Thursday, May 31, 2012

It all makes sense now...

I became confused when I heard the word "Service" used with these agencies:

Internal Revenue  'Service'
U.S. Postal  'Service'
Telephone 'Service'
Cable TV 'Service' 
Civil  'Service'
State, City, County & Public 'Service' 
Customer 'Service'

This is NOT what I thought 'Service' meant.

But today, I overheard two farmers talking, and one of them said he had hired a bull to 'Service' a few cows.
BAM!!!  It all came into focus.  Now I understand what all those agencies are doing to us.

Wednesday, May 30, 2012

The World is Coming to an End!

One in five Americans believes the world is coming to an end; many point to 2012 prophecies
Mike Adams,
Natural News

Even I was surprised at the results of a recentIpsos Global Public Affairs poll of over 16,000 people around the world. The poll, underwritten by Reuters, sought to determine the percentage of people who believe the world is coming to an end in their own lifetime. Astonishingly, the two countries with the highest percentage of people who believe in such a thing were Turkey and the USA.

The nations with the lowest number of people believing the world is coming to an end (in their lifetimes) include Belgium and Great Britain.
Globally, about one in seven people believe the world is coming to an end, and about one in ten believe it will happen in 2012.

Of course, the meaning in all this is difficult to nail down, given that everybody’s definition of “the world coming to an end” is different. For some people, the shopping mall being closed is the end of their world. For many of today’s teens, the “end of the world” means losing their texting device.

In my mind, the “world coming to an end” means TEOTWAWKI, or a total grid-down situation with economic collapse, mass starvation and a massive collapse of human population. But even I don’t think that’s going to happen in 2012.

Don’t get suckered into believe the Mayan prophecies. This is a good time to remind well-informed NaturalNews readers not to get suckered into the December 2012 Mayan prophecies. Those popular predictions are based on wild misinterpretations of the Mayan calendar… combined with fantastic exaggerations of Central and South American lore.

Come December 22, 2012, we will all still be here, stuck in the same mess of a world increasingly being run by police state criminals and the global corporate elite. In some ways, the 2012 Mayan prophecies are a strategy to dis-empower the People by making them not care what happens in 2012 because “the world is coming to an end anyway.”

That’s pure foolishness. Smart people are getting well prepared for 2012 and beyond. They know there isn’t some magical universal stargate that’s going to open up and free them from all the burdens of being a human being on planet Earth. Those who are spouting the Mayan doomsday prophecies are sadly leading people in precisely the wrong direction.

The world as we know it will certainly undergo radical change Of course, in some sense, TEOTWAWKI is coming true from the mere fact that much of what goes on in our modern world is wildly unsustainable. The fiat currency system and global debt; the cancerous growth of government; the rampant destruction of the world’s natural ecosystems… these are all unsustainable things that will — and MUST — come to an end.

So the world we know today is, indeed, existing with an expiration date, and it’s not yet clear what’s going to replace it. I’m quite certain, for one thing, that the next age of human civilization will see a greatly reduced population from its current levels, meaning that at some point a mass die-off is probably in the works. (That’s the aim of the global elite, actually, including Bill Gates who is actively working to reduce human population in order to “save the planet.” Bring in the vaccines!)

So it’s not really a question of whether the world as we know it will come to an end, but how it will happen. Bill Gates is working on a “soft kill” approach, using vaccines to cause widespread infertility. Interestingly, this may be among the least cruel approaches offered by the globalists, who are also considering things like global thermonuclear war, detonation of EMP weapons to cause a “grid down” situation, and the release of a new global pandemic with a 90% kill rate.

There could also be natural events that lead to various “end of the world” scenarios, including solar flares and the eruption of the massive Yellowstone cauldron — an event that would thrust Earth into a two-year nuclear winter that would collapse the global food supply and lead to mass starvation.

But the time scale on such events is significantly larger than a human lifetime. Yellowstone Park may not blow for another fifty thousand years. A massive grid-disruption solar flare might happen every few hundred years, which IS something to consider on the scale of a human lifetime.

The far bigger threat we all face right now, by the way, is the failure of Fukushima reactor No. 4. According to UN Ambassador Murata, “the fate of the world” depends on reactor No. 4. (…)
The failure of this reactor has the potential to “destroy civilization as we know it,” he says.

So it’s not irrational to think that the world (as we know it) might end in our lifetimes. In fact, given the status of reactor No. 4 — as well as the possibility of an EMP weapon causing a national grid failure — it’s surprising that only 1 in 5 Americans recognize these legitimate threats to our modern, fragile civilization.

Hyperinflation in Germany, 1914-1923

 Practically every economic good and service was costing trillions of marks. The American dollar was quoted at 4.2 trillion marks, the American penny at 42 billion marks. How could a European nation that prided itself on its high levels of education and scholarly knowledge suffer such a thorough destruction of its money? Who would inflict on a great nation such evil which had ominous economic, social, and political ramifications not only for Germany but for the whole world? Was it the victors of World War I who, in diabolical revenge, devastated the vanquished country through ruinous financial manipulation and plunder? Every mark was printed by Germans and issued by a central bank that was governed by Germans under a government that was purely German. It was German political parties, such as the Socialists, the Catholic Centre Party, and the Democrats, forming various coalition governments, that were solely responsible for the policies they conducted. Of course, admission of responsibility for any calamity cannot be expected from any political party.

The reasoning that led these parties to inflate the national currency at such astronomical rates is not only interesting for economic historians, but also very revealing of the rationale for monetary destruction. The doctrines and theories that led to the German monetary destruction have since then caused destruction in many other countries. In fact, they may be at work right now all over the western world. In our judgment, four erroneous doctrines or theories guided the German monetary authorities in those baleful years.

For Health, Education, Welfare, and Full Employment
Immediately after the war the German government, under the leadership of the Socialist Party, embarked upon heavy expenditures for health, education, and welfare...

Tuesday, May 22, 2012

Rawles: “It Would Be Impossible to Disarm the People of This Country”

How likely is it that we will actually experience a disaster that brings down our national power grid?

Will the government seize all guns in the United States?

If Continuity of Government response plans are initiated, will they be able to effectively lock down every major city and the country as a whole under a martial law scenario?

Is an economic collapse in our near future?

These and a host of other critical topics are covered in the latest interview from SGT Report with Survival Blog editor James Rawles.

Rawles on Gun Confiscation:

I think it would be impossible to disarm the people of this country. Along with Yemen we’re the most heavily armed society on the planet. It would be absolutely impossible to disarm the citizenry.

There might be an attempt to do it incremently over the course of generations. I think that’s the only way that would happen.

There are so many guns being produced each year – a couple of million guns each  year – it’s just mathematically impossible, if not socially impossible, to even envision the logisitics of trying to disarm the American citizenry. It just can’t happen. There’s too many guns in circulation and they’re essentially the final guarantor of our freedom.

The next phase of the financial collapse:

I think that given the financial situation globally – if you look at what’s happening in Italy, Spain, Greece and the most recent election in France – we’re very likely to see a lot of financial turmoil in the coming months.

A lot of it will spill over into American markets. I think there is likely to be another global credit crisis like in 2008, and it could get very, very  ugly very quickly.

I think it’s prudent for people to prepare. I think that if you look at it in terms of the clock face approach, we’re probably just minutes from midnight in terms of where we should be in terms of our preparedness.

Rawles on the probability of a grid-down worst-case scenario collapse:

In all of my writings I’ve stressed that the North American power grids – and there’re three of them – are the real lynch pin of our modern technological society.

If the grids go down, all bets are off.

It’s important that people plan for the worst case. The worst case would, of course, be grid down. The chances of that happening are fairly small, but if you’re prepared for the worst case you can take anything lesser in stride.

In terms of the power grid, if they knock that leg out from underneath society they can create a cascade of events that will be completely beyond their control.

Martial law is not going to restore order if the power grid goes down and does not come back up within a few days.

On martial law:

 I think the whole rhetoric about martial law tends to be overblown, because the logistics of implementing martial law would be daunting. Even in the United States, where we have a fairly sophisticated military, the numbers just don’t add up for martial law being instituted for more than just a very short period of time.

We have a military that’s primarily deployed overseas right now. The military here in the United States, active and reserve components, don’t even have enough vehicles for training much less live operations. The majority of the rolling stock for the US military right now is in places like Bosnia and Afghanistan.

How do you institute martial law if you can’t even get troops from point A to point B?

Obsessing on martial is probably not productive, but we do need to be on guard to guard our liberty, and we do need to speak up when there are abuses of our Constitutional Rights, especially the first amendment.

SGT Report with James Wesley Rawles (Part 1 of 2):

SGT Report with James Wesley Rawles (Part 2 of 2):

Market analyst says US in an economic 'war'

A major market analyst said Sunday that the United States is engaged in an economic "war" as a consequence of a deadly collusion between politicians and large corporations that have defrauded the public for the past 30 years.

The danger that is inherent in such a war, he says, lies in the fact that not only has the U.S. economy been falsely inflated by the fraud but so has Europe and most of the advanced nations of the world.

Analyst Karl Denninger, who is the brain behind the Internet site The Market Ticker, states that the economy has been rigged by major power brokers in politics and business who wished to take the competition out of the markets. The motivation for the move was to insure that everyone would win and that no one would lose, or at least not enough to ruin them.

However, this is not the way capitalism works. Competition is the centerpiece of the capitalistic system of economics, meaning that one must risk losing in order to position himself to win. If someone else can offer the same goods and services at a lower price and with a higher quality, then it is that person who wins. The others either lose or find a way to cut costs and improve quality so that they can remain competitive.

This is the system that created the most prosperous society the world has ever known.

However, when the main players in the system decide that they no longer wish to risk losing, and then proceed to rig the system to insure no big losses, then 'capitalism' fails because it is no longer capitalism. It has become something else.

This, according to Denninger, is what politicians and big corporations have done to the U.S. economy and the markets. The power brokers may talk about "free markets" and "capitalism," but what they have created is nothing more than a massive Ponzi scheme with its characteristic bubble that can burst at any time.

Denninger says that everything in the markets is falsely over-valued, despite the attempt of the market to make a correction in 2008. Under normal circumstances inflation is corrected by deflation, leading to a scenario in which a more realistic value is placed on goods and services.

The moguls, however, wish to prevent the deflationary correction, for obvious reasons. They do not wish to lose money. But to prop up the value of goods and services artificially, which is what the politicians and the corporate moguls have been doing for years, leads to a bubble due to the fact that nothing is worth what the markets say it is worth. Sooner or later the average rank and file investor gets the message, and there is a massive sell off, leading to a catapulting plummet in prices. Thus, the bubble bursts.

No one currently in the presidential contest of 2012 is addressing this issue, according to Denninger. Romney, he says, is totally invested in the grossly inflated bubble. The Libertarian candidate, Gary Johnson, refuses to talk about the issue. And Barack Obama, although he is the one least invested in the bubble, refuses to deal with the issue because to do so would mean he would be forced to deal with runaway government spending and the massive debt.

The reason the United States and the rest of the world is on a collision course with economic collapse is that the wealth investors hold comes from buying up everyone else's debt. The market's value, thus, is in holding someone else's obligations. The wealthy are not really wealthy when they are merely holding someone's debt. True wealth comes in the production of goods and services, and then raking in the fruits of one's labors.

This false wealth will eventually disappear since it is based on nothing. And this is the predicament in which most of the world finds itself today.

The current solutions to such a calamity being floated about by politicians are diversionary, says Denninger. Politicians claim that the only two choices are either cutting government spending or spending one's way to growth.

While cutting government spending is a given, it is not the only solution when the entire system over the last 30 years is based on fraud. Spending reductions must be seen as part of an overall program of real debt reduction along with removing the protective shields politicians and big corporations have placed against losses in order to continue to prop up the false bubble.

In short, restoring competition that does not negate risk is a key component of the solution.

by Anthony Martin

Hyper-inflation Evident as Countries Move Away from the Dollar

The cost to society of the private financial system is even higher. Writing in CounterPunch (May 18), Rob Urie reports that two years ago Andrew Haldane, executive Director for Financial Stability at the Bank of England (the UK’s version of the Federal Reserve) said that the financial crisis, now four years old, will in the end cost the world economy between $60 trillion and $200 trillion in lost GDP. If Urie’s report is correct, this is an astonishing admission from a member of the ruling elite.

Try to get your mind around these figures.  The US GDP, the largest in the world, is about 15 trillion. What Haldane is telling us is that the financial crisis will end up costing the world lost real income between 4 and 13 times the size of the current Gross Domestic Product of the United States.  This could turn out to be an optimistic forecast.

In the end, the financial crisis could destroy Western civilization.

Last year gold and silver were rapidly rising in price (measured in US dollars), with gold hitting $1,900 an ounce and on its way to $2,000 when suddenly short sales began dominating the bullion markets. The naked shorts of gold and silver bullion succeeded in driving the price of gold down $350 per ounce from its peak.  Many informed observers believe that the reason Washington has not prosecuted the banks for their known financial crimes is that the banks serve as an auxiliary to Washington by protecting the value of the dollar by shorting bullion and rival currencies.

When the dollar goes, interest rates will escalate, and bond prices will collapse. Everyone who sought safety in US Treasuries will be wiped out. We should all be aware that such outcomes are not part of the public debate.

Few Americans and no Washington policymakers understand the dire situation. They are too busy hyping a non-existent recovery. Statistician John Williams reports that when correctly measured as a cost of living indicator, which the CPI no longer is, the current inflation rate in the US is 5 to 7 percentage points higher than the officially reported rate.  The unemployment rate falls because, and only because, people unable to find jobs drop out of the labor force and are no longer counted as unemployed. The official inflation and unemployment rates are fictions; yet, the media continue to report the rates with a straight face as fact.

The way the government has rigged the measure of unemployment, it is possible for the US to have a zero rate of unemployment and not a single person employed or in the work force.

The way the government has the measure of inflation rigged, it is possible for your living standing to fall while the government reports that you are better off.

With an eye on the approaching dollar crisis, which will wreck the international financial system, the presidents of China, Russia, Brazil, South Africa, and the prime minister of India met last month to discuss forming a new bank that would shield their economies and commerce from mistakes made by Washington and the European Union.  The five countries, known as the BRICS, intend to settle their trade with one another in their own currencies and cease relying on the dollar. The fact that Russia, the two Asian giants, and the largest economies in Africa and South America are leaving the dollar’s orbit sends a powerful message of lack of confidence in Washington’s handling of financial matters.

Tuesday, May 8, 2012

Underground Bunkers

The time is getting close folks. Don't just take my word for it. After reading this whole blog, Google 'economic collapse' and you will get more than enough information to bring you up to speed. It isn't pretty, and it appears that the government wants to give us a little push in that direction, if Europe doesn't take us there first.

If you haven't started preparing yet, you better get started. There is plenty of information here and elsewhere on the internet to help you prepare for the worst. Pray it doesn't happen, but be ready in case it does.

If you have enough extra money, you may want to consider having us install an underground bunker for you. Underground bunkers (sometimes called survival bunkers or bomb shelters) range from a few thousand dollars all the way to infinity (or in this case the size of your wallet). You can use it as your emergency pantry, storm shelter, safe house for when the bad guys come, etc. No serious person should be without a bunker (hardened structure). You still want to have something for after the looters have gone. Don't wait until it's too late! It takes time to plan and install it properly so no one knows it's there but you! We are extremely discrete. If your neighbors get nosey, we will even resort to misinformation to protect your project's privacy.

Don't wait. Contact us now! Hardened Structures is an international organization. We can help you anywhere in the world.

Note: If you don't look around at the rest of this blog, you're missing a ton of information...

Monday, May 7, 2012

“We Are Preparing For Massive Civil War,” Says DHS Informant

In a riveting interview on TruNews Radio, Wednesday, private investigator Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.
“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNews host Rick Wiles.
“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”
From a DHS agent,  "We are preparing, we, meaning the government, we are preparing for a massive civil war in this country.”
Trends Research Institute’s Founder Gerald Celente’s forecast of last year.  Celente expects a collapse of the U.S. dollar and riots in America some time this year.
And most recently, requests made by the DHS for the procurement of 450 million rounds of hollow-point ammunition only fuels speculation of an upcoming tragic event expected on American soil.
These major events, as shocking to the American people as they are, have taken place during an election year.
Escalating preparatory activities by the executive branch and DHS throughout the last decade—from the Patriot Act, to countless executive orders drafted to suspend (or strip) American civil liberties  “are just the beginning” of the nightmare to come, Hagmann said.

He added, “It’s going to get so much worse toward the election, and I’m not even sure we’re going to have an election in this country.  It’s going to be that bad, and this, as well, is coming from my sources.  But one source in particular said, ‘look, you don’t understand how bad it is.’  This stuff is real; these people, (DHS), they are ready to fight the American people.”

Wiles asked Hagmann: who does the DHS expect to fight, in particular?  Another North versus South, the Yankees against the Confederates?  Hagmann stated the situation is far worse than a struggle between any two factions within the U.S.; it’s an anticipated nationwide emergency event centered on the nation’s currency.

“What they [DHS] are expecting, and again, this is according to my sources, what they’re expecting is the un-sustainability of the American dollar,” Hagmann said.  “And we know for a fact that we can no longer service our debt.  There’s going to be a period of hyperinflation . . . the dollar will be worthless . . . The economic collapse will be so severe, people won’t be ready for this.”

Thursday, May 3, 2012

Economic Turnaround? - Think of Our Country as a Business

Let's think of our country as a business. In business you have production, expenses, and profit. This is a simple mathematical formula: Production (revenue) - Expenses = Profit (or Loss). Our economy works the same way.

The revenue from our country's perspective is taxes. The expenses are in the form of overhead  administration (government employees, military, and whatever programs are in place).

The private sector business is just a small department within the larger company. They are the production line. They take labor and produce goods and taxes. The taxes are the company's (country's) revenue.

The administration (government) does not produce anything. They merely manage the company as a whole. They are an expense that is subtracted from revenue. Anything the administration does will subtract from revenue.

The result is either a profit, where we produced more than we spent, or a loss, where we spent more than we produced.

For every job that is added to production (the private sector), total revenue increases.

For every job that is added to administration (the government), expenses increase and total net revenue decreases. When the administration decides to spend money for various programs, this also increases expenses and decreases net revenue.

Now, when any normal business operates, its goal is to produce as much as possible, keep its expenses as low as possible, and be able to reduce its price to be more competitive with other companies (countries) so it can produce more and still make a profit.

Now, the more you produce, because of economies of scale, the lower your raw material prices and the higher the profit.

All of these employees, whether they are in production or administration are shareholders in the company. This is an employee owned company. all of the profit gets divided up and distributed to the employees. The dividend they get from the company is a piece of the net revenue (taxes) back.

So, the result is:  the larger the production (private sector) and the smaller the administration (government), the more money people have and the more people working overall because production capacity has increased, because you are more competitive in the market (world).

Unfortunately, we are headed in the opposite direction. The production (private sector) is shrinking, requiring each employee to produce more (taxes) for the same wage, and the administration (government) is growing and programs are expanding, further increasing expenses. All of this results in a large operating loss and a company (country) going out of business (economic collapse).

On top of that, the administration assigns a much, much higher production quota to the more productive employees (higher taxes) and doesn't require more than half of all the employees to produce anything!

Oh, but you say: "the administrative employee are producers, because they produce taxes." Well, your wrong. The administrative (government) employee is a 100% expense, which means the taxes they produce reduces the expense by a little bit, but the net is still an expense. Say the government employee makes $50,000. He/she pays (produces) 25% in taxes, or $12,500. The net expense to the business (country) is $37,500 (a loss).

You have to remember, only private sector jobs contribute to the gross domestic product (GDP). ALL government jobs subtract from the GDP.

So, what do we do? Do you want the United States to avoid an economic collapse? Any country could do it, even Europe, Russia, China, or Japan. It's so easy! Here are 3 suggestions that would make us the greatest country on Earth again:

1. Eliminate ALL corporate taxes. When companies are taxed, they don't pay the tax, the customer pays the tax. The company merely logs the tax as an expense and adds it to the price of the goods or services they provide. YOU, the consumer, pay ALL of the taxes when you pay for the good or service. Companies from all over the world will be flocking to the United States to escape their own country's tax system in favor of ours.

2. Eliminate all government programs except what the US constitution allows, typically things like national defense and protection of interstate commerce. Get back to basics. Ween people off of social security, medicare, medicaid, welfare, food stamps and all of the other government entitlements. Eliminate the Dept. of Education, EPA, OSHA, FDA, ATF, and any other department we don't need and goes against our forefather's intentions. What will happen to all those government employees? They'll get jobs in the private sector (see the last part of item 1). Enact term limits for all elected officials. Make re-distribution of wealth a crime in government, just like it is in the private sector (called theft).

3. Institute the Fair Tax. No, it doesn't increase taxes by 30% like the government and media idiots tell you. You pay no income tax anymore, so forget about losing the home mortgage interest deduction or any other deduction for that matter. If there is no income tax, there is no need for any deductions. It's that simple. The companies don't have to pay their income taxes or match your income taxes anymore. They will reduce their prices quickly because their expenses are reduced and they want to be more competitive and produce more. If their competitors try to keep their prices high, they will lose business to their competition, so they have to reduce their prices too.

Now that the price of goods and services are reduced and contain no hidden taxes, the Fair Tax is added to the price as a national sales tax of 23%, collected by the states along with their state sales taxes. This should actually be lower, because the 23% was figured on keeping the present government as it is. Our new and improved, reduced government won't cost as much. Heck, let's just keep it as it is and use the extra money to pay off the national debt. Add into the repeal of the 16th amendment that once the national debt is paid off, the percentage must be reduced to provide no more than a 3% surplus (to cover expenses to ramp up for a necessary war or national disaster), and add no debt ever again except under extreme emergency. The price of goods and services, including the Fair Tax will be about equal to what it was before.

So why do it if it won't change the price of things? Wait, there's more! The Fairtax is only added to 'new' goods and services, not used stuff. Also, there is a necessities of life clause. Everyone gets money back from the government to cover the taxes paid on the necessities of life. So, it's tax as you go above the poverty level. If you are living below the poverty level, you pay no taxes (Net. You pay the taxes, but you get them back). What's more fair than that? Many state governments have been operating from sales taxes for years. Look at Florida or Texas for example.

Implement these three things and the only unemployment this country will have are those who are too lazy to work or those with medical problems that keep them from being able to work. We'll pay off our national debt, and everyone will live happily ever after, with freedom, liberty, and justice for all!

How Can America Survive? (Or any country for that matter)

Walter Williams:  When you subsidize (welfare, food stamps, etc.) slovenly behavior you’re going to get surpluses of it, and if you tax productive behavior you’re going to get scarcity of it, less of it. And what we’ve been doing as a nation, we’ve been taxing productive behavior and subsidizing slovenly behavior. (That is the ultimate goal of socialism and communism)

INT: So the American people are to blame for what is going on now?
WW: Oh yes, absolutely! You see this if you say, “Look, Williams, suppose you’re running for the United States Senate from Florida (or any other state),” and I go back and forth across the state and I say, “Look, my fellow Americans. I’ve read the United States Constitution, and if you elect me to office I’m not going to bring back aid to higher education, highway construction funds, or prescription drugs because it’s not in the Constitution.” Well then you have to ask yourself, do you think that the people say, of Florida, would elect me to the Senate? No, they would not. And they’d be doing precisely the right thing by not electing me…. If I, as a Senator from Florida don’t bring back billions of dollars, it doesn’t mean the Floridians will pay a lower federal income tax. All that it means is that it will go to Alabama instead!

INT: Do you think our National Debt is a moral issue?
WW: Oh yes! Yes, it is a moral issue…. The moral issue is the government being used to take what belongs to one American and bring it back to another American to whom it does not belong. Now when we do that privately we call it theft. The only difference when Congress does it—it’s just legalized theft.

Wednesday, May 2, 2012

Spain is falling off the same cliff as Greece

Unemployment in Spain is at 24.4%. Higher than the US at anytime during the great depression. Projected to go about 30%.

The Spanish government has announced a ban on all cash transactions above 2,500 euros ($3,300 US).

The nightmares that we are seeing unfold in Spain and Greece right now are just a preview of what is coming to most of the rest of the world.

The next wave of the economic crisis will soon envelop the United States, Japan and the rest of Europe. When it strikes, the pain will be immense. But it won’t be the end – it will only be just the beginning. The global financial system is starting to crumble.

As economies across Europe slide into recession, that is going to put even more pressure on the European financial system.  Most Americans do not realize this, but the European banking system is absolutely enormous.  It is nearly four times the size that the U.S. banking system is.  When the European banking system crashes (and it will) it is going to reverberate around the globe.  The epicenter of the next great financial crisis is going to be in Europe, and it is getting closer with each passing day.

When a point in the economic cycle is missed (e.g. a 30 or 60 year correction), the eventual correction which must occur is magnified in its devastation. We have artificially deflected the 1999 60 year correction for 13 years now. Tension is building in the tectonic plates of economic ruin. Earthquakes are hard to predict. They do what they do when they do it. The longer it builds, the more violent it will be.

Here is a comment:

PLEASE! I live here in Spain. Why are Americans so stupid? I have lived in Europe for the past 12 years and I have watched how these people systematically inflated their balloon and then popped it in front of the world. They whined about fascism. Then they whined about socialism. Then they were fooled by the socialists who wasted and stole the money with crappy food, crappy schools, crappy money, crappy socialist programs, crappy medical, crappy social policies and laws and regulations.
The people were forced to join the EU that no one wanted. It was shoved down their throats. Now they want a one world government to save the planet? This is nothing more than the Three Card Monty. Any thug in the streets of New York knows that trick. But you still watch the TV trying to figure out the game. Right. Are you that dumb?
You deserve to lose everything. You constantly allow yourselves to be scammed and can not see the forest for the trees. You are so busy watching the Monty that the thief can pick your pocket while you watch.
The EU raced to harmonize everything in Europe from the roads to the bridges to the train stations to the shopping malls to the airports. I wondered why everything was exactly the same in every town and city of Europe. Where did that money come from? It came from the tax payers by borrowing against tax revenues.
That’s right. Over here we have all new rail lines, new tunnels, new airports, etc. They never talk about that on the news. The news shows you cars burning in the middle of the street. People marching through the streets holding hands. People angry and wanting jobs. School kids wanting books and desks. Wait a second. It is true that we have no money in Europe. But more to the point is the little known fact that the people of Europe have no backbone. That was bred out of them a long time ago. (Did you know that almost all protests and so called natural disasters in Europe are contrived? They are orchestrated by our own government? This is not just a theory but a fact. But I digress.)
We have no industry in Europe, It has all been shipped to China or India. You all thought the new Airbus A380 would spark growth and jobs and homes and families. How could the development of one airplane employ millions of people and save the day. What a joke. I grew up in New York City. I know a scam when I see one.
And we in Europe just like America kept spending money and buying Chinese goods and believing that there was a thing called free medical. As I teach my kids, there is no such thing as “free”.
So we elected these bums who are communist and socialist, believing they would take care of the people. They financed these fantastic projects with our own money, created an artificial bubble, fake hope and then they popped it.
I have one question: Where did the money go? Answer: They stole it.
For example, in Barcelona they have a brand new airport just like in Malaga, Gibraltar and every place else in Europe. We have a high speed rail line just like every other country in Europe that no one uses. It costs billions. These gentlemen and ladies hired their own construction companies to build these massive projects with the people’s money.
My little village of 3000 people has a number of unfinished projects started by the Junta; hospital, senior citizens residence, housing for battered women, worthless museum, etc. Just the shell of these buildings sit for years with signs stating how the Junta financed them.
The money was allocated but now it is gone. So all over Spain and Europe unfinished projects collect dust and they say there is no money to complete them. We elected the socialist politicians because of these projects. These are not socialists or communists. These are thugs like you can fine in any urban area.
They throw around the people’s cash like someone in a rap video.
It is even worse in Central and Eastern Europe like Hungary, Poland, Romania, Bulgaria, Slovenia etc. They have never seen prosperity in the last 100 years. They too are part of the EU.
People in Scandinavia have no money either. They hide their poverty very well. All stolen. And you Americans sent your trillions here to help us out. That money was stolen as soon as it arrived. The people never even knew you had given us any money.
My point is, there are no accidents in this world. This was deliberate and is nothing more than thievery disguised as economic calamity. Will you allow this to happen to you in America? Are you a “number one stunner”? Or will you stop buying into the hip hop hype and protect yourself with real money.