Thread: A very good economic email from a friend

Dear Family and Friends,



Its been a little over 2 years since my first letter warning about the imminent economic disaster I saw facing our country. Shortly thereafter all hell broke loose and we came within a hairs breadth of a total national and international financial meltdown. According to the experts in Washington, D.C. and on Wall Street, we have avoided economic disaster and are about to enter a new era of growth and prosperity due to their wisdom and quick response. They even say that the recession is over and that we will see a return to slow but steady economic growth by this summer or early fall. These same highly paid economic experts have repeatedly said; no-one could have predicted what happened to our economy in the summer and fall of 2008". You must be kidding!!!! How could so many experts fail to see what was coming when it was so painfully obvious to anyone with even modest common sense? More to the point; how could anyone with an IQ above room temperature believe a word spoken by any of the experts?



OK, let me get this straight-------the U.S. and World financial system came within a whisper of total collapse because of; too much easy credit created by the Fed, too much real estate/consumer borrowing and a phony investment banking system that promoted hundreds of trillions of dollars in high risk investments (derivatives) backed by sub-prime mortgages and liar loans. The experts have repaired that same broken economy by; lowering Fed lending rates to zero percent (easy credit) to kick-start credit markets, are frantically promoting more consumer borrowing through programs like cash for clunkers, are shoring up a collapsing housing market with low interest loans 100% backed by taxpayers, have done nothing to rein in the ever expanding derivatives market, and are now printing fiat money as fast as the presses will run to try and reflate the same enormous credit bubble that caused the whole mess in the first place.

Doubling down on a bad hand in poker is a guarantee of losing your whole pile of chips. I dont really see how doubling down on really bad economic policies could have a different outcome. The definition of insanity is making the same mistakes over and over anticipating a different outcome each time. Unless these people are intentionally trying to finish off our country and the American middle class, it looks to me like a majority of seven figure salaried Washington experts could stand some serious therapy and padded rooms at Sunny Acres.

Since nothing the experts are doing makes a lick of sense, we must logically conclude that this whole collapse is being carefully planned and orchestrated to accomplish a desired result. By doing more of what got us into this mess in the first place, an overwhelming economic collapse will without question occur in the near future. With this con, global banking interests might be able to finish off the U.S. as a sovereign republic and realize their dream of a global political and financial hegemony. We are about to reap what we have sown through our neglect and irresponsibility as stewards of our national treasure.

So many Americans have become so politically ignorant, spineless and lazy that they might gladly trade their liberty and freedom for a little comfort, safety and food. They could give away our constitutional republican system of government without a fight or even a whimper.

If you dont believe we are being manipulated, look at what happened when the whole colossal ponzi scheme started to fall apart in 2008. The Treasury and Fed stepped in and threatened Congress and the American people with utter catastrophe if we didnt bail out the same banks and multi-national corporations that had created the problem. Their solution was to turn the wealth of the citizens over to the ultra rich international banksters, who have subsequently made enormous amounts of money and have been buying the assets of smaller banks at light speed. The experts solutions always create more debt for U.S. citizens and add to the balance sheets of the Central Banksters.

Americans called, wrote and faxed Congress in record numbers telling them absolutely no bailouts. As Joe Kernan of CNBC Squackbox said The calls were coming into Congress about 50-50; fifty percent said no, 50 percent said hell no. As has become the norm, Congress ignored the American people and gave the Fed and Treasury carte blanche to create unlimited fiat money to bail out a corrupt banking system. The taxpayers were told that the bailout was for $845 billion dollars when Congress actually signed a blank check that, according to Bloomberg, has taxpayers on the hook for $27 trillion plus and continually growing. Roughly half of this $27 trillion has gone to off-shore banks to keep the quadrillion dollar derivatives market from imploding. To add insult to injury, the Fed Chairman later publicly refused to tell Congress and the American people the true size of the bailout and where all the money actually went.

Several weeks ago, President Obama announced that the loan guarantees that were extended to Fannie Mae and Freddy Mac in 2008 would now be expanded to whatever amount was needed to keep the real estate market from collapsing. Over 80% of all new residential mortgage loans now fall under the Federal umbrella and are fully guaranteed by U.S. Taxpayers. The next shoes to drop will be the collapse of the commercial real estate market and massive defaults by State/Local governments that can no longer pay their bills. Tax receipts nationwide are down 20-30% on average with several states approaching 40%. Grandiose government spending programs that werent sustainable during good times, look incredibly ugly during bad times, and the really bad times havent even started yet. Later this year there will be another huge influx of adjustable and sub-prime mortgage resets that could be nearly as nasty as in 2008. They just keep piling on the debt for our children!!!!

Unemployment numbers are being intentionally under-reported because of radical changes in the reporting criteria established under the Bush and Clinton Administrations. The real unemployment numbers are at nearly 20% when the traditional reporting methods are used and many other government economic indicators such as CPI, PPI and GDP have also been radically changed to deflect the truth and fool the public. Retail sales figures have been grossly exaggerated and many additional businesses will fail this year because they are just hanging on by their fingernails. To see what the numbers really are in traditional terms go to: www.shadowstats.com .

Our leaders have kicked the economic can down the road for the last time. Our national debt is now so enormous that it is impossible to pay off. Dont believe for a New York second that all these six figure experts are just making mistakes that are leading to this disaster. If they are that consistently inept, why do we keep getting the same highly paid experts year after year in spite of their dismal record?

We are being herded like sheep into the New World Order world government and financial system that has been planned for many decades. This is no crazy conspiracy theory, this is verifiable fact and is evidenced everywhere in the U.N.s own publications. Americans are about to realize the fruits of their gullibility and inattention to the takeover of our government by globalists and populists. I t would take a book-length letter to include all the details, cross references, and to footnote my statements. Im afraid you are going to have to take my warnings at face value and if you have questions, contact me for an extensive reading list.

The globalist elite have been taking over the reins of power for over a hundred years and when our leaders pull the plug on our financial system, we will be thrown into an economic depression and social chaos unlike anything we could have ever imagined. This depression and the ensuing anarchy will be allowed to continue until average Americans will beg to be saved by a world government and world financial system. You have to understand that the system of world government that the elite have planned for us will have no resemblance to the Constitutional Republic that our founders envisioned. The UN Charter was written by devout Marxists and Communists and is virtually a word - for- word copy of the Soviet Constitution of 1936.

People ask me; D, What would be so bad about a little socialism, we already have more than a little socialism and it hasnt hurt us so far? Oh really? What do you think has led to the collapse of our financial system and the ongoing destruction of the American middle class? What do you think has led to the dismantling of our industrial base and the non-stop wars that are sapping our strength? What do you think has led to a 65 trillion dollar black hole in Social Security, Medicare and Medicaid? It certainly isnt because we have so jealously guarded liberty, individual responsibility, and free market principles. Despite the incessant BS of the pundits of globalism; we are suffering these problems because we have strayed so far from the free market capitalism of our founders. Over the past 100+ years we have adopted the policies of the globalists, socialists, populists and big government interventionists just as they planned. We are living in the ultimate Hegelian dialectic with every aspect of our society controlled and manipulated to move us into the predetermined outcome. One thing that I can absolutely guarantee; Your life will not resemble the good old days when you had liberty, abundance and free choice.

Its just about time that we all wake up and pull our collective heads out of our butts before its too late. If we refuse to get involved in the political process and continue to sit like mindless zombies in front of the one-eyed-mind sucker watching sports programs and sit-coms we will deserve every bad thing we get. Shame, shame on those who failed to accept their responsibility as parents to protect their families and sat on their laurels waiting for someone else to do the heavy lifting. Those who show up win and there are an awful lot of folks that not only dont show up, they dont even get out of bed.

I have done everything but beg my family and friends to get involved and stop the globalist takeover or get ready for the inevitable collapse that will happen if you dont. You will not be able to depend on anyone, especially the government to take care of you or bail you out. You need to get prepared now. You have had at least two years to get ready and if you choose to ignore good advice, I wash my hands of any moral responsibility. Quit being afraid that someone will think youre odd if you get prepared in ways that were second nature only 2 generations ago.

Please reread my letters from 5 and 2 years ago, and last year, then consider following the advice in them. There is nothing in those letters that have proven false and just because every event predicted in them hasnt happened yet, there is no reason to assume that they wont. I have not changed my mind about anything written in those letters. To tell the truth, I think that it could be much worse than I originally predicted. Im not sure how long we have to get prepared but you should assume that its not very long.

Our government has been setting the table for a very nasty hyperinflation followed by an outright worldwide depression unlike anything in history. We are in the early stages of that now and will be seeing growing evidence that Treasury and The Fed cannot keep the Genie in the bottle much longer. The Chinese have been selling U.S. Treasuries at an alarming rate and have reduced their holdings by 5% just in the past 60 days. Since last March The Fed has been monetizing the debt at around 80% with foreign and domestic purchases of Treasuries dropping steadily for the past two years.

Just so you understand the meaning of monetizing debt, The Fed buying U.S. Treasuries is very much like a husband and wife sharing one overdrawn checking account. This couple has been very irresponsible and have spent way beyond their means for many years. The husband writes a bad check and is hauled off to jail. His wife goes down to the jail and writes a check to cover the first one, not mentioning that it is written on the same overdrawn account. The cops release the husband and they both leave town knowing that it will take a few days before the cops realize that they have been scammed. Wheres The Fed and Treasury going to run to when the whole world realizes the scam?

I told you all several years ago that the only reason the dollar was so strong was because of its status as the worlds reserve currency. We have pulled so many scams in the last 18 months that we are very close to losing the credibility to maintain that role on the world stage. When we finally lose reserve currency status, our fiat monetary system will topple like a house of cards. Having dollar denominated paper assets will mean very little if inflation rockets like I believe it will. You would be very foolish not to transfer 15-20% of your net worth into commodities and/or precious metals.

We are about to enter a new phase of this game of globalization and I hope that you will be prepared to meet the enormous challenges just around the corner. Whatever you do, get involved and speak out against those who want to take our liberty. The time for letting others assume your responsibility are over----we are adults now, either do your share or get off the boat! Your family is depending on your leadership. And above all, pray for guidance from above.



In liberty,





D

Yup! Fixing the system should never have been put in the hands of the people that screwed it up, and then printing more money as they realize they can't squeeze more blood out of us turnips, is insane. And the money that should have been helping us turnips survive as our job base disappears has gone to pay record Wall Street bonuses instead.
I don't trust any "statistics" that come out of the feds these days, especially with mid-term elections around the corner. For example, there are plenty of folks who work by themselves and for themselves and are not included in the stats. Then there are folks like real estate agents (independent contractors with a company) who also do not qualify in those statistics, and with the real estate market fall, there are few that are earning any income.
Evem our GDP numbers and economic indicators are skewed, as they are "seasonally adjusted." Even volatility (as in the fuel markets) is skewed as tossing out "seasonally adjusted" demands in winter months versus summer months to come to a number.
The saddest thing is that the prices of commodities and almost everything else is dependent on Wall Streeters making a profit for their client with their trading.
Free market? Crap! Our markets are controlled by the professionals representing the folks with the money, while normal Americans end up paying the price, as always.

Great post!

I believe everything you speak of is true. I have done a lot of research that supports what you write. The info is out there.

Do you want the blue or red pill?

Most people are ignorant of the facts, or, are in denial.

With your permission, I plan to copy your post and send it to all my family and friends.

NR

Oh my goodness, I must apologise, as I did not pen that. I had been talking about banking and economics with a friend, and this was the summary I had asked him for.

He is in deeper on this stuff than I as he works in the arena. One of my mentors on the subject actually. I met him and his wife at the courthouse the day I closed my last business.