Joseph Lee Posted January 5, 2009 Share #1 Posted January 5, 2009 Philadelphia, Pa. 19107 January 5, 2009 Oberservers may well have taken Russian Igor Panarin’s predictions of America’s impending collapse with a grain of salt. After all, he’s been at it for decades. The Russian academic’s prediction that the United States would collapse in 2012 must have seemed so laughable to those whom conservative commentator Ann Coulter has termed the “former frat boys who populate Wall Street” as they guzzled their champagne, swaggered around town in their German saloons funded by annual bonuses of indecent proportions, participating in the shameless mass robbery of billions of clients to the tune of multiple billions. But then came the day when, as the Wall Street Journal declared recently, “Wall Street died.” That day, declared the Journal, was September 14, the day the U.S. government refused to bail out America’s oldest investment bank, Lehman Brothers. The rest, as they say, is history, and very bitter history it is proving to be. The Lehman collapse only revealed the tip of a huge iceberg of unpayable debt that has lain for decades, ever increasing in its massive proportions, under the surface of America’s economy. Week by week, the unbelievable size of that debt, and the fraud embedded deep within it, continues to come to light. So, as reality dawns, politically incorrect headlines have increasingly appeared, finally admitting that the great American “superpower” is in a state of terminal COLLAPSE! In a piece written six months ahead of the Wall Street collapse, headlined “A Bankrupt Superpower—The Collapse of American Power,” former assistant secretary of the Treasury in the Reagan administration, Paul Craig Roberts, wrote (CounterPunch, March 18, 2008), The fact of the matter is that the U.S. owes the world. The U.S. “superpower” cannot even finance its own domestic operations, much less its gratuitous wars, except via the kindness of foreigners to lend it money that cannot be repaid. Afghanistan and Iraq are places where large empires go in to DIE. The U.S. will never repay the loans. The American economy has been devastated by offshoring, by foreign competition, and by the importation of foreigners on work visas, while it holds to a free trade ideology that benefits corporate fat cats and shareholders at the expense of American labor. The dollar is failing in its role as reserve currency and will soon be abandoned. When the dollar ceases to be the reserve currency, the U.S. will no longer be able to pay its bills by borrowing more from foreigners. One month later, under the headline “The Collapse of America’s Service Economy,” Peter Schiff of Euro Pacific Capital wrote, “The foundation of our bloated service sector economy, supported by overseas savings and production, is now giving way. … It is all part of the process of an unprecedented decline in America’s standard of living, which is the inevitable result of years of living beyond our means. … The massive borrowing that has financed the American economy for generations combined with an evaporating industrial base and a lack of domestic savings have combined to lower Americans’ wealth in comparison to the rest of the world” (Financial Sense University, April 18, 2008). You may well call him a man ahead of his time, but had any heeded his words way back in 1980, they may well have avoided the massive losses suffered through the profligacy and mass fraud of the past 40 years that have led to the collapsing of the American and British economies. Almost 30 years ago, Herbert Armstrong wrote an article headlined “Prepare to Greatly Reduce Your Standard of Living!” In 1980, America was shaping up for a time of economic crisis. It arrived in 1982. That was the year of an economic crunch that today’s pundits have pointed to when indicating that, already, economic indicators of the currently downward-spiraling U.S. economy have exceeded its agonies. Here is how Herbert Armstrong led into that article (Plain Truth, March 1980): It’s time you knew the real meaning of the present inflationary spiral, rising interest rates, and fears of entering a severe depression. There is far more to all this economic concern than appears on the surface. Its roots even penetrate back into ancient history and biblical prophecy. … What does it all really mean? What does it portend for the relatively immediate future? We in the United States have enjoyed the most prosperous living standard of any nation in all the history of mankind. There is a reason for this unmatched prosperity that came to us. There also is a reason for the devaluation of the dollar in foreign markets, for our present abnormal inflation, and the fear in financial and government circles that we may well be in the beginning of the most severe economic depression in history. … The stranglehold of inflation and other economic disturbances are tightening around our necks. This trend is going to reach out and greatly reduce your standard of living, in the next two years or more. For many it did, in the crisis of 1982. But did we then see the light? Did we fully recognize the basic laws that we were flouting, the breaking of which would eventually lead to an even greater crisis in the future? No. We just cranked up the credit and began transferring our industry out of our own country into foreign lands (China & Taiwan in particular) offering cheap labor, transforming our former net-export-status economy to that of a net importer—a sure recipe for disaster! The result? Factory closures in the U.S., mass transfers of jobs offshore and the conversion of that which once constituted our own gross domestic product into the gdp of foreign countries. Their gdp skyrocketed even as ours plummeted and our national debt blew out beyond all comprehension. Now the piper must be paid, and there’s clearly no cash in the kitty to meet that demand! But as Herbert Armstrong warned, “What is happening to us now is much more than purely economic causes and effects. … There is a far more important cause behind the Anglo-American rise and fall than mass machine production and labor union action producing a greater diffusion of wealth. There is a far greater cause that is now starting in rapid descent to bring down your present standard of living”. If only we had heeded him then! How much pain and suffering these Anglo-Saxon nations could have evaded. But it was not destined to be so. The United States and the British peoples did inherit the national and material promises of the birthright promised unconditionally to Abraham. And what have we done with all this vast wealth, economic prosperity and world power? We have made physical science the new messiah—our false god—which boasted we no longer needed to wear the swaddling clothes of superstition, or lean on the crutch of religion. Science promised to deliver us from all our troubles! But it failed utterly, and only produced the weapons of mass destruction that can now erase all humanity from the Earth. Our educational systems worshiped at the shrine of the false god of evolution, making it the foundational approach and basic concept upon which all knowledge is based! Evolution is the atheist’s attempted explanation for the presence of a creation without a Creator! Our governments have been corrupt. Our business, industrial, economic and commercial systems have been shot through with deception, dishonesty, greed, selfishness and stupidity. Three decades after Herbert Armstrong penned those words, they are becoming headline news across the world! Michael Morris, a journalist at the World Bank, in an article headlined “The Total Collapse of America,” writes, “This week I saw the death of friends, Paul Newman and Uncle Sam with his wife Lady Liberty. While we all die and I knew that Paul had cancer, I thought that I would never see the death of this great nation, but I was wrong.” Cutting close to the bone, Morris declares, “The root of this entire mess in America is the total collapse of the fundamental core that made America great, the morals, ethics and accountability for one’s actions that ruled our society until the recent past. The chief cause of this abandonment of these principals is our justice system and system of laws that are now governed by greed, political agendas and deception of ‘right and wrong’” (OpEdNews.com, Oct. 7, 2008). Morris at least gets close to the real cause of America’s collapse. Yet it takes a truly enlightened man of God to have the revelatory vision to sheet the blame home where it really belongs! Herbert Armstrong got to the real core of the matter, taking the argument up to the ultimate level of control over human affairs, the spiritual realm: That is the reality behind America’s collapse today! Few listened back in 1980 when Herbert Armstrong’s prophecy of the inevitable fall of the Anglo-Americans was published in that article. Those few who did heed, and prove, and believe and act on those words, have been saved much of the pain and increasing suffering now being heaped upon the Anglo-Saxon nations. Those who did not heed, or who just simply forgot, would do well to note one additional prophetic statement made by Herbert Armstrong in that article that applies very directly to these days we are presently living through: “I warn you, prepare to greatly reduce your standard of living! Even greater punishments are to follow!” Remember, there's a rise and fall to every empire, and the United States of America is NO exeption !!! Link to comment Share on other sites More sharing options...
Y2Julio Posted January 5, 2009 Share #2 Posted January 5, 2009 But..But..Obama will save us! He's our super savior! Link to comment Share on other sites More sharing options...
Shortline Bus Posted January 5, 2009 Share #3 Posted January 5, 2009 But..But..Obama will save us! He's our super savior! I hope you right. If Obama does not perform a FDR type near miracle, this country will start to go to hell. Link to comment Share on other sites More sharing options...
Y2Julio Posted January 5, 2009 Share #4 Posted January 5, 2009 I hope you right. If Obama does not perform a FDR type near miracle, this country will start to go to hell. I was being sarcastic. Link to comment Share on other sites More sharing options...
Forest Glen Posted January 6, 2009 Share #5 Posted January 6, 2009 America isn't on the verge of collapse, but it's flaws are definitely exposed. China is slowly emerging as a superpower (if they can only figure out how to make stuff without lead). American students lag behind European and Asian students in math and science. The Wall Street collapse didn't help. I'll use a simple analogy to explain what will happen: Great Britain was once an omnipotent world power. It had territory in all corners of the world. After World War II Great Britain was just another country. Its citizens still had a good standard of living but Britain was no longer the dominant country in the world. This is what will happen to America. Link to comment Share on other sites More sharing options...
RokuSix Posted January 6, 2009 Share #6 Posted January 6, 2009 But why is it that America lagging behind other nations is such a sign of impending doom? You can't be perfect all the time. Link to comment Share on other sites More sharing options...
MTR Admiralty Posted January 6, 2009 Share #7 Posted January 6, 2009 Really live life as it is... try to make it better... we should all stop worrying about OMG, WHAT IS GOING TO HAPPEN NEXT??? Calm down... it is the start of the new year and let's make it cheerful. The thing driving the economic situation is fear. If the people are scared about the news, their fears will only worsen the economic situation. If we, the people, are afraid to buy, the money will not go anywhere. That will worsen the economy. And the companies will suffer, then the chairmen can't pay the employees and start the lay-offs and then it goes on and on... Link to comment Share on other sites More sharing options...
SubwayGuy Posted January 6, 2009 Share #8 Posted January 6, 2009 But why is it that America lagging behind other nations is such a sign of impending doom? You can't be perfect all the time. because our economy is tied up in spending...all of these things, financial services, real estate, even retail are just spending. the profit is really a phantom profit because if you cut out the middle man it's not needed. our economy is paying because we do not manufacture anything here and run a trade defiicit sending money out of the country which hurts the country compared to the others. this country needs to get back to manufacturing and not importing so much or else the money will continue to leave here. and when stocks go down someone is making money because someone is selling at a gain, but if its a foreign investor that gain goes over there. if its a rich guy here, and they invest in foreign stuff, same thing. the average investor (who typically invests US only, except for their retirement plan if its managed and invests overseas automatically) is getting killed. its really a mess and its going to get worse before it gets better...things have kind of bottomed out for now but if people are defaulting on mortgages - 30 year mortgages - dont you think more will default the longer that things dont improve? Link to comment Share on other sites More sharing options...
KeystoneRegional Posted January 6, 2009 Share #9 Posted January 6, 2009 Please, watch the Nazi Banksters Crimes Ripple Effect at http://jforjustice.co.uk/banksters Link to comment Share on other sites More sharing options...
7LineFan Posted January 6, 2009 Share #10 Posted January 6, 2009 I believe the Internet should be shut down fully from 12:01 AM to 5:01 AM all times to prevent people from going online and wasting time overnight... I personally end up chatting with someone online and is towed til' around 3:00AM... ... That, unfortunately, is your problem. The Internet is a worldwide thing. You can't just shut it down for a few hours. Link to comment Share on other sites More sharing options...
SubwayGuy Posted January 7, 2009 Share #11 Posted January 7, 2009 That, unfortunately, is your problem. The Internet is a worldwide thing. You can't just shut it down for a few hours. sure you can...just shut off the hi voltage breakers, slipper the shoes, and open the main knife switch (maybe transit employees will get that one)... or pull the plug... (still kidding) haha, with time zone differences it's impossible anyway. the US just needs to get back to manufacturing things and good old fashioned BLUE COLLAR HARD WORK! the one thing crippling the economy is people who refuse to roll up their sleeves saying "im too good for that", acting with a sense of entitlement and demanding a white collar job, then when there aren't enough white collar jobs, some suit somewhere finds a way to create more! the more weight you have at the top and the less weight at the bottom the more top heavy something is and the more top heavy it is the more likely it is to fall... Link to comment Share on other sites More sharing options...
MTR Admiralty Posted January 7, 2009 Share #12 Posted January 7, 2009 Lets wait and see... It is not if the President is able to save us but it is because if we are going to un-unite and collapse... Obama is just controlling the country, he doesn't make laws by himself and he cannot command Americans to do what he wants... I agree but refer to my comment to Julio... You bet, ! It started out with China before the 1800's... Then on to Britain in 1800 to WWII, then on to US from WWII to 2010-2012 and China is emerging because it's governing and things are all more advanced then the US... Out medical system is total crap! It isn't about perfectness, it is about Americans not doing well and getting into a bad state, I believe the Internet should be shut down fully from 12:01 AM to 5:01 AM all times to prevent people from going online and wasting time overnight... I personally end up chatting with someone online and is towed til' around 3:00AM... ... I totally agree, we should unite too and talk to each other like normal people and no panic on disagreements... Well, yup good point... Obama came in a tough time and he isn't going to solve the problem in Just one year... It takes up to a decade if things cannot get better! If you think our medical system here is crap... think of Mainland China's... not much better, maybe even worse. There, they have to pay everything. At least here, those who could benefit from medical programmes could get something out of them, maybe a deducted costs nowadays. As I heard from many sources, in Mainland China, if you are hospitalised and you can't afford the medical care, they kick you out of the hospital. If you are terminally ill (say diagnosed with terminal stage cancer and you are recovering from chemo say), they pull the needle if you can't pay up. Dude, you can't shutdown the Internet. You can't go to every ISP and say... "STOP GIVING THEM SERVICE FOR A FEW HOURS" If Internet time is messing with your productivity, then ABSTAIN FROM THE NET. You can't change everyone's habit. It's like telling the whole world not to smoke, you think it's easy to accomplish? It is idealistic. It is a great idea, however, it is too idealistic and will probably not reach into fruition. Link to comment Share on other sites More sharing options...
7LineFan Posted January 7, 2009 Share #13 Posted January 7, 2009 Dude, you can't shutdown the Internet. You can't go to every ISP and say... "STOP GIVING THEM SERVICE FOR A FEW HOURS" If Internet time is messing with your productivity, then ABSTAIN FROM THE NET. You can't change everyone's habit. It's like telling the whole world not to smoke, you think it's easy to accomplish? It is idealistic. It is a great idea, however, it is too idealistic and will probably not reach into fruition. Following up on this... AWWang, how about disconnecting your own internet service? Link to comment Share on other sites More sharing options...
SubwayGuy Posted January 7, 2009 Share #14 Posted January 7, 2009 a hedge fund explained, sort of... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.