I have said that the IMF and the United Nations are enemies to our financial freedom for ages. It’s no secret that these organizations seek to “unite” the globe under one global currency. The issue with this of course is the currency would not be market selected, it would have no value, and it would be backed only by policy — all of that translates to “worthless”.
The idea of replacing one fiat currency with another fiat currency that can and will be printed at will by global banksters will result in economic disaster the likes of which we have never seen. Ron Paul is now bringing light to the situation on the campaign trail. This is possibly the most important issue we face.
Global elite banksters JP Morgan have made sure to cover their collective asses from any sort of pending backlash. How you ask? They have invested in the police:
JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple.
So incase there was any doubt (which there shouldn’t have been) the global elite are primed and ready to have you suppressed in the event you attempt to run on your money. Government and global elite banksters are one in the same and now they have secured the protection of New York’s police force. While people “occupy” Wall Street these people are positioning themselves.
Stop foolishly attempting to occupy and begin to get to the root of the problem — the state. Opt out. Forget ending the Fed, stop using Federal Reserve paper! What good is their money if hundreds of thousands of people stop using it? Stop fighting the oppression and ignore it.
How about these apples? Looks like the Dow is ready to tank but alas it will not. I assume at some point they (the advisory board) will call a cease trading and stop the bleeding. Just enough time for the global elite (and those with enough capital to get in) to buy up at low prices before they inflate the price of the notes again.
Honestly though, even though this may be a ploy it does represent the hostility in the market. Get out of bonds today if you can. If you are holding government notes sell sell sell before they literally are not worth the paper they are printed on.
As expected the $4 per gallon gas spike is fast approaching. I snapped this picture last night when I filled up. News coming out of Sudan means more shock to the global market. News coming out of the middle east means more supply shock.
Frustrated yet? It’s like trying to buy oil with sand. People feel it, now they must understand it.
I like to make predictions. I feel comfortable at this time, after reading the latest figures from the PIIGS (Portugal, Italy, Ireland, Greece, Spain) to predict the economic collapse of the Euro and European Union. Here’s the breakdown.
Portugal will begin to collapse by the summer. A bailout for something like 70 billion euros will likely be handed over but the damage at that point will already be done. The bailout will only temporarily stop the bleeding. Portugal will remain a toxic debt hole. Unfortunately as I am Portuguese.
Spain will come next, and this is the big one. They will need a bailout. The problem is Spain will need something twice the size of Portugal. The euro will continue to decline. If the bailout is given Europe will feel the shock. These figures and methods are not sustainable. The inflation of the Euro along with the political unrest from citizens who will feel the shock will bring a great instability to the country.
The European Central Bank will not abandon their fiat money scheme because a commodity based currency will not let them fund their world conquest budgets and social programs. Why? Because you can’t inflate gold and silver. The price of oil will spike beyond anything seen before. Not because oil has become more expensive but because the money they are using to buy the oil is now worth less and less. Imagine trying to buy oil with lint… you would need a lot of lint, haha.
Europe will have no choice but to eventually abandon the Euro and the European Union will disband. The countries who wish to survive will bring their own money back to existence and attempt to rebuild. The social impact will be intense.
Where I remain unsure is the impact here in the States. While I have called for the dollar collapse for some time I can’t give a time frame. Europe is in a lot of trouble. Right now much more than the US. If Europe does collapse the US will suffer greatly. What I do think will happen is the toxic debt will be sold at discount. That is the point where countries with better economies can and will come in to buy it up.
At this point many countries will in theory own other countries. China could and will theoretically buy up entire countries on paper of course. These actions from an investment standpoint are brilliant. China has its own currency issues but they are nearing gold standard levels of gold reserves. Something like $6B until they have enough gold reserves to cover every yuan? If China turns on a gold standard you might as well kill yourself haha! What good are your weak little slivers of cotton?
Much remains to be seen in terms of the US but Europe is headed for disaster. If Portugal receives the bailout I have no doubt the chain-reaction will pan out close to what I’ve said above. If you are in the Euro for investment get out now!
Greece is already a debt hole, nothing more can be said. It will eventually collapse completely. Same goes for Ireland. Things don’t look good here people. Keep an eye on Europe. Don’t say I didn’t warn you! Hang in there and enjoy the ride.
I found a great website tonight thanks to a comment on Economic Policy Journal. The website is called Economics and Liberty and I am already in love. Read everything on the site!
One specific article deals with money, and anyone who reads this site knows I love to talk about the concept of medium of exchange. The author does a fantastic job explaining the function of money, the value, and other determining factors.
Money is primarily a medium of exchange or means of exchange. It is a way for a person to trade what he has for what he wants. Ideal money has three critical characteristics: it acts as a medium of exchange; it is an economic good; and it is a means of economic calculation.
Just as I said here, silver rebounded today in light of the UN declaring war on Libya. Yes I said declaring war. That’s the proper term for a group of thugs who funded a dictator now making it illegal to fly over the area.
Today gold and silver took a bit of a hit. Nothing major but I have had a few people come to me and second guess my advice to go long on these commodities. My short answer is don’t stress it.
The small decline is completely expected. The Japanese quake coupled with recent FOMC attempts to calm the fear consumers have in the market could be a reason these commodities dropped. Rest assured when Japan starts to sell (try and sell) US securities, gold and silver will boom beyond anything we’ve seen.
My advice, stay invested. Some days chicken, some days feathers.
Today the FOMC met and once again left interest rates unchanged reports the BBC:
The Federal Reserve has signalled no change to US interest rates, which will remain near zero.
The Fed also said it would continue with a $600bn (£375bn) Treasury bond-purchase plan to strengthen the US economy.
Once again the Federal Reserve proves why it is the greatest threat to the country. Leaving interest rates unchanged means the wrong signals are sent to the market. Of course anyone who understands sound economics knows that the Fed manipulating the interest rate (saving indicator) is one of the causes to the recession we are currently facing. Interest rates must be determined by the market based on savings. Any manipulation sends incorrect signals into the market which leads to malinvestment based on incorrect/manipulated information.
And finally the bond buy back that is QE2… nothing but disaster looming. More money being borrowed and printed will spike inflation. Luckily right now the bank is hoarding the newly printed money as reserves — however it will eventually hit the market and that is the disaster waiting to happen.
I’ll let the wonderful @FakeBernanke close this one out.
We have all been watching the devastating aftermath of the Japanese tsunami and earthquake. The unforgiving wave claimed an undetermined amount of lives and property. It will take years to rebuild the areas affected. Of course it may take longer considering the serious economic turmoil present in Japan.
Economic turmoil takes on a life of its own. Sometimes, especially to the untrained eye, it’s hard to notice or see serious economic issues rising. Often times it is “felt” long before it is discussed. Unlike an earthquake or tidal wave which brings immediate destruction, an economic wave of inflation, unemployment, and boom bust cycles lie dormant waiting to break down the proverbial door. When an economic tidal wave crashes through a market jobs vanish, prices increase, cost of living rises which then drops the standard of living. Lives are effected in ways people don’t even understand.
These financial tsunamis have a few causes however they are generally set forth by central banks, corrupt banksters, and government officials. When the public cries out for help or cries out in rage these same crooks explain (in their own way) that the fix to the problem is more of the problem, they disguise it in big words, confusing lingo, etc. The result is a band-aid which doesn’t heal the cut. To move this over, if they were in charge of Japan – their fix would be to find a way to set off another earthquake and bring on another tsunami.
My question is how long until a real economic tidal wave hits the United States? We are already seeing signs. You feel it at the pump, at the grocery store, at school, work, etc. You “feel” it. You might not see the wave but you know the flood is coming. The waters are starting to rise, and personally I feel they are already too high. This video from CSL Financial Group does a great job of explaining some important statistics currently brewing in our country. It is important you watch and listen. No, it’s crucial.
An Austrian school Anarcho-capitalist living in a Keynesian world. My questions, comments, and critiques. Insight and commentary on economics, politics, finance, trends, consumer technology, startups, marketing, mobile and pop-culture.
