Through A Looking Glass Darkly - MUST READ!

DANGER

"International markets are forming major Bearish Topping Patterns. A warning that a Worldwide Cataclysmic Economic and Stock Market collapse is directly ahead."

HOPE vs. REALITY

"Thanks to the endless barrage of Government feel-good propaganda, most citizens have no idea how disastrous the country's fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic. According to the Federal Reserve's most recent report on wealth, America's private net worth was $53.4 trillion as of September 2009. But at the same time, America's debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the people's net worth. That comes to $389,610 from each and every citizen. And that's not counting State, County and Municipal debts and deficits, which are additional and already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and still growing at alarming rates nationwide. In addition to the Federal Government, dozens of states are already bankrupt and sinking deeper into the morass every day."

WE NOW KNOW CHINA'S MOVE ... WHAT WILL OURS BE?

"China has decided that it is going to put the brakes on its economy. It has already raised interest rates and taken several steps to slow down their bank's ability to lend. China is making every effort to prevent their real estate bubble from imploding. With these measures, Chinese demand is sure to slow which will lead to lower imports and especially lower commodity prices and less profit for U.S. companies doing business there. This is a major problem because the only U.S. companies that showed any reasonable sales growth did so because of Chinese demand. Shut down that demand and earnings get shut down as well. The perennial Bulls may claim that these companies will make up the shortfall in sales in upcoming quarters elsewhere, but not me, since we already know that U.S. sales have been decreasing. And the latest news out of Europe shows that they have big problems of their own."

WHAT WILL TODAY'S POLICIES RESULT IN?

"It is a little known fact but true nonetheless that Socialist policies have never worked and that only Free Market (Capitalist) policies can pull us out of the quagmire that the USA is now in. Spending our way out of Recession by increasing our debt can't possibly work since it was excessive debt and spending that got us here in the first place. Continued deficit spending will definitely make the situation worse."

"Natural Economic Law as well as empirical evidence tells us that increasing taxes LOWERS TOTAL revenue Inflow. UNLESS we cut our ever expanding budget deficits, we will be well on our way to a Weimar Republic type Hyper-Inflation, Depression. Obama, like FDR, will turn what should have been no more than a 2 or 3 year Recession into a 16 to 20 year Depression. The only chance we have is for Obama to read the polls and reverse his policy initiatives by stopping Cap & Trade, Healthcare and Card Check dead in their tracks. If these three proposed policies are implemented, just as they were in the 30's, they will translate into a MASSIVE TAX INCREASE and there will be nothing we can possibly do to stop the coming DEPRESSION.

MARKET MELTDOWN LOOMS

"Don't believe the hopeful numbers, another market meltdown looms - we are in the midst of The Mother of All Sucker's Rallies. For those who aren't fooled by it, some tremendous Short Selling opportunities await you.

I have checked the charts of every major as well as most minor stock exchanges and every one is in the process of forming a massive top. Most now only require a break of their neck lines to confirm a massive Head and Shoulders top. They are not a pretty sight unless you are a SHORT SELLER sitting in cash just waiting for a Break Down confirmation."

WHERE DO WE GO FROM HERE?

"Personally, before I try to look forward, I start off by looking at where we are now and how did we get here? Then, I examine Government policies (especially New Regulations, New Taxes and New Spending) and compare them to a similar situation period in the past and examine what the effects were of those similar governmental actions. In this vein, I have come to the conclusion that today is most similar to 1930, only the US economy is in a much weaker state today than we were back then, when we owned most of the world's Gold and were both the world's largest exporter and largest creditor nation. Yet we are embarking on almost the exact same governmental action that only served to bring us into a Depression."

-Aubie Baltin CFA, CTA, CFP, PhD.
-March 15, 2010

The author goes into factual details about how the Gov. is sending us into a 14-20 year depression, when we should be in, at max, a 2-3 year recession.

The facts are all there and this is more reason to be alert of the impending doom we are financially in for. The market according to everything is pointing towards a collapse and if we keep turning our heads, as the author puts it, as millions have turned into billions, billions turned into hundred billions, that turned into trillions, and now we face a DISASTROUS $120,000,000,000,000.00 dollar deficit we need to face the facts.

We need change and who can get us there at this point? I had a feeling the market being up recently was just a facade and would actually be detrimental in the near future. This is one of the best articles I have read describing how deep we are in trouble and what we are realistically looking at in terms of the future here in the United States...

We are duplicating the same exact things that led us into the Great Depression but this time it is MUCH worse!

"We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot."
-US Treasury Secretary, Henry Morgenthau, May, 1939

This isn't good.

THROUGH A LOOKING GLASS DARKLY



[edit on 18-3-2010 by Smell The Roses]

Thanks for the flags guys but does anyone have anything to say about this? I kinda feel like we are in for disaster and I really don't want to believe it. I think me like many are turning our heads a bit and when the SHTF then it's going to be no joke. We could be in the worst position this country has ever been in...I am 29, I don't want to live like this. I want change and I will do anything I can, but I like many probably feel like we alone can't do anything. Something must be done. What the hell can we do? Hope? That isn't working. And oh lord, if we let Obama run his destruction course to the end we are doomed for sure.

I am sure the reality of the danger incoming is enough to make people turn their heads, and I can understand if this is a bit much for some to swallow...

It would still be nice to hear from people that have an optimistic outlook for the U.S. and think we can turn this around within the next few years.

Any type of credible, researched information regarding changes that could help would be much appreciated. I think there are a lot of us that would like to hear from someone as credible and knowledgeable as the author of this article, but with a more positive outlook if at any way that is possible...

Good find and great research.

But, I have known this was coming for years and prepared a long time ago.
This might be news to some, but for most, it is old news.

I think once you sit back and realize you can't stop the inevitable, you calm down.

Remember, you can't change the world. You can only change yourself.



PS: Just make sure you can survive on your own if SHTF.
Lots of good threads in the survival forum.

Feel-good propaganda? Have I been living in a cave?

[edit on 19-3-2010 by _Phoenix_]

reply to post by havok


I agree and that is what I have been focusing on. I work two jobs right now and my fiance also works full time. We have a wedding coming in September and to be honest letting the negativity of the whole global fiasco is not what I want to focus on. I have been looking into survival techniques and I am getting a handgun within the next couple months so I can "guard my castle" so to speak. I already have a shotgun and plenty of food stocked up. I also live in the mountains and I consider my location very ideal for any problems that may occur.

What I really can't prepare for however is being completely broke. I feel like if the economy collapses, me, along with many others will not have enough money saved to really weather the storm so to speak. I am concerned to say the least.

Originally posted by _Phoenix_
Feel-good propaganda? Have I been living in a cave?

[edit on 19-3-2010 by _Phoenix_]

Watch an Obama speech, watch the news, read a newspaper...you will definitely see plenty of Feel-good propaganda...

reply to post by Smell The Roses


I've been avoiding the news lately. Because all I used to see, was death, terrorism,war war war, terrorism, paris hilton, were all gonna lose our jobs, were all gonna lose our money, the whole world might be in chaos because of our economy etc etc.

So your saying now they are doing the opposite?

Originally posted by _Phoenix_
reply to post by Smell The Roses

 

I've been avoiding the news lately. Because all I used to see, was death, terrorism,war war war, terrorism, paris hilton, were all gonna lose our jobs, were all gonna lose our money, the whole world might be in chaos because of our economy etc etc.

So your saying now they are doing the opposite?

I am saying what the author said. They are sugar coating everything so it seems we are not in the disastrous situation we are in.

If everyone in the country knew how bad it really was that would be the tipping point into a full blown recession. Bank runs would be the beginning of the end.

[edit on 19-3-2010 by Smell The Roses]

There are countless "reports" out there which are well researched and positive. For every doom and gloom one which makes sense and seems credible there is one that says everything is rosy. I don't know what will happen and have given up trying to figure it out. Instead I take the the time I may have used to worry about it and try to change my life in ways that would make a total collapse less of a hardship. I have learned some gardening, I can now sew, I have become acquainted with the plant life in my area, I've improved my physical stamina ect;

I work in finance. The attitude amongst the frontline is positive, but just in case I make lifestyle choices and preperations which may assist me get through various scenarios.

reply to post by Merigold


Please, in all seriousness, show me a detailed report, as in depth as the one here, that shows a positive outlook. I am very curious to find such a thing because I have been looking for a while and I want to see some light in this darkness that is our economy. I know there can be biased views slanted and redirected all over the place claiming it is all good, but I want to see facts pointing to this all being rosy.

Survival - Well as far as gardening I also do that. I think it is a great idea regardless of what is coming. Who knows what touches our produce these days before it touches our mouths...I grow many herbs and vegetables and I am expanding to some fruit trees this year. Staying in shape is definitely a plus too and I would recommend getting some decent hiking gear if you can. A nice set of trail hiking shoes/boots, a nice backpack (ALICE Military packs can be bought cheap on Ebay), and some maps and a compass of the surrounding areas. I know there is a ton really needed for survival but hiking gear will be key if the SHTF.

[edit on 19-3-2010 by Smell The Roses]

"I forget who first said it, but it was, "A $ million here a $ million there, pretty soon we are talking about real money." It took approximately 20 years before it became "A $ billion here a $ billion there�.." and it wasn't very long before "A $ billion � "became "A $100 billion�" Now, virtually overnight while no one was watching, it's become "A $ trillion here a $ trillion there�" Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it."

Okay here is the real deal on gold, which is supposed to back our dollar.

GOLD AND THE DOLLAR

"Gold has been the best investment of the 21st century, outperforming stocks, bonds, cash and real estate. History teaches that shortly there after, following each of the last six 10% corrections, Gold prices have exploded for an average of 36% PER YEAR since 2003.

It is estimated that 98% of Americans have never seen, let alone held a Gold coin. Yet Gold is much more than just money or an investment medium; it stands for liberty and throughout history has often enabled the escape from tyranny and death."

THE IMF'S GOLD AUCTION?

"It was recently reported that India is "set to be a buyer" of the 191.3 tons (6.74 million ounces) of the IMF'S latest proposed Gold sale Does anyone really believe that China will just sit back and let India steal this pot of Gold right out from under their noses again?"

"Whether or not a bidding war is set off, there is one thing that is for sure; every time there are any IMF sales, a buying spree always follows. When India bought 200 tons of IMF Gold last November, instead of the expected (by the know-nothings) sell-off; Gold rose 14.2% in 4 weeks. What happens if this time around there is a bidding war not only between India and China, but with a few other countries as well as some big money players thrown in? Pure speculation maybe, but this sale has not been pre-arranged. It's an open market sale and there's only so much to go around. Let's not forget all the exchanges that have huge short positions with not enough Gold in their vaults to make good delivery? In the past, IMF sales always tend to mark bottoms and floor traders now consider $1,054 as a floor in the market because that was the average price India paid for the 200 tons they bought last time around."

IS GOLD LOSING ITS LUSTER?

"Isn't Gold supposed to be the ultimate hedge against global instability? It used to be, but global wealth is now so massive that the Gold market is thought to be NOT Big Enough or Liquid Enough to accommodate the world's wealth or so they think - But $5,000 or $10,000 Gold would be. Nonetheless, at present there is no other currency that can replace the US Dollar. A return to a GOLD STANDARD has always been thought to be devoid of reality and just a Libertarian Pipe Dream. Gold has always been both a play on inflation as well as a play on a bloated U.S. dollar collapsing against other currencies under the weight of quantitative easing and deficit spending. There has to be something to collapse into. At the moment, the Euro has its own troubles and the YEN, like Gold, is too small."

"Gold is still the only answer, just as it has always been over the millenniums. It is the best store of wealth. Investment flows will shortly return to the yellow metal as currency default fears increase. Asians have always been big believers in Gold as a store of wealth and protector from inflation and there are now signs that the Indian public - the greatest buyers of all - are beginning to return to the market as the public comes to accept that higher Gold prices are here to stay and that prices will only continue to increase. China, with its huge sovereign wealth fund, is also hedging its bets with a big investment in the SPDR Gold Trust (GLD, since their percentage holdings of Gold Reserves is minuscule as compared to most other developed countries. Any return to Gold investment in the West should see another sharp upturn in the price of Gold."

Gold is going to be at an all time high very soon. Cash4gold and all those other scams seemed to have paid off very well. No doubt they were run by elitist who knew what was coming. Anyway...



[edit on 19-3-2010 by Smell The Roses]

Stock up on beans and rice and guns and ammo and get ready for the fight to come.

It will be civil chaos, so, the perfect time to hunt down those Democrats responsible for this mess in the first place.

When the welfare checks stop coming in and the foodcards stop working at the cash register all hell will break loose. So arm yourself and raise a little hell yourself. Those of you in the Suburban and rural areas will be prey to the hungry Urban Democrats. It will be open season on them, collect their scalps.

Stock up on ammo and get ready for opening day. You also might want to band together in hunting parties.

See how many innercity thug and union thug scalps you can collect.

reply to post by Flidais


Kinda funny the way you make it sound but the sad reality of it all it pretty depressing. Luckily for me I moved from MA to NC last August and I now can very easily get a gun. I already have a shotgun here, I bought it at Walmart with my driver's license. Yeah, in a few of the previous posts people mention survival techniques and such, and honestly I am getting more prepared daily as I see more and more signs of what is coming. Who really knows how much time we have before it gets bad. And by bad I mean horrible.