Subject: ... --- ... .-. ..- -. 'SPRING'S'-AUG-22-2019 = Thu Aug 22, 2019 10:24 am
THE SAVAGE INTEL... ... --- ... .-. ..- -. (sos run)
Message Decoded, Public Rollout Of Declass, Complete Transparency
Recession Alarm: US Manufacturing PMI Unexpectedly Crashes Into Contraction With Lowest Print In 10 Years
KOCH & SOROS UNITE TO CENSOR THE INTERNET
Tank Economy, Crash Stock Market Or Dollar & Blame Trump Going Into 2020 ElectionTank Economy, Crash Stock Market Or Dollar & Blame Trump Going Into 2020 Election
Siege at Ruby Ridge: The Forgotten History of the ATF Shootout That Started a Militia Movement
The Greatest Depression Is Coming | What It Will Be Like
Last edited by spring2 on Thu Aug 22, 2019 11:46 am; edited 6 times in total
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Subject: Message Decoded, Public Rollout Of Declass, Complete Transparency Thu Aug 22, 2019 10:30 am
Recession Alarm: US Manufacturing PMI Unexpectedly Crashes Into Contraction With Lowest Print In 10 Years
[size=10]by Tyler Durden Thu, 08/22/2019 - 09:59
rint
With all eyes focused squarely on Germany's dismal PMI prints, which have been in contraction for over half a year, the investing public forgot that the US economy is similarly slowing down. And moments ago it got a jarring reminder when Markit reported that the US manufacturing PMI unexpectedly tumbled into contraction territory, down from 50.4 last month, and badly missing expectations of a 50.5 rebound. This was the first print below the 50.0 expansion threshold for the first time since September 2009. But wait, there's more, because whereas until now the US services segment appeared immune to the slowdown in US manufacturing, in August the service PMI tumbled to 50.9, down from 53.0 in July, matching the lowest print in at least 3 years, and well below the 52.8 consensus expectation. According to Markit, subdued demand conditions continued to act as a brake on growth, with the latest rise in new work the slowest since March 2016. This contributed to a decline in backlogs of work for the first time in 2019 to date. Meanwhile, business expectations among service providers for the next 12 months eased in August and were the lowest since this index began nearly a decade ago.
As the report further notes, the decline in the headline PMI mainly reflected a much weaker contribution from new orders, which offset a stabilization in employment and fractionally faster output growth. This however was offset by new business received by manufacturing companies, which fell for the second time in the past four months during August. Although only marginal, the latest downturn in order books was the sharpest for exactly 10 years. The data also signalled the fastest reduction in export sales since August 2009. Survey respondents indicated that a drop in sales often cited a soft patch across the automotive sector, alongside a headwind to manufacturing exports from weaker global economic conditions. Meanwhile, manufacturing companies continued to trim their inventory levels in August, which was mainly linked to concerns about the demand outlook. Pre-production inventories fell for the fourth month running, while stocks of finished goods decreased to the greatest extent since June 2014 fastest reduction in export sales since August 2009. Survey respondents indicated that a drop in sales often cited a soft patch across the automotive sector, alongside a headwind to manufacturing exports from weaker global economic conditions. Commenting on the flash PMI data, Tim Moore, Economics Associate Director at IHS Markit said: [/size]
Quote :
“August’s survey data provides a clear signal that economic growth has continued to soften in the third quarter. The PMIs for manufacturing and services remain much weaker than at the beginning of 2019 and collectively point to annualized GDP growth of around 1.5%. “The most concerning aspect of the latest data is a slowdown in new business growth to its weakest in a decade, driven by a sharp loss of momentum across the service sector. Survey respondents commented on a headwind from subdued corporate spending as softer growth expectations at home and internationally encouraged tighter budget setting. “Manufacturing companies continued to feel the impact of slowing global economic conditions, with new export sales falling at the fastest pace since August 2009. “Business expectations for the year ahead became more gloomy in August and remain the lowest since comparable data were first available in 2012. The continued slide in corporate growth projections suggests that firms may exert greater caution in relation to spending, investment and staff hiring during the coming months.”
An interesting nuance as noted by Viraj Patel of Arkera, is that while German economic sentiment may be troughing (granting in very contractionary territory), it is now America's turn to slump into recession:
Quote :
Viraj Patel@VPatelFX
[ltr]Interesting PMI day so far. Eurozone (Germany) beats... and US disappoints. Is relative tide changing? Lot of pessimism over Eurozone economy versus US Trump tax cut 'sugar high' + tariff war slowdown still very much in process with more room to go. $EURUSD cyclically higher now?[/ltr]
6 6:56 AM - Aug 22, 2019 Twitter Ads info and privacy
[ltr]
See Viraj Patel's other Tweets
[/ltr]
A few days ago we reported that the easiest way for Trump to get the Fed to launch QE was to i) start a global economic war or ii) send the US economy into recession. Based on today's data, Trump is making great progress on the latter, and we are confident the former can't be far behind.
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Subject: KOCH & SOROS UNITE TO CENSOR THE INTERNET Thu Aug 22, 2019 11:18 am
KOCH & SOROS UNITE TO CENSOR THE INTERNET Mac Slavo August 21st, 2019 SHTFplan.com Comments (12) Read by 3 people
Establishment left-wing and establishment conservative billionaires are teaming up to censor the Internet. It looks like elitists on both sides of the political aisle are trying to make sure you only get the information they want you to have. Organizations established by left-winger George Soros and neo-conservative Charles Koch have been working together on a key priority of globalist neoliberals and neoconservatives: censorship of the Internet, according to Breitbart News. Censorship is necessary for tyranny so it makes sense that those who need the government to enslave humanity would be working together to achieve the means to an end.
Quote :
Last year, the Charles Koch Institute pledged its support for the “After Charlottesville Project,” an initiative organized by the Anti-Defamation League (ADL) aimed at combating “online extremism.” Sponsors of the initiative include Comcast, NBC Universal, the Kresge Foundation, and the George Soros Charitable Foundation. Other groups involved in the project include a host of Soros-funded organizations, including “Hope not Hate,” the British equivalent of the far-left SPLC, and the pro-immigration National Immigration Forum. The former group, Hope not Hate, has a reputation for far-left extremism. Liberal anti-extremism campaigner Maajid Nawaz accused them of “book burning” after it announced a campaign to get allegedly “racist” books banned by major retailers. It was also forced to retract a smear against a Jewish pro-Israel activist last year.-Breitbart News The Charles Koch Institute, once seen as a conservative nemesis of the left, has now aligned itself with this group of left-wing, pro-censorship, anti-Trump agitators. When it comes to censoring the Internet, both the progressive and “conservative” establishment appear to be converging on a common position.
[size] The Charles Koch Institute now also appears committed to advancing Internet censorship and aligning with totalitarianism and slavery over freedom and libertarian principles. Koch is now for “content moderation,” as they call it. Sarah Ruger, the Institute’s director of “free expression initiatives” has praised Airbnb for canceling the reservations of far-right activists, and has called for “online hate” to be treated like a “virus.” As always, there’s an elephant in the room — what counts as “online hate?” Is it questioning the official narrative? Is it condemning authoritarians who harm others? Is it siding with morality even though it contradicts the existence of government? What exactly is “online hate” and who gets to decide if you’re hateful? Author:Mac Slavo[/size] Views: Read by 3 people Date: August 21st, 2019 Website: www.SHTFplan.com Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
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Subject: Tank Economy, Crash Stock Market Or Dollar & Blame Trump Going Into 2020 Election Thu Aug 22, 2019 11:27 am
Tank Economy, Crash Stock Market Or Dollar & Blame Trump Going Into 2020 Election
[size=36]August 22, 2019 [/size]
If the globalists do crash the economy, will President Trump be able to explain what’s really going on to the public?
Alex Newman interviewed by Greg Hunter on USA Watchdog Journalist Alex Newman’s biggest fear is the New World Order tanking the global economy to try to tarnish Donald Trump before the 2020 Presidential Election. Newman says, “We may see the globalists try to crash the economy, whether that be pulling the rug out from under the stock market or whether that be trying to crash the value of the dollar. Then using that to demonize President Trump and all of his supporters and to basically say see what happens when you defy globalism. See what happens when you try to implement tariffs so the communist Chinese don’t rip you off. You end up blowing up your own economy. They are going to say this is all Trump’s fault and the fault of the people who voted for him. I think this is a very real possibility. . . . If they crash the economy, Trump can use his bully pulpit to explain what is really going on. . . . We are not dealing with people we have a difference of opinion with. We are dealing with people who are nefarious and people with evil intention who would very much like to destroy liberty and very much like to destroy our country and merge it into a global system with them at the top. . . . We are dealing with people who are absolutely evil and who would not hesitate to do any immoral or illegal thing if they thought it would advance their agenda and if they knew they would not get caught and not get into trouble.” Join Greg Hunter as he goes One-on-One with Alex Newman, International Correspondent for The New American Magazine. Donations: https://usawatchdog.com/donations/
https://youtu.be/Xuqqyhh8Xfw
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Subject: Siege at Ruby Ridge: The Forgotten History of the ATF Shootout That Started a Militia Movement Thu Aug 22, 2019 11:31 am
Siege at Ruby Ridge: The Forgotten History of the ATF Shootout That Started a Militia Movement
[size=14]By The Daily Sheeple | Ammo.com Published onAugust 21, 2019 [/size]
COMMENT
[size=13]Hundreds of state and federal authorities, equipped with helicopters and armored personnel carriers, pour into the woods, putting a perimeter around the cabin. The Siege at Ruby Ridge is often considered a pivotal date in American history. The shootout between Randy Weaver and his family and federal agents on August 21, 1992, is one that kicked off the Constitutional Militia Movement and left America with a deep distrust of its leadership – in particular, then-President George H.W. Bush and eventual President Bill Clinton and Attorney General Janet Reno. The short version is this: Randy Weaver and his wife Vicki moved with their four kids to the Idaho Panhandle, near the Canadian border, to escape what they thought was an increasingly corrupt world. The Weavers held racial separatist beliefs, but were not involved in any violent activity or rhetoric. They were peaceful Christians who simply wanted to be left alone. Specifically for his beliefs, Randy Weaver was targeted by the Bureau of Alcohol, Tobacco and Firearms (ATF) in an entrapping “sting” operation designed to gain his cooperation as a snitch. When he refused to become a federal informant, he was charged with illegally selling firearms. Due to a miscommunication about his court date, the Marshal Service was brought in, who laid siege to his house and shot and killed his wife and 14-year-old son. Randy Weaver was, in many ways, a typical American story. He grew up in an Iowa farming community. He got decent grades in high school and played football. His family attended church regularly. He dropped out of community college and joined the United States Army in 1970. After three years of service, he was honorably discharged. One month later he married Victoria Jordison. He then enrolled in the University of Northern Iowa, studying criminal justice with an eye toward becoming an FBI Agent. However, he dropped out because the tuition was too expensive. He ended up working in a John Deere plant while his wife worked as a secretary before becoming a homemaker. Both of the Weavers increasingly became apocalyptic in their view of the world. This, combined with an increasing emphasis on Old Testament-based Christianity, led them to seek a life away from mainstream America, a life of self-reliance. Vicki, in particular, had strong visions of her family surviving the apocalypse through life far away from what they viewed as a corrupt world. To that end, Randy purchased a 20-acre farm in Ruby Ridge, ID, and built a cabin there. The land was purchased for $5,000 in cash and the trade of the truck they used to move there. Vicki homeschooled the children.
The Weavers Move to Ruby Ridge
After moving to Ruby Ridge, Weaver became acquainted with members of the Aryan Nations in nearby Hayden Lake. He even attended some rallies. The FBI believed his involvement in the church was much deeper than it actually was – they thought he was a regular congregant of the Aryan Nations and had attended the Aryan Nations World Congress. Both Randy and Vicki were interviewed by the FBI in 1985, with Randy denying membership in the group, citing profound theological differences. Indeed, the Weavers (who had some points of agreement with the Aryan Nations, primarily about the importance of the Old Testament) mostly saw their affiliation with the Aryan Nations as a social outlet. Living off-grid, the nearby members of the Aryan Nations were neighbors in remote northern Idaho. Later, in 1986, Randy was approached at a rally by undercover ATF informant Kenneth Faderley, who used a biker alter ego of Gus Magisono and was currently monitoring and investigating Weaver’s friend Frank Kumnick. Faderley introduced himself as an illegal firearms dealer from New Jersey. Randy later encountered Faderley at the World Congress of 1987. He skipped the next year’s Congress to run for county sheriff, an election that he lost. The ATF claims that in 1989, Faderley purchased two illegally shortened shotguns from Randy Weaver. However, Weaver disputes this, saying that the shotguns he sold Faderley were entirely legal and were shortened after the fact. The notes from the case show that Faderley purchased the guns and showed Weaver where to shorten them, which would constitute illegal entrapment. What’s more, the government preyed on the destitute nature of the Weavers, who lived in a small cabin in the woods with no electricity or running water. The real purpose of the investigation was not to grab Weaver, but to use him to infiltrate a group in Montana being organized by Charles Howarth. In November 1989, Weaver refused to introduce Faderley to Howarth, and Faderley was ordered by his handlers to have no further contact with Weaver.
Randy Weaver Refuses to Turn Snitch
In June 1990, Faderley’s cover was blown. It was then that the ATF reached out to Weaver, stating that they had evidence he was dealing illegal firearms. They told him they would drop all charges if he would agree to become their new informant regarding the investigation of the Aryan Nations groups in the area. Weaver refused. To coerce him into changing his mind, the Feds staged a stunt where a broken down couple were at the side of the road. Weaver stopped to help them and was handcuffed, thrown face down in the snow and arrested. He had to post his home as bond. Still he refused to become a federal informant. The irony of the federal government’s desire to obtain informants within the Aryan Nations is that different branches of federal law enforcement and intelligence gathering occupied five of the six key positions in the organization. This means that the Aryan Nations were effectively a government-run shop, with agents spying on each other to ensure the integrity of an investigation – into an organization almost entirely run by the federal government. The government had an obsession with the Aryan Nations due to Robert Jay Matthews, who was a member of The Order, a terrorist organization including members of the Aryan Nations. The FBI’s Hostage Rescue Team burned Matthews alive inside his own home. Due to his ongoing refusal to snitch, Weaver was then arrested in January 1991, on illegal firearms sales charges. These charges stemmed from Weaver’s earlier “sale” of two shortened shotguns to Faderley, the undercover ATF agent – a sale which the feds later admitted constituted illegal entrapment. Weaver’s court date was set for February 19, 1991, then changed to the next day. Weaver, however, received notice that his court date was not until March 20. He missed his February court appearance and a bench warrant was issued for his arrest. The United States Marshals Service wanted to allow Weaver the chance to appear for what he thought was his court date, however, the United States Attorney’s Office sought a grand jury indictment on March 14th – six days before his notice said he was due in court. Already skeptical of the Feds after their repeated strongarm tactics, both Randy and Vicki saw this as further evidence that Weaver would not receive a fair trial. They increasingly isolated themselves on their Ruby Ridge farm, vowing to fight rather than surrender peacefully. During the standoff, a voluntary surrender date was negotiated with the Marshals Service for October 1991, but the United States Attorney’s Office refused the settlement. The Deputy Director of the Special Operations Group of the Marshals Service, using evidence obtained through surveillance, believed that the best course of action was to drop the indictment, issue a new one under seal, and use undercover agents to arrest Weaver, who presumably would have dropped his guard. This recommendation was again rejected.
Shooting the Weavers’ Dog: The Siege of Ruby Ridge Begins
On August 21, 1992, six heavily armed, camouflaged U.S. Marshals went to the Weaver property with the purpose of reconnaissance. The Weavers’ dogs gave away the position of the Marshals, alerting their 14-year-old son Sammy and a 24-year-old friend of the family named Kevin Harris, who investigated what the dogs were barking at while armed. Unsurprisingly, there are several accounts of how the shooting began. The Weavers claim that the camouflaged Marshals fired first and refused to identify themselves. The Marshals claim that when they rose to identify themselves, they were fired on by Sammy Weaver and Kevin Harris. In yet another version of events, Marshals shot the Weavers’ dog Striker as he exposed their position and were fired upon by Sammy in retaliation. Once the shooting began, Randy Weaver’s son, Sammy, was shot in the back by Marshals immediately after yelling, “I’m coming, dad!” as he ran back to the house. That is to say, he was fleeing the scene, not regrouping for another attack. After this initial exchange, the FBI’s Hostage Rescue Team – sometimes disparagingly called the “Hostage Roasting Team,” due to their proclivity to burn down buildings – was called in to assess the situation. Sniper and observer teams were deployed by the Hostage Rescue Team. A sniper aimed for an instant kill shot on Randy, but Randy moved at the last minute and the shot entered his shoulder, exiting through his armpit. He then fled back to the house from the shed where he had been viewing the body of his dead son. A second shot missed Kevin Harris and hit Vicki in the head, who was holding their 10-month-old daughter at the time in her arms, a powerful image often invoked in the telling of the story. This same second shot hit Harris after exiting Vicki. An internal investigation found that the second shot was out of policy and that the failure to request surrender was “inexcusable.” FBI Sniper Lon Horiuchi fired through a door without seeing who was on the other side of it – at people who were fleeing and posed no threat. He was later charged with manslaughter in these deaths, but the charges were dropped. Horiuchi was also involved in the Waco siege, and Timothy McVeigh printed up cards for gun shows encouraging people to target him. Indeed, McVeigh considered targeting Horiuchi and his family rather than the federal building. In 1995, he pleaded the Fifth when questioned about the matter by the United States Senate. His whereabouts are currently unknown. The rules of engagement were changed on the fly to effectively encourage shooting anyone on sight. This included the remaining Weaver children, who were known to carry weapons 81 percent of the time. Once the siege began, none of the Weavers fired a shot. The standoff lasted ten days, and involved between 350 and 400 agents who cruelly named their camp, “Camp Vicki.” They would routinely call out “Vicki, we have blueberry pancakes,” but claimed to not know that she was dead. Supporters of the Weavers and opponents of the ATF and FBI formed a vigil. Weaver’s commanding officer from Vietnam, James “Bo” Gritz (who was currently running for President on the Populist Party ticket) acted as a mediator between the family and government agents. Radio broadcaster Paul Harvey intervened, offering to pay for a robust defense for Weaver if he surrendered. This was what led Weaver to abandon the standoff and surrender himself to federal authorities.
The Aftermath of the Federal Siege at Ruby Ridge
Weaver was charged with ten counts, including the original charges, of illegal firearms sales. His attorney, Gerry Spence, successfully defended Weaver against a host of charges, including murder, by using a self-defense argument. Weaver was ultimately only convicted of the charge of failure to appear, for which he was sentenced to 18 months in prison and a fine of $10,000. He was credited with time served plus three months. Kevin Harris was acquitted of all charges. These were the longest deliberations in Idaho criminal history. Weaver sued the federal government, which avoided a civil trial by awarding damages of $1,000,000 each to the three surviving Weaver children and $100,000 to Randy. Harris eventually received a settlement of $380,000 after several years of appeals against a government who claimed they would never issue any payment to someone who had killed a federal marshal. It is worth noting that the federal government took active steps to cover their tracks after the Siege of Ruby Ridge. The chief of the bureau’s Violent Crimes and Major Offenders Section pled guilty to attempting to destroy all copies of the FBI’s internal report on the siege. Federal Judge Edward Lodge penned a lengthy list of misdeeds, including fabrication of evidence and refusing to comply with court orders. Deval Patrick, then-Assistant Attorney General for Civil Rights and later Governor of Massachusetts, later found that federal agents had not used excessive force. One of the biggest changes after the Siege of Ruby Ridge was a change in the rules of engagement. In October 1995, the Senate Subcommittee on Terrorism, Technology and Government Information ordered all federal agencies to standardize their rules of engagement, particularly as pertained to deadly force. Randy and his daughter Sara wrote a book about the events in 1998 entitled The Federal Siege at Ruby Ridge. The family now live in Kalispell, Montana. Sara became a Born Again Christian in 2012, and forgave the federal agents. There was, predictably, very little meaningful blowback on the United States Marshals Service or any other parts of the federal government. The Ruby Ridge Task Force delivered a highly redacted 542-page report. And the six marshals involved in the initial shootout were given the highest commendations awarded by the United States Marshal Service. In 1997, the Justice Department declined to prosecute senior FBI officials for covering up the details of the case. Two FBI agents were prosecuted, one served 18 months in prison for destruction of evidence and the other had the charges dismissed. The second-in-command of the FBI was demoted and three other agents were suspended. In 1996, Weaver offered his services to defuse tensions between the FBI and the Montana Freeman, however, this offer was declined. In 2000, Weaver visited the former site of the Branch Davidian Church that had been destroyed in another high-profile siege. He later offered support to Edward and Elaine Brown, who were resisting federal taxes at the time.
How It Could Have Gone: John Joe Gray
While it might be easy to take the cynical route and say that Ruby Ridge changed nothing (particularly in the wake of the Waco Siege, which took place a mere year after the Siege of Ruby Ridge), we have at least one example of the federal government admitting that it tread lightly to avoid another Ruby Ridge-like situation. John Joe Gray is a sovereign citizen living on a 50-acre wooded ranch in Trinidad, Texas. During a traffic stop, he became involved in an altercation with Texas Trooper Jim Cleland. Cleland reached for a .357 in Gray’s car. His car was filled with anti-government literature, including pamphlets referencing bombing a bridge. After the altercation with the Trooper, he was charged with two felonies: taking a police officer’s weapon and assault on a public servant. Gray promised to have no weapons while he was awaiting trial and posted bond. After the fact, a judge declared that his bond was insufficient. He then ordered Gray arrested. Henderson County Sheriff Ray Nutt stated that “This kook is not worth it. Ten of him is not worth going up there and getting one of my young deputies killed.” So how long did local, state and federal authorities allow Gray to hole up on his ranch without any kind of armed confrontation? Just a few days shy of 15 years, in what was the longest law enforcement standoff in American history. The charges were eventually dropped, under the premise that Gray had essentially served a 15-year house arrest term and that a militant confrontation in the style of Ruby Ridge didn’t benefit anyone. While Randy Weaver’s stand might have made the Feds think twice about coming in guns blazing the next time they can’t strongarm someone – with an eccentric lifestyle and unusual beliefs – into turning informant, this is likely cold comfort for Weaver who lost his 14-year-old son and wife. This is why those in the freedom, patriot, Constitutional, survival and Second Amendment movements remember this day. It is a chilling reminder of the predatory and aggressive nature of federal law enforcement. Article posted with permission from Ammo.com[/size]
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Subject: The Greatest Depression Is Coming | What It Will Be Like Thu Aug 22, 2019 11:45 am
The Greatest Depression Is Coming | What It Will Be Like by Ken Jorgustin | Updated Aug 21, 2019 | Systemic Risks | 158 comments The Greatest Depression is going to be so bad, it will shock the world. It’s not going to be ‘just’ here in the U.S., it will be global. The systemic risk is entirely global. Before some of you immediately reflex and accuse me of click-baiting, this is simply my opinion and belief that we’re likely headed towards very difficult times. I would like to talk about it, logically, sensibly, and gather your opinion as well. (That’s a good thing for preparedness.) In anticipation of the following argument, I will address it right up front. Many will say that any economic decay will remain slow and steady. Therefore most who may be affected will be able to adapt and cope. There will be no Greatest Depression. I respectfully disagree. I do believe that there is a tipping point at which any further economic stimulus will be entirely ineffective. Game over. We’re not there yet. But with today’s worldwide negative interest rates (and the FED with only ~2 points left), it’s a race to the bottom. We’re getting closer. I don’t like to imply predictions. However, there are two lines of thought. One, it goes down the tubes before the 2020 election, and two, it blows out not long afterwards.
[list="box-sizing: border-box; margin-right: 0px; margin-left: 0px; padding-right: 0px; padding-bottom: 23px; padding-left: 0px; border: 0px; outline: 0px; background: transparent; vertical-align: baseline; text-size-adjust: 100%; list-style-position: inside; list-style-image: initial; line-height: 26px;"] [*]The efforts to take down Trump have so far, failed. The latest attempt and “drum beat” is talk of “recession”. The powers-that-be know this will not bode well for reelection. Problem is, this might inadvertently (or otherwise) be the black swan event that actually takes it all down for real. Before the 2020 election. [*]For Trump it is imperative that he keep the economic ‘good times’ rolling. He needs to keep that bubble from popping to get re-elected. The other day he said that the FED should drop rates another point as well as kick off new QE (quantitative easing). He might keep it afloat with the last remaining stimulus for now, but the chickens are coming home to roost. And that might be not long after the 2020 election when there’s literally no “ammo” left with the Federal Reserve. [/list]
It’s a intertwined global systemic problem. The Global Debt Bubble is currently more than $250 Trillion (2018 numbers). Likely approaching $300 Trillion today. I’ve read that 30 Central Banks have lowered their interest rates this year. Most all rates are now NEGATIVE. In other words, you buy bonds and when they mature you get less money back than you put in. Crazy. And the U.S. doesn’t have much room left for their own rates… The equity market is one giant bubble. Low interest rates (cheap money) has been the compressed-air, but reality is going to be the pin that pops it. At this point there’s no way out. It’s a mathematical certainty that it’s going to blow apart. I’m going beyond the point of this article… I don’t want to argue the causes of if, why or when this is going to pop. I know that some of you don’t believe that it will. Rather, lets talk about what it will be like AFTER. What will the Greatest Depression be like? If you’re a skeptic with the opinion that it’s not going to happen, that’s okay. I’m not trying to convince you. But maybe you would like to join in the hypothetical discussion anyway regarding what it might be like “if” a Greatest Depression actually hits during these modern times.
[size=41]The Greatest Depression | How Does That Look?[/size]
It won’t look like the Great Depression of the 1930’s. No. Instead it’s going to be worse. First and foremost, the people and their way of life was quite different back then. Moral character was much higher. Many were farmers to one extent or another. A much higher percentage were self reliant. Family units were intact. Citizens did not hate their own country. Most people could ‘work’ with their hands. They had more practical skills. We made things back then. We were not reliant on imports as we are today. I’m certain that most of you understand the major differences between then and now, and how those differences are going to make it much worse this time around.
[size=35]Job & Income Loss[/size]
When it crashes, will the company you work for be able to stay in business? The people who are in sectors which are not closely tied to the necessities of daily living, will be hurt the most. Businesses will go out of business. Other businesses will trim, cut, and lay off workers in order to survive. When currency becomes worth less and income is not keeping up with its devaluation, consumers afford less, buy less. When there’s none to be had, consumers buy nothing. A chain reaction takes place all the way from local to global. When this gigantic historic bubble bursts, it’s not going to be a recession. The effects will devastate or eliminate people’s disposable income. Game over. Greatest Depression.
[size=35]Government (non)Assistance[/size]
The government will have great difficulty keeping the masses from revolt. Why? Because they won’t be able to just give more (worth less) money handouts to so many people with the same effectiveness. When they start doing that, it’s going to go hyper-inflation. The tipping point for chaos and revolt is when a tipping point of people are without jobs, desperate and hungry. And that’s what’s going to happen.
[size=35]Surviving on Less[/size]
The initial shock is going to be extreme for those who have had it all, but having been participating in the (fake) bubble. Most people who believe they’re living large, are actually living on debt. Those people will be stunned into a new reality. And it’s not going to be pretty. Everyone will be forced to live on less. The relative cost of goods will be enormous while there will be little money to be had. Lots more people will be eating Rice and Beans, for example. There will be less or none of just about everything. It’s almost unimaginable, given the cushy lifestyle that most enjoy today.
[size=35]How Many Will Lose Their Homes[/size]
This one is interesting. In theory, most everyone who defaults on their mortgage payments would lose their homes to the bank. During the 1930’s many lost their homes and farms. There’s also the issue of non payment of property taxes. However in a Greatest Depression during modern times, I suspect that conditions might be so bad, that there will be no way to enforce this en masse. In the beginning perhaps, but this may decay rapidly into a total meltdown of modern civilization as we know it. The real problems are instead going to be food, infrastructure, and security.
[size=35]Cities Will Meltdown[/size]
Imagine the hundreds of thousands to millions who live in the city regions dotted around this nation. Now imagine so many of them without enough money to buy what they need. It’s going to be chaos. Do you really think that the trucks will keep rolling down the highways feeding the city regions with enough or any of the consumables they need to survive? Will city managers and political systems (local/state/federal) be able to maintain a control over adequate distribution into these regions? Perhaps some, but certainly not all (or maybe not many at all).
[size=35]Infrastructure Breakdown[/size]
To varying extents, there will be crumbling infrastructure. People literally cannot survive in population dense regions without functional critical infrastructure. Major efforts will be in place to keep this running. However one wonders how many will stay on their jobs if their pay is or has essentially become “monopoly money”. What incentive will there be? Will they not be more concerned about their own family security?
[size=35]Survival Will Be About Your Own Abilities[/size]
The Greatest Depression will literally be about one’s own abilities to survive. Self reliance will be of the highest order. But how many people today are even fractionally self reliant? We are a people who are nearly entirely dependent. How’s that going to work out?
[size=35]Migration To Where’s There’s Work[/size]
During the Great Depression of the 1930’s, there was extensive migration of people looking for work, for a way to survive. Today though, I do not believe this will be even remotely similar. Why? Because most people today cannot do anything practical with their hands. Most people do not have practical skills of the trades. For most, in my estimation, there will be little paying work to be had in their fields of expertise compared to before the Greatest Depression.
[size=35]BugOut Desperation[/size]
On the other hand, if it’s bad enough that people are literally dying in the cities (for example), or anywhere else, some of these people will desperately try to get out. To bugout to somewhere with greener pastures. I don’t know how many. Some feel this will be incredible hordes of people. I’m not so sure, given the ingrained notion that they will somehow be saved where they’re at (by government). But surely there will be a significant attempt to get out, to go where there might be food, farms, to areas they believe can support them in some way.
[size=35]Security and Safety[/size]
I do strongly believe that a Greatest Depression in today’s climate will rapidly boil into major personal and home security issues. The percentage of people who have a realistic ability to take care of themselves or to be self reliant is so small, that this will erupt into social chaos and breakdown of civility in many areas. It will be a time of incredible dangers.
[size=35]Government Enforcement[/size]
When things get really bad, it will become difficult for governments to keep control. It will be a shear numbers problem. Even if the government mandates things like distribution escorts, mandatory restrictions, required work force, enforcing the law or new law… how will they enforce it all across the nation? Answer: they can’t. There will be too many people in desperate straits.
[size=41]So, what will it really be like?[/size]
None of us lived through the Great Depression. We can only read about it. I just know how very, very different it is today than back in the 1930’s. It makes me think that the next one is going to be so very much worse. I don’t even like to think about it. I absolutely and certainly hope that it never happens. However I really do believe that this horrible thing is getting closer. I see signs out there. I hear the waterfall up ahead. I’m not ready for it. But who actually is? Power seeks a vacuum. What changes will happen geopolitically because of this? What entities will take advantage of the situation? And in what way? How many will lose their lives in this disaster? It helps to vocalize questions. To offer opinions. To rationalize logical scenarios. While also realizing that some things don’t work out logically. I’ve reached a rambling 1700 words. I could go on for thousands more. But I’ll turn over the discussion to you. What will it be like?
I did not originate the phrase “Greatest Depression”. I’ve heard it before. Most recently from Gerald Celente of Trends Research. Though it rings true indeed. Continue reading: Lessons Learned from the Great Depression Survival Skills from the Great Depression
Dove Super Elite
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Subject: ... --- ... .-. ..- -. 'SPRING'S'-AUG-22-2019 = 
Thu Aug 22, 2019 10:24 am
