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Doug Casey: Insofar as there are any green shoots, they are weeds. No, everything the government is doing is not only the wrong thing, it is the exact opposite of the right thing. The way to solve the problems that have been exposed at this point is for the government to not do anything; in fact, to entirely get out of the money game, to stop regulating, and vastly reduce their taxes. Of course, they're doing just the opposite.
The government is in essence the biggest single problem that we have, by an order of magnitude. The unfortunate thing is, everybody is looking to the government as providing a solution when it is actually the problem. It is completely perverse. It is one of the reasons why I call what we are going into not just a depression. This is going to be the Greater Depression - much more serious and different from what we had in the 1930s.
Daily Bell: Do you agree that the regulatory apparatus could be blamed for the current difficulties, or should it be Wall Street, or is it central banking that was the primary culprit?
Doug Casey: The ultimate cause of our problems is the inflation of the currency caused by central banks. Unfortunately, it is the investment bankers and the brokers that are going to be blamed for it, but they are just the immediate cause, not the ultimate cause. Everything they have done, which was incredibly stupid, has only been possible because of the structure of our current system. Normal humans are to blame for doing natural things. The problem lies in the government and how it has structured the system.
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Ouch!!! When do you guys think things are really going to start hitting the fan?
ReplyDeleteIts already a depression.
DeleteExcellent depression report.
DeleteOct, Nov, Dec this year IMO. Collapse of the commercial real estate market, devaluation of the dollar, and topping it off with horrific holiday sales figures.
ReplyDeleteListen up. Some of us experts are quite convinced that this is in fact a conspiracy.
ReplyDeleteWe are convinced of this because odd rumours about the NWO plan for America began floating around in 2000 or so.
The plan to destroy america's economy, to introduce a new currency called the Amero, to unite USA, Canada and Mexico into one 'Security and Prosperity Partnership'.
Right.
And right before our eyes we see all of the things being down by our 'leaders' in lockstep with this plan.
So there is no pointing out that the government is doing the opposite of what they should be doing. We already *KNOW* that.
What there is is realizing that the NWO conspiracy is in fact true and that America is being destroyed by design.
The end game for America is 'feat majori' , economic catastrophe, default, bankruptcy and martial law. All social programs will go bye bye. The rioting proletariat will be rounded up by UN troops and trained to waiting FEMA camps for 'processing'.
Take a look at http://money.cnn.com/2009/06/15/news/economy/foreign_purchases_securities.reut/index.htm?postversion=2009061510
ReplyDeletePerhaps I'm reading it wrong, but I think it says that demand for U.S. treasuries in April is just one fifth of what it was in March! Why isn't that bigger news? Am I missing something?
The UN will be able to maintain no viable ground presence in America whatsoever. They better be prepared to hand out lot's of food to the starving sheep, because those are going to be the only people not introducing them to the business end of an AR-15.
ReplyDeleteThe tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
ReplyDelete- T. Jefferson
What a mess we are in!!! I just feel suspended in time waiting for the thread to stretch and break. Things by its weight fell down and Government is shorting on resources to keep the lies that we are doing O.K. Watch out on Agust 20, 2009 till Oct. 2009. So better keep tight with expenses because we won't see a real recovery until 2019. And by real rcovery I mean back on track.The new American Dream will be to subsist.
ReplyDeleteRefreshing to read the words of the informed .05% that have posted above. Even if we are personally 100% prepared, even that is a fallacy. How can you prepare yourself for watching people around you being starved out? As for the UN troops comment above, they won't submit the populace with bullets at first anyway. Food, resources, communications will all be cut off via executive orders. It will only take a couple of weeks to have the majority dying/starving. People that are starving accept any terms given. Most of us watched the murder of the Iraqis and Afghans and did nothing, never spoke out, zip. Down the road it will be our turn. We allowed tyranny to take hold. I know it is hard to step up to the plate and speak out when most of our fellow Americans are apathetic morons with no clue.
ReplyDeleteAppreciative that I have led more than half my life already. Who I really pity are the youth who will basically be living in the middle ages. The Oligarchs have just tired of running their hidden money ponzi and want the power rush of an in-your-face global dictatorship.
To Anon that brought up the 1/5th demand in April - it is actually much worse than that. The Federal Reserve scammers have set up dummy foreign corps in the Cayman Islands THEMSELVES to make purchases. Want proof? These corps started buying late 2008 and now buy a good percentage.
ReplyDeleteThe banksters really want to keep the paper ponzi going until the very last minute. The longer they can keep it going via their minions B.O., Paulson, Bernanke, etc, the worse the crash. They want a total wipeout.
We are slaves to this system. Another who votes is a tool because voting means nothing. The game is rigged. The only honorable thing to do is not participate. 94-97% of even the dumbed down Americans said hell no to the bailouts. They passed and all the other Fed Reserve BS passed because what you or I want doesn't matter. All of the reps inc. Obama are banker paid for puppets.
A person that continues to play poker at a table when he knows the cards are marked is a fool.
Make no mistake....Obama has to be fully onboard with what is going down.
ReplyDeleteEven before the election he came out strongly for TARP. After the election he appointed tax cheat Geithner and Larry Summers. He didn't call for Bernakes resignation. Instead he expressed his full support for all three. And those three went on to continue helping the ultra wealthy with their looting.
Trillions going to that 1%. Why? Because they're smart and know the worst is yet to come. Best to grab the money while they can and the sheeple haven't yet become destitude & aware they've been raped.
Lets get ready to rumble...America is going to tumble
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ReplyDeleteNow thats outstanding material alright.
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