My Debt Cancellation hero is Professor Steve Keen of Australia.
He said in a recent video
1) We have the greatest level of debt to GDP to cancel in 500 years which means we are approaching the greatest Depression in 500 years. That means the greatest levels of Austerity unemployment, wage cuts, defaults, bankruptcies and starvation in 500 years in Europe, North America and the rest of the world. Of course if we followed Dr Keen’s advice on Debt Cancellation we know for a certainty: ‘This need not be.’
2) The nations which have been deindustrialized (emphasis on America) will face the hardest landing when debts are cancelled and we are forced to face reality. He said he feared for the fate of those people in deindustrialized nations when the paper Bubble is pierced.
American deindustrialization began in 1994 with the passage of the North American Free Trade Act. The Federal Reserve has just announced it will begin or really continue buying up fraudulent Mortgage Backed Securities. This will free up cash for the banks to drive up food prices by buying even more commodities in the futures markets. Foreigners will realize our current inflation will accelerate and rise rapidly after the elections. The real inflation rate is 10% but will go higher as the dumping of the dollar accelerates. Investors are buying gold and silver. The dollar has declined in value which makes imports including oil more expensive. China simultaneously announced that they will trade for oil in yuan. Henry Kissinger invented the Petrodollar after th1973 Arab-Israeli war. America needed wars and rumors of ward in the Mideast to spike oil prices higher. Higher oil prices were good for the dollar because OPEC took all those excess dollars they earned to buy US Treasury bonds. The Japanese and the Chinese who have no oil ran huge trade surpluses with America which they used to buy oil. And all those Petrodollars were forwarded to Washington to fund America’s wars for Israel.
The Petrodollar is near death. I recently wrote that the Chinese are buying gold as if they knew the dollar would die very soon. Consider this fact. The FED is starting to accelerate inflation from a 10% base which will severely punish anyone holding dollars. And with the Federal Reserve announcing they will keep interest rates low through 2015 we know the dollar will decline rapidly. Who would buy a Treasury bond paying 3% interest when he reads that the inflation rate has just reached 15%? Who would hold onto a Treasury bond he bought last year after he reads that the American inflation rate has soared to 20%? And will anyone hold dollars after the inflation rate reaches 25%? I have defined a 25% inflation as the beginning point for Hyperinflation for an international reserve currency like the dollar.
There is a tipping point at which everyone including America’s best friends will clearly see the end is nigh and dump the dollar. I have been predicting a crash after the elections for some time. I have also been predicting a Bretton Woods type conference will be called at which the dollar is devalued by at least 40%. That is the end of the America we knew. Combined with am existing 10% inflation rate that means your wages and pensions will be cut in half. Inflation was recently quieted in America for a few months with the decline in the value of the euro but now once again the euro is rising and the dollar is declining. Food and gasoline prices are once again rising steadily.
There will be an economic shock within 4 weeks. I believe its purpose will be to stampede the voters into voting for Romney as Obama has outlived his usefulness. Both men are puppets of the New World Order. This period before the elections might well be your last chance to stock up on food before the dollar crashes.
I must repeat that all of this suffering is not necessary. It began with the creation of the Federal Reserve in 1913. We can stop it by repealing the Federal Reserve Act and ending both fractional reserve banking and interest bearing currencies.
I wrote an article some time ago about your wages being cut in half. The rise in inflation was slowed a bit by the rise in the dollar due to the euro’s decline which has now been reversed. The dollar’s demise will be swift with the announcement of Quantitative Easing to Infinity. Fasten your seat belts. Anyone who gets paid in dollars is in for a bumpy ride.
An online friend in South Africa has made a video of that article. Please share it and this final warning.
Notes: This first article is really important in terms of solving our economic problems through Debt Cancellation.
The New Economics, Radical Solutions Required And Offered
https://vidrebel.wordpress.com/2012/09/11/the-new-economics-radical-solutions-required-and-offered/
The Chinese Are Buying Gold As If They Knew The Dollar Would Die Very Soon
This next article explains why fractional reserve banking must be abolished.
IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.
The Bankers Want America To Lose World War III
https://vidrebel.wordpress.com/2011/08/08/the-bankers-want-america-to-lose-world-war-iii/
LOL!! I Stole 3.5 Trillion Dollars From You. I Dare You To Do Something.
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Dear Video Rebel horse237,
Thanks for all your excellent writings which help us see what is really going on. And thanks especially for your solutions.
Below is a blog from a friend from Boston addressing the epidemic of soldier suicides.
Sent: Wednesday, August 29, 2012 12:48 AM
Subject: Stop the 9/11 Military Suicide Epidemic
Thoughts welcome.
I’m thinking we need to be extraordinarily bold and even provocative this year. This draft is from a truth and reconciliation angle, which I still think is the way. I am asserting that the ongoing suicide epidemic is directly attributable to the 9/11 Lie.
Stop the 9/11 Military Suicide Epidemic
Picture it. You’re an 18-year-old American on 9/11/01. You personally witness on TV nineteen freedom-hating conspirators flying hijacked airliners up and down the northeast corridor of the US, directed by a loser in a cave in Afghanistan. Somehow these inexperienced pilots outfox the mighty US Military. You watch with your own eyes as even the Pentagon is no match for what turns out to be the weakest pilot in the entire loser bunch, Hani Hanjour. You puzzle at how Hanjour could have succeeded, especially since he arrived in Arlington an hour after the entire world knew the US was under attack. Bad enough, you think, that Flight 77’s pilot was a Cessna-school dropout. Worse, Rumsfeld and co. had more than enough advance warning that he might be coming. Then you wondered where all the Pentagon security videos disappeared to; why couldn’t officials produce even a single clear pic of Flight 77 approaching or hitting the Pentagon? You ponder countless other 9/11 oddities and wild coincidences. But more than anything you’re angry. You want justice for what has happened. You step up to protect America from another such attack. You join the US military.
Part of your motivation is pure shock. How could our lightning-quick air defenses have possibly failed to intercept even one of the four slow-moving airliners, over a two-hour window no less? Maybe America isn’t a super power after all, you dare think. Maybe it’s just super-vulnerable, even after the countless trillions in taxes we have lavished on the defense industry. So you join the military because the new Global War on Terror will obviously require more smarts than we witnessed on 9/11.
Picture it. You’re almost 30 now. You have served several tours of duty in far-flung areas of the globe in response to 9/11. But in that time you have also connected a lot of dots and started asking the tough questions. The good news: you have figured out that the US Military wasn’t really to blame for the 9/11 air defense failure. The bad news: you know now about the highly suspicious military drills that confused good and competent people that day. You know now that Dick Cheney was literally tracking the vehicle that struck the Pentagon. And thanks to 1,700+ patriotic Architects and Engineers who were willing to risk their careers, you also know that controlled demolitions were in place at the World Trade Center on 9/11 and that the planes were just a ruse to explain away the so-called collapses. You also know about WTC7, the third steel-frame highrise in history to openly defy Newtons Laws. You have seen the smoking gun. Perhaps a thousand times by now.
You realize that you were duped into serving war criminals but you are ashamed to admit you were so gullible. You start thinking back to the war crimes you witnessed or maybe even took part in. You look in the mirror and you see an enemy, not a friend. You die inside every time someone calls you a hero because you know what really happened. You despair to the depths of your soul and struggle daily with what has been done to you and to your country. And you are afraid to express any of these feelings because people might say you are crazy.
Sometimes you imagine that death might be an easy way out. But death isn’t the answer either because you know in your gut it is the ultimate cop out. The opposite of everything you signed up for. You know the truth must be told.
You know deep down that 9/11 is the problem. But sometimes you forget the truth and blame yourself. You just can’t shake those memories. They haunt you day and night. But please do not forget the truth! That you were victims of The Lie just as surely as we civilians were. More so in fact because you gave your whole life to The Lie. Your family painfully suffered without you for The Lie. You saw cherished friends and innocent civilians die for The Lie.
We empathize. We want you to know that we love you and cherish your commitment to justice, which was, after all, your original motive.
We ask you to please join us in exposing the 9/11 coverup. Be one of the few and the proud who are willing and able to face the full horror of 9/11 with the fearless resolve needed to move us past it. We cannot get there without you. Military veterans still enjoy respect from politicians and most citizens. Your opinion still holds more weight than the average American’s. Please use your advantage in the service of 9/11 truth. Let it be your spiritual redeemer. Let it liberate you from your living hell.
Whatever you do, don’t despair. Don’t let the 9/11 killers snuff out yet another life – your life. No matter what you have seen or done in the name of The Lie, we know you were acting out of love of family and country. We know your intentions were pure. So let us stand together now in forgiveness and love. But most of all in Truth. Please re-enlist in the fight for justice you joined at 18. A little bit older but a whole lot wiser.
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I have been following many of your writings for some time now, and done research into the things that you and others have spoken of. I have stumbled onto some information about the Federal Reserve and the 99 year charter-contract with the USA. According to many sources that charter-contract ends on Dec 21st 2012…just a few months away. Is this true? Do you have knowledge of this? Will the Fed just up and leave the USA then, with all the true wealth while we are left with nothing but Fed Reserve notes? I have talked to others about this and there seems to be no legit answer, and many think the Fed has a permenant contract with America. Our wish of ending the Fed may just be around the corner…but then what we will do, without anythiing to back a new currency. America has already surpassed the amount of debt owed compared to the total amount of assets, including assets of every citizen in the country, including personal property. What are your thoughts on the end of the Federal Reserve charter-contract? Is it bullshit? Is it legit? Many thanks.
The Charter of the FED was extended. Bit it will be cancelled.
We do not need gold to back the dollar. We had a fractional reserve gold standard in 1348 Venice and in 1929 America and they both failed.
We need to repeal both fractional reserve banking and interest bearing currencies.
We need Debt Cancellation to be organized and systematic rather than suffer 10 years of Depression and bankruptcies.
Look at the articles in the Notes to this article.
New Economic explains how I would cancel the dents.
And IMF Economists Admit We Were Wrong explains how to reform the currency.
You have to be weary, apparently this is part of their plan to bottom out the dollar then come up with a solution with the breakdown of the monetary system. This could possibly lead to the tracking chips that will be implanted into each of us. We absolutely do not wont this, trust me. But this is where it is headed and the master minds have had plans for hundreds of years, as throughout history they have controlled everything. People think that gold is going to be the only thing that is worth something, in that system it is but at the end of the day you cannot eat gold, Id say that seeds and livestock will be a good backbone to sit on. Use your land grow food and livestock. It may be some hard years coming up so be the transition. There are other systems to live in, the only one Ive seen is The venus project, Jacque Fresco (I got to meet him)
I think that if we lose, they use those drones to spray us with ebola.
We know too much to be rehabilitated.
Well I believe they are already doing this they call it chemtrails, no one knows for sure what lethal mix they are sprying but I came accross this http://www.youtube.com/watch?feature=player_embedded&v=bxK6iySy9jg
Free Your Mind
excellent work yet again.
steps to personally make a difference:
1) stop using money.
2) stop paying bankers.
3) stop showing respect to bankers.
4) actively disrespect displays of wealth.
5) actively respect displays of productive skill and independent thought.
6) make something useful, and give it away.
7) do not vote.
8) do not comply with unjust laws.
9) act from conscience.
Good to hear from you again. Long time no hear.
Reblogged this on alternative economics.
Thanks.
Would anyone know how long this crisis will last?
Depressions are created by excessive Unpayable Debt in relation to GDP.
Depressions last until governments default on public debt. And bankruptcies discharge debts. And people stop consuming to pay off debts.
This can be prevented by making government debt illegal, take away the ability of banks to collect interest on money they create out of nothing. By having government issue credit. And by making fractional reserve banking illegal. All this is covered in the Notes.
It will last until the Debts are cancelled. The government can cancel the debt in 10 days. If you listen to the Austrian school it will take 20 years only to happen again when fractional reserve banking does it again.
Just checked the exchange rates recently and I’m confused. If the dollar is getting devalued and dumped, why is it the British Sterling and the Euro are at their lowest levels in 10 years to the $$?
Check the value of the euro, the pound and the dollar against gold and silver since 2000. They are all down.
The dollar had a tick up against the euro but is down. All of the major countries are printing money. All of the major countries will decline against gold and silver. I expect a major shock early in October and fulls cale Depression within a few months after the elections.
I’m certainly not trying to be a downer here. I agree wholeheartedly with the urgency to bring about necessary changes to make the world better. However, things have been bad for a while depending on who you are and what background you come from. The economy took a turn in 1913 for some, but for many others it was the colonization of the world that has continued to plague our lives. There are many key issues we have to address to make the world better sooner and this is definitely one of them.
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Dear All,
Just embrace the divine Guidance from our Lord. Embrace the final and the last revalation.
Embrace Islam as it has solution of your every problem.
You will get rid of
– Bankers.
– all the false gods
– All the misery and the agony.
And will get
– Peace of mind and spirit
You will learn
– How to better fight the evil.
– Then you will not do suicide rather fight and die with dignity and honor.
Do not impress from the evil media’s projection of Islam.
Read yourself the Great book of Guidance, the Quran and the life story of the Prophet of Islam.
Best wishes,
Your friend
Iran and China executed banking criminals. Spain used to be a Muslim country. The most popular tee-shirt at protest rallies is a picture of the old Spanish Guillotine.
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The solution is Dent Cancellation. It has worked since the Babylonians.
I have to praise you on such a very educational post.
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Very well written. Thanx
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another desirable work from you again. Keep it up
I have to praise you on such a very beneficial post.
I don’t normally comment on posts but somehow this article caught my attention.
Very well submitted. Great work
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It’s called a “fire sale”…http://www.youtube.com/watch?v=AyGhT3YTP7A
Everything must go! For Satanic scum running rough shod on the planet, timing is very important in order for this New World Order, anti-Christ takes over thingee, to come off without a hitch. You’ve got to make sure that the stock market collapse is timed, synchronized with other events in a pre-planned, global, simultaneous implosion in order to maximize the fear, chaos…maximize the probability of a global takeover by a small, fascist oligarchy.
*You’ve got to make sure the stock market collapse occurs at exactly the same time as the Federal Reserve says the dollar is destroyed, that treasury bills are worthless, mandating a privatized fiat banking world currency, thereby admitting China won the economic war (planned all along) started by the so-called 9/11 (inside job) attacks. Even though it was really caused by all of our jobs and manufacturing deliberately out-sourced to China, necessitating the sell off US public infrastructure, making the entire US a toll-booth economy owned by the oligarchy. Further, these events must be timed to simultaneously occur…
*the toxic mortgage/LIBOR fraud/Social Security looting/S & L pillaging/gold shares implosion maximizes joblessness and homelessness,
*everybody getting inoculated with tainted vaccines,
*Fukushima being allowed to blow up again,
*poisoned GMO food is being consumed by everyone, and hyperinflation makes the price of feeding yourselve out of reach, starting the riots across America,
*DHS deploys the FEMA troops and their 2.0 billion hollow-point bullets and their tanks, opening up its FEMA camps and FEMA exclusion zones,
*gun confiscation,
*drug cartels with their “Fast & Furious” guns start a separatist movement along the border of Mexico,
*all drones are deployed and weaponized,
*missile defense shield is operational,
*a nuclear false-flag, starting WWII, when Israel (City of London, Federal Reserve) gets to nuke Iran, while invading Lebanon and Syria, finally establishing itself as THE world power sitting on its brand spanking new oil depotier centered in Haifa, Israel, c/o the late great USA.
You know, if you’re going to enslave and pillage the world, you have to time things just right, to make sure people don’t figure it out, get organized and start trying to arrest the real bad guys.