It takes a nation to protect the nation
This is the very best and the simplest that I have seen the world's economic turmoil explained. It is put in terms that a twelve year old can understand and explains how we got where we are, why we can't get out of it, and where it is leading. This is a video that covers our current financial practices. It does not delve into financial manipulation, or a New World Order conspiracy...simply economic practices that are destined to fail. Everyone who watches this will better understand that what we are seeing ahead is an oncoming train.
<Youtube account has been closed>
Who owns the Federal Reserve?
Another interesting perspective on the collapse:
This Youtube video is stellar in many respects. The economist they follow, Prof. Richard Werner, rejects the standard Keynsian free market dogma, and also worked for many years as an actual merchant banker in Japan, so saw first hand how the system actually works. On top of that, the photography of Tokyo is worth watching in its own right, and the music matches perfectly. Please share this widely.
I know this is comedy, but it expresses perfectly the pompous and deceptive phrases the financial industry use to mask reality. Phrases like "We can put this to work for you", and "A really smart decision young man". Then you have the total lack of shame or embarrassment, when he says "Its gone". It's a disconnect from what he said just a few seconds prior, and its like these things happen every day so get over it.
The biggest scam in USA history ; https://www.youtube.com/watch?v=dsqGR31zoVA&feature=em-uploademail
China sold $7.7 billion in US debt in March, lowering its holding by $26.4 billion since last June. Russia dumped $1.6 billion, while Brazil sold almost $1 billion.
"It's more of a global fear than anything. There's still this fear of everything is going to fall apart,” Ihab Salib, head of international fixed income at Federated Investors told CNN.
However, overall investment in US government bonds increased by almost $51 billion, reaching $6,287 trillion.
The biggest international holders of US Treasury securities are still China with $1,244 trillion and Japan with $1,137 trillion.
After that the list becomes more surprising since the data from the Treasury doesn’t give a precise figure held by a specific country.
The third largest holder is the Cayman Islands with $265 billion, primarily thanks to hedge funds using the lenient offshore tax laws to invest.
Ireland is another example of a base for foreign investor to buy US bonds. The country is the fourth largest holder of US debt with $264.3 billion, as foreign companies are attracted by its low corporate tax.
Much of the United Kingdom’s holdings of $227 billion are presumed to be held by investors from third countries that use City brokers to buy American debt.
For the first time in four decades, Saudi Arabia ‘s US Treasuries holdings have been disclosed, totaling $117 billion, after a Freedom of Information Act request was submitted by Bloomberg.
Previously Riyadh had been grouped together with 14 other mostly OPEC countries, including Kuwait, Nigeria and the United Arab Emirates.
Of the $6.29 trillion in foreign holdings, 65 percent is owned by governments, primarily central banks.
This stuff is hard. To summarise, of the $6.3 trillion of securities:
The US national debt currently stands at $18T. It would be nice to know see that broken down as $6.3T of securities + $11.7T itemised.
Here's two of the latest news items and the debt clock, now reaching $20T. I guess Obama isn't watching this stuff tho, too busy jetting to social functions and playing golf.
China creates world’s fastest computer without relying on US hardware for first time
'This is a gasp': 10% of Cal State University students homeless
I think once Trump gets in, then decades of debt-fuelled expansion is going to come to an end. I think this sell-off signifies that they are expecting Trump to be POTUS. The advent of Trump could be the start of the collapse. It was coming, and for anyone under 40, probably better sooner rather than later.
Alan Lake said:
Central banks selling off US debt at record pace
Economic collapse countdown ; https://www.youtube.com/watch?v=gO6vC5otfm4&feature=em-uploademail
Economic Collapse Countdown...
A somewhat fatalistic and yet accurate portrayal of what we all know is coming. Peter Schiff and Stefan Molyneux well understand the impossible situation in which we find ourselves. Ergo, so too must the leaders of western nations, the financial manipulators of Wall Street, the Federal reserve, and Deutsche Bank.
I cannot expect the gangbangers of Chicago to understand the logic contained in Adam Smith's 'Wealth of Nations'. Hell, they can't even speak English, fill out a job application, or keep the their pants up, and so I must understand that they believe that we only need to keep the monetary presses and EBT cards active and every little thing will be alright. Of course I regard such people as idiots, undeserving of the space they occupy, the oxygen that they breathe, or the financial burden they are placing on the few remaining productive members of our society.
I am not nearly so forgiving of the deal makers and the crooked politicians. They do understand Adam Smith's great work, and quite simply do not give a damn.
To quote Margaret Mitchel in 'Gone With The Wind'...Rhett butler tells Scarlett O'Hara "What most people don't seem to realize is just as much money is to be made out of the wreckage of a civilization as from the upbuilding of one."
I truly enjoyed watching that video as two valid points were brought up...Dominoes and three precious metals. Dominoes...Many care not for my conspiracy theory but the fact remains that our leaders are bringing in Muslims that terrorize our people, rape our women, and put an impossible burden on our economy. Somewhere along the way one of those 'refugees' will be the domino that brings it all crashing about our foolish heads.
Precious metals? Actually Schiff and Molyneux only brought up two, while I wrote of three. They left out lead. To be perfectly honest, I cannot afford to buy gold today, but in regard to lead I do have enough to stage a fairly good reenactment of D Day. Food...About a ton. I have also developed my own water purification system. Give me muddy water and I shall make it potable.
'Gone With The Wind' had a great influence on me at the age of sixteen. Scarlett O'Hara was the 'heroine' and yet I fell in love with Melanie, She was sickly, brave, loyal, a lady of honor, who would fight an angry mama grizzly bear to protect those she loved. She would have lost of course, but that old mama bear would well remember the fight. And now I should like to use a line she uttered in that masterpiece of writing...
“Perhaps - I want the old days back again and they'll never come back, and I am haunted by the memory of them and of the world falling about my ears.”
This attitude is prevalent on both sides of the pond. Gentlemen, those days ain't comin' back. Take my word for it. They are gone with the wind.
Now I should like to close this rather lengthy discourse with yet another quote; this one from author and poet Herman Hesse...
"Some of us think holding on makes us strong; but sometimes it is letting go."
Holding onto the past does not make us strong, it just makes us foolish. The page has been turned. What once was is now gone with the wind and most still are clinging to what is no more.
Rights, freedom of the press, elections...All gone. Get used to the fact and adjust. That is the only way to survive. Our land of the free has degraded into a corrupt thugocracy and the situation will only get worse. It is time to stop thinking of ourselves as free men and women, and begin thinking of ourselves as survivors.