Governments dig in and prepare as economy continues slide
Despite constant reassurances from federal overseers, Americans are becoming increasingly aware of the economy’s frail nature.
While media pundits and analysts desperately push the failure of central planning and Keynesian economics, these 5 experts continue to be proven right on the dangers of reckless spending and debt.
Here are 5 renowned experts who warned of the now-present, slow-motion financial collapse.
Former presidential candidate Ron Paul is known best in financial circles for his clear 2003 prediction of the housing bubble crisis. Paul joined the Alex Jones Show in late 2014 to once again warn of the country’s slide into economic disaster.
Paul Craig Roberts
Known as the father of Reaganomics, Paul Craig Roberts gave his views on the coming collapse during a show last January.
A renowned trends forecaster, Gerald Celente, known worldwide for his accuracy on global events, provided tips on surviving hard economic times earlier this year.
Peter Schiff, a respected financial expert who also predicted the housing bubble crisis, talked last January on America’s future and what he feels will happen once this latest bubble bursts.
Economist and television broadcaster Max Keiser discussed the dollar’s sluggish collapse and other telltale signs of the sinking economy during a 2014 interview.
Bank of America warned investors that the current financial “Twilight Zone” could end with a “macro shock (as it infamously did in 1936-7)”, i.e. the Great Depression. As the world teeters on insecurity, government prepare for war — and the first casualty of war is the truth.
Apart from documents that have outlined supposed terrorist threats, like Al-Qaeda, and their connection to US intelligence agencies, like the CIA, there are a number of whistleblowers that have come out adding more fuel to the fire. Because not many are even aware of these documents, letting people know about a truth that can be hard for people to accept, let alone ponder the possibility is very important. It’s just one aspect of the veil that’s been blinding the masses for quite some time now.
The latest whistleblower is David Steele, a 20-year Marine Corps intelligence officer, and the second-highest-ranking civilian in the U.S. Marine Corps Intelligence. He is a former CIA clandestine services case officer, and this is what he had to say:
“Most terrorists are false flag terrorists, or are created by our own security services. In the United States, every single terrorist incident we have had has been a false flag, or has been an informant pushed on by the FBI. In fact, we now have citizens taking out restraining orders against FBI informants that are trying to incite terrorism. We’ve become a lunatic asylum.”
What Is A “False Flag Attack?”
A great example of a false flag attack is 9/11, something that many people believe to be a creation of US intelligence agencies, or some entity above the government (one that controls what Eisenhower called “the military industrial complex”). The idea is that these so called terrorist attacks are created by this group, in order to justify the infiltration of other countries, and to justify a heightened state of “national security.” As a result, in the eyes of the citizenry, war and mass murder are justified, when the intentions behind these actions are something the citizenry has no idea about. This is why we see a false sense of patriotism programmed into many people, especially in the United States. Men and women join this massive military machine with good hearts, thinking that they are serving their country and fighting terrorism, when they are doing the complete opposite. They are only participating in a fabricated war based on lies and misinformation.
“The truth is, there is no Islamic army or terrorist group called Al-Qaeda, and any informed intelligence officer knows this. But, there is a propaganda campaign to make the public believe in the presence of an intensified entity representing the ‘devil’ only in order to drive TV watchers to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the United States.” – Former British Foreign Secretary, Robin Cook
Today, we might be seeing the same thing with ISIS. Although there are no verified documents like there are when it comes to Al-Qaeda, given what that information shows us, combined with Wikileaks documents and statements from insiders, we could be looking at the same thing.
Not long ago, FBI whistleblower stated that:
“The US is reviving terror scare with ISIS to promote the terror war industry.”
It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets.
by MAC SLAVO | SHTFPLAN.COM | MAY 14, 2015
It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.
The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?
In the following interview with X22 Report Spotlight, well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.
As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:
The central banks… by us adopting a debt-based economic model, which demands that cash be borrowed from the future in greater and greater amounts to sustain what we have here, have created an alternative universe which would not exist. If we did not have access to all of these funds that we’re borrowing from the future and inflating this debt we would not have the lifestyle that we have now.
It’s created a population boom… a population boom has risen in tandem with the debt. It’s incredible.
So, when the debt bubble bursts we’re going to get a correction in population. It’s a mathematical certainty.
Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…
When resources become more and more scarce we’re going to see countries at war with each other. People will be scrambling… in a worst case scenario… doing everything that they can to survive… to provide for their family and for themselves.
There’s no way out of it.
They understand where this is going… Let’s put this into perspective… The world’s central banks, by going negative [interest rates] they’ve turned the entire financial system upside down. That’s how desperate they’ve become. They’re charging people to put cash into these institutions…
It can’t work. It’s not how it’s designed to work.
So, that should tell us all how close we must be to this moment.
As Mannarino notes, it should be obvious that we are on the very cusp of an implosion of the debt-based system upon which our entire societal structures are built. When that system falls, so too will life as we have come to know it.
Hoping Mannarino is wrong, but assuming he’s right with his assessment, we are looking at an event that may well lead to a bursting of the population bubble, something the late Michael Ruppert warned about a half-decade ago:
There are only two great bubbles on this planet left to go. The Chinese bubble and the human population bubble. And after the Chinese bubble goes the human population bubble goes. Last week we highlighted a report suggesting that by 2025 the population of the United States could be reduced by up to 78% as a result of a global crisis such as what Mannarino describes.
The expansion of commerce, food, energy, housing, and just about everything else we’ve seen over the last fifty years has been the result of credit, and thus debt, expansion. Once credit markets seize up and no more debt can be thrown onto the backs of a populace who is broke and unable to repay their existing loans, the system seizes up.
To get a small-scale view of what an event like that may look like we need only look to Greece in recent years. When credit markets froze and their government, local businesses and population could no longer get loans and commerce essentially came to a standstill. Not only were jobs hard to come by, but access to medicine disappeared, people were fighting for food and the power to the entire company was almost shot off. In Greece we saw what happens to a thriving nation once the money stops flowing. It wasn’t pretty. Luckily, because it was just one country within the European Union, the-powers-that-be were able oversee the collapse much like a controlled demolition of a building.
But what happens when the same effect goes global, as Mannarino says it likely will?
Who will come to the rescue?
In the immediate aftermath, the simple answer is “no one.” The average person will be left to fend for themselves.
Assuming the worst case scenario comes to pass and the multi-trillion dollar global debt markets collapse, the immediate aftermath will indeed be met with panic. That will quickly turn to anger as people realize that no help is coming. Subsequently, as Mannarino recently noted, the world will become Baltimore.
So how do we prepare for such an outcome?
First and foremost start acquiring essential resources now – that means food and medicine.
Have a way to source clean water and energy, because in the middle of a crisis utility infrastructure workers will, just like you, stay home to protect their families.
And on that note, have a way to defend yourself. When everywhere becomes Baltimore, emergency response from law enforcement will be virtually non-existent.
In her book The Prepper’s Blueprint, Tess Pennington outlines a long-term strategic preparedness plan designed to cover multiple layers of preparedness, from immediate emergencies lasting two to eight weeks, to longer-term sustainability for an extended crisis of one year or more.
Failure to plan accordingly will mean that you and your family will be directly exposed to the rioting, looting and violence as the system comes unhinged.
When a massive, unplanned disaster occurs, societal breakdowns, gang driven crime and chaos are all a part of what happens when a society is turned upside down. It is actually the people and not the disaster that create societal breakdowns. Unfortunately, some who participate in the breakdown of society feel their desperation is a justified reason and opportunity to steal. While some participate out of desperation to get what they need for their family.
However, the running theme in these scenarios is that desperation has no boundaries. This is the human condition and a harsh reality. When a person is in a desperate situation, they will stop at nothing to get what they need to survive. This is the entire point of preparing for disasters.
A person cannot rely solely on their country to rescue them. There has to be some sort of self sufficiency if a person wants a better chance at survival.
Hoping for the best will only get you so far. Planning for the worst may save your life.
As a country, we are so focused on the physical threat posed by Jade Helm 15, that we are all but ignoring the economic threat to our collective well-being. The truth of the matter is that the implementation of Jade Helm clearly signals that an economic collapse is imminent.
If you know that you were having a heart attack, would you go immediately to the ER? Then why would you not take the same action when it comes to the evaporation of nearly everything you own? Do you want to be David Rockefeller’s economic slave? Then you need to do something before you run out of options.
The Banks Are Preparing for Economic Collapse
As a result of looking at several data sets, I am absolutely convinced that Jade Helm primarily exists in response to the coming economic meltdown. Very soon, the dollar will collapse and the banks will steal your money.
Will the meltdown come as a net effect of the $18 trillion dollar debt, the $240 trillion unfunded liabilities debt and the $1.5 quadrillion derivatives debt? Or, will the coming collapse occur because of a false flag cyber attack upon the banks? At the end of the day, it does not matter. The collapse will come like a thief in the night and very few Americans will even know what hit them. In an instant, everything we have collectively worked for, will have been wiped out. In short, this country is about to witness the single biggest wealth redistribution in the history of the planet.
Jade Helm Is Merely the Final Step In Bankster Preparations for the Collapse
They have been preparing for your awakening for a long time.
Does anyone really believe that DHS will be deployed to Afghanistan? Of course not! Subsequently, we must conclude that DHS has been preparing to go to war with the American people as they have collected 2.2 billion rounds of ammunition and 2700 armored personnel carriers. We are now seeing very similar behavior from the banks as they are following in DHS’ steps.
The U.S. Treasury, the federal agency charged with managing the country’s debt as well as the banking system as a whole is preparing for economic Armageddon. According to a recent release of information, the Treasury Department has ordered over $200,000 Survival Kits for as many as 3,814 employees who oversee the federal banking system. What do they know that we don’t?
An Economic Collapse Is Inevitable
America’s creditors and business allies are in the process of running from the dollar. The World now understand that the $200 trillion in unfunded obligations can never be paid. The World understands that the $1.5 quadrillion dollars in derivatives debt cannot be repaid in 10 centuries. Russia, China, the European Union, Latin America and now, the private central banking conglomerates have abandoned the dollar. The Petrodollar is breathing its last few breaths.
The net effect is going to result in a tsunami of financial and economic destruction, a meltdown of the U.S. dollar, and the American lifestyle as we have known is on the verge of collapse. And when it happens, tens of millions of Americans will be instantly impoverished and will be unable to meet their basic needs.
Most Americans Will One Day Beg for Jade Helm
I recently interviewed economic analyst, Shadow Stats founder, John Williams. Williams warned my listening audience that when the economic collapse finally does happen, we can fully expect disruptions to our food supplies . In other words, we will have food shortages and food riots. At that point, nobody will be safe and Americans will scream for relief and protection.