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Thread: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

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    Default Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    .
    I have been and remain convinced that a major way that the elite bastards manipulate humanity is to drive us into debt, and then collapse the economy, so that they can both collect the collateral backing the failing debt, and institute sweeping changes that would not have been accepted in better times.

    Over, and over, and over, through the centuries, the bastards get individuals, corporations and governments deeper and deeper into debt, and then the bastards crush the income of the indebted, forcing default.

    We, humanity, are now burdened by the greatest debt burdens in recorded human history. Individuals, corporations and governments, large and small, rich and poor, world wide both (1) now owe more than they have ever owed, more than they could repay, even if good times continued, and (2) depend increasingly on both (2a) government promises of social benefits and (2b) financial industry promises of returns on insurance and retirement plans, which depend in turn on ever rising stock, bond, and business returns.

    ===

    The Great Global Depression is bearing down on us.
    All nations and corporations outside of the US that owe any significant debt denominated in US Dollars will be unable to repay that debt, as US Dollars abroad become increasingly scarce. Trump's Tax Bill of late 2017, and his new raising of trade tariffs, are two of the measures that are shrinking the available supply of US Dollars outside of the US.

    The European Union has its own immense and still expanding debt crisis. I don't understand the dynamics and details of it as well, but it's surely a train wreck of great proportions, waiting to happen. Whatever elements of European culture, tradition and nationality are least liked by the elite bastards will no doubt be blamed for the immense train wreck, once it unfolds.

    Within the US, where I have studied matters more, I suspect that the ever excellent Brandon Smith is right, in his most recent article White House Soap Operas Distract From Real Global Dangers. Brandon writes that Trump is being setup to take the blame. The political dramatics that have so engaged both the "left" and the "right" (e.g. Trump's tweets and Qanon's posts on 4chan and 8chan) in the US in the last couple of years, surrounding Trump, Hillary, and related drama are an equivalent to the "Bread and Circuses" of the Roman Empire. Trump will be blamed for starting a trade war, and that trade war will be blamed as a major cause of the Great Global Depression that begins, I expect, in 2018.
    ===

    The timing of the beginning of such credit collapses is always tricky to forecast. Like many arm chair analysts, whether untrained part-time amateurs such as myself, or respected financial experts, it seems that for every correct forecast of a major event, there are ten more such forecasts that come to nothing.

    Yesterday, Zerohedge had an important article, which causes me to once again anticipate that this is the year that "It blows up, real good." The Zerohedge article Soaring LIBOR Is The Story Of The Year, Not The Fed documents the strong rise in LIBOR, to levels not seen since the 2008 crash. "LIBOR" is the London InterBank Offered Rate, which is a measure of the rate that banks are charging each other for short term loans between themselves.

    This sharp rise in LIBOR, alongside other measures such as the rising Fed Funds Rate (of the US Federal Reserve) and the increasingly aggressive reduction in the Fed's balance sheet, are all indicators of the sorts of actions taken, again and again through the history of at least the last few centuries, when the elite bastards starting cutting back on easy credit and crashing the stock and bond markets, so that they can pick up the pieces for pennies on the dollar and institute sweeping changes.

    ===

    I especially recommend the above linked article of Brandon Smith - he writes well and in a way that I expect quite a few of those reading this post will appreciate.

    The above linked LIBOR article on Zerohedge is a bit more for eggheads who have taken more interest over the years in financial markets. I find it to present a powerful case that the time of the next great debt collapse is rapidly approaching.

    Given the size of the size of the world debt market, including the size of promised financial returns and social benefits that will not, can not, be kept ... the next great debt collapse, when it does occur, will likely be the greatest such collapse in recorded human history.
    Last edited by Paul; 24th March 2018 at 00:45.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Good post.

    b.t.w. Tom Luongo has a really great, must-listen commentary on the rising Libor rate.

    https://www.youtube.com/watch?v=FUo0...ature=youtu.be

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Wars will precede the global economic collapse and reset.

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Prophecies foretell a time a suffering that earth has NEVER seen nor will ever see again ... My concern is a monetary collapse, then a catastrophic event like the Yellowstone magma chambers erupting... Tie any natural disaster to a global financial collapse and things could get real... There have been too many weather anomalies recently, we must be on our toes ...
    Raiding the Matrix One Mind at a Time ...

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Yes White House soap opera distract from the main problems in my opinion as well, from what is happening worldwide, and mostly from new learnings. If the populace awake, it is game over for the cabal. But the populace is still firmly asleep.

    I will post this video, but I am not finished listening - Ronald Bernard explains very well how the Central Bank in Switzerland gather all the banks in the world and directs everything. He explain that the high cabal's profits on our labor / money is an astounding 45% interest.

    He also explains the different steps in gathering money and power for the cabal, and where they are at (if I remember well), before going into a financial crisis (got to revise the video)

    The video is in Dutch with English subtitles, but worth reading all the way - some of us already know part of it yet, I still learned some new stuff.

    Can you imagine if the 45% interest they gather on our money/labor would be ours, what we could do with it?

    On the other hand, everything has been put in place to increase the amount of secondary narcissists (psychopaths) so that solutions would be block every inch of the way, first of all in very local endeaviours, by very local narcissistic people. I have local personal stories on this that would make all your hair curl or go straight (electric shock).

    I have no time right now to detail the video, and I have to finish it - he gives some solutions at the end, once we put the local mini cabals directed by secondary narcissists down. But I will come back later, I am posting not to lose it.

    We may be in for a wonderful world after some real misery - but imo not worst than what most of the planet and its people are living in right now (the West we have been the spoiled ones).



    Publiée le 28 juill. 2017


    'Free and Joyful out of the crisis with a new Bank and Currency'. After this fascinating lecture you’re at risk seeing nothing as 'business as usual' anymore. This lecture shows why many people live in scarcity and dissatisfaction. With one’s own bank as B of Joy, citizens will be in control again. As it happens, we’re the only real value and change ourselves. Nobody else! This lecture offers a view on a healthy economy and a fair society. In short, real changes, prosperity and wellbeing for each participant. More info: https://bofjoy.net
    Last edited by Flash; 23rd March 2018 at 13:50.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Ronald Bernard is an amazing person! Thanks for posting this video! He has LIVED it so knows what he is talking about!

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Honesty (here)
    Wars will precede the global economic collapse and reset.
    Most likely, though I tend, perhaps just by habit, not to anticipate such.

    Such events as the Japanese attack on the US base at Pearl Harbor, that got the US into World War II, or the events on 9/11 of 2001 that got the US more seriously engaged in the (so called) War on Terror, are difficult to anticipate. Such events are deliberately setup as surprising and shocking events. People don't march off to war just because the economy or the stock market suffered a down turn.

    However, now that you remind us, I'd have to agree that some of what the elite bastards (apparently) figure is necessary will require another shock of war, that grips the major nations (US, Europe, Russia, China, (*), ...) in a serious shock, more serious than the 3000 or so that died in the US on 9/11 of 2001.

    The bigger the landscaping change one plans to make, the more the dynamite and the bigger the bulldozer one needs. The dynamite "blows things up real good", and then the bulldozer pushes aside the rubble to make way for the new structures.

    Ouch.

    ===

    P.S. -- (*) ... and the Middle East ... the center of The Great Conflict for thousands of years, so far.
    Last edited by Paul; 23rd March 2018 at 18:56.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    The poisoning in Salisbury makes no sense for Putin or Russia ,but does for the
    Deepstate keeping the pressure on Trump not to do anything stupid and cooperate
    with Putin, and the UK to get a better Brexit deal and help the globalists and if they
    do a good enough job get another vote for security reasons hoping this constant
    fear porn will switch the relatively few voters to stay in the EU.......Also the threat
    of a global recession will get the LondonBanksters to press for another referendum,


    Sergei Skripal: who was behind the Salisbury poisoning?

    http://projectavalon.net/forum4/show...=1#post1216109
    Last edited by Cidersomerset; 23rd March 2018 at 16:56.

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Paul (here)
    I have been and remain convinced that a major way that the elite bastards manipulate humanity is to drive us into debt, and then collapse the economy, so that they can both collect the collateral backing the failing debt, and institute sweeping changes that would not have been accepted in better times.
    The indicators I've seen sure suggest that this is the direction it's headed.

    It's like the largest growing financial bubble of the modern era. Everywhere I look I see the cost of things going up year after year and each government entity wanting more of it's citizens income in both obvious and subtle ways. That wouldn't be as much of an omen if the average citizen's income increased to offset it. I don't see how this doesn't collapse at some point. The question being at what velocity does it occur?

    It reminds me of the dot com bubble (~1997 to 2001) and the US housing bubble (~2006-2012). I thought back then before their collapse, "how can these be sustainable plans for financial success for average working class citizen?"

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse. I wouldnt invest in rental real estate given the rules being rigged against landlords, but would suggest a recreational property that can be used for multi purposes, such as providing shelter, growing food, supplying water and wood for fuel. It being a recreational property, even if there is no crisis, one can still use the real estate for vacations, etc. This may not be practical for some, but probably available for many if approached creatively.

    Even if one invests in real estate, i would still keep some funds invested in traditional instruments like bonds (personally i like convertible debentures) or traditional hedges like gold and silver. It is nice to have enough yield to sustain oneself in a downturn. In a real crisis one can then live off the land.

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Justplain (here)
    I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.
    Unfortunately, most real estate is now purchased using debt, so the price paid goes up, as the interest rate goes down (since most of the repayment is interest on the debt, and since the highest bidder will be the one who can borrow the most.)

    Real estate will continue to have value (unless and except when it is repossessed by the elite bastards for "national parks", infrastructure, Agenda 21 compliance or other excuses), however paying $500,000 or $1,000,000 for a piece of property that will have a market value of perhaps $100,000 or $200,000 after the 30 year bubble in US Dollar debt collapses, the US Dollar loses value, inflation spikes, and the economy collapses ... is not a very good way to preserve one's real net worth.

    I'd recommend to arrange one's housing to have as little connection with debt as practical, either owed to others, or others owing to you.

    Along with that, I'd recommend arranging one's affairs to require as little cash outflow as practical to maintain the standard of living that one can sustain without excessive stress.

    Happiness is (will soon be) a positive cash flow, owning what one needs, and owing or being owed by as little as possible to as few as possible.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    "You control the debt, you control everything."

    "When you've seen beyond yourself, then you may find, peace of mind is waiting there." ~ George Harrison

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by indigopete (here)
    Good post.

    b.t.w. Tom Luongo has a really great, must-listen commentary on the rising Libor rate.

    https://www.youtube.com/watch?v=FUo0...ature=youtu.be
    Here's another good Youtube video talking about the LIBOR rate, with a bit more technical detail:

    The video concludes with these words:
    Quote The Federal Reserve ultimately runs the show. The entire economy is a scam and a sham controlled by this central banking empire, and whenever they want, they bring this whole thing down.
    Alarmist ... yes. But I believe that the situation is indeed alarming, and that this video is reasonably accurate.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    When I was writing in my previous post that not only we have a cabal raking in 45% interest on everything we consume, borrow, etc, but I also wrote that narcissism (and therefore psychopathy) is on the increase in the general population. I called it secondary narcissism (Ronald Bernard did not talk about this, it was my conclusion)

    This means that the economy can be destroyed, and few people will be alarm as long as they are not direclty touched, and when they are, it will be more and more "evertng for myself" hampering cohesiveness and collaboration amongst the 99% poors that we will become.

    The bastards, they thouht of everything

    Well, here the proof

    Quote Analysis of some 14,000 college student surveys over the last three decades finds that self-reported levels of empathy for others have decreased. Steve Mirsky reports


    Full Transcript


    As you get jostled in the daily rough and tumble, does it feel like other people care less about how rough you have it and how much you’re getting tumbled? Well, your suspicion may have some data to back it up. Because according to an article in Scientific American Mind magazine, analysis of surveys of college kids reveals that self-reported empathy has been dropping for the last 30 years. And empathy really took a nosedive in the last 10 years. [Jamil Zaki, "What, Me Care?"]

    Nearly 14,000 student questionnaires that were completed in the last three decades were used for the study. And 75 percent of those surveyed today rated themselves as being less empathic than what was the average score 30 years ago.

    One possible explanation is social isolation—we tend to do more things on our own and engage in fewer group activities than we used to. Another possible cause is a decrease in reading fiction for pleasure. Studies have found that the number of stories preschoolers read correlates with their ability to understand other people’s emotional states. The good news is that if empathy can go down, it can also go back up. You feel me?

    —Steve Mirsky
    https://www.scientificamerican.com/p...over-10-12-28/
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Paul (here)
    Quote Posted by Justplain (here)
    I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.
    Unfortunately, most real estate is now purchased using debt, so the price paid goes up, as the interest rate goes down (since most of the repayment is interest on the debt, and since the highest bidder will be the one who can borrow the most.)

    Real estate will continue to have value (unless and except when it is repossessed by the elite bastards for "national parks", infrastructure, Agenda 21 compliance or other excuses), however paying $500,000 or $1,000,000 for a piece of property that will have a market value of perhaps $100,000 or $200,000 after the 30 year bubble in US Dollar debt collapses, the US Dollar loses value, inflation spikes, and the economy collapses ... is not a very good way to preserve one's real net worth.

    I'd recommend to arrange one's housing to have as little connection with debt as practical, either owed to others, or others owing to you.

    Along with that, I'd recommend arranging one's affairs to require as little cash outflow as practical to maintain the standard of living that one can sustain without excessive stress.

    Happiness is (will soon be) a positive cash flow, owning what one needs, and owing or being owed by as little as possible to as few as possible.
    Hi Paul, i understand your skepticism of buying land with significant debt. One should try to do these things without taking on heavy debt. One should remember that land has almost consistently been a very good hedge against financial fluctuations. The money paid for land might become worthless later but one still has the land, which can support one when finances have failed. A typical example is in Russia during the financial crisis in the 90's when the government there wasnt paying wages or pensions, the people moved out to their cheap dachas, in semi abandonned villages from the state run farm soviet times, and grew enough food to live on.

    Not all land is expensive, one just needs to be open minded of location. I know this to be true having gone thru this process myself.

    Also, urban farming permits the growth of organic food in the city. In this case it’s in Los Angeles:
    Last edited by Justplain; 23rd March 2018 at 23:37.

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    That is very interesting Flash.

    I have also noticed that focussing on a person's life makes me more connected and connecting. I try to think not only of the person who is in front of me, but also of their family and worries and just that they have a life outside of this moment with me. They have people who love them and depend on them. They love just like me. It often helps to soften the interaction and make it deeper and more meaningful. Every moment is a chance to uplift or be like most everyone else, not present.

    Paul, A global depression constitutes an insolvency, right? So it is the lack of physical money that causes a loss in the velocity of exchange? It sounds ludicrous, that a fiat currency can have such incredible power.

    I think we value wrongly. If we placed value on true wealth, instead of various schemes that can always be manipulated, and if the population understood the "new" currency was based on a tangible crucial to their own survival, like they believe today a piece of paper with some ink on it is, that sort of value would neither appreciate or decline. We have got to find a new way.
    Why Not?

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Justplain (here)
    Hi Paul, i understand your skepticism of buying land with significant debt. ... Not all land is expensive, one just needs to be open minded of location.
    Yes - if you can buy land, or shelter, without either putting yourself in debt, and without paying a price that has been driven up by other potential buyers of that or similar property by debt funded purchasing, and if your can put it to use growing food or providing a place to live, then it can be an good way to ride out a major economic and financial depression.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Quote Posted by Ernie Nemeth (here)
    Paul, A global depression constitutes an insolvency, right? So it is the lack of physical money that causes a loss in the velocity of exchange? It sounds ludicrous, that a fiat currency can have such incredible power.
    In my view, the question inflation or deflation, meaning of too much or too little currency in the market, is rather secondary.

    For an example from my life, whether inflation runs rampant, and my Social Security check increases 100-fold, but my grocery bill increases 400-fold, or whether deflation hits hard, and my Social Security or pension check is cut to 1/8-th of its present amount while my grocery bill is only down by 1/2 ... either way, my grocery bill costs 4 times more of my available cash flow. Such "quantity of money in circulation" calculations miss the more important issues.

    A more important question compares the promises of future goods and services, versus the future ability of an economy to deliver those goods and services.

    To extend this example from my own life, if more of us American baby-boomers are in retirement, expecting someone else to grow, manufacture, produce, and deliver the goods and services we expect in our retirement, while fewer actual farming, manufacturing, production and distribution jobs and companies are actually functioning, and while the cheaper imported goods that we have come to rely on from lower paying regions of the world are no longer as cheap or available because other nations and peoples no longer want to be paid in US Dollars and US Treasury bonds of declining value ... then us baby-boomers will necessarily have to get by on less.

    The fundamental problem with debt, and with debt fueled "investment gains", such as in real estate whose price is driven up ten fold by easy mortgage lending for decades, or such as investment, insurance and retirement funding, whose promised returns have been driven up ten fold thanks to easy money lending (e.g., some major corporate stocks go up in price when that corporation borrows easy money to buy back some of their stock), or such as ever expanding promises of social, medical and welfare benefits funded by ever expanding government debt, ... the fundamental problem with such ever expanding debt is that it means that there is even increasing promises of future goods and services that such increasingly exceed even the most optimistic real deliverables.

    Sooner or later, we will come to the realization that all that good stuff we thought we had coming to us, because of the increased value of our house, because of the fancy college degree we went into debt for, because of the cradle-to-grave promises of social welfare from our government, because of the retirement plan we funded, ... all that good stuff is not there in sufficient quantity.

    Increasing promises combined with decreasing production capacity, if pursued sufficiently far, eventually hits a wall, an economic and financial wall of collapse.

    I wholeheartedly reject the quantity theory of money as being the key to understanding the health of economic, monetary, and financial activity, because the quantity theory of money leaves out the important element of the time value of money and the duality of debt-based money, in which unit of money in circulation is someone's promise, at some point in the future, to make some payment on some debt.

    Either that payment will not be made at face value, or else if made, the value of the payment in real goods and services will be less than was expected, when the debt or other future promise was extended.

    Most of what we spend in Western societies these days, whether for rent, mortgage, energy utilities, taxes, medical care, web or cell access, insurance, housing, transportation, etc ... ends up going to pay some individual, business or government's debt.

    This debt overhang is staggering. It will not stand. It will fail, and we are likely well past the point that it could fail gently.
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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    Paul

    Correct me if I'm wrong but are you talking a page out of the Venezuela playbook? i.e., stock up on toilet paper, et al....?

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    Default Re: Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

    This becomes rather confusing. The minerals are still in the ground, the crops in the field, the trees in the forest and there are able bodies ready to mine, reap, build. So now some foreign creditor owns our resources and the labor associated with bringing it to market. But the beneficiaries of that debt are gone. It is now their children and grandchildren that must foot the bill. Similarly, it is the children and the grandchildren of the creditors that will seek compensation.

    Maybe, if this is the way we are forced to view things, it is time for the countries to dissolve, instead of the people being rendered insolvent.
    Why Not?

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