Tag Archives: america

Big Sis Refuses To Answer Congress On Bullet Purchases

By Steve Watson | Inforwars.com | On Thursday, March 21st, 2013

DHS staying mum as members probe for explanations

Speaking at CPAC with Infowars and We Are Change reporter, Luke Rudkowski, Congressman Timothy Huelscamp revealed this week that the Department of Homeland Security has refused to answer questions from “multiple” members of Congress regarding its recent purchase of huge amounts of weapons and ammunition.

“They have no answer for that question. They refuse to answer to answer that,” Huelscamp said.

“I’ve got a list of various questions of agencies about multiple things. Far from being the most transparent administration in the world, they are the most closed and opaque,” the Congressman added.

“They refuse to let us know what is going on, so I don’t really have an answer for that. Multiple members of Congress are asking those questions,” he added.

“It comes down to during the budget process, during the appropriations process, are we willing to hold DHS’s feet to the fire?”

“We’re going to find out… I say we don’t fund them ’til we get an answer. Those type of things really challenge Americans. They are worried about this administration,” Huelscamp urged.

Watch the clip below:

The Congressman’s comments come in the wake of a demand for answers from New Jersey Congressman Leonard Lance on the same subject.

“I would like a full explanation as to why that has been done and I have every confidence that the oversight committee ….should ask those questions,” said Lance, adding that he shared a belief, “that Congress has a responsibility to ask Secretary Napolitano as to exactly why these purchases have occurred.”

The DHS has purchased over 1.6 billion rounds of ammunition over the past year – enough to wage a 20 year plus war. Earlier this month, Forbes Magazine called for a “national conversation” on the matter.

During the CPAC interview, Congressman Huelscamp also spoke briefly about why he voted twice against the National Defense Authorization Act, stating that it was because of the lack of detail regarding the provision in the bill to allow for incarceration of Americans without due process.

“I think it’s something that is so Constitutionally suspect,” Huelscamp said. “It’s one of those things, if you’re not absolutely crystal clear on a Constitutional issue like that, we shouldn’t take those chances.”

“I gather there are folks on the other side who think they covered that. I just don’t think we did a good enough job,” the Congressman added. “And based on how hard it was for Senator Paul to get an answer out of the administration, very clearly we need to make it absolutely clear that there are Constitutional protections in this country.”

The Congressman also spoke with regards to the recent and ongoing furor over the Obama administration’s intentions for using drones domestically and it’s withholding of information on it’s overseas drone program.

“One of the difficulties I have as a member of Congress is the failure of this administration to provide information on what is actually going on,” Huelscamp said.

“When we take office we sign an oath to office, but we also sign a little card that says we have access to classified military intelligence, and I’ll just tell you, this administration and prior administrations are not very clear or transparent with the folks that actually control their budget.”

“Every member of Congress should know the answers to those questions, and whether or not they can share them,” the Congressman concluded.

Source: http://www.infowars.com/big-sis-refuses-to-answer-congress-on-ammo-purchases/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Is Government Security Is Just Another Kind Of Violence?

By Tyler Durden | From ZeroHedge.com | On Monday, December 24th, 2012

Obviously I don’t want to conflate complex issues of foreign policy and war with the Sandy Hook shooting, but it is important to make the broader point that our federal government has zero moral authority to legislate against violence. Furthermore, do we really want to live in a world of police checkpoints, surveillance cameras, metal detectors, X-ray scanners, and warrantless physical searches?

We see this culture in our airports: witness the shabby spectacle of once proud, happy Americans shuffling through long lines while uniformed TSA agents bark orders. This is the world of government provided “security,” a world far too many Americans now seem to accept or even endorse.

School shootings, no matter how horrific, do not justify creating an Orwellian surveillance state in America. Do we really believe government can provide total security? Do we want to involuntarily commit every disaffected, disturbed, or alienated person who fantasizes about violence? Or can we accept that liberty is more important than the illusion of state-provided security?

Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. We shouldn’t settle for substituting one type of violence for another. Government role is to protect liberty, not to pursue unobtainable safety.

This article was originally posted at http://www.zerohedge.com/?page=3&search_block_form=life

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Say Goodbye To The Good Life

By Michael | From TheEconomicCollapseBlog.com| On Monday, December 24th, 2012

Will this be the last normal holiday season that Americans ever experience?  To many Americans, such a notion would be absolutely inconceivable.  After all, in the affluent areas of the country restaurants and malls are absolutely packed.  Beautiful holiday decorations are seemingly everywhere this time of the year and children all over the United States are breathlessly awaiting the arrival of Santa Claus.  Even though poverty is exploding to unprecedented levels, most families will still have mountains of presents under their Christmas trees.  Of course a whole lot of those presents were purchased with credit cards, but people don’t like to talk about that.  It kind of spoils the illusion.  Sadly, the truth is that our entire economy is a giant illusion.  The extreme prosperity that we have been enjoying has been fueled by debt, and any future prosperity that we will experience is completely dependent on our ability to go into even more debt.  The total amount of debt in our economy is almost 10 times larger than it was just 30 years ago, but we don’t like to think about that too much.  Most Americans are way too busy living the good life to be bothered with “doom and gloom”.  Well, get ready to say goodbye to normal.  As history has shown us, no financial bubble lasts forever, and time is rapidly running out for us.

You know that the hour is late when even mainstream news sources start publishing articles with titles such as this: “Will 2013 Mark the Beginning of American Decline?

That article appeared on Bloomberg.com the other day, and it was written by Simon Johnson, a former chief economist at the International Monetary Fund.  He is convinced that a day of reckoning is coming for U.S. government finances, and he seems resigned to the fact that we will not be ready when that day arrives…

“Sooner or later, it will be America’s turn to fall out of favor with investors and to see its own interest rates rise. It is hard to know when that day will come, or precisely what pressures the country will face.

Let me only venture one forecast: We will not be ready.”

Other analysts are far more pessimistic.  For example, the following is what Gerald Celente said about the “bond bubble” during a recent interview with King World News

Eric King: “Gerald, I wanted to take a look at this upcoming issue you have coming out. (In here it says,) ‘Bonds Away! The bond bomb is ready to explode … threatening to make the real estate and dot-com bubbles, and even the Great Recession, look like market corrections.’ Can you talk about that?”

Celente: “Yes. This piece is being penned by Dr. Paul Craig Roberts, the former Assistant Treasury Secretary under Ronald Reagan. And he is convinced that the bond bubble is about to burst. This cannot continue to go on the way it is. Everyone knows that the whole game is rigged, and so is this….”

“The whole game is rigged. It’s ready to go down, and Dr. Paul Craig Roberts believes it’s ‘Bonds Away’ in 2013 as the bond bubble explodes and brings about a financial disaster even worse than the Great Depression.”

Eric King: “He’s saying here it’s a road to financial collapse that we are going to head down when this thing bursts.”

Celente: “It is. Because the whole world is being propped up by these phony bonds and it’s going to collapse. It has to happen. Interest rates are going to start going up, and when they do the bond bubble explodes. You cannot keep interest rates at zero for this amount of time and expect anything other than disaster to follow.”

For much more on all this, you can listen to another excellent interview with Gerald Celente right here.

Our politicians just assume that we will be able to borrow trillions upon trillions of dollars far into the future at super low interest rates, but that is a very dangerous assumption.

As I noted the other day, the average rate of interest on U.S. government debt was 2.534 percent at the end of November.  If that number just rose to where it was about a decade earlier we would be in a massive amount of trouble.

Back in the year 2000, the average rate of interest on U.S. government debt was 6.638 percent.  If we were at that level today, the U.S. government would be paying out more than a trillion dollars a year just in interest on the national debt.

But our politicians just keep borrowing and spending as if we could do this forever.

From the time that George Washington was inaugurated (1789) to the time that George W. Bush was inaugurated (2001), the U.S. government accumulated about 5.7 trillion dollars of debt.

During the first four years of the Obama administration, the U.S. government accumulated about 5.7 trillion dollars of debt.

How can anyone support this kind of insanity?

You can see an excellent video demonstrating the vastness of our national debt right here.  In the end, all of this debt will absolutely destroy the U.S. dollar, our economic system and the bright futures that our children and our grandchildren were supposed to have.

As if all of that was not enough to be concerned about, there is also the threat that Wall Street could implode at any time.  Most Americans have no idea that Wall Street has been transformed into the largest casino in the history of the world.  The “too big to fail” banks are the ringleaders, and the derivatives bubble hangs over our financial system like a “sword of Damocles” that could fall at virtually any moment.

Everything will remain fine as long as the spiral of derivatives that our bankers have constructed remains perfectly balanced.  But if something happens and it becomes unbalanced and starts to collapse, the consequences could be unlike anything we have ever seen before.

A recent Zero Hedge article entitled “1000x Systemic Leverage: $600 Trillion In Gross Derivatives ‘Backed’ By $600 Billion In Collateral” detailed how there is barely any collateral backing up the hundreds of trillions of dollars of derivatives that are out there…

But a bigger question is what is the actual collateral backing this gargantuan market which is about 10 times greater than the world’s combined GDP, because as the “derivative” name implies all this exposure is backed on some dedicated, real assets, somewhere. Luckily, the IMF recently released a discussion note titled “Shadow Banking: Economics and Policy” where quietly hidden in one of the appendices it answers precisely this critical question. The bottom line: $600 trillion in gross notional derivatives backed by a tiny $600 billion in real assets: a whopping 0.1% margin requirement! Surely nothing can possibly go wrong with this amount of unprecedented 1000x systemic leverage.

Our entire economy has become a giant pyramid of debt, risk and leverage.  At some point there is going to be a giant crash.  When that happens, people are going to become very desperate.

When people become very desperate, they often accept “solutions” that they were not willing to consider previously.

We need to learn some lessons from history.  This is exactly the kind of thing that happened back in the 1930s.

For example, an elderly woman named Kitty Werthmann is telling audiences what life was like in Austria back in the late 1930s…

“In 1938, Austria was in deep Depression. Nearly one-third of our workforce was unemployed. We had 25 percent inflation and 25 percent bank loan interest rates.”

“Farmers and business people were declaring bankruptcy daily. Young people were going from house to house begging for food. Not that they didn’t want to work; there simply weren’t any jobs.”

The Austrian people were really hurting and they were desperate for answers.  When Hitler came to them with “solutions”, they were ready to embrace him with open arms…

“We looked to our neighbor on the north, Germany, where Hitler had been in power since 1933.” she recalls. “We had been told that they didn’t have unemployment or crime, and they had a high standard of living.”

“Nothing was ever said about persecution of any group – Jewish or otherwise. We were led to believe that everyone in Germany was happy. We wanted the same way of life in Austria. We were promised that a vote for Hitler would mean the end of unemployment and help for the family. Hitler also said that businesses would be assisted, and farmers would get their farms back.”"Ninety-eight percent of the population voted to annex Austria to Germany and have Hitler for our ruler.”

“We were overjoyed,” remembers Kitty, “and for three days we danced in the streets and had candlelight parades. The new government opened up big field kitchens and everyone was fed.”

Sadly, America is already starting to go down the same path in many ways.  If you doubt this, you can read the rest of her account right here.

Right now, things are still relatively good in America.  Yes, there are a whole host of economic numbers that look really bad, but what we are experiencing right now is nothing compared to the horrific economic pain that is coming.

When our economy finally crashes, nobody is going to be able to press a button and restore things to how they were previously.  We will be told that we have to “adjust” and consider “new solutions” to our “new challenges”.  Someday we will look back on the good life that we were enjoying in 2010, 2011 and 2012 and wish that we could go back to those days.

So enjoy the relative peacefulness and prosperity of these times while you still can.  A horrific economic collapse is on the way, and once it strikes none of our lives will ever be the same.

This article was originally posted at http://theeconomiccollapseblog.com/archives/say-goodbye-to-the-good-life

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Richard Land on the Nation’s Spiritual Crisis…

By Billy Hallowell | From TheBlaze.com | On Friday, July 27th, 2012

Richard Land, president of The Ethics & Religious Liberty Commission of the Southern Baptist Convention

Richard Land, president of The Ethics & Religious Liberty Commission of the Southern Baptist Convention, told the audience at “Under God: Indivisible“ that America is ”at a fork in the road.”

Rather than facing a choice between going left or right, Land said that America is weighing a decision that will lead her to take an upward or a downward trajectory.

“If America dies, she’ll die from self-inflicted wounds,” he opened the speech, with the audience reluctantly agreeing. “We face a far greater peril from our own immorality and our own adultery than we ever faced from the British army or the German air force of the Japanese navy or the Soviet missile command.”

Land told the audience that the future of America depends upon “what the saved people do.” It is Christians, he said, who hold the responsibility to set the dangerous course the nation is taking back on track.

“[We face] a Titanic struggle between those who want to remake America and those who want to restore America,” Land continued. “There are some forks — once they’re taken, you can’t go back.”

The audience cheered his message on, as land reiterated the need for Christians to step up to the plate.

This article was originally posted at http://www.theblaze.com/stories/richard-land-on-the-nations-spiritual-crisis-if-america-dies-shell-die-from-self-inflicted-wounds/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Flags Of Our Forefathers: The Betsy Ross Flag

An accurate depiction of the Betsy Ross Flag

An accurate depiction of the Betsy Ross Flag

The Betsy Ross flag is an early design of the flag of the United States, popularly attributed to Betsy Ross, using the common motifs of alternating red-and-white striped field with five-pointed stars in a blue canton. The flag was designed during the American Revolution and features 13 stars to represent the original 13 colonies. The distinctive feature of the Ross flag is the arrangement of the stars in a circle.

Although the Betsy Ross story is accepted by most Americans, some flag historians and revisionists do not accept the Betsy Ross design as the first American flag. According to the traditional account, the original flag was made in June 1776, when a small committee— including George Washington, Robert Morris and relative George Ross— visited Betsy and discussed the need for a new American flag. Betsy accepted the job to manufacture the flag, altering the committee’s design by replacing the six-pointed stars with five-pointed stars.

While the Betsy Ross legend is questionable, the flag design is known to have been in use by 1777; Alfred B. Street described it at the surrender of General Burgoyne and understood the circle of stars to represent equality among the American states. It is one of the oldest versions of U.S. flags known to exist; while it is not the oldest surviving flag artifact in cloth form, its likeness appears on older physical relics, namely, the contemporary battlefield paintings by John Trumbull and Charles Willson Peale. They depict the circular star arrangement being flown from ship masts and many other places, and thus provide the first known historical documentation of the flag’s appearance.

The seal of the U.S. Department of Veterans Affairs uses the Betsy Ross flag to represent service to all veterans from the American Revolution to the present day.

The Betsy Ross design of 13-star US flags has been featured in many popular artworks (sometimes inaccurately, as in Washington Crossing the Delaware) and films, such as the 1960 version of Pollyanna. The flag continues to be one of the most popular symbols of the American Revolution.

Text source: Wikipedia.com

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Flags Of Our Forefathers: The Continental Flag

The Continental Flag

The Continental Flag

The Continental Flag is derived from a version of the British Red Ensign or Meteor Flag, but with a depiction of a green New England Pine tree over a white background substituted for the Union Flag in the canton.

On the nights of June 16th  and 17th, 1775, the Americans fortified Breed and Bunker Hills which overlooked Boston Harbor. Although they had not yet officially declared their independence, a fight for control of the hills became necessary. When the British advanced up the slope the next day, according to legend they saw a red flag, but we have no concrete knowledge of which American Flag was actually flown in this battle. John Trumbull, whose paintings of Revolutionary War scenes are quite famous, talked to eye-witnesses and his subsequent painting depicting the battle featured the Continental flag as shown here.

Many historians think the flag flown by the Americans during the Battle of Bunker Hill was the more common First New England Naval Ensign which featured red, white and blue horizontal stripes in place of the solid red field.

The Continental Flag was the third flag of New England, and is presently the civic flag of Lincoln County, Maine.

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Jim Rogers Warning: Riots Coming To America

From ETFDailyNews.com | On May 2nd, 2012

Commodities Investor Jim Rodgers

Commodities Investor Jim Rodgers

Speaking with the Wall Street Journal on Friday, commodities trader Jim Rogers of Rogers Holdings said riots such as the ones witnessed in Greece and reported as widespread in China will hit the United States and again in Europe as the next leg down in the financial crisis takes shape (after the election, he speculates in previous interviews).

“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.

“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window”

When asked about Bernanke’s credibility regarding his latest FOMC public statement, in which he said the Fed will be able to contain inflation, Rogers became noticeably irritated.

“Mr. Bernanke has zero credibility as far as I’m concerned.  The Federal Reserve has zero credibility,” Rogers said forcefully.   “Simon, go back at everything Mr. Bernanke has said in the last seven or eight years he’s been in Washington.  He’s never been right about anything.  The man has zero credibility for anyone who would take the time to look at his history.”

As far as further inflation down the road, Rogers stated inflation is already in the pipeline, and will manifest in higher commodities and consumer prices—of which, historically, have lagged money supply expansion by six months to one year.

As of the week ending Apr. 25, 2012, the Fed reported its balance sheet reached a total of $2.92 trillion, up from $2.71 trillion a year ago, and up from $920 billion in March 2008—well before the brunt of the financial crisis took its toll on markets later in 2008 and early 2009.

A tripling of the Fed’s balance sheet within fours years won’t be the extent of the damage to the Fed’s debt monetizing scheme and the value of the U.S. dollar, according to Rogers, who sees much more Fed money printing to come as well as consumer price inflation as a result.

“Absolutely, they’ve been printing staggering amounts of money; they’ve been taking staggering amounts of debt onto their balance sheet, much of it is garbage,” said Rogers.  “The federal government is spending huge amounts of money they have.  We have inflation in the U.S., and it’s going to get worse, Simon.”

Rogers said investors have it easier today than prior to the crisis.  It’s a heads-you-win, tails-you-win scenario.  The emergence of Asia as a source of consumption of raw materials and finished goods will exact pressure on harder-to-find natural resources.  If demand is crippled by the financial crisis, however, central banks will respond by debasing their respective currencies, forcing smart money into ‘things’ as a means of protecting wealth.

“In times of inflation . . . that’s put it this way, if the economy gets better there will be shortages of those raw materials and I’m going to make money,” Rogers explained.  “If the economy doesn’t get better Simon, they’re going to print a lot more money.  Mr. Bernanke doesn’t know anything else but to print money.  And throughout history when governments debase the currency, you protect yourself by owning real assets, whether it’s silver or rice, or whatever it happens to be.”

Rogers’ take on the most popular asset class among investors who follow the American expat who now lives in Singapore—gold—is that, he holds the precious metal (and by extension, silver) as a reliable means of storing value during a globally coordinated money-printing policies executed among the world’s major central banks.  He also discusses the virtues of owning oil as a play on ‘Peak Oil’ in addition to currency debasements.

“I own both [gold and oil] of them,” Rogers said.  “Gold has been up 11 years in a row which is extremely unusual for any asset.  It’s consolidating; it wouldn’t surprise me if it continued to consolidate.  If it goes down a lot more, I hope I buy a lot more.  I’m not selling my gold by any stretch of the imagination.”

Rogers added about oil, “The surprise with oil is going to be how high it stays and how high it goes.  Simon, the International Energy Agency (IEA) has done a study.  The world’s known reserves of oil are in steady decline.  We have to find a lot of oil or the price of oil is going to unheard of heights.”

This article was originally posted at http://etfdailynews.com/2012/05/02/jim-rogers-warning-riots-coming-to-america-gld-slv-tza-agq-sds/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

What Happened To My America?

Twenty five years ago, I could see a change coming in our political climate. Although being only 21 at the time, I was more worried about things like how I was going to pay the bills, work two jobs, and raise two boys. I wasn’t fully aware then about what was going on locally, state wide, nationally, or even across the globe. In the last 25 years I have seen many laws passed that chip away at our individual freedoms. The United States is NO longer the land of the free.

We have elected law makers who come up with legislation designed to “protect us” or to prevent citizens from offending some other culture or ethnic group living within our borders.

I remember saying the Lords Prayer, then The Pledge of Allegiance in grade school. The Lords Prayer in school is now long-gone, and now some public schools no longer allow the reciting of The Pledge.

I also remember getting to raise and lower the American Flag at school, and learning how to fold it the proper way.

I remember it being OK to display the Ten Commandments in our court houses, but now this actually offends people!

When dining in a restaurant, I remember being asked if I’d prefer smoking or nonsmoking. Now that has been banned in nearly all public places, and now our government is working on a law to ban you from smoking in your car. Next will likely be your own home!

In New York there is no salt on the tables in restaurants. Why? If I want it on my food it should be my choice!

I have to drive with my seat belt on, or risk getting a ticket. Why? If I chose not to protect myself and get hurt or die in a car crash, it should be my decision.

I feel we have way too many “law makers” creating legislation merely to justify their existence, or seemingly to curb the ignorance and stupidity of their constituents.

And mark my words, these people within our government want to dictate what car you drive, how many babies you can or should have. They want to take control over all your health care decisions.  At the rate they are going now, soon you may be unable to cross a county or state line without permission.

It’s past the time where WE THE PEOPLE need to wake up and pull this great nation of ours back from the edge of the destruction. it’s time to regain our personal freedoms.

I WANT MY AMERICA BACK!

PG
About The Author:

Plan For An Economic 9/11: Analysts Warn Americans…

By Mark Duell | From MailOnline | Feb 27th, 2012

Just when you thought unemployment was dropping and stock markets were surging back, these three analysts today sent out a stark warning to Americans to brace for another financial crash.

Trend forecaster Gerald Celente advises buying a gun to protect your family, stocking up on gold if the dollar crashes and planning a getaway, so it’s no shock he’s preparing for an ‘economic 9/11’.

Share prices and unemployment are posting their best figures in four years since the recession hit, but Mr Celente, along with authors Harry Dent and Robert Prechter, says the rebound won’t last.

All three were profiled in a USA Today feature on Monday. Mr Dent, who had The Great Crash Ahead published last September, believes stocks are simply experiencing an artificial short-term boost.

Mr Prechter, who had a new version of Conquer the Crash published in 2009, is fearful of today’s economic similarities to the Great Depression and says the brief recovery will fail like in the 1930s.

‘The economic recovery has been weak, so the next downturn should generate bad news in a big way,’ he told USA Today, saying the markets look ‘very bearish’ for the third time in 12 years.

Mr Celente, who works as an analyst at the Trends Research Institute, which he founded in Kingston, New York, has been doom-mongering for years – so his latest concerns are hardly surprising.

Harry Dent
Robert Prechter

But he told USA Today that a potential run on banks by savers could cause the government to invoke a national holiday and temporarily close them all, which happened during the Great Depression.

‘When money stops flowing to the man on the street, blood starts flowing in the street’

Gerald Celente, trend forecaster

It comes as billionaire Berkshire Hathaway chairman and CEO Warren Buffett today painted a happier picture of stocks, which he said are relatively cheap compared to other investments as the economy improves.

Meanwhile contracts to buy previously owned U.S. homes neared a two-year high in January in further evidence the housing market was slowly turning the corner, an industry group said today.

However oil prices have been spurred higher by worries over disruptions to Middle East supplies due to sanctions against Iran and expectations for greater demand from an improving U.S. economy.

Economic violence: Occupy Wall Street protesters clashed with riot police on many occasions last autumn, including in November after being ordered to leave their camp at Zuccotti Park in Manhattan, New York

But on the markets, the S&P 500 has risen nearly nine per cent so far this year and the Dow Jones is trading around the psychologically-important mark of 13,000. But the three experts aren’t happy.

Mr Prechter told USA Today both markets will crash back below their lows hit at the height of the financial crisis in March 2009. Unemployment fell last month to 8.3 per cent, a three-year low, and weekly jobless claims are at a four-year-low.

But Mr Dent believes that people will be left out of work again in 2013 or 2014 and U.S. markets will crash because central banks have been pumping so much money into markets that they are unrealistically strong.

The economy is proving to be the major issue in this autumn’s presidential election, with every Republican candidate berating President Barack Obama for his handling of the recession.

Mitt Romney said on Monday that his major rival Rick Santorum is ill-prepared to deal with the nation’s economic woes, calling his GOP rival a nice guy who never held a job in the private sector.

But Mr Santorum has mounted an unexpectedly strong challenge against Mr Romney ahead of the primary in Michigan tomorrow, despite accusations from his rival that he doesn’t know how to create jobs.

Mr Celente told USA Today that a higher unemployment rate will cause social unrest and there will be a growing rich-poor divide. This would no doubt help fuel movements such as Occupy Wall Street.

‘When money stops flowing to the man on the street, blood starts flowing in the street,’ he said.

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Gallery: Is America A Country In Decline?

America still battles evil that many of its citizens still do not understand.

America still battles evil that many of its citizens still do not understand.

A post-9/11 militarized New York Police Department

A post-9/11 militarized New York Police Department

Once thought ludicrous, groups like The Socialist Party USA now have a legitimate voice in America

PG
About The Author: Erica M. is the Managing Editor of Radical Survivalism Magazine.