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financial collapse

27K views 153 replies 55 participants last post by  MisterM 
#1 ·
The biggest threat I see is a collapse of the financial system as a result of the manipulations of the current plutocratic oligarchical power structure not only in the US but world wide. I have been teaching this in my classes as well as how the last administrations-for a long time have been following the coward.piven strategy almost to a T. I think I am scaring the hell out of my students. We have been researching the fed reserve and it,s constitutionality and Franky it has amazed my kids...high school students. They can't wait till we get to the food prep and storage methods of the class. Even many of the parents are very interested. We are currently constructing a pickle.barrel water filtration system and they are very enthusiastic.
 
#7 ·
Yes, your post is dead on target. Fiat, central banking, globalization are all going to go. It is like a holland dike with a thousand leaks. My leak is the Greece threat below.

Cool water filtration project. For a number of years I have been using Sawyers point one and point oh two water filters with great results.

Keep up the good work...
 
#8 ·
NOTES ARE NOT FIAT
...
As to the "Fiat" argument -
....
From wikipedia,
"The term fiat money has been defined variously as: any money declared by a government to be legal tender. State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. Money without intrinsic value."
....
From those words, it says MONEY declared to be LEGAL TENDER.
Agreed?

Take out one of those green pieces of paper and read the top of it : "Federal Reserve NOTE".
MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace NOTES, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
- - - Black's Law Dictionary, Sixth Ed. p. 1005
MONEY does not embrace NOTES. A Federal Reserve Note is therefore NOT FIAT.

It IS legal tender on obligated parties to said note (under the "law of notes" - not as money).

Title 12 USC Sec. 411 defines the United States government as an obligated party and it must accept said notes in lieu of lawful money.

Can you GUESS what made "all the rest of America" into obligated parties?

Here's a HINT:
CONTRIBUTION - ... The share of a LOSS payable by an INSURER when contracts with two or more insurers cover the same loss... The sharing of LOSS or payment among SEVERAL...
--- Black's Law Dictionary, Sixth Ed., p. 328
....
Enumerated human resources who sign up with the Federal Insurance CONTRIBUTIONS Act are obligated parties on the debt, since they SHARE the loss, thus making those FRNs into "their" notes... and LEGAL TENDER.

In Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits. Congress is under no obligation to pay benefits - they are entirely at the government's discretion. So FICA is not insurance... at least not for the enumerated bankrupted pauperized socialist serfs - and volunteers, no less!

http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
" Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
[The site coyly avoids mentioning that FICA is the means by which all YOUR goods and labor back their worthless IOUs. Remember, no American government can take PRIVATE PROPERTY for public use without paying just compensation.]

Re-stating the point - an IOU is not fiat. It is a debt; an obligation.
The question is : WHO are obligated parties on said note?
(Only obligated parties are at risk when the CREDITOR forecloses. Public properties held in trust by the government are not attachable by any creditor.)


I hope this illustrates the IMPORTANCE of extricating oneself from socialist insecurity and usury (banking).
 
#9 ·
According to the best soothsayers that the internet can provide, it looks like sometime in September of 2015 our national economy may collapse. The causes for the collapse are multiple reasons.

1. First off, is the Cloward and Piven Economics strategy being implemented by Obama and the Democrats.

2. Second off, is the fact that this administration has deliberately overloaded the social welfare budget with too many recipients and leeches. Welcome to the U.S. sign up for your public aid over there ------->.

3. Then we have the largest national debt that our nation has NEVER BEFORE HAD. Too much of that debt money went overseas for projects that were so blatantly stupid like building mosques for people who hate us. Those people hate us? Good! They qualify for a mosque re-building grant coming from the American national economy which is operating in billions and trillions of dollars in debt. Let's just give those terrorists $50 million to fix up their little slice of Heaven and write it off to good will.

4. Then we had no accountability of funds while certain Democrats were in control too. How much money did Hillary Clinton lose while she was Secretary of State? Try $6 BILLION dollars.

http://nation.foxnews.com/2014/04/0...y-clintons-state-departmentwhere-did-money-go

That was just the monies lost by ONE of Obama's appointees. Imagine how much other appointees lost for him. All of this comes together so that it times itself out to hit over a year before Obama leaves office. How convenient! This whole thing has choreographed written all over it. That's another reason why the sages are predicting September 2015 as the approximate time for the nation's economy to go belly up. Everything points to it and everything has been pretty much scheduled by Obama/Pelosi/Reid/Democrats for it to be timed to happen then. Keep in mind, as has been said before, "Timing is extremely important for socialists. They live, breathe and die by timing of events."
 
#10 ·
Ideological Subversion-- Obama's job is to bring about the 'crisis'. That's why you are seeing this racial agitation happening, leftist elements from different groups are trying to bring about civil disorder. It will only get worse as time goes on and will be something to watch when spring comes (too cold now for large scale 'protests'). Sept 2015 could be the time for the financial collapse, with Republicans controlling congress and senate Obama will be acting more and more like a dictator as we get into 2015 ...and 2016 will be all about the next election cycle so a crisis will have to happen before then. Two thing to note: Marxists leaders NEVER give up power and useful idiots are ALWAYS executed when their usefulness is over.
 
#11 ·
This is probably the most realistic of all the doomsday scenario's.

Massive financial collapse, 70% unemployment,
Housing market collapse, jobless are in negative equity,
lose their homes and are bankrupted.
With no jobs, rent cannot be afforded so families are squatting,
Relying on the land, casual labour and theft to eat.

Afterall, it's happened before.

Unless you wholly own your land (no debts) and are able to be self sufficient there isn't much protection against this.
Basic infrastructure remains (but only in the most basic capacity on skeleton staff),
Farmers still farm, police still roam and the rich gobble up everything people have lost and get richer.
Electricity is intermittent with regular blackouts and brownouts.
Massive destruction of forest and woodland as people seek to heat themselves.
Massive exodus from the cold.north.

I can't comment on complex economic models and your US politics,
but still; very ineresting and relevant topic.

.
 
#16 ·
Predictions of economic collapse have been coming hot and heavy for more than 60 years. Each one has been spectacularly, totally, and undeniably wrong. I suspect all new predictions will be the same.

(in before "Even a broken clock is right twice a day! by pointing out relying on a broken clock to tell time is EXTREMELY foolish.)

(in before "We only have to be right once!" by pointing out that those who insist on playing the prophet have to be right each and every time they make a prediction or they prove themselves to be just guessing. Nobody should have listened to Harold Camping after his first failed prophecy, since it was clear he didn't know what he was talking about. It says bad things about human nature - at least some humans' nature - that he had mindless followers who believed his predictions two more times before HE finally admitted, in the wake of continual failure, that he was a fool and he'd shut up now.)

(in before "ALL fiat currencies collapse!" by asking what NON-fiat currency hasn't collapsed? All economies and currencies may fall apart eventually: But throwing out wild conspiracy theories or groundless terrors about the evils of qualitative easing (which was ALSO going to sink the economy, those of you who have attention spans longer than a few seconds may recall) as the reason THIS economy will collapse anytime soon suggests buffoonery on an epic scale.)

(in before "You're just an AGENT / TROLL!" by suggesting people with no better, more intelligent response than that should consider having themselves 'fixed' before they have children and pass their defective genes on. The gene pool and future generations will thank them.)

:thumb:
 
#18 ·
Predictions of economic collapse have been coming hot and heavy for more than 60 years. Each one has been spectacularly, totally, and undeniably wrong. I suspect all new predictions will be the same.

:thumb:
I often read and reread Charles Mackay’s book “Extraordinary Popular Delusions and the Madness of Crowds” because we are living today with madness in our governments. Charles Mackay’s quotes are I believe applicable to these times…

“…Money again, has often been the cause of delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper…”

“….Men, it has been well said think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one…”

I for one am not in the herd…
 
#26 ·
Death and Taxes...as they say.

Difference is that taxes are a fraction of a mortgage. If you own the land, and buildings on it, and maybe even have tech to be off-grid...just having tax payments should be very reasonable. Stash away a chunk of cash getting a few percentage points of interest just in case you need a few years of tax payments. :thumb:
 
#28 ·
Collapse may be self-fulfilling prophecy. We been operating worldwide on a pyramid type scheme for years where faith in the system helps keep it working. U keep teaching your youngin's that way U hasten the fall. Not just you either. I hear so much of this everywhere it may happen from anxiety alone. If you think about it long enough taking a piece of paper into a store and buying food or anything else with it is sort of a leap of faith (one we are all used to). They screw with value of paper too much (inflation) U got less faith in it.
 
#34 ·
how do you lose 6 billion

We don't know because this administration and the Congress is NOT holding Hitlery accountable for the loss of all the money. It's just like she flushed $6 BILLION down the toilet. Knowing her though, I would almost bet that she has it all, or at least some of it, hidden away in secret Swiss bank accounts for her family.
 
#36 ·
Taxes are the rent you pay the landlord and when you can't pat they will certainly take it away.. I envision taxes going sky high like inflation so squirreling away money won't help for long.. Why exactly the Liberal elite are so hell bent on destroying us is beyond all reasonable logic and my mind often wanders to what might be coming like a run away freight train..
 
#42 ·
Taxes are the rent you pay the landlord and when you can't pat they will certainly take it away.. I envision taxes going sky high like inflation so squirreling away money won't help for long.. Why exactly the Liberal elite are so hell bent on destroying us is beyond all reasonable logic and my mind often wanders to what might be coming like a run away freight train..
that's what gold and silver are for.
 
#38 ·
I sure hope you are teaching them about CLOWARD and Piven.

At first I thought you were trying to use farce by saying COWARD.

Although cowardice might be apropos to the topic, it might lend credibility to your students to utilize the correct spellings of their names when you speak of them.

Just sayin'.
 
#43 · (Edited)
No one knows when the collapse will come. Will it be a worldwide collapse or just the U.S.? What kind of collapse will it be? There are at least two types that I am aware of.

The first is a deflationary scenario, and the second is a Hyper-inflationary scenario. If you make a wrong pick you're likely in trouble. There are two financial 'guru's that I like to follow. The first is Robert Prechter of Eliott Wave Theorist who has been preaching that a deflationary collapse is most likely to occur. The second 'guru' is Peter Schiff who is saying that a hyperinflationary collapse is most likely to occur. Both 'guru's' have my respect. One of them is likely to be wrong. Both their views are available on Youtube just by entering their names. Both are famous for their views, both have been right-on
on occasion, and both deserve to be heard.

In 2008. Peter Schiff was virtually/literally laughed off the MSM stage when he predicted the 2008/2009 economic collapse. He was the only one who told it correctly right before it occurred. I believe his video from that occasion is still available on youtube. Robert Prechter believes that a deflationary depression will happen just like in 1929, but much worse. Once the stock market goes 'bellyup' it will take stock values down at least 90%. This will happen not in months, but in years. The resulting depression could last until 2021....perhaps longer. All values, and debts will be wiped out. Most banks, and company's will fail. Bonds, IRA's, 401k's, and retirement plans will be worth nothing.

I do not know which will occur first, one or the other scenario's....or maybe both in turn.
My expectation is it will be a 'deflationary collapse', as I would rather pay 5 cents for a loaf of bread, rather than 400 million dollars for a loaf of bread.

Peter Schiff PREDICTS THE ECONOMIC COLLAPSE PERFECTLY ECONOMY CRISIS
http://youtu.be/NjTtQLUOHcw 10:58

Robert Prechter : beurscrash in 2014 (stock market crash 2014 )
https://www.youtube.com/watch?v=VLedVJE5BDA 6:43

SG
 
#46 ·
Natural Law and Physics

This is the way I explained the coming collapse to my grown children.

One of them is a professional fire fighter and the other is a health care provider.

We all live in a house.

I cannot predict how long the house I live in will stand and no one else can either but because of gravity , physics and human nature , I can predict that one of three things will happen.

The house will eventually fall down, burn down or be torn down.

The economy and the world monetary system share the same frailty's as my house.

It will collapse from it's own weight via hyperinflation, pestilence or war.

I cannot predict the time or date but I can predict the demise.
 
#47 ·
We will have deflation before we have and type of inflation.

Also, it most likely be long hard economic - low inflation or deflation for years. It will NOT be high or hyper inflation.

We will have a nation VAT starting low - 5% and increasing to 18% as in Europe. That is our future.

If you are planning for high inflation - you will be hurting yourself financially.
 
#49 ·
From where I sit, the biggest threats are economic collapse and terrorism -- specifically an EMP strike (perhaps launched from within CONUS).

But it's very difficult to separate fact from fiction because I don't trust much of what I read/hear. I just sift and try to look for consensus from multiple sources. But they could ALL be wrong -- caught up in the same whirlwind of hype.

But the main reason that I prep is because I believe that being 100% reliant on a infrastructure controlled by other people is a dangerous way to live. This means being able to at least survive without the local grocery store and utility company -- having your own water sources, growing most of your own food, etc.

So, regardless of what calamity might befall us, I don't think we can preserve liberty over the long haul if we are all 100% reliant on a high tech infrastructure that we have no direct control over. Eventually someone will take control of the infrastructure and turn everyone into food slaves. Or even sadder, "comfort" slaves.


--- Lobanz D'Grate
 
#50 ·
From where I sit, the biggest threats are economic collapse and terrorism -- specifically an EMP strike (perhaps launched from within CONUS).

But it's very difficult to separate fact from fiction because I don't trust much of what I read/hear. I just sift and try to look for consensus from multiple sources. But they could ALL be wrong -- caught up in the same whirlwind of hype.

But the main reason that I prep is because I believe that being 100% reliant on a infrastructure controlled by other people is a dangerous way to live. This means being able to at least survive without the local grocery store and utility company -- having your own water sources, growing most of your own food, etc.

So, regardless of what calamity might befall us, I don't think we can preserve liberty over the long haul if we are all 100% reliant on a high tech infrastructure that we have no direct control over. Eventually someone will take control of the infrastructure and turn everyone into food slaves. Or even sadder, "comfort" slaves.


--- Lobanz D'Grate
I can not even in my wildest dreams make the case for EMP. The prime reason why is it is a rather sophisticated STRATEGIC move. Its the domain of 1st world major nuclear powers whose goal is to preserve the infrastructure, not the domain of radicals who goals is NOT economic destruction but to make the streets run with blood, to cut the head off non believers and do it for public consumption.

And for the SAME reasons I stated in my previous post no major country capable of an EMP strike wants GLOBAL economic collapse as it affects them as much as us. Punching you in your face accomplishes little if I break my hand and fingers doing do!

Had you said a NUCLEAR strike for max collateral damage I could agree, and that is really our fear. If ISIS and the radical Muslims get a chance to go shopping at the nuclear store and the sales guy sez: Door No 1: This nuke will collapse the electrical grid and folks will lose their jobs, wall street come to a halt etc. Door No 2: Pick this door and it will kill MILLIONS and leave millions with pain and suffering, where wall street was will now be a lake...which one do you think will be chosen?

EMP is mostly the tin foil + smoke from a pipe crowd that love to hang around this forum with lengthy discussions on their favorite kind of chicken wire for their 'Friday' cage. Everyone wants to be a nuclear engineer. I would suspect that the few on here probably worked in the electrical generating or propulsion side of the house, those that actually had their hands inside a nuclear warhead, can probably be counted on one hand with half the fingers missing.
 
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