[ audio & text ] Joel Skousen with Dr. Stanley Monteith: SIGNS OF ECONOMIC COLLAPSE: IF, WHEN AND HOW BAD?

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Analyst Joel Skousen
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Real-historian Dr. Stan
“A national treasure!”

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From Joel Skousen’s
World Affairs Brief

This week in the World Affairs Brief:
SIGNS OF ECONOMIC COLLAPSE: IF, WHEN AND HOW BAD?
When big insider banks like Goldman Sachs start shorting the markets in a big way, and advise their high roller clients via private letter to do the same, you can bet the market s are going to take a beating in October. Puts shorting the S&P 500 are at a record high for October which indicates that a lot of big money is predicting a huge fall in global stocks soon. Certainly, the fundamentals concur that stocks are overpriced and that interest rates are artificially low compared to real inflation. Are we on the cusp of a major depression? Let’s see. You can request a one-time free sample of the briefs by sending an email to editor@worldaffairsbrief.com.
Also:
Reshuffling the Republican Candidates�Again
Soviet Threat Imaginary?
Is the Prognosis for America Terminal?
More…
Subscribe now to read the rest of this week’s brief and all archives!
The World Affairs Brief is a weekly news analysis service dedicated to providing an understanding of the hidden agendas behind the actions of world leaders and other powerful individuals who influence government from behind the scenes. Although the World Affairs Brief is provided to subscribers only, you can read samples of Mr. Skousen’s unique analysis in the archives section. The following daily news items are provided as a sampling of the crucial issues that Mr. Skousen may analyze in this week’s briefing.

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Date: 09-29-11
Hour: 1
3:00: Joel Skousen – World Affairs Brief
Hour: 2
4:00: Melody Cedarstrom – Sound Financial Discussion
Hour: 3
8:00: Suzanne DeKock – Weight Control
Hour: 4
9:00: Lynn Marzulli – The Bible & Today’s Events
Date: 09-28-11

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World Affairs Brief, September 30, 2011 Commentary and Insights on a Troubled World. Copyright Joel Skousen. Partial quotations with attribution permitted. Cite source as Joel Skousen’s World Affairs Brief (http://www.worldaffairsbrief.com)

SIGNS OF ECONOMIC COLLAPSE: IF, WHEN AND HOW BAD?

When big insider banks like Goldman Sachs start shorting the markets in a big way, and advise their high roller clients via private letter to do the same, you can bet the market s are going to take a beating in October. Puts shorting the S&P 500 are at a record high for October which indicates that a lot of big money is predicting a huge fall in global stocks soon. Certainly, the fundamentals concur that stocks are overpriced and that interest rates are artificially low compared to real inflation. Are we on the cusp of a major depression? Let’s see.

The deepest and least solvable crisis is, of course, the collapsing dominoes from sovereign debt. Every nation on earth, except for a few whose abundant oil income exceeds expenditures, is heavily overextended and none can or will pay back the huge sovereign debt they have accumulated. At least a half dozen countries require quarterly bailouts from other nations in order to pay back debt issues as they come due. Ukraine is the latest country to engage in funny accounting to fund their latest debt payment. Next time they too will need a bailout.

The Wall Street Journal reports on a copy they received of Goldman’s pessimistic letter to its biggest clients: “In a 54-page report sent to hundreds of Goldman’s institutional clients dated Aug. 16, Alan Brazil–a Goldman strategist who sits on the firm’s trading desk–argued that as much as $1 trillion in capital may be needed to shore up European banks; that small businesses in the U.S., a past driver of job production, are still languishing; and that China’s growth may not be sustainable.” Others are warning about a Chinese crash as well.

Michael Snyder reacts to that by saying that “Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse [that’s a bit of an exaggeration. Goldman is preparing for a major financial crisis, not a collapse].

“Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe. ‘Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency? [Sounds like Goldman is listening to Ron Paul while repudiating him politically].’

“The report also goes into great detail about the financial crisis in Europe. Brazil writes about how the euro is headed for trouble and about how dozens of financial institutions in Europe could potentially be in danger of collapse [a threat which the PTB intend to use to pressure EU voters into giving more power to the ECB to issue Euro-wide Bonds].

“The following is how Business Insider summarized the advice that Brazil gave in the report regarding how to make money off of the impending collapse in Europe….

* Buy a six-month put option on the Euro versus the Swiss Franc, thus betting the Euro will drop against the Franc (the Franc being the currency that an official Goldman report recently referred to as the most overvalued in the world)
* Buy a five-year credit default swap on an index of European corporate debt.

“This is a bet that some of these companies will default, and your insurance policy, the CDS, will pay off [even though backed by nothing except promises to pay]. This is so typical of Goldman Sachs. They will say one thing publicly and then turn around and do the total opposite privately.”

Snyder concludes by saying what increasing numbers of commentators on the Right are saying: “There is a tremendous amount of fear in the global financial community right now [true]. As I wrote about the other day, the financial world is about to hit the panic button. Things could start falling apart at any time [depends on what he means by falling apart–a total collapse is not going to happen by economic means alone]. Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on [true only as to whether or not the FED is going to keep bailing them out. The banks are now totally dependent on external forces].”

For example a lot of hedge fund managers are set to lose their jobs. Some of the largest hedge funds are down 25% for the year. Today, according to the Wall Street Journal, “marks a deadline for investors in many hedge funds with monthly and quarterly liquidity to say they want their capital back.” Most of them are indicating they want to cash out rather than roll over into another hedge.

That’s the same reason Greece needs quarterly bailouts–because most investors don’t want to renew their investments in Greek bonds at any interest rate. Who would blame them? Greece simply doesn’t have the money to pay off these maturing bond issues and never will. In order to avoid establishing a precedent of default, the ECB is desperate to keep engineering short term bailouts until the European PTB can engineer a change in EU rules to allow the entire Union to create bonds guaranteed by all.

However, that plan suffered a major setback this week as the German constitutional court ruled this week that “no further fiscal powers may be surrendered to Europe without a new constitution and a popular referendum.”

But all this isn’t stopping the globalists in Europe from wringing as much money from their current powers to bail out other bankrupt nations. They will take it to the maximum. Thursday, the German lower house, the Bundestag, passed a bill to strengthen a bailout fund intended to help European countries deal with their debts. Stocks, looking for any justification for optimism, surged upward briefly.

As the Market Oracle of UK said, “It gives the EFSF [European Financial Stability Facility] carte blanche to carry out measures to save the euro, the insolvent countries and banks. The passage of legislation by Germany, which has already been passed by the Bundesrat (Senate) would leave Germany with no more say on the use or increase in funding just to save the euro, Greece and the other five countries, which is an impossible task at a cost of $4 to $6 trillion. All control passes to the EFSF and the ECB.” –another loss of sovereignty for Germans. More money for the EFSF solves the current liquidity crisis, but they won’t fix the solvency crisis.

This only settled the markets for a day. Today stocks dropped again with news that all these bailouts were adding to EU inflation. These short term fixes all have market consequences. European globalists realize that the semi-solvent nations in Europe are in no mood to go the next step–giving the ECB powers to issue EU-wide bonds–for which they will be liable, and so an even deeper crisis will be needed to drive them into giving the EU new powers.

This may well be the reason we are seeing the markets set up for short selling in October. Somebody obviously has given the word that a major market selloff is going to happen. That means it may be planned. If it goes deep enough, it may well be the crisis sufficient to drive European voters into accepting more EU powers to “fix” the problem with a new EU treaty.

Notice that US leaders (Obama and Treasury Sec. Geithner) are criticizing Europe for not taking dramatic steps and for moving too slowly. In reality, they know that Europe doesn’t have the same dramatic powers of the FED–so the criticism is offensive to European leaders. Its real purpose, of course, is to prepare the way for US-style solutions (more bailouts through bonding) when the crisis hits.

What does this mean for those in the United States? A big drop in the stock market does NOT mean that the economy will fully collapse. I think it will be a serious dip but not a permanent one. Obama has been sending out proposal after proposal to increase government stimulus in jobs and housing. Even go-along Republican leaders like John Boehner can’t go along because all conservative eyes are on the debt problem we face. This coming crisis may change that.

I can see a massive shakeout in the stock market (a big crisis) suddenly turning public opinion around and inducing them to believe government fear mongers that “we’ve got to inject more money into the economy” lest it collapse–the false solution. Why else would Ben Bernanke and Tim Geithner suddenly stop talking recovery and concentrate on dire warnings? I think they are setting us up for a crisis–not because they don’t have the power to inject more money and forestall it, but because they need something to stop the rising sentiment against the FED and deficit spending.

If they let the crisis go on long enough, it will doom Obama’s chances of reelection. But, if it is sufficiently sharp, Congress may relent early and agree to hand out more stimulus jobs and checks. Obama will then look like he “saved us” from collapse.

Investment guru Doug Casey is pessimistic: “With the exception of Ron Paul and Gary Johnson, the potential Republican candidates absolutely make my skin crawl. So, no, there is no help on the horizon. The U.S. government is spending about $1.5 trillion more this year than it takes in, and it is not going to cut that. In fact, foolish spending to bail things out will increase. And, worse than that, the Fed has artificially suppressed interest rates for three years. Interest accounts for roughly 2% of $15 trillion official national debt, or $300 billion per year. As interest rates inevitably rise, that interest amount will grow. At 12% – and I’m afraid they’ll have to go even higher than that – it would add another $1.5 trillion just in interest payments.

“I absolutely see no way out without a collapse of the U.S. currency and a total reordering of the U.S. economy.” Once again, the big question is when: now, later, or a lot later? All of those on the “collapse now” side of the debate don’t understand the powers of the conspiracy that controls our government.”

If they let the economy go down another notch and keep it there for the next couple of years, it means they intend to elect a controlled Republican to complete the manipulation of conservatives. We are at the point in this nation where everything Obama does will be met with conservative opposition, which is good. But if a false conservative leader gets in office and proposes something similar with a different name, most will be fooled and jump on board.

That is why the PTB seem determined to suppress Ron Paul’s candidacy and promote other controlled Republicans who are promoting some of Paul’s fiscal arguments against the FED but have no intention of following through. Only Ron Paul can be trusted to act with courage and not compromise.

[…]

Related:

Chuck Baldwin: Economic Bad Times Just Beginning — “In a couple of years, these could be the ‘good old days’”

Chuck Baldwin: Economic Bad Times Just Beginning — “In a couple of years, these could be the ‘good old days’”

Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse.

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Except for Ron Paul, no one is giving more than ten-second sound bites of lip service to what is necessary to conquering the real culprits of America’s economic malaise: expunging the fiat money system and returning America to hard money principles, dismantling that cabal of international criminals known as the Federal Reserve, returning America’s foreign policy to its constitutional parameters of non-interventionism, eviscerating those federal programs and entities not prescribed by the US Constitution, getting rid of the income tax, and taking the United States out from under the power and influence of the United Nations. No one else has the guts to even seriously talk about these issues, much less to actually do something about it!

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From: ChuckBaldwinLive.com

Posted on Sep 29, 2011

Economic Bad Times Just Beginning

A couple of weeks ago, I was honored to attend a private gathering of influential conservative leaders just outside Washington, D.C. While many differences of opinion were expressed on a variety of subjects, there was one subject on which every single attendee was unequivocally united: the US economy is soon going to tank! As one man said, “In a couple of years, these could be the ‘good old days.’” Another thing the august assembly was agreed on was that the only Presidential candidate in the two major parties who would actually have the guts to do what needs to be done is Congressman Ron Paul. And the national press corps (including FOX News) is doing everything in its power to make sure that the American people do not hear much of what Dr. Paul has to say for that very reason.

Neither the Democrat nor Republican parties in Washington, D.C., have any intention of addressing the real reasons why the American economy is on the verge of collapse. The only thing the two major parties–and the elites who dominate them–can see is the next election. The lust for power is the one thing that both the Donkeys and the Elephants share in common. And neither party is willing to disappoint their constituents who are feeding at the teat of that fat hog known as Washington, D.C.

Democrats want to extend Washington’s insatiable appetite for deficit spending in order to promote the Welfare State. And Republicans want to extend Washington’s insatiable appetite for deficit spending in order to promote the Warfare State. Conservative or liberal, hawk or dove, Christian or secularist, Democrat of Republican: they all are lining up at the back door of Uncle Sam’s kitchen begging for a handout!

Except for Ron Paul, no one is giving more than ten-second sound bites of lip service to what is necessary to conquering the real culprits of America’s economic malaise: expunging the fiat money system and returning America to hard money principles, dismantling that cabal of international criminals known as the Federal Reserve, returning America’s foreign policy to its constitutional parameters of non-interventionism, eviscerating those federal programs and entities not prescribed by the US Constitution, getting rid of the income tax, and taking the United States out from under the power and influence of the United Nations. No one else has the guts to even seriously talk about these issues, much less to actually do something about it! And if the “powers that be” successfully defeat Dr. Paul’s candidacy, it won’t matter to a tinker’s dam who gets elected President in 2012 (that is, unless a constitutionalist third-party candidate miraculously wins the Presidency)! Republican or Democrat, it will be business-as-usual. And that means this house of cards that these corrupt politicians and bankers have been playing with all these years is going to come crashing down. In fact, the signs are ubiquitous that the crash has already begun.

Writing for BlacklistedNews.com, Michael Snyder has recently produced two trenchant reports that show the handwriting on the wall for America’s financial future. Snyder begins this first report saying, “Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.

“It turns out that Goldman Sachs secretly believes that an economic collapse is coming.”

Snyder concludes his report saying, “Sadly, the 54 page report mentioned above is right–we really are facing a global debt meltdown and we really are heading for an economic collapse.

“You aren’t going to hear the truth from the mainstream media or from our politicians because ‘keeping people calm’ is much more of a priority to them than telling the truth is.

“The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable. Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike.

“But let there be no doubt–it is coming.

Entire Article Here

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[ audio & text ] Joel Skousen with Dr. Stanley Monteith: SIGNS OF ECONOMIC COLLAPSE: IF, WHEN AND HOW BAD?

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Uploaded by on Sep 30, 2011

On the Thursday edition of Infowars Nightly News, Alex talks with Mike Adams of Natural News about the dangers of GMO and the attempt by the ATF to penalize gun dealers for selling firearms to medical marijuana patients.

Alex also talks about the efforts by local and state governments to control gardens and a Wisconsin judge who recently ruled that citizens do not have an absolute right to determine what they consume.

He also covers the journalist arrested in Lower Manhattan during the Occupy Wall Street protests and the threat it poses to the First Amendment and journalism.

Alex examines the FBI entrapment case against a Massachusetts man who supposedly plotted to fly explosives-packed model planes into the Pentagon and U.S. Capitol.

http://www.infowars.com/
(Subscribe to Infowars Nightly News Today!)
http://www.prisonplanet.tv/news/

Glenn Greenwald: The FBI again thwarts its own Terror plot — Wouldn’t the FBI’s resources be better spent on detecting and breaking up actual Terrorist plots, if there are any, rather than manufacturing ones?

From: Salon

The FBI again thwarts its own Terror plot

The FBI has received substantial criticism over the past decade — much of it valid — but nobody can deny its record of excellence in thwarting its own Terrorist plots.  Time and again, the FBI concocts a Terrorist attack, infiltrates Muslim communities in order to find recruits, persuades them to perpetrate the attack, supplies them with the money, weapons and know-how they need to carry it out — only to heroically jump in at the last moment, arrest the would-be perpetrators whom the FBI converted, and save a grateful nation from the plot manufactured by the FBI.

Last year, the FBI subjected 19-year-old Somali-American Mohamed Osman Mohamud to months of encouragement, support and money and convinced him to detonate a bomb at a crowded Christmas event in Portland, Oregon, only to arrest him at the last moment and then issue a Press Release boasting of its success.  In late 2009, the FBI persuaded and enabled Hosam Maher Husein Smadi, a 19-year old Jordanian citizen, to place a fake bomb at a Dallas skyscraper and separately convinced Farooque Ahmed, a 34-year-old naturalized American citizen born in Pakistan, to bomb the Washington Metro.  And now, the FBI has yet again saved us all from its own Terrorist plot by arresting 26-year-old American citizen Rezwan Ferdaus after having spent months providing him with the plans and materials to attack the Pentagon, American troops in Iraq, and possibly the Capitol Building using “remote-controlled” model airplanes carrying explosives.

Entire Article Here

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Paul Craig Roberts: Fabricating Terror — “Could it be that the US government needs terrorist events in order to completely destroy the US Constitution?”

Paul Craig Roberts: TSA is a far greater threat to Americans than are terrorists. There has not been a successful terrorist act since 9/11, and thousands of independent experts doubt the government’s explanation of that event. The very fact that the FBI has to orchestrate fake terrorism proves the absence of real terrorists. If Americans were more thoughtful and less gullible…

[Democracy Now video] Glenn Greenwald (good guy/peacemaker!): With Death of Anwar al-Awlaki, Has U.S. Launched New Era of Killing U.S. Citizens Without Charge? — The problem is that American political culture is such that evidence doesn’t make a difference. Trials and due process are very pre-9/11 — Only the citizenry can ensure that those rights are not trampled on; and the question is whether citizens actually believe in those.

[video] Peter Schiff on Michael Moore’s ‘End Capitalism Not The Fed’ Comment

Michael Moore End Capitalism Not The Fed, Peter Schiff Rebuttal at Ron Paul Rally

Uploaded by on Sep 29, 2011

It’s important to note, that WeAreChange respects everyone’s opinions and views, and of course, we have our own. We are here simply to ask the questions that we see fit about the issues that we see important. If you disagree with Schiff or Moore please keep your dialog productive and scholarly instead of hateful and slanderous.

That’s why we are here to further the dialog on important issues that divide many Americans.

Help We Are Change produce more videos like this! http://www.wearechange.org/?page_id=9453

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Mike Adam’s Natural News Headlines

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Herman Cain Confronted with the Quotes of the Founders on Fed Banking Power

We Are Change Iowa & Minnesota
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Activists from We Are Change in both Iowa and Minnesota confront 2012 candidate Herman Cain with the quotes of the founders themselves on the danger of banking powers. Cain later denies being ‘familiar’ with the agenda and aims of the Council on Foreign Relations.

Herman Cain Featuring: Iowa & MNChange. We Are NOT Stupid, Mr.Cain. We Are Change!

Uploaded by on Aug 12, 2011

Herman Cain Spoke in Cedar Falls IA before a group of GOP Supporters. He got Flustered and said “I don’t think you have any hard questions for me.” Yet in his book we are accused of being Paul Bots. Herman you need to Google We Are Change. Soon Herman and his entourage will know the name and he will know we are not endorsed nor ordered to do anything except as the hard questions. Herman it was nice to see some Ghetto come out. Hope you see this. Until next time Herman! Ps Next Time We Are Change talks with you we will confirm we are not doing this by any instruction by anyone. We are doing what we do because the Constitution is not being followed and the Cowards who hide behind the Bankers and lies will be held accountable! He must be used to being asked questions by the (MSM) Campaign! Do Some more research on the CFR Herman, we will see you again soon :)