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Posts Tagged ‘economic-collapse’

What Inspires People To Prepare In The 21st Century?

March 1, 2014, by Ken Jorgustin

why-most-people-prepare-in-the-21st-century

Human civilization has never before been so ‘modern’ and technologically advanced as today. We’ve never had it so good. We are able to live a soft and cushy life, and for the most part can get whatever we want, while there are safety nets for those who cannot get what they need.

Why then in the 21st century (if we have it so good) are so many people becoming ‘preppers’ and becoming ‘prepared’?

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The Piano Economy

February 23, 2014, by Ken Jorgustin

the-piano-economy

“You can ignore reality, but you can’t ignore the consequences of ignoring reality.” -Ayn Rand

Summing up the present (distorted and fraud) economy, Karl Denninger recently said during an interview with Greg Hunter:

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Mega Default In China Will Rock The Markets To The Core

January 20, 2014, by Ken Jorgustin

mega-default-in-china

On Friday, Reuters reported that one of the world’s largest banks, the Bank of China had sold to its customers a ‘wealth management product’ of the China Credit Trust Co., which is set to mature on January 31.

But the thing is, the ‘product’ does not have the money…

Investors have just been warned that they might not be repaid, stating in a phone interview with Reuters that “a situation completely does not exist in which the Bank of China will assume the main responsibility.”

A mega default here could send shock waves throughout the financial world, and the situation exemplifies the precipice on which we stand…

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An American Depression: Extreme Haircut Edition

January 4, 2014, by Terresa Monroe-Hamilton

let-them-eat-cake

Americans know deep inside that things are very dire indeed and getting worse by the second. Overwhelmingly, they no longer believe the economic numbers from the government. Lies – all lies and propaganda…

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Major Stock Market Crash In January

November 30, 2013, by Ken Jorgustin

See the image here at McClellan Financial Publications (mcoscillator.com)

Is there a major financial crash in our near future? You must check out this stunning analogy (link above) between the current day Dow Jones Industrial Index compared with the time period 1928-1929 leading up to the memorable stock market crash…

The pattern of stock price movements looks VERY close to the lead-up to the 1929 top.

A lead-up to just any old top is one thing, but the 1929 top was followed by a memorable decline, which makes it all the more worthy of our attention…

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America’s Upside-down Finances Infographic

October 28, 2013, by Ken Jorgustin

america-upside-down
U.S. Flag respectfully turned upside-down to symbolize America’s terrible finances (debt)

It is one thing to accumulate some debt IF there is sufficient growth to substantiate repayment of that debt, but it is quite another to be accumulating debt when there is little or no growth to insure repayment of that debt.

Would a bank give a loan to someone who is already ‘underwater’ and spending more than they take in? NO! They would not.

Why then is the United States spending far more than it takes in, and accumulating a massive ‘credit card’ debt?

You must see this cart… to see how up the creek we really are…

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The System IS Going To Collapse, Says Ron Paul…

October 22, 2013, by Ken Jorgustin

the-system-is-going-to-collapse-says-ron-paul

“You know, the day before, the month before, the year before, if someone would have said, ‘Oh, you know, next year,’ the Soviet system would be gone, everybody would have considered that person nuts.

But it was fragile, and it fell apart, and quickly, and thank goodness we didn’t have to have a nuclear war in order to get rid of the Soviet system.”

“We’re probably in 1987, like the Soviets in ’87, in two years they were gone…”

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