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Preparing for Global Collapse (Liberals Bent on Economic Apocalypse)
FrontPageMag ^

Posted on 12/03/2009 11:06:09 AM PST by TruthHound

...To begin with, many governments currently find themselves on the verge of bankruptcy. Having tried to spur economic growth through vast injections of new money, they have contracted immense public debts. “High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt,” concludes Société Générale in its report.

Leading the way is the United States which posted a deficit of nearly 10 percent GDP during the last fiscal year. The Obama administration projects that America’s national debt will exceed its annual economic output in the 2011 fiscal cycle. It will then continue expanding as far as the eye can see, reaching 107 percent of GDP in 2019. It should be remembered that these are the administration’s own figures, which almost always tend to be too optimistic. The reality is likely to be worse.

The deep indebtedness of western governments raises serious questions about their financial viability. Ambrose Evans-Pritchard, the Telegraph’s International Business Editor, puts it bluntly: “Almost all western governments are insolvent… we are bust.” Evans-Pritchard is correct. The level of indebtedness is unsustainable. Unable to squeeze much more from taxes, sooner or later western governments will have to start defaulting. The default will very likely take the form of high inflation as governments will try to print away their immense debt burden. This will, of course, have dire economic repercussions....


TOPICS: Business/Economy
KEYWORDS:
It's all-in with nothing in the hand. That's what unrestrained global liberalism has gotten us.
1 posted on 12/03/2009 11:06:10 AM PST by TruthHound
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To: TruthHound

I know, but the tinfoil hats, Alex Jones-types may be onto something with the globalists moving forward with a created crisis, currency re-alignment, climate treaty, ICC courts and unfettered border crossing...mixed with heavy taxation and a never-ending bureaucracy.

If you were trying to make things improve, you would do exactly the opposite of what Obama and Congress are doing, could it be to unite the world under a Global Government?

Sure looks like it.


2 posted on 12/03/2009 11:09:52 AM PST by wac3rd (Felipe Calderon supports the public option.)
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To: TruthHound

I know, but the tinfoil hats, Alex Jones-types may be onto something with the globalists moving forward with a created crisis, currency re-alignment, climate treaty, ICC courts and unfettered border crossing...mixed with heavy taxation and a never-ending bureaucracy.

If you were trying to make things improve, you would do exactly the opposite of what Obama and Congress are doing, could it be to unite the world under a Global Government?

Sure looks like it.


3 posted on 12/03/2009 11:10:14 AM PST by wac3rd (Felipe Calderon supports the public option.)
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To: TruthHound

That’s what happens when you have the people who DON’T PRODUCE MAKING THE DECISIONS FOR THE PEOPLE WHO DO.


4 posted on 12/03/2009 11:11:52 AM PST by BradtotheBone (Moderate Democrat - A politician whose voting record leans left and whose vote can be bought.)
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To: TruthHound

I’d be interested to see a chart with the debt ratio for the major countries around the world. The nations still in good shape are the ones to watch, likewise the failures are the best candidates for rolling into some kind of “co-prosperity sphere” or other touchy-feely euphemism for supranational government.


5 posted on 12/03/2009 11:13:52 AM PST by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: TruthHound
Nevermind. I found one:


6 posted on 12/03/2009 11:17:47 AM PST by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: TruthHound
Recession, Depression, Deflation, Inflation, Collapse Or Recovery?

[snip]

"The Fed has to do one of two things: They either have to pull $1.5 trillion out of the system by June, which would collapse the economy, or face hyperinflation. This is why the Fed has instructed banks to inform them when and how much of the TARP funds they can return. At best they can expect $300 to $400 billion plus the $200 billion the Fed already has in hand."

7 posted on 12/03/2009 11:19:06 AM PST by blam
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To: wac3rd

If it’s worth saying once, it’s worth saying TWICE!!!

:)


8 posted on 12/03/2009 11:21:25 AM PST by PetroniusMaximus
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To: wac3rd

Global Government was the goal of the AGW hoax,
and also the goal of destroying our currency (to be replaced with a global currency).


9 posted on 12/03/2009 11:21:36 AM PST by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: TruthHound

In order to usher in utopian socialism, capitalism must be destroyed. That’s been the historic pattern all over the world. Our Democrat “masters” are deliberately bankrupting us.


10 posted on 12/03/2009 11:22:45 AM PST by Bernard Marx ("Civilizations die by suicide, not from murder" Toynbee)
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To: wac3rd
I have no tin-foil hat in my closet, nor anywhere else, and yet I have concluded that there is an intentional effort underway to overwhelm and collapse our political and economic structures; the better to impose a "new order" upon them.

This is neither a conspiracy nor the work of some secret cabal but rather the open, out-in-the-daylight efforts of institutions, foundations and individuals with a common interest in global governance, social control and resource reallocation.

11 posted on 12/03/2009 11:24:53 AM PST by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Bernard Marx
Our Democrat “masters” are deliberately bankrupting us.

Then I think we all know what our only hope is. How long do we wait?
12 posted on 12/03/2009 11:28:00 AM PST by Overtaxed Patriot (Lock and load)
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To: BradtotheBone

“That’s what happens when you have the people who DON’T PRODUCE MAKING THE DECISIONS FOR THE PEOPLE WHO DO.”

Well said. Liberal Washington is disconnected from reality. For example, while the rest of the country is suffering severe unemployment and financial hardship, the federal government keeps growing apace — by recklessly spending everyone else’s money.


13 posted on 12/03/2009 11:30:27 AM PST by Starboard
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To: TruthHound
By sheer chance I tuned into a Senate Budget Committee hearing on C-SPAN. I was so fascinated I watched the whole thing. There was a concensus among Dims, Reps, and witnesses. Here is what lies before us:

Our problems cannot be fixed with "Regular Order," i.e. can't be fixed by Congress. There will have to be a special commission with near dictatorial powers (like the Base Closing Commissions) to apply the medicine.

Expect a Value Added Tax.

14 posted on 12/03/2009 11:33:36 AM PST by Malesherbes (Sauve Qui Peut)
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To: wac3rd

I agree. Something is up and we are to pigheaded to believe we are being led over a cliff.

2010 will be a teller. If the public steps up to throw the current regime out and it fails to happen, we will have proof.

Now, how many pigheaded dolts will say. Well, wait until 2012?

That is the reason we are here today.


15 posted on 12/03/2009 11:34:44 AM PST by dforest (Who is the real Jim Thompson? I am.)
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To: TruthHound

Simple strategy. You can’t have total power until after the total collapse.


16 posted on 12/03/2009 11:35:36 AM PST by Republic of Texas (Socialism Always Fails)
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To: TruthHound

It’s all by design.


17 posted on 12/03/2009 12:10:18 PM PST by presently no screen name
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To: TruthHound

There is really no way out, however, those who prepare for the inevitable collapse of living standards will be able to live in relative freedom from misery. Third-world living is simple and can be very healthy, although there won’t be a horribly expensive medical system to keep you going past your prime. Look at how people lived years ago before petroleum, and before the government’s creation of false prosperity through debt. Add in a lot of technological advances that will still be cheap to implement, and it’s not so frightening really. On the other hand, those who can’t learn to adapt will suffer greatly.


18 posted on 12/03/2009 12:38:00 PM PST by gorilla_warrior (Metrosexual hairless RINOs for hopey-changey bipartisan-ness)
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To: wac3rd
If you were trying to make things improve, you would do exactly the opposite of what Obama and Congress are doing, could it be to unite the world under a Global Government?

They have gotten away with "unintended consequences, look at the man behind the curtain" for so long perhaps they think they stll can. After 70+ years of socialists programs we should by now know the consequences are intended.

19 posted on 12/03/2009 7:13:54 PM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: andy58-in-nh
If you were trying to make things improve, you would do exactly the opposite of what Obama and Congress are doing, could it be to unite the world under a Global Government?

It is called the Cloward-Piven Strategy, named after two Leftists psychologist, and it proposes just that - overloading the system so that it fails. They have been using it for years. That is how ACORN and associates work. They turn in thousands of new registered voter and/or absentee ballots at the last minute knowing there is no way for the registrars to check them before the vote.

They do it everywhere in every venue and it works. They use our moral values and our freedoms to destroy us.

20 posted on 12/03/2009 7:27:39 PM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: gorilla_warrior
On the other hand, those who can’t learn to adapt will suffer greatly.

I'd guess about a third of the population will perish.

21 posted on 12/03/2009 8:23:54 PM PST by meadsjn (Sarah 2012, or sooner)
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To: Mind-numbed Robot
I'm quite aware of Cloward-Piven. I even recall reading the original articles from The Nation magazine back when I studied political science in the mid-1970s (many Ivy League professors were Marxists, even back then).

The idea was brilliant in its simplicity. It was also entirely welcome to a Left no longer willing to back up its revolutionary rhetoric with street protests and Molotov cocktails, because the draft had ended and the Vietnam War had effectively been defunded by Congress. All they had to worry about now was finding an appropriate post-graduate path with which to avoid having to earn a living in the private sector. That path was supplied by graduate-level social science studies, foundation grants, non-profit institutional programs and government bureaucracies.

Thus began the "long march through the institutions" (Mao's phrase) in which the newly-minted academic activists pursued careers in government and public policy, eventually taking control of the academies and bureaucracies while directing their purpose toward promoting a Progressive expansion of state power.

What we are seeing now, under Obama and a Progressive-ruled Congress is the end game, in which demands upon "the system" are being purposefully multiplied in pursuit of the old Marxist dialectic of collapse and rebuilding. And what they plan to rebuild looks nothing like the old America, and much more like the old Soviet Union with its command economy, single party politics and mechanisms of social control under the banner of a beloved (or else) Dear Leader.

22 posted on 12/04/2009 6:07:00 AM PST by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: andy58-in-nh

You are indeed well aware of what is going on. I have preached the same as you but most to whom we preach haven’t experienced what we have and have also been misinformed by the professors and the MSM.

In my discussions I have traced the movement in the USA as far back as the early 1900s and Woodrow Wilson through FDR, LBJ, Carter, Clinton and now, under a trained Marxist to, as you say, push the ball over the goal line to begin the “rebuilding.”

It is also very irritating that they are able to get the rest of us to pay for our own destruction by their always finding positions that are paid for by the taxpayers or by some long deceased entrepreneur’s foundation.

Your description of how they managed to avoid gainful employment in the real world by creating the graduate positions, government grants, NGOs, etc., is very important. That is why the cost of education is continuing to rise. There is much more to support and for longer than a four year sojourn through the halls of higher learning. It is also why the grads are less useful to employers in the real world than before.


23 posted on 12/04/2009 8:02:24 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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