Tag Archives: decline

Peter Schiff Warns Yellen’s Nomination Means Any QE Taper Expectations Are “Delusional”

By Peter Schiff via EuroPac.net | On October 9th, 2013

Janet Yellen

Now that Janet Yellen has been named to lead the Federal Reserve the global financial markets should factor out any possibility that the Fed will diminish their Quantitative easing program anytime during her tenure. In fact, financial forecasts should assume that not only is a taper off the table, but that the QE program is now more likely to be perpetuated and expanded.

Unlike her predecessors, Janet Yellen has never had a youthful dalliance with hawkish monetary ideas. Before taking charge of the Fed both Alan Greenspan, and to a lesser extent Ben Bernanke, had advocated for the benefits of a strong currency and low inflation and had warned of the dangers of overly accommodative policy and unnecessary stimulus. (Both largely abandoned these ideals once they took the reins of power, but their urge to stimulate may have been restrained by a vestigial bias against the excesses of Keynesianism). Janet Yellen, who has been on the liberal/dovish end of the monetary spectrum for her entire professional career, has no such baggage. As a result, we can expect her to never waver in her belief that stimulus is the answer to every economic question.

The Federal Reserve was originally charged with the single mandate of maintaining price stability. In recent decades that mission evolved into a dual mandate of seeking price stability and full employment. I believe that a Yellen led Fed will return once again to a single mandate, but now it will focus only on employment. Based on her clear beliefs in the ability of dovish monetary policy to relive human suffering she will be inclined to dig in her heels into the ongoing QE program more than anyone else President Obama may have appointed. This is terrible news for the U.S. dollar and the U.S. economy.

For now at least the crisis in Washington has squelched any immediate discussion of a taper in the remaining months of 2013. Any predictions that a Yellen-led Fed will somehow show more resolve towards responsibility in 2014 or 2015 should be looked at as delusional.

Peter David Schiff (born March 23, 1963) is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist[1] of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut, CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City, and CEO of Euro Pacific Bank Ltd., a full service bank based in St. Vincent and the Grenadines.

Schiff has appeared as a guest on financial television shows and been quoted in major print publications. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and internet radio[5] and was formerly host of an internet podcast called Wall Street Unspun now archived as podcasts. In 2010, Schiff ran in the Republican primary for the United States Senate seat in Connecticut, but lost to Linda McMahon.

Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies. Schiff also voices strong support for the Austrian School of economic thought, first introduced to him by his father.

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

The Decline Of Western Civilization Will Be Televised

Over the weekend I was watching the Boston police illegally enter homes and force innocent families out onto the street at gunpoint, all in the name of finding one 19 year old Muslim radical. There’s no use iterating how I feel about the events I saw, since unfortunately it seems very few people outside of the Prepper and Patriot communities seem to care about the sad state of our country anyway. For many, as long as Honey Boo Boo is being piped into the living room idiot box uninterrupted, most people are comfortably content with the decline of Western society.

But, over the weekend, Bostonians got a taste of what less than 50% of us voted for.  For those not in the know regarding current US politics, what we saw play out was actually the “hope and change” the President has been so excited to show us. I feel a great sadness for those families affected by the illegal activities of the Boston Police, knowing that a good number of the families affected were suddenly faced with the realization that the country they thought they lived in is actually nothing more than a romantic memory, a decrepit shade of its former self. That my friends is the honest truth.

I encourage anyone living in a city here in the US to move to rural surroundings, before this all gets exponentially worse.

Go America.

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

Warning: Exit The System… Or Else

I have stumbled upon this warning within the comments sections of a number of top news stories today. I’m not sure exactly who is responsible for posting this warning all around the internet, but it is an interesting write-up nonetheless. It took me a short while, but I finally did trace the source of the text to its online origin. Here it is, directly from the author himself… -Ed.

By Jim Sinclair | From Jim Sinclair’s MindSet | On Saturday, April 6th, 2013

Dear CIGAs,

You must now act to exit the system

Bail-in
(excerpt)

The US has already put in place bail-in-like powers as part of the Dodd-Frank financial reform act passed last year. The law includes a resolution scheme that gives regulators the ability to impose losses on bondholders while ensuring the critical parts of the bank can keep running.

Employees would be paid, the lights would stay on and derivatives contracts would not have to be instantly unwound.

Click here to read the full definition…

I have given my all to communicating the most important conclusions concerning your future financially and therefore on every level of life.

1. The operation to depress the gold price since the high was limited in time and is now behind us in terms of maximum pain for the bulls.

2. You must exit the system immediately because the Financial Nazis struck in Cyprus and now are moving directly towards you. This is simple fact, which if you ignore will be akin to the rise of the Nazis in Germany for those that knew they should, but never made the decision to leave that system.

The saddest fact is that many of you have thrown away your gold share and bullion insurances to the enriched Bankster bullies. You will now pay no attention to the need to exit the system. It is as if you are moths attracted to the flame of danger, and a sloth in that you are too lazy to take the actions required to protect yourselves. If you do not pay attention to this interview you are going to sacrifice all you have worked to accomplish in your lives. Most certainly those that are planning any form of retirement are right now dancing on the head of a needle.

Here are a few most important actions you, in my opinion, must take.

Government sponsored retirement tax preferential retirement programs must realize that one of the IMF plans in Cyprus was to nationalize all retirement programs. That means steal your retirement funds and assets, replacing them with some form of future paper assuming Cyprus returns to solvency.

You must, in my opinion, face whatever tax consequences there are and close your retirement programs. You are in clear and present danger of confiscation for questionable paper of whatever you hold in these type accounts. In a financial sense you are exactly what the ghettos in Germany and Poland were when they knew they should run but found any excuse possible not to do what was logically screaming at them to take action.

I am screaming at you from every pulpit I can find, with no personal benefit that you must take various actions and take them now. The fact the IMF, a major international body, had the audacity to demand that Cyprus nationalize all it pensioners and confiscate large percentages of the account values should be like a flashbulb going off in your eye to wake you from your sheeple slumber.

Bite the bullet.
Pay the tax.
Get your assets back.
Get out of the system.

The next action you must take is to get as far away from social media, and the use of credit cards for everything because you are painting a picture for the tax collectors that are going to go ballistic in their effort to collect your money from you in order to create revenue for governments going broke, or who are already hiding the fact they are broke.

It might take some effort, but stop your kids from informing the world of everything you and they have done on their social media. Computer based comparisons of family income to family activities will spur punitive audits when the apparent expenses are greater than the combined declared income.

The revenues services of every country are cranking up their computer search programs to grab information. You must stop so freely providing information, and maybe bragging on social media to make others think your lives are better than they really are. You must turn off the switch on your children use of social media if they are still under your authority. You must suggest to your emancipated children that they are foolish in informing the world of every little thing that do in search of 1000 friends on social media that would not really give a damn if they had a problem.

As an example of the new high tech snoops you are feeding with your credit cards and social media, research the following article.

IRS High-Tech Tools Track Your Digital Footprints – Yahoo! Finance

– Charting and analyzing social media such as Facebook
– Targeting audits by matching tax filings to social media or electronic payments
– Tracking individual Internet addresses and emailing patterns
– Sorting data in 32,000 categories of metadata and 1 million unique “attributes”
– Machine learning across “neural” networks
– Statistical and agent-based modeling
– Relationship analysis based on Social Security numbers and other personal identifiers

Click here to read the full article…

You must eliminate to the greatest degree possible all the agents between you and your assets.

There is no question that leaving assets in street name with your brokers and bankers is a financial death wish. The preferred way of holding shares of stocks has always been in your own name as physical certificates. The second best method, but much better than street name, is to hold your shares in Direct Registration. Do not expect your banks, brokers or companies you are invested in to make it easy to get out of their system. They will fight you all the way, but you have to insist on your rights regardless of their refusal or false dire warning of negative circumstances when you succeed in demanding your rights. Most of it exaggerations of what is really minutia when it comes to protecting yourselves.

Large credit balances in the form of banking accounts in CDs or in pure cash is now holding up a red blanket for the fighting confection bull of governments seeking your assets to hold off their financial collapse from their own spending sins of decades.

We can discuss in open forum, face to face or in writing later what to do with your assets but right now, as Braveheart cried, they must have FREEDOM from the system. There is much more that needs to be done, but what you have here is what should be called first priority. This should be viewed as call to action. I have not been too much off the mark on calling the developments not only of the past 12 years, but for the entirety of my successful career of more than 50 years in finance.

You ignore me at your own severe personal risk.

Source: http://www.jsmineset.com/2013/04/06/you-must-act-now/

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

So Much For Conspiracy Theories…

Biden: The ‘affirmative task’ before us is to ‘create a new world order’…

Vice President Joe Biden calls for the creation of a “new world order” at the Export Import Bank conference in Washington on April 5, 2013.

Video captured and uploaded by Nicholas Ballasy.

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

Stockton, CA, You’re Bankrupt!

By Diana Marcum | From LATimes.com | On Monday, April 1, 2013

Stockton bankruptcy can move forward, judge rules

Stockton bankruptcy

A pedestrian walks by a Stockton Record newspaper rack. (Justin Sullivan / Getty Images / June 27, 2012)

STOCKTON — A federal judge ruled Monday that Stockton is eligible for bankruptcy protection, over the objection of creditors who argued the city could come up with more money.

U.S. Bankruptcy Judge Christopher Klein said Stockton can move forward with a plan to reorganize debt. He twice stated that the creditors had acted in bad faith and had refused to pay their share of the costs for negotiations.

“The creditors got a big black eye today,” said Karol Denniston, an attorney who helped draft the legislation that guided Stockton’s mandated mediation before filing for bankruptcy protection. “Now the stage is set for the real dogfight.”

In late June, Stockton became the nation’s largest city to fail financially. At that time, all eyes were on the port city of 300,000 as experts warned the action could set off a string of similar filings among cash-strapped municipalities. Since then, a half-dozen cities have filed for Chapter 9 protection under the U.S. Bankruptcy Code, including the city of San Bernardino.

During the 90-day mediation period, Stockton’s creditors refused to negotiate unless the city cut payments to the state pension plan, CalPERS.

By law, the negotiations were confidential, but that detail emerged during the three-day trial that concluded last week.

Klein said the creditors could not legally walk away from the table, but he left the door open for CalPERS obligations to be part of negotiations in the coming phases of the bankruptcy.

At issue will be whether U.S. bankruptcy law trumps California law, which says the pension plan must be funded.

The $900 million Stockton owes to the California Public Employees Retirement System to cover pensions is its biggest debt -– as is the case with many cities in California.

Stockton slashed its police and fire departments, halted bond payments, cut employee benefits and adopted an emergency spending plan that cut many city services. But the city continues to pay into the state pension.

Stockton’s bankruptcy is expected to be closely watched for precedent, and could be appealed as high as the U.S. Supreme Court.


Source: http://www.latimes.com/local/lanow/la-me-ln-stockton-bankrupt-20130401,0,7979388.story

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

Citizens Of Cyprus: This Bailout Is Gonna Cost You…

Cyprus Works On Last-Minute Deal To Soften Bank Levy

By Michele Kambas |From Reuters.com | On Sunday, March 17th, 2013

(Reuters) – Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a government source said.

In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece.

The decision, announced on Saturday morning, stunned Cypriots and caused a run on cash points, most of which were depleted within hours. Electronic transfers were stopped.

The originally proposed levies on deposits are 9.9 percent for those exceeding 100,000 euros and 6.7 percent on anything below that.

The Cypriot government on Sunday discussed with lenders the possibility of changing the levy to 3.0 percent for deposits below 100,000 euros, and to 12.5 percent for above that sum, a source close to the consultations told Reuters on condition of anonymity.

The source said the discussions had the “blessing” of a troika of lenders from the European Commission, the IMF and the European Central Bank.

In Brussels, a spokesman for Olli Rehn, the European commissioner in charge of economic affairs, said discussions were still under way in Cyprus.

“If the Cypriot leaders agree on a more progressive scale for the one-off levy, in view of making it fairer for smaller savers and provided this would have the same financial impact, the Commission would be ready to recommend that the Eurogroup endorse such an agreement,” the spokesman said.

The move to take a percentage of deposits, which could raise almost 6 billion euros, must be ratified by parliament, where no party has a majority. If it fails to do so, President Nicos Anastasiades has warned, Cyprus’s two largest banks will collapse.

One bank, the Cyprus Popular Bank, could have its emergency liquidity assistance (ELA) funding from the European Central Bank cut by March 21.

A default in Cyprus could unravel investor confidence in the euro zone, undoing the improvements fostered by the European Central Bank’s promise last year to do whatever it takes to shore up the currency bloc.

A meeting of parliament scheduled for Sunday was postponed for a day to give more time for consultations and broker a deal, political sources said. The levy was scheduled to come into force on Tuesday, after a bank holiday on Monday.

BREAKS A TABOO

Making bank depositors bear some of the costs of a bailout had been taboo in Europe, but euro zone officials said it was the only way to salvage Cyprus’s financial sector.

European officials said it would not set a precedent.

In Spain, one of four other states getting euro zone help and seen as a possible candidate for a sovereign rescue, officials were quick to say Cyprus was a unique case. A Bank of Spain spokesman said there had been no sign of deposit flight.

But the chief of Greece’s main opposition, the anti-bailout Syriza party, Alexis Tsipras, blamed the move on German Chancellor Angela Merkel, according to Greek state news agency ANA.

“We must all together raise a shield to protect the peoples (of Europe) from Ms Merkel’s criminal strategy,” said Tsipras, who wants a pan-European debt conference to forgive debt.

The crisis is unprecedented in the history of the Mediterranean island, which suffered a war and ethnic split in 1974 in which a quarter of its population was internally displaced.

Anastasiades, elected only three weeks ago, said savers will be compensated by shares in banks guaranteed by future natural gas revenues.

Cyprus is expecting the results of an offshore appraisal drilling this year to confirm the island is sitting on vast amounts of natural gas worth billions.

In a televised address to the nation on Sunday, Anastasiades said he had to accept the tax in return for international aid, or else the island would have faced bankruptcy.

“The solution we concluded upon is not what we wanted, but is the least painful under the circumstances,” Anastasiades said.

With a gross domestic product of barely 0.2 percent of the bloc’s overall output, Cyprus applied for financial aid last June, but negotiations were stalled by the complexity of the deal and the reluctance of the island’s previous president to sign.

International Monetary Fund Managing Director Christine Lagarde, who attended the meeting, said she backed the deal and would ask the IMF board in Washington to contribute to the bailout.

RUSSIANS, EUROPEANS

According to a draft copy of legislation, failing to pay up would be a criminal offence liable to three years in jail or a 50,000 euro fine.

Those affected will include rich Russians with deposits in Cyprus and Europeans who have retired to the island, as well as Cypriots themselves.

“I’m furious,” said Chris Drake, a former Middle East correspondent for the BBC who lives in Cyprus. “There were plenty of opportunities to take our money out; we didn’t because we were promised it was a red line which would not be crossed.”

“I’ve lost several thousand,” he told Reuters.

British finance minister George Osborne told the BBC on Sunday that Britain would compensate its 3,500 military personnel based in Cyprus.

Anastasiades’ right-wing Democratic Rally party, with 20 seats in the 56-member parliament, needs the support of other factions for the vote to pass. It was unclear whether even his coalition partners, the Democratic Party, would fully support the levy.

Cyprus’s Communist party AKEL, accused of stalling on a bailout during its tenure in power until the end of February, would vote against the measure. The socialist Edek party called EU demands “absurd”.

“This is unacceptably unfair and we are against it,” said Adonis Yiangou of the Greens Party, the smallest in parliament but a potential swing vote.

Many Cypriots, having contributed to bailouts for Ireland, Portugal and Greece – Greece’s second bailout contributed to a debt restructuring that blew the 4.5 billion euro hole in Cyprus’s banking sector – are aghast at their treatment by Europe.

Cyprus received a “stab in the back” from its EU partners, the daily Phileleftheros said.

But it and another newspapers highlighted the danger of plunging the banking system into further turmoil if lawmakers sat on the fence.

“Even if the final agreement is wrong, if this is not approved by parliament the damage will be even greater,” Politis economics editor Demetris Georgiades said in an editorial.

Source: http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317

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

America: On The Brink Of Civil War?

Here’s a video summary of where many of us believe we are headed here in the U.S. as a nation.

Source: YouTube.com

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

7 Tips To Prepare For Hard Times

By Gaye Levy | From BackdoorSurvival.com | On Thursday, February 21st, 2013

Once you have been blogging for awhile, you begin to realize that bad news – and by bad news I mean the unthinkable – sells. Funny how that works but following a natural disaster or major world event, site visits go up – way up.  When my friend George at Urban Survival first told me this I was incredulous.  But sure enough, it is true.

On the other hand, there is no reason why we should not prepare for the unthinkable even during those times when things are status quo.  (And did you notice I did not say normal although the new normal is the status quo – as tough as it may be to stomach.)

Today I would like to share a list of tips for preparing for unthinkable hard times.  It is a quick and dirty list – things that come to mind here and now in the present moment.  I am sure there are others.

7 TIPS TO PREPARE FOR HARD TIMES

1.  Practice using less electricity – a lot less electricity

I just finished the audio book version of One Second After.  An EMP, coupled the the potential of a cyber attack, tell me that it is only prudent to get by with less reliance on the electrical grid.  For many, the problem of limited or non-existent electrical power can be mitigated by generators or solar power.  Generators are great as long as you have fuel and solar power will work if you have the money to set up a solar system plus, of course, an abundance of sun.

To me, the optimal solution is to try to get by with less electrical power.  That means less reliance on my two freezers full of food and more reliance on bulk foods and freeze-dried meals.  It also means lots of batteries and some wind-up devices.

Lots of Batteries

Plan on Having Lots of Spare Batteries in all Sizes

2.  Maintain a survival library and a survival notebook

The time may come when your online resources may no longer be available.  Perhaps, as mentioned above, the grid may be down.  Or perhaps the internet will be censored with survival and preparedness sites blocked.  It could happen, you know.

Accumulate some preparedness books in print form and maintain your own survival notebook in a three ring binder.  Don’t overlook free resources that may be available from your local county or state emergency management department.  Even FEMA has some good stuff in printed form (see Free for You: The “Are You Ready Guide to Preparedness”.

3.  Make learning a habit

Set aside a brief period each week to either learn a new skill or practice becoming more proficient at a skill you already possess.  Better yet, take some time – even a few minutes – each day to find a new trick or tip to add to your survival notebook.

Amazon frequently offers free e-books on a variety of topics.  These books are typically only available for one to five days and are a great way to learn something new.  Sure, they may not be available if the power is out but if the goal is to learn from them, take notes and put what you learn into action now rather than later.

One of the most important things you can do now to prepare for a crisis or disaster is to always be learning.

Side note: On most days I post a link of two to relevant free e-book over on my Facebook page.

Vertical Garden in Shoe Pockets

Try vertical gardening – you do not need a lot of space for herbs & greens

4.  Grow food

Growing your own food can be so rewarding that I just can not fathom even the smallest apartment dweller not growing at least a pot full of herbs on their window sill.  There is something magical about popping a few seeds in a pot and watching them sprout and grow into something that is actually edible.

Beyond the window sill garden, there is the container garden, bucket garden, square foot garden, vertical garden, raised bed garden and the mini-farm.  No matter how difficult it may seem, check out some videos on YouTube or books from your local library and start growing some food this spring.

5.  Acknowledge that there will be fear and panic

Those of you that have experienced a disaster, poor health, job loss, or civil disobedience and war will understand that fear and panic are inevitable.  Realize that in the case of a disaster, there is not a darn thing you can do other than recover.  Plan for the worst and hope for the best.  A cliché, I know. But that is the truth.

Other woes such as poor health, los of a job or a financial meltdown are a bit more difficult to deal with.  Questions such as how will you cope and how will you live will cross your mind as you stay up nights wondering what you could have done to mitigate the situation in the first place.

Acknowledge now that there will be fear and panic and realize this is WHY you prep.  Prepping is the insurance policy that will help see you through hard times.

6.  Embrace companionship and love

Not to get dopey, but life is more robust when you have someone to hug.  I like to say “hug the ones you love, and love the ones you hug.”

I would also like to suggest that you share a modest portion of your bounty with your less fortunate or elderly neighbors.  I would also like to suggest that you share your kindness when kindness is shared with you in turn. Life is precious and at the end of our time, it won’t be the fancy cars, the elaborate home, or the diamond rings that count. It is will the feeling of peace knowing that you have lived well with love in your soul and compassion in your heart.

7.  Maintain your faith

If you are a religious person, find comfort in your faith.  And if not, embrace your inner strength and have faith in yourself and in the miracle of your life.  Hold this faith near to your heart – when hard times come, it may be all that you have left.

THE FINAL WORD

Coping skills when the SHTF will be easier said than done.

Being realistic, it is difficult to predict what will happen and how we will react as individuals if and when we are faced with extremely hard times.  For whatever reason – a disaster or personal crisis – we will each have to deal with situations that are foreign and unpleasant.  Having the food, water, gear and the other tools of the prepping trade will help, but I can’t help but think that there are many other things that can be done now to prepare for the worst.

I encourage you to embrace the less tangible aspects of preparedness and consider events of the day a wake up call advising you to get on with life in the best and most human way possible.

Enjoy your next adventure through common sense and thoughtful preparation!

Gaye

Source: http://www.backdoorsurvival.com/7-tips-to-prepare-for-hard-times/

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

20 Signs That The U.S. Economy Is Heading For Big Trouble

By Michael Snyder | From BlacklistedNews.com | On Thursday, February 21st, 2013

Is the U.S. economy about to experience a major downturn? Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now. Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the “sequester” threatens to give the American people their first significant opportunity to experience what “austerity” tastes like. Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now. In many ways, what we are going through right now feels very similar to 2008 before the crash happened. Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality. When the stock market did finally catch up with reality, it happened very, very rapidly. Sadly, most people do not appear to have learned any lessons from the crisis of 2008. Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever. As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed. In the end, we will pay a great price for our overconfidence and our recklessness.

So what will the rest of 2013 bring?

Hopefully the economy will remain stable for as long as possible, but right now things do not look particularly promising.

The following are 20 signs that the U.S. economy is heading for big trouble in the months ahead…

#1 Freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

#2 The average price of a gallon of gasoline has risen by more than 50 cents over the past two months. This is making things tougher on our economy, because nearly every form of economic activity involves moving people or goods around.

#3 Reader’s Digest, once one of the most popular magazines in the world, has filed for bankruptcy.

#4 Atlantic City’s newest casino, Revel, has just filed for bankruptcy. It had been hoped that Revel would help lead a turnaround for Atlantic City.

#5 A state-appointed review board has determined that there is “no satisfactory plan” to solve Detroit’s financial emergency, and many believe that bankruptcy is imminent. If Detroit does declare bankruptcy, it will be the largest municipal bankruptcy in U.S. history.

#6 David Gallagher, the CEO of Town Sports International, recently said that his company is struggling right now because consumers simply do not have as much disposable income anymore…

“As we moved into January membership trends were tracking to expectations in the first half of the month, but fell off track and did not meet our expectations in the second half of the month. We believe the driver of this was the rapid decline in consumer sentiment that has been reported and is connected to the reduction in net pay consumers earn given the changes in tax rates that went into effect in January.”

#7 According to the Conference Board, consumer confidence in the U.S. has hit its lowest level in more than a year.

#8 Sales of the Apple iPhone have been slower than projected, and as a result Chinese manufacturing giant FoxConn has instituted a hiring freeze. The following is from a CNET report that was posted on Wednesday…

The Financial Times noted that it was the first time since a 2009 downturn that the company opted to halt hiring in all of its facilities across the country. The publication talked to multiple recruiters.

The actions taken by Foxconn fuel the concern over the perceived weakened demand for the iPhone 5 and slumping sentiment around Apple in general, with production activity a leading indicator of interest in the product.

#9 In 2012, global cell phone sales posted their first decline since the end of the last recession.

#10 We appear to be in the midst of a “retail apocalypse”. It is being projected that Sears, J.C. Penney, Best Buy and RadioShack will also close hundreds of stores by the end of 2013.

#11 An internal memo authored by a Wal-Mart executive that was recently leaked to the press said that February sales were a “total disaster” and that the beginning of February was the “worst start to a month I have seen in my ~7 years with the company.”

#12 If Congress does not do anything and “sequestration” goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

#13 Barack Obama is admitting that the “sequester” could have a crippling impact on the U.S. economy. The following is from a recent CNBC article…

Obama cautioned that if the $85 billion in immediate cuts — known as the sequester — occur, the full range of government would feel the effects. Among those he listed: furloughed FBI agents, reductions in spending for communities to pay police and fire personnel and teachers, and decreased ability to respond to threats around the world.

He said the consequences would be felt across the economy.

“People will lose their jobs,” he said. “The unemployment rate might tick up again.”

#14 If the “sequester” is allowed to go into effect, the CBO is projecting that it will cause U.S. GDP growth to go down by at least 0.6 percent and that it will “reduce job growth by 750,000 jobs”.

#15 According to a recent Gallup survey, 65 percent of all Americans believe that 2013 will be a year of “economic difficulty”, and 50 percent of all Americans believe that the “best days” of America are now in the past.

#16 U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012. This was the first GDP contraction that the official numbers have shown in more than three years.

#17 For the entire year of 2012, U.S. GDP growth was only about 1.5 percent. According to Art Cashin, every time GDP growth has fallen this low for an entire year, the U.S. economy has always ended up going into a recession.

#18 The global economy overall is really starting to slow down…

The world’s richest countries saw their economies contract for the first time in almost four years during the final three months of 2012, the Organisation for Economic Co-operation and Development said.

The Paris-based thinktank said gross domestic product across its 34 member states fell by 0.2% – breaking a period of rising activity stretching back to a 2.3% slump in output in the first quarter of 2009.

All the major economies of the OECD – the US, Japan, Germany, France, Italy and the UK – have already reported falls in output at the end of 2012, with the thinktank noting that the steepest declines had been seen in the European Union, where GDP fell by 0.5%. Canada is the only member of the G7 currently on course to register an increase in national output.

#19 Corporate insiders are dumping enormous amounts of stock right now. Do they know something that we don’t?

#20 Even some of the biggest names on Wall Street are warning that we are heading for an economic collapse. For example, Seth Klarman, one of the most respected investors on Wall Street, said in his year-end letter that the collapse of the U.S. financial system could happen at any time…

“Investing today may well be harder than it has been at any time in our three decades of existence,” writes Seth Klarman in his year-end letter. The Fed’s “relentless interventions and manipulations” have left few purchase targets for Baupost, he laments. “(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors.”

So what do you think is going to happen to the U.S. economy in the months ahead?

Please feel free to express your opinion by leaving a comment below…

This article was originally posted at http://www.blacklistednews.com/20_Signs_That_The_U.S._Economy_Is_Heading_For_Big_Trouble_In_The_Months_Ahead/24357/0/0/0/Y/M.html

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

Prominent U.S. Scientists Call For Eco-Dictatorship Under UN Rule

By Jurriaan Maessen | From BlackListedNews.com | On Thursday, February 21st, 2013

Upcoming Scientific Publication: “(…) governments can and even should move beyond existent levels of public permission in order to shift norms, allowing public sentiment to later catch up with the regulation.”

In a peer-reviewed paper by the American Institute of Biological Sciences titled “Social Norms and Global Environmental Challenges” (available ahead of print), to be published in the march 2013 edition of the Institute’s yearly journal BioScience, a group of well-known scientists calls on government and scientists to start with the planned social engineering of “norms” and “values” in regards to environmental policies. In addition, they propose putting into effect all sorts of environmental fines and regulations in the spirit of Agenda 21 to hasten the social acceptance of increased governmental control. Also, they propose that the scientific community as a whole should align itself with government “through a concerted effort to change personal and social norms”.

The group of scientists involved in the upcoming publication include two Nobel Prize winners, economist Kenneth Arrow and political scientist Elinor Ostrom, as well as behavioral scientists, mathematicians, biologists- not to mention population scientists, the most well-known of whom are Paul Ehrlich and Gretchen C. Daily- whose professional relationship dates back to the Ecoscience days. The authors start out by stating:

“Some have argued that progress on these (global environmental) problems can be made only through a concerted effort to change personal and social norms. They contend that we must, through education and persuasion, ensure that certain behaviors (…) become ingrained as a matter of personal ethics.” Stating that education and persuasion are insufficient to accomplish behavioral changes, they note:

“Substantial numbers of people will have to alter their existing behaviors to address this new class of global environmental problems. Alternative approaches are needed when education and persuasion alone are insufficient. Policy instruments such as penalties, regulations, and incentives may therefore be required to achieve significant behavior modification.”

Proposing that “effective policies (…) are ones that induce both short-term changes in behavior and longer-term changes in social norms”, the collection of prominent scientists assert that “government is uniquely obligated to locate the common good and formulate its policies accordingly.”

The upcoming report however stresses that scientists are given the tools to have a hand in “government policies intended to alter choices and behaviors” such as “active norm management, changing the conditions influencing behaviors, financial interventions, and regulatory measures.”

Each of these policy instruments potentially influences personal and social norms in different ways and through different mechanisms. Each also carries the danger of backfiring, which is often called a boomerang effect in the literature—eroding compliance and reducing the prevalence of the desired behaviors and the social norms that support those behaviors”.

“Eroding compliance”, it is called. Anticipating that an increase in regulatory interventions by government are sure to create resistance among the target population, the scientists express confidence that their recommendations “can be carried out in a way that abides by the principles of representative democracy, including transparency, fairness, and accountability.”

Despite these on-the-surface soothing words, the authors stress that government (and the scientific community) should ultimately “move beyond” public consent when it comes to top-down regulations imposed on the American people:

“Some have argued that regulations are inherently coercive and cannot or should not exceed implied levels of public permission for such regulations. An alternative viewpoint is that governments can and even should move beyond existent levels of public permission in order to shift norms, allowing public sentiment to later catch up with the regulation”.

By admitting they are willing to “move beyond existent levels of public permission” to push ahead with draconian environmental policies, these prominent scientists (among whom we find two Nobel laureates and one Paul Ehrlich) have proven their willingness to deceive the American population for their “environmental” control model. As Aaron Dykes put it while interviewing Lord Christopher Monckton,, the environmental “cause” is nothing more than “an absolute valued pretext for their absolute control model”.

The engineering of public “norms” serves not so much any environmental cause, but another one, namely that environmental policies, even draconian ones, will finally be perceived by the US population as being consistent with their own personal norms.

The way in which government may go about it shifting norms, the scientists argue, is by on the one hand “managing norms” through “such things as advertising campaigns, information blitzes, or appeals from respected figures”. The other aspect involved is the use of financial incentives and disincentives with the aim of conditioning the public to accept an increasing governmental control over personal behavior. The paper continues by saying that the best way to alter existing behaviors is through persuasive government regulations “such as penalties, regulations, and incentives” in order to “achieve significant behavior modification.”

“Fines can (…) be an effective way to alter behavior, in part because they (like social norm management) signal the seriousness with which society treats the issue.”

By extension, the authors express hope that behaviors and values will “coevolve” alongside increased government control in the form of state regulations and “fines”:

“A carbon tax might (…) prove effective even in the face of near-term opposition. What needs to be assessed is the possibility that behaviors and values would coevolve in such a way that a carbon tax—or other policy instrument that raises prices, such as a cap-and-trade system—ultimately comes to be seen as worthy, which would therefore allow for its long-term effectiveness”

In the context of this idea that shifting norms will “coevolve” alongside increased government regulations, the authors state:

“Each of the government interventions can influence both personal and social norms, although they do so through different mechanisms. Only social norm management directly targets norms. Choice architecture, financial instruments, and regulations can all alter social norms by causing people to first change their behaviors and then shift their beliefs to conform to those behaviors.”

In other words: the scientists propose arousing the concept of cognitive dissonance in the minds of people in order to guide the herd towards “proenvironmental” citizenship.

“When it comes to environmental issues”, the scientists write, “two different types of social norms are at play in these dynamics: social norms of conformity or cooperation and proenvironment social norms. Only the first type need be present to induce proenvironment behaviors (although proenvironment personal norms may emerge from this through, e.g., cognitive dissonance, experience, or associating the positive feeling from social approval for an act with the act itself).”

In the upcoming publication the concepts of peer-pressure and cognitive dissonance are being brought into the equation as effective norm-determining factors:

“(…) norms of conformity and cooperation are far more universal than are proenvironment norms and are therefore far more powerful in inducing proenvironment behaviors that do not conflict with preexisting values or preferences. In other words, proenvironment values are not a necessary prerequisite to proenvironment behaviors.”

While the authors express their hope that government expands control through all kinds of environmental regulations, they argue that scientists (especially life scientists) should align with big government, join forces in an unrelenting campaign to gradually create changes in behavior so environmental policies will be more easily accepted over the course of some time.

“Life scientists could make fundamental contributions to this agenda through targeted research on the emergence of social norms”, the group asserts.

“(…) many of the empirical studies cited in this article originate in law, psychology, economics, behavioral economics, anthropology, political science, and sociology. We know, for example, that the effective management of any commons requires sensitivity to local conditions, sound monitoring, graduated sanctions, and conflict-resolution mechanisms.”

Who better to guide the sheep towards “good environmental citizenship” than those scientists specialized in social engineering:

“Life scientists have a role to play in this by extending their existing theoretical analyses. To be effective, scholars of all stripes will have to extend their capacity to collaborate with decision- and policymakers in order to ensure realism and relevance.”

The scientists would, in such an environmental dictatorship, also have a monitoring capacity:

“Scientists could (…) effectively examine how combinations of different policy interventions and of the relative timing of deployment play out.”

The paper is concluded with three distinct recommendations to both scientists and governmental agencies:

“(1) the greater inclusion of social and behavioral scientists in periodic environmental policy assessments; (2) the establishment of teams of scholars and policymakers that can assess, on policy-relevant timescales, the short- and long-term efficiency of policy interventions; and (3) the alteration of academic norms to allow more progress on these issues.”

This entire publication is a clear and unmistakable sign that a scientific dictatorship is emerging under the pretext of environmentalism. More government control through regulations and fines combined with a proactive scientific community, brainwashing people into accepting this increasing governmental control where they would otherwise reject it. And guess who should be the coordinating body of this scientific dictatorship, according to the report:

“Teams might be supported by permanent entities that maintain communication with policymakers; these will differ among nations but could be attached to the United Nations and its subsidiary bodies in the international context. One potential model is a national commitment of scientific talent in the service of United Nations agencies.”

The United Nations. Of course!

“These teams could also be charged with anticipating crises and evaluating potential policy responses in advance, since detailed evaluation in the midst of a crisis may be problematic; such emergency preparedness would probably focus on the immediate effects of policies on behaviors rather than on changing social norms, because this is likely to be of greatest relevance in a crisis.”

All this talk of putting the UN behind the steering wheel of American government and the American scientific community points to the coming of age of the dreaded scientific dictatorship, against which many observers have warned us.

Source: http://www.blacklistednews.com/Prominent_American_Scientists_Call_For_Eco-Dictatorship_Under_UN_Rule/24367/0/0/0/Y/M.html

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