Showing results for tag "economic collapse"
The warning signs are becoming more numerous with each passing day. The choice for Americans today is whether to wait and see if history repeats or whether to plan to be elsewhere before the deterioration advances further.
I had a chance to discuss with Ron Paul what I believe to be his most important, yet relatively unknown, speech. One that gives insight into when the dollar will lose its status as the world's premier currency.
Dependency upon government is a disease. Once it has been caught, it becomes chronic and does not reverse itself in a population until the system collapses under its own weight.
Those in Europe or North America may have noticed that governmental restrictions in their home country appear to be on the increase and that, in fact, the velocity of that increase is itself increasing.
Since the philosophy of collectivism is the root of most of the destructive policies in the US, and the West in general, it is important to understand its many pernicious implications. It is unfortunately a pervasive and growing force.
One possibility is that the financial problems of Detroit and other bankrupt US cities will be advantageously transformed by politicians into social issues, rather than economic ones. And as a result, the US federal government could institute a sort of "No City Left Behind" bailout policy.
Declare your own personal independence by diversifying your political risk to ensure that you are not under the total control of any particular government.
At some point, confiscation of deposits by banks may well become a generally accepted concept. The point to remember is that such developments never begin with a bang. They are always introduced in a small and gradual way and then expanded, just as income tax was in the US.
For every door that closes, another opens. As the First World slides further into depression, we can expect that many smaller countries will provide expanding opportunities.
We stand to soon lose our savings through either confiscation, inflation, or both.
Critically important lessons on inflation from Argentina and revolutionary France.
What is the significance of the IMF now endorsing as a fact that Spain is insolvent when it was easily discernable for some time? It may be a signal that “emergency measures” are becoming more imminent.
Our real life Thelma and Louise (the US and the EU) have consistently opted for the most immediate solution, without concerning themselves with the inevitability of long-term repercussions.
Something I think you can plan your life around is the eventuality of the US government imposing capital controls and other restrictive measures.
Cyprus is not an isolated situation. The damage wreaked by monumentous debt is systemic and it has taken place throughout the First World and beyond.
As a general rule, it may be useful to assume that, whatever the reader presently imagines is likely to occur in this period, the reality is likely to be worse – unpredictably so. If he follows this assumption and it proves incorrect, he has lost nothing. However, if he is correct, his likelihood of surviving the crisis well will be greatly increased.
The fact that the tipping point began in Cyprus, rather than, say, Greece or Spain, is incidental. Of all the dominos slated for demolition, it is unimportant which country was the first to set the dynamite charge at its foundation. The end result will be contagion, as all other options have, predictably, failed.
It has been said that democracy is nothing more than mob rule dressed in a suit and tie.
At this point, it has become apparent that the EU has, in its short history as a governing body, constricted free trade, forced equalization of legislation upon differing cultures and created massive debt.
Legendary speculator Doug Casey explains the difference between a national government and a nation's economy, why the latter cannot be trusted with the former, and his perspective on today's markets.
If we have a brief look back at the Great Depression, what essentially led up to it, then triggered it, we may see some similarities to our present situation. If we then observe how the world’s governments dealt with the situation, we may possibly gain some insight as to what they will do this time and, more importantly, what the outcome may be this time.
As we all observe the Great Unraveling, the slow slide into the second half of the storm that some of us regard as the Greater Depression, an increasing number of people, particularly in Europe and the US, are asking how this will all play out. How will I know when it is time to get out?
Why democracies are doomed to die.
Today we bring you a different type of article from Jeff Thomas. As International Man has grown, more and more readers have come to see Jeff as an interesting and insightful writer on what's coming round the bend from a geo-eco-political point of view. Following is a compilation of some of the questions he's received directly from our readers, formatted into an interview format. Enjoy.
The quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a crash.
Back in the early 2000's, the world was on a roll. Spending was at an all-time high, and people were drunk with the belief that the party would never end; that there was no limit to the amount that either they or their governments could borrow and spend and still, somehow, all would be well.
By the time the breakdown of the global economic system has occurred, the currency, be it the US dollar or the Euro, will have collapsed. At this stage, will the country reach a Mad Max scenario (minus the leather outfits and interesting vehicles)?
With all the study and thought that are required to make sense out of how the Great Unraveling will play out, we seldom take time to think of what it will be like on the other side. Those of us who are, by nature, long-term thinkers and/or optimistic, have a vague picture in mind of a rebirth of libertarian thinking, and a vibrant economy.
Departure from one's country may not be the ideal answer for every person who is experiencing an increase in tyranny in his country. Conditions will vary from country to country, and situations will vary as to how each individual is likely to be affected by those conditions. However, if the individual's negative future prospects are extreme enough to warrant relocation, the greatest enemy is procrastination.
What does a classic American sitcom have to do with the troubles of Europe? Jeff Thomas tells us.
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