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11 Things That Can Happen When You Allow Your Country To Become Enslaved To The Bankers

Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now?  It is because they have too much debt.  Why do they have too much debt?  It is because they allowed themselves to become enslaved to the bankers.  Borrowing money from the bankers can allow a nation to have a higher standard of living in the short-term, but it always results in a lower standard of living in the long-term.  Why is that?  It is because you always have to pay back more money than you borrowed.  And when you get to the point of having a debt to GDP ratio in excess of 100%, you are basically drowning in debt.  Huge amounts of money that could be going to providing essential services and stimulating your economy are now going to service your horrific debt.  Today, citizens in Greece, Spain, Portugal and Italy are experiencing a standard of living far below what they should be because the bankers have trapped them in endless debt spirals.  Sadly, the vast majority of the people living in those countries have absolutely no idea what is at the root cause of their problems.

The truth is that no sovereign nation on earth ever has to borrow a single penny from anyone.

In theory, there is nothing stopping a government from printing up debt-free money and spending it into circulation.

But that is not the way our world works.

Instead, our national governments borrow money that has been zapped into existence out of thin air by central banks.

Now what kind of sense does that make?

Why don’t our governments just create the money themselves?

If the government of Greece had been directly issuing debt-free Greek currency all these years, they would have a national debt of zero and they would not be in the middle of a deep depression today.

So why isn’t anyone proposing that they go to such a system?

Instead, everyone is trying to figure out a way that the Greeks can muddle through this depression and keep paying on their unsustainable debts.

It is such a tragedy what has happened to Greece.  The city of Boston has a larger economy than the entire nation of Greece at this point.

But this is what happens when you allow the bankers to trap your country in debt.  The central banking systems of the world are designed to be endless debt spirals that systematically transfer wealth from the people through the governments and into the hands of the ultra-wealthy.

Just look at what is happening in the United States.  The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

Greece, Spain, Italy, Portugal and the rest of the nations of the western world did not get into all this debt by accident.

This happened by design.

And we can see what happens when the system starts to unravel by looking at what is happening in Greece and in Spain right now.

The following are 11 things that can happen when you allow your country to become enslaved to the bankers….

#1 At some point nations that are drowning in debt must implement “austerity measures” in an attempt to stay solvent. 

This causes economic slowdown and unemployment skyrockets.  We are seeing this happen in Greece, Spain and a whole bunch of other nations right now.

Over the past four years, the Greek economy has contracted by close to 25 percent.  Just this week it was announced that the unemployment rate in Greece has risen to 23.1 percent.

A year ago it was just 16.8 percent

In Spain, the unemployment rate is even higher.  It has hit 24.6 percent, and some analysts expect it to eventually reach 30 percent.

This would have never happened if these nations had not gotten into so much debt.

#2 Economic progress can actually go backwards in a debt-based system.

In Greece, a very large number of citizens have actually been giving up their cars and have gone back to riding bikes….

The high cost of road tax, fuel and repairs is forcing Greeks to ditch their cars in huge numbers. According to the government’s statistics office, the number of cars on Greek roads declined by more than 40 percent in each of the last two years. Meanwhile, more than 200,000 bikes were sold in 2011, up about a quarter from the previous year.

#3 Your banking system will inevitably melt down at some point.

Every debt bubble eventually bursts, and authorities all over Europe are desperately trying to keep the European banking system from completely imploding.

But despite their efforts, people are pulling money out of banks in southern Europe at a staggering pace.  Just check out the slow motion bank run that is unfolding in Spain….

Capital outflows from Spain more than quadrupled in May to €41.3 billion ($50.7 billion) compared with May 2011, according to figures released on Tuesday by the Spanish central bank.

In the first five months of 2012, a total of €163 billion left the country, the figures indicate. During the same period a year earlier, Spain recorded a net inflow of €14.6 billion.

#4 In all countries with a debt-based system, eventually your taxes will be raised to ridiculous levels.

When the income tax was introduced in the United States back in 1913, the vast majority of Americans were in the 1 percent tax bracket.

Throughout the years there have been countless promises that taxes would be limited, but those promises always end up getting broken.

Even when they give us “tax cuts” with one hand, they usually end up raising taxes ten different ways with the other hand.

In the United States today, we are literally taxed in dozens and dozens of different ways.

Our politicians love to come up with new and inventive ways to tax us without us really even feeling it.

In the end, they are going to take as much away from us as they can possibly get away with.

Just look at what is happening in France.

The newly elected socialist president of France says that his party plans to raise the top tax rate in France to 75 percent.

But even though our politicians tax us to death, they still manage to run up gigantic mountains of debt on top of that.

#5 Your currency slowly but steadily becomes worthless.

Most people don’t realize that inflation is a tax.  Every dollar you currently have in the bank is constantly losing value.  That is because in a debt-based system like we have, the total amount of money and the total amount of debt is supposed to keep perpetually expanding.

Since the Federal Reserve was created, the U.S. dollar has declined in value by well over 95 percent.

This did not happen by accident.  Every other major currency around the globe has been steadily declining in value as well.

#6 When things get bad enough, there will be rioting in the streets. 

A few weeks ago, a total of more than a million public employees took to the streets in more than 80 different Spanish cities.  You can view footage of some of the violent clashes with police that took place right here.

#7 When a debt-based economy crashes, money becomes very tight and shortages tend to happen.

Just look at what is happening in Greece.  Medicine shortages have become a tremendous problem.  The following is from a recent Bloomberg article….

Mina Mavrou, who runs a pharmacy in a middle-class Athens suburb, spends hours each day pleading with drugmakers, wholesalers and colleagues to hunt down medicines for clients. Life-saving drugs such as Sanofi (SAN)’s blood-thinner Clexane and GlaxoSmithKline Plc (GSK)’s asthma inhaler Flixotide often appear as lines of crimson data on pharmacists’ computer screens, meaning the products aren’t in stock or that pharmacists can’t order as many units as they need.

“When we see red, we want to cry,” Mavrou said. “The situation is worsening day by day.”

The 12,000 pharmacies that dot almost every street corner in Greek cities are the damaged capillaries of a complex system for getting treatment to patients. The Panhellenic Association of Pharmacists reports shortages of almost half the country’s 500 most-used medicines.

#8 Your population will eventually become so desperate that they will start banding together to loot food and supplies from stores. 

When people have no work and they cannot feed their families they often find themselves doing things that they never imagined that they would do.  Just check out what is happening in Spain right now….

Unemployed fieldworkers and other members of the union went to two supermarkets, one in Ecija (Sevilla) and one in Arcos de la Frontera (Cadiz) and loaded up trolleys with basic necessities. They said that the people were being expropriated and they planned to “expropriate the expropriators”.

The foodstuffs, including milk, sugar, chickpeas, pasta and rice, have been given to charities to distribute, who say they are unable to cope with all the requests for help they receive. Unemployment in the Sierra de Cadiz is now 40%.

#9 If things get bad enough, even essential services may start shutting down.

Authorities in Greece are legitimately concerned that there may be interruptions in the supply of natural gas and electricity.  Suppliers are leaving bills unpaid for extended periods of time, and one day millions of Greeks may wake up to find that the power to their homes has been cut off….

Greece’s power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country’s electricity and natural gas system.

“RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system,” the regulator’s chief Nikos Vasilakos told Reuters.

RAE took the decision after receiving a letter from Greece’s natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.

#10 In an economic depression, many people begin to totally lose hope.

An increasing number of parents in southern Europe are facing such desperate situations that they are actually abandoning their babies.

The following is from a recent CNBC article….

According to SOS Villages, a European charity that attempts to help families in financial hardship before abandonment occurs, in the last year alone 1,200 children in Greece and 750 in Italy have been abandoned. That is almost double the 400 children abandoned in Italy a year ago, and up from 114 children abandoned in Greece in 2003.

#11 Just like we saw during the Great Depression of the 1930s, there is a spike in suicides when an economy crashes.

Greece has never seen anything like what is happening now.  The suicide rate has been absolutely soaring.

The following is from a Reuters article back in April….

On Monday, a 38-year-old geology lecturer hanged himself from a lamp post in Athens and on the same day a 35-year-old priest jumped to his death off his balcony in northern Greece. On Wednesday, a 23-year-old student shot himself in the head.

In a country that has had one of the lowest suicide rates in the world, a surge in the number of suicides in the wake of an economic crisis has shocked and gripped the Mediterranean nation – and its media – before a May 6 election.

If you live in the United States, you need to watch what is happening in Europe very closely, because similar conditions will come to the United States soon enough.

Just like Europe, we have allowed ourselves to become enslaved to the bankers, and now we will suffer the consequences.

Sadly, most Americans do not even realize how we got into this mess.  The following is from a recent article by Professor Steven Yates….

It should have been clear that the country—indeed, Western civilization itself—was on the wrong trajectory as governments and central banks, working in tandem, severed ties between their currencies and precious metals, allowing massive credit expansion to run rampant and the national debt to skyrocket—making, e.g., the pseudo-prosperity of the roaring 1990s possible. Nixon had “closed the gold window” on August 15, 1971; our national debt was around $400 billion. Slightly over ten years later, the debt crossed the $1 trillion threshold. Ten years after that, it reached $6 trillion. When George W. Bush left office having been the biggest spending Republican in U.S. history, it had risen to over $11 trillion. Today, under the watch of the catastrophic Obama presidency, by the time this reaches print the national debt might have surmounted $16 trillion with no end in sight.

The United States has accumulated the greatest mountain of debt in the history of the world and it will totally crush us at some point.

Unfortunately, the vast majority of Americans are living paycheck to paycheck and are totally unprepared for the economic chaos that is coming.

One study found that 64 percent of all Americans have less than $1000 in the bank.

Can you believe that?

Even though we could be on the verge of another global food crisis, most Americans do not have enough food in their homes to last a single month.

Even though the U.S. economy is on the verge of another recession, most Americans are still running out and buying toys that they don’t need and paying for them with credit cards that they should not be using.

If you want to see where we are headed, just look at Greece and Spain.

They are going through economic hell, and we will be joining them soon enough.

Get ready while you can.

  • Dale

    “Why don’t our governments just create the money themselves?

    If the government of Greece had been directly issuing debt-free Greek currency all these years, they would have a national debt of zero and they would not be in the middle of a deep depression today.” Seriously!!! that isn’t exactly good advise now is it? :(

    • ycmgh

      Yes! That’s EXACTLY what they should do. See Bank of North Dakota.

    • 007

      Throughout history countries debasing their currency (printing money) has been a total disaster. It always ends in inflation and a horrible economy. The Roman Empire tried it by mixing base metal in it’s silver coins. Eventually, the Roman coins were only worth 5% of their original value. Sound familiar?

      Or one could look at Germany after world war II. Printing money resulted in crushing inflation that resulted in Hitler coming to power.

      Governments have never been able to withstand the temptation to print money if they are given a chance. This is true even if it guarantees their doom.

      Just allowing governments to print money without restraint is a recipe for disaster. The Federal Reserve is certainly a equal disaster. A type of gold or hard money standard is the only solution.

      • http://libertyrevival.wordpress.com liberty revival

        you obviously don’t know your roman monetary history because you’re spewing rockefeller foundation propaganda from the ludwig von mises institute.

        rome started on a bronze and silver standard in 270 bc. the bankers introduced the gold coin in 50 bc. they kept the silver and demonetized silver. an economic depression happened because they demonetized the money most people used. in 27 bc, they tried reforms to fix the economic problems by remonetizing bronze coins and added brass and copper coins as well. then, the bankers got upset and did away with the bronze, brass, and copper soon if i remember correctly in 23 bc which caused another economic depression and started the down fall of the empire for good. a third attempt to remonetize bronze coins, the cheap coinage that built the roman empire for 220 years, but the roman empire was too far gone and there wasn’t enough bronze coinage issued the third time that the coins are more rare than the gold coins from the roman empire.

        put down the rockefeller kool aid and pick up a real history book.

        • http://libertyrevival.wordpress.com liberty revival

          EDIT: they kept the silver coins and demonetized the BRONZE COINS in 50 BC.

          the roman empire didn’t collapse because they inflated the circulation. they had a stable silver and bronze standard for 220 years of solid growth.

          it didn’t collapse until the bankers started screwing around with gold and screwing around with the money supply in attempt to end sovereign national currency where the money supply was cheaply made available by the government and the value of the coin represented how much was in circulation and the gdp of the nation rather the value of the metal and the willingness of the banks to lend upon usury on such value.

          you can mark 50 bc as the start of the enslavement of humanity to bankers and debt with the introduction of the gold coin.

        • http://libertyrevival.wordpress.com liberty revival

          bronze and silver built the roman empire from 270 bc to 50 bc. not gold. the demonetization of bronze and the monetization of gold coinage and the usury upon gold destroyed rome in 50 bc.

      • Zedge Hero

        It’s not the 64% who only have a 1,000 dollars or less we should worry about, it’s the 36% of idiots who have their life savings tied up to an electral bank statement. BANK RUN! BANK HOLIDAY!

        Here let me do your bank statement for you this month

        BANK OF AMERICA

        John Doe Account number 4465467863

        Your current balance $456,589.23

        look -do see how easy that is, if your wealth consist of numbers on a computer screen, the world is about to go up side down for you!

        Thank you for calling the US BANK hotline,we apoligize for the inconvienance. Current funds have been frozen after the recent European meltdown and all withdraws will be forbidden until further notice from the FDIC, thanks and have a nice day.

        Press 1 to repeat

        Press 2 if you can’t feed your kids

        Press 3 if you can’t protect yourself

        Press 4 if you would like to talk to one of representives in India who now has more sound money than you.

        Press 5 if you have precious metals and wish to talk to one of our branch managers regarding a possible one on one meeting after the eventual reset.

        • Zedge Hero

          I should not say idiots, because that was me 3 years ago, how about the unawaked. Sorry if I hurt your feelings, if I did, pull that money out now!

    • Cheryl

      Our government has been creating money with nothing to back it up for YEARS!!!! The paper they print is just that….PAPER!! It has no value whatsoever! There’s no Gold Reserve to cover the billions of dollars in paper currency that is and has been printed in the last 15 years!! We should just tell the damn banks to kiss our butts and not pay one dime of interest back to them, and the feds should just keep printing money and putting it into circulation! The problem is, we owe China most of the money in the national debt!! If it were just U.S. banks, screw ‘em!! But, it’s NOT!! If we don’t pay China back, they OWN us!! NOW what????

  • Joe

    The ultra-wealthy that are benefiting from fractional reserve banking- how are they securing their wealth? Buying gold and property? After all when the currency collapses their currency will be as worthless as ours.

  • BFH

    No question that the US will follow Greece and Spain except it will be much worse here. The US population is used to a much higher standard of living. When this mess comes here there will be pandemonium and chaos.

  • Paul

    Nothing new here. Basic Risk Management.

    If I can’t afford the car in the first place, how should I pay the interest on top?

    Answer: Get a credit anyway, and go bancrupt when the time comes, never worry about the future, have the best life possible. The more debt you have the more likely some politician will order the taxpayer to pay for your debt.

    And – if you are “risk averse” you won’t get a highly paid job either. If you have no problems risking the livelyhood of your fellow countrymen you will be paid millions, because those who pay will earn billions from those whose life you ruin.

    And on top – every lowlife will defend your riskiness and denounce “risk averse” people whenever possible.

    But remember –
    the higher you climb, the deeper the fall.

  • Paul

    That means, if a nation is reasonably self-sufficient, it can start printing new money without honoring previous debts.

    Every private person can have his own house and his own bank account transferred – up to a certain amount. Let’s say $1,000 per year of age.
    Everything else becomes worthless over night.

    Result — war. The mercenaries get promised anything – if they survive.

    And with a lot of destroyed property there will be need for rebuilding.
    And with a lot of dead, there will be no more unemployment.

    The question is just, if I get paid that new money, what can I buy with it?

    You can also just leave it as it is and nationalise the banks.

    That means, all the debt the state has to the bank the state will have now to the state.
    Only foreign debts, credit card debts, mortgages and consumer debts will remain.

  • Paul

    “The newly elected socialist president of France says that his party plans to raise the top tax rate in France to 75 percent.”

    That’s easy to avoid – just increase the wage of your lowest paid employees. Right in this crisis you will get very loyal workers who can use their brain to advance your company instead of thinking all the time how to survive.

    And you can expect more protection from your highly paid employees than from the state.

    • Pauly

      Keep going.

    • Franky

      That is exactly right. The higher the pay, the more spending will occur. The trickled down theory does not work. It should be the other way around. The more cash being spent on goods and services, the more money in every ones pocket. How simple is that?

  • k

    Every city and every province and every state and every country is in some sort of debt. And most of their monthly revenues go into servicing the debt(paying interest.

    You are right, they shouldnt have gone into this situation in the first place.

  • k

    And the more the governments get into debt, the more they have to tax the people for revenues……sad but true….

  • Steven M

    So much for the “unseen hand” theory of Adam Smith. Anyway, Michael, I’d say an LLM in Tax maybe. Seems to be your bent. Love the articles. Also been to the End of The American Dream site. Lots of buzz about the book of Revelation. Well, since we know the end game, time to look up and watch. I don’t need every detail. But, this economic thing has really bothered me. Do you feel that you have any special leading from the Lord with regard to this site? A serious question. I do think we are living in the last days myself and there is opportunity here to turn our attention to the one who created heaven and earth. Or I should say, to be a witness during what is sure to be a great economic collapse. Thank you for your time.

    • Michael

      Steven:

      If you like The American Dream, I think you will also like another site that I have relaunched and that I will be posting articles regularly on….

      http://thetruthwins.com/

      Michael

  • k

    And the more debt you are in, the interest on that rises correspondingly so again you have to take more loans to pay of that interest and older loans…..and this lands us in even more debt at the end. This was was the reason the debt shot up enormously under bush and obama. Also they big spenders. Bush was a war spender and obama is a welfare spender who is also continuing bush war spending. Tomorrow if romney or obama wins, the debt will also increase as war and welfare spending will still continue……

  • Just Saying

    If the banks are going to fail, it doesn’t matter if one has money in the bank or not. If people are going to riot and loot, household debt is the least of anyone’s worries. Seriously, if the system is about to fail, why not max out the credit cards to buy food, medicine, and other survival supplies while you can? Why not stop paying rent/mortgage and taxes? How can anyone be dispossessed when almost everyone is bankrupt?

    • DiscouragedOne

      What if it goes south slower than you expect, then what?

      • k

        :)

    • GSOB

      Answering Just Saying’s question,
      /reasons we dont just throw in the towel, especially after wiping our a** with it…
      I’m sure we all at least thought about doing that.

      because
      …. as the collapse works it’s way through the financial sectors of our economy, that is in market recessions, consumer inflation, and other taxes kicking in,… civil unrest will ensue and escalate –
      More businesses close or layoff employees, and if the jobless rate doesn’t improve, the unrest intensifies.

      But the appropriate response to that is this…

      Law abiding people will continue to do what’s right, if they have a job or not. Law abiding people pay their bills and honor their debts, just as they always did, being lawful as they are. Law brings order…
      even as the bubbles burst and the ripples intensifies, and the uncertainties reflected in the financial reports instills fear…
      Yet
      we find hope in continuing to do whats right,
      because it takes on an even more immediate sense of urgency for our future, security and safety – making that monthly payment now, honoring our commitments in the present.

      It’s right to continue to do what’s right. It becomes even more a duty,.. our anchor admist the financial storm. And neither is it ever right to pass your bill to someone else.

      The collapse doesn’t happen all at once…..
      None of us wants any part of it to happen.
      Any working remnant of an inevitably, collapsing financial system, ….is very precious.
      We hold to the anchor because doing that provides a stability we’ve always known.

  • http://theafricanamericanclarioncall.com GREG L

    Another item that can be added to the list are the endless wars needed to pull all nations and their resources into the orbit of a debt based monetary system. The debt based system is the perfect mechanism to grab real resources for effectively nothing by forcing default. The same system of appropriation of resources through the monetary system that’s been so effective in the third world is what is being deployed right now to take over national treasures in the West. The wars that we’re in currently and the one that we’re about to undertake with Iran are really about bringing the resources under the control of the bankers. It’s my understanding that prior to the most recent “revolt”, Libya had no debt and was moving towards a precious metal monetary system and that was the main reason they were taken over. Note that the first thing the so called rebels did was create a central bank—and that tells you right there where the “revolution” came from. Either through ignorance or not caring, many have watched this occur elsewhere in the world without saying much and all that has resulted in is the development of a system that is now being employed in the developed world. Democracy and the rule of law that was negotiated to keep the peace and to allow the economy to function will no longer be needed and just as we see the lack of these institutions in the third world, we will start to see them here (witness the security state). These are impediments in the emerging economic reality—just as they always have been in the 3rd world.

    The bottom line is that the debt based monetary system is diabolical. There is no other way to characterize it.

    • ycmgh

      Fiendishly diabolical. I don’t advocate PM, but it was a way for non-aligned countries to fight back Chavez is doing the same.

  • Dave

    If you don’t want to owe lots of money to a banker, DON’T TAKE OUT LOANS!
    The Greeks & all the rest of the socialistic, heavily unionized economies have always run deficits in order to fund their overpaid public sector employees & their impossible to sustain pension schemes created to win votes.

    Here’s a lesson for the economically clueless:
    If you borrow money, you’re supposed to pay it back.
    If you cannot or will not pay it back, they will seize some asset as agreed upon at the signing of the loan.

    • http://www.metaforge.net metaforge

      I agree with you Dave, but it’s not that simple – when the currency itself is issued as and backed by debt, there is nothing you as an individual can choose to do – they are taking out loans in your name as a citizen of this country! That is the point, please don’t miss it.

    • Gay Veteran

      here’s a lesson for the banksters:

      if you make bad loans then the BANK goes bankrupt!

      expect in our fascist system

  • TMal

    Man in Oregon goes to jail for thirty days for collecting rain water on his property yet no one at Goldman Sachs will be charged for the myrid of illegal transactions they conduted and probably still conduct to this day. Thomas Jefferson is turning over in his grave!
    We are rapidly accelerating to an economic breakdown. 100 million on welfare and growing… unsustainable. Postal service is defaulting on pension payments. What happens when the US gov’t defaults and the SS, welfare, and all the government checks are worthless? You will have hundreds of millions angry and desperate Americans! That is what the gov’t is preparing for they know it is coming!

    • TFox

      I have it on good authority from a family member somewhat high in the military that they have been briefed on the gov’t expecting a gov’t shutdown in 2013… take it for what it’s worth.

  • http://AwareAndPrepared.com William

    Michael, I hope this gets looks at first so you can snag it. I looked for a direct email address and could not find one. I would like to see what it takes to reprint some of your articles on my blog http://AwareAndPrepared.com in a similar fashion to shtfplan.com

    Of course I would keep all back links and attributes to you intact. As I am very new to this I do not really know the proper protocols.

    William Feller
    william@awareandprepared.com

    • Michael

      William:

      Yes, please always feel free to republish any of the articles. I always give others permission to do so. My philosophy is that the more people that see these articles the more good they will do.

      I am always honored when others feel the articles are valuable enough to post on their own sites. If you have any questions about this please let me know.

      The more we can get these articles on other sites, posted on Facebook, posted to Twitter, etc. the better.

      Michael

  • http://www.infowars.com Anon

    According to the U.S. Constitution, only the U.S. Treasury should print the currency, the medium of exchange, as UNITED STATES NOTES (as Lincoln and Kennedy did) – at NO INTEREST to the people. The way it works now, privately-held Central Banks (the TBTF Banks, like Goldman Sachs, JP Morgan, et al, who OWN and CONTROL the so-called “Fed”) create the currency (Federal Reserve Notes), out of thin air, lend it to the U.S. Government, to be paid back WITH INTEREST, by the people (taxpayers), to the Central Bankers, so that they can live well, doing essentially nothing, but, creating “money” (worthless, paper, fiat currency) out of thin air – engineering economic crises, like the 2007/2008 Mortgage Loan Debacle, force Congress to go along with them bailing themselves out, to the tune of – at least – $20 TRILLION, all to be paid back, with interest, by the taxpayers of the United States, at a time, when UNEMPLOYMENT is the highest it has been, in DECADES, and more people than ever, are on food stamps. (Hint: END THE FED!)

  • Pastor Glenn

    The USA has about 5% of the world’s population, yet we possess something like 1/3 of the total number of guns in the entire world – including all the armies, navies, and police.

    If I were a uniformed police officer (especially one who’s abused the public), a uniformed TSA person, a banker (especially a NY banker), IRS or politician of any stripe in the US – I think I’d be quietly packing my stuff and leaving, about now.

    Because when the fit hits the shan….. I’ll let you finish the sentence, folks.

    May God help us all.

    • Mal R.

      I have a cop that lives in my neighborhood falsify evidence against me (in a fireworks charge). Not to mention what a royal prick he was. It cost me beucoup moola and probation and I’ve been considering some kind of payback ever since. And that isn’t the only instance I’ve had or heard about with that butthole.

      You’re right. May god help us all.

      • Mal R.

        For all you less than intelligent people out there. I dont mean like attacking the guy or anything.

        I mean like using fertilizer on his lawn in the form of the word “D**K” or TPing his house on halloween and harmless crap like that.

        • http://windgenerators-forhomeuse.info/ Tom

          “like using fertilizer on his lawn in the form of the word “*******” or TPing his house on halloween”

          Yeah ! That will teach him !

  • http://www.survive2balive.com GA

    There’s no stopping the spiral. People don’t know how we got in this mess because most people don’t even know we are in a mess. Thanks to the mainstream programming we have a nation full of people who will have the ba**s to look surprised when it collapses or when they are standing in lines waiting for handouts. Prepare folks, expedite your preparedness because there will be pain.

    • Mal R.

      “People don’t know how we got in this mess because most people don’t even know we are in a mess. Thanks to the mainstream programming … ”

      They either dont know or have been so blatantly propagandized (on top of being incredibly stupid in the first place) that they have absolutely no clue what the real reasons are. It’s been them damned evil Rethuglicans, Right Gary2.

  • http://TheEconomicVoice Gregge Johnson

    The IMF and CIA shot Kennedy for printing money..If we could secretly have congress vote to print our own money. There would be 100 senators and 435 congressmens funerals.

    • http://www.marijuanaparty.ca Blair T. Longley

      The established systems are the result of the prolonged triumph of the methods of organized crime. The same old confidence tricks that have been around for a very long time are being played out again, on ASTRONOMICALLY AMPLIFIED SCALES.

      There is nothing new, except for the now unknowable ways that multiplying those quantities by billions, trillions, and quadrillions of times, must eventually result in a qualitative change of state, to transform into something ???

      Our current situation was the result of the methods of organized crime, where those politicians who could not be bribed or otherwise intimidated, were assassinated instead. (With a few exceptions, like the almost miraculous survival of President Andrew Jackson, through the banksters’ attempts to assassinate him.)

      It was ALWAYS a combined money/murder system. Money was always backed by murder. All bartering took place inside some context of possible robbery, and robbery was the bottom line of the possession of any property. There is no private property outside of some system of public violence.

      Another comment posted here mentioned the astonishing fact that the USA has one third of all the guns in the whole world. (E.g., the privately owned guns in the USA far exceed all the guns in both the Chinese and Indian armies combined!) However, all the gunpowder weapons in the world are practically nothing compared to the power of weapons of mass destruction!

      That is WHY having a global electronic fiat money frauds, backed by atomic weapons, has kept on going and going, and WHY the collapse of such a system in the USA goes off any rational scale which can be comprehended or possibly prepared for.

      The bottom line is that progress in sciences, such as physics and biology, have nothing comparable in political science.

      Human ecology and political economy are necessarily based on scientific understanding of the methods of organized crime. Money was, is, and always will be based on robbery, backed by murder. The philosophical origins of that are through the processes of subtraction, and those give rise to the paradoxes of the limits to measurement. That is, money as measurements automatically becomes money based on murders.

      The ONLY theoretical solutions run head on into a collision with the essential nature of militarism, which is that success in war was based on deceits, where spies were the most important soldiers. That drove the compartmentalized social pyramid systems, where the shadow covert governments, like the layers of an onion, controlled the overt governments operating in the public light. Those operating secretly in the shadows could bribe, intimidate, and assassinate those operating out in the open.

      Therefore, there are no facile solutions, since systems are controlled by their most labile components, and, in the human world, that means controlled by those who are the best at being dishonest and violent, which drives societies to go down their paths of least morality. Civilizations can not change the laws of nature with respect to the flow of their energies down the path of least resistance, other than by organizes to try to change what those paths of least resistance are.

      The most astonishing paradox is the way that progress in science, based on understanding more truth, has looped around to enable some people to become vastly better at being dishonest and violent. Thus, the debt controls, which were always based on the death controls, were ASTRONOMICALLY AMPLIFIED!!!

      There is no way backwards … IF the human experiment is to continue, then we must develop political science enough to enable human ecology and political economy to operate better murder systems, to sustain better money systems. Nothing less than that! To do so, our political science we have to assimilate more of the ways that postmodernizing physics and biology are converging with ancient mysticism! There is no way to put the genies of the genius of sciences back into their bottles. There is no way to go backwards to any system that worked well enough in the past, other than after the extinction of the human species.

      We are going to be forced to go forwards. We are going to have to adapt, in one way or another, to having electronic communications, backed by atomic weapons, etc. … More than anything else, it is the American Dollar and the American Military, that is going to have to go through those transformations! BOTH our money system and our murder system, or our debt controls and our death controls, are eventually going to be pumped up to such ASTRONOMICAL MAGNITUDES, that some unknown, and now unknowable, changes in quality must result from such quantities.

      Militarism was always the oldest and the best developed of social sciences. However, it also suffered the most acutely from its successes being based on triumphant deceits. (That too then became the core of our financial systems.) The 12th and 13th things that can happen after your country becomes enslaved by banksters with advanced technologies is that their entire money system, and murder system, goes through revolutionary changes in state.

  • Rodster

    At least we can fix this debt problem with more debt. ;)

    -P. Krugman

  • NorthernCanuck

    Interesting article on preppers from Bloomberg, posted here on a ‘Fair Use’ basis:

    “Can I Sell You an Underground Bunker?

    By Victoria Black

    Aug. 7, 2012 (Bloomberg BusinessWeek) — When CBS broadcast fictional reports that an invading army of Martians was slaughtering thousands in the streets of New York, listeners across the country panicked. “New York destroyed; it’s the end of the world,” the New York Times quoted (paywall) an Indianapolis woman screaming as she ran into a church. “You might as well go home to die. I just heard it on the radio.” Orson Welles incited this chaos 74 years ago, when he performed an adaptation of H.G. Wells’s novel The War of the Worlds over the air.

    These days, a radio show about the end of the world airs on weekend nights from a bunker in Dallas. But instead of pretending aliens are invading, its host, Scott Bales, 42, tells his audience what to do if this or other catastrophes—such as a large meteor hitting the planet, nuclear war, or a dollar crash—actually happen.

    Bales is a prepper, shorthand for someone who devotes time and money preparing to survive cataclysmic events. He’s also an entrepreneur capitalizing on preppers’ fears. His 64-person company, Deep Earth Bunker, builds fortified shelters. Fees for a simple bunker start around $50,000 and climb above $10 million and Bales says he’s sold more than 1,400 to “hard-core preppers who are either rich or [they’re] poor and save their money.” Two reality shows that made debuts earlier this year have helped his business: National Geographic Channel’s Doomsday Preppers and Discovery Channel’s Doomsday Bunkers , which featured Bales on each of its episodes this spring, sparking nearly 16,000 requests.

  • NorthernCanuck

    Oops! Should have had my morning coffee before posting that article! The “I took a look at the Equipped To Survive Foundations website and found some very informative ‘true life survival stories – lessons learned’ at http://www.equipped.org/srvstoriestoc.htm – well worth reading…” was actually my own, not the writer of the article’s – I accidentally added it in the wrong spot.

    And the link to the original article itself is http://www.bloomberg.com/news/2012-08-07/can-i-sell-you-an-underground-bunker-.html

    Time for that coffee…:)

  • tim

    another great article mike, I have tried to link the article but I cannot its on fidelity . com the headline is us banks told to make plans for preventing a collapse,these plans were secret and went out to banks 5 years ago,just in case anyone here thinks mike is making all this stuff up,again thanks mike for all your hard work,god bless you and your family

  • sharonsj

    The U.S. is in debt because of two unfunded wars–both of which are completely unnecessary–and a drug program for seniors where the government is prevented from negotiating for lower prices. And why? Because Congress is corrupt and they and their friends are making huge profits from death and misery.

    Throw in the fraudlent banks, which are just as corrupt, and you have the powers that be finding every possible way to rip off not only people but entire countries. The only way out is to nationalize the banks and our resources, cancel all debts, throw out most of the incumbents, and start over.

    Unless we have radical changes, this country will soon be the same as Spain and Greece: indebted forever to the banks with 99% of the population the same as serfs, serving the 1%…if they let us….

    • Mal R.

      “The U.S. is in debt because of two unfunded wars”

      WOW! you totally nailed it puddin’. US Debt hasn’t been increasing exponentially since the late 50s early 60s. It’s ONLY been that evil George W Bush’s wars for oil.

      “The only way out is to nationalize the banks and our resources, cancel all debts, throw out most of the incumbents, and start over.” Name for me the country that was successful like you envision under this kind of system. LMFAO – Barf! Unfortunately honey, your own phiosophy is going to keep you a serf.

      • k

        she might be wrong about nationalising resources, but she is right about the unfunded wars which are proving to be a bigger and bigger drag on the already weakening american economy.

        • Mal R.

          Drag yes, but not quite the drag the thousands of wealth redistribution programs and tax games are huh.

          • k

            It depends on which side of the aisle you are. Republicans supporters view welfare as drag and democratic supporters view wars as drag.

            And unbiased people see both as drag.

      • Gay Veteran

        Federal debt started expoding under Reagan

  • Jodi

    Great article, #10 is heartbreaking. How can anybody abandon their kids?

    • Mal R.

      How can anyone EAT their own children like is widely rumored to have happened during Stalin’s Holodomor (That’s Stalin’s Holocaust against the Ukrainian’s for those that dont know. Yea it was also MUCH worse than Hitler’s against the Jews).

      Hey Sharonsj, You may wanna educate yourself. Read that link and you’ll find out what happens when resources are nationalized.

  • SidDavis

    You say that there is nothing stopping government from printing up new money and spending it into circulation as a means to fund their spending.

    As the Constitution was being written, this issue was debated. In the first draft Congress was authorized to coin money and emit bills of credit. Bills of credit are paper money that the government issues and spends into circulation. After the debate, the “emit bills of credit” provision was deleted. Their intent was clear.

    The Founding Fathers had seen what happened when they emitted bills of credit to pay for the Revolutionary War. These “Continentals” quickly lost value which is another way of saying that they caused prices to rise relative to these bills of credit. The Colonies had experimented with issuing bills of credit to pay for some of the things the Colonial governments wanted to buy but didn’t have the money to pay. In every case they caused prices to rise (they lost purchasing power). In every case they caused a boom, followed by a bust. This boom / bust cycle was driven because the spending of the newly created money stimulated economic activity but caused prices to rise. At higher prices there was less that could be bought so economic activity was then depressed.

    The idea that government can print its own money and spend it may sound appealing to some people because it looks like they can operate without taxing us. But this is an incorrect assumption. The economy is just an operation to produce and consume wealth. If government consumes wealth that is produced in the economy, then there is less wealth to be consumed privately by individuals and businesses. There is no free lunch. More government consumption of wealth requires that wealth, which is produced in the private economy, must be transferred from the public to government. All government printing and spending of its own money does is create an invisible way to do it (a tax) on top of what it takes from us openly in the tax system.

    But because the inflation tax is not well understood, government can become much larger and intrusive than it could without printing money. And I remind you that the more government we have the less freedom we have.

    While I agree that the present system of banks creating money out of thin air and loaning it out at interest is an evil system of theft designed to benefit bankers which eventually ends in economic depression, I do not agree with the alternative you suggest could happen. The answer to economic prosperity is to use sound money like gold or silver coins, where the money supply cannot be easily inflated and where the need for more or less money in circulation is regulated by the free market through the balance of the desire for more money and the cost to mine, refine, and coin it.

    • k

      Thought provoking comment.

    • ycmgh

      This is interesting. I understand that the British were intentionally flooding the mkt with currency in the War of 1812, could something similar been happening during the revolution. Ben Franklin was in favour of scrip and attributed the colonies flourishing to it. In fact, the Stamp Act was a law enacted to get around the use of colonial money, because the taxes had to be paid in…… GOLD or other commodities.

    • http://libertyrevival.wordpress.com liberty revival

      how can debt-free notes be bills of credit? bills of credit are notes of debt. sovereign currency is much different than interest-bearing debt. if anything, the national debt and treasury bonds are bills of credit and unconstitutional. the government should print notes rather than issues bills of interest-bearing debt. the tax payer should be slaves to the public, not to lenders. that is when usury corrupts a government and destroys a nation.

      silver does play a symbolic role. in building the roman empire, it was the expensive currency, not the cheap currency, until gold became the expensive currency in 50 bc and silver became the poor man’s currency. before 50 bc, bronze coined by the government was the poor man’s currency.

    • GSOB

      Very good.

      Enjoyed your insight SidDavis

  • carroll price

    “So why isn’t anyone proposing that they go to such a system?”
    Well, it just so happens that Ron Paul(who was shot down by the RNC & estabishment news media as a presidential candidate) has for the past 30 years proposed (actually insisted) that we abandon the private Federal Reserve banking system and go back to issuing our own interest-free currency. But he got no where because the average American is too stupid to understand how 2 & 2 can equal 4, must less understand anything about high finance.

    • SidDavis

      Nothing could be further from the truth. Ron Paul does want to end the Federal Reserve fractional reserve banking scam which transfers huge amounts of wealth to bankers as borrowers pay interest on the checking account balances that are created out of thin air and loaned to the public. But he does not advocate having government print their own money. The Constitution clearly authorized Congress to COIN money and regulate the value thereof. It does not authorize them to print money.

      If you ever read Ron Paul’s book, The Case For Gold, published in 1982, you would understand that he favors gold and silver coins as money and favors a 100% reserve requirement for any bank that accepts deposits of these coins from customers. He would never endorse government printing of money and spending it into circulation.

      The reason Ron Paul did not gain traction is simply because most people want government to take care of them and don’t care about giving up freedom to gain what they think is security. Boy are they in for a big surprise as we have financial, economic, and political collapse as the current unstable, unsustainable, unconstitutional, fraudulent monetary system reaches its end point.

  • Yasir

    As always a very well written article.
    GOD Bless America.

  • Bodge

    I suggested the very same Idea to my local MP and his answer was very short and sharp:

    “We will end up with hyperinflation and the money will be worth nothing in no time at all”

    He would not discuss such a ridiculous idea any further and the matter was closed. Thats ANOTHER reason why the system failed, closed minds, fixed attitudes and ridiculous system sycophants who for some reason have their heads firmly entrenched in their backsides.

  • michelle

    The idea of abandoning one’s child or children is so awful…it really brings this situation home.

    So sad.

    We have to get rid of the banks. They serve no purpose but to leech off the livelihood of the people, profiting off misery.

    • stevefraser

      This was Marx’s dream….and we’ve seen how that worked out, right?

  • doctor blue

    The answer is simple:
    Print money, LIKE THERE IS NO TOMORROW, Print ONLY on one side of newspaper notes to save time & money, print 24 hrs, have every print shop in amerika printing legal tender and then use that mony to pay off the bankers and the 1.5 Quadrillion owed in derivatives World wide.
    Time is short, PREP hard, Prep fast.
    Gold will NOT feed you, Silver will NOT keep you warm and Diamonds will NOT protect your family.
    Oh, and while I am at it, how do you like your rat meat? Well, Medium Well or Rare? There is a bill to pay and I am affraid we will ALL have to pay our share, no matter our situation, or status (exept unless you are a banker), we will ALL have to pay this bill!!!
    I hope you enjoy sitting around a camp fire, eating the neighbors pet, sleeping outdoors and drinking water from a nearby stream cause that’s where we are headed!!! HELL ON EARTH!!!

    • Zedge Hero

      Gold and silver has been traded for food longer than anything else besides food itself so unless you think we are going back to 2500 bc then you are wrong on your gold and silver thought -damn troll got me again-arrrgh

  • erheault

    Unfortunatly the above is the truth we will eventually have to pay the piper, The only question is when.

  • 1stVArifleman

    “Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”
    Sir Josiah Stamp (Head of the Bank of England)

    “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
    Lord Acton

    “And the men who loan money to governments, so called, for the purpose of enabling the latter to rob, enslave, and murder their people, are among the greatest villains that the world has ever seen. And they as much deserve to be hunted and killed (if they cannot otherwise be got rid of) as any slave traders, robbers, or pirates that ever lived.”
    Lysander Spooner

    “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
    Thomas Jefferson
    [*Jefferson’s true quote: “The system of banking [is] a blot left in all our Constitutions,
    which, if not covered, will end in their destruction…
    I sincerely believe that banking institutions are more dangerous
    than standing armies; and that the principle of spending money to
    be paid by posterity… is but swindling futurity on a large scale.”]

    “History records that the money changers [(bankers)] have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.”
    James Madison

    “If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”
    George Washington

    “No generation has a right to contract debts greater than can be paid off during the course of its own existence.”
    George Washington

    “No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.”
    George Washington

    “The refusal of King George III to allow the colonies to operate an honest money system. Which freed the ordinary man from the clutches of the money manipulations was probably the prime cause of the revolution.”
    Ben Franklin

    “All the perplexities, confusion and distresses in America arise not from defects in the Constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.”
    John Adams

    “Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”
    John Adams

    “The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.”
    Aristotle

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
    Napoleon Bonaparte

    We have stricken the shackles from 4,000,000 human beings and brought all labourers to a common level, but not so much by the elevation of former slaves as by reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal the ugly fact that by our iniquitous money system we have manipulated a system of oppression which, though more refined, is no less cruel than the old system of chattel slavery.
    Horace Greeley (adviser to President Lincoln, and Presidential Candidate against Grant)

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
    Woodrow Wilson

    LONG LIVE THE CONSTITUTIONAL REPUBLIC!
    SIC SEMPER TYRANNIS!
    III

    Fortune Favors the Brave:
    “And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the money changers, and the seats of them that sold doves, and said unto them, ‘It is written, My house shall be called the house of prayer; but ye have made it a den of thieves.'”
    Yeshua/Jesus of Nazareth: Holy Bible, Mathew 21: 12-13

    “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out and by the grace of the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”
    Andrew Jackson

    “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one at my rear is my greatest foe.”
    Abraham Lincoln

    “Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
    James Garfield

    “The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizen of this plight.”
    John F Kennedy

    “What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson’s day must be fought over again… The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted, and betrayed as they are in their own land, will rise in their wrath and send a President here who will sweep the money changers out of the temple.”
    Louis McFadden

    *All these men, besides Andrew Jackson, were killed for their actions against the money changers. Jackson luckily lived through the assassination attempt on his life, due to the fact that it was a humid day and both flint lock pistols misfired. Immediately following the attempt, Davy Crockett, Jackson’s associate, and Jackson put a devil of a whipping on that Rothschild SOB.

    • ycmgh

      Awesome quotes!!! thx.

    • http://libertyrevival.wordpress.com liberty revival

      some of those quotes are misattributed.

      here are some good and easily verified quotes…

      “And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers.” — Matthew 21:12 (KJV)

      “If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury.” — Exodus 22:25 (KJV)

      “And if thy brother be waxen poor, and his means fail with thee; then thou shalt uphold him: as a stranger and a settler shall he live with thee. Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.” — Leviticus 25:35-37 (KJV)

      “He withholds his hand from sin and takes no usury or excessive interest.” — Ezekiel 18:17 (KJV)

      “Thou shalt not lend upon usury (interest) to thy brother, interest on the money, or on anything that is lent with interest. Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the Lord thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it.” — Deuteronomy 23.19-20 (KJV)

      “He that putteth not out his money to usury, nor taketh reward against the innocent, he that doeth these things shall never be moved.” — Psalm 15:5 (KJV)

      “Those who charge usury are in the same position as those controlled by the devil’s influence. This is because they claim that usury is the same as commerce. However, God permits commerce and prohibits usury. Thus, whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgement rests with God. As for those who persist in usury, they incur Hell, wherein they abide forever.” — Koran 2:275

      “God condemns usury, and blesses charities. God dislikes every disbeliever, guilty. Lo! Those who believe and do good works and establish worship and pay the poor-due, their reward is with their Lord and there shall no fear come upon them neither shall they grieve. O you who believe, you shall observe God and refrain from all kinds of usury, if you are believers. If you do not, then expect a war from God and His messenger. But if you repent, you may keep your capitals, without inflicting injustice, or incurring injustice. If the debtor is unable to pay, wait for a better time. If you give up the loan as a charity, it would be better for you, if you only knew.” — Koran 2:276-280

      “O you who believe, you shall not take usury, compounded over and over. Observe God, that you may succeed.” — Koran 3:130

      “And for practicing usury, which was forbidden, and for consuming the people’s money illicitly. We have prepared for the disbelievers among them painful retribution.” — Koran 4:161

      “The usury that is practiced to increase some people’s wealth, does not gain anything at God. But if people give to charity, seeking God’s pleasure, these are the ones who receive their reward many fold.” — Koran 30:39

      “Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.” — Thomas Jefferson, Letter to John W. Eppes, 1813

      “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” — Thomas Jefferson, Letter to John Taylor, 1816

      “I hope we shall take warning from the example and crush in it’s birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength, and to bid defiance to the laws of their country.” — Thomas Jefferson, Letter to George Logan, 1816

      “Once a nation parts with the control of its currency and credit, it matters not who makes the laws. Usury once in control will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of Democracy is idle and futile.” — Prime Minister of Canada, William Lyon Mackenzie King, radio broadcast, 1935, parliament speech, 1934 (Ottawa Citizen, August 3, 1935)

      “It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” — Thomas Edison, New York Times, December 6, 1921

      “Gold and money are separate things, you see. Gold is the trick mechanism by which you can control money.” — Thomas Edison, New York Times, December 6, 1921

      “The gold standard has, in my opinion, the serious disadvantage that a shortage in the supply of gold automatically leads to a contraction of credit and also of the amount of currency in circulation, to which contraction prices and wages cannot adjust themselves sufficiently quickly.” — Einstein, The World As I See It, 1934

      “According to this theory, it is possible to avoid a collapse following a period of credit expansion simply by converting the existing volume of bank credit into actual money having an existence independent of the debt, and at the same time take away the banking system’s privilege of creating any more credit, i.e., force the banks to confine their lending operations to the lending of existing funds.” — Robert de Fremery, “Banking and Monetary Reforms To Preserve Private Enterprise,” 1956

      “Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal — that there is no human relation between master and slave.” — Leo Tolstoy, What to Do?, 1887, English Uncensored Edition

      “Connected with this subject is the character of the currency. The idea of making it exclusively metallic, however well intended, appears to me to be fraught with more fatal consequences than any other scheme having no relation to the personal rights of the citizens that has ever been devised. If any single scheme could produce the effect of arresting at once that mutation of condition by which thousands of our most indigent fellow-citizens by their industry and enterprise are raised to the possession of wealth, that is the one. If there is one measure better calculated than another to produce that state of things so much deprecated by all true republicans, by which the rich are daily adding to their hoards and the poor sinking deeper into penury, it is an exclusive metallic currency. Or if there is a process by which the character of the country for generosity and nobleness of feeling may be destroyed by the great increase and neck toleration of usury, it is an exclusive metallic currency.” — William Henry Harrison, Inaugural Address, March 4, 1841

      “If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.” — William Jennings Bryan, Democratic National Convention, July 9, 1896

      “We say in our platform that we believe that the right to coin money and issue money is a function of government… Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.” — William Jennings Bryan, Democratic National Convention, July 9, 1896

      “The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.” — Henry Ford, My Life and Work, 1922

      • http://libertyrevival.wordpress.com liberty revival

        the edison quotes are my favorite. einstein was also impressive.

      • http://libertyrevival.wordpress.com liberty revival

        the mackenzie king quote is also a very good one. we can credit mackenzie king, gerry mcgeer, louis even, the pilgrims of st. michael, and the catholic church for the public banking system that existed in canada from 1935 to the 1970s.

  • justanoguy

    Michael,

    One of your best posts yet. Using facts of the realities of what is happening in other countries right now that became enslaved to the banksters and being really, really simple about it all is very, very effective.

    Anybody that knows how to read should be able to understand this post…

    Good Job!

    • Michael

      justanoguy:

      Thank you. :)

      Michael

  • John Jackson

    The writing is on the wall people. This is a time to lose your wealth or prosper. Learn how protect your assets and thrive in the coming years…

    http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=e6b01db8

  • JOHN
  • K

    Great article. Let me add a question. Why have the people mostly stood aside, and let it happen? I am a product of the 1960`s. We took to the streets, for civil rights, and we won. We took to the streets, against the Vietnam war, and we won. We fought for 18 year olds, to be able to vote, and we won. And yes, some even died, at Kent State. Where are the ones to stand up and say NO today. They seem to be strangely absent.

  • jsmith

    Every time I try to show my immediate family these articles, they call me a doom and gloomer! I have given up, and I’m only concerned with myself. Keep the articles coming Michael!

    • Michael

      jsmith:

      Thank you for trying to spread the word.

      I think over the coming months a lot more people will wake up as things begin to really unravel.

      Michael

  • http://www.facebook.com/BankAndPoliticianFinancialCorruption CoreyG/Texas

    Now is the time to join forces with those you would not normally consider.
    This is all starting to leak out to the main stream media… finally. We just need to KEEP THE HEAT on them. We will soon be posting new petition and email campaign info as well as protest ideas. We just need more people following this group and we can use resources from the Tea Party, Occupy and other groups. THEY win as long as they can keep us arguing with each other.
    WE need to come together with people we wouldn’t normally work with to bring these criminals DOWN! Spread the word, others have carried the load of exposing this activity. Now we the people NEED to come out and make it a major issue in the news and in this political cycle.
    Sign this Online Petition as a start to put EU Bankers in Jail (We need others):
    http://www.avaaz.org/en/bankers_behind_bars_f/
    JOIN US, this is YOUR cause too:
    http://www.facebook.com/BankAndPoliticianFinancialCorruption

  • Barn cat

    It’s more than just the bankers. There’s a revolving door between the central bank, the big banks, and the government. Corzine went from Goldman Sachs to governor of New Jersey to stealing millions from MF Global investors. He’ll never go to jail because he’s a big bundler for Obama. The central banks lowered interest rates to near 0. That caused housing bubbles everywhere. The governments borrowed a ton of money to buy votes. Austerity is done in such a way as to contract the economy. It’s all a deliberate act to create a collapse big enough to force countries into a one-world government.

    • some information

      “Move to amend.org” and its local chapters is informing the public about that revolving door and the money gates opened by the supreme court decision to give cooperations the same rights as a natural person.
      It has petitions going for to Amend the 14.th. Amendment.

      Its a small start, but we have to start somewhere.

  • M. Hapney
  • Yang-chu Higgins

    Very good article, but it seems to have gotten derailed at the end. The “gold-standard” has absolutely NO bearing on the ability of a sovereign state to produce its own money. A gold-standard artificially constricts economic activity, which is what accounted for the massive protests against the banks at the turn of the 20th-century. At the time, populists like William Jennings Bryan were advocating for the silver standard.
    Anyway, stone-age associations of money with gold and kings and the “storage of wealth” rather obscures the plunder to lives and land. For what? Stupid gold, since at least the Crusades. Until “currency” is viewed more as a language, that is a symbolic information system, we’re bound to be duped by any crackpot “solution” that is proposed, the gold standard definitely being the most touted and ill-informed among them.
    I strongly recommend David Graeber’s Debt: The First Five-Thousand Years. It addresses many fallacies and assumptions held by brainwashed economists. It’s an indictment of the entire field, while providing careful historical examples of credit systems and their functioning in real life examples. And as the title suggests, the historical breadth is daunting.

    • http://libertyrevival.wordpress.com liberty revival

      exactly. it is the bankers again doing the bait and switch between two false paradigms which are essentially the same. a gold standard is a debt/usury standard. as edison stated, it is just a trick mechanism of bankers and as einstein stated as being insufficient since it leads to a credit contraction. there is no difference between the two. the different monetary system which has had much success is a monetary system where the coinage is issued cheaply by government.

      1. the bronze and silver coin built rome from 270bc to 50bc.

      2. washington won the american revolution with the continental and maintained some value despite massive counterfeiting by the british navy.

      3. lincoln won the civil war with the greenback. the greenback traded on par with gold according to the 1:3 reserve ratio until it was demonetized during the crime of 1873 ironically by u.s. grant.

      4. the british empire was built on the tally stick.

      5. iceland became the richest nation per capita with a public banking system introduced in 1935 until the 70s when they went on a frb. then, they became the most indebted nation per capita.

      6. canada and new zealand also had a public banking system from 1935 until the 70s. many muslim nations also have a public banking system.

      7. the gold coin destroyed rome in 50bc and lingered around until the great depression of 1935. china was the only nation to survive the great depression because they were on a silver standard while the rest of the world was on a gold standard.

    • Barn cat

      The gold standard protects the value of everyone’s money. It can’t be inflated away. That’s what happens with fiat currencies.

  • http://www.OnlyWay.com David McElroy

    When the regime becomes so oppressive as to make living within the law impossible, people will choose to live outside the law. The elite long ago rigged the legal system to rob us six way from Sunday, and now openly targets us for “population reduction” while denying us any rights they find inconvenient. The elite are so morally unfit. Live free or die trying!

  • Gary2

    Four GOP House Staffers From Michigan Indicted for Election Fraud.

    Voter Fraud: 4 GOP Staffers Indicted in “Blatant and Disgraceful” Election Fraud

    More GOP republican vote fraud. These MF are the real fraudsters just like that fraud in waukesha county that “found votes” on her hard drive.

    http://politic365.com/2012/08/09/4-republican-staffers-indicted-for-blatant-and-disgraceful-voter-fraud-in-michigan/

    • Mal R.

      Ahh brilliance once again.

      Do you have anything to say about the RAMPANT democratic fraud thru leftist organizations like ACORN and the unions?

      The people you approve of (and are) “find votes” from the dead, cartoon characters, illegal aliens, duplicate voters and the like more often than not.

      What do you think of that scum bag Al Franken occupying the senate, having won by leftist voter fraud?

      Whats the difference? You point out some scum bag GOPer doing fraud, but with Democrats it runs right up to include the support of the party and your president Obamster.

    • Mal R.

      BTW Gary, back on the subject of the story – you know being enslaved by bankers. I know you approve of slavery but what do you think of John Corzine and the mega billions in fraud by his organization not being prosecuted by his good friends in the administration?

      What do you think of this one too Gary? Sentinel ruling may hurt MF Global clients” A court here in the Peoples Republik has decided that you have no right to the money you put into an investment firm or YOUR BANK. If you dont posess it, then you have no real legal right to it. This is under a far left administration. I thought you people were the good guys and conservatives were the evil ones.

      • Mal R.

        I thought Obama was going to heal all the evil reaped upon this nation by evil GWB.

  • Antonio Gonzalez

    ” One study found that 64 percent of all Americans have less than $1000 in the bank”.

    But other having billions, it’s the law.

  • Rocky Bleier

    There’s a great video on YouTube done by Tony Robbins wherein he explains in a very unique way how taxing the rich will not even begin to solve the problems we’re facing. It’s called, “The National Debt and Federal Budget Deficit Deconstructed.” I urge you all to take 20 minutes out of your day and watch it.

  • Nam Marine

    We should do what Iceland did and throw all the Bankers out of the Country or put them in prison!

  • Astraea Shaw

    I keep on asking, desperately, why does anyone have to pay with real money made with their real work and from their real actual resources, something that cost these so called bankers NOTHING???

    How can anything be owed for what cost NOTHING???

    Why not just sign a cheque – or a check _ for whatever they say is owed to them? Give them phantom mpney for their phantom “money”.

    Everything the now possess must be taken from them and returned to the rightful owners – and they mist be arrested, tried in open court and convicted. What happens to them should be discussed.

    Wayne Madsen thinks a good way to deal with them would be to sentence them all to hard labour for life which they would carry out each day watched by anyone who would like to see, behind thick glass, and then at week-ends they should be in stocks in public places such as outside of the Houses of Parliament in London and the Mall in Washington DC. While in stocks tourists could come each weekend and they could throw rototen tomatoes and rotten eggs a them – just like the Middle Ages!

    That seems suitable since they are trying to send us back to feudalism – IF we are lucky to survive what they have in store for us at all.

    But, PLEASE, someone explain to me why we own them anything. WHAT is owed except for phantom money?

  • Jason

    My bug-out plan is in the PRC.

    JJ The Fed

  • Don Levit

    Michael:
    I am shocked and a bit perturbed about your logic.
    The fellow who wrote earlier about why our founding fathers did not want to simply print money out of thin air, without interest, etc. seems to make a lot of sense.
    I cannot atttest to the accuracy of his statements, but from a Biblical perspectivbe, not paying back loans, is like robbing from God.
    As far as our government is concerned, the only parts of the loans they have paid back for the last 40 years IS the interest. At least doing that provides some semblance that the principal has a tinge of reality.
    Money in hand today is worth more than the same money in hand tomorrow.
    That is why interest is mandatory for loans.
    Interest-free loans are actually considered gifts, for the portion of interest that is negated, and income must be paid on this foregone interest.
    It makes a lot of sense.
    What you espouse would be great as a fairy tale; it gives us something to hope for, even if that hope has no base in reality or logic.
    Don Levit

  • Skip Flipto

    #12-Start World War III®.

    • mondobeyondo

      YIKES!
      Imagine the U.S. television coverage…

      “This NBC* broadcast of the U.S. invasion of Iran is brought to you by the fine folks at Splenda! Calorie free, tastes as sweet as sugar, and an all natural sweetener made from stevia plant leaves! Splenda!! On sale at Wal-Mart today! Buy some this evening, in fact right now, before Tehran gets smacked again!

      Back to our regularly scheduled programmimg…”

      *picking on NBC because of their atrocious Olympic coverage!! Ugh!!

  • none

    GOOD NEWS: Micheal.

    I just bought a Zero water filter”. After I watched a PBS special on the frog species disappearance.
    They showed the frogs around suburban area ponds are being saturated with so many different pharmaceutical drugs. (That don’t break down after usage). That the frogs are being sterilized.
    In agriculture area, male frogs are being turned into reproducing females. After being exposed to 1/3 one third the safe level of pesticides approved by E.P.A.

    • Barn cat

      The EPA uses arbitrary standards for everything. They’re the environmental Nazis that keep people from using or selling their land if they decide it’s part of a wetland or because some animal, plant or even insect lives there.

  • |Grumblepa

    The only thing stopping a nation from making its own debt free money are the politicians that are
    sucking off of the teat of the International Bankers.

    Think of it.

    The freedom of all humanity lies with the sacking and arrest of all politicians that support the BANKSTERS, wiping our hands of the present banker caused debt FRAUD…….and a nation beginning the printing its own debt free money.

  • DiscouragedOne

    We have been set up to fail, God help us all.

    • stevefraser

      You’ve said it all.

  • Washington

    Man Sentenced to 30 Days for Catching Rain Water on his Own Property Enters Jail By Kendra Alleyne August 8, 2012

    http://cnsnews.com/news/article/man-sentenced-30-days-catching-rain-water-own-property-enters-jail

    • Barn cat

      It looks like Agenda 21 is being implemented in local law when they can do it.

  • William Jeffrey Fitzhugh

    Everyone knows who is causing this. If the countries were run by the people who lived in them and not the polticians elected to represent them. You know this would be different. The people would tell the banekrs to stick their debt up their arse. Then the bankers would be seeking safe haven. They are the same ones that have raped us time and time again. Like I said if the people made their own laws and you had ordinary citizens in control. They could not hold the people back. These are the same folks that did this in 1929. The same ones. The same ones that have been kicked out of every country in Europe. The people just won’t wake up and go out to the gated communities and the mansions and the mountain resorts and the 200 foot yachts in the harbor and pay those bankers for what they have done.
    After the 1929 crash they were supposed to have safeguards in place to stop another crash. What you will have is people will not be able to get their money. The banks will freeze your accounts and when the real crash comes they’ll take all the money out of the bank. I would not leave cash in the bank. I would buy silver coins. If they issue us new currency it won’t affect you. It seems anarchy is coming soon. People can not be ignorant for you to tell people the Jews have done it again and they want to beg to differ.

    • Barn cat

      You can’t just tell the bankers to eat the debt. The bankers’ money is really the money that belongs to depositors. If the banks fail then millions of individuals, businesses, governmental units, and nonprofits have no money.

  • wbill

    Michael I read your blog frequently,more than my wife cares for, you do areal service with what your doing. I am curious as to what monetary system you would favor, as any observation of our political system would indicate that if the government was allowed to print debt free money, then our budget would be about 5 trillion next year, and our taxes nil. Given that both are true, how would we not have rampant inflation, and then eventually hyper inflation?

    • Michael

      wbill:

      That line about your wife made me smile. :)

      As far as a monetary solution goes, I think the first step is to get rid of this current debt-based system.

      That is key.

      To control inflation, you could have a constitutional amendment that sets government spending to a particular percentage of GDP.

      And then eventually you could go to a “hard money” system in the future if you wanted.

      But if you went to a “hard money” system immediately, my concern is that you would lock in a $16 trillion dollar debt for future generations.

      I believe that it would be immoral to pass such a debt to future generations.

      We made this mess so we need to clean it up.

      We need to give future generations a future that does not include the largest mountain of debt in the history of the world.

      Michael

  • mondobeyondo

    The United States is enslaved to international bankers.
    It has been, since 1913.
    99 years ago. Can we take our country back?
    YES!
    BUT…………
    Most Americans are clueless, or don’t care, or figure it doesn’t matter to them.
    This is not the America of George Washington’s generation, or Andrew Jackson’s administration, or Abraham Lincoln’s generation, or even John F. Kennedy’s administration.

    Most people don’t care. Those who do care, won’t bother.
    As long as this attitude persists, we’ll be left with the usual:

    – Corrupt politicans, and corrupt opponents running against them
    – Higher taxes, with no positive result. A good example – education. Keep shoveling millions of dollars (soon to be billions!) toward schools. End up with high school students who don’t know what the square root of 49 is. (It’s seven, by the way.)

    A small note about space exploration, and so forth (something near and dear to my heart): The recent accomplishments by NASA and the Curiosity Mars rover are impressive. The technology they developed to land that rover on Mars is incredible – the rockets, sky crane, heat shield, etc.

    The men and women who organized and planned this landing are now mostly in their 40’s, 50’s and 60’s. They would gladly leave their legacy and effort for younger Americans.

    It begins with education, though.
    When students don’t know what the square root of 49 is, that’s not good sign. And I got an ‘F’ in high school algebra. If we don’t improve our educational system, and FAST!! – we aren’t going to make it. I’m not boasting or bragging, or trying to be a downer. Just telling you the hard, cold reality. To this day, I can’t solve a quadratic equation without looking it up online first. But try asking a Chinese or Japanese or Swiss fifth grader to do that. More than likely, they’ll ask what language they want you to tell the solution to the equation. (English… PLEASE!!)

    Already, we are failing as a nation. How many manned NASA missions, to the International Space Station, to Hawaii for that matter – are planned for the next 5 years? Name one. We rely on the Russians and maybe the Chinese for American manned space flight. The nation that landed a man on the moon, now has to beg for a ride to space. How far we have fallen.

    “Without vision, the people perish”. John F. Kennedy had a vision. We allowed his vision to die. Guess the people aren’t far behind.

    *sigh!*

  • charlie

    Politicians come and go, fed on a masonic banker controlled diet of bullshit before they even get into office. The rare few who wake up don’t wise up sufficiently and get set up by a system that has been refining its power for 200 years.

  • http://www.taxlandnotman.org Adam Jon Monroe, Jr.

    People start acting like there is no land, like nature pulled the plug and everyone is gasping for air. — Just shift all taxation to land value ownership. Everyone can just live and grow food on land nobody wants to claim. — With no other tax but land, business investment will go wild.

  • A J

    We are in huge trouble. Our government can’t keep up with the debt, which continues to increase, and what is going to happen when it can no longer make payments to citizens in the form of Welfare, Food Stamps, Medicare, Medicaid, Social Security, and so on? We will see routing, looting, and crime on a scale we have never seen in this country. People are already preparing for this and I understand gun sales are very high these days.

    Not only are things economically worse than they have ever been in the US, but morally we as a people have degenerate. Here is an example of what things used to be like here, versus what they are like now. Back in the 1940’s and 1950’s when my parents were growing up in Baltimore MD, on hot summer nights people would take blankets and pillows and sleep in Paterson Park to try to escape the heat. That would be utterly unthinkable today.

    In short, as a people, we do not possess the moral character to weather the storm that is coming. People will turn on each other in horrible ways. The whole system is going to collapse, but it will arise anew. We may be living in the last days before the Lord returns.

    • Mattyboy

      We used to keep our windows open at night to let the cool breeze cool us off. I always lock my doors and windows every night.

      • http://theeconomiccollapse tom 66 hoping to make 67

        LOCK DOWN EVERYTHING PULL MONEY OUT OF BANKS ON THURS BECAUSE WHEN THEY CLOSE BANKS FOREVER IT A FRI THEY CLOSE IT ON FIND FAMILY AND FRIENDS TO BAND TOGETHER BECAUSE STRENGTH COMES IN NUMBERS

    • http://theeconomiccollapse tom 66 hoping to make 67

      WE ARE IN LAST DAYS BEFORE TOTAL ECONOMIC MELTDOWN HOPE WALL STREET AND BANKS LIKE BANK OF AMERICA FOLD SURE HOPE THE CEOS GET BURIED OVER IT NOT GOLDEN PARACHUTES BUT UNDER THE GROUND

  • NorthernCanuck

    A little off-topic here, but this should stir some interest!

    Extract: “The man’s name is George Hussein Obama and his half-brother is Barack Hussein Obama, Kenya’s most famous son, the first black President of the U.S. and the most powerful man in the world.” That’s right, “Kenya’s most famous son”!

    – o O o –

    “Obama’s Slumdog Brother: Meet The Hopeless Drunk From A Nairobi Shanty Town Who Is The U.S. President’s BROTHER

    * Whilst the President inhabits the luxurious surroundings of the Oval Office and flies aboard Air Force One, his half-brother George Obama lives in a notorious African slum
    * George Obama has battled addictions to drink and drugs for most of his life at the same time as his relative has enjoyed a meteoric rise to power
    * The 30-year-old, who was once hooked on cocaine, says that his surname is frequently a burden to him

    By Andrew Malone

    Daily Mail (UK),
    10 August, 2012.

    As a tall, strangely familiar figure leaves his one-room shack in a notorious African slum this week, a few people jokingly call out to him: ‘Mister President! Mister President!’

    Heading for breakfast through his junk-strewn yard, stepping over streams of sewage, the appearance of this slim, angular man prompts giggles and pointing from children in rags playing in the muck.

    The man’s name is George Hussein Obama and his half-brother is Barack Hussein Obama, Kenya’s most famous son, the first black President of the U.S. and the most powerful man in the world…”

    Full story at: http://www.dailymail.co.uk/news/article-2186782/Obamas-slumdog-brother-Meet-hopeless-drunk-Nairobi-shanty-town-U-S-Presidents-BROTHER.html

    • http://theeconomiccollapse tom 66 hoping to make 67

      NO KIDDING IM SURE U VOTED DEMOCRAT ALL THE DO IS GIVE OUR MONEY TO THE WRONG PEOPLEHE IS THE WRONG PERSON IN OFFICE ITS TIME FOR CHANGE A

  • Fred

    It will not be long before America will be in bad shape just like Greece.

  • tony

    heres why I think the globalists and financial firms that all are part of the G-20 are struggling to continue to want the free markets as economic system because it does not allow them to control this issue they see as a threat .
    The top board members of most Environmental organizations are CEOs and Administrators of our Multi-National Corps and Government and NGO agencies . Did you know Hank Paulson Founded Nature Conservancy Group , second largest Environmentalists Organization in the world next to the Sierra Club ? This guy being in charge of the biggest banking firm in the private sector economy that oversees the allocation of primary funding , plus then became the treasury of the Capital system and having a environmentalist back ground like he has , most of these organizations see Capitalism as the main threat to Earth , wouldn’t you say this is a major Conflict of interest in keeping policies in line with USA Constitutional measure ???

    The power in these Organizations has become our struggle as Human beings because they see humanity as a threat to their earth .

    http://www.telegraph.co.uk/earth/earthnews/6248257/Planned-recession-could-avoid-catastrophic-climate-change.html

    http://cnsnews.com/node/75388

    http://www.nytimes.com/2011/06/08/opinion/08friedman.html?_r=1

    http://grist.org/article/2010-09-03-environmentalists-paradox-we-do-better-while-earth-does-worse/

    http://www.climatedepot.com/a/4993/Time-for-Meds-NASA-scientist-James-Hansen-endorses-book-which-calls-for-ridding-the-world-of-Industrial-Civilization-ndash-Hansen-declares-author-has-it-rightthe-system-is-the-problem

    http://www.climatedepot.com/a/2521/Greenpeace-Leader-There-is-urgent-need-for-the-suppression-of-economic-growth-in-USLifestyle-of-the-rich-in-the-world-is-not-a-sustainable-model
    This is a really good understanding of what is really driving the technocrat elites to want to fundamentally transform the current Capital system and place the control of supply-side production and the rate of consumer consumption in the hands of Governments around the world . This Professor at frame 33:00 shows what they are thinking ,
    http://www.onecommunityranch.org/permaculture-saving-humanity-and-the-earth/

    Listen to what this Top Professor at Stanford has to say about humanity , and he is a adviser to the President under his Co author and colleague Science CZAR John Holdren .
    http://www.guardian.co.uk/environment/audio/2012/apr/26/paul-ehrlich-depopulation-audio

  • Italics Mine

    In the olden days didn’t the King just kind of criminalize the bankers, or the Knights Templar, and all of a sudden the debts just disappeared?

  • Old Man

    I say this one by Michael is one of his best. But it is about a dozen years late.

    Let me qualify that: had Michael wrote this article in 2000, he would be branded as a certified lunatic, tied up in white jumpsuit, and taken away to Gitmo. His only contribution would be to kick start Gitmo in preparation for the arrivals of the other lunatics: religious-fanatic terrorists.

    A drunken society never listen to wisdom. That’s why societies and nations blow up all the time. And wisdom always come too late to do any good.

    • Michael

      Old Man:

      I am glad you liked the article. :)

      And it may be too late to avert the financial disaster that is coming, but there is still time to wake people up.

      Michael

      • http://theeconomiccollapse tom 66 hoping to make 67

        obama is the next hitler just waiting to declare martial law to nullify the election then he can be crowned king wtf hes what the bible calls the next devil in black im not that religious but he fits this scenario look up house resolution HR3202 and HR 3204 deals with martial law and internment camps and food camps for the people but as food runs out a lot of people will starve to death look at italy and spain riots and steeling from food stores this is us in a couple a months you survive only if u band together i hope some generals in washington dont follow obama can u imaninge troops firing on us citizens like what happened at kent state university well dont worry im sure a loyt of the illegals will be there hopin for another handout we are screwed. and big banks like bank of america with 292,000 workers need to die. start hoarding your cash at home or join a credit union safer food on store shelves will diminish or dissappear stock up with all that sodium they preserve it with . god im 66 and upset no way out were done and the bankers and wall street did us in if i could get them in my sight they need to disappear since regan laws have been changed to lower tax on the rich and companies that is why we are drowning

  • A.S.

    The short term solution is simple:
    1. Ron Paul wins (100% unlikely)
    2. Everything Obama and Bush signed gets overturned (100% unlikely with an unconstitutional SCOTUS, given what they have already done)
    3. The U.S. removes its membership from the U.N. and kicks the U.N. out
    4. The U.S. removes its membership from NATO
    5. The U.S. removes its membership from all free-trade (unfair-trade more likely) agreements like NAFTA.
    6. Everyone in Congress except for Ron Paul is fired
    7. Try and convict all the bankers and wall street who really caused the economic downturns.
    8. Bring back all the U.S. troops from all the illegal wars (Iraq, Afghanistan, Libya, Pakistan, Somalia, Yemen, and the two new ones, Syria and Iran)
    9. And oh, the most important one, END THE FEDERAL RESERVE

    • FxP

      Amen!

      • http://theeconomiccollapse tom 66 hoping to make 67

        very close get the bankers and the senators and gongresmen who voted lower taxes for the rich and companies even warren buffet says i should be paying more than 16% in tax wtf oh by the way a lot of our troops are home and they are being trained in civil unrest AND INTERNMENT CAMPS HAVE ALREADY BEEN SET UP look at HR3202 And 3204 what a friggin mess our gov has done but im sure every senator and congressman have enough money from all thos who gave them reelection money what corruption our forefathers would roll over in there graves seeing our country in this mess
        1 let the banks go under always draw out enough on thursdays because they close banks on fri that are in trouble pay bills using cashiers check money order coffee beans or toilet paper i wonder how many americans are living in there cars and have no food BAND TOGETHER IS THE ONLY WAY TO SURVIVE

    • Arantxa
    • Sally

      Sounds like a really good idea. I am not a US Citizen but I was so hoping Ron Paul would get in. Of course, the people wanted him but those in power knew what would happen to them if he did. Keep on trying. What you are saying is not known by enought people. Everyone needs to know the frauds, scams etc that are being perpetrated on the world poplulation.

  • SMASH THE CONTROL MACHINE

    IT IS GETTING CRAZY OUT HERE IN KANSAS,YOU CANT EVEN PARK YOUR TRACTOR IN A FIELD!!Scrap metal thieves in NE Kansas county going after radiators from farm equipment!!!!WONDER HOW MUCH THEY GET FOR ONE RADIATOR?? 50 TO 75 DOLLARS.A NEW ONE IS 500 TO 1500 DOLLARS FOR THE FARMER!!

  • SMASH THE CONTROL MACHINE

    IT IS GETTING CRAZY OUT HERE IN KANSAS,YOU CANT EVEN PARK YOUR TRACTOR IN A FIELD!!Scrap metal thieves in NE Kansas county going after radiators from farm equipment!!!!WONDER HOW MUCH THEY GET FOR ONE RADIATOR?? 50 TO 75 DOLLARS.A NEW ONE IS 500 TO 3500 DOLLARS FOR THE FARMER!!

    • http://theeconomiccollapse tom 66 hoping to make 67

      PEOPLE HAVE NO MONEY FOR FOOD A RADIATOR SELLS FOR GOOD MONEY THEN THEY BUY FOOD HOPE THE AMISH SURVIVE

  • Lennie Pike

    True.

    And – when “too big to fail” banks fail after a bad streak of gambling with derivatives, the losses get placed on the backs of governments (the ignorant “powerless” people), and is either paid through austerity, outright theft, or through the cowardly method of theft through inflation.

    As long as sound money does not exist, Central Banks, Wall Street banks, local banks etc. will exist for the benefit of the same criminal gang and their useful idiots to partially enslave the huge majority.

    The level of enslavement increases daily.

  • Gary2

    Mittens just lost thanks for ridding us of ryan.
    Huge new tax cuts for the super rich on top of extending the Bush tax cuts
    Turning Medicare into a voucher program
    Making massive cuts to vital programs like Medicaid, food stamps, Pell Grants, and job training
    New increases in military spending — even as President Obama ends two wars

    • Louise in MO

      GARY2

      My husband is a Vietnam Veteran. He has had 29 surgieries on his knews. Both of his shoulders are deteriorated and he is confined to a wheelchair.

      Because of Barack Obama’s cuts in veterans benefits, he has been waiting for eight months just to see an orthopedic!

    • Mal R.

      “Making massive cuts to vital programs like Medicaid”

      Yea, thanks Obamacare. Ahhh, ignorance. Thy name is Gary2

      “New increases in military spending — even as President Obama ends two wars”

      LMAO! When did that happen poopy pants? I’m fairly certain we have left neither Iraq, Afghanistan nor GITMO. Gary, do you like your masters to pull your hair and smack your backside while they lie to you?

      • http://theeconomiccollapse tom 66 hoping to make 67

        LOOK FELLAS THEY ARE BRINGING TROOPS HOME SO THEY CAN CONTROL CIVIL UNREST ALREADY PROVED IT IN ANAHEIM CALF. TROOPS WER MIXED IN WITH POLICE BESIDES INTERNMENT CAMPS HAVE ALLREADY BEEN SET UP ALL WE NEED IN THE BANKS AND WALL STREET TO DESTROY AND WE ARE DONE HOPE YOU LIVE NEAR A PLACE TO HUNT SO U CAN EAT BAND TOGETHER FOR FOOD AND SAFTY

    • GaryToo

      gary every article you put up a post only about your belief (probably true) on the election outcome. Never anything on topic. I will make a connection between your irrelevant obama worship post and the the topic of the thread for you:
      “As President lick lick obummer ends two wars” (not really happening 30 us casualties this week) anyway your god is putting all the decommissioned military gear from those wars into the domestic tsa and police forces domestic counter telorisssim forces. Just for you.

  • Luke

    The reason printing money won’t work is because the more you print the less the money becomes worth. There are lots of resources about why this happens (just look for it on google).

    I have a question though. If the countries are being crippled by the interest from the “bankers” they borrowed money from, is it possible for the countries to force the “bankers” to freeze all interest on the outstanding debts, and slowly pay off the remaining debt? Isn’t anyone in charge of the bankers who can force them to do this? Because the way I see it, to drastically simplify things, for every €1 the country’s borrowed, it now needs to pay back €10 with the interest – so that’s €9 that’s going to the bankers without being used to buy ANYTHING useful for the country. I’m an engineer, not a financial guy, so please correct me if I have this wrong.

    • Sally

      Luke, you say printing our own money will not work because it will be worthless. Luke it is worthless now. I do not know one western country that has any reserves to level their currency against. Which is best. Speaking at the moment for NZ. Borrow billions of dollars plus pay millions in interest, off some private banking company which we have to pay back to rebuild Christchurch after the earthquake, or print our own as much as we need to complete and perhaps charge say 1% thru rates etc. Instead many people are still in the same position as they were when the earthquake happened. Someone suggested a levy on every financial transaction and no interest charged from the banks. Printing our own or any country printing their own money has to be far better than making the mega mega rich banking families get even richer. This is a crime against humanity.

  • Washington

    Feb 4, 2010 Presented by Congressman Ron Paul at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis. Recorded Saturday, 23 January 2010. Includes introductory remarks by Mises Institute president Douglas E. French, and by Institute founder and chairman Llewellyn H. Rockwell, Jr..

    http://www.youtube.com/watch?v=9W6KJRIums4&feature=player_embedded

  • stevefraser

    Marxism: No private property, no market price mechanism, no money.

  • http://www.survive2balive.com GA

    This is real. It is happening. It no longer matters whose fault it is. What matters is how you prepare yourself and your loved ones. Please wake up and smell the coffee. Despair is coming our way. Check out http://www.survive2balive.com for some basics to assist you with your preps. Educate yourself not only why it happened but what you can do to ease your personal pain when it collapses!

  • Commenttime

    The Fed created the money out of thin air with the stroke of a key. Why not just say no and default as a nation. It is not like they will loose anything as they lent us money that they never had in the first place. What a racket. Just say no more! Wipe the slate clean and never borrow again. The bankstes have had it their way for 100 years. Time to turn the tables now and watch world come alive again. Why pay so much to so few who have scammed everyone for so long.

    • Sally

      Three cheers. How right you are. They give us nothing and take our homes when we dont pay something we never had. I am sick of hearing the stupid remark “Oh but you got a house for it” YES, BUT THEY WHOLE WORLD HAS BEEN SCAMMED THAT’S WHY. And if we only “borrowed” what we needed, what do we use to pay the “interest” unless we take it off some other poor soul who has to once more “borrow” what we took !! Can someone tell me why every country in the world is scared to print their own currency. Is it because they fear the same fate as Lincoln, and Kennedy and all those other humanitarians who wanted to and ended up asassinated..

  • 1% fan

    The Eurotrash are getting exactly what they deserve.In fact, that is what happens in life. You may not get what you want, but you almost always get what you deserve.

    • Alasha

      Wat!!!!!!!!!!!!!!!!!!! Saying a prayer for you now

    • http://theeconomiccollapse tom 66 hoping to make 67

      EURO TRASH WHAT A STUPID REPLY THE WHOLE WORLD IS GOING DOWN INCLUDING THE USA AND ALL U CAN SAY EUROTRASH WHAT DUMM HUMAN BEING YOU ARE D. A.

  • Mustard Seed

    If the “Powers that Be” can’t save an economy the size of Boston from Depression, then how am I supposed to believe they will save the United States of America from going into Depression?

  • Pingback: Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse? | Judgement Of America()

  • Washington

    Another Fisker Karma Goes Up in Flames By Damon Lavrinc August 11, 2012

    http://www.wired.com/autopia/2012/08/fisker-karma-fire-part-deux/

  • Jane B

    Bang on article except for one not so small point: the VOTERS are ultimately to blame. No one FORCED the country to borrow. just like no one forced the poor stupid sub prime borrowers to buy big houses.

    And yes, yes yes….same mess coming to America. Remember this when you vote in November.

    • Dezmo

      You are fooled to think that democracy really exist in your country. The ruling elites are there, putting themselves in both wings and parties. The only mistake the mass have is for remaining in silence, and fight back is the only way to redemption.

      • Arantxa

        All parties are the same, we dont longer know who to vote, the people dont know what to do. Remember in Spain, protest marches, first Madrid and then many other cities and nothing happened, still we continue, but the politicians ignore us. All has been peaceful untill now, but people like us are seen their children being hungry and people are getting angry

  • Washington

    The Political Compass™ In the introduction, we explained the inadequacies of the traditional left-right line.

    http://www.politicalcompass.org/analysis2

  • Washington

    Reality Check: Obama Administration Refuses To Tell Judge If NDAA is Being Illegally Enforced?

    http://www.youtube.com/watch?v=PZjXHjkzMD4&feature=plcp

  • Sally

    Definitely, this all part of the one world order.

    The banking cartel have attacked every country that did not have a central bank.

    The government and the bankers are hand in hand.

    The Bankers have been given permission to create money from thin air, lend us what they did not have, and ask us to repay it with our labour plus interest.

    BANKS ARE PRIVATELY OWNED.

    How can a government allow a private company to do this to their citizens. When it crashes they will come to our “rescue” and implement exactly what they had been planning for years. and then try to convince us it is ” for our own good:”

    How long are we going to be subjected to paying their credit card and mortgage scams.

    If the banks want to pretend they gave us money lets play along. HOWEVER, sadly we do not have to pay them twice. You see, they have already been paid when they sold your mortgage.

    It was filed thru the US Securities and Exchange Commission (NZ Banks do this too) and they sell your mortgage only months after you “sign” the loan documents, which become the asset they sell. They then “create by a bookeeping entry the statement you “owe” your morgage, sell it and ask you for it as well.

    If you have had your mortgage for over 2 years sk your bank for the ORIGINAL loan and mortgage document you signed and they wont be able to give it you, thats because they have sold it. If they do not own the mortgage they have no right to try and get money of you.

    Go to Stop Foreclosure Handbook and many other internet sites. Do your own research and help us stop these corrupt Banking practices.

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