In this report we will discuss the latest news on the economic collapse. The economic collapse is coming and that’s a fact. The FED and Central Bankers know that the collapse is coming and they are doing their best to make everyone look at the stock market. While everyone is watching the stock market the government is imposing more taxes, more laws that take away the rights of the people, create a internal military force that will control the people (DHS) and rob the people of their wealth. When the economy finally falls it will be to late and the people will be shocked and horrified to find out that this is happening.
Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse
- With Greek government bonds at multi-year highs (up 300% in the last year), the Athens Stock Index still up 100% in the last year, and leaders all over the Euro-zone proclaiming the crisis is over (and that Greece has “made big strides”); we thought it perhaps useful to look at the reality behind the propagandized talk and manipulation. The sad truth is Greece is rapidly dissolving into a ‘fourth world’ nation with unemployment rates (broad and youth) at unprecedented levels, poverty widespread, and homelessness rife. Perhaps, as Germany today stated that there will be no more debt reduction for Greece, it is ‘math’ in the first image that the TROIKA and the Greek representatives should pay special attention to…
We all know its coming but from everything we see I do believe we will see the first wave crash in September
- In “Stocks for the Long Run,” economist Jeremy Siegel researched all the “big market moves” between 1801 and 2001. Bottom line: 75% of the time, there is no rationale for “big moves.” No one can predict them. Maybe technicians and traders can pick short-term moves the next second. Maybe tomorrow. But the long-term “big market moves?” No way.
- So why predict an “87%” chance of another meltdown in 2013? Because in the real world of statistical probabilities, historical facts and expert opinions danger signals are flashing wild. In mid-2008 we summarized the predictions of 20 experts over several years. Predicted a meltdown in a few years — markets crashed two months later. Fast.
- In retrospect, it was inevitable, thanks in part to the hype, arrogance and incompetence of Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson who failed to prepare America.
This is the recovery, these are the great jobs they are talking about. Most are temp jobs or low paying service jobs.
- The time has come to look at the quality component of the 175K jobs added in May, so without further ado, let’s drill down at where the growth was. Without much surprise, we find that as in months past, the bulk of the job growth continues to be concentrated in the lowest wage jobs:
- Leisure and Hospitality added the most jobs in May, 43K
- Retail Trade jobs rose by 28K
- Education and health added another 26K
- Temp jobs: the lowest of all paying jobs added another 26K
- In summary – of the 175K jobs, 122K was to low wage occupations.
- How about higher paying jobs? Professional and Business Services (ex. Temp) rose by 31K in May, less than the 34K in April, Financial Activities posted a tiny 4K increase compared to 9K in April, Wholesale Trade was up a whopping 8K (compared to 4K in April), and finally Manufacturing jobs declined for the second consecutive month in a row, dropping first 9K in April and now 8K in May.
The FED and central bankers are doing everything they can to keep everyone mesmerized on the stock market. I said on The People that their end game was to prop up the market and slam the gold. Everyone into the market and into housing this is what they want. Why you ask, to rob the people of their wealth, real hard assets. Think about, the FED is buying all the properties at a rate of 40-45 billion a month, they are the owners of land.
- On Monday we brought to you proof of a 15 millisecond frontrunning of the Mfg ISM number by what turned out to be HFT clients of Reuters which admitted subsequently it had “inadvertently” leaked the number to select clients. However, that was child’s play compared to the absolute market farce that happened today which we can visualize courtesy of Nanex, and which impacted gold, ES, and Treasury Futures altogether.
- In sequential order: 62 milliseconds before the NFP number a massive dump of gold took place in what can merely be described as yet another of the infamous gold take downs we know so well which however take place just around the time of the London fixing. That it happened right before the NFP number is either an indication of an early NFP data leak reaching “some” HFT traders, or merely an attempt to set the “mood” for further selling by someone who decided that the NFP print would be negative for gold no matter what it was…
There is no way out, if the taper now or later the same problem exists, a collapse of the economy. The FED is trapped so they will continue to print and rob the people of their wealth. The other option is to start a war and blame this entire financial collapse on someone else.
- Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the central bank should taper its $85 billion a month bond buying even if the U.S. economy is not ready for it.
- “The sooner we come to grips with this excessive level of assets on the balance sheet of the Federal Reserve—that everybody agrees is excessive—the better,” he said in a “Squawk Box” interview. “There is a general presumption that we can wait indefinitely and make judgments on when we’re going to move. I’m not sure the market will allow us to do that.”
- But if the Fed moves too quickly in reining in its accommodative policies, he added, it could shock the market, which is already dealing with a very large element of uncertainty.
- Greenspan said he’s not sure the markets will allow an easy exit. “Gradual is adequate, but we’ve got to get moving.”
Americans should be protesting in the streets demanding all this stopped and these data centers closed. Wake up everyone, they are tearing up the Constitution right in front us
- With new revelations of constant US government spying on citizens’ activities and desperate efforts to hide the truth, Barack Obama is likely to go down in US history as one of the most unconstitutional presidents, says RT contributor Afshin Rattansi.
- RT: This is obviously quite a shock to Verizon users but does this come as a surprise to you?
- Afshin Rattansi: I think one can get blasé about the fact that the United States is repeatedly breaking its own Constitution. Glenn Greenwald, the journalist who broke it, I don’t know whether he’s on Verizon. He’s leaked this – this is the FBI document. To Americans, what it says: “It is further ordered that no person should disclose to any other person that the FBI or the National Security Agency has sought to obtain tangible things under this order.” So the order itself is trying to deny itself, signed by Judge Roger Vincent. Who is he? I don’t know, maybe the sunshine in Florida has got to his head or he’s a Tea Party judge.
- It’s very interesting and I think the way it’s going to play in the United States, it will play quite big. Former vice president Al Gore, under Bill Clinton, who hardly ever says anything against Obama, has already tweaked him saying “Is this really the state of things?” Implying is this what James Madison and Thomas Paine, meant for the US Constitution? Is this leading up to President Obama signing an order? It was signed ten days after the Boston Marathon bombings.
- RT: What about the man who leaked this? Are we looking at another Bradley Manning case now?
- AR: I was looking at Roger Vincent, the man who signed this document, and his term expires as judge of the United States Foreign Intelligence Court. FISA, those secret courts in the United States. They expire, as far as I saw, on May 4 of this year. Could he be leaking it? One wonders, certainly he’ll be in the spotlight now. But of course more seriously, as to your question, Glenn Greenwald, presumably, his phone will be bugged. Journalists will be bugged and that is going to stop these sources from leaking. The United States and the Obama administration is desperately trying to stop the truth about mismanagement, Constitutional mismanagement, getting through to the American public.
So lets see they wanted a back door to major internet sites, but they already have the back door. They are spying on all Americans because they know the collapse is coming. What have they done so far to prepare for the collapse, here is a summary
1. Patriot Act
4. Gun Control
5. Fusion Centers Spying on Americans
6. Tapping into American Phone Calls
7. Tapping into email, and web information
They use this information to see who is going to be a problem, place them into groups, weed out those who have militia contacts, try to track down gun owners etc.
Welcome to total control, your rights are gone, its time to take them back
- For seven years, the US National Security Agency (NSA) has been using a congressionally approved warrantless Web surveillance system with a near-limitless ability to spy on Americans’ phone calls, emails, video chats, search history and more.
- The existence of the classified ‘PRISM’ surveillance program was revealed in simultaneous reports by the Washington Post and the Guardian. The Wall Street Journal also reported that the NSA is monitoring Web searches, credit card transactions and customer records from companies such as AT&T, Sprint and Verizon.
- A leaked 41-page PowerPoint presentation, verified by both papers and published almost concurrently Thursday evening, outlines details of the previously undisclosed PRISM program.The slides were slated for declassification in 2036.
- According to the documents, the program currently boasts access to some of the largest Internet companies in the world, with Microsoft thought to be the first corporation to sign onto the scheme in 2007. Microsoft was followed by Yahoo in 2008, Google, Facebook and PalTalk in 2009, YouTube in 2010, Skype and AOL in 2011, and Apple in 2012. Cloud storage company Dropbox is listed as “coming soon.”
- With the participation of those companies, PRISM – and therefore Washington intelligence workers – have access to the bulk of Americans’ email, video and voice chat, videos, photos, voice-over-IP (Skype) chats, file transfers and social networking details.
- Apple, Google, Yahoo, Microsoft and Facebook all made public statements on Thursday that they had either never heard of or had not complied with PRISM by giving the program access to their servers.
- “From time to time, people allege that we have created a government ‘backdoor’ into our systems, but Google does not have a ‘backdoor,’” a Google spokesperson told CNBC.
- “We have never heard of PRISM. We do not provide any government agency with direct access to our servers,” Apple said.
- “We do not provide any government organization with direct access to Facebook servers,” Facebook chief security officer Joe Sullivan said in a statement.
- In the leaked documents, the NSA lauds PRISM as “one of the most valuable, unique and productive accesses for NSA.”
- People with Ron Paul bumper stickers
- People who openly support the US Constitution
- Anyone who uses the Internet
- Anyone who uses a telephone
- Fortunately, DHS has prepared for this terrorism by purchasing 1.6 billion rounds of ammo. Enough to easily take care of all 350 million terrorists in the US.
Cops Use YOUR Children As Props For “School Shooter Drills” (PAID FOR BY HOMELAND SECURITY)
Live Terrorism Drill Demonstration Held In Los Angeles Street
Wait a minute, does everyone realize that this is a drill to control the made up American terrorist. Remember when we see more taxes, more rights taken away and when we see more drills with real gun fire we are getting closer to the collapse. Here is my list from Episode 74
1. Quickly creating laws to remove rights
2. More taxes
3. More troops on the ground
4. More military exercises within our borders
5. Bail ins (bank holiday)
6. More false flags to pass gun control laws, CISPA law, martial law
7. War has started
Painting the picture that gun owners are crazy. The next false flag event to push the bills through the Senate is coming soon.
- A Texas woman has been arrested in connection with the mailing of three letters containing ricin to President Barack Obama, New York City Mayor Mike Bloomberg and the director of Mayors Against Illegal Guns, federal authorities said.
- “You will have to kill me and my family before you get my guns,” each mailing reads. “Anyone wants to come to my house will be shot in the face. The right to bear arms is my constitutional God-given right and I will exercise that right ’til the day I die. What’s in this letter is nothing compared to what I’ve got planned for you.” None of the letters, all postmarked May 20, were sent with a return address or signature.
- The letter addressed to New York Mayor Michael Bloomberg was discovered at City Hall’s mail sorting facility on May 24. The letter contained a pink, oily substance which prompted a mail worker to flag it as suspicious. The letter later tested positive for ricin.
They are using this propaganda for two reasons, one to distract ObamaGate and two to build up the propaganda of cyber attacks so when they use the cyber attack as a false flag they can blame China and start WWIII
- The U.S. secretly traced a massive cyberespionage operation against the 2008 presidential campaigns of Barack Obama and John McCain to hacking units backed by the People’s Republic of China, prompting high level warnings to Chinese officials to stop such activities, U.S. intelligence officials tell NBC News.
- The disclosure on the eve of a two-day summit between the U.S. and Chinese presidents highlights what has become a persistent source of tension between the two global powers: Beijing’s aggressive, orchestrated campaign to pierce America’s national security armor at any weak point – in this case the computers and laptops of top campaign aides and advisers who received high-level briefings.
- “There’s been successful exfiltration of data from government agencies (by the Chinese) up and down Pennsylvania Avenue,” said Shawn Henry, who headed up the FBI’s probe of the 2008 attacks as the bureau’s chief of cyberinvestigations. He is now president of Crowdstrike, a computer security firm.
- In retrospect, the attack seems simple. It was delivered by a “phishing” email – outlining the “agenda” for an upcoming meeting — that circulated among top staffers and contained a zip file attachment with “malware,” a hidden malicious virus.
- Advertise | AdChoices
- But it was no ordinary virus, said Alan Brill, the senior managing director of Kroll Solutions. The malware was “as sophisticated as anything we had seen” and was part of what he called “an infection chain” that replicated itself throughout the Obama campaign’s computer system. It also was designed to stay buried in the computers for months, if not years, he said.
This meeting is not to discuss a cyber ceasefire. There cannot be ceasefire the central banks need a war to cover up this entire collapse. This talk is probably to convince China to stop trading with other countries in non US dollars. They can’t have China and Russia backing Iran and Syria so this is probably another discussion
- The issue of cyber-attacks, accusations of which have marred US-China relations for months, is set to be discussed by the two nations’ leaders at their first informal meeting, scheduled to take place in Sunnylands, California.
- The talks have been preceded by months of back-and-forth allegations of cyber-espionage. Washington in particular has repeatedly accused Beijing of perpetrating cyber-warfare, while China has continuously denied the accusations.
- The latest round in this blame game saw the US Defense Science Board publish a report saying that nearly 40 Pentagon weapons programs and almost 30 other defense technologies were compromised by Chinese hackers, some allegedly tied to the military or government.
- Secretary of Defense Chuck Hagel issued a stern warning to China for its alleged cyber-attacks against the US: “We are also clear-eyed about the challenges in cyber. The United States has expressed our concerns about the growing threat of cyber intrusions, some of which appear to be tied to the Chinese government and military.”
- Beijing responded earlier this week, when China’s top Internet security office claimed it amassed huge amounts of data on hacking attacks against the country perpetrated by the United States.
- “We have mountains of data, if we wanted to accuse the US, but it’s not helpful in solving the problem,” said Huang Chengqing, director of CNCERT, China’s cyber-security body.
“We know all this already,” I stated. He looked at me, giving me a look like I’ve never seen, and actually pushed his finger into my chest. “You don’t know jack,” he said, “this is bigger than you can imagine, bigger than anyone can imagine. This administration is collecting names of sources, whistle blowers and their families, names of media sources and everybody they talk to and have talked to, and they already have a huge list. If you’re not working for MSNBC or CNN, you’re probably on that list. If you are a website owner with a brisk readership and a conservative bent, you’re on that list. It’s a political dissident list, not an enemy threat list,” he stated.
“First, they intend to use the Justice Department to silence journalists like in the Rosen case, but they won’t stop there. They will use a host of national security policies, laws, letters, whatever to take out the bigger threats,” he stated.
Next, they will use some sort of excuse, an external threat, and I believe it will be a combination of the economic collapse and a Mid-East war that will begin in Syria to throttle the information that is accessible on the Internet. And you know what? People will believe it!”
Based on what I’ve seen, most of which I should not have seen, the DHS is co-ordinating efforts with other federal agencies to begin to threaten American citizens with incarceration for non-compliance. You know the old talk of color coded lists? Well, this is what they will be using. People exposing the truth about Benghazi, killing the U.S. Dollar, even those questioning Obama’s legal status and eligibility to be President are the current targets. And they’ve had five long years to get to this point. The ugly truth is that these policies and practices did not start under Obama, but long before. This is about the killing of our Constitutional Republic. The murder of our country and the stripping of our rights. While many have been preoccupied with one issue, few have seen the bigger issue. This is the ‘end game,’ for all the marbles,” he stated.