The New Abnormal.

From 24hgold,  March 05th, 2011
by Roger Wiegand - Webeatthestreet


Analysts and traders have been watching precious metals closely in recent years wondering when and if the metals would separate from the trading influence of the broader stock markets. We’ve noticed a very gradual departure on the edges. It has been so gradual most would not notice it. We see it in several connected markets during rallies and sell-offs and in other related markets signals-indicators.

Will we get a fast break-away or, will the gradual approach prevail? I suspect a hard breakaway arrives when the broader global stock markets take a hard tumble. However, between now and then there could be many more months of required trading to settle this idea within the psyche of trading and investing minds.

Understand that most participants in global markets still believe in the old paradigm of fundamentals. They are believers in buy and hold forever and follow the New York investment community’s mantra as their Washington government lapdogs work in concert to “Keep The Big Game In Play,” encouraging all, that (current upsets) this too shall pass.

We don’t think so. And, with the new spreading violence in the middle East followed by subsequent rising energy prices, the “New Normal” or, should we say the “New Abnormal” has arrived and its not leaving any time soon.

“If the US Government and their counterparts in other nations would write-off ALL the bad debts, cut government spending in half and dramatically reduce taxes for all to just 10% of net for companies, and 10% for the Sheeple, then the entire world would quickly turn around creating a boom.”

Not a chance. Not even one chance in a million. The reason is the fat cats in New York and Washington, and those in global corporations like things just as they are. The Sheeple are just used for voting and paying taxes. They are considered just useful dirt under the feet of these controllers. Further, as one entrenched politico told us, “all decisions in Washington are carefully planned and on purpose.”  Nothing happens that is not deliberate.  So while their decisions appear very stupid, they have a nefarious purpose.

Included in those decisions are debasement of the US Dollar, the inflation of credit and the giant-credit-housing smash. Further, they planned the shipment of assets and jobs overseas to delete labor costs and the intentional destruction of the entire American middle class stealing their jobs, homes, savings and retirement funds. So far it’s working.

On the surface, sharp readers and thinkers in the Sheeple Herd keep throwing verbal barbs calling these bankers, congressional thugs and goons and, “Stupid.” Yes, they are stupid in what they are doing but its being stupid with a smart and deliberate purpose… and that purpose is to decimate and steal credit and assets of honest Americans and similar folks in other countries. One global currency and one government is the goal.

This is about power and control of whole nations…of the whole world.  It has been planned since the Napoleonic Wars when the Rothchild banking cabal in France loaned piles of cash to BOTH SIDES OF THESE WARS TO MAKE MONEY.

All the bad stuff seen in this decade and some in prior decades is part of a grand plan to create a one- world government, have one currency and have all important decisions made by a handful of crooks. The only way things are going to change is when fiat currency has no value and the international criminal cabal is smashed into the ground by their own failing bond markets. If this happens, the Sheeple Herd has a small chance, but they will have to fight for it and we think they will.

Watch what’s happened in Iceland and Ireland. These folks have no intention of paying bankers back for the bad loans they instigated. After Ireland gives the Euro-bankers the one fingered salute, it is going to spread very fast and then Euro-banking sinks into a smoldering pile of wreckage and cracked-up bond markets. Watch the PIIGS go down first.

With no fiat money to spread around and no takers for their specious bonds, bills and other paper; stock and credit markets as we know them now are finished. Then we’ll see some real, old fashioned goods trading, black markets, expanding regional gangs and unbelievable backlash against the instigators. If you thought the 1850-1890 USA era was the wild west,; watch what comes next.

One American pundit said 50 years ago that “Violence is as American as Apple Pie.” I did not quote it precisely, but you get the drift. We’ve heard the gun population within the USA is anywhere from 100-400 million. We have no idea and could never even come close to a guesstimate. However, we do know one thing; the real American patriots are loading for bear and with current open attitudes on the street, they intend to take no prisoners. 

We’ve quoted before from the great book “When Money Dies,” by Adam Fergesson, that over 400 politicians were assassinated in the 1920-1921 Austrian-Weimar Germany hyperinflation. This is what happens when things go very desperate.

I am a peaceful non-violent journalist interested in the truth and being of service to my readers, friends, traders and investors. I want no part in any violence but I am a smart student of history. I believe history repeats and that day of “Refreshing the Tree Of Liberty” is not very far away. Not far at all.

Most nations and those with freedom and liberty have a shelf life of approximately 250 years. America is now in our 235th year if the baseline is 1776. This means if those cycles hold true, that within the next 15 years or less, the Grand American Experiment is duly ready for some “Tree Refreshing.”

When you steal a man’s home, his job, his savings, his future, and his retirement, that man is going to go gunning. The Sheeple Boyz have got the guns and there are probably lots of girls that do too. The rule of law in the USA has long since gone down the drain. Congress, and our president are imposing laws at will and do so in violation of the U.S. Constitution and our Bill of Rights and, of course, the most important all, the Ten Commandments.

While a long hot summer appears to be arriving in the states’ this summer, those kinds of violent riots, fires and other mayhem will at first be smothered by the cops; both local and regional. However, when the dollar and the bond markets are toast, we’ll begin to enter The New Abnormal as breakdowns occur everywhere.

All the freaks, crooks, psychopaths and greedy bankers and politicians will have no where to hide. If I was in that camp I would be extricating myself from these gangs and finding a place for a new life. We do not encourage or wish violence on anyone. However history books tell us and, have proven time and time again, this is what lies ahead under these circumstances. Do not go to violence. Be peaceful and stay out of the way.

So When Do The Precious Metals Diverge?

No one is so smart that they can measure with any accuracy when credit breaks-up or exactly when the Federal Reserve and other central bankers lose control. It seems that each of the popular, in the news countries we discuss have some kind of Black Swan lurking and ready to wreak havoc. It could be China’s real estate market, Japan’s credit market or, something within Western or Eastern Europe. It could be food rationing, earthquakes, or a roiled energy market or, a catastrophic credit market failure in America. It could be violence against world leaders or, even a false report on the stock markets.

Remember the USA Flash Crash! Just this week the Aussie Stock Exchange closed for a glitch. It could be Saudi Arabia going upside down with problems similar to Egypt. In any event, so much of the world is held together with chewing gum and bailing wire, the smart ones are personally preparing to deal with it. Most understand that when a severe crisis hits you get no institutional help…they only get in the way for public relations reasons.

Some Key Events That Signal Precious Metals Could Diverge.

1. Precious metals shares begin to rise or stay flat (not selling) when broader markets sell off.

2. Gold and silver futures trade-up faster even when the broader stock markets are rising.

3. Base metals and precious metals diverge. When base metals are falling including key industrial metals like copper, something big is coming.

4. When New York analysts talk of something not in the news that ought not to require any public discussion, go opposite to what they are saying. Shakespeare called it, “Me-Thinks Thou Protesteth too much.” One example is Geithner telling the herd this morning that Congress needs to address the housing situation in the next two years. Sorry stupid, this should have been addressed and blocked when Greenspan gave zero rates ten years ago. Timmy said “Next two years” to give his boss wiggle room getting him past the election. These dolts probably won’t get to the next voting date before a crash and mayhem hits them on their lying heads.

The New Abnormal Continued

Our key discussion point in this report is to encourage traders, readers and investors to understand there is no returning to the olden days of Ozzie & Harriett and the 1950’s. The New Abnormal is inflation to hyperinflation moving toward destruction of the US Dollar.  It appears we are mostly safe until May or June when the “Sell In May And Go Away” bell rings. The US National Budget will not be fixed and the GOP’s have no prayer of cutting any programs dramatically. They are making lots of dust and news, but to no avail. The government will not be shut down and politics gets more rough and nasty as the budget fights spill over into the states. Watch California-Wisconsin for a states’ failure roadmap.

Traders And Investors Should Expect The Following:

1. The new USA budget will be another smoke and mirrors non-budget solving nothing significant. The Federal Reserve will continue to print and pour in more paper, finishing QE2 at the end of March and beginning QE3 in the second quarter. In summer, we get QE 4. Numbers 3 and 4 will not be announced they just do it.

2. US inflation is now running over +20% for food and energy and is rising even faster. Other stuff is deflating or is beginning to see price increases starting newer inflation in other sectors. The definition of Hyperinflation is inflation running at an annualized rate above +50%. The USA dollar either fails and is replaced or, is cut in half on value from index80.00 to 40.00.

3. USA food-makers and restaurants are struggling with higher prices. Big chain grocery stores are trying to hold the line but their margins are already razor thin. Marginal food stores and small retailers will fail in droves.

4. American farmers are going full-out to plant fence-to-fence as grain prices skyrocket. One top analyst said that if the corn crop falters this summer for any reason we are in big trouble. Corn reserves are the lowest since 1974, yet the government is demanding more corn for ethanol. The last ethanol corn number we saw was 5 Million bushels for fuel that is essentially not economically viable. This is mandated for the greenies and tree-huggers to get votes.

5. China has 35% inflation (not-announced) with real estate prices totally out of control. A top analyst wrote the real estate bubble is separate from the other stuff. We see a blend of slower sectors (inflation of other stuff, moving into real hard inflation). China has severe food shortages and they will be buying lots of grain on world markets, especially USA soybeans.  Major freezing-drought has killed over 30% of their grain and the government is now spending $75 Billion on domestic police security equal to their national defense budget. This means they expect riots and violence over food problems, jobs, payroll, inflation and general shortages.

6. Basic ores like iron, zinc, manganese, aluminum, copper and others see prices rise on China demand and new inflation. A new report says iron ore is going up +20% right now. Recently, copper was nearly $4.60 a pound; over $10,000 per ton.

7. Most markets seem bullish until later spring. After this we are very wary, expecting a flat summer with increasing volatility beginning in later August. This fall could be very traumatic. Inflation will be quite difficult and could morph into something worse. Remember, credit is king and when the king is dead so are we monetarily.

8. Crude oil and other products are now firm with higher supports and prices. On this Friday morning of 3-4-11, crude oil futures are 103.20 with highs over 103.57. Watch for 108 next higher resistance followed by $112-115. Natural gas is plentiful and prices should stay low until our summer air conditioning season when power plants ramp-up the juice to run all the A/C demand. Jet-A and diesel prices are rising. The airlines must install fuel surcharges on tickets and truckers have to raise transport prices again. This means that everything riding on a truck costs more, especially food.

9. Mexico suffered a hard freeze a few weeks ago from the USA border all the way to their southern border near Guatemala. Since they provide 50% of USA national demand for fruits and vegetables, those products in USA stores will encounter shortages and prices could temporarily double. The newer crop is planted next month in April and will not be ready for shipment until later May or June. Meanwhile, a large production-USA delivery hole exists.

10. The Middle Eastern crisis will spread. Iran is fomenting trouble in most all nations now in an uproar with riots, joblessness and inflation. The Saudi’s are throwing billions at their Sheeple to quiet their herd and so far it’s working. However, Iran and their bad-boy friends are going to “seize the moment” to gain political footholds where they have not been before.

11. These troubles in the Middle East will spread and give the global central bankers an opportunity to save their failing selves by starting a new World War III with Iran. We forecast Iran will be attacked by outsiders in 2012 or 2013.  Sadly, this could be the mother of all wars involving most major nations in the fight for global power and energy.

Now, more than ever, it is important to take the immediate necessary precautions to protect yourself and your families and friends. Traders and investors should be buying precious metals and select shares right now. In our newsletter we have a great list of trading and investing ideas for you.

Meanwhile, you can never go wrong buying physical precious metals and holding them for security. We’ve had a constant run of nearly ten years in gold rising +15% per year or more, so this remains a good trade. In the last twelve months, gold rallied over 34% and is going ever faster. As outstanding as those numbers are, silver is doing even better.

It’s not going to stop any time soon. In fact, we predict those annual percentages will rise even more and this offers a chance, arriving only once in 25 years on the historical commodity cycles.

Roger Wiegand

www.webeatthestreet.com

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Western military intervention would be "a knife at the heart of the revolutionary process now sweeping the Arab world." But of course, that's exactly what Peace prizeniks and Etonian schoolboys now leading the "Free World" would like to see

By Chris Floyd, March 04, 2011  


  The howling hypocrisy of the American response to the uprising in Libya has been so jaw-dropping and nauseating that I've hardly been able to address it. Fortunately, Seamus Milne is on the case, and voices much of my thinking about the matter:

The same western leaders who happily armed and did business with the Gaddafi regime until a fortnight ago have now slapped sanctions on the discarded autocrat and blithely referred him to the international criminal court the United States won't recognise.

Yes, does this not, as they say, take the cake ... and the plate and the forks and the napkins too? The United States pushing through a measure to refer Libyan leaders to an international court which the United States resolutely refuses to recognize -- lest its own leaders and their underlings find themselves in the dock for the most monstrous war crimes of this century? Yet even today, the Nobel Peace Prize Laureate was sternly wagging his finger at Gaddafi and his underlings, telling them they "will be held accountable" for their actions before the august institutions of international justice, which weigh the whole world in the balance ... except for the Peace prize-winning drone assassin and Continuer-in-Chief of a worldwide campaign of state terror, that is. But now back to Milne:

With Colonel Gaddafi and his loyalists showing every sign of digging in, the likelihood must be of intensified conflict – with all the heightened pretexts that would offer for outside interference, from humanitarian crises to threats to oil supplies.

But any such intervention would risk disaster and be a knife at the heart of the revolutionary process now sweeping the Arab world. Military action is needed, US and British politicians claim, because Gaddafi is "killing his own people". Hundreds have certainly died, but that's hard to take seriously as the principal motivation.

When more than 300 people were killed by Hosni Mubarak's security forces in a couple of weeks, Washington initially called for "restraint on both sides". In Iraq, 50,000 US occupation troops protect a government which last Friday killed 29 peaceful demonstrators demanding reform. In Bahrain, home of the US fifth fleet, the regime has been shooting and gassing protesters with British-supplied equipment for weeks.

The "responsibility to protect" invoked by those demanding intervention in Libya is applied so selectively that the word hypocrisy doesn't do it justice. And the idea that states which are themselves responsible for the deaths of hundreds of thousands in illegal wars, occupations and interventions in the last decade, along with mass imprisonment without trial, torture and kidnapping, should be authorised by international institutions to prevent killings in other countries is simply preposterous.

One key point Milne makes here deserves underlining: Western military intervention would be "a knife at the heart of the revolutionary process now sweeping the Arab world." But of course, that's exactly what Peace prizeniks and Etonian schoolboys now leading the "Free World" would like to see happen. As Milne notes, the Arab Awakening is threatening some of the West's favorite dictators and tough guys, from the religious extremists in Saudi Arabia to the ever-complaisant corruptocrats in Bahrain to the client brutalists in Iraq and elsewhere.The dullards directing world affairs have been desperately casting about for a way to put the kibosh on the movement - and Libya might give them the opening they've been fumbling for. Milne again:

The reality is that the western powers which have backed authoritarian kleptocrats across the Middle East for decades now face a loss of power in the most strategically sensitive region of the world as a result of the Arab uprisings and the prospect of representative governments. They are evidently determined to appropriate the revolutionary process wherever possible, limiting it to cosmetic change that allows continued control of the region.

In Libya, the disintegration of the regime offers a crucial opening. Even more important, unlike Tunisia and Egypt, it has the strategic prize of the largest oil reserves in Africa. Of course the Gaddafi regime has moved a long way from the days when it took over the country's oil, kicked out foreign bases and funded the African National Congress at a time when the US and Britain branded Nelson Mandela a terrorist.

Along with repression, corruption and a failure to deliver to ordinary Libyans, the regime has long since bent the knee to western power, as Tony Blair and his friends were so keen to celebrate, ditching old allies and nuclear ambitions while offering privatised pickings and contracts to western banks, arms and oil corporations such as BP.

Now the prospect of the regime's fall offers the chance for much closer involvement – western intelligence has had its fingers in parts of the Libyan opposition for years – when other states seem in danger of spinning out of the imperial orbit. ... Military intervention wouldn't just be a threat to Libya and its people, but to the ownership of what has been until now an entirely organic, homegrown democratic movement across the region.

Again, that would be -- will be? -- the very point of any type of Western military intervention in Libya: to kill a popular, democratic movement that is at present beyond the control of the imperial militarists along the Potomac. Such an intervention would allow Gaddafi and other tyrants under threat to paint opponents to their rule as "tools of the imperialists," while rallying many who oppose them back to their side, to defend the nation against outsiders. This in turn would help "stabilize" the revolutionary situations -- and the leaders, now safe once more, could then turn back to their cynical backroom deals with the West, and hoarding the blood and toil of their people in the cool vaults of Swiss banks. Hey, it's a win-win situation all around.

Events are in free, chaotic flow right now. The Libyan opposition might be able to oust Gaddafi before President Peacey and Prime Minister Fauntleroy go in with guns blazing. And events elsewhere might suddenly erupt and draw off attention and resources. But we are certainly seeing a creeping militarization in the response to the Libyan uprising -- and behind the exigencies of this crisis, there is the deeper shadow that Milne discerns: the longer-range project to diffuse and destroy the Arab Awakening before it further spreads its genuine threat to the business-as-usual dominance of Western elites.

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Related:

I smell a rat - 

By William Bowles

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The Collapse of the Old Oil Order: How the Petroleum Age Will End

US - NATO Threats to Libyan Sovereignty and Territorial Integrity

The London School of Economics struck a deal to train hundreds of “future leaders” of Libya, according to leaked diplomatic cables.


London School of Economics director Howard Davies resigns after fresh allegations over institution's links to Libyan regime

 U.S., NATO Allies Gear Up For War With Libya

British Troops On 24-Hour Notice Stand-By For Libya Intervention

Britain preparing to send advisers to help anti-Gadhafi forces

What sort of buffoon is Cameron?

NATO Planning No-Fly Zone Over Libya

U.S., NATO Preparing Yugoslavian Option For Libya

Global forces driving Middle East uprisings

Fidel Castro: NATO’s Inevitable War Part II

Roots of the Arab Revolts and Premature Celebrations - By James Petras

UN set to adopt report praising Libya's human rights record

'Liberation' : Beware the Ides of March. (Part One.)

Six reasons not to intervene in Libya – Telegraph Blogs

China Insists Libyan Sovereignty Must Be Respected

Russia and Saudi Arabia warned against outside political or military intervention in Libya

Libya, Getting it Right: A Revolutionary Pan-African Perspective

Rebels Beat Back Gadhafi Forces

virtually unknown in the West: Libya's water resources

People Of Earth: You Are So Freaking Doomed

From The Economic Collapse Blog, March 4th, 2011

It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.  The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst. In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly.

Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food.  But now the price of oil and the price of food are both increasing dramatically. So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents?  How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent?

For decades, most of the major economies around the globe have been able to take for granted that massive amounts of cheap oil and massive amounts of cheap food will always be there. So what happens when that paradigm changes?

At last check, the price of U.S. crude was over 104 dollars a barrel and the price of Brent crude was over 115 dollars a barrel.  Many analysts fear that if the crisis in Libya escalates or if the chaos in the Middle East spreads that we could see the all-time record of 147 dollars a barrel broken by the end of the year. That would be absolutely disastrous for the global economy.

But it isn’t just the chaos in the Middle East that is driving oil prices. The truth is that oil prices have been moving upwards for months.  The recent revolutions in the Middle East have only accelerated the trend.

Let’s just hope that the “day of rage” being called for in Saudi Arabia later this month does not turn into a full-blown revolution like we have seen in other Middle Eastern countries.  The Saudis keep a pretty tight grip on their people, but at this point anything is possible.  A true revolution in Saudi Arabia would send oil prices into unprecedented territory very quickly.

But even without all of the trouble in the Middle East the world was already heading for an oil crunch.  The global demand for oil is rising at a very vigorous pace. For example, last year Chinese demand for oil increased by almost 1 million barrels per day.  That is absolutely staggering. The Chinese are now buying more new cars every year than Americans are, and so Chinese demand for oil is only going to continue to increase.

Much could be done to increase the global supply of oil, but so far our politicians and the major oil company executives are sitting on their hands. They seem to like the increasing oil prices.

So for now it looks like oil prices will continue to rise and this is going to result in much higher prices at the gas pump.

Already, ABC News is reporting that regular unleaded gasoline is going for $5.29 a gallon at one gas station in Orlando, Florida.

The U.S. economy in particular is vulnerable to rising oil prices because our entire economic system is designed around cheap gasoline.  If the price of gas goes up to 5 or 6 dollars a gallon and it stays there it is going to have a catastrophic effect on the U.S. economy.

Just remember what happened back in 2008.  The price of oil hit an all-time high of $147 a barrel and then a few months later the entire financial system had a major meltdown.

Well, as the price of oil rises it is going to create a whole lot of imbalances in the global financial system once again.

This is definitely a situation that we should all be watching.

But it is not just the price of oil that could cause a global economic disaster.

The global price of food could potentially be even more concerning.  As you read this, there are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less.  Those people cannot afford for food prices to go up much.

But global food prices are rising.  According to the United Nations, the global price of food has risenfor 8 consecutive months.  Last month, the global price of food set a brand new all-time record high.  Many are starting to fear that we could actually be in the early stages of a major global food crisis.

The price of just about every major agricultural commodity has been absolutely soaring during the past year….

*The price of corn has doubled over the last six months.

*The price of wheat has more than doubled over the past year.

*The price of soybeans is up about 50% since last June.

*The price of cotton has more than doubled over the past year.

*The commodity price of orange juice has doubled since 2009.

*The price of sugar is the highest it has been in 30 years.

Unfortunately, the production of food in most countries around the world is very highly dependent on oil, so as oil goes up in price this is going to make the food crisis even worse.

Hold on to your hats folks.

Also, as I have written about previously, the world is facing some very serious problems when it comes to water.  Due to the greed of the global elite, there is not nearly enough fresh water to go around.  The following are some very disturbing facts about the global water situation….

*Worldwide demand for fresh water tripled during the last century, and is now doubling every 21 years.

*According to USAID, one-third of all humans will face severe or chronic water shortages by the year 2025.

*Of the 60 million people added to the world’s cities every year, the vast majority of them live in impoverished slums and shanty-towns with no sanitation facilities whatsoever.

*It is estimated that 75 percent of India’s surface water is now contaminated by human and agricultural waste.

*Not only that, but according to a UN study on sanitation, far more people in India have access to a mobile phone than to a toilet.

*In northern China, the water table is dropping one meter per year due to overpumping.

These days, one of the trendy things to do is to call water “the oil of the 21st century”, but unfortunately that is not a completely inaccurate statement.  Fresh, clean water is something that we all need, but right now world supplies are getting tight.

Our politicians and the global elite could be doing something about this if they really wanted to, but right now they seem perfectly fine with what is happening.

On top of everything else, the sovereign debt crisis is worse than it has ever been before.

All of the major global central banks have been feverishly printing money in an attempt to “paper over” this crisis, but it is not going to work.

Most Americans don’t realize it, but right now the continent of Europe is a financial basket case.  Greece and Ireland would have imploded already if they had not been bailed out, and now Portugal is on the verge of collapse.  The interest rate on Portugal’s 10-year notes has now been above 7% for about 3 weeks, and most analysts believe that it is only a matter of time before they are forced to accept a bailout.

Sadly, if the entire global economy experiences a slowdown because of rising oil prices, we could see half a dozen European nations default on their debts if they are not bailed out.

For now the Germans seem fine with bailing out the weak sisters that are all around them, but that isn’t going to last forever.

A day or reckoning is coming for Europe, and when it arrives the reverberations are going to be felt all across the face of the earth.  The euro is on very shaky ground already, and whether or not it can survive the coming crisis is an open question.

Of course there are some very serious concerns about Asia as well.  The national debt of Japan is now well over 200% of GDP and nobody seems to have a solution for their problems.  Up to this point, Japan has been able to borrow massive amounts of money at extremely low interest rates from their own people, but that isn’t going to last forever either.

As I have written about so many times before, the biggest debt problem of all is the United States.  Barack Obama is projecting that the federal budget deficit for this fiscal year will be a new all-time record 1.65 trillion dollars.  It is expected that the total U.S. national debt will surpass the 15 trillion dollar mark by the end of the fiscal year.

Shouldn’t we have some sort of celebration when that happens?

15 trillion dollars is quite an achievement.

Most Americans cannot even conceive of a debt that large.  If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

But the United States is not alone.  The truth is that wherever you look, there is a sea of red ink covering the planet.

The current global financial system is entirely based on debt.  If the total amount of debt does not continually expand, the system will crash.  If somehow a way was found to keep this system going perpetually (which is impossible), the size of global debt would keep on increasing infinitely.

Now the World Economic Forum says that we need to grow the total amount of debt by another 100 trillion dollars over the next ten years to “support” the anticipated amount of “economic growth” around the world that they expect to see.

The entire global financial system is a gigantic Ponzi scheme.  It is designed to keep everyone enslaved to perpetual debt.  If at some point the debt spiral gets interrupted in some significant way, we are going to witness an economic disaster that is going to make what happened in 2008 look like a Sunday picnic.

The more research that one does on the current global economic situation, the more clear it becomes that we are absolutely doomed.

So people of earth you had better get ready.

An economic disaster is coming.

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Related:

Why do Americas police need an armored tank?

Bob Chapman: Terror threats appear to be on the rise as FEMA has rushed a $1 Billion order of dehydrated food in the event of attacks on domestic targets in the US.


"Each and every citizen in the United States - man, woman and child - pays some $5,000 or so per year for U.S. defense spending.