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The Collapse of the American Economy Has Begun

The Collapse of the American Economy Has Begun 86

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

Raised by Wolves: Microsoft has been tasked with developing a global digital passport

Raised by Wolves: Microsoft has been tasked with developing a global digital passport 99
Photo: Raised by Wolves, directed by Ridley Scott and Aaron Guzikowski

According to the Hill, a coalition of medical and technology organizations is working to develop a digital COVID-19 vaccination passport that will allow businesses, airlines and countries to check whether people have received the vaccine. 

The vaccination initiative, announced Thursday, is developing technology to confirm vaccinations, with the likelihood that some governments will require people to provide proof of their vaccinations to enter the country.

The organization hopes the technology will enable people to “demonstrate their health to safely return to travel, work, school and life, while protecting the privacy of their data.”

The initiative, which includes members such as Microsoft, Oracle and the American non-profit Mayo Clinic, is using the results of the Commons Project’s international digital document confirming a negative COVID-19 test, according to the Financial Times.

The Commons Project technology, created in partnership with the Rockefeller Foundation , is already being used by three major airline alliances.

The coalition is reportedly in talks with several governments to create a program requiring either negative tests or proof of vaccination, Paul Meyer, executive director of The Commons Project, told the Times.

“The goal of the Vaccine Initiative is to give people digital access to their vaccination records so they can use tools like CommonPass to safely return to travel, work, school and life while protecting the privacy of their data ,” Meier said in a statement. …

People who have been vaccinated are currently receiving a sheet of paper confirming their vaccination, he said, but the coalition could develop a digital certificate using electronic health records.

The technology should allow patients to keep their data safe by being available in a digital wallet or physical QR code so that they can regulate who sees the information.

The Vaccine Initiative assumes that certain businesses, such as event organizers and universities, will require their consumers, students and employees to provide proof of vaccination , the Times reported.

Mike Sicily, executive vice president of Oracle Global Business Units, says in a statement that a passport “should be as simple as online banking.”

“We are committed to working together with the technology and medical communities, as well as with global governments, to ensure that people have safe access to this information, no matter where and when they may need it,” he added.

The project is also evolving as new strains of COVID-19 emerge around the world, including the spread of a more contagious variant that has been found in the United Kingdom.

It should be understood that only those travelers who received the RIGHT vaccine will receive permission to fly and cross borders.

Are people really vaccinated? Are we being raised by wolves?

The material is taken from the public website of this biotech giant, founded in 2010 to develop drugs and vaccines based on messenger RNA (mRNA) technologies. The company became known to our readers due to the launch of the eponymous vaccine against the Covid-19 virus on the market.

Quotes:

“Recognizing the wide potential of mRNA science, we decided to create a technological platform for mRNA that is very similar to the operating system on a computer. It is designed so that it can be connected and interchangeable with various programs. In our case, the “program” or “application” is our mRNA preparation – a unique mRNA sequence that encodes a protein.

“May 1, 2020 Moderna, Inc. and Lonza Ltd. today announced a 10-year strategic collaboration agreement to enable large-scale production of Moderna mRNA vaccine (mRNA-1273) against the novel coronavirus (SARS-CoV-2) .

The primary conclusion is that the so-called Moderna vaccine is not at all like traditional vaccines, which use live or dead, natural or engineered parts of the RNA of the virus, designed to induce an immune response and form antibodies in the body.

The drug “mRNA-1273” is not a vaccine against a virus, but, in fact, is an artificial bioprogrammed virus.

Based on the author’s definition of the mRNA platform as an analogue of a computer operating system, if you adhere to the declared letter, it should be recognized: the drug is intended for (re) programming the human body by (re) coding its protein. In other words, the masks are off, the mRNA platform is the place where Big Pharma teams up with Big Tech, justifying the darkest predictions yesterday by science fiction writers, and today by realists.

If you take a good walk around the Moderna website, you will find very interesting things.

For example, the company clearly recognizes that a healthy immune system poses a threat to mRNA, since an intense immune response can destroy the platform before it even starts to act and which can lead to negative results, which can include molecular deficiency and hormonal defects, and cause seizures, allergic reactions, infertility and other side effects, but at the same time it does not form a targeted immune response to coronavirus proteins at all. 

In addition, the self (re) programming of cells is necessary in order for them to be open for the reception and delivery of various drugs, the effectiveness of which is often significantly reduced due to rejection by the body.

What this means: a healthy immune system after the introduction of the drug “mRNA-1273” is (re) programmed either unpredictably or predictably, but for the further purposes of the Moderna company, which is vitally interested in the fact that the human body is further open for access to pharmaceutical companies … The immune system actually breaks open, opening the door for any biotechnological experiments on the human body.

Due to the fact that such biotechnologies are at the beginning of the path, which is always associated with a great risk to life, the Moderna company at the legislative level is exempted by the US Congress from liability for the consequences of the use of its drugs. Also, by the way, like the Pfizer company.

Is this an explanation of the reason for the planned mass vaccination of all people in 2021, as well as the “sharp aggravation of the pandemic” in the world media?

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Underworld

Freemasonry calendar for 2021 and the next 25 years: Earthlink & BrainTrust

Freemasonry calendar for 2021 and the next 25 years: Earthlink & BrainTrust 100

With the onset of the covid pandemic, vaccinations, immunization passports and other such miracles, conspiracy theorists were surprised to find that all this was written in plain text on the Internet many years ago. The people who determine the strategic course of the world have communicated their plans quite openly. Until a certain moment, no one paid attention to these plans.

However, now that everything that is happening has become more or less clear, many enthusiasts began to re-read the texts with great interest and revise the videos of 2010 and earlier years, trying to find in them both indications of the events taking place around the current events and the events that will follow. The next discovery of this kind was a video from 2008 from Casaleggio Associati – a small Masonic organization somehow connected with Gianroberto Casaleggio.

From the first visit, the conspiracy theorists did not manage to dig very deeply, but, according to the first impression, we are talking about regional masonry of a not very high level of management, so there is clearly not all the information there, especially information for showing the general public.

Nevertheless, some crumbs of knowledge are still better than its complete absence, so we will retell the video in general terms. The first five minutes there is an introductory one, which tells about the great thinkers of the Renaissance who opposed Genghis Khan and wanted to arrange the world correctly and justly. This desire lasted for centuries, until the baton passed to the US Democratic Party and the Bilderberg Club. Then, from the middle of the fifth minute of the video, the most interesting part begins.

In 2018, according to the forecast from 2008, the world will be divided into two blocks – the block of good guys who live in Europe, and the block of bad guys who live in China and its satellites: The war between the blocks begins in 2020 with the use of bacteriological weapons. The war will last 20 years. During the war, such cultural monuments as Reims Cathedral, St. Peter’s Square and the Sagrada Familia will be destroyed, which suggests that there will be no stone unturned from Italy, France and Spain.

Also, in addition to biological weapons, at the first stage of the war, climate weapons will be used, which will cause a rise in ocean level by 12 meters with all the ensuing consequences. There will also be a world famine and a rejection of fossil fuels – tanks by the end of the war will be some kind of electric. As a result of this, the West will win by 2040, but there will be no more than a billion people on the planet who will be offered a single electric passport and a networked democracy, which will be controlled by the World Government and Earthlink Artificial Intelligence.

Earthlink will start operating in 2043, a single passport will be issued in 2047, and in 2050 there will be the so-called BrainTrust – collective social intelligence: When BrainTrust starts working, people will connect their brains into a network and collectively choose the World Government, which will lead them, proclaiming the coming of the Era of the New World Order. It will appear in 2054. Here is such an interesting Masonic tale of the 2008 model. Oddly enough, but so far the chronology is being observed and the prophecy is coming true.

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Covid-19: The Great Reset -Pandemic targets declared

Covid-19: The Great Reset -Pandemic targets declared 101

The working class of the United States is in despair. This was stated by Senator Bernie Sanders on his Twitter page. He also wrote that the US Congress should listen to the people and provide a one-time payment of $ 1,200 to each member of the working class.

“Maybe – just maybe – it’s time for Congress to listen to the American people and send out survival checks for $ 1,200 to working-class Americans who are now in such despair,” Sanders said.

On March 25, the U.S. Congress approved a one-time payment of $ 1,200 to every adult U.S. citizen. The purpose of the payment was to mitigate the social impact of quarantine measures and the coronavirus pandemic.

Sanders is in favor of re-payment, as the crisis caused by the quarantine and pandemics is not only not overcome, but is developing.

However, it is quite possible that not only American workers will receive benefits soon. 

The FGC website spoke about the book “Covid-19: The Great Reset”, published in the summer of 2020 in Europe. The authors of the book are Klaus Schwab, founder and permanent leader of the World Economic Forum (WEF) and Thierry Mallre, who is presented as a futurist.

By the end of 2020, the book should be published in German, French, Spanish, Japanese, Chinese and Korean.

The main ideas of the book about “great reset” are already diverging.

First , the COVID-19 pandemic is a “unique window of opportunity.” It is through this window that humanity must be introduced into the future. No return to the past! “Many people ask: when will we return to normal life? The short answer is never. Our story will be divided into two parts: before the coronavirus and after. “

Secondly , the “bright future” is a world where the distinctions between rich and poor countries will be erased, and over time state borders will be destroyed. A single planetary state with a single government will emerge: “The question of the World Government is at the center of all issues.” Further, Schwab writes: “With the introduction of lockdown, our attachment to loved ones increases, we value more those whom we love – family members and friends. But the downside here is that it causes a rise in patriotic and national feelings, along with dark religious beliefs and ethnic preferences. And this toxic mixture brings out the worst in us … “Schwab makes it clear that” dark religious beliefs and ethnic preferences “will be declared war.

Third , the economy of the Brave New World must be centrally run by giant monopolies. Private property will wither away, its place will be taken by the “economy of use”, “the economy of participation”. There will be no cash, digital currencies will be introduced everywhere.

Fourthly , there will be a transition to “green” energy, it will replace hydrocarbon energy. Limits will be imposed on the consumption of water, electricity, some “environmentally hazardous” types of products (eg meat) or industrial products (eg cars). And the most radical means of reducing the burden on the natural environment will be to reduce demographic growth or even to reduce the population: “The greater the demographic growth … the higher the risk of new pandemics.”

Fifth , robotization will be completed in all spheres of the economy and public life. The book “The Great Reset” says many times about the sharp job cuts: “Until 2035, up to 86% of jobs in restaurants, 75% of jobs in trade and 59% in the entertainment industries can be automated.” “Up to 75% of restaurants can go broke due to lockdowns and subsequent social distancing measures.” “Not a single industry, not a single enterprise will remain unaffected.” It is proposed to introduce an unconditional basic income (UBI) for people who will be replaced by robots, but only if the person confirms that he is vaccinated.

Sixth , digitalization of all spheres of the economy and society will continue. An effective system will be created to monitor the behavior and movement of people, including using face recognition technologies. Quote: “To end the pandemic, a worldwide digital surveillance network must be created.”

Seventh , the new health care model will provide for regular testing, compulsory vaccination, issuance of a sanitary passport, and the establishment of restrictions and punishments for persons who evade the rules of medical discipline.

Eighth , in the spirit of transhumanism, a person will be “improved”.

The goals of the “pandemic” have been declared. With the support that the “great reset” receives from the camp of globalism, there is no doubt that the notorious “pandemic” is the beginning of the operation of the transition to the “brave new world.” Will there be forces capable of resisting the reset-globalists? .. This is an open question.

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