Very Real Danger of Collapse: “Could Be So Severe I Don’t Think Our Civilization Could Survive It”

Mac Slavo
SHTFPlan.com
July 18, 2012

The single most important factor responsible for fueling the last several decades of economic growth has been credit expansion. Whether it’s central banks lending money to large financial institutions, or private banks dispersing funds to businesses and individuals, our lifestyles simply would not have been made possible without it – builders couldn’t build homes, manufacturers couldn’t acquire raw materials, and consumers wouldn’t be able to consume. Living in a country whose currency happens to be the reserve trade instrument for the entire globe has had its benefits. We’ve built huge homes, enjoyed healthy diets, taken luxurious vacations; we’ve even exported menial jobs that no civilized members of society would ever engage in to third world labor camps.


In the process we’ve expanded our national debt to unprecedented levels, with some estimates suggesting that our total liabilities and commitments are approaching nearly $200 trillion in the next twenty five years.

By all accounts, we live in a system built on nothing more than a promise to repay what we’ve borrowed. This reverse trickle-down economics has left everyone bloated with debt, including the government as a whole, as well as the individual American who has bought his house, car, furnishings and overall lifestyle by taking on insurmountable levels of debt.

In 2007 we began to see cracks in this supposedly stable economic model. By late 2008 the entire world was in crisis as credit lending on all levels came to a standstill. Stock markets crashed, governments panicked, and the people grasped on to promises of hope and change.

Four years on we’re told that the economy is bouncing back, yet all signs point to continued global malaise. More jobs are destroyed every month than are created, global shipping has all but come to a standstill, homes continue to lose value, and millions upon millions of Americans require government assistance for the most basic of needs.

There is no recovery. The credit crisis has not been averted. Things are going to get far worse before they get better

More here- http://www.infowars.com/very-real-danger-of-collapse-could-be-so-se...

Views: 231

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by Patriot Pete on July 22, 2012 at 10:03pm

lol Troy, (I deleted my post, corrected some spelling then reposted, that's why your comment "Sun Hater" is below my last post)

No! I'm a Sun *worshiper* .... hope I never become and Owl worshiper

Comment by Patriot Pete on July 22, 2012 at 9:55pm

The cost of Electricity has gone through the roof ... because citizens are doing the right thing by the environment by installing solar panels which means there's less consumption of corporation coal fired electricity and to maintain the cost of running those power stations, the electricity charges must inevitably rise. All the solar panel advertising about reducing your power bill becomes irrelevant when your next bill comes in. It's like inflation, a "dog chasing it's tail"

Citizens without solar get hit the hardest from this, they mostly pay the penalty, prompting them to hurry up and install some panels....after which the corporations will hit you harder for the coal fired power that you do use, besides your solar power

Can you see where all this is going ? we'll end up living like Braveheart except with little shiny panels on top of our straw huts.... the mind boggles!

That's right Tyrone, alternative location and alternative ways, that's it and I for one am doing that at present, moving! But the important thing is, do it to escape the top down socialism and politics ... and the rising taxes, our whole being is suffocated by them

Comment by Patriot Pete on July 22, 2012 at 8:45pm

Gettin' close to it Troy ... the State of NSW just bunged on another charge, this time it's a Triple "0" Emergency levy for uninsured homes. (AUTriple "0" = US911)

Also a new tax on plastics! how wide ranging this tax is I've yet to find out, but for drink containers you get something back if you return them

So! we have Income tax (up to 30%), Goods and Services tax (10%), Fuel excise, Carbon tax, Environment levies, fees and charges, State and Local Government fees and charges on just about everything, Road taxes ..... it's all getting out of control and there's less and less each day to show for the mega bucks they're racking in, except of course for the politicians' show case photo ops abroad with fellow Socialists, Fabians and Communists 

Comment by Patriot Pete on July 22, 2012 at 8:03pm

Govts' will raise taxes, fees and charges. It's not inconceivable that you'll be paying 60% of you income in taxes in coming years

that said, here are ....

100 Mind-Blowing Facts About the Economy

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

RFK Jr. Appoinment Rocks the World of the Federal Health Agncies and The Big Pharma Profits!

The Appointment by Trump as Secretary of HHS has sent shockwaves through the federal government…See More
23 hours ago
tjdavis posted a video

Somewhere in California.

Tom Waites and Iggy Pop meet in a midnight diner in Jim Jarmusch's 2003 film Coffee and Cigarettes.
yesterday
cheeki kea commented on cheeki kea's photo
Thumbnail

1 possible 1

"It's possible, but less likely. said the cat."
Monday
cheeki kea posted a photo
Monday
tjdavis posted a blog post
Monday
Tori Kovach commented on cheeki kea's photo
Thumbnail

You are wrong, all of you.

"BECAUSE TARIFFS WILL PUT MONEY IN YOUR POCKETS!"
Monday
Tori Kovach posted photos
Monday
Doc Vega posted a blog post

Whatever Happened?

Whatever Happened?  The unsung heroes will go about their dayRegardless of the welcome they've…See More
Sunday
Doc Vega commented on Doc Vega's blog post A Requiem for the Mass Corruption of the Federal Government
"cheeki kea Nice work! Thank you! "
Sunday
cheeki kea commented on Doc Vega's blog post A Requiem for the Mass Corruption of the Federal Government
"Chin up folks, once the low hanging fruit gets picked off a clearer view will reveal the higher…"
Sunday
Doc Vega's 4 blog posts were featured
Saturday
tjdavis's blog post was featured
Saturday
cheeki kea commented on cheeki kea's blog post Replicon Started in Tokyo October 08, 2024
"Your right LP it's insane for sure and hopefully improbable, keeping an open mind. Checking…"
Saturday
rlionhearted_3 commented on tjdavis's blog post Bill Gates Deleted Documentary
Saturday
rlionhearted_3 commented on tjdavis's blog post Bill Gates Deleted Documentary
"The white dude in the center is Bill Gates!!! "
Saturday
Less Prone favorited tjdavis's blog post Bill Gates Deleted Documentary
Friday
Less Prone commented on tjdavis's blog post Bill Gates Deleted Documentary
"How can this scoundrel walk free? Because he's just one of the many similar ones."
Friday
Less Prone favorited Doc Vega's blog post What Will happen When Robot Brides Replace Human Marriage?
Friday
Less Prone favorited Doc Vega's blog post This is Incredible! Trump is Already releasing Plans to Dismantle the Deep State and Purge the Corrupt Players
Friday
Less Prone commented on cheeki kea's blog post Replicon Started in Tokyo October 08, 2024
"This insane. As if there was a extra-terrestrial enemy who wants to destroy us all."
Friday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted