Will The Election Results Cause Massive Riots To Erupt All Over America?

The Economic Collapse Blog

Will the most divisive campaign in modern American history culminate in massive riots in our major cities?  Right now, supporters of Barack Obama and supporters of Mitt Romney are both pinning all of their hopes on a victory on November 6th.  The race for the presidency is extremely tight, and obviously the side that loses is going to be extremely disappointed when the election results are finalized.  But could this actually lead to violence?  Could we actually see rioting in communities all over America?  Well, the conditions are certainly ripe for it.  A whole host of surveys over the past few years have shown that Americans are very angry and very frustrated right now.  In fact, a Pew Research Center poll from late last year found that 86 percent of all Americans are either angry or frustrated with the federal government.  We have seen this frustration manifest in protest movements such as the Tea Party and Occupy Wall Street, but right now things are fairly calm as liberals and conservatives both look forward to November 6th.  Many Republicans started the countdown to the next election literally the day after John McCain lost back in 2008.  All of their hopes of getting Obama out of the White House are riding on a Romney victory.  For many Democrats, Barack Obama is a "once in a generation" icon.  Just the thought of Mitt Romney replacing Obama in the White House is enough to push many of them to the brink of insanity.  In recent years we have seen horrible rioting erupt in cities after major sports championship games.  How much worse could the rioting potentially be if this bitterly contested election is decided by a very narrow margin - especially if there are allegations that the election is "stolen"? (Read More....)

Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

The Economic Collapse Blog

Most people just assume that since things have always been a certain way that they will always be that way in the future.  Most people just have blind faith that the people running our government and our financial system know exactly what they are doing and that they are doing their best to take care of us.  In fact, once upon a time I was fully convinced of that.  When I was a kid I quickly realized that my elementary school teachers really didn't have the answers, but I had total faith that those running society at the highest levels were "experts" that were looking out for our best interests.  As time went on I kept progressing in my education, and by the time I was finished with law school I came to understand that none of our "experts" really know what they are doing, and they are definitely not looking out for our best interests.  The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes.  Unfortunately, most Americans will repeat the mantra of "if that was true I would have heard about it on the news" until it is way too late.  Most people are waiting for the "authorities" to tell them what to do instead of thinking for themselves.  Sadly, time is rapidly running out and a lot of people are going to end up getting totally blindsided by what is coming. (Read More....)

Near record gas prices foreshadow new economic crash

Examiner

In Sept. of 2008, gas prices reached a median record high of $3.84 per gallon, peaking just before the economic crash and credit crisis in the economy and banking system. Two years later, as the recession hit full steam in the U.S., and oil prices dropped down to $35 a barrel, the price of a gallon of gas had fallen back under $2.50.

However, since reaching that bottom in 2010, gas prices across the country have been climbing steadily higher, even as fuel consumption by most Americans has remained low. Now, just two years later, these same economic indicators are mirroring those of 2008 , and gas prices on Sept. 1 are once again nearing record highs, foreshadowing a potential new economic crash.-[Full Article]

Big Banks Quietly Preparing For An Imminent Financial Collapse?

The Economic Collapse Blog

Something really strange appears to be happening.  All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse.  Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us.  Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either.  Last week, it was revealed that the U.S. government has been secretly directing five of the biggest banks in America "to develop plans for staving off collapse" for the last two years.  By itself, that wouldn't be that big of a deal.  But when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge.  Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock, and I have been personally told that a significant number of Wall Street bankers have been shopping for "prepper properties" in rural communities this summer.  Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition, and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society.  So what does all of this mean?  It could mean something or it could mean nothing.  What we do know is that a financial collapse is coming at some point.  Over the past 40 years, the total amount of all debt in the United States has grown from about 2 trillion dollars to nearly 55 trillion dollars.  That is a recipe for financial armageddon, and it is inevitable that this gigantic bubble of debt is going to burst at some point. (Read More....)

Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”

http://www.shtfplan.com/headline-news/warning-get-your-money-out-all-customer-deposits-in-the-united-states-are-now-the-legal-property-of-jp-morgan-goldman-sachs-megabanks_08122012

By Mac Slavo
SHTFplan.com
August 13, 2012

Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts.

The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up.

According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
The implications of the ruling, according to Barnhardt, will affect the monies of all private individuals who have seen their deposit accounts wiped out in the collapse of firms like John Corzine’s MF Global and put all deposit account holders in the country at risk should their bank be faced with a financial windstorm:

The NFA in collusion with the banksters, government and judiciary have achieved their goal. The entire concept of “customer segregated funds” is officially, completely, legally dead.

Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it. The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone.

…

The federal appeals court ruled yesterday that not only does BNYM stay at the front of the line, but that using customer segregated funds as collateral is NOT a crime, and that co-mingling customer segregated funds with proprietary funds is NOT fraud.
…

What this means is that even if Jon Corzine is somehow dragged into court by private citizens, because you know damn good and well that the Justice Department will never, ever touch him, Corzine now has a legal precedent, likely from a bribed or otherwise coerced Federal Appeals Court, explicitly stating that an FCM can use customer deposits to pay its debts, and that the customers themselves are subjugated and have basically no legal right to their own monies, no matter what the law says, or what legal assurances, claims or guarantees are made to that customer about their funds held with an FCM or any other brokerage or depository institution. The “secured” party at the front of the line will always be the mega-bank who made the fraudulent loan using the stolen customer funds as collateral.

In other words, all customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks.

Source: Ann Barnhardt via Steve Quayle

The ruling is specifically designed to protect large financial institutions that have (purposefully) mismanaged customer funds and used the hard-earned life savings of Americans to gamble on equities, commodities and bond markets.

If those firms happen to make the wrong bet, as MF Global, Sentinel and a handful of others have recently done, depositors who have placed funds with the banks under the belief that their bank account is securely protected from trading liabilities are now completely exposed and liable for the incompetence and negligence of those who engage in market trading.

This latest ruling combined with recent actions by the Federal Reserve and other government regulators suggests a massive fraud has taken place and the financial system itself is under extreme strain with the potential to make the financial collapse of 2007/2008 look like just a training exercise.
In recent days, for example, it’s come to light that the government has secretly called on the country’s five major banks to prepare themselves for collapse by creating stress recovery plans to be used in the event of worst case scenarios.

A few weeks ago, the Federal Reserve also implemented a new policy for money market funds held by financial institutions. Per the new policy, money market funds, which account for some $2.7 trillion in deposits across the United States, can be frozen in the event of an emergency or financial panic.

This means that if and when the system does go into a tailspin, at exactly the time people will want to pull their money out of their bank account, they will be restricted from doing so.

These latest actions by government regulators, judges and financial institutions point to one thing: that we have an unprecedented financial collapse in the making.

If such a financial crisis comes to pass it is clear that the policies and procedures now in place will transfer the legally owned deposits and money market savings of individual Americans into the hands of the banks at which those funds are kept.

Get Your Money Out.

Consider alternate, collapse-centric investment strategies and what is money when the system as we know it falls apart.

Exclusive: Military to Designate U.S. Citizens as Enemy During Collapse

FEMA Continuity of Government Plans Prep Total Takeover of Society, Dispatching Military Domestically Under Economic Collapse Emergency

Aaron Dykes and Alex Jones
Infowars.com
December 21, 2011

UPDATE: Government censors document revealing plans to wage war on Americans. READ HERE.

NOTE: Within an hour of posting this article and linking to the pertinent document, the feds at FBO.gov have pulled the link and implied that it was a classified posting. We believe this was public and of interest to American citizens, taxpayers and peoples of the world and are in the process re-establishing an archive link of the material. Obviously, however, this information is revealing and certain parties do not wish it to be widely known. If you believe this material is important, please archive it and share it with your contacts. In the meantime, here are links to many of the pages: Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7, Page 8, Page 9, Page 10, Page 11

Infowars has discovered new FEMA documents that confirm information received from DoD sources that show military involvement in a FEMA-led takeover within the United States under partially-classified Continuity of Government (COG) plans. It involves not only operations for the relocation of COG personnel and key officials, population management, emergency communications and alerts but the designation of the American people as ‘enemies’ under a live military tracking system known as Blue Force Situational Awareness (BFSA).

Further, this Nov. 18, 2011 FEMA-released plan National Continuity Programs (NCP) Program and Mission Support Services (PAMSS) [PDF] linked at the FedBizOpps.gov website outlines a scenario that overlays with eerie accuracy the bigger picture sketched out by concurrent calls for troops to keep order in the streets of places like New Orleans, as well as other bombshell documents like those released from KBR seeking to activate contracted staff for emergency detention centers and for services like fencing and barricades, as well as numerous agencies and think tanks who’ve prepared for civil unrest and economic breakdown in America.

Hold onto your seats. The plan for the takeover of the United States has not only been drafted, but activated. Our sources and independent research make this abundantly clear. Martial law scenarios preparing for a breakdown of order under the ongoing economic collapse are underway, even as pretexts for control are initiated in locales across the country. Bold individuals like Ron Paul have warned that dangerous legislation like the NDAA designate the American population as potential enemies. Now, there is more evidence this targeting of the people is sadly taking place.

A laundry list of operations organized under FEMA’s National Continuity Programs (NCP) provides a base of technical support for the deployment of national emergency plans and the logistical tracking of all personnel incorporated under what Homeland Security chief Janet Napolitano has lovingly termed the big “federal family.”

“Friendly” military and FEMA personnnel, along with their contracted employees and those of other federal agencies, will carry transponder ID badges, like those described here, to designate their “blue” inclusive status. As our military sources have confirmed, under the Blue Force Situational Awareness (BFSA) all other American citizens and civilians are designated under the “red” category and treated as an enemy or potential unfriendly. Throughout his past investigative work including witnessing numerous military drills, Alex Jones has also witnessed the technology and the use of this alarming code branding ordinary Americans as battlefield enemies. The plan includes drone and other high-tech tools to monitor and target individuals designated under the “enemy” status.

The military’s blue force tracking technology has been adopted since 2003 in Iraq and used in theaters like Afghanistan to quickly distinguish “Blue” friendlies (including U.S. forces and allies like tribal forces) from “Red” enemies. However, on the U.S. homeland battlefield, it is the American people who will be designated under “red,” whereas cleared occupying personnel are tracked as “blue” friendlies by their ID transponder badges. The designation was set-up to reduce “friendly fire” incidents.

Blue Force and other related programs like Geospatial Information Systems (GIS), Continuity Analysis and the Command, Control, Communications and Computing (C4) operations named in the document electronically track and verify the location and clearance of COG-related personnel, the usage of emergency shelter facilities and their components as well as the military’s friendly/enemy designations– creating a matrix for live monitoring and control coordinating with FEMA databases during martial law or national emergency scenarios.

For instance, FEMA acknowledges in its documents the use of Blue Force tracking systems and other geospatial information systems to monitor the capacity and usage of its facilities under the National Shelter System and other programs. Preparations for the orderly control of the masses have already been put into place.

In particular, the Mt. Weather Emergency Operations Center outside Washington, D.C. is empowered to “coordinate, track, and synchronize the relocation of key leadership and staff from the DHS and FEMA Emergency Relocation Groups (ERG) members to perform their essential functions” during a declared national emergency using the Blue Force and other related tracking programs managed under the established joint relocation operations control center and emergency relocation programs referenced in the document. Section 1.3.4 further details the minimum ID requirements for contractor employee identification and verification.

The FEMA National Shelter System (NSS) is a comprehensive, Web-based database created to support Federal, State and local government agencies and voluntary organizations responsible for Mass Care and Emergency Assistance. The FEMA NSS allows users to identify, track, analyze, and report on data for virtually any facility associated with the congregate care of people and/or household pets following a disaster.

FEMA has also outlined detailed support for its vast Integrated Public Alert and Warning System (IPAWS), proscribed under Executive Order 13407 for the federal takeover of communications. It details the continuity of emergency communications and the issuance of warnings to the public, including public-private partnerships concerned with issuing alert messages through cellular providers– a program that only recently caused panic when it was publicly tested without forewarning in New Jersey. It is designated in the document under the Commercial Mobile Alerting System (CMAS).

As we have mentioned here and detailed in the past, this is part of larger COG government takeover– not part of any ordinary natural disaster response as the media has been told. The elite have initiated worldwide economic collapse and prepared their power-grabbing response as currencies and markets fall across the globe. All the experts we’ve talked to over the years concur with this basic analysis.

To put it simply: once the economic depression has sunken in completely, the population will willingly head in droves to government centers for basic requirements like food. As Henry Kissinger bluntly quipped, “Control oil and you control nations; control food and you control the people.” FEMA’s response will in hinge, in part, on just that– encouraging people sign up for their own enslavement.

Why Illinois Can't Afford its Poor Dead



NBC Chicago

The state of Illinois has reached a new level of broke. Come Monday, it won't have enough cash to bury its indigent dead.

Illinois officials sent a letter to more than 600 funeral directors around the state to let them know there's no money for funerals for individuals on public assistance...[Full Article]

'US middle class to get poor in 5 years'

The entire middle class Americans will fall under the poverty line in five years, as the gap between the rich and the poor is widening in the United States, says an investigative journalist.

“The middle class, I am afraid, in the United States is not going to exist in another five years and everybody is going to be driven down to the lower poor class,” said Wayne Madsen in a Press TV interview.

“They are going to be working, as many people do, maybe two or three minimum-wage jobs just to feed their families,” he emphasized.

“I think it is all part of the steady drift of the United States into a corporate fascist type society. We have seen that through history before, when very small elite has most of the wealth,” Madsen added.

The journalist quoted a Democratic Party economic advisor as saying that the US commercial real estate will witness a huge collapse in the near future.

“When we see the commercial real estate market collapse, it is going to make the residential real estate market pale, in comparison with that collapse, and this promise is just going to keep compounding,” Madsen further explained.

A new report by the Economic Policy Institute (EPI) has revealed that the gap between the rich and the poor in the United States is stretching, standing at its largest level since the survey began in 1962.

The report shows that the richest one percent of US households are 225 times richer than the average household.

According to the survey, the figure has almost doubled since the 1960s. The last survey, conducted in 2007, had indicated that the richest one percent had 181 times more money than the average household, whereas in the 1960s the figure reflected a 125-fold wealth gap between the richest and average household.

The global economic recession has also hit the average US citizens much harder, with their assets declining 41 percent since 2007. The rich only lost 27 percent in the same time period.

In 2009, the richest one percent had an average of $14 million, while the average household had average assets of around $62,200.

In calculating household assets, the EPI includes house ownership. The average US citizen has suffered far more from the impact of falling property prices than the rich, the report said.

ASH/MB/HRF

Use of food stamps up 17% since last year

The recession may be over, but the number of Americans using food stamps continues to soar, up 17 percent over year ago levels, according to a report posted on The Wall Street Journal's website.

A stunning 42,389,619 now use food stamps, up 58.5 percent from August 2007, according to U.S. Department of Agriculture data from August cited in the story.

That means nearly 14 percent of American households are still relying on government assistance to buy food as the economy continues to batter families. The total was up 1.3 percent from July...

[Full Article]

Homeownership at lowest level in a decade

WASHINGTON – The nation's homeownership rate is at the lowest level in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That's the same as the April-June quarter.

The last time the rate was lower was in 1999, when the rate was 66.7 percent...

[Full Artcle]

Americans Buying Guns In Preparation For Civil Unrest

Interest in purchasing silver and going on food stamps also skyrockets in anticipation of economic collapse

Image: Michael (mx5tx)

Paul Joseph Watson
Prison Planet.com
Monday, October 18, 2010

Americans are acquiring guns, silver and going on food stamps at record levels in reaction to the crumbling economy, trends indicative of a fearful public who are struggling financially and preparing for potential mass civil unrest in the aftermath of a total economic collapse.

FBI records and Google Trends research shows that firearms purchases are still at record highs, but that ammunition sales have leveled off, suggesting that a flood of first-time gun owners have rushed to protect themselves from the potential of higher crime and even civil unrest in the event of a widespread financial meltdown.

“That tells us that there are more first-time [gun] buyers coming in to buy firearms and that speaks to your worries about security. They buy a few rounds [of ammunition] first time, but they don’t buy more,” ConvergEx Group Chief Market Strategist Nicholas Colas told CNBC.

Interest in silver coins is also surging, with Americans looking for more affordable ways to protect their increasingly devalued dollar savings with many unable to afford soar away gold prices.

“Just two years ago, silver coin sales were on the magnitude of 1 million units a month, now it’s 3 million units a month,” said Colas.

Used car prices have also tailed off, a reflection of shaky confidence in the much heralded “recovery” of the U.S. economy. Meanwhile, Google searches for how to get food stamps have also skyrocketed.

However, the steady increase in gun sales is just as much a reaction to the political climate as it is economic uncertainties.

As we reported back in November 2008 just before Obama took office, the perceived anti-gun agenda of a President backed by a Democrat-controlled House and Senate prompted a record surge in firearms purchases.

With Obama’s White House still full of anti-second amendment figures like Attorney General Eric Holder and Chief of Staff Rahm Emanuel, the American people are loathe to become lackadaisical about their right to keep and bear arms, particularly when active duty combat troops are being brought back from Afghanistan and Iraq to train how to run local city governments and boss communities.

Troops are also being trained to deal with “civil unrest” and “crowd control” in the event of a national emergency.

During the last such national emergency, Hurricane Katrina, gun owners were told that “no one will be able to be armed – we will take all the weapons,” and even residents in high and dry areas had their firearms confiscated by US troops, police and mercenaries.

Given the fact that every forecaster worth his salt is predicting mass civil disobedience in America once austerity measures that are causing riots in Europe fully come into force, including the Obama administration’s move to seize private 401(k) pensions, it’s hardly surprising that Americans continue to stockpile weapons and precious metals in preparation for anarchy, chaos, and potentially martial law.

Watch the CNBC clip below.