Still Don’t Believe In The Economic Collapse, You Will (Part 2) – Episode 7

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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.

Please check the Sentinel Alerts for the latest news. Please review the Economic Collapse Timeline to see additional events that are needed for the government to complete the economic collapse.

White House admits it can’t kill Americans with drones in US –

“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

Furloughs bite for customs workers

  • 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.

Russia and China to do BIGGEST EVER military drills off Japan and South Korea!

Record 89,304,000 Americans ‘Not in Labor Force’ — 296,000 Fewer Employed Since January

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

U.S. 7.7%
U6 14.3% 23%

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.”

Feb 26, 2013 – Federal Reserve Chairman Ben Bernanke said he doesn’t see any evidence yet of a stock bubble

The Great Depression (1929)Prior To The Economic Collapse (Present)
Currency warJapan, 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 laterCredit 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 riddenAmericans 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 tradeTrade wars by each country debasing the currency lower and lower
No banks were willing to lend, credit freezeNo banks are lending, credit freeze
Housing prices declinedHousing prices declined
Increase in mortgage foreclosuresIncrease 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 marketThe 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.

Source: Politifacto | Forbes | History News Network | St. Louis Fed | Thebubblebubble

2 thoughts on “Still Don’t Believe In The Economic Collapse, You Will (Part 2) – Episode 7

  1. Blah blah blah…… More talk about how the sky is falling. How many times do you need to remind us how dire straights we are in. Few rational people trust the current administration and their actions. Unless you have an exit strategy where you can leave the mess behind, what is the average Joe to do. Sit back and enjoy the ride.
    Because you have no control. How to prepare for chaos while Iiving in a place like LA. If you have never herd of Agenda 21? Now is the time to read up on our friends at the UN

    1. The way the people get through this is to stick together and wake others up. If the people stay together and move as one it can remove a government. Look at the countries where the people demanded a change in government. They stood together and there was change. It is real current events that are unfolding in front of your eyes, what you do with the information is up to you.

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