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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

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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 Reasons to Become Self-Sufficient and 10 Steps to Help You Get There

Posted on Aug 28, 2011 in Emergency Preparedness & Survival, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Activist Post by Michael Edwards & Jeffrey Green

Additional content by Kevin Hayden

We are now three to five generations removed from the rural backbone that strengthened America.  The world at large has undergone a similar transformation as the promise of easier work has created a migration to big cities.  These mega-cities could be seen as an experiment gone awry, as general well-being has declined.  Crowded conditions and economic strife have led to rampant crime, pollution, corporate malfeasance and a dog-eat-dog type of competition that can be described as a temporary insanity.

The economic crisis we are living through has been the final straw for many people, as promises of a better, easier, and more creative life seem to have been sold to us by carnival-style tricksters who are laughing all the way to their bank.

Here are the top reasons for becoming self-sufficient; these are based on fundamental, systemic concerns for why undertaking this lifestyle change will not be a fly-by-night fad, but rather a long-lasting means for personal independence.

10 Reasons to Become Self-Sufficient

  1. Freedom from Market Manipulation – The traditional market-driven investment vehicles are more and more obviously controlled by traders and banking institutions.  
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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 – TruthisTreason.net

 

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

Posted on Aug 22, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

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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Hugo Chavez Demands Venezuelan Gold be Returned from Bank of England, JP Morgan

Posted on Aug 19, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Silver Doctors

We just reported that Hugo Chavez has nationalized the entire Venezuelan gold industry this afternoon.

Well, Hugo didn’t stop there, as latest headlines flashing indicate that Chavez has requested that the Bank of England return 99 Tons of Venezuelan gold held on deposit, and a total of 211 Tons of gold held abroad (WSJ).

For those with any knowledge of the cartel, you know where this is heading.

For those who don’t….the Bank of England currently stores 211 tons of Venezuela’s gold in the vaults of (per Bloomberg) JP Morgan, Barclays, and the Bank of Nova Scotia.

A last check of physical gold inventory in The Morgue’s vault showed a whopping 338,303 total ounces of gold…roughly 10.6 tons.

In an absolute shocker to all who follow gold and silver here, are we about to see the COMEX Gold market busted/default before COMEX Silver?

Look for gold to vault past $1800 in the access/Asian markets tonight when this news spreads. (It did)

If Chavez carries through with this ultimatum, look for Venezuela to receive the Gaddafi/Libyan treatment within the week....

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SEC Whistleblower Exposes Wall Street Crimes, Destroyed Records

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

Kevin Hayden – TruthisTreason.net

Source: Rolling Stone

Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – “Hey, chief, didja know this guy had two wives die falling down the stairs?” No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.

That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG.

...

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Former Fed Chairman Greenspan: No Default, US Can Print Money to Pay Debt

Posted on Aug 08, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: CNBC

Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P’s decision to downgrade America’s credit rating.

“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default” said Greenspan on NBC’s Meet the Press.

Hayden’s Note:

Do I even need to comment on this topic? 

“What I think the S&P thing did was to hit a nerve that there’s something basically bad going on, and it’s hit the self-esteem of the United States, the psyche” said Greenspan

Austan Goolsbee, the chairman of the White House’s council of economic advisors, hit out at S&P on the same show, insisting the credit ratings agency had got its math wrong.

Continue Reading at CNBC – ...

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Iceland Citizens Tell International Bankers They Won’t Repay Them, Again

Posted on Aug 01, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: The Intercept

The people of Iceland have now twice voted not to repay international debts incurred by banks, and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies?

The small island of Iceland has lessons for the world. It held a referendum in April to decide, more or less, whether ordinary people should pay for the folly of the bankers (and by extension, could governments control the corporate sector if they depended on it for finance). Sixty percent of the population rejected an agreement negotiated between Iceland, the Netherlands and the UK to pay back the British and Dutch governments for the money they spent to recompense savers with the failed bank Icesave. That was less resistance than the first referendum last spring, when 93% voted no.

The referendum was significant since European governments, pressured by speculators, the IMF and the European Commission, are imposing austerity policies on which their citizens have not voted. Even devotees of deregulation are worried by the degree of the western world’s servitude to unconstrained financial institutions....

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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

TruthisTreason.net – 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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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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Gold Hits Record After Fed and White House Unleash Economic Terrorism – Hayden’s Note

Posted on Jul 14, 2011 in Economic News, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Bloomberg

Gold advanced to records in London and New York as concern about more U.S. economic stimulus and debt woes in the country and Europe boosted demand for the metal as a protection of wealth.

The dollar fell against six major currencies after Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to take additional action, including buying more government bonds (from Goldman Sachs at a higher price than if buying from the Treasury Dept!), to boost the economy. Moody’s Investors Service said the U.S. may lose the Aaa credit rating it’s held since 1917, while Fitch Ratings slashed Greece’s rating and said that a default is a “real possibility.”

Hayden’s Note:

The Dollar ALWAYS seems to fall after Bernanke opens his mouth.  But in regards to this “debt default” nonsense, I have to offer a few words.  The Treasury and White House Administration are trying to scare Americans into thinking this “default” would be bad for America, that SS checks won’t go out the day after and that Moody’s is going to downgrade our credit.  ...

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What IS Money? Fed Chairman Bernanke says, “Gold isn’t Money”

Posted on Jul 13, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Federal Reserve Chairman Ben Bernanke faced off with economic genius Representative Ron Paul during his monetary policy report to Congress on Wednesday.  The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold.

“Gold isn’t money,” Bernanke said.

in part from Infowars.com

Hayden’s Note:

I beg to differ.  Gold has been a form of money – if not one of THE most popular forms – for thousands of years, along with livestock, other precious metals and durable goods.  Gold isn’t money?  Then what is money?

Princeton defines money as “the official currency issued by a government or national bank.”

However, Thomas Greco defined money as:

“Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.”

The Google dictionary defines it as “The assets, property, and resources owned by someone or something; wealth” or “financial gain.”

Dictionary.com states the following in regards to “money” –

–noun

1....

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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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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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