11 Dec, 2014 by Dave Hodges
Now that you know that your bank account is no longer owned by you, your retirement, 401k, your home and even your freedom is at risk, it is time for you to salvage what you can and then put what’s left of your resources towards surviving what is coming. Literally, your life depends on whether you begin to take your assets out the bank and begin to purchase life sustaining supplies.This article will make more sense if you visit The Common Sense Show website and read the articles posted between November 16-20th.
The Death of the American Economy
There was an obscure story which ran three years ago which is receiving scant attention and yet, it is the banking story of the decade. It is the number one banking story in human history. It is the story which will destroy America’s banking accounts. It is the story that spells the beginning of the end of America’s financial empire. This is the end of the America’s financial empire and NOBODY is talking about it. What is that story? First, the prerequisite background.
Our Crushing Debt
Nearly every publication estimates the derivatives debt to be in the range of one quadrillion dollars to $1.5 quadrillion dollars. Conservative estimates tell us that this derivatives debt, that has been assumed by the governments of the world, is at least 16 times the entire value of the assets of Planet Earth. This generation cannot pay off this debt. Your children, grandchildren and even great-great-great-great-great grandchildren cannot pay off this debt. If the status quo were to remain in place this debt could not be paid off in the 25th century, the 30th century, nor the 50th century. My estimates place the interest on the debt to exceed the entire value of the world’s assets and the interest is increasing far faster than the governments of the world can service the debt. Who is the debt owed to? It is owed to the first movers, the owners of the central banking system. If you want an identifiable target, let’s call the debt owners of the planet the Bank of International Settlement (BIS) along with their henchmen at the World Bank, the International Monetary Fund and their minions at the United Nations. The BIS is collapsing its own banking empire in order to usher in a New World Order which will be discussed later in the article.
The world’s economy has been dealt a fatal blow from which it cannot recover. No amount of budget, belt tightening will ever change this fact. We could literally be taxed at a 100% rate and the derivatives debt and the interest on this debt will continue to increase faster than the nations can pay the debt down.