In an interview Max Keiser on Tuesday November 8th said the poor in America will be exterminated. His interviewer was Alex Jones who said the Department of Homeland Security had bought mass incinerators which they said would be needed in case of a plague.
What was the basis of Max’s prediction? He said there was no money to feed the poor on Food Stamps. More about that in a moment.
Bob Chapman put this economic crunch into proper perspective. Chapman has been told by top level bankers who attend Federal Reserve bank meetings at which they have all been told to set aside vault space for New Dollars which will replace the existing dollars. This is being planned a year in advance for the end of the US dollar as the reserve currency of the world. In the old days Americans had to either buy gold coins or English pounds with their dollars in order to import things from overseas. Over the past few decades America has been able to buy oil, food, clothes, toys, cars, computers, cell phones and everything else by printing dollars. When that ends, the cost of every import will double.
Most US dollars currently are overseas and would have to be redeemed and taken out of circulation. Americans will face a permanent 50% wage cut.
Enter Michael Hudson who is a respected academic from the Left who was so angry with Obama that he called him a Republican. He said Obama’s only plan to cure the 23% unemployment rate in America was to cut wages 30%. He said this will fail for 2 reasons. America costs too much to produce anything because it has replaced capitalism with a Finance Capital system. There is an excessive burden placed on Americans who are gouged by the banks on mortgages plus the high cost of healthcare. The US unemployment rate will soar past 30% before this depression is over.
Bob Chapman figured out in 2003 that the elite had decided to take down America based upon his examination of the markets. The elite decided to send American jobs and 50,000 manufacturing plants overseas when they passed NAFTA (North American Free Trade Act) in 1994 and also had the Senate approve the World Trade Organization treaty. Chapman saw the housing Bubble collapsing. He decided that the bankers had burned their bridges behind them. There was no going back. There would be no recovery. The bankers would have to go all out against the American people setting up a dictatorship through a One World government.
I wrote an essay explaining that the bankers wanted America to lose WW III which is why they stretched America’s military supply lines 8,000 miles to China on a dodgy credit card.
Back to Max Keiser who said the government will have to start killing poor people en masse.
When the dollar stops functioning as a reserve currency, the US budget will have to be balanced. And the trade deficit will also have to be balanced which means gasoline will be ten dollars a gallon. There will be no money in the budget for anything but debt service. The current inflation rate is 13% according to Shadow Stats. Even if the inflation rate does not go any higher, interest rates will have to at least quadruple to adequately compensate bondholders for their loss in purchasing power. The current cost of servicing debt is 500 billion dollars a year.
I leave it to the reader to perform the following math: Balance the budget by subtracting 1.7 trillion dollars from the 3.7 trillion dollars in federal outlays to balance the current deficit. Subtract out the lost income taxes when the unemployment rate goes above 30%. Now add in the increased demand for benefits including Food Stamps as inflation and unemployment savage family budgets. Finally take that 500 billion cost of debt service and double it. Then double it again. Now add that to the budget. Finally go over the resulting budget and balance it without killing the poor.
There is a solution to this math problem that does not involve either genocide or war.
Former KGB general Yevgeny Primakov advised the DHS telling them they could put 30 million Americans in FEMA concentration camps. He said they could only throw cans of spam over the fence for so long until they eventually would have to start shooting them.
The bankers will promise you that there will be a recovery just as soon as you surrender to the One World government’s dictatorship.
The unthinkable and forbidden alternative is a debt free money and debt cancellation. It will work and has worked since the time of the Babylonians who had a mathematical formula telling them when to cancel debts. The Bible writers borrowed the idea and called it a debt Jubilee.
Bob Chapman has clarified his position by saying that the New Dollar could only be introduced after an international conference is called and the dollar has been devalued and maybe even after the US defaults on its debt.
The video is quite short and should startle anyone who understands the full implications of not having enough resources to either feed or to police the poor. Food Stamps, unemployment insurance and medical care will all be cancelled. I would expect nationwide food riots to occur prior to America making the decision to either accept or to reject the end of freedom.
I wrote an essay on the number mysticism of 9-11 in which I think 11-9-2012 would be a good date for the elite to announce the conference that ends all that pesky democracy.
The Symbolism Of 11-9-2011 And 9-11-2001
I explained why austerity will not work in this essay:
The Mathematics Of Austerity: Proving Austerity Never Was Even Intended To Work
And finally in this essay’s title is sufficient introduction:
The Bankers Want America To Lose World War III