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Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*

 
ScrumpTheTexan
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01/21/2011 03:16 PM

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Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*

I don't make predictions or 'set doom dates' here on the board... but I don't foresee anything but darkness in 2011 for the Economy of The United States... and The World.

If December 31 2011 arrives with no hint of dire economic times... if we're still limping along in 'recovery'... I'll gladly stand corrected with a smile.

But I don't see that happening...


PROTECT YOURSELVES.

Scrump
-----------------------------------------------------------
The Articles
-----------------------------------------------------------

A Trillion Here, a Trillion There...
January 18, 2011

A billion here, a billion there, and pretty soon you're talking real money.

--Attributed to the late Sen. Everett Dirksen

With the kinds of numbers we are seeing nowadays, I reckon the good ole Republican Senator from Illinois might have been known for a slightly different quip if he had lived for another 40 years or so:

Consumer credit outstanding: $2.4 trillion
[link to blogs.wsj.com]

Mortgage debt outstanding: $10.6 trillion
[link to www.federalreserve.gov]

Federal debt outstanding: $14 trillion
[link to www.stltoday.com]

Commercial/multifamily mortgage debt outstanding: $3.2 trillion
[link to www.mbaa.org]

Municipal bonds outstanding: $2.8 trillion
[link to www.philly.com]

Corporate debt (non-financial companies) outstanding: $7.4 trillion
[link to www.msnbc.msn.com]

Public pension underfunding: $2.5 trillion
[link to www.cnbc.com]

Infrastructure investment needed: $2.2 trillion
[link to www.infrastructurereportcard.org]

U.S. fiscal gap: $202 trillion
[link to www.bloomberg.com]

Not so funny anymore...

[link to www.financialarmageddon.com]

falling2011

The Great Depression II

January 18, 2011
By Kirk W. Kelsen


One basis for deciding whether we are in a "recession" or a "depression" is distinguishing how recessions become depressions.

With the hindsight of history, we already know.

...

In Franklin Delano Roosevelt's 1933 inaugural address he lectured that "The only thing we have to fear is fear itself," suggesting Americans suffered irrational neuroses.

This is not at all true.

Americans made entirely rational and prudent business decisions amidst considerable uncertainty.

Though FDR is invariably cast as heroically facing down near-insurmountable economic travails, the less-flattering diagnosis is much more obviously true: he caused them...

[link to www.americanthinker.com]

dollargasp

$600 TRILLION DERIVATIVES MARKET - ICE TRUST DECIDES AGAINST REGISTRATION - THERE WILL BE NO TRANSPARENCY - SYMBOLIC GESTURE - DODD - FRANK OVERHAUL

Derivatives Clearing Group Decides Against Registration
By Ben Protess
December 28, 2010


The world’s largest clearinghouse for credit-default swaps, ICE Trust, has had second thoughts about registering with regulators, citing concerns over new rules devised to bring transparency to the $600 trillion derivatives market.

A spokesman for ICE declined to comment...

[link to www.abeldanger.net]


Are Interest Rate Derivatives a Ticking Time Bomb?
WEDNESDAY, APRIL 21, 2010

Derivatives are the world's largest market, dwarfing the size of the bond market and world's real economy.

The derivatives market is currently at around $600 trillion [link to www.nytimes.com] or so (in gross notional value).

In contrast, the size of the worldwide bond market (total debt outstanding) as of 2009 was an estimated $82.2 trillion [link to www.aametrics.com]

And the CIA Fact Book puts the world economy at $58.07 trillion [link to www.cia.gov (secure)] in 2009 (at official exchange rates)...

[link to www.washingtonsblog.com]

feddees2

Ben Bernanke’s Third Mandate: Prop Up Stock Prices
by MARK on JANUARY 16, 2011 ·

As it currently stands, the Fed is assigned by law “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” The last two goals are really one, thus the term “dual mandate.”

There is call now to remove the goal of promoting maximum employment, and turning it into a single mandate. But it sounds like that while we’re talking about removing one mandate, Fed Chairmain Ben Bernanke has already given himself a third one...

[link to www.economiccollapse.net]


World needs $100 trillion more credit, says World Economic Forum

By Emma Rowley 8:49PM GMT 18 Jan 2011

The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum.

The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009

This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos.

But researchers warned that leaders must be wary of new credit "hotspots", where too much lending takes place, as the world emerges from a financial catastrophe blamed in large part "to the failure of the financial system to detect and constrain" these areas of unsustainable debt.

"Pockets of credit grew rapidly to excess – and brought the entire financial system to the brink of collapse,"...

[link to www.telegraph.co.uk]

houseacards

Glenn Beck: Federal Reserve is the "main cancer" of the system
January 4, 2011




George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order
The Economic Collapse
Jan 3, 2011


In the video you are about to see, George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency.

So just who is George Soros? Well, he is a billionaire “philanthropist” who came to be known as “the Man Who Broke the Bank of England” when he raked in a staggering one billion dollars during the 1992 “Black Wednesday” currency crisis...

[link to www.infowars.com]

George Soros- The United States Must Stop Resisting The Orderly Decline Of The Dollar and NWO




71% Oppose Raising Debt Ceiling As Congress Prepares To Ignore Supermajority's Wishes Again
Submitted by Tyler Durden on 01/12/2011 09:30 -0500

Just in case there was any confusion that congress (and its Wall Street superiors) almost work for the majority, but not quite, here is some additional evidence: "The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.

Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase."

Yet somehow the market has already factored in that no matter what happens, Congress has no choice but to continue heaping on the debt, and following this week's auctions, the total should approach $14.1 trillion in debt, cutting the buffer by another $100 billion. Which is why expect to hear many more threats of untold destruction should Congress actually side with the supermajority for once...

[link to www.zerohedge.com]

Glenn Beck Part 1 - Stoking The Fires Of Violence Part 1 & 2- 1/4/2011






Federal Debt Jumped $463.6 Billion In First Quarter of FY 2011–As Government Borrowed an Additional $1,500 Per Person in U.S.
January 18th, 2011
by TheFuturesPast


Here is where the total national debt stood in millions of dollars on the last day of each quarter in each of the last nine fiscal years: (at link)...

[link to investmentwatchblog.com]

marketwatch

National Debt Tops $14 Trillion
Posted by Mark Knoller
January 3, 2011 5:57 PM

The latest posting today of the National Debt shows it has topped $14 trillion for the first time.

The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52.

It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February.

The federal government would have to stop borrowing and might even default on its obligations if Congress fails to increase the Debt Ceiling before the limit is reached...

[link to www.cbsnews.com]

Federal Reserve's $600 Billion Stimulus Will Destroy The Economy
November 6, 2010




Remember this?

Zimbabwe to print first $100 trillion note
January 16, 2009

Zimbabwe's central bank says it will soon introduce a 100 trillion dollar note as the once prosperous country battles to keep pace with hyperinflation that has caused many to abandon the country's currency...

[link to articles.cnn.com]

stttrillion

Remember this? It was "only" gonna be a few hundred billion...

Sticker Shock: $23.7 Trillion Bailout?

July 21, 2009
TARP Special Inspector Says Treasury Is Keeping Taxpayers in the Dark

"The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system.

Yes, $23.7 trillion.

"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable...

[link to abcnews.go.com]

Housing Market Plunge Passes Depression's
Jan. 13, 2011
Zillow.com: 26% Drop in Prices Worse than the 25.9% during Depression; Expert Explains Meaning for Buyers and Sellers Alike

1M Foreclosures in 2010: Outlook Gets Bleaker

(CBS) NEW YORK -- Home prices fell for the 53rd straight month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.com.

Prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered in the five years between 1928 and 1933, the housing data company reports.

The word comes on the heels of figures showing banks repossessed more than one million homes in the U.S. last year -- and they're expected to take back even more this year...

[link to www.cbsnews.com]

Over 1 million Americans seen losing homes in 2011
By JANNA HERRON, AP
Thu Jan 13, 5:26 PM EST


NEW YORK — The bleakest year in the foreclosure crisis has only just begun.

Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and industry experts say more people will miss payments because of job losses and also loans that exceed the value of the homes they are living in.

"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc. The firm predicts 1.2 million homes will be repossessed this year.

The blistering pace of foreclosures this year will top 2010, when a record 1 million homes were lost, RealtyTrac said Thursday...

[link to www.comcast.net]

China newspaper warns of disaster over Fed move
November 7, 2010 8:51 PM EST

Washington's latest move to print more money is a form of indirect currency manipulation that could lead to a new round of currency wars and even global economic collapse, a leading Chinese newspaper warned on Monday.

The United States last week announced it would inject an extra $600 billion into its banking system in its latest effort to boost a fragile economic recovery, prompting criticism from a number of countries, notably China and Germany.




The overseas edition of Communist Party mouthpiece the People's Daily said in a front page commentary that this quantitative easing was bad for China and bad for the world.

The Federal Reserve's actions will "touch off a global competition to devalue currencies ... (leading to) a 'currency war' and trade protectionism, threatening the global economic recovery", Shi wrote.

"Exchange rate wars are in fact trade wars, and if they set off a trade war it won't only threaten the global economy, it will perhaps cause a collapse...

[link to www.ibtimes.com]

Bernanke Lies Under Oath re: Monetizing Debt





Why America's credit rating might be cut, and why it matters
POSTED ON JANUARY 17, 2011, AT 9:31 AM

Moody's and S&P have warned that the U.S. is in danger of losing its AAA credit rating. How could that happen, and what would it mean?

Two major credit-rating firms have warned [link to online.wsj.com] that the U.S. is at risk of losing its AAA rating.

Analysts at Moody's and Standard & Poor said the U.S. credit rating — currently at the highest possible level — could be downgraded if the country continues on its present course. The U.S. national debt is around $14 trillion and rising [link to online.wsj.com] and the government must pay over $200 billion a year [link to online.wsj.com] just to service it.

The credit agencies worry that the U.S. is not doing enough to shrink its debt levels. The consequences of a downgrade could devastate the U.S. economy...

[link to theweek.com]

Nassim Taleb Rips Ben Bernanke, the Fed and QE2



The Feds To Push Us Into Depression
TUESDAY, JANUARY 18, 2011

Humans, for whatever reason, tend to project the past into the future. It is an emotional flaw in our genetic makeup.

It is also the reason why so many otherwise intelligent people miss the big turning points in the economy and stock market.

A classic example occurred in the summer of `07. The sub-prime market was just starting to implode. With the benefit of hindsight we now know that was the beginning of the end for not only the stock market but the global economy.

Unfortunately because we couldn't read the writing on the wall we trusted that the Fed would "fix" this minor blip but cutting rates aggressively and spewing out an avalanche of freshly counterfeited dollar bills. It did not fix the credit markets...

Amazingly enough we are ready to repeat this process all over again. The writing is on the wall and virtually no one can see it.

It is going to start in the municipal and state bond markets.

muni2011

I should say it's already started...

[link to thecomingdepression.blogspot.com]

China Says the End of the Dollar is Near
Andrew Brown
Wall Street Journal
January 16, 2011


Hu Highlights Need for U.S.-China Cooperation, Questions Dollar

BEIJING—Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency...

[link to www.infowars.com]

[link to online.wsj.com]

dollardees

PRELL: China: U.S. No. 1 no more
China's ambitions are not modest
By Michael Prell -The Washington Times 5:54 p.m., Wednesday, January 19, 2011

"If China becomes the world's No. 1 nation... ." That was the headline in the official newspaper of the Chinese Communist Party, The People's Daily, on the eve of Chinese President Hu Jintao's state visit to Washington. The article went on to boast how "China's emergence is increasingly shifting to debate over how the world will treat China, which is the world No. 1 and has overtaken the U.S."

A story like this does not appear by accident in the official Chinese Communist Party newspaper on the eve of a state visit to the world's (current) No. 1 power, the United States.

It was a signal. The latest and boldest signal yet that China intends to become the world's No. 1 power...

[link to www.washingtontimes.com]

Fed Leads America "To The Brink Of Collapse" with QE2: Paul Watson





Another Sign of the Dollar Collapse: World Bank Issues First Yuan Bonds

by JERRY ROBINSON on JANUARY 5, 2011

HOUSTON, Jan. 5 – In yet another sign of the coming collapse of the Dollar as the sole international reserve currency, the World Bank issued its first bond denominated in the Chinese yuan currency in Hong Kong on Wednesday...

While the issuance raised only 500 million yuan ($76 million), it provides further evidence that the the global economy is in search of alternative currencies to the diseased U.S. Dollar...

[link to ftmdaily.com]

crashdees

China, Russia quit dollar
By Su Qiang and Li Xiaokun (China Daily)
Updated: 2010-11-24 08:02


St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday...

[link to www.chinadaily.com.cn]

11/29/2010 Peter Schiff: DOLLAR DECLINE: China And Russia Drop Dollar




India to drop US buck in Iran oil dealing
Jan 1, 2011 20:13 Moscow Time

India may drop the US dollar as payment for oil from Iran. The replacement would be the Japanese yen and the Emirates dirham...

[link to english.ruvr.ru]

Turkey to drop dollar in trade with Iran, China

Submitted by cpowell on Wed, 2009-10-28 23:40
From RIA-Novosti, Moscow
Wednesday, October 28, 2009


[link to en.rian.ru]

ANKARA, Turkey -- Turkey is switching to national currencies in trade with Iran and China, ending dependence on the U.S. dollar and the euro for about 20 percent of its commodity turnover, local media reported on Wednesday...

[link to www.gata.org]

Iran to completely drop dollar from foreign exchange
by THETOTALCOLLAPSE.COM on OCTOBER 19, 2009

Editor’s note: I guess this means an attack is imminent.

Iran’s Trade Promotion Organization has announced a near future plan to completely exclude the US dollar from the country’s foreign revenues and reserves...

[link to www.thetotalcollapse.com]

Microsoft Bets Long Term on Stable Ruble
19 January 2011
By Olga Razumovskaya


Microsoft Russia demonstrated its confidence in the ruble on Tuesday when it announced that it will begin conducting business in the currency with local partners starting March 1.

Nikolai Pryanishnikov, president of Microsoft Russia, said at a news conference that he hopes this may start a trend among other major market players...

[link to www.themoscowtimes.com]

domino1

World Bank Warns It Could Happen Again
Submitted by Robert Oak on Thu, 01/13/2011 - 00:54

Just when you are lulled into sleep, thinking the financial crisis is over, here comes the World Bank with different ideas.

While they start with how the world has economically recovered and all is well, later in the report are some not so swell numbers for the U.S. as well as warnings that the Globe could return to the financial crisis of 2008...

[link to www.economicpopulist.org]

feddees1

States Warned of $2 Trillion Pensions Shortfall
Published: Tuesday, 18 Jan 2011 | 4:51 AM ET Text Size
By: Nicole Bullock, Financial Times


US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund.

The severe US economic recession has cast a spotlight on years of fiscal mismanagement, including chronic underfunding of retirement promises.

“States face cost pressure, most prominently from retirement benefits and Medicaid [the health programme for the poor],” Orin Kramer told the Financial Times.

“One consequence is that asset sales and privatisation will pick up. The very unfortunate consequence is that various safety nets for the most vulnerable citizens will be cut back...

[link to www.cnbc.com]

Must See: Nordea's Chart Of The Week - Collapsing US Import Demand
Submitted by Tyler Durden on 12/17/2010 12:09 -0500

Every massive inventory accumulation.... has an equal and opposite effect on GDP.

To all those who snickered at the earlier chart of the BDIY, we recommend you read the following brief blurb from Nordea, whose implications may put everything you have heard about a surge in GDP in Q4 and Q1 (primarily from the Goldman bull brigade) in a just slightly different light...

[link to www.zerohedge.com]

Glenn Beck-Food Prices Will Rise 700% to 1000% or more in 2011


http://video.godlikeproductions.com/video/Glenn_Beck-Food_Pr​ices_Will_Rise_700_to_1000_or_more_in_2011?id=90fd1a5bf60b681​9356


Food Prices Spike Worldwide: And They're Going Higher
posted by: Shannon M. 13 days ago

The United Nations' Food and Agricultural Organization (FAO) yesterday released the bad news: food prices are the highest they've ever been [link to www.theglobeandmail.com]

And they're going to get higher...

[link to www.care2.com]

Glenn Beck Part 1 - Prices Will "Necessarily" Skyrocket Part 1 & 2 1/6/2011


http://video.godlikeproductions.com/video/Glenn_Beck_Part_1_​-_Prices_Will_Necessarily_Skyrocket_162011?id=62dfc3d1139a5e9​185a


http://video.godlikeproductions.com/video/Glenn_Beck_Part_2_​-_Prices_Will_-Necessarily-_Skyrocket_1-6-2011?id=931330c1f58​e110fc27


Oil Price Could Reach $110 in Next Few Weeks: Official
Published: Sunday, 9 Jan 2011 | 10:17 AM

Speculation could push oil prices to rise to $110 per barrel within a few weeks, which may prompt OPEC to raise production, a member of Kuwait's Supreme Petroleum Council said on Sunday.

"Demand will increase slightly, but this increase in price is usually technical, due to analysts' forecasts and speculations...

[link to www.cnbc.com]

But how?

US oil inventories at yet another record level

US crude oil and product stocks have started the year where they finished in 2010. As the black dot on the above chart from Petromatrix shows, they are at yet another seasonal record. In terms of numbers, they are 101 million barrels above 2008 levels, and even 8 million barrels above last year.

It is clearly a nonsense that prices are still rising, when inventories have been so high, for so long...
.

[link to www.icis.com]

usadees2011

Bernanke: 4-5 Years Before 'Normal' Unemployment
By JEANNINE AVERSA, AP Economics Writer – Fri Jan 7, 12:49 pm ET

Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but said the Fed's $600 billion bond-buying program is needed because unemployment will likely stay elevated for up to five more years...

[link to news.yahoo.com]

Food Stamp Usage Hits New High Of 43.2 Million
Submitted by Tyler Durden on 01/07/2011 13:57 -0500

Ever wonder where all the money for equity inflows came from? Here's the answer: with all the money saved from participating in the Supplemental Nutrition Assistance Program [link to www.fns.usda.gov] better known as foodstamps, which in October hit a brand new record, 43.2 million Americans decided to join in on this "wealth effect" they had been hearing so much about and buy Apple stock.

After all 190 hedge funds are doing it [link to www.zerohedge.com] and there is no way that 190 hedge funds can possibly be wrong. As a result, the chart below shows our nation's pending wealth effect in its full glory.

foodstamps2011

Just think: 43.2 millionaires in waiting. Just consider the guaranteed explosion to money velocity...

[link to www.zerohedge.com]

More Money for Banksters: J.P. Morgan Profits On Food Stamps
by MARK on JANUARY 19, 2011

There are now 43 million Americans on food stamps. It’s the biggest number in history, and a sad indicator of the economy.


http://video.godlikeproductions.com/video/JPMorgan_Is_Making​_Big_Profits_From_Food_Stamps?id=f45091ae58e3402cc3d


But cheer up, man! Not all is lost. It turns out that investment bank J.P. Morgan is profiting on the the program. J.P. Morgan is the country’s first and largest supplier of food stamp debit cards, handling a majority of the somewhere over $50 billion that is doled out in this program...

[link to www.economiccollapse.net]

The Dark Side of the Unemployment Rate Drop to 9.4%
by MARK on JANUARY 7, 2011

The U.S. Unemployment Report released today was again a disappointment, not meeting expectations. However, it did manage to provide a nice headline number that the government can use to continue to fool the masses: the unemployment rate dropped from 9.8% to 9.4%.

The problem with this number is that the drop is mostly due to people leaving the unemployment lines not because they’ve gotten a job, but because they’ve given up on looking for work...

[link to www.economiccollapse.net]

[link to www.cnbc.com]

movealong2011

Protect Yourselves.

Scrump
-----------------------------------------------------

If you’d like to be put on the mailing list for the Newsletter, send me an email at: Jsc102468@yahoo.com.

Since I’ve started this Newsletter, I've had many tell me that the Info is Important, and that they're using it.

If that's the case and it's proving useful, then know that every new edition is now available HERE:

[link to www.godlikeproductions.com]

God Bless You.

Do you believe what you see on TV?

Have you ever seen the movie “Wag The Dog”?

Would you believe me if I told you that CNN, “The Most Trusted Name in News”, FAKED coverage of The First Gulf War?

No?

Watch This…

CNN’s Hoax on America

http://video.godlikeproductions.com/video/CNNs_hoax_on_Ameri​ca_REAL_VIDEO_PROOF_NO_BS?id=b9911a00da43ce0079a



This "What's Happening" series of emails is something I'm putting together (most) each day to shed light on things not normally heard on TV.

If you want to be taken off the email list, let me know.

Scrump

I am a Christian.

Christian does not equal doormat or pushover.

SickOfItAll

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD
For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
Anonymous Coward
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01/21/2011 03:24 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
wow man nice job "bump:
Anonymous Coward
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01/21/2011 03:24 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
wow man nice job "bump:
 Quoting: Anonymous Coward 1202950

oops i meant bump
Ragman (Rags)

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01/21/2011 03:27 PM
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phuckyeah
dollardeva
froggieboi

Wow, just wow.... Scrump, nice Economic Doom!!!!
Anonymous Coward
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01/21/2011 03:27 PM
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The dollar will not die...it will amalgamate.

Last Edited by Evil Twin on 01/21/2011 04:04 PM
Least Servant

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01/21/2011 03:27 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Hey Tex we're almost there!

termputin
:romaflag:
Not enough to fight, too many to die.
Storm 2 come

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01/21/2011 03:29 PM

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good job Scrump, We are heading for dark days
Anonymous Coward
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The dollar will not die...it will amalgamate.
 Quoting: Anonymous Coward 1221928

do you even have a clue as to why your post makes you a retard?
YAHisking

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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
GREAT POST:

TIME IS SHORT THEY ARE WAITING FOR 1 EVENT

THEN THE STILTS SHALL BE REMOVED AND THE END WILL BEGIN

JACOBS TROUBLES GETTING CLOSER BY THE SECOND
“Henceforth, from the treaty that divides my holy city, Jerusalem and the day upon which the house of Judah commences the sacrifice, I will anoint my people of the house of Judah who believe on my Son and on the house of Israel who believe on my Son, to prophecy to America, and all the earth for twelve hundred and three score days to this nations and all the nations who would conspire to wipe out my people and the nation of Israel.

“When these days of prophesying are closed up, and on the day of my Passing Over my people as I did upon the firstborn of the lands of Egypt, I will send again the Death Angel upon the earth to reap a harvest into my kingdom and cast the timothy into the fires of eternal torment. I have decreed for twelve hundred and threescore days wars, pestilences, death, and the greatest earthquake upon the earth until the cup of my wrath is empty and all the earth is a desolation.

““Arise O sons of Islam, Russia and the many nations with you and no longer submit to evil, but learn of the Gentle King of Abraham, Yeshuah Ha Meshiach, Your Father and God. Look not to an Imam Mahdi, for there is no way to the great creator of all things than through the Son, who is the Father in the Flesh, and whose flesh will dwell in Your Temples of your fleshly bodies, and not in mosques.”

“Shemah O Israel, hear the breath of My Spirit. I AM who AM, and will forever be the Father of Lights in the Flesh. Honor not the six pointed star of Astarte, six within six by six, for it is the number of the dogs of Orion, and the Red star of the Dragon. You O Israel have worn proudly the badge of Moloch and Kemosh, for you have marked your nation with the Mark of the Caldeans and circumscribers of the occult of all ages."
braindamaged62

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01/21/2011 03:32 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Dood......
Who is John Galt?
-----------------
"Remember all men would be tyrants, if they could" Abigail Adams
Anonymous Coward
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01/21/2011 03:34 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
I agree with your findings and would add to all Repent and give your heart to Jesus Christ while there is time.
For the Black Horse of revelation was released in 2008
and in his hand were scales and he said "a quart of wheat
for a days wages"......we are very close to this. Grace
and peace to all.

Last Edited by Evil Twin on 01/21/2011 04:03 PM
<FOCUS>
User ID: 1238275
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01/21/2011 03:34 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Awesome ammount of information as usual in these newsletters. Great job as always. Can't wait to read through it all. Thanks for all your hard work.
The Spirit Of Truth

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01/21/2011 03:34 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Financial markets and the economy are just the surface of mass mood. Everything is included, i.e., all history:

[link to thespiritoftruth.blogspot.com]
Jay
The Spirit Of Truth
[link to www.SpiritOfTruth.me]

TOPPING PATTERN COMPLETE? - [link to thespiritoftruth.blogspot.com]

RUSSIA WAS BEHIND 9/11: [link to thespiritoftruth.blogspot.com]
RUSSIA'S SECRET WAR PLANS: [link to thespiritoftruth.blogspot.com]
RUSSIA'S LYING TO THIS WORLD: [link to thespiritoftruth.blogspot.com]

And then the lawless one will be revealed, whom the Lord Jesus will overthrow with the breath of his mouth and destroy by the splendor of his coming. [2 Thessalonians 2:8]

Sing unto God, sing praises to his name: extol him that rideth upon the heavens by his name JAH, and rejoice before him. [Psalm 68:4] [link to thespiritoftruth.blogspot.com]
Anonymous Coward
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01/21/2011 03:35 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Wow ...amazing stuff. Next thing you know, perhaps you'll be predicting Easter in the Spring of 2011.
Anonymous Coward
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01/21/2011 03:36 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Hell No! USA Today just said that Real Estate is coming back up in 2011. Recovery is just days away I'm sure.

rofl
Anonymous Coward
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01/21/2011 03:37 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Wow ...amazing stuff. Next thing you know, perhaps you'll be predicting Easter in the Spring of 2011.
 Quoting: Anonymous Coward 741467

+1
ScrumpTheTexan (OP)
-Controverter-

User ID: 1143284
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01/21/2011 03:38 PM

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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Wow, just wow.... Scrump, nice Economic Doom!!!!
 Quoting: Ragman (Rags)


It's not looking good Rags for sure!

Gotta head out for a few... enjoy!

cheers
I am a Christian.

Christian does not equal doormat or pushover.

SickOfItAll

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD
For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
J-Rico

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01/21/2011 03:39 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Scrump, you and I already have had conversations about the economy and primarily oil prices... and how 2011 is going to destroy whatever was left over from 2008...

So with that said, thanks for this newsletter.

I saw you worded this as "The Great Depression II", and in my mind, I keep thinking, calling it that is almost an injustice to the first one. This one is by far worse, and I wonder how long it will be til someone coins it "The Super Depression".

Thank you once again for putting all of this together, even if it means that the outlook is bleak.
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
Anonymous Coward
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01/21/2011 03:40 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
IT'S OVER JONNY.
[link to drudgereport.com]
Anonymous Coward
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01/21/2011 03:41 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Very good Scrump!

On the news today they've been pumping how great the recovery is. They then had a live call in asking the question "Is there a recovery?" Well guess what everyone who phoned said "NO!" and then went on say how really crap things are. LOL

We're doomed!
Anonymous Coward
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01/21/2011 03:41 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
You cant eat Federal Reserve Notes. Just ask Algerians or Tunisians.
humbird

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01/21/2011 03:46 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
good ECONODOOM, Scrump!
Aside from the small band of Forteans scattered around the world, nobody seems to notice all aspects of this phantasmagoria.(John A. Keel)
Anonymous Coward
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01/21/2011 03:46 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
There is no reserve or redundancy.....all that is necessary is a trigger event to light it off and it comes down like dominoes...all of it....
Anonymous Coward
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01/21/2011 03:47 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
I am the wise one here

bsflag:
Uggs

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01/21/2011 03:47 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Its been a while since I've seen one of these. :D
Uggs

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01/21/2011 03:48 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
btw, do you people REALLY need to quote the entire post? The first page alone is 283827030 pixels long and theres only a handful of one word replies....
J-Rico

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01/21/2011 03:49 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
btw, do you people REALLY need to quote the entire post? The first page alone is 283827030 pixels long and theres only a handful of one word replies....
 Quoting: Uggs



I really have to agree with this.
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
cRoSS FiRe

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01/21/2011 03:53 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
Hell No! USA Today just said that Real Estate is coming back up in 2011. Recovery is just days away I'm sure.

rofl
 Quoting: Anonymous Coward 1140619


Dontcha just love having your intelligence insulted? ;)

Yep. Real estate making a major comeback, jobs too. Mhm.

Note: Wear hipwaders when reading publications and watching TV.
"Nothing is as far away as one minute ago." --Jim Bishop

:gameizovar:

It's DO:OM o'clock. WAKE UP!
*Jentle*

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01/21/2011 03:54 PM
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btw, do you people REALLY need to quote the entire post? The first page alone is 283827030 pixels long and theres only a handful of one word replies....



I really have to agree with this.
 Quoting: J-Rico

And me. Really annoying. Anyway, Scrump, good NL. The photos you have used this time are really powerful at getting the message over. Goofy Thum
If at first you don't succeed, perhaps failure is more your style.
Judeth

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01/21/2011 03:54 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
just quoting scrumps massive post of spam to make this thread even longer. as if 20 pages in length of total BS copied from the internet isn't enough.
 Quoting: Anonymous Coward 1188458


9teen BS it's called spamming. Scrump can edit posts on his thread and it would serve you right if he deletes your, and another persons stupid posts. In fact I hope that he does.

Speaking of spam, rice, beans et al. Everyone should have at least 6 months worth for every member of their household. Like now.
Least Servant

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01/21/2011 03:58 PM
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Re: Scrump's Newsletter 1/2011 *Total Economic Collapse: Catastrophe 2011*
btw, do you people REALLY need to quote the entire post? The first page alone is 283827030 pixels long and theres only a handful of one word replies....



I really have to agree with this.
 Quoting: J-Rico


Too much power in the hands of retards, THIS is why we need an NWO.
:romaflag:
Not enough to fight, too many to die.

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We're dropping truth bombs like it's the end of days!