The Soon Coming Global Economic
Collapse - Jim Nash - http://watchmansview.com/Commentary.html
"The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High"
The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008. It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet. According to the Bank for International Settlements, the total notional value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000). Other estimates put the grand total well over a quadrillion dollars. If that sounds like a lot of money, that is because it is. For example, U.S. GDP is projected to be in the neighborhood of around 17 trillion dollars for 2014. So 710 trillion dollars is an amount of money that is almost incomprehensible. Instead of actually doing something about the insanely reckless behavior of the big banks, our leaders have allowed the derivatives bubble and these banks to get larger than ever. In fact, as I have written about previously, the big Wall Street banks are collectively 37 percent larger than they were just prior to the last recession. "Too big to fail" is a far more massive problem than it was the last time around, and at some point this derivatives bubble is going to burst and start taking those banks down. When that day arrives, we are going to be facing a crisis that is going to make 2008 look like a Sunday picnic. Read further details here: http://theeconomiccollapseblog.com/archives/the-size-of-the-derivatives-bubble-hanging-over-the-global-economy-hits-a-record-high
Every time there's a major stock market correction, the ripple effect impacts the entire world. From 2000 to 2002, the tenth worse stock market crash ever recorded occurred. As a result, it lasted 999 days with a 37.8% loss in income...In very recent memory, the stock crash of 2008 (which we are still reeling from globally) saw $1.2 trillion dollars lost and the stock market dropped 777 points (interesting in itself, but it also occurred on Rosh HaShana, September 29, 2008) - two trillion dollars of peoples retirement savings were lost!
Considering the article above, as bad as things look now, we know from Bible prophecy, that during the Tribulation period, humanity will face a "worldwide" economic collapse. In response, the Antichrist and the False Prophet, who rule the world during that time, institute a global financial system. To rescue themselves from the famines and the horrible distress that the worldwide economic collapse brings, people will readily join the antichrist system...We can clearly see today from the article, the enormous stress that is currently on the worldwide economy, so much so that economic collapse is not a matter of IF, but WHEN, the entire global financial structure is going to finally collapse. It is not hard to see how the world in desperation will search for a one-world leader to take charge and bring some resemblance of order back from the global chaos which occurs..."He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name" Revelation 13:16,17 Make no mistake about it, the global economy is on the brink of an unprecedented reset, setting the stage for Biblical prophecy to be fulfilled - surely we are living in the last of the last days and seeing the stage being set (in real time) for all of these things to come!
A potential tie in with THE SUPER BLOOD MOON in September of 2015 is very well presented by Lu Vega, who points to " The End of the Shmita and Coming World Economic Reset" is worth the time to read, and linked here: The Super Blood Moon "Encourage one another, especially now that the day of his return is drawing near." Hebrews 10:25b
Minimum Wage Laws Kill Jobs
To meet its purpose, that business must provide a good or service the public needs or wants at a price the consumer is willing to pay. This is economics broken down to its simplest form.
Over the past few months, there have been protests and strikes by fast food workers at various locations across the U.S. and in Europe for a higher minimum wage. They are operating under the false assumption that a business can pay its employees more than they return in productivity.
Anticipating a sharp rise in wages, the fast food industry is looking to alternatives to paying workers more than they are worth. It is turning to technology.
In 2011, McDonald's deployed 7,000 kiosks in its European stores. Restaurants like Jimmy Johns, Potbelly and Wow Bao have already deployed on-site kiosks and mobile apps, enabling their customers to skip lines and place orders with a few finger taps and the swipe of a debit or credit card. The restaurant chains Chili's and Applebee's have also placed small kiosks on their tables that allow customers to order and pay without interacting with the human wait staff. Last month, Panera Bread announced it would bring in self-ordering kiosks and mobile ordering to all its locations over the next three years.
McDonald's, which depends on drive-thru customers for about 75 percent of its American business, has begun testing mobile ordering in Salt Lake City and Austin, Texas. The company is apparently eschewing the kiosk idea in the U.S. because of the drive-thru traffic and for other reasons.
For the firm Nextep Systems, which specializes in touch-screen self-order systems, sales in 2013 were up 50 percent over 2012. According to a study by the University of Oxford, there is a 92 percent chance that all fast-food preparation and serving will soon be automated. Industry analysts predict at least a 5 percent to 10 percent drop in food industry employment in coming years.
Look at the Bureau of Labor Statistics employment data and you will see that food industry employment is one of the few sectors currently seeing consistent month-to-month hiring increases. A rise in the minimum wage will kill that growth.
By manipulating wages, government will hurt those it claims to be looking out for. Young, entry-level job seekers will see their employment prospects dwindle; and the young and the poor - the primary purchasers of fast food - will see their prices rise even more than demanded by food inflation, which is approaching double digits.
Insurance Bailout Coming (Told You So)
Buried in hundreds of new Obamacare regulations and in yet another violation
of Article I, Section 1 of the U.S. Constitution, the Barack Obama regime has
skirted Congress and created a bailout for insurance companies foundering in the
bureaucratic tangle that is Obamacare.
For months, Administration officials have denied (i.e., lied about) charges by opponents they planned a "bailout" for insurance companies providing Obamacare coverage. It's not so much a bailout as it is a subsidy (read: bribe) to get insurance companies to keep premiums artificially low and an attempt to salvage Democrat 2014 election prospects.
Even while making the bribe possible, the regime claims insurance companies won't have to "substantially" increase premiums. But if they do, well.
"It's absolutely paramount to keep premiums in check," Len Nichols, a health economist at George Mason University who has advised officials working on the law, told The Los Angeles Times. And so they plan to steal more from the taxpayers to make it so.
Of course, this is no surprise to anyone who understands that the U.S. government is a fascist system. I told you it was coming 18 months ago.
But take heart: Obama Administration officials said the new regulations would not put taxpayers at risk. "We are confident this three-year program will not create a shortfall," Health and Human Services spokeswoman Erin Shields Britt said in a statement. "However, we want to be clear that in the highly unlikely event of a shortfall, HHS will use appropriations as available to fill it."
That's comforting, given that Obamacare costs more than we were told it would cost, that Americans were promised they could keep their doctor and their healthcare coverage if they liked it, that unemployment would be down to 5.7 percent by late 2012, that Benghazi was caused by a video, that there was no targeting of conservative groups by the Internal Revenue Service and that Obama learned of the Veterans Affairs scandal when he saw it in the news.
How can we help but believe it?
For months, Administration officials have denied (i.e., lied about) charges by opponents they planned a "bailout" for insurance companies providing Obamacare coverage. It's not so much a bailout as it is a subsidy (read: bribe) to get insurance companies to keep premiums artificially low and an attempt to salvage Democrat 2014 election prospects.
Even while making the bribe possible, the regime claims insurance companies won't have to "substantially" increase premiums. But if they do, well.
"It's absolutely paramount to keep premiums in check," Len Nichols, a health economist at George Mason University who has advised officials working on the law, told The Los Angeles Times. And so they plan to steal more from the taxpayers to make it so.
Of course, this is no surprise to anyone who understands that the U.S. government is a fascist system. I told you it was coming 18 months ago.
But take heart: Obama Administration officials said the new regulations would not put taxpayers at risk. "We are confident this three-year program will not create a shortfall," Health and Human Services spokeswoman Erin Shields Britt said in a statement. "However, we want to be clear that in the highly unlikely event of a shortfall, HHS will use appropriations as available to fill it."
That's comforting, given that Obamacare costs more than we were told it would cost, that Americans were promised they could keep their doctor and their healthcare coverage if they liked it, that unemployment would be down to 5.7 percent by late 2012, that Benghazi was caused by a video, that there was no targeting of conservative groups by the Internal Revenue Service and that Obama learned of the Veterans Affairs scandal when he saw it in the news.
How can we help but believe it?
Bob
Livingston is an ultra-conservative American
and author of The Bob Livingston LetterT,
founded in 1969. Bob has devoted much of his life to research and the quest for
truth on a variety of subjects. Bob specializes in health issues such as
nutritional supplements and alternatives to drugs, as well as issues of privacy
(both personal and financial), asset protection and the preservation of
freedom.
Who Is The New Secret Buyer Of U.S. Debt?
On the surface, the economic atmosphere of the U.S. has appeared rather calm
and uneventful. Stocks are up, employment isn't great but jobs aren't collapsing
into the void (at least not openly), and the U.S. dollar seems to be going
strong. Peel away the thin veneer, however, and a different financial horror
show is revealed.
U.S. stocks have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the Federal Reserve known as quantitative easing. With the advent of the "taper", QE is now swiftly coming to a close (as is evident in the overall reduction in treasury market purchases), and is slated to end by this fall, if not sooner.
Employment has been boosted only in statistical presentation, and not in reality. The Labor Department's creative accounting of job numbers omits numerous factors, the most important being the issue of long term unemployed. Millions of people who have been jobless for so long they no longer qualify for benefits are being removed from the rolls. This quiet catastrophe has the side bonus of making it appear as though unemployment is going down.
U.S. Treasury bonds, and by extension the dollar, have also stayed afloat due to the river of stimulus being introduced by the Federal Reserve. That same river, through QE, is now drying up.
In my article The Final Swindle Of Private American Wealth Has Begun, I outline the data which leads me to believe that the Fed taper is a deliberate action in preparation for an impending market collapse. The effectiveness of QE stimulus has a shelf-life, and that shelf life has come to an end. With debt monetization no longer a useful tool in propping up the ailing U.S. economy, central bankers are publicly stepping back. Why? If a collapse occurs while stimulus is in full swing, the Fed immediately takes full blame for the calamity, while being forced to admit that central banking as a concept serves absolutely no meaningful purpose.
My research over many years has led me to conclude that a collapse of the American system is not only expected by international financiers, but is in fact being engineered by them. The Fed is an entity created by globalists for globalists. These people have no loyalties to any one country or culture. Their only loyalties are to themselves and their private organizations.
While many people assume that the stimulus measures of the Fed are driven by a desire to save our economy and currency, I see instead a concerted program of destabilization which is meant to bring about the eventual demise of our nation's fiscal infrastructure. What some might call "kicking the can down the road," I call deliberately stretching the country thin over time, so that any indirect crisis can be used as a trigger event to bring the ceiling crashing down.
In the past several months, the Fed taper of QE and subsequently U.S. bond buying has coincided with steep declines in purchases by China, a dump of one-fifth of holdings by Russia, and an overall decline in new purchases of U.S. dollars for FOREX reserves.
With the Ukraine crisis now escalating to fever pitch, BRIC nations are openly discussing the probability of "de-dollarization" in international summits, and the ultimate dumping of the dollar as the world reserve currency.
The U.S. is in desperate need of a benefactor to purchase its ever rising debt and keep the system running. Strangely, a buyer with apparently bottomless pockets has arrived to pick up the slack that the Fed and the BRICS are leaving behind. But, who is this buyer?
At first glance, it appears to be the tiny nation of Belgium.
While foreign investment in the U.S. has sharply declined since March, Belgium has quickly become the third largest buyer of Treasury bonds, just behind China and Japan, purchasing more than $200 billion in securities in the past five months, adding to a total stash of around $340 billion. This development is rather bewildering, primarily because Belgium's GDP as of 2012 was a miniscule $483 billion, meaning, Belgium has spent nearly the entirety of its yearly GDP on our debt.
Clearly, this is impossible, and someone, somewhere, is using Belgium as a proxy in order to prop up the U.S. But who?
Recently, a company based in Belgium called Euroclear has come forward claiming to be the culprit behind the massive purchases of American debt. Euroclear, though, is not a direct buyer. Instead, the bank is a facilitator, using what it calls a "collateral highway" to allow central banks and international banks to move vast amounts of securities around the world faster than ever before.
Euroclear claims to be an administrator for more than $24 trillion in worldwide assets and transactions, but these transactions are not initiated by the company itself. Euroclear is a middleman used by our secret buyer to quickly move U.S. Treasuries into various accounts without ever being identified. So the question remains, who is the true buyer?
My investigation into Euroclear found some interesting facts. Euroclear has financial relationships with more than 90 percent of the world's central banks and was once partly owned and run by 120 of the largest financial institutions back when it was called the "Euroclear System". The organization was consolidated and operated by none other than JP Morgan Bank in 1972. In 2000, Euroclear was officially incorporated and became its own entity. However, one must remember, once a JP Morgan bank, always a JP Morgan bank.
Another interesting fact - Euroclear also has a strong relationship with the Russian government and is a primary broker for Russian debt to foreign investors. This once again proves my ongoing point that Russia is tied to the global banking cabal as much as the United States. The East vs. West paradigm is a sham of the highest order.
Euroclear's ties to the banking elite are obvious; however, we are still no closer to discovering the specific groups or institution responsible for buying up U.S. debt. I think that the use of Euroclear and Belgium may be a key in understanding this mystery.
Belgium is the political center of the EU, with more politicians, diplomats and lobbyists than Washington D.C. It is also, despite its size and economic weakness, a member of an exclusive economic club called the "Group Of Ten" (G10).
The G10 nations have all agreed to participate in a "General Arrangement to Borrow" (GAB) launched in 1962 by the International Monetary Fund (IMF). The GAB is designed as an ever cycling fund which members pay into. In times of emergency, members then ask the IMF's permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Essentially, the IMF takes our money, then gives it back to us in times of desperation (with strings attached). It should be noted the Bank of International Settlements is also an overseer of the G10. If you want to learn more about the darker nature of globalist groups like the IMF and the BIS, read my articles, Russia Is Dominated By Global Banks, Too, and False East/West Paradigm Hides The Rise Of Global Currency.
The following article from Harpers titled "Ruling The World Of Money," was published in 1983 and boasts about the secrecy and "ingenuity" of the Bank Of International Settlements, an unaccountable body of financiers that dominates the very course of economic life around the world.
It is my belief that Belgium, as a member of the G10 and the GAB agreements, is being used as a proxy by the BIS and the IMF to purchase U.S. debt, but at a high price. I believe that the banking elite are hiding behind their middleman, Euroclear, because they do not want their purchases of Treasuries revealed too soon. I believe that the IMF in particular is accumulating U.S. debt to be used later as leverage to unseat the dollar and finalize the rise of their SDR currency basket as the world reserve standard.
The Bretton Woods System, established in 1944, was used by the United Nations and participating governments to form international rules of economic conduct, including fixed rates for currencies. The IMF was created during this shift towards globalization as the BIS slithered into the background after its business dealings with the Nazis were exposed. It was the G10, backed by the IMF, that then signed the Smithsonian Agreement in 1971 which ended the Bretton Woods system of fixed currencies, as well as any remnants of the gold standard. This led to the floated currency system we have today, as well as the slow poison of monetary inflation which has now destroyed more than 98 percent of the dollar's purchasing power.
I believe the next and final step in the banker program is to reestablish a new Bretton Woods style system in the wake of an engineered catastrophe. That is to say, we are about to go full circle. Perhaps Ukraine will be the cover event, or tensions in the South China Sea. Just as Bretton Woods was unveiled during World War II, Bretton Woods redux may be unveiled during World War III. In either case, the false East/West paradigm is the most useful ploy the elites have to bring about a controlled decline of the dollar.
The new system will reintroduce the concept of fixed currencies, but this time, all currencies will be fixed or "pegged" to the value of the SDR global basket. The IMF holds a global SDR summit every five years, and the next meeting is set for the beginning of 2015.
If the Chinese yuan is brought into the SDR basket next year, and the dollar is toppled as the world reserve, there will be nothing left in terms of economic structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream - the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don't want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets and the annihilation of our way of life.
-Brandon Smith
U.S. stocks have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the Federal Reserve known as quantitative easing. With the advent of the "taper", QE is now swiftly coming to a close (as is evident in the overall reduction in treasury market purchases), and is slated to end by this fall, if not sooner.
Employment has been boosted only in statistical presentation, and not in reality. The Labor Department's creative accounting of job numbers omits numerous factors, the most important being the issue of long term unemployed. Millions of people who have been jobless for so long they no longer qualify for benefits are being removed from the rolls. This quiet catastrophe has the side bonus of making it appear as though unemployment is going down.
U.S. Treasury bonds, and by extension the dollar, have also stayed afloat due to the river of stimulus being introduced by the Federal Reserve. That same river, through QE, is now drying up.
In my article The Final Swindle Of Private American Wealth Has Begun, I outline the data which leads me to believe that the Fed taper is a deliberate action in preparation for an impending market collapse. The effectiveness of QE stimulus has a shelf-life, and that shelf life has come to an end. With debt monetization no longer a useful tool in propping up the ailing U.S. economy, central bankers are publicly stepping back. Why? If a collapse occurs while stimulus is in full swing, the Fed immediately takes full blame for the calamity, while being forced to admit that central banking as a concept serves absolutely no meaningful purpose.
My research over many years has led me to conclude that a collapse of the American system is not only expected by international financiers, but is in fact being engineered by them. The Fed is an entity created by globalists for globalists. These people have no loyalties to any one country or culture. Their only loyalties are to themselves and their private organizations.
While many people assume that the stimulus measures of the Fed are driven by a desire to save our economy and currency, I see instead a concerted program of destabilization which is meant to bring about the eventual demise of our nation's fiscal infrastructure. What some might call "kicking the can down the road," I call deliberately stretching the country thin over time, so that any indirect crisis can be used as a trigger event to bring the ceiling crashing down.
In the past several months, the Fed taper of QE and subsequently U.S. bond buying has coincided with steep declines in purchases by China, a dump of one-fifth of holdings by Russia, and an overall decline in new purchases of U.S. dollars for FOREX reserves.
With the Ukraine crisis now escalating to fever pitch, BRIC nations are openly discussing the probability of "de-dollarization" in international summits, and the ultimate dumping of the dollar as the world reserve currency.
The U.S. is in desperate need of a benefactor to purchase its ever rising debt and keep the system running. Strangely, a buyer with apparently bottomless pockets has arrived to pick up the slack that the Fed and the BRICS are leaving behind. But, who is this buyer?
At first glance, it appears to be the tiny nation of Belgium.
While foreign investment in the U.S. has sharply declined since March, Belgium has quickly become the third largest buyer of Treasury bonds, just behind China and Japan, purchasing more than $200 billion in securities in the past five months, adding to a total stash of around $340 billion. This development is rather bewildering, primarily because Belgium's GDP as of 2012 was a miniscule $483 billion, meaning, Belgium has spent nearly the entirety of its yearly GDP on our debt.
Clearly, this is impossible, and someone, somewhere, is using Belgium as a proxy in order to prop up the U.S. But who?
Recently, a company based in Belgium called Euroclear has come forward claiming to be the culprit behind the massive purchases of American debt. Euroclear, though, is not a direct buyer. Instead, the bank is a facilitator, using what it calls a "collateral highway" to allow central banks and international banks to move vast amounts of securities around the world faster than ever before.
Euroclear claims to be an administrator for more than $24 trillion in worldwide assets and transactions, but these transactions are not initiated by the company itself. Euroclear is a middleman used by our secret buyer to quickly move U.S. Treasuries into various accounts without ever being identified. So the question remains, who is the true buyer?
My investigation into Euroclear found some interesting facts. Euroclear has financial relationships with more than 90 percent of the world's central banks and was once partly owned and run by 120 of the largest financial institutions back when it was called the "Euroclear System". The organization was consolidated and operated by none other than JP Morgan Bank in 1972. In 2000, Euroclear was officially incorporated and became its own entity. However, one must remember, once a JP Morgan bank, always a JP Morgan bank.
Another interesting fact - Euroclear also has a strong relationship with the Russian government and is a primary broker for Russian debt to foreign investors. This once again proves my ongoing point that Russia is tied to the global banking cabal as much as the United States. The East vs. West paradigm is a sham of the highest order.
Euroclear's ties to the banking elite are obvious; however, we are still no closer to discovering the specific groups or institution responsible for buying up U.S. debt. I think that the use of Euroclear and Belgium may be a key in understanding this mystery.
Belgium is the political center of the EU, with more politicians, diplomats and lobbyists than Washington D.C. It is also, despite its size and economic weakness, a member of an exclusive economic club called the "Group Of Ten" (G10).
The G10 nations have all agreed to participate in a "General Arrangement to Borrow" (GAB) launched in 1962 by the International Monetary Fund (IMF). The GAB is designed as an ever cycling fund which members pay into. In times of emergency, members then ask the IMF's permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Essentially, the IMF takes our money, then gives it back to us in times of desperation (with strings attached). It should be noted the Bank of International Settlements is also an overseer of the G10. If you want to learn more about the darker nature of globalist groups like the IMF and the BIS, read my articles, Russia Is Dominated By Global Banks, Too, and False East/West Paradigm Hides The Rise Of Global Currency.
The following article from Harpers titled "Ruling The World Of Money," was published in 1983 and boasts about the secrecy and "ingenuity" of the Bank Of International Settlements, an unaccountable body of financiers that dominates the very course of economic life around the world.
It is my belief that Belgium, as a member of the G10 and the GAB agreements, is being used as a proxy by the BIS and the IMF to purchase U.S. debt, but at a high price. I believe that the banking elite are hiding behind their middleman, Euroclear, because they do not want their purchases of Treasuries revealed too soon. I believe that the IMF in particular is accumulating U.S. debt to be used later as leverage to unseat the dollar and finalize the rise of their SDR currency basket as the world reserve standard.
The Bretton Woods System, established in 1944, was used by the United Nations and participating governments to form international rules of economic conduct, including fixed rates for currencies. The IMF was created during this shift towards globalization as the BIS slithered into the background after its business dealings with the Nazis were exposed. It was the G10, backed by the IMF, that then signed the Smithsonian Agreement in 1971 which ended the Bretton Woods system of fixed currencies, as well as any remnants of the gold standard. This led to the floated currency system we have today, as well as the slow poison of monetary inflation which has now destroyed more than 98 percent of the dollar's purchasing power.
I believe the next and final step in the banker program is to reestablish a new Bretton Woods style system in the wake of an engineered catastrophe. That is to say, we are about to go full circle. Perhaps Ukraine will be the cover event, or tensions in the South China Sea. Just as Bretton Woods was unveiled during World War II, Bretton Woods redux may be unveiled during World War III. In either case, the false East/West paradigm is the most useful ploy the elites have to bring about a controlled decline of the dollar.
The new system will reintroduce the concept of fixed currencies, but this time, all currencies will be fixed or "pegged" to the value of the SDR global basket. The IMF holds a global SDR summit every five years, and the next meeting is set for the beginning of 2015.
If the Chinese yuan is brought into the SDR basket next year, and the dollar is toppled as the world reserve, there will be nothing left in terms of economic structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream - the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don't want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets and the annihilation of our way of life.
-Brandon Smith
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