65 signs of impending and on-going economic collapse

[Apollonian]

Just Open Up Your Eyes And Look – 65 Signs That The Economic Collapse Is Already Happening​

Link: http://www.infowars.com/just-open-u...t-the-economic-collapse-is-already-happening/


Michael Snyder
The Economic Collapse
August 1, 2012

Do you want to know when the “economic collapse” is going to happen? Just open up your eyes and take a look. The “economic collapse” is already happening all around us.

So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time speculating about exactly when it will happen. But as I have written about before, the economic collapse is not a single event. The economic collapse has been happening, it is happening right now, and it will be getting a lot worse. Yes, there will be moments of great crisis. We saw one of those “waves” back in 2008 and another “wave” is rapidly approaching. But all of the waves are part of a process that is continually unfolding. Over the past 40 years, the United States and Europe have piled up the greatest mountain of debt in the history of the world, and now a tremendous amount of pain is heading our way. Economic conditions in the United States and Europe have already deteriorated badly and they are going to continue to deteriorate. Nothing is going to stop what is coming.

But many people are still in denial about our economic decline. Some people still believe that everything is going to be just fine. Way too often I get comments on my site that go something like this….

“I just don’t know what you are talking about. Where I live everything is just fine. The malls are packed, the restaurants are full and everybody I know is going on vacation this summer. Personally, I am doing great. I just bought a 60 inch television and a new boat. Every year all the ‘doom and gloom’ types such as yourself proclaim that an economic collapse is right around the corner but it never happens. And you know what? It is not going to happen. Those in charge know what they are doing and America has the greatest economy on earth. We have overcome challenges before and we will be able to handle whatever comes this time. Your lack of faith in America and in the American people astounds me. Everything is going to be just fine, so why don’t you just *************************************.”

You get the idea.

I definitely understand that most Americans are terribly self-involved these days, but when I read comments like this I am once again amazed at just how delusional some people can be.

Why can’t people just open their eyes and look at the evidence of economic collapse that is all around us?

Yes, there are wealthy enclaves all over the country where things may seem better than ever, but that is not the reality for most Americans.

All over the country, our infrastructure is in shambles.

All over the country, our once proud cities are being transformed into hellholes.

All over the country, formerly middle class families are living in their cars.

There are dozens and dozens of economic statistics that clearly show that we are in the midst of a long-term economic decline. I have listed 65 of them below, but I could have easily doubled or tripled the size of the list.

I simply do not understand how anyone can believe that things are “great” or that the U.S. economy is going to be “just fine”.

We are living through a complete and total economic nightmare, and hopefully we can get more Americans to wake up from their entertainment-induced comas so that they can begin to understand exactly what is happening to this country.

The following are 65 signs that the economic collapse is already happening all around us….

1. Since Barack Obama entered the White House, the number of long-term unemployed Americans has doubled from 2.7 million to 5.4 million.

2. The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

3. The unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of all unemployed Americans have been out of work for at least half a year.

4. Unemployment in the eurozone has hit another brand new record high. It is now sitting at 11.2 percent. It has risen for 14 months in a row.

5. The U.S. economy lost more than 220,000 small businesses during the recent recession.

6. The percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.

7. Overall, the number of “new entrepreneurs and business owners” dropped by a staggering 53 percent between 1977 and 2010.

8. The unemployment rate in Spain is now up to 24.6 percent.

9. Morgan Stanley is projecting that the unemployment rate in Greece will exceed 25 percent in 2013.

10. Since Barack Obama became president, the price of a gallon of gasoline has risen from $1.85 to $3.49.

11. The average American household spent approximately $4,155 on gasoline during 2011, and electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.

12. About three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

13. While Barack Obama has been in the White House, home values in the United States have declined by 12 percent.

14. According to AARP, 600,000 American homeowners that are 50 years of age or older are currently in foreclosure.

15. Right now there are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.

16. According to Gallup, the current level of homeownership in the United States is the lowest that they have ever measured.

17. Federal housing assistance increased by a whopping 42 percent between 2006 and 2010.

18. In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

19. All around us our cities are crumbling. According to the American Society of Civil Engineers, 2.2 trillion dollars is needed just to repair critical infrastructure in the United States.

20. The unemployment rate in New York City is now back up to 10 percent. That equals the peak unemployment rate in New York City during the last recession.

21. Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.

22. The U.S. Postal Service is about to default on a 5.5 billion dollar payment for future retiree health benefits.

23. According to Graham Summers, “when we account for all the backdoor schemes Germany has engaged in to prop up the EU, Germany’s REAL Debt to GDP is closer to 300%.”

24. According to the Federal Reserve, the median net worth of families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.

25. The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990.

26. The United States has lost more than 56,000 manufacturing facilities since 2001.

27. During 2010 alone, an average of 23 manufacturing facilities permanently shut down in the United States every single day.

28. The U.S. government says that the number of Americans “not in the labor force” rose by 17.9 million between 2000 and 2011. During the entire decade of the 1980s, the number of Americans “not in the labor force” rose by only 1.7 million.

29. Eight million Americans have “left the labor force” since the recession supposedly ended. If those Americans were added back into the unemployment figures, the unemployment rate would be somewhere up around 12 percent.

30. Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

31. At this point, one out of every four American workers has a job that pays $10 an hour or less. If that sounds like a high figure, that is because it is. Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

32. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

33. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

34. In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.

35. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.

36. Medicare spending increased by 138 percent between 1999 and 2010.

37. Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars. That comes to$328,404 for each and every household in the United States.

38. Back in 1990, the federal government accounted for 32 percent of all health care spending in America. Today, that figure is up to 45 percent and it is projected to surpass 50 percent very shortly.

39. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

40. Since 2008, the U.S. economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security’s disability insurance program.

41. Since Barack Obama entered the White House, the number of Americans living in poverty has risen by 6.4 million.

42. The number of Americans on food stamps has risen from 32 million to 46 million since Barack Obama became president.

43. Right now the poverty rate for children living in the United States is 22 percent, and approximately one-fourth of all American children are enrolled in the food stamp program at this point.

44. The number of children living in poverty in the state of California has increased by 30 percent since 2007.

45. Child homelessness in the United States has risen by 33 percent since 2007.

46. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.

47. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

48. According to the U.S. Census Bureau, the percentage of Americans living in “extreme poverty” is now sitting at an all-time high.

49. In the United States today, somewhere around 100 million Americans are considered to be either “poor” or “near poor”.

50. It is now being projected that about half of all American adults will spend at least some time living below the poverty line before they turn 65.

51. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

52. Total consumer debt in the United States has risen by 1700 percent since 1971.

53. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

54. According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

55. In 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for ever dollar that they earned. Today, the bottom 95 percent of all income earners in the United States have $1.48 of debt for every dollar that they earn.

56. The United States was once ranked #1 in the world in GDP per capita. Today we have slipped to #12.

57. According to the U.S. Census Bureau, 49 percent of all Americans live in a home where at least one person receives benefits from the federal government. Back in 1983, that number was below 30 percent.

58. Incredibly, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

59. Today there are approximately 25 million American adults that are living with their parents.

60. The U.S. dollar has lost more than 96 percent of its value since 1900. You can thank the Federal Reserve system for that.

61. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

62. Overall, the U.S. national debt has grown by nearly 10 trillion dollars over the past decade.

63. The U.S. national debt is now more than 22 times larger than it was when Jimmy Carter became president.

64. 40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars. Today it is nearly 55 trillion dollars.

65. As Financial Armageddon recently point out, so many homeless people are pooping on the escalators at San Francisco’s Civic Center Station at night that the escalators are breaking down and repair teams have been called in to clean up the mess. As the economy gets even worse, will scenes like this start playing out in all of our cities?





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[Unregistered]

The only question now remaining isn't 'If', but 'When' it happens.
I personally think there's 3 main scenarios for collapse.

1) Total uncontrolled collapse in a matter of days or even hours. This is the least likely, imho.

2) Collapse begins, then the money, share and futures markets are ordered shut by federal order. This has happened before during previous glitches, the idea is to give the financiers time to think about what they're doing.
But they'll know that there won't be any stopping this one. They'll also know that if the full story came out, the people would panic, stockpile food, arms etc. So I think we'd see at least temporary censorship. That way people will think its just a temporary glitch, keep going to work, keep paying their taxes etc.
It wouldn't surprise me if the powers that be use the chance to quietly stop gun and ammunition sales, get troops into place to quell disorder, etc.
Then when it can't be avoided any longer, collapse occurs. But the powers that be will have had time to protect themselves, while the little people have to take it and suffer.

3) As before, but with a nasty twist.
The collapse is entirely stage-managed by the powers that be, its kept slow and step by step, with more and more restrictions brought in 'for necessity'; credit cards stopped, gun sales stopped, food sales restricted, etc.
But of course, the 'temporary' restrictions will never be withdrawn.
They'll have brought about their perfect socialist state, with no middle class, no possibility of uprising, censored press, armed police everywhere, everyone working just to eat and nothing more.

 

[Apollonian]

I go for # 3, above, and note Bernanke is already shopping QE 3, keeping int. rates artificially low.

Of course, things begin going seriously bad when we see out-right HYPER-inflation which seems to be beginning already.

Meantime, we're being involved in ever-more wars, Syria being latest disaster created by the COUNTERFEIT powers of US Federal Reserve Bank.

Another false-flag or two will be sufficient to move into martial law.

People need to come together--as by means of Christianity, and the trick will be to divest Christianity of the Jew influence.

Oligarchs hold all the cards otherwise, but "there is no honor among thieves," and we'll need falling-out among these powers if we're to hope to survive.

Otherwise, things aren't going so well for powers: evermore people understand the vaccines are poisoned--same for the GMO foods, the chem-trail seeding of atmosphere. And folks seem to grasp the latest false-flag (shootings in Aurora Colo.) is very fishy.

 

[Smedley Butler]

Friday’s Jobs Report: More Lies From “our” Big Brother
By Paul Craig Roberts on August 4, 2012 at 1:53am

In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: “The July employment and unemployment numbers published today, August 3rd, were worthless and likely misleading.”

I will spare the readers an explanation of Williams’ account of the manipulation that is occurring as it is too arcane for the general reader.

Instead, Let’s just apply common sense. According to the BLS, there were 163,000 new nonfarm payroll jobs created in July. This figure is about 13,000 more jobs than is needed to keep pace with population growth. Therefore, the unemployment rate should have declined fractionally. Instead, the unemployment rate (U3) rose from 8.2% in June to 8.3% in July.

In case you missed the point, new jobs, a net figure, rose and so did the unemployment rate!

Moreover, the alternative, but much less reported, jobs report from the Household Survey found that the economy lost 195,000 jobs in July.

The government that lies to you about weapons of mass destruction in Iraq, about Iraq’s al Qaeda connections, about the Taliban in Afghanistan, about Osama bin Laden, about Libya and Gadhafi, about Iranian nukes, about Syria, about Pakistan, about Yemen and Somalia, about Bradley Manning, about Julian Assange and Wikileaks, indeed about everything under the sun, also lies to you about jobs, unemployment, economic recovery, GDP growth, 9/11, the “terrorist threat,” everything. Try to find anything that the government has said over the past 6 presidential terms that is not a lie.

Other than some minor insignificant detail, “your” government has been consistently lying to you about everything of importance.

“Your” government lies to you, because “your” government has an agenda that it most certainly will not tell you about, because if you knew what it is, you would revolt. Putting down the revolt would divert the government from its agenda. It would also alert the rest of the world to the fact that the US government has an undeclared agenda of world domination, despite the costs to the American people and every other people. World War III looms.

Nuclear annihilation is the necessary outcome of the neoconservatives’ drive for US world hegemony. Syria can fall, and Iran can fall, but Russia and China are unlikely to accept their reduction to puppet state status. As both are nuclear armed and as the crazed criminals in charge of the US government are wallowing in hubris, nuclear war seems inevitable.

The world’s most mortal enemy is Washington. If Washington prevails, the world will be dead or in slavery to Washington, including all american subjects, whether Democrats or Republicans.

Don’t let it ever be said that your enemy, whatever your country, has not been identified.

Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan’s first term. His home page ispaulcraigroberts.org.

He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider's Account of Policymaking in Washington; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow’sForbes Magazine interview with Roberts about the epidemic of prosecutorial misconduct.

 

[Apollonian]

8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer​

Link: http://www.infowars.com/8-economic-...talking-about-at-the-beginning-of-the-summer/

The Economic Collapse
August 23, 2012

In the crazy times in which we live, it helps to expect the unexpected. Sometimes you can think that you have it all figured out and then this world can throw a real curveball at you.


Very few people anticipated that we would see a massive outbreak of the West Nile Virus in Texas this year or that the Mississippi River would be in danger of drying up after experiencing historic flooding last year. Who would have thought that we would see the worst drought in more than 50 years or that horrific wildfires would burn nearly 7 million acres of land? This is why economic conditions are always so hard to predict. A single “black swan event” can come along and change everything almost overnight. Our world has become incredibly unstable, and so who really knows what the rest of 2012 will bring? Will we see a stock market crash? Will the hurricane season be unusually bad? Will war erupt in the Middle East? Will we see a major earthquake on the west coast or even a volcanic eruption? Will the upcoming election cause an eruption of anger and frustration in America? We don’t know the answers to those questions yet, and the truth is that we will probably see some things happen that very few of us are anticipating at this point.

This is an exciting time to be a “news junkie”, but unfortunately the vast majority of the news these days is bad.

It is almost as if a “perfect storm” is developing. Our weather is going crazy, our financial system is on the verge of collapse, our politicians seem more insane than ever, there is evidence of social decay all around us and the drumbeats of war in the Middle East grow louder with each passing day.

As strange as 2012 has been so far, I fear that things are about to get a whole lot stranger.

Not that we haven’t had some very unanticipated events happen this year up to this point.

The following are 8 economic threats that we were not even talking about at the beginning of the summer….

#1 West Nile Virus

What is up with all of the strange disease outbreaks that we have seen so far this year?

Flesh eating disease and the bird flu have both been making global headlines this summer, but in the U.S. right now it is the West Nile Virus that is getting the most attention.

So far more than 1,100 cases of the West Nile Virus have been diagnosed in the United States and more than 41 people have died from it.

More than half of the cases so far have been in Texas, but we have also seen people come down with West Nile Virus in Mississippi, Louisiana, South Dakota, and Oklahoma.

If you live in any of those areas, you might want to do your best to avoid mosquitos for the rest of the summer.

#2 Historic Drought

This summer, the United States has experienced the worst drought that it has seen in more than 50 years.

This weather has been absolutely crippling for farmers and ranchers all over the nation. As I wrote about the other day, about half of all corn being grown in the U.S. is currently either in “poor” or “very poor” condition.

As the drought has dragged on, many farmers and ranchers have become increasingly desperate. In fact, one farmer has even been feeding his cows candy in an attempt to deal with rising feed prices.

Needless to say, this drought has been causing commodity prices to soar.

On Tuesday, the price of corn closed at a record $8.38 a bushel, and the price of soybeans closed at $17.30 a bushel.

#3 The Mississippi River Is Drying Up

Thanks to this drought, rivers and lakes all over the United States are drying up. In fact, there have been reports thatmillions of fish have been dying because water levels have gotten so low in many areas.

Even the mighty Mississippi River has dropped to dangerously low levels.

At this point, the Mississippi is lower than most people living along the river can ever remember. If it drops much lower, it could potentially have an absolutely devastating impact on the U.S. economy.

A recent NBC News report described what is at stake….


About $180 billion worth of goods move up and down the river on barges, 500 million tons of the basic ingredients for much of the U.S. economy, according to the American Waterways Operators, a trade group. It carries 60 percent of the nation’s grain, 22 percent of the oil and gas and 20 percent of the coal, according to American Waterways Operators. It would take 60 trailer trucks to carry the cargo in just one barge, 144 18-wheeler tankers to carry the oil and gas in one petroleum barge.

If all traffic along the Mississippi was forced to stop, it is estimated that it would cost the U.S. economy about 300 million dollars a day.

And already there have been stoppages along one 11 mile stretch of the river….


Nearly 100 boats and barges were waiting for passage Monday along an 11-mile stretch of the Mississippi River that has been closed because of low water levels, the U.S. Coast Guard said. New Orleans-based Coast Guard spokesman Ryan Tippets said the stretch of river near Greenville, Miss., has been closed intermittently since Aug. 11, when a vessel ran aground.

So what happens if the Mississippi gets even lower?

#4 Wildfires

The extreme heat has also been responsible for the horrific outbreak of wildfires that we have seen in the western United States this year.

So far in 2012, nearly 7 million acres have been burned up.

That is an area about as big as the states of Maryland and Delaware combined.

#5 The Global Elite Hoarding Gold

In the past, the global elite and the mainstream media would mock those who are hoarding gold in anticipation of a major financial collapse.

But now it is the global elite who are hoarding gold.

In a previous article, I discussed how men such as George Soros and John Paulson are investing mind-boggling amounts of money in gold right now. The amount of money that these two individuals are investing in gold is difficult to comprehend….


There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).

Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.

At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.

Combined, Soros and Paulson dumped more than three quarters of a billion dollars into gold during the second quarter of 2012 alone.

So what are they anticipating?

The central banks of the world have been very busy hoarding gold as well. According to the World Gold Council, global central banks were net buyers of 157.5 metric tons of gold during the second quarter of 2012.

Over the past 20 years there has never been a time when global central banks have accumulated that much gold during a single quarter.

So just what in the world is going on?

#6 Recession In The UK

Everyone knew that Greece was in deep trouble.

And everyone knew that Italy and Spain were in deep trouble.

But it was a surprise to see the UK economy plunge deep into recession. During the second quarter of 2012 alone, the UK economy shrunk by 0.7 percent.

At this point the British economy has contracted for three quarters in a row.

Hopefully things will not get even worse over there.

#7 Major Economic Slowdown In The United States

Considering the fact that the U.S. economy never even came close to recovering from the last recession, it is a bit disheartening to see that it looks like we are headed for another major downturn.

According to Michael Panzer of Financial Armageddon, measurements of economic activity compiled by the Federal Reserve Bank of Philadelphia indicate that the U.S. economy is rapidly heading into another recession. If you doubt this, just check out this chart.

And for a lot more reasons why the U.S. economy is entering another recession, check out this article.

#8 Hauled Off To A Mental Institution For What You Believe

Do you ever worry that what you post on Facebook could get you involuntarily committed to a mental institution?

Well, that is exactly what happened to one military vet recently.

A former Marine named Brandon Raub was hauled off to a mental institution because of what he posted on his Facebook page.

This is how the Economic Policy Journal summarized what happened to Raub….


The muscle used to grab Brandon Raub was local Chesterfield County, VA police. Also present during the grab were agents of the FBI and of the Secret Service.

Both the FBI and the Secret Service claim that they were only observing and not participating in the grab. The Chesterfield County police initially stated that they were only carrying out a request from the federal agencies.

The police also claim Raub is not under arrest, even though he was led away in handcuffs and is not permitted to leave the psychiatric ward of a hospital—even though it appears that Raub is not in any way in need of psychological care.

I note this happened in the United States of America, with local police, FBI agents and Secret Service taking part.

The claim that Raub is “not under arrest” is completely and totally ridiculous. The authorities came to his door, slapped handcuffs on him and are holding him in a mental institution against his will.

And now he has been transferred to a facility that is 3 hours away from his family, his supporters and his legal team.

What in the world is America turning into?

The Rutherford Institute is defending Raub, and the following is an excerpt from a statement about this case on their website….


“This is not how justice in America is supposed to work—with Americans being arrested for doing nothing more than exercising their First Amendment rights, forced to undergo psychological evaluations, detained against their will and isolated from their family, friends and attorneys. This is a scary new chapter in our history,” said John W. Whitehead, president of The Rutherford Institute. “Brandon Raub is no different from the majority of Americans who use their private Facebook pages to post a variety of content, ranging from song lyrics and political hyperbole to trash talking their neighbors, friends and government leaders.”

This is the kind of thing that we have seen under brutal totalitarian regimes in the past. Dissidents are grabbed by authorities and taken to mental institutions where they are conveniently “disappeared”.

This kind of thing is not supposed to happen in America.

But it is happening.

And you know what? Before the authorities start attacking people for exercising free speech on Facebook perhaps they should clean up their own house.

It turns out that thousands of DHS employees have been convicted of crimes in recent years. The following is from a recent CNS News article….


There have been 2,527 Department of Homeland Security (DHS) employees and co-conspirators convicted of corruption and other criminal misconduct since 2004, according to a federal auditor.

Our world is becoming a very crazy place.

One thing that most people did see coming this summer was the continuing economic decline in Greece.

At this point Greece is experiencing a full-blown economic depression and it gets worse by the day.

If you can believe it, 1,250 companies have shut down in the second largest city in Greece in 2012 alone.

Ouch.

And many in the financial world believe the the situation in Greece is going to go beyond the breaking point fairly soon.

In fact, analysts at Citibank believe that there is a 90 percent chance that Greece will leave the euro over the next 12 to 18 months.

90 percent?

They sound pretty sure of themselves.

Not that the rest of Europe is in such great shape either.

According to Bloomberg, it looks like Europe will soon be losing about half a million auto industry jobs….


Efforts by PSA Peugeot Citroen (UG) and Fiat SpA (F) to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grapple with the effects of the European sovereign debt crisis.

We live in very unusual times.

Things are falling apart all around us and we seem to be rapidly approaching another major economic crisis.

Central banks, governments and Wall Street insiders all seem to be preparing for the worst.

Are you?



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[Jeronimus]

3) As before, but with a nasty twist.
The collapse is entirely stage-managed by the powers that be, its kept slow and step by step, with more and more restrictions brought in 'for necessity'; credit cards stopped, gun sales stopped, food sales restricted, etc.
But of course, the 'temporary' restrictions will never be withdrawn.
They'll have brought about their perfect socialist state, with no middle class, no possibility of uprising, censored press, armed police everywhere, everyone working just to eat and nothing more.

I was a Russian major in college and lived in Russia in 1995 after the collapse, and I can tell you, they won't get their perfect socialist state -- just the opposite in fact. Americans will have to grow their own food, brew/distill their own booze, grow their own tobacco for the smokers.

The State won't be able to enforce diversity/multiculturalism on us because it will be a struggle just for it to answer the telephone. We'll be able to practice our Whiteness in peace. We'll have other problems of course, but we'll be able to segregate ourselves and raise our children to be White and Proud.

 

[Apollonian]

I was a Russian major in college and lived in Russia in 1995 after the collapse, and I can tell you, they won't get their perfect socialist state -- just the opposite in fact. Americans will have to grow their own food, brew/distill their own booze, grow their own tobacco for the smokers.

The State won't be able to enforce diversity/multiculturalism on us because it will be a struggle just for it to answer the telephone. We'll be able to practice our Whiteness in peace. We'll have other problems of course, but we'll be able to segregate ourselves and raise our children to be White and Proud.

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Yes, Jeronimus, I follow u, but here in Jew S A, we seem to be following a different path--though it may well arrive at the Russian stage soon enough. Observe Jew world order is killing us steadily in slow-kill fashion, w. poisoned fluoridated water (a), (b) poisoned vaccines, (c) poisoned foods (apartame and other additives) and GMOs, (d) prescription drugs that are deadly, and now we learn about "chem-trails" whence the gov. is seeding the atmosphere w. poisonous aluminum, barium, and other metallic particulates (see below vid).

Note further, by exploding a single nuclear device just a hundred miles or so above the earth they can produce an EMP (electro-magnetic pulse) event over a wide area which will destroy all the above-ground electronic circuitry--at least those which are active w. working electricity, at any rate.

Destruction of the electrical system will then trigger numerous (even hundreds) of nuclear reactor melt-downs which are dependent upon electrical motors for the cooling systems--this was why/how the Fukushima reactors melted-down--their electrical cooling systems went down--very simple, eh?

So we have much--very much--to be worried or concerned about. Note ObamaCare = DEATH panels--this is admitted and verified. They're out to genocide the world's population--and they're SERIOUS about this. Take care. A.