Monthly Archives: October 2015

Debt? What is a Trillion, let alone 18 trillion…For foolish sheep to read…

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‎Thursday, ‎October ‎29, ‎2015
What is just a Trillion dollars or what is just a Trillion?
If anything, this situation has proved the government is nothing but a dictatorship backed by deadly force… no different than the dictatorships in the banana republics, just more polished and cleverly propagandized.
If you count backward, then:
1 million seconds = 12 days ago.
1 billion seconds = 31 years ago.
1 trillion seconds = 30,000 B.C.
Guess how long it would talk to count to one trillion at a steady pace?

There are 60 seconds in a minite so you would count 60 in one minute.
There are 60 minutes in an hour so you would count 60×60 = 3600 in one hour.
There are 24 hours in a day so you would count 24X60x60 = 8,6400 in one day.
There are 365 days in a year so you would count 24X60x60x365 = 31,536,000 in one year.

To find how long it would take to count to a trillion dollars divide 1 trillion by 31,536,000. That is 1,000,000,000,000/31,536,000 = 31,709.79 years

How long ’til Americans get pissed off enough to circle congress with torches and pitch forks?
If anything, this situation has proved the government is nothing but a dictatorship backed by deadly force… no different than the dictatorships in the banana republics, just more polished and cleverly propagandized.
So I guess a trillioniare would never know that he was a trillioniare because he could not live long enough to count all his money?
Back in 1981 our national debt was a trillion dollars. Now let’s take what a trillion dollars acturally is. I called such a figure, a trillion dollars, incomprehensible, and I’ve been trying ever since to think of a way to illustrate how big a trillion really is. And the best I could come up with is that if you had a stack of thousand-dollar bills in your hand only 4 inches high, you’d be a millionaire. A trillion dollars would be a stack of thousand-dollar bills 67 miles high.
This comparison is often quoted as a stack of one-dollar bills 67,000 miles high (perhaps because thousand-dollar bills don’t exist). No matter which denomination you use, I give the explanation an A for effort, but an F for performance. For I have little idea of how far 67,000 miles is. I know it’s way too far to walk and even too far to fly (jumbo jets have a maximum range of around 7,000 miles). But is it large as a national debt? I have no idea. Perhaps a large national debt would reach all the way to Mars. The connection to a height has merely replaced one meaningless idea ($1 trillion) with another meaningless idea (a stack 67,000 miles high).
So, at a dollar a second how long would we have to wait before we could see the pile grow to $1 trillion? Are you ready for the answer? Drum roll, please. It would take over 31,688 years. Even at $10 per second they would still have to have started handing you the money more than a thousand years before the birth of Christ! And even at $100 per second none of us could live long enough to get it all.

At $100 per second we are still only talking about $8,640,000 a day. So in a year you would have accumulated only a little over $3 billion. It will take more than 316 years to reach $1 trillion.

A trillion dollars is so much money that you and I would probably not be able to spend that much for ourselves unless we bought a small country somewhere. Most of us would have trouble trying to spend a billion dollars, and a trillion is a thousand billion. So, if the government wants to reduce the deficit by a trillion dollars, it would have to do the equivalent of cutting a billion dollars from each of one thousand government programs.

You could reduce the government’s defense expenditures to zero, and you would still not be cutting a trillion dollars from the budget.

The frightening truth is that Congress cannot easily cut $1 trillion from the deficit. The reality is that if you gave a new congressman on his first day on the job a copy of the budget, and told him to cut $10,000 from the budget every second of every day nonstop, his term in Congress would be up before he had cut out $1 trillion.
The numbers are too big, because the federal government is too big.
Workers are making less than they were five years ago, and have virtually nothing saved…

The 76% of Americans living paycheck to paycheck would be immediately exposed to eviction, hunger, and empty gas tanks if their paychecks bounce, if they are furloughed and are not paid, or if they are laid off from the private sector fallout.

The roughly 63 million people on Social Security, 48 million collecting food stamps, 50 million on Medicare, and 4 million on Medicaid will lose vitally important income and benefits. Virtually all of this money keeps these people alive.

Every fifteen (15) minutes a white woman is rapped by a Black man!

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‎Tuesday, ‎October ‎27, ‎2015
The war against the White Person!
Some people think it is unfair to highlight the violent crimes of the unwanted guests in our countries. They allude to the fact that we have violent criminals of our own, and that crime will always happen. But the point that they refuse to acknowledge is that every one of those crimes committed by the colonizers would have been prevented if they had not been allowed into our countries in the first place.

Each week in Britain, there are at least two White Britons murdered by a foreigner. That means literally thousands of innocent white men, women and children have been murdered just in the UK alone. The numbers for rape are even worse. In America, a White woman is raped by a black man every 15 minutes, while virtually no black women are ever raped by White men. Every single rape and sexual assault in the capital of Norway this year has been committed by a dark skinned foreigner.

The wholly avoidable death and rape toll of Whites worldwide is staggering.

A False Reality Designed to Perpetuate Racial Suicide

To make matters worse, the media brainwashes people into believing that these figures are the other way around, to think that it is the black man that is at risk from the White. When black criminals are wanted for crimes, the news report fails to specify the race of the criminal. When a black is the victim of a White, it is promoted as a ‘hate’ crime, and the white has his sentence increased. All the black has to do is say the White called him ‘nigger,’ and the White will have his sentence doubled. If a White is attacked and says the black called him names, the court will say that was irrelevant.

If one of the unwanted guests doesn’t like being reminded of his people’s shortcomings, all he has to do is report the critic and if he is White, then he can be locked up for ‘inciting racial hatred’. If they cannot get a job because they lack the skills, then they can accuse the employer of being ‘racist’ and force him to employ them. If they lose their job through incompetence, they can claim they were sacked due to ‘racism,’ and can sue for damages. If they are incapable of passing the test required to be considered for a job, then they have groups that lobby the government to have the test reduced for them. Quotas are put in place to force departments to employ foreigners, regardless of their merit, and universities lower their standards to include them.

A reason put forward for why we should put up with all this is that we are all human, and therefore we should share what we have with the other races. Well, nobody has an inborn right to help themselves to what someone else has saved up for their posterity; all being human is no excuse to let foreigners into our lands. We are all British where I live, but that does not mean that I can walk into my neighbor’s house, start living there, help myself to his possessions and rape and murder his daughter.

The fraudulent money system and intrusive police state that people get so excited about pales into insignificance when you realize the seriousness of what this unchecked immigration into every white country means. We are in the middle of a war. There may not be grenades and rocket launchers, but the end result is the same. We have losthundreds of thousands of men worldwide to this war against the White man. Millions of our women have been raped, and our children abused and molested. We have been turned into a slave class, paying a large percentage of our earnings to keep our invaders housed, fed, educated and medically treated.

It sounds odd, I know, and maybe I am a little eccentric.

me4

Remember Argentina’s financial collapse?? Pretty extreme, I know.

Monday, ‎October ‎26, ‎2015
Time is near sheep! Save your cash if have any left that is!

You’re standing at an ATM in a crowded grocery store.

A few yards away, the cashier’s drumming her long red nails on the counter next to your groceries. There’s a long line of people waiting to pay.

You turn back to the ATM and swipe your card for the third time. Nothing happens.

Your card won’t work.

Behind you, someone in line lets out an exasperated sigh. You apologize to the cashier.

Annoyed, you head back to your car where you fish out your cell phone and give the bank a call.

It takes three tries until a woman’s voice finally answers, but it’s just a recorded message, so garbled you can’t make out a word. You hang up, start your engine.

On the way home, you stop off at a gas station. The attendant comes out as usual, but…
Before you can speak he asks a strange question:
“Are you buying or selling?”

Confused, you tell him you just want to fill ‘er up.

But when you try to give him your credit card, he suddenly backs away.

“Sorry. We’re closed, man. Sorry.”

You sit there for a moment wondering what has happened.

Finally, you head home. You tell your wife what happened.

Definitely strange, but she figures it’s probably just a computer problem at the bank; they’ll have it sorted out by morning.

You agree, but as you fall asleep later that night, you’re not so sure.
Suddenly it’s 4:00 AM… and there’s a cold fear deep in the pit of your stomach…

Something doesn’t feel right. It’s not just a computer problem, and you know it.

First thing next morning you take a trip to the bank.

It doesn’t look open.

A piece of paper taped to one of the doors tells you that it’s been closed temporarily; no explanation, just a phone number to call and what looks like a government logo, but not one you recognize.

You give the number a shot. It’s that garbled message again.

You hang up.

Around the side of the building, there are a couple of dented ATMs with broken screens.

As you head back to your car, you notice a man kneeling down by a pickup truck parked nearby. He’s got a hose running from the truck’s gas tank into a jerry can.

Suddenly, he looks up and catches you staring at him. The look in his eyes tells you not to linger. He watches as you get in your car and drive off.

Everything’s closed. It’s that same piece of paper everywhere, the same dark screens on every ATM.

You start running into other desperate people trying to deposit Social Security checks, take out cash, or find out why their cards suddenly aren’t working.

And now that fear, that cold fear comes back. Something is very, very wrong. Credit cards aren’t working anywhere. Most stores and gas stations are closed.

Those that are still open have “Cash Only” signs on their doors. That’s a big problem because you don’t have much cash left.

There’s some talk of a cyber attack. One analyst says banks have failed. Another says there’s a run on cash, whatever that means.

Still another is talking about a computer glitch. You don’t know what to think.

The sun is starting to set. There’s a black helicopter skimming along the horizon.

And now it’s here, whatever it is.

As you stare into the coming night, you wonder how long the food in the pantry will last and what you might have to do if this doesn’t get resolved quickly.

Hi. My name is Bill Bonner.

You may not know me, but I’m the president of Agora Incorporated, the largest underground news and research network in the world. I started this company in 1979, and according to the Alliance for Audited Media, we’re actually bigger than The New York Times or The Wall Street Journal.

But almost nobody knows my name, and there’s a reason for that, and I’ll explain it later.

First, I want to tell you that I recognize that what I’m about to show you is so remarkable that you’re not likely to believe me.

It’s so shocking that I know the burden is on me to prove it to you, and that’s what I’m going to do.

And I hope, if nothing else – even if I haven’t 100 percent convinced you, I hope you’ll remember this warning.

And when the crisis hits, at least you’ll recognize what is going on and you’ll know what to do.

The information I’m about to share with you has never been released to the general public before.

You see right now, at this very moment, the highest levels of our government are locked in a desperate last stand against an inevitable crisis, one you would never expect or even think possible.

Our leaders have already spent $4.5 trillion – more than we spent on World War II – trying to contain this problem, and they’re going to lose this fight.

In fact, when they do – and believe me, they will – a systemic shock will disrupt our lives in ways you never thought possible. You will suddenly be locked out of your own bank account, unable to withdraw cash or deposit a check.

Your stocks will swing wildly out of control. You won’t even be able to access your Social Security money.

Like a virus, it will spread to our food supply chain, causing massive shortages in the cities and suburbs. The same will happen to our gas network.

America’s highways will become empty and quiet.

And one by one, every service you’ve come to depend on – from your bank to your grocery store to our federal government – will shut down.

You won’t be able to get cash, and without cash you won’t be able to buy food or gasoline.

I realize that must sound outrageous, but I hope to show you I’m simply following a massive amount of research on this subject to its logical conclusion.

I’m sure you’re also more than a bit skeptical about me. After all, you’ve probably never heard of Agora before, or of me.

We don’t own a cable channel or a single newspaper. We don’t buy splashy ads in magazines. We don’t sponsor sports stadiums or anything like that. We keep a low profile.

Despite our size, we operate very privately, and we only share our research and news directly with our private subscribers. Yet in our 36 years, we’ve grown into the biggest firm of our kind on the planet, operating across 20 different countries with 2.4 million subscribers worldwide. And we’ve done it by exposing, and often predicting, the most important events and trends in recent world history.

For example…

On March 10, 2000, I personally warned that a “day of reckoning” was close at hand for the dot-com bubble.

Starting that very day, the NASDAQ began a 2-year, 77 percent plunge.

That same year, we issued our trade of the decade: Buy gold; sell U.S. stocks. Ten years later, the media pronounced gold the best investment of the 2000s.

Gold is decade’s best performing investment –
The Telegraph

Gold went on a 571 percent tear.

Stocks fell 24 percent.

On March 31, 2005, we warned that housing, along with lenders Fannie Mae and Freddie Mac, would collapse.

We reported, and I quote: “Something is smoldering in the mortgage-lending market, and the heart of fire is on the balance sheet of Freddie Mac (FRE) and Fannie Mae (FNM).”

On October 2, 2009, we alerted our readers that America was around the corner from a huge oil boom.

Over the next few years, oil production in some parts of America soared 300 percent to 393 percent.

How could we predict these things?

If you were to walk into one of Agora’s 33 offices, you’d be just as likely to meet a banker as you would a classical scholar or a surgeon, or even the former head of the BBC.

We employ smart, curious men and women with a contrarian streak who aren’t afraid to question the mainstream media and the status quo.

That’s how we’ve been able to predict some of the most important major world events, often long before these events occurred.

Go back 30 years.

What were the big, big events that happened during that period:

fall of the Soviet Union in 1989
the crash of the dot-com boom in 2000
the rise of violence in the Muslim world

the bubble in finance and housing, and the blowup that came in 2008, then the recovery that didn’t happen afterwards.

I’m proud to say that our analysts saw every one of these things coming. And as far as I know, we were the only ones who got them all right.

Yes, we were often too early.

In 1993, we predicted the rise of Islamic terrorism. We wrote back then:

“Especially troubling for many in the West will be the rise of Islam. This could be the biggest threat to world peace in the next two decades. The bomb at New York’s World Trade Center is just a small taste of what is to come.”

In December 1994 we exposed an IRS plan to tax Americans who gave up their citizenship.

We said, “Reliable sources tell us that IRS staff are preparing the groundwork to impose an exit tax on Americans.” In 1996, the tax appeared in the U.S. Congress. Bill Clinton signed it into law.

But let me stop here for a moment, because although our track record, so far, is unmatched – we’ve even bested the CIA – the past is not what brought me here today.

I mention our success only because I need you to understand that we take what we do very seriously. We are a company that focuses on ideas and trends. Our aim is to promote ideas that we think will make the world a better place and expose ideas that we think are false and dangerous.

And that’s exactly why I’ve put together this research piece today. I want to expose a very dangerous idea that has become wildly popular, not only in America but around the globe.

It’s an idea that is going to cause the biggest explosion in America in our lifetimes. I hope you’ll listen to my analysis, and if you agree with my conclusion, I hope you’ll take action.

Don’t worry. I’m not running for office or seeking political donations, and everything I’m offering you here you can get for free.

My goal here is not to convince you that there’s something wrong with this country or scare you with some story about an international conspiracy.

It’s not that simple, and it’s not that easy to fix.

Instead, I’m just going to tell you what I think is really going on.

It’s something so big, so dangerous, and, frankly, so unavoidable that you really must be prepared.

Specifically, our highest levels of government are locked in a desperate struggle to patch up a fatal flaw in the U.S. economy.

It’s one that my company, Agora, first warned about in 1993, one that I’ve personally been tracking for over 40 years.

Hard to believe, I know, but that’s just what makes this thing so remarkable and so dangerous.

“Literally, your ATM wouldn’t work. You type in your code, and
no money comes out. You get your paycheck, you can’t cash it.”

-U.S. Treasury insider Neel Kashkari

If what he’s describing sounds similar to the scenario I started this presentation with, there’s a good reason.

Every part of that scenario was based on an actual event that we came very close to few years ago, and a threat that our government has been forced to admit is all too real.

Former Secretary of the Treasury, Tim Geithner, has stated: “We came exceptionally close. You could hear the fear and the panic, because anybody living in that world at that time running a business at that time knew that they were on the edge of losing the capacity to function.”

This has been confirmed by former Secretary of the Treasury, Hank Paulson, as well as two US Congressmen.

And while President Obama assured Americans that, quote, “the shadow of the crisis has passed” in his last State of the Union address, I recently came across video footage of Janet Yellen, the current chairwoman of the Federal Reserve, openly admitting that the U.S. is facing a very real threat.

“We could find ourselves in a devastating spiral.”

-Federal Reserve Chairwoman Janet Yellen
She goes on to assure everyone that the Federal Reserve is fully in control of the situation.

But the truth is that, by their own standards, the feds policies have not worked and, as I’m going to show you, the economic situation in this country is spinning out of control very quickly.

As I write, the U.S. economy is shrinking.

This is despite the biggest stimulus of new cash and credit in history.

We have fewer real breadwinner jobs today than we did 15 years ago, and the typical household has less income.

But let me back up for a second and explain exactly what it is we’re facing and how we got here in the first place.

By now I’ll bet you’ve already heard more than a few over-the-top conspiracies and wacky theories from people who don’t have all the facts.

Maybe you’ve even watched a few specific dates for the beginning of a crisis come and go.

If so, you’re not alone. There are a lot of people out there who know deep down that something’s not right in America, that it’s been a different place since 2008. Yet, they can’t quite put their finger on what exactly is happening or what’s coming next…

There’s a much deeper problem.

That’s why the hundreds of Internet experts you’ve probably heard from are usually wrong.

They only point at the symptoms, not the real threat.

Meanwhile, the mainstream media is almost completely ignoring the danger we’re in. They just don’t understand it.

Between that and the official recovery story coming out of Washington, it’s no small wonder that the vast majority of Americans still have no idea about the threat our own government is spending trillions of dollars trying to contain.

But then, that’s why my company, Agora, exists.

That’s what brings me here today, to tell you the truth as we see it. And the truth is that what’s wrong with America didn’t start in 2008 or in the decade before that.

I first noticed it around 40 years ago.

You see, the reason I’m here, the reason I’m doing something I’ve never done before in releasing a message like this to the general public is that I’m just about the only one in the business – in fact, in the entire industry – who’s been following this story from the very beginning.
My involvement with this threat dates back to the 1970s.
…back then I was working in Washington, running one of the most important lobbying groups at the time, the National Taxpayers Union.

I went to work in politics after college. That’s how I wound up running NTU, while attending law school at Georgetown at night.

During that period, I attended Reagan’s inaugural ball. I met Ron Paul. I gave Grover Norquist, head of the Americans for Tax Reform and one of the most powerful lobbyists in our country today, his first job in the city. I found myself having lunch with Margaret Thatcher and Milton Friedman at the same time. I’ll never forget it.

But, frankly, I was never much for the glitz or the schmoozing. I never quite cared enough about partisan politics; I never believed enough in government programs to fit in with the Beltway crowd.

I mention my D.C. years because during that time I made my first attempt to stop the disaster I see coming. I became involved in an effort to get every state in the union to ratify a balanced budget amendment to the U.S. Constitution.

The New York Times, from March 6 1981, describes the story:

“The drive to propose a constitutional amendment requiring the federal budget to be balanced has started up again. The National Taxpayers Union, leading the effort nationally, said it believed that four more states could be found to pass the proposal this year.”

That effort came to a halt when Ronald Reagan was elected.

People thought we didn’t need a balanced budget amendment. I thought so too, for a while. Then when I realized that the Republicans were spending and borrowing even more than the Democrats, I made another attempt to stop them.

Along with my seven-year-old son, I sued the federal government. I argued that federal debt was unconstitutional because the young would pay for government spending without ever getting a chance to vote on it. That suit lost, too.

But the problem I’m warning you about is not the national debt, and I’m not warning you about inflation or that the dollar will lose purchasing power – those things will happen too – but the real threat is much different, and it’s much, much more dangerous.

Don’t get me wrong. I still think it’s an important issue, and one we’ve been deeply involved with at Agora.

For example, our documentary on the subject, I.O.U.S.A., which includes interviews with Warren Buffett, Alan Greenspan, my friend Ron Paul, me and others, was screened at the Sundance Film Festival and widely praised by critics. In fact, after seeing the film, Roger Ebert made it one of his top five documentary films of that year, writing:

“A letter to our grandchildren: I have just seen a documentary titled I.O.U.S.A., that snapped into sharp focus why your lives may not be as pleasant as ours.”

But while I recognize just how dangerous a broke government can be and how much damage large government deficits have done to other nations, I’ve since realized that the government’s debt is really just a symptom of the disease itself.

In short, our national debt is actually a smaller part of a much larger… and much more dangerous threat…
Here’s the real problem: there’s no official record of this, but I estimate that somewhere between $958 billion to $1.5 trillion changes hands in the U.S. every month.

People buy milk, pay babysitters. They pay their mortgages and their taxes. Consumer spending alone is $11.2 trillion annually.

But here’s the thing: there’s only $1.2 trillion worth of actual dollars – physical money – in the entire world.

We can’t be sure how much of that is actually here in the U.S. Estimates hold that some 50 percent to 75 percent of our money is in overseas bank accounts or held by foreign governments, and a lot of what is left in the states is called “dead money.”

It’s stuffed in mattresses and safety deposit boxes.

In fact, the amount of U.S. dollars being hoarded this way – that is to say the amount of dead money – is now at an all-time high.

All in all, there might be as little as 250 billion actual U.S. dollars circulating in the United States…

And while that might seem like a lot of money, consider that a single U.S. company – Wal-Mart – takes in nearly twice that amount in annual revenue, and our government spends 14 times that amount in just a year…

So if there are only 250 billion physical U.S. dollars in this country, where are all those trillions of dollars coming from, and what would happen if they suddenly disappeared?

Let me remind you that those physical U.S. dollars are America’s only legal money – or “tender.” There is no digital dollar, at least not yet, and the average Joe isn’t buying his groceries with Bitcoin.

One explanation is that people are just spending the same dollars over and over so that $250 billion is changing hands so much that you see trillions of dollars spent at the end of the year.

Only, that can’t be possible.

What I’ve just described is called “monetary velocity,” and you can measure it.

And right now monetary velocity is at its lowest point in history. People aren’t spending that $250 billion in actual U.S. dollars. It’s staying put in those mattresses and safety deposit boxes.

So people are spending something else, and here it is…
The terrifying source of all our money…
It’s our credit system.

As you can see, for the past 30 or so years it’s been growing exponentially.

That’s why, although wages have been falling since the 1970s…

…And although we have fewer dollars to spend and our dollars are worth less and less…

…America still appears to be getting richer and richer.

Since the 1970s, the credit system in America has grown to become our biggest and our most crucial asset…

Credit, not real money, what people spend.

It’s more than twice the value of every single home in America put together, more than three times the value of every single U.S. bank’s assets combined, more than 20 times the trillions of dollars the U.S. government collects in taxes every year.

But it’s also our biggest liability.

If you have $1.00, it’s yours.

It doesn’t matter what other people think or what’s happening on Wall Street; it’s yours to spend as you like. But credit is different.

It can disappear before you spend it, because at some point all that credit can only exist if people believe they’ll get paid back, that is if they believe there’s enough money in America to pay back all that $60 trillion in outstanding credit.

But here’s the truth: there isn’t. Our credit system is insolvent. And when it fails, which it surely will do, it could wipe out more wealth than any other crisis in history.

To put that in context, $10.2 trillion vanished during the financial meltdown of 2008.

This crisis will wipe out six times that amount. I’m not talking about a few credit cards getting denied. I’m talking about the whole system shutting down.

In modern America, long, complex chains of production and distribution put food on your table and gas in your car.

Eight out of ten people live in cities or suburbs. Almost no one, not even the farmers themselves, can survive off of food they grow themselves. Instead, they all depend on credit. First, the farmer gets a loan from the bank to buy his farm.

Then he uses credit to buy supplies, fuels, fertilizer, seed – everything.

After the crops are sown, the wholesaler, who got a loan to build his warehouse and processing center, uses credit to buy the raw food from the farmer so he can process it and package it.

Then a trucker, who got an auto loan to buy his truck, uses credit to buy fuel so he can haul the food to a retailer.

The retailer needs credit to keep the lights on and the shelves stocked and the stores open.

Each part of this chain can afford to take on that debt because they know that eventually the consumer will buy that food, mostly likely using a credit card.

If any one, crucial piece of that chain stops working…
Suddenly suburbs and cities are cut off from their food supplies…

Businesses can’t run. Paychecks don’t go out.

When the credit system starts to implode, it not only destroys the mechanism that runs our economy, it shuts down our access to our own money.

Imagine what happens as lenders try to redeem $60 trillion worth of credit and there’s only $250 billion to go around.

You go to your ATM; you ask for cash, but there isn’t any cash left. Suppose you have a $10,000.00 line of credit on your card.

If the credit system doesn’t work, you might as well be flat broke. Dollars become ultra scarce. Prices skyrocket. Banks go under.

In fact, it would only take about three hours for our entire country to shut down.

I know that must sound impossible, but I know this for a fact. You see, the last time our credit system came to the verge of collapse, that’s exactly what nearly happened. I know. I was watching. So was my whole network of analysts and researchers all over the globe.
“Tonight I want you to go to the ATM machine, and I want you to draw out everything it will let you take.” – Senator Richard Burr, North Carolina chairman of the Senate Intelligence Committee

One Friday in 2008, he called his wife, Brooke, to tell her that he wasn’t coming home that weekend; he had urgent business in D.C.

He also gave her one very important instruction: “Go to an ATM. Take out everything you can.”

Out in California, the CEO of PIMCO, the largest mutual fund in the world, was telling his wife the same thing:

“I said, ‘Just go to the ATM. I’m not sure the banks are going to open tomorrow.’ And she said to me, ‘You must be kidding.’ I said, ‘No.’”
I’ll bet that sounds extreme, but what you may not know is at the time, the U.S. was just hours away from a total systemic shock.

At 11:00 AM, the Federal Reserve had noticed hundreds of billions of dollars starting to disappear from the American economy.

A massive loss of faith in the system had prompted big players to get their money out while they still could.

In response, the government began injecting billions to, quote, “liquefy” the system, and it watched helplessly as that money vanished without a trace.

Congressman Paul Kanjorski remembers panicked meetings with Secretary of the Treasury Hank Paulson and Chairman of the Federal Reserve Ben Bernanke behind closed doors in Washington that day.

He would later admit that if not for one last-ditch effort…
The entire United States of America would have gone dead in the water by 2:00 PM that afternoon…

Shocking, I know, especially because most people still don’t realize how close we came to a full-scale shutdown…

Or how close we are still…

You see, this situation never actually got resolved. Instead, it got worse. A McKinsey study tells us that there’s $57 trillion more debt in the world today than there was in 2007, and it’s growing.

In fact, it’s being artificially pumped up by the Federal Reserve and other central banks.

As you can see from the chart below, our current U.S. credit system started around 1950. In the late ’70s, traditional American industries – such as cars, steel, televisions, radios, even computers – moved overseas.

Credit came in and replaced traditional wage increases as a way to prop up our economy. That’s what triggered the massive growth phase. It entered around that time.

Agora warned in 1993 that it would begin to unwind, that the credit cycle would come to an end.

That nearly happened in 2000 when the credit system first stalled out and the dot-coms went bust. But then housing was there to support it. All that credit rushed into the housing market, which then shot up to meteoric levels.

But when housing collapsed, there was nothing else to keep us going.

That’s when the Federal Reserve started buying up bonds and mortgages.

Starting with a balance sheet of $700 billion before the crisis, the Federal Reserve is now on the hook for $4.5 trillion.

That’s how much new cash and credit it has put into the system in the last six years.

Our lender of last resort, the Federal Reserve, has become too big to fail.

Unfortunately, if it does, there’s no higher entity that can step in, save our credit system. It has simply gotten too big.

And all it takes is just one small loss of faith. A few big players start taking their money out while they still can, and then people start lining up at ATMs, and a systemic shock will paralyze the nation.

Even former Federal Reserve Chairman, Alan Greenspan, is sounding the alarm.
“Unless we come to grips with this problem, I’m afraid we’re going to run into some kind of political crisis.”
–Former Federal Reserve chairman Alan Greenspan

In the 36 years Agora has been providing its subscribers with information, we’ve seen countries get hit with financial shocks like this again and again.

In just the last century, I can name at least 38 events very similar to what I’m describing, but none of them has even come close to the scale of the potential collapse here in America.

That’s because none of these countries has ever been able to borrow so much or become so dependent on credit. We’re going to see just how dependent we’ve become, and I’m not looking forward to it.

America’s unique status as the world’s superpower has enabled us to keep borrowing at unheard-of levels, all on the assumption that we’re good for it, but we’re not.

And at some point, someone will realize that.

When Americans can no longer use their credit cards, when grocery stores are hoarding food rather than selling it, when we become stranded in our homes because there’s no gasoline, when our retirements vanish, when our government benefits are cut off…

What will happen to America as a country?

I’d like to be able to say that we’ll band together and take care of each other, but will we?

In the 1970s we had a near miss with a very similar kind of crisis. Our steel and auto industries began to fail; gas prices soared; riots broke out in major cities, like Philadelphia, Boston, and Chicago.

One woman, a teenager at the time, remembers:

Working at a country gas station, she remembers being swarmed by an angry mob one day after the gas station ran out of gas.

In terms of economic crisis, it was tiny compared to what we’re facing today yet it took America to its very foundation.

Can you imagine a full-blown collapse in today’s America, where anger at police is reaching a boiling point?
Where teenagers can use the Internet to summon flash mobs in just minutes?
Where half the population pays no taxes and depends on aid from the federal government?
Where students crippled by college loans can’t get jobs?

Given what we just saw in Baltimore, in Ferguson, New York, Oakland, and other cities last fall, with people seizing just about any excuse to loot stores and break windows…
How long do you think those same people will refrain from stealing and violence when they can’t get a meal?

My feeling is not very long.

All this must seem incredible, but I’ve seen these types of crises play out again and again all over the world.

Because of the nature of my business, I’ve lived on three continents and visited probably 100 countries.

I was an economic adviser to Belarus in 1992 just before a crisis turned the country into a socialist dictatorship.

I recommended that they establish a firm system of private property rights, auction off state-owned property, and let the free market do the rest…

But the Soviet-era bosses who controlled the country weren’t willing to let go their own power.

They chose an opposite course.

Few years later, I witnessed one of the most powerful rivals undergo a similar collapse. People desperately tried to find cash as ATMs went dark.

Debit cards stopped working, and banks shuttered and disappeared altogether.
Millions of seniors were cut off from their pensions without warning.

The government made it illegal to withdraw money from your own bank account.

They shut down the stock market after it plummeted 10 percent in 40 minutes. People couldn’t get rid of their investments for any price. Flour, butter, rice, and sugar disappeared. Hospitals ran out of medicine.

Elderly women were forced to dig through trash bins for food. The situation grew so severe that the government organized a special SWAT team to conduct tax raids on the homes of its citizens to get every last dime it could out of them.

And I’m not talking about ancient history, either. This happened in 1999, and there are plenty more examples where that came from.

For instance, most people think of Argentina as a poor country.

What they don’t know is that before America became the dominant superpower on the planet, Argentina was one of her main competitors.

It was a lot like the U.S. with similar resources, a similar population and similar spirit of free enterprise and liberty. In fact, Argentina was actually growing faster than America. Buenos Aires, its capital, was settled by immigrants from Ireland, Italy, and Germany.

It combined the rich agriculture and industry of Chicago with the boulevards, parks, and buildings of Paris.

A few years ago, I bought an isolated cattle ranch up in the Andes Mountains of South America, so I pass through Buenos Aires regularly on my way there, and I know the country pretty well.

Walking down the streets, you’ll see decaying subway trains – state of the art many years ago – big, beautiful buildings covered in graffiti, windows broken, old cars – top of the line in their day – sitting junked by the side of the road.

It’s as if a war had broken out.

Why? It was a financial crisis, very similar to what I see coming in the U.S.

In fact, when you look at the damage that events like this can cause, it’s no small wonder our government has already put $4.5 trillion – that is more than it cost to liberate Europe – towards stopping it.

For example, in the 1990s riots killed 1,500 people and destroyed 4,000 buildings when a country in Asia got hit with a similar economic disaster.
But worse than the property damage, the violence, even the food shortages…

Events like this have a strange power, greater even than wide-scale physical disaster, a power to not only make your wealth and the stability you’ve grown accustomed to disappear, but also your very way of life – the traditions, the values, things passed down for generations.

For example, when a violent monetary trauma hit Germany’s first republic, thousands of years of tradition disappeared overnight.

Worse than the financial damage was the social damage.

Families collapsed as the young turned on the old.

Women were forced into prostitution.

Mothers begged to keep their children fed. Political gangs assassinated one another in the streets.

A young man recalls:

“It was dreadful to watch. It was more than disorder that smashed over people. It was something like daily explosions. If anything survived one explosion, it got into another the next day.”
Another writer, Kurt Kersten, recorded the downfall as it happened:

“German culture, as much as it existed, is perishing. The middle class is worn out. One has only two choices: either slowly perish or join the leftwing revolutionary party.”
Imagine that in today’s America when our very culture is already under attack, where they young already seem to be at war with our traditions.

Imagine for a second…

Truckers can’t get the gas they need for their rigs

Grocery stores’ shelves start to go bare
Homeowners can’t get loans and prices crash
Bonds become worthless; IRAs and 401ks can’t be cashed out
Stocks fall dramatically before the markets close altogether
Prices swing wildly out of control
People take to the streets demanding action from the government
Strikes paralyze our industries
Rioting destroys homes, shops, even entire neighborhoods.

I’m not saying you’ll wake up tomorrow and suddenly America will no longer be a superpower or that tonight someone will try to kick down your door looking for cash and valuables.

But what I am saying is that when this does start, things will go bad very quickly. You never think it’ll happen to you.

In fact, no one ever does. It’s human nature.

Your brain actually won’t let you believe that a disaster can happen.

Even when the evidence is clear that a major upheaval is on its way, even when it’s a simple matter of common sense that danger is near, most people convince themselves that it can’t happen.

Look. How many big, big events have happened in the last 30 years?

I can only think of five:

The collapse of the Japanese miracle economy
Fall of the Soviet Union
The blowup of the dot-com bubble
The attack on the World Trade Center and the war on terror
And the financial crisis of 2008 – 2009.

I’m proud to say that my organization got four out of five of these things right. I don’t know of anyone else who was even close.

But that’s how big events happen and why they’re so important, because nobody expects them.

For instance, back in the late 1980s, I became convinced that the Japanese stock market was about to crash.

At that time, the Japanese had just bought New York City’s Rockefeller Center for $846 million. They had also bought Columbia Pictures for $4.4 billion.

And American tire maker, Firestone, was also suddenly a Japanese company.

They were selling more cars than we were. They were making better computers and TVs. On the face of it, it was crazy to bet against them…

Yet on Page 87 of our annual forecast of 1989, we wrote:

“In our view, the Japanese stock market is one of the two most overvalued markets in the world. The long-running bull market in Tokyo may be nearing an end.”

That year the Japanese stock market was at its highest point in history.

Movies and books at the time were depicting a future with Japan as the No. 1 superpower.

Maybe that sounds foolish now, but back then it was a fact, and everyone thought we were crazy for predicting the end of Japanese domination.

I remember in October of that year, one of my friends, economist and author Mark Skousen, made a joke of it.

As a present, he gave me a mockup of a book:
How I Called the Crash in Japan,
by Bill Bonner.

I wish I had written that book.

People just refused to believe that big change was on the way and that Japan would fizzle out.

At Agora, we’ve run into that many times.

For example, in 1987 we predicted the fall of the Soviet Union.

Back then we wrote:

“The same hidden megapolitical forces of decentralization that broke up the European empires are doing their work. The Soviet empire will inevitably crack apart.”
At the time, our politicians in Washington had been stockpiling weapons to guard against what they thought was superior Soviet technology.

The famous Team B report, commissioned by the CIA years earlier, had claimed that the Soviet economy was booming, that they were capable of mass-producing bombers and missiles and that they wouldn’t hesitate to attack America.

Yet in 1987, we weren’t fooled. We wrote:

“We have no doubt that sooner or later, but probably sooner, many of the characteristic features of the Soviet system will be abandoned. Put simply, communism is in its twilight.”

Sure enough, two years later the empire started to break apart.

By 1991 it was all over, something scholars and politicians here in the U.S. had been unwilling to believe. Even a report commissioned by the CIA and approved by George H. W. Bush got it totally wrong.

People just could not imagine that a world superpower would suddenly become irrelevant, just as people could not believe that Japan would ever break down, or that the tech boom would ever stop, or that housing prices would fall.

As I’ve said before, Agora has been at the forefront of nearly every great world event in the past 30 years, and even the government has acknowledged it.

After 9/11, the CIA requested copies of a note I had sent subscribers warning of trouble ahead for America, but that was the one even we didn’t see coming.

And years before that the CIA actually tried to convince me to use Agora as a front for their international operations. In case you’re wondering, I said no.

Yet despite all that, we’ve encountered the same resistance each and every time we’ve released new research. In fact, we’ve studied it, and there’s a good reason human beings often refuse to believe that things can change.

I’m from southern Maryland. I grew up in a poor family, and as soon as school let out, we’d go to work in the tobacco fields.

This was in the 1950s and ’60s, back when that sorta thing was still allowed.

Every year in mid-spring, my Uncle Edward would get my cousin, my brother, and me to sit on the back of his old tractor and plant tobacco while he drove up and down the fields.

Now imagine that my uncle wasn’t sure summer would come that year – that he wasn’t sure the tobacco crop would grow.

Well, I can tell you Uncle Edward would’ve sat on his porch with a six pack instead. You see, human beings need to believe that things will happen more or less as they always have, that the sun will come up every morning, that plants will grow, that the rains will come.

If we didn’t, we couldn’t plant food or buy houses or start businesses or do much of anything. Of course, believing nothing will ever change is actually a form of delusion; totally irrational, but it’s necessary for our survival.

The problem, though, is that sometimes things do change big time, and we are unprepared when really big changes are about to strike. People refuse to believe what’s often right in front of them.
Lawyers call this “willful blindness.” Psychologists call it the “normalcy bias.”
That’s why, while I was warning our subscribers about the dot-com bubble, for example, plenty of people thought it would never end.

A famous book at the time – Dow 36,000 – argued that the stock market was cheaper than ever. An article published in The Atlantic read: “Stock prices could double, triple, or even quadruple tomorrow and still not be too high.”

Then suddenly the NASDAQ started falling and eventually wiped out 77 percent of its value.
Today I’m seeing the same willful blindness here in America.

People believe that our credit economy can just keep going forever, that we can keep borrowing and spending money that really isn’t there.

They think debt can go up faster than income indefinitely, even though it’s mathematically impossible.

And now our highest government officials are still locked in a desperate struggle to keep this system going, and the fact of the matter is they’ve already used up all the tools they have.

They’ve kept credit cheap by reducing interest rates to near zero.

How much lower can they put the rate if the system runs into trouble? They’ve already expanded the fed’s balance sheet by 542 percent in just a few years.
How much more can they do?

History is full of people who thought they were the exception, just like most Americans believe today.

These stories always play out the same way.

People think the rules don’t apply to them. They think they can get away with something that no one else has.

Our credit economy is no different. The rules still apply.

Credit is not real money. It’s just the flipside of debt.

You run up too much debt and you go broke, and many, many Americans are about to learn this eternal truth the hard way.
We can’t build the biggest credit system in world history and expect it to stay standing forever.

Eventually someone loses faith.

In fact, we’ve seen this before, right here in America. In 1819, people in America started noticing that banks were always trying to get out of honoring cash deposits.

They gave you an IOU instead, supposedly as good as real money. But attempts to redeem those notes for actual money were actually blocked or stalled in some way.

Suddenly, cash started to skyrocket in value, with banks desperately trying to cover up the fact that they couldn’t actually honor their deposits.

They didn’t have enough money.

When the American public along with foreign creditors caught on to this…

A third of America’s money vanished into a black hole…
The Western Territories ran out of cash completely. They had to switch to a barter system using grain. Real estate and land prices dropped off a cliff, as did income from rents.

You couldn’t sell anything, because no one had the money to buy it from you.

And no one would risk a loan, because there wasn’t necessarily enough cash to get it back.

Nearly half of all the money in the country disappeared. The resulting economic collapse stretched on well into the following decade.

And we were lucky, because we were young and the collapse happened before the problem was bad enough to do permanent damage.

And back then most families were self-sufficient, and the whole economy worked on cash, not credit.

Today, it’s a different story.

We have a credit system, worth more on paper than the national wealth of most countries, and it’s already starting to come apart.

Ever since that 2008 morning when the Treasury noticed billions disappearing from the U.S. economy, the Federal Reserve has been locked in a desperate struggle to keep this event at bay, and it hasn’t worked.

They’ve even been flooding the U.S. economy with more new money than ever, to try to make up the shortfall.

You see, the Fed’s goal is to hit 2 percent inflation. When that happens, they’ll know what they’re doing is working.

Except inflation won’t budge. They’re already doing everything they can…

And now they’re running out of time.

By this summer, the Federal Reserve was already supposed to be raising interest rates, but the latest GDP numbers show the economy’s contracting, not growing.

Now the consensus is that they will keep rates low at least till the fall. And frankly, I don’t believe they’ll raise rates then either, because we’re starting to see dollars being drained from investment funds.

In just one week, $7.2 billion disappeared from U.S. stock funds, the ninth major withdrawal in the last ten weeks.

Just one fund has already seen $38 billion pulled out this year. To compare, the previous record for withdrawals was set in 2009 with just $20 billion.

And Wall Street’s already on edge. A note from a Bank of America analyst is now warning, “Correction risk will grow in the absence of fresh inflows in the coming weeks.”

It’s not clear where this money is going, but billionaires are thought to be hoarding an average of around $600 million in cash each.

As we get closer and closer to this crisis, I expect more and more restrictions on your ability to deposit, to withdraw, and to use your own cash.

Here’s what will happen: you’ll go to your ATM, but your account will be frozen. The bank will tell you it noticed a suspicious activity.

What suspicious activity? You tried to take out your cash.

In fact, we’re already seeing this in Europe.

Just recently a Swiss pension fund tried to withdraw a very large amount of cash from its bank, with the idea of storing that cash in a guarded vault instead. The bank refused to give the fund its money.

And when the pension fund complained, the government backed the bank. In fact, it admitted that it had been, quote, “recommending that banks with cash demands act restrictively.”

And it’s already starting to happen in the U.S.
From Florida to New York, states have been moving to restrict citizens from accessing and using cash…

In fact, Louisiana just made it illegal to use cash to buy any precious metals… including gold.

Even some in the mainstream media have started to notice what’s going on. Bloomberg has reported:

“There’s a surge of creativity around ways to drive interest rates deeper into negative territory. As this new world takes shape, cash becomes pivotal.”
Am I just being paranoid? I hope so. Maybe it won’t happen. Maybe it won’t be so bad. But as you’ll see in a moment, something must give. The credit economy cannot last, and it’s anyone’s guess just how bad it will be when it finally gives way…

America on the Verge of Being Ripped Apart
In America today we’re seeing protests, rioting, young people fighting with police and turning their backs on American values.

A majority of people in the U.S. now favor taking some people’s money to distribute to others.

A majority also favor higher taxes.

It’s already beginning to look like a very different America from the one you and I grew up in.

Today one in five Americans do not think the U.S. will remain a single country going forward.

There have already been secession movements in Texas and now in Hawaii. In fact, a consultant for the Pentagon recently revealed plans by the Chinese to provide arms to these Hawaiian separatists.

And Chinese officials have actually threatened the U.S. secretary of state, saying they would not hesitate to assert their territorial claims over the islands.

According to at least one source, the U.S. military even has contingency plans in place for the withdrawal of U.S. troops from Hawaii.

Meanwhile, a recent report by Pew Research finds Americans more divided than ever. But frankly, you don’t need a scientific study to prove that…

From the violence that ripped through Baltimore last April…
to the complete dysfunction of our Congress…
to the massive decline in marriage rates for our young men and women…
to the increasingly vocal and sometimes violent opposition to traditional American values…

I’m not sure how well America, at least as I know it, could withstand food shortages; banks closing; bonds, retirement accounts, and benefits becoming worthless.

That’s what would happen, because there’s not enough real money, real cash, to support the standard of living that we’re used to.
Realize that if you collected every single dollar in the country, you’d have less money than the GDP of Finland…

And not much more than the GDP of Greece.
Our economy runs on credit, not cash.

And in a credit crisis, which is certainly ahead, credit is the first thing to disappear. The second thing that goes is cash.

And then you have real problems.

I’ve seen cases where economic shocks like this last year’s, where…

people are cut off from their bank accounts for months at a time,
prices swing wildly out of control,
strikes cripple services and shut down highways,
hospitals can’t get medicine,
governments become increasingly desperate and violent…

Whether this will happen today or tomorrow or a month from now, I don’t know. Nobody knows. But I do know that no country in history has ever maintained the course that America is on now. I know that no one gets away with creating fake wealth. Credit can’t be free; there’s always a price to pay.

Many of my closest friends and colleagues, some of the richest, most well-connected people I know, are already preparing themselves.

Some are buying gold and silver. Some are moving to foreign countries or even renouncing their U.S. citizenship.

All of them are stashing away cash.

Pretty extreme, I know.

Myself?

I already mentioned my isolated and entirely self-sufficient mountain ranch, and I’ve also amassed a good deal of gold, silver, and other currencies as a hedge against this scenario.

Of course, I realize that most people can’t do measures like these. So in just a moment, I’m going to let you in on a couple things I’ve put together to help you.

But before I do, there’s just one thing I haven’t told you yet.

You see, the story doesn’t end with the shutdown of our credit networks and the massive systemic shock that comes along with it.

What I’ve just warned you about is merely the run-up to an event that will change the course of world history and bring the American era to a shocking conclusion.

Now, I know that you’ve already given me a lot of your time, and I appreciate that, so I won’t go into the second part of the story right now.

But I’ve laid it all out in “The Great American Credit Collapse,” a never-before-published exposé on this crisis.

It’s not that long, only 18 pages. You can read it fast and get ready quickly.

And it’s not some boring textbook on economics.

It’s written as a thrilling, easy-to-read account of what the future holds for America, what the collapse of our system will look like, and what the government will do in response.

It details…

Your day-to-day life in the post-credit economy
The SHOCKING SECOND ACT of the story that I haven’t told you yet
The DESPERATE policies our government will try and why they won’t work
HOW food shortages will break out across the country and WHERE YOU should be when they hit
WHERE the money and the opportunities will be in the post-credit economy
WHY I do NOT believe we’re going into a 30-year depression…
And much, much more.

The fact of the matter is, the failure of our credit system won’t just push down profits and produce a few layoffs.

It will change everything about how you live in America and how you get around to the stores you shop at and the brands you buy.

Now, I’ve co-written or written two New York Times bestsellers, and about five books in total. You can go online and buy any of them.

But I would recommend that you read “The Great American Credit Collapse” before anything else.

Only you won’t be able to find it at any bookstore. In fact, I didn’t even give it to my book publisher.

That’s because it’s not for sale or intended to make me any profit. I’ve prepared “The Great American Credit Collapse” to be the definitive resource in understanding how this collapse will unfold.

That’s why you’re about to get the opportunity to claim your own free copy in just a moment. It’s the first step you can take right now to get protected. I’ve already put measures in place to protect myself and my family.

In fact, let me show you what I’ve done.
I’m currently writing this from my mountain cattle ranch…
9,247 feet above sea level…
and a six-hour trek from the nearest city….

My laptop is running on solar power. And when the satellite I use to access the Internet comes up over the mountain, I’ll send this out to my offices back in Baltimore (where they’re still recovering from riots earlier this year).

It sounds odd, I know, and maybe I am a little eccentric.

But I learned a long time ago that you can’t just follow the crowd and do what everybody else does and hope to get different results.

And actually, I don’t live here full time. But it’s nice to know I have a safe haven somewhere, especially as my six children get older and move away.

I like knowing that they have a place to take shelter should the worst happen.

We grow our own vegetables here. We keep our own livestock. In fact, here at the ranch I even have a vineyard so I can drink my own wine.

Meanwhile, to keep my money safe I recommend that everyone have a stash of gold somewhere.

And besides that, I personally keep my investments diversified in foreign currencies and foreign businesses.

In fact, over the 30 years, I’ve tried to expand Agora as much as possible.

Today we have offices on every continent except Antarctica, in cities from Mumbai to Beijing to Paris and Baltimore.

As far as I know, we’re the only ones consistently and vociferously warning about this coming worldwide crisis.
But I realize that you may not be able to take the same actions I’ve taken…
And frankly, I wouldn’t recommend that you do…

Maintaining international properties when you’re not around to fix things is very expensive.

And I have an army of consultants, lawyers, advisors, and friends all over the world to make the connections and investments I need to pull this off. But you don’t have to.
All the information and advice you need is available for free. You just have to connect the dots sometimes. Or you can let my team help you and make it simple.

That is, I want to give you access to everything my team has pulled together on the end of credit in America.

Consider it your personal intelligence briefing on the subject, from the very head of a multinational research and news organization.

And if you’re imagining complex charts, data tables, and things that look like bank statements, don’t worry.

That’s NOT AT ALL what I have in mind. Let me show you what I mean.

Let’s start with where you can find money you can trust.

Where to Find Money You Can Trust

The fact of the matter is, you should not trust money you can’t hold in your hand. In the beginning of this crisis, before people realize what’s going on, I expect physical dollars to become very scarce.

Numbers on a screen will do you no good in a credit collapse. That’s why if you ignore everything else from this presentation, I would hope that you maintain an emergency cash reserve at home, one month’s worth of expenses at a minimum.

But cash dollars aren’t the only kind of money I would recommend you have during a crisis. Now, the truth is that I’m a bit of a gold bug.

I’ve made good money investing in gold ever since issuing my trade of the decade back in the year 2000: buy gold, sell U.S. stocks.

In fact, I believe there’s a very good possibility that the price of gold will rise dramatically. But please don’t buy it to make money.

It’s also an excellent store of value, like an indestructible savings account.

But gold is not actually that practical for day-to-day transactions, once dollars become scarce and electronic forms of payment are no longer working.

We saw this back in 2001, during Argentina’s financial collapse.

Argentines found themselves using radically different new forms of money. And the interesting part is that they weren’t rare gems or coins.

In fact, what becomes valuable in a crisis will shock you.

Many times it’s stuff you already own in your own home, wealth you never thought you had. And there’s often no one type of money that dominates in the aftermath of a major collapse.

You may need different types of currency for different transactions.

That’s why I’ve had my team assemble a guide on the types of money you want to have readily available when our $60 trillion machine finally breaks down.

For example, this one small item you can buy at Wal-Mart, or almost any department store, that during a crisis becomes an incredibly valuable currency for everyday goods. You may even have some in your home already.

And there are plenty more examples. You’ll find full details in “The Crisis Money Guide: The Money You Need to Have in Times of Crisis.”

As part of your full briefing on our credit thread, I’ve decided to include this guide with every copy of “The Great American Credit Collapse.” And no, neither of these are for sale or available through any other Agora service. But that’s just the beginning.
How and Where to Get Your Own “Bolthole”

Have you ever dreamed of having a safe, self-sufficient spot you can get away to?

Imagine sitting down to a meal of your own meat and vegetables, never spending another second stuck in traffic on your way to Wal-Mart.

But having your own bolt-hole with your own food supply is about more than just living better.

When the credit system fails and shuts off our supply chain, I expect the cities and the suburbs to be hit hardest.

They depend the most on shipped goods.

That’s why now is the time to look into getting a bolthole, a hideaway.

Call it a safe house. Don’t worry, travelling to foreign countries is not required. According to my team of top researchers, there are still many ways to get beautiful property right here in the U.S., even on the cheap, and sometimes for free.

In fact, some of the most beautiful land in America is up for grabs if you know where to look. You’ll find it all in “How to Get Your Own Bolthole on the Cheap.”

I actually used one of the techniques you’ll read about to secure my very first building in Baltimore for just $1.00.

But you don’t have to move away from your home and your friends to take advantage of what I’ve done.

In fact, when you receive your own copy of “How to Get Your Own Bolthole on the Cheap,” you’ll discover what you can do to gain all of the advantages of having your own off-the-grid haven without ever leaving your own neighborhood and the friends you know so well.

You see, being prepared is not just about hoarding money or moving out to the wild. There are many things you can do without taking such drastic steps. In fact, here’s one of them.
A little while ago I went to find the best business to own when cash is tight and credit is very hard to come by…
I’m talking about the most profitable business in the worst of times.

And no, this is not about taking advantage of anyone. In fact, this is a business that will come to the rescue of a lot of people who suddenly find themselves cut off from cash and credit.

And the best part is that you don’t have to wait till a crisis to take advantage of it.

This is a business that can earn an annualized 243 percent right now.

No, it’s not some bank or financial wizard. It’s about as underground as you can get. And you won’t see this type of business getting any government bailouts, so they keep their risk ultralow.

And when credit disappears in America, everyone will be a potential customer.

It’s all detailed in the next part of your briefing, called “The Best Business in the Worst of Times.”

Again, I don’t offer an investing service. I do almost zero trading in my personal life.

And when there’s an opportunity I think has potential, I sometimes do share it, and that’s exactly what I’ve done here.

In fact, when I was asked to make one investment recommendation by our in-house private interview service, I gave them the name of just one company, the very same company you’ll discover in your copy of “The Best Business in the Worst of Times.”

As I write this, shares for this company are already in very positive territory, and I cannot guarantee it will still be a buy for much longer.

I also cannot guarantee I will be issuing any further investment tips in the near future.

So I urge you not to wait before discovering all the research I’m offering you today, including…

“Great American Credit Collapse,”
“The Crisis Money Guide: The Money You Need to Have in Times of Crisis,”
“How to Get Your Own Bolthole on the Cheap,”
“The Best Business in the Worst of Times.”

And there’s actually one more part.

If you’re thinking of moving when you retire, or are considering buying another home, then you won’t want to miss “The Smartest Move You Can Make in the Age of Dying Credit.”

It’s a piece of advice that I think everyone should hear, especially if you’re thinking about moving, selling your house, or buying another home.

You’ll receive it for free when you choose to find out the full story behind what’s going on in America and how you can be prepared for it.

But before I can give you access to this, I want to make sure that you really are getting filled in on every single crucial aspect of this developing story.

That’s why I’m including something a little bit different in the library you’re about to receive.

You see, part of the reason I’ve been observing this growing credit system for so long is that it has shocking similarities to other large-scale disasters I’ve observed in history. It shares a very important common thread with almost every single failure and disaster I’ve seen.

But what’s more intriguing is that this same thread pops up everywhere, even in places you’d least expect. It’s a very simple phenomenon. It’s been recorded by scientists, and yet most people don’t realize it exists.

That’s astounding ’cause everything, from the national debt and American credit, to war, to making money and getting rich, to success in business, or how you interact and get along with other people, to almost any task we undertake, even your own projects and life’s ambitions, deeply affected by this one thing.

Had Napoleon understood this, his family might be still ruling half of Europe. If that seems incredible, it’s precisely why I find this one thing so fascinating. It’s everywhere. It’s behind more than one specific form of cancer and many preventable diseases.

It’s behind mental health problems too. If Americans understood it, we’d be leading much healthier, longer lives, with much less government.

It’s so exceptional, I’ve actually written a book about it called Hormegeddon.

If I say so myself, it’s the best book I’ve ever written, and it’s probably the last book I’ll ever write, because I consider it to be the final word on everything I’ve spent the last 40 years building.

It’s like the blueprint on which every prediction we’ve made and most of what I believe is based. And it has played a role in much of my life, just as it does in yours, even if you don’t realize it. Of course, Hormegeddon is not a self-help book. But it’s almost impossible to truly understand what’s about to happen to us without understanding what the word “Hormegeddon” means.

Here’s what bestselling Black Swan author Nassim Nicholas Taleb, and distinguished professor of risk engineering at New York University, had to say about Hormegeddon:

“This is a must-must-must-read. It is deep, illustrative, witty, pleasant to read. Buy two copies: one for yourself, another for the nearest policymaker.”
And contrarian economist Marc Faber, a.k.a. Dr. Doom, said,

“I am seldom jealous of anybody, but I truly envy Bill Bonner’s writing and intellectual skills. It’s funny, cynical, sarcastic, highly informative, beautifully written, entertaining, and, most importantly, written by a man who is not afraid to tell the truth and stand up for it. I do not say this often, but when I read this Hormegeddon, I was truly in awe.”
I almost blush when I read reviews like that, but you might as well know what people are saying.

Another reviewer says, “This is a book that works on so many levels. It’s the kind of advice you wish your dad had given you.”

Another says, “Hormegeddon is simply brilliant. This book offers a detailed analysis of the major problems of our day and exposes the fallacy that is collective central planning in a way that is undeniably logical. The true treasure contained within this book is not the microanalysis, however, but something even more important.”

But just to make it easier, I’ve decided to include a free electronic copy of Hormegeddon with the intelligence reports I’ve already mentioned.

You see, I’m a businessman. Agora is not publicly funded, and we’re independent of any bank or corporation or large media company.

This is important.

We’re not saints or do-gooders. We’re not smarter either. We’re just not beholden to Wall Street or the government or Big Business.

So we don’t pretend not to see this huge credit bubble getting ready to pop. We’re out here on our own.

We owe all our success to individuals just like you, not Big Brother or Big Money.

So you can see why I would want to tell you about what I believe to be the defining collapse of America.

We’re all in the same boat.

And right now, I’m worried about what might happen to you and to other hardworking Americans when the credit markets seize up and the ATM’s stop working.

So maybe it’s time, before I let you go, to tell you what exactly is going to set off the largest financial collapse in world history.
“What’s the flash-point here?”

Well, the truth is that major events like this rarely have big triggers or flash-points.

For example, the Arab Spring, a revolution that toppled four governments, sparked civil wars, and led to mass protests and riots in at least 12 other countries, began when a fruit vendor set himself on fire.

When the right set of conditions are all aligned, as they are right now in the U.S., it doesn’t take a big event to set off a historic implosion.

It’s almost always something small, unexpected.

Think about World War I, in which millions of Germans, British, and Americans died in trenches in France.

It started with a shooting more than 1,000 miles away by a Bosnian.

And if you’re aware of what’s going on in America today, if you’ve seen the unrest in our cities, if you’ve noticed that something’s not quite right with our economy, then I don’t think it will take much to set off an irreversible breakdown in our way of life.

That’s why I want to give you everything we’ve got on this crisis, because the most important thing I’m going to offer you is something I haven’t even mentioned yet.

It’s a pass into a very special group, within the largest independent multinational research firm in the world, Agora…
Because this investigation isn’t over yet. What we’ve uncovered so far is just the tip of the iceberg.

October 21, 2015 This Old Man’s going to wake you sheep up one day!

‎                                                        Wednesday, ‎October ‎21, ‎2015
Old Man does speak the Truth, Wake up !
This is not a political rant. I have to say that up front before everyone pulls out their guns. This is not about Obama or Bush or Clinton or anyone.
Nor is this about voting. I don’t vote. You know why? Because nothing can change. You can argue with me, but don’t bother. Nothing will change. And I still won’t vote.
The reasons the government is killing people is systemic and not political. The reason I’m writing this article is not to complain but to protect.
If you don’t want to die and if you want to help people who are dying then just try to avoid the following situations…
A) The government is starving senior citizens to death.
The baby boomers are now retiring en masse. Unless they are wealthy, retirees live off of social security and interest on savings, plus they cut back on expenses.
Social security is going up 1.5% this year. Savings rates are about 0.1%.
Guess what: Food inflation will go up 3-4% this year. Like it goes up every year.
So how will senior citizens be able to afford their food?
One answer: They can start eating dog food. Even Cat food!
Or they can die.
Solution: No tariffs with any country on any food. Set up free trade agreements everywhere. Truly move to a global economy.
B) The Student Loan Debt Suicides
Because the government is the last resource backing and insuring student loans, banks and colleges have freely raised loans and tuitions faster than inflation for 40 straight years.
Student loans are now over a trillion dollars. That means young people, kids really, who are 22 years old, are more in debt than many of their parents.
Has it helped them? You tell me. More than 50% of the unemployed have college degrees. So the old excuse of: “You need a degree to get a job” no longer works.
There’s a lot of reasons to not go to college. This article won’t cover them. But perhaps the most important reason not to send your kids to college is to help them avoid suicide.
Why suicide?
According to the American Society of Suicidology: “Economic strain and personal financial crises have been well documented as precipitating events in individual deaths by suicide.” This is sort of obvious, but it’s interesting to note that over $2.7 billion student loans were forgiven because of death.
Young people are in more financial stress than ever.
More loans + less jobs + less income = more death.
Solution: Stop backing student loans to make a quick buck. What will happen? Colleges will get less applicants and tuitions will go down. Simple.
C) Guns don’t kill people. But drones do.
Ok, the U.S. has finally admitted it. Between 2009 and October, 2015, 4 U.S. citizens have been killed in drone attacks in the Middle East. A couple of points on this:
1) When someone in a bomb shelter in Kansas can impassively control drone killings in the Middle East, it’s more like a video game than an actual war. It emotionally distances the joystick user from the victims.
2) The U.S. admitted 4. Which means the actual number is probably a lot higher. This is not cynical but common sense. If you disagree, then fine. 4 deaths of U.S. citizens by drones. But I think the number is much higher.
3) This is just U.S. citizens. How many innocent bystanders who were not U.S. citizens have been killed? I don’t know. This is just about U.S. citizens being killed by the U.S..
Solution: Stop drone killings – everywhere. Do we really want missile-armed, hackable robots in the sky placing targets on anyone’s heads? Think anything could go wrong there?
D) The Death of the Middle Class is more than symbolic:
Since 1970, inflation has gone up higher than median income. In other words, the rich don’t care and the poor (those whose basic needs are protected) don’t care. But the middle 90% care.
The number of full-time workers in the U.S. is about 6 million less than it was in 2007.
Meanwhile, more homes than ever are still valued less than their mortgage. I see this from my vantage point on the board of one of the largest employment agencies in the world. Basically, things are sad.
76% of all Americans are living paycheck to paycheck. And if you want a job, good luck: the second largest employer in the U.S. (Kelly Services) is a temp agency.
The demographic with the highest suicide rate? Men, age 45-65. The latest data is hard to collect but 2010 was the record year on suicides. 2011 and 2015 data not available yet.
I wish this weren’t true but it is. I’m 69. Here goes!
Solution: Don’t raise taxes on this middle 90%. Reset mortgage rates to reflect current interest rates and have the government pay the difference. In other words, bail out the people killing themselves instead of the banks who are killing people.
E) The FDA is killing people, part I.
I’m not going to draw a direct line here from the FDA to actual deaths. In part, because I don’t want the FDA to kill me.
But the reality is this: It costs $2 billion to get a lifesaving drug through the FDA.
There’s four different tests that a drug has to go through and it’s very expensive, lobbying is involved, and the FDA takes their time.
The reason for this is that the FDA doesn’t want people to take bad drugs that will kill themselves. A couple of points on this:
1) The FDA recalls about 2000 drugs a year for being too harmful for human consumption. So what was the good of those initial trials anyway?
2) People who are close to dying don’t give a shit if a drug is being tested. They would be more than happy to take their chances rather than just die. It takes a drug up to ten years to get through the FDA. During that time, many drugs could’ve saved lives.
3) According to the Center for Disease Control: prescription drugs now kill more than heroin and cocaine combined. The War on Drugs needs to be aimed at the U.S. government.
Solution: End the FDA. Make every drug available to people. The drugs that will be successful in the marketplace will be ones where the marketing is backed by independent tests and, yes, the successful drugs will be the ones that actually save lives.
Will there be an increase in deaths also? Maybe. But the FDA-approved drugs also kill people, so who knows if it will be more or less? My guess is the lives saved will be much greater.
F) The FDA is killing people, part II
Here are the most expensive drugs in the United States:
• Soliris, $409,500 per year
• Elaprase, $375,000 per year
• Naglazyme, $365,000 per year
• Cinryze, $350,000 per year
• ACTH, $300,000 for two courses of treatment
• Folotyn, $30,000 per month
• Myozyme, $100,000 per year for children, $300,000 for adults
• Arcalyst, $250,000 per year
• Ceredase/Cerezyme, $200,000 per year
• Fabrazyme, $200,000 per year
• Aldurazyme, $200,000
Why are they so expensive? Because they save lives AND because of the costs it took to get through the FDA. Whether your market is a million people or 1000 people the costs to get through the FDA are the same. So if you are in a small market (Soliris saves about 6000 people a year – a small market – from Paroxysmal nocturnal hemoglobinuria) then you have to charge a lot for your drug.
Doesn’t insurance cover it? Maybe, maybe not. But let’s say insurance does. That means those costs have to be passed on to everyone else who isn’t sick. That’s not good either.
Solution: Same as above.
G) Doctors are killing people
According to the law, you can’t be a doctor until you get into massive debt by going to umpteen years of medical school.
Fine.
Most people make the argument, “Would you rather have a janitor or a Harvard trained brain surgeon operating on your brain”?
When someone asks me that I usually punch them.
All that matters to me is if someone has a lot of experience. They don’t get that in school.
Or a laboratory. They get that by DOING. Apprenticeship, to me, works better than medical school. Then people start getting experience early on.
But back to doctors killing people.
According to Johns Hopkins, 98,000 people a year die from doctor mistakes… either mistake in surgery or mistake in prescription. So what good was medical school?
And if you randomly pull 100 charts, 40% of them will have basic errors on it.
By the way, the doctors are not happy about it either. On average, one doctor a day kills himself.
Solution: This is drastic, but get rid of the requirement of a medical degree. Let’s get back to an apprenticeship system and then use social proof to validate the good from the bad.
By the way, google, “Get a Medical Degree.” Approximately 5,000 practicing doctors in the U.S. have fake medical degrees. Including me. But I don’t practice any more.
10
Good luck if you eat like the USDA approved food pyramid.
Chances are you will get obese, diabetic, get Alzheimer’s, have strokes, and all sorts of other good things.
It’s been obvious for decades that food and agricultural associations, dominated by the big food lobbyists, control what makes up the food pyramid.
It’s also been obvious for years that the recommendations cause problems for your health. The food pyramid was introduced in the U.S. in 1992.
68% of the U.S. is now obese. I don’t have to list the diseases and unhappiness caused by obesity. Put it this way… I’m sure you would rather be not-obese than obese. There are 3,000,000 obesity related deaths per year in the U.S.
Eat 6-11 servings of bread and pasta and see how you look and feel a year later. This is not an article about diets or how you can lose weight.
This particular section is an argument against lobbyists. The lobbyists that influence the decision makers on the food pyramid have interests that are not in line with your health.
That should be clear.
Solution: Do away with the food pyramid and stop teaching it in schools around the country so our ADHD kids get even more brain damaged and unhealthy.
I) Marijuana is Illegal and Cigarettes are legal
This is such an obvious one that if an alien race were to land on Earth and study our laws they would slap Congress right in the face and say, “What the f*ck were you thinking?”
11
That’s what’s in a cigarette. Not to mention Polonium-210, a radioactive element. You can basically pull apart a cigarette and make a nuclear bomb.
Cigarettes are linked to cancer, heart attacks, strokes, Parkinson’s, dementia, and every other fun disease you can think of.
Meanwhile, how many people have died of a marijuana overdose? ZERO.
And what diseases does marijuana help alleviate the symptoms of? Many… ranging from glaucoma to cancer to anxiety.
Solution: Obvious
Again, this has nothing to do with politics. Nor am I just trying to complain. I’d just rather let individuals decide the best ways to live and die. Not the government.
P.S. I also think trying to do MORE things to avoid death (e.g. the entire anti-aging industry) is probably no good for people.
So as an added bonus, here is an idea…
List the top 10 killers in the U.S. I’ll do it for you.
From the Center for Disease Control:
• Heart disease: 616,067 deaths last year
• Cancer: 562,875
• Stroke (cerebrovascular diseases): 135,952
• Chronic lower respiratory diseases: 127,924
• Accidents (unintentional injuries): 123,706
• Alzheimer’s disease: 74,632
• Diabetes: 71,382
• Influenza and Pneumonia: 52,717
• Nephritis, nephrotic syndrome, and nephrosis: 46,448
• Septicemia: 34,828
Now do things which reduce the likelihood of having any of the above be the cause of your death.
Live long and prosper.