Conversations with Andrew Harvey

Carolyn and Andrew Harvey on How To Respond To Catastrophic Climate Change (http://vimeo NULL.com/92105850).

Carolyn and Andrew discuss collapse (http://vimeo NULL.com/33870113).

Living Resiliently

  • Order the hard copy (http://www NULL.amazon NULL.com/Collapsing-Consciously-Transformative-Turbulent-Activism/dp/1583947124/ref=la_B002POHCPU_1_1?s=books&ie=UTF8&qid=1392342533&sr=1-1) which contains 17 essays and 52 reflections.
  • Order the e-book (http://www NULL.randomhouse NULL.com/book/232161/collapsing-consciously-meditations-by-carolyn-baker-phd) which contains 313 additional reflections.

Carolyn’s Latest Books

JUST RELEASED

Order now (http://www NULL.amazon NULL.com/Navigating-Coming-Chaos-Handbook-Transition/dp/1450270875/ref=sr_1_1?ie=UTF8&s=books&qid=1295907633&sr=1-1) Read the Introduction (http://carolynbaker NULL.net/wp-content/uploads/2011/01/Navigating_intro NULL.pdf)

Watch Navigating the Coming Chaos (part one) (http://vimeo NULL.com/21400927) on Vimeo.

Sacred Demise

(http://www NULL.amazon NULL.com/Sacred-Demise-Spiritual-Industrial-Civilizations/dp/1440119724/ref=cm_cr_pr_product_top?tag=533633855-20)
Purchase the book (http://www NULL.amazon NULL.com/Sacred-Demise-Spiritual-Industrial-Civilizations/dp/1440119724/ref=cm_cr_pr_product_top?tag=533633855-20) Read the foreword (http://carolynbaker NULL.net/wp-content/uploads/2010/11/sacred_demise_foreword NULL.pdf)

The Great Collapse Has Officially Begun, By Graham Summers

ORIGINAL ARTICLE (http://www NULL.zerohedge NULL.com/contributed/great-collapse-has-officially-begun)

I’ve been warning of this for well over two years. My primary warnings were:

 

  • 1)   That 2008 was just a warm-up
  • 2)   That the REAL Crisis had yet to unfold
  • 3)   That the REAL Crisis would make 2008 look like a picnic

Well, the period I’ve been warning of is now here.  What’s happening right now is not just a market crash, bear market, deflation, or any other item related to just one asset class.

 

Instead, this is a collapse of the entire US monetary and political system and the mentality of spending one’s way to wealth.

 

For 80+ years, the US has operated under a crony capitalist system in which politicians dole out political and economic favors to the chosen few whose bribes/donations funded their campaigns.

 

This system was aided and abetted by the US Federal Reserve, which dealt with any and all economic issues by printing more money. Whether it was the Asian Crisis, Long Term Capital Management, or the 2008 Crash, the Fed dealt with the issue by opening the floodgates and flooding the financial system with liquidity.

 

Aside from making moral hazard (the notion that those large firms who screwed up were never actually allowed to fail) the bedrock of the financial system, the Fed also blew a credit bubble which in turn funded bubbles in virtually every asset class: bonds, stocks, real estate, emerging markets, even some commodities.

 

Indeed, the vast majority of US economic growth over the last 40 years has been fueled by the Fed’s loose money policies. Bill King, an analyst and investor whom I admire, shared the below chart with me a while back. It charts US GDP growth in nominal terms (the dark blue line), the performance of the Dow Jones Industrial Average (the black line), and REAL GDP growth or growth that accounts for inflation (the light blue line).

 

 

As you can see, when we account for inflation, the US economic “miracle” of the last 30 years is in fact not all that miraculous. Take away easy credit and Fed funny money and the US GDP has barely grown at all since the ‘70s.

 

When your entire financial system is built on debt eventually you hit a brick wall. We did this in 2008. The Fedbarely held the system together by going “all in” and funneling over $11 trillion in bailouts, backstopping the major US banks, and transferring north of $2 trillion in garbage debt to the public’s balance sheet (these are just the moves we know about).

 

This effort has now failed as the world collectively realizes that the Fed cannot hold the system together. This began to become clear when QE 2 spent $600 billion and the US got at most three months’ worth of improved economic data (while inflation exploded throughout the global economy, leading to riots, coups, and more).

 

In simple terms, we’ve now entered the Real Crisis, the END GAME, for our current monetary system. Before the dust settles on this mess, the US and its political, economic, monetary structure will look very very different.

 

However, before we get there, we will see riots, civil unrest, possibly martial law, for certain a Government shutdown, bank holidays, a debt default/ restructuring, the re-instatement of the Gold standard or something like it (possibly a basket of commodities), food shortages, and more.

 

We will also see trade wars, possibly another World War, a temporary backlash against globalization, a de-consolidation or fragmentation of corporate America, and other items.

 

In plain terms, we’re entering a period in history that will rival the Revolutionary war. This country will be veryvery different by the time it has ended. Many people will lose everything in this mess. Yes, everything. So if you have yet to take steps to prepare for this, you need to get moving NOW!

 

I can show you how. Indeed, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

 

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

 

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com (http://www NULL.gainspainscapital NULL.com/)and click on the OUR FREE REPORTS tab.

 

Good Investing!

 

Graham Summers

 

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.

 

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com (http://www NULL.gainspainscapital NULL.com/).

 

2 comments to The Great Collapse Has Officially Begun, By Graham Summers

  • Gary Stamper (http://www NULL.garystamper NULL.com)

    Graham, if you’re participating in the Infinite Growth Monetary Paradigm, whether by invest in the system or participating in it, you’re part of the problem. The system is unsustainable and you delay it’s necessary and inevitable collapse by supporting it and playing your wealth protection game. Get out….buy precious metals and commodities but not paper.

  • bc shaman

    So the economy seems ready to totally tank but there is a way for a few to make wise investments and prosper while the rest of the world suffers in misery. Just follow your fail-safe investment advice. Glad to know some will get rich off other’s misfortune.

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