Is The IMF Now Recommending Capital Controls…? - By Simon Black (12/10/12) PDF Print E-mail
Simon Black   
Friday, 12 October 2012 09:06

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The Largest Economy In The World Is Imploding Right In Front Of Our Eyes - By theeconomiccollapseblog.com (12/10/12) PDF Print E-mail
theeconomiccollapseblog.com   
Friday, 12 October 2012 09:05

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The Many Guises Of Financial Repression - By Pater Tenebrarum (12/10/12) PDF Print E-mail
Pater Tenebrarum   
Friday, 12 October 2012 08:59

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Will Growth In Government End In Chaos? - By Congressman Ron Paul (12/10/12) PDF Print E-mail
Congressman Ron Paul   
Friday, 12 October 2012 08:36

''Government Dependency Will End in Chaos”

The media insists on characterizing statements about dependency on government handouts as controversial, but in truth such statements are absolutely correct. It's not that nearly half of Americans are dependent on government; it's actually more than half. If one includes not just people on food stamps and welfare, but also seniors on Medicare, Social Security and people employed by the government directly, the number is more like 165 million out of 308 million, which is 53%.

Some argue that Social Security and Medicare benefits are a right because people pay into these programs their whole lives, or that we need a government safety net in place for people who fall on hard times. However, this all becomes a moot point when the funds people depend on become worthless due to government default or rampant inflation.

This is less an issue of dignity or dependence on government, and more about the deceitfulness of government promises.

The Fed recently announced that it plans to keep interest rates near zero and keep buying near worthless assets from banks indefinitely. This enables Congress to spend without having to take deficits or the debt seriously and there is every indication they intend to spend with impunity until the system collapses.
There are no brakes on the runaway train. The federal debt ceiling law does nothing to limit spending. The ceiling will have to be raised yet again perhaps before the year is out. What is happening in Greece with austerity measures and riots in the street will happen here within a decade according to some realistic estimates if we do not find some way to fiscally restrain our government.

There is little point in a debate about being entitled to healthcare or food or shelter from fellow taxpayers if the whole system has collapsed. And, with the way our politicians have taken over and mismanaged vast amounts of resources, collapse seems almost unavoidable.''



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What Does "Persian Petrogold" Tell Us? - By 5 Min. Forecast (11/10/12) PDF Print E-mail
5 Min. Forecast   
Thursday, 11 October 2012 09:47

"Gold is now a strategic metal for present and future SCO governments," Macleod explains, "which between them have over 40% of the world's population; and now that the price of gold is re-establishing its rising trend, understanding its future role as a replacement for the U.S. dollar is increasingly urgent, because gold is wealth and this wealth is being transferred from West to East."

Between the SCO countries alone, "they produce about 26% of the world's gold, none of which leaves the SCO."

And it doesn't stop there, "Other nations accepted as future members are India, Iran, Pakistan, Mongolia, and as soon as NATO leaves, Afghanistan. Belarus and Sri Lanka are on the waiting list. It is no less than the economic unification of most of Asia, with a combined population of 3 billion. All their central banks are buying gold, and the gold imported by the citizens of just two of them (India and China) accounts for all but 400-500 tonnes of the rest of the world's mine production -- and some of that (particularly in Africa) is now also controlled by China...

"Attempts over the years by Western central banks to bluff us out of gold ownership have given China and its SCO affiliates a tremendous wealth-transfer windfall, as we may be about to discover. That's what the geopolitics of gold is actually about," GoldMoney concludes, "and it is a pity our leaders seem to be blind and deaf to it."

So the "rich white guys with no life" had it right after all, eh?




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