[Closed] The Economy

I found this article Income equality and the banks. 

http://billmoyers.com/story/noam-chomskys-requiem-american-dream/

Ran across this cheery interview with Jim Rogers on the Business Insider (business news) site. He is predicting a major financial crash that he believes will be the worst of our lifetime. http://www.msn.com/en-us/money/markets/jim-rogers-the-worst-crash-in-our-lifetime-is-coming/ar-BBCl6BS?li=BBmkt5R&ocid=spartanntp

Thank you guys for sharing those articles. Am in the process of reading them now. Kim I've read most of the books Chris Hedges wrote, and have been reading his weekly Truthdig column for years, not to mention watching every speech he gives and T.V. show he hosts whenever I can. Recently I've begun rereading one of his books entitled American Fascists, written during the Bush era about the Religious right. I'm rereading it because I want to understand more deeply the ideological forces that have taken root in a large segment of the American voting public. Can't beat em if you don't understand them is my thinking. I've also read quite a bit of Chomsky, and I plan on purchasing this book in the near future to see what he says now, its always grim however. As for the coming financial crash. I Jeanne has predictions about it, but I've hearing for years from a great deal of economic media that another crash was coming, if only because the reasons the last crash happened haven't fully been addressed. What a disaster we are living in, where the whims of despots and greedy oligarchs/corporations have the power to destroy the lives of millions if not billions of people. Kim I think Canada is bound to suffer, because every country will, but remember that there is a strong sense of community in much of Canada, coupled with a real grass roots politics, I think Canada has a real chance of being just fine.  

Wow, that was really interesting Paul W!  Very 'cheery' indeed....HA!....NOT!

I remember when I first read Jeanne's predictions on this for this fall and my gears started whirring! But Rogers..just wow!

Taking deep breaths and staying as positive as I can! After all, things can change on a less than a dime...in a good way as well as not so good!

Rogers: Well, that’s why I moved to Asia. My children speak Mandarin because of what’s coming. You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that. You’re going to see parties disappear. You’re going to see institutions that have been around for a long time -- Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.

Thanks for the article. It fits what I saw coming in a meditation I did several years ago for 2018 to 2020.  I was meditating in 2013.  I saw the collective getting volatile and very nervous in 2017, then more volatility in 2018, then the market starting crashing in 2019 and turned into a full blown bear market in 2020.  I hope I'm wrong.  I so don't want this to happen, but the regulators keep making it worse, as the article pointed out. 

Jim rogers is right. Financial crash is indeed coming. I have studied planetary transits and astrological cycles and compared them with timeline for the last two years. It will begin from 2018, just like jeanne said. By 2021-22 whole globe will feel depression. USA will be in a recession a lot earlier, by the end of 2020. However much more frightening is recession's aftermath,

planet's economics, banking, finance and currency system is going get upside down. 

 Capitalism will be destroyed.

Along with USA, china and gulf economy will go down. Europe will unravel. All of this will have large social and political impacts that will go beyond 2020's. 

We are going to get a global financial reset, what is going on is a back-room preparation for that. Except elites and few financially astute people, 99% people are not ready for that. As a result they will be hit very hard. Especially in western countries & gulf.

I guess you are asking about USA. I was speaking about whole world though. In that case, 2020 federal govt will be the last of its kind. This much I can say confidently.

It's because USA is having it's pluto return. Pluto brings out the supressed, hidden, dark side of any zodiac signs it goes into. At present it is in capricorn, the sign of government and big business. It first moved into capricorn at 2008 when the first crash happened. Since then people all over the world have become aware of the influence big business's have over political class and governments, more so in USA. We have also become aware of govt scandals because of whistle blowers. Now, it seems even media's are not spared from corporate influence. This things were not clear to majority before 2008.

Also income inequality, all of this are signs of dark underbelly of govt and corporations. Which is becoming clear due to curtsy of pluto. 

Why I'm saying all of this ? Because at the time of declaration of independence at 4th july 1776 pluto was at 28th degree of capricorn. It will happen again at 2022. That's why there's so much social divide, anxiety and anger & mistrust against current system. More pluto comes closer to that degree, more social and political instability in USA increases. Last time it gave birth to USA. This time it will fully change USA. Graham and jeanne have already said that in their predictions.

In the coming years people will become more aware of the corrupt nature of US govt. They will be eventually convinced that president is not the most powerfull man in administration. The strings are pulled from elsewhere. Goverment(better say those who are really in power)will become more authoritorian, in the fear of losing power. It will cause alienation of federal govt and citizens. In social life incidents of shooting, racism, terrorist attacks, income inequality will increase. People in power will not be able to tackle these problems. In other words the system will reach breaking point. Ultimately people will realize it not working anymore. Post-2030 we will see the rise of communities. They are the "govt" of future.

Asian, thank you for this. I am learning and beginning to understand bit by bit just what to foresee and be more emotionally prepared for.

From your perspective and from those who have a better business and economical sense than I do, can you give any things we can do....preparation wise...to help ourselves? People who live simply and make do the best they can already in the middle class or lower already.

Do you foresee our small savings accounts being solvent and accessible for example..especially for those of us who already live on social security with a history of owning small businesses, single income, small but consistent savers.

Will it be like the great depression ? Where banks run dry and we lose our small living savings? Advice from anyone appreciated. Already have a garden, some chickens, live modestly.

I had the very same questions, Michele, as I was reading all of this. Thank you for asking! How can we use this early knowledge to help our communities and families prepare?