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Originally posted by alienreality
If corrupt officials begin stealing pensions, it is because they made some deal to receive a kickback for helping making it happen.. This should paint a big fat bull's-eye on these people that aid and abed this kind of crime. Of course those doing it will find a way to make it legal first before doing it, but if they do this they deserve to get what's coming to them.
If everything does go south, and cops start gunning for people, as soon as reports of civilians being killed by cops start coming in, will be when all officials and police will become public enemy number one, and people will begin hunting them down and shooting them on site.. Do I like this happening? Absolutely not. But when you get news of your Niece, or someone's grandson being shot by a swat team whether by accident or not, people will take up arms and be in such fear that they will be gunning for politicians and anyone in uniform carrying a weapon. This is what really scares me about such a scenario taking place, and I really hope it never happens.
Politicians and LEO's should start considering this before allowing themselves to be caught up in the whirlwind of stupid.. (Except 99% of our leaders and politicians have already been caught up in that whirlwind of stupid) Or we wouldn't be in the mess we already find ourselves in.
Originally posted by TheToastmanCometh
To add to the op, i'm notsure if the prophecy is true, but it also sounds similar to the 77 countdown on pronounciation book.
Originally posted by METACOMET
This is from the blog of Author James Howard Kunstler. The commentary is a dramatic account of bank failures and market crashes this fall. It's also great doom porn with a short time frame prediction so I thought ATS might enjoy the read.
The roar you hear in the distance this September will be the sound of banks crashing, followed by the silence of business-as-usual grinding to a halt. After that, the crackle of gunfire.
Historians will remark that it was a beautiful August with bright days and cool nights for sleeping, and the Hamptons were ablaze with self-satisfied egos, and that nobody was paying attention to all the mischief that was set in motion the previous spring, not to mention the many seasons of bad behavior that preceded it. And when they returned from vacation, lo, the world was in crisis. What a surprise.
Anyway you look at it, there is no escape from the looming crisis of confidence. The “primary dealer” banks and commodity exchanges behind the spring gold smash are out of tricks and out of gold to play tricks with. Meanwhile, over in the land of paper wealth, the interest rate on the 10-year US Treasury bond clicks up a basis-point here, a basis-point there, like a remorselessly rising sea level...
Some may claim that Kunstler's prediction, with no figures or charts presented, is just doom and gloom fantasy, just something entertaining to read. Others may claim that Kunstler's prediction of a market crash is a mathematical certainty.
Perhaps both are correct. Enjoy.
(Full Article) *Fixed link- Thanks dustytoad
Full Articleedit on 7-8-2013 by METACOMET because: fxlnk
Originally posted by cpdaman
China however is still very dependent on us consumers and vice versa. But u are right about china getting agressive w various countries. I dont think china wants to F w us that bad, but well see
Originally posted by GargIndia
reply to post by SBMcG
You are right.
The government is forcing the banks to hold on to these properties. The banks are benefiting from easy money policies (government is buying bonds held by these banks at par). The government is also letting the banks make money through other avenues. So banks are happy.
Banks will be forced to liquidate the properties if the government stopped buying its own bonds. That will happen in due time, by design or accident.
Originally posted by GargIndia
I think the biggest risk right now is the collapse of petro-dollar as big oil consumers go in for bilateral arrangements in non-USD currencies.
We need to see how this turns out.
Originally posted by cpdaman
IN short QE taper is bull and the markets are so heavily dependent on it that i think (and i think you should PRAY) that the fed keeps the QE going because without it this economy has a good chance of entering a "death spiral" and there really is not saftey net or floor on how bad it can get wrt unemployment, and recession/depression in this consumper economy dependent on spending and confidence. Also anyone with a job that is dependent on consumers spending disposable income should seriously consider changing their field or having plans to at least relocate /move in with family/friends that have a house paid off and ability to pay property taxes. I think the fed can keep this game going another couple years MAX, probably less and when the game ends, it ends very very badly and no matter how much you dislike the current regime you should not be disillusioned to think "the current unfair system crashing down" crash would make anything better for you and me, it will be the opposite. I would prepare now. If i am wrong and they taper in september and the markets and world will be watching the FOMC fed meeting on SEPT 19, then all hell will break out in asset markets.
Originally posted by RedShirt73
One question that's been bugging me lately. The US government is saying that their in a recovery as we can hear all over the MSM and from the political meatslabs. Yet there are cities/towns in the US that are going bankrupt??? I may have just had a stroke or I might be alittle slow on the uptake but this doesn't sound like a recovery more like the beginnings/early stages of a major collapse. Can someone please explain this to me???edit on 7-8-2013 by RedShirt73 because: (no reason given)