After years of giveaways to megabanks, marketed to the taxpayers as ‘quantitative easing,’ the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse.
In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free-fall.
The consequences will not be minor. Surprises will be many, since we are in uncertain waters and the world has never faced the gross misallocation of capital that exists today. The process is self-limiting. It will come to an end, and it’s not going to be far into the future.
Now, as chaos in the EU and weak corporate earnings create a tornado of uncertainty, banks are preparing for the worst.
According to CNBC quoting a major lender, banks are “preparing for an economic nuclear winter situation.”
The chaos in the market has major bank officials running for the hills. According to CNBC, European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.
On Sunday, a source, speaking on the condition of anonymity, due to the fact that revealing this information can get bankers killed, a source from a major investment bank told CNBC “that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.”
“This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now,” the source said.
This grim warning comes after the Royal Bank of Scotland has warned its investors of a “cataclysmic year.” In an eerily ominous note to its clients early this year, the megabank predicted another worse case scenario.
Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.
In the note, RBS’s credit chief Andrew Roberts told investors how Quantitative Easing has failed and was expected to fail.
We have been told for 7 years now since the credit crunch, under QE, to borrow money and invest it in one of 3 things: 1) EM 2) credit 3) global equities. This is a big picture, multi-year bet that has been taken, which has worked fine, and stopped working 10 months ago, (this is NOT NEW).
As the Guardian’s Larry Elliott points out:
Markets have been supported for some time by low-interest rates, stimulus measures from central banks including quantitative easing, and hopes of economic recovery. But with the Federal Reserve raising rates and the Bank of England expected to follow suit, that prop is being removed.
Those who pay attention to the effects of central bankers looting their respective countries have long pointed out the mathematical certainty that is an economic collapse.
The collapse of global markets is inevitable as it is a natural correction to the wholesale fleecing of the citizens through the unscrupulous actions of central banks.
Ron Paul sums up the situation perfectly:
The credit and new money, when created by a central bank, is delivered to the market in a political fashion for which the one percent receive special benefits. It allows the pyramiding of debt to fractional reserve banking, which compounds the long-term problems.
It may be fun while it lasts, but it always ends with a crash.
Bonds & Bullion are manically bid overnight as the last 5 days of complacent risk-on exuberance has collapsed into a worst-case-scenario “Brexit” raising doubts about the EU’s sustability and dragging central bank experimental ideas into farce…
This is the biggest spike in gold in 7 years back to 27-month highs…
Twelve years ago, John Perkins published his book, Confessions of an Economic Hit Man, and it rapidly rose up The New York Times’ best-seller list. In it, Perkins describes his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions. These policies helped to enrich tiny, local elite groups while padding the pockets of U.S.-based transnational corporations.
I couldn’t help but think about Flint, Michigan, under emergency management as I read The New Confessions of an Economic Hit Man.
Perkins was recruited, he says, by the National Security Agency (NSA), but he worked for a private consulting company. His job as an undertrained, overpaid economist was to generate reports that justified lucrative contracts for U.S. corporations, while plunging vulnerable nations into debt. Countries that didn’t cooperate saw the screws tightened on their economies. In Chile, for example, President Richard Nixon famously called on the CIA to “make the economy scream” to undermine the prospects of the democratically elected president, Salvador Allende.
If economic pressure and threats didn’t work, Perkins says, the jackals were called to either overthrow or assassinate the noncompliant heads of state. That is, indeed, what happened to Allende, with the backing of the CIA.
Perkins’ book has been controversial, and some have disputed some of his claims, including, for example, that the NSA was involved in activities beyond code making and breaking.
Perkins has just reissued his book with major updates. The basic premise of the book remains the same, but the update shows how the economic hit man approach has evolved in the last 12 years. Among other things, U.S. cities are now on the target list. The combination of debt, enforced austerity, underinvestment, privatization, and the undermining of democratically elected governments is now happening here.
I couldn’t help but think about Flint, Michigan, under emergency management as I read The New Confessions of an Economic Hit Man.
I interviewed Perkins at his home in the Seattle area. In addition to being a recovering economic hit man, he is a grandfather and a founder and board member of Dream Change and The Pachamama Alliance, organizations that work for “a world that future generations will want to inherit.”
Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening. On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings projection was released. The stock was down about 10 percent, which represented the biggest plunge since January 1988. Over 21 billion dollars in shareholder wealth was wiped out on Wednesday, and this was just the continuation of a very bad year for Wal-Mart stockholders. Overall, shares had already declined by 22 percent so far in 2015 before we even got to Wednesday. Here is more on this stunning turn of events from Bloomberg…
Wal-Mart Stores Inc. suffered its worst stock decline in more than 27 years after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.
Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.
If it was just Wal-Mart that was having trouble, that would be bad enough. But the truth is that signs that the U.S. economy has entered another major downturn are popping up all around us. Just consider the following list of economic indicators that Graham Summers recently put out…
The Fed has now kept interest rates at zero for 81 months.
This is the longest period in the history of the Fed’s existence, lasting longer than even the 1938-1942 period of ZIRP.
And the US economy is moving back into recession. Consider that…
1) Industrial production fell five months straight in the first half of 2015. This has never happened outside of a recession.
2) Merchant Wholesalers’ Sales are in recession territory.
3) The Empire Manufacturing Survey is in recession territory.
4) All four of the Fed’s September Purchasing Manager Index (PMI) readings (Philadelphia, New York, Richmond, and Kansas City) came in at readings of sub-zero. This usually happens when you are already 4-5 months into a recession. (H/T Bill Hester)
Another huge red flag is the fact that month after month fewer products are being shipped around the country compared to last year.
If less stuff is being shipped around by truck, rail and air, is it a sign that the economy is getting better or is it a sign that the economy is getting worse?
The answer, of course, is self-evident. With that in mind, please read the following excerpt which comes from a recent article by Wolf Richter…
It has been crummy all year: With the exception of January and February, the shipping volume has been lower year-over-year every month!
The index is broad. It tracks data from shippers, no matter what carrier they choose, whether truck, rail, or air, and includes carriers like FedEx and UPS.
Evidence keeps piling up in the most unpleasant manner that something isn’t quite right in the real economy. The world is now in an inexplicable slowdown – “inexplicable” for central bankers who’ve cut interest rates to zero or below zero years ago, and who’re still dousing some economies with QE even as governments are running up big deficits. And yet, despite seven years of this huge monetary and fiscal stimulus, the global economy is deteriorating.
Okay, so is there anyone out there that still believes that the U.S. economy is in good shape?
The Obama administration will probably not admit it for a very long time, but the truth is that the numbers very clearly tell us that we are in a recession.
Anybody out there, whether an “expert” or just someone you happen to know, that tells you that everything is just fine is either completely ignorant or they are purposely lying to you.
And just like in 2008, state and local governments are starting to get into tremendous financial trouble as the real economy sputters. For example, the governor of Illinois has told reporters that “we are out of money now” and that pension fund payments will be delayed as a result…
Illinois will delay payments to its pension fund as a prolonged budget impasse causes a cash shortage, Comptroller Leslie Geissler Munger said.
The spending standoff between Republican Governor Bruce Rauner and Democratic legislative leaders has extended into its fourth month with no signs of ending. Munger said her office will postpone a $560 million retirement-fund payment next month, and may make the December contribution late.
“This decision is choosing the least of a number of bad options,” Munger told reporters in Chicago on Wednesday. “For all intents and purposes, we are out of money now.”
When these sorts of things started happening in 2008, Fed Chairman Ben Bernanke and the Bush administration went into full-blown denial mode. They kept telling all of us not to worry and that everything would be okay, and that just made things worse in the end.
The same thing is happening now. The Obama administration and the mainstream media keep talking about an “economic recovery” even in the face of numbers such as I have discussed in this article.
Perhaps things are going well for you personally at the moment, and that is great. But now is not the time to buy lots of new toys. Nor is it the time to accumulate more debt.
Instead, now is a time to position yourself for a period of difficulty that could stretch on for years.
The next recession is here, and it is going to grow progressively worse.
The wise will take heed and make preparations, but the foolish will just keep on doing what they have been doing until it is far too late.
No matter what problem we look at today, regardless of scope or gender, demographic statistic or geographic location we can provide a solution; if we throw enough money at it…
And therein lies the actual problem.
The fundamental problem the human species faces today is the current monetary system. I submit that only by completely revamping the monetary system will we be successful as a species.
Currently the monetary system is controlled by a “for profit” Central Banking system. The major problem with this system is the idea of profit itself. Profit means “to obtain a financial advantage or benefit”. Unlike barter, the concept of profit necessitates a winner and a loser in any transaction. Most people are not aware that the current monetary system is a for profit system designed to create wealth and power for those that control the system, just as one would profit from the oil or manufacturing industry. Central banking is the business of controlling the monetary system to enrich only those that wield control of the system.
The business of banking rests on two pillars. One is foreclosure, the other is usury, or more commonly called interest.
When a man or company or Government takes a “loan” from a bank, the bank actually creates a new digital entry into the system under the borrower’s associated account. It is imperative to understand that this is a digital entry for new “never before been in existence” digital currency.
Regarding the business of foreclosure, if the “borrower” never pays the “loan” back, the bank can foreclose on an outstanding “loan” and then gains control of a tangible asset like a car or a property. Yet the fact is that the bank never risked anything to begin with. The digital currency created at the time of the “loan” is not a tangible thing. It doesn’t exist. It’s like getting the “blessing” of the Bank to go and purchase something. This is a simplification of the system but it is basically a correct understanding. This scheme has worked like a charm for them…
“They will be stripped of their rights and given a commercial value designed to make us a profit and they will be non the wiser, for not one man in a million could ever figure our plans and, if by accident one or two would figure it out, we have in our arsenal plausible deniability”. ~ Edward Mandell House
Regarding the business of usury, whenever a “loan” of non-existent currency is created there is also an interest charge built into the contract. When the borrower pays back the “loan” they are also required to pay back an interest charge that is over and above the newly created currency. The point to understand here is that the interest due was not created along with the new digital currency and thus a shortfall of currency is actually built into the system. Thus bankruptcy is a fundamental component of the current monetary system because there is always a shortage of currency. If every dollar of debt in existence today were to be paid back right now, all the interest would still be outstanding. This is the mathematical formula that has been used for centuries in order to steal tangible wealth from the actual creators of that wealth.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. ” ~Henry Ford
Having said all that, you might be intrigued and start to gain the understanding that only the bankers can win, but you might also say “so what”? People should be able to profit, after all, profit is the motivating factor in our world.
I submit that the concept of profit is the fundamental core of what is destroying the human species. If a larger, stronger man takes control of another man and subjugates him simply because he can, that is tyranny, and we as a species have evolved to see that this ethically wrong. Now we as a species have to evolve our understanding of the current monetary system to see that we are being subjugated into continuing to propagate the greatest control mechanism ever developed on this planet.
Let’s play the “If” game for a second.
If profit was taken out of the equation; do you think that cancer would still be a major threat to our species?
If profit was not a requirement; do you think that we would be using oil as the fundamental energy source used throughout the world today?
If the concept of profit was not in the human consciousness; do you think that “health” centres would ever refuse to treat the ill? Or actual cures for diseases would be shelved by Big Pharma?
If profit was not the driving factor of agriculture; do you think that we could easily feed the population of the world?
If everyone on the planet never had to worry about shelter or having enough food to eat or clothes to wear, would having more than you need be a consideration?
The concept of “profit” is what is holding us back as a species. We have been indoctrinated into a short term “take what we can NOW” philosophy that is based on the fallacy of continuous growthand competition. I submit that we would be far better off if we forged our future by cultivating the creative use of our finite resources using a co-operative intellectual methodology.
Study after study has shown that the world’s hunger and housing problems could be solved very quickly if a certain amount of money where to be thrown at those two problems. Studies show ending world hunger would cost around 30 billion dollars per year (vs $684 billion for the 2010 U.S. military budget). The fact that we as a species have not eliminated hunger proves that this problem is actually being facilitated. Is that acceptable to you? If it is, then all of us (but the few of the elite at the top of the control pyramid) are doomed.
Profit stifles as much creativity as it generates. Just look at the alternate technologies that have been suppressed because they would have upset the current paradigm, technology such as almost free and truly sustainable energy and anti-gravity devices. If either of these technologies ever went main stream the oil economy would take a huge hit and there would be an immediate shift in the controlling power structure.
The concept of profit is the paradigm that must be shed in order for us to move forward as a compassionate, free and intelligent species. It is the concept of profit that is the shovel we use to dig our own graves.
“Problems are best solved not on the level where they appear to occur but on the next level above them….Problems are best solved by transcending them and looking at them from a higher viewpoint. At the higher level, the problems automatically resolve themselves because of that shift in point of view, or one might see there was no problem at all.” ~David R. Hawkins
Abandoning just one concept, the concept of profit and our species will thrive for centuries to come.
About the Author
Rod Morin operates Barrie Tai Chi & Qigong studio in Barrie, Ontario, Canada, focusing on Yang-style Tai Chi, Taiji Qigong and Ziran Qigong. Rod has taught hundreds of students basic tai chi and energy work while striving to incorporate the profound teachings of taiji philosophy into his daily life. Please visit his website at www.barrietaichi.com.
The Federal Reserve is apparently very worried about bitcoin disrupting the monetary system.
According to an alleged whistleblower’s post on Reddit, Fed governors were “highly alarmed” by internal economic modeling that showed Bitcoin has the potential to completely displace the dollar by as early as 2021 (which they called “worst case”).
The whistleblower, who currently remains anonymous, claims to work for the Federal Reserve as a researcher who was tasked with doing “econometrics and related modeling” for Bitcoin.
The Dirty: We were directed to upgrade our modeling of bitcoin from developing currency to a major currency. In addition to all of the common modeling and forecasting that task entails, we were instructed to do full simulations of money flows, interest rates, multi currency derivative baskets, risk metrics, and their effects on global macro monetary policy and trade agreements. What we found was shocking. Even with a mediocre adoption rate and variable growth rate, bitcoin severely disrupts how we model, forecast, and ultimately understand currency interactions to make monetary policy decisions. This is a huge technological, monetary, and policy disruption which leaves the Fed, the US govt, and other entities with much less control.
Our best case scenarios are modeled upon current bitcoin adoption rates which have simulated a tipping point for the year 2026 (worst case 2021); this time frame projects the Fed (via the dollar) to lose its dominant global monetary policy maker status – instead everything will superseded by bitcoin.
I presented this updated report along with all of our modeling work and simulation outputs which were statistically and independently verified to the Board of Governors. The Board was highly alarmed and interrogated me and my fellow researchers in a 3 day session trying to understand every point of our research. It must be remembered that unlike politicians, the Board of Governors is a very well educated and empirical group with an ability to conceptually grasp complicated research.
The ramifications of this internal analysis could be huge. Pressed by the Reddit community to verify his claims, he is said to be working with journalists to release proof or his employment and of the report itself
Every decade or so, a group of like-minded people will invent something so revolutionary that it will change our life and how the world operates. The last time something that incredible happened was during the invention of the internet. Fast forward to 2014 and we are living in a time when incredible changes are occurring so fast that they are happening right in front of our eyes. Whether we are aware of these great changes or not, they will alter how we view our financial, religious, educational and political systems. One of them is known as the Bitcoin Revolution
In 2008, Satoshi Nakamoto published a research paper on cryptography that sparked the movement of Bitcoin. He stated that he found a way to create a decentralized network that can achieve consensus or agreement without the use of central authority systems, such as a central bank. Before he published his work, no one has been able to solve the byzantine generals problem, which was the obstacle that was preventing a decentralized network to achieve consensus.
I first heard of Bitcoin in early 2013, but I decided not to investigate it and brush it aside. Big mistake! Why? Because Bitcoin is one of the signs that I have been waiting for many years. Bitcoin isn’t just a digital currency. More importantly, it’s a cryptography technology that has amazing potential. If used correctly, it could phase out the central fiat banking system and free us from debt slavery! Bitcoin can do this because it’s an open source technology that isn’t controlled by anyone, just like the internet. However, certain greedy and controlling wealthy elites will try to control it, but the chance of them succeeding is slim.
Who controls the current central banking system?
The people who control most of the central banking systems of the world are part of a secret organization known as the New World Order (NWO). This organization is made of many different groups of secret societies. Fortunately, not everyone who is a part of the NWO supports its dark agendas. The controlling groups of the NWO need a highly controlled system to survive, which is why they love the fiat central banking system. This banking system is the main entity that allows them to steal our wealth through inflation and enslave us through debt. It also gives them the power to bribe politicians into supporting their phony wars and dark agendas.
Since the current centralized financial and political systems are heavily controlled by controlling factions of secret societies, if we want to achieve success or accomplish our goals, we have to overcome many of the obstacles set in place by them. For example, to make it big in the entertainment industry in the current state of our society, you need to sign a contract with major media companies. The problem is that they are mostly owned by secret societies; therefore, if you want to succeed, you will have to become their puppet. This is why most famous celebrities are tools of the NWO. If you want strong evidence of this, read this empowering article.
The dark forces or NWO can’t thrive in a society that uses peer to peer cryptography technologies in a responsible way. As more of these systems emerge, the dark forces will lose more of their controlling power, because these systems don’t rely on a centralized system to operate. These decentralized system will also motivate us to become more responsible. As we become more responsible, the NWO will have a harder time controlling us. It’s hard to control a responsible society that doesn’t rely heavily on controlling systems, such as a centralized government that answers to corporations and banking elites. Once the controlling systems of the NWO phase out, it will become a lot easier for us to achieve success and accomplish our goals.
The cons of Bitcoin
The cryptography technology that Bitcoin is based on is so revolutionary that if used correctly, it could help establish world peace and stop poverty. However, in the wrong hands, it could do the opposite. Fortunately, it’s hard to control a technology that is powered by the people, which is why the dark forces will have a hard time winning this battle.
Like the internet, some people will use Bitcoin for negative purposes, but it’s only a small percentage so they shouldn’t be able to disrupt the Bitcoin Revolution. A lot of people who hack computers to steal personal information are employed by certain controlling factions of governments; therefore, without large centralized entities to support them, a lot of these people won’t have the funds to support them to continue their work. In addition, cryptography technology is nearly impossible to decode.
Cryptocurrency, such as Bitcoin still has a lot of evolving to do, just like how the internet had to go through a lot of tweaking before it became reliable and useful. Even though it is still in its early stage, cryptocurrency is already more secure and has more potential than credit cards or any other digital currency. Remember, Bitcoin is a technology that utilizes the awesome power of cryptography to create pretty much any digital system, including but not limited to digital currency and stock programs.
As Bitcoin evolves, it will become harder and harder for corporations and centralized governments to control it, just like the internet. If we, the people, can unite and support cryptocurrency, we can help create a world where we can compete with big corporations and the elites, because it levels the playing field by shifting financial power back to the people.
Benefits of Bitcoin
No third party
Decentralized (no bank and government control)
Super secure (more secure than credit cards)
Central banks can’t manipulate or destroy its value through printing fiat money
It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion.
Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed.
We hear the people begging for jobs and the politicians promising them, but politicians can’t create jobs. We see people camped out to buy stuff on Black Friday indicating the consumer economy is seemingly thriving, only to find out everything was bought on credit.
The corporate media does their best to distract us from seeing anything real. We see the media glorify Kim Kardashian who got rich by being famous, and became famous merely by being rich. She got front page coverage on Huffington Post this week because her cat died. Enough said.
Meanwhile the financial media makes the economy seem complicated and they ban anyone who speaks truthfully about the economy from their airwaves.
Is it any wonder why people are angry and confused about the economy?
Well, hopefully these signs that we live in a false economy will help clear up some of that confusion.
1. Fake Jobs: It’s not just that the “official” unemployment numbers are a fraud, the actual jobs are fake as well. Ask yourself how many professions actually produce something of value? 80% of jobs could disappear tomorrow and it wouldn’t affect basic human survival or happiness in the least. Yes, in our society we need money to survive – and jobs equal money – but that doesn’t mean a “job” has any actual benefit to society. More on this in the next point…
2. Problems Create Jobs, Not Solutions: We can’t fix real problems, because it would destroy more fake jobs. We can’t end the wars and bring all of the personnel home when the jobless rate is already suffering. We can’t end the War on Drugs because where would the DEA agents, prison guards, the court system, parole officers, and the rest of their support staff work. We can’t simplify the tax code because the bookkeepers, CPAs, accounting professors, and tax attorneys would be unemployed. We cannot reduce the bureaucracy of government or streamline healthcare because paper pushers have few other notable skills. We can’t stop spying on Americans because it now employs millions of people. We can’t restrict the Wall Street casino, or hardly anyone will be left with a job. Finally, what will happen to university jobs when people either realize their product is not worth the cost or they discover they can get the same education online for nearly free? In other words, we need these manufactured problems to create phony employment.
3. Money Has No Value: Money is the biggest illusion of all. Our money is loaned into existence with arbitrary interest rates by a private monopoly. It is an IOU. It only has value because a law says it has value, and that value fluctuates based on how much supply is in the economy which, again, is controlled by a for-profit monopoly. It’s actual value is zero since it is just a piece of paper with fancy ink on it. The only things with real value to humans are skills (labor), tools and materials, food and water, and energy.
4. The Fed Now Buys 90% of the Nation’s Debt: Speaking of money, the Federal Reserve loans money to the US government who issues bonds to cover their spending. Those bonds are sold on the open market through auctions to investors who believe in the ability of the United States to make good on those bonds. Apparently, the US has no more investors because the Fed is now buying 90% of new Treasury bonds. This is called monetizing debt, or, essentially, monetizing money. That’s what a Ponzi scheme does. This acts to keep interest rates artificially low because they’d have to raise them to attract outside “investors”. In layman terms, our whole monetary system is a paper tiger, a house of cards, or whatever metaphor you want to use for fake.
5. What is the Value of Anything? The price discovery mechanism, or the process to determine the value of an asset in the marketplace, has become so convoluted that determining the genuine value of anything has become nearly impossible. Between government subsidies for things like food, fuel, education, housing, insurance and even cars; taxes, regulations and laws; the manipulation of the value of money and interest rates; Wall Street gambling on commodities; what is the real value of something? For example, why does an ounce of marijuana (a weed that can grow anywhere) cost up to $500? Is that the real value based on labor and materials, and supply and demand? Of course not. Its value is inflated mainly due to laws and regulations.
6. Failure is Rewarded: You know we live in a false economy when failure is rewarded and success is penalized. Citizens everywhere are being told they need to tighten their belts, work harder so we can bailout the failed government, banks, insurance companies and even car companies. And when we work harder and achieve some success, they tax it heavily to indefinitely pay for these fraudulent institutions. Yet this infinite money creation and taxation is light years from solving the root cause of the problem. The reality is that the banks’ solutions are the problem, enriching the investor class at the expense of the middle class. Global bankers are playing with taxpayer money – and the money of many future generations – in a global casino royale that is destined to fail so they can take the people’s assets. They are all-in; but their money is fake, and our assets put at risk are real.
7. Corporate entities have the same rights as humans, but not the same punishments: When the Supreme Court ruled that corporations have free-speech rights of people, it was one of the final nails in the coffin of the republic. Monied interests can now openly finance elections and buy the legislation they need to operate with impunity. Corporations may be comprised of humans, but they are not subjected to the same standard of humanity. It was profoundly argued in the article What if BP Were a Human Being? that judged by common standards of morality, decency, and previously agreed-upon definitions of criminality, BP would be judged a psychopathic killer … and immortal. Ditto for the rest leading the predatory corporate pack; the most obvious being defense contractors. And since these corporations are now joined at the hip with government itself, what does that make government? By changing definitions, they are attempting to change reality. But that still doesn’t make it the truth.
8. People buy things they don’t need with money they don’t have: In a type of trickle-down debt whirlpool, the government’s rampant spending without sufficient assets to back it up is mirrored in the behavior of the American consumer. Despite inflation, rising unemployment, and a continued collapse in real estate, it hasn’t stopped credit spending. The Associated Press just reported that for the month of October:
Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.
The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.
Borrowing in the category that covers autos and student loans increased by $10.8 billion. Borrowing on credit cards rose by $3.4 billion, only the second monthly increase in the past five months. (Source)
Most troubling is the type of borrowing highlighted. The worst possible borrowing would be these negative-return investments such as student loans, credit cards, and cars. It is magical thinking taken to the highest degree.
9. Entrepreneurs are punished: It has become nearly impossible to make a simple living on your own. America has become a land filled with bureaucratic red tape that actively thwarts small business creation and criminalizes independence. There is perhaps no better example of this than the attacks waged against the ultimate entrepreneurial endeavor of self-reliance: the family farm. Through collectivist models such as Agenda 21, long-running family farms are being shut down and supplanted with “protected zones.” In the most recent case, a family oyster farm was shut down based on provably false scientific data that aimed to demonstrate negative environmental and economic impacts. It was completely fake, ending an 80-year local business that generated 50,000 tourists per year and employed 30 full-time local residents. In many of these cases the federally stolen property winds up in the hands of developers who have no interest in a true local economy. It is an inherent part of any false economy to create dependence where none should exist at all. A five-minute video that can be seen here sums up the American economy of illusions and the death of the American Dream.
10. Engineered Slavery: Do you think slavery died in the 1800s? Think again. Economic hitmen (lenders) have successfully enslaved-by-debt everything from nations, entire industries, state and local governments and nearly every person on the planet. And they bought your servitude with money they never had, they simply created it out of thin air. Even if an individual doesn’t have any bank financing or credit cards, they still pay the private Federal Reserve through inflation and income taxes. As author of Confessions of an Economic Hit Man, John Perkins, would say: the time has come for the banks to collect their “pound of flesh” from average citizens by way of higher taxes, less social services, and taking your pensions — “austerity.” For an enlightening explanation of how economic hitmen work their dark magic please watch this video. If you’re still confused, see these 10 signs you might be a slave. Another, more obvious, form of engineered slavery is prison labor. Laws and regulations are specifically created to add to the prison population which enriches the corporations that own them, while local communities actually become poorer and more dangerous (source).
As George Carlin said, “It’s called the American Dream, because you have to be asleep to believe it.” It would be bad enough if it were contained to only one country, but we are now experiencing a global collective dreaming that fantasizes about a government figuring things out just in the nick of time. However, in the real world, the collapse has begun in earnest. Until we are committed to stop being slaves and counter the 10 points above, we will remain in the grip of an hallucination. However, there are encouraging signs through protests worldwide, alternative currency movements, and myriad creative solutions in the most affected countries like Iceland, Greece, and Spain that people are beginning to shake off their sleep, look in the mirror and realize that the dream economy they have been sold was designed to make them seek solutions in entirely the wrong direction.
Congressional Budget Office now admits catastrophic debt ‘crisis’ inevitable for America
(NaturalNews) From the behavior of both sides of the political aisle in Washington, you’d think that the nation’s unsustainable debt is no big deal. Otherwise, lawmakers would be clamoring to get a handle on it. But as it is, only a small, small group of fiscal conservatives is working to not only get a handle on the national debt, which is spiraling ever faster out of control, but to reform the entitlement spending that is driving the debt higher.
Obamacare is just the latest massive entitlement that is quickening the pace of America’s bankruptcy, which is why the fiscal hawks are moving to defund it. The same forces who passed that monstrosity, however, are now working overtime to not only keep it the law of the land but to make sure America goes broke funding it.
Is there anything that can impose reason on the unreasonable? Well, the Congressional Budget Office, Congress’ non-partisan fiscal watchdog, is trying. But there is only so much the CBO can do.
Like a broken record, the warnings keep coming
In its latest budget projection, which covers the 10-year period between 2013 and 2023, the CBO offers yet another dire warning that lawmakers ignore at there – and our – peril. The agency says that, based on its current projections, America’s large and growing debt – can you guess? – is unsustainable.
“[A] large and continually growing federal debt …would increase the probability of a fiscal crisis for the United States,” says the report.
What’s more, CBO says that if current laws and policies don’t change, the federal debt could reach 100 percent of GDP by 2038 (it is currently about 73 percent).
CBO also projects that healthcare spending by the federal government “will grow considerably in 2014 because of changes made by the Affordable Care Act” (Obamacare).
Of the current federal debt-to-GDP ratio, the “percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007.”
If laws remain the same, CBO said that it expects federal debt held by the public to decrease slightly, relative to gross domestic product, over the next several years. But after that, deficits would begin growing once more, in no small part due to the government’s major healthcare programs (think Obamacare, Medicare, Medicaid and the Children’s Health Insurance Program, or CHIP).
“CBO projects that the federal debt held by the public would reach 100 percent of GDP in 2038, 25 years from now, even without accounting for the harmful effects that growing debt would have on the economy,” the report said.
The word “crisis” appears numerous times in the report, as the CBO explains the negative consequences of burdensome debt. At some point, the report says, investors would begin to doubt the government’s willingness or ability to pay U.S. debt obligations, making it more difficult or more expensive for the government to borrow money. Even before that happens, the high and rising amount of debt “would have significant negative consequences” for both the economy and the federal budget.
And it just gets worse from here
More bad news:
— As the debt-to-GDP rises, there will a larger risk of a major fiscal crisis as well, because investors could begin demanding much higher interest rates to finance the federal government’s borrowing.
— More debt equals less flexibility in Washington to utilize tax and spending policies as a response to unexpected issues or occurrences, like a new recession or a major war.
— Most assuredly, interest payments on the government’s rising debt would necessarily increase – and substantially so – to become one of the budget’s biggest line items, if not the largest.
— As the government borrows more, private investment will fall off, “because the portion of total savings used to buy government securities would not be available to finance private investment,” CNSNews.com reported.
Our world continues its inexorable march towards total and complete freedom.
As we had anticipated, humanity is throwing off the chains of slavery and finding itself being liberated at a truly astonishing rate. A miraculous process continues to unfold where we are seeing very tangible results coming forward into the public consciousness, despite a massive mainstream news media blackout.
Almost every other day some new, amazing development emerges to positively confirm major and dramatic changes are upon us as never before. The momentum of these successive events is building to such a fever pitch, the end result will be a great shift of the paradigm which we call our reality. This shift is absolutely inevitable now.
What we now see developing in our world is the return of personal power within each and every one of us. This power comes from the understanding and recognition we are completely sovereign beings with God-given, unalienable rights which no man, government nor corporation can put asunder. Those unalienable rights include “Life, Liberty and the pursuit of Happiness” as laid down by our Founding Fathers in the great document known as the Declaration of Independence.
Regrettably, those God-given rights have been under attack ever since the Founding Fathers established our great nation. Through a slow and methodical campaign by the Crown of England (the City of London), the international banking cartel and the Vatican, we have witnessed the tables turned to a point where America has become a virtual police state and our rights have been ground into the dirt.
Although many assume the United States of America is a “free” country, the actions of our government, the political elite, the wealthy aristocracy and the multi-national corporations over the last 140 years belies the ideals of freedom as envisioned at the birth our nation. The words of German politician and writer, Johan Wolfgang von Goethe have never rang more true: “none are more hopelessly enslaved than those who believe they are free.”
The United States and the entire world remain controlled by one very key tool of enslavement –– the availability of money. And nearly all the money in the world today has been reduced to mere worthless paper, or fraudulent numbers upon a bank’s computer screen.
To that end, the world economy and its many currencies have been systematically hijacked and are now solely based upon the foundation of debt. In fact, debt is the engine which drives our global economic system and without the debt/credit relationship, the world economy as it is currently constituted, would cease to function.
Thus we have reached a most critical point in the modern world history where a debt-based economy and its related fiat currencies simply must go. Neither can sustain themselves any longer nor do they adequately serve the needs of a rapidly evolving human race. In their place must come a wholly new system based upon lasting value, sustainability and fairness for all.
And that is precisely what is happening at this very moment.
A very determined effort from a contingent of brave, noble people and alliances is working feverishly behind the scenes to transform our world economy for the better. And now, we are seeing the results coming out into the open in a series of historic steps which are unfolding. Ultimately there will be an unveiling of many landmark initiatives such as the Global Currency Reset, the World Global Settlements, the Global Collateral Accounts and the Restoration of the Republic, among many others.
It is truly remarkable to behold all of which is occurring in our world.
THE FALL OF THE HOLY ROMAN EMPIRE
The year 2013 has already been one of the most historic and revealing years in the history of mankind. And we still have a whole quarter left to go. The amount of revelations which have come from heretofore secret societies and clandestine institutions has been nothing short of staggering.
As we dive further down the proverbial rabbit hole to uncover an understanding much more closely resembling a truth, we find the same story repeating itself again and again. That story is –– all roads lead to Rome. The Roman empire of Constantine, Cesar, etc. never really went away. It just moved into the Vatican and has remained there ever since to rule over the entire world in secret, hidden to nearly everyone on the planet.
Almost immediately, the new Pope seemed intent on displaying a much different public profile than his predecessors when he returned back to pay his hotel bill, chose not reside in the lavish Papal apartment and to take the bus rather than luxurious limousines. Then, on Easter Sunday, March 29, 2013, in an surprising break from tradition, Pope Francis went to a youth prison to wash the feet of Muslims and atheists in an emulation of Jesus washing the feet of his disciples.
THE ABOLITION OF WORLD-WIDE DEBT
News emanating from the Vatican then took yet another noteworthy turn on July 25, 2013. Jaemes McBride of DivineProvince.org, the de jure Postmaster General of North America, held a special free live webinar. He proceeded to make a number of amazing announcements regarding the world economic condition and the Vatican, which has thus far gone unrecognized by the mainstream media. (See video archive below.)
Shift Happens! ~ July 25, 2013
“We’re seeing that there is this shift that is happening. We made it, that we won. We’ve been fighting for years to discharge the debt. And we did that,” he stated on the live webinar. “As of July 1, 2013, we do have global debt forgiveness. All the accounts and claims have been settled,” he added.
For years, Mr. McBride and others have been negotiating with Vatican and the Crown of England to release the burden of world-wide debt from the people of th world. He claims he was able to accomplish this feat by obtaining the coveted Seal of St. Peter from the Vatican which gives him authority to effect changes to the laws.
Divine Province has also gained control of the Global Estate Trust, “previously held by the Vatican and the Crown by default, having successfully assumed control and claim of the commission and powers of the Apostle Peter without challenge for centuries”.
According to Mr. McBride, although the global debt discharge became official on July 1st, the world rulers requested a three year period until the old system is completely fazed out.
“There is a transitional window. The powers that be and the banks and everything have a window to make this transition so as not to excite chaos,” he explained. “They have a three year window that they plan to exploit.”
However, Mr. McBride was adamant this three year window was simply an arbitrary number which can be severely reduced by the awakening of the people of the Earth to the truth through a process of education and awareness.
“Divine Province and Jaemes McBride, along with the labors of all who are committed and passionate for freedom and Natural Law, have broken the spell and power of the Vatican and Crown (City of London), and its presumptuous claim on the land and assets of the world as being under their sole and ultimate control, being managed by its structured hierarchy (which extends down to governors, cities, and towns worldwide).
The Vatican and Crown established the thoroughly incorporated, international commercial system throughout the world that has severely debilitated justice, governments, and the People’s wealth, power, and standing; by holding and controlling their divine estates in bankruptcy/dishonor, covertly treating them as lifeless subjects under commerce and numerous debilitating presumptions and adhesion contracts, and exploiting them and their souls as chattel for trade and profit.”(Also see Jaemes McBride’s & Ed Rychkun’s book “The Divine Province: Birthing New Earth” for much more detailed information. Also linked here.
In essence, this letter states any or all of these parties can be held accountable and sued for war crimes or crimes against humanity. Although, given their long history of malfeasance, it would be unwise to assume the Pope and the Vatican will be politely stepping aside as their numerous crimes are revealed to the world’s people.
In addition, numerous other resignations of priests, bishops and clergymen have also been quietly announced for September 1st. We can expect to see more resignations forthcoming from many other public officials in the very near future.
James McBride of Divine Province on As You Wish Radio August 10th, 2013
A BRIEF HISTORY LESSON ON MONEY
“The truth shall set you free, but first it may piss you off,” it has been said. Frankly, the truth is hard to come by.
Admittedly, there is no real accurate historical account of how the world found itself in such a desperate state of enslavement to the Vatican, as it has been so well concealed. It is safe to say it has been accomplished by a very meticulous, elaborate and devious plan in order to bring the entire world under the Vatican’s collective thumb. Therefore, to tell the story it is necessary to piece together a wide variety of information from a number of sources. And these sources don’t always agree.
With an economic system based upon debt and a worthless fiat currency, where does the value of the US dollar come from? Many will be shocked to learn the truth behind how our financial system has been set up and has operated since the official implementation of the privately owned Federal Reserve in 1933.
The short answer is the value for our money is obtained directly from you and all Americans who have been born in the US since the 1930′s. The value is drawn from our life force, our good will as consumers, spenders, wage earners and taxpayers. Thus, we can see where a term such as “human resource” figures into the equation.
Our life force is represented by one very important document which is then used as an instrument of value to back up the worth of the US dollar and to act as collateral against the fraudulent, illusionary US debt. That instrument of value is the birth certificate.
Naturally, this system has been instituted very slowly over many years in a strictly covert fashion. It has relied upon the ignorance and low level of consciousness by the people in order for it to take root. And it begins at the moment of birth and entangles us until our last breath upon this Earthly plane.
When parents sign off on a birth certificate for their new born child, they are authorizing him or her to be entered into the system as a bona fide debt slave. At the same time, each of us is issued a line of credit sanctioned by the world-wide economic system and ultimately controlled by the Vatican.
That credit amounts to anywhere from hundreds of thousands to millions of dollars within the confines of the system and only accessible via a financial institution, insurance agent, public utility, medical care provider, etc.
Your birth certificate, in turn, is tied to your social security number and becomes the method by which the banks draw upon to establish a line of credit when you come of age to open a bank account, a credit card, apply for a home loan, car loan and/or educational loan, etc. In fact, nearly every business relationship you enter into with a corporation, whether it is a cell phone contract, cable TV, telephone, electrical power, water service, insurance, health care, loan, traffic ticket, lawsuit –– you name it –– all tap into the same credit system.
In effect, these banking institutions are lending you your own credit and then charging you an exorbitant amount of interest for the use of it. If you default on a loan, the banks or the corporations then have the legal right to confiscate your home, property, car, etc. or take you to court for payment.
All of this is accomplished because the Vatican believes it has been bestowed the Divine right through the Papal bull to have dominion over all land, property, valuables and even your own body and your children through their possession of the birth certificates. In their eyes, the people of the Earth are merely debt slaves or paupers, and thus, must not become a burden to the Church. And as such, slaves have no rights, have no say in the matter and by law, cannot own anything. In other words, slaves are property and not human beings. (See video below for more Vatican secrets from Jordan Maxwell.)
Vatican Secrets EXPOSED! Jordan Maxwell | in5d.com
Yet here we stand, in the year 2013 and we are witnessing the disintegration of this entire corrupt and insane system. And we are now actually getting to see how its demise is being accomplished.
Granted, most people of the world will be shocked to the core to learn the true and absolute powers which lie within Vatican City, the Holy See and the Pope. The Holy Roman Empire has been the most powerful force on the planet for over 2,700 years. The Vatican has wielded indisputable temporal power over world affairs for centuries, including over the US as it sits at the very top of the pyramid when it come to the pecking order of planetary rulers.
Therefore, the very fact they have now authorized the discharge global debt is one of the greatest milestones in the history of the world.
THE BANKRUPTCY OF THE NEW WORLD ORDER
Ironically, as the world’s people are released from all debt obligations, the USA, Inc. shadow government, also known as Washington, DC will not be afforded the same privileges. The USA, Inc. has been over laid on top the original Republic envisioned by the Founding Fathers by an act of Congress known as the Organic Act of 1871, which established the Washington, DC/District of Columbia corporation.
Despite the illegal formation of this corporation, the Republic of the united States for America, as it was originally intended to be still very much exists. The USA, Inc., the entity responsible for the national deficit, is now bankrupt and we are now witnessing its free fall.
–– As if to further confirm the discharge of the debt and the bankruptcy of the USA corporation, a series of strange events began to unfold over the weekend of August 3rd and 4th.
Very likely the numerous embassy closings by the US State Department and the refusal of HSBC Bank to retain other foreign embassies as customers are intricately related to the ongoing bankruptcy of the world corporate governments.
Make no mistake about it, the penal system is part of the international slave trade where prisoner bonds are bought and sold like livestock on an underground market. The very fact the US Attorney General would make such a pronouncement is clearly directly tied to the discharge of the global debt.
Although most sources attributed the outage to some kind of major technical glitch, it is important to note a malfunction of this magnitude had never occurred in the entire 42-year history of NASDAQ, easily the most technologically advanced exchange in the world.
–– Ironically, tech titans Google and Amazon, as well as, media conglomerate, the New York Times, all had similar outages during the month of August. It is highly likely these other technical failures are not merely coincidental but perhaps part of a series of warning shots to the global elite. It should be noted, the heads of Google, Amazon & the New York Times all have been active members of the Bilderberg group.
Yet, even with a threat of world war, we are seeing more and more of the globe uniting to stand directly opposed an international cabal whose support may have now dwindled down to a mere eight member countries including: the US; Canada; France; England; Israel; Turkey; Saudi Arabia; and Qatar. Another clear sign the game has dramatically shifted. We have come to the point where nearly the whole of the planet has mandated we must begin the move towards a world of peace.
CONCLUSION: THE FINAL PIECES FALLING INTO PLACE
Clearly we are seeing the collapse of an old paradigm no longer sustainable within our rapidly evolving reality. From this point on, we can expect big and spectacular changes to become the norm.
Unfortunately, it appears as if the sheer scope and scale of the Global Currency Reset and all its many components was a far grander and more complex undertaking than any had anticipated. The numerous technical issues which have cropped up recently with NASDAQ, Eurex and the co-ordination with other financial systems such as Forex as well as the newly created International Currency Exchange (ICX) have proven it to be so.
Many, many reports have suggested numerous attempts of the GCR have been done without success thus far. We must now conclude there may still be several important pieces to this puzzle which must align themselves for the Reset to be finally launched. Yet we must appreciate the many steps which have already been accomplished and thus we can confidently determine we are very, very close to completion.
With all of this extraordinary amount of activity, it should be abundantly clear by now we are dealing with a much, much bigger undertaking than revaluing one or two currencies. We are deep within the process of a total global phenomenon unprecedented in human history. As we sit now, humanity is at a critical stage of evolution. We have reached the point of no return.
It is interesting to note the numerology for the date of August 31, 2013, the ending date before a new paradigm kicks in on September 1st –– 8 + 3 + 1 + 2 + 0 + 1 + 3 = 18. Then if broken down to single integer – 1 + 8 = 9. Nine is the symbolic number for completion.
If you have been following this story for some time, you have also likely noticed a great deal of conflicting and confusing information has peaked to an all time high. Understandably, you may have reached a point where you are ready to throw your hands in the air in a state of exasperation.
As events accelerate towards a crescendo, we may well be in the midst of what scientists have often referred to as the Chaos Theory. In this instance, reality begins to accelerate into an increasing state of chaos. Eventually, it reaches what appears to be an out-of-control stage. At this point, a dramatic shift occurs taking reality to a much higher level, or a more evolved state of being.
Do not be surprised if the world appears to get even stranger as we venture from an old paradigm into a new. From an old, outdated way of being to an entirely, expanded new one.
One of the greatest detriments to change is fear. As we have discussed in many previous news articles, fear can be a extremely debilitating condition which robs us of our innate power. We must resist the temptation to fall into a state of fear as we come to this critical stage in the future of the Earthly experience, despite the threats which seem to emerge from everywhere.
Ultimately, realize these are tests for us to overcome and all are merely an illusion. They are not real. In the process of overcoming our fears, we will accelerate our evolution that much more quickly.
We have outlined a great deal of very profound changes coming into our reality at this present time. These changes are directly the result of an awakening of consciousness within the human experience.
We must understand, all changes start from within. The world is not happening to us, we are directly affecting the experience we are having by our own thoughts and beliefs. All the conditions on the Earth, whether negative or positive, are the makings of the human mind.
Realize how magnificent a time we are living in as we are now witnessing the world transforming right before us. A long, sordid chapter of slavery, subjugation, fraud and fear is thankfully coming to a close. Directly in front of us lies a much more spectacular and enhanced human experience. And it is here now for the taking.
This time period which was long ago prophesied has been referred to in many different ways such as the great shift of consciousness, Heaven on Earth, or the Golden Age. Whatever label it goes by is of least importance, rather it is the feeling it engenders within which makes all the difference.
For sure, many, many challenges lie ahead us. Yet, ten times as many blessings will become accessible to you and your family like never before as we move forward.
Indeed, the time has come to begin to reap the harvest. And what a bountiful one it will be.