The Economy Is In Free Fall And The U.S. Government Is Preparing For The Big Event (Video)

May 5, 2015

Related info:

US Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative

US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%:

Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.

3 thoughts on “The Economy Is In Free Fall And The U.S. Government Is Preparing For The Big Event (Video)”

  1. I will comment more fully after I view the video, but wanted to post this information while it is fresh. Just saw on Bloomberg that Apple, Wall Street’s darling, has just informed the SEC it plans another big bond sale……they already have $40B out there in debt right now.
    If they are doing so well, why another big bond sale? Bond is just another word for debt…….

  2. I agree with some of what Dave on the video had to say, but not all.
    Everything he says about MFG, drop in MFG raw materials…..all is spot on.

    The noise about the Yuen becoming another reserve currency, and other nations competing for world reserve currency status is bogus. Thanks to Hugo Chavez, and his introduction of the Sucre, the first electronic currency to the world….Most of the world has already dumped the dollar including Russia, China, Turkey, South Africa, most emerging African nations, Japan, India, Qatar, Iran, Most of South and Central America, Canada and Australia. There are others, but I don’t know all of them.

    Thanks to the advent of the Sucre, all the nations listed above all can trade using their own currencies, leaving the dollar or any reserve currency behind as obsolete. The Sucre translates the value of each nation’s currency at the time of transaction, making conversion to the dollar unnecessary. This is the true story, and the US can do nothing about it.

    The dollar was made world reserve currency after WW2 when our currency was backed with gold, and our financial regulations made our markets the best in the world. Thanks to Clinton signing out all those sterling regulations, the crooks took over, and our markets are now full of pirates and thieves. After the crashes of 2001 and 2008, the world looked to see what would be done. Nothing was done, and the world moved away from us. We are no longer credible……

    The stranglehold the dollar held on the world is broken…..and just like the nursery rhyme said……Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall……….And all the King’s horses and all the King’s men…..Couldn’t put Humpty Dumpty back together again….”

    That rhyme really makes sense in this context.

    The dollar is dead… has rendered the entire idea of a world reserve currency obsolete. This is the real story, and I have watched it unfold since Spring of 2010 when Hugo Chavez introduced the Sucre to the world. In November of 2010, Russia and China followed suit, and it has been going on every since….


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