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The copy paste below was written for an American audience, BUT has serious implications for the Developing World which is locked into the American Empire and economy.......as dollar reserves, as foreign USAID, military aid and TRADE. Finally corrupt elites in Developing Countries who have transferred a good DEAL of the nations wealth into American and Western banks....offshore accounts.
The corrupt elites money is not safe in American and Western Banks if the copy paste below is to be believed. A small hint and indication for what is to come took place only a few years ago......Pensions, PRIVATE and PUBLIC will also be targets in the USA and Europe, under emergency laws.
What is to be done for Developing countries struggling with multiple economic and social problems?
1. De-coupling from the Western economic system would be one good idea.....more trade within Asian countries, and greater trade with China, a country which is not beholden to the financial interests of Wall Street and The City. China will soon replace the USA dollar as the reserve currency of the world. Developing nations money is safe with the Chinese Renminbi.....so it is better to have this in the FCR than the Dollar or the Euro. Chinese leaders do not take drugs, do not participate in ritualistic Satanic child sacrifice sessions or worship ISRAEL....Chinese leaders do what is best for China and its people, and in this simple service they guarantee a better future for the country, with steady high growth for over 35 years and peaceful better relations with neighbors which is an essential prerequisite to domestic development. This is not astrophysics.
2. Expanding the FCR. When the dollar collapses, obviously there will be economic chaos in the world. However nations with small International trade to GDP ratio, and a big FCR relative to GDP which have very little dollar holdings will do better. ....naturally. So from this fact we can say that China again will do better once the dollar collapses because it has a forex reserve of $3.44 trillion (2013). The Chinese government will be able to sustain itself with this huge forex reserves, and indeed it is using this huge reserve to buy up STRATEGIC MATERIAL before the dollar collapses. $1.3 trillion or unofficially $2 trillion of the REAL reserve may be in dollar related documents, but the Chinese government at the optimal time will dump the $ in favor of more reliable currencies, along with silver and gold purchases in addition. The Third World countries that will collapse are those that have economies which are locked into the dollar system of international trade, and have small FCR's.....and take aid from the USA/West and are led by corrupt ineffective leaders...Afghanistan/Pakistan/Turkey. Ironically 4th world Myanmar, with its high levels of corruption will not be hugely affected as it is decoupled from the world economy and is not dependent on the $.
3. As hinted, running an autarky economy will put the national economy in a stronger position when the dollar inevitably, finally collapses. Excellent examples of such models include Nazi Germany and Bolshevik Soviet Union. Whilst the Global Depression originating from the USA took place from 1929, the Soviets maintained 20% REAL GDP growth between 1928, the first year of the 5-year plans until 1941. The same success was repeated by Nazi Germany from 1933. Each and every Third World nations can repeat such economic miracles without opening concentration camps, gulags, torture chambers and show trials.....by simply making investments into INFRASTRUCTURE...INDUSTRY...and effective efficient government/governance through fair tax collection. These measures are not inflationary, but boost the economy and jobs.
4. Autarky is but one of many strategies to save Third World nations from the ravages that will follow a dollar collapse. The other option includes regional FTA, and trade agreements that intensify the trade between neighboring nations.......so that conversely there is lessor dependence on trade with the USA, and the West generally. All nation states must trade, but the bulk should be done within a community of nations in the neighborhood, as it is the case with the EU.
The dollar and USA economy will collapse....THIS is a certainty, not because it is inevitable, but that this is what is desired by the Wall Street masters of the USA economic and political system. They have done this before in 1929, and we may say that this is a scam where millions of Americans will be genocided in gulags run by FEMA within an imposed police state, or through starvation as was the case in the 1930's though no reference is made to it in the most obese nation on earth. From a position of strength, wealth, off-Shored wealth, these eiltes in the USA can then re-impose their peculiar perverse peccadilloes and wiles of policy on the DESPERATE and weak people of the majority.......whilst murdering them, starving them, harassing them into submission......the process has already begun.
The genuine struggle of the ordinary, decent American people is a struggle for the rest of the world.
There are evil people in the USA, many of INFERIOR Neanderthal primitive disposition, who do not believe in live and let live.....who exist in an anti-communalistic GREED BASED, looking after number 1 motto which has hatred for mankind with ALL its beauty and variations, in favor of their paganistic, satanistic, materialistic world.
They are experts with MONEY, FRAUDULENT scheming and networking with their kind.....a simple defense against such an evil exploitative system is to opt out of it, and steer clear of it. The wise Third World governments will opt out of the $ dollar system and trade, BUT the corrupt puppet governments of the USA empire will not.
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By David Hodges of the COMMON SENSE SHOW.
The Murder of the American Economy
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There
was an obscure story which ran two years ago which is receiving scant
attention and yet, it is the banking story of the decade. It is the
number one banking story in human history. It is the story which will
destroy America’s banking accounts. It is the story that spells the
beginning of the end of America’s financial empire. This is the end of
the America’s financial empire and NOBODY is talking about it. What is
that story? First, the prerequisite background.
Our Crushing Debt
Nearly
every publication estimates the derivatives debt to be in the range of
one quadrillion dollars to $1.5 quadrillion dollars. Conservative
estimates tell us that this derivatives debt, that has been assumed by
the governments of the world, is at least 15 times the entire value of
the assets of Planet Earth. This generation cannot pay off this debt.
Your children, grandchildren and even great-great-great-great-great
grandchildren cannot pay off this debt. If the status quo were to remain
in place this debt could not be paid off in the 25th century, the 30th
century, nor the 50th century. My estimates place the interest on the
debt to exceed the entire value of the world’s assets and the interest
is increasing far faster than the governments of the world can service
the debt. Who is the debt owed to? It is owed to the first movers, the
owners of the central banking system. If you want an identifiable
target, let’s call the debt owners of the planet the Bank of International Settlement (BIS)
along with their henchmen at the World Bank, the International Monetary
Fund and their minions at the United Nations. The BIS is collapsing its
own banking empire in order to usher in a New World Order which will be
discussed later in the article.
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The
world’s economy has been dealt a fatal blow from which it cannot
recover. No amount of budget, belt tightening will ever change this
fact. We could literally be taxed at a 100% rate and the derivatives
debt and the interest on this debt will continue to increase faster than
the nations can pay the debt down.
Bank of America Case In Point
In
an obscure, but well reported 2011 event, Bank of America announced it
was shifting derivatives in its Merrill investment-banking unit to its
depository arm, which has access to the Fed discount window and is
protected by the FDIC. This was announced as a news blurb in the main
stream media and was prominently reported in the Daily Bail.
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This
was the single biggest financial event in the history of America. It
was bigger than the 1929 stock market crash and it was bigger than the
beginning of the bail outs in 2008, but it did not received the banner
headlines that it should have received. What does this mean? It means
that the Bank of America’s European derivatives are now going to be
“insured” by U.S. taxpayers and its two most important financial
institutions, the Federal Reserve and the FDIC. What is even more
distressing is that the Bank of America did not even seek or receive
regulatory approval for this action. This action was simply acted upon
on behalf of frightened counterparties. Under the Federal Bankruptcy Act
of 2005, the counterparties derivatives debt receive “super priority”
when it comes to the disbursement of FDIC insurance payments to failed
banks. Where do the rest of us stand in terms of reimbursement for a
failed bank? We are in last place. In short, when your bank fails, your
money is gone.
Just how serious is the derivatives debt for the Bank of America? The Daily Bail reported
that this was a “direct transfer of risk to the taxpayer done by the
bank without approval by regulators and without public input . . . “ The
estimated total of derivatives debt tied around the neck of Bank of
America is a little under 80 trillion dollars and is growing
exponentially because of the interest payments. And yet, there is
another shocker, JP Morgan Chase is receiving the same undue government
benefit with $79 trillion of its national derivatives debt
guaranteed by the FDIC and Federal Reserve. What this means for you and
me is that when Europe finally implodes and banks fail, U.S. taxpayers
will hold the bag for trillions in insurance derivatives contracts,
labeled as credit default swaps (CDS) which were sold by Bank of America
and JP Morgan. This is when you will lose all control over your money
and ultimately your life, if you are not prepared ahead of time.
As Plain As the Nose on Your Face
When
the derivatives debt reaches the point where it causes our debt load to
be so great that we cannot even service the interest, all financial
institutions will fail. All governments will go into default. If
the Federal Reserve engages in “print money out of thin air policy” to
cover the insurmountable debt, as they did with the bailouts in 2008,
the resulting hyperinflation will make the German Weimar Republic seem
like a prosperous economy. And do you think your money is safe because
of the FDIC? Let me repeat, the FDIC, by law, must first pay the
derivatives counterparties. Since the derivatives debt exceed the
world’s total wealth by a fact of at least 15, do you now understand how
and why you are not getting your money back when EVERY bank fails in
the near future? Just the debt insurance that Bank of
America and JP Morgan Chase have obtained from the American people
totals nearly 180 trillion dollars.
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Before you accuse me of being paranoid, first explain how that debt can be paid? IT cannot be paid back, ever! However, the banksters are grasping for breath as they die on the vine. However, they will not go down without a fight. They are delaying the inevitable crash which will take them down with us. So, they are trying to keep their heads above water by stealing your bank accounts, your pensions and 401K’s. When your money is gone and your life is destroyed, the one solace we can take is that Wall Street will follow us right into the gates of hell as they will not survive either, and this is all by design. The purveyors of the central banking system are as evil as they come. They have set into motion the derivatives scheme so as to destroy all civilization so they can remake this planet in their own twisted image of their conceptualization of a Brave New World.
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Before you accuse me of being paranoid, first explain how that debt can be paid? IT cannot be paid back, ever! However, the banksters are grasping for breath as they die on the vine. However, they will not go down without a fight. They are delaying the inevitable crash which will take them down with us. So, they are trying to keep their heads above water by stealing your bank accounts, your pensions and 401K’s. When your money is gone and your life is destroyed, the one solace we can take is that Wall Street will follow us right into the gates of hell as they will not survive either, and this is all by design. The purveyors of the central banking system are as evil as they come. They have set into motion the derivatives scheme so as to destroy all civilization so they can remake this planet in their own twisted image of their conceptualization of a Brave New World.
Out of Chaos Comes the New World Order
The Bank of International Settlement and its henchmen (i.e. World Bank, IMF) and the United Nations want to collapse the existing order on this planet. Their assault upon humanity has begun. They are beginning the demise with collapsing the world’s financial empire. When economies crumble, national governments will fail and then the people will soon come to understand the term, the New World Order. We are not talking about the creation of just an evil world government. We are talking about the creation of a planetary structure in which most will not survive (see the Georgia Guidestones).
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You cannot stop what is coming (In the USA and EU MAYBE....BUT NOT IN THE REST OF THE WORLD), you can only prepare to try and survive for as long as you can.
