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Jaws of DEATH



-- Posted Thursday, 29 March 2012 | Share this article | Source: GoldSeek.com


TedBits: The Economic and Financial NO SPIN Zone
Global Macroeconomic Analysis Through the Austrian Lens
By Theodore (Ty) Andros

Wind Shear
Bombs and Breakouts
Red Tape Rising


As leviathan government, Central Bankers and the welfare states battle Mother Nature and Darwin, the stakes for the global banksters and elites could not be higher. Governments in the US and Europe are striving to place debt and legal shackles on those they pretend to serve and working for the interests of banksters, power-hungry public servants and entrenched government bureaucrats against that of their own constituents.
Welfare states on both sides of the Atlantic are creating legions of government dependents to justify their TAKINGS of the private sector. Having already spent the money they have collected and borrowed since Bretton Woods II, credit markets are REJECTING their requests for further lending. New sources of REVENUES must be found since they have effectively DESTROYED wealth and income creation in their economies. So it’s off to the printing press and PROGRESSIVE, rubber-stamp legislatures they go.
Using FEAR, FORCE and runaway legislation/regulation to achieve their goals of domination, unaccountable socialists in Washington and Brussels are working overtime with their mainstream media to dupe and subjugate their constituents. The public misunderstands socialism. They think socialism is the government transferring wealth from the rich to the poor. NO, it is the transfer of wealth from the poor and confiscating the fruits of the private sector for government to spread as thin gruel for all. It is misery spread widely for all.
The Jaws of DEATH spell doom for the dollar over the long term. This is the mother and father of dozens of BLACK SWANS throughout the financial systems of the world. What are the Jaws of Death you ask? Take a look:


See that YAWNING gap on the right side of that chart? That is the Jaws of DEATH. It is signaling the UNFOLDING demise of the US dollar and ultimately the financial systems of the WORLD. Keep in mind this DOES NOT include the Social Security holiday, the extension of unemployment insurance or the theft of Social Security, Medicare or Highway Trust funds which would add another 5% to the GAP. This is the demise of the world’s financial systems on the HORIZON.
In a fiat currency world everything is a DERIVATIVE of the dollar. Why? Because between 60 and 70% of most of the major central banks’ RESERVES are dollar denominated. They and US treasuries are the FOUNDATIONS of the world’s major currencies. When they become worthless the foundations of all the major central banks will COLLAPSE. It is inevitable. It has happened to every fiat currency in HISTORY, and this time will be NO DIFFERENT.
Just how much more in new obligations to pay runaway entitlement spending can US citizens ABSORB? Let’s take a look at this SHOCKING table showing how much is already absorbed by each citizen:


My guess, not much more. Of course this does not include STATE and Municipal debt, but that is a debacle yet to come. But the plans have been hatched to tie them up in more un-payable debt and lash them to the debt to pay bankster creditors. In the first two months of 2012 US banks bought more treasury securities than all last year COMBINED. In other words, these are injections of un-payable TOXIC promises into the US financial system to spend on CONSUMPTION!
Currently the United States is BORROWING more than 41 cents of every dollar they spend. The deficit in February was the worst in HISTORY at $231 BILLION plus, and the trade deficit exploded to $50 billion plus. That’s $281 billion in RED INK in 1 month. Take a look at this MONTHLY deficit chart (courtesy of www.zerohedge.com ) and look at the beginning of the Ob@ma Administration and its uber-corrupt socialist supermajority in congress:


Monthly surpluses have become EXTINCT under the current administration and CONGRESS. When was the last year the US or European governments ran a SURPLUS? Don’t say Clinton; that surplus did not include the money borrowed from Social Security and Medicare. How can the US and European governments pay any previous borrowing when they NEVER take in more than they spend? I would say anyone doing this may be criminally insane. This is a recipe for a COLLAPSE…. And Bernanke says things are on the mend. He hints at no more Quantitative Easing. HA HA. What is he thinking? He is trying to keep a straight face as he FOOLS the useful idiots into believing his paper money will hold its value.
The biggest OBSCENITY is that the deficit spending is counted as GROWTH in the GDP numbers. The US is currently running a 9% deficit (the latest $150 billion Social Security suspension and unemployment extensions are not shown). This is the BLACK SWAN of the MORAL and FISCAL Bankruptcy of the US federal government WRIT LARGE.

FEBRUARY was the BIGGEST DEFICIT month EVER. Keep in mind this is a government that has operated WITHOUT A BUDGET since the chosen one was elected, with a legislature which REFUSES to cut spending or the rate of growth in spending. A government which has NEVER paid off a dime of principle in 50 year, only rolled the notes and BORROWED more. When will the global holders of dollars and treasuries WAKE UP? Do you really think you can store wealth in the IOU’s (Junk Bonds) of thi


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