Category Archives: Collapse

Underestimating Them and Overestimating Us, by Jim Quinn

People, including SLL, have been saying a cataclysmic crisis is coming for years. It hasn’t happened yet, but that doesn’t make them wrong, just early. From Jim Quinn at theburningplatform.com:

“Do not underestimate the ‘power of underestimation’. They can’t stop you, if they don’t see you coming.” ― Izey Victoria Odiase

Image result for bernanke, yellen, powell

During the summer of 2008 I was writing articles a few times per week predicting an economic catastrophe and a banking crisis. When the biggest financial crisis since the Great Depression swept across the world, resulting in double digit unemployment, a 50% stock market crash in a matter of months, millions of home foreclosures, and the virtual insolvency of the criminal Wall Street banks, my predictions were vindicated. I was pretty smug and sure the start of this Fourth Turning would follow the path of the last Crisis, with a Greater Depression, economic disaster and war.

In the summer of 2008, the national debt stood at $9.4 trillion, which amounted to 65% of GDP. Total credit market debt peaked at $54 trillion. Consumer debt peaked at $2.7 trillion. Mortgage debt crested at $14.8 trillion. The Federal Reserve balance sheet had been static at or below $900 billion for years.

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Mauldin: Social Security Is Screwing Millennials, by John Mauldin

The older generations like to rag on millennials, but spend little time thinking about the ways it’s indubitably screwing them, even though the screwees may be their own children or grandchildren. From John Mauldin at realinvestmentadvice.com:

Social Security is a textbook illustration of how government programs go off the rails.

It had a noble goal: to help elderly and disabled Americans, who can’t work, maintain a minimal, dignified living standard.

Back then, most people either died before reaching that point or didn’t live long after it. Social Security was never intended to do what we now expect, i.e., be the primary income source for most Americans during a decade or more of retirement.

Life expectancy when Social Security began was around 56. The designers made 65 the full retirement age because it was well past normal life expectancy.

No one foresaw the various medical and technological advances that let more people reach that age and a great deal more, or the giant baby boom that would occur after World War II, or the sharp drop in birth rates in the 1960s, thanks to artificial birth control.

Those factors produced a system that simply doesn’t work.

A few modest changes back then might have avoided today’s challenge. But now, we are left with a crazy system that rewards earlier generations at the expense of later ones.

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Geopolitical Signals Of Global Economic Crisis Abound, by Brandon Smith

The globalists want crises, which includes an economic crisis. From Brandon Smith at alt-market.com:

As I write this, news feeds are buzzing with questions and confusion over the October US/China trade talks. In September there was a massive propaganda campaign within the mainstream media to push the notion that a deal with China was imminent, which boosted markets otherwise on the verge of a plunge due to a hailstorm of bad financial news. This media campaign also indicated to me that there would be no deal in October – best case, there will be an announcement of “progress” and a temporary pause in tariffs, which will fall apart once again in a month’s time. Worst case scenario, the talks will falter before they ever really begin. Either way, the trade war will continue well into next year.

As I predicted in my article ‘The Ugly Truth About The Trade War’ in September:

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America’s Political Implosion, by Finian Cunningham

Maybe it’s going to take breaking up into two or more countries for the US to solve its current political imbroglio. From Finian Cunningham at strategic-culture.org:

The polarization in American politics has become so extreme there seems no longer to be any center ground. The political establishment is consequently imploding into an abyss of its own making.

President Trump is being driven into an impeachment process by Democrats and their media supporters who accuse him of being “unpatriotic” and a danger to national security.

Trump and Republicans hit back at Democrats and the “deep state” whom they condemn for conspiring to overthrow the presidency in a coup dressed up as “impeachment”.

The White House is being subpoenaed, the Democrat-controlled House of Representatives wants to access transcripts to all of Trump’s phone calls to foreign leaders; Secretary of State Mike Pompeo has blasted congressmen for “harassing the State Department” in their search of evidence to indict Trump. Trump calls the impeachment bid a “witch-hunt”.

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The 2 Most Important Things I Learned When the SHTF in Venezuela, by J.G. Martinez D.

Some things just cannot be taken for granted. From J.G. Martinez D. at theorganicprepper.com:

Hello again fellows.

It’s has been a while since our last interaction.

Some health issues have knocked me down on my back, literally, this last week, but here I am again. Stress seems to be charging a toll on me.

Let’s go straight to the topic now. I know this is not something I usually do, you’re right.

If there is something that looks like SHTF, it is the extreme change of the situation we faced. I will elaborate a small prelude for those readers unaware of our story. I had a good life back there in Venezuela, until 3 or 4 years ago. Living in an already paid for house, in a good subdivision, a city the exact size not too big not too small..good medical care, good salary, a great job. In less than one year (a few months, indeed) all of that is gone. Couple relationship, everything. A total extension, all of a sudden, life reset. And a bugout getting through two foreign countries, now becoming increasingly violent against us migrants.

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Rare Fox News Segment Details Saudi State Sponsorship Of 9/11 Attacks, by Tyler Durden

Mainstream media rarely questions the 9/11 narrative. From Tyler Durden at zerohedge.com:

During an episode this past week, Tucker Carlson of Fox News laid out the growing evidence of Saudi state sponsorship of 9/11, based on additional details coming out of the 9/11 victims families’ lawsuit against the kingdom.

Noting that the US increasingly appears “on the brink of bombing Iran” he questioned, “why are we doing that?” Carlson answered, “well we’re primarily doing that to protect Saudi Arabia.”

“Iran had nothing to do with 9/11,” he noted in his opening comments. “Saudi Arabia, meanwhile, was so connected to 9/11 that the families of many 9/11 victims are seeking justice  payment as recompense for the Saudis’ role. So How exactly does the country and its government get to ignore this?”

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Democracy Is Now a Hindrance to the Imperial State, by Charles Hugh Smith

Our real rulers have no problem with democracy as long as we elect nominal rulers they’ve approved. From Charles Hugh Smith at oftwominds.com:

Democracy is the coat of paint applied for PR purposes to the Imperial State.

If we step back from the histrionics of impeachment and indeed, the past four years of political circus, we have to wonder if America’s democracy is little more than an elaborate simulation, a counterfeit democracy that matches our counterfeit capitalism (Matt Stoller’s term).

If we review the mechanics of our “democracy,” we find that swapping which party controls Congress doesn’t really change the policies of The Imperial State, the central state that oversees America’s global commercial and geopolitical empire.

Next, consider the high return rate of incumbents. Once in power, politicos can skim the millions of dollars in campaign contributions needed to win re-election.

Then there’s the some are more equal than others nature of the judicial system that serves the interests of financial and political elites: Bernie Madoff was free to continue his Ponzi scheme for years despite whistleblower attempts to instigate a federal investigation, and pedophile /schmoozer / “intelligence agency asset” Jeffrey Epstein was free to exploit underage teens and pile up $200 million after a wrist-slap conviction.

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