The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Blueprint

The Mystery Of The Shemitah
Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

Young Living Thieves Oil Spray

Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming

Goldman Sachs is doing it again.  Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse.  On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients.  The general public was not intended to see this report.  Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.  It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering.  In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse.  If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.

There is a tremendous amount of fear in the global financial community right now.  As I wrote about the other day, the financial world is about to hit the panic button.  Things could start falling apart at any time.  Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on.

According to the Wall Street Journal, Brazil believes that "as much as $1 trillion in capital may be needed to shore up European banks; that small businesses in the U.S., a past driver of job production, are still languishing; and that China's growth may not be sustainable."

Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe.

For example, this following excerpt from the report sounds like it could have come straight from The Economic Collapse Blog....

“Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

Remember, this statement was not written by some guy on the Internet.  A top Goldman Sachs analyst put it into a report for institutional investors.

The report also goes into great detail about the financial crisis in Europe.  Brazil writes about how the euro is headed for trouble and about how dozens of financial institutions in Europe could potentially be in danger of collapse.

But in any environment Goldman Sachs thinks that it can make money.  The following is how Business Insider summarized the advice that Brazil gave in the report regarding how to make money off of the impending collapse in Europe....

  • Buy a six-month put option on the Euro versus the Swiss Franc, thus betting the Euro will drop against the Franc (the Franc being the currency that an official Goldman report recently referred to as the most overvalued in the world)
  • Buy a five-year credit default swap on an index of European corporate debt—the iTraxx 9. This is a bet that some of these companies will default, and your insurance policy, the CDS, will pay off

This is so typical of Goldman Sachs.  They will say one thing publicly and then turn around and do the total opposite privately.

For example, prior to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and marketing them to investors as AAA-rated investments.  On top of that, Goldman then often privately bet against those exact same securities.

The CEO of Goldman Sachs has even acknowledged that the investment bank engaged in "improper" behavior during 2006 and 2007.

For much more on the history of all this, please see this article: "How Goldman Sachs Made Tens Of Billions Of Dollars From The Economic Collapse Of America In Four Easy Steps".

So will Goldman Sachs ever get into serious trouble for any of this?

No, of course not.

Yeah, they will get a slap on the wrist from time to time, but the reality is that the top levels of the federal government are absolutely littered with ex-employees of Goldman Sachs.  Goldman is one of the "too big to fail" banks and they are going to continue to do pretty much whatever they feel like doing.

Sadly, the power of the "too big to fail" banks just continues to grow.  At this point, the "big six" U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assets equivalent to approximately 60 percent of America's gross national product.

Goldman Sachs was the second biggest donor to Barack Obama's campaign in 2008, so don't expect Obama to do anything about any of this.

We have a financial system that is deeply, deeply corrupt and all of that corruption is a big reason why things are falling apart.

Sadly, the 54 page report mentioned above is right - we really are facing a global debt meltdown and we really are heading for an economic collapse.

You aren't going to hear the truth from the mainstream media or from our politicians because "keeping people calm" is much more of a priority to them than telling the truth is.

The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable.  Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike.

But let there be no doubt - it is coming.

The amazing prosperity that we have enjoyed for the last several decades has largely been a debt-fueled illusion.  It was a great party while it lasted, but now it is coming to an end and the aftermath of the coming crash is going to be absolutely horrific.

Keep watch and get prepared.  We don't know exactly when the collapse is going to happen, but it is definitely on the way and now even Goldman Sachs is admitting that.

Be Sociable, Share!
  • http://www.placeofrefuge2012.com Sheila

    It may just be trash talking the USA, don’t be surprised they do this and have done that to countries like Iceland and Greece to name a couple of instances. Sell them triple A bonds then as soon as the check clears start trash talking the bonds and make money selling the suckers the bonds in the first place then make money again short selling the bonds you just sold as AAA investment.

    Its only a devil that finds a way to sell to both concerns and the expense of both.

    http://www.placeofrefuge2012.com

    • Think Please

      “Trash talk” I don’t thinks so! Not a 54 page report. That report is well thought out and thoroughly analyzed.

  • plato’s pug

    Follow the trail..the elite are already making provisions to bail–the Bushes have bought huge farms in Uruguay and more are nesting in their underground mansions in Wyoming and Idaho.

    This explains the reasons for Obama’s bullshit careless attitude about the jobs speech this week…even he is privy to the insider info, I’m sure.

  • DeathSpiral

    Gerald Celente has stated on numerous occasions that the government does not have the where-with-all or expertise to solve this financial crisis. They are in over their heads.

    Gold doesn’t lie and it doesn’t have a heart so why is it at record prices?

    Is it time to bring in the likes of Martin Armstrong for help? Public Enemy #1.

    Oh, the tangled webs we weave!!!

  • William

    GS should know what they are talking about. Their relatives in the City of London, at BIS and the ECB and the Federal Reserve, and at all the Bilderberger meetings, developed and engineered the coming collapse.

  • Grasshopper

    This is crazy. When I read things like this, it makes me wonder how a lot of people can know about this and everyone just keeps moving along like it’s fine. On the other hand, I am not sure what can be done. It is like we must hit rock bottom before we can get better.

    • Helix

      What can be done? We can start by giving the Federal Reserve two weeks notice. The US has no problem with debt, other than it has turned over the money issuing authority to the Federal Reserve, AKA Goldman Sachs et al. Who then saddle the US governemnt with interest-bearing debt in order for the US to have a money supply. The system is corrupt to the bone and creates impossible math.

      Make no mistake. This collapse is the inevitable result of the money system as it is presently incarnated. The banksters will holler bolldy murder because their fictitious money evaporates in a pile of debt writedowns, while conveniently neglecting to mention that they created the money out of thin air in the first place, and in the meantime skimmed the fictitious stream to acquire real wealth.

      It’s rotten to the core and has corrupted our government. What’s happening to Americans right now is what they’ve been doing to most of the rest of the world for decades. And the federal reserve is at the heart of the darkness. It must go and the money creating power returned to the congress, as stated in Article I Section 8 of the Constitution. Until that happens, the world in general, and Americans in particular, will remain enslaved.

  • JAV

    So if the euro will fall against the Swiss Franc, doesn’t it make it undervalued instead of overvalued. I was waiting for a little rally in the dollar to get som CHF but not sure if that’s going to happen.

  • dmitry

    oh my…looks like we are in deep trouble.

    as always thank you for taking to post this on us.

  • Mad Max

    Now this is scary if you didn’t see the writing on the wall already.

    I’m not afraid anymore!

    Cheer up! The Revolution has started -
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    FIGHT THE CAUSE – NOT THE SYMPTOM
    Time to throw out the garbage before we become the garbage!

  • Colin

    There is something wicked in the minds of the Corporate Class. For example, they pay for dead peasant insurance and bet on their employees dying so they can pocket the insurance money. So, for me, this isn’t surprising. This is another instance of them earning money from the misery of the peasants. I can’t think of a more lazy exercise than placing a bet and waiting for the results to come in, or anything more ugly and mean-spirited than benefiting from the misery of billions.

    I have watched as the enemies of our country create the conditions that support and fuel their beliefs. Public education is bad and the students are not learning, so they say as they cut the budget for these schools and their teachers. The government is corrupt and inefficient, so they say as they appoint cronies and place into legislation laws that obstruct government’s ability to work. As I write these words, I think to myself, how will these enemies of our country, and of the world, ensure that their vision will come to fruition? We know that they are preparing for a economic collapse, so what will they do to bring this collapse about?

  • Mario

    Can someone out there tell me why people are not freaking out with the Banks and Goverment. Why are we just sitting by and letting this happen?
    Are we all afraid to stand up to them?
    All I here and read is to store food and by guns, that isn’t going to solve anything but sure will create more problems.
    We have for years stood by and let this happen and done nothing because we were enjoying our selves and thought that we could contuine spending our way to happiness. But deep down we all new that this was to good to last and couldn’t contiune but while it lasted what the heck just ride the wave, and now we complain……..well I think that we have to take some of the blame for what is
    about to come upon us.
    All of this is the result of all of us, me included having left God out of our lives. The only solution I see now is to admit our fault and seek Gods forgiveness.
    We put God a side and begun to worship the god of money and materialism and God being God said ok I will not force you to listen to Me, so worship your gods and see where it gets you. Well we now are about to find out .

    God have mercy on us.

    • http://crossworksme.com BigM

      Mario I concur with every word. Timothy 3 is happening before our eyes this very moment!

      http://www.biblegateway.com/passage/?search=2%20Timothy+3&version=NLT

    • Otown Right Guy

      What exactly would you have us do? I am going to vote for Ron Paul. Are you? If not you are voting for more of the same. Although, even if he won, it would probably be too late to help.

    • Kate

      I want to know the same thing: Why are we just sitting by and letting this happen?

      But on the other hand, what can we do, realistically?

  • http://georgesblogforum.wordpress.com/ George Forfa

    The Wealth Transfer Machine has been chugging along for at least 150 years. I’ve written many times about how this mess will be spectacular when it blows. I asked the rhetorical question, “If everyone is involved in committing the same crime, and no one presents themselves as an injured party, seeking restitution of damages, is there a crime?” The secular humanist position would bem “No harm, no foul”. If people consider the possibility that God was right all along, and there is a higher court than any institution of man, they must also consider the possibility that economic collapse and great suffering is coming. Complicity with this currency system increases the risk of being caught in the collapse. We need to get out, while we still can.

  • r.bitting

    Keep watch indeed. The judge of all the Earth is at the door and do you people think for a minute that your Gold or Silver, your bullets, beans and bandaids will deliver you? If your neighbors will trample someone to death at the front doors of Walmart just to save money on Christmas presents, what do you suppose they’ll be willing to do to you when they have no food for their children? I’m all for being prepared for an emergency, but this nations ills are moral first and foremost, not financial, that’s just a symptom of a far deadlier disease. Unless this nation does a moral 180 in a hurry ( and it won’t ), You can expect judgement to fall, and soon. And for those of you who doubt that God is behind this, just take note of the record number of natural disasters just this year alone, and notice how they are now coming more frequently and with more destructive force. But nothing will wake you people up to the truth, so disregard what i’ve written. Besides, you have more important things you need to do, like getting ready for the Lord’s next attempt to get your undivided attention, Hurricane Katia. You are surely all about to witness the Day of the Lord. ( inside, you know what i’m saying is the truth ).

    • http://lastdayrapture.blogspot.com/ TK

      Amen R.bitting!

      It is a shame to even admit that it was Americans who trampled another American in the name of Greed.

      America’s first problem is immorality.

  • Maria

    Finally, somebody outside the alternative news media admits the truth! And of all places, it comes from Goldman Sachs? How ironic. The biggest and most profitable liars in the business admit the truth. Well, the secret is out now. Doesn’t change one iota of my plan. Keep on prepping!

    • Helix

      Of course Goldman Sachs knows the truth. After all, they and their cartel are the ones running the con!

      Admitting the truth is another matter. It’s an indication that they now feel invulnerable. They’ve got the mark’s money! They now own or control the US government, the media, and, most important, the military.

      I’ve seen quite a few posts lamenting the fact that noone seems to be standing up against this corrupt system. Soime even suggest that Americans, by not standing up, are complicit in the fraud. I disagree. Most Americans have ben unaware until recently of the true nature of the financial system, living as they do in a knowledge blackout courtesy of that controlled media. That’s what a con is all about. The game appears to be different than what it is. By the time the mark realizes he’s being taken, his money’s already gone.

      Those Americans who saw through the ruse recognized that they stood no chance against the forces deployed to insure the status quo. They realized that it would only be when the fraud was laid bare for all to see that they would be able to muster sufficient support to force fundamental change.

      Expect this to be a fight to the death. Think Allende in Chile and Aguilera in Ecuador. Think Torrijos in Panama and Guzman in Guatemala. Think Saddam Hussein after he announced he would be taking payment for his oil in Euros rathar than Dollars.

      It has been said that the price of liberty is eternal vigilence. Americans are just now beginning to realize that they’ve been wandering in a fog. Before it’s over, they may very well find themselves wandering in a fog of war.

  • Highspeed

    I just saw on a local newscast in Charlotte NC, that BOA and other Big Banks are being sued by the US government. How does all of this play into the collapse scenario?

    • Helix

      Don’t make me laugh. Bank of America and it’s buddies at Goldman Sachs, Citi, Wells Fargo, and JP Morgan own the US government. Or should I say, they’re all part of the same club.

      A lawsuit? Ahahahaha. That’s rich! Listen, this will be all show. Entertainment for the masses to maintain the illusion that the US government actually has a say in the matter. With the added benefit of maybe creating an example of a few Americans being treated decently whenever such an example needs to be trotted out in the future. Rest assured, though, that whatever BofA coughs up in the way of a “settlement” will be generously recompensed in the back room.

  • McKinley Morganfield

    GS, JP Morgan, etc. are criminal enterprises. DC is a criminal enterprise. Fraud, corruption, insider trading, and graft are the tools of their trade.

    This time they have way overplayed their hand. Nothing they can do will change the fact that there will be a catastrophic global economic collapse. They think they are going to be safe and secure while the dominos cascade, but they are wrong. The reason they are wrong is that a collapse will bring about martial law (they know this) and martial law will lead to a revolt and a revolution (this is beyond their imagination).

    • Helix

      Not beyond their imagination in the least. You think these guys are stupid?

      Listen, these guys have been stripmining the world for generations. They and their government comrades have staged wars, coups, and **********. They regularly destroy economies to acquire their assets at fire sale prices. Do you really believe that the Military Commissions Act, the “Department of Homeland Security”, the illegal wiretaps, and all the rest are to “protect us from terrorists?”

      The only real way to fight this is to withdraw your support. Buy a bicycle and use it. Plant a garden. Never, ever go into debt for anything that will not outlive the term of the repayment. Even then, it’s better to settle for something you can pay cash for. Turn off the TV, and never purchase an unneeded consumer item.

      And take any and all money you have over and above what you need in totally liquid cash (6 months living expenses, or a year if you have a mortgage) out of their bank and buy gold and other precious metals. The reason gold is pooh-poohed by the financial powers and the banking system in particular, at least publicly, is because it is a store of wealth that is beyond their control. What they deal in is money and financial instruments. As long as your assets are in that arena, you’re playing their game and they have the home field advantage.

      • McKinley Morganfield

        “Not beyond their imagination in the least. You think these guys are stupid?”

        No, they are not stupid, but they are vain. Vanity precedes a fall.

  • VegasBob

    The CEO of Goldman Sachs, Lloyd Blankfein, aka “Lord Blankcheque” belongs in prison along with our illustrious Federal Reserve Chairsatan Ben “Bernokio” Bernanke.

    Perhaps they should have adjoining cells to Bernie Madoff, whose crime of ripping off rich people is literally peanuts compared to the crimes committed by Goldman Sachs and the Federal Reserve.

    Both Bernanke and Blankfein should be charged with hundreds or even thousands of felony counts, starting with fraud, grand theft and perjury, and should spend the rest of their lives in a prison cell.

  • unkus

    The New World Order cannot be implemented as long as the USA is soverign and strong. That’s why the collapse is coming.

    • http://crossworksme.com BigM

      Exactly!

  • InArizona

    Michael… I read your blog all the time and check every day for a new article from you. I thoroughly enjoy reading both this site and you american dream site.

    But I always have have the same question after reading your blogs: How long? I know you are not an expert or privy to all the information the “elites” are, but how long in your opinion do we have before it all comes tumbling down?

    I am not a person of means, my spouse and I are fairly young and never got much of a chance to get a career started before the economy flopped (in my opinion, as soon as we started exporting the skilled trades to China, that is when we started flopping) so we do not stand to make any money from the collapse of the economy as this article points out that is possible. We are just trying to figure out what we need to survive the collapse.

    So what are we talking? A year, two, or three. What does YOUR gut tell you?

    • Michael

      InArizona:

      Thank you for the kind words and thank you for visiting so frequently. I know that there have been some days recently when I have not gotten any articles posted. I am hoping that once the “settling in” process is over in our new place that I will be able to devote much more time to writing.

      How long do we have?

      I think that we are going to see the next “wave” of the economic collapse some time in the next couple of years, but that will not be the end. There will be more waves to come.

      So get prepared in the short-term for the next wave, but also mentally prepare yourself for the long haul.

      Michael

      • DeathSpiral

        I agree with Michael. The U.S. is a big boat and will not sink anytime soon. There’s always a chance that things could turn around but it’s still a couple years out before anything catastrophic would happen. Until then it will be a gradual decline with a couple panics in between.

      • InArizona

        Thanks Michael,
        I do really enjoy reading your well-thought out articles and I do trust your gut, you are well-informed and I appreciate all you do for us readers!

      • Fed Up

        Michael,

        Did you post somewhere about your move (from where to where, for what reason) that we can read? Was your move related to preparing for economic crash? Can you share any details of where you chose. If not, we understand your desire for privacy.

        • Michael

          I was hesitant to talk about my move in my articles because my articles end up on many, many other websites. I am not sure I want thousands upon thousands of people knowing where I live.

          Yes, this move was part of the long-term plan my wife and I have had to get prepared for what is coming. It also helps that the place where we now live has great natural beauty. :)

          When I encourage people to prepare, I am not telling them to do something that I am not doing. Some really difficult times are coming, and we all have some hard work to do to get ready.

          Michael

          • Fed Up

            Appreciate your concern for privacy, especially with you being so public.
            We, also, have just made a cross-country move to the mountains of North Carolina to live out the difficult times where there’s a great growing season, easy access to abundant water, good hunting fishing, access to wild foods, firewood, etc, etc plus there are TONS of other preppers in this area–in fact two we just met there are consistent readers of your blog!

          • Michael

            Wow this site is getting around, eh?

            Well, tell them that I said hello – I wish I was close enough to have the chance to meet you all.

            Michael

  • Mark

    Only a fool thinks that they can solve a debt problem with more debt. The fools in government I guess should be described as having a tiger by the tail and scared to death to let go. The tiger is debt and the benifits which are all paid with borrowed money is the tail, the riots will happen when they let go of the tail. I do not know what the reset will bring, but the wealthy will not want to give up power. The best way for all of us is to prepare for the collaspe by storing food abd other items. If enough do this we will not have to take what the super rich and powerful have in store for us. So get smart America, stock up so that we can say no. We need to restart by going back to what our Founding Fathers had in mind. For what the progresives have done for the last 100 years does not work.

    • Old Man

      Mark,
      The foundation of the fiat money system is precisely to solve debt problems with more debt. This is why the men in-charge are doing it. Because they are in-charge of the fiat system.

  • http://www.youtube.com/user/zedgehero Zedge Hero

    Down with the Banking Cartel!

    This week I am covering the under reported Chile Protest on my weekly World Revolution News against the United Banking Cartel.

    http://www.youtube.com/user/zedgehero?feature=mhee

  • Jase

    I’m not a believer in doomsday stuff or conspiracy theories. I do believe and have seen first hand the greed, selfish, and me, me, me attitude we have had for at least the past 1-2 decades and firmly believe many of the monetary elite and powerful folks can sleep very well each night if they can line their pockets; even if tens of thousands or even more people go to sleep with empty bellies.

    There is no way I could win at being president of the US, but honestly, how many people would want to jump into this mess? What exactly could anyone do to fix or correct the situation? The only thing I could think of to do is to default on our debt and cut off the rest of the world. That wouldn’t go over too well.

    I see websites and informational sites all over and everyone who reads this stuff is on the same page. Collect storage of food and water. Arm yourselves for defense. Make contacts with other like minded people. The problem is too deep to fix. The banks, corporations, government, etc., are all on the same page and have killed the golden goose.

    Also not one to believe in the entire idea of end of the world scenarios, but it sure seems like 2012 is going to be a pivotal point in our evolution and how we look going forward.

    Still, I’m going to keep on going with what is expected in our society while preparing. I need to have a job/income. I want to contribute to my city, community, and country. I believe I should enjoy the good things in life. Not expensive material goods or overpriced clothes, food, drink, etc., but to be able to visit our national parks and take pictures and take in the glory of my country.

    Goldman should have went down, just like GM and any other corporation that was in trouble and needed a bailout. Survival of the fittest and such. No small business that is not part of the too big to fail mentality or family gets a bailout. Why should these other entities? They should have been pulled off life support 2-3 years ago.

    • McKinley Morganfield

      “What exactly could anyone do to fix or correct the situation? ”

      Tell the truth. That is the first step. Until we accurately describe the problem there is no way forward.

      “The only thing I could think of to do is to default on our debt and cut off the rest of the world.”

      Why not wipe clean the debt owed to the Federal Reserve and have the government issue its own debt free currency?

      “Goldman should have went down, just like GM and any other corporation that was in trouble and needed a bailout. Survival of the fittest and such. No small business that is not part of the too big to fail mentality or family gets a bailout. Why should these other entities? They should have been pulled off life support 2-3 years ago.”

      Amen.

    • Helix

      What we can do is return the money creation power to congress, where it belongs. The Federal Reserve will then just be a clearing house for banks. Woodrow Wilson realized almost right away that he had sold his country down the river by signing the Federal Reserve Act once he saw how the system worked. It took the rest of the country almost 100 years to catch on, due mainly to some widely held misconceptions about how the banking system actually works. Misconceptions that the banking system itself did absolutely nothing to disspell. In fact, one wonders why a clear explanation of the banking system isn’t part of one’s high school education… One wonders…

      • McKinley Morganfield

        Wilson was the worst president of the modern era! LBJ, Nixon, Carter, Bush 2, and Obama pale in comparison to Wilson. Sorry to deflate your balloon, but Wilson was a sick, twisted ‘progressive’. The damage he caused reverberates into the present day.

  • HeyNowHereNow

    Who believes that a forked tongue can only have two prongs? The GS vipers can easily give out disastrous advice to their regular dupe customers, catastrophic advice to their “special super-dupeR” customers, and then do a triple-head fake to screw over the rest that know that GS is a lying sack of vipers and therefore think that they can guess what GS will do to screw over both sets of their own customers. Dangerous assumption. GS can and does lie six ways to Sunday. They have defeated the laws of Logic and this 4-dimensional Space itself, in validating the impossible adage: “Everything they say is a lie, even when they say so”.

    Best to stick with the Inevitable and Inexorable – i.e., those things that even GS cannot manipulate, screw over or lie about. Gold and Silver over the long term.

  • tommcd

    It seems like more and more people are talking about an economic collapse these days. Even the Linux news site distrowatch.com recently ran an article entitled “Is economic collapse good for Linux” http://distrowatch.com/weekly.php?issue=20110801#feature
    This is not the sort of thing that they normally discuss on distrowatch. I nearly fell out of my chair when I read that.

  • Michael

    Of course, if Goldman Sachs’ bets go bad, they can always get the Fed to digitize a few trillion dollars to bail them out.

    Heads I win, tails you lose…

    • McKinley Morganfield

      That is the bare naked truth.

  • Gordan Finch

    One of the most audacious frauds being perpetrated on the population of Europe was the bailout of Greece, and the expected default. Which will happen by other more significant countries like Italy and Spain. Germanys reluctant taxpayers support of these weaker countries is collapsing. The massive overvaluation of the Euro is a crisis fraud. It is an unconscionable theft of taxpayer’s money to avoid the inevitable default of a major country like Italy or Spain and a run on its banks.

    This time the situation is serious there is no bailout option unless the Euro is revalued or at least devalued in relation to PIIGS local fiscal conditions. This at least will give it a competitive advantage and limit contagion. But it’s unlikely; the last golden goose of manufactured austerity will die. Before the real cost of fuel tax and duty is realised as the culprit. This tax is destroying everything with inflation. But before the IMF fraudsters release their control all first world manufacturing will have ceased.

    We saw similar plays in the US a war of politicians and public who were asked to vote in tax increases on top of job losses just before the debt ceiling was reached? Now Europe’s future is in the hands of America and Germany.

    Germany’s Federal Court decides next week the questionable support of defaulting countries. See extracts from Money morning below.

    What’s at issue for the Constitutional Court is whether Berlin broke the EU’s Maastricht Treaty, which unequivocally stipulates that member states cannot assume each other’s debts. And, more germane to German citizens and the center-right coalition government, will be the Court’s ruling on whether German Chancellor Angela Merkel’s decision to fund the bailout facility circumvented constitutional requirements to put such fiscal matters before the German parliament.

    And while the court isn’t ruling directly on the EU’s currency – or Merkel’s support of it – the decisions rendered will have consequences for the euro’s future and by extension, the EU as a whole.
    Money Mornings report By Shah Gilani, Capital Waves Strategist, Money Morning.

    The clock may be ticking on the future of the European Union (EU).

    After being shaken to its core by the sovereign debt crisis, the entire Eurozone now runs the risk of blowing up within a week.

    Germany’s highest court, the German Federal Constitutional Court, on Sept. 7 rules on the legality of German participation in the euro rescue fund that was established to bail out Greece.

    If the court rules that Berlin’s commitment to the European Financial Stability Facility (EFSF) goes against EU law, or worse, against the German constitution, the entire Eurozone could collapse.

    Whilst my opinion is somewhat different in timescale than Money Mornings report, I agree the situation is serious.

    Look at the state of affairs with Ministers and Newscorp these meetings in the UK appear one sided with senior Government officials and questionable Newscorp board members. What we have is crooks in suits, payments to police, its fraud, but normal business. The banks are bust, the Government is corrupt, the Police take bribes, the Ministers are backhanded, the MPs are fraudsters, the Insurers are the vilest fraudsters and most dangerous financial predators on the planet, and certain media moguls are insane spies.

    We had gold, the only safe currency, but a creep from Scotland sold it for peanuts.
    Did anyone ask why it was sold, who bought it and. How much was sold and more importantly just how much remains in Britain now. Certainly a lot is now in Switzerland. You know, that bunch of criminals that are so secret they wont know who owns what, when asked. The BIS bank of international settlement springs to mind here and the IMF, its leaders, set free by money and friends in high places.

    Then we have the UN and the World Bank both manipulative gangsters and that guy in Europe rumstroff or something that nobody knew, heard of or had an opportunity to vote in.

    But today is another day, its fraud of cause but then who cares, its just the taxpayer who pays and nobody cares, well at least those in Government don’t, so its up to just you and me, to change things with the ballet box.

    • http://gmajohnsonfacebook TeeJay

      Your knowledge of this is amazing, while I can’t even begin to say I know of this, I do believe you have done your homework and we have similar beliefs/values. My question to you is: What can we do as Americans? I see us headed for disaster, but with life such as it is, see that we are totally vulnerable/unprepared as soverign citizens…if that’s how it’s spelled…lol My name is Trish Johnson, I am on facebook as gma johnson. Thanks for reading, and Blessings 2 U

    • Old Man

      “If the court rules that Berlin’s commitment to the European Financial Stability Facility (EFSF) goes against EU law, or worse, against the German constitution, the entire Eurozone could collapse.”

      No it won’t. Contributions of EFSF come from many other EU members including France. While no EU country can directly bailout another member’s sovereign debt according to treaty, they can certainly contribute to the ECB a stability fund.

      The EFSF purpose with respect to Greece is to fund its short-term sovereign debt due so that it won’t default. But who does Greece defaults to? France, German banks are the main holder. So the fund in effect bails out French and German banks. But surely Greece is the bad guy and must pay a real price. Yes, Greece is asked to implement a most austere budget to pay back the bailout funds over a long period of time. The question is can they do it. The original bailout package only calls for Greece parliament pass a specified austerity budget, which they did. But now, as we see Greece having great difficulty implementing the tough measures, some EU countries such as Norway (?) begin to ask for collateral, in the form of Greek public assets. This, asking a EU member to put up collateral in exchange for EFSF money, may be in direct violation of the Maastricht treaty.

      If this cannot be worked out, then the Greece bailout will be withdrawn and Greece will default immediately. It will likely leave the Eurozone. The counterparites, German, French banks mainly, will declare a huge loan loss. Will they go down in bankruptcy? No, not even close. Because their respective governments will simply take the money pledged to the EFSF and direct it to the banks to shore up their capital. The net is the same. Except Greece will be left alone to take its deserved medicine.

  • AD

    Interesting article, but let’s remember that few months before the 2008 financial crisis, Goldman predicted that the Oil price will hit $200/barrel but it never did. To some extent I agree with the prediction but I doubt after the experiences of the last financial crisis that national governments will sit, fold their hands and watch the global economy spiral into a free-fall with no intervention. I suppose governments the world over have learned that the cost of no intervention far exceeds the cost of intervention. There will always be a bail-out. hahahaha! So no worries!

  • http://lnx-bsp.net/ Tel

    I’m expecting more of a long drawn-out decline, and then gradual recovery, nothing overly dramatic.

    Here’s a tiny bit of good news for you guys, none of the main problems have been solved, but on the other hand, they haven’t gotten much worse either.

    http://modeledbehavior.com/2011/09/01/good-news-on-ism/

  • Paul

    So, what does it mean for my debts – will they disappear when they melt down?

    • Helix

      Only if you can’t pay them. Are they collateralized debts?

      • Paul

        So, if I cannot pay my debts, they will disappear?

        Why should I then fear a debt melt down?

        I should make much more debts instead.

  • Nexus789

    Hope Goldman Sachs gets trashed. Thieves in suits.

    • Helix

      Good grief! WAKE UP! Goldman Sachs and its ilk are running this show! THEY DON’T GET TRASHED! We do!!

      Didn’t those bailouts in 2008 teach us anything?

  • David M

    I think these moneybags cannot see past their spreadsheets. They assume that society will continue on after these banks fail and the currency collapses.

    Call me a crazy nut job, I don’t care. But IMHO, society and the trade of goods and services is going to come to a grinding halt.

    In their microcosm, they see the rest of the world continuing. Just a failure of many banks and financial institutions. And them being there to pick up the pieces and make a profit.

    May God have mercy on their souls when they starve or get raided.

  • Just me

    why is everyone so worried about how much money the banks are making if the paper money will be worthless anyway, I say just keep prepping and preparing for a rough 20-30 yrs and let them have all the FIAT money.

  • Mebee

    The problem with the people of this country is they don’t believe this will ever happen, they believe the party is going to go on forever. They are living in a dream world. And as George Carlin use to say, “if you believe in the American dream, you have to be dreaming.”

  • Dr. Chicago

    Does it surprise anyone that one of the bankster cabal members would lie? The banksters have known for months, if not longer, that the whole system is coming down. They are purposely screwing the stock market to bleed the last few billion off of the suckers who will end up holding the bag to set up their personal retreats before it falls apart. They are running for the hills full speed under the cover of darkness and dollars.

    • Helix

      These guys are NOT running. They’re planning. A financial crisis would doubltless crush millions of ordinary Americans, and perhaps billions around the world. On the other hand, a inancial catastrophe could prove quite useful in some quarters, given that a lot of assets — perhaps even the public assets of entire countries — are going to go up on the block at fire sale prices.

      As the saying goes, never let a good crisis go to waste. Hold on to your cash. This could get interesting.

  • knightowl77

    Thank you Michael succinct as usual….

    I have been somewhat expecting a collapse for some time. I appreciate the additional time to prepare and try wake some people up. However the longer it takes to finally arrive will only make it bigger and meaner than if they had let it collapse back in 2008….

  • not-a-geek

    So is it time to bet the stock market will collapse and how would one do that?

  • http://lastdayrapture.blogspot.com/ TK

    Wow!

    When one of the largest money movers in the World is 2 faced, you know it is bad.

    One face declaring optimism while the other is preparing for the worst.

    Wake as many people up as you can, loved ones, relatives, neighbors, etc.

    It is getting closer to the last day for America’s prosperity!

    http://lastdayrapture.blogspot.com/

  • jerry O

    The economy is going to collapse.

    Learn from history. It always
    repeats itself.

    Every empire goes through
    7 stages.

    1. Good Money -

    Every major empire
    starts out with good money,

    either gold or backed by gold.

    2. Social Programs -

    As a country develops
    economically/socially,

    it takes on more public works,
    adding layer upon layer

    3. Military Spending -

    As a nation’s affluence grows,
    so does it’s political influence

    and spends massively on the military

    4. Wars -

    Nation puts military
    to use and expenditures

    explode and nations go to war

    5. Fiat Currency -

    To fund the wars,
    the costliest endeavors,

    nations start to
    steal wealth of its citizens

    by replacing their money
    with fiat currency

    (value decreed by gov’t
    and backed by nothing).

    6. Inflation -

    Wealth transfer begins as

    hyperinflation sets in

    Results in riots eg. Egypt.

    Price of all commodities
    and goods go up.

    7. Wealth Transfer-

    Final stage,
    in mass movement,

    nation moves out
    of the currency

    and into
    precious metals

    and other tangible assets.

    The currency collapses.

    This results in
    massive wealth transfer

    to those who positioned
    themselves in the

    right asset class
    in advance.

    The US is between stage 6 and 7.

    This transition is
    just beginning.

    This move represents
    a massive transfer

    of wealth.

    This cycle is
    predictable.

    This is what
    happened to the

    Roman Empire and
    every other empire.

    If you would like to learn
    more, you can see

    his free video at

    http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y

    Hope this helps everyone

  • http://www.SiriusNews.com Richard Keane

    please watch the movie

    Wall Street Fails To Deliver

    at http://www.SiriusNews.com

  • Falling Civilization

    Ask yourself this Question; What is Debt?
    Define government debt?
    There is no real debt, how can a country that prints its own money have debt?
    This is one huge Ponzi scheme.
    Like one Op said
    “”Amazing concept…Like something out of the Matrix with a cast of liars, Evil Cabals, and images that don’t really exist.””

    What happens when the world’s people awaken to this fraud?
    What happens to civilizations?
    They usually fall apart because universal consciousness becomes aware of this great illusion.
    The fall of hundreds of civilizations long gone by are documented. But no one really knows for sure why they failed.
    You and I are witnessing the fall of the worlds current civilization, The end must come so a new one may evolve.
    You and I are going to experience the greatest Hell on earth that anyone has ever witnessed.
    Get your books out and start writing it down for future world civilizations so they may read about it and possibly learn.
    Good luck to all.

    • Helix

      Re “There is no real debt, how can a country that prints its own money have debt?”

      It can’t. But, of course, that’s exactly the problem here. The US does not print its own money. The Federal Reserve — which despite its name is actually a private bank — and the Banks print the money. The US government must borrow the money from the Federal Reserve by issuing interest-bearing bonds in order for there to be a money supply. This is the true origin of the National Debt. It is also the mechanism by which the member banks — actually, the owners of the member banks, keep control of the federal government.

      Ever wonder why those bank bailouts a few years back? Look no further than the federal reserve and the member banks. It is the owners of those banks who actually call the shots in this country. The president and the congress are just paid lackeys and useful idiots.

  • Harold Crews

    Goldman Sachs is evil, not stupid.

  • El Pollo de Oro

    Gerald Celente has often described Goldman Sachs as a criminal enterprise, and he is exactly right (Matt Taibbi has made some of the same points). Celente has often said that if Goldman Sachs and the other White Shoe Boys had names like Perrini, Mondavi, Puccini, Montoli, Cellini and Fellini, Hollywood would call it The Mafia. And I would add that Goldman Sachs are much more dangerous than La Camorra, La Cosa Nostra or L’Andrangeta because Goldman Sachs and other criminal organizations control the government of a dying Third World hellhole known as The Banana Republic of America (formerly the USA). The merger of state and corporate power, according to Benito Mussolini, a.k.a. Il Duce, is called fascism—not capitalism, not socialism, not free enterprise, but fascism—and the BRA government embraced fascism when it bailed-out the too-big-to-fails and funded their criminal operations.

    Think about it: Goldman Sachs realize that this Ponzi scheme known as the BRA economy is headed for a total meltdown and say so in private, but in public, those forked-tongue devils lie through their teeth and insist that happy days are here again. That shows you just how corrupt the Goldman Sachs goons are. They know darn well that the BRA is going into what Celente calls The Greatest Depression, meaning an economic crisis even worse than The Great Depression of the 1930s. Indeed, the 1930s will look like sunshine and daffodils compared to the horrors that await us in 2011.

    If I had to choose between a group of Camorra thugs in a dark alley in Napoli (la citta piu pericolosa d’Italia) and Goldman Sachs or The Merrill Lynch Mob (Celente’s name), I’d take my chances with La Camorra (which is saying a lot because I’ve been to Napoli, and it’s easily the most ghetto place I’ve seen in Europe).

  • Covington

    But for what its worth I believe that some in the Media know that things are not well. The anchors certainly convey clues that would indicate that they know something isn’t right. On several ocasions I have picked up on this sentiment while watching CNN International’s “World Buisiness Today”. So the media is in on this they are just under wraps and are under pressure to focus on spin. The truth does come out at times.

  • El Pollo de Oro

    “I’m not an imbecile. I don’t like being raped. I don’t like my money going to the Goldman Sachs Gang. Capisce?” —Gerald Celente

    “Saving the too-big-to-fails is anathema to what capitalism is. ” —Gerald Celente

    “When were we the most egalitarian country in the world? When we had the Glass/Steagal Act, which prevented the banks from becoming the criminal operations that they’ve become.”—Gerald Celente

    “People rail on Obama and say, ‘Oh, he’s a socialist. He’s a Marxist.’ No, he’s not. Socialism is egalitarianism. He’s a fascist. This is a fascist country. Fascism has come to America. The merger of state and corporate power, by definition, is called fascism.” —Gerald Celente

    “Free-market capitalism, in the blink of an eye, was gutted and replaced by an oligopoly.” —Gerald Celente

    “Wall Street is nothing more than bookies in Brooks Brothers suits.” —Gerald Celente

    “It’s not free trade, it’s slave trade.” —Gerald Celente

    “These are Gerald Celente’s three Gs: gold, guns and a getaway plan.” —Gerald Celente

    • TR

      I be loving me some Gerald Celente!!!

  • sumone

    ITS NOT A MATTER OF WHEN OR IF

    ITS JUST A MATTER OF- BE READY.BE PREPARED.BE SECURE.

  • HerrLT

    Save as much cash and metal as you can to preserve your wealth. I’m resigned to the fact I can’t affect anything on a national level – but there is a great deal of personal opportunity to be had in protecting your family. Each ounce of Au or Ag you have is one step ahead of Larry, Darryl and Darryl next door when things go pear-shaped. Be liquid and be ready to adapt because the sun will still rise the day after. I pray it’s a slow-burn but if not at least take solace in the fact you were able to brace yourself before hitting that tree.

    • callmecordelia1

      Larry, Darryl and Darryl… hee hee. Thanks for the chuckle. Haven’t thought of those guys in a while! :D

  • SMASH THE CONTROL MACHINE

    Can it keep going for a bit longer? Sure it can. But that which cannot go on forever, won’t. And forever seems to get shorter every day..

  • Michael Beal

    Michael,

    Can’t wait to read your analysis on this which just came out tonight (on a friday night b4 a long weekend)- so typical of this government.

    Here’s the link:

    Feds sue big banks over sales of risky investments

    Federal agency sues 17 firms including BofA, Goldman over sales of risky mortgage investments

    http://finance.yahoo.com/news/Feds-sue-biggest-US-banks-apf-3066897747.html

    You’re probably already aware of this.
    Keep up the good work my friend, you have a special talent for what you are doing.
    Thanks for making a diffence.

    • Highspeed

      It actually came out on Thursday, there just wasn’t much said about it on Friday. It got a little play on Fox, I don’t know about the mainstreet newsies. I think this is the 3rd lawsuit pending against BOA now. I can see why the govt. is asking them for a plan going forward.I now understand why they are piling up the cash like whore at a truckstop.

  • Mystiekmuziek

    I read this kind of articles to see what is going on at this level of awareness. The more one studies this very interesting thing happening to the world – the human race and nature the one more begins to understand a bigger picture. IF only we can connect the dots and increase our awareness then we as a group would really be able to see the whole picture. It amazes me however that “we” are sooo smart that we have become stupid. If we can just see a little more and connect the dots then the world will change for the better. But we are soo young in our understanding of life on earth and deeply materialistic that by all indications the human race has to collapse. Very interesting times to be alive!

  • Julian

    To be sure it’s all orchestrated. The goal around the world, including the U.S., is to do away with any kind of labor laws, anti-pollution laws, reduce any minimum wage, etc.

  • Watchman

    R Bitting is half-right, God is angry as hell at us (Called ones, not all humans) in fact it goes waaaay back! (Jer 12:7-12) It’s to last a definite time unknown in commercial churching.
    I’m aware of the fact 2nd Advent is due in 10 to 25 years. (Yes, I know it more exactly, but not hour, nor exact day to show up toward end).
    But NOT Dec 21, 2012 favored by pagan Mayan calendar fanatics! (Satan may use a crash and fancy footwork to introduce a Liar then… ?)

    What to do? Get out of the Babylon box. We are to literally leave “Babylon” and its daughters, or suffer its fall. See Rev 18, plus lines just before and after. This is just before a Warrior liberator comes, Rev 19:11-21.

    “Babylon” is a also an error system, mindset, media, bad “education” religion and false money (merely owning gold or silver won’t save you), and false “coporate” economy of masters trading slaves while seeking to cut their role (jobs and pay), and false “nanny state” Trotsky-world where you are really a slave also. Democracy is toxic: it enable any laws, dumps God’s laws. It was pushed in US by Illuminati-taught Freemason engineers for manmade law (Washington etc.)

    So really study Bible logically. You must decipher what each word means and solve many unknowns, and identities. Clue: chart lineages and always know who is addressed, their lineage.
    Words of God the Father are primary, John 14:28 (Son Jesus never disagrees), over liberal views of some other Bible voices, over Traditions (like your humanized, state-compliant church!),
    AND interpetation must agree with FACTS of science, such as fact creation “days” are time spans, and some human types lived before Adam, AND decipher initial events to know all things says I John 2:20-24. Find the Prime directive for us (to whom and over whom?) Study!

    Find intense logical Christians of your own ethnos to hang out with in communities as far away from metro cities and corporate power as possible… until you enter to face enemy (we finally do that, can you find key power line?) Make our communities as self sufficient as possible. Live like Amish or Hutterites, but more diverse food, fuel, and manufacturing can be done. (Complement them, don’t just compete!) You need not live old-fashioned, but know how to build/maintain what you use until 2nd Advent.
    And link to trade with our others. Avoid malls and unnecesary/toxic mainstream merchandise.
    Learn to grow & eat wholesome foods only, and don’t depend on GMOs or industrial chemicals.
    We still have years to build communities but must start really soon to learn all this!!

    The tough thing is to face violent regimes (as at Waco raid). How to disempower Satan’s kids? (And fellow-travelers). We must keep original Bible Laws and (Sat.) Sabbaths (a sign to God, Ezek 20:12&20.) How to get power to turn off resilience of Satan’s brood? A community must have the new name of Jesus! (Rev 3:12 talks of this, but nowhere will you find answer stated.
    Since we’re told at end to leave Babylon; there must be a way to end Satan’s power over some.)

    We know Name, seek others seeking communities for new ways (N & S America, Europe, Australia & NZ plus already beleaguerd folks in S Africa) so lets start talking. wiserman at mail dot com

    Comments welcome.

    PS: I don’t know exactly what scam “they” will pull on “markets,” but realize their money is all fraud, and markets manipulated. Leaks often exist on purpose. Waaay back, Nathan Amschel Mayer had fast links tell him of Anglo Waterloo victory, but false news of defeat got spread! Rothschild stood sadly in market selling some British securities, while his agents bought far more. True new of victory then sent market into a huge rally. Clever liars!

    • http://lastdayrapture.blogspot.com/ TK

      Hey Watchman, what do ya think about the rapture deception? I wrote a blog about it here: http://lastdayrapture.blogspot.com/
      to show what the Bible really says. Take a look and let me know what you think.

      Are you really thinking that we have another 10-20 years? that shore is generous!

      • r.bitting

        Maybe 10 to 20 minutes.

  • http://ElevationGroupVideo.com The Elevation Group

    You think that GOVERNMENT SACHS has insider knowledge? :-P

    Given that the same elite bankers that own Goldman Sachs, also own and control the Federal Reserve… they just might know something.

    Get financial education to protect your paper assets before they are worthless.

    http://ElevationGroupVideo.com

  • Nostradamus

    MAXIMUM AMERICA

    Why are we in the current situation?

    It is actually very simple.

    The USA has morphed from a reasonably balanced society since WW2, to become maximum-profit society since Reagan.

    Now don’t get me wrong. All business must have profit in order to stay in business. But that’s a far cry from maximum-profit, which mean minimum of everything else.

    American business and economic schools have graduated thousands of people who were taught that maximum-profit is the only measure of success in every aspects of life. This generation proceeded to transform the country.

    Thus it makes perfect sense for Goldman Sachs to exploit the maximum out of USA by betting against it, while minimizing public exposure. Only the profit matter.

    Maximum profit. Maximum self-interest. Maximum exploitation. Minimum everything else. Minimum responsibility. What we now have is the utopian society achieved. Are you enjoying it?

    • Dariya

      Nostradamus, You said very right.

  • Zolko

    wait a minute: Goldmann-Sachs recommends to buy CDS on debt that they think will be defaulted on when the system collapses, so they can then claim the “insurance” on them (CDS are insurance) ? But if the system collapses, there will be no-one left to pay those CDS !

    Are these morons at G-S really that dumb, or is there a 3-rd level of confidential document not available to the large public and saying … buy gold and guns ?

  • MorningInAmerica

    If Greece is the trigger and I believe it is with the major euro banks leveraged so highly into it look at this chart!!!!

    http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

    One year Bond over 70 +12 in one day… I hate predicting things but I have to say next week could be the first domino and it will be FAST since all the banks are so tied together. (what an insane thing to do, almost as if it had to be planned)

  • TR

    I believe everything the BANKS,WALL STREET, MSM,GOLD & SILVER TRADERS & the GUBERMENT tells me.

  • mondobeyondo

    You know things are bad when Goldman Sachs admits things are not as rosy as they seem.

    Kind of like the devil telling everyone, “Life on earth is about to get really bad”. Which is strange, because you’d expect to hear something like, “Happy days are here again! Good times are just around the corner!”

  • mondobeyondo

    Goldman Sachs should have been allowed to fail, just like Lehman Brothers and Merrill Lynch.

    All of the “too big to fail” banks should have bitten the dust. Bank of America, JPMorgan Chase, Citigroup – ALL of them.

    If they have been allowed to crash and burn, perhaps a new and better banking system could have been constructed out of the ashes. Maybe there would have been a better chance for the average Joe to get a fair break, and not foot the bill… but noooooo.

    Three years later, the party goes on at Wall Street. The fat cat CEO’s still get their multi million dollar bonuses. It’s as if 2008 never happened. Good for them. The other 99 percent of us are still getting screwed!

    • Highspeed

      At the time I agreed with you. I called my senators and my congressman to no avail. Back then I didn’t know how bad things really were.

      Had we collapsed then, I wouldn’t have been ready. I am at least a little more prepared than the guy down the street now. I count each day a blessing, it gives me a little more time to warn people and store things for the future. Of course I’d like to see the greedy monsters who caused all of this arrested and convicted, but, we know this will never happen.

  • MountainHome

    My suggestion is to avoid listening to all the ‘experts’ and those ‘in the know’ and just go on your own instincts on what is going to happen.

    Great article. Thanks.

  • Colin

    I know that the collapse is coming. They know the collapse is coming. This doesn’t worry me as much as what comes after.

    http://www.americanthinker.com/2011/09/registering_the_poor_to_vote_is_un-american.html

    I became aware of this article, and what it says worries me deeply both as a human being and as an American. I don’t know what our country will be like after the collapse; however, I am worried that many Americans are in like mind with this author. As I exist outside your reality, I find your beliefs uncomprehensible and I am frustrated by your uncompassionate and zealous urge to shape our country into your reality. I don’t want to live in your reality, but I fear that I will have no choice.

    • http://investingdatabase.com/investing/investing-tips/?s=H&p=1 Dennis The Menance

      Let me comment about un american for poor to vote. Responding to colin. I don’t know your views concerning goverment free enterprise and so forth but from the blog you post a link that speaks of the poor as being unproductive. Ok colin think about all of the hard working americans that are not currently members of the working poor or not on public aid. I want to underline the word IF’ Ok ARE YOU FOLLOWING me COLIN Ok. If the top one percent of the population receives 23.50 percent of all the income currently thats what it is today if the percentage the top one percent receives were to increase to eighty percent of all the income in the country than eighty percent of the population would need to receive something like two thirds of their support from friends family private charties and the government’ To be able to just meet the basic Necessities of Life food clothing shelter medical care. Even if a two memembers in every houshold worked 70 hours a week. Let me give you another scenario Keep in mind COLIN all this is happening while the economic pie is getting bigger maybe the economy is growing 3 percent or 4 percent a year. Take your typical suburban community. Now take half the income out of all the typical suburban communities all over the country and turn it over to the top one percent. Theirs no force involved here just the natural forces of a free market economy at work redistributing income to the most productive memember of soceity. THINK ABOUT WHAT THAT WOULD LOOK LIKE COLIN IN OTHER WORDS WHAT YOU WOULD HAVE IS ONE GIANT WELLFARE STATE UNDER FREE MARKET CAPTIALISM. I DO NOT believe that this senario would play out because the people would not tolerate these conditions. The people would most likly vote in another government that would change all of this. And not change it by taxing the rich. But by encouraging polices like sound money that means no inflation. Among others. I believe that inflation is one of the major causes of inequality doing away with inflation that would reduce the inequality. And I don’t mean government polices. colin check out http://www.IJ.org I think you will like it.

  • http://YAHOO RICHARD

    I LOVE READING THIS BLOG IT SO ON THE SPOT, I CAN’T BELIEVE IT. ONE OF THE MOST ASKED QUESTIONS IS WHY ARE WE JUST SITTING BY AND LETTING THIS HAPPEN. TWO WORDS! (NORMALSY BIAS) TAKE THE TIME AND LOOK IT UP. THEN YOU WILL KNOW WHY.

    • Michael

      Richard:

      I am glad you enjoy reading the articles. :)

      Michael

  • Lee

    This crisis could be solved overnight if the “elites” brought back the jobs they shipped overseas. You could see a renaissance of the American empire. However, this will not happen, because the elites would rather collapse with everyone else than do what is good for the country.

  • Brian

    Last time it was Alan Span and now Alan Brazil :p

    The things are pretty fearsome. During last recession itself people suffered a lot.

    Though I managed to make some profits as I felt the signs of recession little earlier. Furthermore the some by href=”http://www.forecastfortomorrow.com/” title=”http://www.forecastfortomorrow.com/”> came handy to plan the things.

  • http://yahooooooooo Yingotsyang

    Keep interest rates low, housing prices under control, wages steady, and build our US infrastructure which needs dire repair. Place monetary restrictions on the military monster machine, control the rapacious, profit driven medical industry, and life will trudge forward in a healthy mode.

  • Gary2

    Who cares what Goldman sucks says? As if they have any credibility.

  • Gary2

    Repubes want to tax the poor, claim 47% pay no taxes. So explain this to me:

    47% of the people are 47% voting bloc. You have to wonder why these poor people in Kansas and others keep voting Republicans. They must think higher tax for themselves is a fair price for preventing gays from getting married or the evolution from being taught in the public schools.

    I know why they are stupid low info dolts.

    http://community.nytimes.com/comments/www.nytimes.com/2011/08/31/opinion/the-new-resentment-of-the-poor.html?sort=recommended#

  • FL

    Listen, research, learn all you can. Listen to their words because you can hear the fear they are telling us. Learn from others, that is, those who are preparing. Research information. It takes time and effort but it pays out in the end. It is easy to listen to fear and become afraid. You might say “I am not afraid” but really look deep inside yourself and be totally honest with the man in the mirror.

    Most of us have lived a life of a 9 to 5 without any real reason for preparing for any problems. Most have not saved but have spent way more than they should have, purchased things that they could have lived without. I am not knocking enjoyment but let us be honest for a moment…most Americans have had a more than over the top materialistic mentality for a long time. Look at Madison avenue media. They have told us what to buy, why we have to have it, and a host of other stupid things. What did we do? We gave in of course! In 1999 it was Y2K and the fear was out there. End of the world!

    In the 80′s there was fear. Today there is the possibility of the end of our country. It already is not the country most of us grew up with.

  • Gary2

    Chant of ‘tax the rich’ growing louder in nation!

    Working folks on the front lines have found a common mantra as the economy continues to sputter and the 2012 election approaches: “Tax the rich.”

    More and more people are saying “Tax the rich and spread the wealth”

    Sorry baggers, my side will win on this one.

    Tax the greedy to help the needy

  • JD

    Michael, Thank you for mentioning me in your OUTCASTS article a while back. That was very flattering. Its important for the average american to know that theyre not alone in this economic hell. I discovered your American Dream blog i enjoy it as well. Well to update you I havent wrote in awhile because ive been in jail for the past three months. The police took my car and my heart goes out to the other homeless in this country whom the NWO cops seized their homes/cars as well. Thanks again for pointing out this disturbing trend. Well I notice alot of people are getting ready for the whole shithouse to go up in flames. I wish them the best. I recently left my city in MT for the ranch out in the countryside. Ive never been happier. Its a relief to have a saftey net such as this. It sure beats sleeping in a car or a tent in October. (Which I did last fall.) A note to the people that think that they can survive in the mountains when it all goes down in a tent or weak shelter. Winter is brutally cold and the wildlife is dangerous. My father killed a mountain lion in his front yard a few months ago. The Holy Spirit guided him as he did it. A normal man or city slicker would have been mauled. The world is a dangerous place even out here. But I would rather take my chances with the wild critters out here that the enraged people rioting for food which will be coming soon. That is a very real possibility too Michael. My father raises sheep and cattle. At the beggining of the depression prices for cattle and sheep were in the toilet. You could get a 1500 lbs steer for $800. I know I was at the livestock auction watching the beef buyers for Wendys and McDonalds stealing beef for that price. Guess what? 2 years later its over $2000! With the droughts in TX its going even higher. Sheep has tripled in this time as well. The price of steak, burger, and lamb chops are going to be out of this world for the consumer. Most people wont be able to afford meat. As for myself im grateful to the good Lord for blessing me at this time. Im getting the chance to learn how to grow my own food and raise livestock so I can secure a future for myself and family. You cant eat gold and silver so I think this is the best way to prep for the continuing hard times. To anyone reading these comments and feel absolultey hopeless please don’t give up. You just got to keep trying even though it might feel like youre stacking shit against the tide. Believe me, this past year has been the hardest of my life. I felt like committing suicide many times last winter. Ive become humbled and I finally feel like Ive grown up. Hope still remains trust Jesus and believe in yourself. If you need help and earnestly seek him he will confort your sorrows. Thank God for your blog and the people who write on it Especially Gary2 El Pollo de Oro 007 Mondobeyondo. You guys make it entertaining. Well so long for now folks. Im going to try to make my own survival colony soon so no mean people are allowed. LOL :)

    • Michael

      It is very good to hear from you again JD. It is especially good to hear that you never gave up even when times where the hardest. Hopefully that will be an encouragement to some others that are reading this.

      Just because the economy is going to be very bad does not mean that our lives are over. During the times of greatest crisis are when the greatest heroes are needed.

      In the times to come, there are going to be some opportunities to do some amazing things. Nothing is going to be easy, but if you love adventure the years that are coming are going to be for you.

      Michael

    • http://theeconomiccollapseblog.com/archives/even-goldman-sachs-secretly-believes-that-an-economic-collapse-is-coming PJ_BRO

      Gee JD, your father must be a saint and a really bad shot. I guess your god wouldn’r have felt moved to guide a normal man or city slicker, but somehow chose your father’s body to shoot that mountain lion. BTW, it seems he has a place to live since it was in his yard. soooooo couldn’t you say, stay with him instead of sleeping in a car in October or did your god “guide” you to do so? Just asking.

  • http://www.winelinks.com Lobo-Lusti-Hadjo

    We’ve lost our stock investments. We’ve lost most of the bonds we were in. We even lost two properties. When all this started about10 years ago I took all our savings and put it into silver, which was pretty cheap then, and ammo. Now I don’t dare sell it because what to buy? The only other thing that make sense at this time is freeze dried food. If you can’t sell it or shoot it you can surely eat it. Lobo-Lusti-Hadjo is Black Wolf in Commanche.

  • CH

    It’s too late to wish they were allowed to fail. Fact is, this was all set up by Reagan and probably Nixon. It is what it is. We have been their slaves and now the shit is hitting the fan. Let’s see who gets slapped with it. Them or us.

  • http://truth bud

    By all salvation prophecy will be fufilled. Greed never rests nor does power, all stems from an elite group dating back to nimrod. I think some know who they are and will be revealed shortly.

  • Sissy

    Read Jim Sinclair’s “A Pocketbook of Gold: A Survival Manual for Monetary Mayhem” if you want to know the full deal on Gold, and why you better own it.

  • THOMAS

    GOLDMAN SACHS SHOULD KNOW ITS COMING.THEY HELPED TO CREATE THIS SITUATION WITH THEIR MORGAGE FRAUD SCAM THAT THEY MADE MILLIONS ON.NOW WHAT IS THE NEXT SCAM PLANNED?

  • JI

    I think commenter Nostradamus hit the nail on the head when he said a couple generations of business students have been taught that maximal profit is the sole goal of business. I’d also add two other, related points:

    – Stock options as pay for executives mean they will pursue short-term gain to maximize their options at the expense of the long-term health of the business.

    – East-Asian companies compete by having absolutely razor-thin margins in an attempt to put the Western companies out of business entirely. This takes the societal costs associated with maximal-profit to the next level (i.e., loads and loads of bad debt which the Asian governments cover up).

  • richard

    We need to move back to the gold standard. The governments are not responcible to manage a currency as we currently can see.

    We can make the move slowly or we will make the move quickly but at the end gold will be king.

    • Dariya

      If to return the gold standard right now, the calculation will show that an ounce of gold will get price $10,000 (not $1,870). And $10,000 reflects the proportion between the mass of printed dollars, which are circulating around Globe and material values were created by human on the Earth. It means that our money is virtual (electronic money) and our level of life will go down 5 times. And it will reflect reality. Americans are not ready to go down like that.

  • Highspeed

    I have read and re-read this article several times. I have read the times piece too. I have only one question. If a secret is not really a secret, what are the intentions of the person who leaked the story to the press?

    Personaly, I think these people (wall street & the msm) are so corrupt that the truth is hidden so deep that we will never know what is real and what is meant to mislead.

    • manoftruth

      that is so on target, it is scary

      and this is the only way it can be. first the people doing the manipulation are about 100 times smarter than your average public school graduate, hence the reason they keep bad teachers and try to keep kids stupd.
      second, these people are so wealthy that all they have left is time on their hands and to control the rest of the world.

  • mondobeyondo

    Umm, gold standard. Yeah.

    It’s true, you can’t eat gold.
    But you can use gold to make transactions to purchase things you can eat. Silver too, to a lesser extent.

    Almost everyone worldwide knows gold. They may not know about U.S. dollars, but they know gold. You can exchange gold for food, or services (auto repair, dental root canal, annual checkup, etc). And it works as well – maybe even better – in the Third World, as it does in the U.S. and Europe.

    One ounce of gold in the 1600′s would buy you a nice toga and an olive wreath. One ounce of gold in 2011 would buy you a Giorgio Armani suit and a top hat.

    My only regret is that I didn’t know this sooner.

  • RZ

    Forget gold. The currency will be water, cigarettes, seeds etc. if gold were that valuable there would be none available to the middle class. The elites would have already taken it. You fools are investing in paper gold which doesn’t exist and they know it!!!!

  • Exasalian

    You’re all fools to buy into this fear-mongering. You all complain, you all read the forums and trust the alternative media stating that they know the insider’s real story. Everyone knows that (fear) is a seller. It drives the fragile human psyche into believing in anything – just look at religion and funny lights in the sky. The internet is an amalgam of nonsensical ramblings built up to cause havoc among the masses, thereby entrusting you (the general public) to wander about aimlessly from one false truth to the next. We’re living in a scripted society. It’s all a play. Fodder for fiction. But we’re paying the price of our own stupidity because we’re stupid silly apes.

  • http://theeconomiccollapseblog.com mintukumar

    The Federal Reserve is bankrupting the nation… paper money will become worthless… you have to prepare yourself and your family for the financial crisis ahead.

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse

Silver.com

Camping Survival
Facebook Twitter More...