Neither Candidate Can Prevent the Coming Collapse

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WideAwakeNews.com 

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The Economic Collapse and the Neoliberal Onslaught

GRTV

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Why the Rich Elite will Suffer When the SHTF

Gaye Levy, Contributing Writer
Activist Post

The rich elite will suffer if there is a collapse and rest of us working stiffs will be fine thank you very much. That is my belief anyway.

So why? Conventional wisdom and sense (if you want to call it that) tells us that those with fat bank accounts have it made: steady incomes, nice homes, luxury automobiles, and lots of help in the way of secretaries, personal chefs, housekeepers, gardeners, pool tenders and a myriad of other folks that make their day quite pleasant. In addition, they have all the latest and toys gadgets and when a new model comes out they are first in line to get it.

So initially, these fat cats will be just fine in the event of a global economic collapse. But wait? What will happen to their cushy life when money becomes devalued or even worthless? Well first of all, they will go through their pantries in a week or two – possibly a month – and then find that when they need basic supplies, the shelves at the grocery are empty. The gardener is long gone and they did not learn to grow their own food because all the digging and tending would ruin their manicure.

Rich Dad's Kiyosaki Predicting Economic Collapse (Video)

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8 Easy Steps to Building Your Barter Network

Barter economy - Wikimedia image

Brandon Smith
Alt-Market

The trading of goods without the use of paper currency is not a difficult concept. People all across the country do it everyday. Barter, in its simplest sense, is not dead, and never will be. However, the organized use of barter as an alternative to the mainstream economy; THAT is something America has all but forgotten. One serious problem that I consistently seem to run into is the assumption that barter needs “backers”, meaning, many people believe the existing methodology of business must be the driver for barter to become “big” again. For decades, barter organizations of every shape and size have been so focused on pursuing a centralized corporate profit model that they forget the foundation of success in barter is the strength of the individual participants. This is why we have seen so many false starts and failures in localized commerce initiatives. It is the same reason why many existing barter groups remain in a sort of stasis, unable to grow, frustrating organizers and members alike. Liberty Dollar, for instance, was so centralized that a single federal raid was all that was needed to dismantle Bernard von NotHaus’ accomplishments and his years of effort.

State, local governments set to see record job cuts, layoffs

Wiki Image

Tami Luhby
Yahoo Finance

Don't look to state and local governments to prop up the job market.

To the contrary, this cash-strapped sector is set to go on a record-breaking layoff binge when the new fiscal year starts on July 1.

State and local governments are forecast to shed up to 110,000 jobs in the third quarter, the first time the blood-letting has risen into the triple digits, according to IHS Global Insight.

"We're on a downward path," said Greg Daco, principal U.S. economist at IHS. "It's not looking good."

State and local government employment has been a drag on the economy all year, averaging a loss of 23,000 jobs a month over the past three months. Meanwhile, the private sector has created an average of 180,000 a month during the same period.

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America, I don’t want to work for you anymore

FDR Memorial Bread Line
Wiki Image

Fire Dog Lake 

Probably by now, we’ve all seen this graph or one like it. Just one in a series of graphs that rub in our faces a fact that I have known for decades (yes, decades). The rich are stealing from you.

You can pretend that the rich people in this chart actually earn their extravagant livelihoods, but everything in the evidentiary world points to the opposite. They steal it. From endemic fraud, shady accounting practices and off-shore accounts to government bail-outs, regulatory cop-outs and refusal to prosecute the most egregious actions, the rich have gamed the system so entirely that most people, still to this day, have no idea what I am talking about. And it’s been going on for decades.

The top end of the income scale since the seventies have seen incredible increases while the bottom has remained flat. When I say the top, I mean the top ten percent, in particular the top one percent. The other ninety percent of us have flat-lined for over thirty years, despite tremendous advances in our productivity!

America Is Bankrupt (But Not the Way You Think)

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Harvard Business Review

Healthcare, schools, police, tax breaks: which would you keep, slash, or cut? The axe has to swing, so where, if you were the lumberjack, would you aim it? It's the central, polarizing question in this age of austerity.

Or is it? Maybe relying on cuts to reboot prosperity is a bit like starting a diet to treat Alzheimer's: probably not going to work.

Consider an allegory: a household racking up debt not just because they have easy credit, but because they're a dysfunctional family to begin with. Meet the new Joneses: they're a little less Cleaver and little more Soprano.

Dad Jones is the CEO of Toxico, a major, blue-chip energy corporation. He's an imperious millionaire, but he's stingier than Scrooge McDuck. Though he rakes it in, he flat-out refuses to contribute much, if anything, towards basic household costs--and when the family sets up rules to make him, he quickly finds loopholes. In fact, last year, instead of contributing to the household purse, he managed to find a way get a net contribution from it.

Lawmaker moves to 'democratize' Fed rate-setting

US Representative Barney Frank
© AFP/Getty Images/File Alex Wong

AFP

WASHINGTON (AFP) - A US lawmaker proposed a bill Tuesday which he said would make the Federal Reserve's interest rate-setting "more democratic" by removing from the process Fed governors with private-sector links.

Democratic Representative Barney Frank suggested that five of the central bank's 12-member panel which sets US interest rates, the Federal Open Market Committee (FOMC), were more beholden to private-sector banking interests than to the public.

Frank's office said he was submitting legislation that would exclude the five -- who are chosen to lead regional Fed units by the private financial institutions of each region -- from voting on rate decisions.

Ruppert: Economic COLLAPSE Coming by July (Video)

CollapseNet

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