I just hope I go with some dignity, in my sleep like my grandfather ... not screaming my head off like the passengers in his car.
Posted on 10/21/2014 9:40:27 AM PDT by blam
Mac Slavo
October 20th, 2014
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the globe’s other super powers are feverishly working to distance themselves from the U.S. dollar by establishing new monetary relationships that completely bypass the world’s reserve currency.
A loss of confidence in America’s ability to manage its fiscal, economic and monetary policy coupled with a continued slowdown in growth could soon reveal what Williams calls “the end game.”
It’s coming sooner rather than later suggests Williams in a recent interview with Greg Hunter’s USA Watchdog:
“I can’t give you good reason for why the stock market is as high as it is. The fact you are seeing this volatility means there are a lot of people who are very nervous about what is going on and where things are in the market. It is probably one of the great bubbles of all time. It most likely will collapse along the lines of the U.S. dollar in response to the reality of no economic recovery. . . . I can’t think of a more vulnerable market than what we are seeing here.”
…
You are getting a confluence of extraordinary factors that are coming together that will cause the dollar to break. You’ll have a panic flight from the dollar along with dumping of U.S. Treasury bonds by foreign owners. We are coming in on the end game here.”
(snip)
(Excerpt) Read more at shtfplan.com ...
Since 2010 John Williams has repeatedly warned of a coming hyperinflationary event that will leave the United States decimated. With the loss of purchasing power of the U.S. dollar will also come disruptions to the normal flow of commerce, including domestic supply chains.
I believe Williams’ facts are correct, but he consistantly underestimates the banksters’ ability to manipulate currency and the market. He previously claimed that we would be in a meltdown by April 2014. Instead, we had a huge boom in the Dow.
” He also said something like “why would anyone want to be president with what is coming.”
Answer: Hillary is the most power hungry wretch on earth.
” I believe Williams’ facts are correct, but he consistantly underestimates the banksters’ ability to manipulate currency and the market.”
Sub-prime federal reserve debacle.... : )
How can you have no sales growth in 80% of the economy and have a booming economy? It’s not happening.”
and inflation has been running 12%-13% annually on a mathematical basis, regardless of what they say.
Hold on tight folks
Putin warned that they had weapons (electronic?) that could kill millions. New weapons can create “zombies” out of millions. Disease could overload all systems. Dollar collapse, solar flare, asteroid, Global warming..., too many things to consider and plan for.
I just hope I go with some dignity, in my sleep like my grandfather ... not screaming my head off like the passengers in his car.
I think we are still quite a ways off from the “collapse” as fedzilla has not confiscated 401k’s yet. There is still quite a bit of wealth left in this country that has yet to be pillaged by the FSA’s leaders.
“you don’t want to be in cash (dollars) or bonds.”
What’s the alternative? Physical gold or maybe just tangible items?
Maybe gold or silver?...see Harvey Organ below:
...so don't look to the shyte hitting the fan until either they are...
1) finished pleasuring themselves
2) dead
Welcome to Americon...(it's all an illusion).
Unfortunately it is the only game in town. Collectively we live by debt, we die by debt.
The problem is the danger of overshooting the inflation target. The quantitative easing is suppose to save the economy while keeping inflation under 2%. How do they know that after a large lag time, inflation won't pop to 5%. Then what?
Indeed, their ability is mind boggling.
Beans, bullets, bandaids, batteries
dirt, Ag, Au
pretty much in that order
It is no accident that Jefferson and other founders distrusted the banking class. Money is moved into pure speculation out of the productive sector.
The stock market’s acting like it’s 1929. The real economy is acting like it’s 1932. The Fed is maintaining the disconnect between stock market fantasy and economic reality.
In the end, reality wins.
Oh, I don't know about that. It's a packed field.
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