Saturday, November 30, 2019
China Enters Economic Chaos as Another Massive State Owned Enterprise is Defaulting !!
An important Chinese State-owned enterprise is collapsing; as are multiple Chinese banks. China’s banking sector is showing signs of strain, with more than 13% of 4,379 lenders now considered “high risk” by the central bank. Something is starting to severely crack in China's financial system. Only three days after we posted a video about the self-destructive doom loop that is lacerating China's smaller banks, where a second bank run occurred in just two weeks - an unparalleled event for a country where up toearlier this year not a single bank was allowed to fail publicly and has so far this year no less than five banks high profile nationalizations/bailouts/runs . China is facing the biggest state-firm offshore debt failure in 20 years.China Braces For December D-Day: The unparalleled and Unprecedented Default Of A Massive State-Owned Enterprise. Tewoo , a major Chinese commodity trader, looks poised to become the most high-profile state-owned enterprise (SOE) to default in the US dollar bond market in over two decades. In a fresh sign that Beijing is more willing to allow failures in the politically sensitive SOE sector, Tewoo Group has offered an unparalleled debt restructuring plan that implies deep losses for investors or a trade for new bonds with considerably lower returns. Commodity giant Tewoo Group reportedly could become one of China's all-time high profiled state-owned enterprises to default on a U.S. dollar bond. «Tewoo Group is very likely to default on its 300 million US dollar bond due December 16 » Bloomberg said in a report citing unnamed buy-side sources linked to the firm’s offshore debt manager. Tianjin-based Tewoo has businesses in infrastructure, logistics, mining, autos, and ports, its website said, with presence in the U.S., Germany, Japan, and Singapore. In 2017, the unlisted firm reportedly generated an annual revenue of $66.6 billion and housed more than 17,000 employees. Dollar bonds? It’s the FEDs problem then. This is HUGE! Welcome to Atlantis Report. Tianjin-based Tewoo Group Co is owned by the local government and operates in a number of industries, particularly as regards of infrastructure, logistics, mining, autos, and ports, as reported by its website. It also has footprints in countries, including the US, Germany, Japan, and Singapore. The trader ranked 132 in 2018's Fortune Global 500 list, higher than many other conglomerates, including service carrier China Telecommunications Corp and financial titan Citic Group Corp. It had an annual revenue of US$66.6 billion, profits of about US$122 million, assets worth US$38.3 billion, and more than 17,000 employees as of 2017, according to Fortune's website. Sixty-six billion in revenue but only 122 million in profits ; something is wrong. The loans are all US dollar loans, so it's America's problem. All companies in China are state owned. They get a 51% stake in everything. People are better off not working for the state and just growing their own food, and staying at home, let the government starve. Make them come and take 51% of your rice. The firm is neither listed on any stock exchange nor rated by the top three international rating companies. Tewoo Group's financial difficulties came to the fore in April when it sought debt extension from its lenders and sold copper below market rates amid a cash crunch. That month, Fitch Ratings slashed the company's credit score by six notches in one go to B- to reflect its weak liquidity and higher-than-expected leverage. Tewoo's likely default suggests that Beijing is finding it increasingly hard to bail out troubled SOEs, let alone private firms, after the worst economic slowdown in three decades. It also heightens issues over Tianjin, where it's based, following a series of rating downgrades and financing difficulties endured by some of the city's state-run firms. The metropolis near Beijing also has the topmost ratio of local government financing vehicle bonds to GDP in China. Investors anticipate high debt levels to limit the Tianjin authorities' capacity to lend support to the city's distressed firms, inducing them to reject the latter's debt. Tianjin Binhai New Area Construction & Investment Group Co postponed plans to sell a three-year dollar bond offering in July amid such concern. While bond defaults in China's local market are approaching the record level high last year, there have been relatively fewer missed payments offshore. Fitch withdrew its rating on Tewoo Group in July due to insufficient information to maintain the ratings. It last rated the issuer at B-. Neither S&P Global Ratings nor Moody's Investors Service rates the firm. Bondholders must decide whether to accept the exchange/tender proposal by Dec 9 and 10, respectively, with the settlement date owed on or around Dec 17. Investors are also watching closely to see if Tewoo Group's troubles could cascade to other Tianjin companies. As well as raising concerns over the level of support state firms can expect to receive from Beijing. The Chinese bond market is invigorating itself for an unparalleled shock: a major, Fortune 500 Chinese commodity trader is assured to become the most conspicuous and highest-profile state-owned enterprise to default in the dollar bond market in over two decades. In what Bloomberg labeled the latest sign that Beijing is more prepared to allow failures in the politically delicate State Owned Enterprises sector . Moreover that, or China is just no longer able to monitor the side-effects from its cracking $40 trillion financial system . Commodity trader Tewoo Group ; the largest state-owned enterprise in China's Tianjin province - has offered a record breaking debt restructuring plan that involves deep losses for investors or a trade for new bonds with considerably lower returns. Being state-owned in China no more means being endorsed by the state if the case of a troubled commodities trader is anything to go by. Tewoo Group Corp suggested Friday that investors either endure losses as much as 64% or accept overdue repayment with dramatically reduced coupons on $1.25 billion of dollar bonds. as well as another $1.6 billion worth of bonds lacking such protection, Tewoo subsidiaries have also struggled to make local debt payments, including a missed coupon for a 1.2 billion yuan note in July and another note in June. China is undergoing the worst economic slowdown in three decades, and such events signal a greater willingness by top authorities to allow state-owned enterprises to default – a stark contrast to past assumptions of implicit guarantees. The government is already undergoing additional measures that could ease market stress, including a planned $6 billion U.S. dollar fundraising and multiple cuts to key interest rates. I bet it feels like your walking through a fireworks factory smoking a cigarette in many places in China right now. Trust is the most basic form of money. It is also quickly becoming very rare and difficult to find. It does not matter how secure someone thinks their virtual, fiat, or physical assets are without a great deal of trust in people. Everything shuts down. Another reason that the world economy is facing headwinds from all directions. The complete reorganization of the European car industry, particularly Germany, will have consequences with less employment. Along with BREXIT kiss of death as Britain holding tons of debt paid for by Gulf States (QATAR) under pressure from Iran and Iraq in chaos. All these factors will impact the US economy; a stronger US dollar points to zero US interest rates. This is why China is pushing for the de-dollaring of the world. They want to print their own debt and dump it on the earth like they do with their cheap trinkets. The biggest problem for Red China is the Chinese Communist Party. They have absolutely no clue when it comes to economic issues. They built this monstrosity on debt, and now that banks and businesses are failing, they are like deer in the headlights. Sure, they can bail some out, but what about the debts that reach in all directions. Will other businesses get paid on time by the one that's about to go under. Total China printed local currency equals $37 trillion. Total US currency circulation equals $1.5 trillion. Total Global gold valued equals $7 trillion. China subsidizes everything except real property. The Chinese have painted themselves in a corner. They’ll collapse faster than a happy ending at a Chinese massage parlor. But wait!!! Buy more cheap Chinese crap today with Black Friday's sale prices and help save The Chinese from total despair. The way that China prints are dependent on net exports. Every unit of foreign currency that comes into China is seized by the government, and a proportional amount of Yuan is printed and distributed to the rightful recipient of that foreign currency. If their exports dry up, they can't print anymore. Without those foreign currency reserves, they don't have any cash to shore up their banking system nor to support their corrupt system. This whole thing is about to explode. And this is mere smoke from the fissure. What you will not see until later is how immediate the impact on 1000's of municipalities across China that will no longer get handouts or loans from the CCP. Already an untold number of build-out projects have been halted and left to ruin. A small bank in Austria collapsed in 1929 and led to the Wall Street crash in about two and a half months. In today's fast action systems, the crash from China will take six working days. The Chinese real estate market (bubble) is immense. Prices of investment flats in "empty cities" are dropping like a rock. If that bubble popping triggers a banking collapse by people walking on their second investment home mortgage, it will tube a bunch of "social scores." And, it may trigger the worldwide market and currency reset. If China collapses, how exactly do you think that will play out. The world will probably enter into a new dark age. The global economy would almost certainly collapse without Chinese production and consumption. You would have 1 Billion+ people in chaos. There would be hundreds of millions of people moving around on a continent that already has another billion+ people on it. There would be refugees of all kinds, and the levels of stress on surrounding countries in all ways would lead to a cascading effect of problems and almost certainly regional wars. There would be starvation on a monumental scale that would make Africa look like party planning gone wrong. The consequences would be horrific and far reaching, and if you don't think It would cast America into chaos as well, then you're just not thinking it through. This is HUGE! This was The Atlantis Report. Please Like. Share. And Subscribe. Thank You.
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Norway - Is It The Perfect Combination of a Socialist & Free Market Economy ? -- The Nordic Model
The so-called Nordic countries: Sweden, Norway, Finland, and Denmark have a combination of high living standards and low-income inequality that has caught the world’s attention. At a time when the rising gap between the rich and poor has become a political hot button in developed nations, the region known as Scandinavia has been mentioned by many scholars as a role model for economic opportunity and equality. The Nordic model is a designation coined to capture the unique combination of free-market capitalism and social benefits that have brought forth a society that benefits from plenty of top-quality services, including free education and free healthcare, along with liberal, guaranteed pension payments for retirees. These benefits are paid for by taxpayers and administered by the government in the public interest of all citizens. The citizens have a high degree of confidence in their government and a history of working together to arrive at a compromise and tackle societal challenges through democratic approaches. Their policymakers have chosen a mixed economic system that decreases the gap between the rich and the poor through redistributive taxation and a powerful public sector while preserving the benefits of capitalism. Welcome to Atlantis Report. Norway is a remarkable country that has been time and time again being used as the poster child for a socialist, capitalist mixed economy done right. The country prides itself on one of the highest GDPs per capita in the world. Lagging only behind Switzerland and a select group of micro Nations. The country has a persistent trade surplus, one of the highest national life expectancies, an extremely skilled workforce with one of the highest proportion of university graduates of any country in the world. A very very low unemployment rate; and international recognition as a place that is very easy to do business. What is more remarkable is that Norway has achieved this while also being one of the most economically equal countries in the world. After taxes, a single individual from the bottom 20 percent of income earners in Norway still earns, on average, a quarter of what their top 20 percent income earner would. Now, this still sounds pretty unfair but compared to the OECD average, which has top fifth earners making an income ten times that of their bottom fifth counterparts. I think more typical labeling would be to say Norway is a mixed economy or a social democracy. My impression is that "socialist" is really just a rhetorical device used in the US to discredit Nordic style economies. "Socialist" isn't terminology used very frequently in Nordic countries to describe their economic system. I also think that would be misrepresenting the economic system. The thing that American's often label as being socialist is the fact that Nordic countries are high tax with extensive welfare benefits in the form of free (or heavily subsidized) education, health care, etc. But I think more proper use of the socialist market economy would be something like China. In China, a big part of the economy is state-run companies. That typically isn't the case in Nordic countries. China, on the other hand, doesn't have the extensive welfare programs found in Nordic countries. So the common American habit of putting countries like Sweden and China in the same category for economic systems really doesn't make much sense in practice. Norway is a mixed capitalist economy. It is quite easy to understand how are the economies measured. 1) By governmental involvement: Market - Mixed - Planned economy That's a specter, which includes many many varieties. 2) By socio-economic theories Capitalism or Socialism or Feudalism or Tribalism, which is either one or the other. All of those are diametrically opposed to each other. Norway is not really Socialist. Though it progressed towards a classless society, it's not Socialist in anything other than the name of one of its bigger political parties. Socialism means collective ownership of the means of production. Imagine a factory owned by all those who work there. Therefore neither wages would exist in a Socialist society. Norway isn't that. As long as you can be an employer or an employee in Norway, it's Capitalist. Norway is trying to be a free market economy the same as other modern economies. Important to say that Scandinavian countries have a lower degree of economic freedom due to high taxes (state redistribution of wealth). There is no such thing as a socialist market economy. That would be a paradox, and paradoxes don't exist. There is no market economy in a socialist country. That is a big part of the fundament for socialism if there is a market economy, no socialism. If there is socialism, no market economy , other than black markets, of course. 160 Norwegian Kroner per hour worth approximately 20 US dollars per hour. That’s your ‘minimum wage’ in Norway. Norway’s system does not require massively higher taxes and keep in mind how much higher wages are here. A little bit of extra sales tax is easily affordable, for obvious reasons. Twenty-one dollars an hour gives you a lot to play with. Obviously, Norway’s wage and tax structure is just better. The economic numbers show it. And their economy has fewer spikes in unemployment, no major spikes like the US has, and they have consistently outperformed the USA in terms of steady growth and not having recessions at all. Wages and jobs numbers outperform the USA, and the government doesn’t have budget issues, on the contrary, they have a lot of money saved up per person. The Norwegians are the oil sheiks of the north, with one of the world’s highest GDP per capita. It is expensive for similar reasons as Switzerland and Singapore, but also as the Gulf States and even Angola. #1. PROTECTIONISM: Opting to stay outside the EU primarily to protect domestic agriculture and food production, Norwegians pay 80–90% more for their food than, for instance, Germans and Dutch. Prices would have leveled out if Norway were to join the EU, but the expensive and inefficient “arctic farming” would have disappeared in the process. It simply would not be able to compete with the warmer climates and lower salaries of the EU member states. You see the same effects in Switzerland. #2. SOCIALIST TAX REGIME: The VAT is 25%, and anything that is bad for your health or the environment is taxed additionally. Cigarettes, alcohol, cars, and petrol are taxed a lot more than anywhere else. Additionally, free education through university, free and universal health care, social security, and some of the world’s most generous pension schemes are funded by really high-income taxes and company taxes. As a result, you need to make more gross to pay these taxes, and companies must recoup the additional taxes and salary costs in their prices. #3. OIL & GAS: At approximatly 20-25% of the GDP (depending on the oil price), this sector creates tremendous demand pressures, driving up salaries and prices. The oil companies are heavily taxed, which means our government adds to the demand side in the economy by spending this “free money” at levels not seen in other countries. You see similar effects in other small economies heavily reliant on the oil and gas industry, such as Saudi Arabia. #4. CLEVER COMPANIES . Many international (and Norwegian) companies take advantage of the fact that Norwegians have more disposable income than others. It is common that international businesses have separate price-lists for the Norwegian market. They can simply get away with charging extra when selling their goods in Norway. Why should the $99 Weber Original 22″ BBQ Kettle cost twice in Norway? It would set you back around $190. You can find many other examples. All this said some things are priced competitively in Norway. Fish and seafood are on the cheap, and some expertly skilled labor is cheaper in Norway, especially relative to the US. Electricity is the half price as compared to continental Europe, as they have cheap and abundant hydropower. Some of the world’s most beautiful nature is essentially for free, and you can put up your tent anywhere in nature for free. You can even catch your own fish for free (in the fjords), but expect to pay a small fee to fish trout in lakes and rivers. In Conclusion . Norway’s economy is relatively powerful, but you have to keep in mind that it’s a country with a population of only 5 million. That’s less than the average of the 50 United States. The Norwegian economy is the 30th largest in the world. It’s about as large as the economies of Egypt and Iran, countries with populations of 80–90 million and average incomes on the medium-to-low end of the scale. The Norwegian Government Pension Fund has a total value of about 900 billion USD. It owns about 0.8% of global equity markets and 2.3% of the European market, making it the largest stockholder in Europe. Norway has high taxes and a greater degree of government control than most other Western countries. Combined with the huge pension fund, that means Norway does have some financial muscle despite its small population. Yes , Norway is very rich, but it does not show the way it does in say rich gulf states. There are several reasons for this: Norwegian culture frowns upon flaunting wealth. Thus rich people avoid driving Bentleys and Rolls Royce like in Gulf states. The government is also not concerned with building large prestigious buildings. Thus there is no obvious sign of opulence in the center of Norwegian cities. Norwegian politicians are not racing to build the tallest high rise with gold plated ornamentations. A lot of Norwegian wealth is simply saved. E.g., Norway has a higher GDP per capita than the US, but Norway is saving a large chunk of generated wealth each year. The US, in contrast, borrows heavily. When you save rather than spend, it doesn’t leave a visible trace in the forms of grand buildings, fancy cars, and clothes. The rich simply are not as rich in Norway as in other comparably rich countries because the wealth is more evenly distributed. Norway spends a lot more money on people at the bottom of society. A tourist to Norway is not going to notice that Norwegian prisons are of a very high standard and offer a lot of education and activities to inmates. Norway spends a lot of money on maintaining a spread population and maintaining its own agriculture. This is costly but also means, e.g., that food is very safe in Norway. Animals are kept in small units that reduce disease and the need for antibiotics. Again self-sustainability in food and safe food is not something you can see. And it doesn’t really make the food taste any better either. Probably the opposite. So, in short, yes, Norway is very rich, but it does not necessarily LOOK richer to a visitor than most other European countries, Australia, Canada, or the US. Also, remember wealth is also tied to accumulated wealth. Many European countries such as Britain, France, and the Netherlands have a long history of being rich, which has thus left lots of grand buildings and palaces. Norway has none of that because Norwegian affluence is more recent. Norway is a pretty rich country. Their economy has largely relied on oil since they found oil in the North Sea in the 1960s - making them a pretty rich country. They also never joined the EU, so they could protect that industry. They also make a lot of money on fishing, salmon mostly. Norway is pretty rich, because it still has a lot of valuable oil and gas, and not many people, meaning that the income is high per capita. Also, the country has been extremely wise in how the oil income was spent. They realized it would not last forever, so they chose to spend heavily on permanent infrastructures, such as road tunnels through the mountains and hydro-electric schemes. For this reason, Norway will be pretty well set, even when the oil runs out. It is perceived as much richer than Germany, Austria, Sweden, Denmark, etc. for sure. But is it really richer? Well, there is no real evidence for it. Norway cannot afford better schools, better roads, better infrastructure, anything significantly better, really. The so-called Oil fund is now completely allocated to pay for public sector retirement. It is actually called “Pension fond utland,” i.e., pension fond abroad ; roughly translated. Norway has a public sector 50% of GDP, that is a lot of retirement that will be paid out. Collectively it may seem so on paper a rich country, but because of their taxes and government, it’s very hard to become rich there. Norway is a good place for people who want an easy, middle-class life. This builds the GDP and all those collective statistics, but individually the people aren’t rich. If you want to be something better like the upper class, it’s probably one of the worst places to get rich. Choose your poison
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END TIMES SIGNS 2019 AND STRANGE EVENTS NOVEMBER 30, 2019
End Times Signs 2019 - End Times News Report - End Times 2019 Your number 1 source for end times prophecy news and latest strange events Current end times signs and latest news events from around the world
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Money, Money, Money - What is it, Who Corrupted it and How You Were Brainwashed
Money, Money, Money - What is it, Who Corrupted it and How You Were Brainwashed. Jeff Berwick walk and talk from Mexico city
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Will the Future Global Society be Cashless? -- War on Cash
Cashless payments are on the rise. They are fast, easy, and convenient. Worldwide, cashless transactions have become the norm. All over the western world, banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Sweden Is On The Verge Of Going Completely Cashless. India and China are following the trail. The Swedish central bank, predicts that cash transactions will make up less than 0.5% of the value of all payments made in the country in 2020 Now in China, in places like food courts and some McDonalds, you cannot use cash. Welcome to Atlantis Report. A Cashless society is a vision for the future. With the rapid increase in technologies ranging from debit and credit cards to technologies like Apple Pay and Samsung Pay, hard and fast cash is becoming redundant and thus a day is not far when we will do away with cash and checks. And thus this society which doesn't use cash is also termed as check-less society. Talking a bit further, the obvious advantages are:- Firstly, we would able to track our money right to the last cent, penny or paise which we find cumbersome with currency notes and coins. Finally you won't lose 25 paise buying a commodity which costs ₹ 75.75.( Americans and Europeans won't mind that much as they are still able to use their cents and pennies but still who hates convenience) Secondly, convenience. It's so liberating to not desperately counting your money in front of the shopkeeper. Safety. You don't risk losing your money and in case even if you lose your debit card or phone, no one can misuse it without your pin code or even better fingerprint(maybe even without your iris). And even better you can simply block your cards promptly and thus no one can use the cards even if they are hackers. You can obviously not block someone from using hard cash. Go green..! Not just green it would free up quite a bit of man power and natural resources which are utilized in minting money. Disadvantages- One would sorely miss the smell of freshly minted notes and the reliability and comfort hard and fast cash provides. Sure, physical cash is just a vessel of the perceived value we as a society have agreed upon. There is nothing stopping us from doing the same with bits of code stored in data centers. It might be difficult in societies like India, China, Brazil, where lots of people still only accept cash, but that will change soon enough. Mobile paying in the US is a hippie’s toy. In China, it is the main currency. So yeah, cashless is viable as long as all parties of the transaction agree to it as an excellent method of accounting for and transferring value, just be careful not to be too eager and eliminate 10% of your cash currency overnight as India did, let adoption spread naturally as it does in China . In China, there is no complete cashless status, but a cashless system is approaching. Nowadays, Chinese people are shopping, saving money, and transferring money, and all these behaviors have no cash participation. Instead, they are using Alipay and Wechat. In China, fund flows in the two digital ecosystems mentioned above that integrate social media, business, and banking, and are operated by two of the world’s most valuable companies. This contrasts with the United States, where many companies are charging fees for the payment process and handling the payment. Western bankers and credit card company executives are facing the same anxiety: Without banks and credit card companies, payment may be cheap and easy. Payment Apps such as Alipay and WeChat have rapidly become omnipresent forces in China’s consumer economy, with 520 million and 1 billion monthly active users. According to the data of payments consultancy AIT Group, the two systems jointly traded $2.9 trillion in transactions in 2016, accounting for half of all consumer products sold in China. Alipay has signed agreements with a number of payment processors in the United States. Some taxi drivers in New York are offering passengers this payment option. Alipay said its expansion aims to help Chinese tourists, but few in the payments industry believe it will stop there. In addition, Chinese consumers are saving more money on payment apps. In 2013, Alipay began to provide money market accounts. By last year, it had built the business into the world’s largest money market fund with a total value of about $243 billion. For the U.S.bankers, this is another pain point. They have always held customer savings and used the funds to make external loans to make a profit. If U.S. consumers follow Chinese people, banks will have to find other (and possibly more expensive) sources of funding. In short, even in China, money is not from Alibaba or Tencent; it must be loaded from a bank account. Although the threat is real, U.S. bankers have enough time and choice to implement it. Banks need to try to integrate their payment systems into social media platforms and e-commerce platforms instead of having technology companies do all the work and get all the rewards. We're almost already there, at least in most Western countries. Coins and notes are mostly just physical tokens that represent a virtual currency, they're no less dependent on electronic systems than a credit card, or PayPal is -- a few big electromagnetic pulses in London, New York, and half a dozen other places (well, trickier than that since the critical data's all shielded and redundant, but you get the idea) and the cash in my pocket isn't worth anything more than what's in my bank account, on my credit card, etc because it's not backed by anything. That's not really a problem, fiat currency doesn't need to be backed by anything more than the country issuing it, but it highlights that the coins and notes are unimportant -- we only keep them for convenience and familiarity. As we've seen recently in Greece (and to a lesser extent elsewhere over the last 7 years), for short term problems (a few days or weeks) it's essential to be able to have enough cash to live off if there's (for example) a run on a bank -- however the cash is only worth anything during that period because it's expected that the economy will survive that blip. I cashless society is possible but not desirable. It is a cold hard reality that the solar storm in 1859 (when there were 1.5 billion people in the world) brought down the newly created telegraph network as sparks were shooting out at operators. Such a storm would cause trillions of dollars in damage, far worse than any cyclone or hurricane. In 2012 (when there were 6.5 billion people in the world), a similar size solar storm as 1859 missed the Earth by six days. The loss of ability to conduct routine transactions even for a week in a modern urban area would make a lousy situation nearly catastrophic. There is actually a kind of competition between the USA and Euro Zone to increase the value of circulating banknotes. €380 billion: banknotes of 12 national currencies in the year 2000. $564 billion: Circulating USA banknotes in the year 2000. €681 billion: Initial Euro-zone production of banknotes. €806 billion: Circulating Euro banknotes at the end of the year 2009. $942 billion: Circulating USA banknotes at the end of the year 2009. €1,171 billion: Circulating Euro banknotes at the end of the year 2017. $1,571 billion: Circulating USA banknotes at the end of the year 2017. Although the ECB has elected not to include the €500 banknote in the new series, they have ordered more than enough €100 and €200 banknotes to replace the € 500. Many people believe governments are trying to reduce the value of circulating as it is easier to track what their citizens are doing, but in reality, only Sweden and Norway are reducing their circulating cash. so Should societies go cashless? We ordinary citizens do not make these decisions.they are made in dark smoke-filled rooms then the order is passed on to the media to make people think they asked for the action. Highly-paid spin doctors seem to have control of the thinking of the masses. If you pay attention to this thing they call trending we have millions who live by the code of monkey see monkey.It is a little late to worry about the future as you have minimal effect on your future. I am deeply suspicious of this whole notion of going entirely cashless. Think about this from another angle. What if the power grid fails? If even from a natural disaster or terrorist attack. How is a cashless society going to handle that? Think about how social media platforms have progressed. Everyone has been enthralled by this newfound power to connect to the world and share ideas and have new ways to do business. But; Have not the creators of these fantastic new tools thrown us all under the bus, so to speak, by abusing their newfound superpowers by making banks by selling our private information and data? What makes you think for one minute that a utterly cashless system is safe? And then there is AI, artificial intelligence. This technology is already progressing at an alarming rate, and we have never had the necessary conversations about the regulation of it. A cashless society will also become a society where government plays a more prominent role as tracking bribes, and illegal payments will be impossible. In a country like India, where cash is still the king, struggles to control corruption, the move to a cashless society would mean a massive changeover. In a country like Sweden, where much of life has become cashless, it becomes increasingly difficult for merchants and people still wishing to live in a cash-payment society to even receive banking services. Not surprisingly, Swedish banks are slowly turning cashless. What we are now saving and investing are now binary digits. In a world, however, where even the most secure sites, like the NSA or Yahoo, are not above being hacked, the prospect for a new and much more dangerous type of digital crime is obvious. Cashless depend on IT for handling payments. In a world without cash, everyone needs to use services provided by banks and credit/debit card companies. Thus, secret service agencies can monitor and observe all money transactions. If you go shopping, you‘ll need to use some sort of banking/cash card or a smartphone with a payment app. Obviously, IT security would become an even more critical issue. All payment service providers would probably charge their customers for each money transaction, but shops may offer to cover these costs to attract consumers. We all will be dependent on (central) banks and governments. For example, if the FED decides to introduce negative interest rates or a bank decides to charge a new fee, nobody can avoid this problem. Hence, politics needs to introduce new laws and regulations to ensure trust by all parties and protect customers. Another example might be the limits of how much money you can transmit in a payment. Since every financial transaction is based on cashless payments, it is much easier for the individual to keep an eye on all her expenses and incomes. But if your smartphone battery were empty or you forgot to take your cards with you, you‘d face a severe problem. Thus, biometrics will become an essential technology that enables a customer to use biometrics for authorization and authentication instead of digital means. Today, some small shops, single entrepreneurs, or shop owners cannot afford to provide cashless payment to their clients. It will also make their life much more complex, which is usually not an issue for big(ger) companies. The government may regulate the market to address this challenge, such as limiting fees and costs. Supermarkets or gas stations will automate their shops so that all items are electronically identified and charged. Let us pray that there is no issue with the transaction software. It might be challenging to deal with system errors. Who really wants to live in a world where Russian hackers have invaded the financial system? This was The Atlantis Report. Please Like. Share. And Subscribe. Thank You.
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Ron Paul Classic: My Battle Against the Fed
We hope you enjoy Ron Paul's speech from the 2010 Mises Institute Conference at Jekyll Island, Georgia.
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Friday, November 29, 2019
What is QE / Tapering?
To make traditional cash, you feed paper and ink into a printing press, and money comes out the other side. To make money used to buy securities for quantitative easing, you feed electrons into a computer, and suddenly the amounts in bank account balances jump up. Welcome to Atlantis Report. Quantitative easing means that the government effectively "printed money" and used it to buy back government securities - in other words repaid government debt. The bondholders that sold their securities received the money, but the US government (and therefore US taxpayers) received the benefit of QE. The danger of QE is that it fuels inflation. To everyone's surprise, this does not appear to be happening despite the Federal Reserve has created $4.5 Trillion to repay government debt. Quantitative Easing is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money. Quantitative easing occurs when a central bank purchases government securities (e.g., Treasury bonds in the U.S.) or other securities off the open market. It does this to lower interest rates and increases the money supply. It differs from simple open-market operations in its scale. An expansionary monetary policy involves the central bank buying a steady amount of government securities in order to increase bank reserves. Quantitative easing consists of purchasing a lot more for the sake of accomplishing a heftier goal: lowering interest rates and increasing the money supply. It doesn't involve printing more money. In the U.S., the Treasury prints money while the Fed (the actual central bank) performs the monetary policy described above. QE involves the creation, by a central bank, of settlement balances or reserves to purchase assets in a secondary market, typically for government treasuries. The central bank gains an asset equal to the value of the treasuries they buy, and liability of equivalent value, in the form of settlement balances. In layman’s terms, central banks create money to buy assets, with the intention of raising the price (lowering the rate of return) on that asset class. So Where did all the money created by QE eventually end up? It gets sucked back into the Federal Reserve Bank—whoosh!—and annulled. Let me explain. There are two types of money: Central Bank money (“reserves”) and money for the rest of us. Central Bank money can only be used by banks, governments, and some government-linked institutions. It is kept in accounts at the Central Bank, where it is called reserves. Money for the rest of us is private money, created by ordinary banks. Money that comes from the Central Bank, but which everyone uses, is notes and coins. The primary function of reserves is for banks to make payments to each other that reflect transactions between the rest of us. It looks as though private money moves from one account to another. But it doesn’t. The bank of person A reduces the amount in A’s account, which is really just a record of what the bank owes A. A’s bank sends an equivalent amount of reserves to the bank of person B. B’s bank now owes more money to B and increases the value of his or her deposit with private funds. Reserves enter the banking system when the government spends money: on public service wages, or say cruise missiles. Reserves from the government’s account at the Central Bank are sent to the ordinary bank used by the individual or company being paid. That bank increases the deposit in the accounts of the public servant or cruise missile supplier. The government can only get reserves back by selling a Treasury bond to investors. The bond sale is paid for (“settled”) using reserves from the banks that have the deposit accounts of those investors. Quantitative easing floods the financial system with money, making borrowing cheaper. Central Banks created trillions of dollars’ worth of reserves to buy back government bonds from investors, via the banks. This gave the banks vast amounts of reserves. So the banks gave the sellers of bonds vast amounts of new private money. That private money could be spent in the economy. When the economy recovered, the Fed stopped buying Treasury bonds. When the government-owned bonds matured, the government repaid the Fed. It handed reserves back, which the Fed destroyed. Reserves also leave the banking system when the government sells new Treasury bonds to private investors, or when it collects taxes. A tax payment involves reserves being transferred from an ordinary bank to a government account at the Central Bank. An equivalent amount of private money in the taxpayer’s bank account disappears. So, fear not, that money that was invented is regularly un-invented. It is un-invented when the Fed destroys repaid bonds, when new bonds are sold to private people, and when tax is paid. At the moment, reserves are shrinking, because quantitative easing is being reversed. This may be good or bad. We are finding out. A large portion of the new bank reserves created by QE ended up in the form of excess reserves, which are held in Federal Reserve Bank accounts to earn Interest on Excess Balances at a rate of 0.25%. The new reserves are part of the U.S. monetary base (M0 measure), as they can be lent out and create more bank reserves under Fractional-reserve banking and the money multiplier effect. This is happening as well . There are several factors behind why banks choose to park large amounts of excess reserves at the FED and not to lend them out Post-2008 bank regulations increased the cost of bank lending operations by raising capital requirement and demanded stronger compliance Some measures of credit lending standard (to individual borrowers) remain tight Economic growth is still uneven (some sectors of our economy remain weak), and loan demand has not been as strong as in previous recoveries It is "risk-free" to park money at the FED under financial repression The money found itself mainly in the accounts of the too big to fail banks. These in turn not only have used the money to invest and improve their profits (especially in the derivatives market through fractional reserve banking) but, because of the zero interest rate policy (ZIRP) have loaned the money out to corporations who themselves reinvest it to buy back their shares and stimulate the stock market artificially. Obviously, this kind of manipulation (based on Keynesian theory) also feeds the wealthy top 1% and does little to improve the general economy and middle and lower classes. It is a failed attempt by the Fed to keep the economy going. Instead of allowing the market to work things out as it should have in a reasonable way (a form of laissez-faire perhaps) it artificially (relying on academic economic theory) interfered with the economy and in fact, has made things worse. Better in 2008 to have let the big banks fail and reset the economy as painful as it might have been than to allow the economy to get even worse. Most of the banks throughout the US were in good shape and would not have suffered. Money printing never heats up the entire economy uniformly. Depending on many parameters (which are beyond the control of the Fed), it always flows to some places more than the others. By area, I do not just mean geographic location, but more importantly, I mean asset class. In fact, this mismatch of flow is one of the reasons money printing inevitably results in bubbles and then the inevitable busts prompting more money printing. As for the Federal Reserve QE since the great recession, most of it is still in the Fed itself, held in the bank balance sheets. The rest percolated to the economy via bank lending or public spending of the Federal government, boosting up asset prices. A lot of it also ended up outside the US because of the persistent trade deficit the US maintains. Again, a big part of overseas dollars got recycled to the US via the treasury bills, which is considered a safe haven. The QE money has gone to two places. Firstly it has gone into the stock and bond markets where it has very much caused inflation in stocks and bonds. Prices are much higher than they would have been without it. Secondly, it has gone into debt repayment. We hear a lot about money creation, but we rarely hear about money destruction. Nevertheless, money destruction is happening on an enormous scale at the moment because every time a bank loan is repaid, in whole or in part, the principal part of the repayment is destroyed. This is only true of bank loans, not loans between people. And it happens because of the way banks handle the loan process. Between these two, the QE money is entirely used up. This is why QE has not caused inflation. The stupendous amount of debt repayment in today's world dwarfs the merely vast QE money creation.
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A Recession is Unquestionable & A Crash Inevitable !!
Sadly, a crash is inevitable. Quarterly annualized GDP growth projected at 0.3%. Manufacturing in it's third quarter of recession. Farm debt at a record high. Farm bankruptcies up 24%. Investment down. While a staggering number of Americans live paycheck to paycheck with little savings, they also owe massive amounts of money that many will never be able to pay back. The Fed Reserve is pumping hundreds of Billions into the Repo market. Quarterly annualized GDP growth projected at 0.3% for Q4. Oh, yeah, things are doing great. The industry is bloated with debt. Debt destroys them every time because as the debt monster grows, it incentivizes them to sell more. Then they have to induce sales by more stupid crap that people want, but don't need. Prices go up and up. Executives get paid more and more. The market becomes flooded, people get tapped out, and the industry goes bust. We live in debt based system. A debt system where the debt must ever expand. And since the entire industry is built on that debt system, it must ever expand. Any contractions will severely damage the global debt system. Downturns lead to layoffs. Layoffs lead to bankruptcy. Bankruptcy leads to less sales, and less sales lead to layoffs. They will have to figure out how to hand out money to keep the Ponzi going. But then, what's the point if you are just paying yourself to keep a ponzi going. Wasn't the trump tax cut supposed to result in corporate investment, rising wages, and new jobs. Too bad the stock buybacks and artificial growth of the stock market were more important to his corporate overlords. There may be jobs, but real wages have stagnated under Trump. And it’s a fact that the manufacturing sector is in recession and business investment is at a seven-year low. People may be spending for Christmas, but what happens in January will be more predictive. And hey, if we aren't heading for recession, let's raise those interest rates to keep up with inflation and offload some of that balance sheet. So buckle up and hold on tight, because it certainly looks like we are in for a very bumpy ride in the months ahead. Welcome to Atlantis Report. If the FED already did 2 "insurance cuts" and plans to do more, that pretty much means we are already in recession. You can't have it both ways. A distinct feature of this bubble is that corporations have taken on unsustainable levels of debt. When that blows up, household names will be waving bye-bye along with jobs and capital. Creative Destruction! Corporations do not create jobs. Corporations destroy jobs. Get the government entirely off of small business, and jobs will be created. Just get the government off of small businesses' backs and no more free dollars. Small businesses will figure out the rest. Get rid of 99% of the government, and we will be just fine. What we have today is fascism. Will take a war or a comet to do that, but there's hope. In 2001, countless tech companies had rounds of layoffs in the tens of thousands at a time (Nortel, Cisco, Ericsson, Broadcom etc. We're not there yet, but signs are pointing down for sure. The first rounds are starting from what I see, so we might start seeing the more significant layoffs beginning in 6 months more or less. 50 CEOs told Gary Cohn to his face they had NO intention of giving raises or doing any hiring just because the government wanted ta provide them with a tax gift. And by the GOP's very own admissions in December 2017, their tax "reform" was first and foremost, PAYBACK to their campaign investors. Thanks, Citizens United! A bill that was the epitome of the DC swamp. Most of the people who lost their jobs in 2009 didn't get another one. Retired people who weren't working in 2009 were forced to get jobs since NewYork decided we needed lower interest rates, and savings accounts went to paying 18% on deposits. When you look at the numbers of actual employed private-sector workers, you find a number virtually unchanged since 2008, despite ten years of supposed job gains. Wages do not increase at the same rate as the funny money supply. The houses are not worth more than they were, neither are the cars. The money is worth less and you are getting paid less relatively. It's just bigger numbers so you feel better about it. What you're hearing and what you're seeing is not what's happening. That is basically what the government does, to convince you that everything is peachy-king in the U.S. economy, like the unemployment figures were only 3.5% when you have more than 95.5 million are out of work, (which is almost 39% of the entire working-age population), or that the GDP growth is 2%, when they forget to mention it is in negative territory and needs to be multiplied by 10., or the CPI being at 0.2% when cost of living and inflation is a geometric weighing is a mathematical adjustment, not a model of consumer behavior, or actual expenses. The government is trying desperately to hide the fact we are indeed in a recession. The workers that are the most vociferous about what's needed to turn the company around and/or improve shareholder value are usually the first to be caught up in "the layoffs." Management is self-preserving first and foremost. If they're the ones that lasted long enough to be the last one out the door, they've won the game. The guy that's charged with selling off capital equipment and office furniture is the champion. Zero is not the bottom. There is no bottom. The Central Banks will all just go Negative Interest rates. It's the next "logical" step for them- and they'll get away with it too. Never before has the world gone into recession with interest rates so low They could go with inflation or negative rates or helicopter money. Or some other tactic that we have yet to consider. Who saw TARP or QE or mark to market coming? Anything that preserves the status quo and costs the elite nothing is fair game. Just give the elite a heads up, and they'll work the rest out. The Power That Be will do anything to bring about their evil one world order, NWO, the beast system of government, and eventually religion as well, under a digital banking and exchange system. If they come into agreement, then they will probably crash the stock market and collapse the banking system next Fall, or at least try their best to do so, in order to cause people to NOT vote their conscience, but vote their pocketbooks based on the lies and propaganda of the left. The problem for them is doing a "controlled" collapse, as if it gets out of hand, and there are riots around the nation, along with a revolution and killings associated; then look out because D Trump can declare martial law, and remain in power for an unlimited amount of time, and it could very well be that that is what God will ordain to happen. We just do not know. We can only speculate that things will get very rocky and that there will be mass shaking for America, as in the figurative spiritual kind, and as in the literal physical kind as well. Twenty is going to be pivotal, to say the least. The end game is pretty straight forward. And it's pretty much GOING to happen one way or another — no need for useless blather. "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. This is nothing yet! Two of them (airliners) went bankrupt in the EU last two weeks (Adria and Thomas Cook), more expected by the end of 2019, and some at the beginning of 2020. If tourism and airliners are to be considered the tip of the iceberg, then it began melting recently. EU started to feel the beginning. Now we are waiting to see something real as 2008 -2012; it was nothing. For crying out loud, EVERYTHING since 2008- 2009 has been predicated on CENTRAL BANKS having monkeys pressing the zero key on keyboards to FLOOD the system with fiat currency.I won't even call it money because it's NOT. This time is different. This time we will end up with tens of millions of people living under bridges and starving to death. Going forward, there will only be two classes of people - the haves and the have not's. It is really that simple. It won't be that difficult to be a have as all you'll need are some assets - stocks, bonds, Precious Metals, and especially tools. If you have some of that, then you'll be fine. If you are currently in debt and do not have assets;then you and your family going forward will be living in abject poverty. Get used to it. when you have complete totalitarianism, anything can be commanded to be done - until the plebes' revolt - and we are a long way from that - the stupid people are still fat dumb and happy. Every recession is the same. People lose income. Oil companies make a bundle, and Banks rake in record profits. Banks get money from the FED for almost no interest, yet charge consumers through the nose and pay precious little interest. Ask JP Morgan, which made a bundle recently. Same as it ever was. The FED wants to control each and every dollar, who gets it, where it goes, how much of it is paid in taxes, how many times it's taxed, and, more importantly, what it is worth in terms of buying power. The exact same thing the masters of the universe do with data. All data must flow through them for final dispensing to its correct political agenda. Ultimately their agenda and the FED's are the same. We have to go to hard money. We need tax incentives NOT to have children; population decrement policy. We should focus on looking after the frail and elderly. All roads lead back to the fiat money system: Broken countries. Broken trade. Broken bond markets. Broken manufacturing. Broken businesses. Broken housing markets. Broken Labour markets. Broken people. Mal-investments. Wealth inequality. Big Government. Mass immigration. Wars. Even climate change. End the FED. End the ECB. End the BOJ. End the PBOC. End the BOE. End the SNB. End the RBA. Bring back The Classical Gold Standard. Rich people can't withdraw money from hedge funds — end of the story. The bail-ins have begun.
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Peter Schiff : House of cards will tumble down on consumers
Peter Schiff on RT Boom Bust 11/27/2019
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WORLD EXCLUSIVE: Chinese spy spills secrets to expose Communist espionage
A Chinese spy defects to Australia. His shocking revelations are guaranteed to infuriate Beijing. How China conducts questionable activities around the world, including its attempts to infiltrate the Australian government.
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Former CIA Spy Reveals Top 25 MUST READ Books To Open Your Mind | Robert David Steele
I, Robert David Steele, am a former CIA spy and I reveal my top 25 must read books to open your mind in part 2 of 3 of this lecture series.
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Fed is in a 'lose, lose, lose situation,' says Mohamed A. El-Erian
Chief Economic Adviser to Allianz, Mohamed A. El-Erian discusses Fed Chair Jerome Powell's latest comments and the Fed's position on interest rates.
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Gerald Celente : Wall Street is not Main Street -- America is Going Down Hard
The Great financial Ponzi scheme, AKA, the Stock Market, is a huge bubble that is going to burst soon! Deutschbank in Germany in the toilet ; and our Fed is pumping over a Billion a day into the banks here. As many foreign banks and our banks are buying gold by the tons. Car lots are full of cars they can't sell. The malls and strip malls are filled with empty storefronts. And most of America is too busy watching the Impeachment/Coup hearings, drinking beer, and watching TV ; to know what is happening around them. Gee, what could go wrong! Welcome to Atlantis Report. Stocks will close all time highs years end. It has been decided by the central planners. These aren't markets, they are arrangements managed by central bankers. This endless pumping and jawboning of the markets has set them up to crash in spectacular fashion! But what else would you expect out of Central Planning done by the FED . The monetary supply more than doubled over the past 10 years. The DOW was at 14 000 before the crash of 2008. Double that is 28 000. After all where do you think Fed's money is going . There is a slow grind to reduce our standard of living way down. Do it slowly no one really notices, because of all the bread and circuses and propaganda. Anyone speaking out about any of this will get silenced, like in Red China. Control is everything. It's happening right now, albeit in agonizingly slow motion as store after store shutters, more layoffs, jobs with little pay and no benefits. That QE or whatever is just a patch to keep the ship afloat. They probably fudge the numbers, and GDP is perhaps in the negative territory. How could it be otherwise? Trends forecaster Gerald Celente on his appearance on Alex Jones Infowars Yesterday warned: This is a bit what's going on . in terms of where is the economy going and what's going on geopolitically. I've been at this almost 40 years, and never have I seen a wild trip that's happening right in front of our eyes, but you're not gonna see it on the mainstream media. Bolivia, Colombia, Chile, Ecuador, Sudan, Algeria, Iraq, Lebanon, Hong Kong, Spain, France. Across the globe, civil unrest . People rising up against their dictators . The political freaks running and ruining every country. It is Da elite who got all the dough. Hey, that's according to the Oxfam report : 26 people have more money and half the world's population combined. This is serious and is a crucial element of this. The people are uprising no leader is leading them .but not in the US you stay in that bullying zone, and nobody will bother you don't learn how to fight just take orders to do what you're told. This is big what's going on. It's basically the same people are rising up against poverty; violence; corruption; income inequality only getting worse. Another essential element of all these uprisings going on is your independence. The people are fighting with their hearts and their souls and their bodies and their brains against the injustice that is being thrown upon them. One of my sayings is; I wasn't put on this earth to take orders. I don't give them I don't take them. You do what you want to do as long as it doesn't hurt anybody . I'll do what I want to do as long as it doesn't hurt anybody. Don't cross the line. You stay there. I'll stay here. This is America, and they're taking that away from us. One of our top trends for 2019 was censorship 2019 . It's only getting much worse. One after another, they are robbing us not only of our freedom of speech but freedom of being. Meanwhile, the FED is juicing the markets in the repo markets. This past Tuesday alone, the New York Federal Reserve dumped in; are you ready; 92.7 billion dollars. To give the money junkies the fix to keep this thing going. And that's what's pumping it up, and it's being pumped up around the world. In India, the markets hit a new high, as the economy's keep going lower. This is to say that there is no connection at all to reality. Wall Street is a different Street than Main Street. Gerald Celente is again spot on. This has been the farce of our stock markets for ten years. Things are so horrible that stocks should go up because we will cheat and make it better. Not one Fed official could explain what the long term plan is if this is all we do. We're just going to keep adding on more and more, and the market is supposed to keep rising? We KNOW it's not creating a substantial fundamental effect, so we aren't growing into the valuations. Why doesn't everyone just buy stocks, and no one will have to work? The capitalist is now no different than the communist; they both believe in eating without working. Just think about it folks .The Fed and friends have inflated this market since May 6, 2009, with little or no noticeable currency devaluation, as compared to other currencies. Stuff just changed. Now, there's no telling how high this market will go. This is going to be the most hated rally ever seen. Because, not only are they inflating asset prices with residual QEs and debt money expansion - now they're just doing in-your-face, go-duck-yourself, dollar buying-power destruction and insulting the intelligence of both the U.S. middle-class (or, what's left of it) and the entire world. This is all caused by wealth inequality, which is caused by policy choices that benefit the rich, to the detriment of everyone and everything else. I thought the Trump Trillion-Dollar Tax Cut was supposed to make the economy boom. But I guess all this proves that the downward momentum of the economy is so relentless that major and drastic moves do little to stem its slide. US citizen avarice for material goods and immersion in being "entertained" by all the "feel good" perks are all too much for the economy to overcome. There does seem to be a lot of air in this economy. I sometimes wonder what keeps it going. The Politicians in Congress give business anything it wants, and get a kickback in return. They've sold out the middle class to make themselves rich, and you working people can go pound sand, because they know you'll vote for them again, all they have to do is say "abortion" or "immigrants," and you'll forget all about your job getting sent to Mexico. " What is coming is going to make 2008 look like a Sunday picnic, and our society is entirely and absolutely unprepared for what is on the point of happening. " The old saying is more accurate today than ever before. "You can't fix stupid"! There is plenty of stupid to go around. It begins with our leaders, which is a paradoxical word for stupid people that cannot "lead," but instead do a better job of "taking." 99% of our elected officials and probably at least half of the people they have employed are just as stupid as they are. Being a leader has many elements that cannot be found in our nation's top leaders today. When you look at how many stupid people Trump has had to remove from their positions, and how many more deserve to be removed, then you start getting a picture of what kind of mess we are in. They, democrats and republicans , are all in bed together for one purpose, and that purpose is to take. Take all they can get while they can get it and mostly for themselves. We see the current crop of democrats running for POTUS, and we see the largest group of takers, which try to act as though they are also givers, and want voters to believe their lie, which is that they will "take" from the rich, and "give" to the poor, AND make America more secure and financially sound again. It is all hogwash in their smoke and mirrors con game. The worst part is that there are over half of the voters buying into it because of help from the mainstream media. Another old saying comes to mind when I see what is happening to America, and it is that "Sheet always flows downhill." Yes, it is true, as the sheet at the top of the political spectrum, flows downwards. And now, non-politicians have been indoctrinated with "stupid," for the past three generations of people, until you have a near majority buying into this impeachment sham. No wonder there are large numbers that follow the new socialists in our government. This rapidly declining economic climate is why the dumbest president ever is seeking NEGATIVE interest rates from the FED. Reducing the FED rate is the only thing we have left in the arsenal to fight a recession, and he wants to use it now. Although, he loudly proclaims the economy is flourishing. There was a time when the GDP going below 3% was a recession, and doing so for two quarters in a row a depression. This is the problem with government numbers. Like the IPCC, the reports start out with a target outcome, and those responsible have to rework the equations to meet the target. Shadowstats has been saying that the actual unemployment is above 20% if one uses the same criteria as the last time such a number was reported publicly. Meantime big food giants don’t really care about your health or the health of your children. If you look at all the packaged foods out there such as easy dinners, frozen goods, energy bars, energy drinks, and anything packaged—you will see names you can’t spell, pronounce or find in a dictionary. They feed your chemicals. Today, seven out of 10 Americans suffer 30 to 50 pounds overweight bodies and half of those folks register grossly obese bodies. Ten year old children walkabout with 50 year old pot bellies. Childhood diabetes and high blood pressure skyrocket from poor eating habits created by their parents. Because of such weight problems, heart disease kills millions of men and women. Diabetes rages across the country, killing millions over the years. Cancer rains down death like Hurricane Katrina. I see hard times ahead. Pensions health care, insurance, and employment will crash as defaults roll outward across the world. If it comes down to minting trillion-dollar coins every 5 seconds, they will do it. Nothing will stop them from devaluing the currency. To maintain power. Your home, your job, your money will all be gone, and you will starve. Or freeze. I sense a deep economic downturn in the super near future. I don't know for sure exactly when it will strike, but I know for a fact that it will occur. You can't escape financial reality forever, and the Fed isn't going to get away with their reckless, irresponsible moves. when you see the warning lights flashing the sell signal, so does most everyone else. We know what happens when everyone heads towards the exit in a panic at the same time. Only those near the exit get out, the rest burn up. He who panics first, panics best. Brace For Impact! The U.S. Economy Is Going Down, And It Is Going Down Hard
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Gerald Celente - Competition Dead, Trade Down, Riots Up
Gerald Celente - Competition Dead, Trade Down, Riots Up
“Why of course the people don't want war. Why should some poor slob on a farm want to risk his life in a war when the best he can get out of it is to come back to his farm in one piece? Naturally the common people don't want war: neither in Russia, nor in England, nor for that matter in Germany. That is understood. But after all it is the leaders of a country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or fascist dictatorship, or a parliament or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peace makers for lack of patriotism and exposing the country to danger. It works the same in any country.” ― Hermann Goering at Nuremberg trials
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Thursday, November 28, 2019
Bank Runs in America -- The Bank is The Thief in the Night you Need to worry About the Most
According to Bloomberg; Global banks are unintentionally stocking up on risky corporate loans as a result of investors beginning to cut risk in the credit markets. Barkleys and Deutsche Bank are sophisticated bankers, but last to see investors preparing for the 2019 recession, and smart money leaving markets. - Billions are small when considering $70 Trillion in negative yield bonds that project weakness to every nation - Bankers like politicians are too involved with many forms of Nepotism to see the forest! I can’t remember ever having repos and zero percent interest rates simultaneously. How can we have a lack of liquidity; when at the same time money is being borrowed at such a low rate? What it tells me is, money is going out faster than it’s going in, and without the repos, they would default on their payments, creating a seizure. You want a timeline? How about when the repos end! I frankly don’t see a way out of this without some type of default or bail-in. Quantitative easing is no longer working, and the banks can’t borrow any more money. At a certain point, there will be a big bank failure or multiple failures, which will involve at least some form of a bail-in and presumably some type of bailout, although they may call it something else. When and which bank or banks; is yet to be determined. The repos are the last line of defense; Period. War is peace. Slavery is freedom. Ignorance is strength. Debt is wealth. Welcome to Atlantis Report. Debt ruins everything. It caused the 100 Years War and the War of the Roses way back when. Underwater with debt means WAR. Actual history widescreens this quite elegantly. Most currencies in the world are based solely on debt. It all has to be borrowed into existence. It is the most insane proposition the world has ever known, and its proponents are the epitome of evil. The US total DEBT is north of $206 Trillion. So much debt, so little gold. Bankers only have one real product, and that’s debt. They have fake money created in a computer backed by nothing, and in the event, they go under the taxpayer will bail them out anyways. There really is no skin in the game for bankers. No real risk that is. The quicker they saturate the market with their debt products, the sooner their business model comes apart at the seams. As soon as you hand over your money, it's NO longer yours. The Bank is the Goalkeeper for that Money, and the Bank decides if they want to grant you access to it, The majority of the time they will, but they can deny you access to your own money. You have to prove the money is yours, but the Bank doesn't have to prove anything. You'd actually be better off, keeping your money in a shoebox under the bed. With bank charges and fees and the measly pittance, they give you in Interest, your losing money (stealing), one penny at a time. Banks like higher interest rates where they can make more profit. Interest rates have to keep falling so economies can take more of their debt products. The unsustainable debt-fueled growth model of neoliberalism. Banks are granted the exorbitant privilege of loaning you currency based only upon your promise to repay the debt, and then charge you interest on your commitment to repay the debt. It is insanity and usury, but it is the way the western world works. The only and one single thing I like about Sharia law is that no one is legally allowed to charge interest on IOU loans. But the people will lose real assets to the bankers. This is what the plan is. Give loans to people who have no financial discipline. Seller will take the money and go away, the borrower will not be able to maintain loan payments, and the bank will take the property cents on the dollar and this property will end up into the assets of some big fat banker's. Deposits are nothing but liabilities on a bankrupt balance sheet that can be defaulted on via bankruptcy. Until then, enjoy inflation eating it alive. you own nothing. you rent everything including the air you breathe from your masters in the form of income tax. You can withdraw your entire account in cash. But not before requesting days in advance, filling out FINCEN forms, Patriot Act forms, and sitting for an interview with a branch manager. Then, maybe they'll let you have your cash. The real Shit Hits The Fan problem is that banks will leak your money back to you while it declines in value and while the bank gets increasingly insolvent. Deposit insurance, like FDIC, won't do much good in that scenario. Ultimately getting your money back is not nearly as important as getting it back now, while it still has value. With checking accounts paying, at most, a 1/4% interest, safekeeping is the only argument that can be made to keep money in banks. It's now apparent that the bank itself will eventually become much more of a risk than holding cash. The bank itself is the thief in the night you need to worry about the most. Better read those fine-print inserts or PDF's going forward. Just in case they can take your (future) cash from your credit card. I am sure municipalities are already working on this in real estate property taxes as well as IRS. If so, it will change the entire underwriting for consumer credit dramatically. After all, the proverbial pendulum does tend to swing radically in both directions. From "easy credit" to "no credit" whatsoever. In the event of a banking crisis the deposit insurance would not be honored. When you deposit money in a bank account, you are an 'unsecured creditor'. People are going to find out what that means which is why the banks are pushing gov for cashless society. Can't withdraw your deposit. IMO instead you would be offered a high yielding bond instead say 10 years at 5%, initially these would be worth more than face value due to the high yield. However due to the numbers that would need to be created it would be in the governments interest to inflate these away. When you come to redeem these for cash they will be worth sweet F All . just like war bonds were in 1920's Germany. Most people today have not seen money in their life. All they've seen are banknotes and digits on a computer screen. I think it is very innovative. The 1% aided and abetted by our government are continually developing new ways to fleece the ignorant sheep out of their earnings. Even bank robbers use innovation to improve their return and lessen their chances of getting caught. Just because someone is innovative does not mean they are not a crook. The only way to keep this economic model on the road is for interest rates to keep falling so you can keep adding more debt. After 2008 – They dropped interest rates to the floor. Now they need to go negative. You may have noticed all the talk of negative rates; it’s the only way you can keep this economic model going. The bankers saturated the markets in the developed world with their debt products before 2008. The bankers saturated the emerging markets with their debt products after 2008. Their business model is coming apart at the seams. Apple can saturate the market with an iPhone and then bring out a new version and start again. There is no “Debt2” product; that’s it. Prepare Yourself intuitively you know the recession is coming sell stocks and real estate buy canned pork-n-beans and Spaghetti-Os halt your gender transformation - there's no return on investment Suddenly Asset Values Appear to be Fraudulent real estate, stocks, and derivative values are hyped up flimflam devices Wall Street seems to be packed with cheaters and tricksters government economic numbers are conjured in the Asylum for the Criminally Insane The Trump Recession Tightens Its Grip layoffs, unemployment, and ennui GDP numbers in constant revision downward the stock market is revealed as a robotized skimmer humor is permanently lost the aristocracy is untouched The stock market values are phantoms of delusion. The hordes of homeless imply sinister underlying economic forces at work. Things are not what they appear. There will come a time- perhaps very soon, when all this financial wizardry . will be exposed to the cold light of day, and maybe properly functioning equity, bond and Precious Metals markets will be wheeled into the light as if they are some sort of revelation that everyone had forgotten, but, en mass, suddenly rediscovered. All current markets are screwed, and all those who participate risk having the wool Shawn off their backs. QE equals wealth transfer from the plebs to the rich. Savers getting screwed. Credit or spending power is generated by moving future income to the present. If that future income is insufficient to service the debt (credit now spent), who pays the bill. Ray Dalio explains that the payee is always the borrower or the lender. But the government steps in and socializes particular debt and makes it payable by neither debtor nor creditor but rather by the taxpayer. Explained by politicians as being benefiting the taxpayer. And explained by Miss Lagarde as “ people should prefer jobs over savings.” Central Bankers are now Central planners whose mission it is to make all charts go from low left to high right. Central Bankers are basically saying BUY STOCKS (we already have), or we will punish you with rates below inflation and below zero. Buy ammo. Currency that packs a punch. It's portable and useful. Try lugging gold around or having it in units small enough to buy a carrot. The Banks are already positioning to fire wall their premises. No cash from tellers just the ATM. When that runs out in less than six hours, what you are going to do? The whole thing will come down and blamed on climate change or some other bs story. Just get ready cause you are not stopping it. We would need a total mass of psychological change in order to stop this. The concept is so simple; it's hard to wrap your brain around it. Create money from nothing, loan it out at interest, expand through fractional reserve banking, repeat process. Where is the money to repay the interest? It doesn't exist, welcome to the world hamster wheel folks. Taxpayers Stuck with Risky Loans. There, fixed it for ya. Privatized gains, socialized losses. It's good to be a bankster. 2007-2008 all over again, yet this time on steroids, since the debt numbers are a whole lot bigger this time. As a matter of fact, personal debt is the largest of all time. What could possibly go wrong indeed. I think people will be amazed at just how many things can go wrong, and just how bad things can get.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
The 'Wild West' of shadow banking
A new wave of non-bank lenders is showering small businesses with high-risk loans at interest rates that be as high as 150 per cent. What many borrowers don't know is that normal consumer protection rules don't apply to these so-called shadow banks, and that can lead to disaster for people who borrow against their family home.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
Europe On the brink of Economic & Political Meltdown !!
The global economy is enthralled with the problems at the start of 2019 ; with another major economic crisis brewing in Europe . The growth of the continent has slowed practically to a standstill, and two of its four biggest economies are on the brink of recession. The Eurozone Crisis has taken a significant toll – both economic and political – on EU member states, including the Union as a whole. The EU, One of the world’s most extraordinary experiments in governance–a union throwing together what is now 28 countries with wildly different cultures, to fight around a negotiating table rather than on the battlefield–is under siege from within. Europe is facing economic crisis, immigration crisis, Brexit Crisis, secession crisis, and Rise of nationalism and regionalisms.And demographically, it doesn't look good. The debt crisis started in 2008 with the collapse of Iceland's banking system, then spread , primarily to Portugal, Italy, Ireland, Greece, and Spain in 2009. It has resulted in a loss of confidence in European businesses and economies. The ECB is under fire from all sides for its incapacity to stimulate Europe's economies. The European banks are facing a make or break moment. European banks are in crisis for structural and cyclical reasons. Abraham Lincoln once had a very famous saying. He said a house divided could not stand. One must remember that the EU has initially been set up to mimic the U.S. in its structure. But that isn't working out. That should be taken as a hint that the U.S. isn't successful either. It is evident that we are moving towards a Financial Armageddon that will shake the world to its core. The numbers simply don't lie. Call it a "re-alignment" if you like, but in practical terms, it is the recognition that our path was an unsustainable illusion. We are but pawns in the giant game known as the global economy. The situation has become dreadful, and the numbers do not work. Borrowing money to simply pay the interest on past debt and Negative Interest Rates is not a prescription that leads to economic nirvana and bliss. BREXIT to the West, POLEXIT to the East, GREXIT to the South. Full speed ahead with Migration! What could be better than Business bringing energy Supply and Demand together at any cost with the added benefit of denying Russia a lucrative Natural Gas market. The only problem is nationalism, religion, and culture get in the way! Welcome to Atlantis Report . The EU passed laws to make it legal for bail-ins. So if you have under 100,000 Euros, you would lose 40% of your account. If you have over 100,000, you will lose 60%. The recession has left a legacy of non-performing loans on Italian banks’ balance sheets. Policymakers in Italy understand well significance of correcting their banks’ problems to boost a healthy economic recovery. Reforming the judicial and extrajudicial processes for recovering collateral offers the potential of improving banks’ balance sheets and improving financial stability, not only by increasing loan collections directly, but also by enhancing borrowers’ incentive to service their existing debt. A combination of market volatility caused by Brexit, questionable politicians, and a poorly managed financial system worsened the situation for Italian banks in mid-2016. A staggering 17% of Italian loans, approximately $400 billion-worth, were junk, and the banks needed a significant bailout. A full collapse of the Italian banks is arguably a more significant risk to the European economy than a Greek, Spanish, or Portuguese collapse because Italy's economy is much larger. Italy has frequently asked for help from the EU, but the EU recently introduced "bail-in" rules that prohibit countries from bailing out financial institutions with taxpayer money without investors taking the first loss. Germany has been clear that the EU will not bend these rules for Italy. The Greek crisis is one of the worst in history, even in the context of recorded ‘trifecta’ crises – the combination of a sudden stop with output collapse, a sovereign debt crisis, and a lending boom/bust. Furthermore, Germany’s leading bank, Deutsche Bank , is consistently being exposed to be the greatest repository of corporate corruption since BCCI. Whether it be money laundering for Russian oligarchs (or, allegedly, the Trump family); engagement in interest rate scams such as LIBOR manipulation; violations of U.S. economic sanctions on Iran, Syria, Libya and Sudan (among others); or the sale of toxic securities in the run-up to the 2008 financial crisis, Deutsche Bank has played a crucial role, and is now paying the price. Berlin has time and again been making an effort to find a buyer for the bank, but both Commerzbank and UniCredit have had a closer examination and ran for the hills as a result. The share price performance indicates that Deutsche Bank is an impending candidate for a bailout, if not total nationalization. It's not rocket science, ECB has screwed up all semblance of market pricing in the Eurozone. What a surprise banks cant work out where to safely lend their money any more and can't get a margin doing it anyway. They either lend to previously junk crap companies and pray, or they get to lend to AAA at negative rates and lose money. Some end up just paying the negative rates and slowly die. Retarded funny money policies do not fix the economy. How many times must this idiot in ECB screw with the market until people get the idea. The EU is about subverting nationalism and democracy. I do not think that nationalism or democracy is flawless, but the EU alternative is an unelected technocracy surrounded by a boneheaded bureaucracy full of sinecures - hardly inspiring. No wonder it started measuring the curvature of the bananas. Let it die a sudden death, leaving thousands of shocked bureaucrats begging on the streets of Brussels. The EU was never meant to "unite" Europe. It was meant to turn them all into tax slaves, worse than we are! The Greenies got control and went full Socialist, and now, as Thatcher said, they're "running out of other people's money." And bringing in hordes of low IQ immigrants to do the work. Just like Rome did with the same corresponding results. the global economy is enthralled with the problems at the start of 2019 with another major economic crisis brewing in Europe the growth of the continent has slowed practically to a standstill, and two of its four biggest economies are on the brink of recession . Europe, since the past year, is facing a lot of crisis, not just because of Brexit's case. Many of the countries are being touched by the present situation, and officials of various countries are in the hope of the situation to settle on a direct basis. Germany appears to have been negatively impacted by global legislative problems and potential future problems with foreign exchange. The car industry business, which amounts to a large piece of the assembling component, has receded consequent of an absence of worldwide interest and development joined with problems over the outflows and administrative changes that have been obtained ultimately. As Germany is the biggest economy inside the Eurozone, this is a real concern for the EU Economy, and this is the reason we saw the Euro weakening against both the Pound and the US Dollar amidst exchanging sessions. In conjunction with this issue, the Italian banks are also under enormous pressure. This implies the banks included will furthermore need to increase their capital sums, and this made multiple Italian banks lose motivation on their offer costs. Only Monte Dei Paschi di Siena has uncovered its financial record to the ECB with the others still yet to go with the same arrangement. Inflation is a central concern for any Central Bank . And with swelling having fallen since November 2018, this could dishearten the European Central Bank from rolling out any improvements to their current money related approach. Yet in the event that anything this could cause Euro weakness as it suggests that as swelling is decreasing ; then this indicates that the ECB won't raise financing costs from their memorable low at any point in the foreseeable future. This evidently shows that the foreign exchange market will be affected in the days to come likewise. The entire issue here is FAILED SOCIALISM. For that is why these EU countries are broke. The pension obligations entered into, the largesse from the government to the People, is why these countries must be able to borrow for ZERO. So as to meet the obligations. The ECB acts in their direction. They are referred to, just as in the US, as "unfunded" obligations. Which suggests MORE MONEY is needed. In reality, and identifying the base problem, the pensions are OVER PROMISED. And the promises need to be reworked back to reality. The pensions are underfunded because THEY WERE OVER PROMISED by those pedaling SOCIALISM. The Euro is a means to enslave the European people. At that time, with the Nazi tanks, it did not work, today one destroys the European states with the Euro. Europe is toast. I just don't see them pulling out of this QE nosedive, ever. By the time the member states cash the loan check, the ECB has already devalued it's worth. It's just so blatant now there is simply no way to reverse it. The hubris of those bankers are just breathtaking when you have some understanding of what they're doing to the population for the advancement of the EU. It is a tax on everything forever, and the bankers just really don't give a damn. Globalization has been an extended crisis event, built by those who earnestly desire to establish global governance but know they cannot merely impose it without loss of societal order. They will continue ratcheting up this lengthy global crisis until the population begs them to resolve it. Which is about now, We stand on the brink of the final phase, where they pull the trigger on a global financial meltdown to which they will propose a worldwide cryptocurrency of their own design (but produced via one of their proxies to maintain the fiction they did not create it) as the only solution. Along with cash, ban to "prevent crime and terrorism" and a negative interest rate to "control aggregate demand." Or to paraphrase Mencken. "The whole aim of practical globalism is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them engineered." eventually, The EU will be folded into the Belt and Road project, and so the EU bureaucracy will survive. There will just be another layer of management over the EU.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
Blog Archive
“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
Political 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
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
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."
Thomas Jefferson
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