Posted on 10/13/2014 4:37:09 AM PDT by Enlightened1
Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA.
Recently, all 16 branches of our Intelligence Community have come together to release a shocking report.
These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency.
And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II.
And the end game could be a nightmarish scenario, where the world falls into an extended period of global anarchy.
Jim Rickards fears he and his colleagues' warnings are being ignored by our political leaders and the Federal Reserve, and we're on the verge of entering the darkest economic period in our nation's history.
One that will ignite a 25-year Great Depression.
(Excerpt) Read more at youtube.com ...
You maniacs! You blew it up! Ah, damn you! God damn you all to hell!
Yep - leftists, in pursuit of their God-free heaven on earth, their consequence-free sin life,
“blew it up”.
Christians, this world is not our home, you know - keep that as your blessed hope. Leave this world to Satan and his human followers.
I’ll tell you what.
I am most concerned with bringing back American industry.
You can be for decreasing taxes and modifying goofy gov’t managed health care.
(I say “modifying” because until we start bringing back American industry for real, government is a big player.)
I believe we have reached a turning point.
America needs to bring back our own industry. We need to buy less imports, and we need to work to decrease government involvement in industry.
But most of all, we need to start to support American industry once again.
Not some time in the future. Not after the next election.
Right now.
Today.
“At even 1% or 2% mortality, people will self-quarantine at home and refuse to go to work”
I hadn’t thought of that. That’s cataclysmic.
I’m not particularly worried, because of what could be called “basic economics”. If you think about the axioms of it, a lot of fears dry up.
1) What is money? It is a medium of exchange. Nothing more. As such, anything can be money, even drinking water and food. But anything that has a finite supply, say gold, is a better kind of money, because it maintains its value relative to what you can trade for it.
2) The least valuable form of money is “fiat” money, that is not based in real goods and services, but solely on faith and confidence. Smart people inherently grasp that it has no real value, so plan accordingly, by having other things that do have real value, even in the absence of money.
3) However, an odd situation has evolved, in which two forms of fiat currency: cash and virtual currency, have assumed two different values to the point where they are becoming different currencies.
Only about 4% of the US daily retail trade is supported by paper money and coin. All the rest of the money is virtual, existing only on computers. But cash money has hidden values that virtual money does not have.
To start with, it is relatively anonymous in its use. Its owner has physical control over it, and it can be used almost anywhere in the world, for any purpose, without government knowing about it. It can almost always be certified as genuine, unlike any virtual currency.
While the virtual dollar may be used or not used as a reserve currency, physical dollars will continue to be, precisely because there are a limited number of them.
And so things go full circle.
Republicans should be running on helping small businesses get started and shored up. Corporations are in the cat bird seat and that is not right.
Looks like we're going to start this first session with a basic skills test and placement exam to see who forgot what over vacation followed by some intense, focused learning.
$600 of meat, 12 gallons of milk, 25 bread, 10 dozen eggs, 5 or 6 heads of lettuce and the same for other fresh produce, on and on with no way to eat it before it goes bad
Maybe they have no intention of eating it.
When we lose that status, we won't be able to ‘print money’ to get out of our stupidity either.
We'll look back on people like Obama and Reid and Pelosi with hatred someday... people who gave away the treasures of our country for nothing more than self aggrandizement. Democrats will go down in History as the party from hell - Benedict Arnold look good by comparison...
When I lived in town my next door neighbor was an assistant manager for several grocery stores.
He told me several idiots actually tried to bring the food back and get refunds.
One guy they had to call the cops on, he went nuts because he couldn’t get a refund on about $500-$600 worth of meat that was rotten after 2 weeks with no electricity.
Same old, same old.
UNLESS you address the REASONS American companies have left, then they will NOT return.
And the reasons are manifold. Slogans will not bring them back.
for later
Two more years of Barry Ebola and I feel certain we will be toast.
Likewise 4 later
If you could point to one other currency on the planet that is in better shape perhaps he would have a case.
My bells and whistles BS alarm was also going off as I began listening to this infomercial. However, I listened to the entire video and must say the guy gave a lot of excellent information and is 100% on target. I don’t feel the need to purchase his book as he gave away most of the info in the video.
No, none of that's true --American companies are still in America and they're paying taxes that are higher than ever before. The hard real-life numbers speak for themselves and the most recent GDI Table 1.10 shows how American businesses are paying $0.6T for income taxes and $1.2T for production/import taxes. If the tax'n'spenders would just let American businesses spend that tax money on hiring instead it would mean a 20% increase in the current $9.2T payrolls.
That would mean hiring not only every single unemployed person but also every single person not in the work force who wants work.
Your message is muddled.
“Bring back American jobs.”
“American companies are still here.”
Many large companies HAVE left the US. Many have also sent large numbers of jobs overseas/out of country. Many have also reduced employee numbers due to taxes/liabilities/Obamacare, etc.
Bringing back American jobs involves eliminating the REASONS we lost them to begin with.
That's easy to say in the political world where slogans and rhetoric replace hard numbers that are called "muddled"! In the business world where virtually all hiring is done it's either hard numbers or silence. OK, so bea.gov and bls.gov tell us that there really are some companies that actually have left and are no longer American companies. Meanwhile, some other companies have come in, still others have quit, but the sum totals for all these companies over time show that right we got more companies than before, bigger companies than before, they've hired more people than ever before, and the companies are paying more in taxes than ever before. At the same time there are still more Americans not employed than ever before.
It's a disgrace that so many Americans starve while employers are prevented from taking on more employees because misguided tax'n'spenders have invaded, occupied, and confiscated money that should have gone to pay for increased payrolls.
All US taxpayers left will owe 66% more on the national debt.
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