Nations
are like people, they have a character, a personality and a persona.
They either have resilience and can bounce back from adversity, or they
do not. They either have courage or they cower in the corner because
they are weak and timid in the face of danger. And like with the two men, when countries face the same challenges, one country may thrive and the other country takes a dive.
This
article is about the story of a tale of two countries. One has stared
into the belly of the beast and has survived. The other country is in
the process of being devoured by the same beast but is totally unaware
of the ultimate and fatal fate that awaits most of its anesthetized
citizens who are drunk and distracted on TV, video games, drugs,
consumerism, etc.
Who Am I?
This
country was on the brink of economic Armageddon and the government, on
behalf of the banksters who had hijacked the government, attempted to
steal everything they could before they purposely were going to collapse
the system. Goldman Sachs and Wall Street were the central players
behind the threat. Yet, the brave and intelligent people of this country
found a way to not be taken down by the most corrupt and evil forces on
the planet, namely the Wall Street bankers. This country has taken
corrective measures, in the face of overwhelming adversity and
prosperity is returning to this its citizens. In other words, these
brave citizens may be the only people on the face of the earth who have
successfully stared down the globalists and are defeating them. This
country has tremendous national character and resolve. Who am I?
If you think it is the United States, put your hands down, your answer is incorrect. The answer is Iceland.
The 2008 World’s Economic Meltdown Began In Iceland
America
is ready to enter into the final economic disaster zone. Iceland has
already been there and their journey was inspired and controlled by
Goldman Sachs and fellow Wall Street banksters. Iceland’s journey down
the path to economic Armageddon actually began in the late 1990s and
early 2000s, when Iceland’s Prime Minister David Oddsson, began to do
the bidding of Wall Street bankers and instituted a set of Reagan-style
policies and privatization. According to author, Roger Boyes, as he
documents the world’s descent into economic tyranny in his best-selling
book, Meltdown Iceland, the fix was in and Wall Street began to
financially obliterate Iceland after plundering its hard assets.
Under
the globalists from Wall Street, the banking sector grew rapidly,
propelled by borrowed money. Icelanders could access credit easily in
just the same manner as pre-2008 crash America. Iceland had its own
devastating housing bubble as housing prices escalated exponentially and
consumption skyrocketed. In order to attract international currency
investments, Iceland raised its interest rates to 15% and the same
devastating consequences which befell America was visited upon Iceland.
In 2003-2004, prices on the Iceland stock market increased 900% before
crashing.America, are you nervous yet?
Iceland’s
bubble was no different than any other economic bubble. By 2006, what I
call the heroin effect kicked in and the average Icelander was 300%
wealthier than in 2003, but hopelessly in debt. Iceland was experiencing
a 1929 pre-crash America as well as the symptoms of our impending crash
in 2013. The citizens were seduced by easy money and acted as if they
were addicted to heroin. Meanwhile, the government, banking and
corporate debt grew out of control until the time to pay up finally
arrived.
By
2008 Iceland’s banks collapsed, it was time for Icelanders to pay for
their extravagant ways and 50,000 of its people’s savings were wiped
out. Keep in mind that Iceland only has a population of 300,000. If
those same numbers were to be visited upon America, we would be looking
50 million Americans having their savings wiped out. Let me ask the same question that I always ask at this point. Do
you now understand why DHS has purchased 2.2 billion rounds of
ammunition to go with 2700 armored personnel carriers? Do you now
understand why Jade Helm exists. When the economy collapses, perhaps as
early as the fall of 2015, Jade Helm and their international partners
will be in place to restore order, a New World Order.
From
where I sit, the people of Iceland have more courage in their little
finger than America has in its entire being. Iceland’s financial failure
forced its government to resign or be removed, and it also caused
citizens to re-evaluate the merits of their reckless spending, borrowing
and consumption. Just how did Iceland do it?
Iceland’s
President Olafur Ragnar Grimmson was interviewed in 2013 at the World
Economic Forum in Davos on why Iceland has enjoyed such a strong
recovery after it’s complete
financial collapse in 2008, while the rest of the West is still mired
in debt, poverty and hopelessness to go with empty promises of an
economic recovery.
When asked whether Iceland’s policy of letting the banks fail would have worked in the rest of Europe, Grimsson stated:
“… Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and telecommunication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. People in enlightened democracies are not going to accept that in the long run. …“
Imagine
that, let the banks fail! Let the criminal bankers take the same risk
as any other business venture. Can we imagine Obama ever speaking this
way in public?
And
nearly seven years later, where is Iceland at today? They have jailed
the criminal bankers within their country. If they could get their hands
on Goldman Sachs officials they would. They impeached and convicted
corrupt politicians who were in league with Wall Street, many of which
are serving prison sentences. Iceland made its way to a full economic
recovery while still saying no to the corrupt Goldman Sachs influences
in Europe. Iceland is saying no to the Bank of International
Settlements. Iceland is a beacon of hope for the rest of the G20 nations
including the United States.
Do you remember this former Secretary of Treasury and former Goldman Sachs head, a total criminal, Hank Paulson, who
threatened Congress with martial law if Congress did not hand over the
nation’s money, both present and future, to Wall Street? Don’t remember?
The event(s) was called a “bail-out”. Does that ring a bell?
Damage Control Analysis
Both
countries, faced economic ruin. However, but only one country has
prevailed. Going on seven years after the Wall Street bailouts, where is
America at today? Well, we are nowhere near where Iceland is at today.
Let’s look at a few numbers
Under
the Obama administration, the national debt has doubled as it races by
the $18 trillion mark. It would now take a whopping $170,000+ per
taxpayer to cover the debt. In a moment the $18 trillion dollar debt
will seem like a bargain for what lies ahead.
Under
Obama, taxpayers are covering $2 billion dollars per day in jobless
benefits and other forms of welfare and that number is escalating
dramatically. The Big Three in
health care coverage, Medicare, Medicaid and Obamacare, are adding $1
trillion dollars per year to the deficit. Social Security is adding $1
trillion dollars per year to the deficit.
It should now become clear why Obamacare has a set of eugenics based treatment exclusions which will significantly lower the Social Security deficit due to the planned kill off of the elderly in this country through age exclusions.
The
elective wars of occupation are costing the country $700 billion per
year. And the debt interest is presently at $1 billion dollars per day.
Federal pensions are on the verge of breaking the system. The Civil
Service Retirement System has once again accounted for the majority of
that unfunded liability. The Civil Service Retirement System
debt grew from $634 billion dollars in fiscal year,2010 to over $741
billion dollars in fiscal year 2011, according to the Office of
Personnel Management’s Civil Service Retirement and Disability Fund.
Not to worry, Treasury Secretary Jack Lew
is robbing Peter to pay Paul as he is raiding Federal retirement
programs to cover the failure of not increasing the debt ceiling. Lew
announced that the government was taking the unprecedented action of
avoiding governmental default through last summer by including tapping
into and suspending investments
into the Civil Service Retirement and Disability Fund and halting the
daily reinvestment of the government securities (G) fund, the most
stable offering in the Thrift Savings Plan‘s portfolio. This is all
being done as we continue to fund the bailouts. How much of the bailout
money has Goldman Sachs paid back?
Treasury
Secretary Jack Lew is one of the criminal rat pack that have destroyed
this country and now Obama has put him in charge of the Treasury
Department. As I previously reported, while Lew was employed at
Citigroup, he oversaw 113 tax evading accounts in Cayman Island banks. Based upon Lew’s resume,
his proclivity for losing money, (i.e. the hedge funds for Citigroup
where he lost almost $600 million dollars), one can only assume that is
why Obama has appointed Lew to finish the job which will leave you and I
with nothing. In Iceland, they imprisoned their bums. In the corrupt,
criminal empire of America, these gangsters get promoted.
You people of young adult and middle age, don’t
take a deep breath just yet. It is not just the elderly that has to
worry. You people in your 30’s, 40’s and 50’s people need to very
worried about your children’s future. Under Obama, three million more children
live below the poverty line. College expense is going up 8 times faster
than inflation and almost all jobs being produced to day pay less than
$30,000 per year.
Now For the Really Big Numbers
It is a fact that our government’s Social Security liability will soon be as big as the national debt. The present unfunded liability of Social Security is presently $8.6 trillion, but that is deceptive because the shortfall quickly balloons to $20.5 trillion. The unfunded prescription Medicare liability for seniors is $24.8 trillion dollars. Zero Hedge places the Medicare debt at $99 trillion dollars. The unfunded drug liability for seniors is $24.1 trillion dollars.
It
is very easy to understand why Lew is going after federal retirements.
The Federal Employees Retirement System is reporting a $20.1 billion unfunded liability.
Even
more telling is our gross debt to GDP figures. The ratio is a
staggering 143%. If you thought that $17 trillion dollars in debt was
horrific in 2013, wait until 2015 when the amount is predicted, for this
year, to approach 25 trillion in total US national debt. And the numbers get even more frightening. The total US Unfunded Liabilities are estimated at $144 trillion, roughly $1.2 million per taxpayer.
To
summarize, the average net assets for an average U.S. citizen are
$300,000. The net liability of the U.S. government, shared among its
citizens, amounts to almost four times that amount or about $1.6 million
per person. And the government’s debt is growing at $1 million every 45
seconds. To cover its annual deficit, it is printing $1 trillion a year
of currency that is not backed by any asset except the Petrodollar and
that practice is being threatened by China, Russia and India buying
Iranian oil in gold.
Is It Too Late?
The
key to getting the right answer is to ask the right questions. It is
not so much a case of it being too late. It is more a case of character,
discipline and knowledge. As I have said before, Iceland knows how the
world of economics works, Americans know how American Idol works. In
other words, I see nothing in our country, at the present moment, which
is suggestive of the fact that we have the collective knowledge to
understand what is happening to us, so we can accept the sacrifices
which would be needed to make a corrective course change as they did in
Iceland. I see nothing in our country which is suggestive of the fact
that we have the discipline that Icelanders demonstrated in order to pay
the price to overcome the banksters and the economic woes that would
follow their demise. After all, we have $200 trillion dollars in credit
card debt. So much for American discipline. And as far as character
goes, American TV, in prime time, is an abomination in the eyes of God
with regard to hedonistic sexual practices implied or demonstrated on
TV. America, through its media has embraced every form of perversion
known to man. I see nothing in our collective character which suggests
that we can duplicate the Icelanders.
When
the economic poop hits the proverbial fan, Americans, out of options,
out of food, out of any life-sustaining resources, will take to the
streets and be met by whom? They will be met by (come’on say it with me
now) “DHS and their 2.2 billion rounds of ammunition and 2700 armored
personnel carriers.” And now we see Jade Helm and its international
counterpart, TRIDENT EXPOSURE which are both preparing to pounce on any
people who dare revolt to what is coming. And what is coming?
Conclusion
We could have done what Iceland did, but we did not. Now, we have a choice on how we die as a nation.
However,
there a few things that one can do to have a softer landing after the
globalists complete the job of stealing your stocks, your 401K’s, your
pensions and your bank accounts.
At one time, I thought that the globalists were
going to collapse the economy this summer/fall. now I am not so sure.
Americans still have assets in the banks and the bones of these accounts
have not yet been picked dry. I think we will see bail-ins before the
collapse and imposition of martial law. This would explain why last
November, the G20 declared your bank account to be the property of the
bank after the deposit is made.
If the globalists try to impose bail-ins and
more bail-outs, America needs to do what Iceland did. Say no, or die
trying. We may not survive America, but at least we have a choice on how
we will die. We must not give in to the coming bail-ins. Spend your
bank account down and do it now! Do not let this nation die while
letting these criminal bankers confiscate on penny of your earnings.
Choose your destiny and legacy America. We can go down with the same
vigor that we showed as a nation on July 4th over 230 years ago.
Bail-ins and Jade Helm be damned!
No comments:
Post a Comment