economic-collapse

Destroying the world is actually lot easier than you might think – you will have to be patient, of course, but remember this: evil delayed is evil denied, and it is well worth the wait.

To destroy the world, you need to do three things – first: break the bond between husband and wife – second: break the bond between parent and child – and third: convince the population that they are helpless.

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Did you know that it has now been eight consecutive years without a formal United States federal budget. That means we’ve had eight consecutive years of debt ceiling increases, continued threats of government shut-downs and the back-and-forth blame resolutions to fund government.

As the stock markets all around the world are simultaneously crashing and warning signs continue to mount - Stefan Molyneux describes the latest news on the road to economic collapse.

Question 1: We are a married couple with three young children, but we fight about everything – including money, household chores, responsibility, etc. I realize now that we probably should have fixed our issues before getting married, but we simply chose to ignore all the red flags. Is there any chance to fix this marriage, or are we just simply too cowardly to let go and face the consequences of divorce?

Question 2: If we accept that the political process is unethical, wouldn’t it be wise to vote for Bernie Sanders, since a socialist president would speed up the eventual economic collapse of the American empire?

Question 3: I have been progressing through the stages of grief that people go through with a loss. I was very depressed and sad for a while as I realized that my religion was not true and all the consequences of that realization. Now, as I am figuring out what it means for me and my family for me to not believe while they do, I am angry at the very real situation created by nonsense stories. How do I channel this anger to keep it from seeping into my relationships? How do I hold back anger against the religion I feel so betrayed by to protect relationships with those who still believe?

As the financial markets plunge, many are desperately waiting to see if the Federal Reserve and Janet Yellen will decline to raise the Federal Funds Interest Rate from its current 0-0.25%. In light of the volatility shown by the Dow Jones Industrial Average and other economic indicators, Wall Street yearns for more quantitative easing in the form of QE4. | Peter Schiff and Stefan Molyneux discuss the latest news in the United States and global economy, including: the Chinese currency devaluation, fall of the Shanghai Stock Exchange Composite Index, mountains of debt, the Dollar compared to the Euro, the plunge in the price of Oil, Bernie Sanders popularity, Gold, Jon Stewart formerly of The Daily Show, minimum wage absurdity, the hatred of the rich and the economic future of the United States.

Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early - and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index’s history. Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index – but what is really going on?

Is the United States economy recovering - or are we being lied to by the mainstream establishment? Why has Gold recently hit a five year low despite long term predictions of it's rise in value? Are the government statistics on inflation accurate? What does the future hold for the US Dollar? Why has the Dollar strengthened and how will this play out in the long term? What does Peter Schiff think about Donald Trump and his recent success in the Republican presidential primary? | Also Includes: China economic situation, the Shanghai Stock Exchange Composite Index collapse, Puerto Rico debt default, gold repatriation, physical vs. paper gold holdings, the student debt bubble, the new real estate bubble, more quantitative easing, interest rates and what happens if you raise the minimum wage to $70,000 per year. | Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold. | Schiff Gold: http://schiffgold.com | Schiff Radio: http://www.schiffradio.com |Euro Pacific Capital: http://www.europac.com

Under a near crippling amount of debt and unfunded liabilities, Chicago lawmakers recently moved towards pension reform - but were denied by the courts who deemed the reforms to be in violation of the Illinois constitution. On May 12nd, 2015, Moody’s Investors Service downgraded Chicago’s credit rating once again, which means that in less than two years Chicago’s credit rating has dropped seven notches under the rating agency. Moody’s also announced major downgrades for the Chicago Board of Education and the Chicago Park District debt - reducing the bonds to junk levels. On July, 28th, 2015, Fitch Ratings followed by downgrading the Chicago Board of Education’s credit rating and also noted a negative outlook for the CPS which means that further downgrades are likely in the future. Chicago joins Detroit in the illusive group of major cities with junk bond ratings from major institutions, which carries with it incredibly serous financial repercussions and increases the costs of borrowing. The difference between the two cities is that Chicago’s debt and unfunded liabilities are more than three times higher than Detroit’s were when the city declared bankruptcy in 2013. Chicago is unable to restructure its debt because the state does not allow municipalities to go bankrupt. To put things in perspective: Every Chicago household is currently on the hook for at least $63,800 in local-government debt. If things couldn’t possibly get any worse, the threat of another teachers strike is looming over the Chicago Public Schools with the expiration of the teachers’ union contract. Negotiations have not gone well. Welcome to Chicago. There Will Be No Economic Recovery. | Sources: http://www.fdrurl.com/end-of-chicago

Western civilization is on a path to destruction. In coming decades, economies will shrink, democracy will retreat and nations crumble. The long-term result will be grinding poverty, superstition and disease. This isn't scaremongering it is science. In Biohistory: The Decline and Fall of the West, Jim Penman, PhD, details a revolutionary new theory about why civilizations collapse. For the first time, Penman directly links human biology with the rise and fall of civilizations a cataclysmic relationship that brought the Romans, the ancient Greeks and all other Empires to their knees. It is it already too late to change the course of history? | For more go to: http://www.biohistory.org and http://www.fdrurl.com/biohistory

The world’s economic landscape has been rocked by the Greece Debt Crisis and as austerity looms over the Greek population - Athens burns, protests mount and fear of a Grexit rises. As discussions about debt forgiveness and a possible bailout continue the Eurozone is on edge with fears as to the future stability of the Euro and the possibility of economic collapse. As Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel engage in a showdown with the world watching, everybody is looking for answers as to how this problem originated. | What is the Truth About the Greece Debt Crisis? How did this start - and how can it be prevented in the future? Those who don’t learn from their mistakes shall be doomed to repeat them. Sadly, politicians never learn. There will be no economic recovery, prepare yourself accordingly. | Includes: the Greek Civil War, Greek Economic Miracle, the International Monetary Fund (IMF), European Economic Community, the Panhellenic Socialist Movement (PASOK), the Industrial Reconstruction Organization (OAE), the destruction of the drachma, the Koskotas scandal, the point of no return and much much more! | Source: http://www.fdrurl.com/fall-of-greece

When debt consumes a country and its financial system collapses - who will pay? Who will be held responsible for the bad decisions, the debt and the malinvestment?

Throughout history, it is typically the young who are sacrificed for the sake of the older generation; young people are herded into the buzz saw of war and have their futures sold off through massive debts long before they escape the crib. As financial collapse looms above several major world economies - who will be held responsible when the bill comes due?