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The financial transformation of the world is in progress.
The "Great Recession" arising from the 2008 financial crash is not over despite government and media claims. That was just the beginning, the early warning signal. We are already in the "Greater Depression".
A recession may last a few quarters as the economy adjusts. This economic decline has gone on for nearly 6 years. That is far beyond a recession. It is a depression. If you haven't realized it, the pitch about "recovery" is a falsehood.
The economy in the U.S. and the world continues to be seriously distressed. Many economists think we have fallen into a deep depression of unknown length.
The overwhelming debt, and the mortgage backed securities and speculative derivatives that contributed in large part to the "Crash of 2008", remain a huge problem, with little attention in the press, and virtually no investigations by authorities. Some major financial institutions are presently holding highly leveraged contracts that leave them very vulnerable to financial disaster. JP Morgan Chase's admitted monstrous losses were just the tip of the iceberg.
The Federal Reserve Board has been running "Quantitative Easing III" for the last couple years. Until recently that was set at $40 billion per month of the FED buying mortgage backed securities with the fake money they have been allowed to create out of nothing for about 100 years. They are also conducting what some call "QE IV" or "Quantitative Easing to Infinity", whereby the FED has been buying $45 billion per month in U.S. bonds.
$85 billion per month is over $1 trillion per year. This spending is now being "tapered", with each program reduced a few billion at a time. Still, most watcher expect the payments to be continued indefinitely, perhaps with new versions of Quantitative Easing.
The FED's actions perpetuate the flood of declining value dollars in the world. In other words, much more inflation is likely coming.
Moody's rating service downgraded 15 major global banking institutions, including JP Morgan Chase, Bank of America, Citibank, Goldman Sachs and Morgan Stanley. The bond rating of the United States has been reduced twice, and may be again, as the government struggles every year to fund its bills.
Financial watchdogs say that precious metals prices, especially silver, have been controlled by major players using paper contracts and currency trading. These prices have been artificially held down. Some experts look for dramatic rises in the precious metals before long, although circumstances often change.
With the continued economic uncertainty, the large demand for real silver and gold has made it scarce. Yet the prices have remained low, in part due to manipulators placing phony low-bid paper orders that expire unfulfilled.
China, India and wealthy elitists have taken the opportunity of the bargain pricing to accumulate vast hordes of gold.
Those who have played games in the various financial markets should be cautious. Significant international currency changes are expected before long that may have a dramatic impact in multiple markets.
The breakthroughs to new highs in the Dow Jones stock market average not long ago, indicates that a major bubble in the market has also been propped up by FED quantitative easing. Although some analysts thought this was the start of a new bull market, others think the market will crash severely again before long. It is already showing signs of fragility.
Experts in economic and societal trends anticipate much worse major economic challenges and social changes in the next few years. Some warn of an impending financial collapse.
The financial crisis in Europe has flirted with economic collapse there. If that does happen, it would probably bring the U.S. the rest of the way down to ruin as well. If Western economies fail, the rest of the world would suffer considerably as well.
The substantial surprise "haircut" tax on all bank accounts in Cyprus mandated by the European Union and the international bankers, may have been a prelude to a similar process in Europe or the United States, a "beta test".
In fact, the International Monetary Fund has recommended this type of sudden bank account tax on the wealthy for member nations having financial challenges. Of course, that action would trigger a cash panic, and probably a "run on the banks", so a bank holiday, or a limit on withdrawals of what funds are left would be imposed also.
Wise financial advisors suggest transfer of institutionally held paper or digital assets to personally held substantial assets as much as possible.
Many of the U.S. jobs created during this recession have been governmental jobs. However, there is a limit on how many the government can hire. Now government workers are being laid off as well. Local, regional and state governments face financial crises as much as the national government.
Much of the manufacturing work that has gone to cheap labor markets in other nations is no longer available to U.S. workers. These old factory jobs are not likely to come back. Lower cost production in other parts of the world is better for the bottom line of giant corporations. Detroit, which used to be one of the most prosperous cities in the world, is now a desolate wasteland of blight.
We need creative entrepreneurship and new industries to emerge soon. China, one of the largest foreign holders of U.S. debt, is poised to become the world's greatest economic power. Their workforce of what are essentially controlled slaves, cranks out almost any product at relatively lower cost.
China is also a major holder of U.S. debt and dollars. For several years they have been unloading dollars by purchasing assets in the U.S., particularly real estate and businesses.
With the number of people that are out of work in the U.S., the layoffs now underway by strapped companies and governments, and the concerns of many about their financial future, people are not buying much beyond necessities. As a result, under-employment continues to be substantial. Now even large retailers are laying off workers.
Many companies have cut employees to part time status to avoid having to provide insurance under the "Affordable Health Care Act". Then the worker is responsible to obtain coverage, but has less income to do so.
Meanwhile welfare, food assistance and homelessness numbers continue to mount.
Are there any significant signs of real economic growth? The situation is much worse than the manipulated and understated government figures try to suggest.
If you live in the United States, consider seeking out products for purchase that are made here. They are usually well-made and often less expensive than imports.
According to Lindsey Williams, source for insider information about "Big Oil" and the elite powers that be, they intend to move the price of oil up to $150 per barrel in 2013, and may move it to $250 or more as events that they influence unfold, such as the crises in the Middle East.
(NOTE: I know Rev. Williams personally. Back in the 90's, a business associate of mine and I collaborated with Williams on a book. Some do not like his preachy delayed-payoff style of speaking, but he has uncovered a lot of important information over the last 30 years or so. More about Lindsey Williams)
The political disturbances in the Mid East, including the Libyan civil war and the fighting in Syria, and speculators in oil contracts, pushed oil pricing higher to fluctuate near $100 per barrel for a while in 2012. Then the price fell way down briefly, to about $50 per barrel.
Since oil is a manipulated market like most of them, big time players in oil poised themselves for another round of vast profits as the price has climbed again as planned. Those in the know make mega money with any change, down or up.
How has the price of gasoline in the $3 to $4 per gallon range affected you and your neighbors? What if it were $5 or $6 or more?
Oil is not only used for fuel and energy, it is the source of petrochemicals, which are used in thousands of applications from plastics to agriculture, as well as in pharmaceutical medicines. All of those products will be more expensive if oil prices rise.
When the Federal Reserve Board completed the second round of "quantitative easing" ("QE2") funds in 2011, they had created another trillion dollars in funny money for buying U.S. Bonds as "buyer of last resort". This has substantially increased the national debt and fueled inflation, which is much higher than the altered figures put out by the government (see next section below).
For the last year, they have been operating QE3 and QE4, being called "QE to infinity" by some, as quantitative easing is now set to be ongoing. This is creating even more funny money to buy mortgage backed securities debt and U.S. Treasury debt. This along with the European bailouts will be even more inflationary.
The FED is currently the largest holder of U.S. debt, with China and Japan holding most of the rest. Other nations no longer want to lend to the U.S. as they anticipate losses from the fall of the dollar.
Many nations are in the process of resetting their currencies. The expected revaluations of the Iraqi dinar and the Vietnamese Dong are the most significant of these currency changes.
The revaluation of Iraq's currency has been anticipated for several years, since the dinar was reduced to a pittance during the international boycott of Iraq and the wars there. It is believed that the FED, the U.S. Treasury and the International Monetary Fund (IMF) are assuming that a dramatic currency revaluation will help stabilize the dollar and the Euro, as well as other currencies and financially troubled nations, but if so, it may be only temporary.
The U.S. dollar has been the world's "reserve currency" since the end of World War II, when the U.S. gave financial assistance for the recovery of many other nations including Britain, whose pound sterling was the previous reserve. For over 60 years the dollar has been the benchmark currency for international trade.
In fact, the dollar had been exclusively used for Gulf oil sales since the early 1970's, when Secretary of State Henry Kissinger traded guaranteed security enforced by the U.S. military for "petro-dollar" status with key OPEC members, particularly Saudi Arabia.
This status is now being undermined as the "BRICS", several major trading nations, some with oil reserves outside of the Gulf, have made agreements to exchange their own currencies in their oil deals and other business. Further, there are plans under consideration by even the Gulf Arab states to change to a basket of currencies in the trading of oil, or another form of international payments that does NOT exclusively use the dollar.
Nations holding amazing amounts of U.S. dollars and treasury obligations, such as China, are backing off of accepting more and slowly unloading their holdings. China and Japan have recently concluded an agreement to use their own currencies instead of the dollar in trading various goods between themselves.
Standard and Poor, one of the primary bond rating services, has downgraded U.S. bonds from their longtime AAA status to AA. Then another rating agency recently lowered the U.S. to AA-. American tourists are finding that many vendors in other countries will not accept dollars anymore.
It has been proposed that either a new world currency or the use of "Special Drawing Rights (SDR)" accounts through the Bank of International Settlements (BIS) replace the dollar as the primary currency of international trade.
(The BIS, the International Monetary Fund (IMF) and the World Bank are the key institutions of the global banking establishment and its owners. These agencies deal financially with the various nation's central banks, such as the Federal Reserve Bank (FED) in the U.S. They exert influence or control over these central banks, and thereby the governments through financial power.)
The dollar is dying rapidly internationally. Both the Euro and the dollar could collapse completely before long. This may occur at any time. The Japanese Yen is not in much better shape.
On the other hand, the Chinese yuan is expected to strengthen more. The U.S. has wanted that to happen to ease the trade imbalance with China. However, China appears to have bigger ideas. They are accumulating vast amounts of gold, probably with the intention of establishing their yuan as at least one of the new world reserve currencies of choice with gold backing.
Some believe that as fiat currencies (backed only by faith in the issuing government) fail, there will be a return to asset backed currencies tied to commodities such as oil, gold or grain. The international financial interests control the bulk of these commodities as well.
There is talk of the U.S. issuing a new U.S. treasury currency backed by assets. If it is backed by gold or oil, those assets are primarily controlled by the transnational financial powers and can be used to leverage financial manipulation as well as fiat currency.
Some think we will be going directly to a world currency based on the IMF's Bank of International Settlements "Special Drawing Rights" (SDR's). That would likely be coincident with global governance, which is the ultimate goal of the corporate state tyrants.
With the combination of the U.S. dollar now losing its status as the world reserve currency, the FED pouring our money into the global economy, and rising oil and food prices, MASSIVE inflation may soon be generated in the U.S. It is already happening with fuel and food!
NOTE: In March, 2011, a price check at a local northern Ohio grocery chain found green peppers selling for $1.99 EACH! Leaf lettuce was $2.99 per pound. These items are transported great distances in the winter.
More recently a box of organic cereal was marked at $6.29 that previously had cost about $3.00 at the same supermarket.
Demand for food is exploding in China as prosperity increases, including meats, corn, wheat and soybeans. Meanwhile, U.S. farmers are reeling from the financial pressures from drought, cost of supplies and foreclosures.
The figures used by the government and the FED for inflation are not the same calculations as were used in past decades. The formula has been strangely adjusted to exclude gasoline and food, so that the stated inflation rate is much less than reality. Real inflation, which includes fuel and food in the mix, is now considered to be 8% to 10% or more per year by wary analysts. (See www.ShadowStats.com)
The prices of energy, and anything delivered by truck, plane or boat, and anything sold by a business that has utilities or transportation expenses, go up as fuel does. When oil prices rise again, other prices will go WAY UP! Is your income going to go up? That is not likely for most people. If you have an income now, will it even continue?
The international bankers have successfully perpetrated their long term strategy to control governments and populations around the world with debt. Convincing politicians, business owners and householders alike that borrowing the funds to acquire what is desired ahead of the ability to pay for it makes sense, has created a world of debt slaves. The bankers have arranged to create these play money funds out of nothing but the confidence of the borrowers.
We have been duped into thinking that the play money was real because we got to purchase real assets with it. However, now that the financial plug is being pulled and we cannot generate enough funds to pay for the loan and the interest as well as the necessities like food and utilities, and now that the anchor assets like real estate are not worth as much as when we got the loans, our economy is in deep debt trouble.
Many state governors and municipal officials in the United States are saying that "the day of reckoning is here" regarding their ability to meet their obligations. 46 states are deep in debt and facing huge budget shortfalls. Governments are cutting projects and jobs, trying to reduce the benefits of public employees, and taking steps to get more revenue from their citizens. A few local governments have already declared bankruptcy. Some of them are not even paying their bills!
Add to the debt bubble the additional game of the derivatives market, in which even the big banking institutions are exposed to trillions of dollars of obligations with little or no security, and it is clear that we are on the verge of a financial crash.
Derivatives are speculative pseudo-securities used to hedge financial positions. They have turned Wall Street and London into giant gambling casinos with the world economy at stake. For examples, derivatives were involved in the AIG crisis, the 2008 crash and subsequent bailouts, and the MF Global collapse.
When one or more of the dollar, debt or derivatives bubbles bursting fully hits, banks may close down for a while, governments at every level may claim to be beyond bankrupt and unable to provide the normally expected services, and companies may shut their doors. Even federal government payouts could be suspended.
California has already released thousands of prisoners early in addition to cutting state jobs. Teachers and other public union members in many states are rallying to preserve their collective bargaining power. They are starting to realize that the cuts that are coming will be MAJOR.
A whole lot of people are gradually coming to the end of their unemployment compensation. Other government support programs are being cut as well. This is taking another big bite out of the purchasing power of the populace. Less to spend - less sales of goods - less work - less jobs - less income - and so forth.
People are starting to realize that things are getting worse rather than better. The repeated terrible tumbles in the stock market tell us that the money managers have figured out that the outlook is REALLY POOR. Another major crash is likely to come before long.
Pension programs, both private and public, are vastly under-funded with many in deep doo-doo. Now there are secret government discussions of taxing various retirement funds, including 401K's and IRA's.
Retirement assets took a huge hit in the crash of 2008, then recovered somewhat. With the latest crash, some "retirement" funds were decimated again, but an even worse loss is almost certainly coming.
The artificially low interest rates have sustained high bond prices for governments and banks to maintain their reserve requirements and pad their balance sheets. Inflation has begun to force interest rates higher, bond prices are declining.
The solvency crisis will soon be exposed dramatically. The paper markets (stocks, bonds, options, derivatives, etc.) will fall.
What are people already retired that are taking multiple financial hits going to do? What about the people who depend on government payment programs to pay for food, rent and utilities? Where are they going to get enough income to meet their needs if government can't pay out and savings are wiped out? The Social Security Administration and other government support bureaucracies are already seeking ways to reduce payouts.
Those whose assets are in dollar based paper forms may suffer tremendous financial losses so rapidly that they would be unable to act in time to prevent it once a dollar collapse hits. Banks may be closed and withdrawals from accounts restricted or frozen. Stocks, bonds and mutual funds may drop so fast that even acting rapidly to sell may result in a tremendous loss.
The United States could become chaotic as food and energy prices go up with less than half the adult population working, greater numbers of unemployed from government layoffs, broke retirees and the poor penniless.
It is suggested to move away from cities if possible. As people become desperate for food and fuel, more of them may turn to crime and violence, and as mass demonstrations increase, riots could break out.
Many experts are warning of increased economic and social chaos in the next few years, especially in Europe and the United States. (It has already been dramatic in Greece, Spain, Italy and even England.)
According to the FBI there are over 33,000 gangs in the United States, with a total of approximately 1.4 million members. These are in most major cities, with a lot of rural locations as well. In some cases they control a whole neighborhood or region.
Some of the crime organizations are more organized and well hidden than ever. Many have very sophisticated cover operations, perhaps with covert assistance from police and various other officials, whether by association, blackmail or bribe.
Some analysts believe the "Powers That Be" have designed economic and social conditions to be challenging and stressful on purpose. There is much evidence that the black market drug trade is ultimately controlled by officials for their own financial gain and to foster social upheaval, even in the United States.
The hidden producers who run the giant hypnotic magic show want to control both the theater and the audience -- everything and everyone. These powerful controllers do not have the best interests of the rest of us in mind. In fact their intention is quite the opposite.
Some analysts believe that the international financial and technological power brokers are manipulating global economic factors to further stress the United States economy and society in particular, as well as in other nations around the globe.
It is believed that the goal of these elite power interests is to weaken and disrupt the United States economically until the population is so duped by staged bad news events and the fear they cause, that the people themselves call for intervention (military occupation) and accede to full participation in global bureaucratic governance with expanded international regulations and controls.
We are already witnessing the losses of liberty step-by-step under the rubric of the "war on terrorism", with false flag events and rapidly increasing surveillance and security measures.
These transnational power players have been working for a very long time since the Civil War in the 1860's, to orchestrate the completion of their takeover of the United States. The commitment of a strong people to freedom was at one time the major impediment to their world domination plans, so they had to weaken, hypnotize and reeducate the populace.
The "New World Order" has been in "progress" for many years. The United States government and most assets in the U.S. are effectively privately owned by the international financiers. This has been the situation since the 1930's. The debt these powers have bound us with, and their bureaucratic financial and security regulations have been eroding our liberties for nearly a century. It is already obvious, and will be noticed even more in the coming months.
Just take a look at a United States dollar bill. It says "Federal Reserve Note" on it, showing that they own it. Through taxes, Americans pay interest to use the bankers' dollars, which are debt instruments. The back of the dollar bill is decorated with occult symbols representing the secret intentions of the financial and intelligence elite and the hidden powerful rulers at the top of the control establishment.
Click here to learn more about the plans of the elite controllers of the financial / government / military / industrial / technology / pharmaceutical / media complex and its technocrats that have been unfolding for more than a century.
As one of the largest foreign holders of U.S. debt, the Chinese are also accumulating assets in the United States. They have procured companies, banks, buildings and infrastructure. There are reports that there are even enclaves of Chinese residents being developed -- whole cities of Chinese workers and plants being established in the U.S.
Take A Relaxing Breath
The challenges of life are opportunities for expanding heart love to surround and soften the apparent crisis conditions.
~ Jon the Sage
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