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Fwd: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil


Thank you, Harmon …. In this circus, the lion eventually devours everyone, if they don’t have enough sense to get out of there.


George
 — On Tue, 7/12/11, Legal Reality <legal_reality@earthlink.net> wrote:
From: Legal Reality <legal_reality@earthlink.net>
Subject: Fwd: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil
To: “Legal Reality” <legal_reality@earthlink.net>
Date: Tuesday, July 12, 2011, 11:58 AM

12 July A.D. 2011There are multiple stories below.  Key is the recent German decision to refuse to continue to finance Italy and Spain.  The PIIGS nations are feeling the consequences of unpayable debt.

Not healthy for the EU.  Ultimately, it’s probably good for those seeking liberty, for the thumb of the internationalist banking regime may have reached its limit.  We’ll find out plenty soon enough.
To understand “exponential growth” is to understand what had to have been the plan from the beginning by the “lenders.”  Where debt grows exponentially, which is what happens with interest, it is easy to calculate “when” any debt becomes unpayable.
The present “debt ceiling” political football is a fancy spin, i.e., cover story, on the reality that math is pretty solid in basis.  A debt that’s growing exponentially can’t be paid.  To continue to pretend that a “debt ceiling” needs to be raised is to continue to pull the wool over the people’s eyes as to the mathematical reality.  Germany is commercially compelled to act within the boundaries of mathematical reality.  Good for them.
We look forward to the day when the bread and circuses no longer keep the American minds focused away from our financial/mathematical reality.
As a interested voice in East Texas reminds us quite often, that which cannot be paid will not be paid.
Harmon L. Taylor
Legal Reality
Dallas, Texas
Subscribe / unsubscribe :  legal_reality@earthlink.net

—– Forwarded message —–
From: “Gold Anti-Trust Action Committee” <gata@lists.gata.org>
Date: Mon, Jul 11, 2011 3:59 pm
Subject: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil

01:59PM ET Monday, July 11, 2011

Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil
How awful of those nasty Germans to resent paying for the loose living of others!

* * *

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 11, 2011

http://www.telegraph.co.uk/finance/8631219/German-Nein-leaves-Italy-and-Spain-in-turmoil.html

Italian and Spanish bond yields soared to post-EMU highs in a fresh day of credit turmoil after Germany blocked any meaningful measures to defuse the crisis.
Chancellor Angela Merkel called for more “frugality” in Italy, sticking to her script that Rome can solve its woes with an austerity budget. Her finance minister Wolfgang Schauble said any boost to the EU’s E500 billion (L440 billion) bailout machinery was “out of the question.”

…. Dispatch continues below …

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Prophecy (TSXV: PCY) Secures Russian Far East Seaport Allocation
and Updates Ulaan Ovoo Mine Production

Company Press Release, June 14, 2011

VANCOUVER, British Columbia — Prophecy Coal Corp. TSX-V: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) has arranged with the Port of Sovgavan in the State of Khabarovsk, Russia, so the company will have initial access to port allocation of 25,000 tonnes of coal per month starting this month, potentially expandable to 50,000 tonnes per month, representing 300,000 to 600,000 tonnes annually. Prophecy also will be assigned a coal storage area at the port.

This arrangement provides Prophecy’s Ulaan Ovoo thermal coal mine with immediate access to the Asian seaborne export coal markets. Sovgavan is strategically located on the seaboard of the Russian Far East. The port is privately owned and can accommodate seagoing vessels of up to 160 meters in length, with the depth of loading site of 9.5 meters. The port has loading capacity of 6,000 tonnes per day and direct connections to Trans-Siberian railroads and uncongested Russian state highways.

Securing the port opens Prophecy to a significant number of coal buyers, and the company is placing top priority to conclude rail transport within Russia and coal offtake contracts.

Prophecy’s Ulaan Ovoo mine commenced production in 2011. So far this year the mine has produced 200,000 tonnes of coal, which are being stockpiled. The average quality is 4,200 kcal/kg NAR with 5 percent ash and 0.5 percent sulphur. Those attributes compare favorably to the coal being purchased by local Russian and Mongolian power plants.

For the complete company statement, please visit:

http://www.prophecycoal.com/news_2011_jun14_Prophecy_Secures_Russian_Sea_Port_Updates_Ulaan_Ovoo.php

Mr Schauble denied reports that Berlin was ready to empower the fund to purchase Spanish and Italian bonds pre-emptively on the open market, a move seen by experts as vital to halt dangerous contagion to the larger economies.

The market’s verdict on EU foot-dragging was instant and brutal. Yields on 10-year Spanish bonds smashed through the 6pc barrier for the first time since 1997, made worse by warnings from the Castilla-La Mancha region that its deficit had become “extremely serious.”

Italian yields jumped 44 points to 5.7 percent, a level that starts to threaten the sustainability of the country’s finances. Markit’s iTraxx SovX Western Europe, Europe’s sovereign stress gauge, saw the biggest one-day rise ever. “Contagion was the word on everybody’s lips,” said Gavan Nolan, Markit’s credit chief.

EU leaders seem unable to keep pace with the fast-moving events. Eurogroup finance ministers focused yesterday on details of “burden sharing” for banks that lent to Greece, no longer the most urgent matter. A summit of top EU officials ended with no hint of how the crisis could be contained.

“We’ve painted ourselves into a corner. At this point, either someone — Germany, the European Central Bank — has to fundamentally shift position or everything blows up,” an EU official told Reuters.

Berlin has resisted any move to buy or guarantee the bonds of distressed debtors, viewing it as a slippery slope towards a fiscal union and a breach of Germany’s Basic Law. The ECB in turn has refused to buy Spanish and Italian bonds, saying it is the task of EU governments.

The euro tumbled over two cents to under $1.40 against the US dollar. Gold rose to $1,556 an ounce on safe-haven flows. Italy’s stock market led the rout of global bourses, dropping 4 percent despite moves by the regulator Consob to curtail short-selling. Italian bank shares were pummelled again. Unicredit fell 6 percent, and Intesa SanPaulo fell 7 percent. London’s FTSE 100 fell 1 percent, while the Dow was off 1.3 percent in early trading.

Escalating woes in Italy and Spain raise the stakes dramatically. The pair have E6.3 trillion of total debts between them. Jean-Claude Trichet, the ECB president, said Europe is now at “the epicentre of a global problem.”

Yet EU attention remains focused on curbing the rating agencies, a campaign that is turning shrill. Viviane Reding, the EU Justice Commissioner, said the authorities must “smash the cartel of the three US rating agencies.” Fitch is, in fact, French-owned.

Barclays Capital said EU leaders must recognise that Greece is insolvent and prepare for an orderly debt restructuring, perhaps one that shares the pain between private creditors and the EU taxpayer and gives Greece a way out of its trap by easing the debt burden by 60 percent.

Such a move requires back-stop defences to prevent contagion, perhaps by using the EFSF bailout fund to shore up Club Med bond markets. The solution is elegant; what lacks is political will.

Gary Jenkins at Evolution Securities said the EU cannot keep stalling. Italy’s borrowing costs are ratcheting toward the fatal line of 7 percent. “It is worth remembering how quickly bond yields can get out of control by looking at what happened to Greek, Irish and Portuguese 10-year yields. What would keep me awake at night if I was a European finance minister is that we are only about 2 percent from potential disaster,” he said.

* * *

Join GATA here:

Gold Rush 2011
GATA’s London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gatagoldrush.com

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Thursday-Friday, October 20-21, 2011
Davenport Hotel, Spokane, Washington

http://cambridgehouse.com/conference-details/the-silver-summit-2011/48

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Golden Phoenix Shareholder Conference Call To Discuss
Start of Gold Production at Mineral Ridge Gold Project

Company Press Release, June 27, 2011

SPARKS, Nevada — Golden Phoenix Minerals, Inc. (GPXM) has scheduled its second quarter 2011 shareholder conference call for Tuesday, July 12. Shareholders are invited to participate in the call, will begin at 1 p.m. Pacific and 4 p.m. Eastern time.

Company management will provide updates on accomplishments in the second quarter and explain how the company’s royalty mining growth strategy is expected to unfold in the second half of the year.

Topics to be updated include the start of gold production at Mineral Ridge, developments on the Vanderbilt Silver and Coyote Fault Gold projects, the Shining Tree and Peru projects, and drilling plans for 2011. Questions from shareholders will be answered as well.

“Thirteen months after closing the joint venture between Golden Phoenix and Scorpio Gold, the Mineral Ridge property has entered gold production,” said Tom Klein, CEO of Golden Phoenix. “Last week both companies completed joint tours of Mineral Ridge. We look forward to providing a complete update on our conference call.”

Participation in the shareholder conference call can be arranged by telephone, webcast, or Skype. To participate, dial 952-356-0015 and enter Conference ID 419582#.

For the company’s full press release, please visit:

http://goldenphoenix.us/pressreleases/

Golden Phoenix (GPXM) is a U.S. mining company with international exposure to gold, silver, and strategic metals. The company’s business model combines project generation and royalty mining that offers the potential for exploration upside, coupled with the backing of production and future royalty streams. View company videos here: http://www.GoldenPhoenix.us

Read more at http://www.gata.org/node/10117


What Difference Does It Make?


What Difference Does It Make?

What difference does it make? That’s the 64 Amero question. If you have a secure supply of drinking water, long term storage food to last a few years, and have the rest of the list of basic necessities, what happens next shouldn’t mean much. Being outside the large cities would be a good idea. It’s just easier to avoid problems, that way. Individuals can be known much better than crowds.

Understanding that government turns populations into refugees better than any other organization in the history of the world, would help you avoid, as Arlo Guthrie put it, being detected, inspected, injected and infected. Read everything you can about the history of crisis management. At least you would have an idea about how things work at your friendly local neighborhood Guantanamo, should you end up in such a place. If you are at all, historically and traditionally American in your thinking, you are probably labeled a potential terrorist. The Corporatist animosity toward all things American are very well documented. Congress isn’t on the ‘A’- list, and I doubt that I, you or anyone we know is in that privileged class.

Everything comes down to being in the right place, at the right time. That is the difference that the times we are in, makes. Beyond what an individual can carry, there isn’t much worth having, if it isn’t immediately accessible. Everyone should examine their far-flung, personal little empires. When the bureaucracy turns cannibal on itself, don’t go swimming with the sharks. Always a survivor, never a refugee.


One Hour Meltdown


                        One Hour Meltdown

Rev. 18:19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

Below is an article on the mechanics of how this prophecy will be fulfilled in America by a professional engineer. Worth the time to read.

——————————————————————————–

The One-Hour Meltdown
Copyright © July 22, 2009 by Robert Wayne Atkins, P.E.
All rights reserved and all rights protected under international copyright law.

——————————————————————————–

Introduction
The following is just my opinion. It is nothing more than my opinion. I have nothing to substantiate or prove any aspect of my opinion. My opinion is simply the logical conclusion of a law-abiding sixty-year old Christian grandfather who has both an engineering degree and an M.B.A. degree and who has seen both good times and hard times during his life.

The Current Situation:

At the present time every nation in the entire world is facing serious financial and social stress. If only a few nations were involved then it might be possible to contain the upcoming meltdown to a few specific geographical areas. This has been successfully done in the past. However, since the entire world is currently on the edge of the cliff, when the meltdown begins it will impact almost everyone on the face of the earth.

Unless God chooses to intervene, the meltdown is no longer avoidable. Our governments and our financial institutions are no longer in control. However, to keep the system working just a little longer they must maintain the illusion that they have the system under control. But the system is broken and it can’t be fixed.

There are two reasons why the system can’t be fixed:

It has grown beyond its own capacity to support itself.

It has become so complex that no one can do anything significant to fix it because it is hemorrhaging in too many different places.

The average person in every nation on the face of the earth knows the meltdown is coming. The wealthy people know it. The poor people know it. Nobody wants it to happen. But almost everyone is just patiently waiting for it to begin and at the same time hoping that it doesn’t begin too soon.

Nobody knows when the meltdown will actually start. It may begin one-month from now. Or a year from now. Or three-years from now.

But almost everyone knows that at some future date the meltdown will occur.

This widespread knowledge of the impending disaster is the reason that when the disaster begins it will quickly and completely spiral out-of-control in one-hour or less. In my opinion, most people do not seriously believe it could happen this quickly. Most people expect a more gradual meltdown. They may be right because nobody can predict the future, and that includes myself.

——————————————————————————–

The One-Hour Meltdown
However, my personal opinion is that once the meltdown begins then in less than one-hour it will quickly escalate far beyond anyone’s ability to control or manage it on a worldwide basis. The five basic assumptions that cause me to believe in my “one-hour meltdown theory” are as follows:

Banks: The financial institutions around the world cannot withstand a full-scale worldwide bank run. Therefore, they have already made plans to immediately shut down the instant they are told to do so. Within minutes, all across the globe, all the ATM machines will be offline, all credit card and debit card verification transactions will be halted, and all banks will have their vaults locked and their doors locked and their building emptied of all personnel, except perhaps for some special security guards. All high-level bank executives will immediately disappear to a wide variety of remote safe unknown locations. All telephone call inquiries to any of the financial institutions will be automatically answered by a computer with a pre-recorded message similar to the following: “Our system is currently experiencing an extremely high call volume and therefore we are unable to answer your call at this time. Please try again later when our call volume returns to normal.”

Governments: The vast majority of our government leaders all over the world are relatively intelligent individuals. They completely understand the ramifications of a “bank holiday” in our computer controlled financial economy. Therefore, all government offices will also be immediately shut down, and they will empty their buildings and lock their doors. Any transaction in progress, including any trials in progress, will be immediately halted and postponed until some future date. All high-level government officials, including all judges and tax officials, will immediately disappear to a wide variety of remote safe unknown locations.

Retail Businesses: Since they will be unable to process even simple transactions, all retail establishments, both large and small, will immediately lock their doors to prevent anyone else from entering. If possible, they will complete any transactions for customers already inside their building if those customers have enough cash to pay for their purchases. Any customers wishing to pay by check or credit card or debit card will be told that the verification system is down and their transaction can’t be completed. All customers will then be immediately escorted to the doors and the doors will be briefly opened and then immediately locked after they exit. In addition, in a manner similar to what happened during the World Trade Center meltdown, each store’s management may demand that their employees remain at their stations until further notice or they will lose their jobs for leaving without management’s permission. But most of the more intelligent employees will leave at the same time as the store’s last few remaining customers. The store’s special security guards may or may not remain behind in order to protect the store with their lives. Since most of these special security guards are not paid exceptionally well, a large number of them may decide that they should return home and protect their own families instead.

Criminals: Anyone and everyone who has any criminal tendencies and who has been patiently waiting for this to happen will immediately see it as a once-in-a-lifetime opportunity to improve their financial situation. More than likely the vast majority of these criminals have already made very detailed plans that includes exactly which businesses they are going to rob first, second, third, and so on. Any business with a reasonable level of cash-on-hand will be very high on every criminal’s list. Every jewelry store and pawn shop that has any type of silver or gold jewelry, or precious stones (diamonds, rubies, emeralds, etc.), will be very high on everyone’s list. The warfare that breaks out at these establishments between competing criminals will not be pleasant.

Normal People: Normal average people will begin looting. Grocery stores will be broken into and they will be completely emptied from wall-to-wall, including the rear storage area, in less than one-hour. Stores that have firearms, ammunition, appliances, clothing, shoes, or anything else needed by the average citizen will be emptied in less than one-hour. In skirmishes over the few remaining resources, normal average people will begin killing one another inside the stores, and in the parking lots outside the stores, and on the streets as these fully loaded vehicles try to escape with their loot.

The above events will all happen simultaneously during the first one-hour of the meltdown. After that first hour has passed, things will really begin to get nasty. Everyone will quickly realize there are not are not enough law enforcement personnel to protect everyone and everything. Although the military will probably be ordered to protect specific high priority establishments and resources, there will simply not be enough military personnel to protect individual civilians or businesses.

——————————————————————————–

Events After the One-Hour Meltdown
Almost everyone who has lost their jobs, their vehicles, their homes, and their life savings will now have nothing more to lose by seeking some form of retribution against the society that took everything away from them that they once “partially” owned.

Anyone who has received a minor speeding ticket in the recent past and who honestly could not afford the fine will be in a very unpleasant mood. Everyone who has had their property taxes increased at the same time their income decreased will not be in a good mood. Everyone who has had their credit card interest rate increased at the same time their employer was reducing the number of hours they worked each week will not be in a good mood. Everyone who has been reduced from a two-family income down to a one-family income will not be in a good mood. Everyone who lost their job because their employer went bankrupt will not be in a good mood.

The vast majority of these individuals will have been just barely surviving in a situation where they were living hand-to-mouth on government welfare or the charity of the local community (unemployment checks, welfare checks, food stamps, food pantries, etc.). The instant they realize there will be no more government welfare or charity, then these individuals will have no hope for survival unless they are able to immediately acquire the food and other resources they need before it is all gone. Anyone who tries to stand in their way, or who tries to reason with them, will have a life expectancy of less than three-seconds.

After the stores are all emptied, and there is nothing else to be stolen, the tempers of the individuals who were not successful in obtaining what they needed will turn violent. When that happens they will form into huge mobs without being asked to. And they will begin seeking vengeance on anyone or any establishment they have a grudge against. Banks, and government buildings, and courthouses will be burned to the ground. Anyone still inside those buildings will probably be shot or hanged. Then these mobs will start looking for the high-ranking officials that they believe are the source of their misery. But the vast majority of these high-ranking officials will have already disappeared to safe places unknown to anyone but themselves.

If you have not previously thought about the above, or if you are not intellectually prepared to deal with it, then the chances are not very good for your long-term survival.

If you have been waiting to buy a really critical item for your family’s long-term self-sufficiency because you thought you could buy it at the very beginning of a slow gradual breakdown of society, then it will no longer be available. Your family will have to try to survive without that item, if that is possible. Since the vast majority of us have very limited financial resources it would be helpful if you could prioritize your purchases right now before it is too late. The following article on my web site describes how this could be done:

Realistic Self-Sufficiency: The Do’s and the Don’ts.

If the meltdown begins while you are away from home then your highest priority should be to collect the other members of your family and return home. Do not be tempted to participate in the looting. Regardless of what you think you might need, it would be foolish to risk your life and the lives of your family members at any store or business that is being looted. You should consider yourself “blessed” if you are successful at making it safely home with all your loved ones.

In my opinion, after the meltdown begins it will take about 24-hours for the vast majority of the criminals and the looters to self-destruct to at least one-half of their original number. In fact, human greed will probably reduce their numbers by a lot more than 50%. The reason this will happen is because every criminal will want whatever the other criminal has in his or her possession and he or she will probably be willing to kill to get it. The criminals and looters that survive will be the more ruthless and savage members of our society and they will gradually form into small gangs for protection and for their own mutual survival. When that happens things will just continue to get worse.

If you live close to the outside edge of a heavily populated area, and you can quickly and easily get onto a good road or interstate leading away from the danger area, and if you have a safe destination already planned, and if travel to that destination does not take you through another heavily populated area, then it may be possible for you to escape to your “retreat” if you act immediately and you do not hesitate.

However, if you live inside a heavily populated area, or if you are a good distance from a safe exit road or interstate, or if you do not have a safe destination to travel to, then loading your family into your vehicle and trying to drive anywhere at this time would probably not be a very good idea. In this situation, when the meltdown begins your best chance for survival will probably be to wait out the worst part of the meltdown inside your home. You should also be prepared to defend your home and your family during this difficult transition period.

I fully realize that the above suggestion goes against almost everyone’s recommended strategy of “getting out of Dodge” (G.O.O.D) at the last minute. You are an adult and you will need to make your own decision in this matter. But before you decide, perhaps you should thoughtfully consider your chances for long-term survival in each of the following two scenarios:

Your family is trapped inside your vehicle in a traffic jam that is grid-locked and, although you don’t know it yet, the cars in front of you and behind you are not going to move one-inch for the next several years. You and your family members quickly become physically and emotionally fatigued by the long wait inside your vehicle. Everyone needs to use the bathroom. Nobody can get any real rest. And as you watch one horror story after another unfold outside the windows of your vehicle you become terrified that you will not live to see another day. You are trapped inside your vehicle many, many miles from your home and travel in any direction by foot or by bicycle at this time would be suicidal.

Your family is temporarily trapped inside your home with whatever resources you have in your home. You can still use the bathroom in the privacy of your own home. You can still eat and drink in safety. Each member of your family can sleep in his or her own bed while one or more members of your family remains awake and on guard duty. On some future date, after your family has eaten a good meal and everyone is completely rested and mentally and physically alert, then perhaps on a dark rainy night your family will be able to escape by riding bicycles or by walking out of the danger zone to some safe remote place where you already have supplies pre-positioned and waiting for you.

In my opinion, neither of the above two scenarios is a pleasant one to think about. But if I had to choose between them I would select the second option.

——————————————————————————–

Three Questions
Please allow me to ask you the following three questions:

How many people do you personally know who do not need to eat?

Where does most of the meat, bread, fruit, and vegetables that are consumed by the people inside a city actually come from?

If food deliveries into the city were stopped, how long would the city continue to be a safe place to live?

If you are satisfied with your answers to the above three questions and you still want to live in a big city then you should continue to do so. However, if you are not satisfied with your answers to the above three questions, then perhaps right now would be a good time to think about some other options for your family’s survival.

——————————————————————————–

Some Good News
Before you completely loose heart, please allow me to share some really good news with you. The meltdown hasn’t started yet. You still have time to significantly improve your family’s chances of surviving the upcoming meltdown.

Have you lost your job? That is good news. You can now relocate to a more lightly populated area.

Has the bank foreclosed on your home? That is good news. You can now relocate to a more lightly populated area.

Are you now living inside your vehicle? That is good news. If you can come up with some gas money then your can now relocate to a more lightly populated area.

You don’t need to move to the unexplored wilderness in Alaska. You don’t need to move into the heart of the Arizona desert. You just need to relocate to an area that is more lightly populated than a big city. The area you select should meet the following minimum criteria:

It is not on a major freeway or interstate.

It is at least several hundred feet above sea level.

It is surrounded by farm land, dairy cows, and other typical farm livestock such as horses, pigs, sheep, goats, and chickens.

It has a history of good average rainfall (not too much rain or too little rain).

It has a reasonable supply of trees and forest timber land.

It has a few nearby manufacturing facilities of any size.

Its residents still have the right to own firearms to protect themselves.

It has short mild winters.

You are smart. You could probably find a place like the above that is somewhere between 60 to 600 miles of where you currently live. When you get there, start looking for a new job.

At the current time good jobs are exceptionally difficult to find. Therefore, if you still have a really good job, then you would probably be better advised to keep your current job. But you could still move your loved ones to a small safe farming community that is at least 30 miles away from any heavily populated area, and which meets the first seven of the above eight minimum criteria. This would mean that you would have to commute one or two-hours each day to get to your current job. But your family would be safe when the meltdown begins. And if the meltdown occurs when you are at home with your family, then you would be there to help protect them. If the meltdown occurs while you are at work, and if you leave work immediately and don’t stop anywhere, then there would be a reasonable chance that you might get back home before 24-hours has passed. This would require that you always have at least one-half tank of gas inside your vehicle’s gas tank each day when you arrive at work. Finally, your survival would be greatly increased if you also had a little food and water, a few basic survival items, and a bicycle inside your vehicle that you could ride if you got caught in a grid-lock traffic jam. Most people will not abandon their vehicle immediately because they have an emotional attachment to their vehicle and to just abandon it would not “feel” like the most logical thing to do. The reason is because these people have survived traffic jams in the past by just waiting for them to eventually unravel. But this time it will be different. The traffic jam will never unravel. (Note: If it becomes necessary, park your vehicle on the side of the road and lock it, if that is possible.)

——————————————————————————–

Conclusion
The vast majority of you will probably not share my opinion on this topic because it is just too “scary” and therefore it just can’t happen. However, if you have taken the time to read this entire article then at least you now know about my “one-hour meltdown theory” and you can include it as one of your highly unlikely future scenarios. And if it should actually happen then at least you will not be too surprised by the events as they quickly begin to transpire.

On the other hand, if you think my “one-hour meltdown theory” is not all that ridiculous, then there are three things you could be doing right now to better prepare for the serious hard times ahead:

If you have not already done so, then move to a lightly populated area.

Pray often.

Pray sincerely.

——————————————————————————–

——————————————————————————–

Postscript
In order to minimize the number of future emails about the above article, on July 29, 2009 I decided to add this postscript to my original article.

As I mentioned in the above introduction, nobody can predict the future, and that includes myself.

And as I mentioned in the above conclusion, the vast majority of you will probably not share my opinion on this topic.

Instead of a “bank holiday” almost any reasonably intelligent individual could easily select a different trigger event, or combination of trigger events, that lead to the inevitable meltdown.

And, instead of a “one-hour meltdown,” almost anyone could modify one or more of the original assumptions and change the time frame to 24-hours, or three-days, or two-weeks, or nine-months, or seven-years.

However, since writing the above article seven-days ago, so far I have not received any emails from anyone who believes the meltdown will never happen. The only points of disagreement are on the trigger event and the speed at which the meltdown will unfold.

Individuals who do not believe a “one-hour meltdown” is possible generally believe that our government and financial leaders have some reasonable degree of control over the social and economic factors that are rapidly deteriorating worldwide.

And those individuals who believe the meltdown will be triggered by a different event, such as a terrorist attack (similar to the World Trade Center disaster) or a nuclear explosion in some large city, generally believe that someone or some nation must intentionally do something disastrous to initiate the meltdown.

Since I can’t predict the future I have no valid way to respond to these differences of opinion. As far as I am concerned, everyone has a right to his or her own opinion, and that includes myself.

As I stated in my article, I simply believe that our leaders do not have things under control and that a worldwide bank run could happen unexpectedly at any time, and our leaders have no way to prevent it or to contain it once it begins. It could happen on any day of the week and at any time during the day. But once it starts our leaders will immediately declare a “bank holiday” to prevent catastrophic damage to the financial system and to the reputations of our financial leaders.

May I please use the following analogy. The current worldwide financial situation is like a passenger bus being driven by a bus driver whose future employment depends on keeping to the bus schedule and maintaining the bus passengers confidence in the bus company. The bus is currently being driven down a straight stretch of highway on a really cold rainy day. But the bus is gradually picking up speed, and the temperature is quickly dropping. The bus passengers can see that ice is starting to form in different spots, and that there are some really dangerous curves just ahead. The driver calmly reassures all the passengers that he or she currently has the bus completely under control and therefore nobody should worry because the future will not be any different from the past or the present. However, the smart people on the bus politely ask the driver to stop the bus and when the bus temporarily stops, they get off the bus and they tell the driver they will walk the rest of the way. The remainder of the passengers have no desire to walk in the freezing rain and therefore the calm words of the driver helps to reassure them and they stay inside the bus as it starts back down the icy highway. The bus quickly picks up speed and then it enters the first dead-man’s curve on the edge of a 1,000-foot cliff. The entire curve is completely covered with two-inches of ice. In a matter of seconds the people still on the bus will be no more. The people who got off the bus will still be alive but their continued survival will depend on how prepared they are and whether or not they actually know how to survive in their current extremely difficult circumstances. If they are already wearing a waterproof winter coat and waterproof footwear and they have some matches and some food and water then there is a good chance they will live to see another day.

May I now please interpret my own analogy. The bus is our current worldwide economy. The bus driver represents our current government and financial leaders. The ice represents the fiat money that is currently being increased at an ever accelerating rate. The dead-man’s curve is a “bank holiday.” The people still on the bus are the ones who believe that our leaders have a lot more control over our worldwide economy than they really do, and they are leaving most of their money inside the financial system, and they are continuing to live inside a big city. The people who got off the bus are the ones who live in a more lightly populated area and they are using whatever money they currently have to purchase the things they know they will desperately need in the future.

The above article is completely theoretical. The only reason I wrote the article is to provide you with a possible future scenario that you may not have considered too seriously in the past. However, it is my personal conviction that there is an extremely high probability that our future will be forever changed by a simple unexpected “bank holiday” that results in a “one-hour meltdown” of civilization as we currently know it. And, as I mentioned in the conclusion to my original article, I already know that most of you will not share this opinion with me. And that is perfectly okay with me and I am not in the least bit offended.

Respectfully,
Grandpappy.

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Revision History:

Revised July 29, 2009 – Added a Postscript at the end of the article.

July 22, 2009 – Created this new web page.

Click on www.grandpappy.info/indexhar.htm  for more Hard Times Survival Tips.

Click on http://www.grandpappy.info for Robert’s Home Page.

Send e-mail to RobertWayneAtkins@grandpappy.info


The Other Shoe?


                                         “The Other Shoe?”

This is just a reminder from my archives. Originally published in June of 2009, this post shows how central banks work the Bait-And-Switch and the Shell Game. We will see this repeated in Greece, Ireland, Portugal, Spain and any other country that bought into the Ponzi scheme. We see interest charged on ledger entries. In reality, the legal definition of money never entered into the transaction and the rhetoric that went with it. Interest is charged on fiction and nations pay with reality. This is how central banks conquer countries with the stroke of a pen.

Just when we thought there was quiet on the bailout front, we get news. Some of the biggest banks are ready to repay billions, but only if the administration will let them. Debt moves from one ledger to another, they call it paid, and the experts are still nervous. We should not buy cars from these people. The repeat offenders have gone way past three strikes, robbing Peter to pay Paul. Apparently, every silver cloud has a manure lining. The short little article in the June 8th Denver Post, written by Binyamin Applebaum and David Cho of the Washington Post covered the bases, pretty well. At least the article acknowledged that this wasn’t actually repayment, but refinancing, through other government programs. This is the same kind of fancy bookkeeping that kept Bernie Madoff out of trouble, for so long. Oh, excuse me. We have experts, now. Are they more expert than they were, in September? They can’t be very bright if they don’t see the same debt load, sucking the life out of the alleged recovery, that I see.

Since September, official statements have implied a perpetual state of revolving debt. The trigger on the next phase of the collapse could be the same funds listed as assets on different institutions books, as assets. In the fractional banking system, that has been possible and by all accounts at various times in history, accepted practice. If currency that doesn’t actually exist can be loaned, how do you prove who really doesn’t have it? there is no pea under any of the walnut shells. Better put some extra currency in the mattress. The pea might be under there.

Some of the quotes from the article are better than reading the comics. The title says, “Doubt lingers ……. “. Oh. That’s what that smell is. The part that stinks is that government borrowed debt and all the taxpayers get is the obligation to pay the interest. In the case of Chrysler, the get stuck with all of it. If the banks get out of the bailout plan, they are then free to pay their executives big bonuses, again. This looks like the second round of the same scam. The only change is that the taxpayers are deeper in debt than ever before. The only change in process is that the economy is now a board game without rules.

The article addresses the concern that all of this bailout activity has created an “artificial environment”. Does this suggest that there was anything real in the last 2 or 3 decades? Alice encounters the White Rabbit on the Planet of the Apes. Yes, that could happen, . . . . . on TV. It’s more likely that small businesses will collapse in droves as the bottom drops out of consumer spending. Microsoft threatened to move jobs out of the U. S. if they don’t get tax breaks on their foreign profits. Could this be the start of something big? Will we hear a “stay the course” speech in the Fall? At present, the “course” may be messy slog through the international swamp. I did say that foreign demands would overwhelm domestic regulation. As reported in the June 9th Denver Post, Canada and the EU are upset about “America first” stipulations on the use of stimulus funds. We’ll see where that comes out. U. S. taxpayers money, U. S. taxpayers jobs. Plainly, this is not the foreigner’s house. It’s not a good time to be sacrificing U. S. jobs. “Unemployed Congresspeople” has a nice ring to it. Since U. S. taxpayers are on the hook for all that stimulus funny money, giving it away to Canada and Europe would bring on economic storm clouds, at a very inopportune time. In fact, the taxpayers are paying for the jobs of the Federal corporation and every stick of furniture in the place. In fact, fire the whole bunch and let the State legislatures run the place. The farther this crisis goes, the more obvious it becomes that the Federal corporation is pricing itself out of the marketplace.

This is one of those moments when the Globalist agenda is out in the open, for all to see. That indicates enough trouble on the horizon, even if there were no mismanagement and embezzlement. For those gluttons for punishment that still believe in staying on to pay their fair share of the Federal debt, at least speak in terms that can be understood. As long as people insist on underwriting bad debt, they have a proprietary claim on both their jobs and the Federal payroll. If domestic jobs fall by the wayside, it should be Federal jobs that go, first. Accountability without punishment is lawlessness.


HARVESTING WHAT?


                    “HARVESTING WHAT?”

Knowing the history of the bureaucratic hardship imposed by the state of emergency in Agriculture didn’t help ease the reading of the article on the front page of the June 3rd, 2009 Denver Post. That state of emergency was declared in 1934 and is in effect, today. The article, titled “More farmers losing hope”, by Miles Moffeit told the story of financial hardship, stress from uncertain markets and of all things, a suicide prevention hotline for farmers. A study of agricultural history in the U. S. specifically, and the world in general, details the Corporatist seizure of the ability to produce food. When power and control override independence, we see this stress become the norm. At one time, farms were profitable and didn’t need the banks for anything. With the consolidation of the past 75 years, farmers are now the odd group on the outside, looking in. This is why farmers are under so much stress. Just as on every other inhabited continent, the corporate war is against them. The first action of tyrannical governments is to seize control of food production and use it as a weapon. As agriculture goes, so goes the nation. Forget General Motors.

The National Organization for Raw Materials (N. O. R. M.) http://www.normeconomics.org  compiles a yearly table of production data, by area of production. It is a very good history of economic activity. The numbers are certainly very down in these days. With farmers being squeezed out and forced of the land, the work that should be the strength of the nation is under severe attack. While the urban public fails to defend their rural neighbors from corporate commercial attack, they should stop and think about where their food comes from. We must get past ignoring issues until they become a crisis. People will certainly take notice when food either is in short supply or costs twice what it did, a year ago.

Obviously, local independence is in our best interest. When the bottom lines of the banks became more important than the natural order of production and local distribution, the war was on for control of markets and land. This is why we must support farmers markets and local barter systems for goods and services. When we began accepting the paper Ponzi scheme, we became enslaved and exploited. We must understand that the fate of our neighbors is inseparable from our own. Looking for toll – free numbers to call or grant applications to fill out is a dead end in the same debt swamp that caused the original problem.

After decades of sowing debt and reaping poverty, the lesson should be clear. All of the experts with defective educations have led us to the edge of economic conquest by foreign interests. Consumers and farmers must defend each other from the attacks of the Globalist invaders. For too long, the combination of business and politics has invited invasion. Only by direct, local interaction can the outside oppression be excluded. Before Corporatist foreign agendas put farmers out of business and take food off the tables of America’s families, repudiation of the bureaucratic corporate structure must come.

We make choices, every day. At some point, our daily lives must surely must give rise to the need for better results. When do we question the logic of relying on institutions that don’t produce the required results? Delegating personal judgment to representation vulnerable to questionable influence is a recipe for disaster. The upside down and inside out Corporatist structure of this society and world creates more problems than it solves. Not only are decisions made according to private agendas of corporate global interests, but we are saddled with the burden of regulation toxic to local independence. Our neighbors are far more likely to have interests in common with us, than some convened body of public policy makers. That is the bedrock defense of a community against invasion by any organization. Certainly, those who believe the debt economy is a valid business model would not miss us, if we were gone. Being at the mercy of such treacherous mentalities is not an option, if we are to maintain civility and tranquility in our local relationships. We would do better to let the Globalist interests drift out to sea, without our support.


Panic Attack


Panic Attack

Waiting for the Federal budget debates is a lot like waiting in the doctor’s office. You have an idea about things you already know about, and will accept a definite maybe as good news. Old magazines that didn’t interest you when they were new, aren’t much of a distraction. So, here we sit. We’ve seen state budgets try on shoes that were too big for them. We’ve seen municipal departments worry about financial nail trimming, while hoping against budgetary castration. What will we be looking at in the coming months?

Right now, the word “Deficit” is a dirty word. It should be. The Federal Budget has been an interest-only loan for at least 35 years. We only thought the housing bubble was huge. The mortgage on the Federal Plantation is the riskiest loan in the history of mankind. The most stressful time for the U. S. economy is while the next fiscal year is undecided. This year will include a visit to the financial proctologist. You’ve probably wondered why the sun doesn’t shine, there. I suspect that we’re about to find out why we would really rather not know the answer to that question. We have been so focused on the things that are rammed down our throats in Congress, that we haven’t paid any attention to the other things done to us. The things done by banks and corporation are done without ant prior public debate.
Since this is September, a refresher course is in order. When we were last at the scene of the public dole feeding frenzy, there was a closed-door meeting among the Federal Reserve, the U. S. Treasury and Congressional leadership. No details came out of that meeting, but it is obvious that the currency collapse card got played. Since then, the pile of chips on the table has grown larger than the table. We’ll see who bluffs, who blinks and who calls, over the next few months.

Lest we forget, trade relations with China were a bit strained, last year. All China had to do was voice reluctance to buy any more U. S. Treasury debt. Financial stocks went into a death spiral. This year, the global economy is all dressed up in debt, with nowhere to go, but down. Everyone waits. The only known fact is that the Federal Reserve is hosting the party. Everyone has the expectation of drinking themselves under the table with debt. You know what happens when you keep bad company. You get a bad reputation. They go to Hell in a handbasket, and drag you with them, protesting your innocence.It would be way too late to protest.We didn’t want God’s provision and His ways, in His house. United States citizens choose to throw their lot in with the pimps and con artists in the Federal corporation, instead. If you don’t want to fit that description, now would be a good time to get out of the Federal Reserve Ponzi scheme.

What do we do now? We wait and watch. We’ve seen the battle plans of the Corporate Wars, before. The global players are positioning themselves in the hope of gaining advantage and influenced. Populations are monetized and ready for the first ante. Your street could end up owned by one bank, your house by another, and your children by yet another. Your job isn’t secure enough to be mentioned as an asset. We’ve seen all of this, before. We know that the media never calls anything what it really is. It should help to know that the words “budget” and “deficit” now have the the same functional meaning. This is what happens, when people don’t know the difference between debt and money. People have no clue as to how the debt game is played. I hear it, every day. People believe that they can win the debt gamThey don’t understand that they lost, before they were born. The mechanism to monetize them and extract the wealth from them has been in place for many generations. The old adage is, “Live and Learn”. May we all live long enough to learn.

So, what does all of this mean? It means that we will see a budget crisis. Entitlement programs will tighten belts, sacrificed to ram through the healthcare agenda. Again I repeat the unnatural order of Corporatism: Government of the Corporations, by the Attorneys, for the Banks. Now, you should know what is going to happen, next. It’s what the banks want. 


The Never – Never Land Of Socialism


   Now would be a good time to list the “Nevers” of Socialism.

1. Never has Socialism operated on it’s own dime. Socialism has always been a leech on the body of productive industrial nations.

2. Never has Socialism delivered the universal prosperity that it promises.

3. Socialism has always resorted to war and genocide. Those who refuse to surrender their wealth willingly, are exterminated. We see this in the United States in the 1860s, in the Soviet Union and China in the 20th century, and in the present day mercenary wars supporting the United Nations.

4. The semantics of Socialism and Capitalism expose the factions within Corporatism. Adherents of both philosophies are all thieves, using the force of government to rob their neighbors.

5. Socialism and Capitalism lose distinct definition in a fiat currency banking system. They both pursue the common objective of conquest in their struggle to dominate the corporate structure.  


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