Have you seen Camden, New Jersey recently? Detroit? They've already collapsed.
Obama may have been reelected "King of the Blue Counties" -- by a hair -- but most of the US is still red.
” The certain oncoming American economic collapse, when and how?”
How? Iran
When? When it wants to
bump
If you wish to know the how this happens, read up on the Weimar Republic - we are following their exact footsteps
A Humble Prognostication
Economic catastrophe starting about 2015
We have only seen a whisper of this
Entrepreneurs cease to Build Businesses, Jobs disappear
Distribution Channels Collapse
Health Care drops to level of Frontier Medicine
Government responds by Killing Self Love
and replacing it with Fear
About 20,000,000 deaths in US alone
possible as much as 1/3 population
Widespread suffering, starvation, pestilence
Cities will be death traps
The only thing to prevent it was to
permit a lesser catastrophe
But the cards are dealt now
Be Kind One to Another
Tenderhearted, Forgiving One Another
Do Justly, Love Mercy, Walk Humbly
Live in Christ
What if 12.6 percent of the hospitals in America outright close?
What if Catholic bishops aren’t bluffing?
http://hotair.com/archives/2012/03/01/what-if-catholic-bishops-arent-bluffing/
Earlier this week, Francis Cardinal George of the archdiocese of Chicago sent a message to parishioners in Barack Obama’s home town that imposition of the HHS mandate to fund and facilitate contraception, abortifacients, and sterilization would force the Catholic Church to close its hospitals, clinics, schools, and all other organizations that would otherwise have to comply. “Two Lents from now,” Cardinal George warned, “unless something changes, the page [listing Catholic organizations] will be blank.”
SNIP
The Catholic Church has perhaps the most extensive private health-care delivery system in the nation. It operates 12.6 percent of hospitals in the U.S., according to the Catholic Health Association of the U.S., accounting for 15.6 percent of all admissions and 14.5 percent of all hospital expenses, a total for Catholic hospitals in 2010 of $98.6 billion. Whom do these hospitals serve? Catholic hospitals handle more than their share of Medicare (16.6 percent) and Medicaid (13.65) discharges, meaning that more than one in six seniors and disabled patients get attention from these hospitals, and more than one in every eight low-income patients as well. Almost a third (32 percent) of these hospitals are located in rural areas, where patients usually have few other options for care.
SNIP
Of course, it’s not just hospitals. The Catholic Church runs over 7500 primary and secondary education schools in the US (where over a third of students are non-Catholics), educating more than 2.5 million students. Thanks to a near-blanket moratorium on vouchers, taxpayer money doesn’t get used in teaching these students in a system that has a 99% graduation rate and a 97% success rate at placing students in college. Based on an average student cost of $8000 in public schools, Catholic schools save taxpayers about $20 billion dollars a year.
Let's not assume that communism will fail in the United States. With the "Smartest Man in History"™ leading from our White House, I'm sure that socialism will be as successful in the United States as when it was tried in Afghanistan, Albania, Bulgaria, Czechoslovakia, East Germany, Ethiopia, Hungary, Mongolia, Poland, Romania, Russia, Somalia, and Yugoslavia - and as successful as it is today in China, Vietnam, Cuba, Venezuela, and North Korea. What could go wrong?
Most federal revenues come from individual taxpayers. Personal income taxes are the largest portion of total tax revenues. Social Security and Medicare payroll taxes are the second-largest source.
PERCENTAGE OF TOTAL FEDERAL REVENUE (2011)
Source: Congressional Budget Office.
Total Revenue: $2.3 Trillion (2011) $2.469 trillion (2012)
Social Security $819 Billion(2011) $841 billion (2012) (Running at a deficit)
Net = $1,481 Billion (2011) $1,628 Billion (2012)
$1,481 B Net Revenue / $16,200 B debt = 9.14%
$1,628 B Net Revenue / $16,600 B debt = 10%
It is not possible to cut spending and raise taxes combined to balance the budget. The head in the sand approach will not work. If they try to inflate away the debt, the interest alone will exceed our total revenue.
The government printing presses can’t keep this ponzi scheme going much longer.
The risk free rate of interest has traditionally been inflation rate plus 3 percentage points. Under Bush Sr. the average outstanding maturity of our National Debt was around 10 yrs. Clinton lowered that to around 3 yrs. It is as though we have our country financed on a variable rate credit card right now as the bulk of the debt is short term maturity and thus, very interest rate sensitive.
If they try to inflate us out of this mess with short term debt the interest rates will go through the roof.
Clinton changing the cost of living index in 1992 is what set us up for this mess. His selling gold futures and currency manipulation allowed it to continue. Bush W is not much better as he continued the practices.
All of the above, combined with taking us off the gold standard, put us in lala land financially in this country.
I’d guess a couple of omens will portend the actual collapse:
1. Another credit downgrade of U.S. debt
2. Look for the bids on U.S. 10 year notes to fall below 2 times offered debt at auction
3. Expect the Fed to jack interest rates in desperation - which will lead, of course, to MORE DEBT
4. This will cause inflationary pressures to hit hard. So hard that even the liberal press will start talking about inflation
5. Sudden, we’ll start seeing a lot of “UNEXPECTEDLY” news stories. “Unemployment UNEXPECTEDLY Rises to 9.5%”
6. Obama announces sweeping defense cuts and massive tax increases on the wealthy to combat the growing crisis
7. There is general unrest in the inner cities. It isn’t full-on riots, but flash mob robberies and assaults become a daily news story
8. A flash mob assault turns into Bernie Goetz style event, with 5-6+ dead. Naturally, THIS leads to looting, arson, and LA-style riots
9. Internationally, the EU totters on the brink of collapse. German sentiment to leave the EU goes to an all-time high. The sovereign debt crisis starts to boil over
Now we are at the tipping point, any number of events could kick off #10, which is an international crisis that leads to war. It could be.
10. Israel attacks Iran, leading quickly to a larger scale Mideast war.
10. Putin does something REALLY stupid when it comes to either Eastern Europe of international Arctic waters.
10. North Korea finally invades South Korea.
10. The EU crisis turns into another land war in Europe.
10. China invades either Taiwan or Japan (over those islands)
10. The U.S. defaults on debts, leading to an attack on the U.S. (This could actually happen as a result of monetizing the debt and foreign countries insisting the U.S. *not* pay in fiat dollars, but hard assets like gold.)
Almost every country has a debt crisis - some more than others. The only way out is for all the countries to decide NOT to pay. That will obviously be both the result AND cause of war.
Have you seen Camden, New Jersey recently? Detroit? They've already collapsed.
Obama may have been reelected "King of the Blue Counties" -- by a hair -- but most of the US is still red.
http://barnhardt.biz/
The Economy Is Going To Implode
I watched all 8 videos last night. Ann does a very good job of explaining some difficult economic conditions facing us right now. She thinks Jon Corzine should be executed by firing squad and everybody should be out of the stock market yesterday.
The Economic Presentation in 8 Parts (ANN BARNHARDT)
What's worse? WARIII! Look for it to began in the Middle East soon.
Pray this isn't the scenario:
But wait, there's more:
The Extinction Protocol: 2012 and beyond
Untold numbers of volcanic eruptions, massive earthquakes and possible tectonic plate shifts culminating with the start of the next ice age lasting for a mere 100,000 years. Oh, and don't forget the sun which has been acting strangely.
And finally for an added sign, check out the one coming next fall: New Comet Discovered—May Become "One of Brightest in History"
Interesting times! Mostly all of the bad parts of the Bible just over the horizon...
reaganator, the usa is on an unsustainable path and obama is not interested in changing the trajectory.
but, one thing to keep in mind is that the UK, Japan and the EU are in worse shape than the US, if you take the size of their banking sectors into account. the size of the banks is important because they hold so much gov’t debt. a sovereign debt crisis, becomes a banking crisis, which increases the scale of the sovereign debt crisis... it is a vicious positive feedback loop (europe is already in this loop)
because of america’s (relative to the economy) smaller banks, and because the usa so far is the world reserve currency, it is more likely that one of the other major economic entities will collapse first
the endgame for all of the usa, uk, japan and eu is weimar, IF central bankers like bernanke are in charge. If the USA is lucky, one of the others will go first, and the lesson will be learned.
remember, during the depression, additional weimars didn’t happen because everyone had the example of what happened to germany a few years earlier
Crazy as it is, if this collapse is coming my biggest fear is not of the collapse itself but that it doesn’t happen soon enough. My husband (aka gorilla)is 56 and I just turned 50. We have two boys 18 & 19 still living at home. Add to this numerous nieces and nephews with young children. I can’t bear the though of them going through this with out us being there to protect them. Faster please.
Just wait... as soon as dramatically higher inflation starts, this vile and ignorant Marxist POS will begin blaming the capitalist system and, more importantly, the “wealthy”. To his ignorant parasitic supporters, “wealthy” will be seen as anyone who has something they don’t - a nice car, a nice house, etc. As a result, anyone who has worked for these things (i.e. the productive citizens of the country paying to keep the parasites alive) are buying guns and preparing for the economic and societal upheaval. IMHO, its going to get really ugly before it gets any better...
The way they see it, they can't save America until they break it. As we have seen in this election, people will reach out for those promising to help them even if those people are the cause of the problem.
The left intends to provoke a mind-blowing world crisis that they can then lead the world out of into a brave new star trek world without greed or hunger.
They might even succeed, after a fashion. But even if they gain the power they want they will probably wind up with Hitler's Germany or Stalin's Russia rather than Star Trek.
Of course they may just plunge us all into a new dark age.
We have just passed the tipping point where the problems of our country can be solved through the ballot box.
The sooner the economic collapse comes the better. It will provide an opportunity to take back the country.
Look for the GOP to help us out by voting for total amnesty, allowing another $2.4 trillion to be added to the debt ceiling, raising taxes and doing nothing to stop the war on energy producers.
Just keep buying food and get a good water filter and enough weapons and ammo to protect it.
Ask the Mayans.
We already know the printing presses are running at full speed(this is a forced inflation to cause destitution). Historically, the dictators took advantage of an economic crisis, in our case they are creating it.
Second 0bama garnered more of the youth vote. This overlooked bit of information is important. He needs the destitution of the nation to rally the promises to the youth.
Third, we already had reports of MSM heading out to look for ‘right wing nuts’ to interview/mock by example. Mao did this just before he started nationalizing businesses and taking the farmland of the landlords.
Fourth we're witnessing some sort of regime purge. Both militarily and administrative. Historically, they would have been taken out and shot. Here, softly they retire? This I believe will change too. For their sakes I hope they take their families and get out of the country. As Patriots they may be able to help us more from outside the US than within it.
The collapse is pretty well staged at this point. Historically it is the ‘students’ who will tell us the collapse is underway. Under Mao it was the workers and students. I believe we are just a few months out and way past the tipping point. What is vastly different from the historical model is the leadership is already in place as opposed to having to seize power.
So I've been pondering...how much collapse do they need to flush out disinters and what will they do with us? Reading through other blog sites and some FB conservative host sites it is very clear that compromise to the liberals means total capitulation. Any dissent is willful disobedience, not just a different opinion. Business owners laying people off because they can't foot the 0bamacare requirements are deserving of losing their businesses entirely. No liberal understanding there are loopholes in the law for them to keep operating their business. So the temperment is just about right for a collapse and rise of ...the new America.
Rush was saying something like 14 months. Basically Christmas time next year. I think we'll be seeing much stronger indicators way before then.
It would have happened already except for the fact that a bunch of other countries are in worse shape.
When the market crashed, a flood of dollars started running out of the US Treasury markets. This halted and reversed when the rest of the world started tanking too.
It could happen tomorrow, or it could be delayed a year or two. I started preparing in 2007, but I need a couple of years to be able finish up the plan.
I know when Argentina collapsed, the banks closed. What I don’t know is what happened to the loans? Did people still have to pay mortagages? Did they still have to pay credit cards.
I know they couldn’t get their money out of the banks, but if they had savings in those banks, were they able to offset that balance against what was owed on their mortgages?