When They Stop Buying Our Debt: “You’ll See a Worldwide Depression That’ll Make the 1930′s Look Like a Kindergarten”

GREETINGS,

   …..” We are in a world that is passing out of existence — and she is putting up a fight (war) to destroy the nation of righteousness. Be aware! “–pg.189(TFOA)

” The destruction and fall of the world that we have known is now without a doubt, in process. When we refer to the world, we are referring to the world of the white man, for the world of the Black man has yet to come in.

  The world of the Black man, by divine guidance, is now merging in on the old world of the white race. This makes the destruction and fall of the world of the white man imminent. “–pg.170(TFOA)

—-” The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.

  The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.

 

  But today, the currency of America is not backed by any sound value – silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.

 

  This is the number – one fall, and it is very clear that the loss of the power of the American dollar means the loss of the financial power of America. What will happen since there is no sound backing for her notes we do not know.

 

  What should we expect even in the next twelve months under the fall of the power of America’s dollar? This means that we have 100 percent inflation. What could happen under 100 percent inflation? Your guess is as good as mine. The power of gold and silver was once abundant in America. But the touch of the finger of God against the power of so mighty a nation has now caused the crumbling and fall of America. “–pgs.87 & 88(TFOA)

 

When They Stop Buying Our Debt: “You’ll See a Worldwide Depression That’ll Make the 1930′s Look Like a Kindergarten”

SOURCE: poorrichards-blog.blogspot.fr

Mac Slavo at SHTFplan.com

In a recent micro-documentary Chris Duane of The Greatest Truth Never Told and Don’t Tread On Me

discusses the coming collapse of our debt-based monetary system and provides a simple, yet succinct argument for why it cannot be prevented.

There’s $8 Trillion in global sovereign debt that needs to be rolled over in 2012. This does not include state, local, corporate or personal debt. There’s simply not enough cash in the world to buy all this debt.
What is worse – who would? Who in their right mind would loan cash today for ten years for a guaranteed return of 1.85%. We know inflation is at least running at 10% in the real world, and you’re taxed on the gains you make before inflation, making bonds a very bad choice for anybody.
But, this debt must be funded or our entire way of life ends. What most people do not know is that our money is debt. Every dollar that comes into existence has a dollar of debt and interest attached to it. The only way to pay back this debt and interest in this debt-based monetary system is that we need to create more debt every year in excess of the debt and interest accrued the year before, or we suffer the mother of all margin calls.

When that mother of all margin calls does finally happen – and it will because it is a mathematical inevitability – the paradigm shift that will follow promises to fundamentally alter our entire way of life. We’re not just talking about losing jobs, we’re talking about all of those worst case scenarios you’ve imagined about hyperinflation, no gas, no food, no government safety net, no emergency services and a complete breakdown in the rule of law.
These consequences of collapse are well known and have been documented throughout history, and they always end badly for the general population.
The following video, entitled Confiscation and Inflation, takes an excerpt from the 1981 movie Rollover and highlights what we’ve known for decades about how the eventual meltdown of the US dollar and US debt based monetary instruments will come to pass, and the events that will follow.
It’s a fictional account filmed on the heels of the 1970′s oil crisis and recession, and some of the players may have changed, but it’s as timely today as it was in 1981.

When the Arabs learn of word of what they’ve been doing is out they may panic… move a big chunk of funds too fast or the wrong way…really destabilize the monetary markets.
Then the dollar will collapse…..MORE HERE

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