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Peter Schiff: Economy Stuck In Serious Recession And America Is On The Brink Of A Global Financial War. Major Sell-Off Coming
Peter Schiff: Economy ‘Stuck in Serious Recession’
Officially, the last recession ended in June 2009. But Peter Schiff, CEO of Euro Pacific Capital, doesn’t see it that way.
And he thinks Wednesday’s gross domestic product (GDP) report, which shows the economy contracted 0.1 percent in the fourth quarter, backs him up.
“The weaker-than-expected GDP report shows just how out of touch most professional economists remain with respect to the fundamental weakness of the U.S. economy,” Schiff says in a statement.
“After more than four years of nearly never-ending monetary stimulus and more than $5 trillion worth of new federal debt, the economy remains stuck in a serious recession. The report shows that federal stimulus and deficit spending can’t create sustainable economic growth.”
Think the Obama Recovery was bad? Just wait until the Obama Recession!
And this “financial war” is a battle America isn’t prepared to win.
Rickards believes that as this conflict escalates, it will “cause oil to skyrocket above $190 a barrel, gold to surge to $3,000 an ounce, and, in its aftermath, it could completely decimate the wealth of millions.”
Rickards’ assessment is not one to be taken lightly. The first two “financial wars” he refers to in the interview led to World War II and the economic stagflation of the late 1970s.
And unfortunately, Rickards isn’t alone in his assessment.
MSN Money commented, “The end game for all this . . . is higher inflation combined with economic stagnation,” and The Financial Times reported that “Japan may have fired the first shot.”
The Voice of Russia warned, “Russia is getting ready to defend itself in the global financial war which is going to break out in the near future.”…
Byron Wien’s Warning: Major Sell-Off Coming
Read more at http://investmentwatchblog.com
OBAMA REALLY GOT THIS COUNTRY IN TROUBLE
Shocking Numbers That Show The Media Is Lying To You About Unemployment In America
By Michael, on February 1st, 2013
Did you know that the percentage of the U.S. labor force that is employed has continually been falling since 2006 according to the Bureau of Labor Statistics? Did you know that the increase in the number of Americans “not in the labor force” during Barack Obama’s first four years in the White House was more than three times greater than the increase in the number of Americans “not in the labor force” during the entire decade of the 1980s? The mainstream media would have us believe that 157,000 jobs were added to the U.S. economy in January. Based on that news, the Dow broke the 14,000 barrier for the first time since October 2007. But if you actually look at the “non-seasonally adjusted” numbers, the number of Americans with a job actually decreased by 1,446,000 between December and January. But nowhere in the mainstream media did you hear that the U.S. economy lost more than 1.4 million jobs between December and January. It is amazing the things that you can find out when you actually take the time to look at the hard numbers instead of just listening to the media spin. Back in 2007, more than 146 million Americans were employed. Today, only 141.6 million Americans are employed even though our population has grown steadily since then. When the government and the media tell you that we are in a “recovery” and that unemployment is lower than it was a couple of years ago, I encourage you to dig deeper. The truth is that even the government’s own numbers tell us that the percentage of the U.S. labor force that is employed continues to fall and that the U.S. economy is heading into a recession. The Obama administration and the media have been lying to you about unemployment and about the true condition of our economy. After you see the numbers that I have compiled in this article, I think that you will agree with me.
First of all, let’s take a look at the percentage of the civilian labor force that has been employed over the past several years. These numbers come directly from the Bureau of Labor Statistics. As you can see, this is a number that has been steadily falling since 2006…
2006: 63.1
2007: 63.0
2008: 62.2
2009: 59.3
2010: 58.5
2011: 58.4
In January, only 57.9 percent of the civilian labor force was employed.
Do the numbers above represent a positive trend or a negative trend?
Even a 2nd grader could answer that question.
So how in the world can the Obama administration and the mainstream media claim that the employment picture is getting better and that we are in a “recovery”?
But most Americans believe what they are told. It is almost as if we are in some kind of a “matrix” where reality is defined by the corporate-controlled propaganda that is relentlessly pumped into our brains.
The only way that the government has been able to show a declining unemployment rate is by dumping massive numbers of Americans into the “not in the labor force” category.
Just check out how the number of Americans “not in the labor force” has absolutely skyrocketed in recent years…
2006: 77,387,000
2007: 78,743,000
2008: 79,501,000
2009: 81,659,000
2010: 83,941,000
2011: 86,001,000
In January, there were supposedly 89,868,000 Americans that were at least 16 years of age that were not in the labor force.
That number has risen by more than 8 million since Barack Obama first entered the White House, and that is highly unusual, because the number of Americans “not in the labor force” only increased by 2,518,000 during the entire decade of the 1980s.
You sure can get the numbers to look more “favorable” if you pretend that millions upon millions of American workers simply “don’t want a job” any longer. The truth is that if the labor force participation rate was at the same level it was at when Barack Obama was first elected, the official unemployment rate would be well above 10 percent.
But that wouldn’t do at all, would it? 7.9 percent sounds so much nicer.
And of course even if you do have a job that does not mean that you are doing okay.
If you can believe it, in America today 41 percent of all workers make $20,000 a year or less.
To me, that is a mind blowing statistic. It would be incredibly challenging for anyone to live on $20,000 a year, much less try to support a family.
If you live in Washington D.C. or New York City and you have a “good job” working for the establishment, you may not realize it, but there are tens of millions of American families that are really hurting out there. According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income” at this point, and most of those people actually do have jobs.
For much more on the “working poor” in the United States, please see my previous article entitled “35 Statistics About The Working Poor In America That Will Blow Your Mind”.
If something is not done, the middle class will continue to disappear and poverty in America will continue to explode.
In a previous article, I noted that during Obama’s first term, the number of Americans on food stamps increased by an average of about 11,000 per day.
How bad do things have to get before people realize that we are living through a nightmare?
Sadly, most Americans still have faith in the system.
Well, he is right. The “Fed” is egging it on.
You are dealing with the ‘Monolithic’ society that ‘Opposes Mankind’. This is Called “Covet Means”. It is the known “Method of Warfare of the (incorporated) COVENS of AZAZEL, the PAPAL, ROYAL, & FEDERAL” who were the “Merchants and Money lenders at the Temple” of Babylon. They are on the opposing side of the War in Heaven and fight against mankind on behalf of their ‘god’ SET. Commonly called “Satan”. Covet Means is punishable by the Death Penalty under Common Law: “for being the known method of Premeditated Mass Murder of a Society”.
The ‘Federals’ are the Lesser Nobility who were given certain Latin Claims of Divine Rights by “Selene” (Elizabeth) and under Papal law are the “Lines” and “Degrees” (Canon 108) issued Rights and Privileges to gain their ‘fee due’ from the slave population. “Fe-Der-Al” is “Fee Due El” in the same way ‘Fi-du-ciary” is “Fee due Agent.”
“Azazel” was the Coven Name for Alexander Helios; so was “Massawa” the ‘great architect god’; “Baphomet” who created the COVEN CAESAR (“B.C.” is the Age of “Baphomet Caesar”) The Sumerian, Greeks, Egyptians and Romans had other names, a few are “Ra”, “Marduke”, “Apollo” and by promotion the Papal renamed him “Arch Angel Micha-el”. Rothschild has his own “Temple of Apollo” who is “Ra”. They created the CORPORATIONS under Latin Canon Law.
Covet Means is used by first removing legal tender, then dishonoring Acceptance laws pertaining to the Bills of Exchange (B.E.C.A.) By closing off the Accounts to public view, they deny people the ability to verify that the records of debt are correct ( this is what they did with the Security of the Person) Then by passing by-laws (Acts, Bills) that place the people in debt without the ability to pay they increase the ‘debt figure’. This allows them to increase the amount they are extracting from the nation; in essence they are writing increasingly larger checks to themselves in this manner, all of which the people pay for. This allows the use of ‘Force of Law’ for Seizures under claims of Default; the people can not prove that a ‘debt’ has been paid. That is what all these ‘debt collectors’ are about. The debt of the instruments I have traced all show they were discharged (payment received) AND THEN SOLD for another profit to the debt collector, who secularized and resold, then discharges and again sells that instrument. The instruments are not being canceled. Once they get to a certain point, these coven corporations start demanding cash only payments and this extracts the last of the cash reserves in the population. Having already inflated prices of goods and commodities that the people produced (fruits of our labors) then seizing them for their resale to the public for their profit; they have then placed necessary to life services and goods such as food outside of the price ability for the public. Starvation ensues. Then they collapse the society and turn off necessary to life services (ie electricity) which they are given control over, under the COMMERCE claims of “No profit received”.
By controlling all Wages, All Money systems & Banks and all records of Debt, All Merchant CORPORATIONS which we work for to provide goods and necessary to life services to our society, and All Law and its Enforcement via their CORPORATE governing and all of its Branches (ie incorporated JUSTICE DEPT., ‘F.B.I., HOMELAND SECURITY has a bona fide “Divine Powers” grant) As a group they could target what they Coveted then use various methods to seize it under color of ‘law’. Having altered those ‘laws’ to suit. “QE” stands for Queen Elizabeth’s Executive Orders, “1, 2, 3″. The Pope is already demanding cash only.
When I went to look for this history that backed all the original terms and expressions in our Charter (US Constitution) I found that the entire Coven Age, from 1600-1917 was rewritten and altered. This History and method was nearly the entire reason behind every law we passed in that Charter. “During the Age of The Babylonian Slave Queen Selene” they created “Commerce, Corporations & the 5 day work week, Covens / Religions, Money, Banking, Taxation on Man; as the specific slave system of “Selene.” As a reward for the enslavement of mankind, the ‘Incestuous Twin’, Pedophile of Babylon, was given a promotion and her name was altered to “Magda” (Most High)-lene.
This is a large company store system. Look at the “147 Corporations” that rule the world, and you will see their interconnectedness. This is what Rothschild did after the Cox committee caught it in 1952. As reward for protecting the Crown profit, he was awarded the Merit in 1953 and became ‘Sir’ Evelyn Rothschild.
This has to collapse. It is a slavery system. And only when you remove money and corporations will you actually be and feel free again. We didn’t use money. What the Bills of Exchange Act created by the Rothschilds did, was ‘remove a right’. You no longer had the right to extend credit and good will to each other. When we went to the store, we got necessities and extended credit, there was no cash or debit exchanges. When the grocer went to the farmers for produce, they were extended the same credit. All of us, in every business, did this. By restricting people to cash, and then removing (by non enforcement of) the legal right of Acceptance (UCC 3-409) they restrict and constrict our society and cut off access for the people to get food and necessary commodities to do our work with. This effectively collapses the society, because all the willing workers can not work without the goods, commodities, etc. necessary to preform their tasks. Farmers cant farm without their equipment and seed.
We are returning to Acceptance for Value. The system has to come down.