THE SYSTEM HAS FAILED ALL OF HUMANITY!

THIS SYSTEM HAS FAILED!

Today the dominant narrative is that of market fundamentalism, widely known in the West as Neocon, neoliberalism.

The fairy-tail THEY claimed is that the market can resolve almost all social, economic and political problems. The less the state regulates and taxes us, the better off we will be. Public services should be privatised, public spending should be cut, and business, meaning the private sector should be freed from social control.

In countries such as the Australia, Canada, the UK and the US, this story has shaped our norms and values for around 35 years: since Thatcher (UK), Hawke (AU) and Reagan (US) came to power. It has been rapidly colonising the rest of the world ever since!

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But, the reality is rather different!!!

Even at the beginning of the process, when markets are first deregulated, we do not start with equal opportunities! Some people are a long way down the track before the starting gun is fired…

Even when outcomes are based on talent and hard work, they don’t stay that way for long!

Once the first generation of liberated entrepreneurs has made its money, the initial meritocracy is replaced by a new elite, which insulates its children from competition by inheritance and the best education money can buy.

Where market fundamentalism has been most fiercely applied – in countries like the US, Canada, NZ, Australia, the EU nations and the UK – social mobility has greatly declined! Public services have been privatized, become more expensive and declined in quality of service.

If neoliberalism was anything other than a self-serving con, whose gurus and thinktanks were financed from the beginning by some of the world’s richest people, its apostles would have demanded, as a precondition for a society based on merit, that no one should start life with the unfair advantage of inherited wealth or economically determined education.

But they never believed in their own doctrine! Enterprise, as a result, quickly gave way to rent!

All this is ignored, and success or failure in the market economy are ascribed solely to the efforts of the individual.

The rich, meaning the Billionaires are the new righteous; the poor are the new deviants, who have failed both economically and morally and are now classified as social parasites.

The market was meant to emancipate us, offering autonomy and freedom. Instead it has delivered corrupt public institutions, atomisation, loneliness, debt, pain and suffering!

The Global Anglo Zion Economic System and Social Order in the Western nations Will Collapse – SOON!

Say NO To WAR With China

And now THEY ARE SAYING LIES ABOUT CHINA & RUSSIA!

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The West is Barbaric & built upon Lies!!!

“The first form of culture,” wrote historian Will Durant, “is agriculture.”

And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything.

For the first time ever, early humans could actually work WITH nature and reliably control their food production.

They were no longer dependent on unpredictable wildlife or the dangers of the hunt.

Nor were they resigned to devouring an entire beast in one sitting, only to end up right back where they started– in search of their next meal.

Agriculture gave them the opportunity to produce far more than they could consume. And to easily save the surplus for a later time.

To save like this is completely natural. And by that I mean saving is part of nature.

Dogs bury their bones. Squirrels hoard nuts. Even plants set aside some excess solar energy for a rainy day by producing and storing sugar.

For us humans, agriculture was our earliest form of savings. And it was the key ingredient to civilization.

With a vast pool of food savings at his disposal, early man could put down roots and build societies without having to worry about where the next meal would come from.

It was this sense of savings that formed the dividing line between primitive man and civilized man.

This reminds me of that old criticism about gold being a “barbarous relic”.

John Maynard Keynes first coined the term when he denounced the gold standard, and Paul Krugman has echoed this sentiment in our own time.

Both men are champions of government spending and the inexhaustible creation of paper money.

It’s a curious statement, though, given that gold is an acknowledged form of savings.

Even governments and central banks around the world continue to hold gold as part of their official reserves.

Owning gold is saving, which by definition is civilized, i.e. NOT barbarous.

Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future.

It is the modern equivalent of gorging on some wild beast with no thought to tomorrow’s meal… or in this case, no thought of tomorrow’s generation.

Debt is the barbarous relic. Not gold!

And governments are up to their eyeballs in it, continuing to engage in this primitive, uncivilized behavior with wanton abandon.

Don’t expect them to change their ways.

Our society awards our most respected prizes for intellectual achievement to faux-scientists who encourage these barbarous acts.

They create complex mathematical models, ‘proving’ why our Neanderthal governments should print more money, borrow more debt, and stage fake alien invasions to boost the economy.

No doubt future anthropologists will find this to be a curious and savage system.

And now THEY ARE SAYING LIES ABOUT CHINA & RUSSIA!

The West is Barbaric & built upon Lies!!!

“The first form of culture,” wrote historian Will Durant, “is agriculture.”

And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything.

For the first time ever, early humans could actually work WITH nature and reliably control their food production.

They were no longer dependent on unpredictable wildlife or the dangers of the hunt.

Nor were they resigned to devouring an entire beast in one sitting, only to end up right back where they started– in search of their next meal.

Agriculture gave them the opportunity to produce far more than they could consume. And to easily save the surplus for a later time.

To save like this is completely natural. And by that I mean saving is part of nature.

Dogs bury their bones. Squirrels hoard nuts. Even plants set aside some excess solar energy for a rainy day by producing and storing sugar.

For us humans, agriculture was our earliest form of savings. And it was the key ingredient to civilization.

With a vast pool of food savings at his disposal, early man could put down roots and build societies without having to worry about where the next meal would come from.

It was this sense of savings that formed the dividing line between primitive man and civilized man.

This reminds me of that old criticism about gold being a “barbarous relic”.

John Maynard Keynes first coined the term when he denounced the gold standard, and Paul Krugman has echoed this sentiment in our own time.

Both men are champions of government spending and the inexhaustible creation of paper money.

It’s a curious statement, though, given that gold is an acknowledged form of savings.

Even governments and central banks around the world continue to hold gold as part of their official reserves.

Owning gold is saving, which by definition is civilized, i.e. NOT barbarous.

Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future.

It is the modern equivalent of gorging on some wild beast with no thought to tomorrow’s meal… or in this case, no thought of tomorrow’s generation.

Debt is the barbarous relic. Not gold!

And governments are up to their eyeballs in it, continuing to engage in this primitive, uncivilized behavior with wanton abandon.

Don’t expect them to change their ways.

Our society awards our most respected prizes for intellectual achievement to faux-scientists who encourage these barbarous acts.

They create complex mathematical models, ‘proving’ why our Neanderthal governments should print more money, borrow more debt, and stage fake alien invasions to boost the economy.

No doubt future anthropologists will find this to be a curious and savage system in human history!

I Ilias Bafas am against all wars and stand with China & Russia!

Global Depression 2016/2017

For years I have warned of the impending global economic depression, and suggested to buy Gold and Silver bullion along with the Chinese and Russian currency’s!

All your country’s are the future Greece, Puerto Rico and Venezuela!!!

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My posts/reports on fb, google+, wordpress and beforeitsnews profiles are evidence!!!

From Australia, NZ to Europe, from Japan to the US, since the Panic of 2008, central banks around the world have abandoned capitalism and true price discovery! Their series of massive stimulus and historic negative/zero/low interest rate policies, while boosting equity markets and those that play them, has failed to boost wage growth!

The western economy and society will collapse from the UK, EU to the USA and Australia!!!

Canada – the collapse in oil and commodity markets has pushed the country into recession and the Canadian Dollar to decline to levels lower than that reached during the 2008 crisis.

Oil dependent provinces Alberta and Newfoundland remain in deep denial. Since everyone in these provinces have only ever experienced a booming oil market, many naively believe things will bounce back – and quickly. LOL

Meanwhile, both Toronto and Vancouver housing markets also remain in denial as they continue to go gangbusters. The real estate bubble will pop leaving millions of people in financial chaos!

Fully expect the Bank of Canada to eventually cut interest rates to 0% and start a money printing program as well, NEGATIVE interest rates will not be that far behind.

Australia – Over the last 15+ years, China has been viewed as the growth engine of the world, and justifiably so. With annual growth rates between 8% to 15%, China’s economy was literally eating every rock, stalk and barrel of practically every commodity in the world.

And naturally, any country or company that produced these commodities made a tonne of money – including Australia.

Today, China’s growth rate has slowed to about 3% which is a dramatic slow down compared to what it achieved in the past. This slowdown and China’s effort to even maintain these rates, has had significant repercussions around the world!

And the first up to bear the brunt of this slowdown is its closest supplier of raw materials – Australia!

With dark clouds on the economic horizon, the Australian government and central bank is doing everything possible to prevent the unpreventable recession – but a depression is the reality! Australians are in denial and or in La La Land THINKING that all is well… LOL

Interest rates have been reduced to all-time historical lows, meanwhile the Australian Dollar has plummeted -25% over the last year. Yet – the negative outlook has not improved! The real estate bubble will pop leaving millions without a home!

In 2017, unemployment will double and interest rates will rise as will the cost of living -that will result in major poverty across Australia!

Brazil – Like Australia, Brazil has benefitted immensely from China’s growth. And now, also like Australia, it too is feeling the affects of the dramatic Chinese slowdown.

The economy has now declined for 12 consecutive months making it both the longest and deepest recession in 25 years.

The worse is yet too come!!!

Despite declining growth, inflation continues to soar higher causing interest rates to rise as well. This will spread worldwide!!!

And if that wasn’t bad, also know that the Brazilian currency has fell off the cliff at -53%.

Sweden – Unlike Australia and Brazil, Sweden relies very little on China as a buyer of last resort. Yet, the Swedish economy is also not very hot these days!

In fact, instead of spectacular and dramatic declines in anything, it is doing the exact opposite – it just isn’t moving.

While Sweden isn’t in the Eurozone, it is smack dab next to it and that in itself is reason enough for the lack of growth.

The debt crisis in the Eurozone is acting like a giant, slow moving tsunami that is sucking the life out of the economy and everything near by!!!

While economic growth in the Nordic state hasn’t declined, it hasn’t accelerated either – and this is what has many worried!

The central bank shocked everyone not once but twice, by first announcing that they would begin to print money, and then when they announced that interest rates would be NEGATIVE!

These actions are absurd!
1) MONEY PRINTING
2) NEGATIVE INTEREST RATES

It is hoped that these actions will cause people and companies to loosen their wallets and start spending again. Yet, what the government and the central bank doesn’t understand is that these actions will actually make the problem worse!

As the global economy continues to decline, there is nothing Sweden can do to change what is coming – a global depression and a significantly weaker Krona!

USA – is a broken down country on life support soon to become a third world nation isolated from the world. The USD is worthless and backed by Debt! The velocity of money in the United States has dropped to the lowest level ever recorded!

UK – is a broken down insolvent empire heading towards a third world nation economy status!

EU – is a failed experiment and will breakup! The banks in Germany, France and Italy are on the verge of bankruptcy!!!

USA, UK, NZ, EU, Australia, Brazil, Canada, Sweden, France, Italy, etc – it is beyond me how anyone can declare the crisis isn’t spreading!!!

Be prepared – there are going to be lots of opportunities to both make and lose money!!!

The derivatives crash starting in Europe could be the first domino to fall… The manipulation of the markets is over and the new world order agenda will fail…

The Gold and Silver price suppression has come to the end, the stock-markets will close after the banking collapse and we will reach a new paradigm with fiat currencies and social structures in the West burning to the ground!!

THE SYSTEM IS BROKEN AND CHANGING!

Banking, trade, and even our systems of government and the way we organize ourselves as a society, are all based on anachronistic traditions that don’t belong in the 21st century!!!

These systems are changing!!!

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This happens from time to time in human history. Kingdoms and Empires gave rise to the feudal system. And the feudal system was ultimately displaced by the nation state.

This time is not different, only fools think the nation state will last forever! 

Dominant reserve currencies have changed over time, from the Byzantine gold solidus, to the Venetian ducat, all the way to the US dollar today.

We cannot expect the Fiat Currency dollar system to maintain its position forever!!!

Wealth and power are shifting! Central bankers are running out of ammunition and lies!

Almost every major western government and central bank is on the brink of insolvency if not already bankrupt!!! 

And, as markets crash around the world, government solutions are becoming more crazy!

Recently in the USA, the famous bond analyst James Grant appeared on CNBC’s Closing Bell and explained the US was already in a recession once again – Derrrr…  This time, Grant said, that central banks are contemplating absolutely insane measures such as “direct monetary funding.”

How long will it take before the “revolution”?

Meanwhile in the UK, Chancellor Martin Armstrong is contemplating the seizure of British pension funds in order to direct them toward infrastructure projects as he deems fit. This won’t make Britain any more solvent, but it will “destroy what is left of the British empire.”

There are similar tales all around the world as governments struggle with unsustainable debt built up over the decades and the fallout of US$20-$30 oil and the virtual bankruptcy of many investments and companies that depended on a higher price!

It’s the subprime disaster all over again – but it is BIGGER this time!!!

Another global debacle – and this time the economic structure will not survive it!!! It’s much worse now!!!

There is nothing the banking cartel can do! They are out of bullets – unless they use the only ‘TOOL’ they should have used back in 2008 = A GLOBAL DEBT JUBILEE!

The manipulation is at an end!!!

Developing nations are already creating their own alternatives to the US-dominated financial system. Modern technology is turning the commercial banking system into an endangered species! 

And people from all over the world are finally starting to get sick and tired of their system of government! 

Isaac Newton said – that an object in motion tends to stay in motion. And the changes to our current global systems are very much in motion!!!

The Entire Global Economic & Banking Systems Collapsed in 2008 – and have been held up by tooth-picks ever since!!!

We Are In The Global Economic Collapse Now!

As I have said many times over the past few years – “The Global Economic Collapse will create a Financial Depression that will make the 1930’s look like a picnic”!!!

All Markets are dropping week by week as 2016 starts – never before in history have the markets crashed in January like we have witnessed so far this new year!

There have been a lot of theories, fear mongering and misinformation that has been spread around the internet about what the impending global economic collapse really is and what it means for the common person. But, I suggest you research what credible economic experts and the intelligence community’s say!

The Canadian Dollar has crashed sending grocery prices soaring that has created panic across Canada!

Canadians are in Panic as the Canada Dollar Gets Smashed!!!

This is what Australians, British, Kiwis and Europeans can Expect – it will happen over-night!!!

The Canada currency’s decline is having a pronounced effect on Canadians’ grocery bills!!!

As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables. When the loonie slides, prices for those goods soar. “With lower-income households tending to spend a larger portion of income on food, this side effect of a soft currency brings them the most acute stress,” Bloomberg continues.

Of course with the layoffs piling up, you can expect more households to fall into the “lower-income” category where they will have to fight to afford things like $3 cucumbers, $8 cauliflower, and $15 Frosted Flakes.

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We are close to the complete and utter  Collapse of the USA Economy – which will crash the global western markets!!! 

Ever since the USA and the global market switched away from the gold standard and the US Federal Reserve with its corrupt fiat debt-based money system has essentially taken the reigns of the global economy, we have been on a long, downward spiral that has led to America, Australia, Canada, NZ the UK and Europe being mathematically incapable of financially supporting their nations or the millions of programs their citizens have blindly demanded over the last 100 years!

We are living in the Collapse Right Now!!!

In simple terms; All our nations are in debt and can not repay the debt! As a country (and as a people) our nations spend A LOT more than we make! When you cut out all the political bullshit, misinformation and advanced economic theories from people with more degrees than common sense, it just boils down to the fact that as a country, we don’t make enough money to pay for all the stuff that society has demanded, on top of the complete and utter mismanagement of our tax revenue, high political salarys, military budgets and huge debt by all forms of government!!!

Expect rising costs of inflation – lower salarys and high unemployment!!!

For something like money to have value it has to be finite. Gold and Silver were used as currency for centuries simply because they were rare, and took significant energy to harvest from the earth. That energy and the lack of abundance of precious metals made them relatively rare and valuable and therefore societies chose to use them as a currency item when two individuals wanted to trade but one party did not have an item desired by the other for barter.

The BRICS Nations are all moving away from trading in the USD and forming a Gold backed global economic system.

Expect Real Eastate to Devalue and Higher Interest Rates!!!                                                                              The US Federal Reserve can pump money into the economy at will, the value of that money is decreasing and has been decreasing for generations! Today, we’re entering a period of “hyperinflation” where there is so much money being pumped into the economy that the earning potential of the average person cannot keep up with the constant devaluing of money and the subsequent increase of prices for everything – as Canada has just proven!!! This simply means what Canadians are experiencing now, that prices for goods and services are higher than people can afford!!!

Solution:

To combat inflation you need to make more and spend less! More Jobs and Productivity – Less Debt!

So what can we do to mitigate the financial risks of the economic collapse?

We really only have two choices! We either reduce our spending or increase our revenue. In reality, you need to be doing both, and that is what the governments in Australia, the UK and Europe have been doing!

Do You Have A Plan B? 

Prepare For A Life Change Experience If You Choose To Stay In The Bankrupt Nations Of The West!