SAYONARA GLOBAL ECONOMY

Posted on 4th January 2015 by theburningplatform.com

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
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The surreal nature of this world as we enter 2015 feels like being trapped in a Fellini movie. The .1% party like it’s 1999, central bankers not only don’t take away the punch bowl – they spike it with 200% grain alcohol, the purveyors of propaganda in the mainstream media encourage the party to reach Caligula orgy levels, the captured political class and their government apparatchiks propagate manipulated and massaged economic data to convince the masses their standard of living isn’t really deteriorating, and the entire façade is supposedly validated by all-time highs in the stock market. It’s nothing but mass delusion perpetuated by the issuance of prodigious amounts of debt by central bankers around the globe. And nowhere has the obliteration of a currency through money printing been more flagrant than in the land of the setting sun – Japan. The leaders of this former economic juggernaut have chosen to commit hari-kari on behalf of the Japanese people, while enriching the elite, insiders, bankers, and their global banking co-conspirators.

Japan is just the point of the global debt spear in a world gone mad. Total world debt, excluding financial firms, now exceeds $100 trillion. The worldwide banking syndicate has an additional $130 trillion of debt on their insolvent books. As if this wasn’t enough, there are over $700 trillion of derivatives of mass destruction layered on top in this pyramid of debt. Just five Too Big To Trust Wall Street banks control 95% of the $302 trillion U.S. derivatives market. The reason Jamie Dimon and the rest of the leaders of the Wall Street criminal syndicate commanded their politician puppets in Congress to reverse the Dodd Frank rule on separating derivatives trading from normal bank lending is because these high stakes gamblers want to shift their future losses onto the backs of middle class taxpayers – again. The bankers, with the full support of their captured Washington politicians, will abscond with the deposits of the people to pay for their system destroying risk taking, just as they did in 2008 by holding taxpayers hostage for a $700 billion bailout.

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Only the ignorant, intellectually dishonest, employees of the Deep State, CNBC cheerleaders for the oligarchy, or Ivy League educated Keynesian loving economists choose to be willfully ignorant regarding the true cause of the 2008 implosion of the worldwide financial system. The immense expansion of credit in the U.S. from 2000 through 2008 was created, encouraged, supported and sustained by Alan Greenspan, Ben Bernanke and their cohorts at the Federal Reserve through their reckless lowering of interest rates and abdication of regulatory oversight, as their owner banks committed the greatest financial control fraud in world history. Total credit market debt in the U.S. grew from $25 trillion in 2000 (already up 100% from $12.5 trillion in 1990) to $53 trillion by 2008.

The bankers, politicians, mainstream media corporations, and mega-corporations that run the show lured Americans into increasing their credit card, auto loan, and student loan debt from $1.6 trillion in 2000 to $2.7 trillion in 2008, while extracting over $600 billion of phantom home equity from their McMansions. And it was all spent on things they didn’t need, produced in Chinese slave labor factories. The mal-investment boom was epic and the collapse in 2008 would have purged the bad debt, punished the risk takers, bankrupted the criminal banks, reset the financial system, and taught generations a lesson they needed to learn – excess debt kills. Instead of voluntarily abandoning the madness of never ending credit expansion and accepting the consequences of their folly, the world’s central bankers and captured politician hacks chose to save bankers, billionaires, and the ruling elite at the expense of the common people.

The Rest Of The Story Here

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11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe

By Michael Snyder, on January 4th, 2015

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Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme. Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm. The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…

#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”

#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”

#5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”

#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”

#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”

#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.

If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”

#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”

#10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.

So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”

#11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.

What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”

If you have been following my website, you know that I have been pointing to 2015 for quite some time now.

For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression. The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.

Will the same pattern hold up once again?

In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn. I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.

But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely. Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.

So let’s see what happens in 2015.

I have a feeling that it is going to be an extremely “interesting” year.

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There Is No Recovery From America’s Economic Extinction Level Event

02 Jan, 2015 by Dave Hodges thecommonsenseshow.com

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The massacre of Greek citizens under their Goldman Sachs controlled puppets, continues and Greeks are dying while the banks are getting paid for their bad credit swap derivatives. Greece is on the verge of a grass roots led civil war. Why should America be any different than Greece? The reason that the banking and retirement accounts of Greece have been destroyed is because Greece was chosen by the banksters to pillage their economy in order to help pay off their derivatives debt.

The passage of the Bail-outs was the day that America committed suicide.
The passage of the Bankster bailouts was the day that America committed suicide.

Think of Greece as being an appendage and the appendage belongs to a man who has a staff infection which is rapidly spreading through his system. To save the patient from dying, the patient must first have his hand amputated. When the doctors are unable to stop the infection from spreading, Spain and Italy are the next amputations to be performed as the other hand is amputated. This will be followed by bail-ins for the G-20 nations and that is when both arms will be cut off by the banksters as they attempt to stay one step ahead of the burning bridge with regard to the derivatives debt. After the patient has lost both hands, both arms, it is time to begin thinking about amputating both legs as the credit swap derivatives infection begins to spread with greater rapidity. This would be the United States. We are about ready to have every financial asset amputated and removed from our custody. And at the end of the day, it is not going to matter, because the patient is terminal. Welcome to the world of credit swap derivatives which have dealt a death blow the global economy. 2

What Every American Should Know

I believe that there are some things that nearly every American can do to soften the landing. However, based upon some of the comments that I am receiving on the website from my previous articles on this topic, it is clear that most people do not have a clue on how credit swap derivatives work and why their existence guarantees the economic collapse of the United States.

The purpose of this article is to remove the child-like false belief that there will be any meaningful economic recovery. The only way to stave off a complete economic collapse is to totally repudiate the debt. That will be a cold day in hell when repudiation of the debt happens, because the people who run our economy are the ones who have both created the debt and are also owed most of the debt.

I REPEAT, THERE IS NOTHING THAT WE CAN COLLECTIVELY DO IN ORDER TO STAVE OFF AN ECONOMIC COLLAPSE! IF YOU ARE WILLING TO WALK THROUGH A SIMPLE EXPLANATION OF THE CREDIT SWAP DERIVATIVES DEBT, YOU WILL SEE THAT THE SURVIVAL OF AMERICA’S ECONOMY IS IMPOSSIBLE, WE HAVE JUST EXPERIENCED AN ECONOMIC EXTINCTION LEVEL EVENT.

The Final Death Blow to America Began With the Credit Swap Derivatives

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Insanity!
Insanity!

Raise your hands if you knew that on October 21, 2011 that the Bank of America got the FDIC to ensure its $75 trillion credit swap derivatives debts with money, from the FDIC, that is supposed to insure our bank deposits? You may keep your hands down, because hardly anyone knew of this bank heist by stealth. By the way, all the megabanks have received the same promise from the FDIC. Where is your guarantee from the FDIC?

The total value of all assets in the United States amounts to approximately $20 trillion dollars. How can the U.S. government guarantee triple the value of the U.S. economy as it did with Bank of America? The FDIC is insuring a house of cards that can only bankrupt the country. Does it now make sense why the FDIC sponsored a conference held in Britain along with the top banking officials from both Britain and the U.S. (e.g. Janet Yellen) in which they practiced how to respond to widespread banking failures? This activity took place on November 10, 2014 in London.

To comprehend the seriousness of the derivatives threat to the American and global economy, one has to first understand how our home mortgages have been impacted by the biggest Ponzi scheme in world history. Did you know, for example, that your $200,000 home loan, has been combined with other home loans to create a derivatives set of holdings that is bet on in the futures commodity market? For example, your individual home loan of $200,000 ends up backing up the $20,000,000 of home loan values in the sale of derivatives at your local bank. In other words, America, your home mortgage is being used to underwrite the banksters and their credit swap derivatives. Home mortgages are now a traded commodity. Therefore, when you make your monthly mortgage payment, you are not paying down your mortgage, you are paying the derivatives debt of the banksters who have hijacked this country.

The Rest Of The Story Here

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The Four Things You Can Count On Following the Collapse of the Dollar

01 Jan, 2015 by Dave Hodges

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It is easy to interpret the signals of our economy from afar when we see people driving cars everywhere and we tend to think that our economy is not that bad. However, the fact remains that 40 years ago Americans owned those cars that we see them driving. Today, we are renting them as 40% of us are leasing our vehicles. As we drive up and down our neighborhoods, we see people living in houses and we lie to ourselves as use this as a false barometer to convince ourselves that everything is OK. However, many of these homes we see people living in, have lost all of their equity. The logical answer to the question “When will we have a depression”, should be answered by stating “We have an $18 trillion dollar annual deficit and that is the good news. We have $240 trillion dollars of debt from unfunded liabilities and we have a stunning $1.5 quadrillion dollar debt. So, you better grab all the food, water, guns and ammunition that you can run for the hills”! But as long we see people driving in cars and living in houses, most Americans are gong to deny the truth. And the last thing that I wanted to do on the first day of a new year, was to be the harbinger of doom and gloom. Yet, I feel compelled to speak the truth., on this New Year’s Day, because I might be able to get one more person to take the steps necessary to help increase the odds of their survival in response to what is coming. History shows that one can count on four things occurring following the collapse of the dollar.

The Last Great American Garage Sale

On multiple occasions in this column, I have thoroughly documented the following facts which demonstrate that the banksters are stealing our assets in preparation for them to economically survive what is coming:

1. The Seventh Circuit Court Of Appeals ruled that when you put money into the bank, you have transferred ownership of that money to the bank. This ruling represents government sponsored theft in the highest order, yet most of us are unaware that this happened.

2. The G20 Nations declared the money in your bank account to not be money. Therefore, the FDIC insurance for your savings.

3. The MERS mortgage fraud is ongoing and homeowners are still having their homes stolen without legal justification.

4. The Federal Reserve, in 2012, began to print money to the tune of $40 billion dollars a month in order to purchase mortgage backed securities.

5. The banksters have practiced stealing the secured accounts of American in the MF Global (MFG) scandal, resulting in the loss of $6.3 billion dollars of secured investment funds. Nobody went to jail.

The Rest Of The Story Here

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The New York Federal Reserve Has Signaled the End of the Dollar Is Near

31 Dec, 2014 by Dave Hodges

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Ultimately, this article is written for individuals who are naive enough to believe that 2015 will look and feel like 2014. The banksters have positioned world events, both militarily and economically, to make 2015 a pivotal year in world history.

Goldman Sachs Leads the Charge to Armageddon

Twenty one months ago, in response to the undeniable Goldman Sachs chicanery with regard to the manipulation of the gold market, I wrote the following:

“However, the best predictor of the coming crash will coincide with the globalists cornering the majority of the gold market on this planet. After the globalists gain control of the gold, then we will witness a countdown to economic Armageddon in which all currencies will hyper-inflate prior to collapsing. Then humanity will be at the mercy of people who have no sense of decency and respect for life“.
I maintain that the international banking cabal, as represented by the actions of Goldman Sachs and the New York Fed, have gained control of the lion’s share of gold supply, thus rendering their dependence on hard currency (i.e. the Petrodollar and the Euro) to be irrelevant. Meanwhile, the rest of the planet is dependent on highly volatile fiat paper currencies.

If you understand the events related to these statements, along with their consequences, then you have already divested yourself from nearly all paper currencies and the Ponzi scheme driven stock market. To the fully awake and aware person, a bank is merely landmark that you pass on your way to your final destination. If the catastrophic significance of these statements are not readily apparent, then please read on, the meaning will become crystal clear.

The Measure of Wealth Is Relative

Before one can grasp what is happening to their collective wealth in this country, one must come to understand that all wealth is relative to others own and control. For example, if everyone in the United States owns a dollar, then nobody is rich and nobody is poor. However, if you own a dollar and you can cause the dollar of your fellow Americans to significantly decline in value while your dollar maintains it value, then you control the Presidency, the Congress and are also the new owners of the Federal Reserve and its subsidiary financial organizations such as Goldman Sachs. In other words, wealth is relative. Wealth is not only built by acquiring assets, but relative wealth is also established by driving down the value of wealth of one’s competitors. These two strategies are being simultaneously being employed by the banksters.

The Rest Of The Story Here

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The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

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The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year. And a lot of people are generally feeling quite good about the people that have been leading our nation. According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the most admired man in America. I don’t know what that says about our nation, but it can’t be good. Unfortunately, when things seem to be going well common sense tends to go out the window. A couple days ago, the Guardian ran an article entitled “Goodbye to one of the best years in history“ and a whole lot of people out there are feeling really optimistic these days. But should they be? Sadly, what we are experiencing right now is so similar to what we witnessed in 2007 and early 2008. The stock market had been on a great run, people were flipping houses like crazy and most people were convinced that the party would never end.

But then it did end – very painfully.

The signs of trouble were there, but most people chose to ignore them.

Sadly, the exact same thing is happening again.

The Rest Of The Story Here

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2015 Forecast-Manipulation, Depression and War-Gerald Celente

Monday December 29th, 2014

By Greg Hunter
USAWatchdog.com
December 28, 2014

Trends researcher Gerald Celente predicts one of his top trends in 2015 will be manipulation–of everything. Celente explains, “It’s the grand manipulation of the markets and the news, and it just keeps spreading. There is manipulation of the gold markets, and we know there is manipulation in the Forex market; we are not making this up. We are talking about $5.3 trillion a day. The markets are rigged. Kramer came out and said the stock market was rigged. We know that the LIBOR market is rigged. That’s the interest rate market. . . . This is not a conspiracy theory. Banks have been fined for “misdeeds.” Misdeeds? They are rigging the show and no heads roll. The whole market, the news, the information is all one rigged game.”

Celente goes on to say, “In our business, trend forecasting is based on the understanding that current events form future trends. So, we take the information we have and analyze it and see how it will play out and what the implications will be. It’s becoming more and more difficult because we’re getting phony information continually. So, whether it has to do with geopolitics, economics or whatever it is, they are cooking the books and spinning lies. So, it is harder and harder to see where some of these things are going. . . . We don’t have capitalism any more. The merger of state and corporate powers is called fascism, and when you are looking at the rigging of the game, it’s called bankism. . . . This thing should have collapsed a long time ago, but they keep making up new rules and a new game. This is nothing more than a central bank confidence game, and you can tie it all back to bankism.”

How long can it go on? Celente says, “All it takes is a shock wave to end the game. You don’t know where it’s going to come from, but the stage is being set for a shock wave. . . . On one end, they can keep the interest rates low. On another end, they can even invent another quantitative easing (money printing) scheme. But on the bigger end, you have volatility in the world commodity markets and geopolitics that could end this scam in a second. . . . All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015.”

On war, Celente says, “It’s getting so easy to take the people to war. . . . Hatred is very easy to build between and among nations. So, I believe as these economic house of cards continue to collapse, they will get the people’s mind off it in a snap by getting us into more war. As I say, when all else fails, they take you to war because you can see the path. Go back to the crash of 1929: recession, depression, currency war, trade war then world war. Sound familiar?”

Join Greg Hunter as he goes One-on-One with the Publisher of the Trends Journal, Gerald Celente, as he gives his 2015 forecast.

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NWO Insider Exposes Global Elites End Game For America

Saturday, December 27, 2014 16:20

by Ashley Jones Alternate Current Radio Network

Globalization is the process of breaking through the protective barriers designed to separate the nation-states from the world system. Between 1944 and 2008 (BW I and II) all the nation-state barriers have been removed with exception of the national regulatory laws governing financial institutions, insurance companies, mortgages, and Wall Street.

As we approach the end of 2014, and head into the yr 2015, many Americans are feeling much despair. How could they not, with all the turmoil, and political unrest that is enveloping this country. It seems that the powers that be are trying to start a war between The people and government agents, such as law enforcement, and all federal officials. They must do this because America, and what she used to represent is the last nation in their way of their long established goal of a Totalitarian Global Police State.

As you will see in this very powerful video we are nearing the endgame of the global elite.

Please share this video so we can wake up the sleeping American Majority.

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.”

― Marcus Tullius Cicero

“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure–one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

– David Rockefeller’s Memoirs (Random House, New York, 2002)

“The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power.

“The depression was the calculated ‘shearing’ of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market….The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank.

-Curtis Dall, FDR’s son-in-law as quoted in his book, My Exploited Father-in-Law

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Established in 1944 and named after the New Hampshire town where the agreements were made, Bretton Woods I created a system that made the dollar the reserve currency of the world. In addition, the International Monetary Fund (IMF) and the World Bank were established.

Globalization is the process of breaking through the protective barriers designed to separate the nation-states from the world system. Between 1944 and 2008 (BW I and II) all the nation-state barriers have been removed with exception of the national regulatory laws governing financial institutions, insurance companies, mortgages, and Wall Street.

The real purpose of BWII is to establish the framework for a global regulatory system. This also presents the possibility of merging all regional currencies into a global currency.

On the agenda for 2009 is the passing of the Treasury’s “A Blueprint for a Modernized Financial Regulatory System”, which transfer to the Federal Reserve the remaining financial assets of America, effectively gutting our country.
Bio
Joan Veon is a business woman, international journalist and renown expert in the areas of global economics, Sustainable Development, and the United Nations. Since 1994, Joan has covered 100 global meetings, seeking answers to the evolving economic trends, and many of the world issues we are faced with today.

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Magic Growth Numbers — Paul Craig Roberts

Everyone wants good news, so the government makes it up. The latest fiction is that US real GDP grew 4.6% in the second quarter and 5% in the third.

Where did this growth come from?

Not from rising real consumer incomes.

Not from rising consumer credit.

Not from rising real retail sales.

Not from the housing sector.

Not from a trade surplus.

The growth came from a Bureau of Economic Analysis survey of consumer spending on services. The BEA found that spending on Obamacare drove the US real GDP growth to 5% in the third quarter.
Here Is The Reason For The “Surge” In Q3 GDP

In America, unlike in other countries, a huge chunk of medical spending goes to insurance company profits, not to health care. Another big chunk goes to paperwork, which has a variety of purposes such as collecting personal information on patients and combating fraud (probably the paperwork costs more than fraud). Another chunk goes for tests and procedures in order to justify further procedures. For example, if a doctor thinks a patient’s diagnosis requires a MRI, he must often first order an x-ray to establish that a cheaper procedure does not suffice. If a cancerous skin growth needs to come off, first a biopsy must be done to establish that it is a cancer so that a needless removal is not performed. And, of course, medical practicians must order unnecessary tests in order to protect themselves from the liability of relying on their medical judgment.

The Rest Of The Story Here

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2015: Year Of The Collapse?

Dec 23, 2014 InfoWars.com

Fed Chairman Janet Yellen is playing footsie with our interest rates. As the looming derivatives bubble expands, we take a look back at the real message quietly given to the U.S. economy by the privately owned Federal Reserve.

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