Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

Economic Doomsday 2012 In The Cards

Politics / Global Economy Apr 04, 2010 - 10:42 AM GMT

By: Sharon_Kayser

Politics

Best Financial Markets Analysis ArticleWhen a government is dependent upon bankers for money, they and not the leaders of
the government control the situation, since the hand that gives is above the hand that takes...
Money has no motherland; financiers are without patriotism and without decency; their sole
object is gain." - Napoleon Bonaparte, 1815


Many of you surely remember that in 2008, the world elites urged a coordinated action to tackle the threatening down turn, plunging their respective countries deeper into debt to give the bankers an unlimited amount of blank checks, while convincing taxpayers to foot the bill under the guise of acting to save their jobs. Now that the bailouts' side effects are spreading like wild-fire and have obviously become global, the odds are setting us up for a day of reckoning the like of which has never been seen. Liquidation of the Western middle class is unavoidable; let alone the developing countries: for them it will be a lot worse as they have borrowed (from now bankrupt empires) since the end of the colonies. They earned not their independence but a colonization of another kind. If there is no major wake-up call, the entire planet will be left in the hands of a few fascist banks and corporations at the head of a World Government. The wolves in sheep clothing have worked on this for more than 300 years. Money doesn't mean anything to them, but power. This said, it is useful to mention that the system we now have was invented by the Chinese, and began with the Song (960-1279) dynasty. In fifty years from 1260 to 1309 Yuan's paper money was depreciated by 1000 percent!

Former Federal Reserve Chairman, Greenspan: 'We can guarantee cash benefits
as far out and at whatever size you like, but we cannot guarantee their purchasing power'
- February 15, 2005

Back to present: even the so-called rich Arab emirates, Kuwait and particularly Duba, won't be spared either as they have sold out their oil in exchange of usurious loans for more they can endure and caved in favor of the Military Industrial Complex. Dubai is a good example: it is a city born out of the sands in less than one generation and today features architectural marvels. Then came the housing crash without any warning. Last year bad debtors, Western real estate flippers for the most part, were fleeing at the speed of light, a jail time sentence awaiting those who cannot repay.

Bubbles have dotted human history and the latest world bailout bubble marks the beginning of the end. It is about time to acknowledge that globalization will never bring forth anything worthy. Since frameworks are corrupt to begin with, the financial top bodies have always been designed for a monumental takeover: economic hegemony worked its way through insidiously. Those who issue the loans are ruling currencies and thus our lives. They sold us an illusion of democracy while proclaiming our rights to Freedom using "focus groups" to study humans' unconscious desires and exploit them. The Century of The Self offered a twisted version the 'pursuit of happiness'. The nature of the trap is now blatant: the IMF austerity packages are about to become the norm to address this economic decadence. Early March, IMF Dominique Strauss-Kahn has called for new power and expects the Fund to become the world Federal Reserve. But they have more rabbits coming out of their hats such as implementing the global warming bill designed to squeeze $45 trillion out of taxpayers' wallets and other population control agendas under the pretense of mass vaccinations and other subterfuges. Though for anyone wiling to analyze the root causes, there is no egg-chicken dilemma whatsoever. Before we can even assess that there're way too many of us on earth, we ought to consider fraudulent monetary policies that give the impression that we can no longer feed people. It is the crippling inflation, which has put us in this giant mess. Of course, overpopulation theorists will never question this. The stakes are definitely too high, power is addictive and fear is needed to obtain citizens' consent under the guise of saving the job market.

CBS Market Watch columnist Paul Farrell' s assessment is pretty dire to say the least, as it cites 20 reasons that will detonate the Global Debt Time Bomb. His very article was inspired by a Forbes story explaining how this plot of Global Asset Bubble threat could wreck our lives when massive debts come due. Indeed, the dreaded idea of sinking into Depression Part II has become conventional wisdom. As of Mach 26, there were almost 80% Americans said that U.S. economy could collapse. Keeping the bubble afloat no matter what. No April Fool this that needs to be reported. Reality is beyond fiction: Obama urged Congress to come to its senses, alluding that the country would face bankruptcy if the healthcare makeover was rejected.

Additionally - the Euro Block fearing a contagion was still debating whether to rescue Greece while Hedge funds' bets against the euro has risen amid growing apprehension of a backlash against their trading positions. Luckily for the hedge funds,on the Bloomberg site at the end of March, it was announced that Europe would provide more than half the loans and the Washington-based IMF the rest if needed. Of course by IMF, they mean the American taxpayers. If this measure is planned, it will be implemented. Ambrose Evans-Pritchard, from the telegraph.uk, alluding to the Uruguay-INF controlled 2003 default, reported that the deputy-governor of China's central bank regards Greece as the 'tip of the iceberg'. And there is more, the Block recommended to hedge existing investments with insurances against default of a debt instrument. Among those huge Hedge Funds, we find that of George Soros who parades as a gold bug. Right, amid all this turmoil gold and silver prices have room to move a lot higher. However, selling more derivatives products cannot be the answer as the whole financial structure comes down to a mega debt-laden-Ponzi scheme. Doing so will delay the Great Reckoning, while making it a lot worse. Interestingly, as of March 2, the Wall Street Journal reported that the US Justice Dept. has launched a probe into whether hedge funds might have acted together to doom the euro. What a circus! Anyone knowledgeable enough to grasp the flaws of our system, the pump and dump cycles more precisely, will just use a hedge fund at his advantage. A probe is even more ludicrous since regulators allowed Hedge Funds to come into existence; they are the ones who didn't foresee anything wrong with betting on failure in the first place. It is thus hard to believe that derivative traders, selling insurance against risk, have never seen any danger coming either; their exotic instruments are today responsible for more than a quadrillion dollars in notional value. Soon, we'll read how fictive this value was since global indebtedness is at least ten times bigger than the planetary GDP. This is the theater of the absurd: this very quadrillion is a mere virtual amount and represents a bet on doomsday with notes backed by a promise to pay. Ironically, the architects of such a framework are individuals who ask us to trust them. Yet many will find hard to believe in a 'conspiracy', alas there is no way around. S&P, Fitch and Moody were totally co-conspirators of Fat Cat Bankers, misleading investors and consumers before the meltdown. Think of what those rating agencies will do to people's credit rating after the demise. If one still disagrees with this, then one has to admit that the heads at the rating agencies, again the same behind the invention of 'credit scores', are just plain stupid. Whatever your take on it, our fate is either in the hands of a bunch of criminal idiots or intentional financial terrorists.

As a global geopolitical dislocation is taking root, fractional banking has begun to be under attack, and it is not without reason. Usury is the root of all evil. Because every banknote is an IOU, the financial system demands the creation of more debts to be able to pay the interests: that is why the major big banks, Goldman Sachs leading the pack, have engaged in a plot to raise the debt limits throughout in the World. Now their 'meme schemes' is unraveling, we find ourselves drawn in a cesspool of fraudulent monetary policies. Wasn't the Euro currency supposed to bring equilibrium? Brussels is caught in a bind and will eventually reveal its true colors as countries like Portugal, Italy, Spain, Ireland (whose banks need a $43bn injection for appalling lending) and the British Kingdom are on the same trajectory of that of Iceland before it went belly up. Here they are, awaiting an IMF review as they already have received a $2BN rescue package from the fincnial body, a Reuters headline recently read. Greece will have to default �at some point,� UBS�s Donovan said on March 24, 2010. The most appalling came from the German parliament in Chancellor Angela Merkel who suggested that Greece should consider selling some of its islands as one option to reduce debt! Selling to whom, the European Central Bank?

Analogies to Greece abound these days. Even The New York Times doesn't hesitate to refer to it when pointing at the debt load of California and New York. The Max Keiser website recently reported that the Wall Street bonuses were up 17% last year, over 9 billion, it is what occurs when a few at the top monetizes debt at the expenses of an ignorant population. The rumor grows: the insightful CBS show, 60 Minutes , revealed that Goldman Sachs was behind the Wall Street collapse. It would be child-like to even imagime some of those Goldman Sacks executive being sued since the Bush-Obama bailouts have made sure to address the issues behind close doors. Meanwhile let's prepare for a redux: half of commercial mortgages are underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel as of March 30. That bank woes are on the increase shouldn't come as a surprise as the population had begun to live on the edge: the confidence index is too plunging everywhere. To put it bluntly, four of the biggest banks account for 90% of the lending retreat, as they are the ones, who receive most of the bailout package. On February 23, the FDIC assessed that bank lending had the biggest retreat in more than 6 decades, and that there were 702 troubled banks out there, up 27% on 4Q 2009. Everything can be traced back to the Federal Reserve however. The successful bill of Congressman Ron Paul to audit the Money Printers last summer was mainly blocked by several senators inside the Banking Committee, and Bernanke himself claimed that an audit would weaken the trust in some financial institutions. Earlier this year, a new twist revealed the true motivation behind the Federal Reserve audit opponents as it came out that AIG, with the help of Goldman Sachs, had engaged in hiding highly toxic CDOs. The greatest heist ever, assessed Ellen Brown. Now that anger is mounting, last February, Bernanke finally softened his tone and said that he would support an investigation. Timing is everything... Although The Court Of Appeals in Manhattan ruled that the Fed must release records of the unprecedented $2 trillion, we may be almost sure that the results will never be released in a timely fashion, simply because we'll have been sent to Monetary Oblivion before then.

A collapse may come much more suddenly than many historians imagine. The Onion, a satirical online paper, couldn't help itself when writing that U.S. Economy had grinded to a halt as the Nation realizes that money is just a symbolic, mutually shared illusion. Last month, and not so surprisingly, a CNN Poll found that a majority views government a threat to citizens' rights. The Obama administration is for sure planning another massive bailout and more jobless benefit extensions as 20 percent of the Americans work force is without a job or underemployed according a Gallup poll published two months or so ago. The Universal Healthcare bill is just another nail into the coffin. Washington has set itself up a confrontation with Bernanke who warned that the United States could face a debt crisis like the one in Greece. The latter adamantly declared that the central bank won't support legislators by printing money to pay for the ballooning federal debt. As Max Keiser states it: they can only resort to launch a wholesale widespread liquidation in most of the economies in the world. There is no reserve in the banks but a series of black holes created by high-risk loans. It is all electronic funny money anyway. Citibank has already warned its clients that it may deny bank withdrawals but then quickly added that it won't feel like that action will never be necessary. If so, why this measure?

This brings us back to an editorial published by the Foreign Affairs in 2007, and entitled 'The End Of National Currency' and which regards globalization and monetary nationalism as engines to get closer to Armageddon; and argues in favor or a world currency while blaming also antiglobalization economists for spreading the fear of losing economic sovereignty. Economics shapes our way of thinking. Because the large majority doesn't grasp the inner workings of our web of debts, riots will be soon a common fact of life. While violent protests are not the solution, they are inevitable at this stage. Eventually Westerners will discover that that there is not much difference between their continents and China, where in some provinces billboards are aimed at intimidating dissenters and noisy petitioners, and threaten them with imprisonment and 'reeducation through labor camps'. If what you just read seems exaggerated, please consider that the Defense Secretary Robert M. Gates contended that Europe Anti-War Mood is a danger to peace.

Eternal war for eternal peace is what we have earned for letting the web of debt mesmerize us all. It's the fear of losing possessions guided by senseless consumerism that led us there. Just ask Argentineans how they fell after Wall Street pushed them over the edge ten years or so ago. The same outcome awaits Japanese who have seen their life savings steadily vanish as their government enforced bailouts after bailouts during the Asian Meltdown of the 90s, and now find themselves enslaved to a national debt twice bigger than its GDP. The land of the 'Rising Sun' is no longer. It is no better in China whose economic growth has depended on Westerners' buying frenzy for years. What if the latter end up being strapped to the point that spending grinds to a halt? The odds for a crash-and-burn demise were up to 30 percent according to Marc Farber as of February 25. China's official daily newspaper seems to endorse Farber when saying that "The country will probably see a "record trade deficit" in March. No wonder that China has begun to shut US businesses out of country. To be continued...

While preventing people to borrow at their own risks is senseless, institutionalzing usury can only lead to extreme debt monetization and is responsible for environmental mismanagement, widespread corruption, monopolies, diminishing returns and ultimately wars over resources. Letting financial institutions take part in the profits or losses will make them think twice before authorizing commercial and private loans. Demanding an interest regardless of what happens to the borrower is utterly amoral. As for government borrowing, giving blank checks to politicians has been proven lethal, as they can never hold their promises. If they could, national deficits wouldn't exist, that's a simple as that. And as long as we have taxation, the matters won't be addressed. If history is any indication, collecting taxes encourages spending follies. Socrates and Aristotle called democracies the root of despotism. Maybe is it about time to learn from our mistakes?

The only way to extricate us from the impasse is this is through thinking, rethinking our societal models from scratch. The salvation through a period of chaos is necessary to get back onto our feet. If many smile at the dreaded Mayan cosmic predictions that could result in dramatic earth changes, one thing is certain though: there is an economic 2012 in the making.

By Sharon Kayser

monetarydecay.com

Sharon Kayser, screenwriter, works with the Award winning documentary film maker Danny Schechter. Her dramatization DEBT INC is available for sale. Her goal is to organise monthly workshops in Manhattan sponsored by your donations, and which will start in August this year. In her spare time she is an autodidact embracing futuristic concepts such as The Venus Project.

© 2009 Copyright Sharon Kayser - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules