Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Sun Jan 22, 2006 2:07 pm Post subject: Collapse of U.S. Economy Imminent
In its attempt to establish a world empire dominating every nation on the planet, the U.S. has exhausted its ability to finance the expansion and the country now faces imminent financial collapse. From all indications, it looks like 2006 will spell the end for America.
Consider these five important points:
-Point #1 The U.S., Great Britain and Israel are preparing to attack Iran. As it appears the main reason for invading Iraq was to stop it from selling oil in Euros, likewise Iran has plans to dump the dollar come March 2006.
-Point #2 U.S. Treasury Secretary John Snow issued a warning recently that the U.S. Government is on the verge of collapse - as the statutory debt limit imposed by Congress of $8.184 trillion dollars would be reached in mid-February - the government would then be unable to continue its normal operations. Considering the current total U.S. debt stands at $8.162 trillion dollars, once the official debt ceiling ($8.184 trillion) is reached, the U.S. government’s credit abroad (its borrowing power) is gone. Those countries (mainly China) who presently keep America afloat by holding U.S. Treasury Notes, will most likely no longer continue doing so.
-Point #3 Bank Of America and Compass Bank managers (probably all other U.S. banks too) have been instructing their employees in the last few weeks on how to respond to customer demands in the event of a collapse of the U.S. economy - specifically telling the employees that only agents from the Department Of Homeland Security will have authority to decide what belongings customers may have from their safe deposit boxes - and that precious metals and other valuables will not be released to U.S. citizens. The bank employees have been strictly prohibited from revealing the banks’ new "guidelines" to anyone. (however, employees have been talking to friends and family)
The next time you visit your bank, ask them about it - then ask yourself, why is this information being kept secret from customers and the public - what’s really going on?
-Point #4 FEMA has activated and is currently staffing its vast network of empty internment camps with armed military personnel - unknown to most Americans, these large federal facilities are strategically positioned across the U.S. landscape to "manage" the population in the event of a "terrorist" attack, a civilian uprising, large-scale dissent ,or an insurrection against the government. Some of these razor-wired facilities have the capacity of detaining a million people.
-Point #5 The Patriot Act and the US Senate’s vote to ban habeas corpus (Nov 14th) - along with George W. Bush having signed executive orders giving him sole authority to impose martial law, suspend habeas corpus and ignore the Posse Comitatus Act, have together pretty much destroyed any notions of freedom and justice for Americans.
-Summary: The U.S. economy is broken, the United States is bankrupt - the unchecked spending by this administration, the illegally waged wars against Afghanistan and Iraq, the cost of unprecedented weapons and military build-up - have all contributed to an irreversible emergency which is threatening our nation’s existence and our very lives.
Hospitals are closing, major corporations are declaring bankruptcy and/or moving their companies overseas, the monopolized news media spews nothing but lies, and our fearless leaders have turned out to be only ruthless criminals hell-bent on destabilizing our country and robbing us all.
Be aware - we stand at the threshold of total ruin - the international bankers and war profiteers care little for our lives and families - these demons worship money and all things vile and evil - they have very much to gain from war, misery, disease, famine, chaos and death (our deaths).
We are right on the edge - the Treasury is already overextended - the U.S. government cannot (and will not) care for its own citizens’ needs, nor secure our borders against illegal aliens - plus, the whole "terrorist" thing is a cruel hoax perpetrated against a trusting citizenry - and only designed to instill fear and garner support for the genocide taking place in Iraq.
Should America (along with British & Israeli forces) launch a war against Iran, or another country, without yet paying for, or even recovering from the current losses in Iraq and elsewhere - the costs of such of an invasion will overwhelm an already crippled economy and push the U.S. over the edge into oblivion.
-Question: Considering the U.S. Treasury Notes that China currently holds (which keeps the U.S. economy going)...
Do you think China will continue to support a country’s economy (the U.S.) whose military launches a nuclear strike against its neighbor (Iran) - thus delivering a blanket of radioactive fallout over western Chinese provinces - killing hundreds of thousands, if not millions of its citizens?
I think not.
Factoring in the aforementioned points of "preparation" engineered by U.S. authorities, I’d say there’s a stinking rat in the woodpile ...can you smell it too?
Posted: Sun Jan 22, 2006 2:18 pm Post subject: Re: Collapse of U.S. Economy Imminent
Quote:
Bank Of America and Compass Bank managers (probably all other U.S. banks too) have been instructing their employees in the last few weeks on how to respond to customer demands in the event of a collapse of the U.S. economy - specifically telling the employees that only agents from the Department Of Homeland Security will have authority to decide what belongings customers may have from their safe deposit boxes - and that precious metals and other valuables will not be released to U.S. citizens.
This is almost certainly a hoax for several reasons. Bank employment is in the hundreds of thousands of people. If such instructions had been issued, lots of sources beyond bellacaio would be screaming about it. Also, 2006 is not 1933. Americans have big mortgages, SUVs, and credit card debt, there is no significant private ownership of gold outside the elite, who are not going to rob themselves. _________________ "The world is changed... I feel it in the water... I feel it in the earth... I smell it in the air... Much that once was, is lost..." - Galadriel
Posted: Sun Jan 22, 2006 2:25 pm Post subject: Re: Collapse of U.S. Economy Imminent
Man, i sure hope all you smart people out there will refute what is being said here, 'cause i know *i* sure ain't ready for this just yet....
Points 1 and 5 i can see happening. The validity of Points 2 and 3 should be able to be discerned fairly readily. I have a hard time swallowing Point 4.
Joined: Nov 24, 2005 Posts: 743 Location: The ever shrinking wilds of Norway
Posted: Sun Jan 22, 2006 2:30 pm Post subject: Re: Collapse of U.S. Economy Imminent
I don't think that the US will go down in 2006, but in 2007 or 2008. The bomb is ticking, but I think the strategic reserve will have to be empty before that happens. I don't think there will be any shortages of oil in 2006, and to me that day is the day when civilisation is lost. And things often tend to take a bit longer to unfold then at least I think.
But I am much more negative now than I was only two months ago. My former feeling of the situation was more like 10 years from now...
Posted: Sun Jan 22, 2006 2:38 pm Post subject: Re: Collapse of U.S. Economy Imminent
Well, this post is too far off...
Yes the USeconomy will crash, but it will take a decade. We will hyper inflate to this end by turning up the printing presses (curency).
The government knows it will happen but they are as prepared as we were on 9/11, and intel is about as good as wmd in Iraq or where is Bin Laden?
The US government is about as stupid as the president, all trailer trash, story tellers.
Forget about predictions, look at track records and history, that's enough to scare anyone...
While Iraqi resistance is chopping heads off, America was scalping American Indians.
The next few years will be interesting, but I think as we crash this massive cunsuming economy, air bags will be deployed, crush cuts in the body will rip, bumpers will fold, and seat belts will be strained.
The US dollar will be finished, and the next president will delare America bankrupt, the dollar dead, and everyone's mortage and credit cards PAID.
Maybe not, but a president will say this to get elected.
Joined: Oct 04, 2004 Posts: 2500 Location: Ye Olde Englande
Posted: Sun Jan 22, 2006 2:58 pm Post subject: Re: Collapse of U.S. Economy Imminent
I'd give that post a tiny bit of credibility if it had any sources.
Point 1- There will be no invasion of Iran this year unless of major new developments e.g a 9/11 scale event proved to be funded by Iran. It's well known the USA and UK can't afford another war and there is no political will for it.
Point 2- Where is the news report that quotes the Treasury Secretary as saying the economy is going to go belly up?
Point 3- What Microhydro said.
Point 4- Evidence please.
Point 5- Haven't seen that in the news as it was probably a minor story (If it's true) but once again, sources please. _________________ "The age of excess is over. The age of entropy has begun"
Posted: Sun Jan 22, 2006 3:07 pm Post subject: Re: Collapse of U.S. Economy Imminent
Yes I agree 3 and 4 are BS. As for #2, I have to ask: what exactly does happen when the debt limit is reached? Do they just increase it - again? Perhaps someone with a greater economic understanding can fill me in. Thanks.
Joined: Oct 23, 2005 Posts: 1850 Location: East of Eden
Posted: Sun Jan 22, 2006 3:29 pm Post subject: Re: Collapse of U.S. Economy Imminent
Okay, you had me for the first two points, but after that I started getting a strong image of you crouching in the corner, staring around wild-eyed and muttering. With a tin-foil hat on. And at the end you even ruined your first point by qualifying the possible attack on Iran as a 'nuclear strike.' Never ever happen.
Dude, give reading Ruppert and friends a break and take a few deep breaths. Spend your energy calmly and rationally preparing for Peak Oil and recession, not driving yourself crazy with stuff like this. Yes, the current administration is made up of stupid and arguably bad people. But there's a limit to what even they are capable of.
Deep breath. Deep breath. _________________ "If a path to the better there be, it begins with a full look at the worst." — Thomas Hardy
Posted: Sun Jan 22, 2006 3:35 pm Post subject: Re: Collapse of U.S. Economy Imminent
Quote:
Point 2- Where is the news report that quotes the Treasury Secretary as saying the economy is going to go belly up?
He said it. It got quite a bit of media attention here. But you have to place it in the right context. Bush doesn't want to have any debate on the national debt. So he will send in the request at the latest moment possible and hopes that congress approves it with as little debate possible. By presenting it as a national urgency he is trying to avoid debate. It is just a political game, nothing more.
About the US being on the verge of a collapse. Maybe maybe not. Predicting is hard especially if it concerns the future. If it really was that easy to predict economic events we all would be millionaires.
The facts are there, the deficits, the debt, the export situation etc. It is pretty hopeless. At the same time even I have to admit that the Americans, more than most nations in the world, have the capability of achieving the nearly impossible. So if any nation can get out of such a mess it is the USA.
But the clock is ticking. The question is, when they start feeling the urge to actually do something. And moreover will they get the bit of luck they need. If they are going to try to get the economy around they need a quiet period like they had in the 80's. Events like hurricanes, geopolitical problems and terrorist attacks could seriously upset those efforts. I mean, just imagine what a strong earthquake in Calif would do to the fragile economy at this moment.
So yes the situation is pretty disastrous, but the fat lady hasn't sung yet.
Joined: Sep 25, 2004 Posts: 4714 Location: Boston, MA
Posted: Sun Jan 22, 2006 3:46 pm Post subject: Re: Collapse of U.S. Economy Imminent
#1 Ok, could happen. But the United States does not import oil from Iran, Japan, China, and the EU do. Thus the US cannot invade the country without risking an international depression. Thus, they will not invade. I do expect some limited bombing campaigns or sanctions but little else.
#2 NONSENSE. Congress can raise the debt limit with 24-hours notice. It doesn't take much effort or debate. The effect of defaulting would be ending social security and medicare payments. That is nothing that would cause the "end of the USA".
Think of it this way. 8 trillion in debt on 12 trillion income (GDP) is a 67% debt to GDP ratio. Italy has a 100% debt to GDP ratio. It will take a while for the US to decline to the tent city/soup kitchen/starving masses debt level of Italy..
#3 Insanity. I personally know a few bank tellers. They aren't rich and they aren't willing to sign on to some grand conspiracy. If there's the run on the banks, the banks will lose all of their assets along with people who didn't get there in time. It's crazy to believe that the Banking Elite are willing to hire guards to shoot on unarmed civilians just trying to use an ATM.
The banks may run out of money and shut down for a while. But the DHS won't be able to control the country at that point.
#4 Ah yes, FEMA. FEMA did such a great job of installing martial law in the small, half empty city of New Orleans that I'm sure they could control the 300 million privately owned guns in the United States in a time of great turmoil. If FEMA with all federal resources behind it (and at a time of great prosperity in the USA) was unable to control a few hundred thousand poor N'Orleans folk...I don't think they would have a better chance of controlling New York, LA, Chicago, DC, Atlanta, Dallas, St. Louis, Detroit, Phoenix, Richmond, etc. at the SAME TIME.
And how many American police officers are willing to shoot at their own countrymen? Look at what happened in New Orleans. The VAST majority of the police force said, "screw this" and went home to look for their families. Hell, some of them even went looting for themselves!
#5 The US police force does not exist. We don't have a large, centralized national police force. We have lots of cops but they are working for the town of X or the city of X, not the Feds. The DHS is a joke and it is incapable of controlling its own turf wars, let alone a national calamity.
The US economy may have problems in the next few years, but to suggest that we would suddenly have martial law is a stretch, to say the least. _________________ "www.peakoil.com is the Myspace of the Apocalypse."
So it's real at least. As far as figuring how much it will affect things, we may need to turn economists. Any reading who want to tackle it? _________________ "If a path to the better there be, it begins with a full look at the worst." — Thomas Hardy
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Perhaps someone with a greater economic understanding can fill me in. Thanks.
