OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» New Spin on the Reason for the Tyre Nichols Beating Death
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:47 am by PurpleSkyz

» The Algae That Might Save Earth’s Coral Reefs
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:40 am by PurpleSkyz

» Drug Safety Expert Calls For Immediate Suspension of COVID Shots: Causing ‘Deaths of Young People and Children
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:35 am by PurpleSkyz

» Former UA Swimming Standout Ty Wells Dies at 23
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:17 am by PurpleSkyz

» Junior Varsity Basketball Player Suffers Seizure and Cardiac Arrest During Game
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:11 am by PurpleSkyz

» ‘Synchronicity’, Is The Universe Trying To Tell You Something?
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:07 am by PurpleSkyz

» Washington D.C. Court Dismisses Jan. 6 Civil Charges Against Roger Stone
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 11:01 am by PurpleSkyz

»  #COVID19 origin: “Most read propaganda paper ever”
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 10:54 am by PurpleSkyz

» University in shock as Thesis written by ChatGPT was Approved. AI-powered bot did 2 years work in 23 hours
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 10:51 am by PurpleSkyz

» Elon Musk Apparently Thinks Twitter Is a "Flaming Dumpster Rolling Down the Street"
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 10:47 am by PurpleSkyz

» Groundhog Day is an astronomy holiday
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyYesterday at 10:40 am by PurpleSkyz

» AI identifies possible alien technosignatures in deep space
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 1:35 pm by PurpleSkyz

» Scientists Make Shocking Discovery Under Antarctica’s Ice
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 11:10 am by PurpleSkyz

» FEBRUARY UFO NEWS ~ The Bonnybridge Files - The town with the most UFO sightings in the world plus MORE
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 10:36 am by PurpleSkyz

» Watch The EMF Hazards Summit Here For FREE
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 10:28 am by PurpleSkyz

» Switzerland Weighs Break With Centuries-Old Policy Of Neutrality
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 10:22 am by PurpleSkyz

» "It's Time For The Scientific Community To Admit We Were Wrong About COVID & It Cost Lives"
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 10:19 am by PurpleSkyz

» Giant Digital Billboard Outside Pfizer HQ Shows Director’s ‘Mutated Virus’ Comments on Repeat
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 1:16 am by PurpleSkyz

» Pfizer execs tip their hand
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 1:11 am by PurpleSkyz

» New Mexico DA officially charges Alec Baldwin with manslaughter over 'Rust' shooting
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 1:06 am by PurpleSkyz

»  Exclusive: Woman Diagnosed With Vaccine-Induced Transverse Myelitis After Pfizer Shots
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 1:02 am by PurpleSkyz

» House Votes To End COVID-19 Emergency
Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video EmptyWed Feb 01, 2023 12:57 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video

Catastrophic Meltdown Coming to America – Doug Casey & Greg Hunter Video

Go down  Message [Page 1 of 1]

ymoilman2



Catastrophic Meltdown Coming to AmericaDoug Casey & Greg Hunter Video
Sunday, May 4, 2014 21:49
(Before It's News)

By Greg Hunter’s USAWatchdog.com

Investor/author Doug Casey says most Americans are ill-prepared for what is coming.  Casey explains, “This huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered.  So, people think it’s going to be happy days again, but it’s not.  The way the government engineered this recovery is by creating trillions in currency units, and as we speak, they are creating $55 billion a month more by buying government bonds and mortgage securities.  All of this paper money which is currently sitting in banks, at some point, is going to wash over the U.S.  You’ll see very high levels of inflation.  It’s going to be quite catastrophic.”   Casey, who has a new video called“Meltdown America,” contends, “The standard of living for the average American has been dropping for years now.   The average American can’t lay his hands on $2,000.  A recent poll came out and said 40% of Americans, if they had to get $2,000 cash in 30 days, couldn’t do it.  So, things are pretty strapped, and when the economy goes off the deep end again, and I think it could happen this year quite frankly, there’s going to be a lot of unemployed people, a lot of people without any money and a lot of people with a lot of debt.  There is nothing the government can do at this point except print more money.  The problem is all the money they are printing is coming out of a financial fire hose at the Federal Reserve.

 The rich guys are where the fire hose is, and the little people are just getting some dribs and drabs.  This is why the country is becoming polarized, where the rich are becoming richer and the poor are becoming poorer.  It’s exactly because of these government actions that are incredibly stupid. . . It’s just bailing out the rich.  The prognosis is extremely grim.  There’s no way out.”
What does Casey mean when he says, “There’s no way out”?  Casey explains, “It means, in the real world, there is cause and effect.  Actions have consequences . . . .  What could happen?  You could have lots of bank failures.  You could have a stock market crash.  All this money that the government has created has bulled up the stock market to new highs.  So, the next step is likely to be down.  A lot of people have assets in the stock market, and if they don’t, their pension funds are in the stock market.  Most of the cities in this country have and most of the states in this country have gigantic pension liabilities that are underfunded, underfunded even though the stock market is at all-time highs and the bond market is in a super bubble.  Now, when interest rates inevitably go up from these artificially suppressed levels where they are now, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse.  These pension funds are going to be wiped out.  Then what’s going to happen?  This is a very bad situation.  The U.S. is digging itself in deeper and deeper.”

So, could the U.S. one day just default on its enormous debt?  Casey says, “There is really no pleasant solution to this problem, but actually, for years, I have advocated the U.S. doing exactly that.  Right now, the U.S. has official government debt of $17 trillion.  This is not repayable.  In addition to that, there is another $65 trillion in obligations that it has to make good on, like Social security, for instance.  I suggest the U.S. government default on all these things because, otherwise, it is going to mean the next generation of Americans is going to be indentured servants.  It’s an insoluble problem at this point.  It’s just as if you or I had borrowed a million dollars and we lived high off the hog for a year.  At the end of the year, after an artificially high standard of living, we would have a very real decrease in our standard of living if we were going to pay the million dollars back.  I think the U.S. should default.  I think it would also serve as a good thing to punish the people who loaned the U.S. the money and enabled it to do all the stupid things it has done with the money.  Another advantage would be the U.S. wouldn’t be able to borrow again for a good long time, and that’s a plus too.  The U.S. is going to default one way or another.  I’m just saying they ought to do it overtly and honestly as opposed to catastrophically by destroying the dollar, which is the way they are actually going to default on all that debt.”

What will happen to your retirement funds that are not wiped out by a crash?  Will the government simply take what it needs to survive?  Casey thinks, “The U.S government is not ‘We the People.’  The U.S. government is an entity unto itself.  It’s as separate from U.S. society as General Motors or Apple Computer.  So, its first interest is to look out for itself, and its only source of revenue is confiscating wealth from the American people.  Of course, it will. Governments are always doing this type of thing.  Here in Argentina, they confiscated everybody’s pension account three years ago. . . . Of course, it’s going to happen in the U.S.”

Join Greg Hunter as he goes One-on-One with Doug Casey of CaseyResearch.com.
(There is much more in the video interview.)

VIDEO LINK:
https://www.youtube.com/watch?v=MUeSjdt6_Bo#t=506

After the interview:
If you would like to see the new video from CaseyResearch.com called “Meltdown America,” click here.  For Doug Casey’s most recent book “Right on the Money” click here.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum