In this report we will discuss the latest news on the economic collapse. If you haven’t purchased gold or silver this might be a good time to go out and buy some. The economy is starting to fall apart, company earnings are down and the war is brewing in the east. Bail-ins are on the horizon followed by cyber attacks which will rob the people of their money. Government is at its lowest approval rating the people do not believe the government is handling the nations money properly. Get prepared because more false flags are on the way.
4 in 5 U.S. adults face near-poverty, no work
http://bigstory.ap.org/article/exclusive-4-5-us-face-near-poverty-no-work-0
Is This The Recovery Obama Is Talking About?
http://www.zerohedge.com/news/2013-07-27/recovery-obama-talking-about
Hidden Tax: How Inflation Confiscates Wealth
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”
– John Maynard Keynes, The Economic Consequences of the Peace, 1919
http://universityofcommonsense.org/articles/how-inflation-steals-wealth/
Excessive monetary stimulus and low interest rates create financial bubbles. This is the biggest debt bubble in history. It is a potent deflationary force and central banks are forced into deploying increasingly aggressive (offsetting) inflationary forces. The avoidance of a typical deflationary resolution to this economic long (Kondratieff) wave is pushing the existing monetary system beyond the point of no return. The purchasing power of the developed world’s currencies will have to bear the brunt of the “adjustment”. Preparations for this by the BRICS nations, led by China, are advancing rapidly.
The end game is an inflationary/currency crisis, dislocation across credit and derivative markets, and the transition to a new monetary system. A new “basket” currency is likely to replace the dollar as the world’s reserve currency. The “Inflationary Deflation” paradox refers to the coming rise in the price of almost everything in conventional money and simultaneous fall in terms of gold.
http://www.zerohedge.com/news/2013-07-27/gold-and-endgame-inflationary-deflation
Share This Chart With Anyone That Believes The U.S. Economy Is Not Going To Crash
Anyone that thinks that the U.S. economy can keep going along like this is absolutely crazy. We are in the terminal phase of an unprecedented debt spiral which has allowed us to live far, far beyond our means for the last several decades. Unfortunately, all debt spirals eventually end, and they usually do so in a very disorderly manner. The chart that you are about to see is one of my favorite economic charts. It compares the growth of U.S. GDP to the growth of total debt in the United States. Yes, U.S. GDP has certainly grown at a decent pace over the years, but our total debt has absolutely exploded. 40 years ago, the total amount of debt in our system (government debt + corporate debt + consumer debt, etc.) was about 2 trillion dollars. Today it has grown to more than 56 trillion dollars. Our debt has grown at a much, much faster rate than our economy has, and there is no way in the world that we will be able to continue to do that for long.
Posted below is the chart that I was talking about. The blue line is our total debt, and the red line is our GDP. As you can see, this chart kind of speaks for itself…
So how did we get here?
Well, of course the federal government has been the biggest offender. It would be a tremendous understatement to say that the politicians in Washington D.C. have been reckless. Since the year 2000, the size of the U.S. national debt has grown by more than 11 trillion dollars.
Posted below is a chart that demonstrates the dramatic growth of the national debt as a percentage of GDP. In particular, our debt has absolutely exploded as a percentage of GDP since the financial crisis of 2008…
Does that look sustainable to you?
http://theeconomiccollapseblog.com/archives/share-this-chart-with-anyone-that-believes-the-u-s-economy-is-not-going-to-crash
Everything Is Fine, But…
Everything is fine, but continuing claims for unemployment benefits just spiked to the highest level since early 2009.
Everything is fine, but in the month of June spending at restaurants fell by the most that we have seen since February 2008.
Everything is fine, but Google’s earnings for the second quarter came in way below expectations.
Everything is fine, but Microsoft’s earnings for the second quarter came in way below expectations.
Everything is fine, but chip maker Intel has reported revenue declinesfor four quarters in a row.
Everything is fine, but the number of housing starts in June was the lowest that we have seen in almost a year.
Everything is fine, but the number of mortgage applications has dropped 45 percent since May.
Everything is fine, but the homeownership rate in America is now at its lowest level in nearly 18 years.
Everything is fine, but the United States is losing half a million jobsto China every single year.
Everything is fine, but the U.S. economy actually lost 240,000 full-time jobs last month.
Everything is fine, but the number of full-time workers in the United States is now nearly 6 million below the old record that was set back in 2007.
Everything is fine, but 40 percent of all U.S. workers make less than $20,000 a year at this point.
Everything is fine, but robots are starting to take over fast food jobs. If working class Americans someday won’t even be able to work at McDonald’s, what will they do to earn money in the years ahead as the jobs disappear?
Everything is fine, but the average price of a gallon of regular gasoline has now reached $3.66.
Everything is fine, but the number of Americans on food stamps has increased by almost 50 percent while Obama has been in the White House.
Everything is fine, but the U.S. government is going to borrow about 4 trillion dollars in fiscal 2013.
Everything is fine, but worldwide business confidence has fallen to the lowest level since the last recession.
Everything is fine, but the Chairman of the Joint Chiefs of Staff just told Congress that Obama is considering using the U.S. military to intervene in the conflict in Syria.
http://theeconomiccollapseblog.com/archives/everything-is-fine-but
In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.
Cyprus agrees to convert 47.5% of deposits to recapitalize central bank
http://ca.news.yahoo.com/cyprus-lenders-set-bank-cyprus-104408907.html
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