If this is true, the whole economic system is KABOOM for good

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posted on Oct, 22 2010 @ 08:30 PM
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I think this is true. Here is why...

Quantitative Easing (QE I) spearheaded by the Chairman of Federal Reserve, Ben Bernanke delayed the inevitable demise of the fiat shadow money banking system slightly over 18 months.


That is about when it became obvious as to what was really going down.

how long...can they continue the juggling game? ...


Trade has jumped by 20% in the three years since the last survey was conducted by the Bank for International Settlements (BIS), which is sometimes called the "central bankers' bank".

But London outpaced the average, with turnover up by 25% over the period.

Some $4 trillion (£2.6tn) changes hands around the world every day.

The BBC's business editor, Robert Peston, points out that the sum is equivalent to the entire output of the global economy being traded around once a fortnight on currency markets.

www.bbc.co.uk...

So why do they do what they do? They are not ready yet...the crash will come, but only when they let it.


the words of Bernanke “the recent pace of growth is less vigorous than we expected” has all but vindicated my analysis. He warned that the outlook is uncertain and the economy “remains vulnerable to unexpected developments”.

Obviously, Bernanke’s words do not reveal the full extent of the fear that has gripped central bankers and the financial elites that assembled at the annual gathering at Jackson Hole, Wyoming. But, you can take it from me that they are very afraid.

Why?

....The “unexpected developments” Bernanke referred to is the collapse of the global banks. This is FED speak and to those in the loop, this is the dire warning.

www.globalresearch.ca...


So what we have is a merry-go-round of monies moving from the right pocket to the left pocket at the click of the computer mouse. The FED creates money, uses it to buy toxic assets, and the same money is then returned to the FED by the global banks to earn interest. By this fiction of QE, banks are flushed with cash which enable them to earn interest. Is it any wonder that these banks have declared record profits?

12) The global banks get rid of some of their toxic wastes at full value and at no costs, and get paid for unloading the toxic wastes via interest payments. Additionally, some of the “monies” are used by these banks to purchase US Treasuries (which also pay interests) which in turn allows the US Treasury to continue its deficit spending. THIS IS THE BAILOUT RIP OFF of the century.

Now that you fully understand this SCAM, it is left to be seen how the FED will get away with the next round of quantitative easing – QE II.

Obviously, the FED and the other central banks are hoping that in time, asset prices will recover and resume their


Enter left stage, Foreclousure Gate...bail out round three.




posted on Oct, 23 2010 @ 02:47 AM
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The government does one hell of a job of keeping the general population in the dark. We really have not the slightest clue about half of the things the government is really up to. Most things are just considered conspiracy theories by way of them. The truth is you can never trust anyone who is driven by greed. The worlds richest 1 percent, (adults with at least $588,000 to call their own) hold 43 percent of the world’s wealth, all by themselves. No other nation, to be sure, holds as much total wealth as the United States. With only 5.2 percent of the world’s population, the United States can claim 23 percent of the world’s adults worth at least $100,000 and an even greater proportion, 41 percent, of the world’s millionaires. That proves just how greedy the U.S. is in the first place. So for some reason the eventual downfall of our economy doesn't strike me as odd, much less by surprise, but more untimely. Untimely because well it's happening while I'm still here.

(Funny the motto of the U.S. is "In God We Trust" But people with power and money perceive themselves to be God and play God. Now look at em'. Scrambling around like a bunch of morons to cover up their mistakes.)

Sigh...I'm really hoping it won't hit the fan...I mean really hit the fan, like chaotic-let's loot-set cars on fire-bartering system-pillage & rape-hit the fan!? Ya....I think I'm a bit paranoid and sleepy....



posted on Oct, 23 2010 @ 03:07 AM
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This news flash just in!

B.O.H.I.C.A.



Well... you can't say you weren't told.



posted on Oct, 23 2010 @ 06:51 AM
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Michael Hudson explains current crisis - El Economista habla con M. Hudson www.youtube.com...#!



posted on Oct, 23 2010 @ 05:04 PM
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Originally posted by Asktheanimals
That is, unless humanity can unite and excise this world cancer of crony capitalism.

So are you saying 'crony capitolism', or that all free market capitolism is crony? The only option to capitolism is the way things have ONLY been shown by history to end up in slavery, and despotism. Just because we have criminals in the market, don't throw the baby out.



posted on Oct, 23 2010 @ 05:07 PM
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Originally posted by Vitchilo
reply to post by wutone
 


Probably.

And Obama, as usual, shills for the banks and protect their frauds, just like Bush and Clinton did.

Obama Team Punts On Foreclosure Fraud: 'For The Banks and Servicers To Fix'

Yeah, the BANKS WILL FIX THEIR OWN PROBLEMS UH? Rapists will punish themselves? Murderers will punish themselves?

First of all, these crooks are all related. They have huge payoffs coming into their PACs to make sure that the elected crooks don't bit the hand..If we vote Progressive Facist Republican, or Progressive Communist Democrat, two sides of the same coin. Vote ANYONE else in.
OBAMA IS A TRAITOR FOR SUPPORTING THOSE CRIMES AND ANYONE KNOWING THIS SCAM AND STILL SUPPORTING OBAMA IS INSANE.
edit on 20-10-2010 by Vitchilo because: (no reason given)
edit on 23-10-2010 by Gregarious because: Didn't place comments in first...



posted on Oct, 23 2010 @ 07:09 PM
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Look's like they all agree with Geithner....we are screwed





www.washingtonpost.com...



posted on Oct, 23 2010 @ 07:19 PM
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reply to post by Stewie
 


Did you say walk away? I wonder what the banks would do if we all just filed bankruptcy? ALL AT ONCE. I guess that would leave the banks with their billy stuck you know where.



posted on Oct, 23 2010 @ 08:24 PM
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reply to post by nite owl
 

Actually, I think that is what will happen.

The gig is up in my opinion. It is just a matter of when "they" decide to drain the bathtub.



posted on Oct, 23 2010 @ 08:27 PM
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posted on Oct, 24 2010 @ 11:33 AM
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Originally posted by Common Scarecrow
In the past week there have been 44 earthquakes just north of Little Rock, Arkansas. This is an area that hardly ever gets earthquakes.

ALL of the "earthquakes" have been at a depth of 3 miles or less. VERY shallow for earthquakes.

More like a depth for some very large underground tunnel blasting.


These are firstly NOT unusual as there have been regular earthquakes in the area SE of Guy for well over a year. (303 in the last 365 days of Mag 1.0 or over.), but thay may well be man caused if not man made. The main concentration is in an area approximately 6km across - rather wide for a tunnel, but actually this is all caused by oil and gas extraction and the cause is fracking. See this article

Natural split lines that occur in shale are extended by hydraulic pressure - this is called fracking - and this is causing untold problems of contamination of water supplies both in Arkansas and Wyoming and I believe some other places. Shale is the last place you would choose to build a tunnel as it is basically unstable, and it is this instability that is used by the exploitation exploration companies to get at the gas and oil.



posted on Oct, 25 2010 @ 06:19 AM
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The system was set to fail since the creation of the Federal Reserve. There are Lawsuits on the books since the 1960s that should have set precedence for the illegality of the creation of false assets by the banks. Here is a short video that explains the concept:

.


"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford



posted on Oct, 25 2010 @ 06:42 AM
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reply to post by SunshineLaws
 


Thats a bit of kicking in open doors.

Why is inflation bad? And what else can money be than debt? Money is nothing more an official IOU paper. And our current system can work without both bankruptcy and increase in money supply. All these videos seem to ignore that money that is payed as interest is just as much part of the money in circulation as any other money. It is a service you pay for, much like going to a barber. When you go to a barber, the money also does not mysteriously disappear.
edit on 25-10-2010 by -PLB- because: (no reason given)



posted on Oct, 25 2010 @ 08:47 AM
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I'm thankful to live in an area abundant in natural resources, so when infrastructure breaks down I shouldn't have to worry about the cannibal hordes when the food runs out.



posted on Oct, 25 2010 @ 12:52 PM
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Bump Bump
Bump Bump

Btw does anyone have any idea what is going to become of this situation by January? It will help me to decide on a course of action



posted on Oct, 25 2010 @ 01:17 PM
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i got one foot out the door to a hideout in costa rica
meanwhile im stuck in phx wondering if i got enough ammo.
Survivalistboard.com if you want a crash course.
hurry-times running out-



posted on Oct, 25 2010 @ 01:29 PM
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I think some of you are really missing the forest for the trees.

If you are correct and the whole damn economy is controlled by fat cats, why would there be anarchy? Why would they allow the economy to go to pure crap without a safety switch? If they did they would lose control of the populace. It seems to me they control the economy to control the population.That would put their lives in danger. i don't see that happening. I think there is going to be some pain yes, but it's not going to be Mad Max. Remember-if the whole system collapses even the wealthy will be SOL.



posted on Oct, 25 2010 @ 05:57 PM
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reply to post by -PLB-
 

I read the entire thread before I posted. There were several members that were asking questions about how things worked. I thought the video would go a long way in explaining the Financial Institutions multiplier effect on money through the system. Economists have debated for years about how much inflation is "bad vs good" for economic growth and stabilization. Discussing inflation would be off topic.

So on topic: Yeah, taking all the current events in the World's economy, I would like to call Banker this millennium's Robber Barons.



posted on Oct, 25 2010 @ 11:50 PM
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Originally posted by pmckart

Originally posted by butcherguy

Originally posted by -PLB-
reply to post by butcherguy
 

Sorry man but plastic has all of the same qualities as gold, but plastic is actually better because it doesn't biodegrade at all,

Boy have you got it wrong. Takes about ten years, and all plastic or rubber is useless. When I am restoreing an old car, that is the first thing I do. Replace all plastic or rubber pieces. It becomes very brittle.



posted on Nov, 1 2010 @ 11:17 PM
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Many of you are asking me, what are the sides and, why must I choose. Well here is your answer:

The side of capitalists; those who believe society must be governed from the top down, separating society into two separate hierarchical classes; with the workers of the world below those with the wealth. Or, the side of the universal class or the true socialists, who believe that society is to be ruled by itself, democratically by the workers. Those who believe there is only one class and that democracy and freedom can only exist if there is no top down dichotomy.

Because to not choose is to submit to the prior, to accept that you are a lesser person than the wealthy who rule you, to accept the illusion of freedom cast upon you. You must choose because there will be a revolution, and because as Edmund Burke so eloquently stated, "The only thing necessary for the triumph of evil is for good men to do nothing."





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