Monday, June 30, 2014

Economic Collapse! How Did We Get Here? (Part 6)

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The Coming Economic Collapse by 2014-2015
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Is America on the Edge of a Depression? Get Prepared Now
By: Devvy Kidd






June 29, 2014
NewsWithViews.com

http://www.newswithviews.com/Devvy/kidd644.htm
An economic disaster is underway that cannot be stopped so prepare"
I am for a government rigorously frugal and simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers and salaries merely to make partisans, and for increasing by every device the public debt on the principle of its being a public blessing." --Thomas Jefferson to Elbridge Gerry, 1799. ME 10:77
Today is my 65th birthday. (Yes, I should get an updated press photo since the one you see was taken four months before my 55th birthday. But, priorities vs importance.) I bring this up because when you reach 65, it's supposed to be the "golden years" in which you allegedly begin to enjoy the fruits of your lifetime of toil and labor. For me, nothing could be further from the truth because we are in the fight for not only our individual survival, but that of our beloved republic. The noose is tightening around our necks and any illusion about the economy being in any flavor of recovery is a cruel illusion. The numbers don't lie, but media and politicans do: Media work overtime to spin bad economic data
As a brief back story, almost 23 years ago I was at the annual publisher's convention bash in LA where all the big names of the day were there signing autographs. My first book was on display with my publisher. Since there was no long line to get my autograph and probably looking bored, my publisher handed me a book and said "This is right up your alley". I looked at the cover and opened the book - right to the segment on the "Federal" Reserve. As I read I thought to myself, this can't be true. Why would the "Federal" Reserve be called federal if it wasn't? I knew nothing of the author, Colonel James "Bo" Gritz, former U.S. Army Special Forces, but one thing I knew after reading what I could at the convention, when I got home to Colorado, I was going to order a copy of his book, Called to Serve. What I read in that book scared the hell out of me. It literally changed the direction of my life. Yes, one of those moments in time when the truth smacks you upside your head.
I had never heard or read anything about what was in that book. At the time I was a federal whistle blower who lost my job for filing a fraud, waste and abuse charge against my own job. While an internal audit concluded I was right, after a nine month stint in another position I was moved into, the pink slip was already a done deal. I began researching what Gritz said in his book and was horrified that such evil doings were going on while we were simply doing what most Americans do: go to work everyday, for us fishing on the weekends, raise our family. But, I told my husband after months of research I couldn't just go on with job hunting, I had to do what I could to educate people about the danger facing us. A paycheck wouldn't mean much without freedom and liberty.
By then it was the every four year horse and pony show called a presidential election. While I was certainly no expert on fiat currency and fractional banking, I was learning and wanted to share that knowledge. I wrote a little booklet titled, Why A Bankrupt America, published it in February 1993 and sold one million six hundred fifty three thousand copies at cost. I retired both my booklets (Blind Loyalty published in 1996 which focused on provable vote fraud and how our elections were being stolen. I sold 700,000 copies at cost). in mid 2004.
The rest is history as they say, but along the way I have been very blessed to form dear friendships with a handful of individuals who have taught me so much about the law (Larry Becraft) and how fiat currency ravages a country (Dr. Edwin Vieira), just to name two. From them and reading so many books, in essence what I was doing is educating myself on what I had never been taught in the public school system: "Paper is poverty, .... it is only the ghost of money, and not money itself." -- Thomas Jefferson, 1788
Over the past two decades my research hasn't just focused on the "Fed" and the income tax, but the diabolical plan to destroy this constitutional republic. Those who own Washington, DC, the professional prostitutes who occupy the White House and Congress after Congress. Sadly, the majority of Americans continue to have little interest in how we got here, who funded this treason or even how it affects their daily lives. As I have urged so many times, if you read books by the late Professor Antony Sutton, you will know the truth [1] about who really runs the game.
"Sutton showed how the Soviet state's technological and manufacturing base, which was then engaged in supplying the North Vietnamese the armaments and supplies to kill and wound American soldiers, was built by US firms and mostly paid for by the US taxpayers. From their largest steel and iron plant, to automobile manufacturing equipment, to precision ball-bearings and computers, basically the majority of the Soviet's large industrial enterprises had been built with the United States help or technical assistance...."His work led him to more questions than answers. "Why had the US built-up it's enemy? Why did the US build-up the Soviet Union, while we also transferred technology to Hitler's Germany? Why does Washington want to conceal these facts?
"Sutton, following his leads, proceeded to research and write his three outstanding books on Wall Street, FDR, the Rise of Hitler, and The Bolshevik Revolution. Then, someone sent Antony a membership list of Skull and Bones and "a picture jumped out". And what a picture! A multigenerational foreign-based secret society with fingers in all kinds of pies and roots going back to 'Illuminati' influences in 1830's Germany."
I wrote the above for a reason. Over the past 23 years I have learned who knows what they're talking about, who are the disinformation agents out to deliberately mislead you, those who peddle discredited garbage and those in the 'take back America' movement, if you will, who are in it strictly for the money. Always wanting your donations, but never touching on the truth told in Sutton's books.
The plans of the global elites carried out by occupants in the White House and Congresses for more than 100 years have brought us to where we are now. Are we on the brink of a depression? How can one deny what's right in front of them? Americans were shell shocked by August 2008; I was not. I knew it was coming. I knew from my research, from sacrificing my time (instead of going fishing, a great passion in my life) to read treaties, legislation and hundreds of books. Individuals with credibility were warning Americans for several years prior to 2008 that the bank melt down was coming. Dr. Vieira began writing about it for NWVs back in 2005.
A dear friend of mine since 1998 in the precious medals industry told me in summer 2005 the bank melt down was coming and that the housing market was going to crash and burn. Harvey ask if John and I planned to live in Sacramento after John retired. I said no way. After listening to Harvey's wisdom, I knew we had to sell our house and get out of that mortgage. At the time, houses in that number one planned community development were selling over the weekend. Then John was diagnosed with cancer; my plans were put on hold until February 2006 when I came here to W. Texas and purchased our house. We were fortunate enough to close escrow on the house in Sacramento in September 2006. John retired and got here.
Homes were not selling in Natomas Park (Sacto) when we put ours on the market; it literally hit overnight. We were very lucky to sell ours for a small profit. In November 2007, I drove to Natomas Park on the way to my mother's for Thanksgiving. The first thing I saw at the entrance was a huge banner: Foreclosure Auctions Tues & Thurs Nights. I was shocked. The couple who purchased our home will never be able to sell it for what they paid us; it's valued at $225,000 less than when we closed escrow. A full half of those hundreds and hundreds of homes were underwater mortgages by then. We got out in time because I listened to Harvey Gordin.
Sadly, Americans weren't paying attention and got slammed with the bank meltdown and found their mortages underwater with no way to get out except either foreclosure or walk away. Along with the banks, Americans also saw their 401(k)s melt down. Some have never recovered and neither has the economy because the ignorant, as well as those who do understand the problem with fractional banking and fiat currency, did not address the cancer; the exception was former Congressman Ron Paul. All they did was cover it up with hundreds of billions of illegal (unconstitutional) bail outs. That didn't cure the cancer, it's only allowed it to metastasize.
Retail Meltdown Continues as RadioShack Closes 1,100 Stores
Office Depot to close at least 400 stores
Another US Company To Close ALL Stores
Luxury Brand Coach To Close 70 U.S. Stores
Redbox to Dismantle 500 DVD/Blu-ray Kiosks
5 Big Retailers That'll Be Gone in 5 Years
Famous pizza chain files for bankruptcy - closing 40% of locations
That's a short list. All those employees will be out of a job. Retailers' Profits Miss By Most In 13 Years: 'Consumer Is Not Back' Why? Because they have no money:
19 Signs That The U.S. Consumer Is Tapped Out
32% Of Americans Not Saving Any Money - how can they when taxes and inflation are eating up paychecks or a person is unemployed scratching for nickels daily. Their "golden years" will be anything but golden. Dumped into unsustainable Ponzi schemes like Medicare and Social Security.
1 in 4 Americans have no emergency savings
Affected Americans have less money to spend into the economy because of the unconstitutional disaster called Obamacare and Medicare:
Medicare Advantage premiums by $420 to $900 per YEAR
Obamacare 'bailout' for 1 insurer – $450 million in 2014 - Completely ILLEGAL under the U.S. Constitution. More debt plus interest slapped on our backs with more to come. Yet, so far in the primaries 96% of both party incumbents have won and will go on to reelection after what they've done to we the people. Somehow, voters seem to think the same incompetent thieves who haven't cured the cancer in the decades they've been in Congress are going to get the job done by rewarding them with reelection again in 2014. Are they in for a shock.
Obamacare falls more than 20 million short of 'newly insured' goal
79% of Obamacare Enrollees Qualify for Subsidies - out of YOUR wallet.
Subsidies ALREADY bust Obamacare spending projections
Obamacare's Subsidy Cliff: Earn $1 More in Wages, and You Could Pay $20,000 More for Insurance
Sasse/Lee Report: Premiums Increase $2,900 per Family per Year
Obamacare showing signs of 'financial death spiral'
Republicans say ObamaCare rule tweak could result in billion-dollar bailout of insurers
Think if the GOP takes the senate anything will change?
GOP Retreats From Repealing Obamacare
Why Republicans Won't Repeal the Affordable Care Act
Let's not forget the massive, unpayable debt, nearly $2 TRILLION borrowed dollars for the disastrous, unconstitutional invasions of Iraq and Afghanistan. More quagmires sinking us. Please take a few minutes to watch this very short video: American Leaders JOKE About Dead Veterans and Children
The Republicans held both houses of Congress for more than a decade, eight years with a Republican president. They ran us into massive, mostly unconstitutional unpayable debt. No where in the U.S. Constitution does Congress have the authority to act as a bank, make loans or bail out bankrupt cities. NONE. Those "conservative" Republicans again took the House, the keeper of the people's purse in 2010. Has the unconstitutional rape stopped? No, it's only increased into an obscene, grotesque financial ticking time bomb- below is just a tiny example of what Boehner and company, along with the Democratic/Communist Party USA in the Outlaw Congress have done to you, me, our children and grand children. The same incumbents winning their primaries to go back to Washington and continue the plunder:
Feds Spend $356,337 on ‘Simulation Facility’ to Study How People Cross the Road
GM Says No Way It Will Pay Back $10 Billion
$8.5 trillion in taxpayer money not accounted for
Feds Spend $1.59 Million Observing Obese Children Walking to School
$100K Study to Count How Many Birds Fly Into Rebuilt Minnesota Bridge
Feds give $20 million loan to company owned by Biden 'friend' and donor
$6 Billion Goes Missing from State Department
Taxpayer Watchdog Group's Most Egregious Examples of Gov’t Waste
Unions want $100M in federal money to aid Detroit pension deal
Postal Service $100B in Debts, Unfunded Benefit
Boehner and Cantor laugh as they sell America down the debt river
A gigantic cauldron of witches brew that has taken us past the point of no return. I can tell you John and I have been practicing austerity for just about the entire time I've been an activist. No vacations (our last vacation was 1991), no new clothes unless it's for a special ocassion like my daughter's wedding, no luxury spending. Of course this hurts the economy, but it's about survival. I've known the day would come when America's financial house would implode along with the dollar. The "Fed" can't keep propping up the magical money machine. The global elites have been looting America longer than I've been alive; our carcass is just about picked bone dry. Get prepared emotionally and financially as best you can and don't forget to help elderly parents and other family members if they don't know what's nearly upon us.
While the liars in Washington, DC tell us the economy is a wee bit slow, look at the inflation at the grocery store: $2.78 for one bunch of organic spinach. Free range ground sirloin beef almost $7.00 a pound; free range chicken $4.25 a pound; $3.25 for a dozen cage free, chemical free eggs. As the value of the dollar in your wallet continues to shrink, the purchasing power goes down. Food Price Inflation Scares the Fed - it is the central bank that causes inflation, booms and busts, recessions and depressions while the thieves in the Outlaw Congress continue to ignore the head of the beast.
The states are drowning in pension obligations they cannot pay; nearly $5 TRILLION dollars. Cities that can't keep up with pension obligations and tax shortfalls because unemployed folks don't pay most taxes except for sales tax on purchases. Expert: Expect More Cities to Face Bankruptcy. The cost of dealing with liars, cheat and thieves (illegal aliens) costing cities, counties and states hundreds of billions of dollars every year: llegals Bankrupting Small Towns in Border States. The criminal impostor in the White House wants $2 billion dollars to deal with the latest surge. When your checkbook is overdrawn $17.5 TRILLION dollars, where do you get another $2 billion? Why, borrow it to the tune of $3.4 BILLION dollars a DAY. But, what happens when the countries you're borrowing from run dry? Who do we go begging to next and at what cost?
38% Japan's Labor Force Flirting With Poverty
Japan Debt Update: ¥1,020,000,000,000,000.00
Japan will collapse very soon.. the U.S Market and Europe will follow - Published Nov. 2013
China Is On A Debt Binge And A Buying Spree Unlike Anything The World Has Ever Seen Before: "Unfortunately for China (and for the rest of us), there are lots of signs that the gigantic debt bubble in China is about to burst, and when that does happen the entire world is going to feel the pain."
Who Is The New Secret Buyer Of U.S. Debt?
It's done. What is rolling across this country cannot be stopped. The crooks as well as the gutless and ignorant in the Outlaw Congress have refused to take the necessary steps to boot the "Fed" putting us all in danger. They have destroyed our most important job sectors: industrial, manufacturing and agriculture via destructive, unconstitutional "free" trade treaties turning America into a dying service economy. It must be reversed, but Americans are going to go through hell before that can be accomplished.
The arrogant and ignorant in the 50 state capitols have refused to implement a constitutional sound money law. So many of us warned until the (expletive) hit in August 2008, but the masses didn't listen and they still aren't listening. The very worst is closing in on us and when it finally hits as it did in 2008, what's going to happen? Social breakdown? Yes. Food riots. I believe we'll see that in certain parts of the country because (1) people are broke and empty bellies make for angry mobs, and (2) there are serious problems with our food and water supplies.
Americans by the tens of millions are going to be caught off guard when the too big to fail banks which ARE insolvent can't or won't let you clean out your account. Does anyone really think this is sustainable? 86 Million Workers Sustain 148 Million Benefit Takers and $205 TRILLION: The REAL Fiscal Gap — Laurence Kotlikoff
The Final Swindle Of Private American Wealth Has Begun: "The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF). The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty."
I know many believe the only thing you need are guns and butter, but that's not true. You do need both and real money. The destruction of the U.S. dollar will be the destruction of your money and all the guns in the world won't change that. The only real money is gold. I started recommending people diversify some of their assets into gold and a small amount of silver back in 1998. It isn't practical to cash in your $350,000 401(k) in nothing but silver. The bottom line is paper, as Thomas Jefferson said is poverty and not money itself.
Right now is the best time to buy gold because the cost is going to skyrocket and become difficult to obtain. We know the gold market is heavily manipulated, but things are going to get completely out of control and you don't want to be holding your future and everything you've ever worked for in the form of paper "money". Part II is a list of articles for you to read. I spent many hours putting together this column and the Appendix for you. The most credible and informational so you can understand just how dire the situation is; future planning simply can't be put off - not at this point in time.
While I am not in the precious medals business, my dear friend since 1998 is and if you are worried about what assets you have left, give Harvey Gordin a call. He has been doing this nearly 50 years and knows what he's talking about. Harvey won't just sell you "coins" for a quick buck. He's a very caring person who will spend time with you to make sure you purchase what is right for your situation. Too many gold dealers are high volume turn over to make a quick buck. I am so grateful to Harvey for all the solid advice he has given me over the years. While we all wish things would get better it's not going to happen - not for a very long time. Harvey can be reached at: USA Gold, LLC, 602.228.8203
Please take the time to look at the items in the Appendix because the information is very important to you and your family if you have one. I realize this column and the Appexdix are a lot of reading, but book mark and read the links a couple a day so you get the big picture. Part II.
Footnote - [1] Books by Antony Sutton
1- America's Secret Establishment: An Introduction to the Order of Skull & Bones - Free on line (hit full screen)
2-
Wall Street and the Bolshevik Revolution: The Remarkable True Story of the American Capitalists Who Financed the Russian Communists
3- His other books that expose the truth most Americans have never known.
Links:1- World Government - The players
2- Is This Why No One Found WMDs in Iraq?
3- Poverty Up 30.5% for Americans 18 to 64 Since LBJ Declared War on Poverty
Click here to visit NewsWithViews.com home page.
© 2014 - NewsWithViews.com and Devvy - All Rights Reserved
Devvy Kidd authored the booklets, Why A Bankrupt America and Blind Loyalty; 2 million copies sold. Devvy appears on radio shows all over the country. She left the Republican Party in 1996 and has been an independent voter ever since. Devvy isn't left, right or in the middle; she is a constitutionalist who believes in the supreme law of the land, not some political party. Devvy is a member of the Society of Professional Journalists.Devvy's regularly posted new columns are on her site at: www.devvy.com. You can also sign up for her free email alerts.
E-mail is: devvyk@npn.net
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What Economic Recovery?

President’s continued attack on the economy—which includes a massive increase in illegal immigration—the nation’s economy will remain tenuous

June 29, 2014
You have to know that the Obama administration has run out of excuses for destroying the U.S. economy when it starts to blame it on the weather.
According to the Commerce Department, the economy based on its Gross domestic product—the value of its goods and services—fell at a seasonally adjusted annual rate of 2.9% in the first quarter of this year. That was the largest recorded drop since the end of World War II in 1945!
The June 20 edition of The Wall Street Journal’s article, "Economy Shrank Rapidly in First Quarter" led off by reporting that "Weather disruptions at home and weak demand abroad caused a contraction in the U.S. economy in the first quarter, renewing doubts about the strength of the nation’s five-year-old recovery."
What recovery? When the economy stays in the basement for five years you are looking at an on-going stagnation based on too much government interference with growth, the decline of the nation’s middle class, the lack of new start-up businesses, and the reluctance or inability of consumers to spend money, if they have any to spend.
In May, writing on his blog, Economic Collapse, Michael Synder pointed to "27 Huge Red Flags for the U.S. Economy" noting, for example, that according to government numbers, "everyone is unemployed in 20 percent of all American families." The other indicators include:
Sales for construction equipment were down 13% in April and have been down for 17 months in a row.
During the first quarter of 2014, profits at the office supplies giant, Staples, fell by 43.5%
Foot traffic at Wal-Mart stores fell by 1.4% during the first quarter of 2014.
It is being projected that Sears will soon close hundreds more stores and may go out of business altogether.
Existing home sales have fallen for seven of the last eight months and seem to be repeating a pattern witnessed back in 2007 prior to the last financial crash.
The home ownership rate in the U.S. has dropped to the lowest level in 19 years.

You do not have to be an economist to understand that President Obama’s economic policies are flat-out failures that include a "stimulus" that wasted billions of taxpayer dollars without stimulating the economy, nor that having a $17 trillion debt means anything other than a nation teetering on a massive economic collapse.
In May, CNS News reported that "A record 92,594,000 Americans were not in the labor force in April as the labor force participation rate matched a 36-year low of 62.8 percent, according to data released today by the Bureau of Labor Statistics."
This is not my definition of a "recession" although we are told that it ended in 2009. This is a "depression" for millions of Americans. The labor force participation rate has gone from 63.5% to 63.3%, the lowest since 1979, but the Obama administration keeps telling us that it is "improving."
Consumer spending is down. Exports are down. Employment is barely increasing. The only thing that is up is inflation.
Edward C. Prescott, a 2004 Nobel Laureate in Economics, and Lee E. Ohanian, a professor of economics UCLA, writing in the June 26 edition of The Wall Street Journal, noted that the declining GDP rate was "the worst productivity statistic since 1990. And productivity since 2005 has declined by more than 8% relative to its long-run trend. This means that business output is nearly $1 trillion less today than what it would be had productivity continued to grow at its average rate of about 2.5% per year."
"Lagging productivity growth is an enormous problem because virtually all of the increase in Americans’ standard of living is made possible by rising worker productivity."
The Obama administration would have you believe that the economic decline in the first quarter was due to a harsh winter. They will be blaming it on a hot summer come autumn.
This is an administration whose main theme these days is the threat of "climate change", but it has nothing to do with the climate and everything to do with vast government spending and borrowing, an explosion of regulations that have slowed or stopped the creation of new businesses; a "war on coal" that is forcing a decline in the production of electricity, and a widespread perception that the President is the worst to have held office since the nation began.
There is no recovery. There is a return to the factors that led to the 2008 financial crisis. Government entities Fannie Mae and Freddie Mac that bought up all the sub-prime mortgage loans and packaged them as assets are still in business. Credit card companies are reaching out to sub-prime users, signing them up. Nobody seems to learn anything from the past, even if it is the recent past.
If the control of the U.S. Senate cannot be wrested away from a Democratic Party, led by Harry Reid, and a GOP increase in the U.S. House that was led by Nancy Pelosi until the 2010 elections cannot be achieved in the forthcoming November elections, the President’s continued attack on the economy—which includes a massive increase in illegal immigration—the nation’s economy will remain tenuous.
© Alan Caruba, 2014
Alan has a daily blog called Warning Signs.
Alan can be reached at acaruba@aol.com

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Also See:
Wall Street Ain't Main Street!
13 April 2014
and
Food Shortage, Then Anarchy! 
 25 July 2012
http://arcticcompass.blogspot.ca/2012/07/food-shortage-then-anarchy.html
and
Disasters Happen! Be Prepared!
(Part 1)
31 March 2011
http://arcticcompass.blogspot.ca/2011/03/disasters-happen-be-prepared.html
and
(Part 2)
30 August 2012
http://arcticcompass.blogspot.ca/2012/08/disasters-happen-be-prepared-part-2.html
and
The Collapse of the Entire World’s Economic System has Begun!
18 March 2013
http://arcticcompass.blogspot.ca/2013/03/the-collapse-of-entire-worlds-economic.html
and
Economic Collapse! How Did We Get Here?
(Part 2)
28 September 2013
(Part 4)
21 March 2014
and
(Part 5)
08 May 2014
and
Are We Facing a Global Financial Crisis?
31 May 2011
http://arcticcompass.blogspot.ca/2011/05/are-we-facing-global-financial-crisis.html
and
Financial Crunch! Economic Collapse!
(Part 1)

31 July 2008
http://arcticcompass.blogspot.ca/2008/07/financial-crunch-economic-collapse.html
and
(Part 2)
20 November 2008
http://arcticcompass.blogspot.ca/2008/11/financial-crunch-economic-collapse-part.html
and
(Part 3)
25 January 2009
http://arcticcompass.blogspot.ca/2009/01/financial-crunch-economic-collapse-part.html
and
(Part 4)
17 April 2009
http://arcticcompass.blogspot.ca/2009/04/financial-crunch-economic-collapse-part.html
and
(Part 5)
23 June 2009
http://arcticcompass.blogspot.ca/2009/06/financial-crunch-economic-collapse-part.html
and
(Part 6)
23 August 2009
http://arcticcompass.blogspot.ca/2009/08/financial-crunch-economic-collapse-part.html
and
(Part 7)
30 November 2009
http://arcticcompass.blogspot.ca/2009/11/xxxx.html
and
(Part 8)
23 February 2010
http://arcticcompass.blogspot.ca/2010/02/debt-dynamite-dominoes-coming-financial.html
and
(Part 9)
28 August 2010
http://arcticcompass.blogspot.ca/2010/08/financial-crunch-economic-collapse-part.html
and
(Part 10)
13 January 2011
http://arcticcompass.blogspot.ca/2011/01/financial-crunch-economic-collapse-part.html
and
(Part 11)
29 April 2011
http://arcticcompass.blogspot.ca/2011/04/financial-crunch-economic-collapse-part.html
and
(Part 12)
28 July 2011
http://arcticcompass.blogspot.ca/2011/07/financial-crunch-economic-collapse-part.html
and
(Part 13)
04 April 2012
(Part 15)
02 November 2012
and
Recession? ... Depression? ... What is Going On?
(Part 1)
06 October 2008
(Part 2)
02 February 2009
and
(Part 3)
19 April 2009
and
(Part 4)
02 August 2009
and
(Part 5)
17 September 2010
and
(Part 6)
17 September 2010
and
Jobs, Jobs, Where are the Jobs?
(Part 1)
20 April 2010
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