'RT talks to political risk consultant Dr. John Hulsman. Comparing the EU with a push-me-pull-you beast, he predicts that the union should either go for further substantial integration and unification, or cease to exist as a geopolitical entity.' -- "I was in a meeting with senior European leaders and they asked: 'What discipline can keep us from doing this?' And I just started laughing; they looked at me and I said, 'The markets.'"

"We're seeing the house being burnt down, and the Germans keep insisting that we need to get the building regulations sorted out before we douse the flames with the water supply they control." -- Pull it

'Whatever JPM was up to (and I am still not entirely clear on what that was), it was not classic hedging, which serves to minimize losses, but something far more speculative. The reason this gives me such cause for concern is that it once again exposes a small portion of the derivative monster that will certainly be awakened when the European situation goes into full meltdown over the Greek, then Spanish, the Portuguese, then Italian situations. While derivatives are, in theory, a zero-sum game, and therefore could, in theory, be forgiven and forgotten in a pinch, the reality is that they’ve been used to pretend that risk did not exist and therefore losses don’t exist. The ugly truth here is that we are at the tail end of a most unfortunate credit bubble – four decades of global excess by the OECD countries – and there are massive losses to account for. Just as the offsetting counterparties involved in the subprime CDO and CDS mortgage crisis did not zero out because the losses they were allegedly papering over were all too real, the same will prove true of the derivative paper allegedly covering sovereign and corporate debts. Remember, the biggest holder of derivatives is the company that just demonstrated that it doesn’t really understand the concept of hedging. Overall derivatives, especially interest-rate-linked derivatives, have increased by over $100 trillion since the crisis began. As JPM just evidenced, and as hinted at by the interminable hand-wringing over allowing Greece’s paltry $78 billion in credit-default swaps to be triggered, real dangers lurk here.'

'If you are going to go the devaluation route you are going to have to do it all at once. Like the big-bank weekend (maybe coinciding with a week long bank holiday) in which all core European countries get their own currency back. There is a precedent. It is not a pretty one. When the Austro-Hungarian empire collapsed there was a single currency over a huge area covering much of what is now Euroland. In this case the rather Germanic Austrians were in charge (or rather were in charge until their empire collapsed). What they did was put troops on all the borders and made it illegal to take cash (or wire cash!) across borders. Then all Austro-Marks in each country was stamped - converted to Drachma for Greece, Marks for Germany, Peseta for Spain or whatever the currencies of the day were [If someone remembers the 1918 border splits better than me they are welcome to say...] In this conception all Spanish debts become Peseta debts. All German debts become Mark debts. All Greek debts become Drachma debts. Unstamped currency goes worthless. If you are going to split the currency I see no alternative to a big bang - and if you do that I see no alternative to troops at the border... Unilateral Greek default and devaluation without planning for the periphery to do the same - well that is a true mess. Too ugly almost to think about - and it would be unilateral for less than a week. The rest of Europe falls into that abyss with maximum movement of deposits and cash in the meantime.'

'The ultimate solution for all government debt is always pay off, repudiate or hyperinflation hence the impasse in EU Land. No nation has ever paid off their national debt, the citizens generally benefit from repudiation over hyperinflation but central banks always use inflation as the solution. Due to rather recent German history the German people will never allow any government to sanction high rates of inflation. The EU was a vehicle designed to control all of Europe but the German people will not stand for the massive money creation and ultimate inflation necessary to preserve the failed European Union and inflate away the massive sovereign debts of nations in the EU. The German people will surely demand withdrawal from the Euro and a return to the currency credibility of a restored D-Mark (Deutsche Mark) backed in some way by gold. The alternative is to risk a return to the 1930's and the Germans have not forgotten that mistake. I would suggest that at the next federal election in Germany in the fall of 2013 Chancellor Merkel will likely be repudiated at the polls because of the EU problems. She and her party alliance will be forced from power as her dream for a German-led Europe through the European Union crumbles like so many grandiose plans of earlier empires. Remember, 70 years earlier in 1933 another chancellor was swept into power because of government debts, hyperinflation and outside meddling. It did not end well for Germany.'

Transcript: http://bit.ly/HnLtCp

'...feminism will eventually help bring about an economic and social collapse. Many people are simply unable to wrap their heads around that idea, because we've all been told, ad nauseum, that feminism is a cause of prosperity, when in reality, it is largely--perhaps entirely – a consequence of it.

And I'm going to borrow a bit from another blogger, Rob of the blog No Ma'am, and read a portion of his description of patriarchy and lifelong monogamous marriage, because he explained it EXTREMELY effectively.

"When one stands back and observes the whole lot, we see that both males and females have a surplus and a shortage:

"Males have a surplus of labour but a shortage of reproductive ability.

"Females have a surplus of reproductive ability but a shortage of labour.

"Now, perhaps, you can see why marriage is an economic contract.

"The male “sells” his surplus labour to the female in exchange for her reproductive ability.

"The female “sells” her reproductive ability to the male in exchange for his surplus labour.

"In order to “sell” something, you first must “own it” yourself, and upon “selling it,” you are agreeing to transfer ownership of it to the buyer. This is the basis of economics, and as you can see, it is based on property rights.

"In the economic contract of marriage, the female agrees to transfer the ownership of her sexual reproductive ability to the male, and she takes ownership of his surplus labour as payment for it.

"So, yes, while the feminists harp on and on that women were once “owned” as chattel, there is truth to this because in a very real sense, a woman’s sexuality became the property of the husband. He very much was considered to “own” her sexuality and the products of her sexuality (children). The children of a marriage became his property, because he paid for them.

"(Note that while the children of a marriage are supposed to belong to the husband, children born out of wedlock are the property of the woman. A woman who is not married owns her own sexuality and the products/children of that sexuality are also her property).

"This is also why, in the past, women were so much more harshly condemned for adultery than men. The wife's sexuality was no longer hers to give away.

"This is why, in the past, when a woman was raped it was considered an act of theft against the husband. Someone “stole” the sexuality which was his property.

"This is why, in the past, it was considered impossible for a husband to be found guilty of spousal rape. How can you possibly steal your own property?

"So, feminists are somewhat truthful when they claim that women were “owned” as chattel. A wife’s sexuality (NOT her person), was very much “owned” by her husband and it was in fact used as a means of production: The production of the husband’s own children.

"But, as always, feminists are only capable of speaking in half-truths. The part of the “women were owned as chattel” song leaves out the second verse, which is “and men were owned as beasts of burden.”

Patriarchy worked very well for society overall, because it provided women with the surplus labor they required in order to raise their children in the best possible circumstances AT NO COST to anyone but husbands and fathers. And men's ownership of their children motivated the vast majority of men to do more than just subsist – to essentially labor at more than minimum capacity. That meant that a lot of work got done, and the economic surplus men generated was handed directly to the women who needed it. Of course this arrangement benefitted some women more than others (the ones who married rich), and some men more than others (the ones whose wives didn't turn out to be barren), and could easily benefit one party in a particular marriage more than the other. But for the most part, in its function as the smallest building block of society, it worked like whoa and like damn.

Feminists fought and still fight for women's reproductive freedom, but they don't seem to worry too much about the lack of responsibility demonstrated by women's growing penchant for getting pregnant and having children out of wedlock at rates of up to 60%, at a time when they have almost total control over their fertility. And despite women having 100% power of decision over reproduction (no matter what the man does or doesn't do), very few feminists believe those women should be held 100% financially responsible for those decisions. Not only should abortions be free, but child support automatic. Despite having no say in any of these decisions, men are still held partly responsible, and we ALL are as well, through the increased social spending required to make all reproductive choices on the part of women as burden-free as possible.

Reproduction may be women's burden, but it's their power as well, and feminism seems happy to not only indulge any irresponsible exercising of that power, but has suggested and implemented measures designed to ensure every decision a woman might make wrt her reproductive capacity, whether wise or foolish, comes with as little cost to the woman making it as possible.

Now that the transfer of surplus labor from men to women must go through a middle-man, who takes a slice of that pie only to get fatter and hungrier, you actually need more and more productivity on the ground to both provide for women and children, and feed the beast of government. In western countries, that beast has grown to 100x the size it was before women's suffrage, and has begun pulling out the visa card willy nilly – pledging the labor of our children to foreign governments to finance the largesse of today.

But what have we done? We've removed all the motivation men have to be economic generators by removing all the benefit to them of marriage and children, so more and more are refusing to do the 50 hour a week thing and are opting for part time jobs, beer and x-box instead. Others are simply so damaged and handicapped by the system we've created that they are incapable of being productive at all. So we actually have LESS productivity on the ground. And those children we're relying on to get us out of hock when foreign governments start calling in the debts, are only going to become less able to save our asses with every generation of them raised in single mother households.

Men paying a greater share of the taxes is what's been funding all of this. But because of our decision to prioritize women's educations over men's, this generation of men are now more likely to drop out at all levels of education, less likely to attend post-secondary, and already earn 8% less than women do under 30. We are actually handicapping the earning power of the people who fund the system women need, and prioritizing training and education for the people who are least likely to exploit it to its full economic potential. We are allowing women to banish fathers from their children's lives at no cost to themselves – in fact, the rewards to women for doing so are myriad and tangible – when we KNOW this disadvantages children and generates current and future costs to society. And we are disincentivizing men's productivity by offering them no realistic opportunity for children that are actually theirs, or marriages that will last longer than a few years, after which all benefit to them is gone, while all the costs and obligations remain.'

Cool zombie flick, bro!

'Author David Barker, shares details from his new book, "Welcome to Free America," which talks about an America collapsed by a financial meltdown and gives instructions on how to survive in a society with no government and new rules.' -- But who would build the roads?!?!?!

'...there have been no substantial retrenchments of the US government, and the situation is getting worse, on a hyperbolic curve. Trends in motion tend to stay in motion until a genuine crisis changes them, and this trend has been gaining momentum for over a century. The fact is that when a government collapses, especially when the government is providing all the things the US government does today, people want somebody to fix it; they want their goodies back. It's well known that over 50% of the US population are net recipients of state largess. And the degree of state support and involvement in the US is far, far greater than it was in France, Russia or Germany. After a period of chaos, it's always the people who are most political, who have the most rabid statist ideas who get the public's attention and rise to the top. It seems highly likely that the US will get a savior, someone full of bravado, who assures the booboisie that he can straighten things out – if he is given sufficient power. Perhaps it will be an arrogant windbag like Gingrich, perhaps some general. The government won't wither away; it will reassert itself. I don't see any way around it, actually. We are already moving into a police state...' -- There's no stopping what can't be stopped, no killing what can't be killed.

"Cover the window, please. These mountains give me no ideas."

'More rounds of ammunition were fired off in the global currency wars today, as six of the world's central banks including the Federal Reserve, Bank of England, and the European Central Bank coordinate to get cheap dollars to starving European banks. Meanwhile, across the pacific, China is cutting its reserve requirements by 50 basis points for the first time in nearly 3 years, a sign that the world's second largest economy and biggest exporter is now reversing its policy of trying to curb inflation and loan growth. We are joined by James G. Rickards, author of Currency Wars to discuss these issues, as well as the growth in gold buying and gold repatriation by foreign central banks, the world over. We also speak to Jim Rickards about the role he thinks the IMF and its global SDR will play in the years to come, and if the latest bailout 600 billion euro Italian bailout rumor may be just the opportunity for the IMF to step up as a player in the global currency war.' -- One paper currency to rule them all, One paper currency to find them, One paper currency to bring them all and in the darkness bind them.

'Over time as the forest matures and passes into the late part of its growth phase, the mechanisms of self-regulation become highly diverse and finely tuned. Species and organisms are progressively more specialized and efficient in using the energy and nutrients available in their niche. Indeed, the whole forest becomes extremely efficient-in a sense, it effectively adapts to maximize the production of biomass from the flows of sunlight, water, and nutrients it gets from its environment. In the process, redundancies in the forest's ecological network-like multiple nitrogen fixers-are pruned away. New plants and animals find fewer niches to exploit, so the steady increase in diversity of species and organisms slows and may even decline. This growth phase can't go on indefinitely. Holling implies-very much as Tainter argues in his theory-that the forest's ever-greater connectedness and efficiency eventually produce dim­inishing returns by reducing its capacity to cope with severe outside shocks. Essentially, the ecosystem becomes less resilient. The forest's interdependent trees, worms, beetles, and the like become so well adapted to a specific range of circumstances-and so well organized as an efficient and productive system-that when a shock pushes the forest far outside that range, it can't cope. Also, the forest's high connectedness helps any shock travel faster across the ecosystem. And finally, the forest's high efficiency makes it harder for it to realize its rising potential for novelty.'

"Portugal, Spain, Italy, and hush-hush, France – all of these countries are dysfunctionally mismanaged economies – 'managed' being the mismanaged part of the whole equation because you cannot manage an economy, only a free market can govern itself... -- I believe the Greeks will be forced into accepting whatever austerity measures or any bailout packages that are dropped into their laps via Brussels and the G20."

'Dominant Social Theme: We've been trying hard and look at all we've done. Don't blame us when it all goes to hell and we have to create a global currency. -- ...the conversation shall turn to the IMF's SDR currency-in-waiting and how the IMF should serve as global central bank, dishing out its incomprehensible basket-fiat currency to all and sundry. This is perhaps the REAL plan – or one of several plans, as it looks more and more as if the euro is going the way of the Dodo. It is nonetheless an emphatic defeat for the Anglosphere elites who are determined to create a one-world currency as part of a new world order. Regional agglomerations of nation-states are supposed to be stepping stones to this structure and they are in place around the world – from South America to Asia to Africa. But the main ones that count the most are (1) the European Union that is falling apart before our eyes and (2) the North American Union, which is in such bad odor that even Bilderberg Boy Rick Perry has to deny its evident and obvious reality. Blame it on the Internet Reformation that has informed residents of both Europe and America of the elite's deeply laid plans and their determination to have their global government no matter the cost. As predicted, the tribes of Europe are fighting back. And for all the false-flag protests now taking place in the US, there is a growing, stubborn antipathy to what the powers-that-be are trying so hard to accomplish.'

'Dominant Social Theme: China is the most magnificent country in the world. Whatta nation! What an economy! More cities than anywhere else in the world. More skyscrapers, too. Never mind that most of them are empty ... -- Free-Market Analysis: We were on the case when it came to China several years ago. At the time, nary a peep could be heard about the insanity of China's "market economy" – which is about as "free" as the Chinese Internet. But now the evidence is becoming clear. China is busted. Oh, we know that China holds over US$3 trillion in reserves, but here's the reality: It's just paper – fiat money from the US and Europe. Western companies continue to pour funds and personnel into China and our only explanation for this is that this mania is somehow a ploy. How is it we understand China but multi-billion-dollar nationals do not? The information is out there. Perhaps the idea is to ensnare as much capital and resources as possible in the Chinese briar patch. Then when China goes down, the failure is that much more amplified in the West. The chaos is stronger and the solution – one world government – is enhanced.'

'In three paragraphs, Evans-Pritchard takes us to the heart-and-root of the problem. The EU's central bank cannot print the money necessary to defuse the rolling debt crisis. In the US, the Federal Reserve issued something like US$16 trillion in short-term loans when the markets were seizing up in early 2008. Most recently the Fed basically guaranteed something like US$75 trillion of Bank of America's bad derivatives debt. (Thanks, Merrill Lynch!) These are admittedly huge sums. We defy anyone to visualize how much US$75 trillion is. It's like imagining infinity in our view. That's why we often write that the dollar-reserve system is dead and that it died in 2008. One cannot issue out – or even intend to issue out – such vast sums of money. Their very incomprehensibility tells the tale. But in a sense, for the moment, such aggressive actions seem to have worked. The system, in all its chaos and ruin, staggers on. Of course, we would like to see this rotten system collapse entirely. It might have a terrible impact on many – but salvaging the system via monetary inflation and war will be just as horrible. At least if the system collapses, the horror will mean something.'

'Admitting they had "absolutely no idea what the fuck [they were] doing," millions of Americans immediately ceased trying to manage the country's large-scale, ongoing disasters and pleaded with U.S. scientists, economists, educators, philosophers, and inventors to intervene and make things better again. According to Beltway insiders, the phenomenon has spread to the highest levels of the U.S. government, with hundreds of lawmakers crumpling up all bills currently under debate and claiming that pervasive problems related to unemployment, a crumbling infrastructure, and energy crises should probably be left to people who know some things about that stuff.'

'It took 150 years to blow up the banking sector – a brief history of a slow detonation.' -- Pointing finger is pointing at "government"

'As Baby Boomers are discovering now, it was all something of a dream. In fact, here at DB we refer to the 20th century these days as a "dreamtime." It was a century when what we call "directed history" was in its heyday. The elites entirely controlled the media and could relate whatever stories they chose. The fantasy of stock market wealth was just that – a fantasy – for most people. Yet no dominant social theme was much more successful than the investment meme. In the 20th century and even today the Anglosphere elites continue to push the idea of "investing." The buy-in of the middle class means a psychological endorsement of the world as it is, including central banking and fiat money. it is all becoming increasingly evident in the 21st century: the manipulations, the control, the larger elite agenda. Many white-collar jobs are make-work and a modern, "investment-enabled" retirement tends to work only in the "up" part of the business cycle when fiat money is in demand. This extended down-cycle is going to be an extended and brutal one because of all the past re-stimulations of the world's economy.'

'As of 2011, there are 1.4 m people in US gangs. That's 40% higher than 2009 (FBI: 2011 National Gang Threat Assessment). Why the rapid growth? Lots of little factors, but the big driver: 17% unemployment (with treble that in areas where gangs are prevalent) and the growing illegitimacy of the current power structures. With the ongoing deterioration of the US system, young people are going to increasingly opt to give their primary loyalty to organizations that will take care of them. More interestingly than simple gang growth/spread, is the increasing presence of gang members in the military (primarily the Army) and the transfer of combat skills gained in Iraq/Afghanistan to the street. The US, currently running a $1.5 trillion a year deficit with the spectre of HUGE cuts in the military (reduction in force) as a certainty, will dump hundreds of thousands of combat vets onto the street w/o an economy able to absorb them.'

'On your territory, only you are permitted to produce money. But that is not sufficient. Because as long as money is a regular good that must be expensively produced, there is nothing in it for you except expenses. More importantly, then, you must use your monopoly position in order to lower the production cost and the quality of money as close as possible to zero. Instead of costly quality money such as gold or silver, you must see to it that worthless pieces of paper that can be produced at practically zero cost will become money. Because you can create paper money out of thin air, you can also create credit out of thin air. In fact, because you can create credit out of nothing (without any savings on your part), you can offer loans at cheaper rates than anyone else, even at an interest rate as low as zero (or even at a negative rate). With this ability, not only is your former dependency on banks and the banking industry eliminated; you can, moreover, make banks dependent on you, and you can forge a permanent alliance and complicity between banks and state. You don't even have to become involved in the business of investing the credit yourself. That task, and the risk involved in it, you can safely leave to commercial banks. What you, your central bank, need to do is only this: You create credit out of thin air and then loan this money, at below-market interest rates, to commercial banks. Instead of you paying interest to banks, banks now pay interest to you. And the banks in turn loan out your newly created easy credit to their business friends at somewhat higher but still submarket interest rates (to earn from the interest differential). In addition, to make the banks especially keen on working with you, you may permit the banks to create a certain amount of their own new credit (of checkbook money) in addition and on top of the credit that you have created (fractional-reserve banking).'

'The polls show a vast lack of even a modicum of confidence in political leadership, the failures of which are all around us. The longer the depression persists, the more the rebellious spirit grows, and it is not limited to the Wall Street protests. Poverty is growing, incomes are falling, business is being squeezed at every turn, and unemployment is stuck at intolerably high levels. People are angry as never before, and neither political party comes close to offering answers. The State as we’ve known it – and that includes its political parties and its redistributionary, military, regulatory, and money-creating bureaucracies – just can’t get it together. It’s as true now as it has been for some twenty years: the Nation State is in precipitous decline. Once imbued with grandeur and majesty, personified by its Superman powers to accomplish amazing global feats, it is now a wreck and out of ideas. It doesn’t seem that way because the State is more in-your-face than it has been in all of American history. The mask of the State is off. And it has been off for such a long time that we can hardly remember what it looked like when it was on. Fascism, like socialism, cannot achieve its aims. So there is a way in which it makes sense to speak of a stage of history: We are in the stage of late fascism. The grandeur is gone, and all we are left with is a gun pointed at our heads.'

'A modest if nightmarish scenario ... Suddenly, the world's economy is entirely under water – savings savaged; jobs non-existent; even food and water in short supply for some reason. Now the elites make their solutions known ... Buttressed by the roiling populist protests of Occupy Wall Street, supported by Julian Assange's transparency meme, the powers-that-be take advantage of the starvation and chaos facing not just the West, but the world. With all the persuasive force of the controlled media, they will offer the globe's tortured billions the vision of a compassionate and efficient global government. They campaign for direct democracy to ensure world government is both fair and equitable. It will become apparent, eventually, that Assange's WikiLeaks model provides the transparency that is necessary to erect a feasible model of global governance. Handsome Assange himself shall assume a high position in world government (a man other men envy and women hope to marry). Finally, the elites will offer up the IMF's SDRs as the new world currency. -- Conclusion: Does all this strike you as far-fetched? Heck, we're just speculatin' ....'

'It sounds like the enemy is Wall Street, but observe that the slogan doesn't point to an enemy, it defines the group. The slogan is a twist on an old fascist standby: select a minority enemy, and create an impression of opposing unanimity. Once done, the leaders of the group have the powerbase to do what they want, making it impossible for anyone in the rest of the 98% to disavow this madness. When it all goes down you will be too terrified, or too busy, to dissent. -- Of course Wall Street has excessive profits, but just as your life has been an inflated delusion of easy credit, so has theirs; yes, they have received an obscene share of that fake money, and ten-twenty years ago maybe you could have redistributed that fake money, but that ship has sailed. The moment you take it away from them it ceases to exist, poof, it's gone. Double the taxes, triple the taxes, it makes no difference, it's over. The only way out is a massive tax on wealth; cold fusion; a war; a new media; or inflation. Inflation has the side benefit of pushing you into a higher tax bracket and we'll all get to see what a $1000 bill looks like. "We are the 99%." Stop it. There is a 1%, fighting another 1%, and while both of those megalomaniancs dominate the media coverage the other 98% has no recourse, no representation, no allies, and no savings.'

'Across the Atlantic, the global financial troubles have reached the UK, as it becomes the latest nation to feel the pinch. Rating's giant Moody's has downgraded 12 of Britain's financial firms and banks, including the Royal Bank of Scotland and Lloyds TSB. That comes after the Bank of England chief said the country's economy is at its lowest point since the 1930s if not ever. RT gets more on this from British Euro MP, Godfrey Bloom.' -- "If [money-printing] was successful, why doesn't he give money-printing machines to every family in the United Kingdom, that they could put in their attic and print money whenever they wanted to go buy something?"

'Trader Alessio Rastani explains how Goldman Sachs rule the world, not the governments. He explains how the Eurozone crash will wipe out the savings of millions. He states Goldman Sachs rule the world, not our governments – something the BBC did not expect him to say.' -- It's nothing personal, Jack – it's just good business. -- Cutler Beckett

'We are coming to the big face-off between top-down control by those who would be gods over us and impose value on us, and bottom up creativity which recognizes that any “god” (energy, good, intelligence) comes up through us and is connected between us. It is this “within” and “between” well-negotiated and exchanged that produces real value. We need to transfer that growth and “frontier” mentality to non-scarce, non-material assets like learning, intellect, culture, music, community, family, creativity, human connection and interest. This is now happening. This movement will be driven by the younger, Generation X and millennial generations. Baby boomers may follow, but probably only after initially resisting, and trying to make the system work long enough so they can cash in their corporate 401(k)s and extract their welfare state entitlements. ...but eventually they will have to capitulate, find a renewed purpose, dust off their 60’s idealism, and reapply themselves.'

'Every time Merkel meets with Sarkozy in one of their "no, no, yes, yes" liaisons, European stock markets rise. There is some vague language about another round of bailouts. Investors rush in to buy, buy, buy. The fund managers are not rewarded to produce long-term capital gains. So, they cannot resist buying whenever Merkel and Sarkozy emerge from their tryst to tell the world that they are willing to let Germany bail out the Greek bond market one more time. This is great political theater. The funds' memos to major banks regarding the funds' refusal to roll over their short-term loans can go out at any time. No one wants to be the first fund to trigger a banking panic. But no one wants to be left holding the bag. This is why predictions regarding the day of reckoning are highly speculative. The major decisions will not be made by banks. They will be made by fund managers with large deposits at banks. The bankers are just sitting there, hoping for the best.'

'During an economic collapse, EVERYONE becomes a target. A target of poverty, a target of homelessness and starvation, a target of crime, a target of mass hysteria. If you have no solid community structure to brace against the fiscal avalanche, then your problems are much larger and more immediate than any alphabet agency goon squad or military outfit crossing the Rubicon. You, my friend, have no support. You are relying on “luck”. This is pure stupidity. Eventually, we will have to leave our comfort zones and do something with what we have learned. That means setting aside our jobs (which likely won’t exist in a couple years), our hobbies (which we likely won’t care about in couple of years), our habits and addictions (which we likely won’t be able to afford in a couple of years), our financial designs (which will be laughable in a couple of years), and ignore the skepticism of our families (who will be thanking us in a couple of years). It means getting our priorities straight.'

'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."

'This wasn't unexpected by many who have been watching the unfolding events in Europe's backyard. Just as in 2008, when US regulators stepped in to protect the "Holy Grail of banking," here we have another blatant attempt by the central planners to try to "force" people to have confidence in an over-leveraged fiat money empire that is on the verge of collapse. In fact, we don't think it matters much what the regulators do at this point. We think the US dollar and the Federal Reserve are both on their deathbeds -- the euro, too, for that matter. The entire world is experiencing an awakening, which exposes the fraudulent nature of a global monetary system that's been used by international Money Power to collectivize and enslave a large swath of the world's population under authoritarian rule. Imposing a ban on people's ability to profit from the downfall of a corrupt system will not keep the funeral from occurring.'

'The statistics, sociology, police brutality, massive food price increases and economic catastrophes behind the recent and continuing riots in Britain.' -- "A culture that is undermined and dissolved slowly through government regulations, through the tax incentives to bear children and live apart – results in young men and young women growing up without father figures, often in households where they have never seen anyone work." -- Pointing finger is pointing at government.

'COMMENTARY: In Europe and America a new type of conflict has been simmering for years. In Britain, in 2024 it is about to reach flash point. This conflict is different from anything that has gone before. Members of the same family will find themselves on opposite sides. PROF LAURENCE KOTLIKOFF (Author “The Coming Generation Storm”): It’s not a matter of if there’s going to be a generational fall out, it’s a matter of when and exactly how nasty it’s going to be. COMMENTARY: In twenty years time, it is the old who are in charge. The ageing population is bringing Britain to the brink of financial collapse. Which the young generation are about to ignite. CHET TREMMEL (Foundation for the Rts of Future Generations): We are not going to keep quiet when a band of pampered pensioners steal the future from us. COMMENTARY: The young of 2024 are becoming angry. They’re calling it generational fraud. Some have decided it can’t go on. YOUTH DEMO: We pay, they play, we pay they play…'

'The economic, political and social realities behind the rebellion of youth which cannot be resisted.' -- Pointing finger is pointing at government.

'The people are catching on. Thus we arrive at the strangest of moments when the world is figuring out that the forecasts of fire, flood and plague were faked, just as they realize the reassurances about the money were faked too. Disaster is coming, but not because of carbon. We’ve been worried about the wrong tipping point. Is it a coincidence? A random convergence of delusions? Not so. It takes one falsity to feed the other. We need a special kind of wealth to worry about bad weather 100 years from now. No one was watching the dollars hard enough... Corruption reigned across the high end of town. Politicians lied, scientists lost data, bankers mispriced risk and sold it to suckers but were bailed out, and public servants served government instead of the public. Science journals forgot what science was, professors broke laws of reason, and virtually everyone in the old media let them get away with it. Indeed the old-media was busy hacking phones for entertainment.'

'The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.' -- 'As you scroll through the currencies below, you’ll see some long-ago casualties. What’s shocking, though, is how many have occurred in our lifetime. You might count how many currencies have failed since you’ve been born.' -- http://www.washingtonsblog.com/2011/08/average-life-expectancy-for-fiat.html

'Two things have happened: First, people have been made aware as never before of the essential unfairness (not a strong enough word) of the system; second, the massiveness of the bailout (handout) shows clearly that the system itself is finished. The last time something of this magnitude occurred was during the Great Depression and it took a World War to reconfigure and reassert elite control. Absent another world war (which is impossible because of nuclear devices) nothing is going to bring it back. The price distortions are so great, thanks to the directed money printing, that it cannot unwind. In fact, around the world, central banks are busily printing money for the very elite power nexuses (banks and financial institutions) that need to fail. Those in charge of the money printing will not let them fail. This means the unemployment and misery will continue to grow. The whole system is insane. It is beyond salvage.'

'Derivatives are the $800 trillion or more gorilla in today's financial room. The problem lies in the bets, the wagers, in the shape of default swaps, to the tune of trillions of dollars, that are out there, and that risk being triggered by a default being declared a "credit event"... It's starting to look like that "CDS to hide debt" idea might be backfiring. ...all the Merkels and Obamas and Papandreous and Geithners on this planet will try with all their might to prevent that from happening. And they have virtually limitless access to your money, and that of your children, to do just that. They have exactly zero chance of succeeding, but that won't keep them from trying: their jobs, their social status, perhaps even their very lives depend on it. There's a low thunder rolling across the plains, and it's coming this way. There's nowhere to hide; we’ll have to live through it. It's called debt deflation. Derivative debt deflation. Financial crisis? You ain't seen nothing yet.'

'If the mainstream media news actually reflected the reality of world events, every news broadcast would start with an update on BIS policies and then discuss the economic moves of some of the larger central banks. ...the power elite that has quietly seeded – that's right, "planted" – these central banks around the world in the past century know quite well what they are capable of and how they operate. Every few years, central banks cause economic collapses by printing too much money. The Anglosphere elites further consolidate their power and wealth each time one of these collapses occurs under the guise of "Democracy." We are aware that Money Power is established via chaos and draws its order from a planned response to social unrest. From chaos, therefore, springs forth a "New World Order." Is this really what the elites have in mind in the short term? We entitled this article "A Planned Depression." But we will end it with an alternative title: "A Planned Revolt?"'

'The Chinese people are still in the phase, thanks to Western monetary stimulation, where they believe that everything that has happened to them is due to their industriousness and native intelligence. ...after the Chinese economy crashes as it must inevitably (unless they manage to pull off the proverbial soft-landing). What will be revealed by the wreckage is the full panoply of central banking deceit. The scales will fall from the eyes. The stock market will be revealed as manipulated; the companies as inept monopolies; the ChiComs themselves as the hands-on managers of their wrecked enterprises. In the near-term, the great cities and skyscrapers will go unfilled; the 10-lane highways shall remain untraveled. A billion people, newly wealthy will find that their condos are not sellable, that food is not available at almost any price and that their jobs were merely the extended froth of the most powerful central-banking bubble that the world has ever known.'

'Stefan Molyneux of Freedomain Radio interviewed by Jake Kettle on the prospects and possibilities of one world government, the Arab spring in the Middle East, the death of Europe and the end of the US dollar as a global reserve currency.' -- "Wrenching changes are coming."

'The Western mainstream media is filled with memes about civil society generally, and a major one of course is the relative superiority of the Western model of finance and literacy. But in Europe and America this can be seen nowadays as a questionable in our view, where up to 50 percent of certain portions of the population are out of work and dependent on shrinking government subsidies. The Western model is NOT in fact capitalist; it is statist – a statist model that is actually failing. The capitalist society is in fact something of a false front for the elite's accumulation of power. This is why we have called what the Anglo-American elite accomplished in the 20th century a Dreamtime. As Anglosphere elites see the credibility of their economic and cultural tools being questioned, they have returned, as before, to war. This is a repetitive phenomenon. Whenever the elites' program is challenged, the larger society suddenly begins to suffer from chaos and militarism.'

'The Arab Awakening is truly a regional if not global phenomenon. Of course, we have our own name for it: The Internet Reformation. The world will never be the same. The world's economy, when you come down to it, is a product of American military force. Use the dollar to buy oil or else ... But if the US and Saudi Arabia cannot control the spiraling disaster in Yemen, the next stop on the revolutionary train is Bahrain. And after that ... Saudi Arabia. And THIS time, events may not be easily salvageable. The Internet has educated the Arab world about its history. ...the elites chose to propagate a central banking economy in order to chase after world government, and now they are in danger of an eroding dollar reserve, which could eventually result in the creation of an entirely new (and uncontrollable) currency. Anyway, if Saudi Arabia falls, the dominoes may simply keep tumbling. Who pays any attention to funny little countries like Yemen anyway?'

'In 1971, the Anglosphere elites created the world's first fully fiat reserve currency – the US dollar – by instructing their Saudi surrogates to accept payment for oil only in dollars. Since this meant that every other country in the world had to hold dollars to purchase oil, the US could print as much money as it needed to fund whatever global adventures it wished to undertake. It used much of its windfall to further build out the military. Eventually, this money-printing capacity helped undermine – or at least provide the justification for the collapse of – the Soviet Union. Everything was going well for the elites in the late 20th century. Russia was westernizing, Israel's power was advancing and world government was gradually moving forward as well with the expansion of the West's various globalist instrumentalities. Even the dollar was holding steady. But then came the Internet. People know too much, or at least are beginning to learn. And they are angry.'

'The City of London has a big problem. Once you have fallen back on the immoveable rigor of brute force you have to make sure that people understand that you will not back down. Not now. Not ever. If people cannot be frightened into supporting one-world-government (the point of it all) by fear-based memes, then they must be panicked into supporting it via military power. They must be made to feel that they have no other choice. But what if the biggest war – the most important war of the past 100 years – is also the war that you are evidently and obviously LOSING? What then? Well, if you are the top honcho of the Pentagon or Hillary Clinton, you will do ANYTHING to make sure your pending defeat does not become common knowledge and tabloid fodder. No, you cannot admit it! No how, no way! It will lead to a chain reaction, or so you fear. If people begin to understand that the entire Western world HAS LOST ITS MOST IMPORTANT WAR TO A BUNCH OF GOAT-HERDERS AND POPPY GROWERS ... what then?'

'Dominant Social Theme: Supporting the glorious Arab Spring is important. -- There are five countries that we count as successfully destabilized by the West (America in particular). They are Afghanistan, Iraq, Tunisia, Egypt and the Ivory Coast. The money shows where the West wants to go. ...there is a sudden scramble to bankroll efforts to steer these destabilized countries in the "right" direction. This is the stated goal then – regulatory democracies not Islamic republics. It is a predictable dominant social theme. Destabilizations have taken place and the citizenry has been freed! We do not put it past Western elites to be playing an even more subtle game. It is possible that Saudi Arabia is supposed to be destabilized to usher in a non-dollar, global currency. It is possible that the creation of a string of Islamic republics is still the ultimate goal (the better to support the "war on terror"). It is even possible that general chaos and regional war is the preferable outcome.'

'Stefan Molyneux of Freedomain Radio on the television show Adam Versus the Man, talking about the emergence of a gold and silver currency in Utah, the financial disasters in Ireland, and the end of democracy as we know it.' -- Molyneux: "Democracy can only work with fiat currency and with debt. The reason for that is you can't bribe people with their own money while keeping a cut for yourself."

'The next big opportunity after investing in applications is in social upheavals and revolutions, said Union Square Venture’s Fred Wilson today. He said after the infrastructure of the Internet and the applications have been established, the next step is revolutions personified by Wikileaks, BitCoin, the Arab Spring, the hacking attack on PlayStation Network and other changes. Wilson said it’s unclear how investors can even participate or fund these ideas, but that’s where the Internet is moving now.'

'Free Range Empires and the End of Human Farming - Why freedom always leads to tyranny under statism.' -- "Citizens fund their own slaughterhouses. Just like cattle. Freedom = Wealth = War (Internal [Welfare State]/External [Warfare State]) = Collapse"

'...control, control and more control is the statist's answer to everything, as if statists had a clue how to manage things without running them to the ground like virtually all statists systems (that do not benefit from cheap oil or other vital resources) do eventually. Truth is we are in for a rough ride and few people will weather it well. And our leaders – would be rulers, in fact – don't want to admit it since they always want to reserve the right to restart the welfare state so they can continue to pretend to serve the public. But as I recently discovered Charles de Gaulle to have said, "In order to become the master, the politician poses as the servant." We all will be asked for sacrifices and to accept that those in charge of the public treasury are blameless; they were merely responding to their constituents and hadn't a chance to inform them of the facts of economic life, the plainest of them being that one just cannot get blood out of a turnip.'

'Today in the Middle East, either by stupidity or design, the Federal Reserve's perpetuation of the dollar and treasury debt Ponzi schemes is now dependent on the survival of a few dictatorial regimes staying in power in the Persian Gulf while surrounded by spreading freedom revolutions [initially foreign intelligence-engineered for regime change]. This is the most dangerous region in the world and the focal point for conflict between Iran and America, the freedom revolution and authoritarian regimes, Sunni and Shiite, Israel and the Arab world, vast oil resources and the oil needs of the West and China, and where the decision will be made to price oil in depreciating dollars or in other currency alternatives. Of all the conflicts and threats in the region, the question as to whether oil continues to be priced in dollars and the dollar remains the world's reserve currency for now and the risk of a US dollar and debt collapse are the greatest threats facing America and the West.'

'Hoppe: All states must begin small. That makes it easy for people to run away. Yet states are by nature aggressive, as I have already explained. They can externalize the cost of aggression onto others, i.e., hapless tax-payers. They don't like to see productive people run away and try to capture them by expanding their territory. Empire building also bears the seeds of its own destruction. The closer a state comes to the ultimate goal of world domination and one-world government, the less reason is there to maintain its internal liberalism and do instead what all states are inclined to do anyway, i.e., to crack down and increase their exploitation of whatever productive people are still left. Consequently, with no additional tributaries available and domestic productivity stagnating or falling, the Empire's internal policies of bread and circuses can no longer be maintained. Economic crisis hits, and an impending economic meltdown will stimulate decentralizing tendencies... '

'Today’s world has troubles unique to its time in history, from the global financial crisis to technological meltdowns to full scale, computerized global war. Observing the convergence of such events, contemporary prophets have begun to emerge from obscurity to suggest that these conditions might be signs of the demise of the modern world. These men are historians as well, using all manner of information and patterns from the past to provide context for where we are going. The men proposing these ideas are not crackpots living on the streets of New York; they are intelligent, learned men who come armed with the evidence to back up their claims.' -- POINTING FINGER IS POINTING AT GOVERNMENT: Collectivization/Infantilization: "We"; Subsidized/Wealthfarized Overpopulation; Debt Dollarization: Rigged/Over -priced Food, Rigged/Over -priced Oil, Rigged/Over -priced Energy technology investments; Polluted Water: Tragedy of the *at government gunpoint* Commons. PEAK GOVERNMENT is a meme.

"The State is a parasite that almost always ends up eating its host."

'Dominant Social Theme: Invest wisely and well. – Let's try to put this long-running power elite promotion into perspective. We don't agree with the LA Time's perspective (see article excerpt above). It's not nest-egg versus Social Security (which the US cannot afford, especially because there are no SS funds, only fancy IOUs). There is a third way, which is to get rid of central banking entirely and let tortured Western economies gradually deflate. As economies undistort without the endless goad of monetary stimulation, people would gradually begin to be self-sufficient again. Nuclear families would collapse and extended families would reappear; this is the logical solution to old age, not frantic investing leading to the selection of an old-age home where one is likely to be abused before dying. ...the dollar-reserve system died in 2008, along with the popular belief that one could count on "investing" for retirement. It was never a reality; it was fiction.'

"For the 'government', voters who can be bribed with other people's money are initially assets..."

'Too many people are starting to understand the grandiose and meretricious manipulation that has been created in the name of the modern Western economy. The Internet in particular is helping to show people other, less exploitative ways of creating economic progress (via real free markets and honest money). In fact, the current system carries within it the seeds of its own destruction. It destroys too much and leaves behind too much human wreckage. People grow increasingly angry and their anger is directed nowadays not at "bankers" or "tycoons" but at the system itself. This is what the power elite fears above all, but in our view it is too late to stop the increased knowledge of what is going on along with a realization of the correct targets. Eventually, Western economies will begin to stabilize, and when they do a new era may emerge, one based on the Invisible Hand rather than the merciless grip of the Anglosphere.'

'On the long trajectory we have the birth of modern empire, globalization, limited liability corporations and high-energy machines steam and then internal combustion. We are experiencing an Entropic Financial Breakdown. This breakdown is a subset of the trends started in the 1600's. The police state trajectory is in competition with the breakdown trajectory.'

'Dominant Social Theme: Find a job, invest, save and then retire. -- The unraveling of American prosperity has to be regarded as the single most significant event that most American citizens young or old will face in their lifetime. In Europe, the comfortable myths about socialism have given way to the harsh realities of modern austerity. Meanwhile, the American Dream is unraveling "across the pond." The idea that municipalities would be able to continue to provide an endless array of upscale social and professional services – education, housing, civil services – is being exposed as a chimera. The whole issue of money creation was off-limits in the 20th century (how long ago that seems) and the result was a mythos that people grew up believing regarding their "prosperity" because they had no way of determining the truth. The Internet has provided an unexpected education. Elite media continue to play the beguiling tunes of 20th century Dreamtime, but for many the music has stopped.'

'...we doubted our reaction to the news, so we went trolling the ‘Net to see if anyone shared our instinctive reaction that this was overwhelmingly bad news for the euro. Here's one comment we found: "Wait... have I just slipped into a parallel universe? Is this some sort of early April's fools joke? Doesn't this defeat the entire point of a single currency and the ECB? Were the rules changed on the quiet without anyone noticing? Greece.... Greece are going to go f***ing apesh!t. They were forced to go begging to the IMF.... when the Greek people find out the [Irish] central bank is allowed to just print money, they are going to riot and demand tax cuts and benefits rising and massive spending. The Germans... well the Germans are just going to totally lose it. They've been told they should pay higher taxes to help the PIIGS, now they are being told the PIIGS can prints EUROS at will? It's impossible to overstate the importance of this... this is it... game over." The bell tolls.'

'What will happen when food disruptions occur, the currency collapses or social chaos breaks out in U.S. cities? This video answers that question by revealing how everyday people can transform into crazed animals who trample other human beings in order to get what they want. A shocking video that reveals a part of human nature that society tries to keep caged.'

'Is the continued authoritarianism of the elite as regards its failing memes actually a dominant social theme of itself – a promotion that constitutes one side of a new dialectic? Seen from this perspective, one side is the (deliberately imposed) failure of nation-states economically, militarily and politically; on the other side is hypothetically a vision-in-the-making of a more trusting global world order – one of transparency and resolute reasonableness (perhaps led by a Julian Assange-type movement). If over time this observation proves out, it will mark a decisive shift in elite tactics, as we do not believe that such a dialectic was contemplated even a decade ago. The elite does adapt to circumstances... Alternatively, as we have suggested above, there is no further strategy, only the continued unraveling of elite memes, an increased reliance on authoritarianism to invoke more centralized world governance and, as a result, an increasingly pathological dysfunction.'

'Like Paul Krugman, Ben Bernanke also believes – and this is why his voice cracks and his lips quiver when he speaks "confidently" of the Fed’s policies – that hedging against what would be pretty much instantaneous chaos here in America (if all support was withdrawn from the system, no matter how problematic such support is over the long term) through the infusion of trillions of fiat dollars into the economy is the only possible path to follow. (As for the growing austerity-driven crisis in Europe, we’ll just have to wait and see. I mean if war breaks out, it won’t be fought in our streets, right Mr. Chairman?) -- I am a nominal man living in a real world. In the real world, austerity and poverty hasten the arrival of civil strife. In the real world, real hunger and real suffering leads inevitably to the rise of radical and violent political and social movements. War will come. War is the health of the state, but only if the war is fought somewhere else, correct? ' -- Collapse.

'The inner processes of statecraft have never been so completely exposed as they have been in the last week. The mythology of power – that leaders are somehow more substantial, their concerns more elevated and lofty than us mere mortals, who must not question their motives – that mythology has been definitively busted. ...the failures of Wikileaks provide the blueprint for the systems which will follow it, and which will permanently leave the state and its actors neutered. Everything is different now. Everything feels more authentic. We can choose to embrace this authenticity, and use it to construct a new system of relations, one which does not rely on secrets and lies. A week ago that would have sounded utopian, now it’s just facing facts. I’m hopeful. For the first time in my life I see the possibility for change on a scale beyond the personal. Assange has brought out the radical hiding inside me, the one always afraid to show his face. I think I’m not alone.'

'Why are the neocons going insane with bloodlust? It's not about the past - it's about the future...' -- Bank of America balance sheet implosion scenario

blah, blah, blah, blah, blah, "The nation state is becoming much more cosmetic." blah, blah, blah, blah, blah...

'Is there a recovery? Do you feel it, dear reader? Deep down in 'dem bones? We don't. We've explained the reasons why in dozens of articles: The fiat meltdown of 2008 was a meltdown of MONEY caused by the Internet's ability to expose the truth of a fraudulent central banking controlled monetary system and the power elite who benefit from the process of wealth redistribution. It was not caused by "faulty" economies specifically. It is the system itself that collapsed and at the base of it all is the myth of the mighty US dollar. What "melted down" in 2008, as we've long observed, was a 100-year-old central banking system. The mainstream Anglo-American media won't comment on this of course. We're still reading articles attributing the meltdown to the removal of Glass-Steagal or the mispricing of sub-prime mortgages. No, the same thing happened in 2008 that happened in 1929. The system collapsed. But this is the mother-of-all-collapses. It is the Big Bang of Black Swan events.'

Who will build the roads?!?!

"Government" doesn't exist.

'Britain says it's ready to help debt-hit Ireland with billions of pounds of direct loans. At a meeting of European finance ministers, Chancellor George Osborne said it's in the UK's interest to support its closest neighbour. The meeting comes amid fresh market turmoil and fears some smaller economies like Portugal and Ireland are unable to service their massive debts. The E.U. President warned the Eurozone is actually facing a fight to survive. Trend forecaster Gerald Celente says the euro has been put to its greatest test ever.'

'Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments. Selling lead as gold, shit as Chanel No. 5, was the essence of the booming international fraud scheme that created most all of these now-failing home mortgages.' -- And all because a central bank was price-fixing interest rates to make politicians' promises look vaguely plausible. Symptoms vs Cause. The pointing finger is pointing at "government".

'Dominant Social Theme: Don't look at the man behind the drawn curtain. There. The one looking miserable. He's just been served. If the exposure and resultant litigation cannot be controlled, the entire mess that is the West's current and rapidly eroding fiat-money system might simply collapse. We're not making a prediction, merely pointing out a possibility. On the other hand, we have noticed when it comes to power elite promotions that investigations tend to move slowly and all but the most serious fiat-money catastrophes tend to be in some sense averted. What does happen over time is that the system erodes as people simply lose faith in it and logic divorces from emotion. But because the elite essentially CONTROLS the system—all parts of it from the judiciary to the legislative and even the executive, both in the US and Europe, the ability to challenge elite sociopolitical and economic structures is always constrained. As a result, we're not sure of how fast the unraveling happens.'

"When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed." -- Ayn Rand

Pay-walled. Recommended. -- When a pyramid scheme nears its inevitable end... "...the public insist on being handed the empty bag because they think they're going to make money, they want in on the game, everyone else has been making money, they feel left out so they insist on buying these things at the peak, and they are the ones who lose everything."

'The 20th century was a true Dreamtime. People were convinced by the dominant social themes of the power elite that government was going to take care of them. Some people became teachers and put up with the increasingly ludicrous rules imposed by unions and the political correctness demanded by peers. Others became police officers and kept silent while their brethren-in-blue became increasingly cynical and violent. Still others worked for the state and turned a blind eye to the corruption and payoffs that went on all around them. People worked in non-profits and soon realized that much of the money that was supposed to go to needy clients never got there. People worked in finance and accounting and soon realized that most of their efforts involved increasingly useless record-keeping for an ever-expanding authoritarian state. The elites spun magical fantasies that people, not knowing any better, inhaled ecstatically. But Western Dreamtime was never about delivering anything.'

'...the ultimate commodity in which to invest is not gold or shotgun shells but people you can trust.'

Proposal: Using "government" to force trade tariffs to fund investment in alternative energy in advance of currency being rejected by existing energy producers. -- Reaction: That's the most desperate measure possible: desperate in morality (though given the current lows, it's not surprising such a proposal seems vaguely plausible) and desperate in practicality: that "government" is suddenly going to start working on behalf of its captured slaves. Even if "government" acts, it will only be to enslave more slaves. But since the root of this global collapse is a manifested realization that slavery doesn't work, what would compel members of "the government" to stay around and suffer the consequences? How does "government" force create alternative energy? The only man-on-man force that has ever created energy is by the direct manual labour of slaves under threat of the whip. "Government" produces nothing but destruction. The harsh reality is harsh and real. "Government" is not an answer.

'The ruination of the Chinese economy will likely end the horrible communist experiment that the Anglo-American axis helped inflict on the long-suffering Chinese. The vicious ChiComs and their oppressive system are only tolerated today because they have managed to create a good deal of "wealth' of late. But when it evaporates, the poor Chinese who have been buying empty flats in unpopulated cities as "investments" won't know what hit them. It is obvious the Anglo-American axis has been patiently tutoring the Chinese. The ChiComs and the Anglo-American elite think alike. They are brethren. Intertwined. It is perhaps a kind of love-hate relationship. If the West unravels any more rapidly or ruinously, it can take China down with it. Likewise, when China falls, (and it will) the crash will resound worldwide. The Chinese crash, when it occurs, will be truly resonant, like Ulysses impaling of Polyphemous' single Cyclopean eye.'

'The elite seems to be betting on the IMF being able to introduce some of sort of worldwide SDR/bancor paper gold currency system that would effectively reconfigure the IMF as a global central bank. In order for this work, however, the Anglo-American elite needs to keep control of the IMF and there are many nations in the world whose leaders remain either angry or uncomfortable with the IMF's previous arrogance... The IMF's noxious approach to necessary "austerity" for client countries includes tax hikes, cuts in social programs and "privatization" of national assets that are often purchased by Anglo-American corporations at very low prices. The IMF recipe is usually a middle-class killer. The population at large ends up suffering for the greed of the elite, which often flees with the billions that the country's citizens are then compelled to pay back to international banks. We are not at all sure that the IMF has sufficient authority to create a new international financial system.'