- Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food”
by Tyler Durden, http://www.zerohedge.com
The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today…
These are hungry Venezuelans protesting that their children are dying from lack of food and medicineand that they do not have enough water or electricity. As AgainstCronyCapitalism reports, this is a country with more oil than Saudi Arabia, and the government has stolen all th emoney and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them).
On the other side, Vice President Aristobulo Isturiz, speaking on state television, said that a separate march will be held to support the extension of President Nicolas Maduro’s economic emergency decree.
May 13, 2016 Posted by mosesman | Economics, GeoPolitics, Social Trends | Bankruptcy, Collapse, corruption, Crime, Currency, GreatDepression, Hyper-inflation, Meltdown, Poverty, Riots, Venezuela | Leave a comment
- Published on Mar 30, 2016
Economic confidence continues to decline. Japanese industrial production is a complete disaster. ADP job number make no sense when compared to other indicators. IBM, Boeing and State Street are laying off thousands of people. One out of three Americans do not have enough money to pay for food or rent. US says if England leaves the Euro zone it will be catastrophic to the world economy.
March 31, 2016 Posted by mosesman | Economics, Social Trends | Bankruptcy, Collapse, corruption, Crime, Currency, Europe, Famine, Fascism, FederalReserve, Fraud, GreatDepression, Illuminati, Japan, Meltdown, New_World_Order, Poverty, Treasury, UK, Unemployment, US | Leave a comment
- Welcome to the Recovery – 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
by Michael Krieger, http://libertyblitzkrieg.com/
The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six years, it fails to actually pin blame on the undemocratic, oligarch institution most responsible for this humanitarian crisis: The Federal Reserve.
Of course, I and many others have been saying this for years, but now more than half a decade into what is supposed to be a recovery, people are finally being forced to admit what this really is — large scale theft.
In fact, Ben Bernanke and his crew of upward wealth distributing academics have pulled off the greatest wealth heist in American history. In its wake we have been left with a hollowed out, asset striped Banana Republic. Thanks for playin’ Main Street. Or more accurately, thanks for being played.
– From the post: The Oligarch Recovery – Study Shows Real Wages Have Plunged for Low Income Workers During the “Recovery”
More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.” From Bloomberg:
During the 2007-2009 recession, state and federal governments actively encouraged people like Crofoot to take advantage of the aid. Millions did, and many are still claiming benefits. Enrollment in the Supplemental Nutrition Assistance Program, the formal name for food stamps, remains near record levels, even as the unemployment rate has fallen by half.
“When unemployment was rising people said enrollment would fall sharply when things got better,” said Parke Wilde, an associate professor of nutrition policy at Tufts University in Boston. “That hasn’t happened.”
February 6, 2016 Posted by mosesman | Economics, Social Trends | Bankruptcy, Collapse, corruption, Crime, Fascism, FederalReserve, Fraud, GreatDepression, Illuminati, Meltdown, New_World_Order, Obama, Poverty, propaganda, Unemployment, US | Comments Off on Welcome to the Recovery: 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
Published on Jan 18, 2016
The gap between rich and poor is widening according to the charity Oxfam, which reports that the 62 world’s richest people own the same as the poorest half of the planet’s population.
January 6, 2016 Posted by mosesman | Economics, Social Trends | Bankruptcy, Collapse, Currency, Fascism, FederalReserve, Fraud, GreatDepression, Illuminati, Meltdown, New_World_Order, Poverty, Treasury, Unrest, US | Comments Off on Peter Schiff: When The Economy Crashes Parts Of America Will Resemble A 3rd World Country
- Published on Sep 22, 2015
Tspiras has won the elections and as of Jan 1, 2016 the Greek banks are eligible for bail-ins. Euro zone consumer confidence plummets. Groupon layoffs 1100 employees. Manufacturing declines to depression levels. Glencore prepares for a doomsday scenario in commodities. Duetsche bank might be the first bank to implode in Germany sending a tidal wave of financial destruction to the rest of the world. The S&P 500 earnings has had no growth for 7 years. The end game is approaching, the FED is running out of ammo. As the cost of Obamacare continually rises more people apply for food stamps.
September 23, 2015 Posted by mosesman | Economics, GeoPolitics, Social Trends | Bankruptcy, Collapse, corruption, Crime, Currency, Europe, Eurozone, Fascism, FederalReserve, Fraud, GreatDepression, Greece, Illuminati, Meltdown, New_World_Order, Poverty, stock_Market, Treasury, Unemployment, US | Comments Off on All It Takes Is A Major Financial Event And The Entire Economy Collapses
July 18, 2015 Posted by mosesman | Economics, Social Trends | Bankruptcy, Collapse, corruption, Eurozone, Fascism, GreatDepression, Greece, Meltdown, Poverty, Unrest | Comments Off on ‘Austerity Feeds Recession, Both are Creating a Vicious Circle’ – Greek Deputy Interior Minister
Rob Kirby: Extreme Reduction in Standard of Living Guaranteed. China Gold Could Cause Tsunami of Dollars in US.
Rob Kirby: China Gold Could Cause Tsunami of Dollars in US
by Greg Hunter’s USAWatchdog.com
Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton. Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West. Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit. I think that time is fast approaching, if it is not here already.” Kirby also says, “I think the implied message is we are going to show you how much we have, and then you are going to have to show us how much you have. . . . America, very likely doesn’t have, in my view, doesn’t have the gold they claim to have. They also probably spent a lot of other people’s gold in safe keeping.”
What would happen to the U.S. dollar if China revealed a vast holding of physical gold? Kirby contends, “If this would destabilize the dollar enough . . . it could cause a sudden drop in the U.S. dollar, which could signal a tsunami of dollars coming back to America and could set off a very, very ugly, ugly bout of inflation, which could build into a hyperinflation in America. This would bring social unrest in America. This is the social unrest the U.S. military and the Pentagon have been saying is inevitable and is coming to America. This is exactly the kind of backdrop you would expect to have before this would occur.”
Kirby points out, “The problem is our global capital markets have become criminal cesspools. Our global capital markets right now are crime scenes. The regulatory regime installed by the leadership of America to prevent this all from happening has been vacant. They are derelict, and they are part of the problem. It starts with the repeal of the Glass Steagall Act back in the late 1990’s. You got to look back to see the context of where this train left the tracks. This is not a derailment. The derailment occurred a long time ago. Right now, the engine of the train is in the middle of a corn field, and it’s still moving.”
May 21, 2015 Posted by mosesman | Economics, GeoPolitics, Social Trends | Bankruptcy, China, Collapse, corruption, Crime, Currency, Fascism, FederalReserve, Fraud, Gold, GreatDepression, Hyper-inflation, Illuminati, Meltdown, MIC, New_World_Order, Poverty, Riots, Silver, Treasury, Unrest, US | Comments Off on Rob Kirby: Extreme Reduction in Standard of Living Guaranteed. China Gold Could Cause Tsunami of Dollars in US.
Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”
- Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”
by Mac Slavo, May 13th, 2015, SHTFplan.com
It can be difficult to understand the repercussions that would follow a collapse of the global economy, stocks and debt markets. While we know a serious financial event is coming, determining how it will impact our lives and preparing an appropriate strategic plan to mitigate the fallout can be a confusing and stressful undertaking.
The questions being asked by concerned Americans are plenty, but the answers are not so easy to come by. Should I keep money in my retirement accounts? What publicly traded companies are recession-proof? Will gold and silver really be of value if the whole system comes crashing down? Should I have some cash? How much food should I stockpile if the regular flow of commerce is affected? Will there be riots in my city?
In the following interview with X22 Report Spotlight(top of post), well known analyst and contrarian thinker Greg Mannarino of Traders Choice succinctly explains the challenges we face as individuals and as a nation. He doesn’t mince words and goes straight to the heart of the problem: out of control debt.
As Mannarino explains it, we are facing an event so serious that it will directly impact just about every person on earth. But before we can prepare for it, we need to understand what it is that’s going to happen and what a worst-case scenario may look like:
The central banks… by us adopting a debt-based economic model, which demands that cash be borrowed from the future in greater and greater amounts to sustain what we have here, have created an alternative universe which would not exist. If we did not have access to all of these funds that we’re borrowing from the future and inflating this debt we would not have the lifestyle that we have now.
It’s created a population boom… a population boom has risen in tandem with the debt. It’s incredible. So, when the debt bubble bursts we’re going to get a correction in population. It’s a mathematical certainty.
Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…
May 14, 2015 Posted by mosesman | Economics, GeoPolitics, Social Trends | Asia, Bankruptcy, Collapse, depopulation, Eurozone, Famine, FederalReserve, Fraud, genocide, Gold, GreatDepression, Hyper-inflation, Illuminati, Meltdown, New_World_Order, Poverty, Silver, Treasury, US | Comments Off on Analyst: “Millions Upon Millions of People Are Going to Die on a World-Wide Scale When the Debt Bubble Bursts”
Published on Mar 18, 2015
Protesters in Frankfurt gathered to sabotage the opening of the European Central Bank’s new €1.3 billion campus. For many Europeans, the huge luxury offices built in the midst of an economic recession represent everything that is wrong with the institution. RT talks to Costas Panayotakis, an author and professor of sociology at the New York City College of Technology.
Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”!
- When markets start collapsing: stock market crash, housing market crash …. ie. deflation, the financial/banking system will start to crumble. Banks need inflation for a healthy balance sheet. When deflation sets in, economic activity collapses, loan portfolios contract, bad loans rise … bankruptcies rise .. bank collaterals suffer losses … . The solution to deflation is inflation. Central banksters will implement asset repricing via more money printing, negative interest rates … or a revaluation of the gold price. That is when hyperinflation will start.
- Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”!
by Mac Slavo, SHTFplan.com, February 19th, 2015
It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
February 21, 2015 Posted by mosesman | Economics, Social Trends | Bankruptcy, Collapse, Currency, FederalReserve, Fraud, Gold, GreatDepression, Hyper-inflation, Meltdown, Poverty, Silver, Treasury, Unemployment, US | 1 Comment
- The Lesson of Greece: Only Collapse Makes Real Change Possible!
by Charles Hugh Smith, http://www.oftwominds.com/blog.html
When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse.
Of the many lessons we can learn from Greece’s difficult path to rejection of debt-serfdom, the most important is perhaps the most obvious: no real change is possible until the Status Quo can no longer fulfill its promises, i.e. it effectively collapses.
The collapse of the Status Quo has two distinct features: the process is highly variable, and the process affects the social classes in different ways.
The process of collapse is neither sudden nor smooth. Things do not necessarily cease to function overnight; rather, the decline to effective collapse operates much like energy states in physics: systems decay and then drop to a lower energy level, where they are stable until further decay causes the next drop to an even lower level.
Pension payments provide a ready example. The pension payment is reduced, and the recipient tightens his/her belt and gets by. The next reduction (either outright or via inflation) forces drastic changes in consumption, and subsequent reductions reduce the pension to a supplement that cannot possibly support a retiree, much less their family.
The pension is still issued, but the promise of a pension that could support a household at a modest level of consumption has collapsed. Though the system for issuing pensions still exists, it no longer fulfills the original purpose.
In this sense, the collapsed pension system becomes much like the phantom legions of the late Roman Empire: the paymasters and officers still received the legion’s pay, but there were no real soldiers; the legion was a bookkeeping entry in a skimming operation, not a fighting unit.
The financial Aristocracy (i.e. the kleptocracy) in Greece avoided much of the pain of debt-serfdom. What’s the point of running things if you can’t distribute the pain to others? I addressed this is Greece at the Crossroads: the Oligarchs Blew It (January 27, 2015).
The powerless classes were stripmined first. Bamboozled into voting for the Kleptocracy in previous elections, the powerless lower classes felt the brunt of austerity for the simple reason the kleptocracy knew there would be no blowback, as long as a few shreds of swag were being distributed.
February 6, 2015 Posted by mosesman | Economics, GeoPolitics, Social Trends | Bankruptcy, Collapse, corruption, Crime, Eurozone, Fascism, Fraud, GreatDepression, Greece, Meltdown, Poverty, Unemployment, Unrest | 1 Comment
- Bill Holter: Gold is Gone, Total Chaos Coming!
by Greg Hunter’s USAWatchdog.com
Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world. Holter contends, “It doesn’t really matter where it starts. It will probably be global within less than 48 hours. The reality is it will go all the way around the world within two days because party “A” will not pay party “B” who doesn’t pay party “C” and on and on we will go. The payment chain will break. . . . I’d like to get back to the point of true and real settlement. If nations don’t settle honestly amongst each other, that is how your trade wars start. That’s how one neighbor believes another neighbor is ripping them off. This is how wars start, and that is what this is about: the rest of the world wanting to trade and wanting to do business mutually and evenly and getting paid for trade. In the past with the dollar, the U.S. has gone into many places; and after the deal was unfair, they paid with dollars, which is an un-backed freely printed currency. That’s what the world is upset about. That’s what this tipping of the balance is about.”
Holter goes on to point out, “Greece has got to be hidden. The fact that they are broke cannot come out. If Italy or Spain or anyone else were to default, that would be calling a spade a spade. Once the daisy chain breaks, it will lead all the way to the West, and it will lead to London and it will lead to New York. It will lead to the fact that the gold is gone. That’s the great fault. That is the fault at the core of all of this. That’s why they are kicking the can and kicking the can because it can never be discovered that the gold is gone. Once that is discovered, it’s over.”
February 5, 2015 Posted by mosesman | Economics, GeoPolitics | Bankruptcy, Collapse, corruption, Crime, Currency, Eurozone, Fascism, FederalReserve, Fraud, Gold, GreatDepression, Greece, Hyper-inflation, Meltdown, MSM, Poverty, propaganda, Riots, Silver, Unemployment, Unrest, US | 1 Comment
Published on Jan 28, 2015
The mega-rich are preparing for a peasant revolt, buying secluded estates and arranging escape plans if the poor rise up against the wealthy, Robert Johnson, president of the Institute for New Economic Thinking told RT. Founded in the wake of the 2008 financial crisis, the think tank associated with leading universities such as Oxford and Duke tracks the level of economic inequality in the world, which has skyrocketed during the so-called ‘recovery.’ RT’s Ameera David has more.
- Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown!
by Robert Richardson, http://offgridsurvival.com/
When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world.In less than six months, Russians have lost half their wealth as the result of a fast moving collapse of their economy. So far this year, the Russian ruble has dropped nearly 50 percent against the U.S. dollar.
In recent days that collapse has accelerated at rate that has caused many to pull their money out of Russian banks, signaling a possible run on the banks. The trouble is only being exacerbated by a global drop in oil prices, which is hitting Russia especially hard because as much as half of the governments revenue comes from oil and gas exports.
Could this Chaos Signal the beginning of a Global Meltdown
It’s no secret that our interconnected world has linked all of our economies together. When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world. Add in the fact that the U.S. economy is probably in even worse shape than Russia, we’re just a little better at keeping our Ponzi scheme running, and we have the perfect recipe for disaster.Yesterday we highlighted some of this country’s most recent economic numbers, as reported by the Census Bureau. What we found was more than a little bit troubling.
* According to the latest census numbers, one in five U.S. millennials – adults 18 to 34 years old – now live in poverty.
* Almost two-thirds (65 percent) of children in the U.S. now live in a home that receives assistance from at least one government welfare program.
* Although the government claims a 6.1% unemployment rate, a record 92,447,000 in the United States are not working. If you look at the actual number of people without jobs, it’s not hard to realize the government unemployment numbers are a complete sham.
* We are now over 18 Trillion dollars in debt – a number that doesn’t even account for the $222 trillion in unfunded liabilities this government owes.
December 20, 2014 Posted by mosesman | Economics, GeoPolitics, Social Trends | Bankruptcy, Collapse, Currency, GreatDepression, Hyper-inflation, Meltdown, Poverty, Russia, Unemployment, Unrest, US, War | Comments Off on Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown!
Societal and economics observer and commentator with an endtimes, future history perspective, in a satirical way. Follow me at Twitter: socioecohistory
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- Revelation 12:1-2September 23rd, 201716 months to go.
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