Great Depression II- What to expect

 

Today, you see many conspiracy theories about government making plans to clamp down in a sudden takeover of America. I don't think that's what is happening at all. I do, however, think that we have a deeply, fundamentally criminal federal government that has pillaged us for 150 years, and is now preparing to maintain social order when their fraud collapses, and we pay the price.




Our natural resource reserves: people

I don't believe in conspiracies of that magnitude, or the power of government to simply turn us into an overnight police state. No one has the ability to actually coordinate that many things -- or control that many people. Our population includes millions of very competent people with incredible skill sets. The average well-trained military veteran, cryptoanalyst, pilot, diesel mechanic, welder, construction specialist, computer hacker, farmer, marksman, radio operator, etc -- when it comes to it, they will do amazing things.

Economic collapse is a virtual certainty

A cataclysm is coming; the economic fundamentals after a century of debt pyramiding make Great Depression II a mathematical certainty. The only variable is the trip date. It would have seemed totally impossible that they could ever pyramid debt money on top of counterfeit scrip, on top of debt-based derivative instruments, on top of counterfeit scrip-backed treasury bonds for four generations! But they've done it...and we have allowed them to do it, without arresting a single, solitary member of Congress yet. That is the most amazing statistic, leading into the coming train-wreck: our gullibility and inertia.

I have a small library of books that drill down into different aspects of the coming financial collapse, concluding that this debt-pyramid is not sustainable for more than a few more years at most.

How FDR helped the FED cartel go global

I'm always tickled when I hear someone incredulous that the FED lends its fake money to foreign borrowers (including sovereign funds). Why not? The FED crime cartel is a group of families that own private banking firms involved in international fraud on a staggering scale. There's no reason they should limit their predation to the U.S. Congress! In fact, the FED captured the 44 allied countries in its extortion in June 1944 at the Bretton Woods conference. This allowed Americans to live like there was no tomorrow; all of that fake money the FED prints up is shipped offshore to purchase trinkets, junk, and valuable goods from other countries.

All major central banks are now caught in the FED scam. It prints worthless "U.S. Dollars" (actually Federal Reserve paper notes, NOT dollars) to service existing debt that was itself based on worthless paper. Many theorists believe that the reason for FDR allowing the Japanese fleet to bomb Pearl Harbor, was to get America into Europe's war, have us win it for them, and then have "our central bank" (acutally a private cartel) hold all the allied countries hostage as payback. As a result, most of the world is inextricably tied to the FED paper. When it fails, the world's economies fail.

A different kind of bankruptcy

In a normal bankruptcy, the bankruptcy judge assesses the creditors' claims against the debtor's assets and revenue stream, designing a workout within realistic parameters -- which of course the debtor never likes. In this case, things are far worse; not only is the debtor (Congress) upside down to the tune of 30 times annual income (total unfunded liabilities of Congress are $122 trillion at present). Congress' annual income is about $3.9 trillion in tax revenues -- which are, ironically, denominated in the same fake stuff that Congress used to build its debt-pyramid that led to the bankruptcy!

Do you see the problem? The U.S. Congress has been a counterfeiting operation since 1862 (not 1913, as I explain in this past blog monograph). When it comes time for a busted counterfeiter to actually pay bills, he can't use the fake stuff anymore.

Problem is, the fake stuff is all Congress has on hand (at least until AmericaAgain! pushes through our Lawful U.S. Money and Banking Act), so the only way out is…down. And hard.

And probably sooner than later.Maybe this year; markets are all goosing one another to the exits now; increasingly by the week. When it breaks, it will break faster and more decisively -- and of course with 25 times the volume of the first Great Depression.

Barbarians at the gates

Then there are the two really bad aspects. First, Americans are much more spoiled today; the 'poor' expect luxuries today that most of the upper middle class didn't expect in the 1930s.They will try to demand -- or steal -- what they are used to. Expect looting on a mass scale in urban zones.

Secondly, there is a huge barbarian class today, compared to 70 years ago.This is the eerie part of the huge firearms sales explosion of the past decade or so. Many of those arms have gone to young people -- and I don't just mean Blacks, Latinos, Italians, and other gang-bangers. I mean white 20-somethings and 30-somethings with rings and studs in their eyelids and noses.There are several million of these people, and they will own the malls and strip centers within weeks in urban and suburban zones.

Country mouse and city mouse

Rural life will have greater value than ever, during the coming depression. If you can grow a patch of vegetables and keep chickens, you'll do much better than the hundred million Americans who live in packed suburbs; glorified apartment houses with strips of grass between units. Here in rural Texas, we’ve complained for years about being overrun with deer in our yards.All over America, forget hunting seasons; the huge proliferations of deer and wild geese that have plagued homeowners and farmers, will be year-round food, when hard times come.

The other side of a coming ‘police state’

The flip-side of tyranny is anarchy: lawless hordes running rampant, taking what they want.The end of private property, and the beginning of the Law of the Jungle.Who is supposed to handle such conditions, under our system of government?

The civil magistrate, and according to Article I, Section 8, Clause 15 of the U.S. Constitution, the citizen militia.There is no ‘federal army’ authorized in the Constitution at all; but a federal army exists anyway, thanks to Lincoln.Still, the Posse Comitatus Act stipulates that no U.S. troops can operate on American soil; that law was passed after Lincoln’s war, to assure that no federal army ever does to us again, what it did in 1861-65.But still, that presents a problem if there is widespread armed anarchy and looting.

It’s the citizen militia’s job, but since the state legislatures have violated the Constitution (Art. I, Sec. 8, Cl. 16) for so long now, there is insufficient trained militia today.If local police forces are massively outgunned by thugs when the upheaval breaks out, who else can respond?I am not on the side of tyranny, but in the situation I’ve described above, the U.S. Army on our own soil will be a welcome sight to property owners.

Don’t mistake my meaning.The citizen militia needs to be built up, armed, trained, and ready to muster.But that is not going to happen in time, so it’s reasonable to have a backup plan for urban and suburban people who fear firearms or don’t know how to use them.We rural folks will do just fine, thanks.

What to invest in now

This isn't like the Y2K scare or the Mayan calendar scam.I am not a big proponent of all the dehydrated food and stored water, because I live in a rural area where things are different.Suburban and urban dwellers may need such supplies.

Own silver coins and bullion, as much as you can buy.Silver is still a great bargain; astoundingly so, in light of world economic trends.The gold-silver ratio is at an historic high; gold is about three times higher than its normal range in relation to silver.An ounce of silver may be worth $150 a few years from now if the GSR settles back to its historic range.

I’m biased of course, but the other great investment when society breaks down and Americans are demanding justice, will be membership in AmericaAgain! – the first citizen enforcement mechanism for the U.S. Constitution. Watch the video, and consider it as you plan for the storm ahead.


 




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