We are now exiting the eye of the hurricane
The only thing the DEBT laden societies (their politicians and central banks that love the paper money) have done for last several decades is to kick the can down the Road. One small thing everyone forgot – There is a dead-end somewhere down the road…And there is butcher sitting over there to receive those that are not prepared to meet him at the dead-end.
Those who have their ears on the ground are realizing what is going on…. Unfortunately Six-pack-Joe is sleeping (nothing unusual about it…that is why sheeple get slaughtered when they do). The only question is – how are you prepared to deal with what happens?
Gold and Silver are on Sale again. We should welcome the discounted prices.
Here is how the things are doing these days? Any takers for collapse yet?
Images: Man sets himself on fire outside a Piraeus bank
A man pours a flammable liquid on his body to set himself on fire outside a Piraeus bank branch in Thessaloniki in northern Greece. The 55-year old man had entered the bank and asked for a renegotiation of his overdue loan payments on his home and business, according to police, which he could not pay, but was refused by the bank
What Happens When Nation Goes Bankrupt
When an entire nation goes bust, the pain is felt much deeper: the most basic systems and institutions that people have come to depend on simply disappear. Argentina’s millennial debt crisis is a great example of this… suddenly the power failed, the police stopped working, the gas stations closed, the grocery stores ran out of food, the retirement checks stopped coming, and the banks went under (taking people’s life savings with them). European leaders (with Chinese help) can postpone the endgame for a short time, but they’re really just taking an umbrella into a hurricane. It would be foolish to not expect a Greek default, and it would be even more foolish to not expect significant consequences. The only question is– how are you prepared to deal with what happens?
We’re All Greece – And On Fire
It’s not really very complicated; try using your credit card to maintain a $173,000 lifestyle when you only make $100,000 and see for how long you’re able to do it. It’s inherently a pyramid scheme and inherently must, at some point, end. It must end because eventually you run out of ability to sustain it – you run out of suckers and the pyramid collapses. This always happens because it mathematically must happen. When debt grows faster than output on a compound basis the two curves inevitably run away from one another and must always result in a collapse. This is not a political issue, it is not a left or right issue, it is a function of simple mathematics. This is the truth whether you wish to hear it or not. Whether you wish to face it or not. And until we as a nation and the world as a whole stop playing pyramid games with debt there will be no actual and functional recovery.
Once upon a Time!
Gold is in the process of changing functions in the global economy. And in this transition, “the most visible transformation since it was first used as money,” it will plateau at a new, mind-blowing level before it resumes its proper function. This is happening. It must happen, because bullion bank paper promises cannot function like gold. So be careful what kind of gold you’re holding (physical is what you want), or you might just miss out on the revaluation of the millennium. Gaining a deeper understanding of what is happening, as you can here, here and here, should help those of you that worry about buying gold now because a few analysts, who have no idea what they’re talking about, keep saying this is the top. This is the “top range” prediction I made two years ago
Euro Collapse Could Lead to War
A collapse of Europe’s monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC late on Thursday
‘World in danger zone’
Robert Zoellick, the World Bank president, warned “the world is in a danger zone” as the economic crisis in the United States, Europe and Japan threatened to ravage the rest of the global economy. “Europe, Japan, and the United States must act to address their big economic problems before they become bigger problems for the rest of the world.”
New York Mayor predicts riots in the streets if…
“That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.” Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious about generating jobs…
Billboard Signals of Collapse
The billboard messages are dire, ugly, dreadful, dangerous, and full of destruction, typical of systemic failure. Too bad the Keynesian textbooks do not have a chapter on banking system insolvency, or one quarter of the households living in negative equity, or central bank toxic paper pits, or global currency war, or confiscation of tyrant accounts. The ineffective monetary & fiscal policy has ushered in the nightmarish systemic failure. That is what is occurring.
Recession: America’s lost generation..
In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others – nearly 1 in 5…
…Society Is Breaking Down
“Things are going to get much worse,” Celente says. “Society is breaking down on every level: socially, economically, politically and it’s not just the U.S. It’s worldwide.”…Currency wars have already started he said…Severe economic contraction, followed by currency wars, trade wars and, ultimately, armed conflict…
The 13 Signs of a Societal Collapse
I am terrified for our future, and frankly, fear that many of our dear friends and family members will fall victim to the dismemberment of our economic system and be caught in the crossfires of economic unrest, poverty and third-world country conditions. Like it or not, we are in an economic depression and a large percentage of the population is completely ill-equipped to survive it.
China and the Doomsday Scenario for Europe
What was once considered a worst-case scenario is quickly becoming a real, if not a likely possibility: A European country—most likely Greece, but maybe Italy or Spain—is going to default in the very near future. Officials in the United States are in an early state of panic….So who remains to play savior to the United States and Europe? Look eastward….China, the Last Man Standing…China has yet to offer assistance to the U.S., its rival for global economic dominance. But in a doomsday scenario, the United States might not have any choice but China.
“Europe Is In State Of Financial Collapse“ he is very clear on where he sees risk and return potential in the world
Get ready for the next crash
European leaders may stave off a banking crisis for a few more weeks. Markets may even stage a relief rally as Greek debt worries abate. But make no mistake — a deeper crisis in foreign banks is coming.
Economic Collapse Approaches – Preppers Shall Inherit the Earth
If you are not seeing what is emerging you are simply not paying attention…It has been very clear to those who are paying attention that the path for humanity is on is headed for cliff
‘Only a Matter of Time’ Before Greek Default
Market forces are about to do what governments will not do – i.e., withhold credit from the troubled countries and banks all over Europe. The situation is about to collapse.”
“The Great Crash Ahead”:
The recent gyrations in global stock markets are just the beginning, says U.S.-based economist and author of upcoming book “The Great Crash Ahead”, who believes the Dow will fall below 10,000 in the near term before crashing to around 3,000 in 2013.
Americans going to Canada to find work
Usually, you hear stories of people fleeing to America, not the other way around. But the jittery state of the U.S. economy is driving an increasing number of its citizens to seek better prospects north of the border. Americans are the latest economic refugees, and they’re heading to Canada
POVERTY RECORD: 46.2 million Americans now poor…
The number of Americans living below the poverty line rose to a record 46 million last year. The number of poor Americans in 2010 was the largest in the 52 years that the Census Bureau has been publishing poverty estimates. The economic deterioration depicted by the figures is likely to have continued into 2011 as economic growth diminished, unemployment remained stuck above 9 percent and fears grew of a possible double-dip recession.
22 percent of American children in poverty…More than a fifth of Americans under the age of 18 lived in poverty last year
Crime Scene in America – Its Economy Stupid!
VIDEO: Teen mob attacks clerk, robs convenience store…
Entire family arrested for shoplifting at SEARS… A family of four –including two teenage sisters — were arrested over the weekend after they attempted to steal about $550 worth of shoes and cologne from a Sears store in Burbank, police said.
Men accused of stealing $60,000 in toilet paper, plastic utensils… Will County warehouse worker partnered with an accused murderer to rip off $60,000 in toilet paper and plastic utensils from his employer.
Woman Steals 2,000 Books From Library, Planned To Resell Them… Police say a Southland woman suspected of stealing thousands of public library books and DVDs was likely going to hold a book sale of her own
67 people shot in NYC over Holiday Weekend… New York on Tuesday show that at least 67 people were shot between 12 a.m. Friday and 11:59 p.m. Monday. That includes nine on Friday, 10 on Saturday, 33 on Sunday and 15 on Monday.
Gov’t Battles Copper Thieves… The US Department of Energy and its Oak Ridge National Laboratory have built a security system that is aimed at thwarting at least some of the copper thefts that plague utilities and other large facilities.
Power lines in Indiana stripped…. A utility company says thieves have climbed utility poles and cut live electrical lines in order to steal hundreds of pounds of copper in a northwestern Indiana neigorhood.
Facing foreclosure, dad abandons son: A father accused of abandoning his 11-year-old son because his home was in foreclosure has been arrested in a small coastal town in central California
Thieves Steal Batteries From 32 School Buses: Someone broke into 32 buses at the Miami-Dade County Public Schools’ bus depot, stealing the batteries from the vehicles
Semi tractor-trailer with 21 tons of meat stolen… Iowa Police said thieves stole more than 42,000 pounds of meat when they took off with a loaded semi tractor-trailer last weekend
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