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The Greater Depression

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Wade Hampton III

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Re: The Greater Depression

PostSun Dec 07, 2014 11:29 pm

The problem is far worse. At least in the '30s the North American population was primarily
homogeneous. Today the entire continent is being torn apart by every possible combination
of Mulattoes, Quadroons, Octoroons, and an incredible portion of those whose racial background
is uncertain.

Tom Chittum certainly knew what he was talking about as far back as the '90s:

http://www.amfirstbooks.com/IntroPages/ ... Index.html
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Wade Hampton III

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Re: The Greater Depression

PostSat Mar 03, 2018 11:22 pm

Marcus Troyka posted...

DepressionII?

Most definitely. In fact we’re already well on our way there. To understand why you
first have to understand how the original Great Depression occurred. Before 1913 the
US was on the gold standard. Banks would take your gold and give you bank notes in
return. If you put your money in a savings account they would create bank notes from
that and lend it out or invest it in the stock market, paying you interest in return.

Then the Federal Reserve was created. The Federal Reserve is a banking cartel. They
said to the banks, “now you can lend out as many bank notes as you want, we’ve got
your back”. At first the banks were wary of doing anything risky. To a banker their
bank is their life, and if it goes in the toilet they’d find themselves shirtless
and living in a homeless shelter somewhere. However starting around 1920 the banks
began to take the bait. They started creating bank notes for gold that they didn’t
actually have, and lending them out and investing them in the stock market.

This drove up stock prices greatly. Everyone rejoiced at how great the economy was
and how a new age of permanent prosperity was upon them. Everyone could get cheap
credit and use it to buy superfluous junk. However the banks also had to pay back
their depositors the gold that was lent to them. Every bank note they printed that
wasn’t backed by gold was thus leverage, or in other words ‘borrowed’ money. The
more leverage the banks took on the fewer the losses it would take to wipe out their
entire store of real gold, and many banks had insane leverage ratios. The more
leverage they racked up the more cautious they became about adding more leverage.

And then stocks began to falter. As banks became more cautious the relentless upward
drive of stock prices came to a halt. Then they started to fall. For the most heavily
leveraged banks that was all it took to cause them to go bankrupt, and when they went
bankrupt they had to sell off all their assets to pay their debts. The selloffs of
course drove prices further downward, forcing other banks to fold in a chain reaction
all the way to the bottom. Now at that point they should have just been honest and cut
their losses. In other words, they should have admitted that they didn’t have the gold
that they were pretending to have, and just redeemed their notes based on the amount
of gold that the actually had. However that’s not what they did. Instead, under the
misguidance of Hoover, they tried to reclaim as many bank notes as they could to try
to restore the original value. This only served to make things worse. Since money kept
being pulled out of the economy prices couldn’t stabilize and businesses were unable
to recover. Then Roosevelt came along and took advantage of this to blame the Federal
Reserve for not printing enough money to deal with the crisis! By diverting people’s
attention from the real cause of the Depression he managed to ensure that the same
crooked practices that caused it would not only be repeated again, but even be
encouraged by the very people who were robbed by them.

Fast forward a couple of decades...

In 1971 the US dropped the gold standard completely. People had long since forgotten
why they needed it in the first place. Now the banks can create as much money as they
want, with the Federal Reserve backing them up with their crooked schemes. Stock
prices get driven up to bizarro world levels, people are burdened with huge amounts
of debt that’s issued using money that the banks don’t actually have, and thanks to
all of this it’s no longer possible for a family to survive on a single paycheck
anymore. We’ve already seen numerous economic bubbles and crashes, in 1987, in 2001,
in 2008, and now in 2018, with each crisis being worse than the one before it. Also
thanks to the money-printing madness, Corporations in the 80s went on a rampage buying
out other corporations (using borrowed money, of course) until only a handful of
corporations now own virtually the entire US economy. Money is funneled out of the
hands of the lower and middle classes and into the hands of the rich, government
sponsored monopolists, who thanks to the mega-corporations can freely buy all of
the politicians before the voters even cast a ballot. It’s also given the government
an excuse to raise taxes. The government taxes more things and at a higher rate than
it ever did prior to 1913. The income tax didn’t even exist before then. The government
spends over 60% of its budget on social welfare programs that nobody even needed before
the Great Depression, and does so through deficit spending putting the country into debt
far beyond what it can ever actually pay back. Social security and government pensions
are a complete scam. Those programs take the money that’s paid into them and spend it
immediately. They replace it with treasury bonds, mere IOUs that the government makes
to itself and which can only be paid through future taxes, at a time when the government
is spending more money than it collects. The scheme is literally funded by less than
nothing. Neither democracy nor capitalism truly exist in the US anymore thanks to all
of this. People are getting poorer by the day and pointing their fingers at all the
wrong places looking for the cause, and voting for all the wrong solutions, which in
reality will only make them poorer.

In short, the future of the US looks like this:
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Jim Mathias

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Re: The Greater Depression

PostSun Mar 04, 2018 1:27 am

I've read Thomas Chittum's Civil War 2 and believe it to be thought-provoking and had a somewhat realistic assessment of how the future in America could unfold.

But while each of us has life and breath in us we have our destiny in our hands. Everyday is a good day to act upon it, as Cosmotheists should--come what may.
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Wade Hampton III

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Re: The Greater Depression

PostTue Sep 25, 2018 10:40 pm

Jim Mathias wrote:I've read Thomas Chittum's Civil War 2 and believe it to be thought-provoking and had a somewhat realistic assessment of how the future in America could unfold.


A question from the Web....

What will happen to my 401k and social security if US economy collapses?

This is the big question. Are we talking about a 1930's style depression?
Are we talking about complete destruction of the economy perhaps like Germany
after WW1 and WW2, hyperinflation? All of these lead to different outcomes.

What will happen to the 401K?

It depends on what the fund is invested in and what type of collapse we get.

Should the fund be invested in gold, or US Treasury bonds and we have a major
recession like the 1930's. Then the money is quite safe. But if we get
hyperinflation then the money is gone (except for the gold). If the fund
is in bonds and cash, and the economy drops (no inflation) there may be some
losses as companies default on bonds, but some value should be retained. As
the economy recovers the value of the fund will return to normal as the flight
to safety (US Federal bonds) ends. Should the fund be invested in shares and
there is hyperinflation, there will be a race to invest money into shares as
they will hold their value to inflation. Want proof - the former White nation
of Rhodesia:
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[While markets across the world have been crashing, the Zimbabwe Stock Exchange
has being seeing record gains as citizens turn to equities to protect their
money from the country's hyperinflation. The benchmark Industrial Index soared
257 percent on Tuesday up from a previous one day record of 241 percent on Monday
with some companies seeing share prices increase by up to 3,500 percent. "Why
leave money in the bank?" asked Emmanuel Munyukwi, chief executive of the Zimbabwe
Stock Exchange at a seminar on the doing business in Zimbabwe on Tuesday. "People
are forced to come on the stock market. They believe that after hard currency,
the stock market is the only viable option where you can get a bit of a return,"
he said.]

But of course the vehicle holding the assets must still remain intact. If rule
of law ends, or the economy is destroyed, or the assets seized then your 401K
may be as good as gone. In addition there is nothing stopping the state (aka
the Jews) raising taxes on 401K's (they introduced a pension levy in Ireland).
And you may raid your own 401 to pay the bills. So TLDR: Bonds do bad in
inflation, stocks do better. In a depression bonds do better (treasuries do
even better), and stocks are a loss. In a complete collapse (i.e. war) all bets
are off.

What about social security?

What about losing the next election? Old people vote, and old people know lots
of younger people. Social security in the USA was introduced during a depression.
Thus there will always be some form of social security? However if there is
major inflation then the payments are worthless. And if there is major deflation
from a recession, then there will be pressure to reduce costs. Thus during a
recession some cost cutting measures may be:

Means testing
Raising the age of eligibility
Reducing the rate.
Raising taxes.
Medicare co payments.

Of course should there be a war or complete destruction (i.e. like Syria)
then all bets are off, Washington may be happy to pay the pension, but may
not be able to pay it due to problems... That said Greece opened banks to
allow pensioners to get their money out. Things get more complicated if
there is a major crisis on. Say a major war or demands for resources, or
an IMF bailout. Your pension may be needed for the war effort. TLDR: It
is not going to go away, but may be reduced in value by inflation or means
testing, or other cuts. The questioner could look at what happened to
countries with major economic collapses, Argentina where the currency was
devalued and exchange controls introduced, or Greece where the banks shut
until a deal was done.

Keep on asking questions.
*
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Jim Mathias

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Re: The Greater Depression

PostTue Sep 25, 2018 11:53 pm

Wade, I have a question or three for you or anyone:

What's the value of an ounce of gold in Zimbabwe held by a White man in a sea of Blacks? Who would he sell it to? If news got out that he was known to have that gold, would it be worth his life? Let's say the White man actually sold his gold for Zimbabwe paper, he would be considered as "loaded" with wealth now, right? Will this jeopardize his personal safety? Ok, let's say he can conduct himself in safety in the sea of Blacks. When he goes to market to buy some Zimbabwe grown/raised food and can't find any for sale, what can he do with his Zimbabwe paper?

Let's make this an American situation because a lot of readers on this website are in America and they might be able to understand these questions better with a scenario that's more "local." If a White man with an ounce of gold happens to be in Detoilet, Michigan.....
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Wade Hampton III

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Re: The Greater Depression

PostMon Oct 08, 2018 8:25 pm

Ten years after the financial crisis, experts are looking ahead
to potential systemic risks that could lead to another economic
collapse.
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https://www.foxbusiness.com/markets/her ... ial-crisis
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Jim Mathias

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Re: The Greater Depression

PostMon Oct 08, 2018 11:58 pm

Wade Hampton III wrote:Ten years after the financial crisis, experts are looking ahead
to potential systemic risks that could lead to another economic
collapse.
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https://www.foxbusiness.com/markets/her ... ial-crisis


From the article:

Experts have put cyber threats at the top of their risk list since 2013, and this year, the DTCC concluded that it’s a matter of “when,” not “if,” regarding the likelihood of a successful widespread attack.


How do you think that scenario would play out, Wade?
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Wade Hampton III

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Re: The Greater Depression

PostTue Oct 09, 2018 5:51 am

Jim Mathias wrote:How do you think that scenario would play out, Wade?


The World Is Now Venezuela...

Renowned gold and financial expert Jim Sinclair and financial
writer Bill Holter get ready for the reset in the price of
everything including gold and silver. Sinclair also says,
“It’s going to be a Friday to Monday event. There is going
to be an explosion, and the explosion is a change. It may
blow your mind, but the explosion would not be three or
four months or a year in upticks in these items (gold
and silver prices). Oh, they are going to uptick. That’s
for sure. The finality of this is going to be the reset
. . . .It is going to be something entirely new that
doesn’t exist now. It may be engineered and not happening
by natural causes. You need to know who President Trump is
(invasion?), what he is a master of and what tools he has
used effectively as part of his business. It’s not “The
Art of the Deal, it’s the science of bankruptcy.” How
bad is it going to get? Holter sums it all up when he
says, “The world is Venezuela.”
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https://goldsilvernews.blogspot.com/201 ... ld-is.html

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