The Greater Depression - End of U.S. Empire - Is Here!
Why the greater depression is important to your and the word's survival. Please scroll down to the article on the coming greater depression.
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Prechter Discusses Market Forecasts on CNBC Closing Bell
"The problem is deeper than just a minor recovery
or a minor recession."
Robert Prechter joins CNBC hosts Bill Griffeth and Maria Bartiromo on Closing
Bell to talk about the still-unfolding forecasts presented in his New York
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We invite you to watch the interview below. Then download Robert Prechter’s
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(Note: This interview was originally recorded on September 20, 2010)
In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about extreme readings in various indicators that confirm his bear-market forecast.
The Greater Depression and the End of America's Empire
By Delwyn Lounsbury - THE DEFLATION GURU
Why the GREATER DEPRESSION will mark the end of America's 100+ years of empire and the end of worldwide inflation fed by money making with no backing by socialist governments with you as pawns in a one world government conspiracy scheme by the mega rich banking families – the financial power elite – the BANKSTERS.
I ask this question all the time and never get the right answer. So, here goes. I ask you?
Rome was an empire. Rome at its peak had conquered all its neighbors. Empires can demand and get tribute from those it has vanquished in the form of gold, grain, slaves, spices, silk, olive oil, wine, wild animals for the coliseum blood sports etc. The United States of America has been the empire in the world for the past 100 plus years. We have 740 military bases around the world. So, don't tell me otherwise.
What, how and why did we get our tribute? We ruled the seas, the air. America was the place of the major markets. We were strong. We were and still are the policeman of the world. That was part of the reason Rome fell, by the way. Rome used all their money trying to police their empire. We are rich. Wall Street ruled the world markets for years. Business across the land flourished. We had natural resources (gold, iron, coal) and fertile farm land. We deserved it and I say we got tribute. In spades! How? I say we deserved and we got tribute. Tribute is a Roman word for pay as an acknowledgment of subjugation, for protection from invasion, etc.
We lived the high life all these 100 years and exported our inflation to other nations. Yes, the rest of the world had to take our rotten fiat paper money that was consistently losing value. The U.S. dollar of 1913 is now worth only 3 cents. We made out like bandits. T hey had to take our stinking paper money that was losing 5% per year in value some years. They had to choke on it, while we lived high on the hog. We exported our inflation to other countries. We ripped off the whole world with our made-up (fiat) monopoly money. No wonder other countries hate us.
95% of all U.S. paper money ever printed is in other nations. There is a huge market hedging interest rate risk on our dollars in Europe. It's a debt instrument on the commodity exchange called Euro dollars - not the Euro currency. Total open interest 8/6/2010 was a whopping - $7,830,000,000,000.
You can plan on big time drops in prices of real estate, stocks, corporate and municipal bonds, commodities (yes, gold and especially silver, palladium and platinum since the are all industrial metals) and antiques/art/collectable items in the deflation economy. This will be a nightmare. I expect "Antiques Roadshow" to go off the air. You can't eat that stuff. I was watching it the other night and someone on the program said some prices were down by 33% in some areas of collecting. Also, the spreads on the estimated values are getting wider.
We are firm believers in Robert Prechter's Elliott Wave analysis. How markets and indeed all nature may work. Socionomics is his new joining of sociology and economics in relation to mans mood swings from positive to negative and someday back to positive. For now, Prechter sees mans mood waning until 2016 or so. He says the effect on investment markets will be disastrous due to the fact that man is a herd animal and buys at peaks and sells at bottoms in the market. Society’s mood is turning sour. It’s waning. That's deflationary as people don't start businesses, build bigger houses, buy more stuff or hire new employees. It starts to snowball as more and more people copy the sour mood of others and even start to save money and pay off debt. Wow!
The greater depression started with the 2000 dot com stock mania bubble climax peak may not end until 2016 to 2018. At that time most of your assets may have lost 90% in price and unemployment could be 30%. Even the price of gold may drop in half. CASH IS KING in deflation. Japan has seen deflation for 20 years and now the rest of the world is catching the epidemic. You cannot stop the pendulum from swinging. The greater depression will continue until the inflation is wrung out of the system in this Greater Depression.
Prechter has found it is better to be a contrarian investor when the direction of the wave changes to a deflation economy in the coming GREATER DEPRESSION. BE PREPARED! HURRY! That's my tribute to tribute.
PS You are only half way into the Greater Depression! The low may be 2016-2018. We are now a fascist state. Cash will be king! Get into cash and get out of debt. ASAP! Support the U.S. Constitution or you lose what is left of your Freedom and Liberty. President Obama, the Department of Justice and the progressive left are making mincemeat out of your liberty - your heritage.
Our empire is ending. The GREATER DEPRESSION started in year 2000 with the dot com stock market peak. China will be the next empire, but not for maybe 20 more years.
Beware! The financial power elite want a one world government/new world order where everyone is under their total totalitarian control. Global governance is happening - slowly at first but now days at an alarming rate. The UN, NATO, World Bank, IMF, Bank for International Settlements and World Health Organization and their enablers and croany capitalists all are “Big Brother” control subterfuge by the impossibly rich world banksters. Recently, President Obama went to NATO for permission to bomb Libya not the US Congress. Why? He is part of a collectivist conspiracy to take the last of your freedoms by spending us into oblivion and ruining the constitution. Collectivism is communism, by the way. This is TYRRANY!
Copyright 2011 - by Delwyn Lounsbury - THE DEFLATION GURU
Reprint rights allowed with attribution back to:
http://www.deflationeconomy.com
GREATER DEPRESSION
LATEST:
9/3/2011 - Doug Casey first coined the term "Greater Depression" back in the 1990's. Doug Casey has a new interview posted at www.thedailybell.com a great Libertarian and free market web site.
Daily Bell: Is democracy a good thing?
Doug Casey: No. Democracy is just mob rule, dressed up in a coat and tie. It's too bad people conflate democracy, which is mob rule, with liberty and freedom. Democracy in most of the world is everybody voting for the person that promises him or her most stolen goods from other people. Democracy is a political system, and all political systems rest on institutionalized coercion. I don't care whether it's a king, a president, a congress, or a mob of chimpanzees that tell me I have to pay 50% of my income over to them so they can fund wars, welfare programs, the police state, oligarchic corporations, or whatever. That's what democracy is today. Regrettably, the average person has been programmed to think democracy is a high moral good, much as his ancestors were programmed to believe that monarchy was the way Yahweh, or whoever, wanted the world organized.
The only kind of democracy that I support is the democracy of the free market. You vote with your dollars. Anything that you want or need can be gained by production and trade. The democracy we currently know is a fraud and a delusion.
My Response:
By Delwyn Lounsbury
Great Interview!
However, the Anglo financial power elite will get richer in the Greater Depression and with a strong dollar. Just like in the 1930's depression the lenders don't want to see the value of their loans diminish anymore than they already have. The only safety in a worried wacky world will be the U.S. The dollar will be strong - gold is toast for now (topping at $1,912.70 on 8/22/2011). At some point (not now) gold mine shares will soar even if the price of gold does not. Why? They will be mining money! Homestake gold mine stock went from $65 in 1929 to $544 in 1936 and in 1935 paid $56 per share in dividends.
Link to the history of the nefarious financial power elite collectivist conspiracy and TYRANNY. Yes, the one world government/new world order "Big Brother" bunch of mega rich and powerfull socialist demigods that want to make you a pawn and a serf and take your freedom, money and liberty forevermore. IMPORTANT!
In 6 to 10 years if we don't get private money backed by gold then we get the runaway hyperinflation. First comes hyperdeflation. (Why is the word hyperinflation in the dictionary and hyperdeflation is not?) Then comes hyperinflation again if the world does not go on a private gold standard money system. Only gold is honest. Only gold is not someone else's debt. Only gold is the way to liberty and freedom. The financial power elite don't want you to have any gold.
The Austrian school of economics says that once a government starts down the fiat money printing path, the only cure for resulting credit inflation is a nasty deep credit deflation.
Vicariously
Lives through the dusty
Pebbles while thrusting
Them onto the pond
So very trusting
Betting the calm is strong
And won't let them drown
He's got to swallow his pride
He followed horrible advice
And hollowed his account
With a roll of the dice twice
Now the market's a rollercoaster ride
He's back to the beginning
With no retirement in sight
Tick tock the clock is getting faster
Can't sit back
And watch the world move backwards
He's got to be moving forwards
He's got to be moving faster
Today he's older
Tomorrow he's older than today
He's got to get bolder before he's older
And throws his life away
Those damn revelations
Running around his head
Increasing frustration
And motivation
Look he's scared to death
He's got to do something today
Before the terrorists start attacking
Before foreign policy instigates another Iraqi
With a suitcase who wants to blow himself up for Allah
Better to die chasing a dream than regret not trying at all
Tick tock the clock is getting faster
Can't sit back
And watch the world move backwards
He's got to be moving forwards
He's got to be moving faster
Passes time to forget time is passing him by
Tick tock the clock is getting faster
Can't sit back
And watch the world move backwards
He's got to be moving forwards
He's got to be moving faster
Tick tock the clock is getting faster
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