When the U.S. financial system completely fails
one day, the thin veneer of civilization that we all
take for granted will evaporate in a matter of days.
How bad will things get? That’s the trillion dollar question with some people talking about a huge tide of bank failures with runs on the banks turning into a stampede as the public begins to understand what is really going on. The FDIC, which insures trillions of dollars of Americans deposits in their banks, has no money or capital with which to carry out its obligations. The pace of bank seizures this year is likely to accelerate in coming months, FDIC officials have said. As the economy has weakened, with unemployment rising, home prices tumbling and loan defaults soaring, bank failures have accelerated and sapped billions of dollars out of the federal deposit insurance fund. It fell into the red last year, hitting a $20.9 billion deficit as of Dec. 31.
A Desperate FDIC Begs Americans to Open
Savings Accounts during “America Saves” Week
So there is no money it’s all an elaborate illusion. The money has been hollowed out (stolen) already. The future has been destroyed and we have been doing that for a long time in the first world. What the elite and the collective have participated in will now bring a huge suffering as life contracts forcibly.
United States Congressman Ron Paul warns Americans of coming economic collapse and martial law in a video that shouts a future unimaginable to anyone who is not already looking at worst case scenarios. The people in the first world are beleaguered and many soon will not have access to even the most basic of necessities. What is the government going to do with all these unfortunate citizens but force millions of them into relief camps.
To keep the party going, companies and
governments dress up the numbers, hide
the facts, or simply lie through their teeth.
– Martin D. Weiss, PhD.
That’s not a problem in America because they have built an extensive network of detention centers that stand empty. Americans are very good with prisons. Inside the borders of the United States resides a separate nation of 2.3 million people. It’s a nation in constant flux, with 700,000 residents released each year, their places soon taken by others. Incarceration may be the only U.S. industry that enjoys unlimited growth potential.
But what is to stop relief centers from becoming concentration camps? I bet that there is not an American alive who would enjoy being in a detention center, relief camp or anything that even has a whiff of concentration in it. The history of relief camps is not pleasant, certainly not for those who have been forced by circumstances into them.
George Kull Jr., 56, a millwright dropped dead three weeks after
learning that his plant was closing. Several workers had heart attacks
after learning their steel plant in Lackawanna, N.Y., was closing.
Destitution, hardship, misery, desperate need, suicide, disease and death will become more familiar to a generation which has lived the life of Riley. A sociology professor at the State University of New York at Albany, found that a person who lost a job had an 83 percent greater chance of developing a stress-related health problem, like diabetes, arthritis or psychiatric issues. We even have a study published last year saying that layoffs can affect life expectancy.
Hyperinflation occurs when a country’s bond market breaks. In other
words, the sovereign nation is no longer able to fund itself. Its bonds
fall to the point where the government has to print money or default.
– Jordan Roy-Byrne
Ron Paul speaks of hope though, but it’s the kind that depends on the abolition of the Federal Reserve Bank and balancing federal budgets and other things that are not about to happen. I think Ron Paul knows this but he has to speak out for what is right and best. There is no politician in Washington DC willing to stand up in front of the American people and tell them the truth about the storms on our horizon except Congressman Ron Paul.
Fortifying Our Souls
It is a good moment to think of all the good people doing good things in the world though even here it’s hard to be consoled because a lot of bad things are going to happen to a whole lot of good people. Forty million people died in World War Two and we had well less than half the world population than we have now. Nuclear weapons came only in the closing days of that world catastrophe. Now we are armed to the teeth with devastating destructive capacity.
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What we have to rally to is our souls and to other souls we can touch with our love. Contemporary man did not learn enough about love even though some prophets knew and said that our survival depended on it. As the thick walls of our civilization comes crumbling down we have to light the lamps of our souls and look to others who are doing the same. Even with love the future will not be easy to take but without love life is and eventually becomes devastating.
Love is the solution that no one in officialdom talks about but it is the life stuff that will comfort and warm us during the cold rein that Ron Paul speaks of. There is another kind of love that I am also speaking about, that kind that is measured in listening ability; something that politicians and everyone else in the power structure of civilization is a little short on.
The world’s interdependency is a difficult concept to understand because our hearts are not big enough to grapple with the conclusion that we are all one and that what happens to one of us happens to all of us. On one level we can look at our planet and civilization as a circle like one that is formed around a watering hole. There is only room for so many to drink at one time.
When looked on as a whole we can see there can only be so many billion and millionaires, so many hundreds of millions in the upper and middle classes for resources are limited and only destined to become more so. When looked on as a whole we see that some have to suffer for others to prosper – it’s just the way the system is structured. And the very richest of the rich rig the game and pull the Marinette strings.
“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impossible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance. Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a secular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.”
Strauss & Howe – The Fourth Turning
If negative developments continue on course, as expected, the economic predicament will evolve into a full social crisis. Chaos, upheaval, massive hunger, starvation and social unrest are on the drawing boards and few countries and peoples will be spared the tragedy. “Everybody keeps having the wrong conversations. It’s no longer about how to return to prosperity, it’s about how to stave off mayhem, misery, hunger, violence,” writes The Automatic Earth.”Love and listening will only bring us individual comfort and togetherness, but it will never happen on a big enough scale nor to the extent that it can cause the major changes in our political climate and have a real impact on the world,” lamented Claudia French RN, the assistant director of the IMVA and my editor. Claudia is of course correct though I am not comfortable saying it will never happen. Perhaps after our false civilization implodes and humanity goes through a long dark winter it will learn some lessons that up to this point has been impossible for us to comprehend.
Special Note: This material is new for my Into the Ashes book and is part of a series of updates that brings us to our precarious present moment in time. By this time next week we will have all the new text on a site as well as another one on Climate Change. Believe me when I say this information is just a warm up for what is to come both in terms of my writings on this subject and in terms of the harsh reality and winter of the human soul that is about to wash onto our collective shores.
 Kate W. Strully. Job Loss and Health in the U.S. Labor Market. Demography – Volume 46, Number 2, May 2009, pp. 221-246