Wow! Do not know how this got by me until today, as this article was published on 29 September, a week ago.. I was in a debate with a couple people about, in their perception,....that the economy was back on track,.....and the flowers are blooming,.......the birds are singing, etc. They basically had their heads in the sand. The following is part of a much longer article that Giordano Bruno wrote for Neithercorp Press, which can be found in it's entirety at
http://neithercorp.us/npress/?p=812
Combined with recent skyrocketing Gold and Silver prices, Mr Bruno makes good sense. I know what is possible and I hope a collapse is averted, but there just too many indicators otherwise. Take heed my friends.
Economic Collapse Update: Acceleration in Autumn
Our current economy is a shell game. A grand fraud designed to siphon more and more tangible wealth (not fiat wealth) from the average person and transport it post-haste into the silk lined pockets of a corporate banking minority. The goal? To reduce the self sufficiency of American citizens to the point of total fiscal and social dependence on the top 1% richest men in the world. Conspiracy theory? Not in the slightest. Just a cold hard fact of history. “Feudalism” is, sadly, rampant in the annals of human culture. Anyone who believes that our modern era is somehow different is simply fooling themselves. Elitists seek power over others, they always have and they always will, and, the most efficient way to gain control over the lives of the masses is through engineered imbalances in economy.
Every time you hear the term “bailout”, or “quantitative easing”, just think “wealth transference”. Every dollar that is printed from thin air by the private Federal Reserve and handed to a globalist entity like Goldman Sachs or AIG through our Treasury represents yet another dollar of debt (and another percentage of interest) that you, the U.S. taxpayer, and your children, are expected to eventually pay for without ever seeing any benefits. Right now, at this very moment, you and your descendants for generations to come are being enslaved by forcefully imposed usury. Our country has been “volunteered” for a financial debasement on a scale that dwarfs the Great Depression or even the Weimar catastrophe. We ignore this reality at our peril.
Since the initial meltdown began in 2008, we have seen two and a half years of stall tactics and skewed statistics designed to prolong total collapse while central banks position themselves for optimal gain. Simultaneously, the concrete underlying factors of our economy, including employment and purchasing power, have gone down the tubes. True, the system was an illusion long before its many flaws were openly revealed, and it needs to be dissolved, but should it be dissolved to the advantage of the elites who designed its flaws in the first place, and to the detriment of the rest of us? I think not…
Today, as Autumn 2010 begins to settle upon us, many notable and even dire trends are beginning to break the surface of the water and circle the sinking wreckage of our financial system. I believe these factors signal an extreme acceleration in the possibility of “trigger events”, which we have discussed in previous articles, and herald a new dynamic, a process that will directly contribute to a final breakdown of the present system. Let’s examine these trends now…
Dow Bubble Until November Elections?
If you look back at the history of economic collapses across the world, you’ll find a strange and ironic constant preceding most breakdowns; the disproportionate values of stocks and securities when compared to actual profits and consumer activity. The Great Depression saw record breaking rallies in the Dow and relentless financial propaganda claiming recovery was imminent just before total derailment. In many cases, investor confidence seems to be most heightened just before a brutal plunge. Perhaps it’s the power of reactionary denial, or maybe it’s the increase in false data supplied by establishment economic goon squads.
September has seen a very uncharacteristic stock rally, especially considering the fact that U.S. poverty levels are now at a 15 year high.
UrbanMan Comments: Mr Bruno's article goes on with links and facts to articulate what he is saying. His article continues on until he starts talking about Gold, which jumped up considerably in the last few days.
Gold Is Money Again…Must Be Time For A Collapse...
Finally, we get to the biggest development this fall; the so far unstoppable juggernaut of gold and silver.
Gold is breaking records weekly, sometimes daily, now rushing past the $1300 an ounce mark without batting an eye. Not long ago I predicted gold would hit the $1350 to $1400 mark by this winter, but it seems I may have underestimated the precious metal. $1500 is not out of the question in the next three months, especially if trade laws are passed against China before elections.
Silver has passed the $21 an ounce mark but is still highly undervalued in my opinion. I suspect that we could see a rapid increase in physical silver, akin to a “short squeeze”, before the year is out.
What is driving the new gold rush? MSM economists are apparently at a loss for words (which is rare). Gold criticism and uneducated skepticism has fallen silent lately. It’s hard to argue with the $1300 an ounce gold. Pundits are still bewildered at gold’s success, especially since they rely on disingenuous CPI and inflation data from the Federal Reserve and the government to make their deductions. This has led them to assume that an excessive sense of “fear” has pervaded markets and created a bubble in gold. They can’t seem to grasp that the bubble is not in gold, but in fiat currencies and the stock market, and this is why gold is on the rise.
Central Banks, primarily in Asia, are snatching up gold weekly. We all know about China’s unparalleled gold buying, but there are many other countries turning to PM’s as well. Thailand has apparently been buying gold in large quantities under the radar, improving their reserves by as much as 20%:
