US Financial Crisis and Crash Is Imminent

I mentioned yesterday that our wages have taken a dive and basically equal 1967 levels. I said that I have been warning about this “System” for years and what I saw as the only strategic advantage we have is to prepare by growing as much as possible, our own food, putting away some silver (and a bit of gold) for bartering purposes. I have suggested that you have a weapon for hunting/protection. I have done all the same things that I recommended, by the way.

Do I feel prepared? Not really. But I have food stocks. I have LP gas stored. I have everything I need, except long term, alternative power source (although I do have wood and a wood heater, should a total breakdown occur).

I would suggest that we are about to embark in some extreme times, and very soon.

Quantitative Easing is happening. And the reason for it has nothing, whatsoever, to do with job creation. It is simply more extraction of American’s wealth to pay off the gamblers in the Big Banks.

Way back in Jan, Snordelhans created a video from horse237’s (the Video Rebel) essay, “Translating Zero Hedge: Your Wages Will Be Cut In Half“, in which horse suggests that 2012/2013 is the crash year. He suggests that your wages will be cut in half… maybe not literally, but because of inflation/hyperinflation, your purchasing power will be halved. He discusses Bernanke’s claims and the speech that I highlighted here, that basically spells out what they are doing.

  1. Lower interest rates to near zero (check)
  2. Buy Securities to expand Federal balance sheet (check)
  3. Increase money supply (check)
  4. Buy foreign and domestic government debt (check)
  5. Devalue the Dollar (Next)

Well, Helicopter Ben, just announced #5, the last step in the preplanned dismantling of the US Dollar.

Just as I have bitched about here for so long, it has been the De-industrialization, especially via NAFTA (and all the other “Shaftyas”) as the main conduit. They intentionally sent our jobs away. This went a long way towards the goal of removing money from the middle class to feed the baby-eaters and other worshipers of Giant Corporations.

So, I can see prices skyrocketing at the grocery store, my utilities and power. Gas is on a constant rise. Virtually everything is going up.

Is horse’s vision and reasoning sound? Do we actually have but weeks before the proverbial shit hits the fan?

This Is Your Final Warning: The Worst Financial Disaster In 500 Years Is Nigh

My Debt Cancellation hero is Professor Steve Keen of Australia.

He said in a recent  video
1) We have the greatest level of debt to GDP to cancel in 500 years which means we are approaching the greatest Depression in 500 years. That means the greatest levels of Austerity unemployment, wage cuts, defaults, bankruptcies and starvation in 500 years in Europe,  North America and the rest of the world. Of course if we followed Dr Keen’s advice on Debt Cancellation we know for a certainty: ‘This need not be.’

2) The nations which have been deindustrialized (emphasis on America) will face the hardest landing when debts are cancelled and we are forced to face reality. He said he feared for the fate of those people in deindustrialized nations  when the paper Bubble is pierced.

American deindustrialization began in 1994 with the passage of the North American Free Trade Act. The Federal Reserve has just announced it will begin or really continue buying up fraudulent Mortgage Backed Securities. This will free up cash for the banks to drive up food prices by buying even more commodities in the futures markets. Foreigners will realize our current inflation will accelerate and rise rapidly after the elections. The real inflation rate is 10% but will go higher as the dumping of the dollar accelerates. Investors are buying gold and silver. The dollar has declined in value which makes imports including oil more expensive. China simultaneously announced that they will trade for oil in yuan. Henry Kissinger invented the Petrodollar after th1973 Arab-Israeli war. America needed wars and rumors of ward in the Mideast to spike oil prices higher. Higher oil prices were good for the dollar because OPEC took all those excess dollars they earned to buy US Treasury bonds. The Japanese and the Chinese who have no oil ran huge trade surpluses with America which they used to buy oil. And all those Petrodollars were forwarded to Washington  to fund America’s wars for Israel.

The Petrodollar is near death. I recently wrote that the Chinese are buying gold as if they knew the dollar would die very soon. Consider this fact.  The FED is starting to accelerate inflation from a 10% base which will severely punish anyone holding dollars. And with the Federal Reserve announcing they will keep interest rates low through 2015 we know the dollar will decline rapidly. Who would buy a Treasury bond paying 3% interest when he reads that the inflation rate has just reached 15%?  Who would hold onto a Treasury bond he bought last year after he reads that the American inflation rate has soared to 20%? And will anyone hold dollars after the inflation rate reaches 25%?  I have defined a 25% inflation as the beginning point for Hyperinflation for an international reserve currency like the dollar.

There is a tipping point at which everyone including America’s best friends will clearly see the end is nigh and dump the dollar. I have been predicting a crash after the elections for some time. I have also been predicting a Bretton Woods type conference will be called at which the dollar is devalued by at least 40%. That is the end of the America we knew. Combined with am existing 10% inflation rate that means your wages and pensions will be cut in half. Inflation was recently quieted in America for a few months with the decline in the value of the euro but now once again the euro is rising and the dollar is declining. Food and gasoline prices are once again rising steadily.

There will be an economic shock within 4 weeks. I believe its purpose will be to stampede the voters into voting for Romney as Obama has outlived his usefulness. Both men are puppets of the New World Order. This period before the elections might well be your last chance to stock up on food before the dollar crashes.

I must repeat that all of this suffering is not necessary. It began with the creation of the Federal Reserve in 1913.  We can stop it by repealing the Federal Reserve Act and ending both fractional reserve banking and interest bearing currencies.

I wrote an article some time ago about your wages being cut in half. The rise in inflation was slowed a bit by the rise in the dollar due to the euro’s decline which has now been reversed. The dollar’s demise will be swift with the announcement of Quantitative Easing to Infinity. Fasten your seat belts. Anyone who gets paid in dollars is in for a bumpy ride.

Notes: This first article is really important in terms of solving our economic problems through Debt Cancellation.

The New Economics, Radical Solutions Required And Offered

The Chinese Are Buying Gold As If They Knew The Dollar Would Die Very Soon

This next  article explains why fractional reserve banking must be abolished.

IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.

The Bankers Want America To Lose World War III

LOL!! I Stole 3.5 Trillion Dollars From You. I Dare You To Do Something.

Here’s what I’m going to do over the next couple of weeks: buy extra cans of vegetables and perhaps a 1/2 a cow from a local vendor. I am going to make sure I have all the gas (petro and LP) I need for at least a month. Whether or not we see the thing crash just before or after the election, the way I see it, I will only save money. For I guarantee you that the prices will only skyrocket even faster than what we have seen since my warning earlier in the year. At the very least, I will save money in the short-term.

Worst case? It does crash and you will see martial law. If this happens, you BETTER have some food stored and ready.

Give me your feedback on horse’s latest. Do you believe it will happen? Possible? Crazy talk?

On another note, right before I quit Facebook just after the first of the year, I made mention of old friends who wrote some of the lines about 2012 being a good year (one said it could be the “best”). I wonder? I wonder how they feel today? I wonder what they might say if I wait until Jan 1, 2013 and ask them if it was a good year?

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15 thoughts on “US Financial Crisis and Crash Is Imminent

  1. I believe QE3 will be the final straw for many foreign holders of U.S. debt and dollars. The world reserve status was already under severe threat after QE1 and QE2. The MSM has virtually ignored China’s bilateral trade agreements building since 2010. In the past two to three years, China has made deals with Russia, India, Japan, South Korea, Iran, and the ASEAN trading bloc (most South-Asian nations), that remove the dollar as the world reserve currency. And, this year, China has arranged a similar bilateral deal with Germany:

    These countries combined offer at least 30% of global GDP, and could easily annihilate the dollar if they decide to dump the greenback completely as the world reserve. With the advent of QE3, this is now a certainty.

    Open ended inflation is exactly what destroyed Wiemar Germany, and more recently Zimbabwe. The central banks and their lackeys will claim there is no comparison. I beg to differ. When a nation expands debt spending instead of cutting it, and then monetizes that debt through fiat printing in order to allow even more debt to accumulate, that nation is not going to survive. That nation will eventually hyperinflate, then default, then collapse, either turning into something entirely alien, or fading from history altogether. This is what we have to look forward to in light of QE3, the final and infinite stimulus adventure. Something has to give, and it has to give soon. My bet is on the dollar…

    ~According to Brandon Smith at:


  2. You’re bothering me here. Just getting back into this and now it’s all crashing down. I’m trying to pick up where I left off but it’s a rocky road. Seems my mind doesn’t want to function like it did a little over a year and a half ago when I stopped. I wonder what’s in the food [haha] that did this to me ?? I digress …. as per your question .. ‘I think it is possible’!! The crap in the middle east will be the tell in my eyes as to how soon.


    • I ain’t just another conspiracy nut (heh). Here’s a few more quoted at Activist Post (

      #1 Ron Paul

      “It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.”

      #2 Peter Schiff, CEO Of Euro Pacific Capital

      “This is a disastrous monetary policy; it’s kamikaze monetary policy”

      #3 Michael Pento, The Founder Of Pento Portfolio Strategies

      “This is the nuclear option for them. This is a never-ending weapon that is being fired at the middle class”

      #4 Donald Trump

      “People like me will benefit from this.”

      #5 Economist Anthony Randazzo

      “Quantitative easing—a fancy term for the Federal Reserve buying securities from predefined financial institutions, such as their investments in federal debt or mortgages—is fundamentally aregressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality formed by crony capitalism. And it is hurting prospects for economic growth down the road by promoting malinvestments in the economy.”

      #6 John Williams Of

      “That’s absolutely nonsense. The Fed is just propping up the banks.”

      #7 Marc Faber

      “I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election the next Fed chairman will also be a money printer. And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down.”

      #8 Mesirow Financial Chief Economist Diane Swonk

      “I think this will end up being a trillion-dollar commitment by the Fed”

      #9 Federal Reserve Chairman Ben Bernanke

      “I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem”

      #10 Credit Rating Agency Egan-Jones

      “[T]he FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US….”


  3. This just in:

    “On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.”

    I’m afraid Wiley Coyote, having run off the cliff some time ago, has finally looked down.


  4. It is a good thing Kudzu and dandelions are very nutritious. It is begin to look like we should all know what the edible plants in our area is. But the food supply is not what really worries me the most. I have had to eat off the land in the past, so I know I can do it if I have too. It is the mobs of people that don’t know what they can eat or how to get it that worries me. Protecting myself and my wife from the crazy assholes trying to kill us for what we have….. Just sayin’…


    • If things get bad enough (as in a Dollar crash), you can guarantee that people will get hungry. Hungry people will do almost anything to stop being hungry. I hope that its all a dream and I’ll wake up tomorrow when everything is ok.


      • Well Hoss, If you are having a dream, then I am having the same nightmare. I wish we would wake up. This nightmare is starting to resemble reality! Which makes things even more scarier…


  5. Pingback: Fed launches QE3
  6. What of those years ago who warned what NAFTA would do, as well as other things that were occuring back then. I remember then, buy American, was a strong voice, yet politicians did everything they could to kil that voice….nor have they done a damned thing to bring that voice back. That alone should tell people something ,what a bunch of sheep people are. Even Wal-mart back then sold American………now chinesse crap. What a bunch of sellout people have become !

    Wake up America! Do it on your own before that alarm clock does !


  7. I have read that it will be the bigest time of trouble since man was put on the earth and never to be repeated again,that if those days would not be cut shorth, no flesh would be left alive. Either way, it’s not something I want to live trough.


  8. Pingback: This Is Your Final Warning: The Worst Financial Disaster In 500 Years Is Nigh | Prepper Podcast Radio Network

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