Within all the subjects that a conspiracy theorist studies, the least studied is human will and the
power it has when held in common with a large group of people.
Oh, sure, the power of 'intention' is widely talked about as is THE will or 'will power,' which refers invariable to one's own individual will...to accomplish one's own wishes.
This focus upon the SELF is a basis of Illuminati and Luciferian indoctrination (and especially amongst their slaves).
You've heard the about the 'watch out for number one' mantra of the 1070's, as well as all the groupings of mantras involving 'SELF-improvement' 'SELF-worth' 'SELF-esteem' 'SELF-image' 'SELF-empowerment' 'SELF-enrichment' etc.
I think you know where I am going with this.
Emphasis is always on the SELF to deflect any power from the GROUP.
This is the reason the Illuminati spend BILLIONS every month just to keep the human mind conditioned ALIENATED, APART and SEPARATE from the rest of the human minds... and above all ALONE.
Why do you think the HERO of any book or film is a always a LONER?
The imgage of James Bond, Dirty Harry and Bronson's Deathwish vigilante all through the new Marvel heroes
that are now in vogue are all loners.
All these characters exist by themselves, and neither need nor desire any collaboration with any other human being.
Humanity has long been indoctrinated to follow such people in real life.
The emphasis is on apartness being a source of strength.
If you want to BE with people, inform them or even organize them some way, you are seen as a weakling,
if not a sleazy undesirable.
Yeah, we got Churches (if you want to call them that) but they keep close to the formatted script allowed to them by the government, not discussing KEY issues which for the BASIS of their belief system like not condoning Abortion, rejecting Homosexuality and condemning Communism.
Which is sad, because RELIGION is, was and has always been a source of GIGANTIC GROUP POWER.
It was through the Churches that the American Revolution was launched against England.
People forget that the revolution was spread from the pulpit, whose preachers the King of England called the 'Black Regiments' which galvanized the American people against him.
And Churches COULD and WOULD STILL be having a great effect on American society IF the churches had been
permitted to keep their historical tax exemption.
But in 1954, IRS regulation 501c3 EXPANDED the tax exemption application requirement (which had formerly reserved for things like soup kitches, orphanages and homeless sheleters) to the CHURCHES (which had formerly been given tax exemption automatically).
And as America soon saw, the power to regulate is the power to DESTROY, as many churches began finding out when they started preaching against government policy, the Vietnam War, sponsored abortion (after Roe vs Wade) and (lately) Homosexuality and transexualism.
No religious entity (not even the Pope) seemed to see the TRAP that was the expansion of the 501c3 requirement to the Churches.
And there went the POWER of the Church in American society.
Can you imagine the power of our Churches if they had been permitted to come out OPENLY and condemn things like homosexuality, government dipping into social security funds, police judicial and financial corruption, collaboration with Communism, etc.
Gee, we would have had a totally different country then...instead of one that's about to go down the drain!!!
So there goes my PRIME example of the POWER of group consciousness and the unification of group will, especially whe all the members of the group believe, desire and think willfully in the same thing.
The Church was the last (and most durable) example of the power of the GROUP in society.
And religion was and is POWERFUL.
It was powerful, not only because it united the efforts of its members, but because (and this is the big secret) it united and focused the WILL of its memebers.
To the point that today, in case you haven't noticed, one isn't even allowed to have more than 8 people meet at a house regularly without drawing the attention of the Police who will REQUIRE that you register your home as a meeting place of a REGISTERED organization.
You won't be allowed to gather and unify more will power than THAT.
Why, becase the occult oligarchy which dominates governments KNOW and UNDERSTAND the POWER of human
will.
Quite simply, people of the same belief and conviction who come together to unify their will and combine this will to focus on ONE goal or set of goals have real POWER.
This is why a certified government informer is always in charge of any group which sponsors mass meetings of any sort.
All these government precautions are due to the fact that Human Will has POWER and unifier Human Will has TREMENDOUS POWER.
And I am not talking about mere collaboration and team work of the group - I am talking about actual supernatural power!
I repeat, Human will has SUPERNATURAL power.
Humanity in general does not acknowledge this power save for its use in selfish personal self-improvement (which the system strives to celebrate totally excluding the use of GROUP will).
We all instinctively know of this true.
When we encounter it we call it vibes, karma, voodo, a curse, or being given the 'evil eye' and we know where it all comes from - an opposing and focused human will.
Government knows this too.
Are you aware a verbal CURSE before the police or a court of law is legally considered not only a threat but an ASSAULT?
And don't even try cursing a Judge or the Jury which falseley condemns you, because your sentence will be prolonged and even your stay made more horrible in the prison
cell where you reside.
Why all the legal action if magical curses are meaningless?
Is it because the warlocks in the black robes KNOW it is an actual supernatural assault?
But no, supernatural power is there only for THEIR use, not ours.
Which brings me to all the hullaballoo about Communism and religion.
Every country which falls to Communism suffers an immediate PERSECUTION of all its religious institutions, its religious leaders and its religious population - and this often means persecution unto DEATH.
All tyrannical regimes PERSECUTE religion.
Many Christians say it's because they are Satanic or Anti-God.
This may be true, but an equally valid reason is that regimes are deathly afraid of people gathering, communicating and coming to a consensus AGAINST the regime...because what follows is that the people of the group UNIFY their will power according to what they believe in.
The Trump election upset is a perfect example of what happens when the will of the people is turned
against the regime.
What happened? The American people didn't like all the part-time jobs, their Obamacare tax penalties and the open immigration policies reducing their wages to nothing?
You BET they didn't, and they turned their will AGAINST the government.
Notice how the LEFTIST regime of the Democrats is now fallling apart even as their leaders run around clueless and desperate, like headless chickens.
Yes, the 'will of the people' has power.
This is why dictatorships GO OUT OF THEIR WAY to make sure the fixings of Democracy are present even though they are out and out tyrannies.
Just take North Korea, for instance.
No more of a total tyranny exists in this world.
But the Kim Dynasty of rulers MAKE SURE the people 'vote' every four years and all government officials (including the absolute dictator) openly and constantly claim themselves to be the servant of the people (instead of the other way around).
The Will and awareness of the people IS that powerful and that important.
As long as you can keep the people in an ignorant and indifferent daze, your place is secure, but let the people suddenly wake up and realize they are SLAVES and your regine is DONE.
Tyrannies and dictatorships outside of America can deal with this because they and only they have the GUNS...and they use them!
But any wanna-be tyrant inside America is going to have problems because because The People have guns
right along with the Police and Army....allowing the sheer WILL of the people to topple wretched regimes like the Obama Administration or wanna be wretched dictatorships like that of Hillary Clinton.
But never forget. It is the POWER of human will of which dictatorships are afraid of.
This is because Human Will itself has power - a power that can topple a government without anyone
even lifting a finger.
Just look how Europe is doing once the European people discovered they were NOT the pampered population
of the European Union and that the European Union had MUCH MORE interest in bringing in and protecting
a radical Muslim population.
Boy, things changed quickly , didn't they?
And did you know that the population of five or more member nations of the European Union want out
NOW...with the number increasing?
Boy, how things go to hell when you have to deal with the will of the people!
This topic - the Will of the People - and the FEAR governments have of it, is the premise which
brings me to the main point of this article.
Falun Gong.
Falun Gong is movement based on meditation, concentration and the projection of the will mixed with Quigong exercises to create upraise humanity.
This 'practice' has caused the Chinese Government to PERSECUTE Falun Gong followers unto DEATH.
Not celebrated at all in our modern media is the fact that the Chinese Government regularly apprehends,tortures and KILLS Falun Gong practitioners.
It is a real holocaust when it comes to the extermination of these people.
What did this peaceful, non-obtrusive movement ever do to provoke the apprehension, torture and death of its members?
Well, Falun Gong projects WILL.
And there are many things about the Chinese Government it does not agree with...and they project their WILL to stop these things.
The Chinese government has come to consider this practice such a THREAT that it has labeled them a MORTAL MENACE.
Just what is it the Chinese Government is so deathly afraid of?
Is it Human Will?
See, unlike us, the globalists government of the world KNOW and FEAR the power of human will.
Again, this is why they hold fake elections even though Democracy does not exist and the people know it does not exist.
This is why in the Western World, home of supposed Democracies, there is a well funded, complex and
widespread PROPAGANDA machine called The Media, which bombards the public with things the establishment
wants the public to believe 24 HOURS A DAY.
Make sure the humans NEVER wake up and NOTICE their condition.
AWARENESS (or more specifically a created lack of it) in humanity is the key to their power.
This is why so few people know the Federal Reserve is a private bank, that vaccines have been proven
to be Unsafe and Ineffective, or that Microwave radiation is life-threatening.
Unfortunately (for us) their program of UNAWARENESS has been successful.
The Human Will has been distracted, disipated and to a large extent neutralized by the high tech propaganda of the establishment to the point that many humans think they are powerless, unimportant and meaningless.
Nothing could be further from the truth.
I am always surprised that there is no movement to group WILL the conspiracy establishment into perdition.
Yes, just CURSE the Conspiracy.
Just think, will and believe the Conspiracy to stumble, fail, fall apart and go to pieces.
The nearest thing this world has to GROUP WILL PROJECTION is prayer, but religious dogma labels such a practice supplication to God, not human will.
Meanwhile, no reference to the power of group human will is ever mentioned in any circle, whether it be political,social or religious.
This is a forbidden subject.
But...Oh, look what's on TV! Did you hear the latest about the Kardashians?! What about that new wardrobe malfunction!?
Blah Blah Blah
The power of Group Human Will has made itself CLEAR in the Election fo 2016 and in China's monumental sociopolitical disruptions (a demonstration every week) caused by Falun Gong meditations.
Human Will is powerful and REAL.
Ignore it if you want, laugh if you want...
...and if you are really smart...USE IT.
It's there and it always will be.
My how things change.
The more things change the more they stay the same, right?
Well...not really.
I, for one, no longer recognize this planet as the one I grew up on.
Things have changed so quickly and so radically that the place has become somewhat alien.
Let’s go over a few things that have changed since I was young, shall we?:
The Sun was a warm yellow...not a hot white blowtorch...
...coastal waters were blue...not green...
....lightning was not blinding white light....
...rain was pure...not toxic...
...people did not send pictures to each other of their gonads and breasts...
...you didn’t have to get a naked x-ray picture taken or your testicles grabbed...in order to board a plane
...flying was a rare and prized experience...not an imitation of a rush hour metro bus...
...the FBI operated independently, not with local police departments acting as its gofers under a “special agent in charge”
...you could buy sales items without surrendering your personal information to a ‘preferred customer card’...
...Presidents were not related....
...Gay marriage did not exist and anyone proposing it was laughed at...
...sex education happened in High School...not elementary school...
...massage parlors were not fronts for Chinese prostitution...
...college was affordable...
...doctors were middle class professionals...not millionaires...
...SWAT teams were not deployed to your home unless you had taken hostages and had them at gunpoint...
...there weren’t any cameras on the street...
...kids were not fat...
...kids did not know about sex...
...pornography was hard to get...
...children were not confiscated from their parents unless they had been severely injured...
...kids were allowed to run, play, fall, wrestle and play dodge ball at school...
...children did not get breast cancer or alzheimers...
...eye prescriptions were required every four years...not every year...
...gum did not contain aspartame...
...there were only two genders...
...there were no hate crime laws...
...measles was a disease nobody feared and many got...
...women were feminine...not crazy, rage-filled basket cases...
...people spent only a little time playing video games...not hours
Cops were accountable, wore uniforms and behaved officially...not bermuda shorts and t-shirts, did not have tattoos, piercings or beards, hardly ever shot and killed people by mistake and did not resemble steroid using muscle freaks who have no control of themselves or their actions.
Gangs were a local irritating phenomenon...not massive out of control murder squads...
...working for the CIA was rare...not like working for Walmart or McDonald’s...
...there were only one to three required vaccines, most of them taken in elementary school..
...there were no flu vaccines...
...children were healthy, smart and strong...
...old people had wise, modest tempers and were respected by the younger generation...
...adults acted like adults....
...movies showed in theaters for most of the year...instead of disappearing after the first month...
...visits to the doctor, the hospital or buying medicine was affordable...
...most people did not have have health insurance and did just fine...
...China, Russia, Cuba and Vietnam were our known enemies...
...there was no illegal alien problem...nor were they allowed to work, vote, drive or take their children to public schools...
...torture was illegal...and anyone supporting it was considered insane...
...wars were declared against nations...not things
...reporters actually reported...instead of re-wording government releases...
...newspapers were independent...not branches of corporate combines...
...people were arrested for committing felony crimes...
...Americans were allowed to file for bankruptcy...
...only a few people ever took psychiatric drugs...and they didn’t go crazy after taking them...
...marijuana was a misdemeanor...
...people watched a screen for only a few hours a day...instead of the whole day...
...smoking was allowed...
...most things were made in America...
...most businesses were mom and pop operations...
...shopping centers did not sell food...
...only a few people used credit cards to buy things...
...food stamps were made out of paper...
...books were made out of paper...
...people read newspapers...
...homosexuality and bisexuality were rare and private affairs...instead of national crusades...
....'gay day’ and ‘gay parades’ did not exist...
...signs and recordings at public offices were in English...
...illegal immigrants were deported...and were rarely seen...
...high school students could get jobs...
...college students were hard working and serious...not yahoos and losers...
...the government did not offer loans for college, and they weren’t needed...
...you could actually work yourself through college...
...college graduates could get jobs in the major they graduated in...
...getting into debt was considered a bad thing...
...one didn’t have to have a good credit score to get an apartment or a job...
...people became impatient in long lines...
...people had short and long term memory...
...crops were natural...not genetically modifies lab experiments...
...farmers were independent...not corporate employees...and saved their own seed for next planting season...instead of having to buy them from Monsanto...
...people had enough money for shopping, holidays and vacations...
...the entire nation was considered a ‘free speech zone’...
...one had the right to protest anytime and anywhere as long as you did not interrupt traffic...
...people couldn't say ‘penis’ or ’vagina’ on TV
...songs did not contain cuss words...
...chemtrails did not exist...
...drinking water was not contaminated...
...airline pilots actually had to take off, fly and land the plane...
...everyone knew how to read and write in cursive...
...autistic and special ed kids were rare...
...electric bills did not take up a large part of your income...
...everybody had full time jobs...
...cars had more acceleration....
...gasoline did not smell like turpentine....
...kids spent a lot of time outside....
...old people were wise...instead of brainless...
...skateboarders were not violet gangs who bashed people over the head with their skates...
...cussing in public and in front of women was considered bad form...
...women were not called ‘dudes’...
...ozone was not considered a pollutant...
...nitrogen was not considered a pollutant...
...cars were never tested for pollution....
...people did their own yard work...
...few people had allergies...
...cancer rates were low...
...people didn’t repeat lines from the media word for word...
...there were no celebrity gossip TV shows...
...microwave energy was considered hazardous...
...looking at a screen for two long and too close was considered hazardous...
...few people wore glasses...
...few people were fat...
...people didn’t need pharmaceuticals to get an erection...
...men had normal sperm counts...
...young couples were fertile....
...children were considered a blessing...instead of a liability...
...there might have been politically correct ways of behaving, but we never got lectures on it...
...bullying was not a problem....
...children did not commit suicide...
...being Christian was an asset...not a psychiatric condition...
...people got raises and bonuses every year...
...good, loyal, hard working employees received raises, bonuses, paid vacations and retirement...
...old people were considered wise sources of advice...instead of disposable liabilities...
...siblings let their elderly parents move in with them...
...adult children never moved back in with their parents...
...euthanasia was illegal and unthinkable...
...a person’s word meant something...
....parents were allowed to spank their children...
...people’s houses were not inspected for ‘livability’....
...people were not spied upon by home repair and maintenance people...
...there weren’t long lines at thrift stores...
...people prized privacy...
...we called our country ‘America’...not ‘The Homeland...’
...there were only two genders and two types bathrooms
...children were not counseled at school on changing their gender...
...children could not divorce their parents...
...cancer clusters were reported and investigated...
...trapped miners were rescued...
...utilities were owned by the public...not corporations...
...people could write and spell correctly...
...airliners did not just disappear off the face of the earth...
...sky scrapers did not collapse due to fire...
...government did not smuggled in and support illegal immigrants...
....parts of America weren't overrun with illegal immigrants...
...political campaigns were not funded by the China and the Saudi Arabia...
...corporations did not replace American workers with imported H1b visa foreigners...
...America had industry...
...government did not bailout mismanaged banks...
...retirement was a lock box...not an investment casino game...
...mothers did not kill their children...
...we didn’t take orders from International world authorities...
...our allies liked us, trusted us and lined up behind us...instead of hating us...
...the US President was more popular than the President of Russia...
...China didn’t own American companies...
...the weather was normal and predictable...
...our richest people did not want to become ‘gods’...
...forest fires were small affairs brought quickly under control...
...forests were regularly cleared and maintained...
...nobody knew what the words ‘Gaia,’ ‘Green’ or ‘Sustainable’ meant...
...there was no human DNA in our hot dogs...
...government regulated corporations instead of the other way around...
...corporate employees did not occupy seats of government...
...young girls didn’t throw away their virginity like used toilet paper....
...gun ownership was not a big deal...
...our infrastructure was reliable and working...
...we could prove who our Presidents were and where they were born...
...food was never so sweet or so salty one could not actually feel taste the food...
...cancer and diabetes was not out of control...
...you got a job based on your talent and experience...not who you knew...
...the authorities needed warrants to search a person’s private property and papers...
...the Constitution was considered the maximum law of the land...instead of an obsolete piece of paper...
...one legally swore oaths on the Bible before a court...
...one legally swore an oath to the Constitution before being employed by government...
...Communism was not cool or popular...
...we didn’t have trade treaties with brutal and undemocratic Communist governments...
...our armed forces consisted of men and upheld by duty...not co-ed battalions plagued by love triangles...
...the VA was one of the most well run government operations and took care of all veterans...instead of treating them like trash...
...people took responsibility for their mistakes...
...a quarter of the adult population did not have herpes...
In 1965 President Johnson launched ‘The Great Society’ (mass welfare) while simultaneously launching the Vietnam War and maintaining the Cold War.
Due to mass spending on the Cold War, Welfare and Foreign Aid, by 1975, the US national debt was increasing by $100 billion every year.
It was enough to alarm economist Paul Erdman to write a book called “The Crash of ‘79“ in 1976, predicting the bankruptcy and collapse of American Government and society.
In 1980, our national debt reached $908 billion under President Carter.
The magical approach to the unpayable $1 trillion mark inspired economist Douglas Casey to write a book called “Crisis Investing” that same year.
In 1981, our national debt reached the unimaginable $1 trillion mark for the first time under President Reagan.
Reagan’s massive increase in US military spending and Foreign Aid while cutting taxes and borrowing made us reach the $2 trillion mark by 1985.
This alarming state of affairs made economist Ravi Batra write “The Great Depression of 1990“...in 1987, predicting an economic Armageddon similar to that of Erdman’s and Casey’s.
In 1994, Brooksly Born, head of the Commodity Futures Trading Commission (CFTC) found out the big banks were now trading in something called “Over the Counter Derivatives” (OTCs).
OTCs were basically junk derivatives which ‘derived’ their value from pipe dreams and flowery words.
The trade of OTCs was occurring between the big ten banks secretly and without any accountability.
Born’s CFTC saw OTCs as secretive, destabilizing, illegal and dangerous.
In fact, she found few people knew what OTCs were in spite of the financial system being swamped in them and the fact that OTCs had caused the collapse of Bankers Trust.
Born’s CFTC merely began investigating OTCs when the entire weight of the Federal Reserve, the 10 largest banks in America, the Banking Lobbies and the US Congress was thrown on top of this (responsible) bureaucrat
The SEC, the Federal Reserve and the Department of the Treasury all put through hysterical phone calls predicting the end of the economic world if Brooksley Born continued to ‘interfere’ with the trade of OTCs
Born saw things differently, and stated she would continue to look into them.
Now the banks called in the big guns - the US Senate.
The Banking Lobbies proceeded to sic their dogs in the Senate on the unfortunate, well meaning and concerned head of the CFTC, Brooksley Born.
The Senate quickly called for special hearings to question (and skewer) Born.
In the 1998 hearings, Alan Greenspan (Federal Reserve), Robert Rubin (US Treasury), Larry Summers (US Treasury) and Arthur Levitt (Security and Exchange Commissions) all took turns “testifying” on how Brooksly Born was about to destroy the entire American economic system by “interfering” (actually all she was doing was investigating) OTCs.
Then Senatorial slaves like Senators Phil Gramm and Richard Lugar took turns alternatively smiling warmly at the “testimony” of the money masters and scowling at Born every time she opened her mouth while figuratively breaking a chair over her head every time they spoke.
Why, poor ol’ Brooksly Born was being treated like public enemy #1 and a threat to national survival!
You can imagine the trauma on this poor woman, who was basically having the Federal Reserve, the Department of the Treasury, the SEC and the US Senate all pummeling her...for basically doing her job and trying to prevent illegal and destructive banking practices.
Needless to say, she did not last long.
She was dismissed and a Goldman Sachs employee put in her place.
Shortly after that the financial institution Long Term Capital Management (LTCM) also collapsed (due to OTC trading) and Greenspan told Congress to bail them out (which they did).
On her way out, Brooksley Born intimated to those who would listen that the system was a house of cards and that it was going to collapse.
This was in 1998!
But the system did not collapse...not yet.
The resilience of both the gigantic Euro-Japanese-American economies (and the Third World - to which the result of all their economic largess was piled on, along with the exclusion of China and Russia from the world market) kept the entire system going for a while longer.
Indeed, what all these economists: Erdman, Casey, Batra, Born, failed to predict was the resiliency of an international economic system centered in the United States, ,willing to use the entire world to salvage (or better said prolong) its economic viability of this one nation over all the others.
But what is inevitable, of course, is the final result.
Any nation submerging itself in debt will collapse.
It is not a matter of how...but when.
As you might have noticed, the ‘when’ has now arrived.
These economists were not fools or fear mongers. They saw the end of a viable national economy and they called it. What they did not see was the immense international financial system which would keep the United States from falling...temporarily.
How did it do this?
As I have said before, the entire product of economic misery produced by the non-viable American economy was passed on to the Third World.
America stopped producing, started importing, and in doing so, started exporting all its inflationary dollars to the outside world.
The latest (and final) scheme was the selling of trillions of dollars of US bonds to China.
The Chinese now seeing the end of the dollar, have begun cashing them in...and threatening to demolish the dollar.
In these dire economic times, when we finally see ourselves heading over the waterfall everybody saw us approaching since 1976, it is instructive to see Casey’s vision of what an economic collapse would look like.
“Surely this destructive political game must be nearing its end...But once Washington mandarins discovered the miracle of the printing press, the quick road to economic ruin had been paved.”
He expanded further by writing:
“Hyperinflation will automatically bring with it the death of the dollar, which in turn will leave millions of people impoverished. A devastated people can hardly be expected to sit back calmly and starve to death, not when political demagogues will be ranting and raving that “the rich” are responsible for everyone’s suffering. The obvious result of such a situation can only be chaos and a collapse of the democratic system as we know it, which must lead to the rise of a police state.” (p-2)
WAGE AND PRICE CONTROLS
“future controls will be far more strict and comprehensive - and will include profits. Jail terms will undoubtedly be imposed for non-compliance with the spirit, as well as the letter, of these laws; examples will be made”
FOREIGN EXCHANGE AND TRAVEL RESTRICTIONS
“As the national balance-of-payments deficits reach new highs, people will have to pay a heavy tax or get government approval to travel abroad...a limit will be placed on funds that can be spent abroad, and transfer of all funds abroad must be both reported to and approved by, the government. Foreign bank accounts will become illegal.”
SHORTAGES
“Industry will grind to a near halt because of draconian controls at home and the inability to import raw materials from abroad. The situation will approach wartime proportions, with rationing, black markets, searches, seizures, and confiscation sure to follow.”
UNEMPLOYMENT
“As it goes above ten percent, the government will resurrect the WPA and similar agencies to get people back to work - building roads that no one can afford to drive on.”
BANKRUPTICES
“Many banks will default, though at first the national government will bail them out. Later it will simply let them go under and then replace them with new federal agencies. Corporations will go belly-up on a massive scale, although once again the government will bail out those which are most inefficient...or most in the “national interest.”
STOCKS
“Many stocks will become worthless, along with bonds, and it will prove impossible to float new stocks or bonds. Brokerage firms will collapse. Long-term capital markets will dry up as inflation reaches about twenty percent.”
NATIONALIZATION
“The Federal Government will nationalize large bankrupt industries to get them back in production; they will go back into production, but at about the efficiency level of Congress, Amtrak, or perhaps the Post Office. Massive taxpayer-funded aid will be lavished on those who deserve it the least.”
SOCIAL SECURITY
“[banking collapses] leaving those who relied on them [401Ks] destitute. Social Security will at first be financed out of regular taxes after it has exhausted its own resources, then the system will default on its benefits...Of course, the government will [then] replace it with a new scheme.”
*Doug Casey “Crisis Investing” (p14 to 15)
Remember when I said all the economists CONTINUED writing about the untenability of our economic system every decade since 1976?
Well, economist Larry Burkett wrote “The Coming Economic Earthquake” in 1991, and he had the following descriptions of what a collapse would look like:
“The newspapers and the evening newscasts all carried similar headlines: “Nation’s Fifth Largest Insurer Collapses,” “First National Bank of Los Angeles Fails,” and “The Nation’s Banking System is in Trouble.”
The demise of Northern Mutual left nearly $20 billion in unfunded policies outstanding. Within two days three more California banks holding loans to First National filed for bankruptcy protection. Congress demanded that the president create a special fund to protect depositors’ policyholders, but...no more Federal funds would be used to underwrite failing institutions. The FDIC was unable to cover any further depositors’ losses.”
“In the next three weeks, seven states declared their insolvency, defaulting on their bond payments to creditors. Nineteen states stopped or greatly curtailed their welfare programs, and virtually all the states reduced their staff to the survival level. “
“[foreign companies] made good their threat to shut down their manufacturing faciities in the US. Two days earlier Congress had overridden
the President’s veto of the internal Tariff Act, levying a 50 percent excise tax on al lgood in the US by foreign-owned companies.”
“Congress assumed the posture of a government at war and in a further escalation of the trade war, immediately voted to freeze all foreign investors’ assets in American companies.”
“Americans quickly discovered that nearly 70% of all businesses were dependent either upon foreign sales or supplies.”
(Burkett 194-197)
“Inside the United States, panic dominated the dwindling banking community as foreign lenders demanded that their dollars be converted to the new world currency.”
“Overnight the dollar dropped to one-tenth of its previous value on the world market; America was bankrupt.”
“Inside the US those ho had any cash converted it into anything they could buy, from antique art to land.”
“Americans flocked to the stores to buy whatever was available before before prices went up further. This increased demand simply drove the prices of available merchandise out of the reach of all but those with abundant supplies of money.”
“Crime became so rampant in the major cities throughout the country that the National Guard was called out to patrol the streets after the federally mandated ten o’clock curfew.”
(Burkett -199)
So there you have it, the experts’ opinion on what an economic collapse in this country would look like.
My point in this essay?
Simple.
We knew, the economists knew, a whole lot of people knew the economic system was not tenable in 1976.
From there they continued warning us from 1980 to 1987 and beyond in a myriad of books which began coming out in the late seventies and continued to be published every decade.
- “The Crash of ‘79“ by Paul Erdman (1976)
-"Crisis Investing” by Douglas Casey (1980)
-"The Great Depression of 1990“ by Ravi Batra (1985)
-"The Coming Economic Earthquake” by Larry Burkett (1991)
-"The Real Crash” by Peter Schiff (2012)
-and so on and so on, warnings given to the public by dozens of well informed economists writing books and screaming that our economic system is untenable and heading for destruction
In reality, and apparent to all the people in the know, The American (and the world) economic system was as non-viable in 1980 as it is today.
It was kept alive by economic scams which basically passed on our economic bad karma to the Third World.
Now that scam has been played out.
And now, after 45 years of economic abuse, we are finally getting ready to reap the whirlwind.
*a detailed explanation of the Brooksley Born drama can be found here:
http://endofwesternciv.blogspot.com/2010/11/we-were-warned-in-1996-economic.html
*Frontline produced a laudable documentary on the Brooksley Born CFTC and OTC incident entitled “The Warning” which is commercially available and can also be viewed here:
FRONTLINE: THE WARNING
https://www.youtube.com/watch?v=ACkiKVtF3nU
