Former US Treasury Official – U.S. To Experience Total Collapse

kingworldnews.com / August 30, 2013
Today a former US Treasury Official shocked King World News when he warned that the U.S. would experience a total collapse.  He also warned that the entire Western financial system will be brought to its knees because, unlike 1980 when he and others saved the United States from collapse, the collapse cannot be stopped this time.  This is without question one of the most powerful interviews Dr. Paul Craig Roberts’ has ever done.

Dr. Roberts:  “The (U.S.) deficit projections, if they are honestly done by the Congressional Budget Office and the Office of Management and Budget, will show a larger deficit projection then Congress faced the last time they refused to deal with the issue.

So, what will they do when as of mid-October the new Treasury Secretary has said that ‘The Treasury will have run out of tricks’ to get around the debt ceiling limit.  For example, what the Treasury has done to evade this limit is to pay itself dividends out of Fannie Mae and Freddie Mac (laughter ensues)….
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THE CONFIDENTIAL MEMO AT THE HEART OF THE GLOBAL FINANCIAL CRISIS

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it. 

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world. (more)

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Warning: The last two times this happened, stocks fell 50%

CLICK ON CHART TO ENLARGE

When investors get cocky, they end up borrowing money to invest in the stock market, via margin accounts.  The above outstanding chart, created by Doug Short, reflects that margin debt remains near record levels. 

Why could this be important?  The last two times in the past 13-years, when margin debt was this high the S&P 500 declined 50% in value.  Does it mean SPY will decline 50% again? NOPE!!!

If history is a guide, it does reflect that stocks are above average in risk at this time!

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Your Money Is Not Safe In The Banks

 
Money Is Not Safe In The Big Banks
Glass Steagall is a solution. Otherwise, the tax-lords will continue to play the Wall Street Casino, with stolen public money. If the computers crash; the next action will be to bail in peoples savings accounts down into a black-hole robber-baron cesspool of inequality.

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Kondratieff Wave ~ The Economic Winter is Here with Peter Baxter

Kondratieff Wave theory details how capitalist economies experience a recurring cycle. It's a boom and bust of around 60 years that coincides with a peak in credit. The cycle consists of four distinct phases based on mood changes. The tone determines the actions of individuals involved in the economy. The cycle duration of the so-called K-Wave is also similar to the human lifespan. So, when each economic "winter" rolls around, the problem is cultural memory loss. Bob talks to Peter Baxter, author of kondratieffwinter.com, about deflation in the winter cycle.

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Nearly 90 Million Americans No Longer In The Labor Force

A record 90 million Americans who are no longer even looking for work.Boomers retiring really is a big chunk of this. This is actually bad news though, because these people aren't going back to work under any circumstances apart from imminent starvation. In other words, the labor participation rate will necessarily continue to fall.
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How to Invest with Zero Downside and Unlimited Upside

In 2005, I found a no-downside, unlimited-upside deal...

 

It seemed to be too good to be true. So I flew to London to check it out.

 

The worst-case return was 7% annual interest for 10 years. But if the asset went up more than that, I could sell it and pocket the gain.

 

In short, there ARE deals out there with zero downside and unlimited upside... even today, as I'll show you...

 

When I found that deal in 2005, the asset was Beatles autographs. So the Beatles have been hanging on my wall for eight years now. (I have two more years to go on this contract before I decide whether to sell or take my 7% a year.)

 

The terms were so good, it almost didn't matter what the asset was...(more)

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The Trillion Dollar Crisis Facing the U.S.

Fears of climate change seems to rise and fall with natural disasters. The East Coast has been fortunate to avoid a hurricane so far this season but out West wildfires have been destroying homes, businesses and forests.

More than 200 square miles are now burning in Yosemite National Park threatening groves of giant sequoias as well as a reservoir that supplies water and power to San Francisco.

Thirty-six large fires are raging in eight western states, from Wyoming to Washington State, plus Texas and Alaska, according to the National Interagency Fire Center. Its web site says the “fire potential remains above normal for a large portion of the Northwest and California Mountains” because “fuels remain much drier than normal.”


That dryness is due to climate change, according to Ramez Naam, a technologist and author who has written extensively on climate change. “Wildfires are about four times more common in the U.S. now because of climate change,” says Naam.  (more)

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