Crying Wolf? Impending Global Financial Collapse Will Change the World Order
Global Research, June 25, 2015
Url of this article:
http://www.globalresearch.ca/crying-wolf-impending-global-financial-collapse-will-change-the-world-order/5458032
http://www.globalresearch.ca/crying-wolf-impending-global-financial-collapse-will-change-the-world-order/5458032
Originally my thought was to write this piece about and around the perfect response, “but you do agree the government is bankrupt, right?“.
I say this because almost anyone (in the U.S.), no matter what age,
sex, religion, race or financial status will generally agree with this.
For those who don’t agree, it is better to leave well enough alone, this
is a subset living in their own delusional world.
For
those who do agree “the government is broke”, they are broken down into
basic subsets. There are those who “get it” fully. There are those who
know the government is broke but don’t really understand what it means
or the ramifications (they can’t connect the dots). Another group are
those who agree and know in the back of their mind this is true …but
they don’t REALLY believe it because they simply cannot …”it’s too awful
to comprehend”. Then, we have another group, probably the largest of
all, those who agree but think it really doesn’t matter. They may also
believe no financial crisis will ever occur because “the government will
never let it happen”. Let’s talk about this group next.
The
“can’t happen here” crowd only need the dots connected for them. I
believe it is best to ask them questions in an effort to lead them to
their own answer and understanding. This is much better than lecturing
or “telling” them because they will actually have to think to answer
your questions. Questions such as:
- if the government is broke, how will they make good on their obligations such as payrolls, Social Security, food stamps, paying the military and most importantly paying on their debt? Forget the first four, “do you realize Treasury securities are what funds Social Security, your pension, the bank’s balance sheet which holds your money …AND what underlies the dollar itself?”!
- If the above doesn’t work, you might ask if the economy currently “feels good”? Then ask, do you realize the federal government spends almost 20% of GDP (and their spending is “counted” as part of GDP). If they are broke and have to drastically cut back on spending, will the economy not shrink by the amount the government can no longer spend? Do you see without government spending, under any definition we would be in a depression greater than the 1930′s?
I
don’t want to go through the entire exercise but please understand,
“guiding” someone to their own conclusion which happens to be correct is
best done with questions, MANY OF THEM. If you can, take two, three or
even more philosophical roads to help them reach the same conclusion
each time …the understanding will be that much more cemented in their
mind when they finally do(hopefully) arrive!
Switching
gears just a bit, we have seen the “mentality” change somewhat over the
last year or so. Even the mainstream is showing some signs of a shift.
This “shift” has even become evident amongst and within the “old boys
club”. For example, who would have imagined Germany, Netherlands,
Belgium and Austria would ever ask for their gold back? Or Texas
building its own depository and using the words “not” and “confiscate”
in the legislation for proposed repatriation?
Several
very well known and at one time mainstream money managers have publicly
told of the dangerous situation. The latest is a bond manager who has
gone entirely to cash, how’s this for putting a crash helmet on?
http://www.bloomberg.com/news/articles/2015-06-22/tcw-braces-for-bond-market-collapse-by-piling-the-cash-up-high
Just
a few weeks ago, Bloomberg put out an article asking if China could
gold back the yuan. This was significant because no news source (other
than maybe Kitco) has been as bearish and slandering regarding gold than
Bloomberg.
http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price
Going
to the beginning and back to the top, who exactly was correct in
1999-2000? Who was correct from 2005-2008 about an impending crisis? The
answer of course is the very same people screaming bloody murder today
“the financial system will come apart from the seams”. Are those who
were correct before, now “crying wolf”? Or are they saying the same
things for the same reason and forecasting the same results as before?
“They” (we) were not crazy then and are not crazy now. In fact, it is
even much easier to see now than previous. As a side note if you recall,
we heard in late 2008 and 2009, “who could have seen it coming”? Or,
“no one could have seen it coming”. This is dead wrong! In fact, even
within the mainstream press there was a concerted effort to silence the
truth. For example, Greg Hunter while at CNN tried to warn of the
banking collapse. He was told “don’t go there” and was rewarded by
having his contract not renewed!
“Some”
saw the dotcom bubble coming, more saw and warned of the 2008 crisis
coming …and even more see this one coming. Not only are there more and
louder voices today, the numbers are growing slowly but surely and even
engulfing some mainstreamers who used to laugh at “us tinfoilers”!
I know how difficult it is and has been.
The financial landscape is perverted beyond recognition and any time you open your mouth, you are proven wrong.
Gold goes down the following day along with a new high in stocks so you look “stupid”. You are not.
“We”
cannot make price, we can only tell the truth as we see it and suggest
via common sense and logic the need to prepare for the worst. As I see
it, the outcome is not in any doubt and becomes clearer each day. My
fear is we are not in 2008 anymore, the coming collapse will change the
world order to one unrecognizable to today. The U.S. is in fact “broke”
as we spoke of at the beginning. The “realization” of this not only can
happen but WILL happen. Sadly, because of how badly the U.S. has treated
the world over these last years, we will be given no mercy when
negotiating our bankruptcy. It will be a real live wolf at our door!
Disclaimer:
The contents of this article are of sole responsibility of the
author(s). The Centre for Research on Globalization will not be
responsible for any inaccurate or incorrect statement in this article.
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