Monday, August 19, 2019

Are we headed towards The Greatest Depression of All Times











This time it is not The Great Depression that is coming , but the Greatest Depression . The king of them all. Unlike 2008 this one will have the human despair of the dirty 30s. We don't have the money or credit to save our backs like last time. And we didn't even do that the Fed just held the rates to the floor and Obama got an easier ride. Glass-Steagall separated the money creation side of banking from the investment side of banking. It also stopped the money creation side of banking from trading in securities. The people that put it in place knew what it did, the people that repealed it didn’t. Without Glass-Steagall the bankers could create money to buy securities they produced themselves in a ponzi scheme. This is what they did. You will never have banking again in this country as long as the banks sweep your accounts every night and invest it in the stock market. this time it is not going to be a sequel of 1929, the Fed is not going to sit by and let the Money Supply fall by 1/3 to support the dollar and gold standard, more they will pump again in old QE playbook, and there will be inflation, high interest rates, austerity, bailouts, and difficulty financing the national debts around the globe and some sovereign defaults. There are many people who like to insist that "debt is just a social construct" and that it can be rendered meaningless by just deciding to zero out the books. But this is not true. Any debt, once issued, has to be paid back in some form or another, either by liquidation (i.e paying it back in hard currency), monetization (inflating the money supply), or default (sacking assets to pay creditors). As mysterious as it may sound, there is simply no way to not pay back debt. That's because debt represents consumption in the present that is borrowed from the future, and you cannot consume that which has not been produced. As Say's Law stipulates, we pay for production with other production. Therefore, in order to make good on what we've consumed in the present, either somebody is going to have to produce it again in the future just to replace it (at no profit to themselves) or we're just going to have to do without it in the future. There is no other alternative. The very laws of causality themselves do not permit us to wriggle free of debt without paying it back. "Verily, verily I say to you, you will not get out of there until you have paid the last penny." This is a rather frightening prospect to imagine once you take account of the untold trillions of liabilities we've already heaped up to ourselves. All that we see around us, practically the entire American economy and all its infrastructure and capital assets, is already pledged just to fill in the production hole from what we've consumed without paying for it. We have already destroyed ourselves. We are only awaiting now the firm, fell footsteps of the Reaper. Money can only be created through the issuance of more debt.The whole shitaree collapses when people quit taking on debt and the velocity of money dries up. Our entire way of life was built on sound money. We haven't had sound money since 1971 or arguably when the FED was created in 1913. Nobody wants this shitshow to end more than I do. One day we will be vindicated at great cost and suffering. There will be no "I told you so" because people are just stupid and everyone will be doing what they have to do to survive. Our world then will be one ugly, horrific place. I hope to hell those people learn from the mistakes of 1929, the intervening wars, 2008, and the last great debacle. It's got to get a lot worse before it gets better, my friends. Here is my recommended list of basic investment priorities . food, water, shelter, self defense, fuel, toiletries (that is unless you have enough worthless $1 bills to wipe with) ,reliable transportation (preferably an older model 4x4 diesel pickup), tools, rural land with water rights, and some kind of camper trailer, possibly some precious metals. In my opinion any responsible adult would invest in some or all of these precautions to help ease the stress of many scenarios. Got a 401K ? Get your money out now. so what do you think are we headed for the greatest depression in history of mankind or everything is fine and dandy , and there is no need to panic !? let us know what you think in the comments section below .















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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow


When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
UNKNOWN

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN