from The Economic Collapse Blog:
Do
you want to know what the future of America is going to look like?
Just check out what is happening to Detroit. The city of Detroit was
once one of the greatest industrial cities in the history of the world,
but today it is a rotting, decaying, post-apocalyptic hellhole. Nearly
half the men are unemployed, nearly half the population is functionally
illiterate, more than half of the children are living in poverty and the
city government is drowning in debt. As economic conditions have
gotten worse, crime has absolutely exploded. Every single night in
Detroit there are frightening confrontations between desperate criminals
and exasperated homeowners. Unfortunately, the police force in Detroit
has been dramatically reduced in size. When the police in Detroit are
called, they often show up very late if they even show up at all.
Detroit has become a lawless hellhole where violence is the currency of
the streets. If you want to survive in Detroit, you better be ready to
fight because there are hordes of desperate criminals that are quite
eager to take literally everything that you have got. But don’t look
down on Detroit too much, because what is happening in Detroit will soon
be happening all over America.
The following are 20 things we can learn about the future of America from the death of Detroit….
Read More @ TheEconomicCollapseBlog.com
Do
you want to know what the future of America is going to look like?
Just check out what is happening to Detroit. The city of Detroit was
once one of the greatest industrial cities in the history of the world,
but today it is a rotting, decaying, post-apocalyptic hellhole. Nearly
half the men are unemployed, nearly half the population is functionally
illiterate, more than half of the children are living in poverty and the
city government is drowning in debt. As economic conditions have
gotten worse, crime has absolutely exploded. Every single night in
Detroit there are frightening confrontations between desperate criminals
and exasperated homeowners. Unfortunately, the police force in Detroit
has been dramatically reduced in size. When the police in Detroit are
called, they often show up very late if they even show up at all.
Detroit has become a lawless hellhole where violence is the currency of
the streets. If you want to survive in Detroit, you better be ready to
fight because there are hordes of desperate criminals that are quite
eager to take literally everything that you have got. But don’t look
down on Detroit too much, because what is happening in Detroit will soon
be happening all over America.The following are 20 things we can learn about the future of America from the death of Detroit….
Read More @ TheEconomicCollapseBlog.com
G. Edward Griffin, “The Federal Reserve is a Private Banking Cartel”
Biderman’s Daily Edge 2/13/2012: Public Buybacks Down, Insider Selling Up
by Andrew Hoffman, MilesFranklin.com:
Today’s
RANT is inspired by an article about the Mongol Empire of the 13th
Century, demonstrating how civilians openly revolted against the
imposition of an unwanted, unjust fiat currency system, upon penalty of death –
and succeeded! I’m sure this is not the only such instance throughout
history, and probably quite common in societies utilizing specie as
MONEY when their overseers commandeered it in favor of paper chits.
Withholding Consent from the Khan
Even in the 13th century, evidence of failed fiat experience was plentiful, starting with China, which experienced the world’s first fiat-driven hyperinflation more than 1,000 years ago. Not once but twice China watched entire kingdoms jeopardized by paper currency, and the same issues that destroyed them then are the same ones doing so today.
Read More @ MilesFranklin.com
Today’s
RANT is inspired by an article about the Mongol Empire of the 13th
Century, demonstrating how civilians openly revolted against the
imposition of an unwanted, unjust fiat currency system, upon penalty of death –
and succeeded! I’m sure this is not the only such instance throughout
history, and probably quite common in societies utilizing specie as
MONEY when their overseers commandeered it in favor of paper chits.Withholding Consent from the Khan
Even in the 13th century, evidence of failed fiat experience was plentiful, starting with China, which experienced the world’s first fiat-driven hyperinflation more than 1,000 years ago. Not once but twice China watched entire kingdoms jeopardized by paper currency, and the same issues that destroyed them then are the same ones doing so today.
Read More @ MilesFranklin.com
from Global Economic Analysis:
President
Obama made a pledge to cut the deficit in half by the end of his first
term. Instead it exceeded a trillion dollars for four straight years.
Indeed, the president could not even make a pledge made in September to reduce the deficit to $956 billion. Finally, just to keep the deficit at $1.33 Trillion, look at the tax hikes Obama proposes.
Details below summarized from the Bloomberg article Obama Sends $3.8T Budget to Congress
Obama Proposed Tax Hikes:
Read More @ GlobalEconomicAnalysis.Blogspot.com
President
Obama made a pledge to cut the deficit in half by the end of his first
term. Instead it exceeded a trillion dollars for four straight years.Indeed, the president could not even make a pledge made in September to reduce the deficit to $956 billion. Finally, just to keep the deficit at $1.33 Trillion, look at the tax hikes Obama proposes.
Details below summarized from the Bloomberg article Obama Sends $3.8T Budget to Congress
Obama Proposed Tax Hikes:
Read More @ GlobalEconomicAnalysis.Blogspot.com
Fortune Magazine And Warren Buffett Mislead Investors And Skew The Facts
by Michael Pento, 24hGold.com:
They
always tell you no one rings a bell when a market top or bottom is
reached. But a bell is now ringing for the end of the thirty-year bull
market in U.S. debt. And ironically, the bell ringer is our very own
U.S. Treasury!
The U.S. Treasury Borrowing Advisory Committee, which brings together dealers and Treasury officials, met last week in a closed meeting at the Hays Adams Hotel. The committee members unanimously agreed that the Treasury should start permitting negative interest rate bids for T-bills. In other words, newly issued T-bills from the Treasury would offer investors a guaranteed negative return if held to maturity. The mania behind the U.S. debt market has reached such incredible proportions that investors are now willing to lend money to the government at a loss; right from the start of their investment. This is a clear signal that the bond market can’t get any more overcrowded and can’t get any more overpriced.
Read More @ 24hGold.com
Fukushima Reactor Temperature Surpasses 752 Degrees … More Than 4 Times Maximum for “Cold Shutdown”
They
always tell you no one rings a bell when a market top or bottom is
reached. But a bell is now ringing for the end of the thirty-year bull
market in U.S. debt. And ironically, the bell ringer is our very own
U.S. Treasury!The U.S. Treasury Borrowing Advisory Committee, which brings together dealers and Treasury officials, met last week in a closed meeting at the Hays Adams Hotel. The committee members unanimously agreed that the Treasury should start permitting negative interest rate bids for T-bills. In other words, newly issued T-bills from the Treasury would offer investors a guaranteed negative return if held to maturity. The mania behind the U.S. debt market has reached such incredible proportions that investors are now willing to lend money to the government at a loss; right from the start of their investment. This is a clear signal that the bond market can’t get any more overcrowded and can’t get any more overpriced.
Read More @ 24hGold.com
by Mac Slavo, SHTFPlan.com:
Over the last couple years we have been corresponding with our friend and fellow SHTFplan contributor in Greece.
Unlike those of us who have yet to experience the collapse of the world as we know it, Manos sees the consequences every day – right outside his front door. We’ve tried to keep our readers abreast of the economic crisis as it plays out, and if there’s anywhere on the planet where we can can get a glimpse of what’s to come in the United States and greater Europe, it’s Greece.
In September of last year Manos warned Americans of the coming calamity when he wrote Be Safe and Stay Alert. It’s Coming. Today, we received another update from Manos following the widespread riots, violence, mass arrests and looting that we all watched on television or via live internet streams.
For Manos and his countrymen, however, it wasn’t just a reality show – it was reality.
Read More @ SHTFPlan.com
Over the last couple years we have been corresponding with our friend and fellow SHTFplan contributor in Greece.
Unlike those of us who have yet to experience the collapse of the world as we know it, Manos sees the consequences every day – right outside his front door. We’ve tried to keep our readers abreast of the economic crisis as it plays out, and if there’s anywhere on the planet where we can can get a glimpse of what’s to come in the United States and greater Europe, it’s Greece.
In September of last year Manos warned Americans of the coming calamity when he wrote Be Safe and Stay Alert. It’s Coming. Today, we received another update from Manos following the widespread riots, violence, mass arrests and looting that we all watched on television or via live internet streams.
For Manos and his countrymen, however, it wasn’t just a reality show – it was reality.
Read More @ SHTFPlan.com
Two weeks ago when discussing the latest lunacy surrounding America’s exponential curve #1 also known as its debt balance, we suggested what the GOP election strategy should be:
“[if] the debt ceiling becomes a sticking point at the election,
Obama’s chances of reelection plunge. Which makes us wonder – will
Republicans grasp that the paradox of defeating Obama is precisely in
giving him a carte blanche on all the stimulus programs he wants? Because
if Congress approves another $200, 300 or even $400 billion in stimulus
pork (the only thing better than one Solyndra? One thousand Solyndras!)
the Treasury will drown in the need to raise hundreds of billions more,
and will in fact hit the ceiling well in advance of the elections. As
for the stimulus projects themselves, they will crash and burn just
like all centrally planned endeavors, and actually result in a far worse
outcome than if they had never been attempted. [Because] the best way
to finally get back to a fiscally prudent regime? Why go to town, of course.” We were delighted to discover that our policy anti-recommendation has finally been adopted. Because as the WSJ reports when
it comes to the latest payroll tax extension we find something quite
stunning: “House Republican leaders said Monday they would introduce a
bill extending the payroll-tax break for the rest of the year without finding spending cuts to offset the program’s cost. The
proposal marks a major shift for Republicans, who previously had
insisted that the costs of extending a trio of provisions expiring at
the end of the month be offset with spending cuts.” That’s right – no offsetting spending cuts. Which means one thing – much more debt.
How much more? At least $160 billion much. Which means that the debt
ceiling discussion will hit not in November as we speculated previously,
but potentially as soon as September.
Read More @ ZeroHedge.com
from The Financial Survival Network:
The
FBI, our federal police, have just released a report claiming that
sovereign individuals, who oppose environmental regulations and believe
that the United State’s departure from the Gold Standard caused it to go
bankrupt present a threat to law enforcement. Never mind that rampant
criminality taking place on Wall Street, people who believe in limited
government are now the threat.
So next time you get stopped by a cop, let him now that you support ever expanding government, that he is entitled to life time free medical coverage and that his pension is way too small. And that you believe the Bill of Rights should be repealed and that the government should be able to do whatever it damn well pleases. That should help put you in his good graces and save you a major tasing and pepper spraying.
Click Here to Listen to the Podcast
Read More @ ZeroHedge.com
from The Financial Survival Network:
The
FBI, our federal police, have just released a report claiming that
sovereign individuals, who oppose environmental regulations and believe
that the United State’s departure from the Gold Standard caused it to go
bankrupt present a threat to law enforcement. Never mind that rampant
criminality taking place on Wall Street, people who believe in limited
government are now the threat.So next time you get stopped by a cop, let him now that you support ever expanding government, that he is entitled to life time free medical coverage and that his pension is way too small. And that you believe the Bill of Rights should be repealed and that the government should be able to do whatever it damn well pleases. That should help put you in his good graces and save you a major tasing and pepper spraying.
Click Here to Listen to the PodcastAre You a Doomsday Prepper?
Fukushima Reactor Temperature Surpasses 752 Degrees … More Than 4 Times Maximum for “Cold Shutdown”
02/13/2012 - 18:07
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