The Beginning Of The End
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People Of Earth: Prepare For Economic Disaster

It is not just the United States that is headed for an economic collapse.  The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.  The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst.  In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly.  Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food.  But now the price of oil and the price of food are both increasing dramatically.  So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents?  How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent?  For decades, most of the major economies around the globe have been able to take for granted that massive amounts of cheap oil and massive amounts of cheap food will always be there.  So what happens when that paradigm changes?

At last check, the price of U.S. crude was over 104 dollars a barrel and the price of Brent crude was over 115 dollars a barrel.  Many analysts fear that if the crisis in Libya escalates or if the chaos in the Middle East spreads that we could see the all-time record of 147 dollars a barrel broken by the end of the year.  That would be absolutely disastrous for the global economy.

But it isn't just the chaos in the Middle East that is driving oil prices.  The truth is that oil prices have been moving upwards for months.  The recent revolutions in the Middle East have only accelerated the trend.

Let's just hope that the "day of rage" being called for in Saudi Arabia later this month does not turn into a full-blown revolution like we have seen in other Middle Eastern countries.  The Saudis keep a pretty tight grip on their people, but at this point anything is possible.  A true revolution in Saudi Arabia would send oil prices into unprecedented territory very quickly.

But even without all of the trouble in the Middle East the world was already heading for an oil crunch.  The global demand for oil is rising at a very vigorous pace.  For example, last year Chinese demand for oil increased by almost 1 million barrels per day.  That is absolutely staggering.  The Chinese are now buying more new cars every year than Americans are, and so Chinese demand for oil is only going to continue to increase.

Much could be done to increase the global supply of oil, but so far our politicians and the major oil company executives are sitting on their hands.  They seem to like the increasing oil prices.

So for now it looks like oil prices will continue to rise and this is going to result in much higher prices at the gas pump.

Already, ABC News is reporting that regular unleaded gasoline is going for $5.29 a gallon at one gas station in Orlando, Florida.

The U.S. economy in particular is vulnerable to rising oil prices because our entire economic system is designed around cheap gasoline.  If the price of gas goes up to 5 or 6 dollars a gallon and it stays there it is going to have a catastrophic effect on the U.S. economy.

Just remember what happened back in 2008.  The price of oil hit an all-time high of $147 a barrel and then a few months later the entire financial system had a major meltdown.

Well, as the price of oil rises it is going to create a whole lot of imbalances in the global financial system once again.

This is definitely a situation that we should all be watching.

But it is not just the price of oil that could cause a global economic disaster.

The global price of food could potentially be even more concerning.  As you read this, there are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less.  Those people cannot afford for food prices to go up much.

But global food prices are rising.  According to the United Nations, the global price of food has risen for 8 consecutive months.  Last month, the global price of food set a brand new all-time record high.  Many are starting to fear that we could actually be in the early stages of a major global food crisis.

The price of just about every major agricultural commodity has been absolutely soaring during the past year....

*The price of corn has doubled over the last six months.

*The price of wheat has more than doubled over the past year.

*The price of soybeans is up about 50% since last June.

*The price of cotton has more than doubled over the past year.

*The commodity price of orange juice has doubled since 2009.

*The price of sugar is the highest it has been in 30 years.

Unfortunately, the production of food in most countries around the world is very highly dependent on oil, so as oil goes up in price this is going to make the food crisis even worse.

Hold on to your hats folks.

Also, as I have written about previously, the world is facing some very serious problems when it comes to water.  Due to the greed of the global elite, there is not nearly enough fresh water to go around.  The following are some very disturbing facts about the global water situation....

*Worldwide demand for fresh water tripled during the last century, and is now doubling every 21 years.

*According to USAID, one-third of all humans will face severe or chronic water shortages by the year 2025.

*Of the 60 million people added to the world’s cities every year, the vast majority of them live in impoverished slums and shanty-towns with no sanitation facilities whatsoever.

*It is estimated that 75 percent of India's surface water is now contaminated by human and agricultural waste.

*Not only that, but according to a UN study on sanitation, far more people in India have access to a mobile phone than to a toilet.

*In northern China, the water table is dropping one meter per year due to overpumping.

These days, one of the trendy things to do is to call water "the oil of the 21st century", but unfortunately that is not a completely inaccurate statement.  Fresh, clean water is something that we all need, but right now world supplies are getting tight.

Our politicians and the global elite could be doing something about this if they really wanted to, but right now they seem perfectly fine with what is happening.

On top of everything else, the sovereign debt crisis is worse than it has ever been before.

All of the major global central banks have been feverishly printing money in an attempt to "paper over" this crisis, but it is not going to work.

Most Americans don't realize it, but right now the continent of Europe is a financial basket case.  Greece and Ireland would have imploded already if they had not been bailed out, and now Portugal is on the verge of collapse.  The interest rate on Portugal's 10-year notes has now been above 7% for about 3 weeks, and most analysts believe that it is only a matter of time before they are forced to accept a bailout.

Sadly, if the entire global economy experiences a slowdown because of rising oil prices, we could see half a dozen European nations default on their debts if they are not bailed out.

For now the Germans seem fine with bailing out the weak sisters that are all around them, but that isn't going to last forever.

A day or reckoning is coming for Europe, and when it arrives the reverberations are going to be felt all across the face of the earth.  The euro is on very shaky ground already, and whether or not it can survive the coming crisis is an open question.

Of course there are some very serious concerns about Asia as well.  The national debt of Japan is now well over 200% of GDP and nobody seems to have a solution for their problems.  Up to this point, Japan has been able to borrow massive amounts of money at extremely low interest rates from their own people, but that isn't going to last forever either.

As I have written about so many times before, the biggest debt problem of all is the United States.  Barack Obama is projecting that the federal budget deficit for this fiscal year will be a new all-time record 1.65 trillion dollars.  It is expected that the total U.S. national debt will surpass the 15 trillion dollar mark by the end of the fiscal year.

Shouldn't we have some sort of celebration when that happens?

15 trillion dollars is quite an achievement.

Most Americans cannot even conceive of a debt that large.  If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

But the United States is not alone.  The truth is that wherever you look, there is a sea of red ink covering the planet.

The current global financial system is entirely based on debt.  If the total amount of debt does not continually expand, the system will crash.  If somehow a way was found to keep this system going perpetually (which is impossible), the size of global debt would keep on increasing infinitely.

Now the World Economic Forum says that we need to grow the total amount of debt by another 100 trillion dollars over the next ten years to "support" the anticipated amount of "economic growth" around the world that they expect to see.

The entire global financial system is a gigantic Ponzi scheme.  It is designed to keep everyone enslaved to perpetual debt.  If at some point the debt spiral gets interrupted in some significant way, we are going to witness an economic disaster that is going to make what happened in 2008 look like a Sunday picnic.

The more research that one does on the current global economic situation, the more clear it becomes that we are absolutely doomed.

So people of earth you had better get ready.

An economic disaster is coming.

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  • schwartzer

    End the fed, end the problems

  • http://www.phantomreport.com DSRehder

    A world conflict is coming close to bursting out of it’s seams. Oil is the economy and world powers know the strategic importance oil. Clean water is the next key strategic importance. Read ‘committee on foreign relations document about water wars’
    Read >> http://www.phantomreport.com/?p=604

  • grünschild

    You crazy americans _hit on the world since ages, but now as the _hit comes back you start to complain like babies.
    The end of the american empire has come, because you have nothing usefull to the world to give. RIP

    • Deb

      Don’t be fooled. If America goes down, the rest of the world will feel the effects, including wherever your from. The bigger picture is that the entire world is going down. Your only hope is by turning your trust over to God through faith and repentence to Him by his only begotten Son, JESUS.

  • Really people?

    When are people going to realize that it wasn’t federal and state programs that got us into this mess? It was greed.

  • http://paradigms.bz Baruch

    Good article. The piece that is left out is that we, humanity, have borrowed from the Earth. All our debt is essentially based on exploitation of the planet, as evidenced by the damage we have done and are doing to the biosphere. Unless and until we make things right in our relationship with nature, we will continue on this destructive path until we have made ourselves extinct or nearly so.

  • Phil

    to the idiots who are complaining about Americans on s.s disability, don’t complain, you might get there some day yourself and then what are you going to do. I agree in part with you, all these services are over the top, but lets start cutting all the scam money that is flowing into the pockets of people who are not even citizens, and this runs into the hundreds of billions of dollars to curry favor with groups and minority groups for fraudulent votes.

  • http://facebook/nwsurvivaltribe k rae

    if you are in the northwest, join with others who want to survive!!! check us out on facebook: nw survival tribe

  • James

    Alcohol is a huge part of the answer to the daily energy needs of average people. Did you know that cars originally were able to run on alcohol?

    I wonder why people aren’t mentioning that you can grow beets or potatoes on one or two acres for distilling enough alcohol to run your cars and home for the year.

    The story is that the Rockerfellers got a whole bunch of people beat up and thrown in jail to prevent that from happening back about 90 or 100 years ago…so here we are.

    Check out David Blume:

    http://en.wikipedia.org/wiki/David_Blume

  • suzwms

    @Roderick Beck>>>>Are you a moron? “More fear mongering by somebody who clearly does understand finance. Debt has existed in all societies. And debt is not a ponzi scheme.”

    Clearly, you are the one who does not understand. Just because debt has been in all societies doesn’t make it 1. Viable or 2. in OUR best interest. Especially, when you consider that something of “value” (i.e. your gold, silver, life) is traded for a piece of paper that came out of my daughter’s pretend cash register. This isn’t “make believe” and it isn’t “fear mongering”. It’s fact.

    Maybe your fear of accepting reality..and your ability to cognitively discern fact from fiction is the real problem.

    That’s O.K. buddy. You keep on thinking what you want. Turn back on your T.V. and watch “American Idol” and don’t forget to eat your GMO “Hamburger happy meal”.

    It’s allllll gooood. enjoy.

  • Eric V.Encina

    The Most Desperate Prayers To God

    By Eric V. Encina

    Lord, we believe You, the Creator of Heaven and Earth and Universe, our Creator, the seen and unseen, we humbly beseech thee, to manifest Your Godly presence to us in the midst of our man-made tribulations and chastisements.

    Lord, it is better to die than to sin.

    Lord, give us hope before we resort to despair.

    But Lord, how can we avoid sins when we are all born in sin except Your Begotten Son Jesus Christ?

    Lord, hear our prayers before we sin that we do not actually to sin. Forgive us, Oh Lord, if we commit sin, by defects and circumstances, before You answer our prayers.

    Lord, unto Your Hands, we wish, as You wish, to end our earthly lives, than to end our poor lives from the hands of the wicked men. Men who are apart from you and belong to other cruel gods.

    Lord, strike us with Your lightings and thunders and the punishing powers of Heaven than to be stricken by bombs, biological weapons and all weapons of mass destructions created by wicked men belong to other evil gods. Lord, it is better to die in Your Hands than to die in the hands of the wicked ones.

    Lord, strike us of Your natural diseases than to be stricken by the man-made diseases created by multinational drug, vaccine companies and those who create diseases for monetary profits. Lord, It is better to die in Your hands than to die in the hands of the wicked ones.

    Lord, strike us with your famine, than to suffer hunger in the Age of Plenty when money is made to be too scarce.

    Lord, give and lend us Your store of wealth, before the bankers lend us their poisonous money with the virus of interest.

    Lord, strike us with natural calamities than to be stricken by the man-made technological calamities made by wicked men for lucrative profits.

    Lord, we beseech thee to end our lives here on earth before we terminate own lives and kill each other.

    Lord, end the lives of the innocent unborn in the wombs before they fall into savage cruelty of abortion.

    Lord, end the lives of children in hunger, starvation, malnutrition and poverty before they die with open eyes and before they are sold for wicked slavery for profits and pleasures unto the hands of the wicked ones.

    Lord, end the lives of the poor families in whatever ways according to Your will before these families destroy themselves by suicide, by selling their children and become beggars roaming around without dignity in the countryside.

    Lord, end this earthly world before wicked men end it.

    Lord, come now before other evil gods come to take over us.

    Lord, show us that You are God and Father of your good children and creatures.

    Lord, hear our prayers to bring us to the next world where You reign forever and ever.

    Amen.

  • Kevin

    James

    It’s called ethanol and ADM has been doing it for some time. The energy input in farming equipment (tractors and the like) coupled with the heat needed for distillation makes it a net looser requiring it being subsidized by government.

    If oil can climb and stay high it’s biggest rival is Natural Gas.

  • Eric V.Encina

    MAJOR COMPELLING REASONS WHY GET RID THE BANKING CARTEL IN THE 21ST CENTURY.

    By Eric V. Encina

    1. Chains of Debts. Billions of people are chained up to vicious cycles of debt in 100 nations on earth with hundreds of billions to trillions of dollars and other currencies of lucrative profits alone annually for the banking and financial institutions from lending money at interest to individuals, families, homeowners, communities and companies. – Billions For The Bankers – Debts For The People The Real …,

    2. Chains of Debts of Nations. More than 94 nations on earth addictively and horrendously chained up to vicious cycles of irredeemable debts at compounding interest payments with hundreds of billions to trillions of dollars and other currencies of mega-profits annually for the commercial, private, foreign and international banking and financial institutions. – TRILLIONS FOR THE BANKERS AS BANKING ARITHMETIC OF…, List of sovereign states by public debt – Wikipedia, the free …, List of countries by external debt – Wikipedia, the free …, The World’s Biggest Debtor Nations – CNBC, List of National Debt by Country — Economics Blog. These countries are under debt borrowings at interest addicts ~ List of countries by external debt – Wikipedia, the free encyclopedia,en.wikipedia.org/wiki/List_of_countries_by_external_debt, CIA – The World Factbook — Country Comparison :: Debt – external, https://www.cia.gov/library/…/the-world…/2079rank.html, The Scale of theDebt Crisis — Global Issues, http://www.globalissues.org/article/30/the-scale-of-the-debt-crisis, Global Debt and Third World Development,www.mtholyoke.edu/acad/intrel/globdebt.htm. However, there are only 5 nations on earth that are debt-free-based economy. – China, Taiwan, Hong Kong, Singapore and Brunei. – THE LIST OF DEBT-FREE NATIONS ON EARTH by Eric V. …
    In the United States of America, the American people are grappling to tackle the sheer insanity of huge indebtedness of the American Government.U.S. Debt From $13T to $14T in 6 Months, Hugely indebted nation-addicts are being led by the United States of America- U.S. National Debt Clock, US$53 TRILLION American Total Debt: US$2.5 Billion…. CAN WE SURVIVE THE AFTERMATH OF DEBT FINANCE DISASTER CAPITALISM?

    http://www.youtube.com/user/Darealbruce#p/a/f/1/1gKX9TWRyfs

    http://www.usdebtclock.org/about.html

    http://www.usdebtclock.org/index.html

    http://www.usdebtclock.org/money-history/money-timeline1100-1791.html

    3. The viral mutation of usury and interest as a secondary weapon of mass destruction. UNIVERSAL DEBT & USURY HOLOCAUST, Usury is the outcome of debt-based money creation out of nothing. The very nature of usury is addictively compounding interest payments. Its nature is analogous to leeching and sucking bloods until the hosts are dead. Billions of people across the planet are chained up in usury up 30 to 100 times more than the amounts they have borrowed from the financial and banking institutions.- Interest – Wikipedia, the free encyclopedia,Usury – Wikipedia, the free encyclopedia, The money being lent on usury or at interest that is presently beyond logical and morality by the money lenders, and the inevitable willingness of the borrowers are inter-twining manifestation or indication of money addiction. It is said that nothing is more shameful than usury. But likewise nothing is also shameful than to borrow money at usury. Under the present money-poisoning environment, it is unfortunate that both the lender and the borrower are debt-money-addict. And this borrowing-lending at usury is perpetuated by the system of debt finance that mainly causes money addiction. It is not a figment of imagination when we think billions, to hundreds of billions to trillions of money are paid as interest to the system of debt finance. In USA alone, the interest payments are mentally-defying and mind-boggling, please take a look United States public debt – Wikipedia, the free encyclopedia, debtCrisis.html. All wealth is now sucked out and siphoned off by the very nature of usury arising from debt finance money system. The philosophy of charging interest or usury to loans is also shaping the new generations to create criminal bands of modern merciless usurers in the 21st century. The debt and usury finance brainwashes, mind-conditions and trains the young generations to become highly professional usurers without any regards to human life. History repeats itself. Any civilization collapses through usury.
    3. Taxes. Citizens of the world are skinned alive to death by all kinds of taxes. Taxes are a legalized robbery being perpetuated under debt finance and usury system and policies. Increasing taxes by legislation is the result of debt finance and usury of many nations. In the Philippines, we have so many kinds of over-burdening taxes being imposed more frequently : – List of Taxes in the Philippines:

    Capital Gains Tax
    Donor’s Tax
    Income Tax
    Value Added Tax (VAT)
    Expanded Withholding Tax
    Withholding Tax on Government Money Payments
    Documentary Stamp Tax
    Estate Tax
    Percentage Tax
    Withholding Tax on Compensation
    Final Withholding Tax

    In the United States of America, as we can see below are worse of taxation. Americans are enslaved by so many over-burdening taxes of the following below: Taxation in the United States – Wikipedia, the free encyclopedia

    Building Permit Tax
    CDL License Tax
    Cigarette Tax
    Corporate Income ! Tax
    Dog License Tax
    Federal Income Tax (Fed)
    Federal Unemployment Tax (FU TA)
    Fishing License Tax
    Food License Tax
    Fuel Permit Tax
    Gasoline Tax
    Hunting License Tax
    Inheritance Tax
    Inventory Tax
    IRS Interest Charges (tax on top of tax)
    IRS Penalties(tax on top of tax)
    Liquor Tax
    Luxury Tax
    Marriage License Tax
    Medicare Tax
    Property Tax
    Real Estate Tax
    Service charge taxes
    Social Security Tax
    Road Usage Tax (Truckers)
    Sales Taxes
    Recreational Vehicle Tax
    School Tax
    State Income Tax
    State Unemployment Tax (SUTA)
    Telephone Federal Excise Tax
    Telephone Federal Universal Service Fee Tax
    Telephone Federal, State and Local Surcharge Tax
    Telephone Minimum Usage Surcharge Tax
    Telephone Recurring and Non-recurring Charges Tax
    Telephone State and Local Tax
    Telephone Usage Charge Tax
    Utility Tax
    Vehicle License Registration Tax
    Vehicle Sales Tax
    Watercraft Registration Tax
    Well Permit Tax
    Workers Compensation Tax

    DEATH TAX. We have to pay taxes when death comes around. Do we need to pay it in advance or after?

    SUICIDE TAX. Anyone who contemplates or commits suicide must pay taxes before the commission of self-termination.

    The Tax rates around the world – Wikipedia, the free encyclopedia – are adroitly orchestrated and maneuvered by the global bankers and usurers. 40% to 60% of taxes all over the world are going to pay compounded usury rates interest to bankers.

    Another Global Super Tax is one the way orchestrated by the global mega bankers.

    Proposed Global Taxes as per below: – United Nations Proposes Global Taxes, The WHO Global Tax Proposals

    1. E-mail tax. Global taxation zealots smell a powerful opportunity in the Internet. Under their plan, e-mail users would pay a tax of about $.01 for each megabyte of data that they send, generating up to $150 billion per year. While advocates admit that such a tax would discourage the use of e-mail, interfere with the least-regulated communications forum and economic marketplace in the world and be “complex and technically difficult” to administer, they are unable to resist raiding what they see as an untapped pot of gold. The tax, they say, would “raise funds that would be spent to narrow the ‘digital divide’ between rich and poor” nations.

    2. A tax on fossil fuels like gasoline, coal, oil and natural gas. This plan, usually called a Carbon Tax, would drive up the price of gas for cars and trucks, home heating fuels, plastics, and countless other products. Proponents argue that such a tax would combat global warming by discouraging the use of fossil fuels while the revenue from such a tax could be redistributed to poorer nations. One U.N. paper suggested that such a tax would yield $125 billion per year with U.S. taxpayers stuck for more than $25 billion of that tab. But even supporters acknowledge that the modest tax that they would initially propose would not reduce greenhouse gasses or even slow the use of fossil fuels. In order to achieve that policy goal, the tax rate would have to be very high — enough to generate $750 billion per year, of which U.S. taxpayers would pay more $150 billion.

    3. Currency transaction tax (CTT). Each year, nearly $300 trillion is exchanged on open markets around the world. Dollars are sold for British Pounds. Japanese Yen are converted to Euros. Major international banks, many of them based in the United States, Great Britain and the Far East, conduct and manage these transactions. Advocates of the CTT, which was originally devised by a French economist, want to impose a tax of around .1% on each transaction. According to the United Nations, such a tax would generate up to $264 billion per year. Proponents also want the tax plan to mandate that the proceeds go to a global fund which “would redistribute tax revenue away from financial center countries in favor of low-income nations.” In order to make the tax more palatable at first, a U.N. paper suggests that the tax might start at “an extremely low rate” and be increased incrementally over time. The CTT would likely increase the cost of nearly every good shipped or traded internationally — including just about every consumer product in today’s economy: cars, toys, electronics, food and more. It would also hamper the free exchange of currency on world markets and possibly spawn a “black market” for money trading.

    3. International air transport tax. Under this scheme, a new tax would be levied on all international cargo and passenger flights to be paid by airlines. Supporters say “air transport of passengers and cargo [is] a key source of environmental pollution due to emissions and noise.” This tax, they believe, would force the airlines (ultimately, their passengers and shippers) to pay for polluting the skies while providing money to the United Nations. According to one estimate, an international transport tax would generate $2.2 billion per year. Though supporters concede that the tax would have a harmful effect on tourism and the world economy at-large, the benefits to the environment and the cash it would generate, outweigh those negative consequences, they say. They don’t address the proposal’s inherent contradiction. Namely, that by increasing the cost of international air transport, whether of goods or passengers, this tax proposal discourages the kind of globalization that the tax is meant to spur.

    4. Aviation Fuel Tax. Very similar to the air transport tax, this plan would place a levy on airline fuel costs and would yield around $12.5 billion per year. In addition to having the same harmful effects as the air transport tax, this scheme would also jeopardize the already vulnerable airline industry and add at least 5 percent to the cost of airline tickets. Proponents, however, see this proposal as an important step to get the global taxation movement started. One supporting organization writes, the tax “might be a low-profile precedent for later, more ambitious tax plans.”

    Possible total global annual tax collections all over the world of more than 100 nations on earth are around $400 Trillion in value equivalent. Higher percentage of these taxes are paid as interest payments and or bailed out to the private and international bankers in general.

    4. Scam – Racketeering – Ponzi Scheme in any of this type is also the creation of the bankers. The Present Banking System is the mother and synthesis of all scams, racketeering and ponzi schemes in the world today. THE CONTROL OF MONEY AND SCAM. This is usually and oftentimes a financial scam that is a ploy, a trick and or a fraudulent business operations for financial gains. The governments of today are engaged in Ponzi scheme. World-known American Wall Street swindler Bernard Madoffsaid that the US Government’s regulatory reform enacted following the National Crisis is laughable, and the whole Federal Government is a Ponzi Scheme. Madoff calls U.S. government a Ponzi scheme in new interview, Bernie Madoff: ‘I am a good person’

    There are different types of scams.

    Here are some of the largest and most successful investment scams: – Investment Scams:Different Types Of Scams

    · Ponzi Scheme – A type of pyramid scheme, this is where money from new investors is used to provide a return to previous investors. The scheme collapses when money owed to previous investors is greater than the money that can be raised from new ones. Ponzi schemes always collapse eventually.

    · Pump and Dump – A highly illegal practice where a small group of informed people buy a stock before they recommend it to thousands of investors. The result is a quick spike in stock price followed by an equally fast downfall. The perpetrators who bought the stock early sell off when the price peaks at a huge profit. Most pump and dump schemes recommend companies that are over-the-counter bulletin board (OTCBB) and have a smallfloat. Small companies are more volatile and it’s easier to manipulate a stock when there’s little or no information available about the company. There is also a variation of this scam called the “short and distort.” Instead of spreading positive news, fraudsters use a smear campaign and attempt to drive the stock price down. Profit is then made by short selling.

    · Off Shore Investing – These are becoming one of the more popular scams to trap U.S. and Canadian investors. Conflicting time zones, differing currencies, and the high costs of international telephone calls made it difficult for fraudsters to prey on North American residents. The Internet has eroded these barriers. Be all the more cautious when considering an investment opportunity originating in another country. It’s extremely difficult for your local law enforcement agencies to investigate and prosecute foreign nationals.

    · Prime Bank – This term usually describes the top 50 banks (or thereabouts) in the world. Prime banks trade high quality and low risk instruments such as world paper, International Monetary Fund bonds, and Federal Reserve notes. You should be very wary when you hear this term–it is often used by fraudsters looking to lend legitimacy to their cause. Prime bank programs often claim investors’ funds will be used to purchase and trade “prime bank” financial instruments for huge gains. Unfortunately these “prime bank” instruments often never exist and people lose all of their money.

    Federal Reserve banking system scam

    The Secret Banking System Scam – Secret Banking System Scam by the
    The fractional reserve banking system scam – Discussion and …
    Fractional Reserve Banking System Is A Fraud | Daily News Blog
    THE BIGGEST SCAM IN HISTORY

    Racketeering is almost synonymous in operation. Racketeering is the act of operating an illegal business or scheme in order to make a profit, perpetrated by a structured group. It is a broad category of criminal acts that includes bribery, sexual exploitation of children, and illegal gambling, among many others. Racketeering is closely associated with organized crime, since both are conducted by groups. Scammers and Racketeers who practice and are engaged in these criminal activities are addicted to money and wealth obtained by immoral and illegal routes.

    “I SHALL PASS THROUGH THIS WORLD BUT ONCE. ANY GOOD THEREFORE THAT I CAN DO OR ANY KINDNESS THAT I CAN SHOW, LET ME DO IT NOW. LET ME NOT DEFER OR NEGLECT IT FOR I SHALL NOT PASS THIS WAY AGAIN.”

    Eric V. Encina

  • Michael

    The following is a comment that was submitted by a reader named T. Major….

    When I was a kid in the1970′s, fresh on the heels of nixon putting the final nail in the coffin of a value backed currency, I kept asking why the gov’t was borrowing money when there was nothing to borrow. The dollar is a (faith valued) non-convertible fiat currency. In fact that is why the U.S. gov’t designed it, so they wouldn’t have to borrow from anyone!

    Please step outside of the box for a moment and view it like I did as a child. With an asset backed currency there must be physical gold in place to back currency. With a non-convertible fiat currency (which simply means the currency has nothing of physical value supporting it) the value consists of people (here and abroad) believing it has value. So if you compare the difference between the two should be easy to understand that the U.S. gov’t is not borrowing money from anyone because there’s nothing to borrow. It is ink and paper, that is it!

    The US government is a monopoly of its currency. If they don’t print it there is no money. They tax us to control population, spending power, and who gets the money. The gov’t must run a defecit in order to allow economy to run smoothly. When they don’t inject enough money into economy we end up with a lot of unemployment. Excessive gov’t spending contributes to the hyperinflation we have here now where Americans pay from 100-5000% more for products, service, and health care.

    The gov’t will never go broke, and they do not rely on tax revenues nor do they borrow money from china or any other country to finance this country! In short, they offer bonds to anyone to drain excess reserves and to control the overnight loan interest rates. Technically, the only reason this is done is because it is a law that has absolutely no merit and if china (or any investors) was to stop purchasing the securities the gov’t would simply abolish the law

    The value of US currency is determined by what the gov’t demands private sector must do or sell to obtain it. The more unemployed (welfare, forced involuntary unemployment, etc.), the less value the dollar has. Unemployment equals less output. The true debt, we and future generations will have to pay, is the lost output and depreciated human capital!

    The reason America imports more than they export is because exports are real cost (output and labor) and imports are pure benefit for the system. Basically for the cost of the ink and paper to make dollars, America’s elite can purchase the rest of the worlds products (their output and labor). And they keep printing and printing all they want! The down side to this is the taxpayer’s here obviously don’t enjoy receiving products from all over the world for the price of ink and paper, and the loss of millions of good paying manufacturing jobs. When the US gov’t started forcing outsourcing in the 1960′s they knew this and they lied and said other equally compensating jobs would definitely replace lost jobs! That has never happened!

    Since my childhood I have spoke to a couple economists who are 100% aware of how our U.S. monetary system works. I have asked them why they believe the U.S. gov’t continues to lie to us. They seem to believe that the majority of the gov’t really believes the whole borrowing system to be fact. As for the thousands of economists who also believe the borrowing theory, I suppose they have so much schooling, money, and time invested in the borrowing theory that they have put on blinders and refuse to look at it as a child did!

    I don’t see how one can’t see the truth when you simply understand that there is absolutely nothing to borrow!

    Sincerely yours,

    T. Major

  • http://leveltwo.weebly.com/ Tom

    Please Follow My Blogs and pass the links on to your friends.

    http://americascomingeconomiccrisis.weebly.com/

    http://leveltwo.weebly.com/

    Thanks

  • Dale

    CA WILL FALL AFTER NY. VERY CLOSE TOGETHER BUT NY WILL FALL VERY VERY QUICKLY JUST BEFORE CA GOES UNDER. MASSIVE MIGRATIONS WITHIN THE UNITED STATES WILL OCCUR THIS WINTER AS A UNIMAGINABLE HORRIFIC FAILURE OF THE GRID SYSTEM IN THE NEW ENGLAND AREA. FAR WORSE THAN LAST YEAR. MILLIONS WILL FREEZE IN THEIR CARS, LOG JAMED IN TRAFFIC AS THEIR VEHICHLE SLOWLY RUNS OUT OF GAS AND THE LIFE SUSTAINING HEATER GOES OFF. THIS WILL HAPPEN. I KNOW NOT WHAT THE FALSE FLAG ALERT WILL BE THAT STRIKES NY SO FAST, BUT WHAT I SEE IS A COMPLETE FAILURE OF COMMUNICATIONS, DISTRIBUTION LOGISTICS AND MILITARY STYLE INVASION UNDER SOME FALSE PRETENSES. THE DEADLY WINTER WILL CONTRIBUTE TO THE PANIC. FOREIGN ASSISTANCE WILL BE SOUGHT AND PROVIDED BY THE U.N. CHINA WILL PROBABLY PLAY THE ROLL OF SAVING NY AND REBUILDING BUT IN REALITY THEY WILL OWN IT.
    THE DESTRUCTION AND EVACUATION OF CA WILL BE LESS ORDERLY AND MORE VIOLENT.
    A SORT OF CONTROLLED SPANISH AMERICAN MEXICAN REBELLION. HERE THE CATASTROPHE WILL CENTER AROUND A FOOD AND WATER SHORTAGE. THE WACKO LIBERALS WILL TORCH EVERYTHING IN SIGHT. MIDDLE CLASS AND UPPER CLASS PROPERTIES BOTH RESIDENTIAL AND CORPORATE WILL BE TARGETED.
    THESE ARE MY VIEWS AND OPINIONS BASED ON VISION AND INTUITIVE REASOING.

  • WILLIAM SOWLES

    If I wern’t pushing 70, and sure I could make it through basic, alive, I’d get my commission and join the US Army.

  • WILLIAM SOWLES

    Does Michael Moore tell you that out of his so-called transfer of wealth to the top 400, is false. There has been no transfer of wealth. There has been a creation of wealth. These so-called 400 with their wealth have created the private sector jobs that American workers enjoy. Does Moore tell you that out of the entire US workforce that only 10% are unions? Does Moore tell you that out of that 10%, 90% are government worker unions? Does Moore tell you that most of the ‘big-corporations’ are share-holder owned? That most of those ‘shareholders’ is the government(s) and their pension funds? Has Moore transfered any of his $20,000,000.00 salary to the poor? Soon Moore will discover the 95% tax bracket, like R. Reagan and many others experienced in the 1950′s. Does Moore tell you that out of the 400 most are liberal democrats? Does Moore tell you that the democrat party is the party of the super-rich? Does Moore tell you in France, Germany, Britian, et al, that the rich are the socialists? Does Moore tell you that in the former USSR the rich were the communists? Just because, Moore declares it to be, it does not make it so. And so it goes. Lies only beget more lies. Signed the ‘counter-revolutionary.’

  • European View

    Nothing, absolutely nothing will stop the coming hard years for humankind. For those who survive the huge changes, two significant alterations could prevent similar situations in the future:

    1. Stop breeding like rabbits! We are just too many. Nobody should have the right to have more than two children. We don’t need a growing world population! And don’t listen to rabid preachers and religions who tell you otherwise.

    2. Dump interest and compound interest, or find a viable alternative to halt the need for continuous and exponential growth!

    Making sure that these two fundamentals are adhered to on a global scale, should reduce occurences of war, poverty, hunger and strife to a significant degree.

    Actually, these two fundamentals should be blindingly obvious for everybody. But without a violent and bloody worldwide shakeup people are simply not willing to change their ways.

    We so deserve what’s coming for us because -as a whole, not as individuals- we are just too bloody stupid.

  • http://www.youtube.com/watch?v=wBy_1Dm6e0Y George Delany

    Watch and excerpt from Dance With Destiny called THE ARK
    http://www.youtube.com/watch?v=wBy_1Dm6e0Y

  • http://google julia

    We need to get out of the wars we are invested in first We need to tax the rich as they are not paying their dues like the rest of us. The gasoline powered cars have got to go. We have the natural gas in this country to power gas powered vehicles (providing the oil and car companies don’t prevent this with lobbyists). We have other types of vehicles that use other power sources as well that have already been invented. We may be back to the bartering system before long that was used during the depressions my grandmother spoke of. That would also force the people living off the system to actually work to have something to barter with. The farmers need more moral support- after all we don’t eat without them. The people of the earth are demolishing this planet and quickly. And finally the deficit has got to go. Get some advice from Bill Clinton- he reduced our debt while in office. Our forefathers would roll over in their graves if they could see the U.S.’s condition right now. We could see revolts against our own government if the prices keep rising like they are. I don’t want this and hope the government gets it’s act together before it’s too late. God bless America.

  • Vincent

    I don’t believe it. No one seems to have mentioned the fact that FREE ENERGY is available for everyone who wants it. For example we can run our cars on water giving our vehicles more power than fossil fuels and no polution. We can also have free electricity as well so why doesn’t the Government allow for this to happen? The answer is simple it’s because of the mighty dollar. If we have free energy then there is no money to be be made by the oil companies and the power compsnies. There are people currently using FREE ENERGY but they have been told to keep their mouths shut or risk being bumped off. So there you have it. Free energy has always been available on earth but the mighty dollar just won’t allow it to happen. What we need is a revolution so we can all have it for FREE!

    • tawney

      your a joke ! idiot

    • Yorwos

      This is STUPID. I CANT BELIEVE I HAVE WASTED SO MUCH TIME LOOKING FOR FREE ENERGY CONCEPTS. ITS NOT EXISTING ANYWHERE BUT OUR FANTASIES YET

  • Jon

    Free energy my ass it’s like saying free money. Energy is abundant in the universe infact it is everywhere but it will take some great minds more time. If you are referring to a fuel cell as a savior you are mistaken. Look up the law of conservation. So you take two parts hydrogen one part oxygen and whamm H20 ie water that is really hot and energy is extracted but at a loss. There is always a loss look at your pay stub. Where did the hydrogen and water come from in any quantity? From water in an electrified electrical loss. Get it you get something at the cost of a bigger something. I hate conspiracy theorist. Half baked scientists.

  • Virginia

    People are not free thinkers in this world. They live according to the way they are told to live even if it totally irresponsible. They do not question authority for fear of reprisal and being abandoned. Most people are puppets and therefore have little control over their destiny. Until we start respecting and encouraging individual thought and action, we are doomed.

  • http://lorraineroth.wordpress.com Lorraine Roth

    I really believe things HAVE to get much worse before they will get better.

    Be prepared for hard times folks !

    • tawney

      you are exactly correct…..but things are going to get really bad to horrible really soon.

  • Mohunch

    I have been telling people for at least two years that they needed to stock up on non-perishable food, water and metals. Those metals are gold, silver and lead. The lead needs to be propelled by gunpowder so you can protect the gold, silver, food and water.

  • HAbook

    Mohunch very funny. Where to invest gold hell. Buy 10000 cans of tuna today and in a year in a half you will triple your money. Oh you might want that food for your self. Dont let Obama know becasue he wants to take everything from you including the OIL companies. Government wants it all. The liberal progressives are evil and dumb.

  • Mark R

    Why would I want to invest in gold? Who’s going to buy it? Rich people? Hardly. There’s only so much jewelery the wealthy can want.

    We can’t eat gold. It’s worthless if we’re all living in shanty towns and tent cities.

  • Mootball

    With all of our ” Intellectual capacity”, It amazes me why the human species could not address this many years, if not decades ago. Now we get to. Silly animal, wanting to burn out like a colony in a petri dish. Yea, what does anyone have to say, Doh! Complacency has brought us to this edge, now how do we deal with the plunge? I have been waiting for this for 20, maybe 30 years? Now everyone gets to follow the same formula that was FORCED down my throat many years ago. Where is your fiat strength now, America? You sold my worth of labor down the river long ago, How will YOU like it when people like me start to make the rules? Because I will. You sold your right to have a say, but I did not. No credit card debt, YOU can LEARN from ME how to survive. Or perish. I do not approve of the corruption that YOU have brought to the fiat currency, I work way too hard, for literally nothing, so I call the play, not anyone else, cause I have NOTHING left to lose.

  • TeZ

    Mohunch: lmfao, I got everything but the gold

  • http://www.angeloffaith@yahoo.com Donna Rogers

    We are in the book of revelation folks. Please see the tab titled Tribulation Chart at my website at http://www.angeloffaith777.com. The world economic collapse is the 3rd seal.

  • http://sicb.info Wake Up American

    Wake Up America before its too late. Judgement day is coming closer each and every day. If anyone wants to know what is truly going on in the world pick up yourself a bible while you are still able to have one. Because there is going to be a time we will not be able to have one.

    God wrote to you everything you will need to know while on our journey on earth. All the answers are in that bible written by Almight God, Creator of Heaven & Earth.

    Its your responsibilty to search for your purpose of what you are doing on this earth. Meanwhile all the answers are in the holy bible from God that is His love letter to you.

    That is who God communicates to the people of earth from His word. God loves each and every person on this earth and does not want anyone to perish.

    God wants to talk with you and you with Him. My prayer is that you will want to have a personal relationship with your Creator who made you now while He is still able to be found. My prayer is that you come to know your Lord Jesus Christ and Almighty God.

    • http://twitter.com/LeafsNation1212 The Beard

      LMAO

  • RDM

    I don’t understand one fact, for centuries currencies were printed and distributed, so the net amount of money that is being held should be constantly increasing. Cash flows from country to country, but it should not be vanishing! Somebody is greedily accumulating all the money without spending, which is stupid, once the money they hold looses value, their savings also loose value. Wait this is a ploy to bring down world currencies equal to their low value currencies, hence they could gain monopoly over global trade and possibly own the entire globe. Wake up, find out where all the money went, whether for cheap products from China or petrol to middle east, that money is with them and they are not spending on purpose, which is intended to destroy world’s giant economies. Reduce the trade traffic, and they will come back to you, then make a deal with them to pay back the accumulated money back to us through trade.

  • http://www.mirandalambertlove.info Miranda Lambert

    It’s coming! I hope you are all prepared. It might be wise to invest in some gold, but honestly food will be a hotter commodity.

  • AnonymousTeenPrepper

    I have seen gas prices rise and fall, it’s a scary thing. I’m doing my best to educate myself and learn how to prep properly.

    The economic collapse and peak oil are inevitable.

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