If you came over from YouTube to hear the rest of the show you can start at the 9:45 mark.
In this report we will discuss the current economic collapse news. Part 2 Of The Series: “Still Don’t Believe In The Economic Collapse You Will” In addition to the current news we will compare the past 1929 Great Depression to the current Economic situation. We will analyze the past to predict the future.
“It has come to my attention that you have now asked an additional question: ‘Does the President have the authority to use a weaponized drone to kill an American not engaged in combat on American soil?’ The answer to that question is no,” wrote the attorney general.
What is really saying here. “weaponized drones”, he doesn’t mention troop, planes, tanks etc. What does he mean when he says “American not engaged in combat on American soil”.
combat – 1. a fight or contest between individuals or group | 2. conflict, controversy | 3. active fighting in a war
- The U.S. government on Thursday notified 60,000 federal workers responsible for securing borders and facilitating trade that they will face furloughs due to government-wide spending cuts.
The number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January
We will look at the past to predict the future. Here is a breakdown of what was happening in 1929 compared to what is happening today.
Quotes from Ben Bernanke
February 15, 2007: “Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”
January 10, 2008: “The Federal Reserve is not currently forecasting a recession.”
|The Great Depression (1929)||Prior To The Economic Collapse (Present)|
|Currency war||Japan, China, US and other countries are in a currency war|
|Credit bubble in the roaring 20’s, Americans to buy on credit, buy now pay later||Credit bubble in the 2013, student loan credit bubble, credit card credit bubble.|
|Reserve banks relaxed requirements for credit Stocks and real estate rose dramatically. Americans were debt ridden||Americans are deep in debt today and have no savings. Stocks and real estate rising dramatically once again.|
|A series of tariff barriers it was regarded as one of the principal causes of the downward spiral in world trade||Trade wars by each country debasing the currency lower and lower|
|No banks were willing to lend, credit freeze||No banks are lending, credit freeze|
|Housing prices declined||Housing prices declined|
|Increase in mortgage foreclosures||Increase in mortgage foreclosures|
|Huge number of bank failures, smaller banks consolidated into larger banks.||Huge number of bank failures, smaller banks consolidated into larger too big to fail banks|
|The Fed was not propping up the treasury bond market||The Fed is propping up the treasury bond market by spending 45 billion a month|
|People needed to stand in line to receive Food. The food lines were seen by the public across the country.||Today everyone receives a debit card to get their food. The food line is hidden from the American public.|