Financial Apocalypse? What Financial Apocalypse?

Sat, May 3, 2014 - 3:29pm

Oh those Doomers! You know who I'm talking about! Those negative people who are constantly fear-mongering about the end of the world. Going on and on about how bad things are going to get, and how awful life is going to be in the future. Why, at their worst, Doomers are painting a picture of a world in flames!

These Doomers are so obsessed with their fear-mongering that it has almost become, well, cultish.

If you didn't know any better, you'd almost think they wanted it to happen.

At their worst, the Doomers seem to be profiting off of their fear-mongering, and encourage people to go out and spend extra money on things like water filtration, solar panels, and even (ugh) reusable menstrual pads.

The fear-mongering has gotten so over the top, that now our youth are beginning to suffer severe anxiety because of it.

You know who I'm talking about, right?

I'm talking about climate change activists.

Ha! Bet you didn't see that one coming, did you?

It is funny, because preppers and environmentalists do have a lot in common - both value living more sustainably, but for different reasons. But for whatever the reason - well, there is a good reason - preppers get maligned as being crazy whackjobs, while environmentalists are today's cowboys in white hats (except, well, they wouldn't actually be a cowboy, because that's racist, and a white hat is most definitely racist!).

The difference between a "crazy prepper" and an "enlightened environmentalist" is primarily media spin. The media mocks and scoffs at anyone who voices a concern about our future financial stability - or should I say, financial sustainability? - while climate change is the "acceptable" bogeyman of today.

Please be clear, I am not intending to bash environmentalists here. I used to be an active volunteer for Heal the Bay in Los Angeles, and my activities included taking water samples from the hills in Malibu above the polluted Surfrider Beach, and educating children on the local watershed.

Conservatives who completely deny the impact of people's behavior on the planet irk me. The air and water in Los Angeles is very polluted - each day, the morning dew would deposit particulates of smog on anything left outside. I regularly had to check the Beach Report Card before going surfing, because I did not want to be swimming in bacteria-laden water.

After taking a tour of the Hyperion sewage treatment plant in Los Angeles, I have a tremendous appreciation for waste water recycling technologies. People have no idea how much crap - literally - gets processed each day in these facilities.

It's a lot easier to deny the impact of humans on the environment when you live in a rural area surrounded by a lot of pristine land. It's another thing when you are in a city covered in smog and trash.

Try telling people in China that air pollution isn't an issue. We simply exported our industrial problems over to them, along with our jobs. (However, I'd like to point out that there is a huge, massive difference between airborne particulate matter and carbon dioxide.)

The Devastating Effects of Pollution in China (Part 1/2)

All that said, I believe the media has been hyping up climate change - and to the detriment of more practical environmental concerns such as, where on earth are we going to put all our trash? What are we going to do with our waste water? Climate change is the acceptable hysteria of today. And it makes for dramatic news stories when tornadoes hit.

Furthermore, if there was more money to be made in the trash business, then I suspect you'd be hearing more about our hidden trash crisis on the news. But it's a lot easier for the banking cartels to pocket a lot of money off of carbon credits than trash. Meanwhile, Al Gore has made a mint off of books and documentaries, all the while jetting around to his various mansions that could collectively provide energy for a small city.

And who wants to deal with trash anyway? Climate disasters are not only spawning entire home-grown industries of storm chasers (which, I confess, I love to watch), but make for damn good disaster movies. Trash? Not so much.

Trash: Boring and Gross

Storm Chasing: Exciting

Escaping the largest EF5 tornado in history - El Reno, OK - full dashcam sequence

The thing is, here in America, we are at a decades-long low for tornadoes and hurricanes. My simple theory is that the seeming increase in environmental disasters is more due to the 24 hour news cycle and increased suburban sprawl. When there were fewer people living in places like Oklahoma and Alabama, the tornadoes had fewer targets.

Still, seeing pictures of houses blown away tugs at the heart strings, and it is a lot easier to get people to understand the dangers of extreme weather than extreme financial policies. Weather is tangible - we all experience it every day - whereas money, as much as we have to deal with it every day, is still somewhat ephemeral and hard to grasp on a large scale.

Certainly, political activists often decry poverty, and when it comes to raising money for food aid in Africa, photos of starving children with big black puppy dog eyes is another puller of heart strings.

But that does not translate into a clamor for sound fiscal policy. If anything, it engenders the opposite - a populace who is demanding that we "do" something about the poor, which generally includes spending more on them. But how to get people to understand our precarious financial position when it comes to national debt?

How about a chart? Wasn't the global warming hockey stick chart effective in scaring people about climate change? (And isn't it interesting how climate scientists get the benefit of the doubt when their charts don't pan out, much more so than financial analysists? Hmm.)

Sure, we can show people graphs of U.S. debt, but concepts like "Debt to G.D.P. ratio" are a bit difficult for the average person to fully grasp. And it's just not "sticking." Maybe the debt chart needs a cute PR name attached to it. Instead of "hockey stick chart" maybe it needs to be named something like "volcano chart." You know, once it hits its peak, it's going to explode.

Mt. St. Helens Eruption May 18, 1980 720p HD

(By the way, Mount St. Helens is becoming active again. If that blows, that should give CNN something to focus on once the missing plane story is past its already overdue shelf life.)

Now, there are certain people who may have previously considered themselves "Doomers" of a sort, who waited around for a big financial apocalypse, and it did not happen on their timeline. Now they mock and make of fun of anyone who has not woken up to "reality" like they have. If anything, these people are probably the biggest critics of anyone who is still waiting for the End of the Keynesian Experiment. They think they have gotten smarter than you.

I will say, that waiting on a big apocalypse, whether environment or financial, is probably a wrong way to focus time and energy. It's not likely to happen with a big bang.

In my mind, the financial apocalypse is already underway.

We have a record number of people out of the workforce in America. Sure, on the surface, life goes on, but what about the people you know? In my immediate circle of friends and family, I know far too many people who are on the verge of disaster. One friend just told me that she and her family (of three children) had to do rice and beans for dinner. My stepfather's granite business was hit hard by the 2008 financial implosion and has been barely hanging on. People are taking on additional jobs to make ends meet.

The problem with a quiet financial apocalypse is that - unlike a hurricane - it does not provide an opportunity for Jim Cantore to show up in a blue rain slicker breathlessly reporting about THUNDERSNOW!!

Jim Cantore 4 Thundersnow Reactions

Sure, 60 Minutes might do an occasional sob story about a family on the brink, but it's still an individual pain being reported - not a collective horror like an environmental disaster.

Now, what can we do about it? Certainly, in the short run, we can try to warn family and friends to be more prepared. Most are probably not going to listen. When they do run into personal financial trouble, they are going to want more government to fix it, and they won't understand how our financial policies are causing our spending power to weaken dramatically. 

For the long term, I think it's time people starting building up alternative economies for themselves. While I'm not suggesting "black market" per se, I think we need to start thinking about networks of local producers who can start creating opportunity despite whatever stupidity is going on with the central banks and deep state apparatuses.

Bill Whittle suggested this idea after the 2012 election. I realize for some of you he might be too conservative, but try to set your partisan leanings aside and think about what he's really saying here. We need to come up with alternatives and stop waiting for the politicians to change things, because they won't. They profit too much from the dysfunction.

A New Beginning...

We complain a lot about the government doing this and doing that, but we still continue to give our power away to them. With the quiet financial apocalypse already under way, we need to start figuring out creative ways to create something new and better outside the existing system. 

Maybe it's as simple as bartering with friends and family.

Whatever you do, smart small but think big.

Stephanie blogs sporadically at a number of websites, including Freeople and Free Thinking Christianity.

About the Author


lnardozi · May 3, 2014 - 4:21pm


The thing about prepping is... you're fighting inflation! Not the fancy BLS kind that doesn't exist - I'm talking about half gallon of ice cream that now only weighs 48oz and costs $3 more. Plus, there are MAD savings to be had if you get a business license and buy at places like Restaurant Depot. Used to paying (recently) $3 for a 4lb bag of sugar - I just got 50lbs for $19. I have 5 gallon buckets with gamma seal lids - ALL our staples, meat and frozen pruducts are bought there now. Remember $3/lb bacon? It still exists there - shoot, there's $1.89 bacon but I feel rich enough to pop for the $3 stuff!

Urban Roman · May 3, 2014 - 4:36pm

Good essay, stephanie.

Good essay, stephanie.

In my mind, the financial apocalypse is already underway.

True dat. It is more like a drought than a hurricane.

Never makes the news, just grinds on and on. Boring to watch. No zombies stumbling around.

Which sort of begs the question of "prepping". Because prepping for a quick dip is very different than prepping for a dark age.

Bugzy · May 3, 2014 - 4:51pm


Just take back control. Stop looking for someone better to elect to give your control over to. Just do your own self reliance. Make politicians irrelevant.


Stop waiting for the system to collapse and for it to stop looking after you. Make the system irrelevant.

DayStar · May 3, 2014 - 4:57pm

Harvey's Up! (TFMR)

Unabridged Harvey:

  • GoldCore: Italy’s central bank, the Banca d’Italia, has recently published an important document detailing the storage locations and composition of the country’s gold reserves. The document confirms that Italy’s gold is held across four vault locations, three of which are outside Italy. This is a significant announcement given that the Banca d’Italia is the world’s third largest official holder of gold after the U.S. and Germany. Italy officially holds 2,451.8 tonnes of gold, worth more than €72 billion (US$ 100 billion) at current market prices. In the detailed three page report focusing exclusively on its gold reserves (and only published in Italian), the Banca d’Italia reveals that 1,199.4 tonnes, or nearly half the total, is held in the Bank’s own vaults under its Palazzo Koch headquarters on Via Nazionale in Rome, while most of the other half is stored in the Federal Reserve Bank gold vault in New York. The report also states that smaller amounts are stored at the Bank of England in London, and at the vaults of the Swiss National Bank in Bern, Switzerland.
  • Harvey: Today was the first day back for the physical price zones for gold and silver and the buyers were waiting in the wings. As soon as the bankers pushed gold down to $1280 and silver to $18.87,on the jobs announcement, there was a massive demand for these metals as the London fix approached. Our banker friends were buried today. Physical metals are scarce as we witness gold GOFO rates go deeper into negative territory and thus official backwardation. Silver is also in backwardation (SIFO). Gold and silver today certainly got a lift from the chaos inside the Ukraine. The GLD inventories lowers by 2.7 tonnes of gold (now stands at 787.94 tonnes) despite the fact that gold remains in backwardation from one month to 6 months out. It is within a whisker of backwardation going out for one year. The silver inventory at the SLV tonight rose by an astonishing 4.198 million oz and stands at 10,309.67 tonnes. 
  • Chris Powell: In commentary today Euro-Pacific Capital's Peter Schiff muses about growing suspicion that the gold market is manipulated by central banks and their associated bullion banks. and he even argues that investors should welcome gold price suppression as an opportunity to obtain metal at a discount to its true value. Gold investors who died cheated out of a free-market price for their metal and gold investors who are not likely to live forever may not be terribly encouraged by Schiff's rationale. And since the Western central bank gold price suppression scheme is the keystone of a policy of rigging all major markets, adherents of free markets generally and the progress they have accomplished for humanity may not rejoice all that much either.
  • Alasdair Macleod: Normally a prolonged period of low interest rates stimulates demand for bank credit to finance consumer demand. This time the signs are that a prolonged period of extremely low interest rates has failed to stimulate much more than asset prices. There are now signs that the global economy is stalling and there will be no boom, because consumers are already maxed out. Signs that the US and global economies are now stalling raises the possibility that zero interest rate policy is going to be with us for many years yet. As long, that is, as price inflation remains subdued. This is where monetary policy will come unstuck. The purchasing power of a currency can vary independently from economic demand, giving rise to stagflation. Technically this is inflation in a stagnant economy reflecting a change in preference against money in favour of goods. 
  • Bill Holter: Those with precious metals will not be allowed to feel like "they won" until "winning" doesn't matter anymore...survival will. Yes, precious metals will be wealth and this wealth will allow you to do some things that others without any wealth will be able to do (like eat), but you will not be "wealthy" in today's current sense of the word. You may, probably even will, have more purchasing power than currently, but I believe that your "options" to spend your wealth will be far more limited than they are today. We are on the cusp of something that happens every 200 years or so, the changing of the guard or more specifically the reserve currency. I can envision maybe even up to 20 years of chaos and uncertainty until a "new world order" truly becomes ironed out. Wealth will obviously be a good thing to have, truly "enjoying it" will be whole 'nother story in my opinion. 
  • Zero Hedge: A leaked recording by the vice-chairman of Vanke Group (China’s biggest property developer), confirms, as The Telegraph's Amrbose Evans-Pritchard reports, what the bears have been saying for months, 'it is a dangerous bubble, and already deflating'. Mao Daqing's words, translated, are ominous: "In 1990, Tokyo’s total land value accounts for 63.3% of US GDP, while Hong Kong reached 66.3% in 1997. Now, the total land value in Beijing is 61.6% of US GDP, a dangerous level... China has reached its capacity limit for new construction of residential projects... and I don’t see any possibility for a rise in home prices." Housing inventory is exploding - and as Mao concludes: "housing production per 1000 people reached 35; even when the housing market is hot, no country has a figure of greater than 14 - this should cause alarm."
  • Thina Margrethe Saltvedt and Aurelija Augulyte: Russia is important oil and gas supplier to Europe. Disruptions to Russian oil flows will have huge impact on oil prices. Embittered political climate, oil prices at USD 150/barrel and high financial market uncertainty can tip EU back into recession. Oil price spike and flight to safety a recipe for broad-based USD strengthening and lower global rates. US shale oil or SPR release will not prevent oil price spike. Oil prices have increased by more than USD 2/barrel today as tension in Ukraine has escalated and raise concerns about the risks of disruption in Russian energy exports. There is a risk that the security situation in the east Ukraine will worsen even further ahead of the 25 May elections. A sharp rise in oil prices – if prices remain elevated for a period of time – will have a negative effect on economic growth and in a worst-case scenario push the EU back into recession.
  • Zero Hedge: While everyone is by now fully aware just how dependent Europe is on Russia's energy supplies (and most are aware of the "nonsense" that the US will fill any gap if Russia steps up its actions - which Barroso said wouldn't happen because "Russia has self-interest not to play the energy card") but few are truly aware of the scale of contagious debt-driven defaults that could occur if the US (and a reluctant Europe) decide to undertake more aggressive economic sanctions, which, as Germany's Europe minister stated today, "are on the table." Europe's domestic bank exposure to Russia shows Roth's warning that Russia's retaliation could mean "anything is possible," is a major problem for the Germans, Italians, and most of all - The French.
  • Dave Kranzler: The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics – Dr. Paul Craig Roberts. While mainstream America will be greeted with news about the huge number of new jobs “created” in April, the truth is that the number of people employed in this country declined in April – by a significant amount. In addition to nearly one million people “disappearing” from the labor force, the Government’s nefariously fraudulent “birth/death” model plugged 234,000 jobs into its statistical model. Given the natural monthly growth of the population in this country, and given that over a million workers either disappeared down the rabbit hole or were fabricated by the Government statisticians, it is likely that April in actuality experienced a big decline in jobs. 
  • Andrew Ross Sorkin: Bank of America disclosed on Monday that it had made a significant error in the way it calculates a crucial measure of its financial health, suffering another blow to its effort to shake its troubled history. The mistake, which had gone undetected for several years, led the bank to report recently that it had $4 billion more capital than it actually had. After Bank of America reported its error to the Federal Reserve, the regulator required the bank to suspend a share buyback and a planned increase in its quarterly dividend. While regulators still believe Bank of America has sufficient capital, the disclosure of the accounting error will most likely add fuel to the debate over whether the nation’s largest banks are too big and complicated to manage. The error also raises questions about the quality of Bank of America’s own accounting employees, who are supposed to present an accurate financial picture of the bank’s sprawling operations to the public and regulators each quarter. 
  • Antal Fekete: What appears as naked short selling to silver analysts is really the activities of "bulls in bear's skin". It is the tip of the iceberg that can be seen. What is not seen, the bulk of the iceberg, is the dynamic hedging of ever increasing gold and silver hoards through the option-writing activities of the principals who want to stay anonymous. They are actually quite happy that the analysts believe, and spread the belief, that they are naked short. The longer they can keep the "cover" of being "naked", the better it is for their operations. Writing options on gold and silver hoards is a strategy that is becoming more widespread with the passing of every day. It is important because it hastens the gold and silver basis to go negative. It hastens the advent of permanent gold and silver backwardation. It hastens the dawning of the day when the regime of irredeemable currency will give up the ghost. 
  • Gerald Celente: There will be an economic collapse by end of 2nd quarter. There was only 0.1% GDP growth 1st quarter. Interest rate is zero interest so it discourages savings and fuels the stock market. Currency devaluation is like hyperinflation, but the currency is devaluated. We had 14 year low for new mortgage application, because the mortgage rate went up, but it was only 100 basis points. When interest rates go up, the economy goes down. Demand for gold is at all time high. The stock markets and libor and forex and gold are rigged. They keep gold down to keep interest rates down. Timing is the hardest part, because you don't know what they are doing behind the scenes. For example, who could have known they would come out with the QE program?
  • Jim Rickards: The dollar is going to collapse, and what I mean by Collapse is a loss of confidence. It has happened already three times in history (1914, 1939, 1971). The first two were because of world wars and the third one was when Nixon closed the gold window. We didn't all go live in caves when it happened. [DS: It is true we did not go live in caves during those wars, but much of the world was destroyed, and the elites did not have as a corollary objective the destruction of most of the human race]. Cyber attacks are a great threat to the financial system. The Ukranian and Russian hackers could shut down the NYSE. Of course the US hackers could shut down the Russian stock exchange, but the Americans have more to lose. 
  • Marc Faber: I travel a lot, but I would say that I don’t see a meaningful economic improvement anywhere. In fact, when I travel throughout Asia I see economies that are no longer growing. ...If central banks argue that we need an inflation rate of 2%, then I could argue that maybe it would be better to have deflation of 2% - 3% per annum every year because if prices went down for food, energy, healthcare and so forth, then the typical household would be better off because it would have more money to spend. And taxes have been going up for most people. They may not see it, but each time they use a public service, whether it’s a train from (point) A to (point) B, or a toll road, or a tunnel fee, they pay much more than before. I think the central banks are supported by the media, and the talking heads of mass media, they always kind of support what central bankers are doing when in fact, because of the money printing the typical household is being hurt.
  • John Embry: Janet Yellen is Ben Bernanke lite. She said due to the sub par jobs recovery they were going to keep interest rates at low levels for the foreseeable future. The stock market responded favorably to that, and naturally the gold market was knocked down, but the fact is her statement is wildly bullish for gold in the long term. They cannot remove the punch bowl without sending interest rates much higher in the US and the impact would be extreme.
  • James Wesley Rawles: Unfortunately, in an urban environment, you can do everything right, but if you’re neighbors can’t adapt, you’re going to end up just as dead, because… the sanitation situation is going to be horrendous. And, if people are going door-to-door kicking in the front doors of houses, eventually they’re going to get to your house. If it’s that bad, if it’s a total worst case, your chances are not that good hunkering down in place. You may beat the odds, but I would rather be somewhere else, frankly. If you live in the city you’re in the same situation as probably 30% or 40% of my readership, so don’t feel like you’re alone. There are a lot of people that would love to relocate, but either for financial reasons, or family obligations, or work obligations, or health considerations they have not.

All this and more on...

The Harvey Report! smileywinklaugh


· May 3, 2014 - 4:59pm

Another great post!

Really well done, Stephanie. And you are absolutely right about the numerous similarities between preppers and Eco/sustainability folks- tons of common ground, regardless of the divisions the media tries to create. I recently met a very "crunchy" young woman who runs a small organic farm with her family- eco sustainability, organic, heritage veggies, turning fields by hand instead of gas tractor, the whole route. We had a ton in common and really enjoyed talking and sharing ideas. Great young lady. She and her family are well-prepared, even if she wouldn't use those words.

sierra skier · May 3, 2014 - 5:03pm

OH,, 2nd

I love reading Stephanie's posts. I used to surf the Malibu and surrounding beaches in the mid sixties after body surfing since the late 50s in the area. We spent lots of time at the beaches growing up. Being from the Valley and living on top on the first foot hill to the west we used to watch the plume from the Budweiser plant in Van Nuys rise, swirl a bit and drift towards the golden state Freeway.

China has inherited many of our jobs and industry but has failed to control pollution or even attempt to visibly. By not dealing with the costs of pollution they can manufacture goods for less along with their lower labor costs. The Chinese folks have benefited from the jobs but continue to pay a huge price in pollution and related health issues.

I am a firm believer that the humans have over populated the holding capacity of our environment through cheap energy. This is a large part of the reason for pollution and the upcoming shortages we will see in oil, phosphorus, water and other vital needs.

Thanks Stephanie for another interesting post.

BTW. We experience Thunder Snow here, not often but usually at least once every winter. They shut down the ski lifts when that occurs.

Mr. Fix · May 3, 2014 - 5:05pm

I would take “ the fifth”, but this topic is just too juicy:

“Financial Apocalypse”? That's the least of it! There's just too many things going on converging all At once.

 A big one is the weather manipulation, epic droughts being caused where we grow our food, freak snowstorms that kill hundreds of thousands of head of cattle, I'm glad you mentioned “thunder snow”, I had a lot of that in my house this year, in fact, the weather was far more damaging than usual. Just look at what happened to some of the southern states in the past week, for example, Pensacola Florida getting 9000 lightning strikes in just 15 min.

 only yesterday, I woke up to 30°, and by the afternoon it was 80° I have no doubt that the weather we are experiencing has been specifically designed to cause as much damage as possible.

one aspect of “Armageddon” will definitely have to do with an extreme lack of food, and probably water.

 Let's not forget radiation, it's not just Fukushima, our storage facilities are leaking everywhere, the build up of radioactive debris at each and every nuclear power station is a disaster if nothing bad happens, and the cataclysm if the grid fails, or just about any other “false flag” to turn a nasty situation into an extinction event.

 How about the crap in Ukraine?! Apparently the banking cartel is going all-out to start this war, and Vladimir Putin may very well be put in a position where he loses all faith in his own people if he does not at least appear to stand up to them. 

How about all those biologically engineered diseases popping up all over the place?

 Nothing like ushering in Armageddon with a good pandemic.

 There's always GMO, nothing like distributing poison in the food supply.

 And of course, no decent Armageddon scenario would be complete without a complete currency collapse, used as a false flag to usher in a brand-new worthless digital currency, much easier to trace every transaction, in fact, no sale can go untaxed anymore, the ability of government to steal from the populace will be airtight.

 None of these trends can be turned around without good men standing up and saying no, “I will not comply”.

 Unfortunately, we still need many, many more well-informed enough to be able to make such a choice.

 In the meantime, we keep stacking, and get ready for the inevitable.

 PS, how did DayStar jump in my place while I was editing?

 I know I started out fifth, by the time I wrote my "doomer rant", I was only sixth.

 that's never happened before, it must be a harbinger of things to come.devilwink

Nana · May 3, 2014 - 5:49pm

Greed Is Their Creed

This is part of the reason we are where we are today. The politicians (gang of 545). The CEO's of major companies and their board members... This even applies all the way to the so called charities and many so called humanitarian organizations as well as many "churches". The other aspect is TPTB, they have wealth galore, more than they could ever spend in a few lifetimes, they have so much wealth they have moved on to a power control trip, literally. Of course there have always been a smaller group that have controlled many aspects who hide behind the scenes. They are the truly dangerous ones, dangerous in every way to mankind yet most people do not even know they exist. Then you have the bottom tier of people who believe they are owed everything from cell phones, food stamps, paid housing, free medical care and on and on (nothing is free even thou they believe it is). Is it any wonder how we got here....since the fall of man..... Personal solutions: start caring for your fellow man. Pay it foreword, if you see someone who needs a helping hand offer your assistance. If you have a neighbor who is elderly or handicapped or has a hard time getting around, take them dinner once a week, offer to take them somewhere they need to go, offer to do their laundry, cut their grass, shovel their snow. Pay it foreword, change the world one person at a time....

Undecided · May 3, 2014 - 5:51pm



edit 10 again its all happening so fast

DeaconBenjamin · May 3, 2014 - 5:57pm

IMF decides to lend $17.01 billion [in SDR ]to Ukraine

The loan is in SDR, not US dollars.

Print version

May 1, 2014, 10:01 a.m. | Ukraine — by Interfax-Ukraine

IMF has approved 2-yaer Stand-By Arrangement worth SDR 10.976 billion for Ukraine

The Executive Board of the International Monetary Fund (IMF) has approved 2-year Stand-By Arrangement (SBA) worth SDR 10.976 billion (about $17.01 billion, 800 percent of quota), for Ukraine, the IMF's press service said in a statement.

Ukraine Unveils IMF-Backed Fiscal Reforms

by Tatiana Smolenska,, Moscow

01 May 2014

Ukraine has unveiled a comprehensive program of economic reforms, backed by a USD17.01bn International Monetary Fund (IMF) loan which was approved on April 30.

The program aims to restore macroeconomic stability, promote sustainable growth, and strengthen economic governance and transparency. One of its key goals is to meet near-term fiscal obligations and gradually reduce the fiscal deficit, Reza Moghadam, director of the IMF's European Department, said. Authorities aim to stabilize budget revenue and embark on a medium-term fiscal adjustment path that distributes the burden of adjustment equitably.

Moghadam said that the program involves reforming tax administration to help reduce corruption and improving the business climate, to thereby achieve high and sustainable growth.

The government will enhance revenues by eliminating fraudulent tax evasion schemes, shifting to uniform (and thus less abuse-prone) excises on fuel, raising excises on alcohol and tobacco, and closing value-added tax loopholes, Moghadam said. The Government earlier announced that the corporate income tax rate, which was due to fall to 17 percent in 2015, and 16 percent in 2016, will remain at the current 18 percent rate indefinitely. Likewise, VAT, which was due to fall to 17 percent in 2015, will remain at 20 percent.

The IMF pointed out that without the reforms the combined deficit of the government and state-owned oil company Naftogaz would have reached an impossible-to-finance 12 percent of gross domestic product in 2014, undermining confidence in public finances.

The IMF approved a two-year Stand-By Arrangement (SBA) amounting to SDR10.98bn (about USD17.01bn) for Ukraine. The approval of the SBA enables the immediate disbursement of SDR 2.058bn (about USD3.19bn), with SDR1.29 bn (about USD2bn) being allocated to budget support. Future disbursements will be subject to a satisfactory performance review.

Also mentioned in Greg Hunter's weekend report.

stackaloha · May 3, 2014 - 7:24pm

Mt St. Helens

Mt St Helen's blew her top (May 18, 1980) on our way to church 60-70 miles away and it was in-freaking-credible! Dad drove us to the top of the hill we were on and remember how incredibly small I felt. Truly just an ant on an angry anthill! Sky went darkish in our area and we got ash but most went eastward fortunately. The scene of a brand new baby forest is amazing too as all the healthy trees that were planted/seeded were all around the same heights for miles and miles. Looking forward to visiting Mt St Helen's this summer again if she isn't acting up!

AlienEyes · May 3, 2014 - 9:07pm

Let them eat Xanax.

"The fear-mongering has gotten so over the top, that now our youth are beginning to suffer severe anxiety because of it."


Don't worry about it. Our youth have been dumbed down by the NEA until one with the IQ of a piss ant is called "gifted & talented."


We are so screwed. sad

NW VIEW Mr. Fix · May 3, 2014 - 10:02pm


It becomes more difficult each day to find things that are based on truth and fact. We are able to discern some things in life that have not been altered from the beginning. I love to see the sun come up, the birds singing at my organic garden, the peas sprouting upward and even the fish swimming in our pond. There is just something "good and truthful" within these views of life. It does not matter to me what expert may come to my home, the amount of PHD's he may have or his many articles he has written on these subjects. He may see my fish,birds, peas and even the sun in a different light and a different view but I will keep my view.

We are continually bombed with experts from all quarters. Some are in P.M.'s, politics, economy, wars, Israel, PLO, NOW gang, and many in the religions of mankind. Experts are everywhere. We listen to them on talk radio, forums, t.v. and texts are flying minute by minute.

There are many traps laid out before us. I was listening to a "so-called" expert on "deliverance ministry" and he has a huge following. Then it happened. He slipped up and exposed himself as one who had been deceived. He will lead many down the path of destruction and they will follow like sheep and a great price will be paid in the end.

Yes we have blind secret agents, well meaning in some cases and many who are agents of the true EE. Many things do not really matter in the end. One may have a square cave and another a round one. Some may be overstocked with grains and another with corn and fish. But when the last day comes we do not want to be like Adam and Eve who were shown the way out from the garden because we had believed a lie rather than the truth. That old deceiver was and is still a local expert. jmo

DayStar Mr. Fix · May 3, 2014 - 10:03pm

RE: Line Jumping

Mr. Fix wrote:

PS, how did DayStar jump in my place while I was editing?

I know I started out fifth, by the time I wrote my "doomer rant", I was only sixth.

that's never happened before, it must be a harbinger of things to come.

smileyYou snooze, you lose, Mr Fix. cheeky

BTW, good rant. It was a lot more popular than Harvey tonight, even though I had a clip in there from James Wesley Rawles. I thought that was really good, and something I worry about living in Suburbiaville. Sooner or later somebody is going to come kicking down doors, and even if you win that round, they are likely to be back with more guys and worse weapons, and even if you hold them off, they may decide to burn you out, and that is an awful way to go. I have a clip from Selco who survived a year of what he calls hell in the Serbia war. He participated in many gun battles and somehow came out alive, but many did not. However, we do not have stone and concrete houses like they do in Europe, and many bullets would go all the way through most houses here in America. They sure are not substantial buildings that can be easily defended. They are really not much better than Japan's paper houses as far as fire fights are concerned.

One thing I disagree with Stephanie about is peak people. If you took all the people in the world and gave each of them 6 sq ft, you could place them all in an area about the size of Texas. The problem is not too many people. The problem is government trying to fix a problem they defined as too many people and messing it up. God's planet can support more people; a lot more people. People just need to be free to innovate and make the deserts bloom instead of getting a visit from the MIB if they happen to invent Mr. Fix's ZPE device. Think what HAARP could do if it was directed toward the Sahara and making it rain there. The elitists have purposely shut down a multitude of free or nearly free energy devices that could provide desalination for coastal cities.

As far as China goes, if the society is free, a man can file big lawsuits against companies that deposit unwanted green goo on his property. It is called a tort and in free societies, it is a big incentive to businesses to literally clean up their act. When government won't let businesses be sued or the government is the one causing the problem, then you get environmental nightmares. But according to Tom Bearden, HAARP-like devices can clean up a lot of those problems as well, if they would let it happen (they won't). IMO, the problem is not too many people. The problem is elitists defining a problem (they define it to be a problem, so they can "solve" it and take your stuff), and then taking it upon themselves to solve it. Part of their solution is social engineering to make us believe there are too many people. Then they give us their solution to the problem they invented. Then of course in addition to forcing natural food producers out of business, they kill the bees; spray the skies with barium, aluminum and pathogens; poison livestock with antibiotics; infuse the food chain with sterilizing GMO foods; infect people with vaccines; afflict people with bioengineered pandemics; forcibly abort the babies of women who exceed their quota of children; induce famines, earthquakes, volcanoes, tornados and hurricanes with HAARP; and various and sundry other nefarious deeds like terrorists, EMPs, nukes, world wars, asteroids, and fake alien invasions.

So, instead of trying to help people, and giving incentives in a civilized society to people to not have more children, they just sit around thinking of ways to kill them and then go out and do it. These are bad, bad, bad people, and they have gained control of the planet, and they intend to remove most of us from the land of the living. The Sibyls say we will all die if God does not help us (e.g. look at Dave Hodges articles on bioengineered people who no longer have free will and look at his descriptions of the development of virtually indestructible soldier androids and the technology to monitor everything). I spend a lot of time petitioning God to remember us and what we are up against. If He does not help, few or none of us is going to make it (See the Georgia Guidestones objective #1).

It's not too many people that's the problem. The problem is the kind of people that have gained control of the planet. If God does not intervene, there won't be any room left on the planet for the rest of us, and for the poor man, God would have to build another world (Sib. Orc., Book VIII). The fact is, though, this is God's world, and He will intervene to preserve a remnant of His people. My chances are greatly enhanced to be part of the remnant He preserves, if I am on His side. He calls all of us to forsake evil and serve Him. He is a much better Master than the other guy. You have to serve one or the other, so you might as well pick the one that cares for you and will actually work things to your long term benefit. Since He is ultimately going to win (it's His world), you can pay Him now when it will do you a lot of good or pay Him later when it won't.


Bugzy · May 3, 2014 - 10:29pm

The planet can support way more people!

Tell that to last remaining fish in the sea. Or the mineral depletion of our soil. Or the amount of fossil fuel burnt each day. Read Thomas Malthus.

Maybe God just wants more people? and he is testing us or something?

Ok - enough of this, time for my weekend slurp

DeaconBenjamin · May 3, 2014 - 11:11pm

Nuisance Lawsuits

A Dallas jury recently awarded nearly $3 million to a family who said they were poisoned by a natural gas drilling operation near their North Texas ranch. The verdict, reached on April 22, is being called a landmark by opponents of the drilling technique, called hydraulic fracturing or "fracking."

Bob and Lisa Parr have been telling their story for a while. They even appeared in the anti-fracking documentary Gasland II. But since the verdict, Lisa Parr says it feels like she's been telling it nonstop.

It started in 2008. She had just married Bob and moved with her daughter to his North Texas ranch. "I started feeling bad. I blew it off as flu," she says. But months went by, and she kept feeling sick. "I had a rash throughout my body," Lisa Parr says. "My lymph nodes stuck out in my neck like the size of pecans. There was four of them on each side." Bob Parr and their daughter eventually developed symptoms as well, including dizziness, nosebleeds, rashes, stomach problems and difficulty breathing.

"The interesting aspect of the nuisance claim is that it is specifically in addition to the public law," says professor Hannah Wiseman, who studies fracking regulations at Florida State University. She says nuisance claims are increasing in parts of the country where oil and gas drilling happens near people's homes. "They allow this very broad argument that property use has been unreasonably interfered with, and I think they in part fill in what some people see as gaps in the regulatory regime," Wiseman says. She expects more nuisance claims, especially in places like Texas, where regulations are relatively lax. The Parrs' lawyer is already getting calls from other property owners.

Fred Hayek · May 3, 2014 - 11:23pm

Skeptics and AGW true believers, please read this book!

A couple years ago I read the book at the link below.

What a freaking eye opener! 

What do you think peer review of papers by scientific journals is? It's not what you think. When he got to be a reviewer for one climate science publication, Stephen McIntyre asked for the data that was the subject of one paper. The editor of that journal told McIntyre that they'd never had a reviewer actually request to see the data used in a paper.

And wait till you read the real story about "climate scientist" Michael Mann, the guy who produced the famous "Hockey Stick" graph. All it took was a little honest questioning by a Canadian mining engineer, Stephen McIntyre, to show that, Mann and his "research" are quite a bit less than represented. In fact, you'll find that it's McIntyre who behaves like a scientist, respecting evidence and demanding reproducibility while Mann, over a period of several years refuses to provide either his data or the formulas he used to process them. He never did. And, remember, this is a guy, Michael Mann, who wanted his graph to be the fulcrum around which environmental policy worldwide would pivot.

I think it is impossible to read this book and the behavior of the true believers in anthropogenic global warming and not come away skeptical of them. Now, please do not immediately apply the false dichotomy template to either the author's views or mine. A refusal to accept the hysterical anti-scientific blathering of many true believers in anthropogenic global warming does not mean that I (or I think the author) do not believe that there might be some warming taking place. Refusing to accept AGW hysteria does not mean that you *hate* the environment or any such cartoonish thing. Let's be adults here. 

But I challenge any devotees of the theory of AGW to read that book and come away with the same casual us versus them white hat environmentalists versus black hat everyone else take on things.

Dagney Taggart · May 3, 2014 - 11:40pm

A Rant

Just relaxing around the house this weekend catching up on some recent podcasts and videos. Too bad what I found was mostly crap....

First, Jim Rickards. The man is playing the well-spoken messenger role quite well. Talking up SDRs and Euros, pimping his books, and repeating what we already know about gold (nevermind silver). All he's every said about SDRs is that they are based on a basket of currencies. So what are they really? Just another counterfeit currency based on a pile of existing counterfeit currencies. Another scam to replace the dying ones. Just great, Jim. Please try harder.

I only bring this up because of:

Next, Chris Duane. This is how you pimp your coins, Turd! Be prepared to die laughing or become infuriated because this has to be the most disinforming and illogical video he's ever produced (and this only Part 1!!).....

The Batchelor radio programs regarding the Ukraine were interesting. Thanks, Turd. Good evening all.

John Galt Dagney Taggart · May 4, 2014 - 12:35am

@ Dagney re: IMF SDR

That IMF link is interesting in that it shows the Ukraine "bailout" is $US terms and equivalent SDR, which calculates at a roughly 35% differential. There are plenty of USPS forms available online that also show similar ratios between the two fiats.

At first glance it looks like a minimum and immediate haircut of roughly 35% has already been baked into the $US cake. Then again, who really knows what this SDR bogey currency really is? 

Gold Dog · May 4, 2014 - 2:20am

My Dear Turdville

Please excuse my absence, I have many pieces on my chessboard that need attending to. I do check in most days to read a couple of the lead articles and cudos to all the wordsmiths! My plan is to report in after the great "life change" is farther along. Let it suffice for now that I have been doing well on my RSIWilders trades and much less well on long term investments in raw materials production investments. I miss almost each and every one of you. Love, Dog

Safety Dan · May 4, 2014 - 2:43am

Gold, SDR and The Future

Gold And The Special Drawing Rights (SDR): 1969-Present Go to the link for the charts and more info.. 

Gold and the Special Drawing Rights (SDR)

There is no doubt that our actual international monetary standard based on the US dollar, in place since the breaking of the Bretton Woods accords in 1971, is living its last days. What will replace it?

On August 15, 1971, Richard Nixon, United States President, addressed the nation announcing the “temporary” suspension of the dollar’s convertibility into gold. In the address, he also stated, “In full cooperation with the International Monetary Fund and those who trade with us, we will press for the necessary reforms to set up an urgently needed new international monetary system.” Forty years later, nothing has been done. The « temporary » suspension has become permanent. Since 1971, the world is operating on a dollar system solely based on the integrity of the U.S. debt. Excessive debt, especially in the United States but also in the rest of the world, has just reached its limits. The 2008 crisis was just the start of the end game.

In chart #1, we can see how foreign currency reserves are distributed at the IMF since 2013. We observe that the US dollar, at 64% of the total, and the euro, with 25%, largely dominate. In 2000, the dollar reached a maximum of 71% of the reserves.

Chart #1 : IMF Foreign Reserves by Currencies (COFER)


Special Drawing Rights (SDRs) were created by the IMF in 1969. Originally, the value of an SDR was defined as equivalent to 0.888671 grams of fine gold (0.028571oz) which, then, was also equivalent to a US dollar (1oz of gold = 35 SDRs = US$35). Anyhow, after the gold exchange standard, commonly called Bretton Woods in 1973, SDRs have been redefined as a basket of currencies, today comprising of euros, Japanese yens, British pounds and US dollars. The SDR rate in US dollars is posted every day on the IMF’s website. It is calculated as being the sum of a specific amount of the four currencies in the basket, rated in US dollars based on the exchange rate fixed at noon, each day, on the London market.

Chart #2 : IMF’s Special Drawing Rights (SDRs)

Today, since December 2010, the value of one SDR equals the sum of 0.423 euro, 12.1 yens, 0.111 British pound and 0.66 US dollar. On February 21, 2014, one SDR was worth $1.542905, an ounce of gold was worth 857.75 SDRs, and it was worth $1,323.25. This clearly shows the devaluation of paper currencies compared to gold since 1971 (-2,450.71%).

Chart #3: Gold vs Special Drawing Rights Gold in SDRs

According to the statutes of the IMF, member countries are forbidden to tie their national currency to gold. This is the reason why Switzerland was forced, when it became an IMF member in 1992, to abandon its 40% gold coverage of its currency which was until then written in its Constitution. SDRs are neither a currency, and neither are they IMF-issued credits. It is rather a potential claim on the free-floating currencies of the IMF members. China is the only one of the six large world economies whose currency (Yuan) does not have reserve currency status.

It seems that there are secret negotiations going on at this moment under the auspices of the IMF and the Bank for International Settlements (BIS) in order to prepare for a new international monetary system. Many scenarios exist, from creating an international paper currency, still based on a basket of currencies like the SDRs (chart #3), but that would include the Chinese Yuan and other currencies from developing countries (Russian ruble, Indian rupee, Brazilian real, South-African rand), to an SDR that would also include a percentage of gold (charts #4 and #5). Robert Mundell, Nobel Prize laureate in economics, was already proposing an international currency in 1998, the INTOR, comprising 50% of gold and a basket of paper currencies (chart #4), while Dubai’s DIFC, in a 2010 study, was proposing 20% in gold.

Chart #4: Robert Mundell’s INTOR

Chart #5: « Hard » Special Drawing Rights of the DIFC

Robert Zoellick, former chairman of the World Bank, in a Financial Times article in 2010, was also proposing an SDR, but tied to gold. It looks similar to what existed when the dollar was linked to gold before 1971. Bank of China’s governor Xiaochuan is proposing to develop SDRs as a « super-sovereign » reserve currency, disconnected from any particular country and able to remain stable on the long term. In view of the massive gold buying from China, it is obvious that a link to gold is part of China’s strategy.

All of those scenarios pre-suppose preparations, along with an international conference, before a major monetary crisis occurs. Obviously, the current system has been quite profitable for the United States, and that it does not wish for profound changes. « The dollar may be our currency, but it’s also your problem ». This U.S. position, aptly expressed in 1973 by John Connally, U.S. Treasury Secretary, in a speech to Europeans, still seems to be predominant today.

If a monetary crisis and a crash of the current fiat system based on debt occur, then the chances of negotiating a solution will become thinner and thinner, and a de facto standard will impose itself. What will it be? It is the one already here, in the shadows when everything is fine, and shines when disaster strikes… and that has been there for 5,000 years: gold that is (or gold and silver).

According to a study from the OMFIF: “The role of gold is likely to be bigger in the transition period to a multiple reserve currency system than when such a system is in existence; in both cases, it will be greater than today.”(1) Also, “History shows that the fall in the value of one reserve currency does not necessarily translate into a rise in the value of others. Instead, turbulence for one reserve currency may well spell turbulence for all, prompting markets to seek a non-currency safe haven. The answer, usually, is gold.”(2)

Jim Rickards, author of Currency Wars, states in an article, “When all else fails, possibly including a new SDR plan, gold is always waiting in the wings as a stable, widely accepted store of value and universal money. In the end, a global struggle between gold and SDRs for supremacy as “money” may be the next great shock added to the long list of historic shocks to the international monetary system.”(3) Gold’s role will be much more important during the transition period to a new international monetary system than afterwards.

As far as I am concerned, I cannot conceive, just like General de Gaulle, president of France (in his 1965 speech, at the end of the « gold exchange standard »), that « there might be any criterion, or standard, than gold. Yes! gold, that is never altered, that can be made into bars, ingots or coins, that has no nationality, that has been held, eternally and universally, as the most excellent unalterable and fiduciary value ».(4)

Throughout the centuries, in countries being much different, economically or politically, whether the price was fixed or free, gold has maintained its real value and has remained constant despite significant fluctuations over short periods.

Gold Standard – 1kg – 51.9 cm³

“The main thing we miss today is universal money, a standard of value, the link between the past and the future and the cement linking remote parts of the human race to one another.”(Robert Mundell) (5) The world is in need of a monetary standard that would be constant in time and space, like the meter (distance), the liter (volume), the kilogram (mass), the hour (time) or the degree Celsius (temperature), and would be linked to others (e.g. 1kg/51.9cm³).

It is impossible now to know what system will be chosen, or which one will impose itself, because it all depends on the chain of events that will trigger the end of the current « dollar » system based on debt (mainly U.S. debt). The United States will be the last country to accept a reform that would eliminate the « exorbitant privilege » (6) offered by the present system, and it will make no proposition to stray from the current system. This system maximizes its stronghold. It is however certain that the gold price will rise sensibly until a new monetary system is in place.

ivars · May 4, 2014 - 5:18am

Continuation on Ron Paul and USA isolationism impossibility

Already Romans knew that to have peace and prosperity in the Center of the Empire You have to place legions at the utmost borders of Your interest sphere ( In Roman times it coincided with direct geographical limits but NOT with citizenship limits of the Empire- as it is now in the case of the USA) and spare nothing to maintain your ability to prevent threats to Empire in those outposts.

To increase revenue for the center as governance gets more complex and maintenance of military You have to expand the Empire ( USA since its beginnings) . Once expansion stops, Empire starts to collapse, from peripheries, ending in the destruction of the center. Rome started to lose peripheries from 117 AD onwards (according to devaluation of Roman currency vs Western Empire reserve currency it corresponds to year 1850 in current cycle around the time of biggest extent of British Empire (including subjugation of China after Opium wars) , 2014 corresponds to 281AD) to others but it vigorously defended them. Had it not, it would have perished much earlier.

So defending peripheries of the USA empire is vital to the medium term survival of its center- citizens who as any imperial center enjoys the spoils either in form of wealth, expensive form of governance-democracy ( which is oligarchy as its ruled by money) , and peace. USA lead Western Empire includes Europe and Japan directly . Nothing new in this approach. Peripheries that GUARD the interests of the center are in the state of permanent war, open or behind the scenes.

The rest is utopia. The faster the USA insulates itself, the faster Western Empire that forms its perimeter will collapse, and in the end USA may continue to exist like a Byzantine Empire in best case- a decaying local power to be overrun one day by more powerful rivals like China. These developments does not happen fast, but surely. 

As to the founding fathers, the key reason for unification of states and writing of constitution was to take over money supply control from individual states and distribute resources via central executive authority. Of course such logical centralization stabilized the country, but it was not democratic at all. Big difference between words and deeds as always in history of republics. Words to please the masses, deeds to allow elite to control key resources. 

Like this discussion. Pretty lively. 

I Run Bartertown · May 4, 2014 - 6:18am


Oops, my response was intended, and fit better, with your post here:

ivars · May 4, 2014 - 7:10am


Well I disagree. You can not run away from your past, and as USA greatness is based on Empire nature of its hold on the world via Western Empire and control of money supply, what could be a result of isolationism is completely different from what is today. 

While You may prefer that state others will not hesitate to use the diminishment of Western Empire periphery and then center. There is no status quo ..there is only dynamic status quo when from both sides pressure is applied. If one side starts to shrink, it will have to get even more militarized or expire. History teaches that cheapest way is proactive playing of strategic game and elimination of strategic dangers, not hoping for last battle of defense when the war is brought to your territory like a walled city that is surrounded from all sides. Sounds reasonable for me that strategic game (I think that is what You call meddling) has to be played including the whole board, not just in one corner. 

Otherwise You lose. Empires collapse anyway, but even that is negotiable , how they collapse and what is left. Putting head in the sand does not help to make the right move.

buzlightening · May 4, 2014 - 8:55am

Speaking of DOOOOOOM rant

on any and all? From Lindsey Williams site:

Elite Instituting Drastic Measures Immediately…

By James Harkin on Friday, May 2nd, 2014 | 17 Comments

Pastor Williams just emailed me something I should share with you all immediately…

“A while back I mentioned that my Elite friend was traveling for a few months. He and his wife JUST arrived back home. I just received an email from him. It was startling beyond words.

HE SAID -“The Elite are instituting drastic measures which will be implemented IMMEDIATELY. The world as we know it will never be the same again. Expect catastrophic events in the monetary world, nature and the Elite EXPECT DIVINE REPROCUSSIONS.”

I will try to get my friend to elaborate more.”

I will add more when Pastor Williams knows more…

- See more at: ..............................................................................

Well, you don't need to be a prophet to read the signs of the times. Even a person with little effort to get outside the fane stream media box, would know we're being herded into places where we can be corralled; slaughtered and milked like the stupid sheeple we are. So who really isn't aware on this turdville thread the EEE are poised to serve up mutton; sheeple being invited to dinner and we're the main course. Saw it coming right off years ago. Now the dinner bell ringing louder and longer than before. It's all escalating to some grand mal EEE seizure. Just stay out of the way of the sheeple stampeded over the lemming cliffs. NO FEAR FOLKS. Action cures fear and there's little more one can do than have your self sufficiency economic life boats ready to launch. Yes! Prayer is effective when you get on your knees to depend on God, but once off your knees depend on yourself. Knowing in full confidence your prayer is heard. God will take you by the hand and lead you to safely to a place of refuge. God gives no answer to prayer, except He prepare a way for you to accomplish what He has commanded you to do. My suggestion is just do and you will know God is behind your action. Something about doing, before knowing your faith is made full. You do and you know God has answered. Faith is not to have a perfect knowledge but hoping for that which is unseen being true. You gotta act before you know God truly is leading you by your hand to safety. Don't get all bent out of shape if the road is hard you're asked to take. Children of Israel had their backs entirely against the red sea before it was parted. It may appear you're being brought to some dead end but don't lose faith. God is more powerful than all the EEE combined worlds without number. Plant the seed of escape through fasith in God as our forefathers, if you haven't already. Know it's all part of the plan; Gods PLAN to free all nations, kindreds, tongues, and people His way and not any other way.

Bugzy · May 4, 2014 - 10:37am

Superb pice on inside info from the Pastor

Let me guess, send him money to find out more?

Food for the SRSRoco me thinks

John Galt · May 4, 2014 - 10:48am

Latest Lindsey Williams Doom Rant

So, we are told there is an urgent message from the Pastor because the Elites are doing something immediately, and then all we getis crickets.

Why the delay? An urgent message should take no longer than a 30 second clip. Does a 2 hour sermon need to be created first? Or has the shipment of the latest doom & gloom DVDs been delayed by the trucker strike in Long Beach?

· May 4, 2014 - 2:20pm

Lindsay Williams Hoo-Ha

Nothing against Lindsay Williams, but he seems to me to be constantly posting these DIRE WARNINGS OF IMMINENT DOOM!!! that end up causing a lot of people to roll their eyes. We've been hearing for years now that the elites are going to be pulling off something big and massive and horrifying. I'm not saying something bad isn't going to happen. But how many Lindsay Williamses actually predicted 9/11? (Other than the Lone Gunman television show and an obscure magazine shot in an episode of The Simpsons?)

Magpie · May 4, 2014 - 2:20pm

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