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.
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.