30 Things You Should Do To Prepare For The Imminent Economic Collapse

See more at The Economist – economy politics news

Plan for the worst hope for the best. Think of it as insurance against a possible future event.

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Published in: on May 10, 2017 at 09:21  Leave a Comment  
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Why the whole banking system is a scam

Published in: on February 29, 2016 at 19:49  Leave a Comment  
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The bankers story

bankers-story

Published in: on February 22, 2016 at 14:46  Leave a Comment  
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The Government is Weaning Us Off of Cash


Corbett Report YouTube channel
financialsurvivalnetwork.com

Published in: on February 4, 2016 at 22:22  Leave a Comment  
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Switzerland To Hand Out $2500 Monthly To All Citizens

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With Citi’s chief economist proclaiming “only helicopter money can save the world now,” and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a “basic monthly income” for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.

The plan, as The Daily Mail reports, proposed by a group of intellectuals, could make the country the first in the world to pay all of its citizens a monthly basic income regardless if they work or not. But the initiative has not gained much traction among politicians from left and right despite the fact that a referendum on it was approved by the federal government for the ballot box on June 5.

Read more at www.zerohedge.com

I think the worlds monetary system is now in a desperate state and this is a last resort after QE and zero interest rates are not working. (Forsooth)

Published in: on February 1, 2016 at 08:47  Leave a Comment  
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Iceland forgives entire population its debt. Total US media blackout.

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The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused”

This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.

The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.

If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.

Read more at www.disclose.tv

Published in: on January 30, 2016 at 09:18  Leave a Comment  
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Why interest rates will never rise

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Interest rates have been at an all-time low now for seven years in the UK at 0.5%. It has been a bad time for savers but good for those trying to pay off their mortgage.

I think that the rate will stay at its present level for the foreseeable future or perhaps indefinably. There is even the possibility that it will go into negative territory, which will mean that you will be charged to keep your money in the bank.

During the last seven years savers have been losing money on their savings and it is hitting the retired worse as they were trying to live off any interest during retirement.

The poor are getting poorer and the middle class is being pushed down towards the bottom. In the end if nothing changes there will be only two class systems in this country – the poor and the unbelievably rich. I think this has been engineered to supress the people and put more power into fewer hands and it is not just the UK but is a pattern in the rest of the World as well.

There is so much bad news in the World right now concerning money and banks, perhaps we need to withdraw our money from these criminal organizations and stick it under the mattress. Not sure if I can do this, there is also the possibility that even the paper money could become worthless. Maybe we need to invest in real things that will protect us in the future, like food, fuel, homes, etc. We most certainly need to invest in community, this is where we can protect each other, and we are helpless trying to weather the coming storm by ourselves. (Forsooth)

 

Published in: on January 23, 2016 at 08:32  Leave a Comment  
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The Bail-in: Financial Collapse To Steal Your Money – The David Icke Videocast


David Icke YouTube channel
www.davidicke.com

Published in: on January 23, 2016 at 08:00  Leave a Comment  
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The Federal Reserve Explained in 3 Minutes

Published in: on January 23, 2016 at 07:54  Leave a Comment  
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What You Need to Know About the Matrix


AMTV YouTube channel
See more here at www.amtvmedia.com

Published in: on January 18, 2016 at 12:39  Leave a Comment  
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Oxfam says wealth of richest 1% equal to other 99%

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The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.

Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population.

It criticised the work of lobbyists and the amount of money kept in tax havens.

Oxfam predicted that the 1% would overtake the rest of the world this time last year.

It takes cash and assets worth $68,800 (£48,300) to get into the top 10%, and $760,000 (£533,000) to be in the 1%. That means that if you own an average house in London without a mortgage, you are probably in the 1%.

Oxfam said that the 62 richest people having as much wealth as the poorest 50% of the population is a remarkable concentration of wealth, given that it would have taken 388 individuals to have the same wealth as the bottom 50% in 2010.
Read more at www.bbc.co.uk
This is a shock to me as it puts me in the 10% and I do not earn that much. 62 people having as much wealth as the poorest 50% is beyond comprehension. (Forsooth)

Published in: on January 18, 2016 at 12:31  Leave a Comment  
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Britain’s Banking Industry To Implement Depositor Bail-in Scheme? The Confiscation of Bank Deposits

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On the first day of 2016 all banks located within the EU follow the ‘Anglosphere’ nations of Britain, America, Australia, New Zealand and Canada into an agreement, where the next bank failure and bail-in could cost depositors all their money.

Think it won’t happen. Six years after the last financial calamity caused by reckless bankers aided by negligent politicians in late 2014, one in five European banks failed basic stress tests that would see bankruptcy on the first hint of trouble. What did they need to get past that stress test? Twenty four thousand million euros.

One should not forget that the Bank of Cyprus passed its stress test with flying colours just before it crashed and burned. That bail-out and bail-in came in at €23 billion to the taxpayer but it also took 47.5% of depositors money over €100k as well.

Think it won’t happen to British Banks? This from the Financial Times:

“The Bank of England’s stress tests of the banking sector have been attacked as “fatally flawed” for setting hurdles that are too easy to clear and giving false comfort about the safety of the financial system.”

A report published by the Adam Smith Institute, a free market think-tank, calls for the BoE annual stress tests to be scrapped, arguing they are “worse than useless” because they disguise weakness in the UK banking system.

The BoE has said that banks will be required to meet a minimum 3 per cent leverage ratio to pass 2015 tests. If it had done so in 2014’s tests, half the banks would have failed: Lloyds Banking Group, Royal Bank of Scotland, the Co-op Bank and Santander UK.

An article in right-wing The Telegraph, opined – “Punishing the banking industry punishes the UK as a whole” where it postulates that in 2014 the banking industry contributed over £30bn to the treasury. What this article fails to say is that half of that tax paid was employee taxation, and only £1.6bn paid as corporation tax …. for the entire industry. Don’t forget that banks are still paying billions in fines, used to offset even more tax contributions.
Read more at globalresearch.ca

Published in: on January 11, 2016 at 12:46  Leave a Comment  
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First They Came for the Pennies

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The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):

Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.

A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.
Read more at wolfstreet.com

We are moving fast into a cashless society, and once we are there every transaction will be monitored and your lifestyle will be under scrutiny as well as the taxman asking for a cut of every sale you make. Also as the interest rate goes into negative and the banks start charging you to hold your cash your only choice will be to either put up with the charges or buy goods.(Forsooth)

Published in: on November 23, 2015 at 08:12  Leave a Comment  
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All Icelanders receive money after government takes over ownership of bank

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Every Icelander will receive about US$232,802 for the sale of one of the country’s three largest banks, Islandsbanki.

Creditors of the failed bank proposed the nationalisation of Islandsbanki, in which they hold a majority stake. The move will help Iceland lift capital controls imposed after the 2008 financial meltdown and will give Icelanders a fair share of the failed bank’s sale.

Finance Minister Bjarni Benediktsson announced in late October that the government will take “some decided portion, five per cent, and simply hand it over to the people of this country.” Icelanders took control of their government, so they now own the banks.
Read more at www.australiannationalreview.com

The BBC here in the UK never ran this story. I guess they do not want us to know.

Published in: on November 11, 2015 at 14:54  Leave a Comment  
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Lapavitsas Calls for Exit as the Only Strategy for Greek People


Transcript of Lapavitsas’ speech at Global Research

The Firesale Begins: Tsipras Agrees To Sell Greek Assets
It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets. The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers.
Read more at The Daily Sheeple

Published in: on July 23, 2015 at 06:28  Leave a Comment  
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Why Greece Will Have to Exit the Eurozone

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Original article from Global Research

I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against far larger and stronger economies like Germany’s.

To use a football analogy, the current scenario is as plausible as expecting Greece to score a draw against Germany in the European Cup when it is allowed to field only two players and no goalie. There is no strategy its team can adopt that will be successful: it will be heavily defeated whatever it does.

This is also the situation for other weak European economies, including those of Spain, Portugal and Ireland. They must all hunker down in endless austerity to remain in the euro. But “austerity” is really just code for a rigged currency system designed to benefit the German economy.

On this reading, Greece’s only long-term option is to exit the Eurozone and bring back the drachma. That is going to be hugely traumatic for the Greeks. But the danger must be that, if they do exit, their suffering will be severely exacerbated by the actions of other European countries, especially Germany. It will want to make sure that Greece is seen to be worse off for leaving the Eurozone. Why? Because if Greece shows that there is a way out of austerity, others will follow, leading to the euro’s demise.

That is coming anyway, it seems to me. It’s just a matter of how long – and how much suffering – it takes for Europeans to understand that the Eurozone is finished.

Published in: on July 9, 2015 at 06:20  Leave a Comment  
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The Greek Crisis – What You’re Not Being Told


Greece needs to leave the Euro and the European Union which will be the only way of getting their country back. But Brussels will not let them due to the fact that other countries like Italy will want to follow.

Published in: on July 8, 2015 at 20:05  Leave a Comment  
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How much longer?

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Just a thought. This cannot go on something has to break eventually. When the US goes it will make Greece look like a walk in the park.
Try this ZeroHedge

Published in: on July 1, 2015 at 22:47  Leave a Comment  
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Why Iceland’s Decision To Jail Its Bankers Is Triggering A Revolution

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Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment.

The proof that Iceland’s decision six years ago is now baring fruits could trigger a world wide revolution – something that the elites are desperately trying to keep a lid on.

The chief executive, chairman, Luxembourg ceo and second largest shareholder of Kaupthing, an Icelandic bank that collapsed, were sentenced in February to between four and five years in prison for market manipulation.

“Why should we have a part of our society that is not being policed or without responsibility?” said special prosecutor Olafur Hauksson at the time. “It is dangerous that someone is too big to investigate – it gives a sense there is a safe haven.”
Read more at Neonnettle

Published in: on June 25, 2015 at 06:29  Leave a Comment  
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Secret Meeting in London to “End Cash”

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Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve.

Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 Russian financial collapse, expressed his shock that no news outlet has reported on this upcoming conference.

“I find it extremely perplexing that I have been the only one to report of the secret meeting in London. Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, will address the central banks to advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval,” writes Armstrong.

“When I googled the issue to see who else has picked it up, to my surprise, Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as far as the Central Bank of Nigeria, but I have yet to find any reports on the meeting taking place in London, when my sources are direct.”

Armstrong first brought attention to the alleged meeting earlier this month when he revealed that representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks would all be attending a “major conference in London” at which Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, would give presentations.

“We better keep one eye open at night for this birth of a cashless society that is coming in much faster than expected. Why the secret meeting? Something does not smell right here,” concludes Armstrong.

Read more at Prison Planet

In the near future every transaction you do will be monitored and maybe you will be told when to spend and when not to spend to keep the economy in order. For instance Louisiana Bans Cash Transactions on Used Goods

Published in: on May 29, 2015 at 06:28  Leave a Comment  
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