Financial Apocalypse? What Financial Apocalypse?

60
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.

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Nana
May 5, 2014 - 6:09pm

They Would Rather Believe A Lie-The Programming

TPTB do not want an awake and aware population that can actually think... this would derail all their lies used to control the masses...

You are the enemy if you can think and put the pieces together....

realitybiter
May 5, 2014 - 11:05am

Common Core

I saw my 3rd graders math the other day, and I thought "whiskey tango foxtrot". I have an engineering degree with basically, four hard college years of every calculus class imaginable. I could not believe the mind f-ing the math was having on her. So she and I stepped through it....and then the common core bulb went off....

Bill gates bought off everyone, spending $2.5billion....O's basketball buddy, Sociologist turned education guy, Arne Duncan, quietly saddled the Country with Common Core. It ain't about education....it is about control and indoctrination....

https://sgtreport.com/2014/05/brilliant-anti-common-core-speech-by-dr-du...

opticsguy
May 5, 2014 - 11:05am

Dallas does Austin a favor

Probably 3000 families from CA and KY will relocate to DFW with the Toyota move, and another few thousand when State Farm pulls up stakes in IL (they just built 1.8 million sq ft of office space here). Unfortunately, Collin county and Richardson are not part of the now Fluoride-free Dallas water utilities. They voted to stay out of it 50 years ago and now 2 million people are trying to live off of the water from two small lakes.

These relocations must explain the surge in real estate speculators. My house appraisal went up 20% thanks to an investor paying more for two abandoned houses on each side of me than my house was worth on the tax rolls. That being said, my house is now worth as much as it sold for in 1985 (the first Dallas real estate boom).

realitybiter
May 5, 2014 - 10:55am

Rickards

gave a pretty lengthy interview over at Financialsense.com....Pretty good stuff, I think. Maybe already seen by many...

In the middle of the interview, he said something which kinda sorta sounded like Jim Willy:

1) In 2007 subprime blew up. Banks loaned money to folks that should not have been leant to. These private loans went bad. This was exacerbated by the CDS nonsense, which was the vehicle to make the stupid loans....

2) Markets realize the problem head South.

3) Fed jumps in and takes on ALL of these bad private debts....making banks whole, but never lets the debts die the death necessary to cleanse the system....system remains "dirty".

4) Of course, a recovery of sorts happens....but, since the fed chose to save the banks, not the consumer, there was no way a real economic recovery could happen. In fact, they made it worse. They created silly stimulus programs that had social agendas, not real beneficial economic agendas (cash for clunkers could have actually been cash for replacing a hundred year old bridge, for example....) (huh...I listened to another interview last night about Common Core. yup, it was borne from stimulus money in 2009, dubbed Race to the top...RTTT - $4.4B doled out to States IF they agreed to common core when it came out, later - all but 4 states took the money)

- point is that they weren't kidding -"don't let a crisis go to waste" Seize the moment to make social (not economic) change. They pissed the economic opportunity away in exchange for social change.

- so they are stuck. Weak consumer, sorta kinda healthier bank....Enron accounting style...

SO we are at the same spot as 2006, except this time MUCH worse....we aren't talking about New Century Financial, the subprime darling (wiki it, its a doozy)...we are talking about the Central Banks of the World are now subprime lenders....

5) Fed cannot keep up with QE. Right now they are QE-ing and there is no crisis. What the hell will they do when the broke system demands that they need, oh, I don't know, $4trillion more? Won't happen. Minsky-style. And then the CFR/trilateteral/bilderbergers get their wetdream nirvanna-

IMF becomes THE central bank of the world...the IMF SDR becomes Jim Willy's international dollar (worth - pick a number - 3 sheist dollars)....and then the shite hits the fan, shite gets expensive in terms of sheist dollars....

https://www.financialsensenewshour.com/broadcast/fsn2014-0426-2.mp3

Seems pretty consistent to me....

wtfdik?

My question: If the US dollar gets wiped out locally what does that mean to multinational corps? At a min, it has to further reduce the US consumer....last time I check that was a big part of sales...40% of Apples. 50% for most corporations....cost of money? It has to give gdp a haircut. How much?

silver66John Galt
May 5, 2014 - 10:42am

Apocalypse---John Galt

I have never looked up the word. Thank you for the post. I have been saying to my wife for 5 years now, that there is going to be a day when the boomer generation and in fact North American society is going to wake up and everything they have been sold is going to be revealed for a lie.

Up is down, Black is white.

I agree with the cosmic comment, we are entering the age of Aquarius. As above so below

The Clock of Giza (1/2)

Silver66

John Galt
May 5, 2014 - 10:36am

Apocalypse - Definition

My thoughts on all this Apocalypse talk:

Let's start with what the word actually means. By definition the word apocalypse is explained below (taken from Wikipedia):

"An apocalypse (Ancient Greek: ἀποκάλυψις apocálypsis, from ἀπό and καλύπτω meaning 'un-covering'), translated literally from Greek, is a disclosure of knowledge, i.e., a lifting of the veil or revelation, although this sense did not enter English until the 14th century.[1] In religious contexts it is usually a disclosure of something hidden."

So, an apocalypse is a disclosure of something that has been hidden. In the Biblical sense, the Apocalypse (revealing of the hidden) happens in the Book of Revelations.

What is a revelation? A revelation also means that something hidden is revealed.

So we are entering a time where what has been hidden from us will be revealed.

In a cosmic sense we are also transitioning from the Age of Pisces (symbolized by the fish, where individual thought is secondary to acting as part of a large group, where individuals obediently follow - as schools of fish are wont to do) to the Age of Aquarius, symbolized by the Water Bearer. Water is a symbol of knowledge and giver of Life.

We are entering a time of knowledge, then, where we will discover collectively and as individuals that what has been hidden from us will be revealed.

Schools of fish and herds of people are easy to control through fear, and that has been the way of the world for thousands of years. But as part of the transition now happening cosmically (and manifesting here too) the masses have become less and less easy to control.

Old systems are breaking down and those who have held power because of the old system are now terrified to feel their power slipping away.

Patrancus
May 5, 2014 - 10:08am

what apocalypse

is their a doctor in the house who is making light of a doom and gloom future ahead for the once best healthcare system on the planet ? well yes there is and she does it in one long sentence.

Video unavailable
Strongsidejedistackaloha
May 5, 2014 - 1:28am

@stackaloha - Casey and sugar

Casey used to get alot of attention from me. Then, someone on this board posted the analysis that he was selling real estate in Argentina. Haven't changed my mind yet because the interest rate hikes have never appeared.

Plus, I am irritated with the FuBAR FBAR requirements!

Regarding that coin guy, that sounds like the guy I met many years ago. He gave me a funny look when I was in the shop...probably because he didn't know me.

Last time I was leaving OGG, the TSA squad was complaining about the security threat posed by my wife's lavender farm jellies. How idiotic! I had to repack and put it in the suitcase and check the bag by getting out of line, going back to the ticketing area, checking the bag through ag and then TSA and then getting back in line.

There is something seriously wrong when a teenager from San Jose can walk on board in the wheel well of a plane and end up in Maui without a ticket while I with a boarding pass, identification, and luggage can not get on the plane with the ticket I bought.

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stackaloha
May 5, 2014 - 12:57am

Strongsidejedi

Currently there isn't a gold coin guy in Wailuku, there is a pawn shop and a jewelry/we buy gold guy there. There is really only one small coin/bullion shop and its in Kahului on Hukilike street. It's a small shop so less selection than in a big mainland store definitely. There are some awesome old Hawaiian gold coins and notes there that are quite nice and i would love to have some... Owners name is John and he's a fair guy. He gives me decent prices but maybe because one time he thought we had paid already for around $1000 worth of bullion although we hadn't. I was honest and told him we hadn't paid. Some people say that's dumb but he had always been fair and helpful regarding my many questions. Maui Coin and Jewelry is the name and if you come back to Maui you should have him show you the Hawaiian coins.

water rights are an issue still but it's rained so much this winter that I haven't heard anything about it in quite a while. Much water is used for non-sustainable crops like sugar which is very prevalent here, much to my dismay. Also, water is diverted to the Kihei side which is almost a desert. Hawaiians love their Poi and the Taro fields that it is produced from need plenty of water so yes it leads to battles over water rights.

stackaloha
May 5, 2014 - 12:55am

New interviews

I havent listened to these yet but i'm about to.

Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse
COMPLETE SYSTEMIC COLLAPSE -- Alasdair Macleod

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