Crisis Governance Covers Collapsing Currency
This article was written by Bob Livingston and originally published at Personal Liberty Digest / Alt-Market.com
The world is bound up in a paper money/credit explosion that can only end badly. What it really means is impoverishment for millions of people, most of whom are totally oblivious to the roaring undercurrent.
There is little wisdom in announcing an economic crash after the fact. Yet some people get upset that I continue with ongoing warnings of a coming financial “pandemic.” Seeing the probabilities before they happen is the only prediction that is worthwhile. Afterwards is merely reporting the obvious.
I warned my readers in my monthly newsletter, “The Bob Livingston Letter” www.boblivingstonletter.com (subscription required), months before the 2008 collapse occurred. I believe we are nearing another similar event that will be deeper than the last.
My findings are that the American people don’t believe that we can have economic collapse followed by economic and social chaos. They suffer from normalcy bias. We need to pay more attention to history of the United States and the world.
The U.S. dollar is progressively buying less and less. The middle class and savers are impoverished. I often use that word, “impoverishment,” because that is exactly what has happening for 100 years, ever since the beginning of the Federal Reserve Bank in 1913.
But the process of currency destruction is getting faster and faster. This always happens in the final stages. You would think that now almost everybody could see what’s happening.
I am wondering if all the crises — ISIS, Ebola, Ukraine, etc. — are simply providing cover for the economic shock progressing daily. The savings of the working class and the middle classes are being wiped out with a ruthlessness no revolution or foreign war could equal.
While there is an ongoing accumulation of hard assets by the few who know the nature of politics, governments and history, paper money is more and more in demand by the debtor class. The “value” of financial assets is far, far larger than the dollar value of the U.S. economy. As yet, no one seems to sense the risk.
Everyone believes such pervasive nonsense touted daily about the current state of the U.S. economic financial condition. The administration puts out a false unemployment figure and papers over the growing dependence on government, the loss of jobs, the expansion of the “part-time” job base and the stock market rising on nothing more than money printing and hot air.
I don’t care how smart the professional class is, it seems that the imbalances and contradictions of the U.S. dollar and the economy are beyond their grasp… or they are perpetually lying. The people did not learn from the last economic collapse and are trusting the same group of liars who lied to them before.
As a nation, we are suffering from something akin to attention deficit disorder and living in a world where fantasy is more real than reality. We are goaded on by none other than our illustrious Federal Reserve, the banksters, the moneyed elites, the political class and the purveyors of their propaganda, the mainstream media.
Let’s draw on this quote from Edmond Burke on the subject of national debt:
When a nation is deep in debt and knows no way out, when it spends itself into deeper debt and cannot stop, the monetary authority who is seen as all-knowing will be believed on his personal account. There is no other way to avoid panic and crisis in this state of things.
The person who really commands the credit flows is your master… the master of your material possessions, the master of your souls.
We have been in an orgy of financial alchemy called quantitative easing. It has constructed financial bubbles the likes of which the world has never known. The amount of money (credit) issued over the past dozen years far exceeds the entire amount of currency printed in the history of the United States form George Washington’s inauguration to 1980.
The nature of money or credit creation is that it must move at an ever-expanding pace because a sinking debt structure needs to move faster and faster in order to remain afloat. This mania of credit creation is difficult to comprehend because there has never been anything close to it to compare it with.
As currencies collapse, credit deteriorates, political institutions lose credibility, moral degeneracy is on public display and financial activity becomes feverish and of course, the poor and the middle class are further impoverished.
And as stated above, a common feature in the collapse and those before it is the bedazzlement of the smart and actually knowledgeable people, whistling past the graveyard, while the hangman adjusts the scaffold. All is a fantasy island where only a few discover that security has become a castle of dreams. How could it be otherwise when everyone believes that debt is wealth?
Paper money is debt! All financial assets are debt. What a hot air balloon waiting for one small pin.
Read more at Alt-Market.com:
http://alt-market.com/articles/2382-crisis-governance-covers-collapsing-currency
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).