System Collapse – What are folks saying?

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  • Sat, Oct 03, 2009 - 06:56pm

    #1

    pinecarr

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    System Collapse – What are folks saying?

Hi Folks-

   I guess in my heart-of-hearts that I expect our economic system (at a minimum), and possibly our entire infrastructure as we now know it, will collapse in our future.  I’m not exactly sure when it will happen, but information on that topic is very interesting to me. 

   Chris’s  recent post about the value of this site resonated in that regard, as he talked about how close the UK banking system came to collapsing last fall.  And how he thinks a similar situation is something we still need to stay alert for now.

  Similarly, Jim Willie recently posted an article on Financial Sense that caught my attention: “Systemic Failure Approaches”.  It is at http://www.financialsense.com/fsu/editorials/willie/2009/1001.html .  Here’s an excerpt at the conclusion of the article:

“While the 0% official rate creates problems much like those that erupted in a crisis, the monetization of debt issuance signals to the entire world to abandon the USDollar. The monetization assures the death of the USDollar. It is Weimar revisited, but with more military might and far more arrogance. Megalomania gone awry results in catastrophe. Monetization represents back-door devious measures to stave off the disaster of bond auction failures. Monetization is a broken promise made to creditors, who must feel betrayed. Monetization is a vast undermine to the validity, value, and very authenticity of a currency. The government debt for the custodian to the global reserve currency is being monetized, thereby creating gigantic air pockets, and funding a carry trade. The most dangerous asset bubble on the planet right now is the USTreasury. It pays 0% on short maturities. What is next? The forced USGovt worker pension contribution to USTreasurys? How about all state workers too, in their pensions? Maybe eventually all 401k and IRA and Keough pension plans as well, in their pensions? Every citizen maybe support the USTreasurys in pensions, out of patriotism, for national security? With lost integrity from the monetization patterned schemes, comes fear of a repeated Weimar hyper-inflation episode. INVESTORS TURN TO GOLD AND SILVER, the proven sanctuary during crisis.

What comes is the US bank system failure. The endless rounds of bank credit portfolio losses dictate it. The Stress Tests are soon to be discredited, less than one year after their farcical production. The leading losers will be commercial mortgages, prime Option ARMortgages, and credit card losses. Banks are not prepared, having inadequate Loan Loss Reserves, guarding their profits, denying their reserves, managing their stock prices. They deceive their share holders on continued portfolio risk. They try to shove all their garbage assets on the USFed and to Fannie Mae under the USGovt roof, amidst the shrill cries of ‘Too Big To Fail’ nonsense. A US bank system failure is coming. With lost integrity from the banking system, insolvent in its own core, supplanted in function by the USFed itself, lending so little as to force declines in the consumer credit funds, comes distrust of financial institutions generally.”

   I am hoping that we can use this thread to share information about how things stand in terms of the potential for systemic collapse.  I like having this thread in the Controversial Threads area so we have more latitude to share ideas and perspectives that are  interesting, but which may seem “out there” to new folks on the site, and those less inclined to be open to exploring such ideas/beliefs.

  • Sun, Oct 04, 2009 - 10:08pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: System Collapse – What are folks saying?

Hello pinecar and others treking into the controversial area.

First, I agree that we are creeping towards systemic failure, probably in the form of a banking holiday that stop and reset the dollar dramatically lower.  A national emergency will throw the constitution out the window.  Shortly after; accumulating defaults, bankruptcies and subsequent seizures will end our sovereignty and it will be replaced with international feudalism under the rule of banking aristocrats, moneyed elites and other parasitic leeches.   

I’m sure this was discussed at the Bilderberg meeting but all we have are some leaks by unnamed sources.  That might be a good place to start looking for a time frame. 

Global Research  – Before the meeting began, Bilderberg investigative journalist Daniel Estulin reported on the main item of the agenda, which was leaked to him by his sources inside. Though such reports cannot be verified, his sources, along with those of veteran Bilderberg tracker, Jim Tucker, have proven to be shockingly accurate in the past.

Apparently, the main topic of discussion at this year’s meeting was to address the economic crisis, in terms of undertaking, “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”

“There will be a final push for the enactment of Lisbon Treaty, pending on Irish voting YES on the treaty in Sept or October,”[1] which would give the European Union massive powers over its member nations, essentially making it a supranational regional government, with each country relegated to more of a provincial status.

Bad news here…Ireland just endorsed the European Union’s Lisbon Treaty, 16 months after their first vote rejecting it plunged EU reforms into deadlock.

Shortly after the meetings began, Bilderberg tracker Jim Tucker reported that his inside sources revealed that the group has on its agenda, “the plan for a global department of health, a global treasury and a shortened depression rather than a longer economic downturn.”

I think a “shorter depression” also means a sooner depression.

Swedish Foreign Minister and former Prime Minister, Carl Bildt, “Made a speech advocating turning the World Health Organization into a world department of health, advocating turning the IMF into a world department of treasury, both of course under the auspices of the United Nations.”

“One of Bilderberg’s primary concerns according to Estulin is the danger that their zeal to reshape the world by engineering chaos in order to implement their long term agenda could cause the situation to spiral out of control and eventually lead to a scenario where Bilderberg and the global elite in general are overwhelmed by events and end up losing their control over the planet.”

Yes, some good news!  Or maybe they are afraid if they don’t act soon, people might actually wake up and fire the private Federal Reserve.

On May 21, the Macedonian International News Agency reported that, “A new Kremlin report on the shadowy Bilderberg Group, who this past week held their annual meeting in Greece, states that the West’s financial, political and corporate elite emerged from their conclave after coming to an agreement that in order to continue their drive towards a New World Order dominated by the Western Powers, the US Dollar has to be ‘totally’ destroyed.”

The dollar will give way to SDRs, this is happening as a result of the recent G-20 Summit in Pittsburgh.  I suspect we will be hit with another wave of destruction like we say last October, only this time it will be much worse.  My guess…two weeks to 5 months from now…hope I’m wrong.

Larry

  • Mon, Oct 05, 2009 - 03:56am

    #3
    Peak Prosperity Admin

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    Re: System Collapse – What are folks saying?

Wow, Larry, those are some interesting clips!  Thanks for sharing.

I wonder if you’re right re how long until the next wave of destruction.  I am starting to get that antsy feeling like I did last fall.  There is a screaming contrast between all the indicators and evidence that things are still structurally unsound (on life support) and the muzac coming from the MSM, the gov’t and (not to be confused with the gov’t:) the Fed. I think the pressure of the forces on the economic tectonic plates is  going to give way into some nasty quakes before too long. 

Good to hear your inputs,

pinecarr

  • Mon, Oct 26, 2009 - 03:26pm

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    Peak Prosperity Admin

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    Re: System Collapse – What are folks saying?

    Thanks Guys ,          feeling of helplessness overwhelms me at times but misery loves company .   Always searching for ways to prepare but life goes on and everyone has the same basic needs .  So now  to find  just how  best to prepare for them feels like a full time job .  

 

 How  bad  is it going to get when everyone wakes up to find they have been deceived  , no one has power to change and help themselves . We are all slaves aren’t we.  Slave to the Jobs , Slaves to the dollar .  Best  to figure out how to be happy  there or  do you have more answers ???

  • Wed, Oct 28, 2009 - 08:50pm

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    Re: System Collapse – What are folks saying?

Hey Full Moon

   I think a lot of us are dealing with similar issues, questions and emotions.  I think I cycle through the “stages of acceptance” that Chris talked about.  I  think maybe it’s a survival mechanism in terms of just being able to cope with the overwhelming nature of the knowledge we’re dealing with here.

   I am also finding it difficult to prepare while life goes on, having to work full-time and be a parent as well.  I almost wish I could afford to quit my job to give the preparation the time and attention in needs.  But I can’t.  So it is a difficult juggle that I do the best I can. 

   As for how bad it will be once everyone wakes up to find out they’ve been deceived, that is the turning point that I think many of us here are racing against.  Right now, there are things we can do to prepare that will be much more difficult or impossible to do once a large portion of the populace wakes up to the situation.  And I am scared about how bad it may be.

   Your last points are interesting ones, and ones I struggle with as well:

“Slave to the Jobs , Slaves to the dollar .  Best  to figure out how to be happy  there or  do you have more answers ???”

   Interestingly, I have seen a couple different people address them on various threads recently.  Someone on the controversial threads mentioned how our being unempowered victims of the monetary system is a belief that isn’t necessarily true, but one some of us have a tendency to believe without question.  That one made me go “hmmm”, as I think I tend to lean in that direction, right or wrong.

  It also made me think of the folks here who so vigorously support ending the Fed.  They aren’t buying into the victim mentality!   I admire that.

   My husband, on the other hand, is living a wonderful, full life in the moment, in denial (for the most part).  So he’s got the figuring out how to be happy part down…for now.

   And finally, one of the Martenson Brigade contributors on one of the main forum threads just posted a “how to cope” comment:.

James705ca wrote:

 

” I’d like to add the importance of frame of mind.  Recently I have come across the book “The Art of Happiness: A Handbook for Living” written by the Dalai Lama and Howard C. Cutler.  This is a secular book that recommends the virtuous path of Compassion leading to greater Happiness and greater Happiness leading to greater Compassion.  See if you can spot how the book relates to the Crash Course from the title of some of the chapters:

Deepening Our Connection to Others

Facing Suffering (turns out to be a good thing)

Shifting Perspective

Bringing About Change

Dealing with Anger and Hatred

From the guidance in this book I’m now deliberately letting go of negative emotions like fear/depression/anger and replacing these with positive emotions.  In a world that is upside down it is comforting to find a way to happiness – within our own minds.  And since we are concerned about entering a world that involves suffering it is helpful to have some perspective on what suffering is and use it to face our problems head on rather than avoid it.

As I now start down the journey to greater happiness I hope this book can help lead others there as well.

James”

So you do have company in dealing with these issues!

best,

pinecarr

  • Thu, Oct 29, 2009 - 06:30pm

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    Peak Prosperity Admin

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    Re: System Collapse – What are folks saying?

  We would like to see and share more things here but  are still gun shy on the verbal  end that we could receive. Especially  from those that do not agree , that  are way more articulate, and firm on their stand .  Still hoping to find others with similar belief to share ideas with.  Not that we ashamed but maybe more feeble minded .

  I think there are those that have closer views than we think .   No two people totally agree on anything .

  • Fri, Oct 30, 2009 - 05:56pm

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    Re: System Collapse – What are folks saying?

[quote=Full Moon]

  We would like to see and share more things here but  are still gun shy on the verbal  end that we could receive. Especially  from those that do not agree , that  are way more articulate, and firm on their stand .  Still hoping to find others with similar belief to share ideas with.  Not that we ashamed but maybe more feeble minded .

  I think there are those that have closer views than we think .   No two people totally agree on anything .

[/quote]

Keep a stiff upper lip!

There is a lot to despair over but there is still more to take hope and comfort from.

It’s just a matter of perspective.

  • Fri, Oct 30, 2009 - 06:45pm

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    Peak Prosperity Admin

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    Re: System Collapse – What are folks saying?

 My way of handling the anxiety…

 1) It’s a flawed system.. collapse and rebirth is natural..  (hopefully it will be slow enough to navigate.. )

 2) You know roughly what direction to go… just do what you can… one day at a time.. no rush.

 3) Don’t obsess about what you have no control over. (CT’s are terrible in this regard.. !!)

 4) Don’t assume the worst… (CT’s are terrible in this regard.. !!)

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