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The Smell Of Panic In The Air For The Economy
- Text size
Bob Chapman
The International Forecaster
January 15, 2009
The concept of decoupling is dead on arrival. The financial crisis is affecting every country throughout the world. It is seeping into the real economy in every nation. Export orders have fallen off a cliff just as consumer buying has. In every nation the crisis has spread into the real economy via both unemployment and inflation. The economists and analysts who scoffed at us almost two years ago when we announced that the recession, are all stumbling over themselves in announcing we may have a depression. Already there is talk that exporters like Japan and China may not recover for years.
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| In the pursuit of employment and stability the Obama New Deal will end up just as unsuccessful as FDR’s was. Controlled planning similar to that of Soviet or Fascist models didn’t work in the 1930s in America and they won’t work now. | |
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As you are aware we believe corporate earnings will be on a level in 2009 with that of a 6,000 Dow Jones Industrial Average. We also believe that the consumer will take a holiday taking personal consumption down from 70% to 72% of GDP to 69% or less. We believe the global economy and financial markets will stay depressed for some time to come. You cannot use previous recessions or depressions as a yardstick. This failure is nothing like we have seen in the past few hundred years. The average post-war recession lasted about 10 months. By our calculations we are into the 23rd month and there is no end in sight. In fact, we are really just getting underway. Thus far this recession is similar to 1982, but much more like 1974 so far. They lasted 16 months respectively. This implies little to us. As we said, we have only just begun.
Unemployment is going to be the over-riding factor in the economy. The official Labor Department report was that in December there was a massive 524,000 decline in non-farm payrolls putting the unemployment rate at 7.2%, the highest rate in 16 years. What is compelling is that these statistics are lies. This game of falsification has been going on since 1980. As usual we were treated to more downward revisions, which totaled 154,000. October’s decline of 320,000 increased to 423,000 and November’s total of 533,000 rose to 584,000. That is a total job loss of 678,000. For the year of 2008 “official” net job losses were 2.6 million, which we estimate to be well over 4 million. Incidentally, that is the highest since 1945. These bogus figures are the result of birth/death modeling, which is simply a government tool to make the numbers whatever the government wants them to be. Over 6 million jobs have been lost in the past eight years in great part due to free trade, globalization, offshoring and outsourcing. In December another 149,000 manufacturing jobs were lost. The only way this can be reversed is by Congress implementing tariffs on goods and services. If we do not have such legislation, America cannot survive as a first-class nation.
Other employment areas hit hard were trade, utilities, transportation and professional and business services. The additions were 45,000 in the health care industry, which will help increase costs and 7,000 government jobs.
We ask, how long can state, county, city and local governments continue to hire when half the states are broke?
In the pursuit of employment and stability the Obama New Deal will end up just as unsuccessful as FDR’s was. Controlled planning similar to that of Soviet or Fascist models didn’t work in the 1930s in America and they won’t work now. Nationalization and cartelization didn’t work then and won’t work now. Economic growth from 1933 to 1939 went nowhere. Per capita GDP was lower in 1939 than it was in 1929. Unemployment in 1939 was 17.2%, which was higher than in 1931. Today U6 official unemployment is 13.5% and long-term unemployment is 17-1/2%. This was despite 100% increases in monetary expansion. Taxes had been tripled. Employing people became more expensive due to unions and national income guarantees. This kind of formula inhibits growth. There were make-work projects – not projects that created permanent jobs. Laws were passed that inhibited small and medium-sized companies from competing. Those who dissented were pursued by government. This went on straight through World War II. FDR’s economic and financial policies simply didn’t work and when the elitists saw that they had FDR lead us into war. Just read John T. Flynn’s book, “The Roosevelt Myth.”
What you saw in the 1930s and what you will see over the next several years is a power grab by elitist sources behind government. You will see depression, hyperinflation and another contrived war.
Those who tell you that liquidation of assets offer you a fantastic buying opportunity are either dumb or they are deceiving you. We see no immediate chance of deflation getting an upper hand, although in time it will. The Fed has expanded its balance sheet to $1.2 trillion. Reserve balances are at $600 billion. Over the past month bank reserves are up over $300 billion. This is immediately monetized. This is money created out of thin air.
The insiders who want a show of inflation are still frightened by deflation and well they should be. Their long-term inflation in the end will destroy them.
The real estate markets throughout the world will struggle to find a bottom for sometime to come. The world’s biggest market is southern California, a region covered in distressed properties. The inventory overhang is monumental. The mantra of the region that real estate never goes down is dead. The psychology has been broken and may never prevail again. The good years were great. Where could you buy a home for 20% down for $35,000 and 20 years later sell a home for $1 million? That happened to many others, and us but that game has come to an end. The resetting of billions of dollars in Option ARMs, pick-and-pay loans have begun to hit the upper end of the market in full force. The forced sale of these homes will devastate an already crippled market. As California goes so goes the nation.
Currently more than 50% of sales to mostly speculators are distress sales. The affects of SB1137, which delays the foreclosure process, will see its effects vastly dissipate very shortly. It will end up like all price controls causing more harm than good. This reality will send prices exceedingly lower. Bottom line is this market should be reached in 2011 or 2012, if the state and federal governments do not interfere. If they do it could last longer. Not only are ARMs resetting but also unemployment is spiking upward, the state is bankrupt, inventory continues to rise as well as foreclosures and the economy is falling apart.
Sixty percent of Option ARM loans are upside down and a majority of them are in California. Unless you come up with the cash difference between equity and the loan you are not getting refinanced. The economy the way it is will make it very difficult for many people to re-qualify. In fact, more than 50% won’t re-qualify.
It’s not that politicians do not get it. It is because the bankers, Wall Street and transnational corporations control the politicians with campaign donations and a bevy of other illegal perks. Politicians do as they are told and that is approving things such as TARP to enrich the rich.
S&P Case Shiller sees Southern California home prices off 24.9% in 2009 and 5.1% in 2010; a net 50% drop is seen and perhaps as much as 70% from the peak prices. That puts the $550,000 home at $275,000 or $165,000.
- A d v e r t i s e m e n t
It is no wonder that observers of the economic and financial scene are concerned when the net worth of US households fell by $2.8 trillion in the third quarter alone and by $7 trillion in 2008. This is the worst adjustment since the 1930s. As we are seeing the net result is the public is finally reducing debt. Unfortunately, the reduction in credit deflates the quantity of money in circulation and forces the Fed to print even more money. In the third quarter mortgage and consumer credit together fell $117.4 billion yoy.
Now we have interest rates at zero as the Fed pushes on a string, and they are blindly followed by every major nation, all of which are waiting to get buried. Wait until you see the dislocation when the Fed attempts to borrow $2 trillion in 2009. In 2008, in real estate, stocks and commodities worldwide, $70 trillion has been lost. These events have put the smell of panic in the air, both by individuals and corporations of government, all of which as yet have not totally grasped the gravity and seriousness of their problems.
As we have often said since June 2002, the Fed is in a box and they cannot get out without allowing the system to be purged. Barron’s is right, US Treasuries are a bubble and they will in time collapse taking yields considerably higher. Investors are about to find out that there is no safety in US Treasuries. Before the year is out these higher yields will force the stock market lower as well as real estate and other yield bearing entities. As this transpires taxes will rise as government extortion continues apace and inflation will rage.
Government debt is no longer safe in America and that means neither is corporate or personal debt. All the stimulation has costs – the costs of future debt service and inflation. As yields rise, the face value of bonds fall and there is a loss. Foreign nations hold 64.5% of their foreign exchange reserves in US dollars. That means a contraction of the value of their reserves, which forces their interest rates up as well. While these events occur the value of the dollar will fall creating a double whammy on foreign central bank reserves. At this juncture some foreign central banks and professional investors will panic and when that happens the reserve status of the US dollar – the world’s reserve currency – will be invalidated.
We have talked about a fiscal 2009 US fiscal budget deficit of $1.3 to $2 trillion. In finality we will see a deficit of about $2.3 trillion a tribute to the incompetence to the moron who is leaving the White House.
How can any sane investor accept a negative return or even 0.25% on Treasury bills when inflation is 11%? Stop and think for a second, interest rates cannot go any lower. They can only go higher. Even though this situation exists foreigners lend 60% of their savings to US entities. Needless to say, this cannot continue and as a result foreigners are in the process of pulling funds out of dollar denominated assets. We do not have fourth quarter figures as yet, but for the nine months in 2008 foreigners withdrew $324 billion.
Unemployment is soaring mainly due to free trade, globalization, offshoring and outsourcing. We once had a manufacturing base that supplied 28% of GDP. Today it is 11% and falling. During that period the financial service sector rose form 12% to 25%. The result is the most indebted nation in modern history and the destruction of a high paying job industrial base. We as a result owe foreigners almost $17 trillion.
The US can never recover unless trade tariffs on goods and services are implemented. Without that America is doomed to be a second world nation as is England. Even with tariffs debt default has to happen and it will happen and it will occur within the next three years. There is simply no way out. This is why during this inflationary and hyperinflationary period you have to be almost totally in gold and silver related assets and eventually only in gold bullion coins.
A new stimulus package of $800 billion to $1 trillion isn’t going to solve the problem. It is a package that should have happened two years ago, but our government, Wall Street, banking, economists and analysts refused to recognize the recession that began 23 months ago. It wasn’t politically acceptable and professionals were intimated from calling the economic situation what it was and is. Most still have not publicly declared recession. The package will come and go. A quick jolt will be delivered to the economy lasting six months to a year. It avoids addressing the systemic problems. No jobs and a purging of the system. That will come later with currency controls and debt default. Remember, the US bond market is ten times the size of the US stock market and if the flow of funds in and out of the country is curtailed the financial world will be bedlam and the world economy will probably collapse. Even with devaluation and a default, who will buy Treasury paper? That means debt internally will be all monetization and the US will be Weimarized.
We are not going to say much at this juncture about deflation and what will happen when it arrives. All we will say is that it will be horrible. That is why your gold and silver coins, freeze dry and dehydrated foods, gardens, water filters and ammo and weapons are so important. They are your insurance policy to survival. Prices on everything will plunge 80% or 90%, as will income and the value of fiat Federal Reserve notes. The once rich will suddenly become poor and you will survive. This will happen worldwide. When the world bond market collapses it will make the stock market and real estate collapses look trivial. All we can say is that worldwide more than $100 trillion will be lost and the world economic and financial system will come crashing down. The clue will be when foreigners finally stop buying US government debt.
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January 15th, 2009 at 12:51 pm
Brilliant article, thank you!
January 15th, 2009 at 1:06 pm
down to 5000 from 12000 last summer.
Next stop 2500
January 15th, 2009 at 1:12 pm
Excellent exposition. What source can I use to follow foreigners’ purchase/sale of debt?
January 15th, 2009 at 1:18 pm
dam ,it would be funny if it wasn,t So True !!! Bob lays it out and make it so simple to see this whole dam lie we have been fed is on its way to the bottom???Also all these Elites and CFR members OBAMY has picked if you can,t see what they are up to you got to be blind !!!
January 15th, 2009 at 1:20 pm
Excellent article. DJIA should hit about 5500 within about 18 months or so… We’ll see.
January 15th, 2009 at 1:24 pm
well done bob!
January 15th, 2009 at 1:31 pm
This is only the beginning! REPENT & TRUST JESUS! You will be hearing of wars & rumors of wars. See that you are not frightened for those things must take place, but that is not yet the end. For nation will rise against nation, & kingdom against kingdom, and in various places there will be famines & earthquakes. But all these things are merely the beginning of birth pangs.MATT 24:6-8 Let he who has ears hear!! P.S. Good article!
January 15th, 2009 at 1:39 pm
first through inflation then by deflation…….. the bankers will control all assets……we will wake up homeless in the land our forefathers conquered….. It appears that Thomas Jefferson knew what he was talking about. General Stonewall Jackson said something to the effect” kill all the Yankee bankers and let God sort it out”.Hummmm….What will happen? The Gov. would love a revolt so that they can smash it and est. the Illumanti dictatorship fullfilling the plan of col Mandell House in Phillip Dru.The same scum who bewitched Wilson into signing the criminal Federal Reserve Act.What are we to do?
January 15th, 2009 at 1:43 pm
thank you # 7 … I agree
January 15th, 2009 at 1:43 pm
Jason Bermas just made the statement: “If we have to go toe-to-toe
with the cops with a militia sort of thing we don’t have a shot.”
We just turned off the show. If this is the kind of FEAR some
individuals in the Patriot movement display in the face of armed
aggression by gov’t pirates and hijackers, they should go ahead
and lay down and join the NWO.
Some people need to learn about our Founding Fathers and their
years of trying to negotiate unsuccessfully with the British. They
were finally forced to go to war against IMPOSSIBLE ODDS.
But because they were on the side of human rights, dignity and
FREEDOM, they eventually prevailed, AND SO WILL WE!
Unlike some others, WE ARE NOT AFRAID! American Patriots,
just like our Forefathers, are willing to give our lives if required
to FIGHT for our families and nation.
We were ABSOLUTELY ASHAMED to hear that remark, because
it reflects a “defeatist” attitude. At least Alex often says he
“will use whatever means necessary” to defend his home and
family from gov’t cockroaches.
January 15th, 2009 at 1:52 pm
Why is deflation bad? Doesn’t deflation mean the purchasing power of the dollar increases?
January 15th, 2009 at 1:59 pm
FCUK O”BAAA”MA BIN LADEN, AND HIS ZIO-NEO-SCUM-CRIMINAL-CRONIES !!!
INFO-WARRIORS —————————————————– ENGAGE THE INFOWAR
LET’S RETURN POWER 2 THE PEOPLE,
RETURNED BY THE PEOPLE,
AND RETURNED 4 THE PEOPLE.
IT’S REVOLUTION TIME FOLKS
———————————— REVOLUTION TIME 
January 15th, 2009 at 2:05 pm
What’s there to panic about? As long as there are other people around, you’ll have something to eat.
While that might not helpful as far as your sheltering-from-the-elements problem goes, at least you won’t go hungry!
Friends help friends eat friends.
It should be obvious by now to everyone that the evilness of total egotism and sadism isn’t a particularly functional system to use.
Everyone tries to be as evil as they can and then everything collapses…
Who’da thunk it?!!
January 15th, 2009 at 2:14 pm
If only everybody understood this info, at least they would know who to be angry at.
January 15th, 2009 at 2:18 pm
#12
In most simple terms – deflation kills investments. Most desirable by economy is inflation of about 1% (per year).
January 15th, 2009 at 2:18 pm
Hey “Steve William”……f---ing EAT ME!…………LOL
January 15th, 2009 at 2:19 pm
HIJACK FORECLOSURE! Turn the tables on your bank… http://nobankfear.synthasite.com/
January 15th, 2009 at 2:25 pm
FEAR… False Evidence Appearing Real… FEAR
January 15th, 2009 at 2:27 pm
Okay, your house is now worth less money. But you need a place to live, and you still have it, right? Housing value only matters to those who see their house as an asset and investment. If you see it as a shelter for you, your extended family, and lucky friends, then you have a valuable resource to share (or trade space in) in the coming hard times when jobless and homeless people are crying GIMME SHELTER.
–From a happy apartment dweller
January 15th, 2009 at 2:32 pm
Time for America to fall
January 15th, 2009 at 2:37 pm
Squeeze the bankers dry.
Remove money from banks. DO NOT use your credit cards because it is a source of income for the ruling bankers. DO NOT borrow money. Our goal is to bankrupt them.
Meanwhile, while banks are hanging out to dry, self-employed people need to “forget” to send tax payments.
The government fools will know soon that the Revolution has begun.
We do not need bullets. Just brains.
January 15th, 2009 at 2:44 pm
what the are saying i believe is true. if only americans would wake up and stop buying foriegn made products that would help. most importantly though is to only puchase what you have to have day-to-day and pay off debt or purchase gold, silver, and survival gear. you are going to need it. time is running out. only those ready spiritly, physicaly, and mentally will survive and be free.
January 15th, 2009 at 2:58 pm
Hey Steve Wilson, How do you like your SOYLENT GREEN anyway? You don’t need Friends to help you eat Friends…..the coming Gestapo will happily provide ALL YOU CAN EAT!
January 15th, 2009 at 3:00 pm
well it looks like the lunatics in washington have burned down the house ( OUR NATIONS FREEDOMS AND THE ONCE LARGEST ECONOMY in the world. and now they send out the the curley,larryand moe bunch to put out the fire after the house has burnt down and the nation is homeless NO JOBS well it makes sense let the peasants die,well the fact remains that all us peasants made this nation work now as these millionare self serving morons give their buddies hundreds of billions of dollars our money yes our money, why do i say that because it is backed by our hard work ( WHEN WE HAD AN ECONOMY) now that the boys and girls that run this luntic government cant save it,could it be because of two bogus zoinist wars and no tax money coming in or could it be that all americans everywhere are thinking who wants to do or buy a damned thing in this pro-zoinist police state to help these self serving pro-zoinist puppets that have seized power here of course i may be wrong but who in their right mind would want to help warmongers in their self declared NWO order quest when they have forgot we are the ones that made this nation work and if i am wrong then why is it all the kings horses and all the kings men cant put humty dumty back together again ( ALL THE RICH BANKERS, the truth is we every person in this nation down to the homeless person to the middle class payed the bills not the rich, for they only pay taxes on paper the big write offs and hoard it off shore well thats not working either for all that money will be soon worthless without us making it worth something with our hard sweat ,it makes me smile inside they have just a bunch of green toilet paper now and noone wants it at all thats justice and just rememeber this the poor can always live without the rich but the rich cannot live without the poor the real world movers. and not these buffons up top!
January 15th, 2009 at 3:01 pm
Sorry I meant Steve Williams
January 15th, 2009 at 3:05 pm
Jason Bermas is a pussy for saying we can’t go “toe-to-toe” with the cops!
When Obama tries to take our guns, I WILL DO WHAT I MUST.
MOLAN LABE!
January 15th, 2009 at 3:15 pm
This was finally, a well thought out and provocative commentary on the status of the economy…world-wide.
there is NO FIX for this corrupt, bankrupt, and evil system. it is inherently flawed..and fall it will.
a slow, agonizing game of musical chairs…and when the music stops…another bank fails…another person loses their home…and it starts, and stops, and starts, and stops…
however…no one wins a cake…..!!!!!!
not fair. lol
January 15th, 2009 at 3:37 pm
Win or lose it’s going to be a long, violent, ugly hard fought battle. Multitudes of people will die, there will be shooting, bombing, rioting, disorder, and rebellion that even the government will not be able to control. Once the sh#t truly hits the fan, then ‘All Hell will literally break loose.” Yes America has a bloody tragic future ahead of her….
January 15th, 2009 at 3:37 pm
Excellent piece, Bob Chapman, (a true BRAVE PATRIOT) thanks!
#27 Molan Labe YES!
We will also do what we MUST to prevail against PURE EVIL.
Everyone remember… notice how it now takes 6-8 cops to
hold down one unarmed guy and shoot him in the back.
Now imagine if you will a crew of these candy-@sses on an
American street, preparing to haul innocent citizens off to
a FEMA camp. Suddenly a troop of Patriot militia, deployed
under cover beside houses and trees, opens fire and mows
down 15-20 of the cops. What do you think the REST of
the little pitchers will do?
PANIC! I don’t care if there are 100 of them, they are so
frightened now that they would drop their weapons and
RUN! I can guarantee it! They are terrified of a single
citizen as it is; let alone a well-armed patrol.
WE CAN WIN… WE MUST WIN!
January 15th, 2009 at 3:41 pm
Whilst I agree with most if not all the comments in the article I find it interesting when I visit the website for the International Forecaster, it advertises for Midas resources. Which is run by the same people/person that owns GCN broadcasters of the Alex Jones show…. I detect conflict of interests.
January 15th, 2009 at 3:44 pm
Hey guys….. All the Truth is over here http://www.youtube.com/sd9883 …… please feel free to subscribe…
January 15th, 2009 at 4:00 pm
#18 You are a scam artist and should be jailed…Money Order or Wire transfer only!!! You don’t use Paypal because they “hold money for 90 days!” You are a BS artist…I have used Paypal to run two business and I never had money held for 90 days…You except Money Order and Wire transfer only so you can steal from people! Hey infowars.com board Admins remove that post before some gets robbed of $1995!
January 15th, 2009 at 4:12 pm
here is the future…
2009 start of GREATER DEPRESSION
dow 5500
unemployment… 25%…maybe higher
housing prices plunge. from peak…– 75%
401K’s- 15% of what they were once worth
so with 1/4 unemployed….and these are statistics….they already are well aware of….where are they and their families gonna live?
Fema Camps? Nope. militia near the camps will break in a free them all.
what you will have is a breakdown into factions…people forming groups….and waging war against other groups. the government will NOT be able to handle it. possibly it will be an overthrow of the status quo…..
all this is coming in a few more years. this year…will be the continued meltdown of society…economically…followed by the desperation of so many.
is this period gonna be the Great Tribulation? hmmm
January 15th, 2009 at 4:20 pm
34 I believe all that can be possible too. Theres alot of pissed off people and allot that will do anything to try ‘to get’ for themselves and their own kids. Look at some of he riots here in the US and the recent one over the BART murder. Many people are simply fed-up and have had enough.
One thing I keep in mind though if these events do come about, is that the ‘government’ has some pretty nasty bio-chem weapons they can unleash on the public, that they have been stock-piling.
January 15th, 2009 at 4:21 pm
Hold on to your weapons folks. Bury them if you have to, but buy the correct bags because water will ruin your guns if you do not store them correctly underground.
January 15th, 2009 at 4:27 pm
The article is too long.And I didn’t need to read it to see how bad the economy is.This isn’t my 1st BBQ boys.Better Buckle up.
January 15th, 2009 at 4:31 pm
It may soon turn out that we as a nation may have to start over – literally / entirely. That is to say, root out and detain the corrupt cockroach politicians who are not representing the best interests of the American people, the financial swindlers / bankers / FED officers and SEC ‘regulators’ who have been asleep for years, the CIA front-men/women posing as television network news anchors and editors, as well as the editors of all the major NWO backed newspapers remaining countrywide. Of course this also includes any individual(s) who attempt to enforce the unconstitutional NWO plan by detaining / arresting those citizens that continue to lawfully exercise their Constitutional rights guaranteed to all us citizens – this would include the right to petition the government for redress of grievences – or more effective methods / tools to a satisfactory resolution of these problems. Yes, this is like Vince Lombardi and his football team….Now Gentlemen, this is a football……
January 15th, 2009 at 4:57 pm
Could this economic trouble be the second part of ALL THOSE MANUFACTURING, ENGINEERING & CLERICAL JOBS SHIPPED OUT OF THE COUNTRY??? Hey, we all remember [at least I do] Wall St. wallowing in BIG PROFITS from all the US jobs being done by foreign slave wage workers. EVERY factory I ever worked at has packed up, moved, bulldozed the buildings and evaporated [in this country anyway]. Now ask if I buy ANY of those products? Like Hell! If I’m going to buy some piece of imported crap, it will be from a foreign company. NOT some US headquartered business that makes everything in Malasia and slaps BUY US on the label! Screw ‘em all! Yeah, I’m freakin bitter, you would be too!
January 15th, 2009 at 5:03 pm
Was at Costco today. Noticed how much of the stuff in it was made in China. Americans have shot themselves in the foot. We’ve outsmarted ourselves.
January 15th, 2009 at 5:10 pm
Welcome to Zimbabwee.
January 15th, 2009 at 5:29 pm
What else is new? And this is going to get worse.
January 15th, 2009 at 5:30 pm
#11 Francis Marion
Protecting your home and taking on the government in the streets is two different things. Of course you should protect your home and family when threatend, but trying to take on the government back police and national guard is crazy! This isn’t the 17-18 hundreds when weapons where all the same and basically irellevent. This isnt a numbers game where the biggest army wins. You could have 3,000 men and they only have 300 hundred, but if you got a bunch of shot guns and maby some automatic weapons, they’ll cut you to shreds. Your group would’nt last 1hr, not only will they hit you with artillary before they shot a single gun, you forget about the air attack, gun ships, F-16’s, and their favorite tool of all the bunker buster, for all you smart people who will claim they’ll just build an under ground shelter.I understood what he was saying and its not about being afraid, its just being real. We have no level playing field taking to the streets and rioting. What you have to do is hit them where it hurts, their pockets, their money, thats the real control they have. We have to stop borrowing and spending or money on things we dont need. Start going to local grocery stores, farmers markets, and butchers instead of HEB and Wal-mart. Start buying your clothes from local shops and eating at local diners and stands. Fix the car you have instead of buying a new one, and if you have to buy a new one, pay cash for it. New car dosent mean brand new, if the car isnt yours and you get it from somone else its new to you! Stop trying to live comfortably and live conservativly, grow your own food, if you dont know how, learn! The internet isnt just for whining and complaining and blaiming Israel, take some responsiablity for yourself and your family. Stop being lazy!! All this talk about revolution and war, if you die (which will happen when you grab a gun and take to the streets) who will be there for your familly? Don be stupid, the greatest boxer of all time Ali did’nt use power and force to when fights, he used intellect aka his head. Be smart!
January 15th, 2009 at 5:39 pm
Like they said in that one movie, Rome(USA) is the mob(people), control the mob and you control everything.
January 15th, 2009 at 5:44 pm
PLEASE WATCH THIS NEW GOOGLE VIDEO ! AMERICA ENSLAVED – “AMERICA IS BEING DESTROYED FROM WITHIN, BY THE NEW WORLD ORDER NEO-CONS AND THEIR TYRANNICAL SYSTEM OF ENSLAVEMENT BESTOWED UPON THE AMERICAN PEOPLE AND SOON ACROSS THE WORLD !” http://video.google.com/videop.....4254969297
January 15th, 2009 at 5:46 pm
Just thinking out loud…why not everyone that communicates on forums and blogs and such…simply NOT pay their income tax for the previous year. Instantly, the gvmnt would have NO income for their BS and there wouldn’t be enough police or military to round everyone up that didn’t pay!!!
January 15th, 2009 at 6:30 pm
Hey folks, please do yourself and your families a favor and stock up on food, water, silver, weapons and whatever else you need to survive this depression. That’s right…depression. It’s going to get a whole lot worse before it gets better. One more thing, don’t expect Obama to be better than Bush. He will follow orders to the letter in order to insure his presidential legacy. The powers that be, are draggings us, kicking and screaming into their New World Order, and if we protest to much, well, I think you know what they’ll do. Good Luck!! God Bless!!
January 15th, 2009 at 6:48 pm
BRAINS….
How many on this site have them?
January 15th, 2009 at 6:48 pm
BRAINS….
How many on this site have them?
January 15th, 2009 at 7:14 pm
#12, Deflation is not necessary good or bad, it really depends on how it came about as explained in the following link…
http://inflationdata.com/infla.....lation.asp
So why is it bad for us? If we are to have deflation it because of decreasing demand for goods. Look at it this way, Woolworths is closing, lots of companies are becoming insolvent, high unemployment. No one has money to buy, hence less demand. Credit is hard to get to continue buying (hence “credit crunch”), thus prices falls. As price falls so does salary (less company profit -> lower salary). Now the only thing that does not fall is your debt. Say you earn £1000 per month, and your mortgage + debt is say £500 per month, which gives you £500 to buy food etc. Now comes deflation, prices drop by 50% including salary and your salary is now £500 per month. So now you pay your debts and mortgage of £500 per month and have £0 to buy food!!!!!
January 15th, 2009 at 7:18 pm
#43 Well said!
January 15th, 2009 at 9:42 pm
#43 got to pipe up here…
The vast array of frightening weaponry you describe like a video
game IS IN SHORT SUPPLY, and so are trained soldiers to operate it.
You appear to be scared of their vaunted “military superiority” just
like many thousands of sheep of this woeful pasture called America.
If they cannot prevail against camel drivers and rug salesmen in
primitive Iraq, do you think they have enough “helicopter gunships”
to quickly kill off OVER EIGHT MILLION MILITIA?
Do you think when there’s a skirmish the citizen militia will then stand
around waiting for cockroach reinforcements to arrive? Of course not!
It will be hundreds of guerrilla groups moving fast, striking quick and
then fading away. The large cities the NWO will be able to overcome easily,
because they are filled with welfare dependent, frightened sheeple.
Even if they do hire Mexican and Chinese mercenaries, there just
aren’t enough soldiers and “helicopter gunships” to go around.
We do all of the things you describe, and more. We NEVER use banks.
We don’t use credit. Our property has been paid for since 1949. We
drive a 1973 vehicle. We grow our own food and make our own
electricity. You can’t tell US anything new about “smart survival”.
We don’t have to kill ‘em all. Just enough to frighten them to death.
And they ARE frightened of US, the American people. WE CAN WIN!
January 15th, 2009 at 9:47 pm
GUNS AND AMMO RULE… YOU CAN’T GO WRONG WITH THAT!!!!!! YOU CAN ALWAYS HUNT FOR FOOD IF YOU DONT HAVE FREEZE DRYED.
January 15th, 2009 at 10:20 pm
There is nothing to be afraid of if God is on your side, accept Christ Jesus as your personal savior and even the death of your flesh and bones will not be a scary thought, b/c your soul will immediately be in the presence of The Lord God Almighty, safe and sound. God loves you
January 15th, 2009 at 10:42 pm
I like your attitude #52 Huck!
We outnumber these criminals 350/1. And that is being conservative. They want us to believe that resistance is futile and “Big Brother” is everywhere! I have no doubt that we the people will have little difficulty cleaning house when the time comes!
God Bless
January 15th, 2009 at 11:23 pm
Have to give Bob Chapman excellent kudos for this latest well-written
and informative article.
OK. Why are WE not terrified of the vaunted high-tech toys of the so-
called modern U.S. military?
BECAUSE IT CANNOT BE EVERYWHERE AT ONCE.
We were vastly outnumbered and outgunned by the British back in
the 1700s, and the frightened Tories and loyalists cried the same
thing. The array of artillery and heavy warships the English had
then were just as formidable as helicopters, F-16s and “bunker
buster” bombs are now.
Tyranny is as tyranny does, 1700s or 2009. The object is always
the same. Force a population to submit by using fear and
intimidation. But consider for a moment what happened in Russian
Georgia a few months ago.
The materiel and many of the soldiers in that “invasion” were
noneother than the United States military. But when they were
confronted by a determined force, they PANICKED and left their
tanks, guns, food, ammo, fuel and dead sitting there ripe for the
picking and RAN.
Believe it or no, it matters not, because those of you who claim
to be so “smart” can go ahead and be “smart” in a FEMA camp.
But the U.S. military and Nat’l Guard DO NOT HAVE THE WILL
TO KILL AMERICAN CITIZENS, especially when they understand
the horrible toll which Patriots will take on THEM.
If it’s Mexicans and Chinese, so much the better. THEY will be
foreign invaders in a strange land against large, well armed
people they are terrified of. After 10 or 20 thousand of those
are mowed down THEY will also cut and run.
And who says our militias only have “shotguns and a few
automatic rifles”? Let the NWO think that’s all they have. What
a hell of a surprise they will get! Google “Fred Thompson
militia hearings video” and watch,( if it’s still there). The senate
committee was absolutely terrified of what they were told.
January 15th, 2009 at 11:29 pm
#52 their already prepared and have been thru vaccinations chemtrails gmo foods etc… its called eugenics.
January 16th, 2009 at 1:10 am
this vid wont be up long keeps getting banned http://www.youtube.com/watch?v=KmXcsaz7BIs make copies and distribute, very informative for the visual learners
January 16th, 2009 at 6:22 am
this is right in line with this article http://www.youtube.com/watch?v=KmXcsaz7BIs copy and spread this before they take it down again
January 16th, 2009 at 6:33 am
# 52 what you say is brilliant and hopeful. But unfortunately they are winning with softkill. I know of 5 people under 30 in my church who are dying of cancer. I didn’t even know about cancer until I was over 18. Now I’m told kids get it pretty regularly in highschool. If you were to blind fold me for 7 days I can tell you when they are laying chem trails. I knew about them back in 1998 when they first started. They will never come to my front door and expect a fight with my 3 semi autos. they are too cowardly. But they will kill our kids and future generations with softkill.
January 16th, 2009 at 10:00 am
For all you brilliant scholars out there who try and figure out all the worlds problems and who’s to blame, it doesn’t take a whole lot to know what the problems is.
The whole lot of this stupid world’s population are just like you, completely brainwashed and have been turned into consumption robots. You have to have that house, that car, that boat, that TV, that Wii, that particular item, no matter what it is. Because if I don’t buy those things someone at my work, or one my friends might get one and I won’t have one. BRAINWASHED CONSUMER !!
Just remember that every time you buy something, you are using their tool that enslaves you and kills this nation and country.
The problem happening all over the world, that continues to kill and capture the people of all countries is a small deadly idea of financial banking called “Fractional Reserve Banking”.
Two easy steps to curing all of this worlds problems. So simple, yet so difficult a task.
First and the most important is all nations and countries should enact by rule, law, or force that all banks can only lend money. They may charge interest on loans, trade commodities, stocks, and
determine by their own standards the interest rate they wish to charge.
Second and probably as difficult to accomplish, is that at no time ever can any bank or financial institution ever have the authority, right, or permission from any source to have the ability to create money, issue money, or set it’s value therein.
Those who know. understand this monster complex organization. Those who don’t should at least understand the simplicity of it’s nature, for the fact remains “Who ever controls the issuing of currency to a nation or country controls that country or nations money, economy. manufacture, commerce and it’s government.
We, the United States, have not controlled the issuing of our currency since December 23, 1913. Therefore, we do not control our government, economy, manufacture, or commerce. They are controlled by the Federal Reserve System and the Central Bank.
When will you stupid people ever wake up. Probably never.
January 16th, 2009 at 10:23 am
Why is “killing” always the answer to some of you people? Violence only begets more violence, and no one gets what they really want.
Use your BRAINS…..not your guns!
America needs to get our jobs back that were shipped overseas. That’s the only thing that will snap us out of this depression.
In the future, there should be laws and regulations that prevent our jobs moving overseas. Did they really think they could keep doing this and it would not come to dire financial circumstances for America?
January 16th, 2009 at 10:37 am
This is just a crazy idea, but here it goes…
What if groups of ex factory workers all across America got together and demanded the gov bailed them out and built them a new factory to produce whatever America needs.
What if the workers not only worked there but also OWNED that factory? I don’t think we would have to worry about it moving anywhere if the workers owned it.
I am sure the workers would put their heart and soul into their own factory, and their kids and relatives would do the same, because one day the kids would have a job there too.
Now what if we had these worker owned factories all across the USA, and everyone bought from these factories instead of the other factories in China and elsewhere. Sure we may have to pay a little more, but we would be getting QUALITY products.
Imagine a bunch of women getting together and starting a perfumery or a clothing factory! Imagine people going to work everyday in there very own factory and loving it.
The government is going to have to spend money to get this depression over with, so why can’t the American people get something decent out of it, that will actually solve some problems instead of creating more?
Can we really trust those bankers with all that money and think they will do the right thing? No, they are criminals! That money should be going directly to the people.
January 16th, 2009 at 11:03 am
64 is right – But this is a take over that has been in the works for a very long time.They were just waiting for the Tec to catch up.Will people come together to change something they worship-I think not.I have hope that they will see what has come of this nation and personal made a change.
January 16th, 2009 at 11:29 am
# 64, talk about buying stuff, didn’t you buy that computer, a car to get to work with, clothes on your back, food on your table, ect… What a hiprocritic thing to put out there. Get real, we all know who to blame for this mess, and it’s not us.
January 16th, 2009 at 12:05 pm
Jackson Says:
January 16th, 2009 at 11:29 am
# 64, talk about buying stuff, didn’t you buy that computer, a car to get to work with, clothes on your back, food on your table, ect… What a hipocritic thing to put out there. Get real, we all know who to blame for this mess, and it’s not us.
When I speak of buying things, I’m talking in a sense of necessities. Example ; Yes we need a car to get to our jobs, what we don’t need is to drive a BMW with 20″ spinning wheels and a $3,000 stereo in it with a $600+ a month payment with interest, when far less would do the same task at far less cost in interest to the thieves we call bankers.
Did you honestly read from my writing that we shouldn’t buy anything? Geez, this is the reason for our demise, idiotic thing to think at the least.
I would imagine you are the kind that has far more things than he needs, too many things he never uses but rationalizes why he can’t make payments.
Credit and Debt are tools for enslaving the masses, they are not real assets, nor money.
Buy what you need, Yes of course. Buy what you want, and there’s a far greater price tag that isn’t seen for years, and at a cost no one wants to pay.
Maybe this explains what I meant better.
I still think you were a bit foolish to think I meant buy nothing.
Get educated my friend, at least Infowars is a start, but it’s not the answer…keep looking elsewhere too.
January 16th, 2009 at 1:02 pm
Panic? Fear? Do the powers that be fear something? WELL LETS GIVE THEM SOMETHING TO FEAR. LET THEM PANIC! What should we do? QUIT PAYING TAXES. GO ON THE GOVERNMENT DOLE. WORK FOR CASH. PAY IN CASH. CLOSE YOUR BANK ACCOUNTS. SELL ALL STOCKS & BONDS. BUY GOLD, SILVER, GUNS & AMMO, FOOD. PLANT A VICTORY GARDEN, LEARN TO CAN.
Let them do their bidding without your support & watch the real panic!
February 10th, 2009 at 6:35 pm
It’s over. Oh, God it’s really OVER!