The Smell of Collapse Is In The Air

Source: http://www.silverdoctors.com/the-smell-of-collapse-is-in-the-air-part-2/
economic collapse

CAUTION! Before you continue…

  • If you believe that total government debt can grow FOREVER and more rapidly than the underlying economy, this article is NOT for you.
  • If you believe that governmental deficit spending, QE, and bond monetization can continue FOREVER without major consequences, this article is NOT for you.
  • But if you are sane enough to know that our current economic policies will produce a “train wreck,” read on…


Submitted by Deviant Investor:

The U.S. economy is being overwhelmed by a loss of faith and trust in politicians, government, and bankers, excessive debts, artificially low interest rates, unsustainable deficit spending, expensive wars, QE (money printing) to infinity, “Inflate or Die” monetary policy, potential derivatives implosion, Obamacare and so much more. A slow-motion collapse is occurring and most of us do not see it. Consider these thoughts from insightful writers:

Collapse Indicated by Stalling Growth in Global Financial Reserves

Hugo Salinas Price:

“As it is, the US can only continue to monetize government debt. Higher dollar interest rates are inevitable and will cause further government deficits; the debt overhang in both the US and Euro Zone is so great that a rise of a few points in interest rates will explode the deficits, and so on and so forth.

Bottom line: Stalling growth in International Reserves tells me that a world financial collapse is in the offing.

Collapse Indicated by Loss of Trust in Western Economic Systems

David Stockman:

“There is no honest pricing left at all anywhere in the world because central banks everywhere manipulate and rig the price of all financial assets. We can’t even analyze the economy in the traditional sense anymore because so much of it depends not on market forces, but on the whims of people at the Fed.”

“The Blackberry Panic of September 2008, in which Washington policy makers led by former Goldman Sachs CEO Hank Paulson, panicked as they saw Wall Street stock prices plummet on their mobile devices, had very little to do with the Main Street economy in the United States. The panic and bailouts that followed were really about protecting the bonuses and incomes of very wealthy and politically well-connected managers at banks and other heavily leveraged businesses that were eventually deemed too big to fail. What followed was a massive transfer of wealth from the taxpayers and middle-class savers, in the form of bailouts and zero interest rates on bank deposits imposed by the Fed, to the so-called One Percent.”

I think the political realities of the situation make the most likely scenario one in which there will be some kind of real financial collapse and disorder that will require a total reconstruction of the system.

The Burning Platform:

Despite the frantic efforts of the financial elite, their politician puppets, and their media propaganda outlets, collapse of this aristocracy of the moneyed is a mathematical certainty. Faith in the system is rapidly diminishing, as the issuance of debt to create the appearance of growth has reached the point of diminishing returns.

“We are witnessing the beginning stages of political collapse. The government and its leaders are being discredited on a daily basis. The mismanagement of fiscal policy, foreign policy and domestic policy, along with the revelations of the NSA conducting mass surveillance against all Americans has led critical thinking Americans to question the legitimacy of the politicians running the show on behalf of the bankers, corporations and arms dealers.

“We are supposedly five years past the great crisis. Magazine covers proclaimed Bernanke a hero. If we are well past the crisis, why are the extreme emergency measures still in effect? If the economy is growing and jobs are being created, why do we need $85 Billion of government debt to be monetized each and every month?”

“Just the slowing of debt creation will lead to collapse. Bernanke needs a Syrian crisis to postpone the taper talk. Those in control need an endless number of real or false flag crises to provide cover for their printing presses to keep rolling.”

Bill Fleckenstein:

“Since April, the 10-Year has gone from about 1.6% to as high as 3% recently. Now we have to see when this rally in bonds stops. The bond market will then roll over and then the Fed won’t have the tapering as an excuse. It means the bond market has ceased to price in the scenario that the Fed wants, and the bond market is not responding to the Fed’s moves in the short-run. In the old days we would call that ‘losing control of the bond market.’ And if that starts to happen, all hell is going to break loose.”

Michael Pento:

“The 10-Year went from 1.4% to 3%, and that made Mr. Bernanke panic. The average on that (10-Year) yield is 7% in the modern era since 1971 when we closed the ‘gold window.’ So, if the average is 7%, and the United States of America, this once great land, can’t (even) tolerate a 3% yield on the 10-Year Note, that means the Fed can never unwind QE.

That’s enough to cuff Mr. Bernanke’s hands. So the Fed is indeed trapped as you indicated. They cannot significantly bring down QE. That means a perpetual increase in the Fed’s balance sheet. That (also) means an inexorable rise in asset bubbles like stocks, bonds, and real estate, and it’s going to end (very) badly.

Hank Paulson Interview:

“Paulson believes there will be another financial crisis.”

“It’s a certainty. As long as we have markets, as long as we have banks, no matter what the regulatory system is, there will be flawed government policies. Those policies will create bubbles.”

Alternate Interpretation: As long as we have Treasury Secretaries who represent the interests of Goldman Sachs and Wall Street bankers instead of the US economy, then we can be certain of another financial crisis.

Collapse in Retirement Income

Dennis Miller:

“While the Federal Reserve holds down interest rates and floods the banking system with money, it’s destroying the retirement dreams of several generations. The Employee Benefit Research Organization reports that 25 – 27% of baby boomers and Generation Xers who would have had adequate retirement income – under return assumptions based on historical averages – will run out of money if today’s low interest rates are permanent.”

In addition to the problem of low yielding investments caused by the historically low interest rates created by the Fed, even more retirees will run out of money, much sooner, when the inevitable inflation in food and energy prices smacks the U.S. economy, and especially retirees.

Discussion

It seems clear that we are losing faith in our politicians, our leaders, and our financial systems. Approval levels for congress and the President of the United States are low. Too-Big-To-Fail banks and “banksters” are despised and openly criticized.

  1. The Federal Reserve is losing credibility; more and more people are realizing that QE is good for the bankers and the wealthy, but that it does little for “Main Street” people except drive up the prices they pay for food and energy.
  2. The American public is generally opposed to war in the Middle East but that seems to matter little to the political and financial elite who will profit from the war.
  3. Most people, so it appears, know that inflation is much higher than officially stated, and that inflation will become far worse than it is today. (When was the last time you saw a cup of premium coffee or a gallon of gasoline for less than $1?)

Consider this verse from “Desolation Row” – by Bob Dylan (in the 1960s). Does it describe our currently collapsing financial and political systems?

Source: http://www.silverdoctors.com/the-smell-of-collapse-is-in-the-air-part-2/

PS:
Some 44 kilograms of gold bars from an overall cargo of 300 kg of precious metal have mysteriously disappeared from a flight bound to Zurich. An insider operation could be to blame for a €1.5 million heist at Paris’ Charles de Gaulle airport. http://www.silverdoctors.com/gold-shipment-disappears-from-air-france-flight-to-zurich/
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One comment on “The Smell of Collapse Is In The Air
  1. RonMamita says:

    The U.S. Government Is Preparing For A Major Natural Disaster: Why Are They Keeping It Secret?

    Napolitano Head of DHS
    In a remarkably ominous farewell speech made by Secretary of Homeland Security Janet Napolitano in August of this year, the public was let in on an expected upcoming global catastrophe that everyone should be prepared for. Napolitano described that a massive and “serious” cyber-attack on U.S. homeland is coming, and that a natural disaster —the likes of which the nation has never seen before —is also believed to be on its way. The resignation marked the end of her four year term as DHS under President Obama, raising questions amongst the public about the real intent of Napolitano’s decision. As part of her farewell speech she joked for her replacement to “grab a bottle of Advil.”
    Was Napolitano’s resignation and public statement a literal warning of knowledge our government is aware of and is keeping from the people? A few months prior to Janet’s farewell speech an unsettling report prepared by EMERCOM revealed that the Obama Regime requested the use of at least 15,000 Russian troops trained in disaster relief and riot control to be utilized in FEMA Region III (District of Columbia, Delaware, Maryland, Pennsylvania, Virginia and West Virginia) in October. Former South Dakota Senator Sheldon R. Songstad, along with conspiracy website moderator David Ells put together a list of strange clues that point towards government preparation for an upcoming disaster crisis:

    15,000 Russians in Baltimore by October
    1st 82% of our combat forces and their supply elements out of CONUS by October 1st
    FEMA purchase orders for over $14.2 million for MREs and heater meals to be delivered to Region III by October 1st
    FEMA purchase orders for 22 million pouches of emergency water to be delivered to region III by October 1st
    FEMA purchase orders for $13.6 million for MREs and heater meals to be delivered to Austin by October 1st
    Nine-week training course for UN Peacekeepers in CONUS to learn Urban Warfare, English and US weapons systems beginning 4th week of July for 386,000 troops to be completed by October 1st.
    $11 million in antibiotics to be delivered to FEMA region III by October 1st ordered by CDC
    World Health Organization held second emergency meeting in its history to discuss MERs coronavirus. Determined a vaccine MUST be in place by October 1st
    2800 MRAPs must be delivered to DHS by October 1st
    No leave will be allowed for US military from September 28th thru November 5th
    NORCOMM yearly training for civil unrest suspended until September 27th – to be performed in northeast coastal areas
    Date for release of QE3 report moved to October 16th
    All DHS agents MUST qualify with sidearm, shotgun & AR 15 by September 28th -no mention of yearly less lethal qualification
    Sporadic testing of GPS & Communications satellites is coordinated for the first time with a testing date of September 29th
    POTUS mandates to FEMA and DHS concerning support for metropolitan communities dealing with the extreme climate change MUST be complete by October 1st. These mandates were issued during the last three weeks.
    Over 300 school systems in the US have determined they need three-day kits for each school AND three-day kits for each student to take with them. All deliveries are scheduled for the month of September.
    All National Guard units will complete riot control and disaster assistance training during this year’s annual two week training. All units MUST have their training complete by September 30th
    Daily testing of the Emergency Broadcast System to begin on September 25th and run thru October 2nd
    Eastern-based Coast Guard units to perform massive group training usually performed in the Gulf, in the Virginia and Delaware areas. This is a 10-day training mission to begin September 26th.
    A side-note to ponder: For the first time in the history of the United Nations, the Secretary General addresses the Assembly, a speech that was broadcast live to over 60 nations, to inform the assembly that while we are dealing with what appears to be two global crises — extreme climate change and financial downturns — the governments of the world are working together to resolve the issues before they reach catastrophic proportions. In other words, he addresses the Assembly and the world just to say everything is going to be okay.

    It’s clear to see that the government is keeping something from the public. Some may argue that they are just taking necessary precautions in case of a disaster, but it appears to be something more than just ‘being prepared in the event of…’ Russian Minister Puchkov recently stated:

    “We have decided that [FEMA] and Russia’s Emergencies Ministry will work together to develop systems to protect people and territory from cosmic impacts…”

    He also further noted that his meeting with DHS Director Napolitano also covered other kinds of natural emergencies, such as the extreme weather of recent years in both Russia and the United States. It is peculiar that such meetings and preparations have taken place around the much talked about passing of comet ISON. Could the government be aware of impending devastation coming from the debris trail of comet ISON?

    Another strange incident that occurred on the coast of California this month may also point to a coming natural disaster. Two oarfish measured 16-18 feet long washed up on the shores of southern California, a rare occurrence since oarfish are bottom feeders that usually stay thousands of feet beneath the ocean surface. Japanese folklore suggests that oarfish rise to the ocean’s surface before large earthquakes strike, which is what happened back in 2011 before the 8.8 magnitude Japan earthquake hit (the same is said to have happened before the 2010 earthquake in Chile). Fishermen at the time reported seeing and catching an abundance of oarfish around the epicentre of the mega-quake. Scientists suggest that sea serpents are more perceptive to seismic shifts and changes in gas pressures.

    The idea that animals can sense when a natural disaster is about to occur is something that dates back thousands of years. Historians recorded that before the major earthquake of 373 B.C. in Helice, Greece, animals such as rats, weasels and snakes all deserted the city in a panic. Bees have also been known to leave their hives and disappear before natural disasters. Many pet owners have reported their cats and dogs acting up before earthquakes strike as well. It is thought that animals have a higher sensitivity to electrical changes in the air or gas released from the Earth. This may explain the strange appearance of the oarfish. Earlier this year, a record number of sea lion sightings were also reported along Southland beaches, including one declared ‘unusual mortality event’ in April that saw hundreds of ailing sea lion pups washed ashore. Perhaps these events are precursors for the “big one” that is said to be overdue by now, the Cascadia subduction zone earthquake along the western North American coastline. Only time will tell what these signs all really mean.

    Like

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