Category: American Economy

An Irate Donald Trump Warns Economic Collapse Is Coming

Copyright 2011-3011 Chase Kyla Hunter, Reposted Courtesy of The Economic Collapse Blog

A few weeks ago I listened to Sean Hannity interview “the Donald,” aka Donald Trump on his radio show, and Mr. Trump was queried several times during the interview as to whether he was considering a presidential run in 2012. Trump replied that it certainly was not out of the question. His commentary on our present position in the world, and the grotesque mismanagement of our foreign policy was “spot on”. Based on what we have had to endure for “presidential leadership” over the past several decades, I personally believe we could do alot worse than Trump. He has the business brilliance, if any man does, to turn the country around and get it headed in the right direction again. He would be a formidable foe in foreign policy, he most likely has an aptitude for military strategy that would surpass Clinton or Bush, as every business person can tell you that business, at the very top level, is a type of war, and cunning strategic thinking is a prerequisite for success. Trump would bring his personal fortune to bear upon his campaign war chest, and if elected he would bring some much needed respect back to the nation. I am intrigued that he recently made an appearance on the Oprah Winfrey Show with all five of his adult children. This is a shot over the bow, folks. Donald Trump is serious about running for office.

See http://theeconomiccollapseblog.com/archives/even-donald-trump-is-warning-that-an-economic-collapse-is-coming

See: http://theeconomiccollapseblog.com/archives/paper-money-madness-inflation-fueled-economic-growth-does-not-indicate-that-an-economy-is-getting-stronger

Even Donald Trump Is Warning That An Economic Collapse Is Coming

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt“, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching….Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening.

#1 “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”

Donald Trump is exactly right – we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system. As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful. Just look at how rapidly M1 has been skyrocketing over the last couple of years. Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?….Already all of this money printing has had a very serious affect on world financial markets. The price of agricultural commodities is skyrocketing and the price of oil has almost reached $100 a barrel once again. The last time that the price of oil soared above $100 a barrel was in the early part of 2008, and we all remember the horrific financial collapse that followed in the fall of 2008.#2 “….you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also.”

The price of corn has risen 88 percent over the past year and the price of wheat has soared a whopping 114 percent over the past year. Let’s hope that we don’t have to pay $25 for a loaf of bread in the United States any time soon, but in some areas of the world that is what it now feels like.

Approximately 3 billion people in the world today live on the equivalent of $2 a day or less, and most of that money ends up getting spent on food. When food prices go up 10 or 20 percent in deeply impoverished areas of the globe, suddenly the lives of millions are threatened. The riots that we have seen in Egypt, Algeria, Tunisia and other nations recently were not entirely caused by rising food prices, but they were certainly a big factor.

#3 “I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president.”

Investors run to gold and other precious metals when they don’t feel secure. We saw that happen a lot in 2010. As confidence in the paper currencies and the financial systems of the world has rapidly diminished, precious metals have become increasingly attractive.

In fact, the price of gold has doubled since the beginning of the economic downturn in 2007. As the global financial situation continues to become more unstable, the demand for precious metals is likely only going to become more intense.

#4 “The banks have really let us down. Number one, they did some bad things and caused some bad problems. Number two, if you have something that you want to buy, like a house, they’re generally not there for you.”

Banks were given massive bailouts with the understanding that they would open up the vaults and start lending money to average Americans again.

Well, that has not happened.

In particular, it has become much, much harder to get a mortgage in the United States today. Not that the big banks didn’t need to make changes to their lending practices, but things have gotten so tight now that it is choking the real estate market to death.

#5 “I see $3.50 for a gallon of gas for cars, and cars are lined up trying to get it and it’s $3.50. It’s a shame, a ridiculous shame.”

Our lack of a cohesive energy policy is a national disgrace. There is no way in the world that a gallon of gas should be $3.50 a gallon.

The U.S. has massive reserves of oil and natural gas that it should be using. In addition, the lack of progress on developing alternative energy sources in light of our sickening dependence on foreign oil is very puzzling. We should be very far along towards solving our energy problems by this point.

Meanwhile, we keep pouring billions into the pockets of foreign oil barons every single month. Unfortunately, Trump was exactly correct in the interview – if something is not done the price of gas is going to keep going higher.

#6 “I think the biggest threat is that our jobs are being stolen by other countries. We’re not going to have any jobs here pretty soon.”

Donal Trump is one of the few prominent leaders that is openly speaking the truth about the predatory economic practices of some of our “trading partners”. Most of our politicians have just kept endlessly promising us that free trade is “good for us” even as tens of thousands of factories and millions upon millions of jobs have been shipped overseas.

Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

Yes, computers and robots have replaced a lot of manual labor today, but technology does not account for most of the decline we have seen in manufacturing.

n 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent. Meanwhile, manufacturing in the “developing world” has absolutely exploded.

#7 “We’re like a whipping post for other countries. We are standing there and just being beaten by South Korea, by Mexico, by China, by India.”

Most Americans have absolutely no idea how lopsided many of our “trade agreements” actually are. Other nations openly manipulate their currencies in order to keep their exports dirt cheap and we allow it. Other nations openly subsidize their domestic industries that are directly competing with businesses in the United States and we don’t complain. Other nations make it incredibly difficult for American companies to do business in their countries while we allow foreign corporations to come on in and do pretty much whatever they want here.

Then there are certain nations (such as China) that brazenly rip off trade secrets from foreign corporations time after time after time and never get penalized for it.

Meanwhile, our economy continues to bleed jobs at a staggering pace. The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

Fortunately, more Americans than ever seem to be waking up and are realizing that globalism is causing many of these problems. A NBC News/Wall Street Journal poll conducted last year discovered that 69 percent of Americans now believe that free trade agreements have cost America jobs.

#8 “All of our jobs are going to China. We’re rebuilding China and other places.”

China is doing great. China is now the number one producer in the world of wind and solar power. They now possess the fastest supercomputer on the entire globe. China also now has the world’s fastest train and the world’s biggest high-speed rail network.

Most Americans don’t realize that China is literally kicking the crap out of us.

Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

Every single month we buy about 4 times as much stuff from them as they buy from us. Our trade deficit with China has ballooned to enormous proportions. In fact, the U.S. trade deficit with China during this past August was more than 4,600 times larger than the U.S. trade deficit with China was for the entire year of 1985.

So when Donald Trump says that we are rebuilding China he is not joking around.

Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

Yes, that is how serious things have become.

#9 “We are a laughingstock throughout the world.”

Donald Trump has said on several occasions that his friends and business partners in China just laugh and laugh at us. They can’t even believe what they are getting away with.

We have become an incompetent giant that is the butt of all the jokes.

According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.

Our formerly great industrial cities are slowly becoming ghost towns. The number of long-term unemployed Americans is at an all-time high. Tens of millions of Americans can’t even survive without government assistance anymore. The number of Americans on food stamps set a new all-time record every single month during 2010, and now well over 43 million Americans are enrolled in the program.

We really have become a joke.

#10 “The federal government has no money.”

Unfortunately, our federal government has continued to borrow and spend like there is no tomorrow.

According to the Congressional Budget Office, the U.S. government will have the biggest budget deficit ever recorded (approximately 1.5 trillion dollars) this year.

So much for fiscal discipline, eh?

It is being projected that the U.S. national debt will increase by $150,000 per U.S. household between 2009 and 2021.

Do you have an extra $150,000 to contribute for your share?

By 2015 our national debt will be somewhere in the neighborhood of 20 trillion dollars.

It is the biggest mountain of debt in the history of the world by far, and it is the gift that we are going to pass down to future generations of Americans.

If there are any future generations of Americans.

#11 “I hate what is happening to this country.”

We should all hate what is happening to this country. Our economic guts are being ripped out, we are being abused by the rest of the world, America’s infrastructure is being sold off piece by piece, our federal government is drowning in debt, our state governments are drowning in debt and our local governments are drowning in debt.

The only way we can even keep going is to run around to the rest of the world and beg them to keep lending us more money.

The mainstream media keeps proclaiming that we are the greatest economy on earth, but the truth is that we are being transformed into a pathetic loser and our politicians are just standing there with their hands in their pockets letting it happen.

All red-blooded Americans should be horrified by what is happening to this nation. We have been betrayed by corrupt and incompetent leaders. As a nation, we have become fat, lazy and stupid.

Hopefully what Donald Trump and others are saying about a coming economic collapse will serve as a huge wake up call and the sleeping giant will arise once again.

If the sleeping giant does not arise, we are in a massive amount of trouble, because right now the road we are on is leading to the biggest economic collapse the world has ever seen.
Share and Enjoy:

February 3rd, 2011 | Tags: Bankruptcy, Debt, Debts, Economic, Foreclosures, Loans, Mortgage, Mortgages | Category: The Next Great Depression

Advertisements

Glenn Beck Video Segment on Civil Unrest 2010, 2011

Copyright 2010 – 3010  By Chase Kyla Hunter – Re-posts permitted leaving all content, authorship and links intact.

Glenn Beck’s prophetic words from 2009 are reiterated by him in this short clip where he chides those in his audience who did not believe him last year. What Glenn does not tell you is that hundreds of other truth researchers were warning America about what was and is coming for years before he rose to prominence and got his own segment on FOX news. I note credit to my own research and blogging and to that of hundreds of others in the US and thousands of others around the world who were on it YEARS before Glenn Beck woke up. I have been researching, writing and trying to warn those who would listen since 1991. Hmm. I wonder where Glenn Beck was in 1991?

Chase Kyla Hunter

Tags: Glenn Beck, civil unrest, food riots, george soros, UK riots, truth movement, 2010 economic collapse, rising food prices, FCC, NWO, controlled US media

“V Is For Vendetta” – Ex-Con Holds School Board at Gunpoint: Raw Video

12.15.2010 Youtube video re-post by CK Hunter

WARNING: The raw video is both  graphic and chilling.

BREAKING: This story is still breaking and there are conflicting reports as to whether gunman Clay Duke took his own life after shooting school board members, or whether school safety officer Mike Jones actually shot him. I am leaning toward the latter. Video footage which is preceded by advertisements I will not ever post to my blog, so what I am posting is the raw footage below, which has been somewhat edited for dignity’s sake.

Noteworthy as I watched this video:  the symbol that ex-convict gunman Clay Duke scrawled on the wall with red spray paint, a large “V” in a circle. It ‘s practically identical to the “V” symbol from the motion picture “V Is For Vendetta” from 2006. I would have to conclude that Clay Duke most likely watched this movie and had possibly taken somevery evil, very bady ideas about acting out “righteous vigilante vendetta crimes” from the film. The logo above is from the film. Now check out what Clay wrote on the wall before he started shooting – the exact same image.

The film “V Is For Vendetta” takes place in the future in the UK when an Orwellian fascist superstate is ruling Great Britain with a bloody iron fist. Natalie Portman plays the young heroine in the movie. More about the film under related.

Chase Kyla Hunter

Related:

Wife of School Board Gunman Had Been Fired

Bay District Chief of Safety Officer Mike Jones Killed Gunman, Saved Lives

School board gunman had Dec. 14 marked on calendar

The Associated Press – ‎42 minutes ago‎
PANAMA CITY, Fla. (AP) — The ex-convict who calmly held a school board at gunpoint and then began randomly firing had circled the date on a calendar found in his mobile home, evidence he had been planning the attack for some time, police said.

Live update…Husfelt: “Mike Jones saved our lives”

The News Herald – ‎4 hours ago‎
Mike Jones’ two shots that hit gunman Clay Duke saved the lives of Schools Superintendent Bill Husfelt and other board members, Husfelt said moments ago at a live press conference. “If you’ll watch the video, when Mike Jones (the district’s chief of

Wednesday Breaking: Board gunman had extra clip, box of bullets

The News Herald – ‎4 hours ago‎
There were 14 bullets let loose during a wild exchange of gunfire but only three found their mark, police said this morning: two fired by Mike Jones into gunman Clay Duke and the 14th shot, fired by the Duke into his own head, ending his life.

“V Is For Vendetta” motion picture

Tags: Panama City Florida school board shooting, clay duke, mike jones

Federal Reserve Makes 9 Trillion in Emergency Loans Overnight

BREAKING STORY: Re-post courtesy of CNN 12.1.2010

Updated:

Congress Forces FED to Name Recipients of 3.3 Trillion in Crisis Aid

[ Does it surprise anyone that the disclosed list of banks who received this staggering sum are the same old Illuminati owned banking dynasties that are behind every criminal skim of “loans” since they illegally created their fake “federal reserve” in 1914? This criminal banking cabal needs to come to an end. – CK Hunter ]

chart_fed_loans.top.jpg

Top recipients of overnight loans made by the Federal Reserve under special program that ran from March 2008 through May 2009. By Chris Isidore, senior writerDecember 1, 2010: 5:07 PM ET

NEW YORK (CNNMoney.com) — The Federal Reserve made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis, according to newly revealed data rele

In 1935, Cret designed the Seal of the Board o...

Image via Wikipedia

ased Wednesday.

The loans were made through a special loan program set up by the Fed in the wake of the Bear Stearns collapse in March 2008 to keep the nation’s bond markets trading normally.

The amount of cash being pumped out to the financial giants was not previously disclosed. All the loans were backed by collateral and all were paid back with a very low interest rate to the Fed — an annual rate of between 0.5% to 3.5%.

Still, the total amount was a surprise, even to some who had followed the Fed’s rescue efforts closely.

“That’s a real number, even for the Fed,” said FusionIQ’s Barry Ritholtz, author of the book “Bailout Nation.” While the fact that the markets were in trouble was already well known, he said the amount of help they needed is still surprising.

“It makes it very clear this was a very serious, very unusual situation,” he said.

Sen. Bernie Sanders, the Vermont independent who had authored the provision of the financial reform law that required Wednesday’s disclosure, called the data that was released incredible and jaw-dropping.

“The $700 billion Wall Street bailout turned out to be pocket change compared to trillions and trillions of dollars in near zero interest loans and other financial arrangements that the Federal Reserve doled out to every major financial institution,” Sanders said.

He said that even if the Fed was right to make the loans to keep the economy from toppling into a depression, it should have made stronger demands that the banks help American consumers and small businesses.

“They may have repaid their loans, but that’s not good enough,” he said. “It’s clear the demands the Fed made were not enough.”

The Wall Street firm that received the most assistance was Merrill Lynch, which received $2.1 trillion, spread across 226 loans. The firm did not survive the crisis as an independent company, and was purchased by Bank of America (BAC, Fortune 500) just as Lehman Brothers was failing.

Citigroup (C, Fortune 500), which ended up with a majority of its shares owned by the Treasury Department due to a separate federal bailout, was No. 2 on the list with 279 loans totaling $2 trillion. Morgan Stanley (MS, Fortune 500) was third with $1.9 trillion coming from 212 loans.

“As we have previously disclosed, Morgan Stanley utilized some of the Federal Reserve’s emergency lending facilities during a time of immense financial turmoil throughout the banking sector and the broader market,” Morgan Stanley said in a statement Wednesday. “The Fed’s actions were timely and critical, and we commend them for providing liquidity and stabilizing the financial system during that period.”

The largest single loan was by Barclays Capital, which borrowed $47.9 billion on Sept. 18, 2008, in the days after the Lehman bankruptcy.

Some Wall Street firms disputed the way the Fed reported the numbers. An executive from one of the firms said that many of the overnight loans were rolled over for days at a time, and that each day it was counted as a new loan. “It’s being double, triple, quadruple counted in some cases,” said the executive.

Not all the major banks needed much help from the Fed. JPMorgan Chase (JPM, Fortune 500) received only three loans from this program for a total of $3 billion.

The last loan was made under the program in May 2009, and the program, known as the primary dealer credit facility, was officially discontinued in February of this year.

The Federal Reserve revealed details of that program as part of a large scale release of data on all the steps it took to stabilize the nation’s financial sector during the markets crisis of the last few years.

The central bank posted details of more than 21,000 transactions with major banks and Wall Street firms between December of 2007 and July of 2010.

In addition to the loan program for bond dealers, the data covered the Fed’s purchases of more $1 trillion in mortgages, and spending to back consumer and small business loans, as well as commercial paper used to keep large corporations running.

The rescues of the investment bank Bear Stearns in March of 2008, and insurance behemoth AIG in September of that year, were also revealed in far greater detail, as were programs to make dollars available to foreign central banks in return for their currency, in order to keep international trade flowing.

Most of the special programs set up by the Fed in response to the crisis of 2008 have since expired, although it still holds close to $2 trillion in assets it purchased during that time.

The Fed said it did not lose money on any of the transactions that have been closed, and that it does not expect to lose money on the assets it still holds.

The details of which banks participated in the Fed’s emergency programs, and how the banks benefited from the transactions, had never before been revealed.

The Fed argued that revealing the information could cause a run on the banks that needed to draw cash at the discount window. But under the financial regulatory reform act that was passed in July, the Fed will reveal future discount window transactions following a two-year lag.

The Bank of England Owns the Federal Reserve

Rothschild Family Fortune Estimated at 500 Trillion Dollars [ 2008 Video Archive ]

11.29.2010 Youtube.com video re-post by CK Hunter

When you watch the first video, listen carefully to the list and chain of command of media organizations which are owned by the Rothschild family. It’s staggering.

Tags: Rothschild fortune 500 trillion, the Rothschilds, richest family in the world, Illuminati families, controlling gold markets, who controls the gold markets