From: The Total Collapse <no-reply@thetotalcollapse.com>
Date: Fri, May 4, 2012 at 2:18 PM
Subject: The Total Collapse
To: landrightsnfarming.seamom89@gmail.com
The Total Collapse |
| Faber: 'Massive Wealth Destruction' Coming, Well-to-Do 'May Lose 50%' Posted: 04 May 2012 06:29 AM PDT The critical question over the next decade isn't "where will my returns be highest?" but "where will I lose the least money?" That, according to economist and investor Marc Faber, is the scenario facing investors today. As the author of the Gloom, Boom, and Doom Report, Marc Faber is a well-known contrarian, earning celebrity status because of his ominous predictions. So his pessimism during a recent appearance on CNBC wasn't surprising for a man whose nickname is "Doctor Doom." What was surprising was the level of "wealth destruction" he sees in the not-too-distant future. Faber stated, "I think somewhere down the line we will have a massive wealth destruction. That usually happens either through very high inflation or through social unrest or through war or credit-market collapse." "I would say that well-to-do people may lose up to 50 percent of their total wealth." Faber points out that this bleak outlook for the United States has been caused by Federal Reserve Chairman Ben Bernanke and the Federal Reserve's continuous printing of new money. He says that the bailout and money printing will not create any long-lasting wealth or create healthy growth, and that the collapse will come on Bernanke's watch. While Faber's prognostications are worrisome (especially for those who fall into the "well-to-do" category), they are hardly as alarming as the scenario laid out by another economist. Without appearing on CNBC, earning celebrity status, or being known by a scary nickname, Robert Wiedemer did what Marc Faber couldn't: He accurately predicted the economic collapse that almost sunk the United States. In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book America's Bubble Economy. But Wiedemer's outlook for the U.S. economy today makes "Doctor Doom" sound like Mr. Rogers. Where Faber sees a 50 percent loss of wealth for some, Wiedemer sees much more widespread economic destruction. In a recent interview for his newest book Aftershock, Wiedemer says, "The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012." When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, "You see, the medicine will become the poison." The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country's financial "rescue" devised in Washington has failed miserably. The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including Bernanke and former Federal Reserve Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation's economy strong through monetary and credit policies. At one point, Wiedemer even calls out Bernanke, saying that his "money from heaven will be the path to hell." Shocking Footage: See the eerie chart that exposes the 'unthinkable.' The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow. The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content. Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media. "People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it," said Newsmax Financial Publisher Aaron DeHoog, "but unfortunately, it kept getting pulled." "Our real concern," DeHoog added, "is what if only half of Faber and Wiedemer's predictions come true? That's a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread."  |
| Russia Warns of 'Dead End' in U.S. Missile Talks Posted: 03 May 2012 01:09 PM PDT Russia said Thursday its dispute with the United States over missile defense was near a "dead end" and warned it might have to deploy new rockets in Europe to take out elements of the controversial shield. "We have not been able to find mutually-acceptable solutions at this point and the situation is practically at a dead end," Defense Minister Anatoly Serdyukov told a televised conference on missile defense issues. The comments came just hours before Russian generals were to sit down for crunch talks with a special team from Washington ahead of next month's official deployment of the first elements of the new shield. Russia has argued vehemently against a defense system the United States is deploying to protect its European allies against any attack from enemy states such as Iran that the West fears is seeking to develop a nuclear weapon. NATO intends to announce the deployment of the first phase of the system at its conference in Chicago next month. Officials in Moscow fear the shield may harm its own nuclear deterrence and has warned that it will unleash a massive new armament program if Washington fails to allay its concerns. Chief of Staff General Nikolai Makarov said one option was for Russia to station short-range Iskander missiles in its Kaliningrad exclave near Poland in a long-discussed move that has gravely alarmed Eastern European states. "The deployment of new strike weapons in Russia's south and northwest — including of Iskander systems in Kaliningrad — is one of our possible options for destroying the system's European infrastructure," Makarov warned. Officials backed up their argument by unfurling a projection screen before visiting dignitaries from 50 countries and playing graphics of how NATO missiles could eliminate Russian rockets by the end of the decade. "A thorough analysis by the defense ministry's research organizations showed that once the third and fourth stages are deployed, the capability to intercept Russian inter-continental ballistic missiles will be real," Makarov said. "The interceptors deployed in Poland… will be in the immediate proximity of our territory," Makarov said. The dispute has nagged Russian-U.S. relations for much of the past decade and been one of the primary issues by President Barack Obama when he launched a "reset" in relations with Moscow in 2009. But the issue has gained added urgency as Russia makes a transition from outgoing President Dmitry Medvedev to his mentor Vladimir Putin — an ex-KGB spy who fought often with Washington during his first two terms in the Kremlin. Putin will be sworn in to a third term as president on Monday and Washington has dispatched an entire team of top defense advisers tasked with calming tensions in the short term. The Moscow talks on Thursday and Friday will include Assistant Secretary of Defense for Global Strategic Affairs Madelyn Creedon and Special Envoy for Strategic Stability and Missile Defense Ellen Tauscher. Obama's national security adviser Tom Donilon will also travel to Russia later on Thursday. Tauscher told reporters on Wednesday that the United States "remains committed to implementing the missile defense system in all of its four phases." Moscow has been particularly angered by Washington's refusal to provide a written guarantee that the shield will never be pointed against Russia. The United States argues that this assurance is implicitly stated in the new nuclear disarmament agreement the two sides signed last year. "We are not talking about imposing any limitations on the (NATO) system's technical characteristics," said Makarov. "There is only one condition: the zones of possible interception… should not cross Russia's borders," Russia's top general said.  |
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