Congresswoman Maxine Waters (D-CA) claimed today that “over 170 million jobs” could be lost due to sequestration. Later in the presser, Rep. Waters corrected herself, saying it was only “750,000 jobs” that could be lost.
Yesterday we did have Mr. Bernanke in our committee and he came to tell us what he’s doing with quantitative easing and that is trying to stimulate the economy with the bond purchases that he’s been doing because he’s trying to keep the interest rates low and jobs – and he said that if sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these jobs losses, over 170 million jobs that could be lost….
“Sarah Palin says America will eventually default on its debt and claims that the federal government is “stockpiling bullets in case of civil unrest” to prepare.
If we are going to wet our proverbial pants over 0.3% in annual spending cuts when we’re running up trillion dollar annual deficits, then we’re done. Put a fork in us. We’re finished. We’re going to default eventually and that’s why the feds are stockpiling bullets in case of civil unrest,” Palin wrote in a Facebook message Tuesday.”
She continued: “The real economic Armageddon looming before us is our runaway debt, not the sequester, which the President advocated for and signed into law and is now running around denouncing because he never had any genuine intention of reining in his reckless spending.”
Every indication clearly suggests that authorities in the United States are preparing for widespread civil unrest. This trend has not emerged by accident – it is part of a tried and tested method used by the banking elite to seize control of nations, strip them of their assets, and absorb them into the new world order.
There is a crucial economic imperative as to why the elite is seeking to engineer and exploit social unrest.
As respected investigative reporter Greg Palast exposed in 2001, the global banking elite, namely the World Bank and the IMF, have honed a technique that has allowed them to asset-strip numerous other countries in the past – that technique has come to be known at the “IMF riot.”
In April 2001, Palast obtained leaked World Bank documents that outlined a four step process on how to loot nations of their wealth and infrastructure, placing control of resources into the hands of the banking elite.
One of the final steps of the process, the “IMF riot,” detailed how the elite would plan for mass civil unrest ahead of time that would have the effect of scaring off investors and causing government bankruptcies.
We’re already Greece, the bond market just doesn’t know it yet.
Friday on CNBC. Great clip. Transcript is below.
The U.S. Debt Machine rolls on, borrowing $50,000 per second.