From The Roaring Twenties To The Modern Financial Panic Bubbles Forever, Crashes Forever More Frequent, Bigger, Costlier, Deadlier SOMETHING WORSE THAN GREAT DEPRESSION COMING!

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PAUL CRAIG ROBERTS: U.S. A LAWLESS STATE, SOMETHING WORSE THAN GREAT DEPRESSION COMING!

Former Assistant Treasury Secretary Paul Craig Roberts says, “The country is not being run by the President. It is being run by spy agencies and private interest groups, Wall Street and military security complex . . .They run the country. The President is a puppet, a figurehead.” Dr. Roberts contends, “If you are a lawless state, which the United States is, it obeys no international law. It does not obey the Geneva Convention . . . It tortures people. It doesn’t obey the Constitution. It doesn’t obey anything. It does what it wants. . . . If you are a lawless state, you disguise yourself as a democracy.” Former President Jimmy Carter agrees. Just last week, Carter said, “The U.S. has no functioning democracy at this moment.” Why hasn’t the mainstream media picked up this astounding comment from a former Democratic President? Dr. Roberts says, “Five firms now own what used to be a large dispersed independent media. Nobody can open their mouth, they’d get fired. They have become a propaganda ministry for government and corporations.” Dr. Roberts goes on to say, “My prediction or expectation is by winter, the second downturn of the Great Recession will be in place. Unemployment will explode, more foreclosures are coming. It’s going to be worse than the Great Depression.” Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.

http://www.silverdoctors.com/paul-craig-roberts-u-s-a-lawless-state-something-worse-than-great-depression-coming/

$1,200 Trillion Derivatives Market Dwarfs World GDP

$1,200 Trillion Derivatives Market Dwarfs World GDP
John Rolls Submits: The Derivatives market was only 500 trillion in 2008 when it almost blew up in all our faces. Now it is 3 times that size, what a monster balloon! when it blows no one survives that has money in the banks or in the mattress. You better start investing in silver and gold which is real money not fiat. Financial hell is coming if you put your faith in the banks! .Yes it’s about capitalism but notice he also uses the politically incorrect word MORAL, no system of any type is worth using without basic ethical and moral principles as the basis of it. Needless to say, GREED runs this system and has for quite a while and unless and until honor and virtue replace it…the system will continue to increase unpayable debt and bring the economic system to a tragic and very messy ruin.

‘Bubbles Forever’ and stock crashes forever too

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Shiller captured the insanity of the dot-com 1990s in his best-seller, “Irrational Exuberance.” Now, his “Bubbles Forever” warns that “irrational exuberance” is back, as we dump bonds, chase yields, searching.

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‘Bubbles Forever’: irrational exuberance wants a ‘new, new normal’

Yes, bubbles are forever, bouncing around our brains. Until the next crash. Then, denial, our brain hibernates … erasing the pain, losses … memory’s suppressed … the next bubble mania heats up … like now, a new virus spreads, metastasizing … feasting on bullish market news, short-term profits … a new addiction, disease, virus takes over the brain … exploding into a neurological social-media experience … consuming America’s collective brain … slowly climbing a new wall of worry … building to a new critical mass, a new flash point, then ignition.

The ‘90s dot-com mania was irrational exuberance run amok. American investors created a grand collective delusion of a perpetual New Economy, a new reality where it seemed reasonable for 19 high-tech funds to return 100% to 365% in 1999, where your barber’s stock tips seemed reasonable, where the neighborhood barbecue was where we shared our reasonable plans to retire millionaires soon, in the New Millennium.

‘Crashes Forever’ too … more frequent, bigger, costlier, deadlier

But their “forever bubble” exploded fast in the New Millennium. Shocked Americans settled into a painful 30-month recession as Wall Street lost $8 trillion market cap of Main Street’s retirement nest eggs. That same scenario repeated again in the bank credit meltdown of 2007-2009. And today we’re moving headlong into the third shocker of the 21st century. Oblivious that history is repeating, lessons not learned, no wonder we’re baffled.

As with “Irrational Exuberance,” Shiller’s “Bubbles Forever” looks beyond our 24/7 short-term mental trap. He was in Colombia, South America, recently: “People there told me about an ongoing real-estate bubble … Colombia’s central bank maintains a home-price index for three main cities — Bogotá, Medellín, and Cali. The index has risen 69% in real (inflation-adjusted) terms since 2004, with most of the increase coming after 2007.”

That growth rate reminded him of America’s accelerating growth a few years earlier when the S&P/Case-Shiller Ten-City Home Price Index shot up 131% from a 1997 bottom to its peak in 2006, before the bottom collapsed. It’s repeating across the world.

‘Biggest bubble in history’ was visible years before 2008 meltdown

The warning signs began years earlier in our rally leading up to a 2008 crash. Investors slowly climbed the wall of worry as media and market bulls cheered every new record. The warnings were everywhere. But the bulls snorted louder. And our minds were obviously more receptive to the bulls.

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http://www.marketwatch.com/story/bubbles-forever-and-stock-crashes-forever-too-2013-07-27

Who Controls The Global Economy? Do Not Underestimate The Power Of The Big Banks

Are the big banks really as powerful as some people say that they are?  Do they really control the global economy?  If y0u asked most people, they would tell you that governments control the global economy.  But the campaigns of our politicians are funded by the ultra-wealthy, the big banks and the large corporations that they control.  Others would tell you that the Federal Reserve and the rest of the central banks around the world control the global economy.  But the truth is that the Federal Reserve was established by the bankers and for the benefit of the bankers.  As you will see below, at the very core of the global economy there exists a “super-entity” of financial institutions that control an almost unimaginable amount of wealth and power.  These financial institutions and the ultra-wealthy individuals behind them are really the ones that are pulling all the strings.  In this world money equals power, and the borrower is the servant of the lender.  When you follow the pyramid all the way to the top, it begins to become very clear who really is in control.

Read more at http://investmentwatchblog.com