The economic problem is this: Updated last page 17

yes yes yes yes

Major agreement, except in that it seems you're thinking that the physical/current events are happening independently or along-side of the spiritual events...

It is all one big ball of wax it is all happening for and as a result of our spiritual evolution or lack of. No matter how difficult these coming times will be the one thing that I am now aware of is I am not in control of things. I believe it is all about surrender to what is. Go with the flow, do the right thing and turn the rest over to what ever higher power you have.

Ah yes my brother... I believe you've hit upon something very critical to one's comfort with the changes (I say "comfort," because they are going to happen, whether you want them to or not.) -

The Bible says in Roman 8, "We know that all that happens to us, is working for our good..."

A Course In Miracles says many times and in many words that "Everything that happens, is in our own best interests."

The Faith in the "Correctness" of events, leads to the Trust, to just... SURRENDER to what is happening. And in total surrender our freedom lies. To do this, you must drop your belief in right and wrong. Things just are.

Think about it, if you truly believe that what happens is what should happen, how can anyone manipulate you into doing something? And why on earth would you want to manipulate anyone else? - SURRENDER -

Again, you willingness to accept this, relies on who or what you identify with.

I have spent many painful years of my life getting to this point of surrender. It feels like I have finally arrived and not a minute to soon. Surrender to what is and intuiting that it is all the way God has intended it, the way that is should be and that there is an all loving higher power in charge no matter how bad things may look is the hardest, most painful and most meaningful work I have done in my life.

" People appear to be under the false notion that the government is going to take care of them and that their Social Security (which is anything but) will carry them through. Many are now finding out the hard way that this simply isn't the case."

"While our politicians and Mr. Geithner sit here and lecture the Europeans on fiscal responsibility, we've got our very own Titanic that is listing from a huge gash in its side caused by the overriding welfare mentality and a complete lack of leadership over the past half century."

"The real question becomes who is going to do the bailing out when the USTreasury and OTC Derivative bubbles burst? There isn't enough capital in America to cover the Treasury mess and there isn't enough capital in the universe to cover the OTC casino gambling of financial agents around the globe. Got gold?"

Full Article here:
From Frying Pan To Fire - Andy Sutton 15 June 2012
[link to www.gold-eagle.com]


If you really understand the above article and it's global implications, you will also know "THE REASON WHY" it is not possible for any kind of economic recovery to happen.


The system MUST flush.

You first posted this in 2008, before the collapse hit it's near bottom (March 2009)

The problem is the crash wasn't fixed...it was only postponed

and, I believe, like most things postponed, it has built up more pressure and the impact will be worse than if the system had been allowed to fully capitulate, flush itself and then rebuild on a solid foundation

I agree with you about the waves, because no matter how I analyze it, we are heading into a global recession/depression, and all the money printing in the world will not fix it

This time the king's horses and men are outta luck

Interesting link, OP. Thanks

GREECE: If you want to know whether the latest election makes any difference at all, then read this S&P verdict.

"‘LONDON (Standard & Poor’s) June 18, 2012–Standard & Poor’s Ratings Services said today that its sovereign credit ratings and outlook on the Hellenic Republic (Greece; CCC/Stable/C) are not affected by the outcome of yesterday’s general elections."

"If the new government can comply with the program conditions, thereby implementing the economic reform agenda,

we would expect official financial assistance to continue.

However, if the political parties are unable to form a viable coalition, likely leading to another round of general elections in July, or if official creditors, especially eurozone members, are unwilling to renegotiate the conditions of the program,

we think disbursements to Greece would likely be suspended.

This would lead quickly to Greece defaulting on its sovereign debt.

The Full article is here:
[link to hat4uk.wordpress.com]


One of the comments regarding the article could be applied to the U.S. and the never ending food stamp programs.

"Jon Earle - June 19, 2012 at 1:19 pm
“go back to the way we were…when, it seems to me, europeans were a lot happier with their lot.”

In every interview with normal Greek people this is not what they say. For them, it means going back to 15% interest rates and 3rd world status. Unfortunately most Greeks have been suckered, like so many who love socialism, into having a standard of living which ultimately is


being paid for by someone else.

I think the politicians have enough intelligence to know that Greece is small enough to live forever as a parasite off the backs of the richer (harder working) European partners."


The system MUST Flush.

The LIBOR Scandal - The biggest money scandal in history.

LIBOR means London Inter Bank Overnight Rate.
It is set by 16 banks.

Eliot Spitzer on the 'cartel-style corruption' behind Libor scam
[link to www.youtube.com]

"The entire business model is corrupt and rotten to its core."
(Made in reference to big banks.)


So now the corrupted house of cards should start to fall.


The system must flush.

Welfare is nowhere the problem. You pay your taxes to government to provide roads, health, insurance etc, etc for when you are not on a job and such like. You do not pay your taxes to grant the politicians a lifestyle of a private sector CEO, or to bailout incompetent private sector CEO's. If these private sector CEO's want to play in the capitalist economy, they need to grow a pair. But things like roads, seweage and such like...who is going to fund that? The private sector are hustling for trillions of public money. Would you trust your health insurance or road funding in their gambling hands? At least, public monies can be subject to criminal oversight.

I wish the private sector would leave taxpayers monies alone!

"The analogy of a government which claims it can ward-off insolvency with a printing-press is a simple one. It is identical to the Deadbeat who assures a creditor that he can "resolve" the problem when one of his bad-cheques "bounces" by simply writing another (bad) cheque. It doesn't matter if the Deadbeat writes one more bad-cheque or a million; none of his debts can be reduced, let alone repaid.

So it is with Deadbeat Governments claiming they can "pay their bills" by simply printing more and more and more and more paper. It is not a question of "if" the Sheep finally and totally reject all of this fiat-paper. The only question which remains is how many months until this occurs?"

Crash Warning - Jeff Nielson - 5 July 2012
[link to www.gold-eagle.com]

"Understand that what looms ahead of us is an economic cataclysm more severe than anything we have even read about in our history books, let alone experienced in our own lives. Understand what it means to "play defense", and do so now - before it's too late. Seats still remain in the Financial Lifeboats known as gold and silver, but ...

the Titanic is sinking fast and the party is over."

Now do you get it?
A global synchro-locked K-wave that destroys EVERY ECONOMY.


The system needs to flush.

Last Edited by Kingman-Art on 07/06/2012 07:07 PM

"Lawyers acting for corporations or other banks say their clients are also considering whether they can walk away from contracts with banks such as long-term derivatives priced off LIBOR."

The LIBOR scandal
The rotten heart of finance
A scandal over key interest rates is about to go global
[link to www.economist.com]

Question: Can one side of a contract walk away from long-term derivatives priced off LIBOR?

Answer: If fraud is involved by any of the parties to the contracts, the contract is automatically null and void.

" 2. Fraud avoids a contract, ab initio, both at law and in equity, whether the object be to deceive the public, or third persons, or one party endeavor thereby to cheat the other." - from Bouvier Law Dictionary.

So all, and I do mean ALL, of the world wide derivatives contracts are null and void because of the Fradualent LIBOR numbers.

Something like one thousand and 200 TRILLION Dollars are going up in smoke.

TEOTWAYKI is on it's way
.
When this LIBOR Scandel gets it's legs, it will be open season on every banker on planet Earth; and also their politician.

The system must flush.



Footnote: Here is all of defined FRAUD extracted from Bouvier Law Dictionary:

FRAUD, TO DEFRAUD, torts. Unlawfully, designedly, and knowingly, to appropriate the property of another, without a criminal intent.
2. Illustrations. 1. Every appropriation of the right of property of another is not fraud. It must be unlawful; that is to say, such an appropriation as is not permitted by law. Property loaned may, during the time of the loan, be appropriated to the use of the borrower. This is not
fraud, because it is permitted by law. 2. The appropriation must be not only unlawful, but it must be made with a knowledge that the property belongs to another, and with a design to deprive him of the same. It is unlawful to
take the property of another; but if it be done with a design of preserving it for the owners, or if it be taken by mistake, it is not done designedly or knowingly, and, therefore, does not come within the definition of fraud.
3. Every species of unlawful appropriation, not made with a criminal intent, enters into this definition, when designedly made, with a knowledge that the
property is another's; therefore, such an appropriation, intended either for the use of another, or for the benefit of the offender himself, is comprehended by the term. 4. Fraud, however immoral or illegal, is not in
itself a crime or offence, for want of a criminal intent. It only becomes such in the cases provided by law. Liv. System of Penal Law, 789.

FRAUD, contracts, torts. Any trick or artifice employed by one person to induce another to fall into an error, or to detain him in it, so that he may make an agreement contrary to his interest. The fraud may consist either, first, in the misrepresentation, or, secondly, in the concealment of a material fact. Fraud, force and vexation, are odious in law. Booth, Real Actions, 250. Fraud gives no action, however, without damage; 3 T. R. 56; and in matters of contract it is merely a defence; it cannot in any case
constitute a new contract. 7 Vez. 211; 2 Miles' Rep. 229. It is essentially
ad hominem. 4 T. R. 337-8.
2. Fraud avoids a contract, ab initio, both at law and in equity, whether the object be to deceive the public, or third persons, or one party endeavor thereby to cheat the other. 1 Fonb. Tr. Equity, 3d ed. 66, note; 6th ed. 122, and notes; Newl. Cont. 352; 1 Bl. R. 465; Dougl. Rep. 450; 3 Burr. Rep. 1909; 3 V. & B. Rep. 42; 3 Chit. Com. Law, 155, 806, 698; 1 Sch. & Lef. 209; Verpl. Contracts, passim; Domat, Lois Civ. p. 1, 1. 4, t. 6, s. 8, n. 2.
3. The following enumeration of frauds, for which equity will grant relief, is given by Lord Hardwicke, 2 Ves. 155. 1. Fraud, dolus malus, may be actual, arising from facts and circumstances of imposition, which is the
plainest case. 2. It may be apparent from the intrinsic nature and subject of the bargain itself; such as no man in his senses, and not under delusion, would make on the one hand, and such as no honest and fair man would accept
on the other, which are inequitable and unconscientious bargains. 1 Lev. R. 111. 3. Fraud, which may be presumed from the circumstances and condition of the parties contracting. 4. Fraud, which may be collected and inferred in the consideration of a court of equity, from the nature and circumstances of the transaction, as being an imposition and deceit on other persons, not
parties to the fraudulent agreement. 5. Fraud, in what are called catching bargains, (q.v.) with heirs, reversioners) or expectants on the life of the parents. This last seems to fall, naturally, under one or more of the preceding divisions.
4. Frauds may be also divided into actual or positive and constructive frauds.
5. An actual or positive fraud is the intentional and successful employment of any cunning, deception, or artifice, used to circumvent, cheat, or deceive another. 1 Story, Eq. Jur. Sec. 186; Dig. 4, 3, 1, 2; Id.
2, 14, 7, 9.
6. By constructive fraud is meant such a contract or act, which, though not originating in any actual evil design or contrivance to perpetrate a positive fraud or injury upon other persons, yet, by its tendency to deceive
or mislead. them, or to violate private or public
confidence, or to impair or injure the public interests, is deemed equally reprehensible with positive fraud, and, therefore, is prohibited by law, as within the same
reason and mischief as contracts and acts done malo animo. Constructive frauds are such as are either against public policy, in violation of some special confidence or trust, or operate substantially as a fraud upon private right's, interests, duties, or intentions of third persons; or
unconscientiously compromit, or injuriously affect, the private interests, rights or duties of the parties themselves. 1 Story, Eq. ch. 7, Sec. 258 to 440.
7. The civilians divide frauds into positive, which consists in doing one's self, or causing another to do, such things as induce a belief of the truth of what does not exist or negative, which consists in doing or
dissimulating certain things, in order to induce the opposite party. into error, or to retain him there. The intention to deceive, which is the characteristic of fraud, is here present. Fraud is also divided into that which has induced the contract, dolus dans causum contractui, and incidental or accidental fraud. The former is that which has been the cause or determining motive of the contract, that without which the party defrauded would not have contracted, when the artifices practised by one of the
parties have been such that it is evident, without them, the other would not have contracted. Incidental or accidental fraud is that by which a person,
otherwise determined to contract, is deceived on some accessories or incidents of the contract; for example, as
to the quality of the object of the contract, or its price, so that he has made a bad bargain. Accidental fraud does not, according to the civilians, avoid the contract, but simply subjects the party to damages. It is otherwise where the fraud has been the determining cause of the contract, qui causam dedit contractui; in that case. the contract is void. Toull. Dr. Civ. Fr. Liv. 3, t. 3, c. 2, n. Sec.
5, n. 86, et seq. See also 1 Malleville, Analyse de la, Discussion de Code Civil, pp. 15, 16; Bouv. Inst. Index, h.t. Vide Catching bargain; Lesion; Voluntary Conveyance.

In fact, this may be the mother of all scandals—the one that finally leads to criminal charges and the insolvency of major banks. The fraud is breathtakingly easy to understand once past a small amount of jargon. Indeed, the simplicity of the fraud is the greatest threat to the perpetrators because here at last is a fraud that is easy for juries to understand and for prosecutors to prove.

Taken to the full extent of the law, these damages are enough to render a large segment of the global banking system insolvent. These damages will be pursued not by regulators, but in private lawsuits by class action lawyers.

[link to www.usnews.com]

The forces at work in the financial world now are pointing towards a coming increasingly deflationary picture. If it does take hold then the deflation of cash will overwhelm any quantitative easing the Fed may produce.

In fact, the analysis showed that gold would outperform equities and housing in a deflationary scenario.

Do Gold, Silver Prices Fall In A Shrinking, Debt-Distressed World?
JULIAN D.W. PHILLIPS - 24 July 2012
[link to www.gold-eagle.com]

One of the sentences in the above article is:
"The same environment will happen in many countries in the developed world but at different times and at a different pace."

different times and different places ....

K-waves being amplified and expressed as each wave seeks it's location in the syncronized global K-WAVE.

You do not have to die to get to Hell folks because ... Hell is coming to you.

The system must reset.

This article is not about LIBOR and its inner workings, the damage suffered by mortgage underwriters, the short changing of corporations and state agencies involved in swaps. Instead, this article is about the serious jumps in the brush fire, jumps to new areas of scandal, which will take down the system. In no way is the list of potential new fire zones comprehensive. Perhaps a few more will result, since large burning tree branches have a way of being lifted by the high winds of controversy fanned by deep suspicion. The entire document discovery process will be exploited to the fullest, a vast crowbar. Once the lid is lifted via legal discovery of LIBOR criminal collusion, all is fair game to be viewed and pulled out of the vast sea of scum, filth, and rancid paper floating within the big bank balance sheets. It is all admissible evidence.

[link to www.gold-eagle.com]

7/28/2012 -- Colorado Shooter = Father is SENIOR SCIENTIST w/ FICO -- to testify @ LIBOR


more details with links:
[link to youtu.be]

A few comments back I made the statement that you do not have to die in order to get to hell;
because hell is coming to you.

Well, you are not quite in hell just yet; but you can consider the article by David Chapman
as the gates of hell being swung wide open.

" THE LIBOR SCANDAL! by David Chapman
The daily LIBOR setting has an impact on upwards of $1 quadrillion of derivatives and loans. It impacts almost everything from mortgages to car loans and student loans. Yet hardly anyone knows of its existence. Why?"
[link to www.gold-eagle.com]

The next scandal (the stolen gold), that has not quite surfaced just yet; will serve to
totally and completely pulverise into non existenance the liberal mindset and the Democratic party.
The enforcers of the above statement will come from a least suspected source.
When this happens, you will be in hell.


Got fire Extinguisher?

If you really understand this next article, it just might be your fire extinguisher ....
"We can never "know" where gold/silver prices are heading over the short term. Period. Placing large bets on mere probabilities is not investing, it is simply gambling."

Central Bank Gold-Grab Intensifies Further (Part II) - Jeff Nielson 26 July 2012
[link to www.gold-eagle.com]


$9,000,000,000,000 MISSING From The Federal Reserve SHOCKING FOOTAGE
[link to www.youtube.com]

A youtube viewer left a comment:

"Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went... and Inspector General Elizabeth Coleman hasn't a clue...Dunno whether to laugh or cry - I am still getting over the shock and have watched 4 times - LISTEN carefully to what she says - THEY HAVE NO JURISTRICTION to investigate the fed!!! Only their programs?? OK the world has been fooled long enough ENOUGH ENOUGH!!! Get the hell outa paper money people and if you buy gold and silver - get the real stuff not paper gold etc. This is pure evil!
I am not sure exactly when this took place - anyone have any idea when this was?"

My comment: Inspector General Elizabeth Colman is the Inspector General for the Federal Reserve.
She actually said "Until we actually go out and gather that information ..."

This woman needs to fired along with all of her staff.
She is simply not qualified to hold that job. She is completely incompentent.

no it's just freemason fucking around with people

Standard Chartered Seen Paying $1 Billion to End Probes

[link to www.businessweek.com]

"to end probes"

standard chartered

[link to youtu.be]

Hyperinflation arises as a result of money printing which leads to the currency collapsing.

Whilst the price of most goods and services go up dramatically with hyperinflation,

most of the assets that were financed by the credit bubble like stocks, bonds and

property will collapse in real terms i.e. against gold.

[link to www.gold-eagle.com]



" ... gold and silver have now started a major move to the upside. This move will be relentless with only minor corrections before we reach $4,500 to $5,000 in gold and substantially over $100 in silver.

Investors now have a last chance to invest in gold and silver at prices which will never be seen again. But for wealth preservation purposes it must be physical metals and it must be stored outside the fragile banking system."



and so it begins ...

It's a bit of a chicken-egg thing, but hyperinflation comes about because of a loss of faith (credo, credit) in the currency (not money). Therefore, larger and larger amounts of currency are required in satisfaction of contracts, therefore more currency (not money) needs to be "printed" (these days, that's digital mostly).

In any case, we are going to be hit by massive DE-flationary cycle. Prices of gold and silver will also collapse in relation to currency settings. A new system will be implemented that tries to re-peg gold / silver and then it's the beginning of the end (WWIII).

China is currently scrambling to get hold of as much physical gold and they can, but without spooking the market.

Your posts need to quote broader than gold-eagle.com who obviously have a vested interest. If they truly believed in 50% of their hype the hyperinflatoin stuff they would hold all their physical gold, not be selling it.

" My favorite item was the reload given to JP Morgan on a quiet Saturday morning (convened at 6am no less) at the Bankruptcy court of Manhattan. The shadowy syndicate titan was handed $138 billion to handle the private accounts from the fallen banks."

"The insider conversation, often called chatter when it become deafening in tone, is that Morgan Stanley faces imminent failure and ruin. Almost two weeks ago, the Jackass provided a tip to Bill Murphy of GATA to post on his popular LeMetropole Cafe that Morgan Stanley fund managers and high ranking employees were preparing for the firm's implosion"


[link to www.gold-eagle.com]



comments?

You a dumbass, world is going broke because they dont have jobs. This because your nazi leaders work for the chinese and have sent all your jobs there.

The majority of them were mormons just like romney, bankers and buisness men, they believe the yellow man is god and mr moon is jebus returned. They seek to make america zion, look it up.


China (dumb asses) now learn they can not sell someone something if they dont have a job or income.



So in general, a really sick plot for world domination or a bunch of dumb asses.

BANKING SCANDAL: banks RIG foreclosure settlements, MILLIONS kicked out of HOMES

[link to youtu.be]

Inside Story - Hunger Games: the price of feeding the world

[link to youtu.be]

Counting the Cost - An economic crossroads

Published on Sep 8, 2012 by AlJazeeraEnglish

It is economic decision time and we are cutting through the jargon to explain how it affects your part of the world. We have invited two prominent economists onto the show to explain elections & economies.
[link to youtu.be]

I'll say it again.
The problem with the world economy is
Low stagnant wages
Banks gambling customer savings on the stock market
Poor education
Big business monopolizing and destroying small businesses
Welfare instead of workfare
Lack of apprenticeships and job placement after school
Not recognizing that better office efficiency, computers and robotics means there will only be face to face retail, medical care and construction jobs. There will be no manufacturing jobs because FUNAC assembly robots are cheep, fast, working 24/7 and don't commit suicide.
Time to rethink the future of jobs.
But I know we won't and that is why the world fails.