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Underworld

The Collapse of the American Economy Has Begun

by Dave Hodges thecommonsenseshow.com

Susan Duclos  and Stefan Stanford recently interviewed “V” the Guerrilla Economist and the following information was revealed in this landmark interview:

The process of undermining the US dollar is well on schedule as well; more than 105 countries have decided that the dollar no longer works for them, joining Russia, China and other BRICS nations in leaving the dollar as the entire world comes to the realization that America’s leaders are insane. Their recklessness and evil ways have left tremendous shame upon our nation. Though there has been much manipulation and propping up, but that is only setting us up for the inevitable massive crash.

“V” begins by updating us on recent information that he has received from his 4-Star General source and warns that events are still on schedule, a schedule that he previously warned would leave the US dollar ‘undermined’ by 2015 and the US ceasing to exist as a nation by 2017“.

The interview can be accessed through the following link. I highly recommend listening to this interview.

 

 

On the surface, these claims appear to border on hysteria. However, as history has proven, time and time again, that Susan Duclos, Stefan Stanford and “V” are to always be taken seriously when revealing controversial information.

Subsequently, I proceeded to find confirming, or disconfirming evidence, that these claims are accurate and should taken seriously by all Americans. Both the direct and ancillary evidence serves as overwhelming in support of V’s claims and Susan’s reporting.

Halfway to Economic Armageddon

“V’s” claims notwithstanding, the American economy is already in severe danger as we consider the following facts.

There are 35 states in this country in which it is better to accept welfare than work at an entry level job. Much like crack cocaine or heroin addicts, much of our nation is hopelessly addicted to living in the welfare state or on unsustainable levels of credit.

welfare by state

From a micro perspective, the personal economic health of America is abysmal. According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”. Stunningly, more than 100 million Americans are enrolled in at least one welfare program run by the federal government, not including the massive entitlement programs of Social Security or Medicare. The number of people on food stamps has grown to 47.79 million Americans. In 2008, when Obama first took office, only 32 million Americans were on food stamps. Approximately, 20.2 million Americans spend more than half of their incomes on housing, which represents a 46% increase from 2001. Parents under the age of 30 experience poverty rates consisting of 37 percent. The number of Americans living in poverty has grown to one out of every six US citizens.

The above information could be considered to be the good news. What follows is grim.

 

Watch the Credit Swap Derivatives

In the United States, credit swap derivatives created national debt totals of over one quadrillion dollars. That is one thousand trillion dollars! The entire GDP of the planet is estimated at $66 trillion dollars. And somehow, in the infinite wisdom of Congress in 2008, we falsely and naively believed that a $750 billion transfer of wealth (i.e., Bailout #1) was magically going to save the economy and the collective futures of the American middle class. Please let me repeat that the most conservative estimate is that the derivatives debt is 10 times greater than the GDP of the entire world. Most economists estimate the number to be 16 times greater that the GDP of the planet!    

In short, the debt created by futures speculation is approximately 10-16 times greater than the sum total of the entire wealth on the planet! It would not matter if the debt was only two times the GDP of the planet, we do not have the capacity to pay down this debt. The interest on the debt is growing faster than the rise in national revenue. And we think we are going to climb out of this? Let’s take a moment and discuss the derivatives debt. 

Five of the “too big to fail” banks in the United States that have more than 40 trillion dollars in exposure to derivatives. The national debt is sitting at a grand total of almost 18 trillion dollars. The sum of 40 trillion dollars is almost unfathomable.

Credit swap derivatives trading is not too different from betting on baseball or football games. It is gambling, it is a Ponzi scheme and Wall Street bankers should be in jail. However, this is the new economic landscape of America. The name of the game is the “Last American Garage Sale” where these bankers are positioning to steal all the assets possible before the collapse.

 

credit swaps

 

Please note that under the category, in the above illustration, “Widgets “R” US Corp“, the banks loan the money. In other words, if this Ponzi scheme fails, the banks which underwrite and guarantee the entire process, will eventually fail!

The credit swap derivatives are bad enough, but when we carry over the economic implications to the health of the banking system, the banks are bordering on total collapse along with all of your saved earnings.

 

Most Americans Think That Their Deposits Are Safe

Some readers have written to me and have dutifully reminded me that the FDIC is at their bank standing guard over their deposits. How woefully and depressingly ignorant is that statement?

The FDIC does not have the money to cover your deposits as it has only $25 billion in its deposit insurance fund. By law, the FDIC is required to keep a balance equivalent to only 1.15% of insured deposits on hand. Yes, America, that means that less than 2% of your deposits are covered.

Others have pointed out to me that the Dodd-Frank Act (Section 716) now bans taxpayer bailouts of most speculative derivatives activities. You remember the derivatives don’t you? They were the imaginary wealth that was built upon more imaginary wealth but were guaranteed with hard assets backed by the banks. When this house of cards collapsed, it pulled the banks down and led to the series of bailouts which has devastated our economy.


Therefore, when your bank defaults, and it will, the depositors as well as the banks will turn to the FDIC for relief. The FDIC will have no choice but to draw upon its credit line in order to cover a BofA, Wells Fargo and JP Morgan derivatives bust which has been co-mingled with savings account funds. The resulting effect is that this will require a taxpayer bailout to cover the credit line.This will negate the safety from the bailouts that the public thought that they were receiving under the Dodd-Franks bill of no more bailouts.

What very few people are talking about, and as is the case with all credit lines, this money will have to be paid back. Therefore, the coming default of the FDIC, used to cover the derivatives debt, will become the excuse for another taxpayer bailout. And on and on it goes.

BANKSTERS A
When the last instrument has been looted and then deflated, where do you think that will leave you and your computerized digits that represent the bulk of your self-built financial empire? All of your life, most of you have worked for banker backed interest in some capacity and now, these banksters are stealing back the pittance they paid you in the first place. Where’s Karl Marx when you need him? Bank depositors of the world, unite!

More Bad News

With the banks in debt to the tune of $40 trillion dollars, the pension system is also at risk because the banks and their related financial investment firms underwrote the Credit Swap Derivatives. Moody’s warns in its latest report on the state of public pension systems. As Bloomberg reports, “The 25 biggest systems by assets averaged a 7.45% return from 2004 to 2013, but liabilities tripled over the same period leaving them facing a $2 trillion shortfall as investment returns can’t keep up with ballooning obligations”. The top 25 funds account for 40% of the entire US public pension system. Bloomberg further reports that “The 25 largest U.S. public pensions face about $2 trillion in unfunded liabilities, showing that investment returns can’t keep up with ballooning obligations”, according to Moody’s Investors Service. Americans will be working until they drop dead because, very soon, there will be no such thing as a pension. Very soon, most of these Americans will not have any job to go to.

When this house of cards comes crashing down, how do you think the government will deal with the situation? If you have not listened to V’s interview, I would suggest you do so now.

 

When Will the Economic Collapse Happen?

The collapse has already started. With 105 nations running from the U.S. dollar as a reserve currency, there is nothing left to back up the dollar. Our currency will hyper-inflate and America’s economy will make the crash of the Weimar Republic look like a picnic.

A German woman in the 1923 Weimar Republic purchasing a loaf of bread. This time is almost upon the American people.

Certainly, even the most ardent sheep understand what the economic collapse of the Weimar Republic led to. What makes us think things are going to be any different?

The crash of the Weimar Republic led to this.

Conclusion

Why did George H.W. Bush build a 100,000 acre ranch in Paraguay? Why is NORTHCOM, a combat organization, engaging in continuing the nonstop urban riot control training? Why are UN military vehicles on our soil? Why did FEMA and DHS schedule 10 disaster drills between September 25th and November 13th? Why are former FEMA and DHS agents, as well as many bankers going into hiding in prepared communities?

Are we to believe that all of these factors are unrelated? It is looking more and more like the bail-out money, which was no more than the private theft of public money, is actually doing what the name implies, it is bailing out corporate executives in advance of the coming crash. America is being forced to fund the getaway gifts for those that have stolen so much from the American people!

america burningFactor in the coming Ebola outbreak and the possibility of an EMP attack, the misery factor immediately and exponentially compounds. The American economy is on fire and the only remnants of what once was is a few hollowed out and charred structures.

Once they have our hard assets,the absolute and final crash and burn of the economy will occur and it will be anarchy inthe streets. And more of V’s dire predictions, regarding a post-collapse America will undoubtedly come to pass.

 

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Underworld

Yes, fear is the power of control

“… The young devil to the old:

– How did you manage to send so many souls to hell?

Old devil:

– Through fear!

Young:

– Well done! And what were they afraid of? Wars? Hunger?

Old:

– No … Disease!

Young:

– They weren’t sick? Weren’t they dying? Wasn’t there a medicine?

Old:

-….. got sick. They died. There was a cure …

Young:

– I do not understand…

Old:

– We accidentally decided that the only thing that needs to be preserved at any cost is LIFE !!!

They stopped hugging … They stopped greeting each other !!! They left all human contact …. They left everything that made a person human!

They were left without money. They lost their jobs.

But they chose to fear for their lives, even if they didn’t have bread to eat.

They believed what they heard, read the newspapers and blindly believed everything they read.

They gave up freedom.

They never left the house again. They never went anywhere. We never visited friends and family again. The whole world has turned into a huge prison with convicts – volunteers.

They accepted everything !!! All this to live another miserable day …

They didn’t live, they died every day!

It was too easy to take their pitiful soul … “

Clive Lewis “Letters from a Senior to a Junior Devil”.

From the book “Balamut’s Letters” (1941)

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Underworld

Havana Syndrome again? CIA officers are mowed down by a mysterious disease

A CIA officer in Moscow experienced symptoms of the so-called “Havana syndrome” in 2017. This became known to The New York Times with reference to sources in diplomatic circles.

CIA officer Mark Polimepulos, who helped lead covert operations in Russia and Europe, complained about the manifestation of mysterious symptoms. According to the newspaper, in December 2017, he felt severe dizziness, which later developed into a prolonged migraine, forcing him to retire. At that time, Polymerpoulos was 48 years old.

It is noted that such a case was not the only one. Similar symptoms were experienced by the staff of the American ambassadors in Cuba and China in 2016-2018. However, the exact number of cases and the place where this happened is not named. It is alleged that the US diplomats have tried to influence in a similar way around the world.

At the same time, the US State Department was unable to establish an unambiguous reason that caused the “Havana syndrome.” Among other things, it was assumed that the diplomats may have been exposed to an unidentified sound effect.

In 2017, it was reported that, beginning in late 2016, American diplomatic officials and their relatives in Cuba began to complain of symptoms such as hearing loss, nausea, headaches and balance disorder. 

The Associated Press received audio footage of the attack and described the harassing sounds as “the high-pitched sound of crickets combined with fingernails scratching on a board.” Then the American government suggested that Russia or China could be the culprit.

Many victims are still undergoing rehabilitation. Specialists from the University of Pennsylvania performed magnetic resonance imaging and revealed visible changes in the structure of the brain in the diplomatic missions.

Differences were found in 23 men and 17 women who complained of health problems while on diplomatic duties in Havana. Scientists have yet to figure out what causes the unusual symptoms.

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Underworld

How Russia and the United States nearly started a nuclear war in 1995

The Norwegian meteorological rocket incident remains the only time in history that the Russian president has activated his nuclear briefcase.

On January 25, 1995, Doomsday could have come in the world: the Russian Federation was preparing to launch a nuclear strike on the United States. How did it come about that the states that left the confrontation of the Cold War in the past and had just normalized relations with each other found themselves on the verge of mutual destruction?

The beginning of the war?

The cause of the crisis was an ordinary Norwegian meteorological rocket. Its launch from the small island of Anneia at 7 am local time (10 am Moscow time) towards Spitsbergen caused a stir in Russia. 

Black Brant XII.

Black Brant XII. Legion Media / ZUMA Press

Equipped with scientific equipment to study the aurora borealis, the Black Brant XII was similar in size to the nuclear-powered American Trident D-5 ballistic missile, intended for launch from submarines. In addition, it flew along a trajectory along which, as the Russian Defense Ministry believed, American missiles would fly in the event of a nuclear war. 

In December 1994, Norway informed 28 states, including Russia, about the planned launch, but did not give a specific date, limiting itself to specifying the period: from January 15 to February 10 of the next year. Due to bureaucratic delays, this information did not reach the Russian Missile Warning System, which sounded the alarm.

Decisive minutes

An emergency meeting with the country’s top political and military leadership was convened in the Kremlin. Defense Minister Pavel Grachev, Chief of the General Staff Mikhail Kolesnikov and President of the Russian Federation (as Supreme Commander-in-Chief) Boris Yeltsin had three strategic missile forces control terminals activated – the so-called nuclear suitcases.

Vladimir Sayapin / TASS

The military believed the lone missile could have been fired to create an electromagnetic pulse that knocked out Russian radars and communications systems. Following it, a massive blow could be expected.

For several tense minutes, as leaders watched it flight, it was decided whether Russia would launch a nuclear strike against the United States. 

“Little is known today about what Yeltsin said at the time, given that it could have been some of the most dangerous moments in the entire history of the nuclear era,” The Washington Post journalist, David Hoffman wrote three years after the incident : “They make it clear that the Cold War nuclear readiness system continues to operate, and how catastrophic its consequences could be, despite the fact that the feud between the great powers is already over.”   

The situation was discharged only when it became clear that the rocket had gone towards Spitsbergen (not far from which it fell into the ocean). The nuclear cases have been deactivated. Russian President Boris Yeltsin (center) and Russian Defense Minister Pavel Grachev (right).

Russian President Boris Yeltsin (center) and Russian Defense Minister Pavel Grachev (right). Igor Mikhalev / Sputnik

The incident with bringing Russia’s Strategic Nuclear Forces to combat readiness, soon became the property of the world community. When, four years later, the Norwegians were about to repeat their launch of Black Brant XII and reported this to the Russian Foreign Ministry, the US additionally warned all key Russian military departments about it through their channels. As a result, this time there were no unpleasant surprises. 

Source: rbth.com

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