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The Destruction of the Middle Class is Nearing the Final Stages Dec 17 Posted by sierra2one .By: Tom Chatham The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed. At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that money if a banking crisis takes down the bank. The spending bill just passed by congress makes the American taxpayer responsible for any derivatives loses that banks may suffer. These derivative holders now have first priority when any funds are paid out and depositors are relegated to last place. FDIC insurance will have to pay out these funds but it has no where near enough money to pay the more than 300 trillion in losses that will be suffered in a banking crisis. That means any depositor has little hope of getting anything back. In order for depositors to get anything back massive money printing would have to take place making any payout amount to only pennies on the dollar. And if you don’t think there is any danger of a banking crisis in America you may want to keep in mind that the Treasury Dept. has recently ordered $200k worth of 72 hr emergency kits for dispersion to every major bank in America. These are known by many as bug-out-bags and are used to support individuals when disaster strikes and they have to care for themselves for the first few days of crisis. New legislation now gives pension plans the ability to cut benefits to pensioners in the future making the future welfare of these people uncertain. They say it is necessary to prevent these funds from going bankrupt. It will “apply to multi-employer pensions, where a group of businesses in the same industry join forces with unions to provide pension coverage for employees. The plans cover some 10 million U.S. workers,” You may be happy to know this will not affect congressional pensions, as long as they are funded by the taxpayers. The sanctions being placed on Russia are beginning to destabilize the world in many ways. The sudden drop in oil prices will send ripples through many foreign nations and cause an already tense situation to become highly flammable. It seems this is what is wanted to provoke a new world war and hide the complicity of bankers and politicians in the coming destruction of the economy. For the past few years those elite with knowledge of the coming monetary destruction have been putting their fiat dollars into any hard assets they can find. The recent record prices paid at auction for collectables is just one more indication that those in the know are moving into hard assets as fast as they can to preserve their wealth. This diversification includes precious metals and land as well. I believe when there are no more metals or suitable properties available for purchase, these entities in control of this game will pull the plug and let everything collapse. Those holding fiat paper, electrons or other paper promises will be devastated as those assets evaporate into thin air. You may feel some security knowing you have a good job but among the deposits that disappear will be billions in commercial accounts that belong to businesses. When these businesses lose this money, many will likely close destroying many jobs in the process. This will send ripples through the transportation, production and distribution system when it happens. In an economy made up of 70% consumer spending, this will be fast and devastating to those with few resources to fall back on when it happens. There are three lessons that many people will learn in the coming months. If you do not have it already you may not be able to get it. If you do not have it physically in your hands you do not own it. If you cannot protect it you will not have it for long. .Posted in Economics, Preparedness
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If anyone hears or sees the words, “armed Mexicans,” they immediately think of the violent members of the nations several drug cartels. But now there is another category making itself known in that country. According to the Washington Post: “Hundreds of armed vigilantes have taken control of a town on a major highway in the Pacific coast state of Guerrero, arresting local police officers and searching homes after a vigilante leader was killed. Several opened fire on a car of Mexican tourists headed to the beach for Easter week. Members of the area’s self-described “community police” say more than 1,500 members of the force were stopping traffic Wednesday at improvised checkpoints in the town of Tierra Colorado, which sits on the highway connecting Mexico City to Acapulco. They arrested 12 police and the former director of public security in the town after a leader of the state’s vigilante movement was slain on Monday.” I’m not going to endorse everything done by this group. For one thing, I’m not a fan or armed checkpoints and road blocks. On the other hand, I don’t think Mexicans have had much experience in their own country with such rights being honored by either the Mexican “authorities” or by the drug cartels. However, with all the journalists who are tortured to death, and the lack of protection provided by the official government of Mexico, I can’t condemn people for trying to protect themselves and restore law and order to their communities. If the state won’t or can’t protect them, from either the drug gangs or from the corrupt police who are more likely to work with the drug gangs, they have to protect themselves. And since this is an obvious example of the exercise of the common law principles that are behind our own Second Amendment, we can expect the American mainstream media to spin their story as negatively as they possibly can. But, as I read the story in the Washington Post, they look like they might be a credible group protecting their community: “‘We have besieged the municipality, because here criminals operate with impunity in broad daylight, in view of municipal authorities. We have detained the director of public security because he is involved with criminals and he knows who killed our commander,’ said Bruno Placido Valerio, a spokesman for the vigilante group. Placido said vigilantes had searched a number of homes in the town and seized drugs from some. They turned over the ex-security director and police officers to state prosecutors, who agreed to investigate their alleged ties to organized crime.” Time will tell how this will work out. Fewer than seventy years ago, some Americans returning home from World War II found themselves facing a situation when government had become criminal. This had gone on for years. Despite repeated complaints and requests for help, the broader levels of government never intervened to help the people. The veterans had to arm themselves and besiege a municipality. We now know of this event as the Battle of Athens. In 1946, returning veterans tried to run against a corrupt political/crime family that resorted to violence, plunder, intimidation, and election fraud to stay in power. On Election Day, the incumbent forces used violence and illegal arrests against anyone who asked to verify that the ballot box was empty before the voting began—a legal right in Tennessee. They eventually took the ballot boxes to the jail to count the votes, as they claimed. Not trusting them, the veterans armed themselves, and attacked the jail, opening fire. In the end they won entry to the jail, and retrieved the ballot boxes, finding most had been tampered with. By their actions, the veterans restored law and order to the community. I am hoping and praying that the communities and families of Mexico are able to do the same
