Government prepares To Shut Down Government, AGAIN

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2013Debt Ceiling

“Congress and the president are again at loggerheads on how to move forward as the government’s money runs out at the end of the fiscal year this month and federal agencies are once again warning employees and preparing contingency plans for a closed government.”  – http://www.cnn.com/2013/09/18/politics/shutdown-groundhog-day/

Officials warning to prepare, as the “Debt Ceiling” debate may shut down government.

UNTIL THEY GET WHAT THEY WANT.

I wonder:
In this “Great Recession” economy could government be shut down PERMANENTLY?
Have you ever heard of “unintentional consequences” or “never let a crisis go to waste” or “State Sponsored Terrorism” or “political theater“?

Instability and danger are clearly visible in [this] debt based monetary system. To the extent [institutions] rely upon the fantasies of ever-increasing debt, money printing, and credit bubbles, [expect] more financial collapses. Perhaps a collapse is not imminent, but it would be foolish to ignore the possibility. – See more at: http://www.deviantinvestor.com

From my perspective the economy has not recovered from the 2007 crisis, which was a inflated bubble from previous financially engineered bubbles by the central bank (Federal Reserve). The evidence is clear that the Federal Reserve intentionally inflated bubbles for the great “High Tech” bubble, then the Housing (mortgage-backed security MBS) bubble, and now the bond bubble “QE“…

AN AMAZING CHART HINTS AT SOMETHING SO STARTLING AND SO PROLONGED THAT I IMAGINE IT IS PLANNED OR Ineptly MANIPULATED:

The Labor Force Participation Rate Chart shows ever since year 2000 the Percent of the labor force working has declined consistently and never has returned to its peak!
That startles me and has me thinking either the data is manipulated in a foolish way, or policies are used to intentionally manipulate employment downward…

OUCH!!!!
The USA’s Labor Force Participation Rate has never recovered from the millennium scare (“Y2K BUG“) in 1999!

civilian-labor-force630
Globalization policies (Uniform Commercial Code, Commercial law, regulations, oligarchic corporate consolidation, global cheap labor schemes, trade agreements, corporations moving overseas, centralization of authority, central planning…) resulted in this decline of the USA’s Labor Participation.
Corporations are protected by government as Too Big To Fail/Jail (G-SIFI) financial entities.

Catherine Austin Fitts, formerly managing director of a Wall Street investment bank and was Assistant Secretary of the Department of Housing and Urban Development (HUD) under President George Bush Sr.. She calls what is happening to the economy “a criminal leveraged buyout of America,” something she defines as “buying a country for cheap with its own money and then jacking up the rents and fees to steal the rest.” She also calls it the “American Tapeworm” model:

[T]he American Tapeworm model is to simply finance the federal deficit through warfare, currency exports, Treasury and federal credit borrowing and cutbacks in domestic “discretionary” ,spending …. This will then place local municipalities and local leadership in a highly vulnerable position – one that will allow them to be persuaded with bogus but high-minded sounding arguments to further cut resources. Then, to “preserve bond ratings and the rights of creditors,” our leaders can he persuaded to sell our water, natural resources and infrastructure assets at significant discounts of their true value to global investors …. This will be described as a plan to “save America” by recapitalizing it on a sound financial footing. In fact, this process will simply shift more capital continuously from America to other continents and from the lower and middle classes to elites. -excerpted from the book “Web of Debt” by Ellen Hodgson Brown

This is a MUST WATCH presentation by Catherine Austine Fitts!

In common language this is the Mob Boss’ Protection Racket and they have decided to “Shakedown” everyone using their hired/recruited Mercenaries kill with impunity.
They are criminals, with a hidden agenda, in charge of Trusted Institutions.

Remove your Trust, they are Untrustworthy.
More importantly remove your support and assets, TODAY.

RELATED:

http://ronmamita.wordpress.com/2013/09/19/power-grid-down-drill-to-be-conducted-by-u-s-gov/

http://ronmamita.wordpress.com/2013/09/19/detroit-bankruptcy-financial-terrorism/

http://ronmamita.wordpress.com/2013/09/18/during-the-best-period-of-economic-growth-in-u-s-history-there-was-no-income-tax-and-no-federal-reserve/

http://ronmamita.wordpress.com/2013/09/19/regulations-hft-cispa-and-internet-controls-are-really-for-public-safety/

http://ronmamita.wordpress.com/2013/09/18/organized-crime-institutionalized-centralization-globalization-deception-and-criminality/

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Posted in Freedom-Expressed
3 comments on “Government prepares To Shut Down Government, AGAIN
  1. RonMamita says:

    Conflicting wealthy interests appears to be trying to form public opinion.
    One wing appears to be status quo enforcers, while the other wing appears to want the public to massively shift to adopting gold/silver as currency.
    Personally I recognize the difficulty to move the great inertia of people away from their habits to turn in their currencies for gold and silver. Thus my question is when will the money cartel introduce the new monetary system, in a few months or in next year(s)? ~Ron

    Gold eggs

    BIS veteran says global credit excess worse than pre-Lehman
    Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis five years ago, the Bank for International Settlements has warned.

    http://www.telegraph.co.uk/finance/10310598/BIS-veteran-says-global-credit-excess-worse-than-pre-Lehman.html

    The Swiss-based `bank of central banks’ said a hunt for yield was luring investors en masse into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis”.

    This is happening just as the US Federal Reserve prepares to wind down stimulus and starts to drain dollar liquidity from global markets, an inflexion point that is fraught with danger and could go badly wrong.

    “This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

    “All the previous imbalances are still there. Total public and private debt levels are 30pc higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets that are ending in a boom-bust cycle,” said Mr White, now chairman of the OECD’s Economic Development and Review Committee.

    The BIS said in its quarterly review that the issuance of subordinated debt — which leaves lenders exposed to bigger losses if things go wrong — has jumped more than threefold over the last year to $52bn in Europe, and jumped tenfold to $22bn in the US.

    The share of “leveraged loans” used by the weakest borrowers in the syndicated loan market has jumped to an all-time high of 45pc, ten percentage points higher than the pre-crisis peak in 2007-2008.

    The BIS said investors are snapping up “covenant-lite” loans that offer little protection to creditors, as well as a form of hybrid capital for banks known as CoCos (contingent convertible capital instruments) that switch debt into equity if bank capital ratios fall too low. While CoCos help shield taxpayers from losses in a banking crisis by leaving private creditors with more of the risk, the recent appetite for such an instrument is also a warning sign.

    The BIS said interbank credit to emerging markets has reached the “highest level on record” while the value of bonds issued in off-shore centres by private companies from China, Brazil and other developing nations exceeds total issuance by firms from rich economies for the first time, underscoring the sheer size of the debt build-up in Asia, Latin Africa, and the Mid-East.

    Claudio Borio, the BIS research chief, said the ructions in emerging markets since the Fed turned hawkish in May is a warning to investors that they must tread with care. “Global financial markets have reacted very strongly. If there were any doubts about the strength of international policy spillovers, they have now been put to rest,” he said.

    Mr White said the five years since Lehman have largely been wasted, leaving a global system that is even more unbalanced, and may be running out of lifelines. “The ultimate driver for the whole world is the US interest rate and as this goes up there will be fall-out for everybody. The trigger could be Fed tapering but there are a lot of things that can go wrong. I very am worried that Abenomics could go awry in Japan, and Europe remains exceedingly vulnerable to outside shocks.”

    Mr White said the world has become addicted to easy money, with rates falling ever lower with each cycle and each crisis. There is little ammunition left if the system buckles again. “I don’t know what they will do: Abenomics for the world I suppose, but this is the last refuge of the scoundrel,” he said.

    The BIS quietly scolded Bank of England Governor Mark Carney and his eurozone counterpart Mario Draghi, saying the attempt to use “forward guidance” to hold down long-term rates by rhetoric alone had essentially failed. “There are limits as to how far good communications can steer markets. Those limits have become all too apparent,” said Mr Borio.
    source: http://www.telegraph.co.uk/finance/10310598/BIS-veteran-says-global-credit-excess-worse-than-pre-Lehman.html

  2. RonMamita says:

    Catherine discuses many elements for the global shift w/ Jeff Rense:
    *We are the change.

    *As more of us take the steps to live their lives they want to live and implement alternatives to the matrix then the global shift will manifest…

    *Food gardens, small and community farming is vital for the shift…

    *CAFRs Comprehensive Annual Financial Reports

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The 2014 Worldwide Wave of Action
Peaceful Global EventApril 4th, 2014
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in economics and technology: https://waveofaction.org/job/worldwide-wave-launch-gatherings/
State Sponsored Terror
The Big Day ReportFebruary 2nd, 2014
Institutions of crime Big days have come and gone (government Elections, and Tax filing). Search for what is hidden and for what is not spoken. Be Aware of the next big Day for fraudulent institutions.
RonMamita
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