Collapse is coming, what's the answer?

Progressive iterations of Critical Thinking's analysis have exposed the flaws and instabilities in the political economy and Daily Pickings has often pointed to the signs of, and reasons for, imminent collapse. That these have been ignored hitherto is not surprising; those with a vested interest in manintaining the status quo (many see this as how to protect themselves, their families, communities and companies) practice willful blindness because to acknowledge or explore the deep issues is to expose oneself to ridicule, opprobrium or worse. But now, those who have an inking of how the system works are coming out publicly to declare what has been apparent for some years. Collapse is coming.

World’s Financial System is the ‘Most Stretched Since 2008’, Warns OECD Economist by Ambrose Evans-Pritchard
The world financial system is as dangerously stretched today as it was at the peak of the last bubble but this time the authorities are caught in a ‘policy trap’ with few defences left, a veteran central banker has warned.
Nine years of emergency money has had a string of perverse effects and lured emerging markets into debt dependency, without addressing the structural causes of the global disorder.

Tell us something we didn't know! Many have been warning of the perverse effects of central banking "intervention" for years. Richard Werner's Princes of the Yen exposes how central banks impose financial repression to bring about structural "adjustment", a euphemism for banksters stealing all the real assets through the Shock Doctrine. Boom and bust is orchestrated by central and global banks operating under the auspices of the privately owned Bank of International Settlements in Basel. The signal for the coming collapse was Janet Yelland stepping down from the FED to give a "hospital pass" to the incoming Gentile "pigeon".

Having stepped down, she's now calling "time" on the global economy.

Another clue to the upcoming bloodbath – Outgoing Fed Chair, Janet Yellen, questions asset bubbles
First, we had Bonesman and US Treasury Secretary, Steve Mnuchin talking down the US dollar. Then we had Alan Greenspan, the former USFed Chair who deftly guided last decade’s well-scripted collapse, talking of asset bubbles. Now, we can add Janet Yellen to the lengthening list of puppets who are carrying out their scripted talking points to accelerate this growing manufactured “crisis” timeline.

Collapse is no longer a bone of contention, it's on its way and the banksters are preparing the ground to fleece the fallen, yet again. If we don't get that the world is ruled by criminals by now, we have only ourselves to blame. We've allowed and supported this by abdicating responsibility to others who, in turn, have been corrupted by greed, sex and fear.

What's to be done? There is only one way out of this. To reject corrupt authority. Irrespective of the motivation of individuals within the system, they will never "do the right thing". If we believe in this system, we have no idea of the problem. But there is a solution and it starts with us. We need to take responsibility for ourselves and each other, because the sharing economy is not a Utopian fantasy.

Comments   

 
0 #3 James Walter 2018-02-05 19:15
Quoting Clive Menzies :

Hi Jimmy, maybe, although many are too invested in the game to believe the music must inevitably stop.

I wouldn't bank on the £100K deposit remaining inviolate either.

Confiscation of gold and other assets is also not beyond possibility.

Few remain who've lived through a real depression.


They are all sociopaths and do not live in the real world
 
 
0 #2 Clive Menzies 2018-02-05 16:10
Quoting James Walter:

William White: "Our macroeconomic ammunition to fight downturns is essentially all used up...It will become obvious in the next recession that many ... debts will never be serviced or repaid...Europe's creditors are likely to face some of the biggest haircuts...European banks have already admitted to $1 trillion of non-performing loans...new "bail-in" rules mean that any deposit holder above the guarantee of €100,000 will have to help pay for"
That last phrase is a possible lever for us. Do the people with over €100k know this? Can they be reached? Seems they would have a powerful interest in listening to us.

Hi Jimmy, maybe, although many are too invested in the game to believe the music must inevitably stop.

I wouldn't bank on the £100K deposit remaining inviolate either.

Confiscation of gold and other assets is also not beyond possibility.

Few remain who've lived through a real depression.
 
 
0 #1 James Walter 2018-02-05 13:06
"How the Banks ignored the lesson of the crash"
https://www.theguardian.com/business/2015/sep/30/how-the-banks-ignored-lessons-of-crash
William White: "Our macroeconomic ammunition to fight downturns is essentially all used up...It will become obvious in the next recession that many ... debts will never be serviced or repaid...Europe 's creditors are likely to face some of the biggest haircuts...Euro pean banks have already admitted to $1 trillion of non-performing loans...new "bail-in" rules mean that any deposit holder above the guarantee of €100,000 will have to help pay for"
That last phrase is a possible lever for us. Do the people with over €100k know this? Can they be reached? Seems they would have a powerful interest in listening to us.
 

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