The Economic Collapse Roller Coaster Ride – Episode 74

Crypto School

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In this report we will discuss the latest news on the economic collapse. The FED is continually confusing the public and the government in the meantime is trying to get the public to agree to a war so the economic collapse will be covered up.  In the mean time the government knows that an economic collapse will occur and they need to take the rights away from the people, disarm the people and keep them confused while everything falls apart.

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.


Current News


“In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.” ― Mark Twain


Economy

The Japanese Financial System Is Beginning To Spin Wildly Out Of Control

  • The financial system of the third largest economy on the planet is starting to come apart at the seams, and the ripple effects are going to be felt all over the globe. Nobody knew exactly when the Japanese financial system was going to begin to implode, but pretty much everyone knew that a day of reckoning for Japan was coming eventually. After all, the Japanese economy has been in a slump for over a decade, Japan has a debt to GDP ratio of well over 200 percent and they are spending about 50 percent of all tax revenue on debt service. In a desperate attempt to revitalize the economy and reduce the debt burden, the Bank of Japan decided a few months ago to start pumping massive amounts of money into the economy. At first, it seemed to be working. Economic activity perked up and the Japanese stock market went on a tremendous run. Unfortunately, there is also a very significant downside to pumping your economy full of money. Investors start demanding higher returns on their money and interest rates go up. But the Japanese government cannot afford higher interest rates. Without super low interest rates, Japanese government finances would totally collapse. In addition, higher interest rates in the private sector would make it much more difficult for the Japanese economy to expand. In essence, pretty much the last thing that Japan needs right now is significantly higher interest rates, but that is exactly what the policies of the Bank of Japan are going to produce.
  • There is a lot of fear in Japan right now. On Thursday, the Nikkei plunged 7.3 percent. That was the largest single day decline in more than two years. Then on Monday the index fell by another 3.2 percent.
  • Are we witnessing the beginning of a colossal financial meltdown by the third largest economy on the planet? The Bank of Japan is starting to lose control, and if Japan goes down hard the crisis could spread to Europe and North America very rapidly.
  • As Japan has indicated, when bonds start to plunge, it’s not good for stocks. Today the Japanese Bond market fell and the Nikkei plunged 7%. The entire market down 7%… despite the Bank of Japan funneling $19 billion into it to hold things together.
  • This is what it looks like when a Central Bank begins to lose control. And what’s happening in Japan today will be coming to the US in the not so distant future.
  • If you think the Fed is not terrified of this, think again. The Fed has pumped over $1 trillion into foreign banks, hoping to stop the mess from getting to the US. As Japan is showing us, the Fed will fail.
  • Investors, take note… the financial system is sending us major warnings…
  • If you are not already preparing for a potential market collapse, now is the time to be doing so.

Airlines speak out against proposed taxes on air travel

Here come the taxes, remember when the government starts to do the following we are getting closer to the collapse:
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


  • The cost of flying might be going up, but this time it’s not the airlines raising prices.
  • The Obama administration has proposed raising the taxes on air travel by about $14 per flight, a move airlines strongly oppose.
  • Higher taxes are needed to help reduce the deficit, pay for improvements at the nation’s airports, and add thousands of new immigration and customs officers to reduce wait times to process foreign visitors, the administration says.
  • Airlines say higher taxes will backfire and hurt the economy.
  • “Our fragile economy and the millions of middle-class Americans who rely on air travel and shipping every day simply cannot afford tax increases that will drive up the cost of flying or limit service options to small communities across the country,” said Nicholas E. Calio, president and chief executive of Airlines for America, the trade group for the nation’s airlines.
  • Congress ignored similar hikes proposed by the Obama administration last year. Since then, the airlines themselves raised fares 3%, from an average of $364 in 2011 to $375 last year, according to the U.S. Bureau of Transportation Statistics.
  • But airline industry representatives say there is a difference between a fare hike and a tax increase.
  • Airlines use fare increases to reinvest in services to passengers — such as buying new planes, said Katie Connell, a spokeswoman for Airlines for America.
  • “A tax or fee imposed by a third party that keeps the money does nothing for our customers,” she said, adding that most airlines earn an average profit of 37 cents per passenger.

War

McCain sneaks into Syria, meets rebels

  • Republican Senator John McCain, a staunch advocate of US military aid to the Syrian opposition, has made a surprise visit to war-torn Syria and met with rebels. The controversial move comes as Russia and the US are trying to set up a peace conference.
  • According to a report by the Daily Beast, Arizona Senator McCain crossed into Syria form Turkey with General Salem Idris, who leads the Supreme Military Council of the Free Syrian Army, and stayed there for several hours before returning back. The senator met with assembled leaders of Free Syrian Army units in both Turkey and Syria.
  • Idris told the Daily Beast “We need American help to have change on the ground; we are now in a very critical situation.”
  • A senior State Department official has confirmed that the senator did “cross into Syrian territory” but referred all questions to McCain’s office. McCain’s spokesman confirmed that the visit took place but declined to give any details.
  • The move had come shortly before the EU agreed to end its arms embargo on Syrian rebels on Monday. Last week, a US Senate panel voted overwhelmingly to send weapons to forces fighting the Syrian government, underlining growing sentiment among lawmakers for a change in the US approach to the Syrian conflict.
  • Meanwhile Russian Foreign Minister Sergey Lavrov and US Secretary of State John Kerry have met in Paris where they are discussing the upcoming Geneva peace conference on Syria.
  • Lavrov, emerging from the talks said that a peace conference on Syria was a “tall order,” but expressed hope that “when the United States and the Russian Federation take this kind of initiative, the chances for success are there.”
  • Kerry spoke for both countries when he said they were committed to upholding the principles outlined in the Geneva Communique of 2012, which proposed a transitional government to be elected by mutual consent between the government of Bashar Assad and the Syrian opposition

No extension of EU arms embargo on Syrian rebels

Since the rebel forces have been losing the battle they are lifting the embargo and calling this a peace movement, this is BS, the central bankers and the government do not want peace they want a central bank in Syria and Iran, now they can supply the mercenary “rebel” forces with larger more powerful weapons. The war is on and it was just intensified.

  • British Foreign Secretary William Hague says the European Union has agreed to lift its arms embargo on the Syrian opposition. However there will be no immediate arms supplies.
  • The news comes after the failure by EU governments to agree on extending the arms embargo, effectively freeing their hands to supply the Syrian opposition with weapons, said the British Foreign Secretary on Monday in Brussels.
  • The collective sanctions leveled at Syria were set to expire on June 1.
  • “Tonight EU (European Union) nations agreed to bring the arms embargo on the Syrian opposition to an end. This was the outcome that the United Kingdom wanted. It was a difficult decision for some countries, but it was necessary and right to reinforce international efforts to reach a diplomatic solution to the conflict in Syria,” Hague said.

Israeli defense chief indicates if Russia ships advanced missiles to Syria, they could be hit

If Israel does attack a Russian plane or ship the central bankers will get what they want WWII to cover up the economic collapse

  • Israel’s defense chief said Tuesday a Russian plan to supply sophisticated anti-aircraft missiles to Syria was a “threat” and signaled that Israel is prepared to use force to stop the delivery.
  • The warning by Defense Minister Moshe Yaalon ratcheted up tensions with Moscow over the planned sale of S-300 air-defense missiles to Syria. Earlier in the day, a top Russian official said his government remained committed to the deal.
  • Israel has been lobbying Moscow to halt the sale, fearing the missiles would upset the balance of power in the region and could slip into the hands of hostile groups, including the Lebanese militia Hezbollah, a close ally of the Syrian regime.
  • Israel has carried out several airstrikes in Syria in recent months that are believed to have destroyed weapons shipments bound for Hezbollah. Israel has not confirmed carrying out the attacks.
  • The delivery of the Russian missiles to Syria could limit the Israeli air force’s ability to act. It is not clear whether Israeli warplanes entered Syrian airspace in these attacks.

Gun Control/Rights

Dick Durbin Says Constitution (1st Amendment) Is Out of Date

This guy is a moron, if someone writes, or types words on a typewriter or a computer screen it is the same words no matter what form of medium it is displayed on. Plus the 1st Amendment says the following

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

See how it says freedom of speech or of the press, it doesn’t say freedom of speech just for the press. Basically their entire agenda is to get rid of the constitution because when the collapse occurs there will be no check and balances or rules for these types of people to follow. This is another government official that needs to be removed from office


Police State

We Are Now One Year Away From Global Riots, Complex Systems Theorists Say 

  • What’s the number one reason we riot? The plausible, justifiable motivations of trampled-upon humanfolk to fight back are many—poverty, oppression, disenfranchisement, etc—but the big one is more primal than any of the above. It’s hunger, plain and simple. If there’s a single factor that reliably sparks social unrest, it’s food becoming too scarce or too expensive. So argues a group of complex systems theorists in Cambridge, and it makes sense.
  • In a 2011 paper, researchers at the Complex Systems Institute unveiled a model that accurately explained why the waves of unrest that swept the world in 2008 and 2011 crashed when they did. The number one determinant was soaring food prices. Their model identified a precise threshold for global food prices that, if breached, would lead to worldwide unrest.
  • The MIT Technology Review explains how CSI’s model works: “The evidence comes from two sources. The first is data gathered by the United Nations that plots the price of food against time, the so-called food price index of the Food and Agriculture Organisation of the UN. The second is the date of riots around the world, whatever their cause.” Plot the data, and it looks like this:

  • Pretty simple. Black dots are the food prices, red lines are the riots. In other words, whenever the UN’s food price index, which measures the monthly change in the price of a basket of food commodities, climbs above 210, the conditions ripen for social unrest around the world. CSI doesn’t claim that any breach of 210 immediately leads to riots, obviously; just that the probability that riots will erupt grows much greater. For billions of people around the world, food comprises up to 80% of routine expenses (for rich-world people like you and I, it’s like 15%). When prices jump, people can’t afford anything else; or even food itself. And if you can’t eat—or worse, your family can’t eat—you fight.

‘The enemy is everywhere’: Former MI5 head calls for people to spy on their neighbours following murder of soldier Lee Rigby

If you notice the see something, say something is spreading all over the world. They keep telling everyone the battlefield is everywhere, the enemy is everywhere. Be prepared everything is accelerating.

  • The former head of MI5 Dame Stella Rimington has called for British people to inform security services if they suspect their neighbours maybe extremists.
  • Dame Stella, who supports the Government’s controversial ‘snoopers’ charter’, said people need to be more alert because it is impossible for security services to spot every threat.
  • She called for a wartime vigilance and for people to be the Government’s ‘eyes and ears’ following the killing of Lee Rigby.
  • The 78-year-old, who was MI5’s first female Director General, said: ‘The community has the responsibility to act as the eyes and ears, as they did during the war … where there were all these posters up saying the walls have ears and the enemy is everywhere.
  • ‘There have often been indications in the community, whether it’s Muslim or anywhere else, that people are becoming extremists and spouting hate phrases.’
  • Dame Stella said security services had to prioritise the most dangerous threats because ‘thousands’ of people were being radicalised in Britain.
  • She said further terror attacks on the UK were inevitable unless the country became a ‘police state’

False Flags

DHS Can’t Locate 266 Illegal Overstays that ‘Pose National Security’ Risks

  • The Department of Homeland Security (DHS) cannot find 266 potentially dangerous immigrants who have overstayed their visas, according to the Government Accountability Office (GAO).
  • According to testimony from Rebecca Gambler, director of the Homeland Security and Justice for GAO, on May 21, 2013 before the House Subcommittee on Border and Maritime Security, DHS identified 1,901 illegal overstays of concern in 2011. As of March 2013, 14 percent remain missing.
  • The 1,901 cases were reprioritized for further investigation by DHS “because the subjects of the records could pose national security or public safety concerns.”
  • Of those that pose security threats, 266 could not be located, and nine individuals had been arrested.

Cyber Attacks

Hack the hacker: US Congress urged to legalize cyber-attacks to fight cybercrimes

Legalize cyber attacks so the central bankers and government can start the war with Iran and Syria. Provoke them with a cyber attack and have Iran and Syria retaliate to the attack

  • US Congress should legalize attacking hacker’s computers with malware, physically destroy networks and take photos of data thieves and copyright violators with their own cameras in order to punish IP thieves, the IP Commission recommends.
  • The commissioners – former US government officials and military men – say that the “scale of international theft of American intellectual property (IP) is unprecedented”. However, the US government response has been “utterly inadequate to deal with the problem.”
  • “Almost all the advantages are on the side of the hacker; the current situation is not sustainable,” the commissions’s report says.
  • “New options need to be considered,” the authors call, then adding that current laws are limited and “have not kept pace with the technology of hacking.”
  • Thus, the commission suggests allowing active network retrieving stolen information, “altering it within the intruder’s networks, or even destroying the information within an unauthorized network.”
  • For example, locking down the computer of unauthorized users and forcing them to come out to police could be one of the options.
  • “The file could be rendered inaccessible and the unauthorized user’s computer could be locked down, with instructions on how to contact law enforcement to get the password needed to unlock the account,” the commission recommended.
  • In other words, authors suggest legalizing ransomware – an extortion tool used by organized criminals, when malware that blocks access to the computer system it infects, and demands a ransom paid to the creator to remove the restriction.
  • Such measures, the commissioners stressed, do not violate existing laws, but still might help to prevent attacks and even provide both time and evidence for law enforcement to investigate the cyber-crime.
  • As additional measures, the report recommends “physically disabling or destroying the hacker’s own computer or network,” implanting malware in the hacker’s network or photographing the hacker using his own system’s camera.
  • “The legal underpinnings of such actions taken at network speed within the networks of hackers, even when undertaken by governments, have not yet been developed,” the authors say.
  • So, if counterattacks against hackers were legal, companies could use a variety of techniques and cause severe damage to the capability of IP pirates.
  • “These attacks would raise the cost to IP thieves of their actions, potentially deterring them from undertaking these activities in the first place,” the report concludes.
  • However, if counterattacks were legalized, this would not be just about companies and hacker. Some pirated movies or songs on private computers, could be deemed an IP theft and allow rights holders to do horrible things to suspected systems.

 BREAKING: U.S. weapons system designs ‘compromised’ by Chinese cyberspies

Building the case against China for WWIII.  To cover up this economic collapse these central banks and governments need everyone all in on WWIII, plus it shows that China has the ability  to use cyber attacks and take whatever they want, like your money from the bank.

  • Confidential report lists U.S. weapons system designs compromised by Chinese cyberspies
  • Designs for many of the nation’s most sensitive advanced weapons systems have been compromised by Chinese hackers, according to a report prepared for the Pentagon and to officials from government and the defense industry.
  • Among more than two dozen major weapons systems whose designs were breached were programs critical to U.S. missile defenses and combat aircraft and ships, according to a previously undisclosed section of a confidential report prepared for Pentagon leaders by the Defense Science Board.
  • Experts warn that the electronic intrusions gave China access to advanced technology that could accelerate the development of its weapons systems and weaken the U.S. military advantage in a future conflict.