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Martial law coming to America?

The economic challenges and the US Government shutdown has now got people talking about martial law.

 

Reports are now coming from Religious leaders and from business and political leaders in America that martial law is coming to USA – caused by a financial collapse.

My last blog post mentioned a coming financial collapse that will cause hyper inflation but now other leaders are warning of martial law.

The current people who are predicting martial law in USA is Rich Joyner, Ron Paul, Peter Schiff and Ellen Brown President of the Public Banking Institute.

http://www.morningstarministries.org/resources/prophetic-bulletins/2013/straw-breaks-camels-back#.Ulk8OFeab-o

http://www.globalresearch.ca/martial-law-and-the-economy-is-homeland-security-preparing-for-the-next-wall-street-collapse/5353267

http://www.theoakinitiative.org

http://www.infowars.com/ron-paul-warns-of-martial-law-and-economic-collapse/

http://www.infowars.com/peter-schiff-warns-of-martial-law/

These are a few extracts from Rich Joyner’s October 8th 2103 report:

  • “The main cause of the crisis that leads to martial law will be a currency collapse and a banking system failure.”
  • “This will lead to a period of near anarchy and chaos that forces our military to intervene to stop the meltdown.”

“The IMF (International Monetary Fund) did a widely publicized study on America’s debt and concluded that our real debt is over 100 trillion. The $16 plus trillion our government is now reporting as our debt is calculated by using a cash basis accounting method that would get us sent to jail if we tried to use it. This figure only reports how much we have borrowed and does not consider future obligations such as entitlements.”

“The IMF study concluded that if Americans were taxed at the rate of 100%, we still could not ever pay our obligations. This alone could ultimately bring down our currency, but it is just one of many deadly factors that could be equally devastating. Something has to give. We have dug a hole that we cannot get out of. It will ultimately result in the collapse of the dollar. That will be an emergency like we have not faced before, but we can get through it. It does not have to be the end of our Republic or our freedoms, but it will take martial law for a time to get the country stabilized and restored to our constitutional moorings.”  Rick Joyner

The USA is a $16.6 Trillion dollar (No 1 in world) economy and Australia a $1.6 Trillion (GDP per year).- The USA is not Australia’s largest export trading partner, China is, BUT the USA is China’s largest export trading nation a total of $411 billion! And the USA is Australia’s second largest importing nation into Australia making up 11.6% of  Australia’s imports. (Australia exports to USA in 2011 was $16billion)

It is now time to consider in Australia what would be the effect on our economy if the USA was to suffer this type of economic shock-wave.

Alan

 

Why the USA is facing a future of hyperinflation.

Glenn Beck Interviews Prof David Buckner about how USA is facing a Wiemar Republic type Hyper Inflation scenario.

Thursday, Oct 3, 2013

Columbia University Professor David Buckner joined Glenn on tonight’s Glenn Beck Program to offer some frightening insight into the state of the U.S. economy. Glenn has long talked about the collapse of Weimar Republic and the triggers that lead to a state of unsustainable hyperinflation. David laid out five “steps” that lead to/cause a hyper-inflated state:

1. Economic implosion
2. Collapse in tax revenues
3. Raise taxes
4. Lenders stop lending
5. Austerity or print

As you can see from the list, the U.S. is obviously not the untouchable stable powerhouse as it was once believed.

So is there any hope for our economy? David believes that the decades of poor policy will ultimately come to a head in October 2014 or January 2015, and from there a complete collapse would be complete in just months. It’s a scary prospect, but, as David explained, it is important to understand the root of problem, if we have any hope of righting the wrongs.

Watch the Video interview

Aug 24, 2013 - Global Financial System    2 Comments

Alan Economic Update- August 2013

I start this comment making it very clear that I am not an investment adviser and would class myself as an amateur in the financial markets.  But I have been studying this area since the GFC and I follow a number of financial newsletters.

Plus I attended the Investment Expo yesterday and listened to allot of people who know allot more than me in this field.

This is what I learned and what I am hearing.  Check with a professional before you act on any of my comments.

What could be coming:

Immediately after our Australian election on 7th Sept the Australian stock market will see a further spike in prices and confidence up until about the 16th Sept which is the height of the company dividend payouts.

But by October we will see a decline towards Christmas.  However internationally there could be a major correction very soon!

The DOW is at an all-time high of 15558 which is higher than just before the GFC of 13895. The Aust All ORDS is just over 5000 it was at 6875 just before the GFC.  CBA bank shareholders beware CBA is one of the most expensive bank shares in the world, its currently $72 AUD its was $60 AUD just before the GFC and it went to $24 so I would be looking at this share very closely. (wink wink say no more) but beware the dividend date for CBA is 3rd October so don’t do anything until after then.

I would also consider taking a defensive position, some people I know have already moved their super into cash.

Bonds are getting sold off which means interest rates will be on the way up if this trend continues. It could be a good time to lock in a fixed term interest rate for your mortgage. Remember if interest rates go up overseas like USA they must go up in Australia so we continue to attract overseas capital, even if our local market is depressed interest rates would still rise.

Gold and Silver has been heavily sold off and are now looking like they might be in a long term upward trend, with some fluctuations along the way. Gold had a 45% retracement from its low of $280 to $1920 back to $1180 USD an ounce. And one thing I have learnt is that what goes up goes down and what goes down goes up! I heard some estimates by Gold enthusiasts of $ 5000+ USD in longer term future.

AUD might stay in the mid to low .90s in Sept and might start sliding down to mid-80s and then find good long term support, unless there is a major 2GFC.

Our petrol prices will stay somewhat stable as international oil companies need oil to stay above $80- 90 dollars a barrel (currently $106 barrel) but will not get allot higher as high oil prices encourages alternative energy solutions so OPEC and other oil producing nations have a vested interest to keep oil affordable so it does not encourage alternative energy rivals.  This little fact explained to me why the big car companies have not been quick to design alternative fuel source cars!

A shining light for the USA is shale oil, which is expensive to produce but is making a helpful 22% reduction to the US trade deficit that is still over $500 billion per year. The USA stopped having a trade surplus after 1975. They still export $2.2 trillion per year but they import 2.7 trillion per year. The US National Debt stands at $17 Trillion.

I hope you found this interesting!

Alan

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