Ontoplist

Online Marketing Toplist
Search Engine Optimization by OnTop SEO Company
Add blog to our blog directory.

Thursday, March 14, 2013

The US economic collapse has entered stage 2

We are now heading into stage 2 of the financial collapse that is beginning to overlap stage 1. This stage has already occurred in several countries such as Greece, Italy, Spain, Etc:

STAGE1: Financial collapse
People/sheeple begin to realize he future will no longer resemble the past in any way that allows real risk to be assessed and financial assets are no longer guaranteed. Financial markets become insolvent, banks fail (over 2000 since 2009) and are merged together into zombie banks in a desperate bid by the central bank (FED) to keep people believing paper or digits in a computer are real money. Savings are now all but wiped out. Access to capital is all but lost for any small commercial operation. This is where we find our economy right now.

STAGE 2: Commercial collapse
A lot of the general population is forced to move, no longer able to afford the house they bought based on inflated assessments, forged income numbers, and foolish expectations of endless asset inflation.

This has happened and is happening now while banks are still making the same kind of loans. The FED's response has been to extend further credit to those banks in trouble, set interest rates far below inflation, accept worthless bits of paper as collateral (derivatives) and pump money into insolvent financial institutions just as the 'Central Banks' did in the above mention countries.

There will be a continuing diluting the dollar, further undermining its value on the world market (we see this in gas prices now) and will soon lead to hyperinflation. This is VERY serious for a country dependent on imports as the US is (due to NAFTA and GATT). When imports start drying up and the associated parts of the economy shut down, businesses shut down at an accelerated rate, storefronts are boarded up and the population is left largely penniless and dependent on FEMA and charity for survival.

The government (FED) response will most likely mirror what has happened in other countries (as dictated by the IMF and World Bank).  The United States is deeply in debt to foreign countries and will be forced to accede to the wishes of those foreign creditors (China, Japan, Saudis, etc) because they own a lot of national assets (land, buildings, and businesses) and they want to see a dependent American population slaving away working off their debt conveniently forgetting that they have mortgaged their children’s futures to pay for military fiascoes, big houses, big cars, flat-screen television sets and $600 I phones.

Stage 3: Political collapse
Stage 3 has started in all the above mentioned countries and will progress until faith in a bank/corporate run “government that will take care of you” is completely lost. "Government officials" will attempt to mitigate widespread loss of access to commercial sources and survival necessities will fail (this is WHY they are buying a billion rounds of ammunition 10,000 tanks 30,000 drones/with missiles) right now because they KNOW what is coming and will make a desperate bid to hold power .... in the end the corrupt political establishment always loses legitimacy, all relevance and will loose all control of the populace and resources. This has happened many, MANY times before in economic history. The most famous being Rome which is ironic because they are falling the same way once again.

At this point the power vacuum left by the now defunct federal, state and local government is filled by remnants of former law enforcement and military, urban gangs, mafias, religious cults and wealthy property owners who all attempt to build their little empires on the ruins of the big one, fighting each other over territory and access to resources.

Prepare NOW or cry/die when it comes...We are circling the drain NOW!





No comments:

Post a Comment