Can the accumulated debt ever be paid, can the debt accumulation be stopped, if the answer is no. Then to contain a collapse of the monetary
system you have to pretend all is well, at the same time that the economy is collapsing. They are having to stop the price of PM"s from taking off
into space, because if they compete with the dollar its curtains. They have to keep printing to bail the banks out, or they will go bust and take down
the system. They cant give money to the consumer because their would be massive inflation, the Bonds have to be controlled, along with the Share
market, along with controlling any News which is negative. Runs on Banks must be controlled, by limiting withdrawals. It has got to be a nightmare if
you are trying to control this monster. The truth is at some point the monster cant be contained and they will just have to let things run their
course. If they let it run its course, the social unrest taking place in many countries will inevitably hit home , that's why we are getting non stop
political soap operas, it keeps the populace busy thinking that when such and such is settled it will be ok. What's going to happen is going to be
akin to the Bronze age collapse, or the Fall of the Roman Empire times three. Simply because modern society hasn't got the resilience to cope with
stresses, that primarily tear itself apart.
Think about it , it's oil which keeps this fragile society ticking, all these oil states, would never have accepted a deal in only American dollars,
because at some stage it would go the way of all fiat paper, they took Dollars and Gold, the Dollar can be exchanged for real money, only if the price
of the yellow stuff is controlled, and quietly converted so as not to start a bull run on available supplies. The London bullion market set the price,
that's why the Arabs like to live in the City, and have a say on the price Fix. So essentially all middle Eastern oil is sold for gold priced in
American dollars. That was well and good but the consequence are that all the oil that's been pumped and burnt by one side has nothing , the other
side still has all the wealth in Gold/Silver. So are the American soldiers in the Middle East to protect the oil, or the Gold or both? Libya probably
has the answer. Anyway the Russians and the Chinese, can see what's happening, and are accumulating Gold along with a few others, because fixing the
price of Gold against the Fiat American dollar for oil, only works as long as their is plenty of above ground gold and of course its poor sister
silver, but as of not so long ago they are paying well over spot for future production. Which means they wouldn't pay that amount, if their was
plentiful supply, and if they didn't know with certainty that the price at the moment was to low far to low. Because what is the real price of all the
oil under the sands of Saudi Arabia, its as much Gold as you can get.
Just to be sure we get it, think about Libya's Gold and also Iraq's .
We are going to have to blow off the currency and go for Credits like in Star Trek.
Their is no way to print money and charge any percent return of the money and not end in a crash. It may take so long people don't realize it until it
is too late.
Meanwhile the average profit from investing the the stock market over the life of the stock market is 12%/yr. Panic is how the market profits and
losses occur. To be strong and hold when there is a recession can reap great rewards when the bounce back comes in.
edit on 31-10-2019 by Justoneman because: (no reason given)
a reply to: toysforadults
I am in the same boat, and have a rather large amount of savings for the same reason. Coming of age during the "great recession" will do that, and
make many question every penny.
Sure it isn't the majority of the population in my age bracket, however it is something like 35% which are saving everything possible while the
remaining 65% spend every penny they get. The disparity there means that on average the savings and investment rate for my generation is going up in
comparison to older generations that saved at lower overall rates but more people saved.
The reason the large banks don't want to lend to other banks overnight at 2% is that they would rather enslave credit card customers at 17%
One thing that seems a little odd though is that smaller banks are experiencing a big jump in credit card delinquencies?
Smaller banks saw the delinquency rate spike to 6.34% from 5.73% the prior quarter 2019. Same banks were experiencing only about 2.5% delinquency
back in 2015.
Employment has slowed since last year although there are still plenty of jobs.
6.34% credit card delinquency rate is a lot higher than the (official) 3.6% unemployment rate. Even the U6 unemployment rate is at the lowest its
been since October 2000 at 6.5 percent Oct 2019, so the consumers should not be having trouble meeting their financial obligations.
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