Archive of Economic Collapse Archives | Page 3 of 7 | Truth is Treason

China Announces Its Own Bank and Stock Market Bail Out Thumbnail

China Announces Its Own Bank and Stock Market Bail Out

Posted on Oct 10, 2011 in Economic News, Global & National News

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

To anyone still believing that capital markets around the world express something other than government policy, the latest news out of China may come as a surprise: “Beijing will buy more shares in China’s biggest banks, in an expression of support for the beleaguered stock market and most concrete state action to date to shore up confidence in the slowing economy.”

Hayden’s Note:

Those of you who despise capitalism or say that the free market doesn’t work need to step back and realize that this is not free market capitalism in action.  This is croni-capitalism, or a corporatocracy.  This is flat-out market manipulation in its most blatant form.  Those corporations and stocks that fail should be left to fail, not propped up by governments.  By bailing them out, they are conveying to the public, “Have faith! Continue to buy and invest!…don’t worry that this stock should have gone under.  Put more money into it.  Their failed policies and ideas will suddenly become great!”

Some mornings I wake up and wish the collapse would hurry up and happen so that we can have a chance at a real free market.  ...

Continue ReadingLeave a Comment
Step Aside BBC “Trader”: Head of UniCredit Securities Predicts Imminent End of the Eurozone and a Global Financial Apocalypse Thumbnail

Step Aside BBC “Trader”: Head of UniCredit Securities Predicts Imminent End of the Eurozone and a Global Financial Apocalypse

Posted on Sep 28, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable op-ed in the Hungarian portal Index.hu which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story.

Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print.

Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”… “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe....

Continue ReadingLeave a Comment
BBC Speechless as Trader Tells Truth: “The Collapse is Coming…Goldman Sachs Rules the World” Thumbnail

BBC Speechless as Trader Tells Truth: “The Collapse is Coming…Goldman Sachs Rules the World”

Posted on Sep 27, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Alessio Rastani, a trader, talks to the BBC rather candidly about the inevitable crash of the Eurozone, the stock market and puts things into simple terms.

“This economic crisis is like a cancer….if you just wait…it’s going to keep growing… and it will be too late.”

“Governments don’t rule the world…Goldman Sachs rules the world.  Goldman Sachs doesn’t care about this rescue package and neither do the other big funds.”

He then goes into some simple strategies, such as hedging and protecting your current assets and predicts that within 12 months, millions of peoples’ savings will be wiped out.  He also comments on the 1930’s Great Depression and notes that it was used by a select few to become rich.

However!… I certainly would not be putting my faith and money into US Treasury Bonds OR the US Dollar.  Gold, silver, land, firearms, long-term food and other tangibles will be worth far more than 30-year bonds if a collapse occurs.  Why do you think the Federal Reserve is only investing in short-term bonds?  There will be no Treasury Bonds in 30 years.  ...

Continue ReadingView Comments (2)
5 Indicators That We Are Currently Embarking on the Great Shift Thumbnail

5 Indicators That We Are Currently Embarking on the Great Shift

Posted on Sep 26, 2011 in Blog, Editorials, & Thoughts, Emergency Preparedness & Survival

Kevin Hayden – TruthisTreason.net

Source: Sal Parkes Truth Contributor

In Part 3, I shared how the concept of consciousness and our connection to Earth is a critical piece of the puzzle often left out by 2012 mainstream information and scientists. In this post I’ll share the key collective experiences that are manifesting in response to this transition we’re now making. The impacts of this shift are likely to be felt up till 2016 when our solar system has made the full shift.

Hayden’s Note:

See my numerous articles on the subject of barterlocal economies, and investing in tangibles.

The Great Shift, Part 4: Growing Evidence

1. The Global Economic Crisis

We are witnessing an inherently flawed economic system that is destined to implode on itself. The debt bubble that has been continually inflated with fiat currency (paper and digital money backed by nothing) and expanded by the fractional reserve banking system has created a ticking financial time bomb.  All the money that has been pumped into our economies in the form of banking bailouts, stimulus packages and quantitative easing measures is only prolonging the inevitable and making matters far worse....

Continue ReadingLeave a Comment
The Economic Shredding Machine Thumbnail

The Economic Shredding Machine

Posted on Sep 20, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Economic Prism – M.N. Gordon, Truth Contributor

Falling Flat on its Face

Like the U.S. Treasury, President Obama’s recent jobs proposal is bankrupt.  Quite frankly, we weren’t counting on much.  But that doesn’t mean we still weren’t disappointed by its burdensome emptiness.

The most remarkable thing about the President’s latest jobs creation plan has nothing to do with the actual substance – or lack thereof – included in the initiative.  To the contrary, it’s the idea behind it that’s most noteworthy.  In short, the President actually believes the government can use borrowed money to stimulate the economy. 
If this were true, the trillions of dollars already spent would have produced an epic boom and job creation renaissance.  By this point in the recovery, unemployment would be down and opportunities would be abundant.  Obviously, none of these things have taken place.  Instead, according to a recent Bloomberg National Poll, only 9 percent of the population is confident the economy won’t slide back into recession.

The government, as we’ve seen, is extraordinarily capable of spending boat loads of borrowed money. ...

Continue ReadingLeave a Comment
The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome” Thumbnail

The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome”

Posted on Sep 18, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Yahoo Finance – The Daily Ticker

Hayden’s Note:

It is interesting to note that this program was sponsored by ScottTrade and appeared on Yahoo Finance.  Just some food for thought…  It’s becoming a mainstream, legitimate concern.  What have you done to hedge yourself against a potential collapse?

The Ayn Rand Institute held its annual “Atlas Shrugged Revolution” dinner Thursday night in New York City.

In attendance were a number of financial luminaries and hedge fund managers, including Peter Schiff of EuroPacific Capital, John Tamny of RealClearMarkets, Dmitry Balyasny of Balyasny Asset Management and Scott Schweighauser of Aurora Investment Management.

The setting was the tony St. Regis Hotel on Fifth Avenue but there was nothing pleasant about the primary message coming from both the speakers and those in attendance: Western civilization is heading for hell and a hand basket, just like Rand predicted in her seminal novel.

In the accompanying video, ARI president Yaron Brook tells Henry why Rand’s devotees believe the global economy is “heading for collapse.”

In a nutshell, Brook believes politicians and policymakers have “no solutions” for the problems facing the globe....

Continue ReadingLeave a Comment
Inner Freedom Comes First: How to Combat Globalization and Prepare for Collapse Thumbnail

Inner Freedom Comes First: How to Combat Globalization and Prepare for Collapse

Posted on Sep 15, 2011 in Constitutional & Liberty Issues, Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

Kevin Hayden – TruthisTreason.net

Source: Alt-Market

Is freedom a place, or an idea? A state of society, or a state of mind? Does it begin around us, or within us? In today’s world of the all-you-can-eat sensory buffet, where every facet of life is a bit and a byte and a radio wave and a laser beam, most of humanity looks for all of its answers to such questions in the grand ether of the tumbling data stream. We see changes in the tapestry of cultural interaction as the final measure of national progression, or regression. We confuse forward sounding language with forward moving political transformation. We are mesmerized by the illusion of environmental appearance, and forget that the indelible root of all things outward is nurtured by that which lay within.

In America, in the midst of economic crisis and government driven moral hazard, millions of people are scrambling for “solutions”. The term is used rather haphazardly and often without proper context. There are, indeed, very evil men out there in the dark precipices of global infrastructure, and, these men often instigate very bad events. ...

Continue ReadingView Comments (1)
Economic Collapse Approaches – Preppers Shall Inherit the Earth Thumbnail

Economic Collapse Approaches – Preppers Shall Inherit the Earth

Posted on Sep 13, 2011 in Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan

This latest micro documentary from New America Now discusses the many problems facing modern day American society, namely the US Dollar, our country’s ever growing debt, rising prices and the crisis that will ensue as a result – and how you can survive and thrive.

So what are we to do?

There is a growing movement of people who are taking proactive steps to control their destiny. These people, dubbed “Preppers”, are people from all walks of life, all political persuasions, all ethnicities and races who have come to the conclusion that danger is in fact a likely reality in the near future. These people , by no means, have all the answers to the many problems that face us or a crystal ball to see into the future, but they are quite sure they should not leave their well being and the well being of their families in the hand of their less than competent leaders. They have seen the writing on the wall and prepare for the worst and hope for the best.

...

Continue ReadingView Comments (1)
Economist: 46 out of 50 States Are Insolvent Thumbnail

Economist: 46 out of 50 States Are Insolvent

Posted on Sep 13, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Economic Policy Journal

During a presentation today at the Adam Smith Institute, economist Kevin Dowd,  a visiting professor at the Pensions Institute, Cass Business School in London, told his audience:

Fiat money is entering its death spiral…

Banks use crooked accounting methods to hide losses and enrich employees with bonuses. It’s another form of looting…

At least 46 out of 50 US states are insolvent.

What’s behind Dowd’s thinking? He wrote this last December:

Sooner rather than later, it will dawn on investors that Treasuries are over-valued and confidence in the Treasuries market will crack: one possibility is that rising inflation expectations or higher deficits will then push up market interest rates, causing bond prices to falter and then fall; an even more imminent prospect is that some combination of the Fed’s quantitative easing and yawning Federal budget and U.S. balance of payments deficits will cause a further decline in the dollar that makes foreign holders of Treasury bonds lose confidence in their investments. In either case, there is then likely to be a rush to the exits – a flight from Treasuries on a massive scale – forcing up interest rates in general and inflicting heavy losses on bondholders, especially on those holding long-term bonds.

...

Continue ReadingView Comments (1)
Celente Forecasts Winter of Discontent; October Will Be Month of the Big Unraveling Thumbnail

Celente Forecasts Winter of Discontent; October Will Be Month of the Big Unraveling

Posted on Sep 10, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan

Leading trend forecaster Gerald Celente, of the Trends Research Institute, discusses a host of issues and topics with Infowars Nightly News host Alex Jones. Among other things, Celente says he’s never seen a summer like 2011, and warns that this Winter will not be a good one for Americans:

Gerald Celente On Collapse and Depression:

When is it going to collapse? As I’ve said, I’ve never seen a summer like this. I think we’re going to see the Winter of Discontent… You’re going to start seeing an unraveling more and more every day as you watch the news. So, October is my month, and it’s only a guesstimate, that we’re going to see the big unraveling.

Even if it doesn’t happen in October, because you don’t know what phony schemes they’re going to come up with, it’s going to happen eventually. And, that’s why I’m fully invested in gold.

Look at housing. How many times did they say the real estate market is turning around. It’s worse. It’s worse than it was during the Great Depression, and it’s only going to get worse.

...

Continue ReadingLeave a Comment
Phrase of the Day: “Civil Unrest” – It’s Here and It’s Spreading Thumbnail

Phrase of the Day: “Civil Unrest” – It’s Here and It’s Spreading

Posted on Sep 07, 2011 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers

Kevin Hayden - TruthisTreason.net Source: SHTF Plan.com - by Mac Slavo It already happened in Greece. It’s happening in Italy and Spain, and the contagion of unrest is spreading rapidly. The German Supreme Court may have solidified a future for Europe plagued with violence and riots with their decision today to allow lawmakers to move forward with bailout packages for the EU. The Germans, who are by all measures the richest of the union and have the strongest economy (at a whopping 0.1% GDP growth), are now the backstop for the entire $16 Trillion European Union economy – and they’re not happy about it. While protests outside of Germany will flame because of proposed austerity measures and a destruction in the quality of life of the people in places like Italy, Spain, the res

Continue ReadingLeave a Comment
The Strategic Advantages of Community Building Thumbnail

The Strategic Advantages of Community Building

Posted on Sep 06, 2011 in Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

Kevin Hayden – TruthisTreason.net

Source: Alt-Market

The year was 2002, and while the majority of Americans were completely obsessed with the so called “War On Terror” and other devices of distraction, something much more real and decidedly prophetic was going on in our southern hemisphere. Argentina was in the midst of total collapse, driven by banker fraud and extreme currency devaluation in tandem with government mismanagement and corruption.

First, cities exploded with rioting and violence as Argentinian police and military attempted to crush all dissent. Soon after, displaced refugees from population centers along with roving bands of thieves flooded into the countryside, wiping out isolated farms, murdering families, and hunting down any small group of survivors weaker than themselves and flush with supplies. The authorities (and I use the term loosely) were too busy trying to suppress civil protests to bother protecting those who were caught unprepared.

This behavior is part and parcel of economic destabilization, regardless of the time or place in which it occurs. Only nine years ago, a very modern and technologically savvy nation of people, nearly cannibalized itself. ...

Continue ReadingView Comments (1)
The Worst is Yet to Come – Inflationary Depression, Real Estate and QE3 Thumbnail

The Worst is Yet to Come – Inflationary Depression, Real Estate and QE3

Posted on Sep 04, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden - TruthisTreason.net Source: SHTF Plan by Mac Slavo Economist Bob Chapman, of The International Forecaster, has long advocated precious metals as one of the few wealth preservation assets against a wave of destruction that will wipe out everything from stocks, to bonds, to the US dollar itself. In his latest interview with the Corbett Report, Chapman shares his views on what to expect over the next several months: The Federal Reserve knows that they can’t solve the problem. They have instructions to carry this thing out as far as they can, or until the powers behind government decide to pull the plug, so to speak. … One of the things you have to notice here, and this is pure psychological warfare, and if you’re not trained in it you don’t know what these

Continue ReadingLeave a Comment
Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy Thumbnail

Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy

Posted on Sep 01, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge by Zeus Yiamouyiannis, Ph.D.

Finally, serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

“On a grand scale the only way to erase counterfeit money and (counterfeit) assets of hundreds of trillions of dollars is to erase the debts associated with those fake assets. (Let me underscore again, these are not “toxic” assets, they are fake assets.)… Forgiveness in general, and forgiveness of debt in particular, stand as virtues if they free us up to acknowledge, address, and learn from our culpability, start anew, and create forward.” (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure (January 29, 2011)

Debt forgiveness, therefore, accomplishes two important things. It eliminates the increasing and outsized portion of productive enterprise to pay off unproductive obligations, and it clears the ground for new opportunities, new thinking, invention, and entrepreneurialism....

Continue ReadingLeave a Comment

25 Reasons the Finance World is About to Hit the Panic Button

Posted on Aug 31, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: The Economic Collapse

The following are 25 signs that the financial world is about to hit the big red panic button….

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers?  Shares of Bank of America have fallen more than 40% over the past couple of months.  Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over.  In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall.  A recent article in the New York Times detailed some of the carnage….

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass....

Continue ReadingLeave a Comment
web counter