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Page added on March 8, 2014

Economist Warns of Collapse Risk: “Will Not Allow Life to Continue As We Know It”

Earlier this week we noted that an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets. It’s not so much the invasion force itself, but rather, the economic maneuvers that would come with it should Russia take this course of action.

Well known economist and founder of the Shadow Stats web site John Williams seems to agree. If Russia were to begin unloading US Dollars it would almost instantly lead to a collapse of not only our financial markets, but our entire way of life. And while Russia alone may not have the economic power to single-handedly crush the U.S. economy, if their trading partners and allies like China got into the mix, coupled with front-running investors who may suspect the move is about to happen, it could well be a blood bath on a global scale.

This wouldn’t even be an issue if the U.S. economy were operating at healthy levels, but as Williams notes in the following interview with Greg Hunter’s USA Watchdog, it’s anything but:

What you have to keep in mind is that back in 2008 we had one of the greatest financial crises the United States ever faced. The system was on the brink of collapse at that point in time.

What the Fed and the federal government did was spend every penny they could, anything they could create or anything they could guarantee. They did everything they could possibly do to keep the system from crashing. They guaranteed all bank accounts. So, they saved the system, but now what they did has not borne fruit. We have not seen an economic recovery. We have not seen a return of health to the banking system.

So, the system is very vulnerable; and if the Russians carry through with their threat, you have, indeed, the risk of it collapsing the system.

It does have the effect of creating a hyperinflation, which I think it would. It’s the type of circumstance that will not allow life to continue as we know it because the U.S. is not able to handle hyperinflation.

We’re not structured for it. Zimbabwe had one of the worst hyperinflations that anyone has ever seen. They were still able to function for a while because they get paid in a rapidly depreciating currency.

It was so rapid it became like toilet paper overnight… they would go to a black market and exchange it for dollars. We (the U.S.) don’t have a black market to escape from our dollars. Gold is probably the closest thing to that. Gold will tend to rally here as the dollar sells off, barring very heavy intervention by the central banks which you may see.

The fundamentals will eventually dominate, and you will see a very weak dollar and very strong gold coming out of this.

As it stands now, even without Russia and China, our economic system is, once again, on the cusp of a serious deleveraging. John Williams highlights that January retail sales, a leading indicator of economic health, gave the strongest signal since September 2007 that a recession is looming, if not already here.

One huge indicator of this is that Staples, a leading supplier of office supplies nationwide, is shutting the doors on 225 stores. And, they aren’t the only ones getting hammered by a pullback in consumer spending. The world’s largest retailer, Walmart, saw sales drop over 20% year-over-year in the fourth quarter of 2013.

And as trend forecaster Gerald Celente once noted, “as goes Walmart, so goes America.”

So, in reality, Russia can probably sit back and watch the U.S. economy slip into a coma over the next couple of years. Of course, if their intention is to return their nation to super power status, an attack on the US economy by dumping the dollar would speed up the process and amplify the fall-out, causing a multi-generational depression.

Last year Barack Obama faced off with Russia over Syria, a situation that could easily have led to a much wider conflict.

Now, the same players have taken the game to Ukraine.

In both instances we’ve heard warnings of a potential collapse of our economic system in the event of an escalation.

The point is that it really doesn’t matter if it’s Syria, Ukraine, Iran or some other periphery conflict.

It should be clear that eventually this is exactly how it’s going to play out with respect to the US dollar.

China and Russia will make their move when they are good and ready.

When that day comes the implosion will be so fast that most Americans won’t even realize what has happened or know how to cope.

SHTF Plan

50 Comments on "Economist Warns of Collapse Risk: “Will Not Allow Life to Continue As We Know It”"

Davey on Sat, 8th Mar 2014 10:39 pm

This discussion is flawed. You can’t decouple the global economies because they are far too interconnected. Russia is already suffering economically for there adventure in the Ukraine. China has its own issue with dangerous defaults in its banking sector. I am not saying a Russian action could not break the American financial system what I am saying is it is global financial suicide. At this point the global financial system is extremely fragile. Any loss of confidence will cause a stampede. The extremes we are seeing with bullishness can swing completely the other way in a heartbeat. Confidence is liquidity and waiting for the other to blink in a high stakes Ukrainian poker game is truely a fools game considering the global consequences.

shortonoil on Sat, 8th Mar 2014 11:05 pm

John Williams is a man of ability, and integrity in a world of economic incompetents and charlatans. In spite of this, on his subject I think he has ignored one very critical element. China is now sitting on a $24 trillion credit bomb that if, and when triggered will reduce its entire banking and financial system into puddle of mayhem. Servicing its debt burden is now greater than its entire GDP. Russia is dependent on it oil and gas exports to survive; China is one of its biggest customers.

The present situation is like two men standing on a rickety old bridge over a deep chasm, each holding a very powerful bomb. If either one of them hits the switch the bridge will collapse, and they will both go into the abyss. Economic warfare against the US will bring on the Chinese collapse. Many things can be said about Putin, but it can’t be said that he is either stupid, or insane.

shortonoil on Sat, 8th Mar 2014 11:21 pm

@Davey
It has been said, “that great minds think alike” lol

If one dug deep enough it would be found this whole issue is about the last remaining 25% of the world’s high quality petroleum; the Middle East!

Davey on Sat, 8th Mar 2014 11:34 pm

Yea Shortonoil, at least at smelling out stupidity!

GregT on Sat, 8th Mar 2014 11:51 pm

“The present situation is like two men standing on a rickety old bridge over a deep chasm, each holding a very powerful bomb.”

Bombs or no bombs, the “rickety old bridge’ is almost at the end of it’s useful life. A gust of wind at this point would be enough to take it out.

It is time to get off of the bridge, and build a new one, before the old one collapses. Or at the very least, get off of the bridge. Much better than falling to the bottom of the chasm.

Avoid the rush, buy physical assets now.

Northwest Resident on Sun, 9th Mar 2014 12:20 am

The audience over at SHTF dot com seem to need a constant diet of B.S., and that’s what SHTF delivers.

“…if their intention is to return their nation to super power status, an attack on the US economy by dumping the dollar would speed up the process and amplify the fall-out…”

That is an absurd statement, really. How in the world would dumping their dollars help Russia return to “super power status”? Like Davy and shortonoil point out, the global economy is tightly intertwined. We are all in this boat together, like it or not.

Really, there are so many false premises and “what ifs” in the article — starting with the premise that “an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets.” Well, Russia “invaded”, and I think what we saw was a jump in the stock markets due to relief by investors worldwide that Russia had clamped down on the Ukraine “revolt” and restored order — the exact opposite of what this article proposes.

And we wonder where some of our loony conspiracy theorists who post on this site get their “facts” from.

Davey on Sun, 9th Mar 2014 1:00 am

NR I expected better out of Williams. His shadow stats does a good job of debunking the official US statistical data distortions. The problem is economist are lost with any ideas that do not fit into their models. They have a narrow understanding of the world. This is part of the reason we are where we are at because they are treated like gods and followed like saviors.

Yeti on Sun, 9th Mar 2014 1:58 am

NR, actually the first trading day after Russian, ahem..I mean native defense forces “secured” Crimea, the Russian (not U.S.) stock market tanked over 12%, the ruble fell dramatically enough that their central bank had to jack rates 1 1/2% to protect it.
The markets rallied the next day on word from Putin that he was ending the “exercise” involving 150,000 Russian troops on Ukraine’s Eastern border.
I agree completely that this article is gavno.

Makati1 on Sun, 9th Mar 2014 3:54 am

Many on here who seem to believe that the world’s largest beggar nation is still number one in any other area. With Russia, and maybe China,still holding enough nukes to take out every one of the 50 US states and many of their world bases, they don’t have to fear the US. The US is living off of past wealth and from paycheck to paycheck just like most of it’s citizens. Russia and China are out to take the dollar down and that is the best and, in the end, cheapest way to win this war that the US started.

When someone you supposedly support starts pointing out the truth, you bale on them and start claiming that they are wrong. Interesting. What does that say about you? What do you personally know about what is happening in China? I would bet it is zero personal observation. You ALL rely on financial pushers to get your stock market casino fix. Who says Russia is in trouble? Fox News? Who says that China is in trouble? CNN? Who twists and distorts their financial numbers to suit the daily need? The US of A.

Problem is, the reality is on US streets and the world sees it. When a government is feeding 15-20% of it’s citizens and supporting 50% of them directly or indirectly, that is a nation in deep trouble.

What happened in the Ukraine was caused by the US meddling as usual. See Syria, Libya, etc. for reference. Russia is going to keep control of the Eastern Ukraine and especially the Crimea, at all costs, if I see the situation correctly. And that includes the possibility of starting WW3. Losing the base at Sevastopol would be like the US losing all of the East and West coasts and Hawaii and having to have all their navy bases in Alaska.

I would do the same in Putin’s shoes. And, he has the Russian citizens behind him. Give the Western Ukraine to the EU. It will be the final straw that takes down the EU, as Germany cannot/will not keep supporting everyone. Interesting summer ahead.

noobtube on Sun, 9th Mar 2014 3:23 am

@Makati1

One of the few who post as if the United States isn’t the center of the universe.

The way some comment, you would think the rest of the world would forget how to chew or walk if the United States didn’t exist.

clueless on Sun, 9th Mar 2014 3:24 am

@Davey AGAIN…..tic toc tic toc tic toc lol

Danny on Sun, 9th Mar 2014 4:42 am

wait a minute everyone here seems to think China is a credit nation….that could not be further from the truth…look at how much debt they have accumulated in just 5 years…The U.S is the best horse in the glue factory….I don’t care how much you hate the U.S the truth is there..

Makati1 on Sun, 9th Mar 2014 5:30 am

Hahahaha…Where do you get your information?

I do NOT hate the US, but if you consider my pushing the curtain back to expose it for what it is as hate, then you are using the wrong dictionary. I have not seen ANY MSN ‘news’ for at least 8 years. The BS was getting too much to handle without laughing or being sorry for the sheeple who do watch that BS. It really ended when I watched two towers do a controlled collapse and was told by the MSN that it was caused by planes flown by terrorists BS!

And, any country running a surplus in the hundreds of billions every year (China) is way ahead of the US. All the US has is past glory and a crumbling infrastructure that they cannot even afford to maintain. Employment, as a percentage of working age, has not moved up for decades, while their incomes have been shrinking like the glaciers around the world.

The Chinese can write off their debt anytime by just declaring it is so. So can the US, but they really have no choice, if they default, the dollar is trashed and if they continue with BAU, it is also going to be trashed. The US is locked into a lose-lose situation, only relieved by a really big war.

I really wonder if there is any gold in Fort Knox? Maybe it is all in China? You think gold is worthless? Ask anyone around the world whether they would like to be paid in fiat dollars or gold coin and you will see where the US is in reality. Anyone in the 3rd world that has extra money, has it in gold coins or bullion. It has been ‘money’ for 5,000+ years and always will be. Especially after the crash when paper money will be worthless. I don’t personally own any, but I am putting my money into a farm and hand tools, replacements for pumps, commodes, spigots, etc.

Sorry I got off topic a bit. ^_^

GregT on Sun, 9th Mar 2014 5:46 am

Meanwhile…..

While all of the minions argue over who’s nation will be the first to collapse, TPTB are all laughing all the way to the banks. Their banks.

Wake up people.

rollin on Sun, 9th Mar 2014 6:24 am

I wonder if this sort of EWOAWKI type BS went on during the great depression.

GregT on Sun, 9th Mar 2014 6:51 am

The bankers’ involvement during the ‘great depression’ was not well understood at the time, and there were still plenty of resources left to plunder after the collapse.

This time will be much different.

Pops on Sun, 9th Mar 2014 12:17 pm

Ah, Overnight Armageddon never grows tired.

If one were going to “unload” US$, presumably they would “load up” on something else, right?

US$ are 60+% of all international reserves
60% of all bank deposits
50% of all bank loans are in US$

It used to be more but it won’t be less overnight.

Arthur on Sun, 9th Mar 2014 12:30 pm

John Williams in my view is entirely realistic or does anyone seriously want to accuse Williams of being ‘anti-American’? The only open question is about the timing of the coming events and it could very well be that the developing situation in the Ukraine is going to be the trigger. As Bill suggests, the only way out for a regime in trouble is war. But I highly doubt that Europe is going to follow the US in this. The European population can’t be motivated to start actions against Russia over the Crimea. They did not even do anything about Yugoslavia in the nineties. And they didn’t follow the US in the case of Iraq either. Before the end of this month, the Crimea will be Russian again (referendum next week, outcome is certain). The Crimea is very easy to defend by the, ahem, Crimeans. What’s going to happen with the rest of the Ukraine is an open and very big question. The area between and including Lvov and Kiev is now firmly nationalist and supported by the West, so that’s a done deal. But it is an open question what’s going to happen with Kharkov, Dnepropetrovsk, Odessa, Donetsk and Lugansk. Hopefully the Ukraine will agree to form a loose confederation with strong consideration of minority rights and become bilingual, like Belgium. But once the Crimean example has been set, as it will be, than other parts of the country could aspire to follow that example, a perfect shtf scenario and a new Yugoslavia could be born in a blink of an eye, prompting the Russians to intervene. The US will react strongly, as usual, and call for sanctions, if not a new cold war. Let’s see if the Western alliance will survive that coming ordeal, once Putin will use his oil & gas weapon and starts dumping the dollar, in concert with China, which could trigger a Yugoslavia situation on US soil.

http://peakoil.com/consumption/the-coming-food-stamp-riots

2014 could be it, the Ukrainian spring.

Talking about Spring… yesterday was the warmest March 8 ever in recorded meteorological Dutch history. And today it is going to be warmer. It’s 13:30 and 20 degrees Celcius already:

knmi . nl/actueel/

Davy, Hermann, MO on Sun, 9th Mar 2014 1:07 pm

Arthur – The European population can’t be motivated to start actions against Russia over the Crimea. They did not even do anything about Yugoslavia in the nineties. And they didn’t follow the US in the case of Iraq either
Davy – BS, Arthur. I guess all the troops, planes, and advisors in the above mention countries did not happen like your claim the Holocaust didn’t happen. The Europeans were all over these conflicts. I might add Yugoslavia is another example of European crimes against humanity!

Arthur – Putin will use his oil & gas weapon and starts dumping the dollar, in concert with China, which could trigger a Yugoslavia situation on US soil.
Davy – Arthur I agree Russia will end up with Crimea most likely. I think it never should have left Russia. In the end because of the tremendous risks at stake this Ukraine situation will calm down. The people of the Ukraine are broke and cannot afford a battle let alone there freedom to do as the chose. The US powers to be cannot afford anything to upset their fake recovery. Well the Europeans are flat broke with their unfortunate Union and currency and want to stay warm.
Your idea of Putin and China taking action against the US following the articles tone shows your very lack of knowledge on economic systematic risks. China and Russia are basket cases at the moment. Russia has never stopped being a basket case. China is showing itself to be what it is and that is a country that has grown like a house of cards on huge debt and mal investment. It is ready to have the hard landing that has been mentioned for years. China’s problems from food, pollution, and wealth inequality will destroy it from within. The problem is not only China’s it is the worlds because of the systematic risks that will fly through the system.

shortonoil on Sun, 9th Mar 2014 1:49 pm

“And, any country running a surplus in the hundreds of billions every year (China) is way ahead of the US.”

And where do you get your information? Last month China had its second largest trade deficit in its history. Guess this must be a new definition of “ahead”. World economic growth has been driven by petroleum for the last century (see graph# 25 of our report) and the quality of petroleum is falling to a level that will soon reduce it to little more than black goo in a barrel. Without high quality petroleum all of modern civilization goes into that abyss, and we have consumed 75% of the world’s high quality oil. There is no “ahead” in this game of rapidly advancing petroleum depletion!

http://www.thehillsgroup.org/

PrestonSturges on Sun, 9th Mar 2014 3:05 pm

Ukraine is a vast country with an intact military.

Northwest Resident on Sun, 9th Mar 2014 4:43 pm

Arthur — “But I highly doubt that Europe is going to follow the US in this.”

So, Arthur, it appears that you have totally bought into the B.S. right-wing lunatic assertion that America is going to “start actions against Russia over the Crimea”. How sad, for you.

What actions? Since you know so much, tell us what the American “actions” are going to be, so we know what to expect.

Northwest Resident on Sun, 9th Mar 2014 4:57 pm

Arthur, Makati, DC (wherever you are) — I know you guys want to believe that America is a sitting duck, a paper tiger with a target on its ass just waiting for all-powerful China and/or Russia to “dump their dollars” and reduce America to a pile of smoking ash.

This fantastically stupid article tries to make the point that Russia will be the one to pull the trigger and start the collapse of America by weakening their economy.

Hey guys — time to wake up. Let’s face reality for a change, instead of living in the sludge and muck of all those right-wing loony “end of days” B.S. sites:

Russia is already paying a heavy price for intervening in Ukraine, Western officials said Thursday.

So far we’ve seen a major impact on the Russian economy and the Ukrainian economy, and some financial impact on countries that border that area,” said European Central Bank President Mario Draghi. “The impact on the Russian economy is severe.”

Russia’s central bank was forced to jack up interest rates to 7% from 5.5% on Monday in a bid to stabilize markets and counter the impact of a near 10% decline in the value of the ruble this year.

http://money.cnn.com/2014/03/06/investing/russian-economy-damage/

Stilgar Wilcox on Sun, 9th Mar 2014 8:32 pm

Wow, what a spirited thread! The only thing I’ll add is Russia other than Gorbachev seems to consistently generate hard ass leaders, and Putin in my opinion has a tough streak a mile wide. Meaning, he’s going to insist on keeping the Ukraine under Russian satellite rule, and if the US gets too pushy about it I can see Putin making good on his promise to dump US bonds. Whether that action spreads or causes a huge knock on effect on the dollar I have no idea. I’m just saying butting heads with Putin is asking for trouble.

MKohnen on Sun, 9th Mar 2014 8:53 pm

I really don’t get the “it isn’t in their economic interest to go to war” argument. The argument isn’t any more cogent when applied to economic warfare. What country ever initiated a war thinking that they would be not be economically impacted? This is to say that no one sues another person because the cost of lawyers is too great. I may be wrong, but it seems that the most important factor in the cost/benefit analysis of any war, be it physical, economic or legal, is the perceived eventual gain. Right now, the US is slowly creating a military noose around Russia and China (and any other “enemy.”) Everyone can see that, at some near point in time, the competition for resources is going to heat up greatly. The competition is going to decide what nations survive and which ones don’t. This may also be true of mass amounts of population. Does anyone really expect that Russia or China won’t do something because it may cause them economic pain when they can clearly see that inaction will mean losing the competition? Really?? The recent two wars have cost the US trillions, but that didn’t stop them. In fact, in some ways it can be said to encourage them. A purely short-term focus on Russia’s economic loss from economic warfare is completely fool-hardy. I guess the US doesn’t think someone would bring suffering on their own people, since they seem to want to fight wars in which none of their soldiers die. But, as America should have already learned, there are many others out there quite willing to die for their belief!

Davy, Hermann, MO on Sun, 9th Mar 2014 9:15 pm

Stilgar Wilcox throughout history leaders that choose to cause economic harm to other countries more often than not cause as much or more harm to themselves. Russia is a basket case economically now. The last thing they should be doing is playing with economic warfare. In any case they have what they want they should just lay low and let the storm blow past.

Arthur on Sun, 9th Mar 2014 10:41 pm

So, Arthur, it appears that you have totally bought into the B.S. right-wing lunatic assertion that America is going to “start actions against Russia over the Crimea”. How sad, for you.

Never said that I expect the US to intervene directly in the Ukraine. They will act exactly like they did in 1939 in Poland. They will pretend to be concerned about the fate of Ukrainians and will promise them all kind of support and will encourage to stay tough vis a vis the Crimea, exactly like they did behind the scenes with Poland: they told them basically, “you can do what you want, stay tough in the Danzig question, France, Britain and we Americans are right behind you and will support you”. That was an outright lie, they happily handed over Poland to the loving care of Stalin after the war, but the Polish idiots were useful in igniting the war, by leaving the Germans no other choice but intervene to stop an escalating situation, when Poles started to persecute Germans forced to live in Versailles-Poland.

And now in the Ukraine, the West applies the same tactics. The West HATES nationalists (just like they HATE Islamic fundamentalists), but in this case these Ukrainian nationalist fools can be instrumentalised for reaching a greater goal, namely weakening Russia and embroil Russia in a war at it’s own doorstep and when that has succeeded, Russia can be demonized ad infinitum in the eyes of world public opinion. That’s the game plan.

Ukraine is a vast country with an intact military.

The Ukraine is a vast country without a serious military. The Ukraine is no match for Russia. But the Ukrainian military is not the issue, the issue is the attempt to ignite a civil war Yugoslav style.

http://www.rferl.org/content/russia-ukraine-armies-compare/25287910.html

Budget ratio Russia-Ukraine: 78-1.6

Northwest Resident on Sun, 9th Mar 2014 10:48 pm

Arthur — So the Americans instigate a civil war. Russia intervenes militarily and with great force. Gas supplies to Europe are severely affected, leading to extreme economic difficulty in some European nations. Stocks suffer. The world economic moves one step closer to collapse, or just pukes and goes into full collapse. America and Russia are once again on the verge of nuclear war, with America the clear aggressor, inviting numerous terrorist actions worldwide. Real smart plan, Arthur. I’m sure that’s just what Obama has been plotting all along. I mean, what genius wouldn’t have thought that plan up?

peakyeast on Sun, 9th Mar 2014 11:21 pm

If the West hates islamists what happened in Lybia then? They have a traitor as leader of an islamic sharia law country. And that happened with the blessing and support of the NATO.

Khadaffi was a saint compared to the current rule.

Yeti on Sun, 9th Mar 2014 11:51 pm

“If the West hates islamists what happened in Lybia then?”
Payback’s a bitch! I can only imagine that senior people from both political parties felt we owed Khadafi a solid for Lockerbie.

Davy, Hermann, MO on Mon, 10th Mar 2014 12:19 am

Arthur said – but the Polish idiots were useful in igniting the war, by leaving the Germans no other choice but intervene to stop an escalating situation, when Poles started to persecute Germans forced to live in Versailles-Poland.

Arthur where did you learn your history??? You must have been home schooled. You must have gotten that out of the same book that denies the holocaust.

Arthur said – The Ukraine is no match for Russia.

Arthur the situation is not Ukraine invading Russia it is the possibility of Russia invading the Ukraine. The act of invading and occupying another country requires far more forces than I guess you realize. It will be a major commitment on Russia. They will not know who is the enemy or the friend because of all the Ukrainians that speak Russian. Does quagmire ring a bell.

Arthur on Mon, 10th Mar 2014 12:36 am

Arthur where did you learn your history???

Amazon.com:

* 1939 – The War That Had Many Fathers
* The Chief Culprit: Stalin’s Grand Design to Start World War II
* Hitler’s Pre-Emptive War: The Battle for Norway, 1940
* A Century of War: Anglo-American Oil Politics and the New World Order
* Churchill, Hitler, and “The Unnecessary War”: How Britain Lost Its Empire and the West Lost the World

Amazon.de

* 1940/41 – Die Eskalation des Zweiten Weltkriegs
* Churchill, Hitler und der Antisemitismus

And the most important of all:

prokarelia.net

* FINLAND IN THE EYE OF THE STORM

PrestonSturges on Mon, 10th Mar 2014 2:02 am

Arthur is a Holocaust denier

Makati1 on Mon, 10th Mar 2014 2:17 am

So many have swallowed the ‘trash China/Russia” Western (US) propaganda BS that you still believe that they will not take the West down because they are starving. Remember what Japan did when they to were cornered by the West? They started the Pacific War. Asia though is not the same as Western. The goals are different and the mindset is different. Perhaps this is difficult to grasp, but maybe your investment in BAU blinds you to the possibility that the West’s days are numbered and that the East is rising as the new powers in the world?

Northwest Resident on Mon, 10th Mar 2014 2:53 am

Arthur’s view of the world seems quite twisted and bizarre to me. I’m sure that he could look at the same set of facts as me, and interpret that set of facts in a way that makes a compelling case for some kind of evil conspiracy. After reading many of Arthur’s posts, I tend to think that he has a psychological predisposition to see events in the darkest, most sinister light possible, especially where America is concerned. If he were an objective conspiracy theorist, he would spend as much time obsessing with Russian, Chinese, European and ME political intrigues as he does with America, revealing all the non-stop evil, sinister, despicable plots being perpetrated by those countries. But he’s obsessed with America for some reason. So are a couple others who post on this site. It is good to be exposed to just how whacked out people can be, I guess.

GregT on Mon, 10th Mar 2014 5:33 am

“I’m sure that’s just what Obama has been plotting all along. I mean, what genius wouldn’t have thought that plan up?”

Once again, follow the money.

“In periods of economic upheaval, in periods of economic crisis, wealth is not destroyed, it is merely transferred.”
Larry Bates, in The Money Masters: How International Bankers Gained Control of America

“From the days of Spartacus-Weishaupt to those of Karl Marx, and down to Trotsky (Russia), Bela Kun (Hungary), Rosa Luxembourg (Germany), and Emma Goldman (United States), this world-wide conspiracy for the overthrow of civilisation and for the reconstitution of society on the basis of arrested development, of envious malevolence, and impossible equality, has been steadily growing. It played, as a modern writer, Mrs. Webster, has so ably shown, a definitely recognisable part in the tragedy of the French Revolution. It has been the mainspring of every subversive movement during the Nineteenth Century; and now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their heads and have become practically the undisputed masters of that enormous empire.”

Winston Churchill

“The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.”

Henry ford

GregT on Mon, 10th Mar 2014 5:37 am

“The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent.”

J. Edgar Hoover

“I am one of those who do not believe the national debt is a national blessing, it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”

Andrew Jackson

“The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control… Do I mean conspiracy? Yes, I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.”

Congressman Larry MacDonald

GregT on Mon, 10th Mar 2014 5:41 am

“Mr. Chairman, when the Federal reserve act was passed the people of the United States did not perceive that a world system was being set up here which would make the savings of an American school-teacher available to a narcotic-drug vendor in Macao. They did not perceive that the United States was to be lowered to the position of a coolie country which has nothing but raw materials and heavy goods for export. That Russia was destined to supply man power and that this country was to supply financial power to an international superstate–a superstate controlled by International bankers and international industrialists acting together to enslave the world for their own pleasure.”

Rep. Louis T. McFadden

“For more than a century, ideological extremists, at either end of the political spectrum, have seized upon well-publicized incidents, such as my encounter with Castro, to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal, working against the best interests of the United States, characterizing my family and me as ‘internationalists,’ and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

David Rockefeller

GregT on Mon, 10th Mar 2014 5:46 am

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”

Franklin D. Roosevelt

“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul this unholy alliance between corrupt business and corrupt politics is the ﬁrst task of statesmanship.”

Theodore Roosevelt

“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.”

Woodrow Wilson

GregT on Mon, 10th Mar 2014 6:05 am

“The world has been hijacked by a power-hungry satanic sumerian religious order. They control the entire international finances scene and thus monolithically own the media and the politicians around the globe. They seize real property by shrinking and expanding the money supply and exploiting the discounted foreclosure auctions, they purchase on the peak of deflation everything that produces profit and receive interest from all the money, as money is debt. Those people are usurpers that spread corruption, deception, disgrace, manipulation and false values and systematically humiliate, rape, torture and murder children.”

Mihhail Veingold

“Abraham Lincoln was assassinated through the machinations of a group representative of the international bankers, who feared the United States President’s national credit ambitions.”

Gerald Grattan McGeer

“”For we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed.”

John F. Kennedy

GregT on Mon, 10th Mar 2014 6:12 am

“I believe that banking institutions are more dangerous to our liberties than standing armies.”

Thomas Jefferson

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

James Madison

“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.”

Theodore Roosevelt

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Napoleon Bonaparte

GregT on Mon, 10th Mar 2014 6:15 am

“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization.”

Otto von Bismark

““Let me issue and control a nation’s money and I care not who writes the laws.”

Mayer Amschel Rothschild

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

The Rothschild brothers of London writing to associates in New York, 1863.

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.”

Leo Tolstoy

GregT on Mon, 10th Mar 2014 6:16 am

“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”

Henry Ford

Davy, Hermann, MO on Mon, 10th Mar 2014 11:28 am

Makati said – Perhaps this is difficult to grasp, but maybe your investment in BAU blinds you to the possibility that the West’s days are numbered and that the East is rising as the new powers in the world?

Get a grip Makati, collapse and reality do not have bed fellows all are treated alike in an interconnected global world. China, Russia, and The east can’t decouple from the west. The last 30 years the pace of globalism, just in time distribution, and financialization has accelerated to a point where no place on the globe is safe from a contagion in another place. This is why this Ukraine deal is so significant. There are those “Powers to be” on both sides who discount the cross contagion reality.

I find your agenda of bash the west and worship of the east, China, and Russia just part of your agenda. If you equate our discussion to science a scientist does not let subjectivity enter the equation for fear of spoiling the results. This is your problem, DC’s problem, and Arthur’s problem. I prefer to have both sides represented but not with agendas or propaganda spews. It reminds me of North Korean news casts. Makati, China is a runaway train of debt, population, pollution, and food/water scarcity. Russia has never stopped being a 3rd rate power dependent on volatile commodities, and the most corrupt society of the G8. The east is a shining star in many ways but with huge problems most notable food. The east is export driven in a time of globalism decline. I fully acknowledge the West decline and short comings but don’t force feed me your “East is the Shining star to lead mankind to a new age” BS.

Arthur on Mon, 10th Mar 2014 11:37 am

Yeah, indeed great quote by Winnie, made in the twenties:

Winston Churchill

However, when Winnie ran out of cash in the mid-thirties, he himself became a tool of the so-called Focus-group [*], that is ‘these people’, that had as the explicit aim of making Winnie PM of Britain, replacing Chamberlain, and bring the UK into war with Germany, all in the interest of ‘certain circles in the US’, with an agenda of world conquest. Since these days all the speeches made by Winnie in the Commons were written by Royal Dutch-Shell chairman, Waley Cohen, warning against the ‘German danger’ and preparing for war in Europe.

Read: amazon.de/Churchill-Hitler-Antisemitismus-politischen-europ%C3%A4ische/dp/3428131347/ref=sr_1_8

And they found their useful idiots in Poland, hellbent on expansion at the cost of Germany (Danzig, Eastern Prussia). By pushing the UK & France into the fatal war guarantee for Poland, giving the Polish hot heads carte blanche to do whatever they liked (the central theme in Pat Buchanan’s fairly recent Churchill-Hitler book), they got their long desired war in Europe.

And now these very same people are using Ukrainian hotheads for exactly the same purpose: instigating war in Europe and driving a wedge between the EU and Russia and try to get the goyim fight among themselves, again.

[*] – Focus group: founded in 1936 in Amsterdam by Samuel Untermeyer, but the day-to-day overseer and most important sponsor was Robert Waley Cohen.

Arthur on Mon, 10th Mar 2014 12:02 pm

Your problem is your shallow media-sourced understanding of history and world politics over the last 100 years. I am not anti-American or anti-West, you are! in your capacity of loyal servant of ‘ZOG-USA’, the next USSR. You are suffering from an extreme form of Stockholm syndrome, by defending those people, who have your very destruction high on their agenda. I am a ‘European fundamentalist’ and defending all things European, including European presence on north-American soil, against the only serious enemy European civilization and ‘the white race’ in general has: YOU. Not because you are evil, but because you are gullible and picking up all your ‘wisdom’ from the media, whose ownership no doubt is a complete mystery to you.

It is a fascinating development lately, that where over the last two years, the comments were dominated by people highly critical of the actions of the US government, lately there is resistance forming, defending the US, unsurprisingly coming from the American liberal left, from people like Davey, NWR and ghung, the liberal-left being the backbone of the US global empire. Now, NRW and ghung are a little less naive than Davey, NRW being with one leg into 9/11-truth and ghung, after first expressing irritation about my ‘toxic remarks’ and hinting at a ban, than reveals that he understands more of the situation than he would care to admit, by rhetorically asking ‘what I actually propose to do about it’, possibly hoping that I would outmaneuver myself by proposing to ship groups to ‘Eastern European wellness resorts’. Well, forget about that.

It remains to be seen if the three people mentioned actually realize in what a dangerous situation they are now in: the US is in a very isolated position and could end up in a war against the rest of the world, now that the world starts to wake up to the globalist intentions of the revolutionaries in Washington.

Northwest Resident on Mon, 10th Mar 2014 3:38 pm

Arthur — Gotta hand it to you. You are one extremely intense individual. You are no doubt clever, possessing a burning intelligence, and are clearly an intense seeker of facts and information. But you seem incapable of assembling whatever facts and information you gather into anything other than dark, evil, sinister American plots. I swear, if you were given a box of Legos and asked to build something, the end result would look very much like an evil sinister American plot to achieve world domination. Tons of information goes into your brain, evil sinister despicable American plots come out. Pretty amazing, actually.

GregT on Mon, 10th Mar 2014 4:12 pm

NWR,

Not American plots. Those that are in control could care less about America, or any other nation for that matter.

“Some even believe we are part of a secret cabal, working against the best interests of the United States, characterizing my family and me as ‘internationalists,’ and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

David Rockefeller

Northwest Resident on Mon, 10th Mar 2014 4:41 pm

GregT — Not much argument from me on that point. There are no doubt forces at work that on the surface *look* like American plots, but it is in reality the deeply embedded forces behind the curtain (TPTB), pulling the levers, pushing the buttons, deploying their agents. But to Arthur, it is the evil American government, every time — as far as I can tell.

Hey, here’s my favorite from all those quotes you posted:

Woodrow Wilson

Wow. He really said that? I do not doubt it.

Arthur on Mon, 10th Mar 2014 9:06 pm

Woodrow Wilson
Wow. He really said that? I do not doubt it.

But you still do not understand my position? That ‘power’ is present all the time, since the days of Wilson and has the US in an iron grip. You yourself bring this as your ‘favorite quote’. It was Wilson who was blackmailed into WW1 by ‘the force’.

But the world is waking up to ‘the Lobby’. Here a Dutch MSM TV-documentary (2007, mostly in English, but not all) about the Lobby. Typically that it takes a black congressman, Earl Hilliard, to be blunt about the Lobby (12:20-15:35), the rest is just scared, and of course, except Mearsheimer and Walt.

https://www.youtube.com/watch?v=yw_v3hqtCl0

Economist Warns of Collapse Risk: “Will Not Allow Life to Continue As We Know It”

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