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Two Of 2011′s Surest Bets

January 21, 2011 by  

Two Of 2011′s Surest Bets

When I talk about "The End of America," I don’t mean the end of our political union (although I won’t rule that out). I’m talking about the end of the U.S. dollar as the world’s reserve currency. So how will it unfold? That’s what people keep asking me.

My answer is: The collapse of the global fiat money system is already underway.

Gold has gone up for 10 straight years. Gold is the counterbalance to fiat (paper) money. For 10 years in a row, investors around the world have been favoring gold. This trend is going to continue, and it will not stop until serious actions are taken to put a floor under the value of the world’s major paper currencies: The euro, dollar, and yen. And that can’t happen because the governments backing these three currencies are all bankrupt. The euro will die first. Just look at the numbers…

Greece, Ireland, Spain, Portugal and Italy have all made the same mistake. They responded to the collapse of real estate prices and debts by guaranteeing the private obligations of their banks with their country’s treasury. (America is doing the same, by the way.) The problem is, the debts are vastly larger than the governments can afford to repay… far larger.

So for example, when Anglo Irish Bank failed, it announced it required $35 billion. That’s equal to 25 percent of Ireland’s gross domestic product (GDP). And that’s only one of Ireland’s failed banks. Ireland will never be able to afford these obligations.

As a result, Germany, France and the other euro nations have put together a bailout plan. All of the European treasuries will act to save any member state.

Total debts owed to foreign investors in the so-called "PIIGS" countries are $2.6 trillion. The bailout package that’s been assembled totals $1 trillion. That sounds pretty good… at first.

But Italy and Spain have pledged $130 billion to the bailout. Where will they get that money? Greece has pledged $12 billion. Ireland, $7 billion. Portugal, $11 billion. Only about half this money will ever be raised and almost all that can be raised will come from France and Germany. Sooner or later, the taxpayers in those countries will say "enough" and the whole thing will unravel.

It will happen suddenly. And very, very soon.

Even if you pretend Europe can raise that size of a bailout fund, that figure isn’t nearly large enough to bail out either Spain or Italy. And both are likely to suffer a default if either Greece or Ireland defaults. That’s why interest rates in Ireland and Greece are back to crisis levels, despite the bailout promise. That’s why the euro continues to fall. And that’s why shorting the euro is one of 2011′s sure bets.

The collapse of the euro will cause all kinds of big problems this year and almost surely lead to a huge correction in commodities and a rise in the dollar. Does that mean the U.S. dollar’s problems are just a mirage? Nope. Sooner or later, the U.S. will face a stark choice…

If we let the euro fail, there will be terrible short-term consequences. So the Fed will crank up the presses yet again. Quantitative easing 3 will be another $1 trillion effort, this time focused on buying European sovereign debt. The Fed must become the lender of last resort not only for the U.S., but for the world.

That’s the last step before its eventual collapse. After that point, people will no longer flee to Treasuries when a crisis erupts. They will flee to gold.

Good investing,

Porter Stansberry

P.S. One final reminder… We’re not "headed" for a currency crisis. We’re in one right now. It’s very important you know the implications of this crisis and how to ensure your family’s financial security. You can learn how by watching this video. Click here to get started.

Porter Stansberry

founded Stansberry & Associates Investment Research, a private publishing company based in Baltimore, Md., in 1999. His monthly newsletter, Stansberry's Investment Advisory, deals with safe value investments poised to give subscribers years of exceptional returns. Porter oversees a staff of investment analysts whose expertise ranges from value investing to insider trading to short selling. Together, Porter and his research team do exhaustive amounts of real-world, independent research. They've visited more than 200 companies in order to find the best low-risk investments in the world.

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  • Graeme B

    Porter, what you didn’t mention was that at the G20 in Korea in November, the BRIC (Brazil,Russia,India and China) were activily discussing the use of a different standard for international trade, rather than th USD. The USD is being diluted by the continuous printing to meet the borrowing requirements of the Treasury.
    If the USD is no longer the currency of choice, the Fed will not be able to print anymore without looking at hyper-inflation as in 1920′s Germany and the inability to acquire credit on the open market without exorbitant interest rates.
    This is why the non-repeal of the tax break for top 5% was so foolish as the Treasury will have to go and further borrow the $800bn per annum of lost tax revenues, and that from people who today have a net worth of $47trillion.
    I think the whole house of cards will come down and it will be when we least expect it. Sometime this year, is my reckoning.

    • meteorlady

      Since the top 5% pay most of the taxes why keep sticking it to them? In California they have moved to other states. I moved from Washington State to get away from run away taxes and property taxes. Then add on the fees and licensing requirements and I’m out a lot of money and I’m not even in the top 5%. More like the government should quit spending, stop robbing from the Social Security Trust Fund and stop federal health care and education. We need to let the states have their rights back, not keep taxing at the federal level because the more you give them the more they over spend.

      • DaveH

        Yesterday on the TV (Fox) I heard them discussing the looming Pension fund bailouts for Government Employees in States like California. They talked about those pensions being “sacred cows” that couldn’t be defaulted on. But then, in almost the same breath, they talked about the fact that something had to be done about Social Security.
        So they can’t touch the Government Employees Pension funds (which were paid into by the taxpayers, not the Government Employees), but they can touch Social Security which monies were taken directly from the private sector employees? Unbelievable.
        Welcome to the upside-down world of Big Government.

        • Bruce

          Odd that you bring that up as it seems the Unions also feel the same way. Now just how progressive an idea, oh wait that is the progressives.

          • DaveH

            I don’t know about that. But maybe you misunderstood my comment. I think Social Security ought to be abolished — hardly a Progressive sentiment. But since the Government took that money from us against our will to “protect” us, then they sure as heck should keep the contract for those of us that have been forced to pay in for all those years.

          • Bruce

            Dave, What I was noting is the behavior of the unions, they feel as though they are above everyone else. They refuse to give an inch yet they take with out even thinking.
            The Public unions such as the one in the State of California will break the states back. We can only hope that the Feds don’t bail them out. Unions have been working with the Progressive’s for many years now and thats why I noted that.

        • Richard Pawley

          We have one chance and that is if we can keep the Tea Party from being corrupted like the old establishment, keep their feet to the fire, and get them to cut spending 10% across the board for everything, every salary, every bureaucracy, every one, everywhere. Anything less is just prolonging the inevitable and that is why 250,000 are leaving the country each year and millions are moving from Democratically run high-tax union states, to low tax, non-union states. Of course the President has promised the unions he will try to unionize all the states so everyone can be burdened by high taxes. I don’t think anyone is going to be happy when they see how much inflation is caused by all the spending of the past decade but I’m beating a dead horse.

          • Pat R


            You are dead wrong if you think we have a chance of changing the UNITED STATES CORPORATION (which is the government in DC). The whole complex system is corrupt and “BROKE”.
            Since you seem to be an intelligent, I am surprised to see you still spouting off about the events in DC. Everyone needs to get their head out of the sand and LEARN the facts about what has happened to this Country. I promise that you will be in shock and totally “teed” off.
            Yes, we are considered “cattle” and our Birth Certificates really are
            traded on the Stock Market.


          • Vicki

            Pat R says:
            “…our Birth Certificates really are traded on the Stock Market.”

            Cool. Where is Obama’s?

            And while your at it please provide a link to your source. Even if it is on your website as long as it has references.

          • Dan az

            mong the committee’s proposals:

            * Automatic pay increases for civilian federal workers would be eliminated for the next five years.
            * The civilian workforce would be cut by 15 percent through attrition.
            * All stimulus funding not already spent would be “clawed back” and eliminated. This would further aggravate the near-desperate fiscal conditions of several states that are facing massive deficits.
            * Funding for the controversial Corporation for Public Broadcasting would be eliminated, saving $445 million per year.
            * Funding for the National Endowment for the Arts and the National Endowment for the Humanities would be eliminated, saving over $320 million annually.
            * Some $1.56 billion would be saved by eliminating all federal subsidies to Amtrak.
            * Some 68 duplicative education programs would be eliminated, saving $1.3 billion annually.
            * $1 billion would be gained through requiring the collection of unpaid taxes by federal employees.
            * $900 million would be saved by eliminating funds for the administrative cost of setting up Obamacare.

            Republicans know that by getting specific on what they want to cut from the budget, they open themselves up to a constant drubbing from Democrats who will say their ruthless proposals will cost jobs and endanger the fragile economic recovery.

            But as indicated by warnings from bond-rating agencies about the soundness of U.S. debt, especially in the municipal bond market, Republicans will make the case that the greater danger lies failing to address a national debt that has ballooned alarmingly from $8.6 trillion to $14 trillion since Democrats took over control of the House of Representatives in January 2007. And they point to the power of the tea-party movement, saying it will help them transform their objectives into reality, despite the heavy political opposition that is expected.

            Read more on GOP Attempts Historic $2.5 Trillion Cut in Federal Spending
            Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!

        • Dan az

          Article credit: Zero Hedge

          In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.” In other words, Virginia will study the fallback plan of a “timely adoption of an alternative sound currency that the Commonwealth’s government and citizens may employ without delay in the event of the destruction of the Federal Reserve System’s currency” and avoid or “at least mitigate many of the economic, social, and political shocks to be expected to arise from hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System.” Most importantly as pertain to the currency in question, “Americans may employ whatever currency they choose to stipulate as the medium for payment of their private debts, including gold or silver, or both, to the exclusion of a currency not redeemable in gold or silver that Congress may have designated ‘legal tender’.” Whether this resolution will ever get off the ground, and actually find that the world is at great risk should gold not be instituted as a backstop currency, is irrelevant. The mere fact that it is out there, should provide sufficient impetus to other states to consider the ultimate Plan B.

        • JC

          Part of an article by Mark Steyn:

          According to the cbos 2010 long-term budget outlook, by 2020 the U.S. government will be paying between 15 and 20 percent of its revenues in debt interest whereas defense spending will be down to between 14 and 16 percent. America will be spending more on debt interest than China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel spend on their militaries combined. The superpower will have advanced from a nation of aircraft carriers to a nation of debt carriers.
          What does that mean? In 2009, the United States spent about $665 billion on its military, the Chinese about $99 billion. If Beijing continues to buy American debt at the rate it has in recent years, then within a half-decade or so U.S. interest payments on that debt will be covering the entire cost of the Chinese military. This year, the Pentagon issued an alarming report to Congress on Beijings massive military build-up, including new missiles, upgraded bombers, and an aircraft-carrier R&D program intended to challenge American dominance in the Pacific. What the report didnt mention is whos paying for it. Answer: Mr. and Mrs. America.
          Within the next five years, the Peoples Liberation Army, which is the largest employer on the planet, bigger even than the U.S. Department of Community-Organizer Grant Applications, will be entirely funded by U.S. taxpayers. When they take Taiwan, suburban families in Connecticut and small businesses in Idaho will have paid for it. The existential questions for America loom now, not decades hence. What we face is not merely the decline and fall of a powerful nation but the collapse of the highly specific cultural tradition that built the modern world. It starts with the money it always does. But the money is only the symptom. We wouldnt be this broke if we hadnt squandered our inheritance in a more profound sense.

          The rest of the article:

      • Bruce

        The very same reasons why we moved out of CaliOforniA, we loved it there but really who can keep up with the crazy taxs.

      • Bitter Libertarian

        As of September 30th the GAO officially reported Social Security is in the RED. There is no “Trust” any longer. :(

        • James

          Bitter L., There never has been a Social Security Trust Fund. The FDIC taxes withheld from paychecks may be listed separately but they flow into the treasury like all federal taxes. Going ‘in the red’ just means FDIC taxes are now less than S.S. payments. The previous excess of such taxes over payments is referred to as the S.S. Trust Fund, but that excess was never set aside for that use. Instead the Trust Fund was given Treasury Bonds, which now amounts to 17.9% of our national debt, which is now $14.2 trillion. Or stated otherwise, the national government owes the S.S. Trust Fund $2.54 trillion.

          • texastwin827

            James, you need to brush up on your “history” if you are going to post where “old people” can read them.

            There WAS a Social Security Trust Fund UNTIL 1965 when LBJ moved it into the General Fund. Typical politicians…they couldn’t stand to see all that money sitting there and not being spent!

          • James

            Texas…You are placing your faith in what politicians say, rather than what they do. The above national figures are just days old. The so-called Social Security Trust Fund owns 17.9% of the national debt, which amounts to $2.54 trillion. That doesn’t mean the Trust Fund has that much money. It means the federal government has used the trust fund’s money for other purposes, and now owes it $2.54 trillion, and the only way Congress can replace that money is to tax Americans by that amount.
            Several years ago, I wrote an article on the subject. When the S.S. Act was first passed, it was challenged as being unconstitutional because it taxed one person for the benefit of another, which the Supreme Court had held was beyond the powers of Congress. At the High Court hearing, the Attorney General of the U.S. stated that Social Security taxes are not set aside for S.S. benefits, but flow into the Treasury like any other tax. Because of that, the Supreme Court held the Act constitutional. But congressmen still refer to the fund as a separate entity, because Pres. FDR had publicly stated that the S.S. taxes would be set aside into an Old Age Insurance Account. If I can find the artlcle, I’ll cite the case.

        • Mike In MI

          Back in the spring of 2008, before the big melt, I got a “White Paper” from my Representative that explained the situation with the Govenment Sponsored Enterprises like Fannie Mae, Freedie Mac and others. It explained that the bad mortgages government was forcing the bankers to write and were being written were backed by everything being held in “TRUST” in various funds. Those were what the bankers were promised as collateral when they complained that if they were forced to write unsecured and unpayable loans it would bankrupt them.
          So, whoever the officials were who made those promises to the bankers were fully aware that they needed to keep the S&EC and all financial regulation away from those GSE’s and had to be conscious that they were destroying our financial system. (They were unregulated and their charters had to be rewritten to accomplish their ends.)
          Clinton, Robert Rubin and Barney Frank were involved because it all started under Clinton’s Regime. These manipulations were what started the housing explosion that fueled the Clinton economic boom and still makes him look as if he were a good President. It is also why Obama turns to Clinton to “seemingly” validate what oBAMa wants to fool us into believing is good planning. Its also why Bawnie stays completely as possible out of the limelight.

          • Dan az

            “As ACORN ran its campaigns against local banks, it quickly hit a roadblock. Banks would tell ACORN they could afford to reduce their credit standards by only a little — since Fannie Mae and Freddie Mac, the federal mortgage giants, refused to buy up those risky loans for sale on the ‘secondary market.’

            “That is, the CRA wasn’t enough. Unless Fannie and Freddie were willing to relax their credit standards as well, local banks would never make home loans to customers with bad credit histories or with too little money for a down-payment.

            “So ACORN’s Democratic friends in Congress moved to force Fannie Mae and Freddie Mac to dispense with normal credit standards. Throughout the early ’90s, they imposed ever-increasing subprime-lending quotas on Fannie and Freddie….

            “ACORN’s intimidation tactics, and its alliance with Democrats in Congress, triumphed. Despite their 1994 takeover of Congress, Republicans’ attempts to pare back the CRA were stymied….

            “ACORN had come to Congress not only to protect the CRA from GOP [Republican] reforms but also to expand the reach of quota-based lending to Fannie, Freddie and beyond….

            “[In June 1995] the Clinton administration announced a comprehensive strategy to push homeownership in America to new heights — regardless of the compromise in credit standards that the task would require. Fannie and Freddie were assigned massive subprime lending quotas, which would rise to about half of their total business by the end of the decade.”

          • Mike In MI

            Thanks Dan AZ -
            That nicely closes the circle. Too bad no librals will read the summations provided, or if they do read will not – because they can not (without risking cracking their whole philosophical foundation) -change their view. It, liberalism, is a mental inabilit to process ideas. Like a person who has developed a vitamin or enzyme, deficiency disease. There’s an enzyme missing in a cascade of reactions. When critical reactions are blocked at crucial points in a process whole functions and capacities can be halted.
            It’s like that with the ability to process information – a liberal mental blockade causes the inability to think things through to logical conclusions. Symptoms are vague and confusing expositions, short-term reasoning and planning, ethical lapses, immoral behavior, needs for secrecy and hidden policies which would not be tolerated in the light of day, chains of deceit-deception-denial and at the end the need to contain-incarcerate and tightly control whole cultures when their plans blow-up in everybody’s faces.
            Why does it blow-up? Because what the do is contrry to the way God set the world and the universe up to function. He won’t energize their efforts or help them obtain their ultimate goals (as He does for people work within the boundaries that he set for smooth operations and development of life.
            But don’t try to tell them about that.

            God bless, have a good day and week. Maranatha!

    • Bitter Libertarian

      He has a Longer version of this forecast that mentions what you said.

    • EddieW

      The dollar is doomed, but they will do like Yugoslavia, 100 of the old dollars will buy 1 of the new dollars, that are as worthless as the old, bases like the old on the “good faith of the US government!!
      A problem coming up this summe, and please pass this along to all your people!!
      China is devaluing the dollar by 30%…other countries will soon follow suit!! By summer we can expect a 30% inflation rate, for clothing, gas, oil, electronics, and most importantly FOOD!!
      If you can afford to, and have a cool place to store it, pick up some Freeze Dried foods…They will last 25 years! Dehydrated needs spices, which could be hard to locate!
      My favorite Freeze Dried food company is…beprepared(dot)com.. Rule 1….Buy things you like to eat!!!

  • meteorlady

    I talked at length with my financial adviser about gold and owning it. While I believe that it has much value, it’s not the only way to hedge the US dollar. There are hard money ETFs, though granted they are also fiat currency. There are commodity ETFs and even country ETFs. There are intentional funds and bond funds. These are all hedges against the dollar because as the dollar becomes worth less, you EFT becomes worth more.

    Don’t get me wrong I do have some gold and silver, even palladium, but not as much as everyone that is pushing the prices upward believes one should possess.

    • Patriot1776

      But when no-one can get food they don’t want to trade for gold! This is the only problem with buying gold….you can’t eat it.

    • Dan az

      The silver market was wholly dominated for at least two decades by only a few corporate banks, but primarily through the infamous JP Morgan and the HSBC. Using coordinated naked short selling and massive amounts of capital, they have been able to knock silver down every time its value fell below a certain ratio to gold; usually 60:1. Only recently has that ratio moved slightly closer to the true wealth of silver. The historical average ranges between 16-33 ounces of silver for every ounce of gold.

      These banks have also been issuing paper silver securities, usually in the form of ETF’s, which have no REAL silver backing them. These securities give investors the illusion that there is too much silver on the market, and not enough buyers. This causes devaluation in the metal.

      Gold has suffered from the same manipulation in the past, but the silver market is even more tightly controlled, at least, until this year…

      In November of 2009, a metals trader in London by the name of Andrew Maguire contacted the CFTC with inside information that JP Morgan Chase Bank was deliberately interfering with the silver market on an enormous scale. He not only told the CFTC how the bankers were doing it, he PREDICTED when they would do it again! Maguire gave two days advanced warning that JP Morgan would attack silver on Feb 5, 2010. The market played out exactly as he said it would:

  • DaveH

    Speaking of bailouts, GE reported better than expected earnings today. How nice.
    By the way, GE also owns NBC, including MSNBC and NBC News (the propaganda arms of Big Government).
    In November of 2008, GE Capital got a $140 Billion bailout from the Government.
    I’m sure many of you remember the many “Green” ads that have been run by GE.
    Is there any wonder so many companies have jumped on the “Green” bandwagon.

    • DaveH
    • Dan az

      Unions and pension plans: The United Auto Workers (UAW) union is a good illustration of how unions and pension plans are helping to criplle the American economy. Over the years, the UAW has negotiated an ever increasing number of benefits and perks — including healthcare coverage and retirement benefits — for its members. By 2009, General Motors was spending more money on union benefits than on the planning and development of automobiles. The Los Angeles Times reports that GM — in order to fund healthcare, pensions, and empoyee post-retirement benefits — adds approximately $2,000 to the cost of each UAW-built car it produces. This arrangement prevents the American auto industry from being competitive with car manufacturers based in other countries.

      But in 2009, the U.S. government enacted an Automotive Bailout that committed nearly $85 billion to help keep this unsustainable system afloat awhile longer, and preventing GM and Chrysler from declaring bankruptcy. In effect, this move nationalized the UAW’s pensions, funding them with taxpayer money. The UAW, it should be noted, is a major financial contributor to the Democratic Party.

      In January 2009 Orin Kramer, chairman of the New Jersey Pension Fund stated that U.S. public pensions, as a whole, were facing a deficit of some $2 trillion.

  • Bruce

    Very good point. Most have no idea about GE, and how strange they are also members of the BG to.

    • Pat R

      GE also is a member of the Illuminati, with the Bilderburgs, Rockerfellows, Kennedys, and etc.

      Don’t buy into the crazy mercury-filled light bulbs. They are killing people.

  • Howard R Gray

    Yes we are in a currency crisis but not a money crisis. Gold is real money not mere currency. No amount of treasuries, Bank of England gilts, will cut it as money for much longer, at some point they can fail. Sayonara to paper and wiffle fiat currencies, the sooner the better. The real money or value per se never disappears it just passes out of the hands of the politicians for a while. Once people don’t believe the currency is a real store of value, even temporarily, the fairy tale is over. Since governments like to have a monopoly on the creation of currencies once they fail they are snookered. Governments can’t pay wages nor can anyone else as the legal tender laws prevent value transferring once there is no more value left in the currency. All this is trite stuff, nothing new as it happens, even today.

    As a person who has lived hyperinflation for real, my inheritance in Zimbabwe, in a politically blocked account, vanished, the Standard Bank that holds my account does not reply to my emails. I guess they have nothing to tell me, it wasn’t their fault after all. I wouldn’t mind a reply though. For those of you who don’t know what a blocked account is, it is an account you can’t take the money out of. My grandfather died, left money that was aggregated in a bank account that the British Government agreed with the incoming Zimbabwe government of Robert Mugabe should be blocked to prevent what would have been an inevitable flight of capital from the country at time. The capital flew anyway the value left town for all but the elites. Draw your own conclusions about all this, can it happen here? The flight of value is underway big time are you really aware of how bad it is? The alleged inflation statistics are absurd. What rate do you gather the inflation rate actually is? I have a very good idea it is entering double digits and may be with a vengeance.

    The message is very simple people; hyperinflation is real, so what is the solution? Many years ago I had the pleasure of meeting Friedrich Von Hayek at the Alternative Bookshop in Covent Garden in London when in passing the issue of currency and the like came up for comment at a book signing. In later years I have perused his books, and there are a number, where private or non state money is the topic of discussion. Hayek recommends that legal tender laws should be abolished and non state money systems be substituted for government fiat currency. I surmise if this were to happen, governments would have to take great care to maintain the value of their dollars, pounds or any other fiat currencies for that matter. Then what would the policy formulas on offer be?

    We are in imminent danger of a Weimar currency collapse somewhere in the European Union or even in the dollar over here let alone worldwide. Why not investigate private or non state money now? One problem with Weimar is that when the money went south there were no alternatives; cigarettes just don’t cut it, creating alternative parallel money systems now in advance of the collapse, whenever it may come, might allow the landing to be a shade softer, perhaps without a complete economic meltdown.

    The threat is very real, quantitative easing (if you or I did that it would be fraud) won’t help it just creates too much currency in the system, the more they do it, especially to pay their own debts, you know that old monetization game they said they wouldn’t do, the quicker the end will come. I have experience what the “end” means. The bank won’t send you your statement any more, the currency is still there notionally but it is worthless. The stamp for the statement postage from the bank is now worth more than the account the envelope contains. This is real don’t be fooled into assuming it can’t happen. It happened to me.

    One other thing, about this entity called the Fed which isn’t strictly part of the Fed what should we do with it? Audit it for one thing abolition for another?

    • Bitter Libertarian

      Shut it down, arrest everyone associated with it seize all assets and sell, and nationalize a central banking system. Rewrite banking & Loan laws for 100% reserve requirements, and restore Currency control to Congress, defund all welfare programs including international aid.

    • Northerner


      Rhodesia (now Zimbabwe) was one of the most beautiful, bucolic, safe and productive countries in Africa, if the not the world. How quickly Robert Mugabe, a graduate of a Marxist university in the Soviet Union brought it to its knees with socialism and rapid deterioration of individual and property rights. Favoritism to cronies and supporters, and appointment of ‘czars’ in key government posts have brought this country to the abyss.

      The United States mirrors very much the first sentence above. Unfortunately, it has moved along the path described in the balance of the paragraph much farther than most can, or are wiling to, admit – especially under this administration. Indeed, it has taken place so swiftly that it is not much of a mental stretch to believe there must a ‘central plan’ behind it.

      Out of chaos comes either redemption and rebirth, or formulation of a replacement ‘governance’ to establish order, brutally if required, at the behest of a select few. A fair weather friend, and big backer of President Obama for many years, George Soros has enjoyed this ‘game’ in various forms with several countries in the past. His enormous wealth has been achieved by crisis creation and subsequent gathering of the financial spoils.

      One truly hopes there is no ‘master plan’ in play here, but even a superficial dig into barely concealed evidence, recent history and non-mainstream news articles will whet the curiosity for more. Who knows, amongst you may be those people who can in a meaningful way ‘blow the whistle’ and stop this freight train before it reaches the rapidly approaching, broken trestle over a deep river gorge.

      • Pat R

        Zimbabwe was destroyed by the United States, CIA and Henry Kissinger.
        Mugabe did not destroy it by himself.

        • Howard R Gray

          The theory that the US is behind all evil in the world is a might bit exaggerated. The British government was only too pleased to shuffle Rhodesia into political oblivion following the conference at Lancaster House in London after the demise of the Ian Smith government. Seriously embarrassed by the politically incorrect Smith government, and the guerilla war, they only wanted the problem solved by handing it all over to the Marxists, any port in a storm.

          Much as you would like to believe the US was behind this particular debacle, there are others further towards the front of the queue.

      • Mike In MI


        “Indeed, it has taken place so swiftly that it is not much of a mental stretch to believe that there must [be] a ‘central plan’ behind it.”

        In my opinion you are exactly right, Northerner. The entirety of it is worldwide, intertwined with all sorts of fantasmagoric policy factors, ideological insanity, DEEP deception, character assassinations, propagandized fear mongering, murder of innocents and terrorization of cultures by recently rejuvenated religiously sponsored mayhem. Central to all of that has been the marginalization of the greatest force to driveback ignorance and horror the ages ever produced…pure Biblical Christianity as the early 1st and 2nd Century churches utilized its principles. (Do NOT draw conclusions about “Christianity” from what you see today nor historically, from the 4th and 5th Centuries onward, in any major sect. The Council of Nicea and RCC changed almost everything – while making claims to be direct “heirs to Papal legitimacy from the Apostle Peter”. They became the servants of Polities and apostacy.)
        This space doesn’t allow for explication of all that must be known. Suffice it to start thinking that there are two super-intelligent beings being energized in the world – unequal and at odds, but both superior to humans (we tend to be fooled by our VERY limitted senses which inveigle us to assume we truely monitor our environment. The world is full of sounds, radiant energies, smells, “sights”, “dark” matter, etc. and things that are simply outside of our sensory equipment).
        One of them is the Devil. He uses those most effectively who, knowingly, worship him or give him access to their mental or physical apparatus to carry out his goals in cultures. One of those goals is world domination which requires obtaining of the worship of every person on earth – either out of fear or respect. He doesn’t care which. He just wants and needs it and will do anything to anyone at anytime to achieve his purposes. He uses the four primary human motivations with which he sought – but failed – with temptations to enlist Jesus Christ in his endeavors. He knows everyone’s weaknesses and exploits those who will not take a stand for his arch enemy – God.
        Presently, his only hope is to kill or acquire the worship of all those of Hebrew lineage alive on earth. But, he can’t go after the in too obvious a fashion.
        He’s just about engineered his takeover – under socialism (which the Bible indicates is unGodly) – of the rest of the world. That is why it seems to be so fast to you and so untraceable to a “central planner”. The secrecy of his actions/functions is the secret of his success.

    • Vicki

      Howard R Gray writes:
      “We are in imminent danger of a Weimar currency collapse somewhere in the European Union or even in the dollar over here let alone worldwide. Why not investigate private or non state money now? ”

      The Federal Reserve IS a private money source that uses “federal reserve notes”. I thought people did not want a private corp printing their money.

      • DaveH

        Fiat money is a problem, no matter who administers it. In fact, it could be rationally argued that putting the fiat money supply in the hands of Government is even more dangerous than leaving it to the Federal Reserve. At least the bankers have a modicum of interest in not trashing the dollar. Politicians could care less as long as they and their cronies are on top.
        I’m all for abolishing the Federal Reserve for its sins, but at the same time we must insist on collateralized money creation, or we will just be going from the frying pan into the fire.

        • Vicki

          Money should be worth what it is printed on :) I.E. we should return to coining money from gold and silver etc. Or maybe the error was disconnecting the “paper” money from some item of value like silver certificates.

          • DaveH

            The trouble with any kind of “paper” is that we must rely on the honesty of the issuer. As we have seen, the Government is short on that quality.

    • Dan az

      The Rothschild-Owned Central Banks of the World

      Afghanistan: Bank of Afghanistan
      Albania: Bank of Albania
      Algeria: Bank of Algeria
      Argentina: Central Bank of Argentina
      Armenia: Central Bank of Armenia
      Aruba: Central Bank of Aruba
      Australia: Reserve Bank of Australia
      Austria: Austrian National Bank
      Azerbaijan: Central Bank of Azerbaijan Republic
      Bahamas: Central Bank of The Bahamas
      Bahrain: Central Bank of Bahrain
      Bangladesh: Bangladesh Bank
      Barbados: Central Bank of Barbados
      Belarus: National Bank of the Republic of Belarus
      Belgium: National Bank of Belgium
      Belize: Central Bank of Belize
      Benin: Central Bank of West African States (BCEAO)
      Bermuda: Bermuda Monetary Authority
      Bhutan: Royal Monetary Authority of Bhutan
      Bolivia: Central Bank of Bolivia
      Bosnia: Central Bank of Bosnia and Herzegovina
      Botswana: Bank of Botswana
      Brazil: Central Bank of Brazil
      Bulgaria: Bulgarian National Bank
      Burkina Faso: Central Bank of West African States (BCEAO)
      Burundi: Bank of the Republic of Burundi
      Cambodia: National Bank of Cambodia
      Cameroon: Bank of Central African States
      Canada: Bank of Canada – Banque du Canada
      Cayman Islands: Cayman Islands Monetary Authority
      Central African Republic: Bank of Central African States
      Chad: Bank of Central African States
      Chile: Central Bank of Chile
      China: The People’s Bank of China
      Colombia: Bank of the Republic
      Comoros: Central Bank of Comoros
      Congo: Bank of Central African States
      Costa Rica: Central Bank of Costa Rica
      Côte d’Ivoire: Central Bank of West African States (BCEAO)
      Croatia: Croatian National Bank
      Cuba: Central Bank of Cuba
      Cyprus: Central Bank of Cyprus
      Czech Republic: Czech National Bank
      Denmark: National Bank of Denmark
      Dominican Republic: Central Bank of the Dominican Republic
      East Caribbean area: Eastern Caribbean Central Bank
      Ecuador: Central Bank of Ecuador
      Egypt: Central Bank of Egypt
      El Salvador: Central Reserve Bank of El Salvador
      Equatorial Guinea: Bank of Central African States
      Estonia: Bank of Estonia
      Ethiopia: National Bank of Ethiopia
      European Union: European Central Bank
      Fiji: Reserve Bank of Fiji
      Finland: Bank of Finland
      France: Bank of France
      Gabon: Bank of Central African States
      The Gambia: Central Bank of The Gambia
      Georgia: National Bank of Georgia
      Germany: Deutsche Bundesbank
      Ghana: Bank of Ghana
      Greece: Bank of Greece
      Guatemala: Bank of Guatemala
      Guinea Bissau: Central Bank of West African States (BCEAO)
      Guyana: Bank of Guyana
      Haiti: Central Bank of Haiti
      Honduras: Central Bank of Honduras
      Hong Kong: Hong Kong Monetary Authority
      Hungary: Magyar Nemzeti Bank
      Iceland: Central Bank of Iceland
      India: Reserve Bank of India
      Indonesia: Bank Indonesia
      Iran: The Central Bank of the Islamic Republic of Iran
      Iraq: Central Bank of Iraq
      Ireland: Central Bank and Financial Services Authority of Ireland
      Israel: Bank of Israel
      Italy: Bank of Italy
      Jamaica: Bank of Jamaica
      Japan: Bank of Japan
      Jordan: Central Bank of Jordan
      Kazakhstan: National Bank of Kazakhstan
      Kenya: Central Bank of Kenya
      Korea: Bank of Korea
      Kuwait: Central Bank of Kuwait
      Kyrgyzstan: National Bank of the Kyrgyz Republic
      Latvia: Bank of Latvia
      Lebanon: Central Bank of Lebanon
      Lesotho: Central Bank of Lesotho
      Libya: Central Bank of Libya
      Lithuania: Bank of Lithuania
      Luxembourg: Central Bank of Luxembourg
      Macao: Monetary Authority of Macao
      Macedonia: National Bank of the Republic of Macedonia
      Madagascar: Central Bank of Madagascar
      Malawi: Reserve Bank of Malawi
      Malaysia: Central Bank of Malaysia
      Mali: Central Bank of West African States (BCEAO)
      Malta: Central Bank of Malta
      Mauritius: Bank of Mauritius
      Mexico: Bank of Mexico
      Moldova: National Bank of Moldova
      Mongolia: Bank of Mongolia
      Montenegro: Central Bank of Montenegro
      Morocco: Bank of Morocco
      Mozambique: Bank of Mozambique
      Namibia: Bank of Namibia
      Nepal: Central Bank of Nepal
      Netherlands: Netherlands Bank
      Netherlands Antilles: Bank of the Netherlands Antilles
      New Zealand: Reserve Bank of New Zealand
      Nicaragua: Central Bank of Nicaragua
      Niger: Central Bank of West African States (BCEAO)
      Nigeria: Central Bank of Nigeria
      Norway: Central Bank of Norway
      Oman: Central Bank of Oman
      Pakistan: State Bank of Pakistan
      Papua New Guinea: Bank of Papua New Guinea
      Paraguay: Central Bank of Paraguay
      Peru: Central Reserve Bank of Peru
      Philippines: Bangko Sentral ng Pilipinas
      Poland: National Bank of Poland
      Portugal: Bank of Portugal
      Qatar: Qatar Central Bank
      Romania: National Bank of Romania
      Russia: Central Bank of Russia
      Rwanda: National Bank of Rwanda
      San Marino: Central Bank of the Republic of San Marino
      Samoa: Central Bank of Samoa
      Saudi Arabia: Saudi Arabian Monetary Agency
      Senegal: Central Bank of West African States (BCEAO)
      Serbia: National Bank of Serbia
      Seychelles: Central Bank of Seychelles
      Sierra Leone: Bank of Sierra Leone
      Singapore: Monetary Authority of Singapore
      Slovakia: National Bank of Slovakia
      Slovenia: Bank of Slovenia
      Solomon Islands: Central Bank of Solomon Islands
      South Africa: South African Reserve Bank
      Spain: Bank of Spain
      Sri Lanka: Central Bank of Sri Lanka
      Sudan: Bank of Sudan
      Surinam: Central Bank of Suriname
      Swaziland: The Central Bank of Swaziland
      Sweden: Sveriges Riksbank
      Switzerland: Swiss National Bank
      Tajikistan: National Bank of Tajikistan
      Tanzania: Bank of Tanzania
      Thailand: Bank of Thailand
      Togo: Central Bank of West African States (BCEAO)
      Tonga: National Reserve Bank of Tonga
      Trinidad and Tobago: Central Bank of Trinidad and Tobago
      Tunisia: Central Bank of Tunisia
      Turkey: Central Bank of the Republic of Turkey
      Uganda: Bank of Uganda
      Ukraine: National Bank of Ukraine
      United Arab Emirates: Central Bank of United Arab Emirates
      United Kingdom: Bank of England
      United States: The Dirty Nasty Stinky Fed, Federal Reserve Bank of New York
      Uruguay: Central Bank of Uruguay
      Vanuatu: Reserve Bank of Vanuatu
      Venezuela: Central Bank of Venezuela
      Vietnam: The State Bank of Vietnam
      Yemen: Central Bank of Yemen
      Zambia: Bank of Zambia
      Zimbabwe: Reserve Bank of Zimbabwe

  • DaveH

    Just how far will these people reach to justify their takeover of our lives?

  • Teresa
  • Steve

    There’s one more thing that the article didn’t mention, a monkey wrench if you will and that’s with regard to China. I agree with everything said if China doesn’t throw their hat in to the ring and try to save the Euro. I believe that they said they were considering doing just that and I also believe the they have the power to do it. So………… if China bailes out the EU then I suppose that will prop up the Euro and the dollar takes a dive for the dirt. So it’s possible that many people are wrong is saying the Euro will fail first.

    • James

      Steve, China will save their yuan, not the ECU. They may offer token amounts to foreigners, for show, but in the end they’ll save China. Right now China holds 7.5% of our national debt of $14.2 trillion, or $1.06 trillion. Foreign nations, including China, hold 30.2% of that debt. When China starts converting its treasury bonds to dollars, the other nations will follow suit and the dollar will fail. The failure of the U.S. dollar is a given, it doesn’t require more printing of it.

  • DaveH

    This is certainly better than nothing:

    But considering that fact that it is over 10 years ($250 Billion/year) and the Federal Budget is about $3.5 Trillion/year, it is the proverbial drop-in-the-bucket.

    • DaveH

      I doubt that Republicans have the will to do the really necessary cuts, like getting rid of the Department of Education, and the Department of Energy.
      For real cuts, vote Libertarian:

  • Vigilant

    Porter says, “After that point, people will no longer flee to Treasuries when a crisis erupts. They will flee to gold.”

    Not I. You guys can talk up a stormwith your investment advisors all you want. I believe the flight to gold will be short-lived indeed.

    I will flee to heirloom seeds, food storage and water purification while the rest of you try to eat gold.

    • Marten

      And dont forget some dry powder and lead!!!!!!!

      • Lyn

        How about a nice balance of all of the above…???

  • Earl Larsen

    I would like to hear more on this subject from anyonje who cares to Email me.

  • Earl Larsen

    I would like to hear more on this subject from anyone that cares to Email me.


    Please remember, if you are buying gold you better hide it well. The gov still has a law on the books allowing it to remove any gold and you can be sure that they will use it. They will have no choice. In order for the gov to survive they will do all they can to protect themselves. And seeing as many of you still think gold is more valuable than food and a place to grow more, you won’t be around for long so think about what you are going to do to survive. If you know anything about the BIBLE you know that all this stuff they say is going to happen will. GOD has no reason to lie to us. And he says it will happen. Be prepared and come to know JESUS so that you too can escape all these things that are to come to pass.

    • DaveH

      They will take your food also, Walter. And its a lot easier to find.

      • Dan az

        Yep and here is the order,
        EXECUTIVE ORDER 10998 allows the government to take over all food resources and farms.

        • DaveH

          Soon we will be like these guys:

          • DaveH

            When Progressives take over:

          • DaveH

            If you folks out there that lean to the left get nothing else from the above Mises article, at least read this paragraph:
            “Venezuela’s inflation can be considered a type of fraud. Economies are not built on cash. Automobiles are not fabricated out of money. Families do not eat paper. By printing money, Venezuela’s central bank and government are not creating capital, they are only funding their ability to bid it away from the private sector and squander it on uneconomical public programs. Imagine the average Venezuelan who receives nothing but a currency that is consistently falling in value in exchange for his resources. Simultaneously, his savings are confiscated, because they are progressively worth less in the face of rising prices. How can anybody consider this a basis for a rise in wealth?”

            Surely even you lefties out there have some savings? How can you possibly think that kind of action, where the Government (in our case the Federal Reserve) creates excess unbacked money, thus transferring your savings into their pockets, is a good thing for the citizens?

          • Dan az

            I always like that site Dave,I found this on it to.
            Credit can serve as a panacea for debt only as long as there is credit available to borrow. When the source of credit has been depleted, and governments find it impossible to repay their bloated accounts, the house of cards collapses. This is what occurred in the early 1930s, and it is what will occur in the present day.I fell that this is just going to lead to one world currency which is the plan all along.I just cant believe that all of this is going on and nobody his looking back at the history that wasn’t that long ago.The sheep are being led to the slaughter.

          • Dan az

            the world already has the Great Depression as a warning. But governments and the bureaucrats who run them have decided to ignore the lesson. The new crisis of interventionism is fast approaching, and the market will not wait for governments to realize their errors.

          • DaveH

            You’re being generous, Dan, to call them “errors”. I think they know damn well what they’re doing and don’t care as long as they are on top.

          • Mike In MI

            Hey Dave H. and Dan AZ -
            Has anybody asked the one worlders to explain where they are going to get credit to fund their one world economy under the same idiodic credit schemes? Or, have they already certified contact with whatever exists near Alpha Centauri? Maybe they think it’ll work to auction off this entire solar system – if they can obtain the necessary title deeds.

  • Robbie Smith

    Gold will not help this time.
    Stored food will just extend the hope/pain for some time.
    Fear is in bones of masses, they feel the end is coming soon.
    Enlightenment and total release form material chains (unfortunatelly not simple thing to do) is only way out.
    Knowledge for that exists for centuries, but blindness rules the game.
    Simply be ready to change all your conceptions, to get rid of anything you have and know. Forget existence of State, Gov’t, TV, Be ready to die. Than chance might occur.

  • jopa

    Walter; If the government decides to buy back gold from the American public you say to hide the gold instead.If the gold was illegal to own what good would it be.It would be like having a big stash of crack cocaine.Very illegal and you may be prison bound if you try and barter with it.

  • Dan az

    Jopa for every ounce of gold that you have you should have at least double that of lead incased in brass.

  • jopa

    Other than a bunch of what I call junk jewelry but the wife doesn’t call it that I don’t have too many ounces of gold.A friend of mine that worked in a jewelry store told me that anything with a makeup of diamonds and gold is a total waste of money with a 300-400 per cent markup.Even when I shop around and get what some would call a good deal I know I’m getting ripped off.But sometimes a guy gotta do what he’s gotta do.Guns and ammo no problem.To me anyway they are much nicer than ant jewel I ever saw.

    • texastwin827

      Jopa, a suggestion from this website. Go to your bank and buy rolls of half dollars. Go through them an pull out ANY minted 1965 or earlier. The bulk of those coins are over 90% silver. Later coins have 40% silver. If you don’t find any from 1965, take them back to the bank and repeat the process a few weeks later. At some point you will begin to collect enough silver coins to assist you if there is a complete collapse, as is expected.

      The food storage (along with guns/ammo to protect it) is also the better idea, as well. Buy heirloom seeds as their plants will reproduce seeds for the next planting. The “genetically modified” hybrids will not produce seeds for your next planting.

  • jopa

    Should have been any jewel not ant.

  • Tiberius

    The wealthiest among us–and by that is meant the super-wealthy–are subject to the lowest tax rates in over 60 years. The wealthiest 1 percent now collectively own over 42 percent of the nation’s total financial wealth, with the upward concentration accelerating even through the current recession; the bottom 80 percent of us collectively own less that 7% of the total financial wealth.

    The total federal debt was less that $1 trillion before Reagan took office. Then came supply-side economics and the preposterous assertion that cutting taxes increased revenue, which was cleverly wrapped in pitch for a return to “fiscal responsibility”. The voters bought it hook, line, and sinker. By the end of Reagan’s 2nd term the national debt had tripled, and the richest had become a whole lot richer.

    The same fiscal responsibility pitch was rolled out again by GWB. Cutting taxes would increase revenue. Once again we went for it. High end taxes were cut even more deeply. We didn’t even feel compelled to rethink that to pay for a prolonged, very expensive war. Eight years later the national debt had doubled, private debt was at record levels, and the economy had gone into what threatened to be a total meltdown. Once again, the richest came out of it even richer.

    What don’t we get about this? What’s been happening is obvious: We’re shifting ever greater percentages of the nation’s wealth upward, and “paying” the nation’s bills by taking out IOUs in the name of the nation as a whole. And in spite of the fact that the stack of IOUs has now grown so large that it threatens to crash the entire monetary system, PEOPLE WHO PITCH FISCAL RESPONSIBILITY STILL INSIST THAT CUTTING HIGH-END TAXES RAISES REVENUE.

    We could solve this entire problem by returning to a more rational tax rate schedule–the sort that kept us on an even keel for 200 years–and by imposing spending cuts in such a way that the sacrifice is spread evenly. All of the alternatives to that lead to wide-scale disaster.

    What ever happened to common sense?

  • dr. scrooge

    “sil- ver’ breakes up thru us$42/oz. 4 ’11 up from low of $4 01,
    25c/oz 1932.
    -> www. hyper inflation vs. DEflation, depression debates.
    1914 DE mark 4=us$ 1, 1923 3trillion: $1…new retten marks
    ‘stop’ infl backed by natural resources / land of De.


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