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October 18th, 2011 
FAKE NEWS for the Zionist agenda 
The Economic Collapse
October 18, 2011
The entire financial system of the western world is designed to be a debt spiral. The total amount of money and and the total amount of debt are supposed to continually expand. Today, we are in debt up to our eyeballs and it seems like nearly everyone is talking about “deleveraging” and reducing government debt. But in a world where the entire financial system is based on debt, is there any way for massive deleveraging to take place without plunging us all into a horrific worldwide depression? The governments of the western world have had a lot of fun spending money as if there was no tomorrow, but now tomorrow has arrived and all of that debt is rapidly catching up with us. Politicians in Europe and in the United States are running around trying to come up with a “plan”, but there is no “plan” that is going to fix the current debt-based system. Over the next few years we are going to reap what we have sown.
For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped a trillion dollars.
Sadly, most Americans simply have no idea how much money a trillion dollars is.
Perhaps an illustration or two would help.
If on the day when Jesus was born you began spending one million dollars every single day, you still would not have spent one trillion dollars by now.
That is how large a trillion dollars is.
If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars.
Some people have suggested that we could solve our problems by taxing the rich.
Well, if Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.
No, the truth is that what we have is a spending problem.
The U.S. federal government is spending way, way too much money. Total U.S. government debt will soon cross the 15 trillion dollar mark.
Should we do something to celebrate such a monumental national achievement?
It really takes a special effort to borrow 15 trillion dollars.
We have accumulated the largest mountain of debt in the history of the world, and yet our government continues to add to our debt at a blistering pace.
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.
Unfortunately, we are not paying it off right now. Instead, we are adding even more to it.
Back in the early 1980s, Ronald Reagan declared the national debt to be a national crisis.
Well, today our national debt is more than 14 times larger than it was when Reagan took office.
Something has gone horribly, horribly wrong.
Right now, spending by the federal government accounts for about 24 percentof GDP. Back in 2001, it accounted for just 18 percent.
Spending is going in the wrong direction.
And most government spending goes into the pockets of individual Americans.
59 percent of all Americans now receive money from the federal government in one form or another.
We have got tens of millions of Americans that are completely and totally addicted to getting money from the federal government.
But wasn’t the Tea Party supposed to do something about all of this crazy government spending?
Unfortunately, the Tea Party has failed in this area. In the mainstream media there is talk of “austerity” by the federal government, but the truth is that spending by the federal government has increased by about 5 percent so far this year.
We are hurtling toward a “debt wall” and the brakes don’t seem to work.
Europe is in a massive amount of debt trouble as well. In fact, a financial meltdown is probably going to happen in Europe before it happens in the United States.
Greece, Portugal, Ireland and Italy all have debt to GDP ratios that are well above 100%. Spain is in a massive amount of trouble as well.
Right now, Greece, Portugal, Ireland, Italy and Spain owe the rest of the world about 3 trillion euros combined.
Greece is on the verge of a default of one form or another, and Italy and Portugal look like they will not be far behind.
As the financial world braces for a Greek default, the yields on Greek bonds are going absolutely crazy. The yield on 2 year Greek bonds is now over 70 percent. The yield on 1 year Greek bonds is now over 170 percent.
- A d v e r t i s e m e n t
Sadly, it looks like Portuguese bonds are starting to go down the same path. The yield on 2 year Portuguese bonds is now over 17 percent. A year ago the yield on those bonds was about 4 percent.
European banks are also drowning in an ocean of debt.
According to renowned financial journalist Ambrose Evans-Pritchard, banks in Europe need to reduce the amount of lending on their books by about 7 trillion dollars in order to get down to safe levels….
Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the US and Japan, threatening to trap the region in a credit crunch and chronic depression for a decade.
But can that be done safely?
Can that be done without plunging Europe into a financial nightmare?
Ambrose Evans-Pritchard is skeptical….
The risk is “Japanisation” without the benefits of Japan: without a single government, or a trade super-surplus, or 1pc debt costs, or unique social cohesion.
Already the financial crisis in Europe has pushed unemployment to frightening levels. So what will happen if you add massive deleveraging to the equation? Ambrose Evans-Pritchard is very concerned about what might happen in some of the most troubled nations….
Even today, the jobless rate for youth is near 10pc in Japan. It is already 46pc in Spain, 43pc in Greece, 32pc in Ireland, and 27pc in Italy. We will discover over time what yet more debt deleveraging will do to these societies.
Major European banks not only have too many loans on their books – they have also borrowed way, way too much money themselves.
The truth is that most major European banks are leveraged to the hilt and are massively exposed to sovereign debt. Before it fell in 2008, Lehman Brothers was leveraged 31 to 1. Today, major German banks are leveraged 32 to 1, and those banks are currently holding a massive amount of European sovereign debt.
What all of this means is that we are on the verge of some really bad stuff.
The governments of the world are up to their eyeballs in debt. According to the Economist, the governments of the world combined are more than 40 trillion dollars in debt. But that total only counts government debt held by the public and it does not include any future obligations (such as Social Security, etc.) owed by national governments.
It would be hard to understate how much of a crisis this is.
But just like with the subprime mortgage meltdown of a few years ago, a number of very savvy investors and economists can see what is coming.
For example, Texas investor Kyle Bass made millions and millions of dollars betting against subprime mortgages, and now he is warning that we are facing a crisis much greater than that.
Bass believes that the European debt crisis is soon going to explode. In particular, he has been putting his money into investments that will pay off big if Greek debt collapses.
But that is not all Bass has been up to. He has been stockpiling gold, guns and nickels (20 million nickels to be exact).
Bass appears to be well prepared for the coming economic collapse. The following is how one writer described his visit to the 40,000 square foot “fort” owned by Bass….
“We hopped into his Hummer, decorated with bumper stickers (God Bless Our Troops, Especially Our Snipers) and customized to maximize the amount of fun its owner could have in it: for instance, he could press a button and, James Bond–like, coat the road behind him in giant tacks. We roared out into the Texas hill country, where, with the fortune he’d made off the subprime crisis, Kyle Bass had purchased what amounted to a fort: a forty-thousand-square-foot ranch house on thousands of acres in the middle of nowhere, with its own water supply, and an arsenal of automatic weapons and sniper rifles and small explosives to equip a battalion.”
If only the rest of us were so well prepared, eh?
So if this is the kind of thing that the “financial experts” are doing, then what is the message for us?
- A d v e r t i s e m e n t
A great storm is coming, and most Americans are going to be totally unprepared for it.
Not that things are not really, really bad already.
According to Shadow Government Statistics, the “real” rate of unemployment in the United States is creeping up toward 25 percent.
So what is going to happen if a worldwide depression hits?
Things could get very, very interesting over the next few years.
A significant percentage of Americans have already lost faith in the system. According to a new Gallup poll, 44 percent of all Americans say that our economic system is “unfair” to them on a personal level.
But sadly, most Americans don’t really understand the mechanics of our financial system.
They don’t understand what actually makes it unfair.
That is why we need to work so hard to educate the American people about theFederal Reserve. The Federal Reserve system is at the very heart of our financial system, and it was designed to get the U.S. government perpetually enslaved to debt.
At this point, the U.S. national debt is 4700 times larger than it was when the Federal Reserve was created back in 1913.
It looks like the creators of the Federal Reserve achieved their goal.
Posted below is a cartoon that was published one year before the creation of the Federal Reserve. The intent of this cartoon was to criticize the “Aldrich plan” which was a precursor to the plan to create the Federal Reserve.
As you can see below, the creator of this cartoon had a good idea of what would happen if the plan put forward by Rhode Island Senator Nelson Aldrich was adopted.
Today, the Federal Reserve totally dominates our financial system just like this cartoon once warned would happen if we allowed a central bank to control our money….
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2 Responses to “In Debt Up To Our Eyeballs”
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The plan all along was to put their central banks in every country possible and build up debt within each country to keep enslaved. They chose the US to be the focal point when they make (made) their move because the US is (was) the richest country and why the reserve currency of the world is the US dollar. They knew they could start this with removing gold and silver backing of the dollar, making it fiat (print and loan all ya want), and then create a huge bubble(s) (mortgages and other bad loans) to get (got) the ball rolling and creating a snowball effect. All the while pushing (pushed) and creating (created) as much debt as they possible could. One prime example is the “bank bailout”. Odd the same people who run the Fed oversee themselves and then give themselves money that us tax paying now owe.
Until we end the Fed and remove this global banker cartel we are all going to go down with the sinking ship.
We need to do a full audit of the Fed which will certainly lead to the Fed;s doors being closed for good and charge all of those related that criminally allowed the US to be raped. I then believe all monies owed in debt should be reassessed. We already know they secretly loaned out 16 trillion in the partial audit.. God only knows how much more.
yes the entire western world is nothing but a financial scams infected on the people who live in theses countries …..
the system is totaly to blame for the current problems …..it always been the agenda to steal and send the assets of the people where they want to…..
the western world is nothing but a financial elite group of printers of false value paper counterfrit worthless treasure ….that by law all who live in these regions of false value ….my god when you have everyone require to labor over nothing …..this gives the elite something to laugh at…..while they concintrate on things they consider of value and controling it
the reality is …man can not create valvue in something that is worthless to begin with …..and then have there puppets of MSM tell the people there living way to good and high on the hog with 1% of the false worthless money out there and somehow not as good as people of other countries where they have taken american industries ….with there lies they tell people for news
we have been in a finacial scam for yrs now and not even a come close to the problem of the federal reserve criminals and terroist that are waging finacial war with the american people….with all the bought off DCgov puppets and the MSM liars for the federal reserve…..
the reality is that the the federal reserve owns everything or controls everything with there law mandated worthless money weapon…..
truth is theres no indpendence ….free markets ….no capitalisum …..and no self determinantion ….in a strict one way only monopoly finacial terrorism period ….we are so far from the america that was founded….we as a people are a disgrace to the country that our ancestors started here and we were doing good fighting off the scum of the europe finacial scumlords till 1913 …..
now these scumlords of finace have brought america to this total dictatorship of finacial slavery in the script of the moneychanger scumfucks ,,,that are just canibles on humanity killing murdering and stealing everything they want ….no matter who dies in the proccess
the MSM pupets fix news and all the liberal MSM puppets and there continuous war between the three piece shit and tie group to deflect from the reality of the financial scam of the federal reserve scumfuck moneychangers….
but its over the lies are the only things people see now …..the NWO agenda of hell on earth has been exposed and no amount of financial terroism will stop its reality