On the Payment of Interest

Courtesy of Hugo Salinas Price @ Plata:

The question of interest has occupied thinkers for more than two thousand years. Aristotle came to the conclusion that interest is illegitimate and cannot be justified, since “money cannot beget money”, unlike all living things which reproduce themselves. Since “money cannot beget money”, Aristotle argued that it is unreasonable and impossible to demand that money lent should be repaid with a greater amount than the amount of the original loan.

The thinking of Aristotle influenced the Catholic Church, which for centuries banned the taking of interest. Loans with interest were made by Jews, not subject to the laws of the Catholic Church, and by Christians who sinned in doing so, and circumvented the prohibition on interest by schemes which hid the interest under other labels. It was at least partly due to a sense of having sinned, and in atonement for it, that the heads of the great financial dynasty of the Medici of Florence contributed so heavily to the building of the Renaissance temples of that city, and paid splendidly for the beautiful religious art of that period.

There is still, today, a minority who agree with Aristotle. And of course, there is the Islamic ban on the taking of interest, which is substituted in Islamic law or sharia, by having the lender participate, according to a set of rules, in the profits expected by the borrower as a result of obtaining a loan. (Note: I am not endorsing all modern Islamic banking, because it seems to me that the Islamic bankers may be evading their religious law by various schemes, just as the Medici did in their time; one important Islamic scholar and leader has told me that Islam is flatly against all payment of interest whatsoever.)

A popular argument against the Western banking system is frequently expressed as “the banks make loans and in doing so, create money; but they do not create the money to pay the interest. Therefore, the system is unsound and must collapse eventually.” This would appear to be a variant of the Aristotelian objection.

The argument that “banks make loans and thus create money, but do not create the money to pay the interest on the loan” is a specious and confusing argument because, on the one hand the power which modern banking systems have to create money out of nothing by granting credit is an anti-social power based on fraud, since real money can only be gold and silver and these cannot be created out of nothing. And on the other hand, the idea that “there is not enough money in existence at any moment to pay the interest due on loans” is fallacious, because all interest does not come due at any given moment; the payment of interest takes place over time as debts mature and become payable. Continue reading

E.U. Officially Adopts the Bank Depositors Bail-In

Almost a year ago to the day I wrote a piece called Derivatives and the Real World Implications, citing that bail-ins would be coming to the UK. This issue has been picked up by Andy Sutton @ Market Oracle.com, well here’s the proof but not all hope is lost. You can still exchange your worthless pieces of paper and digital 1’s and 0’s for gold and silver. People have foolishly put their faith in government and their ability to manage ‘money’, they have failed us but it is all by design and agenda. Fail to prepare, prepare to fail:

It has now been more than a year since that fateful weekend in the Mediterranean when everything changed. However, like most of the big changes we’ve seen lately, there is a subtlety afoot that somehow results in few noticing. This should surprise no one really. How the world can change in such dramatic ways without any type of mass awakening is a topic more for the psychologists who help pull the strings and the evil they represent than for anyone involved in the analysis of economics and events, but I say the above so that you know you’re not kidding anyone.

Even a year later, the subtlety continues and ignorance abounds. Most still don’t know the ramifications of the passage of the Dodd-Frank bill back in 2010. They take it at its word that it is a consumer protection act, but is nothing of the sort. They’ll reap what they sow. The evidence has been plentiful, the analysis outstanding. There have been countless opportunities for people to learn of the truth. Ours is not to concern ourselves with those who refuse to have their eyes opened, but for those who are seeking knowledge. After all, nobody can fault someone who doesn’t know, but wants to. There are plenty who do, especially in light of the EU’s passage of a new set of bail-in ‘rules’ this week. Much of this was already known and previously agreed to, but there are some more interesting spin-offs and it is definitely worth revisiting. The mere fact that they’re spending so much time prepping for another bank blowup essentially guarantees that one is coming at some point. These things tend to become self-fulfilling prophecies in and of themselves, and when there is so much potential looting and pillaging to be done, all the more so!

We want to state up front that this is an extensive subject and that it is impossible to provide a comprehensive look at all the facets of the emerging truth regarding the bail-in mechanism and the entire associated minutia in a single essay. Our commitment is to dedicate our remaining articles to this topic alone in the hopes of providing a singular source of information on the topic. Continue reading

Today’s Wealth Destruction Is Hidden By Government Debt

Currently what people view as wealth; savings, bonds, insurance policies, stocks and welfare entitlements, when they actually need to draw on them in their retirement. The amounts they think they will receive will not secure their longevity. The wealth transfer is well underway, already shifting trillions of private losses onto public balance sheets.

The more I reflect on this, how insidious and underhanded it is, from the banking, corporate and political class, that it is legalised theft. We are the victims and our wealth is being transferred and eroded, how does that make you feel? That people who you will probably never meet are determining your life and ensuring you will not have the protection or the ability to survive long term. We are being harvested for profit and it will ensure that all assets will be owned by a few. Welcome to the neo-feudal age of the corporatocracy…it doesn’t have to be like this.

There is one choice that all of us have to make, accept it or change it. Courtesy of Phil Bagus of The Ludwig von Mises Institute: Continue reading

Gold, NWO, Elites and the Great Game

Perspective, while mulling over a quandary or event, is not only ensightful but liberating. Taking a step back, as well as a deep breath or two and looking at the problem from a different angle, can provide your soul with remedies and answers. I came across TSPU blog sometime ago, he provides much needed perspective in a world which is very much short sighted. The following is his blurb…

“When you lay out all possible pathways, no matter how ridiculous or counterintuitive they may seem, and sort the multitude of data, events, and actions upon their appropriate piles, a new reality may emerge to compete against your own bias. It is your ability to believe and amend your belief system, which separates you from the masses. The task is not so much to see what no one yet has seen, but to think what no body yet has thought about that which everyone sees.” Arthur Schopenhauer, 1818

When looking at the inequality, malfeasance, theft, fraud and war in the world there has to be a master plan. Cui Bono (who benefits)? Always follow the Money Gold. Courtesy of Two Short Planks Unplugged:

Please read Jim Sinclairs’ comments on King World News and then my comments from a previous thread on Cyprus.

Jim Sinclair: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/28_Sinclair_-_The_Elites_Frightening_Plan_To_Control_The_Masses.html

Check and test my comments against reality, don’t take them for granted. I am not attempting to persuade anyone or force any agenda, I just know that if I’m correct they will flip the switch once all physical has left the system (System Reset) and since physical supply is now cavitating, we may not be far away. Also, in line with Holdren’s Ecoscience paper which calls for a wealth transfer to the East from the West, once the physical Gold supply finally dries up, that’s it.

It may pay to revisit these comments as future events unfolds.

[Who/What Are The Elites]

ADDED: Note, the CEOs and Directorship within agencies of the NWO entities may not fully know the extent of their role. It is the role of the “Power & Control Centres” (US Council on Foreign Relations, Bilderberg Group etc) to disseminate Elite instruction as Power and the Control agencies, and to stitch the layers together. This is where the rubber meets the road.



[Elites problems]


ADDED: Australia has now chosen to extend monetary alignment with BRICS via currency swaps with China and the RBA purchasing of Chinese Bonds.

A mate of mine asked me what’s going on in Cyprus and Europe as a whole….kind of a pointless question without the Big Picture.

Here is my response;
Yeah, the more I read the bigger this whole game is…and it really is a game of winner takes all.

You have many factions woven into several layers within the game. There are the countries around the world, there are the major financial infrastructures, there are the superrich entities, and there are the banking entities which stitch the layers together…which makes sense.

The best way to think of them and how they interact is by way of a Venn Diagram (below), then this will all make much more sense.

Take a simple Venn Diagram with 3 overlapping circles (A + B +C). Note that there are a total of 8 sectors including space outside the circles.


Let’s say that;

A = Are the countries of the world
B = Are the major financial infrastructures of the world
C = Are the banking entities of the world

The next layer is where just two of the major players overlap;

A/B = Military Industrial Complex and Major Corporations
B/C = Central Banks
C/A = Major Banks

You can now see how every entity is affected by every other entity, to varying degrees!

There is also another sector, right at the centre. This is the Superrich entities who own most of the real assets on the planet, such as a vast majority of Military Industrial Complex, the Major Corporations and the Major Banks, as well as most of the natural resources. Since the Major Banks own the Central Banks, then the Superrich own the Central Banks as well.

Now here is where it starts to get a little grey…

Who is at the centre?

Well, there are at least three types of Superrich entities, they are;

1. The ultra-wealthy families who have had money since at least the 1700s’. These families are well known historically but they are very well hidden today, so too is their money (Gold and something else).
2. The Oil wealthy such as the Arab states. These are newcomers to the centre and their future is tied-up with the prosperity of their countries; if the country falls, so do they.
3. The Oligarchical wealthy. More newcomers who have recently emerged from the end of the Cold War. These include most of the families which prospered from the Military Industrial Complex, like the [George] Bushs’, and Mafia type Oligarchs like Putin and his KGB mates.

Ok, so that paints a picture of how all the visible entities fit together…..but there’s another layer. This is a very, very well hidden layer.

Imagine that the Venn Diagram (the whole world) is drawn on a single piece of paper, well, who owns that piece of paper?

I believe that the next and final layer doesn’t really have a name…but I’ll call them the Custodians! The Custodians essentially won 80% of the world between the 1300’s and 1700’s. They comprise of many or most of the Ultra-Wealthy entities dating back as far as the Black Venetian Nobility, the Templars, the Teutonic Templars, the Vatican, and later entities such as the Rothschild family.

On the Venn Diagram these Custodians own most of the paper as well as the entire centre sector of the Venn Diagram.

These Custodians own vast, vast sums of wealth, accumulated over centuries. I believe the sums would be in excess of $700 Trillion. HOWEVER, this figure is not a Dollar figure, or a Yuan figure, or even a Euro figure and this is why…

When Rothschild created the Central Banking System he also created a layering of the system where, the Major Banks in each country owned the Central Banks from whom they borrowed the money. BUT, as with all systems it is built upon a network, and in the case of the Banking System and the entire Global Financial System it is built upon a framework (network) which is 100% owned by these Ultra-Wealthy elite families. It has been this way since the end of the Napoleonic War, where, Napoleon threatened the entire European Banking System as he believed in a Bank of France which lent money at 0% interest…he hated Banks, and Banks hated him!

So the real question is, what is the framework, what is the network?

The Custodial Framework

Bank for International Settlements – Global Banking Computer Network for the movement and transfer of Global Currencies (the Back Bone)
London Bullion Market Association – Physical distribution and controlling agency of Gold (real wealth)
Central banking Network – Physical distribution and controlling agency of Global Currencies (medium of exchange for services, goods and labour)
Organization of the Petroleum Exporting Countries – Global distributor and controlling agency of Global Oil (consumable real wealth)

United Nations – Global Police
World Bank – Global Lender
International Monetary Fund – Global Debt Collector
Intelligence – Custodial Eyes & Ears (Mi6, Mi5, CIA, MSS, Mossad, FSB {KGB}, SIS, CSIS, ASIS, DCRI, BND etc)
Power & Control Centres – US Council on Foreign Relations, European Council on Foreign Relations, Club of Rome, Bilderberg Group, Royal Institute for International Affairs, Trilateral Commission etc.
Main Stream Media – Global Propaganda
Hollywood – Global Propaganda and epicentre for Alternative/Pagan/Kabbalic/Ancient Mystery Religious interests.

ADDED: Note, that even the CEOs and Directorship at these entities may not fully know the extent of their role. It is the role of the “Power & Control Centres” (US Council on Foreign Relations, Bilderberg Group etc) to stitch the layers. This is the where the rubber meets the road.

What you must understand is that Currencies are merely a medium of exchange but Gold is real wealth and Oil is consumable real wealth. Oil is a type of hybrid between Currencies and Gold, this is why Oil States sell Oil in Currency (US Dollars) but there is always a payment in physical Gold as well. Oil has a usable function, Gold has a storable function, currency is merely a rate of exchange. You can think of Currency in terms of energy, Currency isn’t the fuel [or air], Currency is merely the calorific value of the fuel being burned [and rate of burn].

By the very nature of both the framework, we can have a complete and total collapse of the Global Financial System and the Custodians don’t lose a single penny as they can simple create a brand new system at the click of a finger…new Currencies, new Bonds, new Banks, new Political systems….new everything….a brand new farm! This is because they own the machinery to make farms as well as the technology to do so.

People talk about a coming New World Order. If you believe what I have written you will see that it’s not coming at all, it’s already here, and has been here for perhaps 300 years. What they are talking about is merely the next cycle within the existing NWO…nothing more!

If you believe this, then for you the truth is revealed; that the threat of a coming NWO is a False Flag event. It is a deliberate misdirection to distract you from the truth hidden in plain view. If you believe that a NWO may be coming, then by definition, you believe that a NWO cannot currently exist. This is precisely what they want you to believe. They do not want you to realize that the NWO has already been implemented incrementally over the past 300 years and especially since the propagation of the Global Central Banking Cartel whose greatest achievements were the Bank of England, the United States Federal Reserve System, and the Eurozone (including European Central Bank).

There is of course one thing which they cannot create at the click of a finger…Gold!

When financial systems collapse the wealth transfer goes into Gold, which then becomes the store of wealth until a new system is put in place, then, the wealth transfer goes back into the new financial system. So, owning Gold is owning a piece of the next financial system, not the current financial system…get it? This [post-transition period] is when Gold is most potent.

For this reason, every time the financial system becomes fragile, every entity always runs to Gold. Often they don’t really understand as to why, but they do nonetheless.

The real reason as to importance of Gold is very, very simple. Gold doesn’t sit within the Global Financial System itself, it sits outside the system (outside the Venn Circles), resting on the blank white paper which is mostly owned by the Ultra-Wealthy. In visible terms it is like the ‘Construct’ in the movie the Matrix, something which underpins the false reality which is created upon it.

To own Gold is to own both a commodity which is assigned a Currency value as well as a piece of the next framework, a piece of the next financial system. Everything else is which is going on is just noise and distractions to the masses….’Bread and Circuses’.

Currently, we are seeing suppression in Gold. I believe the reasoning behind this is to buy-time, enough time so that the framework and network have sufficient Gold reserves to restart the system and a long enough period of time so that the Gold buying is invisible to the general public, so as to avoid a panic or ‘run’. In any case, the next cycle is inevitable and it is coming whether we like it or not, or whether we are prepared or not.

Post WWII, but perhaps earlier, it was realised that Gold must be removed from the financial system. The excuse given was that it impaired the Banking Systems’ ability to expand and therefore protection ‘US’ from future crises (Keynesianism). A lie which even the bankers bought into…why wouldn’t they?! [think unlimited Fiat expansion]

The real reason Gold was systematically removed from the financial system (Globally) was to place it even deeper into the financial system (LOL). A Gold Standard is akin to Gold acting like the mortar between the financial bricks of the Global Economic Building however, removing the Gold simply meant that Gold then flowed into private vaults of the same entities who owned the Gold within Central Bank vaults in the first place. They merely relocated the financial strength.

The Gold was replaced by ‘Promise To Pay’ and it flowed into the foundations on which the entire building is built (BIS etc). In this way, the building can be knocked down and rebuilt, using the foundations over and over again. The Gold never left the structure at all, it was merely reassigned.

So, instead of Gold being used as the mortar between the bricks of the Global Economic Building, we have ‘Good Will’, and good will can be expanded easily…but it can also erode just as quickly (faith). This is why we will either see a Global Financial Reboot, or, they will push Gold back up into the Mortar (Bond backing).

In essence, the removal of Gold meant that the nature of the system transformed from ‘Fixed’ to ‘Recyclable’, so long as the foundations are retained.

I don’t envisage Gold as money, or currency, or even wealth, that’s too rigid. It’s like a Stem Cell; it can be grown into other things.

Just because Gold may re-enter the system doesn’t mean ownership changes.

Also, don’t think that Central Bank Gold Reserves being leased out is criminal, because the entities who own the Central Banks are the same people who are leasing the Gold, as well as all the intermediaries in-between.

So what’s happening in Cyprus? Well, Cyprus is the very first indicator of two things, they are;
1. That currency really isn’t owned by the depositor and is in fact owned by the representative Central Bank, and in turn, by the owning Banks, and in turn again, by the mob I discussed originally.
2. That the Global Central Banking cartel has blocked all the exits by taking over every other Central Bank in the world, or is very close to it.

“Give me the power to issue a nation’s money; then I do not care who makes the law”

[Responding to Comment]
The following comments MUST be kept in the context of my previous posts (in ‘Cyprus, Shock Turns to Anger’) where, a single sector of society (Ultra Wealthy) own not only most/all currencies on earth through Bank-to-Central-Bank ownership, but, in excess of 70% of above ground gold (CB gold, private vaults etc).

An analogy to give meaning…
Imagine one person owning all airlines on earth, and to hedge those airlines that same investor owned all oil stocks on earth. Imagine the price-setting power that individual would have, on travel, trade, farming, manufacturing, politics, banks…it’s endless!

So long as that individual decides that business must go on then, he/she is free to manipulate any market desired so that the desired Politico-Power-Outcome emerges in his/her favour. Does this person lose any wealth so long as global expansion is growing….nope! He or she is untouchable!

Now, replace airlines with gold, and oil with currencies….imagine the omnipotent and omniscient power and influence that person would have in world affairs; that person would quite literally run the place…..Woodrow Wilson you ask?

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

– Rothschild brothers, 1863 –

I hope you can see this quotation shine in the light of modern events (Cyprus is a classic).

Now, Mayer Rothschild wasn’t dumb, in fact, I’d hate to say it, but to me he was quite literally a genius, and in the true sense of the word. Einstein was genius because only he could see a path through all the data and concepts on the nature of gravity and light, likewise, Rothschild saw a path through the history of money. He knew the power of fiat lay in the transfer of wealth from purchasing power.

Rothschild also knew the power of the layering of command, and the brilliant use of agents. Anti-Semitism forced Rothschild to operate behind the scenes, and this is what I believed happened to not only the people who comprise the wealthiest families on the planet, but also to their wealth; they and their wealth are next to invisible…and this takes us back to my post in ‘Cyprus, Shock Turns to Anger’.

Back to my point…

On Currency Inflation: Expanding CB balance sheets may only have limited affects within global economy undergoing Destruction Of Demand.

Destruction Of Demand: Money Velocity in Western countries is very low and not picking up. For the most part, the East makes the stuff the West consumes…so how can the East prosper? It can’t, it won’t. Internal consumption is a myth.

Debt: The origin of this Destruction Of Demand cycle lies in the spread between Base Money (Bank Reserves and Currency in circulation, and that of Bank Assets (a Bank Asset is its’ own Debt). This figure is around $80 Trillion. Up to this point this has been the main culprit of the increasing viscosity of the currencies running throughout the global economy. Feeding QE into the system does little more than adding kerosene to Oil, it lowers the viscosity and allows the oil to fee-up sure, but the quality of the properties of the oil itself have been compromised. With QE, money is losing its’ money-ness.

Derivatives: This is the monster which is slowly but surely gaining potency ground on the problem of debt (stated above). I would have to guess, but 90% of derivatives must hinge upon the US Dollar. That’s a ticking WMD, no? Also, watch what happens when the rich get hunted for their wealth and they start defaulting on their derivative positions.

Blame: Well, let’s face it, everyone wanted to get rich quick and few stopped to question loose monetary policy as property prices soared up-n-up. That being said, there’s a reason Greenspan has special protective powers afforded unto him by the BIS in the execution of his duties. What I am alluding to here, is that I believe the BIS (“Custodial Framework…Back Bone”), through Alan Greenspan as Fed Chairman, deliberately commenced the expansion of the Fed balance sheet, all the from the DotCom bubble, way up and into the Housing Boom. The net affect of all this, in his own words;

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights (Cyprus, Fiat or Gold). If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard”

So when you add up all the individual pieces of the jigsaw puzzle, and there are millions, the picture is still incomplete…and that’s deliberate!

Agenda21: A continuation of the UNs’ earth Summit, which is a continuation of Holdrens’ Ecoscience (1977). In simple terms, this is a blueprint for an Ultra Wealthy Utopian World where a sustainable global society exist a level standards of living (a few pegs above subsistence), and where a global elite, ruling class, sees-in a new era, new return, of Global Monarchical Rule. Agenda21 is all around us, in every state, in every suburb, and it is slowly but surely worming its’ way into becoming, trendy.

The future isn’t a rosy one I’m afraid. I believe that in due course, the financial system will be sacrificed for a new one. One day you’ll come to the stark realisation that all of the myth and legend about Gold and Silver turn out to be more than true.

The next system will come with strings. Expect UN demands that the modern financial system (currently operating with the supposition that there are in fact zero limits to growth) be widely accepted as ‘Unsustainable’ old stupidity and ignorance, and that a new, strict, system be adopted…Agenda21 will also be signed upon in ‘Hard Treaty’ across all nations. Custodial Global Monarchical Rule 101.

[Elites problems]

Whether the solution be benign or otherwise, the owners of this system (assuming they exist) have two fundamental problems, they are;

1. A failing financial system, which they own, in which they derive wealth and status from (so, gotta keep it going or start a new one similar).
2. An overpopulating world which will kill itself if it continues.

They are damned if they do and dammed if they don’t. In the end, both problems will be solved via a single solution…and it ain’t pretty!

NOTE: If my thoughts on all this turn out to be even remotely close, then we must think of Agenda21 in its’ corrects terms….A ‘Tennancy Agreement’, as scary as that sounds, AND, the possession of Gold to reduce ones’ usufructuary exposure.

Usufruct (Ceasar owns all): http://www.youtube.com/watch?v=AmLT5WGMJj8&feature=related

[BRICS] http://www.zerohedge.com/news/2013-04-04/cyprus-shock-turns-anger#comment-3411456

ADDED: Australia has now chosen to extend monetary alignment with BRICS via currency swaps with China and the RBA purchasing of Chinese Bonds.

The BRICs have been troubling me also…all I can say is watch what they do.

China has been Cyber Attacking Australia’s Reserve Bank. The RBA claims the Chinese are leaving bread crumbs but they are attempting to find out what RBA’s Rates will be doing. Maybe so, but I personally believe that China is trying to find out what the RBA is thinking and doing about Australia’s Gold Reserves.

If this assumption is correct, then it stands to reason that BRICS are perhaps trying to make sure they’re are well ahead of the curve.

Remember, Australia is part of the Commonwealth. Australia’s’ Intelligence Agencies are closely knitted to the United Kingdoms, as with Canada’s (SIS {Mi6} = ASIS = CSIS). They have very similar structures and that’s not a coincidence.

Although China and Australia’s trading relationship and citizenry are quite close, China is very aware that the Commonwealth and the Peoples’ Republic of China are chalk and cheese.

Nigel Farage @ Sovereign Man…Get your money out of EU banks

I’m no fan of UKIP but I do like Mr Farage when it comes to Europe. In 2 minutes he berates the Euro, Francois Hollande and tells savers and investors alike, get your money out of the Euro zone banks before they come for your money.

He also mentions Slovenia being the next to require a bailout which I’ve been talking about with friends for the last couple of months…we’ll be hearing more on Luxembourg soon and not forgetting the bank fraud at AIB in Ireland. Video was from the Sovereign Man conference in Chile.


20 signs that the next Great Depression is here in Europe

This next article is taken from Zerohedge and states the 20 signs that the next Great Depression has already started in Europe…When will Mr Cameron admit that it’s much worse than what he claims it to be?


#1 The unemployment rate in France has surged to 10.6 percent, and the number of jobless claims in that country recently set a new all-time record.

#2 Unemployment in the eurozone as a whole is sitting at an all-time record of 12 percent.

#3 Two years ago, Portugal’s unemployment rate was about 12 percent. Today, it is about 17 percent.

#4 The unemployment rate in Spain has set a new all-time record of 27 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.

#5 The unemployment rate among those under the age of 25 in Spain is an astounding 57.2 percent.

#6 The unemployment rate in Greece has set a new all-time record of 27.2 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.

#7 The unemployment rate among those under the age of 25 in Greece is a whopping 59.3 percent.

#8 French car sales in March were 16 percent lower than they were one year earlier.

#9 German car sales in March were 17 percent lower than they were one year earlier.

#10 In the Netherlands, consumer debt is now up to about 250 percent of available income.

#11 Industrial production in Italy has fallen by an astounding 25 percent over the past five years.

#12 The number of Spanish firms filing for bankruptcy is 45 percent higher than it was a year ago.

#13 Since 2007, the value of non-performing loans in Europe has increased by 150 percent.

#14 Bank withdrawals in Cyprus during the month of March were double what they were in February even though the banks were closed for half the month.

#15 Due to an absolutely crippling housing crash, there are approximately 3 million vacant homes in Spain today.

#16 Things have gotten so bad in Spain that entire apartment buildings are being overwhelmed by squatters…

A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters.
“This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters”.

#17 As I wrote about the other day, child hunger has become so rampant in Greece that teachers are reporting that hungry children are begging their classmates for food.

#18 The debt to GDP ratio in Italy is now up to 136 percent.

#19 25 percent of all banking assets in the UK are in banks that are leveraged at least 40 to 1.

#20 German banking giant Deutsche Bank has more than 55 trillion euros (which is more than 72 trillion dollars) of exposure to derivatives. But the GDP of Germany for an entire year is only about 2.7 trillion euros.

Peter Schiff, best-selling author and CEO of Euro Pacific Capital comments on the US:

“The crisis is imminent,” Schiff said. “I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”
“We’re broke, Schiff added. “We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”
Schiff points out that the market gains experienced recently, with the Dow first topping 14,000 on its way to setting record highs, are giving investors a false sense of security.
“It’s not that the stock market is gaining value… it’s that our money is losing value. And so if you have a debased currency… a devalued currency, the price of everything goes up. Stocks are no exception,” he said.
“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”

I’m not putting these articles on here to scare or spread fear, I’d like people to be aware that the markets are fixed, the economic data is terrible and window dressed and we will be in for some hard times.

We need a revolution in thinking and we will all need to participate in how the next system is put in place. The people who are perpetrating this mass financial scam of a Ponzi scheme need to be held account and prosecuted accordingly.

I’ve said it before and will say again, the system is not failing its just coming to its logical conclusion.