Archive of Economic Issues

Just In Time: When the Trucks Stop, America Will Stop with Catastrophic Consequences Thumbnail

Just In Time: When the Trucks Stop, America Will Stop with Catastrophic Consequences

Posted on Apr 04, 2012 in Alternative Energy & Architecture, Economic News, Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

Kevin Hayden – TruthisTreason.net

Source: SHTFPlan by Mac Slavo

Most Americans take for granted the intricate systems that make it possible for us to engage in seemingly mundane day to day tasks like filling up our gas tanks, loading up our shopping carts at the local grocery store, obtaining necessary medications, and even pouring ourselves a clean glass of water. When we wake up each morning we just expect that all of these things will work today the same way they worked yesterday. Very few have considered the complexity involved in the underlying infrastructure that keeps goods, services and commerce in America flowing. Fewer still have ever spent the time to contemplate the fragility of these systems or the consequences on food, water, health care, the financial system, and the economy if they are interrupted.

Hayden’s Note:

I’ve written extensively on this topic, and Mac’s report on Just in Time trucking hits the nail on the head.  Check out some of my past reports on the devastation and consequences we can expect when trucks stop rolling: Empty Shelves: Hurricanes, Disasters, and Civil Unrest – a Contingency Plan, along with Bartering, Inflation, and Growing a Garden

report prepared for legislators and business leaders by the American Trucking Associations highlights just how critical our just-in-time inventory and delivery systems are, and assesses the impact on the general population in the event of an emergency or incident of national significance that disrupts the truck transportation systems which are responsible for carrying some ten billion tons of commodities and supplies across the United States each year....

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Iran and the Petro Dollar: “Gold is Money” Thumbnail

Iran and the Petro Dollar: “Gold is Money”

Posted on Mar 25, 2012 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: Casey Research by Louis James

Economic crises signal that the current system isn’t working as expected and needs improvement. When it comes to monetary systems, questioning their fundamentals can lead to doubts about whether the preferred medium of exchange will continue to be preferred for long. The large-scale whirlwind of economic trouble around the globe has pushed some to rethink the role of gold in the economy – and to actually move toward bringing it back.

A month ago, a rumor that India is going to pay in gold for oil imported from sanction-struck Iran sent shockwaves through the markets. It was no small deal, both in principle and volume: India is one of Iran’s largest oil buyers, responsible for about 22 percent of total exports and worth about US$12 billion per year. China is next with 13 percent, and Japan is third with about ten. All of them are having a hard time dealing with Iranian oil imports, as the country is under sanctions caused by Western fears regarding its nuclear program.

Then an Israeli news site claimed exclusive knowledge of a possible workaround between India and Iran: settling the purchases in gold....

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Hayden’s Headlines – the Doomsday Bill, PETA, EMP Scares, and Syria Thumbnail

Hayden’s Headlines – the Doomsday Bill, PETA, EMP Scares, and Syria

Posted on Feb 26, 2012 in Global & National News

Kevin Hayden – TruthisTreason.net

Your Friday Headlines! And as usual, being posting late Saturday night / early Sunday morning!  Haha. Enjoy these latest headlines:

Ron Paul Visits Oklahoma – Huge Crowd of 1,700 Attends Speech (my own, painstakingly slow count!)

And Now… ‘State Department Quietly Warning Region on Syrian WMDs’ (Iraq redux?)

55 Interesting Facts About The U.S. Economy In 2012

USDA to Give Monsanto’s New GMO Crops Special ‘Speed Approval’ (Fast-tracking our demise, eh?)

Wyoming House advances Doomsday Bill…

NYT: US spies see no evidence of bomb… (in Iran)

Bill Maher pledges $1m to Obama’s SuperPAC… (shows you his priorities)

REPORT: PETA kills more than 95 percent of pets in its care… (killed nearly 2,000 cats and dogs, found adoption homes for only 24 animals in ALL of 2010. PETA has killed more than 27,000 animals since ’98. $37 million yearly operating budget. Wow)

MPs warn over nuclear space bombs and solar flares (EMP scares have been the catch-phrase of the entire week… notice that?)

Chart: ‘America’s Per Capita Government Debt Worse Than Greece

Photo credit: Steve Dickson...

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John Williams of Shadow Stats: “This is End of the World Type Stuff”

Posted on Feb 14, 2012 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Future Money Trends

John Williams of Shadow Stats says, “This is end of the world type stuff.”  He recommends stocking up on barter items and getting out of the US dollar. I’ve been saying this same thing for two and a half years. Read some of my other articles regarding investing in tangibles!

...

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UBS’ Advice on What to Buy in Case of Eurozone Breakup: “Precious Metals, Tinned Goods, Small Caliber Weapons” Thumbnail

UBS’ Advice on What to Buy in Case of Eurozone Breakup: “Precious Metals, Tinned Goods, Small Caliber Weapons”

Posted on Dec 08, 2011 in Economic News, Emergency Preparedness & Survival

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

Three months ago, Zero Hedge presented the first of many narratives that started the thread of explaining the “unmitigated disaster” that would ensue should the Euro break up, which in the words of authors Stephane Deo and Larry Hatheway, would leads to such mutually assured destruction outcomes as complete bank failure and/or civil war, or far worse.

Because if there is one thing the banks have learned in the aftermath of Hank Paulson, is that scaremongering when bonuses are at stake is the only to get taxpayer money to fund exorbitant lifestyles. Unfortunately, since the first UBS report, despite the best intentions of the status quo, the Eurozone’s plight has only gotten far, far worse, reaching a Lehman-like crescendo when the house of cards threatened to collapse if not for a last minute Fed rescue. However, as Deutsche Bank and every other bank knows well, that measure was merely a short-term fix.

Today, Larry Hataway has released yet another sequel to the original piece, focusing on this so very critical week for Europe, which as Olli Rehn said, must find a solution by Friday or see the EU “disintegrate”, in which the vivid imagery, loud warnings and level of destruction are even greater than before....

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Brokerage Firm Closes Doors, says “Your Money is Not Safe … the System Has Been Destroyed” Thumbnail

Brokerage Firm Closes Doors, says “Your Money is Not Safe … the System Has Been Destroyed”

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

Kevin Hayden – TruthisTreason.net

Source: Sovereign Man by Simon BlackTruth Contributor

Your Monies and Positions Are Not Safe

Denver based Barnhardt Capital Management is a futures brokerage firm that focuses on agriculture, round-the-clock broker access, and inexpensive commissions. At least, it used to be.

Barnhardt shuttered its operations yesterday after six-years in the business. The firm’s founder Ann Barnhardt posted the reasons online for the entire world to see:

“I could no longer tell my clients that their monies and positions were safe in the futures and options markets, because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse.”

Hayden’s Note:

This is an excellent article and I recommend that you read it in its entirety.  If you are unsure of what exactly it’s talking about, here are a few beginner articles that may help you understand derivatives and how dangerous they are to our financial existence.  Secondly, I would recommend that you read up on “fractional reserve banking.”
These are easy to understand once they are translated into layman’s terms, so don’t worry.  Once you grasp the concept, this article, and many more economic and financial pieces will begin to terrify you.  My aim is nor to fear-monger, but the magnitude of this is almost unfathomable and the last line of this article, that last quote, is absolutely true – and that goes for not only financial markets, but society....

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Imminent Threat – The Breaking Point and Subsequent Street Riots Thumbnail

Imminent Threat – The Breaking Point and Subsequent Street Riots

Posted on Nov 16, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: Sovereign Manby Simon Black

Longtime readers know that I don’t spend much time in the United States; I usually swing by for a month or so each year to visit friends and family, and the period in-between visits can often stretch 6-months or more.

This is sufficiently long enough that I notice a lot of changes… some so drastic that they hit me in the head like a baseball bat.

For example, just last week when I was at Los Angeles International Airport, the police set up a checkpoint outside the main entrance as if we were in downtown Baghdad driving into the Green Zone.

IMG 0340 1024x768 Imminent Threat

And I couldn’t believe my eyes when, driving down Santa Monica Boulevard last Wednesday, I saw a police urban assault vehicle modeled after a US Army mechanized infantry fighting vehicle. It’s designed for one thing: maximum destruction.

It’s truly appalling how police forces across the country have become militarized. The concept of ‘peace officer’ no longer exists. Police are now paramilitary forces who only protect and serve the political class....

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Leading Headlines – Economic Armageddon, Municipal Bankruptcy, War with China, Gold, and 11.11.11 Thumbnail

Leading Headlines – Economic Armageddon, Municipal Bankruptcy, War with China, Gold, and 11.11.11

Posted on Nov 11, 2011 in Economic News, Global & National News, Police, Military, & War
Deafening Media Silence on ‘Bank Transfer Day’ Success, 650k Accounts Transferred to Credit Unions Thumbnail

Deafening Media Silence on ‘Bank Transfer Day’ Success, 650k Accounts Transferred to Credit Unions

Posted on Nov 07, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: MSNBC

The big banks are keeping quiet about whether customers are switching to non-profit credit unions this weekend as part of the Facebook-propelled “Bank Transfer Day” protest.

In Los Angeles, organizers predicted that thousands would move their accounts from the big commercial banks, but it was unclear how many actually did.  An estimated 650,000 consumers have transferred $4.5 billion from banks to credit unions since the end of September.

Hayden’s Note:

While I think this is great, this isn’t something to get wildly excited about.  I mean, it’s better than using Bank of America or Chase, but you’re still utilizing the system.  Whether you’re super-stoked or mildly amused by this action, I think it’s headed in the right direction.  Hopefully it continues to manifest itself into waking people up to even bigger issues!

Doug Allen moved the bulk of his and his wife’s savings to Partners Credit Union in Burbank, which has added some 600 new accounts recently and took the unusual step of opening its doors on a Saturday.

“I’ve [been] meaning to do it for awhile, so when I saw this event today, I thought, ‘That’s the perfect reason to finally do it,’” Allen said....

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Peter Schiff Takes On ‘the 99%’

Posted on Oct 27, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc., went to Zuccotti Park and took on Occupy Wall Street protesters and MRCTV caught some of the action.

Note to the Socialist and Collectivist members (those who believe in wealth redistribution and condemn private property rights) of the Occupy Movement: If you’re going to try and debate someone as like Peter Schiff on economic matters, arrive with more than recitations and talking points and please, please have a better response than simply, “…repeal the Bush tax cuts!” for every single question.

(Schiff can hardly get a word in at times.)

Video courtesy of  http://mrctv.org/videos/peter-schiff-takes-99...

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Leading Headlines Thumbnail

Leading Headlines

Posted on Oct 25, 2011 in Global & National News
Lamestream Media: Gold is Backed by Nothing, Unlike the US Dollar, Which is Backed by Government Thumbnail

Lamestream Media: Gold is Backed by Nothing, Unlike the US Dollar, Which is Backed by Government

Posted on Sep 29, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: YouTube & SHTF Plan

I have no words to express the sheer lunacy of the following report:

There’s something else happening here. Some investors are not confident with what gold is backed by, or if it’s backed by anything at all, as compared to something like the US dollar. Investors are comfortable that the U.S. dollar is backed by the American government, so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve …that’s going to be around a year from now. That’s a much more comfortable investment for them.

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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....

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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....

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France Requires Gold & Silver Sales Over $600 Be Made by Credit Card, Bank Transfer Only (So They Can Track It) Thumbnail

France Requires Gold & Silver Sales Over $600 Be Made by Credit Card, Bank Transfer Only (So They Can Track It)

Posted on Sep 23, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: SHTF Planby Mac Slavo

A couple of weeks ago our report that some Austrian banks had begun restricting the sale of gold and silver to 15,000 Euro (~$20,000 USD) reportedly because of money laundering issues was met with disbelief by many readers of financial news and information web sites. As we mentioned in that commentary, it is our view that governments, namely in Western nations, are making it more difficult for individuals to make gold purchases, as well as to do so anonymously.

It looks like this trend of restricting the peoples’ ability to acquire assets of real monetary value is expanding. If a recent report from France is accurate, and based on the French governments official web site it looks like it is, then as of September 1, 2011, anyone attempting to sell or purchase ferrous or non-ferrous metals, which includes gold and silver, will be required to pay for their purchase via a credit card or bank wire transfer if it exceeds 450€ (~ $600 USD):

Here is the applicable French law via www.legifrance.gouv.fr and translated into English by Google Translate:

Article L112-6
Amended by Law n ° 2011-900 of July 29, 2011 – art.

...

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Hayden’s Note on the Dollar, Gold Prices and the Fed Thumbnail

Hayden’s Note on the Dollar, Gold Prices and the Fed

Posted on Sep 22, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

I was speaking to several close friends about two weeks ago regarding our current economic situation.  They had asked my opinion on what the short-term forecast would be and I laid out the fact that gold would be going back down to $1,730-1,750 per ounce on Dollar vs. Euro fears, Federal Reserve actions and the Euro debt debacle (gold is currently sitting at $1,727).  I recommended that they use that oppurtunity to purchase more precious metals, including silver bullion.  Even with shipping, delivery or dealer fees, they could easily profit from the purchase within a very short time (mid-October?).

This dip in metals’ price is (in my opinion) mostly attributed to yesterday’s announcement by the Federal Reserve of ”Operation Twist” (not totally unlike quantitative easing).  The Federal Reserve plans to flatten the yield curve of the US Treasuries by selling short-term bonds in order to buy long-term bonds.  Coupled with Euro fears, Greek bailouts and more, the stock markets plunged while the Dollar rallied strongly against the Euro.  Currently, the Euro markets are being slaughtered.  The “part-time” gold-buyers jumped ship and fled to the Dollar in order to make a profit and falsely consider themselves hedged against trouble.  This is what I call a False Dollar Rally… similar to the Sucker Rally that occurs almost weekly in the stock market....

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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.  Yet there’s no documented proof or empirical evidence that supports the notion that this can grow the economy.  Moreover, simple logic shows it actually shrinks the economy. 

When the heavy hand of government directs borrowed money into activities it favors, it diverts money from the private sector and starves the economy of capital.  What’s more, the activities the government favors, like bridge building and school construction, don’t add productive self-supporting jobs to the economy.  So when the money runs out the economy falls flat on its face....

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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....

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The US Debt in Easy to Understand Numbers, Ratios and Pictures Thumbnail

The US Debt in Easy to Understand Numbers, Ratios and Pictures

Posted on Sep 04, 2011 in Economic News

Kevin Hayden - TruthisTreason.net

Originally published Jul 18, 2011 @ 16:00

I was listening to Dave Ramsey on the radio this afternoon, and he made an excellent point regarding the national debt.

If you don’t know who he is, I encourage you to check out his AM radio show.  He is essentially a debt-advice sorta guy and makes a lot of really good, commonsense recommendations in order for average Americans to find financial peace.  Typically, someone calls in and offers their problem; how much they owe in debt, their household income and spending levels, etc.  His website describes him as, “the host of a nationally syndicated radio program discussing personal finance topics. Strongly emphasizes reducing, avoiding, and eliminating debt.”

Well, Mr. Ramsey crunched some numbers that reflect the US national debt, reduced it by ratios, and attacked it in the same manner as he does his usual callers with debt problems.

He determined that the United States could be compared to someone making $58,000 a year, but spends $75,000 and has over $325,000 in credit card debt.

The latest “answer” to the federal deficit and the much-ado about nothing “spending cuts” equal that same $58,000 earner cutting his spending down to $72,000 per year and cheering about it....

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Workers Comp for Babysitters and 20 Other Reasons Why California is Stupid

Posted on Sep 02, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: The American Dream

Is there any other state that is as stupid as California?  Unemployment in California has been sitting at about 12 percent for an extended period of time, and yet they continue to push businesses out of the state by imposing thousands of ridiculous regulations on them and by taxing them into oblivion.

Now California is even requiring workers comp for babysitters and paid vacation for nannies.  How insane is that?  The state government in Sacramento is flat broke and drowning in debt and yet they continue to spend gobs of money on some of the most frivolous things imaginable.

Poverty and crime are everywhere, yet California continues to pass legislation that encourages even more illegal immigrants to come in.  Unless you have a really, really good reason to stay in the state, it seems rather stupid to stay in California at this point.  The economy is in shambles, home prices continue to fall, traffic is worse than ever, crime is rising and poverty is everywhere.  Meanwhile, entire portions of the state could be leveled by the next big earthquake at any time.  So why in the world would anyone still want to live in California?...

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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....

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10 Lessons from People Who Lived Through the Great Depression

Posted on Aug 31, 2011 in Emergency Preparedness & Survival

Kevin Hayden – TruthisTreason.net

Source: Business Insider

It isn’t difficult to see shades of the Great Depression in the Great Recession, and in today’s volatile economy.  High unemployment, staggering debt, and a volatile stock market that worries many.

Still, the hardship of the late 1920s and the 1930s has yet to be replicated on such a grand scale. The 25% unemployment rate was a reality back then. But corners were cut, ends were met, and the generation that lived through it still stands as a testament to getting past tough times.

Some of the men and women of the Great Depression are still around today, and perhaps it’s time to turn to them for inspiration.

Here’s a list of 10 ideas that were formed during that era that may help us recover, as well as remind us that hey, it could be worse.

Click here to learn about our most resilient citizens > in a series of photos and brief stories....

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Moody’s Economist: People Are Shellshocked, Nervous

Posted on Aug 30, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: SHTF Plan by Mac Slavo

Economists and analysts have said that fear is building as the possibility of another recession looms. We certainly wouldn’t disagree with the fear factor, but we maintain our position that the recession, which began in 2008, never really ended. Mainstream economists will argue, fruitlessly, that positive GDP growth over the last two years proves the recession ended, but as was pointed out in Global GDP Growth Numbers are Fictitious, the official statistics fail to account for the real rate of inflation. When you count the rise in prices across the board, we’re in recession – and we’ve been there since at least 2008.

But, for the sake of argument, we’ll humor the mainstream, and give them the “official” position, which says that fields of green shoots spread across the country in the summer of 2009, and continued to bloom throughout 2010 as the stock market came roaring back. (We won’t mention falling real estate prices, record foreclosures, rising unemployment, an expanding food stamp participation rate, destruction of personal credit and overwhelming national debt – no, we won’t mention those –  just focus on stock markets and GDP, please, because we need to think like the experts.)

As experts, we would then be looking at the one and only factor that really means anything – and that’s consumption....

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Billionaire Investor Jim Rogers Throws His Support Behind Ron Paul

Posted on Aug 28, 2011 in Political Issues

Kevin Hayden – TruthisTreason.net

Source:

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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Surviving Financial Collapse and the Reversion to the Local

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

Kevin Hayden – TruthisTreason.net

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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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 – TruthisTreason.net

Source: Mises.org 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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CNN, Economist & Physicist Say Fake Alien Invasion Could Revive Depressed Economy

Posted on Aug 16, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Cryptogon

The al-Qaeda (All-CIA-duh) swindle isn’t working, so why not double down and shoot for the stars?

Via: CNN Clip on YouTube:

Paul Krugman wants to create a Keynesian-infused Space Alien Economic Bubble to revive the depressed one we have right now.

 

 

And from the IntelHub:

Dr. Michio Kaku, renowned physicist, author and the apparent mouth piece for the scientific dictatorship that is the NWO, talks on the corporate media about the likely hood of an alien invasion.

Project Blue Beam is a very controversial subject and concerns the government carrying out a fake alien invasion to forward the agenda of creating their much sought after One World Government.

What better way to make the people surrender the last of their rights and freedoms then to be presented with an unbeatable enemy from another world??

The fact that Michio Kaku is on the corporate controlled media talking about it is enough to ring the alarm bells.

People watching this video and reading this quick article may well laugh at the mere suggestion of such a thing but i can tell you one thing, the elites that would carry it out sure as hell take it seriously.

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Gerald Celente: Economic Martial Law Will be Declared

Posted on Aug 08, 2011 in Political Issues

TruthisTreason.net – Kevin Hayden

Source: SHTF Plan.com 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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Market Bloodbath – August 4th, 2011 Summed Up Thumbnail

Market Bloodbath – August 4th, 2011 Summed Up

Posted on Aug 04, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The guys (and chick!) over at Zero Hedge summed up the business day in a short, sweet fashion -

The Dow is down more than 500. The S&P is down 60. The VIX surges 35% to 32 the highest since June 2010. Implied correlation surges to the highest since last summer. ES volume surges to the highest since the flash crash. Europe is opening in 12 hours. Margin debt is near record high levels, and mutual funds have record low cash. Liquidations galore. Did we miss anything?

Here are a few other links from the Drudge Report if you’re bored…

DOW PLUMMETS 512…
OBAMA HAS BBQ COOKOUT…
GAINS FOR YEAR GONE…
‘CORRECTION’…
PANIC RIPS THROUGH GLOBAL MARKETS…
Intervention fails to quell nerves…
‘NOT SINCE JIMMY CARTER’…
Military money on chopping block…...

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The Quiet Revolution: Latin America is Moving Away from Washington’s Influence

Posted on Aug 02, 2011 in Global & National News

TruthisTreason.net – Kevin Hayden

Source: Oil Price by John Daly – Truth Contributor

Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington’s influence.

This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians in Washington.

From Ecuador to Paraguay, Venezuela to Brazil, governments increasingly composed of representatives of the indigenous people, are more and more rebuffing Washington’s advice as they seek to determine their countries’ futures without undue interference from their giant North American neighbor.

Nowhere is this more evident than in Brazil, which after suffering decades of corrupt government and intermittent military dictatorship in 2003 elected Luiz Inácio Lula da Silva as president, who’s adroit and progressive policies until he relinquished the proposed last year have laid the foundations for the dramatic rise of Brazil’s economy....

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