Prepare For The Coming Economic Collapse

Federal Reserve Chairman Ben Bernanke is not going to save our economy.  He supposedly didn't see the last financial crisis coming, and even after things started falling apart he continued to insist that that everything was fine. Housing prices would not go down and that we would not have a recession.

Wrong. We had the worst housing crash and the worst recession since the Great Depression of the 1930s.

But still millions of Americans are trusting him to save us this time around. It didn't happen in 2008 and it's not going to happen now.

One of the biggest flaws in our financial system is with the Federal Reserve system itself. The U.S. government is 16 trillion dollars in debt is because the system is designed to create gigantic amounts of government debt. And even if we replaced every corrupt and/or incompetent politician our economic problems would still persist.

Most Americans are pinning their hopes for an economic turnaround on the upcoming election, but the truth is that neither Obama or Romney has a plan that will fix it. The total amount of all debt in the United States has gone from less than 2 trillion dollars to almost 55 trillion dollars in 40 years...and 8 Presidents. Economic collapse is going to happen no which political party is in power.

It is very probable you could wake up one day soon and discover that because Ben Bernanke has printed trillions upon trillions of new dollars to "fix" the financial system your life savings have been devalued by 50 percent.

That may sound extreme but this is what millions of Europeans are extremely worried about right now. In Spain there has been a full-blown run on the banks. In July alone, 94 billion dollars was pulled out of the Spanish banking system - the equivalent of 7 percent of Spain's GDP...in one month!

Time is running out.  In fact, we might not have much time left at all before the next major downturn. September will be a pivotal month. Be ready.

Related articles

• The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming
• If You Aren't Prepared for an Economic Collapse, Here's What Could Happen to You...
• Does Bernanke Hate Old People?

Economic Collapse Will Happen No Matter Who Wins Election

Our incumbent President says that things are getting better, jobs are being created, and America is on the road to recovery. His opponent, Governor Mitt Romney, says the opposite, but claims he has a plan that will turn things around and bring prosperity back.

According to free market proponent Peter Schiff, it doesn’t matter who wins, because the crunch is coming – and it’s going to become apparent during the next President’s administration.

He [Mitt Romney] is not going to prevent the crisis. 

We’re headed for a real economic collapse regardless of who wins this election. 

The government has over-promised. There are gigantic Ponzi schemes. They do not work. Meanwhile, the only reason the economy has not collapsed is because interest rates are artificially low. the Fed cannot keep interest rates low indefinitely, and when interest rates go up the party is over. And then we’re not going to have a choice anymore.

We’re going to have to finally deal with these problems or destroy our currency, and that is a real economic crisis that is going to make 2008 look like a walk in the park. 

[The crunch] is going to happen in the next administration.

We can’t fix these problems by repealing Obamacare and cutting taxes. We have structural problems that underline the U.S. economy that are very deep that require real free market reforms, and unfortunately none of the major candidates are even talking about that right now.

Peter Schiff was ahead of the collapse of 2008, warning clients of his firm Euro Pacific Capital that global equities would crash as a result of fraud, unservicable debt levels and a failed monetary policy. After the crash he, like many others, urged Congress to address the fundamental problems within the US economy, including fiscal, monetary and economic policy reform.

He and the American citizenry were ignored as Washington not only didn’t listen, but engaged in exactly the opposite of what should have been done.

Four years on we’re worse off than ever before, with more money having been borrowed from foreign creditors and stolen by the government from taxpayers under the guise of bailing out essential financial and manufacturing sectors of the global economy.

We’re in too deep folks. At this point, it cannot be stopped.

Trillions of dollars are owed, and as a country we have no way to make good on that debt.

Confidence in the US dollar will soon be lost, and when that happens we will experience a collapse in the United States and the global economy unlike any that has ever been witnessed in the history of the world.

Historians will write about this era for centuries to come, just as they write of Rome today.

Mac Slavo

Obama Counts On College Voters

As college students return to campus, President Barack Obama’s campaign will be there waiting for them.

Obama aides sees college campuses as fertile ground for registering and recruiting some of the more than 15 million young people who have become eligible to vote since the 2008 election. As Republicans hold their party convention in Florida this week, the president will make a personal appeal to college voters in three university towns: Ames, Iowa; Fort Collins, Colo.; and Charlottesville, Va.

Obama’s victory four years ago was propelled in part by his overwhelming support among college-aged voters, and polls show him leading Republican rival Mitt Romney with that group in this year’s race.

But the president faces an undeniable challenge as he seeks to convince young people that he is the right steward for the economy as they eye a shaky post-graduation job market.

Seeking to overcome that economic uncertainty, Obama’s campus staffers and volunteers are touting the president’s positions on social issues, like gay rights, that garner significant support among young people. Obama has stressed his effort to freeze the interest rates on new federal student loans, a pitch he personalizes by reminding voters that he and the first lady were once buried under a “mountain” of student loan debt after law school.

They also see a fresh opportunity to court students – and their parents – following Romney’s pick of Paul Ryan as his running mate. Democrats say Ryan’s budget would cut funding for Pell Grants, the federal need-based program for students, and Obama’s campaign is running television advertisements in battleground states trying to link Romney to that plan.

Campaigning last week at Capital University in Ohio, Obama told students that Romney’s economic plan “makes one thing clear: He does not think investing in your future is worth it. He doesn’t think that’s a good investment. I do.”

Before departing on his two-day trip, Obama was to deliver a statement on Tropical Storm Isaac from the White House. Administration and campaign officials were monitoring the storm as it barreled toward the Gulf Coast, but as of Tuesday morning, the president still planned to proceed with his travels.

Obama was scheduled to speak Tuesday at Iowa State University and Colorado State University. The University of Virginia rejected his campaign’s request to hold an event on campus Wednesday, saying it would cause the cancellation or disruption of classes on the second day of the semester. The event was instead being held at an off-campus pavilion in Charlottesville.

Romney’s campaign sees an opportunity to cut into the president’s support among young people by pushing a three-pronged economic argument focusing on the nation’s high unemployment rate, the soaring cost of college and the national debt.

“These kids haven’t even entered the workforce and they already owe the government a bill for the debt Obama has rung up,” said Joshua Baca, the Romney campaign’s national coalitions director.

Obama campaign officials say the start of the new school year is a particularly crucial time to ramp up college registration and make sure those new voters get to the polls. In many of the battleground states, about 50 percent of the college students register to vote on campus after Labor Day, according to the campaign. And even those who are already registered may need to change their address or other personal details after moving to new dorms.

At the University of Dayton, Daniel Rajaiah encourages his fellow Democrats to carry voter registration forms to class, to parties and around campus in case they find someone who hasn’t yet registered. Members of the College Democrats set up tables in the middle of campus a few days a week to catch students walking to class or to the cafeteria.

“Our game plan this fall is to hit voter registration very hard,” said Rajaiah, who is president of the College Democrats of Ohio.

Obama’s campaign said it registered 10,000 voters on college campuses in Ohio last week and signed up 300 new volunteers at colleges in Iowa.

Four years ago, Obama won two-thirds of the vote among 18- to 29-year-olds, compared with just 32 percent for his Republican opponent, Sen. John McCain, according to exit polls.

An Associated Press-GfK poll released last week showed Obama again holding a broad advantage among younger voters, with 54 percent of registered voters under 35 saying they would vote for Obama and 38 percent backing Romney.