ECONOMIC ARMAGEDDON AND YOU

economic-armageddon-js-01-july-2011

Since the global economic collapse of 2008, it could reasonably be expected that monstrously gorged bank ers might embark on a diet, but, like most addicts,  they continues to relentlessly feed, as fatalists who believes that death is inevitable, for their customers, that is, not themselves, who are omnipotent and immortal overlords.

The feast on which fat bankers dine is debt. They are the masters of credit, thus masters of mass illusion. All the ‘physical’ money in circulation accounts for only 10% of the zeros and ones in electronic bank accounts, and these zeros and ones are mostly notional values of debt, such as customer mortgages or inter-bank loans, which are used by banks to gamble on interest rate movements, or the future value of mortgage debt ‘packages’.

It’s monopoly money, that is agreed to have a value by those controlling ‘the game’, and those who wish to be a part of ‘the game’ – in which most people are pawns.

Super rich City of London and New York bankers essentially receive their fat bonuses by gambling with other peoples’ debt. Like all their parasitic kind, inclding their political twins, they have never done a manual days’ work, but feel they have the divine right to control the lives of those that have.

Since the global economic collapse of 2008, rather than limit the amount of unpayable debt, which caused the collapse, cental banks (in reality, private companies owned by a ruling elite), have reduced interest rates to close to zero in America and the UK – less than zero in Switzerland, Denmark and Sweden, where depositors are effectively paying banks to hold their deposits – in order to increase debt levels, i.e bank profits.

Global debt is now $57 trillion more than it was in 2008 (Mckinsey). All talk of debt reduction is political claptrap. Consumer debt still runs at historically high levels, and this does not include debt from unregistered sources, such as loan sharks.

In the UK, people have been enticed to take on 5% deposit mortgages, a further proportion of this debt being guaranteed by the government. One such mortgagee told me that he had borrowed his deposit, and had entered into an interest only repayment scheme – i.e. he will never own his house; it is a glorified form of renting. When asked what would happen if interest rates rose to 2%, which will inevitably happen, the Bank of England having already done a risk assessment of this scenario, he answered: “I’ll be floating down shit creek”.

Yet, those masters of fiscal probity, the Con-Lib government, proclaims such schemes assist young people to ‘get a foot on the property ladder’, which, in many cases, one estimate is 300,000, will be a ladder to foreclosure.

Never mind. The figures look good, especially before an election, and fat commissions have already been paid.

Yet, just as in 2008, a debt correction is inevitable. The value of debt will fall. Credit will stop. House prices will crash. People will hoard cash, and empty cash machines. Cash withdrawals will first be limited, then stopped. Cash only signs will be everywhere. Sellers will not trust that they will be paid.

As Jim Morrison wrote:

This is the end
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end

lenin nightingale 2015

Advertisements

About leninnightingale

A nurse who for decades challenged the nursing establishment, echoing the voices of the silent many- the downtrodden nurses, students, care assistants, patients, and relatives that the 'system' overlooks. This site will present issues that many fear to engage in, prefering to believe what they are told by the Government's 'Ministry of Truth' (i.e. 'Lies').
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

One Response to ECONOMIC ARMAGEDDON AND YOU

  1. The bankers will be screwed read why.
    This is the first blog it has 5 part in a sequential theme
    https://projectpsychoendoneuroimmunology.wordpress.com
    & this one is about Assertively TOTALLY CONTROLLING The Courts & health system Its the most dynamic approach for
    schizophrenia, bipolar, dual diagnosis ADHD, ADD Autism Tourettes, Aspergers http://wp.me/p68D88-5 & you could be
    compensated through lawyers even more awesome & this blog is excellent for references & its called
    allbrainsandballsofsteel the NEW WORLD ATTITUDE & http://wp.me/p68D88-3
    I can show you through Sequestration that the federal deficit will be 571 trillion dollar by 2037 that will surpass our
    economy (documents from very reliable agency’s) & truly create a world wide economic ramification because it will
    affect every where else in the world in so many ways.
    Which would turn current currency into toilet paper.
    Now do you think the Elite could survive & I mean truly survive in the long run they would be devastated & raped.
    What I can show that’s happening in the world are a lot of smoke screens.
    The big picture is that many governments are in Major trouble because of what I can expose (below).
    Have you ever though that the Elite is also being used as a smoke screen in ways .
    Don’t worry about a BIG Picture crock of shit hey & I’ll being showing everyone that all governments with long range
    thermo nuclear capabilities to be ALL PAPER TIGERS (Chenobyl is a excellent example of being uninhabitable for over 1
    million years).
    Read How Crime is Purposely being created How the 2nd Amendment Rights has been set-up to fall & the causes as to why
    the Government wants to eliminate firearms & this goes into National Security Terrorism & how I could have save
    all the lives of servicemen in Afghanistan & Iraq & even before 911 through my prototype.
    Above’s Issues of great concern & How 300+ Major topics in Health care deceptions all have in common & ALL FATAL
    & is the cause of Sequestration http://wp.me/p68DR9-3 “This will give US the forever leverage”
    MY LEGITIMACY IS VERY REAL I expose Buffer Organization in my Court cases as referenced in
    http://www.ipetitions.com/petition/super-petition-for-senator-patrick-leahy & children being misdiagnosed with
    having ADHD is at a 700 % increase my Court case exposes this with NAMI & Hawaii’s biggest law firm Alston Hunt Floyd
    & Ing Defended them against me a Pro Se litigant & NARPA MFI Bazelon center for Mental Health Law PsychRights
    Church of Scientology Citizens Commission of Human Rights & I got them & the Court aiding & abetting in
    Criminal Activity in Civil Court & I’ve taken Harvard Medical school, University of Pittsburgh Neuro science &
    Behavior, University of Iowa & Dr. Nancy C. Andreason (neurologist), & UCLA Semel Institute of Neuro science &
    behavior & about 50 other Defendants.
    The Courts eventually banned me from filing any Motion, Reply Memorandums & Even Objections My talking about my 1st
    Amendments Rights being violated not to mention so many others.
    OH by the way the Health system is EXPENDABLE in what they created & by how much that industry is making vs. a 571
    trillion dollar Federal Deficit by 2037 a very simple equation & I’ll prove there the #1 cause of Death.
    All we have left is another donkey president who serves two terms without killing the Health system & Sequestration
    will create world wide economic collapse & I’ve given this information to both the Democratic & Republican
    Party’s & how they addressed this issue wont be able to stop it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s