No One In Washington Or In Democrat Or Republican Party Really Understand The Basis For The Tea Party.

Further Proof The Establishment Still Doesn’t Get The Tea Party

June 16, 2014 by Bob Livingston 

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A Tea Party protestor attending a rally in Phoenix in 2009.

Dave Brat’s historic upset of conservative-in-name-only (CINO) pro-amnesty Republican Majority Leader Eric Cantor not only made the GOP establishment go temporarily insane, it showed, once again, that even after seven years, the Washington elites still have no concept of what the Tea Party really is.

One would think that a conservative publication like The Washington Examinerwould have at least an inkling of an idea. But in his post-mortem of Cantor’s stunning defeat, The Examiner’s T. Beckett Adams showed that Washington, D.C., is so insular and so insulated that it is completely clueless about what is happening in America.

Exercising doublethink only a propagandist for the GOP establishment could employ, Adams wrote that Brat was a Tea Party candidate without Tea Party support who won because of a “strong, personalized ground game.” The Tea Party, Adams writes, “had nothing to do with Cantor’s defeat.”

Adams could not be more wrong. While it’s true that so-called Tea Party organizations like Club for Growth, Freedom Works and Tea Party Patriots sat on the sidelines in the Brat/Cantor Virginia primary, the real Tea Party was hard at work.

The idea of using the Boston Tea Party as the backdrop for a movement against ever-expanding government got its start in 2007 as a money bomb for Ron Paul on the anniversary of the Boston Tea Party. Held on December 16, it was dubbed Boston Tea Party 07.

Two years later, from the floor of the Chicago Mercantile Exchange, Rick Santelli made a famous nationally televised rant against bailouts for underwater homeowners on February 19, 2009.

That week in February, President Barack Obama was busy crossing the country stumping for Federal bailouts and “stimulus” programs. Americans, fed up with both Republicans and Democrats and their bailouts for the crony corporations and banksters, began staging “raucous grassroots rebellions against Beltway spending binges,” as Michelle Malkin wrote at the time. “The new Boston Tea Party is here, baby,” she proclaimed.

No one covered and promoted the local grassroots, mom-and pop-inspired protests more than Malkin. In her column, Rebel yell: Taxpayers revolt against gimme-mania, she wrote:

The first revolt took place on President’s Day in Smurf-blue Seattle, where mom-blogger Keli Carender hastily organized a downtown demonstration to oppose what they called the “stimulus rip-off.” A motley band of nearly 100 protesters — moms and their kids, college students, libertarians, taxpayer groups, GOP activists — raised their voices and dined on pulled pork (donated by yours truly). They assailed both the substance of the overstuffed stimulus package and the short-circuited, non-transparent process by which it was passed.

Some wore pig noses. Others waved Old Glory and “Don’t Tread on Me” flags. Their handmade signs read: “Say No to Generational Theft;” “Obama’$ Porkulu$ Wear$ Lip$tick;” and “I don’t want to pay for the SwindleUs! I’m only 10 years old!” The event was peaceful, save for an unhinged city-dweller who showed his tolerance by barging onto the speakers’ stage and giving a Nazi salute.

Carender, a newcomer to political activism, shared advice for other first-timers: “Basically everyone, you just have to do it. Call up your police station or parks department and ask how you can obtain a permit, and then just start advertising. The word will spread. I am only one person, but with a little hard work this protest has become the efforts of a lot of people.”

Why bother? It’s for posterity’s sake. For the historical record. And, hopefully, it will spur others to move from the phones and computers to the streets. For Carender, it’s just the beginning. She gathered all the attendees’ e-mail addresses and will keep up the pressure.

Similar protests, often promoted by local conservative talk radio stations and hosts, began springing up in cities and towns across the nation. Those people and groups weren’t the hated Koch brothers, nor were they inspired or funded by them, despite what the Washington establishment and their propagandists in mainstream media have told you. Many, if not most of those attending Tea Party gatherings, had never even heard of the Koch brothers.

These were owners of small businesses, homemakers, blue collar workers, college students, retirees and veterans who were uniting for a common purpose: To oppose big government, bailouts and increased taxes. The Tea in their adopted name was an acronym for taxed enough already.

The national Tea Party organizations sprang up in the aftermath of those grassroots protests when it became obvious the movement was taking off. While they share some ideas with the local groups—or at least claim to—they have little else in common with them. For instance, both Club for Growth and Freedom Works long ago promised to sit out the immigration battle. Yet Cantor’s pro-amnesty stance is one of the main factors in his defeat. Local Tea Party groups—and most conservatives and rank and file Republicans—staunchly oppose amnesty.

In Alabama’s June 2 primary for the State’s 6^th Congressional District— which National Review declared the most important race in the country — national Tea Party groups sponsored and threw hundreds of thousands of dollars at a candidate: physician Chad Mathis. Mathis, a recent transplant to Alabama, had no ties to the State, was a poor public speaker, and in debates, he demonstrated no personality and little grasp of policy.

Local Tea Party groups backed State Senator Scott Beason, a longtime thorn in the side of the State’s Republican establishment who had advocated for pro-gun legislation and led a fight against Common Core.

Despite the heavy spending on mostly negative attack ads, Mathis finished fourth in the seven-man race. Beason, running an underfunded grassroots campaign in which he was outspent by four other candidates than nine to one each, finished third, narrowly missing the two-man runoff. Had he the funding poured into Mathis’ campaign, he likely would have led the field. He at least would have been in the runoff facing one of the two who finished ahead of him: the establishment, business-backed candidate or the policy wonk.

The national Tea party organizations are infiltrated with members of the GOP establishment and they represent various establishment wings. They are typically a little more conservative than, say, John McCain and his lapdog Lindsey Graham. But they aren’t necessarily representative of the grassroots and they are beholden to K-Street and crony corporations for funding—hence their decision to sit out the immigration debate being pushed by the U.S. Chamber of Commerce.

The national media were premature in announcing the demise of the Tea Party last month after some of the candidates they backed lost their elections.

Despite the defeats, and many others that are sure to come, the Tea Party is far from dead. Otherwise, why would establishment warmongers like Representative Peter King (Sourpuss-N.Y.) lament in the aftermath of Cantor’s defeat that he wondered whether the GOP was crumbling as a whole. “I don’t know where we go now as a party,” he said in an interview. “I’m very concerned that we may go all the way to the right.”

That’s the point: Many real Tea Partiers hope the GOP moves “all the way to the right” or crumbles altogether.

The GOP, a party of mercantilism since its inception, has been gradually moving left for more than 100 years. It’s going to take more than seven years to move it far enough right to make it a party of the Constitution. The Tea Party is not an organization. It is an idea—a movement—and rumors of its impending demise are exaggerated. The GOP establishment would do well to figure that out sooner rather than later.

Individuals Not Looking For Work Increase, Unemployment Down--Administration Cheers!

More Phoniness From The Phony Regime

February 10, 2014 by Bob Livingston 

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Supporters of the regime will crow over Friday’s lower unemployment number as a sign that the economy is recovering, even as signs abound that things are not at all rosy for the 99 percent.

The Bureau of Labor Statistic’s phony unemployment number has the unemployment rate dropping from 6.7 percent to 6.6 percent, even though hiring was weaker in January than expected and the month’s non-farm payroll numbers of 113,000 new jobs fell far short of the expected 180,000. The 6.6 percent number consists of the 10.2 million Americans actively seeking work. It ignores the 91.4 million working-age and work-capable Americans not working and not seeking work.

Despite an increase in U.S. population of almost 10 million people from January 2008 to today, there are 1,154,000 fewer Americans working now than six years ago. Those considered long-term unemployed (unemployed for 27 weeks or more) totaled 3.6 million.

Another 2.6 million were considered marginally attached the labor force. That means they were not working even though they were available for work and wanted and had been seeking jobs within the past 12 months (though not in the past four weeks), so they were not counted as unemployed. Another 837,000 were considered marginally attached discouraged workers because they were not currently looking for work in the belief that no jobs were available to them.

Regime supporters will probably also crow that, despite the “disappointing” job growth, the U.S. stock market continued to do what it’s been doing: acting irrationally. It is evidence that the stock market is supported by funny money and has no basis in reality. Or as CNNMoneywrote, “Bad news may be good news again.”

In other words, CNNMoney is saying that the bad news will cause the Fed to pull back on its taper of QE to infinity from $85 billion a month to $75 billion in December and then $65 billion in January. This is all the evidence needed to demonstrate the recent stock market highs are not reality-based but are based on the promise of more money printing.

Unfortunately, the bad news that is good news for the banksters is really bad news for the middle class. According to the Fed, half the U.S. population has seen a 40 percent decrease in wealth since 2007. That’s because the banksters get their hands on the newly printed money before inflation steals it away. But that’s not so for the rest of us.

The regime is currently pulling out all the stops in order to stave off collapse as long as possible. So far, it has been successful in keeping the masses happy and deceived, thanks to growing food stamp and disability rolls. But there is activity all over the world that signals the global financial collapse may be accelerating.

Mark Faber of the Boom, Gloom & Doom Report says that “company insiders are selling their shares like crazy.” He suggests to his clients to short the Russell 2000 index and says, “I own physical gold because the old system will implode. Those who own paper assets are doomed.”

On Jan. 29, investors pulled $6.3 billion from emerging market equity funds. That was the largest outflow on record. The sell-off actually began last month when Argentina gave up trying to defend the value of its currency. That forced central banks in India, Turkey and South Africa to raise interest rates to try to stop the outflow of their currencies.

Latin American currencies are collapsing. Year-over-year, they’ve dropped 15.75 percent. That’s the most since the Lehman Brothers collapse that set off the recession.

Peter Schiff, who predicted the 2007 collapse in August 2006 — way before almost everyone else saw it coming — says we’re headed for a worse economic crisis than we had in 2007.

“The crisis is imminent,” Schiff said. “I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”

“We’re broke, Schiff added. “We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”

Schiff points out that the market gains experienced recently, with the Dow first topping 17,000 on its way to setting record highs, are giving investors a false sense of security.

“It’s not that the stock market is gaining value… it’s that our money is losing value. And so if you have a debased currency… a devalued currency, the price of everything goes up. Stocks are no exception,” he said.

“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”

Meanwhile, life is growing tough for international banksters. In four days last week, three of them apparently committed suicide, writes Wall Street On Parade. All the dead were tied to banks and an investment firm currently involved in rigging scandals and under investigation by regulators.

While the regime has thus far kept inflation at bay because the printed money is currently being hoarded by the banksters, that money will inevitably hit the economy like a bursting dam.

Please remember that in the coming inflation, food stamps and all U.S. entitlement programs will come to a complete halt. For those millions of people on Social Security and/or other entitlements, I do not believe that these will be stopped or cut per se. But the same effect would come about through inflation of the currency. And there will be means testing for Social Security.

My friends, you will get your money; but it will be so worthless that it won’t buy anything. So what’s new? We have experienced this for years.

We have warned for years to buy silver and gold and store food and water. Ha, doesn’t sound so way out now, does it? Buying gold and silver and storing food and water is the only way Americans can survive the chaos that we are now in. You ain’t seen nothing yet. Be alert!

Buy and sell your gold and silver as it corrects down? Never!! If you do, you will be painfully sorry. You think that you are smart enough to sell and buy back in at a lower price? You’re not; you will lose your shirt. The manipulators use no rhyme or reason that you can discern.

What will happen at the top? Stay with us as we stay in tune with the markets.

Gold, silver and food will outrun the collapse of the dollar. If the U.S. dollar goes, as it surely will, you can begin bartering with your most valuable assets.

Some people suggest that a new dollar will appear, backed by silver or gold. I don’t know, but I expect either that or some quasi-gold monetary system.

Is the U.S. government and Federal Reserve system collapsing? I can easily answer that with this question: Is the U.S. dollar collapsing? A currency that is being depreciated or inflated is, by all definitions, collapsing. This fact has nothing to do with whether we believe it or not.

Can it be stopped short of collapse? If stopped now, it would cause a collapse even sooner. What do we mean? We mean that we have passed the point of no return. There is too much fraud and too much debt in the United States. That’s why you see the market pull back every time there is talk of taper and why you see it explode upward when the talk subsides.

How long do we have? It appears to me that we are very close to economic and social collapse. But times can yet wobble along for months or even a few years. It is a certainty that things will get visibly worse in many ways, especially now that the endgame is here.

Who Would Win A Second Civil War? Is Even That Type Of Event Possible?

Is America Being Deliberately Pushed Toward Civil War?

November 5, 2013 by Brandon Smith 

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In 2009, Jim Rickards, a lawyer, investment banker and adviser on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense, participated in a secret war game sponsored by the Pentagon at the Applied Physics Laboratory (APL). The game’s objective was to simulate and explore the potential outcomes and effects of a global financial war. At the end of the war game, the Pentagon concluded that the U.S. dollar was at extreme risk of devaluation and collapse in the near term, triggered either by a default of the U.S. Treasury and the dumping of bonds by foreign investors or by hyperinflation by the private Federal Reserve.

These revelations were interesting not because they were “new” or “shocking.” Rather, they were interesting because many of us in the field of alternative economics had already predicted the same outcome for the American financial system years before the APL decided to entertain the notion. At least, that is what the public record indicates.

The idea that our government has indeed run economic collapse scenarios, found the United States in mortal danger and done absolutely nothing to fix the problem is bad enough. I have my doubts, however, that the Pentagon or partnered private think tanks like the RAND Corporation did not run scenarios on dollar collapse before 2009. In fact, I believe there is much evidence to suggest that the military industrial complex has not only been aware of the fiscal weaknesses of the U.S. system for decades, but they have also been actively engaged in exploiting those weaknesses in order to manipulate the American public with fears of cultural catastrophe.

History teaches us that most economic crisis events are followed or preceded immediately by international or domestic conflict. War is the looming shadow behind nearly all fiscal disasters. I suspect that numerous corporate think tanks and the Department Of Defense are perfectly aware of this relationship and have war gamed such events as well. Internal strife and civil war are often natural side effects of economic despair within any population.

Has a second civil war been “gamed” by our government? And are Americans being swindled into fighting and killing each other while the banksters who created the mess observe at their leisure, waiting until the dust settles to return to the scene and collect their prize? Here are some examples of how both sides of the false left/right paradigm are being goaded into turning on each other.

Conservatives: Taunting The Resting Lion

Conservatives, especially Constitutional conservatives, are the warrior class of American society. The average conservative is far more likely to own a firearm, have extensive tactical training with that firearm, have military experience and have less psychological fear of conflict; and he is more apt to take independent physical action in the face of an immediate threat. Constitutional conservatives are also more likely to fight based on principal and heritage, rather than personal gain, and less likely to get wrapped up in the madness of mob activity.

What’s the greatest weakness of conservatives? It’s their tendency to entertain leadership by men who claim exceptional warrior status, even if those men are not necessarily honorable.

Constitutional conservatives are the most substantial existing threat to the establishment hierarchy because, unlike dissenting groups of the past, we know exactly who the guiding hand is behind economic and social calamity. In response, the overall conservative culture has come under relentless attack by the establishment using the Administration of President Barack Obama as a middleman. The goal, I believe, is to direct conservative rage toward the Democratic left and away from the elites. The actions of the White House have become so absurd and so openly hostile as of late that I can surmise only that this is a deliberate strategy to lure conservatives into ill-conceived retaliation against a puppet government, rather than the men behind the curtain.

Department of Defense propaganda briefings with military personnel have been exposed. These briefings train current serving soldiers to view Tea Party conservatives and even Christian organizations as “dangerous extremists.” Reports from sources within Fort Hood andFort Shelby confirm this trend.

The DOD has denied some of the allegations or claimed that it has “corrected” the problem; however, Judicial Watch has obtained official training documents through a Freedom of Information Act request that affirm that extremist profiling is an integral part of these military briefings. The documents also cite none other than the Southern Poverty Law Center (SPLC) as a primary resource for the training classes. The SPLC attacks Constitutional organizations and associates them with terrorist and racist groups on a regular basis. (Check pages 32-33.)

This indoctrination program has accelerated since January 2013, after Professor Arie Perliger, a member of a West Point think tank called Combating Terrorism Center, published and circulated a report called “Challengers From The Sidelines: Understanding America’s Violent Far Right” at West Point. The report classified “far right extremists” as “domestic enemies” who commonly “espouse strong convictions regarding the federal government , believing it to be corrupt and tyrannical, with a natural tendency to intrude on individuals’ civil and constitutional rights… they support civil activism, individual freedoms, and self government.”

Soldiers have been told that associating with “far right extremist groups” could be used as grounds for court-martial. A general purge of associated symbolism has ensued, including new orders handed down to Navy SEALs that demand that operators remove the “Don’t Tread On Me” Navy Jack patch from their uniforms.

The indoctrination of the military also follows on the heels of a massive media campaign to demonize Constitutional conservatives who fought against Obamacare in the latest debt ceiling debate as “domestic enemies” and “terrorists.” I documented this in my recent article“Are Constitutional Conservatives Really the Boogeyman.”

Obama and his ilk have been caught red-handed in numerous conspiracies, including Fast and Furious, which shipped American arms through the Bureau of Alcohol, Tobacco, Firearms and Explosives into the hands of Mexican drug cartels. And how about the exposure of the Internal Revenue Service’s using its bureaucracy as a weapon to harass Tea Party organizations and activists? And what about Benghazi, Libya, the terrorist attack that Barack Obama and Hillary Clinton allowed to happen, if they didn’t directly order it to happen? And let’s not forget about the Edward Snowden revelations, which finally made Americans understand that mass surveillance of our population is a constant reality.

To add icing to the cake, a new book called Double Down, which chronicles the Obama campaign of 2012, quotes personal aides to the President who relate that Obama, a Nobel Peace Prize winner, when discussing his use of drone strikes, bragged that he was “really good at killing people.”

Now, my question is, why would the Obama Administration make so many “mistakes,” attack conservatives with such a lack of subtlety and attempt to openly propagandize rank-and-file soldiers, many of whom identify with conservative values? Is it all just insane hubris, or is he serving his handlers by trying to purposely create a volatile response?

Liberals: Taking Away The Cookie Jar

Many on the so-called “left” are socially oriented and find solace in the functions of the group, rather than individualism. They seek safety in administration, centralization and government welfare. Wealth is frowned upon, while “harmonization” of wealth is cheered. They see government as necessary to the daily survival of the nation, and they work to expand Federal influence into all facets of life. Some liberals do this out of a desire to elevate the poverty-stricken and ensure certain educational standards. However, they tend to ignore the homogenizing effect this strategy has on society, making everyone equally destitute and equally stupid. Their faith in government subsidies also makes them vulnerable to funding cuts and reductions in entitlements. The left normally fights only when their standard of living and comfort to which they have grown accustomed plummets below a certain threshold, and mob methods are usually their fallback form of retaliation.

Austerity cuts, which the mainstream media calls the “sequester,” are beginning to take effect. But they are being applied in areas that are clearly meant to create the most public anger. Reductions in welfare programs are also being implemented in a way that will certainly agitate average left-leaning citizens. The debt debate itself revolved around those who want the government to spend within its means versus those who want the government to spend even more on welfare programs. The loss of subsidies is at bottom the greatest fear of the left.

Note from the Editor: Round two of the financial meltdown is predicted to reach global proportions, already adversely affecting Greece, Spain and most of Europe. It appears less severe in the states because our banks are printing useless fiat currency. I’ve arranged for readers to get two free books—Surviving a Global financial Crisis and Currency Collapse, plus How to Survive the Collapse of Civilization—to help you prepare for the worst. Click here for your free copies.

A sudden and inexplicable shutdown of electronic benefit transfer cards (EBT cards or food stamps) occurred in more than 17 States while the debt debate just happened to be climaxing. This month, cuts to existing food stamp funds have taken effect, and food pantries across the country are scrambling against a sharp spike in demand.

Remember, about 50 million Americans are currently dependent on EBT welfare in order to feed themselves and their families. The response to the relatively short EBT shutdown last month was outright fury. Imagine the response in the event of a long-term shutdown or if extraneous cuts were to occur? And where would that anger be directed? Since the entire debt debacle has been blamed on the Tea Party, I suspect conservatives will be the main target of welfare mobs.

The left, once just as opposed to government stimulus and banker bailouts as the right, is now unwittingly throwing its support behind infinite stimulus in order to cement the continued existence of precious Federal handouts. The issue of Obamacare has utterly blinded liberals to fiscal responsibility. Universal healthcare, perhaps the ultimate Federal handout, is a prize too titillating for them to ignore. Democrats will now go to incredible lengths to defend the Obama White House regardless of past crimes.

They are willing to ignore his offenses against the 4^th Amendment and personal privacy. They are willing to look past his offenses against the 1^st Amendment, including the Constitutional right to trial by jury for all Americans, and Obama’s secret war against the free speech of whistle-blowers. They are willing to shrug off his endless warmongering in the Mideast, his attempts to foment new war in Syria and Iran, and his support for predator drone strikes in sovereign nations causing severe civilian collateral damage. They are willing to forget Snowden, mass surveillance and executive assassination lists — all for Obamacare.

And the saddest thing of all? It is likely that Obamacare was never meant to be successful in the first place.

Does anyone really believe that the White House, with billions of dollars at its disposal, could not get a website off the ground if it really wanted to? Does anyone really believe that Obama would launch the crowning jewel of his Presidency without making certain that it was fully operational, unless this was part of a greater scheme?

Already, liberal websites and forums across the blogosphere are abuzz with talk of sabotage of the Obamacare website by “the radical right” and the diabolical Koch Brothers. Once again, conservatives are presented as the culprits behind all the left’s troubles.

As I have stated in the past, Obamacare is designed to fail. The government has no capacity to fund it, and never will. Its only conceivable purpose is to further divide the country and excite both sides of the false paradigm into attacking each other as the reason the system is failing, when both sides should be questioning whether the current system should exist at all.

As the situation stands today, at least 50 million welfare recipients and who know how many others exist as a resource pool for the establishment to be used to wreak havoc on the rest of us. All they have to do is take away the cookie jar.

Who Would Win?

Who would prevail in a second American civil war? Tactically, conservatives have the upper hand and are far better prepared. Food rioters wouldn’t last beyond three to six weeks as starvation takes its toll, and mindless mobs would not last long against seasoned riflemen. The military, though suffering purges by the White House, still contains numerous conservatives within its ranks. Outside influences, including NATO or the United Nations, are a possibility. There are numerous factors to consider. But I would point out that the most dangerous adversary Constitutional conservatives face is not the left, Obama or a Federal government gone rogue. Rather, our greatest adversary is ourselves.

If lured into a left/right civil war, would most conservatives be able to see beyond the veil and recognize that the fight is not about Obama, or the Left, or tyrannical government alone? Could we be co-opted by devious influences disguised as friends and compatriots? Will we end up following neocon salesmen and military elites who materialize out of the woodwork at the last minute to lead us to victory while actually leading us to globalization with a slightly different face?

If a civil conflict has been war gamed by the establishment, you can bet they have contingency plans regardless of which side attains the upper hand. In the end, if we do not make the fight about the bankers and globalists, the Federal Reserve, the International Monetary Fund, the Council On Foreign Relations, etc., then everyone loses. Who wins in a new American civil war? If we become blinded by the trespasses of a certain White House jester, only the globalists will win.

Cyprus Only The Beginning

The mess in Cyprus will only be the beginning. Not only will banks be taken over but instead of assets of the bank being sold, depositors will lose money they put in the institution. 

There is a lesson here--don't put money into any institution anywhere near the FDIC limit! You will lose most, if not all of it.  Of course, that assumes that the FDIC will be able to protect the deposits up to the limit. 

Could we see the limit of FDIC insurance be determined by YOUR financial net worth? For example, say you are a millionaire and have $250,000 in a savings account and assume that the FDIC limit is reduced to $100,000. (Yes, we know that it was raised to $250,000 during the financial crisis--but only for certain assets, you need to check with your bank or financial advisor as to what assets are protected and how to maximize your protection.) http://www.bankrate.com/finance/savings/fdic-insures-bank-deposits-to-250-000-1.aspx

In our example above, could the government  reduce the amount of coverage based on your other assets. The left will ask this question: why should a multi millionaire (such as Buffet or Trump) have the same coverage as someone significantly less wealthy? Their idea will be to reduce to zero the amount of government guarantees you are able to assess as wealth increases. Would that make sense?  We are sure that the left would agree.

Cyprus is the template for the international banksters. Expect that  more countries will experience the effects of having money jerked out of their accounts in order to save an economy. However, it will not be limited to bank deposits, expect that your pension, 401k, 403b,457, and IRAs all will be subjected to the same seizure and confiscation. It will not be pretty.

Conservative Tom

Get Ready For Bank Runs

March 28, 2013 by Wayne Allyn Root 

The media was wrong in pronouncing the economic crisis over in Europe. They are wrong in America, too. The real economic indicators — the ones not based on fraud, propaganda, deception or delusion — prove that the economic crisis caused by too much government, too much spending, too much taxing, too many government regulations and too many government employees with obscene salaries and pensions is just beginning.

Get ready for bank runs, capital controls, theft of your pension funds, economic collapse and a government armed to the teeth that wants to disarm you: its citizens. Because what is happening now in Europe is a sign of things to come under Barack Obama.

The media has told us for months that “everything is fine in Europe, a recovery is under way, the worst is over.” Really? How’s that working out for you? The economic crisis and contagion in Europe that was supposedly “under control” are now spiraling out of control. There is desperation in the air. Fear and panic are everywhere.

Think I’m exaggerating? Well, don’t take my word for it. A major bank executive stated publicly last week: “Only Jesus can save the EU now.”

Bank runs might be a sign that things are deteriorating, don’t you think? Well, they started inCyprus last week as it became clear that Cyprus was bankrupt, insolvent and out of options.

Just as I’ve predicted in dozens of commentaries over the past three years, a historic economic collapse is under way in the EU. The media and world leaders denied it, but it’s getting worse by the day. Do you think this can’t happen in the United States under Obama? Think again.

Over the past three years in Europe we’ve heard political and leaders and economic experts recite the same lies over and over again: telling us to relax, government is smarter than you and we have it all under control. Recognize that theme? It’s the same theme we hear daily from Obama, his socialist lackeys and the Obama-adoring media here in the U.S. It’s how you keep the masses calm and prevent unrest, rioting and bank runs.

Well, the Cyprus crisis proves that the worst isn’t over; it’s actually just beginning.

More importantly, you need to understand how the EU “solved” the Cyprus crisis: by stealing the money out of the citizens’ personal bank accounts. The final decision is in. EU authorities are freezing any funds above 100,000 euros in personal bank accounts and stealing up to 40 percent to pay for the bailout.

But worst of all, this is now the model for what’s to come all around the globe. It was announced just yesterday that this is exactly how the EU will bail out Italy, Spain and France, too: by stealing money directly out of citizens’ bank accounts.

Well, I have news for the EU’s financial geniuses. They haven’t solved anything. This news will start a banking crisis. The falling dominoes will now accelerate. Tell me what sane citizen would keep more than 100,000 euros in his accounts any longer? Which means, starting at this moment, the wealthy of Europe are removing all their money from their bank accounts. And if no one has more than 100,000 euros in their bank accounts anymore, then the only choice for the next bailout will be raiding smaller bank accounts of average citizens — which was the original plan anyway.

Guess what this does to the EU banking system? There will be panic, uncertainty and loss of confidence. Your money is certainly no longer safe in a bank account. Guess how the first Great Depression started? Exactly how this one is starting: with bank runs and loss of confidence in the banking system. And if bank runs spread throughout Europe, you can be sure the United States is next, as American bank account holders realize that our money is no longer safe from theft by government in a crisis.

The Signs Of An EU Economic Collapse Are Everywhere

While the EU seizes bank accounts from citizens in Cyprus, Spain has already stolen the pensions of its citizens.

Formerly respectable professionals in Spain and Greece are eating out of dumpsters.

In Bulgaria citizens are so desperate they are setting themselves on fire.

In Greece there is no money to heat homes, forcing desperate residents go out into the night to cut down trees in parks and national forests to use as firewood.

We recently found out that Italy’s economic situation may be even worse off than pathetic, completely bankrupt Portugal.

In Italy buses return to the station because there is no money to pay for gasoline.

The Jobs Minister of France publicly slipped and called the country “completely bankrupt.”

Why is this not front-page news in the United States? Because the Obama-adoring media doesn’t want you to make the connection that Obama’s policies mirror the exact same policies that destroyed the EU: big government, big debt, big spending, big taxes, big unions, big pensions, big entitlements, early retirement, free healthcare, green energy and high-speed rail.

The EU is the canary in the coal mine. Europe’s economic collapse proves that if everyone actually believes they deserve something for “nothing,” and everyone either works for government or gets checks from government, and everyone thinks it is their right to have free healthcare, eventually the economy collapses and the country (or in this case, the continent) goes kaput. Eventually, everyone lives in shared misery and malaise.

We will be reading about this disaster in the history books decades from now, shaking our heads, saying: “How could we have been this stupid to think that government had the answer or that government was too big to fail or that there was such a thing as a free lunch?”

Now to put this all in perspective, the EU is America’s No. 1 trade partner, meaning our best customer is about to go broke. That’s just another hit on our economy. Secondly, the EU banking system will require a massive, record-setting bailout. Guess who will be on the hook to give them trillions of taxpayer dollars? The United States. And third, the EU economic plan that led to this disaster is nothing more than the Obama economic plan. They are mirror images. The EU just started a couple of decades sooner with its financial suicide.

Up next: America. Because what happens in Europe doesn’t stay in Europe. It’s just a sneak peak at our future under Obama. Get ready for the bank runs. Get ready for a crisis that makes 2008 look like a walk in the park. I’m Wayne Allyn Root for PersonalLiberty. See you next week right back here. And may God bless America — because we will need all the help we can get!