To all the new friends I’ve found this year I wish you all the very best in 2015
Well America, as I promised in my last article we will remain committed to exposing communists and socialists throughout the new year. As we have been consistently reporting, the violent protests raging across the nation are being funded, and instigated by communists. I have explained in several articles that one of the tactics these people are using is the application of the Hegelian Dialectic, (problem-reaction-solution.) They believe that by creating enough chaos and blaming it on alleged American Imperialism, we will begin to see socialism/communism as a more reasonable approach to governing. They are not even hiding anymore as the posters being held by protesters clearly identify those responsible for the violence; www.revcom.us, which claims to be the voice of the “revolutionary communist party” is the group responsible for what we see occurring in our nation. I am going to keep this short and sweet. They have a new constitution waiting in the wind folks. Its called “The Constitution For The New Socialist Republic In North America;” and as usual, For Truth’s Sake is one of the first to bring it to you. There is no more accusing people of being conspiracy theorists, or crazy right wing nut jobs folks, we are in the middle of a hostile communist takeover and for the sake of all Americans it must be stopped before it’s too late. These are the real people with blood on their hands America, if we don’t stop this it will soon be yours.
I intend to go through this new constitution and analyze it in the same manner I have analyzed the book on Psychopolitics, and Rules for Radicals.
This could work for or against the NYPD they need to make sure that the criminals don’t go wild or this could backfire on them!
Obama has two years to make the rest of his changes!
A good summary of what is going on. Obama and his minions do want to totally change the American government into something like what China has; as they see that form of government as more compatible with the 21st century world. However, neither China nor the old USSR actually had Communism as developed my Karl Marx what Marx’s ideas morphed into was more a monarchy with a power central government with total control of the people either in a loose form (China) or a strong form North Korea).
Clare Lopez of the Center for Security Policy discusses the jihadi problem within the West. Clare tells us not to use “Lone Wold” that term is not correct goggle it and you will see why. What he have is Individual Islamic Jihad (IIJ) conducted my mostly recent converts to Islam who get their directions from social media and become part of the Islamic community (Ulma) and the Islam leaders as found in the Muslim Brotherhood, al-Qaeda, and the ISIS.
Now this is really scary!
Chain Reaction of Problems Coming In 2015: “Collapse Will Be On A Scale That Is Many Magnitudes Greater Than 2008″
Mac Slavo www.SHTFplan.com December 30th, 2014
If you’re like most Americans, then you are absolutely loving the price you paid this week for a gallon of gas. Just a couple of years ago it was not uncommon to see a $75 price tag for filling up your car. Today, you might be driving off for half that amount.
On the surface, the recent drop in the price of oil has been a huge boost to America’s pocketbooks. But according to some analysts we shouldn’t be too quick to celebrate. The U.S. Oil and Gas industry has seen incredible job growth during the recession, with nearly 800,000 new jobs being attributed to domestic fracking and drilling expansion. At over $100 barrel, there was plenty of money to go around.
But with a sub-sixty dollar price point, it’s quite possible that all economic hell is about to break loose.
For many, it has already begun.
Thousands of recently highly paid workers have been laid off after the oil price plummeted 50 percent in 2014. At least four American oil-producing states are already facing budget problems due to decreasing oil revenues.
In a study published last year, the Council on Foreign Relations warned the largest job losses caused by sharp decline in oil prices are going to take place in North Dakota, Oklahoma and Wyoming, where the number of drilling rigs is decreasing.
According to Tom Runiewicz, a US industry economist at IHS Global Insight, if oil stays around $56 a barrel till the middle of the next year, companies providing services to oil and gas industry could lose 40,000 jobs by the end of 2015, while oil and gas equipment manufacturers could slash up to 6,000 jobs.
These workers can earn more than $1,700 a week, much higher than the average $848 a week payment for other workers, the WSJ reported. When experienced workers lose their highly paid jobs, they stop paying their bills.
Those are the conservative estimates and they are based on a $56 price point, which is almost exactly where we are today. But Saudi Arabia and other OPEC nations have suggested the price could drop to $40 or even as low as $20.
In such a scenario, we could easily see widespread layoffs in an industry that currently employs over 10 million Americans.
But that’s not even the worst of it.
While losing 50,000 or even a million jobs will have a major impact on consumer spending, and thus the economy, the real problem is the massive amount of leveraged bets and debt currently in the system. There are trillions of dollars of derivatives and leverage at play in financial markets, much of it centering around the oil & gas industry. Should the price of oil remain at these levels or go even lower than a lot of major financial institutions are going to be in trouble.
In a recent interview with King World News, John Ing says that not only did Congress remove financial safeguards when they passed their latest budget bill, but by doing so they left America susceptible to a disaster that will make 2008 look like a dress rehearsal.
While everybody appears to be celebrating the record highs on Wall Street,we are also seeing a loss of public trust. One key example of this loss of public trust is when you look at the $1.1 trillion spending bill in the U.S., where there was the dilution of the Dodd-Frank Act which now allows for bail-ins in the United States… This will lead to disastrous consequences…
Meanwhile, the derivatives monster has gotten even bigger. With the drop in the oil price we have yet to see the impact of the credit default swaps and what this will mean for the stability of the global financial system.
This will certainly set off a chain reaction of problems in 2015.
The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.
So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.
On top of all the other problems being faced by Americans – low wages, lackluster job growth, increased medical care costs, rising prices on essential goods, and more taxes to name a few – could the sudden drop in the price of oil could be the trigger that sends the whole thing crashing down?
As we saw in 2008 it can happen quickly. Within a matter of a few weeks, trillions of dollars in wealth were vaporized and America fell into it’s worst recession since the 1930′s.
This time, as John Ing notes, the magnitude of the crash will be significantly worse and even the U.S. Treasury Department has warned that the system is so volatile that should there be even a single hiccup in our government’s ability to borrow money it would lead to a catastrophic effect lasting more than a generation.
America sits on the brink of the largest financial and economic collapse in the history of the world and the recent drop in the price of oil could be the Black Swan no one saw coming.
Those who fail to position themselves accordingly could experience serious damage to their wealth and well-being if and when this happens. Time is running short and now is the time to prepare. After the panic starts it will be too late.
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Re-Post from Charles Hugh Smith Of Two Minds
December 30th, 2014
HOLY SH*T: U.S. National Debt Has Officially Hit $18 Trillion
Lies are no substitute for truth and fantasy is no substitute for reality.
Follow the money is a good start–but what matters going forward is income, and most especially, net income and disposable income. Debt is important, money/capital flow is important, but when push comes to shove, all that matters is having net income/disposable income: to service debts, to invest, to spend.
Debt can be substituted for income, but not for long. Central banks have been playing a game for six long years: by lowering interest rates and making credit available, the central banks have encouraged households, enterprises and governments to substitute borrowed money (debt) for income.
This works as a stop-gap, but debt accrues a funny thing called interest that eventually eats the borrower alive. Income is (supposedly) the driver of stock valuations, the financial foundation of rental property and the ultimate arbiter of solvency: households, enterprises and governments whose income cannot meet their debt and spending obligations are insolvent and eventually declare bankruptcy.
The reality that all that really matters is income incentivizes gaming income. Corporations and their officers/stockholders benefit greatly when net income appears to rise smartly, as rising income boosts stock prices and the value of stock options.
So it’s no wonder that S&P 500 Profits Are 86% Higher Than They Would Be Without Accounting Fudges. Fudging operating income with accounting trickery pays such huge dividends, why not indulge in a bit of financial flummery? The chances of anyone questioning the sleight of hand is nil, since the entire financial sector relies on systemic flummery for its profits.
Following the income leads us to wonder how the 99% of households whose income is declining in real terms can borrow and spend more every year.
Following the income leads us to wonder how OPEC oil exporters will manage with $250 billion less income in 2015, after suffering a $200 billion decline in 2014.That’s a total of $450 billion of income that’s vanished in a few years.
Since OPEC accounts for about 40% of global oil production, that means oil producers globally will earn $1 trillion less than they did in 2012.
Such primary industrial income has a multiplier effect, which means every $1 of oil income that vanishes means $3 down the spending chain vanishes as workers earn less or are laid off, the stores that depended on oil workers’ spending take a hit, and so on down the line.
Thus the reality is the loss of income isn’t merely $1 trillion–it’s more on the order of $4 trillion, as the multiplier effect subtracts income from everyone in the food chain who depends on oil revenues in a secondary or tertiary role.
Income matters for another reason. Most households, enterprises and governments spend the vast majority of their income in one way or another. If income declines by 5%, that may not appear like much. But if the household, enterprise or government spends 98% of its income on debt service and essentials, that 5% decline puts them in the red by 3%.
It may be possible to borrow more to fill that gap–in essence, borrowing money to pay the interest on previous debt–but this is a financial Black Hole, as there is less income to service rising interest payments.
Once the gravity of insufficient income pulls the household, enterprise or government over the event horizon of insolvency, implosion is inevitable.
So when you read about ever-rising corporate profits, ask if that’s pro forma or actual net income. When the government claims its deficits are declining, check whether its debts are rising faster than the media is reporting.
When your neighbor seems to be spending more, ask if they’re making more net income, or simply borrowing more.
Borrowed money is no substitute for net income. The global economy has been living a Grand Lie for the past six years: that borrowing money can be substituted for declining income, and bogus accounting can be substituted for real net income.
Six long years of lies has persuaded many that the lies can be sustained for another six years–or even sixty years.
But lies are no substitute for truth and fantasy is no substitute for reality. The erosion of net income will eventually matter, maybe not in six years but within six months.
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– See more at: http://www.thedailysheeple.com/dont-just-follow-the-money-follow-the-income_122014#sthash.p47BYKI9.dpuf
It would seem the the US and its remaining allies are not having much luck in anything.