If you came over from YouTube to hear the rest of the show you can start at the 10:15 mark.
In this report we will discuss the current economic collapse news. Part 4 Of The Series: “The Economic Collapse Will Be Hard On Everybody!” 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.
- An analysis by Forbes contributor Ralph Benko shows the 1.6 billion rounds of ammo that the government is acquiring would be enough for more than 100 years of training
- It also would be enough ammunition to fight a war for more than 20 years.It would give the federal government enough ammunition to shoot every American more than five times
- In accord with the NLEP, the Reverend Jesse Jackson stated: “We cannot be . . . hiding behind the 2nd Amendment to justify weapons that the writers of the Constitution never imagined. You have to be persistent. It was tough, but we were right.”
- Last week, at a Senate Judiciary Committee hearing Senator Dianne Feinstein commented on a proposal entered into her gun control legislation, the “Assault Weapons Ban of 2013”. Feinstein said that she did not agree with an exemption for US veterans regarding access to guns. Because US veterans may have post-traumatic stress disorder (PTSD) or have incurred a traumatic brain injury (TBI), they could be mentally ill and should be prohibited from being able to purchase a semiautomatic gun.
- The direct comment Feinstein said: “The problem with expanding this is that, you know, with the advent of PTSD, which I think is a new phenomenon as a product of the Iraq War, it’s not clear how the seller or transferrer of a firearm covered by this bill would verify that an individual was a member, or a veteran, and that there was no impairment of that individual with respect to having a weapon like this.”
“There is no cause to worry. The high tide of prosperity will continue.”
… Sec. of Treasury, Andrew Mellon, September 1929.
“This crash is not going to have much effect on business.”
… Chairman Arthur Reynolds, Continental Illinois Bank of Chicago, October 24th 1929.
“While the crash only took place six months ago, I am convinced we have passed the worst and with continued unity of effort we shall rapidly recover.”, … President Hoover, May 1930.
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.
|The Great Depression (1929)||Prior To The Economic Collapse And The Economic Collapse Scenario (Present)|
|Resentment of “foreign” workers increases along with unemployment rolls. In Los Angeles, California, Mexican Americans found themselves being accused of stealing jobs from “real” Americans.||Future Scenario: Resentment of “foreign” workers increases along with unemployment rolls. In Los Angeles, California, Mexican Americans found themselves being accused of stealing jobs from “real” Americans.|
|New York’s Bank of the United States collapses. At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation’s history.||Future Scenario: Bank Of America and Well Fargo collapse, other banks are holding on barely. All deposits are lost, FDIC no longer helping since its collapse. People are angry and rioting in the streets escalates. Groups start to form to march on Washington D.C. The people want the President to do something to help. President Obama gives a speech letting Americans know that the U.S. is strong and he will do everything in his power to help with the situation. The American people will need to sacrifice and do with less. During the same period congress and the President voted to give themselves a pay raise. The Government passes a law allowing them to use the internet kill switch if deemed to be a terrorist attack on the financial system. The NDAA is in full effect. DHS starts arresting those who they deem to be a threat, protestors are arrested, big brother is listening in on your conversations and if they deem you to be threat they come and pick you up. According to the NDAA there is no trial or due process.|
|More than 750,000 New Yorkers are reported to be dependent upon city relief, with an additional 160,000 on a waiting list. Expenditures averaged about $8.20 per month for each person on relief.||Future Scenario: Out of the 8,175,133 people in New York 3,000,000 are reported to be dependent upon city relief. 2,000,000 are on a waiting list.As the FED continues to print, the dollar loses its value; many middle east countries decide to sell oil in other currencies. Since these countries do not need dollars more dollars start to rush back the U.S. The President gives a speech letting the American people know that the terrorists in these middle east countries are planning something that would be on massive scale. America needs to act first before this occurs. China and Russia are backing Iran and other middle eastern countries. More people are panicking, many people see gold and silver going up in value and the dollar losing value rapidly and those with dollars are converting their paper money for physical. At this point gold is now $4,000 and silver $125 per ounce.|
|More than 300 World War I vets leave Portland, Oregon en route to Washington, D.C. to urge Congress to pass the Bonus Bill. It took them eighteen days to reach Washington, D.C.||Future Scenario: More drones are spotted in the skies. Veterans decide to band together to march on Washington D.C. to get their benefits. They are met with troops blocking their access to any Government area. As the troops push back on the Veterans violence breaks out. News travels quickly via the internet. The Government has been receiving reports that China and Iran are planning to damage the American economy further by attacking the Financial Institutions.Because of this Cyber Attack threat the kill switch law is put into effect and the internet goes down. Only those with special clearance have the ability to use the internet. Social Security, food stamp and other entitlement recipients are still receiving their checks but hyperinflation makes it impossible to live on the money they are receiving. People start protesting demanding an increase in their entitlement checks. Local law enforcement collapses and DHS is now in full control of keeping law and order.|
|Three days of more streetcar strike rioting leads to a man being killed and more than ninety persons, including women and children, were wounded.||Future Scenario: Rioting continues across the country, people are hungry, tired and desperate. People are desperately searching for food and will do anything to feed their families. The dollar is worth nothing. It takes $90 to by a loaf of bread. To help the Government pay its debts the tax that was implemented on those who make $450,000 or more is now on all incomes. Additional taxes are created one such tax is the carbon tax. Those who drive to work will pay a tax per mile. Fuel is now up to $54 a gallon as the dollar loses its value and its reserve status.Those who still have access to a TV watch the news. The news broadcasts that the Government is doing everything in its power to help the recovery. But the recovery is difficult because of other countries and the terrorist crippling Americas financial system.|
|Food riots” begin to break out in parts of the U.S. In Minneapolis, several hundred men and women smashed the windows of a grocery market and made off with fruit, canned goods, bacon, and ham. One of the store’s owners pulled out a gun to stop the looters, but was leapt upon and had his arm broken. The “riot” was brought under control by 100 policemen.Rioters chase Dearborn police up Miller Avenue in a clash that resulted in four deaths… “5,000 are in the milling mob, outnumbering the police 10 to 1. A duel beginning in hand to hand fighting in which one deputy was beaten to death and scores were injured.”||Future Scenario: Food riots and rioting spreads across America. No one is safe in their home. Those families that held onto their guns use what they have to defend their families from the wild gangs roaming the streets. These gangs are not only out at night but are now out during the day light ours because DHS does not have enough people to patrol every area.Veterans start to form militias and those who hid or did not comply with the gun grab join in to help.In other parts of the world the conflict between China and Japan escalates. There have been a few dog fights in the air over the disputed islands. Japan is ramping up the military and more troops are being prepared for war.To handle the terrorist threat in the middle east countries America sends over more war ships. North Korea continuously makes threats to America and South Korea. Israel is preparing a strike against Iran and America is willing to back Israel, China and Russia are building up troops in Iran.|
|U.S. goes off the gold standard, Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Violation of the order was punishable by fine up to $10,000. The order further permitted any person to own up to $100 in gold coins. The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce resulting in an immediate loss for everyone who had been forced to surrender their gold.||Future Scenario: (equivalent to $371.10 today) per troy ounce.The economy is declining rapidly but the politicians and the Government will not admit it. The propaganda coming out of the Whitehouse is that everything is ok and they see improvements in the economy. To help the economy move along President Obama is enacting Executive Order 6102 to help the economy recover. He is calling for every American to make a sacrifice and hand their gold in.|
|1933 – A third banking panic occurs in March. Roosevelt declares a Bank Holiday; closes financial institutions to stop a run on banks.||Future Scenario: A month or two after the President announced the economy is improving and enacted the EO 6102. Most of the major banks or investment firms need a bailout.To Further help the economy the President is calling for a Bank bailout. The American people are against any type of bailout this time. More militias are starting to form and the President gives a speech that any type of militia or group that goes against the American government would be seen as the enemy of the Government.|