Warning: Some viewers may find this information disturbing as they are awakened from their slumber.
Warning: Some viewers may find this information disturbing as they are awakened from their slumber.
The Russians pulled their Treasury bonds out of New York. And Russian corporations are pulling their money out of US banks. These are key signs that the dollar and the current US puppet government could collapse long before the 2016 elections. The dollar could never survive the sanctions Obama and Kerry are threatening. If we are lucky, President Putin of Russia and President XI Jinping of China, are too busy laughing at John Kerry to pay attention. It is not in China’s interest to force America into bankruptcy before China has squeezed every last gold bar out of US and London vaults. Their goal is to replace the dollar as the world’s reserve currency with a gold backed yuan.
America is on the verge of collapse. The occupying Power of the Bankers has bled us dry with their wars and their Ponzi schemes. They have stolen tens of trillions of dollars from our pensions and savings and sent it overseas. The Bankers are financially prepared if the dollar is collapsed when their puppet President imposes sanctions on Russia or makes some other strategic blunder in June of 2014 or maybe March 2015.
The dollar might survive past April of this year. But it might not. The dollar might even last a few months. But I don’t see how this precarious Dollar Bubble could possibly last until the next President takes office in January of 2017.
I have written of the clash between the Russo-Chinese alliance and the New World Order. But I do acknowledge that the West’s 30 families like the Rothschilds have extensive holdings inside Russia and China.
March 20th, 2014
Now may be the best time to buy a home. At least that’s what the majority of real estate agents in America will tell you if you ask them how the housing market is doing.
They’ll cite various statistics and give you a “feel” for the market from their personal experiences to convince you this is the case. But if you’re paying attention, then it should be clear that there is, in fact, no recovery in the housing sector. And any gains we may have seen over the last few years are nothing short of a Federal Reserve fueled mirage, much like the stock market.
The following chart from Bank of America is indicative of some serious fundamental problems, not just with the housing market, but the broader economy as a whole.
If you ask the experts they’ll give a host of reasons for why sales are down, as well as prognostications for why the real estate market is about to turn the corner and head back to new highs.
The weather, of course, is always to blame for lackluster sales in homes and consumer products, and that, apparently, is the case once again. But the National Association of Realtors has, for the first time ever, indicated that there is another key challenge facing home buyers.
Student debt appears to be a factor in the weak level of first-time buyers.
“The biggest problems for first-time buyers are tight credit and limited inventory in the lower price ranges,” he said. “However, 20 percent of buyers under the age of 33, the prime group of first-time buyers, delayed their purchase because of outstanding debt. In our recent consumer survey, 56 percent of younger buyers who took longer to save for a downpayment identified student debt as the biggest obstacle.”
Brown notes the survey results are for recent homebuyers. “It’s clear there are other people who would like to buy a home that are not in the market because of debt issues, so we can expect a lingering impact of delayed home buying,” Brown added.
As any long-time reader of this column knows, we routinely draw from historical lessons to highlight that this time is not different.
Throughout the 18th century, for example, France was the greatest superpower in Europe, if not the world.
But they became complacent, believing that they had some sort of ‘divine right’ to reign supreme, and that they could be as fiscally irresponsible as they liked.
The French government spent money like drunken sailors; they had substantial welfare programs, free hospitals, and grand monuments.
They held vast territories overseas, engaged in constant warfare, and even had their own intrusive intelligence service that spied on King and subject alike.
Of course, they couldn’t pay for any of this.
French budget deficits were out of control, and they resorted to going heavily into debt and rapidly debasing their currency.
Stop me when this sounds familiar.
The French economy ultimately failed, bringing with it a 26-year period of hyperinflation, civil war, military conquest, and genocide.
History is full of examples, from ancient Mesopotamia to the Soviet Union, which show that whenever societies reach unsustainable levels of resource consumption and allocation, they collapse.
I’ve been writing about this for years, and the idea is now hitting mainstream.
A recent research paper funded by NASA highlights this same premise. According to the authors:
“Collapses of even advanced civilizations have occurred many times in the past five thousand years, and they were frequently followed by centuries of population and cultural decline and economic regression.”
Last week I told you about “The Coming Curse of Zombie Foreclosures.”
I described how folks – who thought they were foreclosed on – are suddenly finding out they are actually still on the hook for mortgage payments, taxes, and all kinds of maintenance on abandoned homes.
What I didn’t tell you is that the nation’s largest mortgage-issuing bank – and the most profitable bank in 2013 – may have been bitten itself by the very zombie foreclosures it breeds.
The New York Post’s Catherine Curan dropped that bombshell last Wednesday when she was the first to report that bankruptcy attorney Linda Tirelli had unearthed a Wells Fargo “how-to” document that instructs bank attorneys essentially how to commit fraud.
Tirelli filed the 150-page manual in New York’s notoriously no-nonsense and hard-charging Southern District court on behalf of a homeowner in bankruptcy.
The “step-by-step procedure” document instructs Wells Fargo employees how to create (as in just make up out of thin air) an “endorsement” or an “allonge” to prove Wells Fargo is a homeowner’s creditor and therefore has a right to foreclose on the underlying property.
An endorsement is something a lender signs over to a new lender who is taking over the loan or mortgage. An allonge is a string of endorsements attached to a note (mortgage or loan) showing the actual chain of endorsements.
An increasing number of financial experts are saying the United States dollar is no longer a reliable and dependable currency – and that its downfall is inevitable. There are even some experts who think the dollar is so unstable that the Chinese Yuan will soon become the world’s reserve currency, or currency of choice.
“Our addictions to debt and cheap money have finally caused our major international creditors to call for an end to dollar hegemony and to push for a ‘de-Americanized’ world,” investment advisor and financial strategist Micheal Pento wrote in an op-ed piece for CNBC.
“In my view the dollar is about to become dethroned as the world’s defacto currency basically,” Canadian billionaire investor Ned Goodman said. “We’re headed to a period of stagflation, maybe serious inflation, and the United States will be losing the privilege of being able to print at its will the global reserve currency.”
Goodman believes the US already is in another recession. The unemployment numbers are understated and the “real” unemployment number likely is closer to 15 percent, he said.
Over half of 200 international institutional investors surveyed by the Economist think that the Yuan will eventually replace the dollar as the world’s reserve currency. The reserve currency is the money most commonly accepted for international trade.
Why Reserve Currencies Matter
Having money with a reserve currency status enables a nation to dominate and control the world’s financial markets, as their currency is used for international trade and transactions. The US has the ability to maintain a $17 trillion national debt largely because the dollar is the reserve currency.
A nation with a reserve currency can simply print money to pay its debts.
By Gerald Celente
March 17, 2014
The onset of the great depression of the 1930′s brought a spike in banker suicides, Will Rogers noted of the time, “When Wall Street took that tail spin, you had to stand in line to get a window to jump out of, and speculators were selling space for bodies in the East River.”
Winston Churchill – the day after Black Friday – observed, “Under my very window a gentleman cast himself down fifteen stories and was dashed to pieces, causing a wild commotion and the arrival of the fire brigade,”
Nearly Eighty-five years later the phenomenon of banker suicides appears to have returned.
The week of January 20th would be the last for Swiss Re AG communications director Tim Dickenson but wouldn’t be the last in a string of deaths and suicides for International bankers.
Just days after Dickenson’s death on January 26, police found former Deutsche Bank executive Bill Broeksmit in his South Kensington London home after he’d hung himself.
The next day on January 27, JP Morgan senior manager Gabriel Magee, jumped 500 feet to his death from JP Morgan’s central London Headquarters he was a 39-year-old
A few days later on January 29, Chief Economist for Seattle based Russel investments, Mike Dueker, was reported missing by friends, he was found later at the base of a 50 foot embankment. Police called it a suicide.
On February 4th, in a bizarre manner of death, the coroner ruled Suicide for Richard Talley, 57 who founded American Title Services in Centennial, Colorado. He had a total of eight wounds to his body and head – the method of death – a Nail Gun.
Last week on, February 17th, Dennis Li Junjie jumped to his death, shortly after lunch, from a the roof of the Asian headquarters for JP Morgan – he was only 33.
In the last eight months there have been at least 12 reported deaths of bankers perishing under questionable circumstances.
High stress banking careers are being blamed for the recent suicides. However, the answer may not be that simple.
You can’t get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consumer spending, you need to have a large middle class. Unfortunately, the U.S. middle class issteadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. For example, in poor neighborhoods all over America we are seeing bank branches, car dealerships and retail stores close down at an alarming rate. If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retailer in some areas of the nation. On the other hand, if you live in San Francisco, New York City or Washington D.C., things are pretty good for the moment. But as a whole, the condition of the U.S. consumer continues to decline. Incomes are going down, the cost of living is going up, and debts are skyrocketing. The following are 19 signs that the U.S. consumer is tapped out…
#1 Real disposable income per capita continues to fall. In the fourth quarter of 2012, it was sitting at$37,265. By the time that the fourth quarter of 2013 had come around, it had dropped to $36,941. That means that average Americans have less money to go shopping with than they did previously.
#2 In January, real disposable income in the U.S. experienced the largest year over year decline that we have seen since 1974.
#3 As disposable income decreases, major retailers are closing thousands of stores all over the country. Some are even calling this “a retail apocalypse“.
#4 From September 2013 to January 2014, the personal saving rate in the United States dropped by a staggering 16 percent.
By now, it must be completely obvious to anyone paying even the slightest bit of attention that the so-called “recovery” we have supposedly been witnessing for the past several years is nothing more than a wealth transfer to a handful of oligarchs and their political minions. While I am intimately familiar with the process in the U.S., it appears to be a global phenomenon as well.
Domestically, this process has been driven by the complete corruption and insanity of those calling the public policy shots in Washington D.C.
At the heart of that process, resides a group of un-elected economic Central Planners known as the Federal Reserve, or the lender of last resort for oligarchs and cronies who make bad business decisions.
By Michael Krieger, Liberty Blitzkrieg:
Before I get to the title of this post, I want to highlight a very important article published last week that demonstrates how college graduates are forcing their lesser educated peers out of the workforce by taking jobs that do not require secondary education. If you read this and still can’t be honest that this economy is a total distorted shitshow, I don’t know what to tell you.
Recent college graduates are ending up in more low-wage and part-time positions as it’s become harder to find education-level appropriate jobs, according to a January study by the Federal Reserve Bank of New York.
The share of Americans ages 22 to 27 with at least a bachelor’s degree in jobs that don’t require that level of education was 44 percent in 2012, up from 34 percent in 2001, the study found.
The New York Fed researchers said it isn’t clear whether two decades of increasing underemployment for recent graduates “represent a structural change in the labor market, or if they are a consequence of the two recessions and jobless recoveries in the first decade of the 2000s.”
Two “jobless recoveries.” I’m still trying to figure our how you can have a “jobless recovery.” Perhaps they aren’t recoveries in the first place. Bear in mind that these are the unelected people running the economy.
The share of young adults 20 to 24 years old neither in school nor working climbed to 19.4 percent in 2010 from 17.2 percent in 2006. For those ages 25 to 29, it rose to 21.3 percent from 20 percent in that period, according to a Federal Reserve Bank of Boston report in December.
Thanks for the study Federal Reserve, now get back to funneling interest free loans to financial oligarchs. The Rest Of The Story Here