CIA Insider Warns: “25-Year Great Depression is About to Strike America”
Okay if you are a lemming you are going to think the article that follows is absolutely nuts. Are you a lemming?
Courtesy of Money Morning:
You will want to remember this date April 3, 2015.
According to one of the top minds in the U.S. Intelligence Community, that is when the United States will enter the darkest economic period in our nation’s history.
A 25-year Great Depression.
the End of the Dollar?
An alarming pattern has caused many in the Intelligence Community to secretly prepare for a “worst-case scenario.”
Click here to see it….
And alarmingly, he and his colleagues believe the evidence they’ve uncovered proves this outcome is impossible to avoid.
In an exclusive interview with Money Morning, Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown.
“Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one,” he said.
“But all signs are now flashing bright red that our chickens are about to come home to roost.”
During the discussion, Rickards shared a series of dangerous signals he fears reveals an economy that has reached a super critical state.
One of the signals the CIA is most concerned with is the Misery Index.
Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.
However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.
“Today you rarely hear the government talk about the Misery Index with the public,” Rickards said. “The reason is they may not want you to know the truth. And the truth is, the Misery Index has reached more dangerous levels than we saw prior to the Great Depression. This is a signal of a complex system that’s about to collapse.”
During the shocking interview Rickards revealed the 5 dangerous “flashpoints” the Intelligence Community is closely monitoring that they believe will unleash this catastrophe.
And he also described how it would all unfold.
“I expect the first phase will appear as a nearly instantaneous 70% stock market crash. From the outside, nobody will see it coming.” Rickards explained.
“Once it becomes clear that it’s not a flash crash – it’s a systemic meltdown in the economy itself, that’s when the gravity of the situation will sink in. And there will be no digging out from it.
“$100 trillion is a conservative estimate for the damage. A lot can happen over 25-years as our country struggles to recover from this.”
Along with his CIA responsibilities, Jim Rickards has spent more than 3 decades on Wall Street as a leading international investment banker, hedge fund manager, and as the architect behind the technology nicknamed “the brains” of the NASDAQ.
This unique skillset has placed him at the center of some of the most important events in recent history.
For instance, Rickards helped negotiate an end to the Iranian Hostage Crisis in the early 1980s.
Then, in the late 1990s, despite being one of its most outspoken critics, the Federal Reserve called on him to step in to prevent a $1.25 trillion Wall Street meltdown during the Long Term Capital Management crisis.
And after 9-11, the CIA tasked him with tracking down potential terrorist insider trading that took place prior to the attacks.
Than The Great Depression
Does this chart prove a 70% stock market crash is imminent?
Click here to continue….
This led to him helping lead a sensitive operation called Project Prophecy.
The mission was to use the financial markets to predict pending national security threats from terrorists, rival nations, and from internal weaknesses lurking inside our economy.
The system he built through Project Prophecy proved its accuracy on August 7, 2006, when it detected the warning signs of an impending terrorist attack.
Three days later, in London, a plot to blow up 10 U.S. passenger jets was thwarted. And 24 Pakistani extremists were arrested.
However, Rickards now warns that the next attack is going to come from within. And he is not alone in his fears.
Recently, a sensitive report containing the consensus view of all 16 branches of the U.S. Intelligence Committee surfaced.
It revealed that these agencies have already begun to jointly estimate the impact of “The fall of the dollar as the global reserve currency.”
“Day After Plan” Emerge
Warning: Emergency measures have already been put “in play” for this 25-year Great Depression.
Click here to continue….
And our reign as the leading superpower being annihilated in a way “equivalent to the end of the British Empire in the post-World War II period.”
The nightmarish endgame presented in this report involved “a worldwide economic breakdown and an extended period of global anarchy.”
And Jim Rickards believes we can no longer stop this, we can only prepare for it.
“Look at it this way. Americans are standing at the bottom of a very tall mountain – Mt. Everest, Mt. Kilimanjaro…they look up and see an avalanche barreling down.
Determining the one snowflake that started this chaos shouldn’t be our focus. Recognizing the severity of the situation and moving to safety should be,” Rickards explained.
The question we should all be asking ourselves now is “what if he’s right?”
http://pro.moneymappress.com/MMRBSSH39/PMMRQC05/?iris=252778&h=true
I watched this a day or two ago. It ends with an ad for a package including his Death of Money book.
OT: I found this article on war interesting, any comments?http://www.caseyresearch.com/cdd/eisenhower-was-right-the-military-industrial-complex-has-deformed-american
Was it Jackson that got rid of the banks originally?
Yup, Eisenhower was right, maybe its conspiracy theory tho, and jfk was a coup.
You are correct bb…………Andrew Jackson…….1837(?)
there are some great token coins, available which depict the treasury on the back of a turtle,( which represents the nation)…….There is a lot of history in rare coins and tokens..
This is an advertisement guys.
Advertisement. Caveat emptor.
I think, if they are going to advertise………they should be kind enough to put a header in and say it is advertising…….jmho
The is often an element of truth in many internet podcasts.
We live in TOO interesting times.
When one is young, one can always look forward to out-living problems in society, or in a worst case scenario, moving one’s life and career to an other country.
This is not an American problem, but a world problem, even though I believe has been caused by the incompetent government of the United States.
I feel sorry for my grandchildren; they will not grow up in a great country or in a better world.
I believe we may have a long problem, which has been made worse by government money printing.
When you are in a hole, PLEASE stop digging. But printing, while it hides temporarily the problem, is just making the hole deeper.
We will possibly have a New World order, but I doubt if it will be one in which society is more free. When the whole world is reduced to third world status, it does not mean you can now call it first world.
I think this podcast actually dates from late July.
Interesting Paul Craig Roberts interview at Sprott Money, he says he cant figure out why Russia and China are putting up with the U.S. when they have the power to stop them in their tracks.
It is temporary, while China and Russia corner ALL useful resources they can acquire cheaply.
says he isn’t concerned for his life yet, will start when RT is shut down.
I look forward to a post-election time.
Right now all the cracks are being papered over by Obama’s propaganda regime.
Interestingly, Cameron in the UK promissed future tax cuts yesterday. No details, but it will be interesting to see how these would be distributed among the tax-payers.
Ultimately, the only good solution is to reduce the drag on society by government spending.
GOVERNMENTS DO NOT CREATE WEALTH AND PROSPERITY.
They merely redistribute wealth and erode wealth.
Sometimes they even destroy wealth by war; whether just to distract their citizens, or to retain power and privileges for the few that govern.
I hope and pray the U.S. does not go to war, because this time they will not win.
Nobody won The Second World War, the reason they went to war was to stop German aggression. First The Germans took over Austria in “The Anchluss” then they invaded and subjugated Czechoslovakia, and when Hitler invaded Poland England and their Dominions with France declared war on Germany. The US didn’t enter for two years until after the bombing of Pearl Harbor.
Russia who helped The Germans carve up Poland sided with The Nazis until they were attacked by Germany the following summer. Once this war was over Russia had control of 3 times as many countries as Germany had conquered before the war. There were no real victors only a change in domination. The Cold War was declared by Churchill at the end of World War 11 as he outlined The Iron Curtain and the domination by Russia as The USSR.
DT, you didn’t mention up until Hitler declared war on the US the Nazi party was a legitimate party in the US and many companies supported Germany and the Nazis including the Bush family.
If the US would have lost WWII, it would have been substantially worse in my opinion.
I therefore believe the US WON WWII.
The only way I could justify saying the US won world war 2 is by entering late therefore taking the fewest casualties and damage. They did end up with the world reserve currency of course, but militarily the German kicked the poop out of them pretty much at every turn, the Rusians on the other hand defeated about 80% of the Geman forces if I recall correctly.
Yes the ameicans won a battle here and there, but when we look into their victories we find the germans were out of supplies,equipment men or fuel.
Like Rommel being down to 6 tanks in Africa for example when Patton finished it.
Battle of bulge, out of gas.etc etc
Also, cfs, what would be so different had the Germans won?
The mark would be the reserve currency, and the west would still be facist.
No Isreal maybe.
Nostradomus figured it only rearranges the actors on the stage.
I tend to agree.
I don’t view the americans as any better than anyone else.
If The US would have let Patton have his way they might have been able to claim victory. Patton wanted to take The Third Army and the remnants of The Wehrmacht and invade Russia at the end of WW11, but the politicians and the people were war weary and Truman and Eisenhower said No!
Yup that’s true, I think at one point the German High command were figuring on it.
CFS, you think you understand history but you don’t, American industry sold a huge amount of armaments to the allies chiefly Great Britain through The Lend Lease Act which Britain had to pay with their gold reserves. This and the fact The US wasn’t bombed on their mainland meant at the end of the war your industry stood alone and supreme. Britain, Italy, France, Russia, Germany and Japan had to rebuild not only their infrastructure but also their industrial plant and they were broke. So for about 25 years after the war America could not be challenged. The party was on for us, but as you can see we have partied too much and our consumer goods now come from China.
I just re read your comment “nobody won ww 11”
Ultimatly your right, DT, one side just loses less, nobody ever wins really.
cool story bro. Thanks for the fear porn. What? You say the guy worked for the CIA in the past. US debt own by foreign sovereign countries. You saying the majority of US debt isn’t owned internally?
I would counter that show with the first twenty minutes of this interview
http://www.jasonhartman.com/cw-418-joel-skousen-why-the-us-dollar-will-not-collapse/
oopss “Most US debt owned by foreign sovereign countries?”
start interview at 4:36 mark
The problem with Rickards, is that he plays the odds both ways, rather than deciding timing for deflation and inflation.
Perhaps he is right and exact timing is not predictable.
Clearly, in the economic definition of inflation, we have inflation right now.
However, in terms of prices, perhaps we first have price deflation followed by price inflation much later.
For an optimum wealth preservation solution it is necessary to get timing right!
Bob Hoye is interesting on Goldseek radio.
The tale of Bears, Bulls, and Chickens…..
Worth a listen, when podcast is available.
After listening to Bob Hoye I never know what he really wants to say.
Its all over the place and the conclusion I hear is: it could go both ways,,, and probably will
Nobody seems to notice this.
TANK’S CFS ! YOU OK ? INTHEGAME ! ?
BobH…puts me to sleep………..
good one franky…….
DISS STRONG BOYSSSSSSSS 888888888 CARVOL 8888888888 !!!!!!! i DON’T LUCK DISS !!!!!!!!!!!https://www.youtube.com/watch?v=voHgpXLysF4
STOP IT franky………….you are making me dizzy…………ha,ha……
GOD IS ALLLLLLLLLLLLL !
ditto
I hope Bob Hoye is correct about rhyming with the renaissance/reformation, but I think he is a little early in his timing.
Meanwhile in Iraq:
http://www.israelnationalnews.com/News/News.aspx/185763#.VC75uvldWSp
Last night the Big Zero reiterated that amnesty would happen between Nov 4 the year end.
I hope the Republicans will then Impeach.
ANYONE WITH ANY BASIC FINANCIAL AND BUSINESS COMMON SENSE SHOULD BE ABLE TO SEE THE WRITING ON THE WALL. THERE ARE SO MANY WARNING SIGNS IT IS SCARY….BUT, UNFORTUNAYTELY THEY ARE IN CONTROL AND THE SHEEPLE SIMPLY LIVE ON AND DECIDE ON EMOTIONS. THEY HAVE US UNDER THEIR FOOT UNTIL THE BUBBLES BEGIN BURSTING….NOT POPPIING….BURSTING. IT WILL BE TOO LATE FOR THE SHEEPLE AT THAT POINT….A GREAT MANY YEARS DEPRESSION.
‘simply said’
wyn
well said……Wyn………..
GReeeeat time to buy’
Andrew, had to sign in to continue to gmail..
Sorry bb. My email otherwise divulged.
Gold & Silver market cometh, with global Bond market on the edge of a cliff. see Keiser post below.
http://www.maxkeiser.com/#fBWDT5tmaDLYEy7J.99
Thx Andrew, I think tho its pretty much the same thinking that was written about a lot a year or so ago.
Bond markets gonna blow, own PMs.
I hope lots of people do own some PMs, I don’t see 5% as that big of a drag to people.
Im not sure about Keiser anymore, I think he uses his site like a storefront.
Pumping silver bigtime with $500 if you want it and then bitcoin gonna change the world.
I don’t blame him in the least, I bet he has made fortunes.
I really don’t go there much anymore but he used to have some good guests.
And he did attempt with Hugo Price to talk the greeks into using silver as currency, so hes not a bad guy, I just think he uses his site as a storefront.
Like you bb I don’t know about bitcoin. I’m with Al when he says it’s beyond him or saying something along those lines! As for Max Keiser I can’t help liking the guy along with his itemised fellow conspirator Stacy Herbert. My wife however doesn’t much care for both of them….draw what conclusions you will!
DO NOT WASTE YOUR TIME!!
JIM RICKARDS SAME MESSAGE FOR LAST 10 YEARS.
AT THE END, ITS THE SAME OLD, SAME OLD, TRYING TO PEDDLE SOME BOOK, VIDEO…ETC.
ditto Dave
I gripped my chair like a flotation device the whole way through. It was pure terror. 🙂
I thought your feathers were water proof………………
😉
Wrong. We’re already in a depression. We’ve been in a depression since 2000. We just haven’t felt it because of low interest rates, QE, lax lending, and whatever other program the Fed is doing behind the scenes. Don’t forget, SNAP, disability, etc. for the masses out of work, making their unemployment stint much more tolerable.
Correct Chris, we have been in a depression for years. People are so utterly naïve and gullible to think a depression just arrived or is on the way.
Thats why we are running massive trillion dollar deficits to cover up the depression and insolvency of the nation.
My perspective,
As a self employed tradesman, with 12 employees.
We (my business) have not recovered to prior the GFC.
I am working harder, longer hours and for less profit than before.
My employees have not had the same % of pay rises they used to be able to demand either. Its been a lose / lose situation for all of us in regards to financials.
Thankfully though we all have work (presently) and I haven’t had to let anyone go (but that may change eventually) ?
It would break my heart to have to give some their marching orders, as I have a great crew, of many different nationalities (Irish, Polish, Serbian, Korean, Japanese, Greek, English, Scottish & of course
Australian)….A real mixed bag that all get along fabulously.
But if there has been a full economic recovery ?
…..well none of us have seen anything even close too it.
Skeeta,
Thanks for the personal story. That really puts things in perspective.
DITTO CHRIS AND V…………………
Could we have a link to where this came from please.
Thanks