With A Deficit Like Ours, Who Needs Enemies…?
46 Comments »By Giordano Bruno
Neithercorp Press – 2/9/2010
For decades, spurred by the alluring snake oil sales pitch of Keynesian Economics, U.S. financial analysts and Wall Street investors have operated on the assumption that indeed, “greed is good,” but debt… debt is better. Average Americans, bathed in an overwhelming deluge of “easy money,” were convinced to abandon their traditions of thrift and sound saving sense and throw caution to the wind. The U.S. government, along with an inviting Treasury and private Federal Reserve, took on a policy of historical deficit spending which has yet to relent. The rationale for this behavior being force fed to the masses was a strange one; somehow, by creating a significant margin of debt, we could conjure a kind of ‘financial gravity,’ a force of monetary physics that could drive our economy forward in perpetual motion. Of course, anyone who knows the laws of physics understands that energy, and thus motion, cannot be created from nothing. Something must be expended in order for something to be gained. America’s banking elite were attempting to defy the laws of physics and balance as they apply to finance; creating illusory wealth in the form of “credit” which they in fact never intended to be paid back.
It is very likely that they did this knowing full well that eventually the economic apparatus they built, like a poorly constructed rocket, would hit a point at which the inadequate fuel of fiat debt driving us into the sky would soon be incapable of defying the unchangeable root laws of capital weighing us back. It was only a matter of time before we once again came crashing to Earth.
It is interesting and perhaps despairing to note that the government’s solution to our current economic spiral (caused in large part by the unchecked creation of debt by the Federal Reserve) is to now create even MORE debt through successive bailouts, in an attempt to encourage Americans and the U.S. Treasury to borrow even MORE money which they cannot afford to pay back. When this plan meets its inevitable failure, as common sense and simple mathematics dictate it will, we the people will be told that it was all a terrible “mistake.” That our government’s greed and stupidity led to a horrible “miscalculation.” In fact, such mistakes, such “perfect storms,” are not made by accident. They are purposely engineered…
The Point Of No Return
The U.S. Debt Ceiling, the limit Congress sets on the Treasury to cap dangerous levels of spending and borrowing, has been raised eleven times since 1996, from around $5 Trillion, to $14 Trillion at the end of January, 2010. The Debt Ceiling has been raised 6 times since the beginning of 2006, just before the “Great Recession” began to take shape:
http://www.whitehouse.gov/omb/budget/fy2010/assets/hist07z3.xls
The total U.S. National Debt stands at over $12 Trillion dollars and is rising quickly. Every American citizen would be required to pay around $40,000 each in order to settle this debt:
At the beginning of 2010, the Obama administration announced a record federal spending budget of $3.8 trillion. The government’s spending now exceeds its tax revenues for the year by $1.56 Trillion, commonly referred to as the “budget deficit:”
http://finance.yahoo.com/news/Obama-budget-Record-spending-apf-3449890447.html?x=0
This means that for this year alone, Americans will have to add yet another $1.5 Trillion to our national debt. How is our government able to continue functioning when it is essentially broke? By selling treasury bonds to foreign nations. The problem is that this strategy of deferring debt using T-bonds is about to backfire, as foreign central banks are cutting down their long term U.S. Treasury purchases to almost nothing. The private Federal Reserve has resorted to purchasing our own T-bonds with money printed from thin air in order to keep the government operational:
http://market-ticker.denninger.net/archives/1730-TIC-Data-Confirms-Foreign-Appetite-Gone.html
It has also caused corporate borrowing costs to jump, further hindering progress in the private sector:
http://www.bloomberg.com/apps/news?pid=20601087&sid=auWwLKPsLRFM&pos=5
Interestingly, this explosion in government spending has been initiated while Federal tax revenues are dwindling. Last year, the IRS reported that total tax revenues fell by 34%:
http://www.usatoday.com/money/perfi/taxes/2009-05-26-irs-tax-revenue-down_N.htm
This seemingly contradictory financial policy by our government can result in only one outcome; a cumulative snowball effect in which our national debt will soon hit a point of no return. A point at which our revenues will be so eclipsed by our debt that our Treasury will have no choice but to either severely inflate our currency to pay debt demands, or declare insolvency.
It is projected that our national debt is currently at 75% of our GDP, and that it will reach 100% of our GDP by the end of Barack Obama’s first term. Historically, countries whose debts exceed 50% of their GDP are at high risk of going bankrupt.
Default And Hyperinflation
This is not the first time in history that the U.S. has stood at the edge of national default. In 1933 during the early stages of the Great Depression the U.S. government was technically bankrupt. However, at that time U.S. bonds were tied to gold, and were issued with the promise that said bonds could be exchanged for gold coin. Investors and foreign banks bought U.S. bonds believing that the gold backed paper would protect them from inflation and that the U.S. government under Roosevelt would honor the gold agreement. Roosevelt did the opposite, inflating the dollar to pay government and military expenses, then refused to allow bondholders to cash in their bonds for gold:
http://www.roubini.com/globalmacro-monitor/255267/was_there_ever_a_default_on_us_treasury_debt
The bondholders lost an incredible sum, while Roosevelt and the Treasury hoarded gold stores and walked away with other peoples savings.
It is important to note that the government under the direction of President Obama has recently declared the continuous issuance of new “Buy America Bonds” apparently because foreign interest in U.S. debt has disintegrated:
http://www.reuters.com/article/idUSTRE60T1VJ20100130
This may be another ill-conceived attempt to recreate the same swindle Roosevelt initiated in the 1930’s, and BAB’s should be avoided.
Roosevelt was able to get away with his clever scam for a number of reasons, including the fact that physical gold was still used widely as a currency in the U.S., and the fact that the advent of WWII obscured the after-effects of default in the public eye. Today, circumstances are different.
Now, U.S. Treasuries and the Dollar are backed by nothing, meaning there is no incentive that can be used to manipulate investors (as Roosevelt did) into continued purchases of U.S. Bonds. Back then, the Dollar’s fate was tied more-so to gold than government debt, but today, the Dollar is the world reserve currency, and its value hangs solely on this status. Many mainstream economists assume that hyperinflation will occur only if the dollar supply is increased at a massive sustained rate over a concentrated period of time. However, if the U.S. Government was to default on its debts in our modern era, the Dollar would immediately lose its title as a world reserve currency and its value would plummet, also causing hyperinflation. Thus, inflation is not necessarily caused by “overprinting” of dollars, but by a DROP in the overall worth of the dollar. Overprinting is only one mechanism by which a devaluation of the dollar can be achieved.
This dynamic creates a frightening “catch-22” situation; if the U.S. defaults, the Dollar loses reserve status, other countries will dump their U.S. T-bonds, and we will see hyperinflation. If the U.S. attempts to avoid default by continually printing money from thin air to cover its debts, then this will drive down the value of the dollar until other countries are forced to dump their T-bonds anyway, and once again, we face hyperinflation. The key to this entire affair is our growing national debt and unfettered government spending.
Signs Of Nearing Bankruptcy
At the beginning of February, the Moodys credit rating agency reported that the U.S. with its slower than expected “recovery” and its extensive spending platform is now at risk of losing its AAA credit rating:
http://www.telegraph.co.uk/finance/economics/7153180/US-credit-rating-at-risk-Moodys-warns.html
Treasury Secretary Timothy Geithner has stated that the U.S. “will never” lose its Triple-A rating, but somehow, I am not comforted.
Much attention has been paid by the markets to the current sovereign debt trouble in Europe, including Greece and Spain, but at least seven U.S. states with GDP (and in some cases populations) much larger than Greece are having their own troubles:
And, at least 41 states have reported growing problems meeting budget demands:
http://www.cbpp.org/cms/?fa=view&id=711
California in particular is on the verge of financial meltdown as budget shortfalls and low tax revenues continue to plague the west coast state.
The fact that the Federal Reserve is currently buying between 80% and 90% of all long term Treasury Bonds should be very alarming to average Americans. If this rate of treasury purchases continues, hyperinflation is a certainty:
http://www.absolutereturn-alpha.com/Article/2319666/Who-is-really-lending-the-US-all-this-money.html
It is also important to realize that there are a number of factors which make projecting the budget deficit difficult. While it may now stand at $1.56 Trillion for the year, this does not take into account, for instance, bank failures. The FDIC has been officially broke since last year and is drawing on fiat funds from the Treasury. Hundreds of banks are expected to shut down this year, and for each bank the Treasury will have to draw money from the Federal Reserve, printed out of thin air, in order to cover the savings of account holders in those banks. Depending on the number of banks that close, the budget deficit could increase by billions more. Another monetary black hole siphoning money from American taxpayers is the government acquisition of Fannie Mae and Freddie Mac, which hold over $5 Trillion in home mortgage securities. With each passing month, more of these mortgages go into bankruptcy and the government now covers these costs. The potential for mass mortgage defaults is very possible this year, conceivably adding trillions to the budget deficit. The Treasury has had to continually bailout Fannie and Freddie since the housing crisis began:
Stupidity… or Genius…?
After looking at the evidence, one might wonder if elements of the U.S. Government are deliberately trying to bankrupt our country, or drive us into hyperinflation. How is it possible that men such as Greenspan, Bernanke, Geithner, or Paulson, all supposed experts on international monetary policy, could miss the absurdly obvious danger inherent in the actions they are taking?
Is it arrogance? Hubris? I think not.
While Central Bankers and the government officials that pander to them may have both arrogance and hubris in spades, this is not their primary drive. They also believe in the concept of “Globalism”; the dissolution of sovereign nations and the centralization of financial and political power into the hands of an elite minority.
“The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
- Carroll Quigley, member of Council on Foreign Relations (CFR), mentor to Bill Clinton, quote from “Tragedy and Hope”, 1966
In order to create a globalized economy and a world governing body, free nations would have to relinquish private control of their finances along with many of their personal liberties. Americans would never go along with such a scheme, especially as they are used to being the primary economic power in the world. It is not only possible but quite probable that Central Banking officials in the U.S. along with the help of certain politicians are deliberately creating a financial panic scenario by which they hope to drive the American people into desperation. The goal is to make us ASK for globalization, to make us believe that it is the only solution to the problem they originally created.
This behavior of blatant currency destruction has also been coupled with open threats to countries which could sever our economic lifeline at any moment. The Obama administration’s increasingly aggressive attitude towards China in the midst of the greatest Recession the world has seen since the 1930’s appears nonsensical, unless one realizes that Globalists want to provoke a financial war in which they influence both sides, and thus the outcome. In October, 2009, Neithercorp reported on China’s newfound habit of political flexing in the face of the U.S.:
http://neithercorp.us/npress/?p=179
We believe that this mind-set is getting progressively worse, and that China may soon act on its threats by dumping treasuries as a method of economic retaliation:
http://www.timesonline.co.uk/tol/news/world/asia/article7017951.ece
http://news.yahoo.com/s/ap/20100130/ap_on_re_as/as_china_us_taiwan_arms_sales
The generation of extreme debt and national default is more damaging to the stability of a country than any foreign invader, its aftereffects just as devastating and longer lasting than any nuclear bomb. The United States is on the verge of such an explosion. While all eyes seem to be on the bankruptcy threats of Greece, or Dubai, the real threat to world markets lay squarely in our backyard. The debt accumulated by countries in the Eurozone could never compare to what we face…
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It begins…the battle for middle Earth…
China has begun to make economic moves to dump the dollar? Someone help me out here,cos that is what I am getting from this article.http://www.zerohedge.com/article/china-dumping-begins-reserve-managers-notified-any-non-usg-guaranteed-securities-must-be-div
An excellent article. I agree with the conclusions …
BUT …
I think the reasoning rests on a shaky foundation because the laws of nature (physics in this case) are vastly different from the laws of economics. The concept of money is a human construct. It can be changed by human beings while the laws of “nature” cannot.
The debate is about changing the definition and value of money to accomodate those who have the power to change the rules of the game in play. The point is that there are no laws of economics that powerful people cannot change.
I am not trying to nit-pick. I am trying to clarify the fundamental issues in the discussion.
Cordially,
TwoHoot
Two Hoot:
There are actually many laws of economics that work like a natural system, especially because economic systems are so large and elaborate. The law of “supply and demand” for instance, cannot be removed from the equation. The laws surrounding inflation are also set. The elites can manipulate the information and prolong a collapse, but they cannot stop inflation from occurring eventually given the current circumstances.
Its like a quickly moving steamship; the elites can steer it slightly to the left, or slightly to the right, but no one has enough control over the economy to make it turn 180 degrees. It is a massive system which forms its own root laws (like any system). The goal is to understand how those laws are supposed to work, and how a breakdown occurs when people try to tamper with them.
Two Hoot:
Your argument is a simple, like so many arguments that get thrown in to confuse the participants.
There is very little in “Free Market” economics that doesn’t have a comparison in nature. It is a system used to allocate energy. Remember; money represents the ability to do work. Energy IS the ability to do work. And nature finds what works. Not a huge difference between them and the correlations make viewing both systems easier.
I personally believe that a large part of the political and economic actions of the world are results of peak oil. If you are interested in learning more I recommend “Collapse” by Michael Ruppert. It is the final piece in my studying that has made it all make sense. I understand why recessions and depressions are caused by our supposed leaders, it is all “demand destruction.” They aren’t clueless, they get it too. Great article once again.
Also, just saw today February 10th, this article. Interesting that the treasury auctions aren’t going well even with all the money fleeing the EU.
http://www.businessinsider.com/ten-year-treasuries-nose-dive-at-auction-2010-2
Johnnyboy:
Wow, great find on that treasury auction info! It looks like they sold about 60% less than they intended! Incredible! This is why the dollar has only sustained its value lately instead of shooting up. Two years ago, if the Eurozone was in trouble, everyone and their uncle would have been rushing into U.S. Treasuries and the dollar would have exploded. Not anymore. Just astonishing numbers on that auction…..
Mr Bruno wrote:
[The law of “supply and demand” for instance, cannot be removed from the equation. The laws surrounding inflation are also set. The elites can manipulate the information and prolong a collapse, but they cannot stop inflation from occurring eventually given the current circumstances.]
Firstly “supply and demand” can and is manipulated by the elites, the Dow Jones, gold and energy prices are an example.
Inflation also can and is manipulated by them, by the laws of “natural economics” the US should have been in hyperinflation some time ago, along with a worthless dollar.
Lastly, the elites now make the laws and breakdown (collapse) will occur when they decide the time is right to impoverish and enslave you all. They will bring you to your knees and those that have not killed each other with their assault weapons and stocks of ammunition, that the elite have allowed them (terrorists) to amass for this purpose, will have to submit or be killed by their militia or detained in labor camps for their purposes.
Just to prove I am not a Troll, here is a source: http://abcnews.go.com/Politics/license-kill-intelligence-chief-us-american-terrorist/story?id=9740491&page=1
Anonymous:
Like I said before, they can PROLONG the inevitable, but the root laws still apply.
Manipulating a system one way or another is not the same as having total control of the laws of that system. The elites have to follow certain guidelines too. For instance, in order to hold down the price of gold, they must create the ILLUSION of greater supply. They do this using paper gold securities backed by nothing. They don’t “control” the laws of supply and demand, they have USED them to prolong an economic event, just like with inflation. Once hyperinflation kicks in, even they will not be able to hold down the price of gold.
They cannot prolong these events forever, eventually, a thin rope holding too much weight will snap. They are attempting to position themselves strategically for when it does snap, but again, no one can STOP it from snapping, because no one can fully control a system as dynamic as the world economy. You give them too much credit.
Giordano,
I have a question,
I constantly watch the DYX (Dollar index) for the strength of the dollar. But I see a fundamental flaw in that it is just representing how strong the dollar is against other currencies. So if they are all falling it would be hard to see the total devaluation. So what is the best way to see the dollar losing value? The CPI? And if the CPI who’s nubmers do you recommend? Thanks in advance, — John
Johhnyboy:
That is a fundamental question that has been plaguing economists who are looking to measure REAL value of currencies. As soon as a currency goes into fiat (like ours did when Nixon severed it completely from gold) there really is no concrete way to measure its value except relative to other currencies and the Consumer Price Index. That is the power of fiat, it muddles the landscape making precise measurements difficult. It seems that most economists today measure several factors including CPI factors, then come up with a “mean average” of those calculations.
You are right about the DYX. I rarely reference it when writing my articles because it truly is an ambiguous measurement. Even though gold markets are manipulated down (at least for now), I still use the historical gold/dollar comparison, and some people (like Shadowstats.com) still measure M3 for clearer view of inflation.
Sorry I don’t have a more exact answer for you. I hope that helps.
Yeah it does, I think the fall of the currency will be huge and very evident even if you cant count every hair on its back. Thanks for the info. — John
Mr Bruno wrote:
[They cannot prolong these events forever, eventually, a thin rope holding too much weight will snap. They are attempting to position themselves strategically for when it does snap, but again, no one can STOP it from snapping, because no one can fully control a system as dynamic as the world economy. You give them too much credit.]
I do give them credit in that they have a plan in place when that rope snaps. More than the majority of US citizens have, apart from their 401Ks and wont they be disappointed?
Anyway I think we will have to agree the middle ground here as neither of us knows what’s actually going to happen. The future’s not looking good though, on all fronts.
Anonymous:
I definitely agree on that point.
Look for China to dump their dollar holdings after we attack Iran, China’s main enegy partner. Say hello to deep depression in US after this. $10 a gallon gas, food shortages, 50% unemployment, rioting etc.
The question then becomes when this attack will take place, during Obama’s term or after Palin gets elected? The Republidemocrats and AIPAC are going to drag this country to hell. Thanks washington.
As I have become the go to guy at work for simple explanations to complicated problems, let me see if I understand.
The US debt is financed on Treasury Bonds. The Central Bank is buying the Treasury bonds (it prints for the government) because China and others have stopped buying them.
If the US defaults on payment of these bonds, then the owner of the bonds can declare the Republic insolvent and take claim to any assets the government have remaining. National Parks and Forests, military armament, and even Fannie Mae and Freddie Mac. Fannie and Freddie constitute over 50% of home mortgages (5 trillion dollars).
So now the Central Bank owns the mortgage and/or property of over 50% of the Republic.
Conquering a Nation without wagging war? Enslavement of the masses for housing and income?
Bruno, thanks for your work. We will get the word out about your articles. Thanks for the copyleft approach.
Excellent and most informative article! The hubris really belongs to the MSM and newspapers that promotes the crap ideologies that Greenspan, Bernanke, Geithner, and Paulson et. al. were merely ‘surprised’ concerning the present crisis.Surprised my ass.
These men did not get to where they did by being stupid.Evil, yes, but not stupid.
I hear, ad nauseam ,the terrible policies of Obama whom is just another evil puppet in a play, when I remember Bush speaking to the press that we have a ‘national financial emergency’ and that “we needed to listen to the ‘officials’ about rescuing our country from the catastrophe of 2008. Therein effecting legislation and bailout after bailout with naught a congressperson present for evermore.
You are absolutely right, and you are one of the first I have heard say it so succinctly with proof. We have been had. Our ‘elected’ leaders have steered us down the prime-rose path to hell at their leisure and compensation. They should all be hung from a lamp post, and not just in this country. My 2 cents.
Here is a good and simple History of Fiat Money. I didn’t quite understand it until I read this.
http://www.kwaves.com/fiat.htm
Here is anoth site that Talks about Hyperinflation. It is a large piece but bears reading the entire thing. It is an “AWSOME” article on what is coming. He said that, in support of Mr Bruno’s argument that you can prolong it but cannot stop it, he cannot see it going beyond 2014. But it is more likely to happen this year. Very compelling article.
“Here is anoth site that Talks about Hyperinflation. It is a large piece but bears reading the entire thing. It is an “AWSOME” article on what is coming”
Hey VoodooDaddy, WHAT SITE?????
I don’t know how much simpler it can get: print green pieces of paper, call it “money,” back it with nothing…and how long did we think it would be until the rest of the world caught on?
Oh, we got away with it for a while, but I don’t care who you are, it’s going to bite back sooner or later, especially when people in high places are ready for and wanting it to do so.
I mean, it just doesn’t take a rocket scientist to see this. Any tom, dick and harry on the street knows that when something’s worthless, it’s worthless. At that point, the game is over.
What part of this, in its’ most simple and obvious logic, doesn’t make sense? And we think it can’t happen to the US?
The logic and reality of what printing fiat means is clear. It’s the ramifications (or at least the intensity at which they will thrive) that are unknown.
Starkman
Gio,
A site that I generally like to check in on (thecomingdepression.blogspot.com) ran what I’m pretty sure is a snippet of your article above. I posted a comment about the ‘copyleft principles’, but I thought you should be aware. The exact link is: http://thecomingdepression.blogspot.com/2010/02/default-and-hyperinflation.html?showComment=1265919328344_AIe9_BH_RvTkcg5BXVO-F59ndlcUByMzZR2Nz-TmT-nyMJFxWwVfTSVr0VHVsYXAI-_iKronnV28EEwGtw3-4bLhNip2Vh7dtI-BgRjje9aaac0be4igdwfzT1aAhmaBFqDPGJwSThNKSER-mWYnGB93B0WbBAAKXpUJ3I8Gh7nr5UUX0scd9fa57PgFBvu7P74I7Lr9dOOcAqVGQ0w80dl7ROv038YrBVsXdraanSgtImSYUSpC5hzkJeeae6OXiJJw5G3Vg3Ps#c717259662435816002
Thank you for another great article Giordano!!
[...] Read more… Greece ‘Dress Rehearsal’ for U.S. [...]
Gantoris:
Thanks. Yes, it seems as though some folks don’t understand the concept of linking sources. I also find it disconcerting that that particular website is asking for money. I never intended ANYONE to make money off my articles, including me!
So far though it seems that only a sparse few websites operate in this ugly fashion. Most Liberty Movement sites are on the level.
this is one of the best worded, best researched sites i’ve come across in a long time. and i love the quiet, eloquent, well thought out and non-missionary way with which you present your ideas. but the best: it perfectly matches my point of view. i love to read stuff which confirms my thinking LOL.
i don’t know about the guns you propose as means of self defense in another article. i think i’d rather get killed than live with the conscience of having killed someone. on the other hand: you don’t always have to kill to defend yourself, it’s enough to incapacitate the aggressor i guess. i also don’t think i’
d have a problem with cutting off a guy’s dick if i knew he raped someone. and i also agree with one of the commentators who said that if you don’t defend your rights you’re a slave, if you do you’re a free man. and i agree. dammit. i guess i’ll have to chew for a while on the gun thing.
anyways, this site rocks. thanks.
Giordano,when the meltdown comes,will there be bank holidays[with the conversion of soverign currencies to Special Drawing Rights]martial law and hyperinflation etc.Will we have any time at all to adjust? Or will it be total shutdown, with no acess to your money and all bussinesses coming to a halt and no food or gas distribution.Will it be the same effect for all of North America.This meltdown will affect us all and will a country like Canada, with a supposidly sounder banking system, have any type of cushion for awhile or will they be hit just as suddenly as everybody else?Thanx
Robb
the variables depend much on what will probably be some “trigger” and your time to adjust is now. One possibility is some massive cyber attack. The PTB always want the scenario to be; us asking for help/protection from a threat (real or manufactured).
Some form of global computer-hack, they proclaim a bank holiday (they would never it call it that) for “our protection”.
After 9elvn, we welcomed the Patriot Acts (which were conveniently already framed)and gladly and patriotically we signed off on: torture, wire-taps, foot searches at airports, two wars, etc.
If all our bank accounts were emptied (and it could done) how easy would it be for the PTB to proclaim a new “system” giving us our script back and be forever safe from another attack? Like wounded puppies we’d line up for the new “whatever” to replace the targeted old ways, “Good anywhere-yay”! We’d then thank them for protecting and saving us.
If Israel attempts to vaporize Iran, oil prices could surge, another possible tipping point, they are as creative as they are devious…
Robb:
It depends on the scenario. I don’t know exactly what the trigger will be, but I did write an article recently on what to look out for. You can read it here:
Identifying Sure Signs Of The Final Economic Plunge
http://neithercorp.us/npress/?p=223
[...] Source: http://neithercorp.us/npress/?p=255 [...]
Thanks for this most excellent article… I couldn’t agree with you more and I believe more and more people are understanding the (under the hood) mechanics of the Globalists. The problem is can we stop them before it is too late. Go to http://www.unrfid.com for a eye opening from a new level of understanding…
[...] With A Deficit Like Ours, Who Needs Enemies…? : Neithercorp Press With A Deficit Like Ours, Who Needs Enemies…? : Neithercorp Press. [...]
An excellent article indeed. Ultimately, economy is about producing things. Money represents useful human labor, at best, or absolutely nothing at worst. One cannot “make money” (what an idiotic American expression…), except literally, i.e., with a printing press. Poor production – poor economy.
This is a rant that I went into over on SHTFPlan.com. I’m ready for the real fall to come. I’m tired of this pussy-footin’ around. Lets get too it!
Here is the rant:
In my opinion the Obama administration and a certain contingent in congress and the sentate are engaging in project NationScrew. This is a project of treason whereby the US Federal Government initiates the destruction of both the financial system and the civil order. This gives them surfacial, legal reason to put us under martial law or some other “system” they screw us with.
They think they can do this and then shred the constitution thereby removing those inconvienient rights that God gave us. The first evidence of this will the martial law (they’ll call it something else), the second, gun confiscation “for our own safety”. Basically, its a way to move toward the Orwellian society outlined in the book 1984. This is why they have been so frantic to remove the guns from our hands. They have given that up, from a legal standpoint, realizing that we know what they are up to. Its “grabbing” time, they think.
The purpose of all those “executive orders” is to reform America into an Orwellian state. Take a look at them. Not a one of them enhances our freedom. No. Every law, every order, every writ takes *AWAY* our freedoms. Every congressional session, every senatorial meeting is a meeting to try and take more rights away. They want us more controlable. Their biggest enemy is our love of freedom and their second is The Constitution, the third, The American Patriots that know and worship the other two enemies. Those gun toting, freedom loving rednecks in the end, they’ll be our heroes.
This process has never been tried on a population that has been both armed and where revolution is so highly valued. The God and Gun clingers are already awake. They’ve got a Bible in their pocket and ammo in the magazine and the are just waiting for an excuse to rack one in. The minute any move to declare martial law is made or to restrict free speech, religion or gun rights is made, the dictionary definition of “all hell broke loose” will look like picnic on a warm spring afternoon. They’re going to put high velocity holes in anything that they percieve as a threat to their freedom.
The treasoners have known from the beginning what the game plan was. So have the patriots. I just hope too many people in the middle don’t get hurt.
One thing they are not taking into consideration: The USA is a Union of countries. They’ve tried for years to educate it out of the populace, but, the USA is not a country, no, its a union of countries with a common administration. Each state can function on its own, though, not as easily as together, hence the reason for the “Union”. Not only will the US Government have to battle the people, they’ll have to battle the states. Some will cave right in and support the feds, most will not.
There won’t be a slavery issue to use as propaganda and we’ll just bottle the freedom hating bastards up where they belong: The already totalitarian North East quadrant of the USA. (Sorry New Hampshire, you’re about to be overrun by freedom HATERS!) Kalifornia, too, may have a similar distinction.
When it happens, its going to be tough for a while. You’ll need the three Fs for a while. Food/Fuel/Firearms. Don’t forget, a few bags of food, a few extra cans of gas and a few extra guns and ammo for your neighbors is prudent. Remember: If you help them, they’ll want to help you.
The only thing I wish to ensure is that the treasonous freedom haters in this country get a good and proper ass whipping. If we can stab the freedom vampire in the heart we might be able to last another 200 years.
This is America Dammit! You can’t just take away our luxuries and expect us to cave in to your dishonest bastard-thief desires! We took this land from your ancestors by the actions of our frozen, bloody feet, the fire from then end of our rifles, and as The God Of Nature is our witness, we’ll do it again if we have to.
Net,
sounds like you ate your wheaties today. I think you can take a little comfort in the recent backlash in N.C., when during a “snow” emergency, an attempt to close liquor stores and gun shops brought people into the streets with their pitchforks.
As far as rvoltion goes, not sure who you’re talking about joining a crusade.
It’s being sung to us like a lullaby, not blasted on a bullhorn, gently the people fall asleep in front of plasma’s, full of prozac, stinking of cheap gin, fluoride and aspartame…
sic transit gloria mundi…
Destiny,
The lullaby makes me scream! It grates upon my ears! While many fall asleep, its like caffeine to my soul. And, as far as revolution goes, its taken them just over 200 years to “revolve” us back to what we had before the 1st revolution.
The second American revolution has taken us back to beyond the oppression by the British empire.
Destiny,
Could you give some links to the incidents in NC that you referred to? I could find nothing.
http://www.wxii12.com/news/22487153/detail.html
Anyone that knows me at all knows that I never post on “economic” issues other than in a commentary style or to point out an obvious point that I suddenly “get”. So please forgive me if I sound to “new” to this or if the post is inappropriate here. Just give me a holler, OK?
That said, I find interesting the idea of economics being related to an organic or natural entity. THAT I can understand.
As with any other natural system, yeah, it can be controlled to a certain extent, but never completely dominated. While not being able to control the actual economic system, the “parts” of the system CAN be tampered with. Certainly, the organic nature of the economy cannot be changed, as it exists solely on an abstract basis, created by things like supply and demand. But things such as currency CAN be screwed with.
The most obvious, (and I know you all get this where I don’t), is the control of the human aspect, the easiest. Trust in our leaders was mislaid.
Fear mongering and outright lying led to the Federal Reserve System being installed as our Central Bank. Markets are controlled through the human factor and outright lies, (i.e.; “news leaks”).
And this runs the full gamut through advertising and mind control of the masses.
I know this is a serious leap, but none of these things exist on their own, right? And it is all owned by the same dragons that blow smoke up your ass and run and control the governments through the promise of power to our congress or the dictators of smaller countries.
So, perhaps we CAN change the world through how and where we spend our money, our most basic “power”, and which markets we choose to support.
Net I’ll look, it was Governor Bev Purdue who declared a state of emergency, after a snowstorm and I think it was a week ago Friday, I checked the -News and Observer- the Raleigh paper, but I’ll dig some more.
http://www.wxii12.com/news/22487153/detail.html
http://www.examiner.com/x-4525-Seattle-Gun-Rights-Examiner~y2010m2d8-North-Carolina-town-calls-snow-emergency-so-gun-sales-are-bannedhuh
here’s a blog, with the statues
Tada,
Thanks for the link!
Destiny,
Tada took care of me.
Wow! I read the comments. People are whipped into a frenzy!!! I mean, I’ve heard “Don’t Mess With Texas!”, well, Crap! Don’t mess with North Carolinians’ guns! Sheesh! I didn’t realize these people were so pro gun. Go N.C.! You guys rock! I may have to see what that state has to offer next time I vacation. I only spend money in pro-gun states. The people in NC have charmed me by their reactions to their state of emergency gun ban.
Kings Mountain is next to Charlotte, I recently moved from North Carolina and the state is quite a mixed crowd on gun issues.
But before you go all Yosemite Sam in the back of a pick-up, keep in mind the masses of anti-gun regular folk grew up in neighborhoods and suburbs, didn’t hunt, didn’t mingle with criminals and have lived violence-free lives and have bought into the idea that by taking away -all- guns the world would burst into song and harmony would reign upon the land.
They vote, pay taxes and watch Lost. They’re not bad or stupid, they are good law abiding folks and believe what they’re told; that guns kill and school shootings will end with strict control.
They are Americans too and just haven’t figured out there’s danger in the van down by the river.
Oh and Cat, feel free to post your thoughts on the economy, like the “stages” approach; first there’s anger then action etc..
The most anarchist thing you can do is; not buy stuff, work for yourself and not pay taxes, drop off the grid and never use credit-we don’t need weapons, simply owe nothing and never use credit-the machine would grind to a halt tomorrow.
And “they” can shove the cutesy singing ads about making sure we all stay on top of our credit score, so we can buy things and be good citizens and have really high credit scores so “they’ can loan us money at 30%.
Destiny,
I’ve done some research in the past and found that more people = less freedom. That “freedom” gauge seems to be tied almost directly to gun rights.
Two things I usually look at state population density and the population of the largest city. I have several simple formulas I apply, but it also has to do with the attitude of the people.
Two links for you people reading this blog –
SHADOWSTATS.COM — real economic numbers, from an economics expert who reverse-engineered the numbers the govt puts out (very good site!!!)
GREEN-AGENDA.COM — insider who reveals the links between the NWO and the sustainable developmeht movement, via the UN’s Agenda 21. This is the macro BIG picture of what is going on. All very well documented with many reliable sources, too.
I am sorry that I didn’t put the site on there before. And I havn’t been on here in a little while. Here is the site.
http://www.shadowstats.com/article/hyperinflation-2010
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