Quote from: cryptos on June 03, 2014, 05:49:15 AM

Quote from: AnonyMint on June 02, 2014, 04:04:08 PM

There is no escape in any traceable asset.

I am trying to find the source of two quotes which I think were attributed to anonymous sources within the Treasure department (perhaps Larry Summers).

"We are going to destroy all the millionaires".

"We will burn the fingers of the goldbugs up to their armpits".

We are headed into something quite different than the Great Depression.

The globalists want to eliminate all competition from millionaires. The millionaires will be isolated and few in numbered compared to the improverished masses (as the middle class is sliding into poverty all over the world). Thus it will be very easy to turn the masses against the millionaires.

The next step will be to bring the mainstream Europeans middle class into poverty, then the fireworks will really begin in earnest.

Wow, you paint an awful picture.

Sorry and maybe I am overstating, but did you think this egregious socialism was free ride forever?

The majority are dependent on the government and debt. When those are defaulted, the majority are unfunded. For example in the USA (and apparently Europe is worse) the government has $200 trillion in actuarial (Net Present Value) constituent liabilities, yet even if we confiscated every asset in the USA, it wouldn't reach $200 trillion.

As far as I can calculate in my mind, mathematically there are only two possibilities.

1. We default on these obligations and debts, thus the majority will be impoverished. We could then rebuild faster as capital would be freed up to invest.

2. We avoid austerity and defaults by stealing all the capital to sustain the socialism, thus impoverishing everyone over time and sliding towards a Dark Age.

My assumption is the powers that be prefer #2, because it maximizes their gains in terms of political transfer to global institutions such as the IMF and it maximizes the relative stature of the multi-nationals versus the millionaires who can be fleeced with the socialism of "99% versus the 1%" (which actually means the 1% elite and poor against the upper middle class).

For example all the environmentalism (and feminism) crap was set into motion (by Rockefeller) a long ago as the 1972 U.N. Convention on Human Environment, so now the elite will reap the rewards as they can set these carbon taxes against the millionaires and businesses, and these turtle habitats against ranchers, etc.. Watch Texas's sovereignty become shredded.

Remember this fact. The USA States can't run deficits, but the Feds can. This will force the States to give up their sovereignty to the Feds in order to receive bailouts. In effect, the same situation exists in Europe as the member nations' bonds (other than Germany and a few other northern European nations) will not receive a bid without the ECB backing. Is Texas economically strong enough and politically unified enough to stand on its own? Maybe. Texans are pretty hardy. Yet there are big cities in Texas with government dependents. Perhaps Texans could fracture. In any case, all this chaos is not good for real estate. Titles will become uncertain. My understanding is many titles are now encumbered with uncertainty due to the disputes about paper work from the 2007 subprime fiasco.

I don't see what can resist this outcome. This is perfectly set up by the global elite to slide into the abyss. The forces that would resist this are all gone, because the masses have been converted into socialists.

Sorry but I think Armstrong is entirely missing the point of how serious this is.