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Head of the World’s Biggest Hedge Fund Sees “Economic Collapse” Due to Money Printing, Early 2013

Posted on Jul 19, 2011 in Economic News, Featured Articles, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio – head of the world’s biggest hedge fund, Bridgewater.Dalio’s fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge – Dalio believes that future inevitable money printing will “lead to a collapse in currencies and bond markets.” Dalio is even kind enough to give a time frame. “I think late 2012 or early 2013 is going to be another very difficult period.” He is, to say the least, quite diplomatic....

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The Fed is Approaching the End Game… Are You Ready? Thumbnail

The Fed is Approaching the End Game… Are You Ready?

Posted on Jul 12, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Gains Pains Capital

The financial world seems to think that because Greece accepted another bailout we’ll be off to the races in the markets.

Aside from how absolutely moronic this view is (how’d the first Greek bailout work out? And it was what 12 months ago?), we have to consider the backdrop against which this particular tragic-comedy is playing out.

The consensus view from the mainstream financial media and 99% of fund managers is that liquidity and access to loose money from central banks will keep things afloat.

However, reality shows this not to be the case… at all. Consider for instance the impact of the Fed’s money pumps.

For starters, as a back of the envelope analysis, consider that in 2007 when the credit markets first jammed up, the Fed resorted to providing emergency money pumps of $30 billion or so.

By June 2008, the Fed had done this 14 times to the tune of $200+ billion. Then came the $700 billion bailout in November 2008.

So by the end of 2008, the Fed had put in nearly $1 trillion in capital to the markets....

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Car Sleepers – The New American Homeless

Posted on Jul 11, 2011 in Alt Energy, Tiny Homes, & Structures

TruthisTreason.net – Kevin Hayden

Source: BBC

Santa Barbara boasts a classic laidback California lifestyle, with uncongested beaches, wholesome cafes and charming Spanish-style architecture.

Of course there’s a hefty price tag: nestled between the gentle Santa Ynez mountains and the inviting Pacific Ocean are multi-million dollar homes.

But in this sun-washed haven of wealth, many live far from the American dream.

In a car park across the street from luxury mansions, the evening brings a strange sight.

A few cars arrive and take up spaces in different corners. In each car, a woman, perhaps a few pets, bags of possessions and bedding.

Across the street from homes with bedrooms to spare, these are Santa Barbara’s car sleepers.

Homeless within the last year, they are a direct consequence of America’s housing market collapse.

4×4 homes

In this woman-only parking lot, Bonnee, who gives only her first name, wears a smart blue dress and has a business-like demeanour.

A year ago, she was making a healthy living as, ironically, a real estate agent. But when people stopped buying houses, her commission-based income dried up, and, like many clients, she too was unable to pay her mortgage....

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Geithner: “[For a Lot of People] It’s Going to Feel Very Hard, Harder than Anything They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Thumbnail

Geithner: “[For a Lot of People] It’s Going to Feel Very Hard, Harder than Anything They’ve Experienced in Their Lifetime Now, For a Long Time to Come”

Posted on Jul 11, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Washington’s Blog

AP notes:

Many Americans will face hard times for a long time to come.

***

Geithner says will be some time before many people feel like the country is recovering.

Geithner tells NBC’s “Meet the Press” that it’s a very tough economy. He says that for a lot of people “it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for a long time to come.”

Of course, Geithner is a large part of the reason that it will be so hard.

As I pointed out in May:

Geithner has been a big part of the problem.

He’s previously said that his job as head of the New York Fed wasn’t as a regulator, even though one of the Fed’s core jobs is to regulate. As Dylan Ratigan writes:

In Geithner’s own words during confirmation hearings in March: “First of all, I’ve never been a regulator…I’m not a regulator.” According to the New York fed bank’s Web site, that was your job!!Quoting from the Fed’s website: “As part of our core mission, we supervise and regulate financial institutions in the Second District.” That district of course is the epicenter for bailed out banks and billion dollar bonuses.

...

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CIA Report: United States Account Balance – Negative $561 Billion Thumbnail

CIA Report: United States Account Balance – Negative $561 Billion

Posted on Jun 23, 2011 in Alphabet Agencies & Operations, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Central Intelligence Agency (CIA)

The Central Intelligence Agency often reports interesting tidbits in their online publication, The World Factbook.  A reader sent me a link pointing towards the “current account balance” of all the countries in the world.  The entry records a country’s net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified.

Guess who is in the lead?  And guess who it towards the bottom?

China leads the world by a long shot, with Greece, Portugal and other EU countries such as France bringing up the tail-end (hence, the austerity measures, riots, etc).  Of course, as we all guessed it; the United States is in dead last place with a total account deficit of around $561 Billion.  And these are the 2010 figures.  At this rate, we will soon be into the trillions, if not already.  Depending on what part of 2010 these figures are from, it could be close to 18 months old....

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Collapse: It’s Coming. Are You Prepared? Thumbnail

Collapse: It’s Coming. Are You Prepared?

Posted on Jun 16, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Gerald Celente

Everything is not all right. And things are going to get worse … much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor’s edge.

Not so, say world leaders and mainstream media experts. Yes, there are problems, but the financiers and politicians are aware of them. Policies are already in place and measures are being taken to correct them.

Whether it’s failing economies, intractable old wars or raging new wars, the word from the top always maintains that steady progress is being made and comforts the populace with assurances that the brightest minds and the sharpest generals are in charge and on the case. On all fronts, success is certain and victory is at hand. Only “patience” is required … along with more men, more time and more money.

As far as these “leaders” and their media are concerned, the only opinions that count come from a stable of thoroughbred experts, official sources and political favorites. Only they have the credentials to speak with authority and provide trustworthy forecasts....

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Perception, American Austerity and Financial Terrorism

Posted on Jun 03, 2011 in Constitutional & Liberty Issues, Economic News, Featured Articles, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: The National Pulse

“And if you gaze for long into an abyss, the abyss gazes also into you.”
-Friedrich Nietszche (Philosopher, 1844-1900)

Truly, a lot is happening. As Spring became Summer, America has legislated its way into a full-blown terrorist state. The currency is totally debauched. The US cannot borrow any more from its loan-sharking creditors, and is faced with austerity. Like surgeons, central economic planners are calibrating inflation all over the world to provoke reaction and harness the emotion produced from reaction. America’s debt limit has been reached, causing Treasury Secretary Tim Geithner to extend the final date of come-uppance to August 2, by raiding federal pensions. If you have a federal pension, or really any pension that you think you might have you may like to read that letter here.

Since the alleged raid and shooting death of an unarmed, multi-spoused bin Laden, the controllers of monetary policy and all their political, legal, and military tentacles that support that control sped into full gear. It will have been two years this summer since Timmy Geithner traveled to China and was laughed at when he spoke about the solvency of the U.S.

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Market Strategist: “We’re on the verge of a great, great depression”

Posted on Jun 02, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Margo D. BellerCNBC

Wall Street Baffled by Slowing Economy, Low Yields: Trader

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

“What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.
“We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake.”

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Global Financial Markets Tremble as Bad Economic News Continues to Pour in

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

TruthisTreason.net – Kevin Hayden

Source: Economic Collapse Blog

As the U.S. economy starts to slow down once again, global financial markets are beginning to tremble.  Over the past couple of weeks, all kinds of bad economic news has been pouring in.  The ADP jobs report was a “disaster”, the housing numbers are dismal, manufacturing has slowed way down and consumer confidence is dropping like a rock.  The Democrats and the Republicans are bickering over the debt ceiling and this is causing a lot of uncertainty as well.  All of this bad news is starting to spook investors.  On Wednesday, the Dow was down 279 points and the NASDAQ was down 65 points. It was the worst day of the year for the Dow, and many are wondering what is going to happen next if we see even more bad economic data.  QE2 is slated to end at the end of the month, and already the bond markets seem to be anticipating QE3.  If the U.S. economy enters another significant downturn during the second half of 2011, it seems quite likely that the Federal Reserve would attempt to do something to stimulate the economy and that would probably mean more money printing....

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Timothy Geithner Threatens Congress with Doomsday Scenario if Debt Limit Not Raised Thumbnail

Timothy Geithner Threatens Congress with Doomsday Scenario if Debt Limit Not Raised

Posted on May 10, 2011 in Constitutional & Liberty Issues, Featured Articles, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Hayden’s Note:

As you read this article, please keep in mind that just a short time ago, martial law was threatened on the Congressional floor if the bailouts didn’t happen.  Now, some say that was merely a Congressional ‘procedural term’ but I’m still up in the air about it.  Either way, know that certain elements of our system routinely employ intimidation to get what they want – Constitutional or otherwise.

Source: Money and Markets

Consider this doomsday scenario: Catastrophic impacts felt by every American.

A broad range of government payments stopped, limited, or delayed, including military salaries, Social Security, and Medicare payments, interest on debt, unemployment benefits, and tax refunds.

Sharply higher interest rates and borrowing costs, declining home values, and reduced retirement savings for Americans.

In sum, a financial crisis more severe than the crisis from which we are only now starting to recover.

My words? Not a single one!

They are all taken directly from a widely distributed Treasury Department letter dated exactly one week ago.

The letter is addressed to Speaker of the House John Boehner....

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Where to Live in Order to Prepare for the Coming Economic Collapse

Posted on May 03, 2011 in Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

TruthisTreason.net – Kevin Hayden

Source: Michael Snyder – Economic Collapse Blog

What is the best place to live in the United States?  I get asked that question all the time.  My answer can be summed up in two words: it depends.  The truth is that the answer is going to be different for each person.  All of us have different goals and different needs.  If you have a very strong network of family and friends where you live right now, you might want to think twice before moving hundreds or thousands of miles away.  If you have a great job where you live right now, you might want to hold on to it.  You should not just assume that you are going to be able to pick up and move to another part of the country and be able to get a similar job right away. 

Hayden’s Note:

While I have spoken at length regarding preparation for an economic collapse or similar disaster, I have not touched on where to live as much as I have how to prepare in your current sphere of influence. ...

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10 Economic Doomsday Trends Set to Destroy America

Posted on Apr 21, 2011 in Economic News, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Feeling like the daily dose of objective “truth” from Tim Geithner’s latest media circuit has got you down? Fear not: here is MarketWatch’s Paul Farrell summarizing the 10 ways in which the very system is destroying America, to lift your spirits up. To wit: “Doomsday Capitalism? Capitalism is killing America? Yes, that’s the message in my tenth book. “Doomsday Capitalism, 10 Self-Destructive Trends.” But you’ll never see it in print. No one, even book publishers want to read this truth: Capitalism is destroying America. Why? Super-Rich Capitalists get rich off these macro trends. They want happy talk. Back in 2007, Vanguard founder Jack Bogle called my warnings “prescient.” But that didn’t stop the meltdown. Next time financial historians warn of a bigger meltdown; a total collapse has been the destiny of every nation for eight centuries. This time, capitalism is the saboteur.” Cheerful stuff.

10 Doomsday trends America can’t survive

Capitalism has become a religion for the Super Rich, with many such “saviors.” Heresies must be denied, such as this one: Doomsday Capitalism is destroying America from within....

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The Dollar Will Collapse Within 3-4 Months

Posted on Mar 28, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The US Dollar’s inflationary death spiral continues. We’ve now taken out the 2010 low leaving only two more lines of support before we’re in completely uncharted territory.
At its current rate of collapse, the US Dollar will do this within the next 3-4 months. This means the greenback will break into a new all-time lows by 2H11, which will precipitate the coming inflationary collapse.

Small wonder then that both Gold and Silver recently hit new highs for their current bull markets. With the greenback dropping like a rock, and rumors of QE 3 swirling around the financial community, what sane investor would bet against inflation?

On that note, now is the time to be shifting capital into inflation hedges. Those who buy Gold and Silver will likely do very well in the coming months (my personal view is Gold will clear $1,500 and Silver $40 this year).

We’re also going to be seeing an increased wave of buyouts in the natural resources sector as larger firms look to increase their resources via mergers and acquisitions rather than spending the money to find and develop new mines....

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Investment Legends – “Dollar Collapse Inevitable”

Posted on Mar 23, 2011 in Economic News

Source: Casey Research

via Zero Hedge

What will happen to the U.S. economy and the dollar in the near term? Will inflation increase dramatically? What is the outlook for gold, and where should you put your money? BIG GOLD asked a world-class panel of economists, authors, and investment advisors what they expect for the future. Caution: strong opinions ahead…

Jim Rogers is a self-made billionaire, author of the best-sellers Adventure Capitalist and  Investment Biker, and a sought-after financial commentator. He was a co-founder of the Quantum Fund, a successful hedge fund, and creator of the Rogers International Commodities Index (RICI).

Bill Bonner is the president and founder of Agora, Inc., a worldwide publisher of financial advice and opinions. He is also the author of the Internet-based Daily Reckoning and a regular columnist in MoneyWeek magazine.

Peter Schiff is CEO of Euro Pacific Precious Metals (www.europacmetals.com) and host of the daily radio show The Peter Schiff Show (www.schiffradio.com). He is the author of the economic parable How an Economy Grows and Why It Crashes and the recent financial bestseller The Little Book of Bull Moves: Updated and Expanded....

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Possibly the Last Time to Get Out of the Dollar

Posted on Mar 15, 2011 in Economic News

Source: Sovereign Man 

It’s no secret that the United States government owes a pretty penny to foreigners. Certainly, what America owes to foreigners pales in comparison to what it owes to Ben Bernanke… but still, $4.45 trillion is no small number, even in these crazy times when terms like “kajillion bajillion” are more appropriate to quantify debt and entitlements.
 
China is the largest foreign buyer of US Treasuries with around $1.15 trillion in holdings… Japan is the second largest at around $886 billion.  Curiously, the trend for China has been down– the Middle Kingdom has been steadily reducing its position since peaking in October 2010. 

Japan, on the other hand, has been steadily increasing its Treasury holdings over the same period. Its government does have a long pattern of currency intervention, and there has been much grumbling in Tokyo about the effects of the strong yen on their exports. 

Fast forward to this past weekend. Earthquake. Tsunami. Volcano. Nuclear radiation. Japan clearly has other things on its mind right now than to continue financing the ongoing largess in Washington DC....

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