Skip to comments.How to Survive the Coming Final Dollar 'Bear Raid'
Posted on 01/19/2014 6:06:29 PM PST by markomalley
The new book Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack by Kevin Freeman is a stunning collection of factual research which lays out how a systematic international plan to bring down the U.S. dollar as the world's reserve currency. Freeman warns today's international effort to "crash the dollar" has reached critical mass: "Stage 3."
I have been writing about the increasing threat of economic and cyber war in my books and quoting Mr. Freeman for several years now. (For example, in The Inflation Deception p. 28-29) I wrote:
A Financial Pearl Harbor
According to Defense Department consultant Kevin D. Freeman, America in September 2008 suffered a financial Pearl Harbor, an internationally-launched coordinated computer raid designed to drain overnight trillions of dollars from our most important financial institutions. The resulting panic gulled Federal lawmakers into approving vast emergency bailout funds for banks, brokers and key corporations.
This remarkably-timed attack and resulting economic confusion persuaded voters to renew the liberal Democratic control of Congress and to elect a fresh and unknown-and-untested anti-capitalist radical community organizer as president.
According to Freeman, this attack was the culmination of three coordinated assaults that began in 2007 with a speculative run-up in oil prices that generated as much as $2 Trillion of excess wealth for oil- producing nations, filling the coffers of Sovereign Wealth Funds, especially those that follow Shariah Compliant Finance.
(Excerpt) Read more at breitbart.com ...
The article doesn't explain how the attack will take place especially why it would be quick. It might be better to treat the dollar to a slow lingering death rather than a quick death. Our enemies may not have much use for gold or silver either except as a proxy for the commodities that they can't obtain without the PMs.
Primarily they want to sideline America to ensure that they can occupy the rest of the world. It will take more than a quick crash of the dollar to do that. While they might charge more for strategic goods, they may for example sell us a nice supply of rope cheaply.
America needs industry.
Stop buying everything from China.
Bring back US industry.
The reason that the US is vulnerable to a dollar bear raid is because the US government has adopted policies that make us vulnerable. You can’t blame China for our profligate spending, high taxes, and out of control regulation.
Even if we stopped importing from China today, we don’t have the skills or machinery to rebuild. It would take YEARS and capital that does not exist.
Manufacturing is gone. And it ain’t coming back soon.
Mr. Palmer, pay no attention to the shallow and unstudied response from the Cringing News Network. Cringing is a one note tune. Here’s what he said recently on a post dealing with China as a military threat.
I do NOT see our own government as a threat. Our own government is simply a mess.
Cringing has my vote for best FR comment of the year!
We need industry.
America cannot remain strong without industry.
America needs to remain strong. Powerful.
All the current trends are in the wrong direction. The end result of what is currently happening, is a catastrophe.
We are not there now. But we need to stop buying everything from China.
Bring back American industry.
If this is true, where does one put their investments?
Currently long on Exxon, TIPS, various mutual funds
Americans are as addictied to cheap Chinese junk (as from ChinaMart) as they are to cheap money, and will never stop buying Chinese.
Not until the SHTF.
And the number of us who refuse (as much as we can) to buy Chinese is small and always will be.......
It’s nonsense to hope for it......
Glad to see Freeman getting some attention on FR. I tried to spread the word about his first book ... Secret Weapon ... but there was little interest here.
Freeman’s done his homework ... he know what he’s talking about. I hope people read his books and take note of all that’s going on in the financial world.
“Even if we stopped importing from China today, we dont have the skills or machinery to rebuild. It would take YEARS and capital that does not exist.
Manufacturing is gone. And it aint coming back soon.”
The Germans didn’t make the mistakes our government made—they still have the needed machinery and very skilled workforce (constantly being replenished by their education institutions and practices) to support manufacturing industry. And they manufacture products very much in demand throughout the world. They just have to resist the impulse to support their lazier European compadres (and thus commit financial suicide).
The United States could rebuild its manufacturing infrastructure and capabilities IF IT DESIRED. We would have to re-prioritize how our capital is allocated. Germany makes top notch machinery and would be more than happy to supply us. But I fear that our current national leadership is more interested in enriching their cronies than undertaking the hard lifting of rebuilding our industrial might.
You are correct. We can choose to increase Social Security, Food stamps, or pay our debt. Now pick 2 in that group to cut, and rebuild our infrastructure on a declining tax base ( if we cut ties with China.)
Cutting Social Security gets you voted out of office.
Cutting benefits gets you civil unrest, at best.
Cutting out paying our debt, bring war.
We are painted into a corner. We need McGyver for a President to get us out of this.
It was a panic, not an attack. International investors are trying to continue artificially propping the dollar and to keep it as the reserve currency. There are balance of payments deficits because of the trade deficits. Without an enormous increase in our manufacturing base on U.S. soil very soon to provide real revenues (not U.S.-”based” manufacturing on foreign soil), bonds yields will rise rapidly, while prices plummet.
Interest rates will skyrocket, then radical market plunges, layoffs, etc. Bond prices will collapse, resulting in haircuts for bond investors and pensioners. Hasty, deep cuts in government spending too late, resulting in even fewer consumers spending. Vicious cycle. The dollar will drop like a rock. More self-sufficient countries and groups of countries will keep oil prices high.
What is the conventional wisdom as far as renting/buying at a time like this? I heard a dollar collapse would cause rent to skyrocket, so it’d be better to buy now with a locked in interest rate. Is that true?
Increased oil production is accomplishing a lot of that. Without it, we'd have crashed several years ago.
Gosh, that looks like a pattern, doesn't it?
American investors have bet short, on their own country.
Going long on a nation, which won’t even allow them to buy land.
America needs to encourage American investment again.
I wish I had a sure answer for your question, but I don’t. Sorry. Many who are able to buy with cash are buying houses for rentals from auctions and short sales. Rentals have been going up. Nearly half of all sales have been cash sales.
But at the uglier end of the default process, which demographic will be capable of paying rent? If you can find an answer to that question for your area of interest, you’ll most likely be able to get paying tenants for a house or apartment.
It might be worth a look at a country in a more advanced point in default (a country with social customs nearest to our own) to see what kinds of work will be successful during harder times. I would suspect that with real economic rebuilding necessary, people in vocational/technical work would begin producing again. But they might not get much income for some time for lack of general consumer wealth.
One might consider the most essential and necessary of government jobs when considering renters, too. For example, there will always be police, although police during a deeper economic lull may be working for less. And there might not be as many of them.
Infrastructure jobs will probably also go on (water, utilities, etc.). Transportation and roads are very necessary for continued revenues to business and government. Last but not least, older folks may also be relatively poor in the future, but they won’t be completely dumped. At worst, Social Security may be transitioned to something more means tested and less expensive (decreased benefits for all but still in existence).
It’s too bad that small home businesses—especially tiny manufacturing operations—are outlawed by most local governments. Those could be another source of rent payments and revenues in tough times.
The more domestic oil production, the better! That’s a good point.
But we do need more than that. Most of the countries that are net exporters (which we’re not) are rather ugly outside of tourist resorts and have fragile and often changing political situations. That’s the way that we’re headed.
Obviously, which is why the left fights low oil prices tooth and nail. Unfortunately, their sponsors, virtually all owners of tax-exempt "charirtable" foundations, are major stockholders in the energy business. They LOVE high prices with little investment risk virtually guaranteed by environmental regulations.
Well said and true.
America needs an educated, not indoctrinated, populace.
America needs to stop robbing Peter to pay Paul.
America NEEDS to stop child sacrifice, stop celebrating perversion and return to God.
Barring that, you can build factories all day long to no avail.
IIRC Ron Paul has spoken to this for quite a while now.
Agreed on all points.
That all said, China does not act the same way, that America acts.
China does not allow foreigners, to buy or own (for all intents) anything.
Land. Companies. Everything remains in Chinese control.
China maintains control over their entire operation, while they buy and eliminate American companies.
I say enough.
Bring back jobs to America.
Stop selling out America.
Again, thanks for your response.
Maybe not to the North ha ha. You're one negative pissant.
So now you are going to start following me from thread to thread?
I am not negative. I am pragmatic.
You are so busy fighting the wars of the 1860’s you dont realize the USA of the 21st Century is in the crapper.
All the more reason to study the past. Secession is a good option when all else fails, which it is.
Yeah, worked out well last time.
I agree with what the article has stated..that this was planned. I paid very careful attention as this went down....it was not hard seeing ‘something else’ was behind this event then what was being reported. Some, back then mentioned the huge withdrawals happpening on purpose..... There was way too many indications and evidence we were being played in a larger scheme. I believed it then and have no difficulty seeing it now.
Thank you for posting this..
True...but the game being played on the International Court is so often hidden and or clouded at best, we generally see only the “evidence” things are in play and often after the fact.
We may know there is a push to crash the dollar...the means , how and when that will be accomplished is speculation at best...confounded by the theorist's who are a great distraction from the facts. I often have thought even many of those are begun by those who really know what's going on in order to distract.
Whatever is to come you can be sure it will come with speed, urgency, and likely from so many directions that "panic" will be the likely response for a time......but even that is calculated into the agenda.
...”Bring back jobs to America”...
Why would they return when they can pay a China-man or third world person to do it for $4 a day? Heck I read all those guys you see hanging from China’s bridges get $10 to $14 dollars a day to build them and work their road construction crews....and that with a high death rate.
When our country began building and developing as it did...their were no regulations, and certainly nothing to stop it...China is in that mode...it doesn’t matter to them about safety and such...just grow, develope and build.
Heck our infastructure is bad and far from being fixed here with the rates unions set...and why we continue to fast become a third rate nation.
When you look at the Middle East cities and those going up throughout the developing countries...we are old/antique by comparison. Our cities build sports arenas and entertainment centers and think that’s really something.
The best and our brightest are going to where the action is, and it isn’t here....
....”The United States could rebuild its manufacturing infrastructure and capabilities IF IT DESIRED”....
Well that is key....don’t know if we have the manpower willing to get their hands dirty in manufacturing today, you got to be a man or woman who wants to feed their family and has the dignity to do so regardless if he wears jeans to the job or not. I don’t see this in our population today. Most want to sit behind a computer ‘job’....have meaningless meetings..and pretend they are significant.