By Mac Slavo
Over the course of the last six weeks, since the disastrous launch of health care exchanges mandated under the new Patient Affordable Care Act, we have been made privy to something most Americans didn’t believe was possible: that the government of the United States of America is being represented by thieves, liars and sycophants.
Every promise made by the President and Congressional democrats who supported Obamacare legislation has turned out to be a complete falsehood.
But what’s critical to our future well-being is that we understand that the machinations and conjecture are not restricted solely to the health care debacle. They pervade every aspect of government on the federal, state and local level alike.
We have been lied to on every front, as evidenced by revelations just yesterday that the Bureau of Labor and Statistics completely fabricated unemployment numbers in an effort to sway the 2012 election results. This is supposed to be an impartial, non-partisan agency whose sole purpose is to calculate numbers, and even that has been hijacked by agenda-driven politicians and special interests.
Whether we’re talking about health care, the economy, personal privacy, or national security, we must assume, unless proven otherwise, that we are being lied to.
Charlie McGrath of Wide Awake News explains the motivations behind this narrative that the majority of Americans simply don’t understand, or worse, avoid at all costs because it would destroy the very foundations of the fantasy land in which they live.
The lies continue, non-stop. Govern by crisis, offer a lie for a solution, and continue to indebt this country.
Why? Because it isn’t about serving We the People. It is about serving financial special interests, plain and simple.
You’d better realize that and you better prepare for what’s coming, because inevitably, when this Ponzi scheme of stealing from our future in order to pay for fraudulence now comes to an end it is going to lead to the largest financial collapse this planet has ever seen… and most people are going to be absolutely blindsided by it.
As Charlie notes, no matter how deep one attempts to bury their head in the sand, you’d better prepare for what’s coming because the collapse of our entire way of life is, at this point, inevitable.
Or, you can go on pretending it’s not happening, that government officials care about you, that you’re going to have platinum health care coverage next year, and that tens of millions of people in America are not actually living in a modern day depression. – SHTFplan.com
- Prepare For What’s Coming: “The Largest Financial Collapse This Planet Has Ever Seen” (shtfplan.com)
- Prepare For What’s Coming: “The Largest Financial Collapse This Planet Has Ever Seen” (financialsurvivalnetwork.com)
By Michael Snyder
As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know…
#1 The greatest period of economic growth in U.S. history was when there was no central bank.
#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.
#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.
#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.
#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
#6 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.”
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.
#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
Citigroup – $2.513 trillion Morgan Stanley – $2.041 trillion Merrill Lynch – $1.949 trillion Bank of America – $1.344 trillion Barclays PLC – $868 billion Bear Sterns – $853 billion Goldman Sachs – $814 billion Royal Bank of Scotland – $541 billion JP Morgan Chase – $391 billion Deutsche Bank – $354 billion UBS – $287 billion Credit Suisse – $262 billion Lehman Brothers – $183 billion Bank of Scotland – $181 billion BNP Paribas – $175 billion Wells Fargo – $159 billion Dexia – $159 billion Wachovia – $142 billion Dresdner Bank – $135 billion Societe Generale – $124 billion “All Other Borrowers” – $2.639 trillion
#11 The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.
#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
#13 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.
#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.
#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
#18 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.
#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence? – The Economic Collapse
- 25 Fast Facts About The Federal Reserve – Please Share With Everyone You Know (theeconomiccollapseblog.com)
By Mac Slavo
When will the breakdown of the system begin?
If you’ve been paying attention, then you’ll likely agree with contrarian economist Jim Willie. The breakdown is happening right here and now – it’s already in progress.
Most Americans haven’t realized it just yet, but everything including our economic, financial, monetary and political systems are in full meltdown mode. It was so bad in 2008, in fact, that Congressional members were warned that if they failed to stabilize the financial system there would be tanks in the streets.
With nearly 50 million Americans on food stamps, more than half of all able-bodied adults out of work, prices for essential goods progressively inflating, consumer spending collapsing, and the government taking on unprecedented levels of debt, the fact of the matter is that nothing has been resolved. It’s only gotten worse.
Jim Willie warns that, while a collapse is already in the works, Americans have no clue how serious it really is.
They’ll know soon enough.
In my view we had a systemic breakdown in 2007.
Then we had a visible breakdown in 2008… Then we had a further breakdown in 2010 when Europe started to fracture. Then we got more breakdown in 2011 when QE was announced. Now we have further breakdown in 2013 with the gold market ambushes.
So, to say “When is the breakdown going to happen,” I usually have a sassy response to my clients: Where have you been? It’s in progress.
We’re leading up to a big event.
We are having breakdowns in numerous structural elements of the financial system.
They’re all breaking down.
We don’t know what the actual trigger is going to be. I’m pointing to Deutsche Bank. I think Deutsche Bank is possibly going to be the one big bank they cannot control and that’s where you’re going to get the big break down with contagion hitting numerous western banks and hitting numerous important markets like sovereign bonds.
So we’re leading to a climax. We’re getting a chain reaction of breakdown events. They’re in progress.
The ‘taper talk’ was a stress test to find out what in the world would break down, and the answer was everything!”
In the United States, we are going to have shortages across the board, and that includes gold and silver.
Just think food and gasoline.
That’s when the riots will start.
You are going to see out of control chaos and the government stepping in to restore order. . . .
Shortages and price inflation are going to drive people out of their minds.
Via Steve Quayle
The American people, and the people of most western nations, have been living a life of relative peace and prosperity for the last several decades.
The majority have no idea how all of it has been made possible.
The almost unimaginable levels of debt and leverage that have been keeping the system afloat will, however, soon be revealed for the Ponzi scheme they really are.
And when it all comes crashing down millions of unsuspecting myrmidons will be totally blind sided.
They will have failed to prepare for a paradigm shift not seen since the early to mid 20th century, when economic instability and wars ravaged the entire globe, leaving tens of millions of people dead.
As Jim Willie and Greg Hunter note, the big event is coming.
Now is the time to stockpile those items that will be unavailable at almost any price when the severity of the collapse becomes apparent to everyone. Food to keep you alive for extended periods. Essential supplies that you can barter. Gold and silver as a mechanism of exchange. Weapons and ammo to defend what’s yours.
We may not be able to predict what will happen or how widespread it will be, but having a well developed preparedness plan will, at the very least, give you a fighting chance at survival.
This is what it looks like when Americans rush for cheap TV’s, phones and video game systems on Black Friday – can you imagine what the scene will be when they’re fighting for food and clothing? – SHTFplan.com
The vast majority of Americans are going to be absolutely blindsided by what is coming. They don’t understand how our financial system works, they don’t understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems. As a result, most Americans are simply not prepared for the massive storm that is heading our way. Most American families are living paycheck to paycheck, most of them are not storing up emergency food and supplies, and only a very small percentage of them are buying gold and silver for investment purposes. They seem to have forgotten what happened back in 2008. When the financial markets crashed, millions of Americans lost their jobs. Because most of them were living on the financial edge, millions of them also lost their homes. Unfortunately, most Americans seem convinced that it will not happen again. Right now we seem to be living in a “hope bubble” and people have become very complacent. For a while there, being a “prepper” was very trendy, but now concern about a coming economic crisis seems to have subsided. What a tragic mistake. As I pointed out yesterday, our entire financial system is a giant Ponzi scheme, and there are already signs that our financial markets are about to implode once again. Those that have not made any preparations for what is coming are going to regret it bitterly. The following are 17 signs that most Americans will be wiped out by the coming economic collapse…
#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City.
#2 27 percent of all Americans do not have even a single penny saved up.
#3 46 percent of all Americans have $800 or less saved up.
#4 Less than one out of every four Americans has enough money stored away to cover six months of expenses.
#5 Wages continue to fall even as the cost of living continues to go up. Today, the average income for the bottom 90 percent of all income earners in America is just $31,244. An increasing percentage of American families are just trying to find a way to survive from month to month.
#6 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.
#7 Small business is becoming an endangered species in America. In fact, only about 7 percent of all non-farm workers in the United States are self-employed at this point. That means that the vast majority of Americans are depending on someone else to provide them with an income. But what is going to happen as those jobs disappear?
#9 Today, a higher percentage of Americans are dependent on the government than ever before. In fact, according to the U.S. Census Bureau 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government. So what is going to happen when the government handout gravy train comes to an end?
#10 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
#11 It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment purposes.
#12 It has been estimated that there are approximately 3 million “preppers” in the United States. But that means that almost everyone else is not prepping.
#13 44 percent of all Americans do not have first-aid kits in their homes.
#14 48 percent of all Americans do not have any emergency supplies stored up.
#15 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.
#16 One survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time. Incredibly, 21 percent said that they would survive for less than a week, an additional 28 percent said that they would survive for less than two weeks, and nearly 75 percent said that they would be dead before the two month mark.
#17 According to a survey conducted by the Adelphi University Center for Health Innovation, 55 percent of Americans believe that the government will come to their rescue when disaster strikes.
Just because you are living a comfortable middle class lifestyle today does not mean that it will always be that way.
If you doubt this, take a look at what is going on in Greece. Many formerly middle class parents in Greece have become so impoverished that they are actually dumping their children at orphanages so that they won’t starve…
Scores of children have been put in orphanages and care homes for economic reasons; one charity said 80 of the 100 children in its residential centres were there because their families can no longer provide for them.
Ten percent of Greek children are said to be at risk of hunger. Teachers talk of cancelling PE lessons because children are underfed and of seeing pupils pick through bins for food.
If the U.S. economy crashes and you lose your job, how will you and your family survive?
Will you and your family end up homeless and totally dependent on the government for your survival?
Get prepared while there is still time. If you do not know how to get prepared, my article entitled “25 Things That You Should Do To Get Prepared For The Coming Economic Collapse” has some basic tips, and there are dozens of excellent websites out there that teach people advanced prepping techniques for free.
So there is no excuse. You can trust that Ben Bernanke and Barack Obama have everything under control, but as for me and my family we are going to prepare for the giant economic storm that is coming – The Economic Collapse
I hope that you will be getting prepared too.
- Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse (theeconomiccollapseblog.com)
- 10 Scenes From The Economic Collapse That Is Sweeping Across The Planet (thesurvivalplaceblog.com)