Aug. 2nd, 2011: Economic doomsday?

[Eric J (Viking)]

Aug. 2nd, 2011: Economic doomsday?

What can Americans expect to happen?


https://www.youtube.com/watch?v=hzH6NTEuHto&feature=feedf


viking

[jackovesk]

You Sly-Lying-Treasonous Bastard Obama..!

http://forums.randi.org/customavatars/avatar13004_62.gif

[jcocks]

Cool :) I'll book that date in my diary and remember to bring popcorn and carrots. It's all built on smoke and mirrors anyway....

[seantimberwolf]

Great info, the other links on the right hand side are good also.
Thanks mate, we will have to wait and see, its obvious its a huge plan to scare the people into submission.

[astrid]

http://news.yahoo.com/gaddafi-vows-attack-europe-114404354.html

This is their answer, don't be fooled it's all staged.

They have to "sell" WW3 to someone by August 2,
and look who's taking the bait......

If you have doubts about these dots,

Let Max lay it out for you......

mWH8EiXYbEY

HzzgKmNqIa8

dc00C0PbKoE

AFNqHcYqVc8

It's crunch time people, what's it going to be,
active compassion?
Or passive separation?

The planet is calling us, but are you listening??

[sandy]

http://news.yahoo.com/gaddafi-vows-attack-europe-114404354.html

This is their answer, don't be fooled it's all staged.

They have to "sell" WW3 to someone by August 2,
and look who's taking the bait......

If you have doubts about these dots,

Let Max lay it out for you......

mWH8EiXYbEY

HzzgKmNqIa8

dc00C0PbKoE

AFNqHcYqVc8

It's crunch time people, what's it going to be,
active compassion?
Or passive separation?

The planet is calling us, but are you listening??

Thank you Astrid,

Personal integrity is the theme and doing the right thing takes personal integrity!!! Passive separation cloaked in New Age "Positive Energy Only" and believing in something other than our own sovereignty and power, really needs to be investigated by those so lost in this teaching and method of avoiding our beautiful world's real problems.

This post needs a sticky and bumped to a thread of it's own as Max really does tell it like it is with our "complacency as a civilization" and that we are responsible for the problems, by our complacency, not the PTB!!

Thanks again for your posting this powerful message :)

[astrid]

http://www.businessinsider.com/white-house-says-debt-ceiling-deal-must-be-reached-by-july-22-to-avoid-default-2011-7


White House Now Says Debt Ceiling Deal Must Be Reached By July 22 To Avoid Default


"The White House believes a deal on raising the debt limit must be reached by July 22 in order for the U.S. government to avoid defaulting on its obligations, The Wall Street Journal reports.

Once an agreement is reached, Congress would have to draft and pass the legislation, and for the Treasury Department would need to implement it by the August 2 deadline — a process the White House says would take one week or more, the paper reported.

"We're down to the wire," one official told the WSJ.

But some Republican legislators do not share Obama's urgency on reaching a deal — asserting the Treasury Department can make good on its bond obligations after that date.

The "administration insists on pretending that...as soon as the first employee is furloughed there will be a catastrophic collapse of the markets because the world will see the U.S. government in default," Sen. Pat Toomey (R-PA) told the WSJ. "That's ridiculous."

Democrats and Republicans are looking to raise the debt limit by $2.3 trillion in order to avoid having to increase it again before next year's election. Both sides are looking to cut the federal deficit by at least the amount of the increase, having already agreed to over $1 trillion in spending cuts.

Talks have broken down over whether to include tax increases, or just spending cuts, as part of the deal — with Republicans saying they would not accept any increases, and Democrats demanding them."

Looks like its all been moved forward.

[gabbahh]

Left side, right side, dog and pony show.

Only being orchestrated to rob us of the rights and wealth we have. Has been going on since the dawn of ages.

I expect large cuts in "entitlements" to appease the republicons. If this happens, his campaign for re-election will be interesting, really a hard sale.

If he were a smart cookie, and not a puppet, he would order a debt jubilee. Would make him quite popular and give the USA the hope and change Jimmy Carter promised?

[Eric J (Viking)]

Things are hotting up....

http://www.rawstory.com/rs/2011/07/13/u-s-debt-default-would-trigger-global-crisis-bernanke/

viking

[Eric J (Viking)]

Update...

http://www.whitehouse.gov/photos-and-video/video/2011/07/19/president-obama-briefs-press-progress-deficit-talks?utm_source=072011&utm_medium=video&utm_campaign=daily

viking

[Tane Mahuta]

You Sly-Lying-Treasonous Bastard Obama..!

http://forums.randi.org/customavatars/avatar13004_62.gif

Whoooah Jack, easy tiger, remember "OB1" is only a puppet!! He's only doing what he's told to do.

"Presidents are Selected....Not Elected"

Mate don't get angry, don't harbour any animosity!!(It's what they want) Let it go!!

nuff said TT

[jackovesk]

You Sly-Lying-Treasonous Bastard Obama..!

http://forums.randi.org/customavatars/avatar13004_62.gif

Whoooah Jack, easy tiger, remember "OB1" is only a puppet!! He's only doing what he's told to do.

"Presidents are Selected....Not Elected"

Mate don't get angry, don't harbour any animosity!!(It's what they want) Let it go!!

nuff said TT

G'Day Tane Mahuta,


Obama put his hand up for the job!
Obama LIED to the American people to get the job!
Obama is still LYING to keep the job!
Obama is the 'Commander in Chief' and ultimately responsible for the ongoing Death & Carnage in parts of the Middle East and the ongoing Suppression in the USA which in of itself is responsible for the mounting Hungry & Homeless, Suicides, Broken famiilies, etc...!

This list of Broken Promises, Fearmongering, Lies & Deciept is endless...

Your right mate, nothing to get Angry about!

In fact I think I'll go out for a Beer to celebrate his success!!!

[Davidallany]

eedCrEYp_Kc&feature=youtube_gdata_player
Obama is a traitor, but no more than other puppets, he did knowingly lie to the people of the world in exchange for wealth, a bunker and a spot off world in case things happen. High ranking politicians are the worst manifestation of humanity, all of them, no exceptions.

[Eric J (Viking)]

I find it quite refreshing now that this story is mainstream...They were talking about this on Sky news this morning...This would have been unheard of 12 months ago...

Slowly slowly truth is surfacing and folk are waking up...

What will they do...raise the ceiling?? Bloody well hope not...I suppose either way TSWHTF !

http://news.sky.com/skynews/Home/World-News/US-Debt-Ceiling-Barack-Obamas-Doom-Prediction-Of-Default-If-Debt-Ceiling-Is-Not-Raised/Article/201107316032648?lpos=World_News_Top_Stories_Header_4&lid=ARTICLE_16032648_US_Debt_Ceiling%3A_Barack_Obamas_Doom_Prediction_Of_Default_If_Debt_Ceiling_Is_ Not_Raised

http://news.sky.com/skynews/Home/Business/US-Debt-Congress-Will-Raise-Borrowing-Ceiling-In-August-To-Save-American-Economy-Say-City-Experts/Article/201107416037178?lpos=Business_Second_Buisness_Feature_Teaser_Region__0&lid=ARTICLE_16037178_US_Debt%3A_Congress_Will_Raise_Borrowing_Ceiling_In_August_To_Save_American_Eco nomy_Say_City_Experts

viking

[astrid]

speaking of debt, did you see the latest "white hat report" interesting stuff.......

http://tdarkcabal.blogspot.com/

[http://www.scribd.com/doc/60397978/Lindell-H-Bonney-Jr-July-7-2011]

[Eric J (Viking)]

speaking of debt, did you see the latest "white hat report" interesting stuff.......

http://tdarkcabal.blogspot.com/

[http://www.scribd.com/doc/60397978/Lindell-H-Bonney-Jr-July-7-2011]

Hi Astrid...hope you are well ect etc

the second link was not working >>>

try this one...

http://www.scribd.com/doc/60397978/Lindell-H-Bonney-Jr-July-7-2011

viking

[Enquiring1]

Well Im gonna go and do a big groccery shop and stack up on canned goods.

You cant eat paper money or gold.

I think its well time to do some practical preparation.

[Eric J (Viking)]

Dear Concerned American,

According to The Wall Street Journal, we may very well be on the edge of a complete collapse of the U.S. debt market.

Of course, this has been an issue we've been warning Americans about for quite some time now.

In fact, that same Wall Street Journal article published just days ago had this shocking headline: "Companies Bracing for U.S. Default."

Here's what the opening paragraph stated:

"The unthinkable is finally becoming reality for U.S. companies, who are beginning to take real steps to prepare for the possibility of a U.S. debt default."

The fact is that words like "unthinkable" and "default" are code words for economic calamity and massive layoffs.

And, that unfortunately fits into another startling future scenario that famed economist Robert Wiedemer has been warning about . . . a 50% unemployment rate starting as soon as 2012.

But that's not all.

He also foresees a situation where the stock market could plummet 90%.

And that we could see three years in a row of 100% ANNUAL inflation.

Robert Wiedemer's predictions may seem extreme at first glance, but then I saw the charts that provided evidence for such claims. See for Yourself, Click Here

Disbelief is the same reaction people had in 2006 when Wiedemer predicted the housing, stock, credit, and private debt markets would soon collapse . . .

After the recession struck . . . people stopped doubting his analysis.

Then, when he foresaw the federal debt and dying-dollar crises in 2009 . . . countless Americans took the necessary steps to prepare their wealth to weather the storm.

Recently, Newsmax gathered over one million Americans to join Robert Wiedemer online for a historic event called the Aftershock Survival Summit.

It was a powerful moment when citizens were given the real story on how dangerous the future could be.

But more importantly, Robert Wiedemer gave those who were fortunate enough to view this broadcast a step-by-step guide for protecting their investments, savings, insurance, homes, and jobs.

Russ from Wichita, Kan., said it "scared the hell out of me. It was a great wake-up call."
Susan from Montgomery, Ala., said it was "awesome, eye-opening, and mind-boggling."
Don E. from Edgewater, Fla., said, "It caused me not only to think . . . but to act."

If you haven't had the opportunity yet to view the Aftershock Survival Summit, you can click here to launch a 100% FREE private airing right now.

Stay Safe,

Aaron DeHoog

Financial Publisher

Newsmax Media

alert@partnerorganization

~~~~~~~~

viking

[GlassSteagallfan]

Who cares if they raise the debt ceiling. It's never getting paid back anyway.

If Obama wasn't a puppet, he would pass Glass Steagall, clean up the financial mess and become a world hero.

Someday he will kneel in front of the Queen of England and be Knighted.

[daledo]

I got my SSI check yesterday ahead of the 4th that I normally get it. I guess Obama was wrong again lol. No need to worry, it will all work out in the end.

[Wiremu2011]

The only solution right now for those following this thread, is to get your 6 months/ 1 year survival supplies ready - (if you haven't already) for yourself and family and hunker down as best you can - before the herd tramples the supermarkets. Personally, I'm out there urgently spreading this message to family and friends and believe it or not, they're taking notice. I'm not trying to freak anyone out, but now even blind Freddy can see what's going down. The window is as small as it right now, given all the other weird anomalies (EMP's, comets what have you..) happening at the same time. You'd have to say we're all on notice. The chooks have finally come home to roost one would think.

ps; Where is Bill? He's been a bit quiet lately. Hunkering in a bunker perhaps?.lol

[WhiteFeather]

Hope it all gets flushed down the crapper, cant wait.....great thread OP.

[onawah]

Mine didn't arrive today, but I'll be looking for it on the 3rd as usual, then.

[Calz]

Decades ago Franklin D. Roosevelt said: “Nothing in politics ever happens
by accident. If it happens, you can bet it was planned that way.”

Decades earlier Benjamin Disraeli, famed as the Victorian-era Prime Minister
of Britain, wrote: “The world is governed by people far different from those
imagined by the public.”

[Czarek]

[QUOTE=Calz_Avaretard;273536]Decades ago Franklin D. Roosevelt said: “Nothing in politics ever happens
by accident. If it happens, you can bet it was planned that way.”

Bush senior said it publicaly too! I recall him on some talk show, and the question he was asked "do you watch morning news?" I don't recall his exact aswer but it was some thing like,"... no I don't, why should I? I create news".

[Dawn]

The truth is that the government is rolling in dough. There is great information on this site: [url]http://cafr1.com One of my favorite links on this site is to this video, The Only Game In Town: http://www.youtube.com/watch?v=uy8tnC4xLX8

[daddy fishwick]

Michael Ruppert has been predicting this collapse for nearly 30 years.
As he sees things, it's a good idea to stock up on organic seeds, hollistic medecine/books, precious metals, food stuffs, etc!
He also said that if you havn't learned to live off the land yet, then you're pushed for time.

I'm staying right here!

Best of luck! Daddy.

[Lord Sidious]

The truth is that the government is rolling in dough. There is great information on this site: [url]http://cafr1.com One of my favorite links on this site is to this video, The Only Game In Town


http://www.youtube.com/watch?v=uy8tnC4xLX8

Let's see what nuggetry people are putting on the site. :p

[Eric J (Viking)]

China Puts US on eBay LOL fuuny old world!!

BEIJING (The Borowitz Report) – Showing its impatience with the debt ceiling stalemate in Washington, China today took the extraordinary step of putting the United States of America on eBay.

Officials at the online auction site said they believed it was the first time a major Western nation had been listed for sale there “if you don’t count Greece.”

In Beijing, the Chinese Finance Ministry said that it had considered waiting until August 2 to see if the US would ever pay back its multitrillion-dollar obligations, but ultimately decided to cut its losses.

“We think we’ll attract a buyer on eBay,” the Ministry said. “Say what you will about the US, it’s still one of the top fifty countries in the world.”

The sales listing for the US contains some interesting information, such as China’s description of the former superpower as being in “fair to average condition.”

The listing also includes the stipulation “government sold separately,” which the Finance Ministry took great pains to explain.

“We thought that including the government in the sale might turn off potential buyers,” the Ministry said. “Plus, the US government isn’t ours to sell anyway – it’s owned by the Koch brothers.”

With no bidders in the first 24 hours on eBay, China admitted that it would be challenging to unload the US, but it still held out hope that a buyer would step forward: “We’ve got our fingers crossed for Zuckerberg.”

http://www.borowitzreport.com/2011/07/28/china-puts-us-on-ebay/

viking

[Eric J (Viking)]

Still needs to be approved by congress.... Oh what games they play...!


http://www.youtube.com/watch?v=pAzhXIsgjjQ&feature=feedu

viking

[jcocks]

From what CNN is saying, it looks like its' going to pass the congress....But then, did we expect anything different?...

"It's ok sheeple, the government is looking after you - you can go back to sleep now."

I am so over this ****.

[Malachi]

From what CNN is saying, it looks like its' going to pass the congress....But then, did we expect anything different?...

"It's ok sheeple, the government is looking after you - you can go back to sleep now."

I am so over this ****.

our goverment usually does something like this - scare the people and flush the media with some smokescreen sh*t, than in the last minute say "everything is right" - when they badly want to cover something much-much bigger sh*t. I always wonder, what are they up to now? in this case - i don't know. will I ever? hm...

[MargueriteBee]

It is all about generating FEAR so those archons can feed. That is what it all comes down too.

[Eric J (Viking)]

Alwaays another angle....

The debt crisis has been averted and people across the globe are breathing sighs of relief.

But in the back rooms of the US Congress, politicians are celebrating for a different reason. It's the kind of celebration that erupts when a group executes a complicated plan to perfection. The objective in this case was to strike the first blows against the national social safety net without encountering massive resistance. Mission half-accomplished thus far.

Half accomplished because only half of the $2.5 billion in cuts have been decided on. The other half will be sent to a bi-partisan committee where, according to the White House Fact Sheet:

"... the committee will consider responsible entitlement [Social Security and Medicare] and tax reform [cuts to entitlement programs]. This means putting all the priorities of both parties on the table – including both entitlement reform [Social Security, Medicare and Medicaid] and revenue-raising tax reform.”

If the committee fails to agree on the cuts, they would be automatically triggered, and Medicare would be the target: "...any cuts to Medicare would be capped and limited to the provider side." This means that fewer doctors would accept Medicare patients or they would provide fewer services to Medicare beneficiaries.

When it comes to cutting Social Security and Medicare, the Democrats are Republicans are only trying to get their foot into the door. Nevertheless, the potential cuts will have a massive impact on the millions of Americans who depend on these vital services. And if these cuts are allowed to happen unopposed, the possibility of future, more dramatic cuts is certain.

Equally bad is that the budget deal makes the unemployment situation even worse. In writing about the effect the cuts would have on employment, a Moody’s analyst predicted that:

"The deal announced last night calls for a yearly average of $240 billion in cuts over the next decade. Very roughly, that suggests the new plan would cost around 1.6 million jobs per year during that time. [!]" (August 1st, 2011).

This noxious level of contempt for working people was the product of a manufactured crisis, with Democrats and Republicans playing along. How did Obama and the Democrats essentially push through the long-term objectives of the Republican Party? Author Michael Hudson explains on Democracy Now:

"... There has to be a crisis. Now, in reality, there is no crisis at all. In reality, raising the debt ceiling has been done for a hundred years automatically. There is no connection between raising the debt ceiling and arguing over tax policy. Tax policy takes many years to work out. All of a sudden, Mr. Obama is going along with the charade of saying, "Wait a minute, let’s create a crisis."... And Wall Street doesn’t like real crises, so there’s an artificial non-crisis that Obama is treating as a crisis so that he can put forth the recommendations of the Deficit Reduction Commission to get rid of Social Security that he has supported all along." (July 22nd, 2011).

Thus, it's not true that Obama was "held hostage" by the Republicans. If he told the country only half of what Mr. Hudson explained on Democracy Now, the Republicans would have folded instantly. If Obama would have told the country that the Republicans wanted massive cuts to Social Security and Medicare, instead of purposely hiding these issues, Republican voters would have converged on Capitol Hill with torches and pitchforks. Instead, Obama went along with the charade; because in order for it to succeed, he was required to play a leading role in the drama.

Liberal groups and the major labor federations -- AFL-CIO and Change to Win -- have given a left cover to Obama's far-right policies, wrongly blaming only the Republicans every step of the way. But this willful blindness has its limits. These groups intend to "get out the vote" for Obama in 2012 while ignoring all the damage he's done to working families, while they also ignore all the promises Obama made to them and didn't keep last time.

The rank-and-file members of labor unions and liberal groups are among the million of Americans suffering under Obama's economic policies and will not follow their leaders like lemmings over the cliff for Obama's next presidential run. There will be a profound lack of rank-and-file volunteers to campaign for Obama, even as labor union leaders throw away their members’ dues money for the campaign. And because fewer members will campaign for Obama, he will feel less inclined to reward them after (or if) he wins. Instead, he'll again reward Wall Street, meaning, he'll continue to take from working people and give to the rich, further exacerbating the problem.

To change this downward spiral for labor and liberal groups a new approach is desperately needed, and can be started in two steps: 1) Put forth independent demands. 2) Wage a real fight for these demands. The most immediate demands for the majority of people are job creation and saving Social Security, Medicare, and the broader safety net including Medicaid. These demands require that revenue be raised by taxing the rich and corporations, since no other group can afford any taxes, and inequality continues to skyrocket.

There is a direct link between the decades-long lowering of taxes on the wealthy and corporations and deficits rising on the national and state level. Economist Richard Wolff explains on Democracy Now:



"We’re running a deficit because the people who run this society would like us to deal with our economic problems, not by taxing those who have it, the way we used to, but instead by endlessly borrowing from them. And now the ultimate irony, we’ve borrowed so much as a nation from the rich and the corporations, they now are not so sure they want to continue to lend to us, because we’re so deeply in debt. And they want us instead to go stick it to poor people and sick people instead. It’s an extraordinary moment in our history as a nation." (July 29th, 2011).

So instead of directly taxing the very rich and corporations, we are borrowing money from them with interest. Much of the money we are borrowing from them was given to them via the bank bailouts; they were given free taxpayer money and lent the money back to the taxpayers, while demanding that programs that benefit working people be slashed! This extraordinary moment requires extraordinary action from working class organizations, including mass demonstrations as part of a sustained, independent campaign.

The deficit reduction plan worked out by the cooperation between Republicans and Democrats is not set in stone. Massive, ongoing protests have a tendency to make politicians re-think their policies.

http://blogs.wsj.com/washwire/2011/07/31/white-house-issues-fact-sheet-on-debt-deal/

http://news.yahoo.com/blogs/lookout/debt-ceiling-deal-impact-economy-ordinary-americans-163456632.html

http://www.democracynow.org/2011/7/22/pushing_crisis_gop_cries_wolf_on

http://www.truth-out.org/richard-wolff-debt-showdown-political-theater-burdening-societys-most-vulnerable-video/1311960605

Shamus Cooke is a social service worker, trade unionist and writer for Workers Action (www.workerscompass.org)

Aug. 2, 2011

http://www.globalresearch.ca/index.php?context=va&aid=25862

~~~~~~~~

viking