 |
|
|
|||
 |
|||
|
|
|||
|
|
|||
|
|
|
||
|
|
|||
|
|
|
||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
 |
|||
|
|
|||
|
|||
|
|
|||
|
|||
|
|
|||
|
The global economy is at the point of maximum danger
- Text size
Ambrose Evans- Pritchard
Telegraph
July 21, 2008
 |
|
|
|
|
It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.
The International Monetary Fund has abdicated into schizophrenia. It has upgraded its 2008 world forecast from 3.7pc to 4.1pc growth, whilst warning of a “chance of a global recession”. Plainly, the IMF cannot or will not offer any useful insights.
Its “mean-reversion” model misses the entire point of this crisis, which is that central banks have pushed debt to fatal levels by holding interest too low for a generation, and now the chickens have come home to roost. True “mean-reversion” would imply debt deflation on such a scale that would, if abrupt, threaten democracy.
|
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
July 21st, 2008 at 2:30 pm
The Corporation of the US has been bankrupt since 1933. HJR 192 was the result, as was the worthless Federal Reserve Note. So, now the truth is comming out that no one has any MONEY, duh, everyone has been living on credit few, if any debts have ever been paid, yet the world still turns.
I know it is painful to realize you have no money (unless you have gold and silver cions) but stop all the crying. Learn what REMEDY congress provided, and the real reason for the IRS. File a proper “tax return” and get all your credit back. The truth can set you free from fear of loss, depression and hate all over worthless pieces of green paper.
July 21st, 2008 at 2:45 pm
“3.7pc to 4.1pc growth, whilst warning of a ‘chance of a global recession’”
More, unleveraged loans and the movement of extra, fiat currency IS growth to a Keynesian economy AND, it is a recession in terms of durable commodities.
IMHO, they’re predicting crushing inflation.
July 21st, 2008 at 2:51 pm
Very true, Freecell. There are a few commercial papers out there that can benefit a few as well. It’s amazing what commerce has achieved with paper and blue ink. It’s nuts. Knowing the truth seems to just draw the solutions to you. Right?
July 21st, 2008 at 3:59 pm
Apparently Lindsey Williams was on a radio show this morning stating that oil may go down to $50 dollars per barrel. I believe the caller said he was on the Dr. Stanley Monteith show. The caller said they are going to say the found a new oil discovery that will cause this. Did anyone hear this interview? This interview was this morning I guess.
July 21st, 2008 at 4:01 pm
I think the powers that be have fine-tuned the illusion to the point where a collapse, or not a collapse will happen in the minds of world citizens. They are balancing the psychology.
July 21st, 2008 at 4:40 pm
The dollar is worthless. The proof is in the price of gas. Of course, the truth is not that gas prices have gone up or that we are running out of the precious fluid but rather that they have devalued our currency with this corrupt federal reserve system. Invest in JESUS people. Read your bible. This is only the beginning of what is to come.
July 21st, 2008 at 5:36 pm
AND SO WHAT? WHAT ARE YOU GOING TO DO? START A BLOG? OH MY, HE STARTED A BLOG. OH MY HE POSTED A WEBSITE. YOU PEONS, YOU INFOIDIOTS ARE DOING NOTHING. YOU DON’T DESERVE FREEDOM. YOU ALL DESERVE A CAMP.
July 21st, 2008 at 5:50 pm
“Hold on, my friends, to the Constitution and to the Republic for which it stands. Miracles do not cluster, and what has happened once in 6000 years, may not happen again. Hold on to the Constitution, for if the American Constitution should fail, there will be anarchy throughout the world.”
Daniel Webster
July 21st, 2008 at 5:56 pm
Jasmine well said!!!!!!!!!!!!!!
July 21st, 2008 at 6:10 pm
Jasmine – your the idiot – Infowars is giving YOU the information so YOU can do something about it skank – its people like you that don’t deserve freedom – because your just plain ignorant.
July 21st, 2008 at 6:35 pm
if the dollar is so worthless, i am very curious what currency you are usiny to buy food, gas and pay your bill’s?
July 21st, 2008 at 6:37 pm
The answer is to eliminate revise Title 12 USC by first eliminating the Federal Reserve system, and enact JFK’s June 4th, 1963 Executiv Order, E.O. #11110. And Jasmine, you need to visit Aushwitz or a former Siberian Gulag, and then perhaps you’ll not think an interment camp isn’t so great.
–L.E.D.J.
July 21st, 2008 at 6:38 pm
The answer is to eliminate revise Title 12 USC by first eliminating the Federal Reserve system, and enact JFK’s June 4th, 1963 Executiv Order, E.O. #11110. And Jasmine, you need to visit Aushwitz or a former Siberian Gulag, and then perhaps you’ll think an interment camp isn’t so great.
–L.E.D.J.
July 21st, 2008 at 6:43 pm
Jasmine is an infoskank… lol
July 21st, 2008 at 6:47 pm
Jasmine just volunteered to be the first moron to go to a concentration camp or be executed by her leaders. Congrats, you idiot.
July 21st, 2008 at 7:14 pm
I started a blog. I’m active on YouTube and Daily KOS to spread the truth. I wish I could do more, but I don’t have the means to do more. An idea is bullet proof. Spreading the idea is the bullet.
July 21st, 2008 at 7:24 pm
“Now all these are the beginnings of sorrows” (Mt 24:8).
The warning foretold by Jesus started with the Tsunami in 2004.
On the Social/Geo-Political/Economic side:
The present world recession of 2008 is leading to a world depression.
The depression spreads rapidly to regions in the ‘developed nations.’
The depression will cause bank foreclosures and bank closures.
The world depression will degenerate into the dreaded ‘Great Tribulation.’
Accelerated global conflicts with ‘alliances’ of governments and alienation.
Conflicts escalating until all of the Muslim forces are in place.
On the religious side:
The disrespect for God and for His Word is universal.
Over 1,000 different Christian churches, each calling themselves ‘Christian.’
The people of Christendom are defenseless.
The churches of so-called ‘Christendom’ have all abdicated their responsibility to serve God.
The false ‘religion’ of Islam, a monotheistic cult, denies the existence of the Holy Trinity.
This Muslim militaristic religion is ready with it’s army of 200 million to invade the earth.
There is one event which is stopping the final battle, and that is Israel.
The reclaiming of the Ark is a pivotal event in the times of the end.
This event is known as the ‘third woe, and the seventh trumpet.’
This event heralds the onslaught of the Great Tribulation in global terms.
The 400 mile (700 kilometers) wall protecting Israel will be collapsed.
The Golden Dome, and the Mosque and the ‘Wailing wall,’ will also be collapsed.
The hostile nation of Islam, and the ‘Unholy Alliance’ will invade Israel.
The Lord will utterly destroy the Muslims and the Unholy Alliance.
Finally, the Kingdom of God, will be returned to Him by Christ Jesus.
“In the good day enjoy good things, and beware beforehand of the evil day, for God has made both the one and the other” (Ec 7:15).
July 21st, 2008 at 7:47 pm
With all do respect Jasmine. But its websites like this that inspire people to become great leaders and do “GOOD” for humanity. In case you haven’t looked around you, people are having their cars taken from them, the houses that their parents and grandparents built seized and their loved ones killed without a justifiable reason. Not one person here has any ill will toward America and we love what little freedom we have left in this country; so much so that we are fighting to hold on to it any way we can.
Now you can continue throwing ignorant remarks around and accomplish nothing but wasting time. Or you can take the time to actually read some articles and compare them to the world around you. The world might start to make a little more sense if you did.
July 21st, 2008 at 11:00 pm
Jasmine,aka,Anna,EVEN SATAN DOESN’T GIVE A s--- ABOUT YOU. EVEN THE VERY ELECT WILL BE DECEIVED. IF YOU CANNOT LEARN FROM HISTORY,YOU WILL BE CONDEMNED TO REPEAT IT.SOME PEOPLE JUST DON’T GET IT,IT’S SO PATHETIC!!!
July 22nd, 2008 at 1:00 am
It’s really sad that people just don’t wan’t to hear the truth, believe the truth, have anything to do with the truth…they live in this altered state of reality, pretending things will go away if you ignore them…yet they come on here and talk crap about those who actually care. It makes no sense to me. If you don’t like what we’re talking/commenting about, pardon me, but get the hell outta here!
go watch Raymond and Idol and Fox, drink beer, complain about gas prices and cheer on the fake war on terror. everything’s okay your government loves you!
July 22nd, 2008 at 1:25 am
Basically insanity is repeating mistakes and hoping to get the same result. We had a republic, and it warped into a democracy of dumbed down people with the help of the repbulic freedoms to get monopolies and power over the media.
Jacque fresco has been walking the talk for over 40 years on the solutions. He is in his 90’s and has lived through the depression and has seen all goverments fail. Well what are the solutions? Look up his movie and watch interviews if you want to know the real truth.
July 22nd, 2008 at 3:42 am
I am convinced that the reason or one of the main reasons why the myth of man made global warming is being pushed is that the grand plan is to morph the carbon credit into the new money system. Currently, what is monetized world wide is debt, created via the issuance of bonds from governments to their central banks. This system is ultimately doomed to failure, because the system REQUIRES a constant inflation in order to work. Inflation is a swelling of the money supply without a corresponding increase in goods and services. Rising prices is not inflation, they are the effect of inflation. The means for controlling prices include income tax withholding, various sales taxes, unfavorable balance of trade, the so-called war on drugs, and the elephant graveyards of dead dollars, seen as trust funds attached to various governmental entitites at all levels, visible in the comprehensive annual financial reports. When all of the control systems fail, the true extent of inflation starts to be felt in price increases.
The interim measure that we will be asked to swallow is the end of the dollar and the ushering in of the Amero. Other currencies will be folded in as well to other regional currencies around the planet, culminating in a single planetary currency. Then there is no where to go, except a new monetary system. I believe that it will be the carbon credit that will be monetized, i.e., the license to put a certain weight of carbon into the atmosphere, which will be a privilege, not a right. With an entity such as the UN “owning” the atmosphere and other global commons, and licensure required to put CO2 into the air, your right to breathe will have been converted into a privilege, granted by accepting a microchip in your right hand perhaps.
Pete
July 22nd, 2008 at 3:54 am
Jacque the saying goes something like this:
“It’s a truism that the definition of madness is, to do the same thing over and over and expect a different outcome.”
Another on is:
“Politicians and diapers should be changed often; and for the same reasons.”
” Strength & Honor “
July 22nd, 2008 at 4:20 am
This sucks! We know our government can print its own money without charging interest to their citizens and yet our corrupt government borrows from an illegal private banking cartel that makes money out of nothing (not backed by gold, silver, or even pork and beans), and pays them interest! Our debt has esculated beyond return…we owe trillions whereby most of that comes in the form of interest on the principle, not the principle! We and our children and their children and their children, etc. can never repay this so-called loan by decit…do the math, it doesn’t take a rocket scientist to put it together i.e. we owe about $10 trillion dollars to the private cartel (the Feds) at on average, for sake of simplicity, 10%/year. We are told some 300 million live in the US. Now of this number, how many are newborns, toddlers, and kids that do not work and therefore have no income to tax? How many are disabled? How many are retired elderly? How many can’t find a job cuz the market is shrinking? How many of the rich get special tax incentives thereby having not to pay taxes? For sake of simplicity, let us say there exists some 100 million (that is a high number) that can and do pay their fair share of the debt. This translates to $10 trillion divided by 100 million equals $100 thousand per citizen to make things square with the illegal Federal Reserve! How many people have $100 thousand to spare? And let us not forget the interest of $1 trillion. Did you know that the only way we were able to pay on the minimum payment–the interest on the national debt’s principle this year was to borrow yet again from the Feds? If we could not pay the minimum this year, how will it be possible for us to pay next year? Yes, we are truly sh*t and most Americans don’t even stop to think about this and many that do think about this are failing at educating those who need a wake up call! Look, u can stand at the sidelines and let your team down if u want to, but realize your team’s loss is not your gain! I urge you all to take the initiative to educate your family, friends, and even strangers about the US Constitution, the Federal Reserve Act of 1913 and the illegal Income Tax Act (IRS) of 1914, and of course, INVESTIGATE September 11, 2001! Go in peace, and spread the truth!
July 22nd, 2008 at 5:48 am
The International Bankers are saying to all—————suckers
July 22nd, 2008 at 5:58 am
We all know it’s going to collapse,
we all know it will be like hell after the collapse,
my grandparents told me the watered down version of the Great Depression, they told me they ate at home a lot and didnt get to go out much, I just learned that there were food riots all across the US during the Great Depression.
I can only guess what this will be like.
The US no longer resembles anything at all what it did in the 1930s.
Most of the US is urban, but urban in a way that it requires you to drive at least a half hour to get to anything = 2 to 3 hours walking, depending on conditions.
The rural areas are no longer self sufficient.
It only took a week or so for the post hurricane Katrina conditions to set in.
Imagine what you will have to do if there is no power, no gas, no food, and no water. And imagine what your neighbors will be acting like. Never under estiamte the other guys Hunger.
13*
July 22nd, 2008 at 6:41 am
Hey Derek (No.4) You mean this guy?
The Energy Non-Crisis
http://video.google.com/videop.....7167011147
Judging by his video, that oil will never be let out. Amazing this video is now one of the MOST POPULAR on Google Video. Anyway – he accurately predicted $4 gasoline 6 months before Bushie even joked about it..
July 22nd, 2008 at 8:39 am
Ya’ll will figure this out. Truth is…the power to change our current situation has always been the currency of the people – or should I say the labor. Maybe we ought to take control of our public account over at the US Treasury and show these bozos how to manage money and people.
Our social insurance program has failed and who said we can’t change our minds and find a better way to secure our people’s THINGS. Besides being uneducated…fear is the biggest factor in this situation. The system has convinced us of our need for this dependency on social insurances.
July 22nd, 2008 at 9:46 am
JASMINE……….THAT IS JUST SUCH A CUTE NAME YOU CROSSDRESSER………THERE ARE A FEW HUNDRED OF YOU TURDS AND BILLIONS OF US………………NO MATCH ……..NOW TAKE YOUR CLOTHES OFF AND CLIMB BACK IN THE COFFIN…….
July 22nd, 2008 at 5:48 pm
27 Darryl If that Lindsay Williams is right I’m more pissed off than ever!! Listen to American Engine!!
This song is right on!! http://www.themudflapsband.com
July 22nd, 2008 at 10:43 pm
JASMINE: Your constant jabs and smug comments reminds me that the is absolutely NO SHORTAGE OF ASSHOLES. Get a f---ing life. If this site and the comments offend you… WHY THE f--- are you ALWAYS LURKING on every f---ing thread????? Perhaps you need to get back on your meds. You are a worthless s--- bag spammer.
I’d LOVE to meet you in person. Then I could PERSUADE you to find a new hobby.
In the end, you will not be smug and laughing.
Mark my words and mark them well.
July 23rd, 2008 at 12:30 am
What better way to introduce “The North American Union” and the “Amero= the NAU currency” then the collapse of the dollar, economy, etc, etc. WAKE UP SHEEPLE
July 23rd, 2008 at 8:08 am
Yes brace yourselves out there!!
BEAT the international bankers….
I found this entrepreneur club online……what do you think??
http://www.becomericher.info
July 23rd, 2008 at 8:57 am
#33, Marty – I’m not sure what to think. It’s too mysterious and vague. However, I also understand why the mystery and vagueness.
This is what I did…I took myself out of the position of debtor and placed myself in the creditor position. Ya’ll can too.
July 23rd, 2008 at 11:25 am
Put your money in a mattress. The one you sleep on.
August 2nd, 2008 at 4:25 pm
Rex 84 is on its way