Relevant articles: Planned Economy or Planned Destruction?
National debt exceeds $18T, sparking renewed criticism of spending under Obama: "The national debt has passed the $18 trillion mark, sparking renewed criticism Tuesday from Republicans and other fiscal conservatives over the soaring trajectory of government spending under President Obama. ...The debt was at $10.6 trillion when Obama took office in 2009 but has increased by 70 percent during his roughly six years in office." See The emerging New World Order
19 Very Surprising Facts About The Messed Up State Of The U.S. Economy: " Barack Obama and the Federal Reserve are lying to you. The 'economic recovery' that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point."
Russia Is Doing It – Russia Is Actually Abandoning The Dollar: "The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian governmen... There hasn't been a word about this from the big mainstream news networks in the United States, but this is huge. ...
"When Barack Obama decided to slap some meaningless economic sanctions on Russia a while back, he probably figured that the world would forget about them after a few news cycles. But the Russians do not forget, and they certainly do not forgive. At this point the Russians are turning their back on the United States, and that includes the U.S. dollar....
"Meanwhile, Russians have been pulling money out of U.S. banks at an unprecedented pace.... we have been living in a temporary bubble of false stability for a few years.... In fact, the long-term trends that are destroying our economic and financial foundations just continue to get even worse. See The UN Plan for Global Migration
Fake Employment Statistics: More Phantom Jobs Created in America, All In The Wrong Places: "...on average about half of the new jobs each month are phantom jobs created by the birth-death model and inappropriate seasonal adjustments. So, I figured that the 217,000 jobs claimed for May are more like 108,000. Then I read John Williams’ report...: 'Monthly payroll gains overstated by 200,000 plus jobs.' In other words, there were zero new jobs in May." See Planned Economy or Planned Destruction?
Businesses Are Being Destroyed Faster Than They Are Being Created: "Traditionally, small businesses have been the primary engine of job growth in this nation, so the fact that study after study has found that small business creation is being crippled in the United States is a really bad sign for our economic future. ... [R]etail stores are closing at the fastest pace that we have seen since the collapse of Lehman Brothers, 20 percent of all families do not have a single member that is employed and 49 million Americans are dealing with food insecurity." See Planned Economy or Planned Destruction?
The Pope Is Completely Wrong About Capitalism And Inequality: "Pope's official Twitter account: 'Inequality is the root of social evil.... So if we redistributed all money and all property and made sure that everyone had an equal amount, would that wipe out social evil? Of course not. ...the evil that we see all around us is not the result of the distribution of wealth. Rather, it is the result of humanity's deep rebellion against God.
"Yes, the fact that the wealth of the planet is being increasingly funneled to a very small minority at the top of the pyram id is a major problem." See Who shapes our conscience?
The Middle Kingdom and the Coming World Disorder: "China’s most notable accomplishment in the past three decades is, perhaps, its success in engaging, and in many cases mastering, the international economic system setup and maintained by the U.S.-led West without being absorbed by it.
"China did not participate in setting the rules of international economic engagement. The system was built by the United States and its Western allies over many decades.
"By the end of the Cold War in the 1990s, it was firmly believed in the West that capitalism was going global; and a global economic infrastructure anchored by the WTO and IMF with the U.S. Navy patrolling the sea lanes would deliver a globalized world economy consistent with the inevitable universalization of Western values.... China adopted a market economy, but not capitalism." See America's Perilous Partnership with China
America’s Dying Economic Freedom: "After seven straight years of decline, America comes in at number 12, just behind Estonia. Sadly, America’s decline is occurring even as the level of economic freedom throughout the 186 countries analyzed by the Index has reached record highs."
The Emerging Global Fed: "The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. It also uses its monopoly power to cause interest rates to go up or down.... It serves as the government’s partner in perpetually expanding the 'welfare-warfare state...'
"...it would allow the emerging planetary regime to print its own money and finance its activities independently. That means wealth could be secretly siphoned away from all of humanity to pay for armies, tax collectors, courts, bureaucracies, law enforcement, wealth redistribution, propaganda, and much more.... The United Nations has also backed global currency proposals for the same reason. ... The term 'sustainable development' — especially when used by the UN — is often used to refer to stronger central planning, population reduction, more land in government hands, and other ideas repugnant to average Americans and the U.S. Constitution...." See Warning: 'This is going to end badly
"Be strong and of good courage; do not be afraid, nor be dismayed, for the Lord your God is with you wherever you go.” Joshua 1:9
New International Financial System in the Offing? "'Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they 'rewrite the rules of international finance.' The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,' Berlusconi said.... A solution to the financial crisis 'can't just be for one country, or even just for Europe, but global.' ... Not since the creation of the WTO have we seen such a dangerous global power grab; should the UN-centered international order gain ascendancy over the world's finances and money supply, political supremacy will not be long in following." See The Road to Serfdom: The End of Truth
Economy. "Supersizing" the IMF: "Is the International Monetary Fund headed toward becoming the Federal Reserve of the world? ... On January 31, at the World Economic Forum in Davos, Switzerland, the IMF's First Deputy Managing Director John Lipsky announced that the IMF is moving forward with plans to double the amount of money it has available to loan to governments....Where will it get the funds to double its capital base, if not from member nations?" See Planned Economy or Planned Destruction?
Warning: 'This is going to end badly... Be prepared, be worried and be careful': "Famed investor Jim Rodgers is predicting a disastrous scenario for the global economy. 'Eventually, the whole world is going to collapse,' he told CBC in a recent interview. Rodgers said 'we in the West have staggering debts,' noting that the United States is the 'largest debtor nation in the history of the world.' 'This is going to end badly,' he warned."
10 Signs that Obamacare Is Going to Wreck the U.S. Economy: "Americans are going to pay far more for health care, the quality of that care is going to go down, they are going to have to deal with far more medical red tape, and thousands upon thousands of U.S. employers are considering getting rid of the health plans that they offer to employees altogether due to Obamacare. ... To say that Obamacare is an 'economic catastrophe' would be a massive understatement."
High German Electricity Rates Coming to the USA? "Environmentalists have told us that we must reduce the escalating levels of CO2 or we risk a complete meltdown of our entire global ice cap and massive planetary destruction. Not only is the ice cap 60 percent larger this year but we have been in a cooling period for the past 16 years.
"Even the United Nation’s expert on global warming, the Intergovernmental Panel on Climate Change (IPCC), had to admit that their computer modeling predicting global warming Armageddon was wrong....
"Germany was one of the first European countries to jump on the wind and solar renewable energy bandwagon....Consequently...Germans were forced to pay the highest electricity rates in Europe. ...
"The renewable energy is generating so many tax surcharges, Germans can no longer keep up..."See Gullible Green sailors trapped in arctic
Obama [said] ...the Keystone Pipeline Might Only Create 50 Jobs: "[In contrast] ... The State Department also says the project could 'potentially support approximately 42,100 average annual jobs across the United States over a one-to-two-year period.' State said the employment would translate into about $2 billion in workers’ earnings, $3.3 billion in construction and materials costs and $67 million in state and local taxes. That sounds like real money..
Depositors Beware: Bail-In is now offcial E.U. policy: "When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme would be the template for future European bank bailouts, the statement caused so much furor that he had to retract it. But the 'bail in' of depositor funds is now being made official E.U. policy....
"Who should bear the loss in the event of systemic collapse? The choices currently on the table are limited to taxpayers and bank creditors, including the largest class of creditor, the depositors. Imposing the losses on the profligate banks themselves would be more equitable, but if they have gambled away the money, they simply won’t have the funds."See Who Controls The Money?
Outright fraud at the U.S. Treasury: "The U.S. Treasury is currently engaged in a fraud running into the trillions of dollars.... The Republicans who currently command the House of Representatives, rightly anticipating that Mr. Obama’s massive vote-buying among those whom his party’s policies have imprisoned in permanent, cringing dependence upon Auntie Sam for everything from food stamps (getting on for 50 million claimants) to Obailoutcare, decided to show who was boss by setting a limit on the amount the U.S. Treasury was allowed to borrow..... That limit was – and is – $16.7 trillion.... It’s a whole lot.... But Obust just went on spending. By close of what passes for business Magressional limit rose to $16,699,396,000,000.00. ... By close of what once passed for business July 12, he had borrowed another $51 billion." See Planned Economy or Planned Destruction?
How The Bank For International Settlements Is Going To Help Bring Down The Global Economy: "A new set of regulations that most people have never even heard of that was developed by an immensely powerful central banking organization that most people do not even know exists is going to have a dramatic effect on the global financial system over the next several years....
"The Bank for International Settlements has been called 'the central bank for central banks', and it is headquartered in Basel, Switzerland. 58 major central banks (including the Federal Reserve) belong to the Bank for International Settlements, and the decisions made in Basel often have more of an impact on the direction of the global economy than anything the president of the United States or the U.S. Congress are doing."
World Bank Insider Blows Whistle on Corruption, Federal Reserve: "A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes.... Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired....
"At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. ... The Fed...is at the very center of the network and the coverup....The shadowy but immensely powerful Bank for International Settlements serves as 'the club of these private central bankers.'” SeeThe Hidden Control of the Council on Foreign Relations (CFR)
We'll Kill the Dollar! "From Doug Hagmann of Canada Free Press comes a chilling account of what's in store for us if we continue to ignore the bare-faced warnings of the central power base.... In 2011, economist Kyle Bass interviewed a senior member of the Obama administration about its planned solutions for fixing the US economy and trade deficit.... Among the questions he asked was about U.S. exports and wages, but the question itself was not nearly as important as the response he received from this senior administration official. In fact, this single, seven word response clarifies everything, explains everything, and leaves little else to discuss: 'We're just going to kill the dollar.'"
Stockton Goes Bankrupt: “Precedent-Setting Implications”: "One of the most dangerous cities in America has just declared bankruptcy, leaving creditors out hundreds of millions of dollars. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. ...The city of nearly 300,000 people has become emblematic of government excess and the financial calamity that resulted when the nation’s housing bubble burst. ... The $900 million that Stockton owes to the California Public Employees’ Retirement System to cover pension promises is its biggest debt. ... By 2009 Stockton had accumulated nearly $1 billion in debt.... This is only the beginning."
"Yet in all these things we are more than conquerors through Him who loved us." Romans 8:39
Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget! "The politicians of the western world are coming after your bank accounts. In fact, Cyprus-style 'bail-ins' are actually proposed in the new Canadian government budget."
Killing the Dollar: G20 & IMF Push for Global Fed, Global Currency: "While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is to transform the IMF into a global Federal Reserve, with the ability to flood the world with huge new volumes of loans and currency. It would also wield vast financial regulatory powers." See Who Controls The Money?
The Architects of Our Economic Demise : “Is there a conspiracy of global takeover, of a New World Order, of global governance that has been in the works since the United States gained independence from Great Britain? The honest answer is undeniable: yes.” – Doug Hagmann. See The Hidden Control of the Council on Foreign Relations [with its European branches]
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Previous links on this topic at Economy 1 (2007-2008) and Economy 2 (2009-2010)