2013 Economic Collapse In Process: This Process Will Have Some Surprises, It Wont Be A Total Fast Shut Down, Things Will Look A Little Like The 2008 Crisis, With Only Half Of People Paying Attention
When Hyperinflation begins…that’s when most folks will start to pay attention. I think we’ll be seeing huge chaotic signals in the markets by the end of 2013 (Q3 to Q4) but we might not see the actual hyperinflation begin until next year…
Is the Global Economy Slowly Falling Apart?
It’s conventional wisdom that the U.S. economy is steadily recovering from the recession, even if progress is slow and disappointing. But there’s also a widespread sense that long-term economic prospects are deteriorating all around the world. Young people can’t find jobs. Budgets keep being cut in both the public and the private sectors. And the projected increase in debt over the next decade figures to be a huge burden for the most highly developed economies. Political systems seem unable to cope with problems that ought to be fairly easy to solve, or at least contain. As the recent crisis in Cyprus demonstrates, a minor dislocation can become a threat to the entire global financial system overnight.
The U.S. is deeply troubled too. Deficits remain enormous, and the checks and balances of the political system have turned into a logjam. In a new book, David Stockman, President Ronald Reagan’s budget director, chronicles the relentless downward spiral of America’s political and financial systems. He concludes: “The future is bleak … When the latest bubble pops, there will be nothing to stop the collapse.”
This view may be extreme, but there’s hard evidence to substantiate the idea that the global economy is becoming more rickety. Although the developed world today is considerably richer overall than it was when Stockman worked in the Reagan Administration, creditworthiness has been steadily declining. The global supply of AAA-rated government bonds has shrunk by more than 60% since the financial crisis began. And while dozens of big U.S. corporations had top bond ratings 30 years ago, today that group has dwindled to four: Automatic Data Processing, Exxon Mobil, Johnson & Johnson and Microsoft….
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Economic Reality Finally Cracks Market Fervor
As evidence mounts that a midyear slowdown is taking place in the world economy, the next few days will offer a clearer glimpse of how that will impinge on policymaking and buoyant financial markets. - Suprise!Chinese and German Manufacturing Now Both Contracting
Systemic crisis 2013: with record stock exchange highs, the planet’s imminent plunge into recession
Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. Whilst some seem dictated by desperation or last chance solutions, others on the contrary bear witness to a real adaptation to the world’s current changes. And it’s no surprise that, in the first category, we find the “powers of the world before” which no longer have any real options.
Layout of the full article :
1. World recession in sight
2. The banks’ doubtful business
3. Tax haven all hell
4. Neo-protectionism between regional blocs
5. Emerging nations’ strategy in gold
6. The Fed’s last bullets
7. Euroland : national unity governments and the ECB to the rescue
8. High risk strategies
40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe
If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article.
The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe…
#1 Back in 1980, the U.S. national bebt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars…
#2 During Obama’s first term,the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
#4 If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
#5 The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
#6 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars. Today it is over 56 trillion dollars…
#7 According to the World Bank, U.S. GDP accounted for 31.8 percentof all global economic activity in 2001. That number dropped to 21.6 percent in 2011.
#8 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
#9 According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place.
#10 Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
#11 There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
#12 According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
#13 When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
#14 Back in 1985, our trade deficit with China was approximately 6million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
Read more at http://investmentwatchblog.com
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Whistler Blowers, Insiders
Why would the Fed and governments allow hyperinflation to occur? Wouldn’t it be simpler just to declare a crisis and change money systems BEFORE hyperinflation happens? In the past, the understanding of the money system dynamics were not nearly as good, there is a lot of new data that has been collected. That said, the true problem is one of morality and not following the cosmic law of gain and loss.
It’s all part of generating enough chaos to bring about a one world government, the one prophesied in Revelation. It also fits in nicely with the UN’s Agenda 21 and the principles described in the Georgia Guidestones that want a maximum world population of 500 million people. When fiat currencies collapse there could be as many as a billion deaths around the world. A good 90% of Americans, European, and Japanese will starve or die in the chaos that will follow. Countries that depend on buying food with US dollars will be hard hit too.
It’s obvious that the federal government is preparing for the collapse of the dollar. Homeland Security has ordered about 2 billion rounds of ammo. The federal government is buying up as much ammo as they can so gun owners can’t buy it. Homeland Security is also providing military equipment for police forces around the country.
Oh, they could do that. They could issue an executive order to begin coining our own credit-based debt-free money instead of borrowing from a private international central banking system. Ooops, wait a second, that has already been tried before and I believe JFK was made an example of for doing so. Have a nice day.
That’s how I see it as well… no hyperinflation.
However, what I see is a sudden and UNEXPECTED “monetary change” where everybody loses overnight… followed by a few weeks of chaos and many months of instability.
FOLLOWED BY WAR A FEW YEARS LATER.
When the US dollar gets replaced as the worlds reserve currency which is going to happen THen the USA will have hyperinflation. Your prices are too low compared to the rest of the world. You will catch up soon enough and then go higher. Its called the collapse of the middle class by design
It’s all part of the game. On the one hand it is possible the leaders don’t understand what is happening because, let’s face, most of them don’t have real world educations and experience. Their whole mindset is about getting power by deception and deal making, not running businesses properly or understanding economics. If they’ve had a Keynesian education, then they actually believe that spending and debt are good for the country and actually threaten runaway prosperity rather than economic collapse.
On the other hand, inflation can be seen as a way to pay off national debts. The US has used inflation to pay of past war debts and has been using inflation to pay for the welfare state.
Hyperinflation could allow a big chunk for that debt to be paid off, in a certain sense. There is evidence that the Fed and Treasury have run scenarios along these lines and might be planning to cause high inflation for a few months to a couple of years for this reason. The thing is that they couldn’t control it as well as they think and the overall economic damage and morale shock to the people would be far worse than they think. An obvious 10% inflation got Carter booted from office. 20% or more that might happen now might provoke real reform.
Lastly, The government can’t easily just come out and replace the dollar with something else. Currencies are usually hyperinflated to worthlessness before they are replaced with a new “sounder” currency which people are glad to accept, even though they don’t realize it is just more paper backed by nothing, and if it is backed by gold or whatever, it is still possible to inflate it.
“According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.”
There are a lot in Los Angeles too. I’ve been here my whole life, never seen anything like it. Many empty stores in shopping malls, prime street corners with empty storefronts, For Lease signs everywhere. Even in Beverly Hills. Restaurants and cafes going out of business too. Many people I know are looking for jobs; for those with jobs, work is slow
Same here in San Diego. A once popular local outlet mall is half empty. SoCal is one big powder keg with a fast approaching fuse.
Same again here. Downtown have more shuttered storefronts than active ones and in just these couple of blocks there are 4 vacant houses not counting the ones with for sale signs. There are for sale signs all over the place, not as many as two years ago, but I suspect that is because many houses are simply left vacant.
Not to be offensive, but the people in Detroit, Chicago, New York, D.C., Miami, Denver, and L.A. have basically allowed themselves to be cowed down in to these bad situations. I really don’t feel that sorry for you all living there. I moved away from the big cities to a small town specifically because the major cities are festering boils of inequality ready to explode, and when they do, good luck to you, because you won’t be very welcome to those of us who saw this coming.
And rural America does not suffer inequality problems? Oh please.
The masses do not see the culling coming. They will wonder the why when it happens. The rest of us must stick together to clean up the mess. The bad boys are coming to town. Were are the bad boys and we are coming to town, beep beep. Great song. Dave Bowie.
money is stupid, its all make believe, someone made it up and sold you all the thought until everyone started to think this is the way of life… stop believing in this stupid crap.
We’ve been in the 3rd Great Depression since 2007. If you don’t believe me, track the national food stamp usage increase rate. Once the corporations dropped the U.S. for cheap labor, the hand writing was on the wall. The Petro Dollar is going to fail just as wars will continue to increase. Pockets of prosperity in the U.S. will remain successful while the masses of the former middle class falling deeper into poverty. Once the major cities are thrown into chaos, small towns will be overthrown because nobody is left to protect them. Don’t be surprised when China invades by sea while the U.S. people are distracted fighting another Civil War. We are watching the fall of America.