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17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

What is the second half of 2012 going to bring?  Are things going to get even worse than they are right now?  Unfortunately, that appears more likely with each passing day.  I will admit that I am extremely concerned about the second half of 2012.  Historically, a financial crisis is much more likely to begin in the fall than during any other season of the year.  Just think about it.  The stock market crash of 1929 happened in the fall.  "Black Monday" happened on October 19th, 1987.  The financial crisis of 2008 started in the fall.  There just seems to be something about the fall that brings out the worst in the financial markets.  But of course there is not a stock market crash every year.  So are there specific reasons why we should be extremely concerned about what is coming this year?  Yes, there are.  The ingredients for a "perfect storm" are slowly coming together, and in the months ahead we could very well see the next wave of the economic collapse strike.  Sadly, we have never even come close to recovering from the last recession, and this next crisis might end up being even more painful than the last one.

The following are 17 reasons to be extremely concerned about the second half of 2012....

#1 Historical Trends

A recent IMF research paper by Luc Laeven and Fabián Valencia showed that a banking crisis is far more likely to start in September than in any other month.  The following chart is from their report....

So what will this September bring?

#2 JP Morgan

Do you remember back in May when JP Morgan announced that it would be taking a 2 billion dollar trading loss on some derivatives trades gone bad?  Well, the New York Times is now reporting that the real figure could reach 9 billion dollars, but nobody really knows for sure.  At some point is JP Morgan going to need a bailout?  If so, what is that going to do to the U.S. financial system?

#3 Derivatives

Last week, Moody's downgraded the credit ratings of 15 major global banks.  As a result, a number of them have been required to post billions of dollars in additional collateral against derivatives exposures....

Citigroup’s two-notch long-term rating downgrade from A3 to Baa2 could have led to US$500m in additional liquidity and funding demands due to derivative triggers and exchange margin requirements, according to the bank’s 10Q regulatory filing at the end of the first quarter.

Morgan Stanley – which Moody’s downgraded from A2 to Baa1 – said a two-notch downgrade from both Moody’s and Standard and Poor’s could spur an additional US$6.8bn of collateral requirements in its latest 10Q. The bank did not break down its potential collateral calls under a scenario where only Moody’s downgraded the bank below the Single A threshold.

Royal Bank of Scotland estimated it may have to post £9bn of collateral as a result of the one-notch Moody’s downgrade to Baa1 in a statement on June 21, but did not detail how much of this additional requirement was driven by margin for swaps exposures.

The worldwide derivatives market is starting to show some cracks, and at some point this is going to become a major disaster.

Remember, the 9 largest U.S. banks have a total of more than 200 trillion dollars of exposure to derivatives.  When this bubble completely bursts it is going to be impossible to fix.

#4 LEAP/E2020 Warning

LEAP/E2020 has issued a red alert for the global financial system for this fall.  They are warning that the "second half of 2012" will represent a "major inflection point" for the global economic system....

The shock of the autumn 2008 will seem like a small summer storm compared to what will affect planet in several months.

In fact LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.

#5 Increasing Pessimism

One recent survey of corporate executives found that only 20 percent of them expect the global economy to improve over the next 12 months and 48 percent of them expect the global economy to get worse over the next 12 months.

#6 Spain

The Spanish financial system is basically a total nightmare at this point.  Moody's recently downgraded Spanish debt to one level above junk status, and earlier this week Moody's downgraded the credit ratings of 28 major Spanish banks.

According to CNBC, Spain's short-term borrowing costs are now about three times higher than they were just one month ago....

Spain's short-term borrowing costs nearly tripled at auction on Tuesday, underlining the country's precarious finances as it struggles against recession and juggles with a debt crisis among its newly downgraded banks.

The yield paid on a 3-month bill was 2.362 percent, up from just 0.846 percent a month ago. For six-month paper, it leapt to 3.237 percent from 1.737 percent in May.

Needless to say, this is very, very bad news.

#7 Italy

The situation in Italy continues to deteriorate and many analysts believe that it could be one of the next dominoes to fall.  The following is from a recent Businessweek article....

The euro zone’s third-biggest economy is seen as the next domino at risk of toppling after the European Union’s June 9 deal to lend Spain $125 billion in bank bailout funds. Yields on Italy’s 10-year government bonds reached 6.2 percent on June 13, up from just 4.8 percent in March. By pushing up Italy’s borrowing costs out of fear of default, investors are making a default more likely. 

A recent Fortune article detailed some of the economic fundamentals that have so many economists deeply concerned about the Italian economy right now....

The main glaring risk threats that could propel Italy down the path to become Europe's next domino is the size of country's outstanding debt (at €1.9 trillion or 120% of GDP); the mountain of debt it has to roll over in the next 12 months (nearly €400 billion); and the market's cracking credibility around Prime Minister Mario Monti's ability to reduce the country's fiscal footprint and spur growth.

Further, fear around Italy's creditworthiness, which has recently been expressed by near cycle highs in sovereign CDS spreads and government yields on the 10-year bond, follow some rather glaring negative fundamentals over recent quarters and years:  declining GDP over the last three consecutive quarters; a rising unemployment rate (especially among its youth); deterioration in labor market competitiveness; and increased competition for export goods to its key trading partners.

#8 Greece

I have written extensively about the financial nightmare that is unfolding in Greece.  Unemployment has soared past the 20 percent mark, youth unemployment is above 50 percent, the Greek economy has contracted by close to 25 percent over the past four years and now Greek politicians are saying that a third bailout package may be necessary.

#9 Cyprus

The tiny island nation of Cyprus has become the fifth member of the eurozone to formally request a bailout.  This is yet another sign that the eurozone is rapidly falling apart.

#10 Germany

German Chancellor Angela Merkel continues to promote an austerity path for Europe and she continues to maintain her very firm position against any kind of eurozone debt sharing....

Merkel, speaking to a conference in Berlin today as Spain announced it would formally seek aid for its banks, dismissed “euro bonds, euro bills and European deposit insurance with joint liability and much more” as “economically wrong and counterproductive,” saying that they ran against the German constitution.

“It’s not a bold prediction to say that in Brussels most eyes -- all eyes -- will be on Germany yet again,” Merkel said. “I say quite openly: when I think of the summit on Thursday I’m concerned that once again the discussion will be far too much about all kinds of ideas for joint liability and far too little about improved oversight and structural measures.”

In fact, Merkel says that there will be no eurobonds "as long as I live".  This means that there will be no "quick fix" for the problems that are unfolding in Europe.

#11 Bank Runs

Every single day, hundreds of millions of dollars is being pulled out of banks in southern Europe.  Much of that money is being transferred to banks in northern Europe.

In a previous article I included an extremely alarming quote from a CNBC article about the unfolding banking crisis in Europe....

Financial advisers and private bankers whose clients have accounts too large to be covered by a Europe-wide guarantee on deposits up to 100,000 euros ($125,000), are reporting a "bank run by wire transfer" that has picked up during May.

Much of this money has headed north to banks in London, Frankfurt and Geneva, financial advisers say.

"It's been an ongoing process but it certainly picked up pace a couple of weeks ago We believe there is a continuous 2-3 year bank run by wire transfer," said Lorne Baring, managing director at B Capital, a Geneva-based pan European wealth management firm.

How long can these bank runs continue before banking systems start to collapse?

#12 Preparations For The Collapse Of The Eurozone

As I have written about previously, the smart money has already written off southern Europe.  All over the continent major financial institutions are preparing for the worst.  For example, just check out what Visa Europe is doing....

Visa Europe is holding weekly meetings to discuss scenarios in the event the euro zone collapses, joining other companies that are preparing for a potential breakup of the currency bloc.

Chief Commercial Officer Steve Perry said Tuesday that management at the U.K.-based credit-card company meets weekly to explore various possible outcomes, including a total collapse of the euro zone.

#13 Global Lending Is Slowing Down

All over the globe the flow of credit is beginning to freeze up.  In fact, the Bank for International Settlements says that worldwide lending is contracting at the fastest pace since the financial crisis of 2008.

#14 Sophisticated Cyber Attacks On Banks

It is being reported that "very sophisticated" hackers have successfully raided dozens of banks in Europe.  So far, it is being estimated that they have stolen 60 million euros....

Sixty million euro has been stolen from bank accounts in a massive cyber bank raid after fraudsters raided dozens of financial institutions around the world.

According to a joint report by software security firm McAfee and Guardian Analytics, more than 60 firms have suffered from what it has called an "insider level of understanding".

What happens someday if we wake up and all the money in the banks is gone?

#15 U.S. Municipal Bankruptcies

All over the United States there are cities and towns on the verge of financial disaster.  This week Stockton, California became the largest U.S. city to ever declare bankruptcy, but the reality is that this is only just the beginning of the municipal debt crisis....

Stockton, California, said it will file for bankruptcy after talks with bondholders and labor unions failed, making the agricultural center the biggest U.S. city to seek court protection from creditors.

“The city is fiscally insolvent and must seek Chapter 9 bankruptcy protection,” Stockton said in a statement released yesterday after its council voted 6-1 to adopt a spending plan for operating under bankruptcy protection.

#16 The Obamacare Decision

The U.S. economy is already a complete and total mess, and now the Obamacare decision is going to throw a huge wet blanket on it.  All over America, small business owners are saying that they are going to have to let some workers go because they cannot afford to keep them all under Obamacare.  It would be hard to imagine a more job killing law than Obamacare, and now that the Supreme Court decision has finally been announced we are going to see many businesses making some really hard decisions.

#17 The U.S. Election

It is being reported that Barack Obama is putting together an army of "thousands of lawyers" to deal with any disputes that arise over voting procedures or results.  It certainly looks like this upcoming election is going to be extremely close, and there is the potential that we could end up facing another Bush v. Gore scenario where the fate of the presidency is determined in court.  This campaign season is likely to be exceptionally nasty, and I fear what may happen if there is not a decisive winner on election day.  The possibility of significant civil unrest is certainly there.

We definitely live in "interesting" times.

Personally, I am deeply concerned about the September, October, November time frame.

The other day, Joe Biden delivered a speech in which he made the following statement....

"It's A Depression For Millions And Millions Of Americans"

And what Biden said was right for once.  Millions of Americans are out of work right now and millions of Americans have fallen out of the middle class in recent years.  If you have lost everything, it does feel like you are living through a depression.

When people lose everything, they tend to get desperate.  And desperate people do desperate things - especially when they are angry.

A whole host of recent opinion polls have shown that anger and frustration in the United States are rising to unprecedented levels.  The ingredients are certainly there for an explosion.  Someone just needs to come along and light the fuse.  We truly do live in frightening times.

Let us hope for the best, but let us also prepare for the worst.

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  • captain obvious

    I feel sorry for anyone still clinging to a failed two party scam or who believes “representatives” give a rip about you or the constitution whether they are demopublican or republicrats.

  • http://lcbookout.webs.com Tattau

    Iceland has shown the entire planet how to fix it. No one is paying attention.

  • Daniel

    Why don’t you tie a cinder block to your waist and jump into a lake? End your misery as well as all those you’re trying to scare the crap out of.

  • David

    I would like you to consider and judge what I am about to say. This year, on February 29th, a man died in Washington, D.C. His name was Wade Taylor. I believe he was a spritual leader of the Lord’s armies. I believe this office today is distinctly different than in Isaiah’s day. For one, there is a distinction between political and spiritual leaders. I ask you to consider Isaiah 6. In the year King Uzziah died. This was a marker not the reason for the unprecedented visitation from the Lord. The door posts were moved, the house was filled with smoke. There was a great visitation from the Lord with accompanying conviction of sin, repentance, sanctification, a calling from the Lord and a response to that calling.
    It is possible this will be the year of unprecedented visitation, and this was the considered opinion of Rev. Taylor. Not a worked up visitation but the real thing, not of the will of man but of the Lord. If that does happen, I would be very concerned because what followed this in Isaiah 6 was the desolation and destruction of the nation. Take a look at this passage if you please. Thank you.

  • Stop the maddness

    One thing that was very odd about Friday’s stockmarket rally was the new touted that the markets had responded favorably to the good news out of Europe that the banks had put together a great plan to save Europe.
    What’s so strangly familiar to us history buffs, is tbat the same thing happened right before Black tuesday Oct. 1929, the markets had reacted favorably that a cotortion of bankers had invested into the failing markets to shore them uo. And that once again the stockmarket had been saved. But soon acter the markets had been stabiluzed, the bankers withdrew thier money, and the marmets crashed forever known as Black Tuesday, 1929, Scarey to think that The Central Banks around the world are playing the same game today.
    And if history serves us correctly, the next market crash, most likley in the second half of 2012 will lead to wbat some have been calling the greatest depression to hit the world that it has ever known.
    Billions unemployed, left homeless and starving.
    Boarders closed in every country.
    Imports ba.ned and protectionism enforced.
    Immigrants brought in during boom times will be rounded up sentenced and deported for causing falling wages and stealing precious jobs.
    No we are not quite there yet.
    But buckle your seatbelts it is going to be one SCAREY ride.

  • CJHames

    While I don’t disagree with your overall premise that things are going terribly wrong (both economically and morally), your statement “Every single day, hundreds of billions of dollars is being pulled out of banks in southern Europe …” is extremely inaccurate. It’s not even close to that.

    Yet.

  • http://www.raptureforums.com/FeaturedCommentary/apeculiarpeople.cfm Ron

    A Peculiar People
    6/28/2012

    “Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ; Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.” Titus 2:13-14. Messiah Jesus has purified and taken unto Himself those who have said yes to Him – a “peculiar” people. The Greek word translated into English as peculiar is “periousios”, which in today’s vernacular means “possession”. So as Jesus purifies unto Himself a “peculiar people” He’s actually taking them as His possession; they are His. In other words we who have been redeemed are God’s possession, His “peculiar people”.

    Since God communicates with His children through His word should we consider any portion of His word as insignificant or of having no bearing on the lives of His “peculiar people” today? Certainly not. We learn how to live our lives and interact with others through His Word. When we read verses that seem to be specifically speaking to Israel (His chosen people) in many cases the application can be viewed as a parallel to that of God’s “peculiar people” today. From the very first page of the book of Genesis to the last page of the book of Revelation God’s principles never change.

    “If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.” 2 Chronicles 7:14. This verse is used by many who wish to invoke God’s providence on a nation that for all intents and purposes has turned its back on Him. Some Bible teachers and theologians dismiss this particular verse as irrelevant since they believe it was meant solely for the Nation of Israel. In truth the principle of this verse is universal.

    “If my people which are called by my name”. Jesus is the Christ, in the Greek this word is “Christos” and it has the same meaning as the Hebrew word “mashiyach”, which is translated into English as Messiah. Both the Hebrew and the Greek words mean Jesus is the anointed One. God entered His creation and became a man, the man Jesus Christ. He did this so mankind, who had been separated from Him because of rebellion, could be reconciled to Him. Those who believe in Him are referred to as Christians; which comes from the word Christ. His “peculiar people” have always been called by the Title placed upon Him.

    Throughout the Old and New Testaments our God is One God. Jesus is God and we, His “peculiar people”, are His whether we be Jew or Gentile. When God initially spoke the words “If my people which are called by my name” He was speaking of the Nation of Israel. Today we can view those words as being just as relevant to us, His “peculiar people”, as John 3:16.

    “Shall humble themselves”. God’s desire for His children is to be humble of heart. We are not to be abusive, rude, cruel, or arrogant toward our fellow man. As we walk about as ambassadors of the King of kings we put on Christ and walk in the spirit of love just as He walked. At least that’s the idea. There are numerous distinguishing aspects to the Christian life, but it seems humbleness could use some extra attention.

    “And pray”. When it comes to our communication with our Creator, the essential ingredient is prayer. Prayer is continually promoted throughout both the writings of the Old Testament and New. Christ’s Ekklesia is admonished to be in constant prayer. Prayer is our way of communicating our thoughts and our desires to God in a very personal way. But corporately we can all be participants in a prayer that resonates across the land in which we sojourn. “When my people will humble themselves and pray…I will hear from Heaven and forgive their sin and heal their land.” God wants to be involved in our lives, especially when our lives reflect His glory. This world is not my home, but until I get to my eternal home I must make the best of the place in which I sojourn. I don’t know about the rest of you, but invoking God’s help in that regard seems prudent to me.

    “And seek my face”. This part of that particular verse from second Chronicles is the most important part in regards to just how much we desire to grow in the Lord. Seeking God’s face is foundational in our walk with Christ. Here’s a little test; how much of your time, or better yet how much of your most “valuable” time, is spent concentrating on your God and Saviour, Jesus Christ? Where is God in your daily routine? Do you have a priority list of the most important people, places, and things embedded in your mind? Is God simply a floater, never knowing exactly where He fits in on that list? In these days of hustle and bustle it seems many Christians have notched God down on their priority list, in fact so far down that He’s no longer visibly on that list. When we become His possession He no longer stands at the door of our heart and knocks; He takes possession of what has become His and dwells within our hearts.

    If you’ve ever heard the expression “I’m not a practicing Christian” you’ve heard someone admit they want nothing to do with God. God knows the heart of every man, woman, and child, He knows who loves Him and who doesn’t. God knows His possessions better than we know ourselves. He knows if we are truly concerned with continually drawing closer to Him, or whether we are simply giving Him lip service. God would surely love for His children, His possession, His people to want Him as much as He wants them. “But I am poor and needy; yet the Lord thinketh upon me:” Psalm 40:17a. What the psalmist is saying is that the Lord is always mindful of us, He esteems us, and He regards us as His own possession. Should we not be just as mindful of Him?

    “And turn from their evil ways”. If God’s “peculiar people” who are His possession, will humble themselves, pray, and seek His face, and turn from their evil ways. Whose evil ways? Yes my brethren, when we view this passage as being relevant to our own lives, we realize that God is not addressing the lost. It’s our evil ways from which He wants us to turn. These God breathed words were given to call His people, the Nation of Israel, back to national repentance. Even though Israel rejected God’s call to return to Him, there is no reason to think that God abandoned this concept. By all means God is calling His “peculiar people” back to national repentance. Just like the Nation of Israel, His “peculiar people” (Christians) today have gone astray.

    Since we are assured our God never changes, “Jesus Christ the same yesterday, and to day, and for ever.” Hebrews 13:8, why are some folks opposed to Him declaring the same promise (2 Chronicles 7:14) to His “peculiar people” just as He declared to His people (Israel) over 2,500 years ago? God gave the Nation of Israel the land in which they were to dwell. His “peculiar people” of today sojourn not just on one particular piece of real estate but globally. In America, a land that initially was sought as a refuge, a place where Christians could be free from the tyrannies of other nations, kingdoms, and the erroneous doctrines of the Church of England and Rome, we can see God’s mighty hand being the catalyst that brought the pilgrims to America. As America falls farther into the abyss of immorality 2 Chronicles 7:14 becomes more and more relevant.

    Even in a land that parallels that of the land of Israel with a similar stiff-necked people who have turned their backs on their Creator, God is still working. He’s calling His “peculiar people” back to Him when they stray. In regards to America which claims the majority of her inhabitants are Christians, God’s calling His possession back to a national repentance. But God won’t wait forever, and while we are in a state of godlessness He may send judgments upon this nation in order to get our attention. Some of the catastrophic events of America’s past history may well have been meant as attention grabbers.

    God’s “peculiar people” today are called to action – zealous of good works. At its inception, America was established on God’s inerrant word and was subsequently dedicated to God. Over the years since the Pilgrims came to this land America has, as a nation, turned her national corporate back on God. If indeed God’s “peculiar people” are plentiful in this land we must be the ones to initiate the return to Him.

    Will His “peculiar people” come into corporate national repentance anytime soon? Doubtful. For the most part corporate and political America want nothing to do with God, and many of His “peculiar people” have prostrated themselves to the god of this world. “At this particular time in history it’s God’s children who are standing in the way of what God would prefer to do with America.” – Chuck Missler.

    God’s redeemed must first turn from their wicked ways. As believers in Christ, we must stop embracing all the foolishness, and sinfulness of this world and turn away from the wickedness now permeating our land. The humanistic worldview is not for Christians. This foolish embracing includes compromising our faith, blatant apathy which has infected much of the Ekklesia of Christ, and of course the trap of biblical ignorance that so many Christians fall into these days. We must grasp God’s doctrines with renewed zealousness, and promote Him and His doctrines as though our lives depended on it, because in truth our lives are dependent on Him, we are His possession. We must shun this new attitude of political correctness, and when it comes to compromising the Word given to us by our Creator we should form an impregnable block wall in the face of those who would have us fall in line with their evil ways.

    “Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:” Revelation 3:17. This verse addresses the Ekklesia at Laodicea but it fits well in describing the current trend of the Ekklesia in America today. For many years now Christians in America have stood idly by as this nation as a whole has continually appeased the evil one. Over and over again we have chosen the “least” of the evils that are continually presented to us for our national acceptance, when in fact we should never have chosen even one evil over another. We should have been resolute in our faith, always standing strong acknowledging and promoting God’s ways as the only choice. If you’re looking for someone to blame for the current state of affairs in America today, look to the compromising, the complacent, the silent Ekklesia.

    God promised to heal the land of Israel – He will heal any land where the populous corporately turns from their wicked ways and seeks the face of their Creator. This truth is evident when we read that God turned from His wrath against Nineveh, a Gentile nation established by Nimrod. When Jonah showed up at their doorstep and proclaimed “forty days and your toast” (I’m paraphrasing of course) that generation of Ninevites corporately repented and was spared God’s judgment. Can this happen in America? Absolutely. Will it? Not unless and until we who are God’s “peculiar people” (Christians) realize we must be the instigators.

    “If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness.” 1 John 1:9. God cleanses us because He is faithful and just. We can count on God’s faithfulness. Seeing how far America has digressed as a Nation (having been founded on biblical morals) and how some 85 percent of her populous currently stake claim to being in that category of His “peculiar people”, it’s obvious He can’t count on ours. “Nevertheless when the Son of man cometh, shall he find faith on the earth?” Luke 18:8b. Good question.

    God bless you all,

    Ron Graham
    All original scripture is “theopneustos” God breathed

    My eyes are still giving me fits, please continue to pray for me. Your prayers and gifts are greatly appreciated. If Holy Spirit is leading you to send a gift of support, please send it to Ron Graham – 96 County Road 5480 Salem, MO. 65560. Thank you my dear brethren, God bless

    My past commentaries are archived at the following link
    http://www.raptureready.com/featured/graham/graham.html
    If you’d like to be on my email list to receive the commentaries just drop me a line and let me know.

    • dan

      wow what that take 2 hours?

  • Eamon

    The intellectual and vastly-more-important moral bankruptcy of the US and the formerly-civilized world is the main reason for all of the above. Yes, temporal pain of an unspeakable kind and degree is dead ahead, but we have merited it by our utterly God-less lives. Merely-temporal adjustments cannot help us now; only a purging of the disordered affections of our hearts can right this sinking ship. We will not like it, but we will reap what we have sown. Godspeed to all who read these words.

  • ???? don gill

    MICHAEL-LOVE YOUR WORK AND ALL YOU DO FOR US!!! WHAT HAPPENED WITH MERKEL LAST WEEK-I TRIED READING AN ARTICLE ABOUT SOME THIRD PARTY ADMINISTERING THE HELP FOR EURO COUNTRIES BUT I REALLY COULDN’T UNDERSTAND HOW IT WAS SUPPOSED TO HELP. SOUNDED LIKE JUST ANOTHER KICK OF THE CAN DOWN THE ROAD. THANKS AGAIN FOR ALL YOUR HARD WORK!!. DON,

    • Michael

      Don:

      You are right – it was just another can kick down the road.

      I think I might write about that tomorrow.

      Michael

  • GSOB

    The wet blanket statement is very fitting.
    I’ve been outlining a bugin and bugout plan

  • Christoper

    To all of those who believe in a GOD and this ridiculous “end is near” nonsense. I as well as many others can only hope to welcome you back to Earth where, in reality, we need to make our own positive changes and not passively sit back and observe because some mythical creature in the sky is going to take care of you and your family over and above others. If you feel as though fairy tales compel you, then please go watch Snow White at the theatres or maybe build a bigger chimney so Santa Claus may bring you extra goodies next year just to keep your spirits a bit higher. In the meantime, please read Richard Dawkins’ book “The God Delusion” and stop infiltrating good productive posts with nonsense such as that – it is what harms great Countries.

    • Michael

      And you need to read “The Magic Man In The Sky” and “Discovering God“.

      People should believe in Christianity because that is where the evidence will lead them if they are willing to have open minds.

      Michael

      • Har

        Michael,

        You should take the outsider test for faith.

        IF you are so confident of your christianity put it to the test…Look at your religion with a skeptical-critical eye as you would look at the other religions you dismiss.

        The bottom line is christianity is a delusion. The evidence isnt there or its contradictory.

        I enjoy reading your articles because you obviously have a financial background and I share your concern about this country.

        This country has many of the problems you describe with financial system AND we could see some serious hard times ahead.

        BUT…when you beat the christianity drum it just makes me shake my head. HOW can you believe such nonsense!?

        Take care.

        • Michael

          Har:

          I have studied the evidence for Christianity for over two decades.

          To me, it is mind blowingly apparent that anyone that approaches the evidence with an open mind should come to the overwhelming conclusion that Christianity is true.

          So why don’t more people believe? Well, I have also found that most people end up believing exactly what they want to believe.

          Michael

          • r.bitting

            Michael, ever notice how every time somebody on this or your other blog ( The American Drewam ) attack the christian faith and call it nonsense, they never seem to present their beliefs and the evidence to sustain that belief. Theres a reason for that, they don’t have any evidence to present, thats why they don’t mention what it is that they believe, because they are afraid that they will be asked to present the evidence of their beliefs of which they know there is none. I can’t tell you how many times on your blogs i’ve asked someone who’s attacking my faith in Christ to present their beliefs and the evidence to support their beliefs and I have never had a response to this day. You are correct in stating that they believe what they WANT to believe, because it allows them to justify their behavior.

          • Michael

            Yes, I always thought that if I could just show people all the evidence they would believe, but I have come to learn that most people do not have open minds and most people choose to believe exactly what they want to believe.

            But that does not apply to everyone. There are some people out there that are honestly seeking for the truth.

            Michael

          • K

            Well said Michael, I stand with you in total agreement. This is part of what I mean, when I talk of the general high level of anger.

          • Dingo

            Christianity wasn’t created by Christ. It was the work of imaginitive scribes taking orders from mere mortals with a quest for power.
            People can be perfectly good and kind and in tune with reality without religion.

          • Michael

            I would encourage you to get educated about these things. When you know the truth it will set you free.

            Michael

          • CatNap

            I still recommend reading the classic: Mere Christianity by C.S. Lewis to those skeptics I know.

            Order out of chaos? http://www.youtube.com/watch?feature=player_embedded&v=G_GBwuYuOOs

  • http://www.usachatrooms.org/ chatbot
  • GSOB

    The wet blanket is a fitting description of what the obama care
    plan has provided us initially. (Forgive me in my spelling erros. Sometimes I don’t know how to spell right, but I know what I’m talking about.)

    Government in the early 70′s starting getting into the private health care business with PPOs and HMOs and the like, with it’s
    regulations and laws, to spread the wealth. I can not help but to believe that when the high courts made their ruling on the constitutionality of obama health care plan, our nations current economic outlook had the most consideration and played out the most in their ruling. Not the constitutionality of mandated healthcare purchasing. At best, that was probaly a distant shucked off after thought.

    Heck, imagine… from their perspective, the constitution, when it comes to health related issues, was abandoned long ago with nanny social plans like SSN, medicare and medicaid. To them, the constitution has evolved for the sake of the people over the decades. Now, it’s all or nothing because it would cost so much more to undo. There is no other system in place to fall back on without upsetting the economy more. It won’t take a natural disaster to start the collapse.

    Millions have been spent already over the years towards putting in place the parts for the 2014 realization date of obamas health care plan. However, this transition of obama’s gift to this country, though it takes a few years to implement, is nothing more but a continual expansion of the federal government into our lives and increasing burden to our working class to support it. People getting hired on as federal employees to staff the government agencies is the cost added to us for the fed doing business in taking care of us. You see, there is no such thing as a free puppy.

    Obamacare is the attempt to make everyone happy and at the same time, it is really government trying to get itself out of a poor mess it has gotten our economy into, by aledgeing that it can get a better handle on things if they can just get more control. Obamacare is built upon this health care theme, but it’s more intrusion and control, which actually started in the early 70′s. It’s all an attempt to lower cost for everyone and at the same time to provide everyone with health care. On the surface, that sounds great. many have bought into it. I run into supporters of Obama and his plans everyday. I see myself and most all of you here as like 1 in 10,000 who knows more as to what is really going on. I still find myself at times feeling helpless as I know these things to be true and see it unfold before my very eyes and time continues. In one sense, ignorance is bliss. I’ve learned long ago though, God does not place a premiun on ignorance.

    It will have a negative affect though. It will cause premiums to rise and coverage to be less and yearly deductibles to rise.
    The window of option will close and we will have a one payer system plan eventually, because of the other economic hardships businesses already face and keep multiplying, because of the politicization of our nation’s economy, will force them to cut back expenses as mush as possible, to stay in business.

    The fundamental premise is that government is here to protect us. What a distortion of that original meaning has been developed over the last 40 years or so.

    All these nanny state programs are well intenioned but poorly executed, and all the history of the government taking steps to help everyone out has led to more finanacial instability . Why? Because of the nature and purpose of governing authorities – such as the federal government, is not consumer driven. Ideally – It’s a force to keep peace so that we in the private sector can operate in the free market economy.

    Redistribution of money is not the hall mark of socialism. All governments redistribute wealth to some degree or another. The hallmark of socialism is the politicalzation of it. That’s why we have a so called CEO, Romney, trying to run on the idea of fixing it.

    We need Ron Paul there in office when the SHTF. It will happen, and when it does, we need Ron Paul to start us out with different policies. If you think about it. The theme of all of Ron’s speeches are nested in warnings and callings for repentance in the politcal stratosphere. I would rather have Obama in office for anopther 4 years than vote for Romney, if Paul don’t get the GOP nomination. Why, because what can be more judgement from God than to put someone in our nation’s highest office that thinks tha mormonism is orthodox christianity! Romney is more dangerous than obama. More versed and reheared.
    Heck.. don’t be surprised if you hear Romney say that obamacare wasn’t such a bad idea afterall!

  • http://shadowedforest.blogspot.com/ William deB. Mills

    As if your disconcerting list of reasons to be worried were not enough, the situation is even worse for several long-term reasons:

    1. Washington is still essentially in the hands of the rich, who brought us the 2008 crisis, and is protecting the guilty.

    2. There is still no plan to improve upon the solution thought up by Paulson, Bernanke, and Geithner with their Wall St. pals – bail out the banks and let them continue. Elizabeth Warren and Bernie Sanders remain completely ignored by those in power.

    3. Despite a brilliant economic reform section in the Green Party platform, the American voter remains utterly in denial about what is going on.

    I believe that the US, with its wealth and power, has the ability to protect itself economically. The problem is not foreigners or lack of resources. The problem is that we do not seem to have the will or intelligence to focus on the problem. Blame it on corrupt leaders or ignorant voters, “we” are the problem. We were taught a lesson by the disaster of Iraq and another lesson by the disaster of BPs poisoning of the Gulf of Mexico and another lesson by the disaster of the 2008 Financial Crisis, but “we” as a society still don’t get it. It is not just that we have not yet found a solution; we have not even started to discuss the nature of the problem with any seriousness.

  • Louise in MO

    The Roberts/SCOTUS ruling shocked me…I was not prepared. I still was holding on to the hope that we would not be thrown under the bus!

  • http://theeconomiccollapseblog.com chris1

    The US govt will print,give away to all the sheeple to pacify them and it will last a while (since we got the biggest military).
    Problems along the way for sure.
    2016 looks more likely for the real problems.
    JC return? Armageddon? NO man knows the time or day
    Benjamin Baruch among others have confirmed this.

  • Rachael

    America needs to get on her knees. Not just the believers of America, but the entire population must realize THEY are not in control and THEY are the ones gone astray of God’s plan, and THEY must seek forgiveness and seek Him to solve the problems of America. But, we all know this won’t happen, don’t we? Those who are Christians must stick together, help one another and prepare for the worst as we all pray for God’s mercy. The unbelievers will always be the scoffers. Such is life. The banks all gamble our money away, then they cry broke and ask for more, which the governments then gladly hand over (because, after all, the spent money wasn’t theirs, and the bailout money isn’t the government’s either…it all belongs to us, the hardworking taxpayer. The not so hardworking taxpayer manages to have offshore accounts to avoid taxes..Wow. Ain’t America great? Yes, America is past due for a humbling. Cover your heads, all you unbelievers, because you won’t believe what is about to befall us all!

  • Newton

    No kidding hydro, you can lead the horse to water, but brother you cannot make him drink. The populace in this country is mostly ignorant buffoons
    That are only interested in themselves right now, this instant.

    They cannot help it they have re-elected the likes of Harry Reid over and over and over again, they cannot help it they continually support all these too big to fail conglomerates of the banking, manufacturing and political
    Arenas.

    They fail to support the local, small tradesman and farmer and credit union, opting instead to waddle by the millions to JPMorgan, and Walmart

    I gave up on 95 percent of the USSA along time ago & now, every time Jamie Dimon loses another 9 Billion, I just smile and continue loading
    .44′s.

    the ignorant masse will get what,s coming to them after living way beyond their means for decades, the chickens, they are coming home to roost.

  • Washington

    The Power Behind the New World Order (Full Documentary)

    http://www.youtube.com/watch?v=_Y1hhEAmBCI&feature=related

  • Washington

    Woman Sues City Of Tulsa For Cutting Down Her Edible Garden Posted: Jun 15, 2012

    http://www.newson6.com/story/18802728/woman-sues-city-of-tulsa-for-cutting-down-her-edible-garden

  • bobbobbob1

    the chinakids r studying math while u r studying the bible ur day has come andgone

  • http://onetimenice.com Dr. Jones

    You can believe anything.

  • http://tubianus@gmail.com shoeupon67

    WARNING —NEXT TRAIN TO AUSCHWITZ ALL ABOARD TO OBAMA FEMA  CONCENTRATION DEATH CAMPS. OBAMA WILL TAKE YOUR HANDS AND LEAD YOU TO THE GAS CHAMBER[!! Message about FEMA Camps,FEMA COFFINS,CREMATORIES & Martial Law(6/19/09 )Be Ready )]watch on youtube.[ The Americans are coming!!!]

    • Bona

      You’re an epic fail

  • El Pollo de Oro

    “It’s a depression for millions and millions of Americans.”—Joe Biden

    Even a broken clock is right twice a day, and el vice-presidente de La República Banana de América (the Third World hellhole that used to be Los Estados Unidos) hit the nail on the head with that statement. Yes, millions and millions of Americans who used to be part of the middle class have been ravaged by this depression. The suffering will only get worse.

    Michael T. Snyder wrote: “When people lose everything, they tend to get desperate. And desperate people do desperate things, especially when they are angry.” That is also an accurate statement. Desperate people do desperate things. They riot, they rob, they steal, they mug, they carjack, they kidnap, they sell drugs, they murder anyone who gets in their way. The BRA doesn’t have the kidnapping epidemic that many Latin American and Caribbean countries have, but it will. Between social unrest, riots and an explosion of violent crime, things are going to get downright bloody in the BRA. Rivers of blood will paint the streets of America cities (and small towns as well) a deep shade of red.

    Americans who have never experienced Third World poverty will find out what it’s like, and they will be extremely resentful and angry—not to mention violent. Get ready for a bloodbath in The Banana Republic of America. Get ready for riots that will make the L.A. riots of 1992 look like child’s play.

    God help this Third World cesspool.

  • Steve

    Interresting.. Now with War in Syria, and the one brewing for Iran. Hmmm now take the EU and Greece, Spain and the rest of the dominos to fall. Add US JP Morgan and 9 billion. Count the Unemployment rate and sinking economic activity around the globe. Throw in Japan with Fukushima ….. Geez… maybe the Myans were telling us something… December 21, 2012 may not be so nice…. and afterward what next.. I think I will start packing BoB Bug Out Bag… Olah..Mexico here I come..:)

  • http://theeconomiccollapse kill the elite globalists i

    go a head make my day. fukeashima,s sizzelling about to turn the western hemisphere into a nuclear nightmare. drop the bomb. get it over with our country is ruined. because you fools dont relize the wall sreet bankers own both partys. the rebloodicans and the democraps. tea party are morons. fire the federal reserve, everyone in the house, senate congress. light wall street on fire. in hang all schmuck bankers. our dollar is worth 4 cents. are you awake yet.?? at zero % hello.!!!! no health no dental no retirement just illegal aliens taking your jobs. 21 million of them. right out front of home depot. day laborers.

  • mondobeyondo

    As an active, although unwilling, participant in this collapse (hey, I used to have a normal middle class life! Ughhh!)…

    1) There is no easy way out of this.
    2) Many people expect the government to pick up the “unemployment” tab.
    Oh, how little they know. The government is broke. You’re on your own. They will not help you, because they can barely survive by themselves.

    And finally – the endgame:

    3) Moi: “I want a job. A JOB! Three-letter word, and it’s not even profane!”
    Them: “Okay. Step in line here, and pick a number. You’re number 4,413,228.
    The automated announcer says, “Now serving number 36″.
    Moi: — So, are you’re saying I’ll be here all night???
    Them: — Check back around October 17th, 2013. Here’s a rain check.
    Moi: “I can’t take this anymore! ARGHHHH!!”

  • Fortune Rene Ringquist

    I personally feel that the FEMA camps are what is in store for the people that have no more than a week or two worth of food. What will happen to them once the govt. gets ahold of them is scary. the “mark of the beast”? Me personally, I can survive with what i have and what i can do in the remote part of the country to survive. Although, i must say, I plan to have my frequencies raised enough to go into 5d. All this gloom and doom tells me that we are already going through 4d, and that we are right on schedule. When the Center for Disease Control comes out with booklets on “Zombie Preparedness”, where it tells us what to do and where there are Zombie free zones, and Tennessee comes out with a new law that you can’t use cash to buy used items, and in washington they pass the S510 bill, stating that it is against the law to grow your own food, and our govt, instead of protecting us they are the ones that we have to be protected from, it tells me that we are that much closer to being free. That we are going from the darkest part of the piscean age, into the “light at the end of the tunnel” of aquarius. Pisces, the age where the few rule over the many, the age of chaos, to the age of aquarius, where peace and love will abound, where there will be no sickness, hunger, death, hatred, envy, negativity, and especially no money. Where only the people who can handle the power of manifestation, where your thoughts become real. I plan to be one of the ones that make it into 5d. So while fear runs rampant, i will be smiling and waiting for the ride of my life. We are completing a cycle, and starting afresh, as it has happened so many times before. Sit back and enjoy the ride.

    • gl

      of all the people on here…blah-blahing you my friend have the right idea… i am thinking a few cases of instant coffee will barter well… will trade you a jar for some of your rimfire 22 ammo and fishing hooks. ain’t going to be a lot of us…at all.

  • Breeze

    Expect Merkel to go the way of JFK. The NWO will see to that…

  • CaliPrepper

    The link to this article appears on the LEAP 2020 web page.

    • Michael

      Very cool. :)

      Michael

  • Toney

    Steve I agree with all the things you posted. We are living in a time where the monetary systems are being implicated by the Central Banks. This is the plan of the one world order. The coming to the United States of Europe is fast approaching us with devastating results. Then they will change the Monetary systems in north and South Americas. Once that has happen The powers to be will begin working on one world government. Sunday Law will be in forced throughout the western world.The nations of the Middle East and Asia will follow suit. This just the beginning of what the Boulder-berg is putting into place.
    One of the things that may also have a profound impact on the world itself is a planetary pole shift. This will be a unbelievable disruption of the world economy. The US could experience a 20-40 degree pole shift. This will cause millions to lose their lives and destroy the infrastructure of all the countries of the whole. Even thou we have been warn that something of this magnitude will happen.

    The News media has been warning us for years and it appears no one is listening. If this happens nothing else will matter except survival.

  • Rick

    I live in Brazil.. well… the future here is blue.

  • mondobeyondo

    One of the problems with this country, is that there seems to be no direction. There certainly isn’t any vision, and the Bible says that without vision, the people perish. The common perception is that our leaders are inept and clueless. Maybe so, maybe not so. “Hey, we hit an iceberg. The bow is sinking! Let’s reverse course and hit the iceberg from the rear! Then the stern will start sinking. You see, it all balances out in the end! Don’t worry, we’ll be FINE!!”

    Uh huh. Yeah.

    “Been around the world and found that only stupid people were breeding
    The cretins cloning and feeding, and I don’t even own a TV
    They put me in the hospital for nerves, and then they had to commit me
    You told them all i was crazy
    They cut off my legs, now i’m an amputee, … .amn you!

    I’m not sick but i’m not well
    And I’m so hot, cause i’m in hell…”

    (“Flagpole Sitta”, Harvey Danger)

    • CatNap


      You’re very creative, Mondo. May you find employment that speaks to you.

      :)

  • Bruce

    See related SOTT Rolling Stone article on the middle class’ rolling out of their foreclosed Obamavillas in their Barackmobiles, epitomized by SOTT Mr. Fish’s barbed hook set on the FUEHRERWARD progress the DESPOTUS is making in his own bust of a clunker!

  • Washington

    Jan 31, 2012 George Soros support Mitt Romney, investor/communist and Obamas supporter want Mitt Romney.   It’s not a good day for a republican to get support from communists.  On Fed 2 Donald Trump announced his support for Mitt Romney.  It can’t be a good day for a republican when Obama supporters see Romney as a good option.

    http://www.youtube.com/watch?v=f6aLQU_nYSM

  • J. L. Galbreath

    It is about time the derivatives market engaged in by our banks is brought to the front of the banking problems. When are the excessive (16,000 to 17,000 commodity contracts) naked silver shorts that JP Morgan Chase has in their hot little hands and what involvement does our present administration have in this excess?

    What about the China/US governments actions about the decline of the US dollar and the paying off of the US $15 + TRILLION debt with less valued dollars! KYPD cul jlg

  • Washington

    Reality Check: If Healthcare Law Is A Tax Is It Now Invalid?

    http://www.youtube.com/watch?v=iyLU9-VqVxY

  • chiller

    The Ovomit care debacle, whether any of you realize it or not, will decimate out standard of health care. My wife, a nurse is thinking about leaving the industry along with countless numbers of doctors who refuse to become the guberment’s health care slaves. Is this a well intentioned idea or a plan to disrupt the most successful health care organization on the planet? Doctors and nurses are already over worked and stressed to the max. This will ensure our level of care is gone forever.

  • MisterC

    #18 Rioting because of a ‘not guilty’ verdict in the George Zimmerman trial.

  • gl

    I like the word “dipshitidiot” in this case and one huge “S” on the end of that word. hello! anybody home? you retards better all wake up and prepare yourself to have nothing. how long will you be able to last with nothing to eat? with no water to drink? when the lights go out it will be too late … and when you come sniffing around where i am hold up the only welcome to be found will be traveling at 1435 FPS( 22 cal muzzle velocity )

  • RealityCheck

    Obamacare was created to help the impoverished, not to enslave doctors, WOW, If there was jobs, there would be no Obamacare, Where did the jobs go you ask ? Overseas, Why haven’t they come back ? Fat Cat Politicians , Billionaires and Republapukes have taken advice from there finance advisories to buy stock in the businesses that went overseas, where labor is much cheaper and stock payouts are much greater, They dont want those businesses to come back to the USA in fear of losing there big profits they earn (lol, I said earn)annually, You wanna get ride of Obamacare, !!! Get ride of greed, and you’ll have your little paradise .

    • John Howard

      Yes, it is clear to me that all our problems can be blamed on fat rich republicans and corporations. What we need is more of Obama. We need more government to redistribute wealth and save the environment. It’s just like they said in the government schools.

    • steve

      Government sponsored inflation is the reason for spiraling healthcare costs, education costs, food costs, etc.

      • jayhawk

        No kidding. I get a kick out of the whole idea of ‘Healthcare reform’, despite having nothing ever to do with the extremely inflated cost of healthcare in the first place. Not to mention everyone knows it’s ridiculously high. Obamacare was for one purpose and one purpose alone. To put healthcare in government control. Now they can force things on the people, such as chip implants, or vaccines.

    • RealityCheck minus the Moron part

      *******************************************. Obama is the worst thing thats ever happened to this country. He spends, raises taxes (which is why buisinesses go overseas, and rapidly increases inflation; not to mention the National Debt which he has multiplied.

    • Bubba ZInetti

      Obama’s ‘Jobs Czar’ is one of the most guilty in abandoning American workers and moving jobs overseas, typical that you are just another Obama supporter that doesn’t know what he’s talking about (or how to spell ‘their’). Maybe you should have stayed in school.

    • Cosmic

      Please refresh my memory, wasn’t it the Democrats Bill and Hillary Clinton that passed NAFTA? Isn’t that when manufactoring jobs left this country? They are the poster children for the Democratic Party are they not? Our problems are not the burden of just one party but both of them. Unfortunately, it is really our fault, why are we waiting until now to get upset? But from reading your post you seem to be a party loyalist, Dems do no wrong and it’s the rest of the world with the problem.

    • marcus schnell

      try using English, please; it’s still the official language in the US. Also, being completely impoverished, out of work, and not sucking off the system, Obamacare does nothing for me. You really need to get educated before ranting. This nation, nay this world, is in trouble, do not pretend otherwise. Get a clue.

    • John Jacobs

      Now, I’m a Ron Paul supporter so you’ll have to understand that I don’t agree with either party (Republican or Democrat). Many Liberals have to TRY to understand Obama’s fiscal policies, on top of Obamacare, in that they are destroying this economy. Jobs DON’T come from government because they don’t make anything. Government only gets money from what you make in the private sector by taxes. The free market economy doesn’t allow ‘fair share’.. in fact, this whole idea of ‘fair share’ is a flat out lie and misunderstood beyond belief. If you want a socialist economy you better wake up to the realities of socialism. A great example is North Korea and South Korea.

      The problem that nearly all my liberal friends have is that they support Obama and have no idea what it costs to run the government – or know of any of his policies. Sure, all of them point fingers at the rich corporations but they fail to understand that it is government that let corporations write these policies, evade tax loop holes, etc. If you restrict government from allowing lobbyists or corporations to meddle in policy making then you wouldn’t have this issue.

      Capitalism – This is also one thing that EVERY liberal screws up. They think capitalism the main reason for all this mess. Capitalism, by definition, is only allowed in a free market where there is market competition and goods sold at lower prices for cosummers. That is what capitalism is… now there is ‘Corporatism’ which liberals freely choose to label as Capitalism.

      LIBERALS – Wake the hell up!!! Stop being spoon fed by these politicians. You’ll give up your rights and destroy this economy by growing and expanding government! Republicans are just as bad because they want to grow government the same.. it’s just a matter of what departments to cut and what departments to expand.

    • Glenn Blattner

      Your ignorance of thought is only exceeded by your iliteracy. These “fat republipukes” as you call them are the reason there are jobs in America. Until you and your other ignorant Demo-Rats understand this our economy is still surviving on bail outs from the government (aka, taxpayers). Sorry, we need more jobs in America but that won’t happen until someone in the current administration realizes no one is bringing jobs back to America until the corporate tax rates come down. Our corporate tax rates are the largest in international trade. As you continue to promote more government, who pays for more government? Ignorant Demo-Rats need to know the government does not generate any revenue…..none! Everyone penny of government revenue comes from TAXPAYERS! It is easy to see why NON-TAXPAYERS want more government, they pay no taxes. All the while you are complaining about the Republipukes, keep in mind they are the ones funding the Demo-Rat “more government” mantra. You Demo-Rats are like college students with their parents…our parents are stupid, and don’t know anything, all the time they are paying for the students tuition, housing, car, spending money, etc. But then again who needs the filthy rich Republipukes, they’re the only people currently not on the parasite list?

  • stirrednotshaken

    Aussies are by far and away the toughest and strongest of survivors.

    So the world’s going to hell in a hand basket. NEXT?

    • GaryToo

      pffft, Next for aussies is follow the us/uk into whatever war they start like always, were the 52nd state. Next pissoff the chinese by taking that a step further hosting 2500marines in darwin, china doesnt buy our rsources and we follow the rest of world into the handbasket.

  • turnoffyourtv

    The US seems to be a nation of talkers and takers. I love that people care but I tend to see people sitting on their forums and blogs trying to make a change with words in a world of surfs and royalty. I am 22, I own a motorcycle shop that started from nothing. Real change in my life has always been brought about with viable solutions, organization, openness to ideas, goals, finding common ground, understanding that being wrong is not as much a weakness as the inability to see your wrong is. Talking about something on here does not ignite a fire or at least any sort of organized fire under which people decide to live by their own means and change their communities in a logical manner. What is needed to motivate people to physically become involved in their societal change. These good motivational speeches make for a great scene in a movie, but change doesn’t work that way in America.
    If anything, one should crack open the history books and review how the patriot network was created and maintained in America, odd that humans brought about this massive upheaval of the status quo WITHOUT any modern tech. History tends to repeat itself.. The fight for freedom doesn’t end with using our computer as a podium, I fear if that is your idea to bring about change.. well get OUTSIDE and change world you live in.

    • GaryToo

      so exactly what u r doing yourself? what else r U doing?

  • major

    How anyone could for President Dunderhead and his administration of wacko’s is behind any understanding. But vote for him twice?? No one is THAT stupid.

    • John Howard

      I’m sorry, but faith is a powerful force. It may look like stupidity, but it’s really something very wonderful and our dear leader will save us with his executive power if only we can keep him in office for another four years. Better than to let any of those fat rich republican nasties win. I know about these things. I watch TV.

      • RealityCheck

        Well im sorry john, that you missed the whole point of what i was saying, I said, we need jobs back, to remove Obamacare, the GREED must stop, Republicans are the ones that continue to push a FAIL SYSTEM, GAFTA, Now there stuck with it, or lose there investments, What part didn’t you understand and maybe i can help you out..?

        • RealityCheck

          Some Democrats are doing the same thing, Sounds like an interest of conflict.

        • BigMouthBigBrain

          So what is “greed”? Really. Try defining it without subjective prejoritives, presumtions and thinly veiled envy and entitlement.
          “It’s not what’s ‘best’ – it’s who gets to decide what’s best.” Tom Sowell

          So who gets to decide for you?

          • jayhawk

            Greed is when you put your own gain above other things, especially at the cost of the welfare of others. A lack of love for others. Am I to define love for others now?

      • GaryToo

        or you know about these thing because you served 3 terms as PM John Howard?

      • Joseph Cox

        Not really. He’s just making everything worse. And just because you watch TV doesn’t mean anything. For all we know you could have an IQ of 26 and trying to comprehend what’s going on around you and failing super hard.

    • Geoffrey Anderson

      Are you talking about Dubya?

    • Pete

      “How anyone could for President Dunderhead and his administration of wacko’s is behind any understanding. But vote for him twice?? No one is THAT stupid.”

      Yes, THAT was stupid.

      Thank God President Dunderhead and his administration of wacko’s left office in 2009.

  • bob

    chances are we are doomed in the U.S.
    WHY? because for every person that is angry and looking for true change to happen the are at least one partisan idiot from either side of the political spectrum that refuses to remove his/her head from where the sun dont shine. as long as both the DEMS. and the REPBS. have supporters that blindly follow and back them no matter what they do,nothing will ever get fixed. same old shit different day.it’s what they count on in D.C. so while everyone in the rest of the country points there finger at everyone else,on capital hill it’s business as usual. WAKE UP PEOPLE! IT ISNT THE REPUBLICAN LEADERSHIP OR THE DEMOCRATIC LEADERSHIP! IT’S BOTH OF THEM! TOGETHER! IT WILL CONTINUE TO BE THAT WAY UNTIL YOU ACKNOWLEDGE THAT THEY ARE ALL CROOKS AND THIS IS THE GREATEST FLEECING IN AMERICAN HISTORY. UNFORTUNATELY IT WILL BE THE LAST IF WE CONTINUE TO FIGHT AMONGST OURSELVES INSTEAD OF GOING AFTER THE TRUE CULPRITS! ALAS,WE HAVE BECOME A COUNTRY OF STUPID SPITEFUL LAZY UNCOMPRIMISING SPOILED ROTTEN CHILDREN! WE NO LONGER DESERVE WHAT THE GREATEST GENERATION FOUGHT AND DIED FOR!

    • 0UTS1DER

      Glad to see someone over there realises that both sides are just complete puppets

  • Tony

    I’ve watched stocks be manipulated upwards since 1993 under the guise of tell a big enough lie and everyone will believe it. I followed the stock market since the 1940′s and can’t ever remember a point in time that stocks were more overvalued than today. A repeat of the ’87 crash should be right around the corner after the U.S. election followed by an erosion in share prices until today’s values drop back to the long term averages or about 75 percent down. For all that remember there was plenty of good news when the long term averages were made. Today it’s all bad news and people trying to put positive spins on bad news to make it look like good news. I see all commodities falling except maybe uranium.

  • Patrick

    I am suprised to see people who like Obama. I guess if your part of the 48% of Americans who are needing government assistance I could see why. For obama to blame congress for everything is lunacy. He does not understand that “congress” is the senate and house. He has the senate and had the house for the first two years of his term. He basically got anything and everything he wanted in his first two years. Hence we are buried in debt. Actual unemployment is over 15% (take out the people who are no longer eligable for unemployment and the workforce reduction obama put in). This guy has violated the constitution and has not done a damn thing to make this country better. Like Reagan said Government is not the solution to the problem it is the problem!! If this in over his head president in name only gets reelected this country will be done for the rest of my lifetime. The only way to fix everything he has screwed up is get the house, senate and white house out of the hands of the irresponsible liberals.

    • Mme DeFarge

      I object to this opinion. I do need government assistance. I qualify, but guess what? There ain’t none. Income wise we’ve qualified for food stamps for over a year, but every time I apply they lose the paperwork and send me a letter saying it wasn’t submitted. Even when I’ve hand delivered it, and watched the caseworker copy it and bring it to her office. I’m down to buying food only for the kids and dad and I just eat the scraps they don’t want. Four years ago, we were solidly middle class, but this is what happens when you’re enslaved in a crashing system and completely dependent on the whim of an employer who one day decides she just doesn’t like you because there are a hundred people waiting in line who would do your job for less. So, I hope you never lose your job or have to endure an emergency situation, because all that help you think is out there that you’re supposed to be able to depend on isn’t there any more! It’s a myth.

      • SerryJW

        I’d love to know where you live. There is still help in CO…God Bless

      • Cosmic

        I disagree with your statement somewhat. Public assistance is for minorities only, so my first question to you is: Are you part of an ethnic voting minority?, if not, then no you do not qualify for public assistance. It is a proven fact that white middle class do not now nor will they ever qualify for assistance. It seems that our government (of which I’m a military veteran) is a government of the minorities, by the minorities, and for the minorities. I am not trying to be offensive or racially bias but the truth is the truth. Should you not believe this, check your local government statistics by race. My question is this: Why aren’t more people outraged by this? Have we become such a nation of wimps that we refuse to stand up for ourselves?

      • Cathy

        I am sorry you were a victim of the economic times. Where I live
        is an area dependent on tourism so there’s lots of low paying
        service jobs. All the living wage jobs have left the area. I am
        lucky since I still work although part-time and pray I don’t need
        medical care or car repair. I also share a living space with two
        senior relatives and they appreciate help doing things. We look
        after each other.

    • MIKE

      I agree OBAMA had house, senate,and president for first two years,if he had a plan to change everything for the better he could have set everything place for recovery.all they done was to pass obama care.Ican still hear nancy Pelosi,screeching we have to pass the bill so we can see whats in it.why they didnt drag her out,and remove her from office i will never know.they are purposly driving this country in the ground.I THINK IF Republicans get in power, will they do anything or just sit on their hands and blame obama,and do nothing?

    • 0UTS1DER

      So I suppose you think that Bush was a good president then? And those wars were a great idea? Wake up. It’s got nothing to do with political sides. It’s been behind the scenes puppetry for years, just appealing to the lowest common denominator from their constituency base

  • http://www.organogold.yourcoffeesir.com Rahim

    What are we going to do? Don’t look for another job, but look for an opportunity to grow and share.

  • Jerry

    All you sheep can go ahead and grab your ankles. REPEAL IT!!!

  • Shirini

    I think you missed a big item on your list: the looming fiscal cliff.

  • Brayden

    I’m in Australia! No problems here!

  • David

    If Americans read the first 2 paragraphs of the Declaration, they’d know what to do…

  • http://itsafluffy.blogspot.com DL

    Like I always say, we Americans will get what we deserve.

    1. Get out of debt. Now.
    2. Get some land in the rural remote.
    3. Grow a garden
    4. Get some livestock. You know, chickens, goats…
    5. Dig a water well AND collect rainwater
    6. Stop watching TV and especially the mainstream media (the US Dept. of Propaganda)…ever hear of reading books?
    7. LEARN A FOREIGN LANGUAGE! You might need to use it one of these days (and esp. for you “leave the country” folks)
    8. Learn low-tech skills: fire-starting without matches, sewing without a sewing machnine; cooking without stoves/ovens/microwaves; chopping wood; fixing your own car/changing tires/etc.; basic carpentry, plumbing and electrician skills
    9. learn a musical instrument, that way you can entertain yourself; learn to draw or paint or sculpt; write a book
    10. walk a mile or two every day and build up your stamina

    • DSmith

      Some good advice. Most of the skills you suggested are becoming a lost art. Those of us who grew up in the 50′s got a smattering of many of those skills. Instead of college maybe learning a skill is better. Long term it could be a more stable future. Everyones skills will be like gold if things go as discribed. People being connected to there neighbors can’t be allowed to be just “a thing of the past”

  • Ed Schmuch

    could you please write these articles on a page from left to right as we do in the US. reading words written in a one word column is very hard for this senior

    • Michael

      If you expand your page to fill the entire screen that should help.

      Michael

  • TooLittleTooLate

    Doesn’t matter who gets elected…. we’ve already past the point of no return here.

    Obama will lead us head long into the abyss, Romney will manage the decline as long as he can.

    Romney will not address our debt issues in any real way. Business will be as usual… the high power lobbies will get regulations passes to benefit their corporate interests…. nothing will change while the country goes to hell in a handbasket.

    The middle class goes into further decline… more become poor and out of work.

    The banking cartel, re-writes yet more rules when one thing or another implodes playing financial “whack a mole”, each and every time robbing the taxpayers of yet more of their income while solving debt issues with more and more debt.

    What will be different this time is that in Europe, it’s a soverign issue, not a banking issue and, the eurozone can’t come together to solve an issue like the US did back in 2008.

    How can the Euro be fixed when the issue is confidence in the coutries, not the banks…. who will jump in and commit the taxpayers to more debt when the confidence issue is with the country???

    Meh, I live in the country now… I’ve got livestock, a garden and, security…. I’ll fare better than most, I suppose but, I have no illusions either.

    I don’t wish or hope for any of this…. I’m not in that crowd…. I’m not blind either.

    • 0UTS1DER

      You don’t think that Romney’s open declaration of a much firmer stance towards Iran isn’t going to end up with you guys in another war? I’d say it’s more than a little bit likely…

  • Don Ruane

    DL, you forgot the most important purchases, buy guns and ammo, then learn to use them !!!!!

    • Justin Pickering

      Paranoids ready to take up arms against one another at the first sign of difficulties. That’s what you are. You need to learn that you are all on the same team, you gun-toting idiots. You are interdependent. If you go around shooting one another as the economy falls apart, there will be no society worth preserving. Here’s a word of advice. Grow up. Man up. Drop the firearms and help out those in your community to survive for as long as possible. A real man helps those in his community survive during tough times. An angry child hides his own fear behind the sights on a rifle.

      • cwstairs

        Actually, my weapons are for a very specific use. Defense. Anyone I might ever shoot will be someone harming a child or trying to harm or kill innocents. Nobody is going to be shooting at each other. People who have not abandoned their morals will be depending on each other, to ward off the evil of armed gangs who already have evil intent and a “command structure” in place. My weapons are for defense only, when they are in my hands.

  • Sofia

    Michael, on my iphone I can never read previous comment pages. They won’t scroll down. Do you have a solution for this?

    • Michael

      Sofia:

      I actually intend to try to make this site more “mobile friendly” but I am a bit tech challenged so it might take me a little while to learn. :)

      Michael

  • Rodster

    http://www.cnbc.com/id/48090913

    “The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.

    The comments by IMF Managing Director Christine Lagarde came after the European Central Bank, the Bank of England and China’s central bank all eased monetary policy in a sign of the growing alarm over the health of the world economy.”

  • Jade Queen

    DL

    Composting your own effluent should be added to the list. Fish did not sign informed consent for human nonsense in the water.

  • http://www.Jesus-Seal.org/ Kenneth Lowndes

    Using the ivamu Standard for Establishing the Value of Money, the ivamu agrees to pay off the entire world wide load of debt and the entire derivitive crisis, PAID IN FULL.

    Using the ivamu Standard, we will FIX the entire economy in a literal 24 Hours, and we will do it all, PAINLESSLY.

    We do not require decades or centuries. Total hogswash.

    “The Economic Crisis is OVER – if you want it (to be)”

    • SerryJW

      A WORLDWIDE JUBILEE is the ONLY answer. The derivatives debt will bring down the entire world financial market. No one can survive debt 15X the world GDP

  • patrea

    theres more to life than money so be more concerned about GOD. OK?

  • John E

    The value of life can exist in the very least perceptions, compared to media hype, as we exist as perceptual beings capable of opening the doors to perceptions which were formerly closed, and is required in moving through life’s hardships. Truth is denied while it is only word/media based. I am going out to volunteer my help today, I am there as here, in small as in big.

  • Cathy

    I have been going through the years of 1929, 2008 and 2010 looking for
    things that might be similar regarding economic crisis. It’s easy for
    the 20′s since that was the start of prosperity for even the average
    person through the stock market. There were few regulations on banks and
    they learned quickly how to speculate for more wealth. In 2008 it was
    more difficult but with bad loans and easy credit it wasn’t hard to see
    a correlation. Then 2010 it was technology coupled with greed and the fast
    trades done within seconds High Frequency Trading it’s called. Now we are
    supposed to have safe guards in place to prevent some of the same players
    using bad credit and loans in the derivative markets to make billions but
    even the regulators are paid by the people they regulate. Look at LIBOR
    for instance. Banks across the globe manipulate the interest rate and the
    Feds say they didn’t know it was going on!
    On a funny note, I also noticed that natural disasters preceded an economic crisis in many instances. You know, like hurricanes, huge snow storms, earthquakes and even world events that signal tensions increasing.
    I would pay attention to the later part of September and again at the end
    of October. Might be a pretty interesting time.

  • Wee R. Scrood

    The center can not hold. We are going down and only the strong and the lucky will survive. I don’t think most people in the U.S. have any concept at all of how bad it can get, and how fast, in the face of financial collapse. Get some food and water stored. Get some guns. Get out of the cities if the sh-t starts hitting the fan. I’m not a survivalist sitting in my underground bunker in the middle of Montana. I’m just a middle aged guy who can read the writing on the wall. I’m prepared to load my car and get out of Dodge in thirty minutes if I have to. Can you say the same thing???

  • http://CertaintyOfWhatisComing.blogspot.com Paul

    I am sure things will work itself out. You’ll see. Like they say, “if there is a will, there is a way.” So I won’t loose sleep over it. good night and sweet dreams.

  • Joan Camara

    Well here it is, 2014….duh

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