U.S. on Brink of Catastrophic Collapse

[Aaron]

Waking People Up And Getting Them To Realize That The American Dream Is Quickly Becom

The United Nations Declares War On The U.S. Dollar And Publicly Calls For The Establishment Of A New World Currency

Ash posted that here:
http://www.energeticforum.com/genera...-currency.html

[sucahyo]

This is a very good reason for anyone in US to become grid free and fuel free. Hopefully the internet in US still alive when US economy do collapse.

Buy solar cell now, make Bedini charger to charge the battery array or something...before the price go sky rocket or things become hard to get.

[rickoff]

I was watching a speech on cspan by the Gov of New Jersey and
he was mentioning that the state pension plans are either over 50% or
75% of the state budget - is that possible it is that much?

California is going bankrupt and the state pensions are a large part of
this problem.

This is the case in every state as far as I know and is a HUGE contributor
to the economic instability across the country and this issue isn't in the
limelight enough I think.

State pensions are facing a $2.5 trillion shortfall, and this is up from $2 trillion in 2009. With so many baby boomers retiring, this situation will only get worse. The pensions are promised payments, so they have to be paid, and in order to do that the states will find that they either have to make major cuts in services and programs, or will be defaulting on debt obligations such as municipal bonds. I posted a warning months ago that anyone holding municipal bonds should dump them in all due haste, and I'm saying it again. Many people favor municipal bonds because of their tax advantages, and historically they have been a relatively safe investment. Not any more. With the current outlook, nothing is really safe - especially any asset that is valued in US dollars. The US dollar has been losing value against every other currency, and not just major currencies such as the Euro and British pound. The dollar is even losing value against the Mexican peso and the Philippine peso.

With the US Treasury and Federal Reserve working in concert to destroy the dollar, this is no time for Congress to be wasting efforts on less serious matters. The first matter of priority for Congress should be to audit and end the Fed, declare it unconstitutional, declare all debt notes held by the Fed as being illegal and non-binding, and then seize all assets that the Fed has accumulated since its inception. It's the only logical and reasonable way out of this mess our country is in, but will Congress step up, do what's necessary, and rid us of this evil? Quite frankly, I doubt it. I'll demand it of my representatives, as we all should, but I won't hold my breath in anticipation that they will follow through. It's fine to hope for the best, but at the same time let us not delay in planning for the worst, which in all likelihood is yet to come.

Rick

[kcarring]

Well, from Canada, as I see it ... The fed, and an audit, hmmm...

Geithner answers to Obama, I mean, Bernanke... who worked for Kissinger again? then the U.S. Treasury Department in 1988 - an attaché at the Embassy of the United States in Tokyo? Wasn't he president of the Federal Reserve Bank of New York? He arranged the rescue and sale of Bear Stearns? In the same year, he played a supporting role to Henry Paulson, former CEO of Goldman Sachs, in the decision to bail out AIG just two days after deciding not to rescue Lehman Brothers from bankruptcy? Or was that Obama...? I'm sorry I'm from Canada...

Wasn't it was revealed that Geithner had not paid $35,000 in self-employment taxes for the years 2001–2004? Then appointment by a vote - sworn in as Treasury Secretary? Didn't he state that the new administration believed China was "manipulating" its currency and that the Obama administration would act "aggressively" using "all the diplomatic avenues" to change China's currency practices - yet recently ... didn't he state

"We believe it is in China’s interest to allow the currency to appreciate more rapidly in response to market forces. And we believe China will do so because the alternative would be too costly – for China and for China’s relations with the rest of the world. China’s objectives are focused on the following areas:
* China wants more access to U.S. high technology products. * China to take greater advantage of investment opportunities in the United States. * China would like to be accorded the same terms of access that market economies enjoy."

Did they fix their money and he didn't tell us about it?

Who is President of The United States of America, Obama, Timothy, or Ben?

I've forgotten.

[ImBill]

All I need to keep my body alive is a place to sleep, some food to eat, water to drink, and some air to breath. Everything else is superfluous. If I can't get these things to keep my body alive, I know I'll be just fine anyway. It will no doubt be very interesting to see what happens, but I'm going to do my best to maintain a positive outlook. I had everything I owned in a backpack at one time in my life and was pretty darn happy. It would be a little tougher now, but still manageable I think. May have to get a shopping cart, too, as it would be hard to whittle things down these days.

Anybody know how much a Mandarin Rosetta Stone course is?

[kcarring]

May have to get a shopping cart, too, as it would be hard to whittle things down these days.

Make that a Bedini driven shopping cart with some extra bats getting a charge on the lower rack

[wayne.ct]

Wayne for President, thats my idea lol. I agree, i would much rather see spending radically cut, and our troops brought back home instead of never ending stimulus packages... I realize we have iran surrounded for a reason but we should only keep a skeleton crew over there. People need money? well cut taxes and cut spending so they can keep more of the money they do have and reinvest it. I guess that makes too much sense though... Americans need jobs? bring manufacturing back to america allow us to become creators instead of consumers as we were once before. Sure it sounds easy to say and doing it would be much more complex but desperate times call for desperate measures. Where there is a will there is a way, i think we once used to live by that standard.

I'm counting on your vote. I think that is the correct response.
Seriously, My personality is rather introvert. I love to spout off in semi-anonymity. I do think we know what has to be done.

[wayne.ct]

I do care about this country. I LOVE it!

I agree they should jail the crooks in DC, from the banks, etc...

...

I think one of the single biggest things that needs to be done is to abolish
the Federal Reserve and give the money making business back to congress.

All politics is local. Everyone needs to get involved at the local level. AND do the right thing. Too much corruption and too much easy money. (greasing the palms.) Ethics, ethics, ethics. I fully intend to do my part. Everyone do the same...

Regarding Congress and the Fed, Ron Paul is saying the right WORDS. Who is supporting him? Are you serious? One person can only do so much without flanking support.

[noises]

FDL Book Salon: The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America–and Spawned a Global Crisis | Book Salon

This book may be of interest to anyone who wonders where all the confidence in US currency went. Check Wall Street's pockets and wallets for your motive and your evidence.

[aljhoa]

So it sounds like the bank has worked for ND to increase the amount of
funds available.

I read that there are jobs being created there - but of course can't confirm
that.

Anyway, doesn't ND have an initiative process like Washington? Seems
there are plenty of ways to get the voters to petition the state to pass
bills to have the money spent in such and such way - tax credits, etc...
whatever.

All I know is the possibility is there to create something out of all that
surplus cash that benefits the residents of ND.

The North Dakota state-run bank was established in my perspective as the testing grounds used as a trial run of fractional reserve banking at the state level.

Is North Dakota having a budget crunch? No, they have created debt revenue at a guaranteed profit for themselves out of thin air, and placed it on the backs of its population. They are now the first test model in line for the next intended future bubble debt bomb that will finalize the grandest of all thefts.

How are the local governments baited into this scheme? Greed. How is the population baited? Through the 1st line buttering the bread and dangling it in front of the 2nd line of the population, all reinforced by the self-created desperation of a population masterfully directed to be eager to comply.
CAFR1 on State Run Banks - In Reply to Ellen Browns article of 09/10/10
Al

[noises]

How much more are you going to take?

[Mad Scientist]

At least the author of that article realizes that there is a problem which is a good first step but then he falls into the old left / right argument. Either not realizing or not wanting to admit that both parties caused the current mess.


A central bank that is run by a state or the federal government is not necessarily a bad idea. If managed correctly it could be a stabilizing factor for the economy and unlike the FRB if those in control get out of control they can be voted out of office.

[noises]

then he falls into the old left / right argument...

Ah, duality. In all it's forms. Always does the same thing though, divides our perception of the indivisible, and thereby perpetuates suffering. I'm glad you brought it up though, in this case and in this context of political the left and right.

As soon as you start to wonder "which end of the political spectrum will bring about the changes I'd like to see in the banking sector," it becomes obvious your choice, no matter which side you pick, result in the same undesirable outcomes.

I'm so glad that more and more people are seeing that the two options presented to most democracies represent the same set of interests, and those are not the necessarily in synch with the best interests of the people of whatever country you happen to be talking about. With a two party, or two parties and a weak third party that'll never really be the political equal to the other two parties democratic system, what you really have is a bankocracy. There, I said it.

That's my problem with the notion of money being equal to political power. The kind of people motivated to amass great wealth for themselves are seldom the kind of person I'd want in charge of, say, my country's fiscal or medical policies. If they ran my country's 'defence' policies (and spending,) that'd be downright frightening. The problem is, that's what's happening. Everywhere. It's not just the US on the brink of collapse. Egypt, Tunisia, Iran, Jordan... countries all over the middle east are going up in flames as the people pull down and stamp out corrupt, greedy and dispicably violent power structures.

Maybe we got the 2012 prophecy backwards. Look at the changes in the world. Looks at what's dieing, what's falling to pieces, what's being destroyed. Then think of the cycle of birth, growth, death, decay, gestation. Then look again at the death and decay (of political structures, financial institutions, even ideologies,) in the world in 2011. Then reflect about where that puts us in the great cycle of life and death. The world won't end in 2012, it'll be reborn.

[Vortex]

curious information

Along the lines of what our current education / social / cultural systems
have done to us and to add a bit more additional comprehension
of what the bigger picture looks like see Divergent Thinking.
The above link shows that some how we have been programmed
to "think-inside-the-box" .. explains what is divergent thinking and
do watch the video at the bottom of the web page.



randy

[noises]

Guess the breakdown of the US is relative. If you used to own a home, but got foreclosed on, then lost your job, and are trying not to freeze to death on the streets, America's already pretty broken down in your eyes. If you're a corporation, or happen to run one, I'll bet you think America's just going great.

above graph shows the comparative share of tax revenue from three sources over the years. private individuals (who shouldn't even be taxed,) payroll tax and corporate tax. And look at who's been getting it easier and easier.

THOSE PESKY COMMUNIST CEO's ARE RUINING AMERICA!!! Oh wait.. they're capitalists.