Jay and I discuss how the USA is following in the footsteps of the USSR, how financial collapse is progressing, how the various stages of collapse relate and what's in my new book.
You can listen to it here or
download the mp3 here.
In this week's episode of the radio program, Ellen Hodgson Brown and Dmitry Orlov discuss the continuing collapse of western society thanks to the parasitic behavior of our banking establishment.
With outright confiscation of depositor money in Cyprus, parasitic elite is no longer robbing us in the night through the hidden tax of inflation but now robs people through outright confiscation of deposits. How long yet before Robert Prechter's next “dark age” arrives? Orlov gives us an idea of which of the five Stages of Collapse the U.S. is now in, as he compares our demise to that of the former Soviet Union's collapse.
8 comments:
I haven't listened to the interview,I much prefer the written word,I can understand though transcripts are lot's of work.
It's just that I can read so much faster than someone can speak.
I skip video presentations for the same reason..I can't bear waiting.
(I will try and listen to it)
Two coasts with a vast and expanding desert between them.... spoken like someone who lives on the sea!
I live in the mountains and would say rather: a continental divide of resources with two flabby urban nightmares on each flank!
semantics. The outcome is the same from a geologic stand point.
Fortunately the desert has a few Great Lakes and major rivers, assuming they aren't destroyed by botulistic algae blooms and Asian carp. I predict that civilization will shrink back to water's edge where it began...
<3 "When you put money in the bank you are making an unsecured loan to an insolvent institution."
Sickening advert about gold exploration before I could listen. FYI Dmitry.
I would be interested to know what happened to people who were in debt during the Russian collapse? Logically I am thinking that if there is financial collapse, and the banks are bankrupt, then surely, just as everyones savings dissolve, so should eveyones debts dissolve. The news stories about Cyprus seem to focus on all those who have lost savings and have not mentioned those who have mortgages, loans, credit cards or overdrafts.
There is an article I found (http://www.about-larnaca.info/2012/12/people-who-owe-money-to-state-will-be.html)that says the Cypriot police are going to have a checkpoint at the airport and people can't leave the country until any debts to the government, like taxes or parking fines, have been cleared. But this is debts to the government not debts to the banks.
Surely they can't evict or chase everyone who defaults on a payment, when the whole system is going down?
Would it be wiser to get further in debt buying seeds, tools etc. in order to be better prepared for collapse? The alternative being to wait until all the debt is paid off, which may then be too late to prepare?
I want to use my pension, which I am pretty confident will be worthless in 20 years (if not a lot sooner), if I live that long. But rules in the UK make it virtually impossible to cash it in early. I would much rather have something solid in exchange, like two years supply of beans and rice, or owning more of my house!
Judy
http://rationthefuture.blogspot.co.uk/
Judy -
After the Soviet collapse creditors routinely got shot in the head (unless they had a criminal organization backing them) since the cost of a bullet was so much cheaper than the amount outstanding.
People in the Soviet Union did not have individual debts, everything that was normally loan-financed in the west (housing, healthcare etc.) was provided by the state for free in Russia. Moreover, personal loans from banks were effectively illegal. Therefore after the collapse there were no indebted people in Russia.
Those who borrowed shortly after the collapse and failed to repay were often indeed shot or departed with their property (flats, cars etc.).
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