The Roman Empire was around longer than the Persian Empire. If one considers NATO to be an imperial structure, then by this logic, we still have about 250 years left.

I don’t think that’s THE problem. This statement isn’t to say the state of affairs is good or bad. Those who think America is about to collapse because it are wrong-although it might (or might not) still be hurting America.

Big difference here.

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That profit is what the US government wants so it can keep spending and controlling, while Americans are looking for financial relief and access to health care services that will never come via the government-controlled health care plan.

I’m sure too that aspiring doctors never thought of themselves as working towards being employees of health insurance companies!

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What ITMB Rangel never acknowledges in this interview is that they want to replace private insurance companies with the ‘USA Insurance Corporation’.

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The Dark Years Are Here
July 17, 2009
http://www.gold-eagle.com/editorials_08/greyerz071709.html

excerpts…

“In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades.

But even the current figure of 30 million unemployed is a catastrophe. Adding dependants to every unemployed person there are currently 100 million people affected by unemployment in the US. In the next three months 3 million unemployed will fall out of the social security safety-net. These are the people who were laid off in the second half of 2008. Including their families this means that around 10 million people will become destitute between now and September with no social security and no savings. If we then add the 4 million that were made redundant in the first half of 2009 that will result in an additional 13 million people including families will become destitute around Christmas. This is a disaster of unimaginable consequences that will affect the whole fabric of American society.

During the next 6-9 months unemployment will severely affect most parts of the world including China, Asia and Africa. Never before has there been a global unemployment crisis affecting the world simultaneously. This will not only mean a massive decline in consumption and world trade leading to a recession or depression worldwide but also poverty, famine and social unrest.

Yes, many banks are paying higher bonuses in 2009 than 2008. Goldman Sachs is on course to pay bonuses of $20 billion or $700,00 per employee and Morgan Stanley a 30% increase from average per employee of $262,000 last year to $340,000 this year. JP Morgan’s bonus pool for the first quarter of 2009 is up 175% to $3.3 billion and the new chief executive of RBS, the nationalized UK bank is getting an incentive package worth £10 million! Similar bonuses are being paid by many other banks. Barclays Capital for example is on a massive spending spree recruiting executives with golden hellos and guaranteed bonuses of millions per employee.

Secondly the next phase of problems in the financial system will start by the autumn of 2009 at the latest. Since this will come as a total shock to everyone the effect will be much worse than in 2008. So far US banks have taken losses of $1.1 trillion. Conservative estimates put total losses at $2.2 trillion but realistic estimates are around $4 trillion and this excludes any problems in the $600 trillion to $1 quadrillion derivatives market a big part of which is worthless. In the next round of capital raising for banks there will only be one investor – the government. Thus there will be more money printing.”

,,Government paper will collapse – first in the US and UK
With the escalation of money printing markets will be flooded with government paper which nobody wants, leaving governments to buy its own junk. The two countries with the worst problems are the UK and the US and their precarious situation will emerge first. Within the next few months rating agencies are likely to downgrade both countries’ debt. This will lead to the value of the treasury bonds and gilts collapsing and interest rates quickly moving up into the teens. The higher rates will make the financing costs of the debt to up exponentially leading to more money printing and higher interest rates. This is the “perfect” vicious circle that will end in a hyperinflationary depression.

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