Domino Effect: Debt Defaults

14July2014_Record Tax Profits
Federal Tax Revenues Set Record Through June; Feds Still Running $385.8B Deficit
The system runs specifically off of debt and it’s so obvious when a surplus of tax revenue in the trillions still can’t make up for the MASSIVE deficit.

  • GAAP-Based Federal Budget Deficit Hit Record $6.6 Trillion in 2012
  • Although the official numbers vary, the unfunded liabilities amount to over $60 trillion according to USA Today.

There are more questions than answers.
Will nations defaulting on their debt create a domino effect where eventually all nations default as capital flee from nation after nation of defaults?

Recognizing the bully attitude of the elite money cartel we expect capital flows to be directed into the financial centers of London, NY, and others, until certain governments jump ship by legislating a sharp policy change.
With that defiance military intervention (WAR) would be expected to soon follow.

With that kind of concern for the risks in this current crisis cycle we ask what nations are likely to be among the earliest to default?

Ecuador, Egypt, Pakistan, Venezuela, Belize, Cuba, Cyprus,
Greece, Jamaica, Argentina, and Ukraine, are the 11 Nations on the watch list;
but, I ask about Turkey, India, Japan, Russia, even though they are obviously in the “CLUB” and should be last to fall along with China, UK, and the USA with BIG Guns and militaries to defend themselves.

What will happen to taxes, international trades and distribution of food, energy, and their price valuations during the financial industry turmoil?

You control the debt, you control everything.
[…] This is the very essence of the banking industry: To make us all slaves to debt.”

It is no longer a mystery why nations are preparing for WAR.
Remember: All Wars Are Bankers’ Wars
.

RELATED:
https://ronmamita.wordpress.com/2014/08/10/global-monetary-crisis/
https://ronmamita.wordpress.com/2014/04/27/here-is-the-developing-story/
https://ronmamita.wordpress.com/2014/07/31/russia-responds-to-u-s-sanctions/
https://ronmamita.wordpress.com/2014/07/08/century-of-enslavement-the-history-of-the-federal-reserve/
https://ronmamita.wordpress.com/2014/01/23/argentina-currency-controls/
https://ronmamita.wordpress.com/2014/05/29/reminder-world-war-3-has-already-begun/

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10 comments on “Domino Effect: Debt Defaults
  1. RonMamita says:

    2013 Was The Worst Year In Modern History For Humanitarian Crises. 2014 Is Now Even Worse

    by Hayes Brown Posted on August 21, 2014

    A World Health Organization official earlier this year declared that 2013 was the worst year that the international community had seen in more than sixty years. The three crises that were faced that year taxed the system almost more than it could bear. This year — with four crises labeled as the highest priority possible — is shaping up to be even worse, leaving aid organizations scrambling to provide the services hundreds of thousands rely upon.

    For the first time since World War II, there are more than 50 million people displaced from their homes thanks to war and violence. Last December, the United Nations announced that it and its partners were launching an appeal totaling $12.9 billion to aid the — at the time — 52 million people in 17 countries who needed their help. So far, the international community hasn’t provided the full funding needed, leaving the situation bleak for millions. Here’s a brief look at the situations causing the greatest need for humanitarian help in modern history:
    Read more http://thinkprogress.org/world/2014/08/21/3473821/the-worlds-aid-workers-are-stretched-thinner-than-any-point-in-history/

  2. RonMamita says:

    What is driving the mad march toward World War III?
    Gerald Celente and Rick discuss the question.

  3. n3angus says:

    This article caught my attention because of the effort to expand the waters of the state claim by the feds …..
    Tehama ranch agrees to more than $1M settlement with EPA
    http://www.agweb.com/article/epa_rancher_settle_case_over_destruction_of_california_wetlands_NAA_News_Release/
    But after all it all is due to this …..
    The Chinese Provide a Glimpse of An American Post-Collapse Society
    http://www.thecommonsenseshow.com/2014/08/23/the-chinese-provide-a-glimpse-of-an-american-post-collapse-society/

    http://www.ecocitybuilders.org/why-ecocities/the-problem-2/
    http://www.sbs.com.au/dateline/story/comments/id/601729/n/China%27s%20Empty%20Cities

  4. RonMamita says:

    SILVER: the biggest trading anomaly of all

    James C. McShirley August 23rd, 2014

    Market analyst and GATA consultant James McShirley calls attention today to the almost constant knockdown of the silver futures price upon the 6 p.m. Eastern time opening of the access market.

    McShirley writes: “Virtually every evening for the last three years at precisely 6 p.m. ET something very odd has happened: Comex silver offers swamped the bids to the tune of a 3-10 cent decline. For this to happen for three consecutive weeks would be strange. If it were to happen for three straight months it would be bizarre. Only MOAMOPE — Mother of All Management of Perspective Economics — can describe when it occurs for three straight years. …

    “Silver has had a near-iron clamp imposed on it commencing with the access trade reopen. How severe is this iron clamp? From September 1, 2011, to the present, 621 out of the 744 6 p.m. access trade opens have been lower. All manipulation denialists take note: That’s an astounding 83.5 percent.”

    “I was stunned to stumble on to the biggest trading anomaly of all: the MOAMOPE – the mother of all management of perspective economics.
    MOAMOPE is quite simply the stunningly high percentage of lower opens on the 6:00 PM silver access trade open. Perhaps some have noticed the oddity in the form of a Kitco 3 day chart.”

    Read more: http://news.goldseek.com/GoldSeek/1408983846.php

  5. RonMamita says:

    Central Bankers Will Attack ISIS and The Assad Regime

    Posted 27 Aug 2014

    Nearly a dozen nations near default.

    • n3angus says:

      Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself

      This is a Paragraph out of the Fed Meeting Minutes …. Notice he says that a “” INSOLVENT BANK “”” can take your Money to RECAPITALIZE Itself …… How do we Celebrate that kind of LABOR DAY ????? Heck they are attacking we the people too !!! If you are a Insolvent bank you go broke !!!!!!

      “”” Additional steps have been taken in some countries. For example, in the United States, capital ratios and liquidity buffers at the largest banks are up considerably, and their reliance on short-term wholesale funding has declined considerably. Work on the use of the resolution mechanisms set out in the Dodd-Frank Act, based on the principle of a single point of entry–though less advanced than the work on capital and liquidity ratios–holds the promise of making it possible to resolve banks in difficulty at no direct cost to the taxpayer. ( pay attention too this sentence ; ” As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer “. ) http://www.federalreserve.gov/newsevents/speech/fischer20140811a.htm

      • RonMamita says:

        Stanley Fischer: Israeli Zionist and previous governor for Israel’s central Bank

        Fischer was also First Deputy Managing Director of the International Monetary Fund (IMF).
        ALL public rhetoric are STAGED EVENTS to persuade opinions…

        The first speech, as the new vice chairman of the Federal Reserve, Stanley Fischer, who said the first objective of central banks at the moment must be to try to restore economic growth.
        “The central message of Fischer’s speech — that central bankers and governments should try even harder than they have in the past five years to support economic growth — was closely echoed by Mark Carney, the governor of the Bank of England, at his quarterly press conference two days later.

        This consistency should not be surprising: Carney was Fischer’s student at the Massachusetts Institute of Technology in the 1970s — as, even more significant, was Mario Draghi, president of the European Central Bank. Because of Fischer’s influence on other central bankers, as well as his unparalleled combination of academic and official experience, he is probably now the world’s most influential economist.”
        Fischer with Israeli Prime Minister Benjamin Netanyahu

        Read between the lines: http://www.usagold.com/cpmforum/2014/08/16/stanley-fischer-speaks-out/

  6. RonMamita says:

    Governments’ Insolvency

    Created 2 Sept 2014

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