The housing bubble is starting to crack in places where people never thought it would happen. Las Vegas the housing market is booming but now we are seeing cracks in the market. The Federal Tax Receipts are going to enter the negative zone soon. The next economic crisis is right on schedule. The bubbles are popping we hit the top of all the bubbles and they are ready to pop. It is a matter of time and when they pop its going to be disastrous for many people. Russia continually calls upon countries to use their national currency and to dump the dollar.
Dr. Paul talks about the coming dollar crash and how it will happen. There is no escaping the fact that all fiat currencies throughout history have reverted to zero eventually. While the fundamentals are off the table due to the level of manipulation in the monetary system as well as in the markets and one cannot put a date on the coming crash, we know it has to happen. It’s inevitable. As we reach a potential yield curve inversion, this will not end well.
Will we see a global centrally planned cashless society? Dr. Paul says it’s a desperation move to attempt to implement such an agenda, but that it’s not likely to actually succeed. All the same the potential is a major problem and something individuals must understand.
From that, Dr. Paul talks about the insolvent banking system and how the cash to deposit ratio among the banks show that the banks must fail. Many of the major banks have a ratio of less than 1% of deposits covered in cash. They never recovered following 2008 and have been essentially propped up, only getting worse as they’re further centralized into temporary prosperity.
The everything bubble is also a major issue on the coming timeline. We have a pension bubble that could see a 400 trillion dollar shortfall globally by the year 2050. That’s more than 4 times the global yearly GDP. Can it sustain itself? Certainly not. Dr. Paul talks about the countless problems with the pension system and with that the utter dependency so much of the populace has on government. Is there a concerted effort to push the populace into complete dependency to the state and banking system? Absolutely says Dr. Paul. That’s the point!
Paul said, “It’s tragic, it’s wicked, only a few are going to benefit from it.” He went into the issue of keeping money in the bank, the problems of the fiat monetary system and how it makes the lives of retirees difficult. Let’s face it, younger people are certainly not going to get a pension. Let’s remember that people born in 2007 are set to live to 103 on average. That’s about half of their life time living off of a pension, depending on banks and government and causing massive problems among tax payers. It cannot be comprehended. This bubble burst will end in massive poverty and there’s no doubt it cannot sustain itself.
Ron Paul On The MASSIVE Pension Bubble – “It’s Tragic”
Emigrate While You Still Can! Learn More…
As long as consumer goods are cheap and the Chinese population is able to buy them, the labor costs are okay. The trap the USA has fallen in is that they raised their own living standard by theft and unsavory global economic practices while driving other nations who could have been clients into extreme poverty using sanctions and heavy-handed arm-twisting practices. This has made it virtually impossible for US companies to compete on the world market using the US labor force.
Prepare for America’s Next Big Crisis
This is a tough topic, because people either don’t won’t to believe it or are not capable because they lack the knowledge to comprehend what is being said. When you understand that our country can only operate based on debt/credit, not physical dollars, you finally see that the USA is a huge Ponzi scheme built on nothing more that our ability to borrow money. Our status as the world reserve currency has allowed us to borrow money that we do not have.
The government says that there are 10 trillion dollars sitting in the US Banking system that we can go and easily withdrawal. How can that be true when there only exists 1.4 trillion of real money in circulation (dollars and coins) and more than one half of that is outside the US. This doesn’t include the 10s of trillions more that we owe other countries that have purchased our debt. If our creditors were to all come and ask for their money at one time there would be less than $1 dollar for every $1000 dollars owed.
The world economy collapses. All Great empires based on fiat currencies end in this way. People I talk to like my wife and friends have no clue what is coming. This is a long video and I have edited it to half of its original length. It is the single most logical and credible documentary I have ever watched on the future of the US economy. It makes be sick that the Fed decided to bailout the corrupt bankers instead of the US citizens. Instead of bailing out the banks, the Fed could have paid off every consumer debt in the country and freed up trillions of dollars for the consumer. Instead they padded the pockets of the banking elite. I wanted to puke. Now they are setting things up to try one last historic cash grab. Driving the stock market to all time highs so then can short the hell out of it. I think Trump will snuff if he is not assassinated first.
I have watched hundreds of videos on the economy and done years of research into past financial failures going as back before the Roman Empire. Dr. Paul Roberts is one of my followers and referenced me in a video I produced on Sandy Hook. People do not want to acknowledge that the fall of fiat currencies is nothing new and that the US has made it this far ONLY because we are the default reserve currency of the world.
There have been 440 economies based on fiat currencies in modern history…. They have all come to the same demise, FAILURE. Having an education in Engineering with a minor in mathematics I do not believe that the US is exempt from the natural laws of economics. Please watch the video and prepare as you deem appropriate. You may want to research “normalcy bias”; it explains why people have a hard time excepting the true outcome of a situation that has played out the same way again and again throughout history. I keep hearing from my friends and family that the US is different.
Financial Martial Law In Progress! Prepare Yourself!
Financial Martial Law
Bank Secrecy Act Regulations Explained
By Bonner & Partners analyst Joe Withrow
The Bank Secrecy Act (BSA) requires US financial institutions to assist federal agencies in preventing money laundering.
All financial institutions are required by law to keep records of all financial activity, including cash purchases of “negotiable instruments”—checks, money orders, etc.
These records are open to government inspection at any time. They are also subject to periodic audits by both federal and state governments.
All financial institutions must immediately file a Suspicious Activity Report (SAR) with the federal government whenever a customer engages in transactions the institutions deem strange or inconsistent with normal behavior. This is open to interpretation.
There are also specific BSA regulations requiring financial institutions to file government reports. They are:
Currency Transaction Report (CTR): A CTR must be filed for each deposit, withdrawal, exchange of currency, or other payment or transfer by, through, or to a financial institution that involves a transaction in currency of more than $10,000.