The Beginning Of The End
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The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt

Federal Reserve Balance SheetThe Federal Reserve is creating hundreds of billions of dollars out of thin air and using that money to buy U.S. government debt and mortgage-backed securities and take them out of circulation.  Since the middle of 2008, these purchases have caused the Fed's balance sheet to balloon from under a trillion dollars to nearly four trillion dollars.  This represents the greatest central bank intervention in the history of the planet, and Janet Yellen says that she does not anticipate that it will end any time soon because "the recovery is still fragile".  Of course, as I showed the other day, the truth is that quantitative easing has done essentially nothing for the average person on the street.  But what QE has done is that it has sent stocks soaring to record highs.  Unfortunately, this stock market bubble is completely and totally divorced from economic reality, and when the easy money is taken away the bubble will collapse.  Just look at what happened a few months ago when Ben Bernanke suggested that the Fed may begin to "taper" the amount of quantitative easing that it was doing.  The mere suggestion that the flow of easy money would start to slow down a little bit was enough to send the market into deep convulsions.  This is why the Federal Reserve cannot stop monetizing debt.  The moment the Fed stops, it could throw our financial markets into a crisis even worse than what we saw back in 2008.

The problems that plagued our financial system back in 2008 have never been fixed.  They have just been papered over temporarily by trillions of easy dollars from the Federal Reserve.  All of this easy money is keeping stocks artificially high and interest rates artificially low.

Right now, the Federal Reserve is buying approximately 85 billion dollars worth of U.S. government debt and mortgage-backed securities each month.  We are told that the portion going to buy U.S. government debt each month is approximately 45 billion dollars, but who knows what the Fed is actually doing behind the scenes.  In any event, by creating money out of thin air and using it to remove U.S. Treasury securities out of circulation, the Federal Reserve is essentially monetizing U.S. government debt at a staggering rate.

But Federal Reserve officials continue to repeatedly deny that what they are doing is monetizing debt.   For instance, Federal Reserve Bank of Atlanta President Dennis Lockhart strongly denied this back in April: "I object to the view that the Fed is monetizing the debt".

How in the world can Fed officials possibly deny that they are monetizing the debt?

Well, because the Fed is promising that it is going to eventually sell back all of the securities that it is currently buying.

Since the Fed does not plan to keep all of this government debt on its balance sheet indefinitely, that means that they are not actually monetizing it according to their twisted logic.

Try not to laugh.

And of course that will never, ever happen.  There is no possible way that the Fed will ever be able to stop recklessly creating money and then turn around and sell off 3 trillion dollars worth of government debt and mortgage-backed securities that it has accumulated since 2008.  Just look at the chart posted below.  Does this look like something that the Federal Reserve will ever be able to "unwind"?...

Federal Reserve Balance Sheet

Remember, just the suggestion that the Fed would begin to slow down the pace of this buying spree a little bit was enough to send the financial markets into panic mode a few months ago.

If the Fed does decide to permanently stop quantitative easing at some point, stocks will drop dramatically and interest rates will skyrocket because there will be a lot less demand for U.S. Treasuries.  In fact, interest rates have already risen substantially over the past few months even though quantitative easing is still running.

Right now, the Fed is supplying a tremendous amount of the demand for U.S. debt securities in the marketplace.  According to Zero Hedge, Drew Brick of RBS recently made the following statement about the staggering amount of government debt that is currently being monetized by the Fed...

"On a rolling six-month average, in fact, the Fed is now responsible for monetizing a record 70% of all net supply measured in 10y equivalents. This represents a reliance on the Fed that is greater than ever before in history!"

Overall, the Federal Reserve now holds 32.47 percent of all 10 year equivalents, and that percentage is rising by about 0.3 percent each week.

If the Federal Reserve does not keep doing this, the financial markets are going to crash because they are being propped up artificially by all of this funny money.

But if the Federal Reserve keeps doing this, it is going to become increasingly obvious to the rest of the world that the Fed is simply monetizing debt and is starting to behave like the Weimar Republic.

The remainder of the planet is watching what the Federal Reserve is doing very carefully, and they are starting to ask themselves some very hard questions.

Why should they continue to use our dollars to trade with one another when the Fed is wildly creating money out of thin air and rapidly devaluing the existing dollars that they are holding?

And why should they continue to lend us trillions of dollars at ultra-low interest rates that are way below the real rate of inflation when the U.S. government is already drowning in debt and the money that will be used to pay those debts back will be steadily losing value with each passing day?

The Federal Reserve is in very dangerous territory.  If the Fed wants the current system to continue, it is going to have to stop this reckless money printing at some point or else the rest of the world will eventually decide to stop participating in it.

If the Fed wants to go ahead and make quantitative easing a permanent part of our system, then eventually it will need to go all the way and start monetizing all of our debt.

Right now, the Fed is stuck in the middle of a "no man's land" where it is monetizing a significant amount of U.S. government debt but it is trying to sell everyone else on the idea that it is not really monetizing debt.  This is a state of affairs that cannot go on indefinitely.

At some point, the Fed is going to have to make a decision.  And for now the Fed seems to be married to the idea that eventually things will get back to "normal" and they will stop monetizing debt.

Even Janet Yellen is admitting that quantitative easing "cannot continue forever".

However, she also said on Thursday that it is important not to end quantitative easing too rapidly, "especially when the recovery is still fragile".

Well, at this point quantitative easing has been going on in one form or another for about five years now.

Will it ever end?

And when it does, how bad will the financial crash be?

Meanwhile, with each passing day the faith that the rest of the world has in our dollar and in our financial system continues to erode.

If the Fed continues to behave this recklessly, it is inevitable that the rest of the globe will begin to move even more rapidly away from the U.S. dollar and will become much more hesitant to lend us money.

Ultimately, the Federal Reserve is faced with only bad choices.  The status quo is not sustainable, ending quantitative easing will cause the financial markets to crash, and going "all the way" with quantitative easing will just turn us into the Weimar Republic.

But anyone with half a brain should have been able to see that this debt-based financial system that the Federal Reserve is at the heart of was going to end tragically anyway.  The 100 year anniversary of the Federal Reserve is coming up, and the truth is that it should have been abolished long ago.

The consequences of decades of very foolish decisions are catching up with us, and this is all going to end very, very badly.

I hope that you are getting ready.

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  • Tim

    “Since the Fed does not plan to keep all of this government debt on its balance sheet indefinitely, that means that they are not actually monetizing it according to their twisted logic.”

    It would be funny if it weren’t so serious. It’s not going to end well. How much longer can they keep this going? I ask myself that question every morning when I get up.

    • MichaelfromTheEconomicCollapse

      I hope that they can keep it going for at least a few more months so that those of us that are awake can have a few more months to prepare. :)

      Michael

      • Rodster

        I don’t think anyone can properly prepare for the global economic fecal storm that is headed our way.

        • MichaelfromTheEconomicCollapse

          My philosophy is to the best that I can with what I have and to leave the rest to God.

          Michael

          • william mony

            Correct Michael
            No faith in man or this world systems will help. Trust and serve the Lord. Saviour Jesus

          • 65starship

            your imaginary god won’t save you

          • GSOB

            For each of us life is given so prepare to stand before God.

          • Leon Welch

            I think you are correct because of the way we treat him. But he is not imaginary by no means. I will keep you in my prayers.

          • Gene Baugh BBA

            He did not stop or prevent the last depression, or the one before that, or the one before that.
            At least we are not the Philippines!

          • william mony

            And anything man did made a dent either? The world heads towards one crisis after another all caused by man
            Free will
            Plus the US has thrown God pretty much out of everything from schools to society and then we want his help?

          • Leon Welch

            And my guess is he will not stop this one either and why should he. What have we done as a country to warrant that? Remember, if you will turn from your evil ways and seek my face I will heal your country. We have not turned from anything, if anything, we have only embraced our evil ways.

          • 65starship

            your imaginary god won’t do anything

          • william mony

            Can you contribute anything else?
            Yes we know your beliefs after repeating yourself many times
            It won’t change any of ours who believe

          • GSOB

            You mean, that’s an essential part of your faith, …right?

        • Randy Townsend

          I concur. You can, however, mitigate the worst of the effects so that you only have it bad when most have it much worse. Get out of the stock market NOW – record highs = time to sell. Hold physical gold (and some silver) in your possession and move your accounts to offshore banks in nations that do not have cooperation agreements with the US. Get out of debt (as much as possible). Store non-perishable food, medicines, and arm yourself sufficiently (learn how to use the weapons if you don’t know now).

      • Douglas M. Green

        Even some of the hard core, liberal koolaid drinkers I know are waking up now. Rickards says mid to late 2014 before the market crashes and most from the austrian school say Yellen will INCREASE QE by mid 2014. Expect the BRICS to accelerate the dropping of the dollar.

        • Gene Baugh BBA

          Low interest rates make the currency less attractive to investors.

      • kathy k

        Hey Micheal Thank you for all of your hard work. I laughed God bless you & your family

        • 65starship

          god doesn’t exist

          • GSOB

            prove it

          • chilller

            God doesn’t exist in the hearts and minds of lost souls…they should be prayed for.

          • GSOB

            wrong chiller. Everyone knows there is a God yet we suppress this knowledge of God.

          • Scooter

            You would do better to escape the god vs. no god trap, and instead, focus on the definition of “god”. Here’s a clue… that 7 billion people can have a different definition of god in their heart and mind tells us that the priest-class has not provided any religion with the proper definition, nor will they ever.

          • GSOB

            Hello Scooter the tutor…..
            I tell ya ….
            I know what I’m talking about….

            Jesus Christ is God, Prophet
            Priest and King. He is the perfect man too.

            I or anyone else can not do better than that, because it is not my strength but His,… and yet the best is to come!

            Come Lord Jesus!

          • 65starship

            god doesn’t exist

          • GSOB

            ….in order to get what you need, you remind yourself everyday that He needs not exist, so you live your life in vanity.

          • Gay Veteran

            be sure and PAY your tithes to your priest

          • GSOB

            I see that you are fed up with Christianity.

          • Gay Veteran

            no, I am fed up with “Christianity”

          • GSOB

            Your entire argument has a false premise….

            Don’t look to man to define who God is.

            God himself, and only He, can reveal Himself to the spirit of man. I can just talk about Him.

            Man in and of himself, since the fall, is alienated from the life of God,… runs from Him.

          • 65starship

            you’re a christ psychotic schizophrenia

          • GSOB

            The Lord is my light and my salvation;
            whom shall I fear?
            The Lord is the stronghold[a] of my life;
            of whom shall I be afraid?

            When evildoers assail me
            to eat up my flesh,
            my adversaries and foes,
            it is they who stumble and fall.

            Though an army encamp against me,
            my heart shall not fear;
            though war arise against me,
            yet I will be confident.

            One thing have I asked of the Lord,
            that will I seek after:
            that I may dwell in the house of the Lord
            all the days of my life,
            to gaze upon the beauty of the Lord
            and to inquire in his temple.

            For he will hide me in his shelter
            in the day of trouble;
            he will conceal me under the cover of his tent;
            he will lift me high upon a rock.

            And now my head shall be lifted up
            above my enemies all around me,
            and I will offer in his tent
            sacrifices with shouts of joy;
            I will sing and make melody to the Lord.

            Hear, O Lord, when I cry aloud;
            be gracious to me and answer me!
            You have said, “Seek my face.”
            My heart says to you,
            “Your face, Lord, do I seek.”
            Hide not your face from me.
            Turn not your servant away in anger,
            O you who have been my help.
            Cast me not off; forsake me not,
            O God of my salvation!
            For my father and my mother have forsaken me,
            but the Lord will take me in.

            Teach me your way, O Lord,
            and lead me on a level path
            because of my enemies.
            Give me not up to the will of my adversaries;
            for false witnesses have risen against me,
            and they breathe out violence.

            I believe that I shall look upon the goodness of the Lord
            in the land of the living
            Wait for the Lord;
            be strong, and let your heart take courage;
            wait for the Lord!

          • 65starship

            prayers don’t work

          • chilller

            And you’re proof

          • Leon Welch

            How do you know? Have you ever tried it?

    • ricsands

      If the debt ceiling has no limit, theoretically they can do this forever. Personally I considerate it just whistling in the dark.

      • Tim

        I disagree. The longer QE continues, the greater the risk of a loss of confidence in the U.S. dollar by foreigners. China could pull the rug out from under us tomorrow if they wanted to. On the other hand, if they even scale back their monthly asset purchases, let alone stop it altogether, the equity markets will crash and interest rates will rise significantly. They can’t have that. Either way, this won’t end well. That’s how I see it.

        • ricsands

          I’m with you on that really. Nothing is more ridiculous than not monitoring your debt and the function of that debt.

    • Gene Baugh BBA

      Answer: As long as necessary. I hope they do not repeat the mistake the 1937 fed made and raise rates too soon, the stock market fell 40% in three months.
      The first MBSs that the Fed bought are likely coming to maturity already. they usually have a five year duration. The ten years will in my estimate mature before the economy overheats. In other words it will be a very long time.

      All the fed has to do to raise rates is slow the buying. This will be a very gradual process.

      • Tim

        I was not asking how much longer they will continue QE. They cannot stop QE without causing another crisis. Just the hint of tapering a few months ago caused equities to drop and the 10-year yield to rise to 3.00%. Janet Yellen will almost certainly increase the amount of monthly purchases.

        • Gene Baugh BBA

          You are right they can not even slow it down without damaging the economy.
          When they do begin to reduce purchases you can expect a reaction in the markets but not necessarily a crash. Higher borrowing costs will naturally affect economic and corp. profit growth.
          After expanding it’s balance sheet and lowering interest rates in the Great Depression the Fed made the mistake of raising rates in 1937 and the market, which had gone up some 350% from the bottom in 1933, fell by 40% in three months.

      • Gay Veteran

        fixed your sentence: The first MBSs that the Fed bought are likely garbage

  • Ron

    I can’t believe the world is sitting back and holding dollars. Will the first country stand up and say ” we are out”. We are dropping the dollar.
    The sad thing is most of the world has no idea what coming in the near future.

    • Rodster

      Even worse, is that every major economy is doing the same thing as the US. The whole game is rigged no matter where you look.

      • Hammerstrike

        In that case, the federal reserve inflation policies would be useless.

        Hoepfully, this rigging made the whole system more unstable than the WTC towers after the 2nd plane.

    • MichaelfromTheEconomicCollapse

      Yes, it reminds me of the children’s story where the emperor is not wearing any clothes.

      Michael

      • Scared Economist

        “Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett

      • Hammerstrike

        Look! The suit is not wearing any president!

    • Joe Shmo

      Many are not. Iran, Russia, China (to name a few) are trading between each other using other forms of payment.

    • william mony

      If you look, not only are we losing allies but al countries are buying hard assets and dropping the dollar. We are headed for tough times

  • K

    So they are not monetizing the debt, because they are not going to keep it? Really, where is it going to go? If anyone else wanted it, they would not be buying it. This kind of answers assumes we are all idiots. The sad thing is they are right, about the grand majority. The two largest groups in the U.S. 1. I don’t know and I don’t want to know. 2. There is nothing I can do about it. Between the 2 groups 80% of the population.

    • bubba

      do you think this is why there starting to talk about taking over your 401k and your ira they will replace them with t bonds. enjoy your retirement

      • K

        That is definitely on their mind. I also understand they would be T-bills that could not be cashed in, for a specified amount of time. There are many things being discussed, none of them good.

        • bubba

          what they are going to do I think is they will take all the cash out of your retirement account put bonds in, and then tell you its just like your social security account. they will tell you we will send you a check for your retirement account. it does two things 1 robbed your retirement account 2 lets them go ahead with a cashless society. everything will be credits or debits.

          • ricsands

            Wouldn’t this also mean that corporations and companies that hold these funds for employees will be looking at a potential hostile takeover of these funds by the US government? Boy I can’t wait, our government is so proficient at money management.

          • Gene Baugh BBA

            Why mount a hostile takeover of Wall Street when you can print all the money you need.
            All the 401K money s at Fidelity and other Big Wall street firms earning them management fees.

          • ricsands

            If the fed can’t get foreigners to put fed notes in their banks for commodity exchanges they will look for other markets and because they are the fed they get to make the rules. A big company with all that fed note 401K potential has all this new playground for the fed bullies to take over.

          • Mecca Wrecka

            and if they use the Polish model, those new checks will stop being issued after 1 year, just long enough to mitigate the shock and rioting a little – or to put it another way, enough time for the Einzatzgruppen (you know it as Homeland Security) to fully mechanise in order to crush us.

          • Gene Baugh BBA

            That is not cash in your 401K it is stocks and bonds. (ownership of corporate America and the corporate world.

          • bubba

            its the last large amount of money left our government has not stolen from us yet

          • Gene Baugh BBA

            And getting larger, this year especially.

      • Randy Townsend

        Absolutely correct. Which is why smart investors are moving their accounts to offshore banks in nations with no cooperation agreements with the US government. The government can’t take your money if they can’t access it.

        • mikeymike61

          which countries should I use to stash money?

      • Gene Baugh BBA

        By ‘they’ do you mean the likes of Rush Limbaugh?

        For one thing Wall Street would never go for it.

        That would mean selling all the Johnson and Johnson, Exxon, and Coca Cola in your account and using the proceeds to buy treasuries.

        It is unnecessary because the Fed can create all the dollars it needs to purchase as many treasuries and MBSs as they need to, to depress interest rates.

        • Gay Veteran

          “…depress interest rates.”
          and how has that worked out since May with U.S. 10 year treasuries? they’re losing control

    • william mony

      The Chinese and russians are turning their fiat American dollars into “hard” assets
      Would you want hyperinflation destroying all your investments?
      The only group by buying US bonds is the Fed
      The ponzi scheme is up. We have 6 months to a year and then we have a collapse

      • Gene Baugh BBA

        Low interest rates make precious metals more attractive as there is less opportunity cost. High interest rates suck money out of PMs. Gold pays no interest.

        • Silver stacker

          Agree 100%. I’ve been trading my fiat for gold and silver eagles for the last year.

        • Gay Veteran

          and no one is making gold out of thin air, unlike dollars

    • prestodo

      Placing some complete sentences in your comments would be well appreciated by the readers of the web site.

    • Gene Baugh BBA

      When it is time to go from easing to tightening they will accomplish it by reducing purchases first, Then ending purchases. Then selling. In this way they can make interest rates go back to market levels and then push them up above market levels if the economy overheats. This may be a decades long process. And as interest rates go up demand will increase.
      People and countries do want them at market rates, what we have now are below market rates.

      • smallergovnow

        how does the economy EVER overheat when all the jobs have been off shored? We have a bogus service based economy that is imploading…

      • jaxon64

        Nice theory–but you must not be paying attention. We are past the point where even “tightening” causes convulsions-let alone trying to sell. The Chinese and India are selling off their US dollars and put a hold on treasury purchasing themselves and also legislation started this week to outlaw the circulation of US dollars in Russia.
        Your Krugman recitations are all familiar to us- they are simply utopian in the world of 17 trillion debts, 100 million unemployed and unfunded liabilities that include pensions, SSI and medicares in excess of 100 trillion.
        What idiot would lend to the USA ( buy these “securities” aka promissories..) with that kind of backing for their investments ?.
        If you believe in it so much, then YOU buy a bunch of t-bills now…I’m sure they will be highly sought after in 10 years and you’ll be super rich…..not.

        • Gene Baugh BBA

          I agree with Buffet that bonds are a terrible investment right now. Interest rates are artificially low because of QE. And they will certainly rise in the future sometime I don’t know when. T bills that mature every 30 days are a safe place to park money but you will not get rich with them. If you want to try and make some money I would go with Exxon over the next ten years.

          The Fed is more concerned with our countries economic delima than with foreign appetite for our bonds.
          Their goal is to keep interest rates low for as long as it takes to get economic activity going.

          • Gay Veteran

            WRONG. The only thing the Fed is interested in is the health of the Big Banks. They don’t give a da*n about Main Street.

          • william mony

            When the Fed loses control of the bond market, and we are pretty close now, we are in a situation where marshal law t will start

      • Gay Veteran

        riiiight, because we know government is so competent

  • no what i mean vern?

    For those of us who remember the past 50 years or so of economic progress, it’s perhaps important to remember that real economic growth comes from making (or manufacturing) things to sell to other countries/people. What we have now is a fiat based system where pretty much the whole thing is set up as a “print da cash and den ya dash” type thing. The fact that so many people here at home and abroad are happy with this speaks volumes about global stupidity.

    Janet Yellen is just another tool of the power elite. They are the same elite that follow whatever Israel dictates. They are hell-bent on bringing about, not only the wanton destruction of the US, but also the NWO plan. Mark my words, these j_ws will bring you to your f<ck-ng knees. They will not stop until you beg them for your next breath of fresh air- for which they will charge you…with INTEREST!!! There is only one way to stop them and that is EXTERMINATION! Hitler tried and couldn't succeed. Only time will tell whether someone else has the stones to put an end to this parasitic plague on humanity. Even Christ threw these fuc_ers out of the temple….and they put HIM to a most agonizing death.

  • Dr. Dave

    You forget one important thing when you say “as soon as the punch bowl is taken away, the stock market will collapse”. The FED is never going to take the punch bowl away. When Europe beings to implode next year, all those EUROS will be exchanged for dollars and run for the stock market. That will give the FED even more cover to print more money by increasing demand for dollars. And they will keep printing. If you want to make a million dollars, invest NOW in the stock market. Its going to the moon because the FED will keep printing. And printing. And they won’t stop printing until the devistation we are about to see in Japan and Europe then comes to our shores. The implosion won’t be a stock market crash, thought the markets will finally tank. It will be the end of credit. There won’t be anything that money can buy. No one will want what the FED is printing. Until then, its DOW 30,000 and beyond. The punch bowl is NEVER GOING TO BE TAKEN AWAY. The currency will collapse before the punch bowl is removed.

    • Randy Townsend

      Disagree completely. The move against the dollar is already being made by China, our biggest creditor. They aren’t in the Euro to the extent they hold $’s. The stock market will not be flooded if/when the Euro goes down – it will go down shortly after (IMHO).

  • tacoma

    A post 9/11 story:

    1. After 9/11, everybody wanted to pump up the economy to create wealth. The easiest and fastest way to do this is to create a real estate boom.

    2. The words went out that you can borrow as much money as you want if you build, buy or trade real estate. The Fed proceeded to pump fiat money into the banks, and the banks proceeded to loan them out like no tomorrow. No tomorrow? For sure. See, with the Fed’s infinite power to issue infinite amount of dollars that is the world’s reserve currency, which the whole world depends on, it is only ‘rational’ that America will use the infinite power of the dollar to fix any infinite size problem.

    3. Trillions were borrowed and the boom was on the way. Everybody suddenly felt so very rich. Life is good, almost infinitely good.

    4. But wait, this gigantic boom is not enough, not for the banks anyway. They want more, a whole lot more. Infinitely more! Because they can soak up the trillions of mortgage, repackage them and sell them for thousands of time more. ‘We have the technology!’ as the cartoon says. Trillion upon trillions of this stuff swamp not only the USA but the whole world. Much of the world went nut.

    5. The Fed create $1 of fiat money, and $1000 of real estate value were created. For $1 of real estate, the banks created $100,000 worth of mortgage-backed security. The banks played Ponzi and so everybody also played Ponzi. With Ponzi all over, everything looked normal.

    6. Suddenly the modern Dutch tulip bulb bubble went poof, the whole things collapsed. The banks were left holding trillions of worthless paper. And you are left with foreclosures.

    7. Those who bought real estate and are now eating daily Kraft dinner, tough. But for the banks, there’s no worry. The Fed comes to the rescue. It buys up all the crap the banks are stuck with, enter the transactions into its account, and by an act of magic, they disappear. The banks are bailed out. Why of course, the job of the Fed is to feed the banks and to bail out the banks.

    Now why am I boring you with this story, many of you likely know already. I just want to remind you, the great American capitalism worshiper, that there is no such thing as capitalism for banking and finance. The Fed job is to make sure there is no capitalism in banking and finance. Because that’s how they make money.

    Are you still watching Mad Money?

  • Hellfire1968

    Didn’t they say “they would never monetize the debt”??? I feel like everyone in DC/Wall Street is lying to the American Citizens. If American Citizens lie , we get tazed then shot and thrown into jail.

    • GSOB

      Do you realize Hellfire1968, that you have the most beautiful face?

      • Hellfire1968

        My Mother thinks I am beautiful and special too.

  • Nic

    What make you think if USA collapse, the entire world will collapse? . We can replace the USA $ in a few months. Look at the swiss francs and the tiny country, it s like the crisis didn’t exist there. Buy and invest in the Swiss market instead. Swiss francs is a stable money. (yes, I hear you guys…. Swiss governement did like China, fixing the value of the Swiss francs to boost importation )

    Look at Norway. If economy collapses, people will come back to local market, buy and consume locally.
    Only the one who got in debt will have problems for the rest of their life because wage will be low and unemployment will remain high(usa students have over 1 trillion debt) . The few countries who stayed out of debt won’t have much problems. Problem is people want car and house and will borrow all they can. This increase the cost of life for billions of people who don’t want or can not borrow.
    People are like children, they borrow to buy iPad, Netflix, and other crap gadgets…. They borrow because they don’t have the cash and will never get the cash. The rest of their life will be miserable.

    They need to change Europe or it s going to explode (Japan too) . Jobs are still moving to China… Problem we have politician who don’t give a rat, they got their 20k euro a month To press on a green or red button… Easiest job in the world…

    • Thats_just_crazy_talk

      Car and house?! I won’t excuse those who wanted more than they could afford however, Wall Street did far worse than those who wanted a car and a house and they continue to.

    • Rodster

      A systemic and total failure of global financial system is a reality. You are dealing with the world’s largest economy, and per capita a nation that consumes the most goods.

      The US still has the world reserve currency and every major economy in the world still needs the US and the are heavily invested as well. The other looming problems are:

      1) all major economies are doing what the US is doing, don’t kid yourself. They are all propping up their economies with cheap money. Including China !

      2) If you have a systemic failure the 1.6 quadrillion derivatives bubble will rise from the ashes. At that point the entire world will have been put on notice that their isn’t enough money combined to pay for all the world’s debt.

      3) Back in 2008 it was said by the Bush administration that if they had not stepped in and bailed out the banks it would have collapsed the global financial system.

      We are in worse shape today than we were 6 years ago. So yes we are not dealing, Norway or Switzerland, Denmark etc. We are dealing with the Big Fish in the grand scheme of things.

      • Hammerstrike

        The largest economy now is China.
        1) Not as much, if they did then the federal reserve inflation policies would be useless.

        There would be some chaos after the parasite is eliminated but without it, the hosts would do better off, not worst.

    • wombobobo

      maybe we will invade Norway and take all the Norwegian woman back with us. we win!

    • Hammerstrike

      The federal reserve is one enormous parasite draining the world economy, without it, that economy will be better off.

  • Dave

    If they’d get that money into the hands of Main Street and not Wall Street, we could lower the value of our dollars to make our manufacturing sector more competitive.

  • Scared Economist

    It’s like a giant dam with severe structural issues—
    They so far have been able to plug the leaks and cracks with Bailouts, OE, regulations, and the manipulation of gold prices.
    When the dam bursts it’s going to go fast—
    I don’t even think we are talking days. With our world of instant news, computerized banking, and automated stock selling I think we are talking hours.
    Anyone who is not ready will be caught with their pants down and won’t have time to react.

    • GSOB

      The Federal Reserve Bank is America’s version of the ongoing Fukushima disaster.

  • Kent Harris

    God said this was going to happen right after 9/11. The Blood Moons and the fact it correlates with the 112th anniversary of Israel back in 1903 on Sept 11th. God is by nature one of order and he tells people well in advance of what will happen.

    • 65starship

      your imaginary god didn’t say anything

      • GSOB

        The ‘Blood Moons’ teaching or theory sounds cryptic and is not the central message of the Gospel of God. But that’s what makes it attractive.

        Cut to the chase…. 65starship…
        You die one day, like the rest of us will one day, …….that proves that there is a God.

        Death is a judgement for sin from God. It is inescapable, but He gets around to each one of us.
        It is because of sin we are appointed to die.

        Think of the ‘beast’ as human depravity and there you have it. We each have a part of the expression, manifestation of the beast within. Christians are ‘beast’ – they are not yet fully released from their body of death.

        The only difference between you and Christians 65starship, is that you live out the beast in rebellion to God and they in faith.

        • Kent Harris

          You are correct about the Blood Moons and man’s rebellion against our Creator. We will continue to see a progression just as Paul wrote in 2 Timothy 3:1-5. It amazes me how much has changed in this last decade. It seems like America has amnesia and has forgotten who is truly the God of the universe.

          • 65starship

            you’re a christ psychotic schizophrenic

          • Kent Harris

            My friend you seem overly upset with what Christians believe. You can live your life according to what you believe and I will my life according to what the Bible says. But take heart for Christ has overcome the world:))))

        • 65starship

          you suffer from christ psychotic delusion just like in a schizophrenia

        • Gay Veteran

          religion exists for 2 reasons:
          (1) man fears death
          (2) as a means of social control (obey the king or you’ll go to h*ll)

          • GSOB

            Are you asking me or informing me?

          • Gay Veteran

            no question mark in my comments

          • GSOB

            Then you left out another reason, the essential one….

            We die.

  • musivick

    the QE for the banker/financial system will continue in benefit to Wall Street only

    the ‘Main Street’ help is coming in the ACA-ØbamaScare reshaping of the economy & the Trillions which are currently locked up in the hands of the individuals-savings-retirement accounts

    the shake-down is just being commenced…welcome to dystopia-usa

  • frank1569

    As long as nobody remembers when mortgage-backed securities were called ‘toxic assets,’ the Fed should have no problem finding suckers – er, investors – willing to pony up a few hundred billion.

    • Gene Baugh BBA

      Those were the old “Liar Loan” MBSs. The fed is not holding or buying any of those.

      • Gay Veteran

        and how do you know that? why do you think the Fed is so opposed to a full audit?

  • AlexxelA

    We are all in a catch 22, If we take the power away from the Fed and return to the Treasury.

    (under the constitution the Treasury only can coin money. Money is based on Gold and silver!)

    Then the Federal Reserve will hit us with a bill that we can’t pay.

    If we allow the fed to keep printing, there is no end in sight, till our dollar is worthless. Every Fiat currency has failed since Roman times!

    Do you think that the Washington establishment is really going to stand up and tell the truth? Nope! they just keep raising the dept ceiling and taxes. Hoping that scam will continue!

    • Gravlore

      Roman coin was debased as well (Gold and silver). The problem is government. No matter how noble they start out, they always turn into crap. Governance is the problem. Anarchist societies kill and pillage but so do societies with government (land tax and seizure of property). No system that has been used is good since human nature ruins everything. Its what we do.

  • davidmpark

    Yes, this is going to be difficult.

    There are a number of issues that will be at play: falling stocks and inflation at once, along with social upheaval from people that believe they no long er need to behave, etc.

    I have stated that there are ways to fix this; but as Michael has stated and some people’s posts on this site have proven – enough folks don’t want to fix it since it requires hard work and some risk. Also, some people really do want a collapse for reasons that can only be speculated.

    There is over $120 trillion in raw materials locked up on federal lands; I haven’t got more exact numbers for the state’s lands. And then there’s the renewable resources that can be recreated indefinitely. We have access to more information on how to manufacture in your own backyard what was once the work of high paid professionals. We have access to the gospel of Jesus Christ that is so easy to obtain with the click of a mouse.

    We have so very much… and yet the majority wants to throw it away for the sake of lusts and envies, cruelty and emotional highs. Seeking to harm anyone they can regardless of the consequences or damage done, through any means possible. Whether using politics to blame someone for problems they are just as guilty of, or to denounce and vilify someone’s faith. Demanding instead that free people worship at the alter of public opinion and work for the sake of a collective of their assumed betters.

    That is why this nation will collapse: so many crave war, lust for power, addicted to abusive iniquity, and refuse to live and let live.

    Prepare for the worse, but work for restoring the nation rather than reveling in it’s demise and iniquity.

    • AlexxelA

      Yes! 120 Trillion of raw materials are in our lands, but the Federal Government, EPA, and red tape will block any move to uses them. Our Congress and White House has systematically transferred our jobs over seas. The Fair trade agreements just made CEO of countries rich. So we will just watch our Government continue spend us into oblivion!

      • Gene Baugh BBA

        As Charlie Munger, Buffets partner says, use the other guys oil first.

  • AlexxelA

    This is the most important fact that can make and break our country! People are just clueless about what is really going on!

  • AlexxelA

    Just keep on adding onto the debt and you have no choice! Our Congress and White House has systematically transferred our jobs
    over seas. The Fair trade agreements just made CEO of countries rich.
    So we will just watch our Government continue spend us into oblivion!

  • El Pollo de Oro

    Alex Jones put it best when he said that developed countries can collapse into Third World squalor when they allow their currency to be debased. And make no mistake: we’re looking at serious currency debasement in The Banana Republic of America. There’s no way the dollar will come out of this unscathed.

    As I see it, there are two scenarios. The optimistic scenario is one Gerald Celente has outlined: a bank holiday followed by a formal devaluation of the dollar. After the holiday, you’ll be able to get your money out of the bank, but it will be worth a lot less. Perhaps the BRA dollar will have about as much value as the Guatemalan guetzal or the Bolivian boliviano.

    An even worse scenario would be the dollar becoming so debased that it ceases to exist altogether. Preppers who envision that scenario tend to be the ones who have told me, “So, you think we’re turning into Bolivia or Honduras? You’re too optimistic. Try Somalia.”

    Either way, we’re in serious trouble in The Banana Republic of America (land of the corrupt and home of the desperate).

    • El Pollo de Oro

      “The middle class is about
      25% of what it was in the 1950s, and it’s about to be gone.”—Alex Jones

      • wombobobo

        what is worse, millions who cant get their thousands out of the bank or millions who cant get their bread from their ebt card. sounds like total chaos

        • El Pollo de Oro

          When the money stops flowing down to the man on the street, the blood begins to flow in the streets (Gerald Celente). History shows that. We’re going to see an absolute bloodbath when Americans can’t get their money out of the bank.

        • Nic

          Both my friend….

  • Arizona

    THE LORD has warned ALL his prophets,GET MY PEOPLE READY,the destruction of earth is coming and it won’t be delayed,theres a lot of suffering about to come on america,WELL deserved suffering I might add,you have plunged the entire world into war america and the death toll of the worlds children can be laided right at your feet………………..

    • MrsBulldoggy .

      There are people in the US that have done nothing to warrant such wrath. There are many that are hard-working, mind their own business, just trying to raise their kids, put food on the table, working 12 hour days for minimum wage.
      And yes, there is a cabal that is responsible for this bulls*it that is going on, and they do need to pay a price. There time will come and many in this country will rejoice as well. But condemning everyone for the actions of this vile, evil segment is wrong.
      Don’t get it twisted Arizona, there are other people in leadership roles around the world that are just as guilty. America shares some of the blame, yes, but not all the blame.

      • Bill

        Well said.

      • Hammerstrike

        Yes, as long as they had it good they didn´t think that far.

        The big picture didn´t matter to them, they didn´t bother to understand, still doesn´t understand why that cabal should be stopped.

        • MrsBulldoggy .

          “still doesn´t understand why that cabal should be stopped.”
          Could you explain? Thanks…

          • Hammerstrike

            The current predicament exist because the system have been allowed to run rampant.

            Now we are on the verge of a major collapse and yet, most still thinks it is not their problem.

      • Gravlore

        Ignorance is no excuse. Most everyone knows about Americas warmongering. Turning a blind eye to it is just as bad as agreeing to it IMO. The excuses sometimes change for war but the result does not.

  • stopthesocialism

    1T created with a 10T money supply = 10% inflation.
    Although, I could see the Dims creating even bigger deficits. How? Eliminate those bad guy health insurers. Obamacare 2.0 – free government paid healthcare for everyone!

  • Sam I am

    The one that writes all these articles must be depressed or a failer in life! So full of negativity.

    • wombobobo

      tell us the positive side of all of this

    • Bill

      As the auctioneer says just before the hammer drops:
      FAIR WARNING

    • Nic

      Depress or realistic?

    • Jimbo

      If you saw an asteroid heading straight for the planet would you warn people or would you just ignore it and hope that by some miracle it would miss?

      Economic collapse is a mathematical certainty. Michael is just putting the maths into words.

  • Gene Baugh BBA

    Of course, as I showed the other day, the truth is that quantitative easing has done essentially nothing for the average person on the street.

    Except for 2Gary2, He refinanced his mortgage at 4%! Sweet!

  • Gene Baugh BBA

    The artificially induced, below market, yield on Treasuries and MBSs make them a less attractive investment for everyone. Warren Buffet said that all bonds are a terrible investment right now because at some point interest rates are going to be higher. He currently has some 40% of his assets (some 50 billion dollars) in cash and holds no bonds.

    It is not surprising that foreign demand for Treasuries would be weakened by the artificially and temporarily low rate of interest.

    What is worrisome is that if the economy continues to not respond to lower interest rates the world may lose faith in the strength and resilience of the US economy.

    • MrsBulldoggy .

      Why aren’t more American citizens concerned about this?
      BTW, I do agree with you. I just wonder why more bells are being rung…

      • Gene Baugh BBA

        Not everyone has an interest in such things. Life is full of other interests.

      • Nic

        Because nobody like to ear bad news.
        People like fairy tales…. This is why presidents lie…

        “if you like your health plan you can keep it”

        Suuuuuuuure!!!

    • Hammerstrike

      Hopefully, they will come to their senses and dump the FR dollar altogether.

    • Gay Veteran

      The U.S. economy will not recover because so many jobs have been sent overseas, thus costing us GDP and tax revenue.

  • Rufus T Firefly

    Transferring money from the undeserving poor to the deserving rich. That’s the kind of change I have hoped for. Thanks Barack, you are an obedient lapdog.

  • Bill

    Getting ready—–keep an eye on the 10 yr and the dollar index. Both are somewhat stable for now. When they begin to show drastic movement, pack up—-time to head for the hills…..

  • VIGILAX

    1- The world stop to use the US dollar as a trade currency.

    2- The US dollar loses its value.

    3- No body wants the US goverment debt, the FED continue buying it printing more money.

    4- Inflation boosts, as well as interest rates.

    5- Despite increase of interest rate, nobody wants to buy US goverment debt,with exception of the FED.

    6- Hyperinflation and caos. The FED owns the majority of the US government debt.

    At this point, the US government has a debt that can not ever be paid, and the Fed is the holder of a debt that can not ever be collected.

    Well, in fact actually the US Government has a debt that cannot pay, but major part is in hands of foreign holders.

    All the QEs is implying that the FED slowly is becoming the largest holder of all debt.

    Why is the FED (a private entity) so interested in holding all the debt? A debt that couldn’t ever be paid?

    If Greece is being forced to sell its islands to pay its debt, what will the US government be forced to sell? Don’t forget that the US government debt is the US citizens debt.

    Oh yes there is an exit!!! The entire United States will no longer belong to their citizens, it will belong to the FED.

    This will led into the privatization of the USA government, and all private property will be sequestered. You won’t be a free citizen any longer, you will become a servant of the new power, and you will be forced to do any task in Exchange of basics needs (such as housing, food, clothing, health and directed education, as well as some extra entertainment as a motivation for those who accomplish with their obligations and fixed goals).

    There will no longer exist a President of the USA, there will be an unelected General Administrator of the USA.

    You’ll no longer own anything, and the money will no longer be necessary to buy anything, cause the “Coorporate State” will provide you of anything necessary in Exchange of your forced social services.

    What will happen to those who could not or will refuse to provide their quota of forced social services? they won’t be any longer necessary for the society? They will be dispensable. They will be eliminated.

    At this point, who will care about the value of the U.S. dollar, it will no longer exist.

    WELCOME TO THE NEO-FEUDALISM ERA!!!! A new era of highly productive and free labor force.

    Of course, in order to be accepted such a maquiavelic plan, before the majority of population has to suffer poverty and starving, so all this changes would be welcome.

    Do you think I am crazy??? Do you think it is the screenplay of a new movie or an x-box game? Why do you think US government is spying and controlling everyone everywhere?? Why do you think the US government has already built an elite private military force???? Why do you think the US is already promoting the implanting of a chip to all their population?? why do you think the US government has distribute millions of ammo to all their civil offices??? why do you think the US government has already built concentration camps in strategic places along the USA??? Why do you think the US government is so concerned in drones large-scale production (there is no risk they will disobey orders)??

    Have you seen how different cities are going into bankruptcy?

    They are preparing the bankruptcy of the US Government, and when it will happen, the FED will take the control. Well, in fact the FED is the instrument to achieve that goal, and it will be seen as the guilty of all this situation, so another power born in the shadows will be in charge to take the control of it.

    • Nic

      They don’t prepare the bankrupt of their government. They want be ready when it happens. Nobody want the USA to fail except some fanatics. Europe is far to be good. Who will sink first, usa or Europe ?
      The S&P 500 is very high!

    • GSOB

      Scary stuff…. ain’t it?

    • Gravlore

      Then start the peoples means of trade without FED or government. Screw elections and leaders. Man is corrupt and should not lead other men. People and entities are given power by the masses. Refuse their power and watch them fall. To be subservient to any power of man is to be a slave.

  • chilller

    Fed monetizing has increased by $1.8 billion every day for the past five years. In the past year alone, it has increased to $2.74 billion every day, an increase of over 65%. At this rate, one year from now daily monetizing by the Fed will reach $4.5 billion per day or $5.65 trillion total..and that’s only if they stay the course and don’t increase their buying.
    The estimates are based on what the Fed “says” they’re buying, many who argue the amount is in fact, much higher. That’s over 1/3rd of our GDP owed to private banks of the Federal Reserve….our saviors….

    • GSOB

      You have such sharp teeth……

      ‘At this rate, one year from now daily monetizing by the Fed will reach $4.5 billion per day or $5.65 trillion total..and that’s only if they stay the course and don’t increase their buying.’

      Very alarming….. thanks

  • WAW

    I fear you are wasting your time writing about the debt issue. Remember, Obongo was elected to the White House in 2008, and again in 2012. Obongo does not meet the US Constitution requirements to be President. And, Hitlery Rodhamite just might wind up being the next President. I doubt if Vince Foster would approve of that. Point is, most of Americans are just dumb sheeple who believe the 911 LIE, and the false flag shootings and bombings. Yes, these sheeple actually believe that the “news” as reported on TV is actually true, when it is all “spun”, distorted
    or outright LIES. Finally, few in America know the Illuminati, which was the real power behind 911.

    • MrsBulldoggy .

      Normally, I would agree with you, however, there are a few of us that are paying attention. So, I do want these people to continue on their mission and maybe it will help some of us in the future. Those that aren’t paying attention deserve the fate they receive for being willfully ignorant. Sorry, I know that does sounds harsh, and it makes me an a**ho*e…

  • Catalin Oancea

    “14 But when ye shall see the abomination of desolation, spoken of by Daniel the prophet, standing where it ought not, (let him that readeth understand,) then let them that be in Judaea flee to the mountains:

    17 But woe to them that are with child, and to them that give suck in those days!
    18 And pray ye that your flight be not in the winter.” – Mark 13:14, 17-18

    Even if those words are addressed to them that are in Judaea and are relevant during the time line of the antichrist, they sure are resounding to the current situation. If they decide to celebrate their monster’s birthday by killing it close to the end of the year, most of the world will be in full winter and totally oblivious to it because they will be too busy preparing the presents for their Yule holiday and the champagne for New Year’s Eve. They will probably be mocking like they did back in 2012, after they were scared to death by their propaganda; scared because most of them weren’t prepared, like now.
    In case you are wondering why winter is so dangerous: the need of more food to properly function, the increased risk of hypothermia, broken bones due to falls, slowed reflexes, poor visibility, high risk of respiratory infections due to the weakened immune system…at least the bears pose no problem in the forests, unless you run into one suffering from insomnia.

    • GSOB

      ” (let him that readeth understand,) ”

      You are using the KJV ?

      • Catalin Oancea

        Yes, I believe it is truly inspired and preserved by God himself. I believe these modern versions are corrupt and take from the glory of God and are one reason for the coming falling away, which is already in full motion with things like contemplative praying, pseudoCCM, the ecumenical movement and other “wonderful” heresies.

        • GSOB

          What is CCM?

    • Gay Veteran

      bilge

  • Catalin Oancea

    I am glad to hear some people still have some sense in them in regards to the gathering together of the saints. Pseudo-Christians today are so deceived and filled by the spirit of apathy that they believe they will stand in front of their TVs watching ball games and *poof* heaven time. This Pretribulation Rapture as it’s called has caught on so well to these spoiled generations that they forgot the sufferings our brothers and sisters went through during the first centuries and up. Jesus Christ said:

    “…In the world ye shall have tribulation…” – John 16:33

    How many of you had any tribulation until now? Most of these western Pseudo-Christians consider tribulation if the espresso machine brakes during their morning routine or they run into too many red traffic lights. This Pretrib Rapture can be one of the main things that leads to the great falling away because most will just throw their Bibles out and blame God for not being magically whisked into a heaven version of their living room. For those that have been warned and still think otherwise, pathetic, for those that didn’t knew, pray for courage, deliverance and strength to endure until the end.

    “31 What shall we then say to these things? If God be for us, who can be against us?
    32 He that spared not his own Son, but delivered him up for us all, how shall he not with him also freely give us all things?” – Romans 8:31-32

    • GSOB

      ‘For everyone who has been born of God overcomes the world. And this is the victory that has overcome the world—our faith. Who is it that overcomes the world except the one who believes that Jesus is the Son of God?’

      - NT

      Amen

    • Thomas Brown

      Christianity started as an offshoot of pre-existing cults.

  • GoldenEagles

    Yes, this is a very bad picture. But Christ said “fear not”. In fact, he said that many times.

    Why did he pronounce this singularly unique admonishment so many times???

    It is because fear blinds the mind. When you are in the midst of a fear vibration you are as a blind man stumbling around in the dark. Your thoughts are woven out of the shadowy substance of fear, out of the imperatives associated with fear, not out of the radiance of the Light, and the imperatives associated with the Light.

    What did Christ teach as the antidote to fear? It is Love. What kind of love are we talking about here that can defeat fear? On the one hand, God’s Love coming in our direction, and on the other, the Love of God going in his direction, as in, Love the Lord thy God, with all of your heart, mind, and soul, and your neighbor as yourself.

    And so it is, as the Master promised, If your eye be single, your body will be full of light. And if your body be full of light, not only will you have no fear, you will be as a lamp that will show others the way.

    It is smart to take action to ensure your own survival in the coming conflagration. To Love God, and to know yourself as a Child of God, gives you a sense that there is something there worth saving, worth surviving, and so along this narrow beam of light, a path to safety in the short term is revealed. Those who can see, can give fair warning, and can point a path in the direction of safety.

    But what about the future? The future beyond short-term survival? What is to be done about making sure things like this don’t happen again? Why have things gotten so far out of control. If we don’t have the answer to that, we can never be sure things won’t get out of control again, even if we do survive. As it is written, fool me once, shame on you, fool me twice, shame on me.

    We need an answer to that question. Our minds need to be illuminated with a good solid understanding of the answer to that question. Why have things gotten so far out of control? And shouldn’t Christ help us along in the direction of find the answer? If we are pursuing the path of love, according to his commandments, to the best of our current ability, if we have some semblance of singleness of purpose along that line of victory, then surely, we should reap the promise of the presence of some amount of light in our bodies, in our heart, in our mind, in our soul, that will reveal the answer to this question, so that the same mistakes will not be made all over again.

    Why have things gotten so far out of control? My sense of the answer to this question, is that the nation, as a whole, abandoned, in a wholesale manner, back in 1962, a belief in the Relevance of God to the quality of the national life. Where Reverence for God predominates, and obedience to his laws are integrated into the nation’s way of life, God will fulfill his promises, and give to us every good and perfect thing. We will know peace, and prosperity.

    What we face today is cataclysm, and the article above points to it. We are in pit of economic chaos already, and the best economic minds of the nation say, “Dig On!”. They are digging the pit deeper, they are not throwing up any golden ladders upon which the nation can climb to safety.

    Yes, in 1962, the U.S. Supreme Court outlaw prayer in the public schools of America. This grotesque error in judgment had two fatal impacts upon the nation.

    First, because the institution of school prayer is an organic component of the immune system of our nation, the immune system of our nation shut down. Legions of angels are assigned to America for its protection, because America has a mission. But that protection must be invoked. These legions cannot lift a finger to help, unless the nation, in its collective mode, requests it. The 1962 ruling benched these Legions, and what have we seen, but all manner of infectious disease enter into the social order. The article above points to a great cancer that has a hold upon the very soul of America, and no one can figure out what to do, because the cancer cannot be seen, as it is present in the psychology of the nation now. And whatever is within the psychology, be it good or ill, pride will defend it as pure gold.

    If School Prayer had continued since 1962, the Angels of God, would have been present to thwart many, and perhaps most of the infection pathways. But they were not there.

    Second, according to this fundamental precept, “If you are not with me, you are against me.” The national government has programmed the minds of all subsequent generations with the idea that God is a dirty word, a destructive force, that cannot be allowed within the schools of our nation, where our pure and innocent children abide. There is a layer of Anti-God sentiment woven into the minds of the American people, that was not present in 1960. Generations have risen who believe it is wisdom to give God the cold shoulder. And where such a belief structure resides in the minds of the people, you have darkness, and uncertainty, you have fear, and you have no way to defeat it, as the mind is polarized against the Relevance of God himself.

    And look where we are today. The advocates of children who are confused about their gender identity, are demanding that they have access to the bathrooms of their choice in the public schools. Boys who want to be girls, are being given access to the girls bathrooms, as a matter of law. Where you don’t have the Good Sense of God in the public schools, you have the insanity of the anti-christ taking its place.

    God our Father and Mother, and their Holy Angels, Legions of Angels, assigned for the protection of America, could not do their jobs, no, not for fifty years, because of the banning of Prayer in the Public Schools in 1962.

    What the Federal Reserve is doing, as described above, is absolutely insane to any mind wherein the flickering light of common sense still lives. Yet, this insanity is the ruling force of our nation and it cannot be dislodged. Truly, it is like a millstone that has been thrown into the sea, and we are all chained to it, and we can only speak to the ever increasing gloominess of the passing scenery, indeed as we fall to the bottom of what has been referred to elsewhere as the bottomless pit, with no saving hand in sight to reverse our descent.

    But I say, there is a way out. I would thrown golden ladders up inside of this pit, and take a stand there, to encourage people to start climbing back up into the domain of common sense, and moral sanity. Become part of the movement that will restore prayer to the public schools now.

    How much darker does it need to get before people will finally realize, that there is only one way out, and that is within the palm of God’s Hand? Not standing in that palm as individuals, but as one nation.

  • George Smith

    In previous times, recessions have only taken a few months to maybe a year at most, and I was always able to get a job afterward if I was looking. Figured it’d be the same this time around. Well, I been waiting for five years now, and went back to school in the meantime.

    It hasn’t been this bad since my parents were kids during the Depression. It’s outside the experience of any of us baby boomers, and the younger generations.

    There isn’t to be any recovery this time, I’m convinced of that now. The next crash is gonna make 2008 look like a kid’s pizza party.

  • thetruthmaster1

    And the Average Joe Tax Payer will get the Bill for this Criminal Activity.

  • long john silver

    maybe the dollar will crash but only after the rest of the coins in the world. please take a look on other coins and compare them to the dollar to see which country is going to fall first.

    • Richard Cranium

      Wrong, other countries are purposefully keeping the value of their currency low which is best for exports. At the same time they are also monitizing US debt. China just announced they will no longer stockpile US dollars and let they Yuan appreciate. Other countries will eventually follow and find it’s best to let the dollar fall. Once they no longer monitize our debt, the Fed will be forced to severely increase the QE buying to keep the ponzi scheme going and bond market from crashing. How long? I expect fallout in the dollar by end of Obama’s term… 2016 at the latest.

  • A D

    Oboma is 100% Communist, he is going exactly has he said it was going to do. Why is everyone so shocked?

    • Sinbad2

      You have no idea what communism is.

  • Gene Baugh BBA

    I agree with much of what you say and enjoy zerohedge as well.
    The fact is people are trying to buy both our bonds and MBSs but the Fed is outbidding them.
    When the Fed backs out prices will fall and yields will go back up attracting more buyers,

    My point of contention with that fellow from Phoenix Capital Research is that we can not know how the economy would have behaved over the last five years without long term rate easing. I would wager hard earned money that things would be worse, All of those charts would show an even more dreadful result. We will never know so it can not be proved. It just makes common sense.

    The hysteria over credit easing is being fueled by people who do not know what they are talking about.
    The 85B is not what is lifting the stock market, It is the low return on bonds that is causing money to leave the bond market and rotate into stocks. And I might point out the bond market is much larger than the equity market.

  • GSOB

    I’m a Christian.

    I love to listen to and play music from Rush and Dream Theater, Yanni,
    The Electric Light Orchestra, LTE or
    (Liqiud Tension Experiment),
    Akira Jimbo,
    Rodney Crowell,
    The Police, ZZ-Top,
    Blue Oyster Cult,
    Sweet,
    Three Dog Night,
    The Beatles,
    The Guess Who,
    The Ventures,

    …………O…O…O…O…O…O…O…O…O

    … to name just a few…

    My all time favorite Christian music performers are
    Steve Green,
    PCD, Kim Hill,
    Haven,
    David & The Giants,
    Chris Rice,
    Gary Chapman,. ,,, to name some in that genre

    Micheal Smith,
    The Echoing Green,
    too.

    I like the NKJV and the NASV version of the Holy Scriptures but have a good size collection of different versions.

  • GSOB

    Thanks for your reply Catalin Oancea. You have replied as I had hoped.

    I will check out these links you have unselfishly provided me and get back to you, maybe.

    I will be seeking to understand your reason behind the statement you have made about me.

    Was it based on some secular music I listed that you have not valued playing and listening too? Do not taste, do not handle, do not touch? If I have offened you, I apologize.

    “by what you’ve listed above, you have proven me that you are very deceived about spiritual matters and don’t take your Christian life seriously.”

    Just don’t ask me to make the KJV my favorite bible version… OK?

    I think in this matter, you are at least biased to a particular set of professing Christians.

    • Catalin Oancea

      You are not offending me because you are actually offending God by your words. I don’t go with the flow because it’s cool or against it because it’s hip. God nurtured me into this thinking and he made me feel death by letting me “enjoy” this world.

      You think I’ve judged you only because you’ve listed to me those bible versions; this to me shows your bias, maybe because you feel that a different stance will offend your peers (just saying). That was only the confirmation I’ve needed to see that you care more what this world has to say than God. The way you answered to my statement about drums and all the bands you’ve listed convinced me, the bible versions just confirmed my thoughts. Furthermore, by your statements above, you try to justify your sins and turn the argument against me. This is a classical guilty thinking pattern, where someone turns the reproof against himself because he is trying to justify his actions or thoughts. You are not actually aware of it, your conscience is condemning you and your heart is deceiving you because you listen to it more.

      Don’t let yourself become indoctrinated by your pastors and teachers, talk to God and see what He has to say. While I read the Bible, I encounter things I don’t understand; I had the wrong attitude about this and went to my online websites to look for meaning. Then I realized that I wasn’t trusting God to guide me in my thinking and I was resorting to man’s explanations and logic. I stopped it. Now if I encounter something I don’t understand, I just let it go and wait on Him. He has explained almost everything I wondered about until now. Those that He didn’t, it’s because I am not yet ready to receive them.

      I keep seeing this obsession with Christians about works salvation and the verse that pops in my mind is this:

      “But wilt thou know, O vain man, that faith without works is dead?” – James 2:20

      You know what James is saying here? And don’t answer me by that warped “it’s the tribulation salvation based on works” doctrine. He is portraying a very powerful truth. I can say I am the president in my country. Do you believe me? How can you believe me if you only hear my words, yet my actions show the contrary? This is the opposite of the pharisaical dead on the inside, righteous on the outside. You may have been quickened by the Spirit, but you aren’t letting yourself be guided by the Spirit.

      “For as many as are led by the Spirit of God, they are the sons of God.” – Romans 8:14

      You think you can worship God and still live in the world?

      “Love not the world, neither the things that are in the world. If any man love the world, the love of the Father is not in him.” – 1 John 2:15

      The fact that I answered to you should show you that I care about you enough to actually say these things. I could have just said “Heretic!” and there was the end of our conversation. If you want to continue talking to me, I would prefer through e-mail or some other means rather than through this platform.

      • GSOB

        Thanks for your response to me my brother Catalin.

        What makes us brothers is the life we have received from God.

        That life works in us to transform us into the image of Jesus Christ.

        All Christians are on the road to recovery and then some….. but we are at different places in our stage of transformation. One day, we will both be perfect as He is…..

        It’s a matter of the heart
        and to be sectarian, such as you,…..
        is just an index into your hearts’ progress in the things of God.

        Thanks for your KJV quotes. Perhaps we will reflect on this together in the New Jerusalem in it’s fullest manifestation?

        Expand your borders….

        • Catalin Oancea

          You are no brother to me, you self-righteous hypocrite. Most likely you are one of those people that look down upon others for being the wretched sinners that they are, yet you place yourself on a piedestal and thank God you are not like them:

          “The Pharisee stood and prayed thus with himself, God, I thank thee, that I am not as other men are, extortioners, unjust, adulterers, or even as this publican.” – Luke 18:11

          The Pharisees are still amongst us even to this day, full of evil, death and hypocrisy. People like you are appalling and disgusting; no wonder the atheits are mocking the true faith with every chance they’ve got when they see the filth you displayed here in all those that lightly call themselves Christians. The only thing these “Christians” care about is their own opinion, waiting their turn to speak and not caring what others or even God and the Bible are saying.
          You deliberately started this discussion to insult me, hidding behind your false interest into the things of God; and you call yourself a Christian. You are just part of the growing pseudoChristian movement, deceived fools who flock to men and swallow up their lies and then have the gall to look down upon others.

          • GSOB

            …are you not carnal and behaving like mere men?

            4
            For when one says, “I am of Paul,” and another, “I am of Apollos,” are you not carnal?

      • GSOB

        Take a bath you hippie

      • Thomas Brown

        You are one of those people, aren’t you?

  • GSOB

    Been there, done that.

  • Kenneth Lou

    Tell me how this can possible continue by replacing their unsustainable, perpetual debt machine with Value Based IVAMU Currency?
    ( http://www.IVAMU.com/ )
    What the FED is doing is DESTROYING the Value of Savings, and all retirement “money.”
    In fact, they have already destroyed it. It is simply a matter of time until everybody knows it.

  • Younis Mourabi

    How is this QE legal? I hope its authors and public supporters have their ‘get out of jail free’ cards ready. When this bubble pops, folks are going to be looking to hold people accountable.

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