When Will The Economy Collapse?

because, as he says, when a currency is expressed as debt and not backed with a fixed commodity, it has to be expanded to pay the interest on that debt. As long as the interest was 4% or lower, the inflation rate was more acceptable to people in the workaday economy. It was just brutal to old folks on fixed amount pensions not indexed to this inflation.

He's half right about Nixon, who was mostly baffled and incapable of dealing with OPEC. Carter was the one who defanged them by filling a Strategic Petroleum Reserve. OPEC could no longer manipulate the prices on a whim, cheap oil would have been released on the market to force their prices down.

The dream of the oil barons is constant limited warfare in the middle east. It's what the PNAC was all about.

He is also right about the slow trudge toward a world war. The US will not be on the winning side because it has exported too many key industries like textiles and auto parts manufacture. Even a minor disruption of Pacific trade routes would bring this country to its knees rather quickly.

However, the economic collapse is something completely different and would likely forestall a world war instead of speed one up. It will likely begin in that "derivatives black hole" and take everything else with it, at least in the short term, and worldwide. It would start with a handful of obscenely rich traders losing confidence in the casino and no one outside that group has a chance of seeing it coming.

Everything the Obama presidency has done has been to put bandaids, duck tape, baling wire, and Dixie cup lids on the tottering financial structure, hoping to hold it together just a little longer so they have enough money to escape the inevitable collapse. It's not going to work any better than it did in the Depression because there is no way to see it coming.

... prevail if we attack Iran drawing China and Russia into the mix. I don't think the globalist PTB intend for the US to prevail this time. I think we're being set up for the role of this century's Nazi Germany, and our puppet leaders are going right along with it.

http://stormcloudsgathering.com/

So far seems rather well done,. a bit dark perhaps, lacking uplifting positivity, but interesting.

... "to make it moderate is to lie" -- or something like that. This video he made on revolution, while not exactly uplifting, seems to at least try to strike a chord of positivity and offer some hope as well as practical guidance:

The site referenced on this video is advocating for "Oath Keepers" a dominionist right wing organization, I find that quite disturbing, as well as the generally unsubstantiated theme of the US "petrodollar" as some type of flash point igniting focus of American foreign policy. The idea that a nuclear war is going to be triggered by Russia or China in reaction to America's foreign policy is also quite ridiculous. Russia and China are not going to initiate nuclear war if the US militarily intervenes in Syria or Iran, it is not in their national interest to do so, and the constant refrain of "the powers that be," and citing the the "Council on Foreign Relations" as some sort of nefarious foreign policy controller of US policy and other CT junk analysis is just nonsense originating from the John Birch Society in the 1950's and 1960's along with the "Bilderberg Group," conspiracies as part of an international "World Shadow Government," driven by the most unlikely coupling of Soviet style "socialists," and international bankers. Plug in Jewish bankers and you can trace this nonsense back to its original propaganda source the Tsarist Cheka's, Protocols of the Elders of Zion, once openly cited by both Nazis and Stalinists to justify their regimes of oppression.

There may be another world economic collapse coming, but it won't have a damn thing to do with Iran or "petrodollars," it will have to do with the total irresponsibility of governments to check the speculative activities of banks, commodities markets and FX disparities that will, as they did the last two times, spread the fraud of unscrupulous manipulators and speculators worldwide.

... association is both transparent and lame KJ. Why not try some good old fashioned honest argumentation addressing the actual content of the video I posted? What I posted has absolutely NOTHING to do with promoting right wing dominionists or the Protocols of the Elders of Zion and you know it.

Oh and btw, WELCOME to DU