Random surfing of the interwebs turned up a video which was partially correct on a statement, but potentially not by the correct person.
What made the vid interesting was talk of derivatives, tapering, rising interest rates, currency reset, and market turmoil to begin in 2014. Given the volatility in the last month i thought it may be worth your consideration.
In October 2012 Grady Means Predicted The End of the Real World Will Occur on March 4, 2014
“Grady Means is a businessman, former assistant to Vice President Nelson Rockefeller and former economist at the U.S. Department of Health, Education and Welfare”
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“Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.
Interest rates
will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.
The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).
Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.
The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.
Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.
The central issue is confidence in America, and the world is losing confidence quickly.
At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.
Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.
China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold…..”
A grain of salt may be needed for this video….at least it led to an interesting article.
[youtube://http://www.youtube.com/watch?v=OOQ2jUZKKic 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
there will be a food shortage.as of now,there are only 88 million cattle alive right now as we speak of in our country……think about that.. thats like saying there is only one bucket of water left in the world to quench the thirst of 7 billion people on this planet.the water shortage in cali is even more dire.i give it till the middle of summer(as mr.fly calls the 100 dollar tomato) to come to fruition. and there in lys all the hollow point ammo that will be used to fend off the chaos…….
the drought is f’ing things up. The ammo story is normal business as every two years or so the gubmint declares what they have on the shelves to be not of the freshest quality.
this is why safeway closed,in chicago, they closed down the dominicks grocery store chain with almost 200 stores+.it’s all tied in somehow,someway.it’s not that they couldn’t compete,because they have had very loyal customers for years and years.but as a major food store chain,who is big money,already knew about the writing on the wall.you just don’t up and close a few hundred stores for nothing.
i know nothing of safewat closings. seems like a lot of units to shut down.
wait till you start paying 15 a pound for ground meat.not choice,or even prime, i have been in the food biz since a child,and have the scares to fucking prove it. you plebs are in for a fucking surprise.i don’t care how much fucking coin you all have. you think 0zer0 care hit folks.just wait. inflation has to start somewhere,it is gonna start with caloric sustenance just to stay alive.hope you’re all prepared.start stocking up on water.because what comes out of your spicket,will cost you 10 times what your paying now by summer.and that 100 dollar tomato,is right around the corner.88 million cattle for a country of 310 million.you do the math.on a normal day my butter supply is always over 20 pounds.and your fucking stocks won’t save you from shit.
I could start a new reality show called City Boy Turned Hill Billy.
Ground Deer will only cost me a bullet. Two water sources on the property and a seed bank to grow my own $100 tomatoes. I hope it will never come down to that, but i always prepare for the worst and hope for the best.