THE ECONOMIC FARCE IS ENDING
Doug McIntosh
One of the advantages of being a Goldbug is the ability to be not
surprised in the economic sphere. I now see the downstream whore press is
beginning to admit to what I have been writing about here at GOLD-EAGLE.com for nearly a decade. Namely, the economy is a delusional fantasy of the central bankers, the media shills and political idiots.
USA Today, that bastion of economic truth, recently had a front page
story saying the "real" US Federal government budget deficit was 1.1
TRILLION dollars. Another magazine I perused while waiting in Portland's
increasing squalid Central Library-I got pick pocketed while sitting at one
of their computer desks last month, admitted in the fine print the USA Total unfunded mandates were 59 TRILLION dollars. This comes out to $500,000 plus for each American alive today. Not counting the tens of millions of illegals who we are solemnly assured must pay 3 out of the last 5 years in taxes to become a citizen. Of course, I paid five out of the last five years, but then I am already a citizen. If the illegals only knew what American citizenship really meant in the economic sphere, they would happily continue mooching upon America with the gleeful abandon they currently show.
I have long thought the downstream media tells us things, and doesn't
tell us things, in order to prepare us for the inevitable economic collapse
of the USA. I find it revealing two separate media whore mouthpieces are
spouting the exact same message. The USA economy is a unsustainable and huge pile of debt just waiting to implode. Like I have been writing here for
years. In fact, didn't old Doomer Doug write an essay talking about the $900 Billion deficit several years ago? Shocked nah, surprised, nope; perhaps saddened at the folly of that shining beacon of freedom called the American Republic. We have, as Lenin predicted, spent ourselves to death. The spending is over; the economic death is imminent. It really doesn't matter anymore what the system does in the economic sphere. We are kaput. What we have here is two separate witness', the legal and Biblical standard being met, for the imminent economic collapse of the USA. It has been coming, sooner or later, for a long time. The sooner is now here.
The reason I know the sooner is here is the fiat dollar collapse in
value. Canada's dollar, the Loonie, is now approaching parity with the US
fiat dollar. This is the third witness. The Euro now has reached nearly
continuous new highs against the collapsing fiat dollar. This is the fourth
witness. The fifth, and final witness, is the recent events in Red China.
The list, massive corruption, food adulteration, environmental pollution,
political incompetence and economic mismanagement on a truly gigantic scale,
is nearly endless. I have long said the US economic collapse would begin in
the overseas stock and bond markets. We are seeing in the openly corrupt,
sleazy, opaque and utterly incompetent Chinese stock markets the beginning
of the economic end. A 17% loss in any global market is big. The kind of
panic selling, hysteria and greed we are seeing in China is truly ominous.
It has been clear for a long time the West, and the corporate USA in
particular, have allowed Red China to gut their economies. We are now in the
situation where the sleaze of China will destroy us. And I, for one, am not
in the least surprised, stunned, shocked or even upset by all this. Why
should I be? I will not miss the squalor, arrogance, mindless violence, and
stupidity passing for modern life. I consider myself an economic historian
of this lunatic time I was born into. Perhaps some of my writings will
survive the general collapse of civilization I am now watching, or perhaps
not. Perhaps I will survive the general collapse of civilization I am now
living through, or perhaps not. Perhaps we have a few years left in the
decaying Republic called America, but I doubt it. I have been reading the
ancient philosopher Epicetus recently, along with the Roman historian
Tacitus, so the recent events do not upset me in the least. The Western
world, has had a run of some 60 years of peace, since 1945, that is now
coming to an end. I have lived through most of that, enjoying a level of
personal comfort; freedom of thought which, by historical standards, is
truly amazing.
Unfortunately, I am now living in the twilight of our advanced
civilization. This is simply a fact I accept. We will have economic
collapse, political collapse, military collapse and then that synergy which
takes down advanced civilization itself. This is now inevitable in my view.
I will live to see it, although I doubt, at my age, I will live through it.
It has happened before; it is happening now; it will happen again. It is the
cycle of history for man on this planet. I just find it frustrating we keep
making the same mistakes over and over again. I like to think my writings at
GOLD-EAGLE.com have been of beacon of economic truth in a sea of lies. However, now that the whore press is admitting the truth, the economic collapse is imminent. They are preparing us for it. Or else they would continue the decades of lies. There will be no accountability for an American leadership which has betrayed its oath to protect the Constitution. There will be no accountability for any of the people who caused it. There will be a
generalized collapse, followed by a generalized repression and finished with
a broader collapse. This is the lesson of history. The elite fools who think
they will outlast the widespread economic collapse don't understand the
total deluge facing us on Planet Earth. They don't understand exactly what a
civilization collapse really entails. If they did, they would have not
sneered at the time tested economic methods used for centuries to maintain
economic stability. And they wouldn't have behaved in such an economically
reckless, incompetent, corrupt and stupid manner with American society's
wealth. But they have, and we have allowed them to by disregarding the
Founding Fathers warnings about the evils of that vile institution called
The Federal Reserve. It is upon the vile thing called The Federal Reserve
the doom of the American Republic may be safely laid. Upon the warped and
evil central bankers, with the blood of the murdered American Republic upon
their hands, we may solemnly pronounce our verdict of economic treason.
Mr Magoo
It is upon Mr. Magoo, who doesn't seem to know he is retired and should
shut up; it is upon Braying Bernie, his loud mouthed replacement, who seeks
to reassure us all is well, even as our dollar implodes, that the curses of
future generations will rain down upon. It is upon a reckless people:
squalid in their demeanor, stupid and arrogant in their politics, economics
and military matters; sleazy in their popular culture the savage judgment
of history will be rendered. The verdict will be guilty. The penalty will be
death, for the people, the institutions and culture which so openly mocks
all that is just and true and good about the American Republic. Like Rome,
we have replaced Republic with Empire and, like Rome, we will pay the
economic price for our folly. The magnitude of our arrogance in believing
otherwise is truly astounding to me.
I have seen it coming for a long time, most of my life, and now I will
live through it. As will all of you reading this. I will tell you as
Denathor, Steward of Gondor, told Pippin in the battle of Minis Tirith, "Go
now, and make preparations to die as you see fit." Prepare now for the
general economic collapse of the late stage American Republic. USA Today has warned you, the overseas stock and bond markets are warning you, the
currency markets are warning you and now, I am warning you. The rising
prices of precious metals have been warning you for several years now.
The economic storm is upon us. It has begun overseas in Red China and
will flow towards our indebted, overwhelmed economy like a Tsunami. It is
one inch high now. At what point it will hit our shores and rise to several
hundred feet I truly do not know. It is on its way. All of the economic lies
I have been talking about will be swept away. All of the fools who believe
them will be swept away. I am confident a new generation of people will
arise out of the chaos, purified by the economic fires which will soon
engulf us. And in them I place whatever hope I have of restoring the
American Republic to its innate and true glory. I may be a bigger fool than
the sleaze balls who run this country and world now, but in this dark hour
of impending doom I will grasp whatever scrap of debris I can. What now
exists will be destroyed and replaced eventually with hopefully something
better. Or we may slide in genetic slavery and become a nano modified Borg.
At any rate, the next few years will see levels of instability not seen
since the collapse of the Western Roman Empire in the 3rd and 4th century
AD. Of that I am absolutely sure. We are all going to bet our lives on that
simple statement soon enough. Count on it.
Doug McIntosh
5 June 2007
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