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The controlled media tells us that it is a symptom of corporate greed and an accidental occurrence.
The truth is that recently released central bank cartel documents show that the entire global financial melt-down in a purposefully engineered consolidation.
The following is a transcript of an interview with award-winning investigative journalist Greg Palast in which Palast blows the IMF World Bank program of slavery wide open.
Because of the debt inflation pit they’ve created. GP: Yes, well, see one of the things that happened is that – we’ve got examples from, I’ve got inside documents recently from Argentina, the secret Argentine plan. This is signed by Jim Wolfensen, the president of the World Bank. By the way, just so you know, they are really upset with me that I’ve got the documents,
It’s not too difficult to understand that we are well on our way to a paradigm shift in America; in fact we’re in the midst of it right now.
The writing is on the wall and can no longer be ignored.
The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget.
We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money.
On Main Street, average Americans have seen their wealth decimated.
They’ve lost millions of jobs and homes over the course of the last five years.
And if recent reports are any indication, the destruction of the middle class will continue unabated for years to come.
The resulting effect is a vicious negative feedback loop that continues to build upon itself.
Americans no longer have money (or credit) to spend to prop up the economy, thus more jobs will be lost, leading to more people requiring government assistance for everything from food to shelter.
Indications are that the second quarter 2015 will also have negative GDP growth, that is, a further decline.
As John Williams (shadowstats.com) is likely correct that there has been no recovery from the prior recession, just bottom bouncing with stock and bond markets driven by the Fed’s outpouring of liquidity, the first half of 2015 will signal a second downturn in the US economy which is collapsing as a result of jobs offshoring and a deregulated financial system.
Travel Restrictions.
This will begin with restrictions on foreign travel, including suspension/removal of passports. (This has begun in a small way in both the EU and US.) Later, travel restrictions will be extended within the boundaries of countries (highway checkpoints, etc.) The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft.
This does not automatically mean that other assets, such as precious metals and real estate will also be confiscated.
It’s crunch time for Greece as IMF debt looms and bailout ends.
Puerto Rico announced it’s about to suffer the same fate and a new chart shows the U.S. is on the same debt path.
China has been quietly stockpiling gold for years now.
In fact, it is stockpiling so much gold that many have speculated that it may be building a gold-backed yuan currency that would make the Dollar pale in comparison on the global market.
Election 2016 Hillary Clinton Donald Trump. In terms of buying stores of goods to live on… canned goods, toilet paper, bottled water… the disruptions to the system here early on could be just as bad as an earthquake in terms of shutting down electricity so you can’t pump gasoline, or getting distribution channels disrupted to grocery stores so that you can’t get food.
California anticipating a potential earthquake.
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About time! I’m going to take over!
This article is like a brown paper bag where he just throws any and all assorted clippings with bad news in it and shakes it up. Even so, you had me when the guy said that “they’re really upset I’ve got the docs”. That gives what he says some actual credibility, which is, frankly, a refreshing change for BIN… Although we’re *always* hearing “doom and gloom” stuff lately, that doesn’t ever pan out, now, really is (IMHO) different.
“US is on brink of collapse!”
Ron Paul……1990, 2001, 2015
Boom/bust is the normal cycle of capitalism.
If you don’t like it, get a new economic system.
When Ron Paul voted with the herd to attack Aghanistan (knowing the Taliban offered 3 times to hand over bin Laden to
a neutral nation for trial, if shown, as required by both international and US law, evidence), he also voted to fund this war, which has not yet ended and has cost a trillion dollars, contributing to the economic collapse in 2008 and the next one. The US pays 200 billion a year in debt repayment to the banks (which is why they love war), more than the entire Chinese defense budget and nearly 3 times more than Russia’s.
AT the same time, Paul refused to cut tax breaks and subsidies to banks, energy, big ag, big pharma, and the military industrial complex, because he argued that would be the same as a tax hike, which he was against. The trillions in tax breaks, subsidies, government contracts for unneeded weapons (the F-35 will cost 1.5 trillion, $15,000 per household), and debt repayment, is also responsible for the coming collapse, which Paul (and now is son) preached against and voted for.
Rand Paul said the defense budget was making the country go bankrupt, but he is currently sponsoring a bill to raise defense spending by 190 billion over the next 2 years. He also things subsidies to big corporations cannot be ended because that would be like a “tax hike.”
I predict a collapse is coming, as it has periodically for hundreds of years. Woowoo!!!!!!
Ron Paul is an elitist just like the very people he accuses. He is racist and a demagogue. And he worships a crazy Russian lady who thought that Christianity was a cop out for “weak” people. In this film take a good hear at how he describes the difference between the rich elites like himself and the “poor” working class people who *may* not be able to retire. Even thought it is the “poor” workers who pay for Social Security through payroll taxes.
Don’t listen to this seditious traitor of the United States.
Please get facts straight. U.s. owes over 18 trillion not a laughable 4.4. How old are the facts you present here?
Also, Canada’s debt to gdp is NOT 86% as you claim. It is currently (July 2015) between 40 and 50%. We have weathered this ongoing recession precisely because our debt is so much lower thereby giving us more room to manouver
Re; Ron Paul Warning To America – U.S. On The Brink Of Collapse.
Does any one remember that Ron Paul, is a part of the Long Running History Of Trash in DC. Who put us in the situation we are in, [so really why would any one pay attention to that Monkey or to his Drop-ling Son who is running on the same crap of ignore that he is a part of the problem and pretend that he is the solution].
I mean really what kind of Stupid Trash would IGNORE THE PAST OF THE TRASH WHO PUT US HERE AND VOTE FOR THEM AGAIN, the Answer is Stupid American Monkeys Clearly, (Voting for these People who have Trashed this Nation is about the same as Letting Barney Frank Baby Set Your Little Son). (Trapper).