Be prepared: Bankruptcy, Economic Collapse 2017

[Eric J (Viking)]

Short Video: Those In The Know: Certainty Of Gov. Bankrupcy, Economic Collapse ... Ron Paul ect


https://m.youtube.com/watch?v=w2y0qRNZrQM&feature=youtu.be

Viking

[Callista]

http://weblog.sinteur.com/wp-content/uploads/2009/03/funny-pictures-this-fish-is-holding-his-breath.jpg

[yelik]

Bankruptcy and economic collapse has been predicted since the last collapse and massive transfer of wealth in 2007/08. It'll occur when we least expect it. A series of pre-planned conditions and major events needs to occur first. As we move towards a cashless society the Ruling Class bankers & Oil cartels will have near total control of the digital financial world.

[Lifebringer]

Hey, like my peeps say: "You can't miss what you never had." I've been trained through real life experience to survive on the lowest of the affordable foods. Now that I have some insight on herbals, and other greens necessary for iron, I'm not saying I'm looking forward to the challenge, but I fear it not. I'm either gonna make it, or go home. Simple as that.

[Eric J (Viking)]

http://weblog.sinteur.com/wp-content/uploads/2009/03/funny-pictures-this-fish-is-holding-his-breath.jpg

That was funny Calista...:clapping: feel the same...

Viking

[Chris Gilbert]

http://weblog.sinteur.com/wp-content/uploads/2009/03/funny-pictures-this-fish-is-holding-his-breath.jpg

Exactly how I feel! I believe that it will happen eventually, but I've gotten a bit tired of all the crash predictions. Back when I was still following him I remember Gerald Celente making the prediction since 2007 that EVERY new year was going to be THE BIG ONE.

[J K Rainbow]

Evidence? The one word message is too short, but I've nothing to add. I'll ask again: Evidence?

[regnak]

Callista made me laugh :thumbsup:

[AutumnW]

Bankruptcy and economic collapse has been predicted since the last collapse and massive transfer of wealth in 2007/08. It'll occur when we least expect it. A series of pre-planned conditions and major events needs to occur first. As we move towards a cashless society the Ruling Class bankers & Oil cartels will have near total control of the digital financial world.

Thank you, Yelik. Here is a question for you. In a cashless society, initiated by govt, do you think block chain will be allowed? I would think one of the benefits a cash free existence would provide the controllers, would be the ability to trace each and every transaction.

[CurEus]

Through debit and credit cards combined with "loyalty" cards and internet ordering they are already very close to tracking every transaction. I don't expect they'll need blockchain to achieve 100% money surveillane .

Canada withdrew the $1000 bills all we have left are 100's and 50's. Remove them and most transactions will have to be electronic. Ban them and almost everything will be. Apps are great for tracking purchases as well.

[yelik]

Yes I think blockchain / Bitcoin will be allowed because they are probably a dry run for digital currency, which together with forced vaccines and micro-chipping means we're probably stuffed because the masses will believe all the rhetoric and will sleep walk into the Orwellian society.

[regnak]

A cashless society stops bank runs also allows the government to tax every last cent that you spend :bigsmile:

There are many saying we are heading into a another crash but they have been saying that for 10 years a stop clock is right once a day ( sidereal time ast time ) lol

[mgray]

By the truest definition the US was bankrupt the first year it ran a deficit. Debts outsize revenue.

As soon as I saw the Alex Jones logo in the lower right hand corner I knew it was fear porn.

How many times can people claim an event several standard deviations from here will happen before we get wise (please listen to this ad for gold and silver sales).

Ah that's the answer.

[amor]

Unless you have a great deal of wealth, gold and silver are not affordable. Also, if it came to that you would be murdered for it by the very people you hope to make purchases from. Would there be gold or silver coins available to people at affordable prices? As for the cashless society. If your account is on a computer, make believe money, all they have to do is say you don't have an account. Who are you going to find to fix it???? No one.

Example: I gave a not bright friend my email information. She put it on her smart phone which infected the google email address and any subsequent tries at new email addresses by me were BLOCKED. Therefore, I am without an email address, cannot make purchases or send messages, etc., via computer. You do not exist and there is no one on the other end which will or can help you. Making money out of air with nothing in your hand to show for your labor, not even paper, is DEATH and/or ENSLAVEMENT. When you can't pay your land taxes, they come to sell your house out under you. Even if you don't owe a soul anything, the taxes to the county always are THERE. The only option is to starve to death or blow your brains out if you own a gun.

[ThePythonicCow]

Unless you have a great deal of wealth, gold and silver are not affordable.
Currently, I could purchase another silver coin for $20 on such sites as https://www.texmetals.com. Some of us would consider $20 a great deal of wealth, but not most of us :).


Example: I gave a not bright friend my email information. She put it on her smart phone which infected the google email address and any subsequent tries at new email addresses by me were BLOCKED.
If you gave your friend your email address, that would not infect that address.

If you gave your friend your email login and password ... then perhaps your not bright friend has herself a not so bright friend :).

Never give anyone else your email login and password unless you would trust them to manage your affairs and assets, such as a trusted spouse, in times of your disability, or unless that's a throw-away email account unused to access any of your accounts or assets or more valuable email accounts.

[Gillian]

I fear more the potential for an impending ice age / grand solar minimum situation. Will I still be able to grow kale? I wonder if I should get a few chickens? Eggs might be useful. Mint: I have that; makes great tea. Don't think English mint will survive an ice age as it never seems to make it through our Pacific Northwest winters. I wonder if the market gardeners are having success with their crops? Will their be any greens for me to buy? At what price, I wonder?

This Spring has been cold and wet. It is nearly late May and I am still turning on the heater; don't want to fire up the wood stove and use up precious firewood that is curing for next winter. My crops are shivering and standing still although the spinach is up. Wish I could get perennial kale in Canada. You lucky Americans!!!

They are thoroughly discouraging wells in this part of the world. I hope the public water system doesn't freeze up. I have a small catchment system, but it is only for short emergencies. I have a Berkey which I love and spare filters, so I guess chipping ice on mud puddles and melting snow, then filtering, might be a solution to hydration needs.

One cat is a mighty huntress and often brings home rabbits. I guess I will be overcoming my disgust and vegetarianism and eating part of it, unless I can figure out how to feed myself from the sun and through my eyes, if there is any sun not covered by chemtrails.

[Helene West]

Near me is an Indian neighborhood and the jewelers seem to sell mostly 22K gold jewelry as opposed to the american jewelers who sell mostly 14k. if you try to sell some 14k jewelry to the "We Buy Gold" joints (they don't seem interested in silver) you take a bath. I wonder if one would do better with Indian jewelry? a small pair of earrings isn't as big a hit as going online to these gold and silver bug sites to buy an oz of gold.

[robinr1]

calling a video that starts out with 7 minutes or so of ron paul speaking 100 percent facts fear porn seems disingenuous at best sir.the usa economy has already collapsed. 95 million working aged americans out

of the workforce 20- 200 trillion in debt . consumer debt at an all time high. nominal wages have not gone up in 40 years..while the price of goods and services have skyrocketed. make no mistake its already happened.





By the truest definition the US was bankrupt the first year it ran a deficit. Debts outsize revenue.

As soon as I saw the Alex Jones logo in the lower right hand corner I knew it was fear porn.

How many times can people claim an event several standard deviations from here will happen before we get wise (please listen to this ad for gold and silver sales).

Ah that's the answer.

[mgray]

calling a video that starts out with 7 minutes or so of ron paul speaking 100 percent facts fear porn seems disingenuous at best sir.the usa economy has already collapsed. 95 million working aged americans out

of the workforce 20- 200 trillion in debt . consumer debt at an all time high. nominal wages have not gone up in 40 years..while the price of goods and services have skyrocketed. make no mistake its already happened.





By the truest definition the US was bankrupt the first year it ran a deficit. Debts outsize revenue.

As soon as I saw the Alex Jones logo in the lower right hand corner I knew it was fear porn.

How many times can people claim an event several standard deviations from here will happen before we get wise (please listen to this ad for gold and silver sales).

Ah that's the answer.

The pending collapse as most doomsayers predict is bit more complicated than how Sen. Paul puts it. In September of 2008 we were 20 minutes from a collapse of the stock and bond market. That's the truth. The money market system was about to collapse and with it all businesses using it and the commercial paper market for short-term funding. Government stepped in a "fixed" the market.

We are well past that point. Whether its a good point we are at now is open to debate, but there is no reason to think 2017 will be the year, since most doomsayers said 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 were the years the collapse would happen.

Rest assured the global economy will not grow more than 2% in any year for the foreseeable future, but collapse, No. Bankruptcy, No.

[robinr1]

congressman paul couldn't come out as abruptly as the doomsayers can on youtube, no question. I believe he has been predicting what is happening to the usa for 30 years or so very correctly.

I guess its partially semantics, bit I would contend that the economy has already collapsed, and that a country who has a debt that can 100 percent never be repaid is already bankrupt.

either way.. I appreciate the things you post and appreciate the dialogue.

thank you

robin

[Baby Steps]

IS IT DELIBERATE & ENGINEERED FOR OUR ULTIMATE BENEFIT?

In the following X22 report the suggestion is that Trump knows that the banking system is insolvent and the dollar is due for hyper inflation. Trump is covertly working for this as a kind of constructive destruction. Let these corrupt institutions die a la iceland. If they do, SHAREHOLDERS take the haircut rather than tax payers.

Following the crash, USA can rebuild itself based on a new currency (possibly block-chain based), bank asset nationalisation, and industrial expansion.

INTERESTING THEORY

Not sure if I agree, but if true it could be a ruse.It would be very painful for ordinary people.


http://www.youtube.com/watch?v=-Fqq1vsjYSY

Suppose this is right - how do people protect their wealth?

- Buy precious metals?
- Buy crypto currency?
- Sell property and buy abroad?
- Would other stock markets crash too?
- How to hedge against this possibility?

[onawah]

Doomsday Prep for the Super-Rich
Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.
http://www.newyorker.com/magazine/2017/01/30/doomsday-prep-for-the-super-rich
By Evan Osnos
(Interesting, detailed article from the New Yorker January 2017 edition, but still relevant. Too long to post all of it here.)
https://media.newyorker.com/photos/59097d8d019dfc3494ea3b01/master/w_649,c_limit/170130_r29354.jpg
An armed guard stands at the entrance of the Survival Condo Project, a former missile silo north of Wichita, Kansas, that has been converted into luxury apartments for people worried about the crackup of civilization.Photograph by Dan Winters for The New Yorker

Steve Huffman, the thirty-three-year-old co-founder and C.E.O. of Reddit, which is valued at six hundred million dollars, was nearsighted until November, 2015, when he arranged to have laser eye surgery. He underwent the procedure not for the sake of convenience or appearance but, rather, for a reason he doesn’t usually talk much about: he hopes that it will improve his odds of surviving a disaster, whether natural or man-made. “If the world ends—and not even if the world ends, but if we have trouble—getting contacts or glasses is going to be a huge pain in the ass,” he told me recently. “Without them, I’m ****ed.”
Huffman, who lives in San Francisco, has large blue eyes, thick, sandy hair, and an air of restless curiosity; at the University of Virginia, he was a competitive ballroom dancer, who hacked his roommate’s Web site as a prank. He is less focussed on a specific threat—a quake on the San Andreas, a pandemic, a dirty bomb—than he is on the aftermath, “the temporary collapse of our government and structures,” as he puts it. “I own a couple of motorcycles. I have a bunch of guns and ammo. Food. I figure that, with that, I can hole up in my house for some amount of time.”
Survivalism, the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort.
Last spring, as the Presidential campaign exposed increasingly toxic divisions in America, Antonio García Martínez, a forty-year-old former Facebook product manager living in San Francisco, bought five wooded acres on an island in the Pacific Northwest and brought in generators, solar panels, and thousands of rounds of ammunition. “When society loses a healthy founding myth, it descends into chaos,” he told me. The author of “Chaos Monkeys,” an acerbic Silicon Valley memoir, García Martínez wanted a refuge that would be far from cities but not entirely isolated. “All these dudes think that one guy alone could somehow withstand the roving mob,” he said. “No, you’re going to need to form a local militia. You just need so many things to actually ride out the apocalypse.” Once he started telling peers in the Bay Area about his “little island project,” they came “out of the woodwork” to describe their own preparations, he said. “I think people who are particularly attuned to the levers by which society actually works understand that we are skating on really thin cultural ice right now.”
In private Facebook groups, wealthy survivalists swap tips on gas masks, bunkers, and locations safe from the effects of climate change. One member, the head of an investment firm, told me, “I keep a helicopter gassed up all the time, and I have an underground bunker with an air-filtration system.” He said that his preparations probably put him at the “extreme” end among his peers. But he added, “A lot of my friends do the guns and the motorcycles and the gold coins. That’s not too rare anymore.”
Tim Chang, a forty-four-year-old managing director at Mayfield Fund, a venture-capital firm, told me, “There’s a bunch of us in the Valley. We meet up and have these financial-hacking dinners and talk about backup plans people are doing. It runs the gamut from a lot of people stocking up on Bitcoin and cryptocurrency, to figuring out how to get second passports if they need it, to having vacation homes in other countries that could be escape havens.” He said, “I’ll be candid: I’m stockpiling now on real estate to generate passive income but also to have havens to go to.” He and his wife, who is in technology, keep a set of bags packed for themselves and their four-year-old daughter. He told me, “I kind of have this terror scenario: ‘Oh, my God, if there is a civil war or a giant earthquake that cleaves off part of California, we want to be ready.’ ”
When Marvin Liao, a former Yahoo executive who is now a partner at 500 Startups, a venture-capital firm, considered his preparations, he decided that his caches of water and food were not enough. “What if someone comes and takes this?” he asked me. To protect his wife and daughter, he said, “I don’t have guns, but I have a lot of other weaponry. I took classes in archery.”

For some, it’s just “brogrammer” entertainment, a kind of real-world sci-fi, with gear; for others, like Huffman, it’s been a concern for years. “Ever since I saw the movie ‘Deep Impact,’ ” he said. The film, released in 1998, depicts a comet striking the Atlantic, and a race to escape the tsunami. “Everybody’s trying to get out, and they’re stuck in traffic. That scene happened to be filmed near my high school. Every time I drove through that stretch of road, I would think, I need to own a motorcycle because everybody else is screwed.”
Huffman has been a frequent attendee at Burning Man, the annual, clothing-optional festival in the Nevada desert, where artists mingle with moguls. He fell in love with one of its core principles, “radical self-reliance,” which he takes to mean “happy to help others, but not wanting to require others.” (Among survivalists, or “preppers,” as some call themselves, fema, the Federal Emergency Management Agency, stands for “Foolishly Expecting Meaningful Aid.”) Huffman has calculated that, in the event of a disaster, he would seek out some form of community: “Being around other people is a good thing. I also have this somewhat egotistical view that I’m a pretty good leader. I will probably be in charge, or at least not a slave, when push comes to shove.”
Over the years, Huffman has become increasingly concerned about basic American political stability and the risk of large-scale unrest. He said, “Some sort of institutional collapse, then you just lose shipping—that sort of stuff.” (Prepper blogs call such a scenario W.R.O.L., “without rule of law.”) Huffman has come to believe that contemporary life rests on a fragile consensus. “I think, to some degree, we all collectively take it on faith that our country works, that our currency is valuable, the peaceful transfer of power—that all of these things that we hold dear work because we believe they work. While I do believe they’re quite resilient, and we’ve been through a lot, certainly we’re going to go through a lot more.”
In building Reddit, a community of thousands of discussion threads, into one of the most frequently visited sites in the world, Huffman has grown aware of the way that technology alters our relations with one another, for better and for worse. He has witnessed how social media can magnify public fear. “It’s easier for people to panic when they’re together,” he said, pointing out that “the Internet has made it easier for people to be together,” yet it also alerts people to emerging risks. Long before the financial crisis became front-page news, early signs appeared in user comments on Reddit. “People were starting to whisper about mortgages. They were worried about student debt. They were worried about debt in general. There was a lot of, ‘This is too good to be true. This doesn’t smell right.’ ” He added, “There’s probably some false positives in there as well, but, in general, I think we’re a pretty good gauge of public sentiment. When we’re talking about a faith-based collapse, you’re going to start to see the chips in the foundation on social media first.”
Much more at:http://www.newyorker.com/magazine/2017/01/30/doomsday-prep-for-the-super-rich

[Wind]

Been following these financial collapse predictions for years, one time I used to believe in them.

Of course it's just a matter of time when it will happen... And in this case The Boy Who Cried Wolf parable could apply.

[AutumnW]

Wind, me too. And I was right, but my timing was off. I figured there would be a derivative based collapse in the U.S. I started fretting about that in 2001 and was one of the reasons I moved from the States, back to Canada.

I do feel there is a lot of fear porn about the economy and that the greater issues are desertification, deteriorating electric grid, climate change (whatever the cause). These could lead to economic collapse, as a secondary effect.

Central bankers are raising rates and fixing their books and that will likely cause a recession, but that is not a collapse.

[norman]

There will only be one financial collapse and they are not ready for it yet.

30 years ago, they probably thought it would be over and done with by now. I think the messy propping up measures we have seen are signs that they didn't expect to have to keep it going this long.