Economic Armageddon Incoming !

These two videos are very compelling in there assessment of the current economic house of cards we find ourselves in. Most people don't seem to understand just how dire the economic situation is.
At least at ATS we have some idea.

Why The American Dollar & Economy Will Fail !

This Triggers World Economy Collapse

Video gives five places not to be when this happens and why

The Brutal Numbers Sending America There !

American Debt Clock

Just to give you an idea how this thing is accelerating look at the little box in the top right corner, it gives you the ability to change years going into the past and into the future as well.

The question every person needs to ask is, how long before this whole system implodes on itself, because "IF" isn't even the issue anymore, "WHEN" is ! As the first video says 2 months or two years, it just can't last even another decade.

Gee call me crazy but I hope the narrator in the second video is correct. I hope it brings about a new power structure where local power is the end.

I feel that the reality will be a global collapse where the real world goods are consolidated into even fewer hands followed by the same elite scum offering either/or their one world currency and government as the solution.

Hope I'm wrong and the narrator is right.

May the sheeple become enlightened as to the reality of what's going on.
We've all seen how the Japanese society has held their dignity in the face of nuclear tragedy and how their strong society has come together.

I can only say that many parts of the USA and other Western societies have nearly completely abandoned the concept of humanity, community and togetherness - these areas will be a free for all once the SHTF. Massive prison populations will no doubt "break out" adding to the mix. A lot of small towns will fare better and will no doubt struggle together, helping when and how they can.

I know that I will try my best.

I disagree. We know the problems on the plate and they can be corrected. Simply getting employment back to 95% will take care of it. What we need to do:

1. Eliminate the income tax and tax people based on wealth retained (2-3%) and corporations on revenues(3-5%).

2. Nationalize housing lending for real

. Government is already on the hook for most of the loans and investors get a risk free ride on the governments back. Let the government buy all outstanding home loans and refinance them as best they can to ensure the program costs no money over time. I figure we can cut the average principal by about 20-30% and still make the no loss mandate as a 30 year mortgage at 5% pays back 1.85 times the amount of the original note.

I have posted these suggestions repeatedly on this site, but have recieved zero support. This will work and allow us to restore economic growth and regain full employment through this increased economic growth. Why isn't anyone jumping on the bandwagon to help make this a reality?

reply to post by sligtlyskeptical


Sure what you say would absolutely help.
I have only one word why it won't happen.

GREED

Anyone who can't see this coming, is both ignorant and blind.

The US must be nearly destroyed so that its wealth can be redistributed to the rest of the world, China will ultimately be the new global supreme power.

Enjoy the psychological value in your paper money while it lasts, spend like there is no tomorrow... because unless there are dramatic changes soon, there really is no 'tomorrow'

Here's a vid for you as well.

This guy says the dollar collapses when the Petro Dollar system ceases.

Ha. Obama just said 'one could happen'

Yet, I'm also wondering why Fox News seems to have a different speech from Obama. It's way off than what's playing on ABC. (Way behind/ahead...Something?) Also, he said his birthday was a week away. His b-day is August 4th! It's 2 days after mine. That's more than a week!!!

Something's fishy.

reply to post by gncnew


Interesting video as well, the Petro dollar is variable in all this for sure.
He says they think the breakdown will happen sometime in 2012, interesting if it happens in an election year.
2012 is only 5 1/2 months away.

Poor old Uncle Buck.

The Iranian bourse advances from peddling oil derivatives...to crude.

Tinder, accelerator, or match ?

GL

Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?
Written by John Daly
Monday, 18 July 2011

- The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.

Not surprisingly, many of these concepts originate in countries not enamored with Washington’s influence, perhaps none so more than “Axis of Evil” charter member Iran, which has seen its economy hammered by more than three decades of U.S.-led sanctions. Now Iran is working a program, that, if it succeeds, could help undermine the dollar’s preeminence as the world’s reserve currency more effectively than a Republican filibuster.

Iran’s sly weapon against the Great Satan’s currency? An oil bourse on Kish Island in the Persian Gulf, which has now begun selling high-grade Iranian crude oil.

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- But the Exchange initially traded contracts only for oil-derived products, such as those used as feedstocks for plastics and pharmaceuticals. Now the institution has taken the next step. - Full Text