…and none of them are good-
“The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions. “
Looks like the USA is now a third world or close to a third world nation, in regards to their wealth.
Nearly ten years ago I bought Rawles’ “Patriots”.
I also bought into the “any day now, but better to start prepping late than not at all” schtick.
Five years ago I realised I was reading the same survivalist articles over and over and over again. The only thing that changed were the numbers (year, month, dollar figures etc).
Those same articles are being presented ad nauseum to this day.
There is a reason for this. If every prepper woke up and realised that the greatest threat to their survival was no-collapse-at-all then they might get on board the anti-tyranny train.
This financial armageddon gig is a load of crap. The idea that the powers that be control everything to do with finance EXCEPT when the debts are called in is preposterous.
It’s nothing more than a convenient fairy tale for armchair nationalists who desperately want to believe that all they have to do to avoid becoming slaves is to buy wheat in bulk and sit on their fat asses.
Damn right Wombat. Any excuse to do nothing. And we’re all guilty of it.
Very true, but the more of us that come around to the need to act, the better.
“This financial armageddon gig is a load of crap. The idea that the powers that be control everything to do with finance EXCEPT when the debts are called in is preposterous.”
They are waiting for someone to act,then the other shoe will be dropped,the resulting calamity will be blamed on the “evil right”and the final fight will be on with public opinion in their favor.
The gist of the article is that the same bubble that burst in 07/08 has been reinflated,is much bigger,and is fixing to burst again,except this time there is no bailing anything out,there is no money left in the public’s pockets to pick and structurally the economy is much worse.
They can still dump plenty of zeroes on the federal reserve spread sheet.
This is why a third world war is in the offing. The only problem is they’re having a hell of a time making a villain of Putin and the Chinese can’t be offended because they hold too many lever in the US system.
They’ll go for it anyway. For the average schmuck, “the war collapsed the economy” will be irreproachable logic.
Personally I get the sense that the globalists have had to put a lot of their plans on the back-boil due to Putin, and as as soon as they replace him with someone more pliable they’ll wage a phony war, win it handily while the economy collapses and then make a move on a global currency/marketplace.
Ten years ago when I predicted American Revolution 2.0, I said the immediate cause
would be an economic meltdown – as government that cannot feed its people has at last went a bridge too – Also, historically speaking, hungry bellies a revolution makes, as the American, French and Russian revolutions prove.
In regards to comments made by Wombat and KG – like yourselves, I thought the revolution would have broken out by now – there is enough gasoline dumped on America’s floor for the torch to go up in flames – but no one has thrown down the lighted match – because BOTH sides know the outcome favors neither side.
However, in 2016/17 the big poker game moves into its final stage of “put up or shut up time” and the cards thrown on the table – winner take all.
Who wins the revolution/civil war?
The best organized, the best equipped, the most numerous and most ruthless.
…and if the last civil war America fought is any indication, the conflict will last four or five years.
Read the book The Big Short – or see the movie just released with the same title by Michael Lewis to see just how crooked the system really is.
It’s like trying to “comprehend” a solar system. Too much money being dumped in too many pockets.
The game-plan of “rob nearly everything from nearly everyone and then bribe anyone who’s relevant” has been working swimmingly for a long time now.
If people woke up to the fact that they’re working one day a week for themselves and four days a week for the government then things would start to get pretty interesting.
Watch Michael Burry’s short lecture here,it’s actually fairly easy to understand,even for total noobs,unfortunately those on the inside were only seeing their part of the picture and not the whole thing.
https://youtu.be/fx2ClTpnAAs
As he says in another interview “everyone is to blame,but no one wants to take responsibility” that includes everyone from the Fed chair,down to the 20 something year old couple just starting out who willingly signed on the line for a $600,000 home loan,when they were only making $45,000/year in income.
The law is the law, as they say. If the bank wants to hand out 600k to a couple making 45k a year and the couple walks away five years later, as is their right in America, then the bank has nobody to blame but themselves.
If the bank signs off on the house being worth that much, gives a low interest rate honeymoon period and requires zero deposit or collateral in a country where you can’t even come after the couple for their fridge or the shirt on their backs, then the banks are the idiots, not the couple trying to find a place to live in a market the banks superheated with funny-munny.
Not exactly,like a reformed con-man once told me,people fall victim to con-men because of their own greed,they want something for nothing so they will believe what they want is within their reach and ignore the reality that the deal is just too good to be true.
Normally the folks mentioned would not be able to borrow that much money without 20% down and if they did default they would be out on their ear within three months.But these are not normal times,foreclosures were stalled,banks remained solvent,and debt brokers were shored up all to maintain the illusion and reinflate the bubble.
The people who allowed themselves to be conned are still believing they can get something for nothing.
Janet Yellen Gets Nuts
https://youtu.be/nCnTIMUNh6Q
The Fed,huffing and buffing making the bubble ever bigger since 1913.
The middle class .
The Brady Bunch
https://youtu.be/2ikhReVdAGo
Haha…I still like Marsha