The end of the consumer society will be abrupt
LONDON – England – The 2008 economic crisis was hailed as the worst crisis for thirty years, but that was just the beginning, a small tremor in what is yet to come to complete the cycle that has built for quite some time now.
The banks have orchestrated a spectacular coup de grâce on the world’s populations with a huge crisis that will affect everyone for generations to come. These robber barons have robbed and pillaged every penny from the slave worker bees, but they want more, much more.
The looming crisis will make 2008 look like a picnic in the park, and there are sure to be riots in the streets of every major world city because of the nature of the human condition; without food or security for you and your family, what are you going to do if you were not prepared? Exactly as planned, you will try and go into the streets to get food and water for you and your family. You will probably be met with soldiers and riot police, but that is not the problem of the bankers and the politicians. They do not care, they never have, and they never will.
America will be sucked into the debt maelstrom that has been concocted in Europe in 2012, and will be worse than the Fanny Mae, Freddy Mac saga of 2008. With the American streets shut off and martial law enforced by the US military, the FEMA camps will be full of people, confused, hungry and most of all angry at the situation they have found themselves in. The Katrina disaster is an example of what it would be like. When people will be begging to go to FEMA camps for food, you know things can’t get any worse than that. There they will find the end of the American dream and the beginning of the American nightmare.
The next phase of the economic crisis will threaten your way of life, as you have been lulled into a sense of security and apathy now, you will wake up from your slumber to something so terrible that you will wish you had woken up earlier before the bankers and elite had set this crisis up.
When Goldman Sachs says everything is alright and you should buy, that’s when you sell everything you have, when they say sell, that’s when you buy. There has never been a more evil, baby sacrificing firm as Goldman Sachs, an inhuman breed of demons who would sell their own children to dog pit owners so they could be torn limb from limb for entertainment and profit. These people have no conscience, no souls, no morals or one ounce of love in their black hearts. They kill millions in a millisecond without batting an eyelid, and condemn billions to purgatory with every stale breath. They are the architects of evil on earth and when all hell breaks loose, they will sit out the purging of the populations in their luxury bunkers sipping champagne and getting their dicks sucked by the privileged whores who were allowed to live with their masters.
Debts don’t just disappear, and bailouts are never a fix for fundamental faults. Since J.P. Morgan created the credit default swap, the time bomb of economic destruction was ticking away.
Let us also not forget Bill Clinton and democrats like Barack Obama who pushed for poor Americans to be given mortgages they could not possibly afford and were thus the precursor for the 2008 sub-prime crisis.
The next phase of the plan will dramatically reduce people’s savings, destroy businesses, saving accounts, investments and pensions.
Everything will change, you will not be able to go on holiday anymore, or surf your facebook page or watch the latest banal Kardashian reality show on your TV box.
What happens to commodity prices during major crisis? They rise to impossible levels, milk, bread, petrol prices soar, credit cards will not work anymore and banks simply close their doors. Empty supermarket shelves cannot feed you or your family. The governments today do not have an answer to the question of sustainability. There are no mentions of ‘economic growth’ because they know full well that under the current system, there is no solution to the problem of increasing population and decreasing resources. Eventually the laws of physics catch up to the lies, and this is what is happening now. They held off the inevitable with lies for so long that there is no time left for them and they know full well that the day of reckoning is upon them. Will the people wake up from the lies they have been fed for so long? Probably not, even when everything is taken away from them, they will still trust their masters, even when they are being systematically liquidated, they will still believe their masters and they will obey without question.
The U.S. Dollar is today the world’s reserve primary currency, and if this were to change, there would be grave danger for Americans especially as everything they purchase is in the primary currency of the world.
The U.S. government has borrowed so much money that there will come a time very soon from now when they will not be able to pay back even the interest on the loans. Much like Greece has done, the U.S. is unfortunately so much in debt that even if they took away all the interest and everyone in the country worked seven days a week for the next fifty years and taxed 100% of their income, they would still not be able to pay back the interest on the debt.
If America goes, what hope for little minnows like Britain or other countries in the world? Well, the UK does not have as much debt as America but unfortunately it is tied to Europe, and this will be its undoing as it is sucked up by the EU to adopt the euro currency. There will be no option as Britain’s weak politicians capitulate to the might of Germany. Britain may have won two world wars, but it will lose the third world war, which is the economic one.
America has more debt than the European Union combined and eventually they will have nowhere to go, because the interest alone on the debt will not be sustainable. What are they going to do, borrow more or print more cash devaluing the dollar to nothing? Imagine hauling a suitcases of dollars around to buy a loaf of bread, the Germans know full well what that feels like.
The almighty U.S. Dollar is the world’s reserve currency and with this in mind, Americans have never had to pay for their imports in a foreign currency, not like other countries have to buy dollars first to buy anything. Well the dollar as the world’s reserve currency is the reason why Americans do not need to manufacture anything in America, or pay for high oil prices. This is why they can fill up their gas tanks for less than a cup of tea in the UK. This is what they have been living off for the past thirty years, if they get into a spot of bother, they just print a bit more money and mess around with the interest rates a little bit. Otherwise, it’s spend, spend, spend. Just ask Barack Obama about the spending, he knows full well what the situation is, but he’ll be in his bunker, with Michelle and the kids reading bed time stories while up above them all hell will be breaking loose.
As America spends and spends and spends, its consumption-led way of life will end abruptly soon enough when its biggest creditors realise that there is no end to the spending. China knows full well that America is in serious trouble and will not be able to pay back its debts and they are now pushing for a new reserve currency for the world. China has also been dumping its American debt and diversifying in other currencies, even the troubled euro is preferable to the dollar for the Chinese.
When America loses its reserve currency status, things will get harder for the leading spender in the world. Everything in America will suddenly get really expensive, European prices times ten and then some.
The British Pound Sterling used to be the world’s reserve currency, that is until the socialist Labour party devalued it in the 1970s resulting in the 1978 Winter of Discontent. One must understand that the U.S. situation would be multiplied a thousand times over and instead of rotting bins in the streets, there could very well be rotting carcasses. America is a tinderbox waiting to go off, with so many armed to the teeth and on anti-depressents, it will literally implode from within with the fury of the rampaging armed populace.
When America lost its AAA rating recently, that very act also added to the misery of the U.S. economy because it will mean that the debts will be even harder to pay off, although it would have been impossible to pay off even with a AAA.
As for jobs? Where are they? American companies, already on the backfoot are laying off people left, right and centre. The skewed Obama unemployment statistics only count the people who are on benefits, which are for a very limited time in America, not like the UK. Once people lose their unemployment benefits, they are not counted anymore, but they are still UNEMPLOYED.
With 48 million Americans on foodstamps, and a growing number of permanently unemployed citizens begging for work, who is going to pay off America’s debts?
We are revisiting 1937 all over again and one only has to read a history book to realise what is coming.