happen in Sept 2015. Be prepared.
No, we haven't. What we've had is just a taste of what a real crash is like.
Ours will happen in Sept 2015. Be prepared.
Why Sept 2015?
The debt is a result of American companies leaving America and making everything at 49% ownership (no ownership in effect) in China.
It is also a result of irresponsible American spending.
But we really need to bring back American manufacturing.
American “owners” don’t own manufacturing in China. They merely receive a portion of the profits.
America really, really needs to stop selling out America’s future, and bring back American manufacturing.
Now.
Ah... another person who thinks Sept 2015...
Would the word “harbinger” have anything to do with this prediction?
It makes a lot of sense when taken in context and if you know the background. Read The Harbinger by Jonathan Cahn for a fuller explanation.
Sadly, I see more and more people losing heart. Oh sure, they appear somewhat normal, but the sense of impotence and lack of control is growing by leaps and bounds among society. As a result, people are withdrawing and are giving up fighting. Like abuse victims, people are turning inward and working in near survival mode seeking to simply protect what they have and no more.
Yes, I blame Obama and the Democrats, but much of the blame rests with the corrupt and evil MSM. As studies have demonstrated, they are 90% - 95% aligned with Democrats and they work their propaganda day by day by day.
Apart from a great awakening in America I see no way out given the current state of affairs.
Ping
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