Archive of Economic Collapse Archives | Page 4 of 7 | Truth is Treason

Billionaire Investor Jim Rogers Throws His Support Behind Ron Paul

Posted on Aug 28, 2011 in Political Issues

Kevin Hayden –


As the economy continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency.  Rogers’ views on both gold prices and the 2012 Presidency were addressed on August 27th in a comparison made between himself and economist Nuriel Roubini:

Jim Rogers thinks gold will double to at least $2,000 an ounce.  Economist Nouriel Roubini says that’s “utter nonsense.” As these well-known market personalities duke it out, they’re doing us a favor by highlighting a critical debate: Which is the bigger threat — inflation or deflation?), not to mention gold (to the amusement of such Keynesian soundbites recorded for posterity as the following: “Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense”), and especially inflation, was caught on tape voicing his endorsement of the only sane person who can possibly do something for this country.

“In this election if Ron Paul gets anywhere near the nomination I would certainly support him.  


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Market Crash ‘Could Hit Within Weeks’, Warn London Bankers

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

Kevin Hayden –

Source: Telegraph

A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets.

Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group’s implosion nearly three years ago.

Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday.  Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender’s bonds against default is now £343,540.

The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008, and shows the recent dramatic downturn in sentiment among credit investors towards banks.

“The problem is a shortage of liquidity – that is what is causing the problems with the banks. It feels exactly as it felt in 2008,” said one senior London-based bank executive.


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Martial Law, Economic Meltdown & Executive Orders

Posted on Aug 28, 2011 in Constitutional & Liberty Issues, Featured Articles, Federal Reserve & Bankers, Political Issues

Kevin Hayden –


Originally written Oct 18, 2010 @ 06:40

We have all watched in predicted horror as the financial infrastructure of America has been disassembled in a predetermined fashion by the likes of Goldman Sachs, the Federal Reserve and other Globalists.  There are a variety of reasons why this is happening, none of which we have the power to change or alter in time to save us.  Therefore, I will focus on what is to come and how we might handle it in order to survive it.

With the Federal Reserve actually suggesting that inflation might be the cure to the weak economy, massive unemployment numbers and a crashing dollar, one has to stop and ponder.  The chairman of the Fed, Ben Bernanke, was a child prodigy, scored a near perfect SAT score, focused his studies around the Great Depression and is a statistical genius.  So why is he so willing to abuse the Dollar and essentially sign the death warrant for America?

For several years, many prominent people have been predicting this exact scenario.  Gerald Celente, Ron Paul, Peter Schiff and others including the Web Bots Project, have detailed how this orchestrated financial implosion will occur. ...

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Empty Shelves: Hurricanes, Disasters and Civil Unrest – a Contingency Plan Thumbnail

Empty Shelves: Hurricanes, Disasters and Civil Unrest – a Contingency Plan

Posted on Aug 25, 2011 in Emergency Preparedness & Survival, Featured Articles

Kevin Hayden –

If you think that you’ll be able to simply drive to Wal-Mart or the grocery store and load up on food, water and supplies during an actual emergency, you are living in a fantasy world.  We now experience freak weather on a regular basis.  Oklahoma has experienced a record-breaking 53 days of 100+ temperatures, a massive hurricane is nearing Washington, DC and the New York City area, and NASA continues to amplify their warnings regarding solar storms disrupting our way of life.

Photo by James Spann - Trussville, AL Wal-Mart, Jan. 8, 2011

What if gasoline hit $5 a gallon and unemployment was still hanging around the current ~15%?  What if there were a few small protests that turned a bit violent – not even on the scale of what we see in Europe – but a few townhall meetings that get out of hand?  The level of comfort in this country is quickly sliding downhill and it will only take a few provocations, a few simple emergencies and all hell will break loose.  When it does, I hope that you have taken the time to at least have a 30 or 60-day food supply, some water and basic neccessities (if not a full-blown food storage plan and the related tools, accessories and means to provide power, warmth and protection)....

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Surviving Financial Collapse and the Reversion to the Local

Posted on Aug 25, 2011 in Emergency Preparedness & Survival, Featured Articles

Kevin Hayden –

Source: Activist Post by Julian Rose

Read the daily news, even in a relatively mainstream newspaper, and you cannot fail to notice that an unprecedented event is unfolding in front of our very eyes; the simultaneous collapse of two of the World’s largest economies: the US and European Union.

Both appear to be teetering at the edge of a financial precipice and the great politico-bureaucratic machines that run the show – on both sides of the Atlantic – seem incapable of agreeing what economic medicine might keep this beast on the rails.

They, and we, are now learning that in a finite world no resource is infinite, least of all institutionalized financial wealth whose very existence is dependent upon interest payments made on capital lent to those who cannot sustain the levels of repayments demanded of them. In a ‘debt based’ economy (which ours is) all participants will ultimately end up losers.

We cannot know the exact timing surrounding the unhinging of a large sector of the global market place, but that some form of large scale collapse is imminent, there can be little doubt....

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Investing in Tangibles, Gold and Land: Advice from an Insider

Posted on Aug 23, 2011 in Economic News, Featured Articles

Kevin Hayden –

Many times, I’ve stressed the importance of getting into tangibles in order to preserve your wealth, if not increase it.  And several times, I’m been met with reader emails regarding their bullish confidence in the ponzi scheme stock market, paper investments or that I’m simply paranoid. 

Last year, I wrote several articles on what sort of tangibles to invest in, with the top items being precious metals, firearms and farmable land, along with the tools and implements to pioneer it.  It may sound a bit old fashioned or silly to some, but I tend to take notice when some of the top fund managers and investors are doing the same thing.  Since that time, the alternative and mainstream media have started to suggest getting into tangibles, as well.

And today, I had quite an interesting conversation with a large investor who will obviously remain nameless.  Aside from running this website, I work full-time for a medium-sized oil and gas firm that is quickly growing (without the use of fracking, I might add).  I have the occasion to speak with people ranging from market analysts to investors from Goldman Sachs and UBS, Credit Suisse and JP Morgan, all the way down to geologists, landmen and engineers. ...

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Paycheck of Last Resort: One Million New Applicants for Social Security

Posted on Aug 23, 2011 in Political Issues

Kevin Hayden –

Source: SHTF by Mac Slavo

The evidence is mounting, and the trend cannot be ignored. As Americans lose millions of jobs to foreigners and a collapsing economy, there is only one place left to go for a monthly paycheck. The government.

Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.

Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.

Claims for disability benefits typically increase in a bad economy because many disabled people get laid off and can’t find a new job. This year, about 3.3 million people are expected to apply for federal disability benefits. That’s 700,000 more than in 2008 and 1 million more than a decade ago.

New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts.


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Waffle House Economics: The Confession and Rehabilitation of a Financier Thumbnail

Waffle House Economics: The Confession and Rehabilitation of a Financier

Posted on Aug 22, 2011 in Economic News

Kevin Hayden –

Source: by Doug French

Imagine the good fortune of having a Waffle House within walking distance of home and the office. Yes, Waffle House number 1882 is one of the newest in the chain of over 1,600 stores. Strategically located within stumbling distance of Auburn’s downtown college bars, it’s attracted some of the most decorated wait staff in the chain.

On a sultry mid-morning trip to the restaurant, I noticed that my server’s name tag was cluttered with gold pens and a red star. When asked what it takes to get a red star, Andrea said, “Oh, it just means I can train people.” The gold pins? “I’ve been here a long time,” she said, before turning to the shift manager, asking if they could please turn up the air. “Even the customers are complaining,” she said in a low but authoritative tone.

Hayden’s Note:

This is a really great read.  I highly suggest not only reading this review, but check out the book itself.  Highly entertaining while offering an easy to digest – no pun intended – explanation of the inside world of banking, finance and capital....

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BofA Warns Upcoming “Desperate Measures” by Authorities Will Result in Another 2008 Market Collapse

Posted on Aug 22, 2011 in Economic News

Kevin Hayden –

Source: Zero Hedge

Last week we had Citigroup warning that the market bottom is about to fall out, as the Fed is more than likely to disappoint already very lofty expectations (according to various estimates from both Goldman and the second Tier banks, i.e., all of them, the market has priced in roughly $500 billion in QE3 already).

Today, Bank of America, which may or may not be with us much longer, has taken this desperate alarmism several notches further, and is warning that due to the gridlock in both the fiscal (“fiscal authorities have bombarded the markets with a quadraphonic message of hopelessness”) and monetary (“the Fed is out of bullets anyway”) stimulative pathways, the likely outcome of anything from DC will be nothig short of a disaster.

To wit: “rather than a repeat of 2010, when the Fed saved the day with QE2, we think we are moving closer to a repeat of 2008, when major policy errors devastated the economy.”  For once we actually agree with Bank of America: “In our view, the pressure to “do something” is now far more likely to result in more desperate or radical measures, even if it is bad policy.” Does this mean that we are looking at a TARP “vote down” market reaction this Friday if indeed the chairman disappoints?...

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10 Signs That Economic Riots and Civil Unrest Inside the United States is a Possibility

Posted on Aug 15, 2011 in Emergency Preparedness & Survival – Kevin Hayden

Source: Michael Snyder – Truth Contributor

You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble.  We have raised an entire generation of young people with an “entitlement mentality”, but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to. 

If you are under 30 in America today, things look really bleak.  The vast majority of the good jobs are held by people that are older, and they aren’t about to give them up if they can help it.  It is easy for the rest of us to tell young Americans to “take whatever they can”, but the reality is that there is intense competition for even the most basic jobs.  For instance, McDonald’s recently held a “National Hiring Day” during which a million Americans applied for jobs. 


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Gerald Celente: Economic Martial Law Will be Declared

Posted on Aug 08, 2011 in Political Issues – Kevin Hayden

Source: SHTF by Mac Slavo

In his latest quarterly Trends Journal (Summer 2011), Gerald Celente provides us another “history of the future,” in which he discusses global economic, monetary, and political events as they happen and what their consequences will be for months, years and decades to come. As he has said before, it is only a matter of time before a major terror attack is executed in a major Western nation. And once it happens it will send shock waves throughout the world, leading to mass global panic and a further tightening of the noose around the necks of the populace:

What will another major terror strike mean? Should an attack hit one of the major NATO nations, the effects, this time, will go global. Bank holidays will be called, the US and other fragile economies will crumble, gold and silver will soar, and already-troubled currencies will crash. Economic martial law will be declared. Introduced as a temporary measure, once in place it will remain in place (like the curfews and draconian security precautions installed by despots and dictators everywhere).


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Global Reboot, Financial Meltdown and Riots

Posted on Aug 08, 2011 in Economic News – Kevin Hayden

Here is a round-up and summary of some of the more important financial and economic articles over the last few days.  Prepare accordingly.  I hope that you took my advice, and others’, and have already moved some of your investments and cash into tangible goods.  Had you purchased $1,000 worth of gold ONE year ago, you would have not only PRESERVED your $1,000, but gained another $406.  If you purchased $1,000 worth of silver one year ago, you would now have $2,270 in your hand.  What did your stock do?  Has your mutual fund done that?  Absolutely not.  And if you left it in a savings account, you saw gains of a few dollars.  Get into tangibles in order to preserve and increase wealth.

Mark Faber: Brace for a Global ‘Reboot’ and a War

Markets could rebound after Thursday’s global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report, told CNBC Friday....

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A Look at the Past: All Fiat Currencies Collapse and Fail Thumbnail

A Look at the Past: All Fiat Currencies Collapse and Fail

Posted on Aug 02, 2011 in Economic News, Featured Articles – Kevin Hayden

Source: Casey Research & Big Gold by Jeff Clark

In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.

History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.

BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!

You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.

As you scroll through the currencies below, you’ll see some long-ago casualties....

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How the Two-Party Oligarchy Uses the Democrat Vs Republican Charade to Loot the Country

Posted on Jul 28, 2011 in Featured Articles, Political Issues – Kevin Hayden

Source: David Degraw

First a note on the use of hyperbole: People often think I’m using hyperbole when I talk about “financial terrorism,” our descent into “neo-feudalism,” the “two-Party oligarchy,” our confirmed “banana republic” status or the fact that President Obama is a “bankster puppet.” I’m aware that most people will think I’m being overly extreme, but in these extreme times, all these terms are technical descriptions of our unfortunate political reality. Career wise, I would be better off, over the short-term, if I censored this harsh reality and used more delicate language, but I’m not interested in making a career out of this, or being accepted into some status quo supporting groupthink organization. I’m here to sound the alarm. So I have much respect for people who are also speaking bold truth to power, whatever the consequences may be. Fortunately, more people are starting to speak up.

Hayden’s Note:

Allow me to add: This entire “debt default” nonsense is very much the same thing.  It’s just a giant game of political wrangling.  We’re not going to default. ...

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America: Why Aren’t You Protesting?

Posted on Jul 27, 2011 in Constitutional & Liberty Issues, Political Issues – Kevin Hayden

Source: Oil Price by Andrew Smolski – Truth Contributor

As noted by Richard Heinberg on June 22nd, 2011, the media has lacked the ability to connect the economic situations in the Middle East and their uprisings to what is happening in Europe. I would avoid the word “Revolution” in the case of the Middle Eastern uprisings, seeing as no dramatic systemic changes have taken place, only the ousting of dictators. Same as I would avoid the words of social upheaval in the case of European protests, which have been quite calm and only demanding to maintain the social safety nets produced through years of labor struggle. Rather, the odd occurrence is the ostensibly quiet population of the United States who are in many cases having the same economic problems and austerity based government solutions. This is a place where the media does want to ask the public the question, “Why aren’t you protesting?”

Effectively in the United States the labor movement has been dismantled over 30 years through multiple policies, the main one being “Right-to-Work” laws, which have left only 6.9% of private sector workers in unions, and 36.2% of public sector workers in unions....

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