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Prediction - This is how the Empire will Fall

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posted on May, 18 2012 @ 12:09 PM
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I’ve often speculated about what the final straw will be that brings America down. After years of searching I think I’ve finally found the most likely scenario. This may go down as an 'epic fail' but I’ll throw it out there for the record! I try to limit my doom and gloom to a few hours per week but I really feel we’re going to see something bad happen very soon.

A little background:

This weekend the G8 will meet to discuss the future of the EU. In a move reminiscent of Obama’s failed economic policies, the G8 are to advocate new stimulus spending. German Chancellor Angela Merkel is the only G8 leader who thinks getting EU budgets under control and slowing the rate of spending is the way to stave off a complete collapse. What is the advice of the POTUS, you ask? Spend more money, of course, because it’s worked so well in US!!





President Barack Obama, the G8 host, has urged European leaders repeatedly to do more to stimulate growth, fearing contagion from the euro crisis that could hurt the U.S. economy and his chances of re-election in November.

British Prime Minister David Cameron, who has been increasingly vocal in urging Europe to do more to resolve the debt crisis, will tell leaders they must work together to stop it from spreading worldwide, an aide said.
No major economic policy decisions are expected from the talks but officials said Obama hoped to promote a discussion on a comprehensive approach to resolving the crisis.

He will seek to cement a bond with France's new leader at the White House later on Friday before heading to Camp David for the talks.

Francois Hollande, sworn in this week as French president, has already made waves by challenging Europe's austerity focus and saying he will pull French combat troops from Afghanistan by the end of this year.


Where did this notion of spending our way out of economic trouble come from? Socialism?


But the two leaders, who have both expressed support for pro-growth policies in Europe, are expected to form a common front on the euro zone crisis that could dominate this weekend's Group of Eight talks.

Obama's administration spent heavily to tackle the 2007-2009 U.S. recession, and Hollande is seeking to take the edge off austerity with more job-creating infrastructure investments.
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Hollande and the other "growth" advocates in the G8 are counting on German taxpayers to continue funding their spending spree. There is a run on the banks going on now in Greece and other EU countries. We’re likely going to see the EU either completely tank or at least fracture.

So what’s next for the US?

I predict the US will attempt to bail out the EU, the derivatives market bubble will burst very soon and the dollar will be dead by the end of the year; total economic collapse is coming. JP Morgan’s 2 billion dollar loss was a small leak in the bubble. As the curtain is pulled back and the derivatives market is exposed for the fraud that it is we will see the dollar implode. There is no bailout once that happens. Obama can line up all his minions and print as much money as he wants but there will be no fix.

Don’t believe me? Maybe you’ll believe RP or Lindsey Williams.






The way to save the EU and the US is through austerity measures. Nations have to stop living beyond their means. Does anybody believe Obama will cut spending here in America as Merkel is suggesting G8 countries do?? His track record says NO! We’re talking about the biggest spending POTUS in the history of America!! We borrow more than we spend and hyperinflation is the likely outcome.

Even if we did adopt a tight budget to rein in spending it may not be enough. The estimates about the money tied to derivatives exceed the GDP of all countries combined. This will still pose a threat to people of every country and I doubt any economy could withstand a collapse of the derivatives market; how could they, especially in the current weakened state of the world’s economies?

Good bye, US of A --- Hello, US of Weimar.


The Weimar Republic had some of the most serious economic problems ever experienced by any Western democracy in history. Rampant hyperinflation, massive unemployment, and a large drop in living standards were primary factors. From 1923–1929, there was a short period of economic recovery, but the Great Depression of the 1930s led to a worldwide recession. Germany was particularly affected because it depended heavily on American loans. In 1926, about 2 million Germans were unemployed—this rose to around 6 million in 1932. Many blamed the Weimar Republic. This was made apparent when political parties on both right and left wanting to disband the Republic altogether made any democratic majority in Parliament impossible.

The Weimar Republic was severely affected by the Great Depression. The economic stagnation led to increased demands on Germany to repay the debts owed to the United States. As the Weimar Republic was very fragile in all its existence, the depression was devastating, and played a major role in the NSDAP's takeover.



Most historians agree that many industrial leaders identified the Weimar Republic with labour unions and with the Social Democrats, who had established the Versailles concessions of 1918/1919.
link

Any of that 'Weimar' scenario sound familiar to you??


Watch for an EU bailout from US, the collapse of the derivatives market bubble and a run on US banks very soon.

Time will tell if I'm right and I'll be around to take your ridicule if I'm wrong!





edit on 18-5-2012 by seabag because: (no reason given)




posted on May, 18 2012 @ 12:19 PM
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Bah...

Spend more money. I think they just want to stimulate interests rates and profit margins. Hey, It's worked so well in the past.


Can we elect Germany's chancellor?



posted on May, 18 2012 @ 12:27 PM
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reply to post by SLAYER69
 



Can we elect Germany's chancellor?


If we can elect a black man from Kenya I don’t see why a white woman from Germany would be a problem!


At least she has experience!



posted on May, 18 2012 @ 12:43 PM
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I would just like to point out that austerity measures have worked fantastically in Greece. /sarcasm

Either way, the gig is up. No matter what we do, it's going to hurt a lot.



posted on May, 18 2012 @ 12:51 PM
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reply to post by AnIntellectualRedneck
 



I would just like to point out that austerity measures have worked fantastically in Greece. /sarcasm


Because people don’t want to shoulder the burden their out of control government has created! It’s as simple as that. They want more FREE STUFF.

What would your suggestion be to the Greeks if not austerity? Spend their way to prosperity?

How many jobs has Obama created with all of his spending?



Either way, the gig is up. No matter what we do, it's going to hurt a lot.


All of my research into the Mayan 2012 thing, Aliens, Elinin, etc, etc hasn’t exactly panned out. This economic situation is the REAL DEAL and is likely to bring about the end of the world as we know it.

I hope we’re both wrong and nothing bad goes down.



posted on May, 18 2012 @ 12:51 PM
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I don't think there has to be an Empire ending scenario .
Austerity is bs. Pure and simple. The big bucks want us to
believe we have to make these cuts on the backs of the
working class, but it's a big fat lie.
Corporations are the most profitable they have ever been.
Ever. EXXON, for example, makes about
12 billion in profit every 3 months.

To put that in perspective, the (not real) budget short fall
in Wisconsin was about 1 billion. For the entire year.
Teachers Fire fighters etc were on the losing end of that
austerity measure. Losing health care pensions 401k's etc.
Corporations benefit through Austerity. Tax cuts
given by Gov. (I'll sell my grandma) Walker is a good example.

The amount in cuts Walker gave to the Corp, like The Koch Bros.
was coincidently 1 billion dollars. Hmm...
EXXON could have covered all of Wisconsin's short fall
for the whole year for 1/12 of their profit made in 90 days.

Austerity measures are the new BIG lie.
Stop helping the Ridiculously Rich get richer.



posted on May, 18 2012 @ 01:00 PM
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Here is what Bernanke is doing to our economy. This was his answer to the Japanese stagflation of the 90's. I found this a great read and it will lay open the FED plan to restart the economy through creating aggregate demand through inflation.... in laymans terms Bernanke is creating inflation and then people think they have more money so they buy and stimulate the economy... wrong Ben...

www.princeton.edu...



Diagnosis: An Aggregate Demand Deficiency
Before discussing ways in which Japanese monetary policy could
become more expansionary, I will briefly discuss the evidence for the
view that a more expansionary monetary policy is needed. As already
suggested, I do not deny that important structural problems, in the
financial system and elsewhere, are helping to constrain Japanese
growth. But I also believe that there is compelling evidence that the
Japanese economy is also suffering today from an aggregate demand
deficiency. If monetary policy could deliver increased nominal
spending, some of the difficult structural problems that Japan faces
would no longer seem so difficult.......

Alternative indicators of the growth of nominal aggregate demand
are given by the growth rates of nominal GDP (Table 1, column 4) and of
nominal monthly earnings (Table 1, column 5). Again the picture is
consistent with an economy in which nominal aggregate demand is growing
too slowly for the patient’s health.



and if you look at pages 11-12 you can see what Bernake is doing tot he US economy proping up real estate prices and low interest to help creat consumer demand...


edit on 18-5-2012 by fnpmitchreturns because: (no reason given)



posted on May, 18 2012 @ 01:01 PM
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reply to post by sealing
 



The amount in cuts Walker gave to the Corp, like The Koch Bros.
was coincidently 1 billion dollars. Hmm...
EXXON could have covered all of Wisconsin's short fall
for the whole year for 1/12 of their profit made in 90 days.

Austerity measures are the new BIG lie.
Stop helping the Ridiculously Rich get richer.


Austerity measures can come in the form of suspending government subsidies to big businesses (and other things the government has no business in)? How about congress passing a budget?? Maybe they should pass a balanced budget amendment too??? How about defunding wars that were never approved by congress in the first place?? Does all that sound stupid to you?


When you borrow and spend more than you earn and you can’t pay your obligations (debt) then you must cut spending. I’m not suggesting breaking the back of taxpayers!! I’m one of those tax payers!!!!




edit on 18-5-2012 by seabag because: (no reason given)



posted on May, 18 2012 @ 01:12 PM
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reply to post by fnpmitchreturns
 



and if you look at pages 11-12 you can see what Bernake is doing tot he US economy proping up real estate prices and low interest to help creat consumer demand...


In essence he is creating new bubbles and false security.

WE'VE BEEN WARNED! so this shouldn't be a surprise to anyone.

Coming out of recession you want to revitalize the economy without increasing inflation. Nothing the FED is doing is new, like their sterilized bond buying. They don’t have a clue about the right way to fix this and they’re just about out of options, which is why I think a few more hits to the economy and they will be completely powerless to do anything about it. They're fighting a wild fire with a bottle of water right now!

edit on 18-5-2012 by seabag because: (no reason given)

edit on 18-5-2012 by seabag because: (no reason given)



posted on May, 18 2012 @ 01:25 PM
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Maybe it would help if the people who have lots of money spent more of it instead of just hoarding.

It's weird that they seem to get more free stuff and perks than anyone else! 'Here have a new car, watch, dress' because it does the brand good or whatever! It's a joke.

I am just watching the play unfold now, I am past doubting that this whole game is rigged.

I don't know if it will happen as suggested, it may. It seems it either will happen and be awful or a last minute 'miracle' however it goes, I may just raise an eyebrow but nothing will surprise me any more.



posted on May, 18 2012 @ 01:47 PM
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reply to post by Threegirls
 



Maybe it would help if the people who have lots of money spent more of it instead of just hoarding.


You’re right but its cause and effect. The government is responsible for creating market stability through sound economic policy. If the market is volatile and the government is over regulating business (or in bed with businesses), people stop spending money and do crazy things (like hoarding money).


There is a lot of blame to go around but the job creators aren’t the problem here IMO…



It's weird that they seem to get more free stuff and perks than anyone else! 'Here have a new car, watch, dress' because it does the brand good or whatever! It's a joke.

I am just watching the play unfold now, I am past doubting that this whole game is rigged.


Don’t take that bait. Class warfare will get us nowhere. The average executive isn’t the cause of our problems, though there really IS a 1% mucking things up. Most of us have never seen a real 1%’er, so your observations were merely of people who are successful (not 1%’ers).



I don't know if it will happen as suggested, it may. It seems it either will happen and be awful or a last minute 'miracle' however it goes, I may just raise an eyebrow but nothing will surprise me any more.


It is hard to be surprised anymore but if what I think will happen actually does it will be impossible to ignore. The new reality will affect us all in countless ways.



posted on May, 18 2012 @ 02:04 PM
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Originally posted by seabag
reply to post by fnpmitchreturns
 



and if you look at pages 11-12 you can see what Bernake is doing tot he US economy proping up real estate prices and low interest to help creat consumer demand...


In essence he is creating new bubbles and false security.

WE'VE BEEN WARNED! so this shouldn't be a surprise to anyone.

Coming out of recession you want to revitalize the economy without increasing inflation. Nothing the FED is doing is new, like their sterilized bond buying. They don’t have a clue about the right way to fix this and they’re just about out of options, which is why I think a few more hits to the economy and they will be completely powerless to do anything about it. They're fighting a wild fire with a bottle of water right now!

edit on 18-5-2012 by seabag because: (no reason given)

edit on 18-5-2012 by seabag because: (no reason given)


I whole heartly agree we have an asset bubble problem but I believe the assett bubble is already in existence and it has already been formed. the dervivative bubble. I look at the current money pumping as an effort to keep the bubble from deflating quickly and causing a crash rather than a slow deflation of the bubble. I don't believe either is possible because the bubble is too big to keep from crashing the economy and or the American taxpayer.



posted on May, 18 2012 @ 02:05 PM
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Originally posted by SLAYER69


Can we elect Germany's chancellor?


We already have a Hitler like Figure,I assume you were talking about Angela Merkel.............




posted on May, 18 2012 @ 02:21 PM
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reply to post by fnpmitchreturns
 



I look at the current money pumping as an effort to keep the bubble from deflating quickly and causing a crash rather than a slow deflation of the bubble.


I agree. The question is why? Why would OUR money be spent easing their losses?



I don't believe either is possible because the bubble is too big to keep from crashing the economy and or the American taxpayer.


Well…that depends. The people who invest in derivatives are the uber-wealthy, right? I surely don’t own any derivatives. It’s basically a casino for global bankers and multi-national corporations, the same people corrupting our country for 40 years. So let them take a loss!!!! They’re the ones who caused the bubble!!!!

Not that the loss won’t affect us but I want it to be extremely painful for them! Maybe that derivatives market collapse is a way to take the banksters and big corporations down a notch and break free from their control. Right now they’re trying to make countries pay for their loss which is BS!!

Am I completely off or is this what’s going on?



posted on May, 18 2012 @ 05:27 PM
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That right there is one of the biggest things that piss me off about corporate hacktacvism corporations only get tax breaks and credits the same thing everyone and everything else gets in this country.

Add the fact with the federal sales tax on gasoline the feds makes 7-14 billion dollars per day off GAS multiplied by 365 days a year.

The only reason multinational corporations are doing well is because they are MULTINATIONAL if people still can not comprehend what that means small business which accounts for over 60 percent of all jobs in this country are being strangled.

Cause/effect we have 88 milliion Americans out of work and under employed, 66 million on social security that same 66 million on government insurance called medicare then add how ever many millions are on medicaid oh
can't forget the 1 trillion in student loans or the 9 trillion of assets fanny and freddy have that is a recipe for disaster.

Social engineering has led us they created the mess they will never offer the solution the only solution is to restore this country to its original constitutional republic and restore free market principles and end the federal reserve that makes that free market impossible

This so called empire began it's decline with Wilson and it has been on that steady track to this current point in time.

It is game over American selfishness and American stupidity from its own people and it's own leaders is the problem.

Right now we all see just how much value that trophy has that was awarded to them for just showing up in life.



posted on May, 18 2012 @ 05:53 PM
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Originally posted by seabag
I’ve often speculated about what the final straw will be that brings America down....


Where did this notion of spending our way out of economic trouble come from? Socialism?






...Keynesian economics is an economic theory named after John Maynard Keynes,

a British economist who lived from 1883 to 1946.
He is most well-known for his simple explanation for the cause of the Great Depression.
His economic theory was based on a circular flow of money, which refers to the idea that when spending increases in an economy, earnings also increase, which can lead to even more spending and earnings.




helicopter Ben Bernanke is a solid advocate of print & spend money !!

No-Bama did the same with his 'shovel ready' stimulus BS too
They are all nuts in the bowl


Austerity for the masses is half the equasion... cutting 'defense' by 80% is the other half of the equasion

spending money from thin air is a stoopid monkey slution
edit on 18-5-2012 by St Udio because: typoed a missing 'o'... hunt and find for 50 points



posted on May, 18 2012 @ 05:56 PM
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I'm an Australian so please forgive my ignorance....

I'm told that when Romney gets voted in he will save the world? He will give big tax cuts to the wealthy. He will restore capitalism to its rightful priority and dismantle socialism in the US.

Now having done a little more reading about derivatives, I'm just wondering, how does a meltdown in the derivatives market occur? Yes it happened in 2008 because there was a lot of underlying toxic assets in the US, but a lot of this is now gone and I guess sitting on the Fed Bank's balance sheet, safely tucked away from the banks. So can someone explain?

Btw I too believe there's going to be a massive systemic financial and economic collapse, but cannot see how the same dynamics as it were in 2008 will be the trigger.

And socialism? So ism this, ism that. Socialism doesn't cause individuals or their governments to overspend. Idiots themselves overspend. Easy to pontificate that Greeks live within their means, and certainly they should of in years gone by, but now the big hawks are seeking big profits and their interest rates on their debts are in the stratosphere. Say you had a 250 k loan at 5 per cent. You can pay this provided you live modestly etc. Now force that 5 per cent to 30 per cent and see how living within one's means can pay that otherwise manageable debt down.



posted on May, 18 2012 @ 08:34 PM
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reply to post by surrealist
 



I'm an Australian so please forgive my ignorance....

I'm told that when Romney gets voted in he will save the world? He will give big tax cuts to the wealthy. He will restore capitalism to its rightful priority and dismantle socialism in the US.


Thanks for the response!


Nobody knows what Romney will do. We only know what he ‘says’ he will do (kinda like Obama and every other person prior to taking office). As far as “tax cuts for the wealthy,” we’ll likely get that whether we get Obama or Romney.



Now having done a little more reading about derivatives, I'm just wondering, how does a meltdown in the derivatives market occur? Yes it happened in 2008 because there was a lot of underlying toxic assets in the US, but a lot of this is now gone and I guess sitting on the Fed Bank's balance sheet, safely tucked away from the banks. So can someone explain?


Ask JP Morgan!


The banksters and multi-national corporations started their own casino; they bet on winners and loser and hedge their investments. They lose the same way you or I lose when we have stocks. When they lose and didn’t hedge correctly (or in our case – diversify) then they lose big. The difference is that they are all in MUCH deeper than the average big-wig investor. When the big boys lose they lose BILLIONS or TRILLIONS.

JP Morgan ALONE holds over $70 TRILLION in derivatives. The 9 largest banks in the US hold a combined 200 TRILLION in derivatives!! Who will pay when they lose even a portion of that because obviously no company could afford that?? AMERICAN TAXPAYER WILL!!!!

HOW and WHY?? Obviously its unsustainable.


Btw I too believe there's going to be a massive systemic financial and economic collapse, but cannot see how the same dynamics as it were in 2008 will be the trigger.


It will be worse. Read this article and maybe you'll better understand.


And socialism? So ism this, ism that. Socialism doesn't cause individuals or their governments to overspend. Idiots themselves overspend. Easy to pontificate that Greeks live within their means, and certainly they should of in years gone by, but now the big hawks are seeking big profits and their interest rates on their debts are in the stratosphere. Say you had a 250k loan at 5 per cent. You can pay this provided you live modestly etc. Now force that 5 per cent to 30 per cent and see how living within one's means can pay that otherwise manageable debt down.


Socialism causes the ruling class (government and the elites) to overspend and the rest of us get shafted with measly had-outs. It also destroys any type of free market whereby limiting the individual’s ability to earn a proper and prosperous living.

It’s a vicious cycle that puts more money in the hands of the ‘haves’ and further buries the ‘have nots.’ Much like communism, maxism and other ‘isms’ you’d LOVE to ignore.


Funny how that always seems to happen, huh?


edit on 18-5-2012 by seabag because: (no reason given)



posted on May, 18 2012 @ 08:55 PM
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reply to post by St Udio
 



helicopter Ben Bernanke is a solid advocate of print & spend money !!

“Helicopter Ben?” That’s nice!




No-Bama did the same with his 'shovel ready' stimulus BS too
They are all nuts in the bowl

Agreed!


Austerity for the masses is half the equasion... cutting 'defense' by 80% is the other half of the equasion

As I previously stated in THIS POST: Austerity measures can come in the form of suspending government subsidies to big businesses (and other things the government has no business in)? How about congress passing a budget?? Maybe they should pass a balanced budget amendment too??? How about defunding wars that were never approved by congress in the first place??


spending money from thin air is a stoopid monkey solution


Obama is the most recent poster boy for how stupid it is. How much has he spent and how much better off are we????



posted on May, 19 2012 @ 05:38 AM
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Annoyingly, we wouldn't be in such a mess if big companies paid their tax's fairly and stopped using tax havens. Next time you hear some politian say "we're all in this together! We're going to get tough on tax avoidance!", just watch if they touch those companies, i bet they don't. Hell, Vodaphone in the UK is still up an running, and they owe a HUGE taxbill, but they got let off the hook for it. I'll try and find some info because i can't remember the figure of the top of my head, it was in the millions though i know that.

www.guardian.co.uk...


For Vodafone, HMRC reduced a potential liability not of about £7,000 to a little over £1,000 but of about £7bn to a little over £1bn and left the second-largest company on the stock market with a remarkably light tax bill.


If these companies played fairly, and paid their tax's, then we would be alright, our budget would not be half as bad, people wouldn't have to be loosing their jobs constantly. We may still be in a bad spot for a couple of years, but nothing compared to what we are like now.
edit on 19-5-2012 by Trolloks because: (no reason given)




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