I am truly amazed how people do not have a clue that their way of life, especially here in North America, is quite possibly about to change very soon. To help explain that a full economic collapse is coming very soon, I want to turn to an important article that I came across today, from the website: The Economic Collapse, at www.theeconomiccollapseblog.co,, entitled: "11 Signs That Time Is Quickly Running Out For The Global Financial System". I have that entire article right here for everyone to view for themselves, and as usual, my own thoughts and comments to follow:
11 Signs That Time Is Quickly Running Out For The Global Financial System
The consensus? The world economy has entered a final countdown with three months left, and investors should pencil in a collapse in either August or September.
Citing a theory he has been espousing since 2010 that predicts "a future lack of policy flexibility from the monetary and fiscal side," Jim Reid, a strategist at Deutsche Bank, wrote a note Tuesday that gloated "it feels like Europe has proved us right."
"The U.S. has the ability to disprove the universal nature of our theory," Reid wrote, but "if this U.S. cycle is of completely average length as seen using the last 158 years of history (33 cycles), then the next recession should start by the end of August."
In that month a German court makes a ruling that could neuter the new euro zone rescue fund, the anti-bailout Dutch vote in elections just as Greece tries to renegotiate its financial lifeline, and decisions need to be made on whether taxpayers suffer huge losses on state loans to Athens.
On top of that, the euro zone has to figure out how to help its next wobbling dominoes, Spain and Italy - or what do if one or both were to topple.
"For two years we've been pumping up the life raft, taking decisions that fill it with just enough air to keep it afloat even though it has a leak," the diplomat said. "But now the leak has got so big that we can't pump air into the raft quickly enough to keep it afloat."
Needless to say, I will be advocating 1933 monetary stimulus à l'outrance, or trillions of asset purchases through old fashioned open-market operations through the quantity of money effect (NOT INTEREST RATE 'CREDITISM') to avert deflation – and continue doing so until nominal GDP is restored to its trend line, at which point the stimulus can be withdrawn again.
NTS Notes: We have all heard that of the financial crisis that occurred back in 2008, and I can say that we have never "recovered" from that crisis, and are still in extreme trouble today.
I must repeat that throughout history, any nation that has adopted the Jewish Usury debt based monetary system has always collapsed. That is exactly the situation that is happening today, and with the entire planet subjugated to that criminal Usury system, we are looking at a world wide collapse coming very soon.
Many will be asking... "What can be done to fix the situation?" I will say what has to be said right here... The situation is beyond "fixing" and the solution is to say "screw it" to paying the debt, let the entire corrupt Jewish Usury debt based economic system collapse, arrest those responsible for the collapse and the mess in the first place, and forever ban the criminals responsible from reestablishing any foothold in the financial system. Once the fallout from that collapse is cleared up, we can then start all over again with a system NOT based on the criminal Jewish Usury debt system, but based on a debt free monetary system. The alternative is to watch the same corrupt system be put back into place and have the world back in the same mess within a few decades...
Very dangerous times are rapidly approaching, and we must be ready for the upheaval that will certainly change our lives forever. Again, I can see this happening as early as this autumn... So be prepared!
More to come