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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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Dilbert Offers a Valuable OpSec Reminder for Financial Meltdown and the Zombie Apocalypse Thumbnail

Dilbert Offers a Valuable OpSec Reminder for Financial Meltdown and the Zombie Apocalypse

Posted on Aug 04, 2011 in Blog, Editorials, & Thoughts – Kevin Hayden

Office-comic Dilbert serves up a valuable point regarding Operational Security (OpSec).  This little comic is sad but so true.  If you prepare, keep it quiet!


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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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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 – 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 – 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 Thumbnail

Car Sleepers – The New American Homeless

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

Perception, American Austerity and Financial Terrorism

Posted on Jun 03, 2011 in Constitutional & Liberty Issues, Economic News, Featured Articles, Federal Reserve & Bankers – 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 – 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 – 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 – 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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Panic Selling of the US Dollar Now Underway as Debt System Implodes

Posted on Apr 29, 2011 in Economic News – Kevin Hayden

Source: Natural News – J. D. Heyes

To most Americans it’s unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway.

Hayden’s Note:

You can now rest easy and welcome your new currency, the Timothy Geithner / IMF-backed SDR.  Nothing to see here, folks.  Move along.  Go back to watching the Royal Wedding.  Nevermind the fact that a historical speech/conference was given yesterday by the Fed chairman, “Mr. Ben Ber-nank.”

Reports this week marked the dollar’s continued slide – it reached a 16-month low against the euro and slid to a historic low against the Swiss franc on Tuesday – while at the same time predicting something we’ve been telling you for years now, namely that the dollar is on its way out as the world’s reserve currency.

Impossible, you say? Think again. Signs of the dollar’s imminent collapse are everywhere.

Look at the economic and investment juggernaut that is China. Beijing’s economy has been growing in leaps and bounds and as such used to be the largest holder of U.S.


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