Game Over: Total Collapse Is Imminent
September 28, 2013
America, while you slept, your country was stolen from you. Your country was absconded by all the political misfits and corporate criminals that the disenfranchised former Republicans and Democrats have been trying to warn you about during the last several years.
How Did We Get Here?
Laws, originating out of New Deal legislation, written in response to the Great Depression, provided some measure of protection for the American financial system from the unsavory forces which led to its initial demise in 1929. In 2008, corporate greed, governmental corruption and a populace who was asleep at the wheel, has succeeded in achieving what historians will someday label the “Greatest Depression of 2013-2014.” History will also show that the destruction of the late, great American economy was entirely self-inflicted.
Why the US Economy Is Irreversibly Damaged
If Americans knew their history, then we would be cognizant of the fact that one of the prime causes of the Great Depression was due to stock investors buying shares on margin (i.e., loans). Glass Steagall Act protected Americans from this shady practice by separating commercial banking from this investment practice of stockbrokers. However, with one stroke of his New World Order pen, Bill Clinton’s repeal of the Glass-Steagall act opened the flood gates for the domestic AND foreign infusion of bad credit into both our stock market and banking system. Consequently, both industries stand in the midst of a total and complete economic collapse in what is quickly becoming known as the most massive wealth transfer in world history.
On September 30, 1999 , Fannie Mae and Freddie Mac sought governmental permission to “relax” (i.e., break) the prudent governmental regulations on sound lending practices and begin to make loans to individuals who were not credit worthy. This spelled the death of the mortgage industry as we once knew it and the housing market was collapsed.
The Uptick Rule once prevented companies from crashing due to large scale shorting of company stock. A company’s stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before engaging in shorting. The Uptick Rule was retired in 2007 and the rest, as they say, is history. The elimination of the Uptick Rule is like going to a basketball game and not being able to see the scoreboard. Who’s ahead, who’s behind? Nobody knows but “Ladies and Gentlemen, place your bets!” What is your stock portfolio worth? Who knows? Who cares? Somebody wealthy is getting wealthier at your expense and you and your middle class investors are none the wiser.
The rapid increase in the price of fuel during the last several years is a good example of the destructive nature of the derivative market. Most of the price gouging which resulted in unprecedented increases in gas prices, and record oil company profits, was due to speculation in futures especially by Goldman Sachs which just happens to be former Treasury Secretary’s Henry Paulson’s old company. Paulson oversaw the first bailouts as a result of the derivatives market. Today the derivatives market has collapsed and the collapse has pulled our entire economy along with it. The Federal Reserve is temporarily keeping the economy barely afloat by printing massive sums of money, but that part is almost over.
Why America Can Never Recover
Derivatives are not stocks or bonds or anything of tangible value. The value of a derivative is technically viewed as “anticipated future value.” Therefore, derivatives have no real value. However, a derivatives transaction must have the backing of a financial institution such as a brokerage or a bank. The assets used to back up and collateralize the worthless derivatives are real and substantial. When the derivatives market crashed, it took down hard assets of tangible value. In effect, the economy had stupidly used something backing nothing and the something is now in the total control of the central bankers. To cover the losses of the “too-big-to-fail” entities, the bailouts were initiated in what constituted the largest wealth transfer in world history.
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Whistler Blowers, Insiders
What happens if people just take it all back? There are not enough of them and all they really have is a peice of paper that is worth the paper it is written on. Possession is 9/10ths of the law. After all the morgage backed securities were all purchased with money created out of thin and has no real or constitutional value.
I have heard of our economy collapsing since 1958. This must be an extremely slow process.
mitch51 In the poster, is it you on the right? Or in the center?
when are we gonna stop kidding ourselves..
the defination of fascism is when a govm’t serves corporations..
the monsanto protection act..what else you need..??
ok,, to-big-to-fail.. what part of capitalism is that..?? ( well, it’s capitalism basicly ,, with a little commy-social mixed in just-in-case we need it )
i like to know ,, how could capitalism ever keep from going to the dark side.. cut throat vs slush fund..
The Monsanto Protection Act died. Go back to sleep.
http://www.huffingtonpost.com/2013/09/24/monsanto-protection-act-expire_n_3985673.html
Huffington Post? Are you effing kidding? May as well say “President Obama told me…”
Faceplate fail.
We need to educate ourselves more about the history of the Federal Reserve, fractional reserve banking, and exactly how the derivative market works. I have long believed that banks have been stealing from people. It seems as if one can’t escape debt now. I believe that all American citizens, and developing nations, should have their debts wiped clean, forgiven, jubilees.
It seems like the 2-party system is in truth a 1-party system. One party argues for change, then is elected, and carries on the same policies of the former administration. All these culture wars, such as abortion, are just methods of keeping the citizens hating each other, while big money goes in for the true kill.
Good article. forgot to include that Saint Bill Clinton, who dismantled the Glass-Stiegel Act, also signed NAFTA, which so many jobs over
to Asia, only to enslave their citizens to the almighty dollar and make a killing for the 1%.
“We need to educate ourselves more about the history of the Federal Reserve, fractional reserve banking, and exactly how the derivative market works”
Nope :
Education is over, time to grow some balls and to stop acting like sheep or else the farmer will win every time.
We can take action now or wait for things to get worse but sooner or later maths says we take action regardless of what the candles on the NAS says.
If no one borrowed money from banks, they would only be safekeepers. Fractional banking works because people borrow from the world.
Better to work, pay down debt, save (particularly for your accounts in heaven where moth and rust do not corrupt and thieves do not break through to steal), and then invest in equities.
Gold is obviously better than paper in this world. But make sure you have an account with the Bank of God. Buy from me gold says Jesus in Revelation. This is eternal gold.
And if we had political leaders with guts, they would tell the usurers (e.g. Rothschilds, Rockefellers and others hiding in the shadows) that we are tendering payment of US Treasury debt from the Bank of God, which has infinite wealth. Gold and precious jewels beyond compare. And those accepting such payment shall be shown mercy.
And those that don’t? They can come themselves and prove they are real parties in interest and holders in due course if they want their mere mammon that shall burn in the eternal fire.
Insist on the year of release Moses commanded each 7 years in Deuteronomy 15. And see Luke 16 for example of mercy shown on a dishonest steward that nonetheless showed mercy on the Master’s servants. The wrath is for those themselves bailed out to the order of billions who then strange those owing mere thousands as stated in Matthew 18.
Our leaders have been kicking the can down the road… no one being willing to be responsible for taking the necessary steps to stop our insane overspending. So we now have “134 Trillion Dollars” in debt and unfunded obligations, which is unrecoverable. We are adding to our debt over 3 Billion Dollars a day! This WILL cause our entire system to completely collapse within just a few years (or possibly months). And because we have been putting off the suffering, when it does crash, it is going to be “very painful.” It’s coming folks! Better get prepared! You will need guns, ammo, gold, water, land, food… It’s no longer a matter of “if.” It’s now “when.”
The national debt is a fraud. What have they lent us that we haven’t printed up for ourselves? Why do we give these scraps of paper to the Federal Reserve to lend to us at huge amounts of interest plus the principal, all of which was created out of thin air. That is plain and simple fraud and if we let these criminals continue to enslave us to this ‘debt’ then it is our fault.
The Continental Congress printed up its own interest-free notes, over which the War of Independence started. Abraham Lincoln printed his own interest-free Greenbacks, for which the banksters killed him. JFK contemplated doing the same and so they killed him because with our own interest-free money we would be free.
Let’s eliminate all the banksters and those who support them (mafia), temporarily print and regulate our own money, and work back toward a system of honest money (honest labor) of gold and silver. Article 1, Section 10 of the constitution for the United States of America mandates that no State shall make anything but gold and silver coin a tender in payment of debt. How about if we force them to return to obeying the law or treat them as the traitors that they are?
How about if we recognize all of this debt to be a fraud and insist that the banksters return all that they have stolen. Those in Congress found to have aided in this war against Americans deserve to be hung.
I too have heard these end of the world rumors since 1960. It must be a slow acting virus of some sort….
Yes, because Rome was built in a day.
We’re softer than the Pillsbury Dough Boy. I’ve read several comments and no one believes govt is gonna kill us. We are the stupidest nation in the world. Only last week the FHA was taking a bailout to avoid bankruptcy — no one asked my permission. When govt does what they want to the detriment of American citizens then it means we are already enslaved. Wake up, we have NO SAY in any decisions being made by govt. Sometimes when we yell loud enough they concede defeat or stall on a bill but behind the scenes it continues. As citizens we constantly take our eye off the enemy, not a good thing to do.
Hodges is waking me up to the next level. It’s no longer about when will the economy collapse, it is what do you do when govt comes to kill you? How do we fight back. I’m realizing I don’t own “night fighting clothes” and all weather lightweight boots, or black hood for guerrilla warfare. My weapons are a 22 calibur and shotgun. I do not feel comfortable with these types of weapons as they are not powerful enough and are not automatic.
I think guerrilla warfare will be our only option after the crash coming soon. First, we have to make it through the rioting and marauding gangs. I think if you see them coming leave your home and attack from behind from a safe distance – anyone approaching your house should get whacked.
It’s good to be waking up, though hodges doesn’t say anything about the jew. It’s the jew -and their many lackeys. People have to know who they are, they’ve been doing terrible deeds for thousands of years. It’s a long time in the making. Reach beyond hodges stuff plus then you can educate people. Here’s a keeper, there’s a lot more on the web but suggest this one because it’s fairly good summary http://www.stevenakins.weebly.com and read lists at thezog.wordpress.com Your comment’s strong, we need to be strong. We have options, we can quit buying things, turn off tv, grow food and quit voting, that’s a good start.
Two important events not mentioned are Woodrow Wilson signing The Federal Reserve Act in 1913 and Nixon taking us off the gold standard in 1971 for which he was lauded. Just shows to go how long we’ve been asleep. We are up the creek without a paddle now. Don’t believe ANYTHING they tell you.
Depressions are contractions in response to prior monetary expansions. In early American Colonies gold and silver were money. Some of the Colonial governments tried issuing scrip, paper money promising to later be paid in gold, in order to finance what they could not pay for currently. The result was economic expansion as the new money was spent, but this drove up prices and at higher prices the money bought less, so economic contraction followed only to be compounded by redeeming the scrip in gold if they didn’t first default on the promise to redeem it in gold.
In 1913 the Federal Reserve Act was passed which made the creation of money by banks a more efficient scheme. But gold still circulated as money. By 1929 the Federal Reserve system had greatly expanded the money supply fueling a boom, but as prices rose and debt repayment dragged down the economy a bust followed. People demanded repayment of their bank deposits in gold (bank runs), but the banks did not have sufficient gold so they defaulted and people were left with worthless bank deposits. Instead of ending this fraudulent system, Roosevelt made gold illegal so that you couldn’t demand gold for your paper money or bank account. They left federal reserve notes and silver as money until 1964 when silver was removed from circulation as money, leaving only federal reserve debts (Federal Reserve Notes) and some debased coins circulating as money.
The banking system since the 1929 collapse has greatly expanded the money supply by creating checking account balances out of thin air and loaning them into circulation. This produced constant price increases (lowering the value of money) and huge debt levels which finally crushed the economy finally overwhelming it around 2007.
What causes depressions is prior monetary expansions and the associated dislocations in economic activity and the huge debt levels that result from the system where money is created at banks and loaned out at interest. This system exists because bankers pushed for the legislation that gave them this prized economic position that allows them to fleece the public. Depressions are the eventual side effect of this funny money system. A skewed distribution of wealth where the public is left with nothing and the financial institutions have all the wealth is another consequence of this system.
There is a reason that the Constitution provides for Congress to coin money and prohibits States from making anything but gold and silver coins legal tender. Of course government ignores the Constitution to benefit their friends so what good has it done us?
Does anybody on here realize that we had a 100 year contract with the Federal reserve, and that contract is up this year. We the people can actually NOT renew that contract.
I heard the same thing but read post on how traitor government gave the jew usury fed perpetual right to rip us off, unless congress revokes, which they won’t because they are thieves who work for the jew http://www.realistnews.net/Thread-so-did-the-federal-reserve-give-themsleves-another-100-year-contract
fed run by the jew same as everything http://www.thezog.wordpress.com
Bet one of their fakery plans is they act like they take out bankers/fed, another acting job to pretend the senate congress traitors are good guys or like that solves anything. That wouldn’t do anything about their murderous chemtrails, elf/haarp, their years of immigration swarm communism, their drones, nsa, monsanto, all the frauds in media. This collapse and destruction is way more than just bankers. We should have known about the fed and jew world order sooner, but at least we can know now and tell people. The jews, the senate congress, state senate congress liars, media, bankers, big global company owners they ALL belong in jail. No more leaders.
Had your country decided to follow the simple and common sense rule that JFK tried to set up, whereby you create your own currency, with a government central bank, you would not be in this position. However, because of this idea and a few other things he was assassinated. Hence you kept on borrowing from that privately owned bank called the Federal Reserve.
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If the collapse is coming, be prepared for civil unrest.
We’ll be watching on the news.. in the hope that our United Kingdom of corporate puppets follows suit and we over throw our government too
take care everyone…
When Amerika defaults on our debt to China, then China can declare imminent domain and take what is left after earth changes(polar flip, new Madrid fault unwind, both coast hammered by flooding and storms) and what ever else the luciferian illuminated ones have in store for us. This is no joke, accept Christ as your Lord and Savior or get ready to meet FEMA and their guillotines, if you live that long. One day the grid will go down for good, banking and surviving will be much harder than any preppers worst case scenario. The lucky ones will die quickly.