CIA Insider Warns: "25-Year Great Depression is About to Strike America"

[Victorian Gray]

 

[alcoholbob]

Hell you could say we are on a 50 year decline already. You could go to a sit down restaurant in the city, say San Francisco or LA in 1970 and pay $1 for your meal and come out with change. Today it's about $20 after the tip for 1 plate and you don't get as close to as much food as you got back in the 70s.

Has median income increased 20+ times to compensate? The median income of the working man in 1970 was $6,670, today the median wage is what, $36,000? About a 5-6 times increase in nominal income. So the average full time worker can go out and eat at 1/4 the frequency of their predecessor in 1970.

Or we can compare the McDonalds hamburger. $1.89 today, 18 cents in 1970. You could buy 37,056 of them on an annual salary in 1970, today you can buy 19,365. I don't think anybody would argue today's hamburger is better than the one we had in 1970 in terms of quality or quantity. Anyone whose eaten at a McDonalds outside the country can attest to the how bad the quality of the food at McDonalds is in the U.S. today. Again, there's a reason why Jimmy Carter says today's middle class is like the poor of the 1970s.

 

[SlickSnake]

That would make a truly awesome poster. I don't recall ever seeing a Time cover executed so well that I would actually hang it on my wall.

 

[WHAMPOM]

9-25-2014

http://moneymorning.com/ext/articles/rickards/25-year-great-depression.php?iris=252778

CIA Insider Warns: "25-Year Great Depression is About to Strike America"


You will want to remember this date March 26, 2015.


According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation's history.

Jim Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.

Name me a DOOM SAYER not pushing a book?

 

[Mai72]

Hell you could say we are on a 50 year decline already. You could go to a sit down restaurant in the city, say San Francisco or LA in 1970 and pay $1 for your meal and come out with change. Today it's about $20 after the tip for 1 plate and you don't get as close to as much food as you got back in the 70s.

Has median income increased 20+ times to compensate? The median income of the working man in 1970 was $6,670, today the median wage is what, $36,000? About a 5-6 times increase in nominal income. So the average full time worker can go out and eat at 1/4 the frequency of their predecessor in 1970.

Or we can compare the McDonalds hamburger. $1.89 today, 18 cents in 1970. You could buy 37,056 of them on an annual salary in 1970, today you can buy 19,365. I don't think anybody would argue today's hamburger is better than the one we had in 1970 in terms of quality or quantity. Anyone whose eaten at a McDonalds outside the country can attest to the how bad the quality of the food at McDonalds is in the U.S. today. Again, there's a reason why Jimmy Carter says today's middle class is like the poor of the 1970s.

Most people have not seen a decent wage increase in years. YEARS!! Yet, the average CEO has seen a 500% increase since the early 1990's. I saw a report that stated a CEO makes in one hour what a worker makes in one weeks of work. Everything has dramatically increased all around us. In NJ it's very difficult to support a family on a $50k a year salary.

Maybe we do need a crash. Let's push the restart button. Let's all start from nothing again. You're not taking any of this with you anyway.

 

[DCal430]

The reality is the global right wing is pushing for a global great depression, where the majority of the poor will die, and the rest will be easy to exploit and basically enslave.

 

[Mai72]

The reality is the global right wing is pushing for a global great depression, where the majority of the poor will die, and the rest will be easy to exploit and basically enslave.

I've felt that way since Bush took office.

 

[Ronstang]

You're getting dumber Dave.

Is that even possible??

 

[fskimospy]

Hell you could say we are on a 50 year decline already. You could go to a sit down restaurant in the city, say San Francisco or LA in 1970 and pay $1 for your meal and come out with change. Today it's about $20 after the tip for 1 plate and you don't get as close to as much food as you got back in the 70s.

Has median income increased 20+ times to compensate? The median income of the working man in 1970 was $6,670, today the median wage is what, $36,000? About a 5-6 times increase in nominal income. So the average full time worker can go out and eat at 1/4 the frequency of their predecessor in 1970.

Or we can compare the McDonalds hamburger. $1.89 today, 18 cents in 1970. You could buy 37,056 of them on an annual salary in 1970, today you can buy 19,365. I don't think anybody would argue today's hamburger is better than the one we had in 1970 in terms of quality or quantity. Anyone whose eaten at a McDonalds outside the country can attest to the how bad the quality of the food at McDonalds is in the U.S. today. Again, there's a reason why Jimmy Carter says today's middle class is like the poor of the 1970s.

I'm pretty sure mcdonalds has a hamburger on the dollar menu, which means that assuming the rest of your math is correct the number of them you can buy is basically exactly the same.

 

[inachu]

Most people have not seen a decent wage increase in years. YEARS!! Yet, the average CEO has seen a 500% increase since the early 1990's. I saw a report that stated a CEO makes in one hour what a worker makes in one weeks of work. Everything has dramatically increased all around us. In NJ it's very difficult to support a family on a $50k a year salary.

Maybe we do need a crash. Let's push the restart button. Let's all start from nothing again. You're not taking any of this with you anyway.

The crash will come. The UN will demand we acquiesce and bend over and be the first nation to drop its borders and national identity. We will instead be called North Americans. Canada and mexico will do the same within a couple of months. It will be like a tsunami this economic downturn.

The few who will fight it will be germany and Italy and greece. Israel will not be affected since they are one of the instigators of the new world order.

In fact Israel will demand to be named capital nation of the world.

Once everything settles down then a resurgence of anger will come and this will be the peak fear that everyone was warned about. Russia will see what will happen and will nuke Israel.

It will happen just like the Bible states because that is the book in which end time cults make sure IT WILL HAPPEN. They use the Bible as the play book.

Israel will call for more jews to immigrate back to Israel. Then because of population explosion in Israel they will have no choice but to expand its borders once again this time to grab their Biblical borders back.

China will remove their delegates from Russia for bombing Israel.

There will be a larger Tiananmen square protest like never before and even troops will join in with the protesters. It will be at this point earth largest genocide will take place. China will have 100% blackout and all reporters will be under arrest who are not chinese.

Cries to the world via satellite phones inside china will take place.
It will be at this point Russia will slam their fist down and demand a moment of calm in China.

Some Russians will start to help save chinese lives. Govt buildings will be invaded and documents removed and handed over to Mongolians.

Mongolians are shocked at what they find and they start handing out flyers to everyone as now they have their parents linage birth names.

People will line up to get their original family names back which was banned under rule of China.

In the long run China will be chopped up into smaller nations.

 

[Orignal Earl]

Too much time on my hands, it's ticking away with my sanity
I've got too much time on my hands, it's hard to believe such a calamity

http://www.azlyrics.com/lyrics/styx/toomuchtimeonmyhands.html

 

[Mai72]

I've been told that China and Russia are going to dump the US dollar. This will cause our currency to crash. This will hasten the demise in the west. How true is this?

 

[inachu]

I've been told that China and Russia are going to dump the US dollar. This will cause our currency to crash. This will hasten the demise in the west. How true is this?

We are crashing it on purpose so that we become the cheapest currency in the world so that soon everyone buys from us instead.

Some will argue that the intended crash will not lower the dollar as expected and some will try to make the dollar cash below even cheaper than vietnam or philipines.

This will make USA the #1 vacation spot for many nations around the world and the new crush stampede will be a boom for the airline industry as well as heighten airline security concerns.

 

[Mai72]

Dave, you might want to get some fluoride blocker from Alex Jones. Given some of your recent posts lately you've gone from mildly loony crank who can't stand anyone having move than you to frankly digging up the craziest crap from the dark corners of the web.

It may be time for a mental health intervention, you seem to be in a very dark place.

Ah. You people laugh now. :|

 

[fskimospy]

I've been told that China and Russia are going to dump the US dollar. This will cause our currency to crash. This will hasten the demise in the west. How true is this?

They aren't, and the dollar will be fine. A cheaper dollar would actually probably be helpful to the US economically.

 

[alcoholbob]

I'm pretty sure mcdonalds has a hamburger on the dollar menu, which means that assuming the rest of your math is correct the number of them you can buy is basically exactly the same.

The cheapest burger I've seen is $1.40 on the dollar menu of the McD in our area although you know since I'm not a Keynsian I don't believe just because someone chooses a subsitute due to price increases of the original that it gives the exact same utility. This isn't even going into the fact that the dollar menu is a recent mandate from corporate that is a loss leader for individual franchises.

More franchises IMO would opt-out of the dollar menu if it wasnt for the recent Supreme Court ruling that ruled in favor of franchisers fining franchises for not participating in corporate promotions.

 

[fskimospy]

The cheapest burger I've seen is $1.40 on the dollar menu of the McD in our area

The McDouble is currently for sale for $1.19 in NYC. (although not Manhattan!)

although you know since I'm not a Keynsian I don't believe just because someone chooses a subsitute due to price increases of the original that it gives the exact same utility.

Hedonic adjustment is not a Keynesian idea. Additionally, the McDouble apparently is considerably better than a hamburger as it has twice the meat and even has cheese! If we were using a hedonic adjustment it's likely that things would be even more in favor of my point.

This isn't even going into the fact that the dollar menu is a recent mandate from corporate that is a loss leader for individual franchises.

It's been in place for more than a decade. Restaurants are not required to participate.

You've gotten some bad info it seems. What's interesting about that is that this is yet another indication of how inflation statistics have been largely correct over the decades. The evidence just keeps piling up!

By the way, I can't believe I just looked that up. I feel dirty now.

 

[brycejones]

Ah. You people laugh now. :|

I don't laugh, people who try to take advantage of another's mental instability for personal profit are the lowest of the low.

 

[werepossum]

I do have a clue.

I was born in the same wing where the nazis were tried and executed.

So . . . You're saying you were a baby Nazi?

Now your posts make sense!

The McDouble is currently for sale for $1.19 in NYC. (although not Manhattan!)

Hedonic adjustment is not a Keynesian idea. Additionally, the McDouble apparently is considerably better than a hamburger as it has twice the meat and even has cheese! If we were using a hedonic adjustment it's likely that things would be even more in favor of my point.

It's been in place for more than a decade. Restaurants are not required to participate.

You've gotten some bad info it seems. What's interesting about that is that this is yet another indication of how inflation statistics have been largely correct over the decades. The evidence just keeps piling up!

By the way, I can't believe I just looked that up. I feel dirty now.

We have some serious systemic problems, but too many times people face these problems without realizing just how much better things have gotten. A hundred years ago, housing and food took most of what average people earned, and for many poor people housing meant a single rented room with a shared bath down the hall. Now even most of our poor have air conditioning, automobiles and cell phones.

 

[Thump553]

Hell you could say we are on a 50 year decline already. You could go to a sit down restaurant in the city, say San Francisco or LA in 1970 and pay $1 for your meal and come out with change. Today it's about $20 after the tip for 1 plate and you don't get as close to as much food as you got back in the 70s.

Has median income increased 20+ times to compensate? The median income of the working man in 1970 was $6,670, today the median wage is what, $36,000? About a 5-6 times increase in nominal income. So the average full time worker can go out and eat at 1/4 the frequency of their predecessor in 1970.

Or we can compare the McDonalds hamburger. $1.89 today, 18 cents in 1970. You could buy 37,056 of them on an annual salary in 1970, today you can buy 19,365. I don't think anybody would argue today's hamburger is better than the one we had in 1970 in terms of quality or quantity. Anyone whose eaten at a McDonalds outside the country can attest to the how bad the quality of the food at McDonalds is in the U.S. today. Again, there's a reason why Jimmy Carter says today's middle class is like the poor of the 1970s.

I graduated high school in 1971. I don't recall ever in my life getting change back from a dollar for a sit down meal (big city or not) unless you count dining in at McDs.

Things weren't all that hunky dory in 1970 either. We had pervasive and rapidly accelerating inflation (by 1978 mortgages were running 16-18% IF you could even get one), we had the draft, the futile war in Vietnam-which would end as Nixon and Kissinger could agree on the shape of the negotiating table, etc.

You do raise some good points but every era has it challenges. Sometimes when I am feeling especially pessimistic I believe GWB singlehanded marked the tipping point for the permanent decline of the USA but I sincerely hope I'm wrong. Unexpected things happen-like the rise of personal computers, iphones, etc which totally negate rational predictions made just a year or two earlier.

 

[blankslate]

Well before the Great Depression in the last century there was a prevailing trend that seems to be supported by many people in office now.

Not everything is the same of course but there are one or two parallels that could be pointed at, that I think not enough people are paying attention to.

Hopefully he is wrong but he might be right and a bit off in his estimation of the severity

I think he's right about a downturn but I am hoping he is very wrong about the how serious it is or how long it lasts.


.....

 

[rommelrommel]

The crash will come. The UN will demand we acquiesce and bend over and be the first nation to drop its borders and national identity. We will instead be called North Americans. Canada and mexico will do the same within a couple of months. It will be like a tsunami this economic downturn.

The few who will fight it will be germany and Italy and greece. Israel will not be affected since they are one of the instigators of the new world order.

In fact Israel will demand to be named capital nation of the world.

Once everything settles down then a resurgence of anger will come and this will be the peak fear that everyone was warned about. Russia will see what will happen and will nuke Israel.

It will happen just like the Bible states because that is the book in which end time cults make sure IT WILL HAPPEN. They use the Bible as the play book.

Israel will call for more jews to immigrate back to Israel. Then because of population explosion in Israel they will have no choice but to expand its borders once again this time to grab their Biblical borders back.

China will remove their delegates from Russia for bombing Israel.

There will be a larger Tiananmen square protest like never before and even troops will join in with the protesters. It will be at this point earth largest genocide will take place. China will have 100% blackout and all reporters will be under arrest who are not chinese.

Cries to the world via satellite phones inside china will take place.
It will be at this point Russia will slam their fist down and demand a moment of calm in China.

Some Russians will start to help save chinese lives. Govt buildings will be invaded and documents removed and handed over to Mongolians.

Mongolians are shocked at what they find and they start handing out flyers to everyone as now they have their parents linage birth names.

People will line up to get their original family names back which was banned under rule of China.

In the long run China will be chopped up into smaller nations.

If you're trying to take A420's title as resident crazy person you'll have to up your game.

 

[yllus]

The UN will demand we acquiesce and bend over and be the first nation to drop its borders and national identity.

Hahahaha

That was both my reaction to your statement and also an accurate portrayal of what any and every country on earth would say to that request. Thanks, I appreciated the early morning laugh.

 

[Blanky]

Well I've met a few in Thailand. They seem nice, but every time they talk it's about some kind of conspiracy story.

Back to the article. I've never heard of this guy before, and this is the first time I've been to the website. Most people are wrong when they try to predict the future.

Peter Schiff predicted the housing market collapse a few years ago. That's about the only person I can think of that has actually gotten it right.

is this the same peter Schiff who three years ago said good would be $5-10k within 5-10 years? Yep. Broken clocks are sometimes right.

The only thing stupider than these guys are the people who believe what they say. This march date in 2015 is looney talk.

More people need to start looking at the world and what people say with a critical eye.

 

[Blanky]

The reality is the global right wing is pushing for a global great depression, where the majority of the poor will die, and the rest will be easy to exploit and basically enslave.

How does this make any sense? If the rich want to enslave people why not keep more poor around? Also, poor are less educated and thus more easily controlled with misinformation. Your post makes no sense at all.