Why We Are On A Path That Will Only Lead To A Total Economic Disaster
The coming EBT riots
As Ron Paul explained in his recent farewell speech, the entitlements must sooner or later come to an end:
The wealth we see today is based on debt and a foolish willingness on the part of foreigners to take our dollars for goods and services. They then loan them back to us to perpetuate our debt system. It’s amazing that it has worked for this long but the impasse in Washington, in solving our problems indicate that many are starting to understand the seriousness of the world -wide debt crisis and the dangers we face. The longer this process continues the harsher the outcome will be.
Many are now acknowledging that a financial crisis looms but few understand it’s, in reality, a moral crisis. It’s the moral crisis that has allowed our liberties to be undermined and permits the exponential growth of illegal government power. Without a clear understanding of the nature of the crisis it will be difficult to prevent a steady march toward tyranny and the poverty that will accompany it.
EBT card users are almost universally incapable of understanding the complex economics Ron Paul is describing. All they understand is that their next meal comes from a piece of plastic that “counts as money” at the local corner store. They do not grasp the long-term vulnerability of that system and how it is tied into a global debt scheme whose days are numbered. Furthermore, EBT card users almost universally have no backup plan. They live meal by meal, with no financial safety net, no financial planning, and absolutely zero savings. In fact, having any real savings disqualifies you from receiving an EBT card, which is another way that Big Government actually encourages financial dependence among EBT card recipients.
The EBT false flag riots
Why is all this important to understand? Because on the day the EBT cards are shut off, there will be mass riots of EBT card recipients who are suddenly thrust into an emergency.
In fact, shutting off the EBT cards is actually one way to initiate a false flag event in America. It works like this:
1) Purposely shut off all EBT cards. (Takes just two seconds at JP Morgan.)
2) Blame it on a cyber terrorist attack and use the crisis to institute harsh new police state controls over the internet. (“Never let a good crisis go to waste…”)
3) Allow the “EBT riots” to unfold. Keep the National Guard away for long enough to let things get out of control and have scary footage broadcast on the evening news.
4) Once things are bad enough, announce Martial Law and bring in the troops to turn America’s streets into a Nazi-style police state surveillance and enforcement system, complete with TSA-run checkpoints on all major roads.
What’s required to make this happen? Nothing more than turning off the EBT cards for 72 hours. That’s it! It’s just a single change to a single line of code at JP Morgan Chase, and it’s mission accomplished for the globalists.
Yesterday’s EBT outage, in fact, may have been a practice run for the real thing. When the globalists want riots to unfold, they now have the tool to make it happen.
Long term: All entitlements will be cut off or made worthless through currency debasement
The question of disappearing entitlements isn’t just an EBT card issue, by the way. The coming financial collapse of the U.S. government will end all entitlements, including social security, Medicare and federal workers’ retirement pension payments.
That’s the real kicker in all this: In a society where 50% or so are now largely dependent on the federal government for their very survival, the fact that the government is headed into a multi-trillion-dollar debt blowout should raise red alerts everywhere.
Ron Paul Warns of Total Economic Collapse Leading to Political & Social Chaos
7 Of 10 Asian Countries Move From Dollars To Yuan!!
And now seven out of 10 economies in the region — including South Korea, Indonesia,Malaysia, Singapore and Thailand — track the renminbi more closely than they do the USdollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still havecurrencies following the dollar more closely than the renminbi, said the report, posted on theinstitute’s website.
China Persists In Refusing To Buy US Paper
And Fed May Buy $85 Billion in Bonds Per Month.
Federal Reserve Bank of San Francisco President John Williams said the central bank will probably buy about $85 billion in bonds per month starting in early 2013 and continue purchasing securities well into the second half of the year.
ART CASHIN: We Are On The Verge Of A Major Currency War
“What troubles me in that area is the call for elections in Japan, and the fact that Mr. Abe, who had been Prime Minister, may come back. He has called for unlimited monetary easing from the Bank of Japan and the Ministry of Finance.
It sounds to me like we are on the verge of a major currency war, under the guise of monetary policy. He specifically said, ‘I want to see the rate of inflation go above 3%.’ Now I’m sure they are bright enough not to get into something like Germany in the Weimar Republic. But we’ve got central banks all around the world beginning to play with fire.”
Kyle Bass, Larry Edelson, Jim Rogers and Marc Faber Predict Widespread War
Kyle Bass writes:
Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.
Larry Edelson wrote an email to subscribers entitled “What the “Cycles of War” are saying for 2013?, which states:
Since the 1980s, I’ve been studying the so-called “cycles of war” — the natural rhythms that predispose societies to descend into chaos, into hatred, into civil and even international war.
I’m certainly not the first person to examine these very distinctive patterns in history. There have been many before me, notably, Raymond Wheeler, who published the most authoritative chronicle of war ever, covering a period of 2,600 years of data.
However, there are very few people who are willing to even discuss the issue right now. And based on what I’m seeing, the implications could be absolutely huge in 2013.
Why are these economic gurus forecasting war?
For one thing, many influential people wrongly believe that war is good for the economy.
In addition, Jim Rogers says:
If it turns into a trade war, it is the most momentous thing of 2011,” said Rogers. “Trade wars always lead to wars. Nobody wins trade wars, except general who end up fighting the physical wars when they happen. This is very dangerous.
Rogers also explains:
A continuation of bailouts in Europe could ultimately spark another world war, says international investor Jim Rogers.
“Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.”
There Is A Financial Disaster Coming; Are You Ready For An Absolute Credit Freeze?
Do you think the government will be there for you in the middle of a crisis?
If they can’t handle the emergency response after a Category 1 hurricane, what will this country look like when the economic and fiscal crisis comes to a head?
What happens if the US dollar comes under attack from foreign creditors who choose to no longer accept it in trade? How will we as a nation import oil and food in such a scenario?
What if monetary easing by the Federal Reserve causes price increases so drastic that current employee wages or nutritional assistance allotments provide only a couple of days worth of food?
What if states and local municipalities are so broke that they withhold pay from government employees like police officers and emergency medical responders?
We’re talking about the potential for an absolute credit freeze that will make the situation in New York spread across this country almost overnight.
Ask yourself this question: Are you prepared to take care of yourself?
If you cannot answer that question with the affirmative it is time to stop just listening to alternative media and thinking of it as entertainment, but taking the advice seriously and considering if you have a plan to take care of yourself and loved ones if the situation arises.
Because if you look around this world, if you look at the mainstream media, they’re forewarning you about what’s coming.
There is a disaster coming. Get ready for it. Make sure you are mentally and physically prepared for what is coming.
From Charlie McGrath of Wide Awake News