American Revolution Imminent?

[DJ Logic]

Gerald Celente sure thinks so.

http://www.liveleak.com/view?i=1ad_1226630673

Before you dismiss him we are talking about the man who predicted the 1987 stock market crash along with the fall of the Soviet Union.

Celente also published this list of account balances of the world's nations. Check out who is last on that list:

World Ranking - Current Acct Balance (in Millions of US$)

1 People's Republic of China (PRC) 179,100

2 Japan 174,400

3 Germany 134,800

4 Russia 105,300

5 Saudi Arabia 103,800

6 Norway 63,330

7 Switzerland 50,440

8 Netherlands 50,170

9 Kuwait 40,750

10 Singapore 35,580

11 Venezuela 31,820

12 Sweden 28,610

13 United Arab Emirates 26,890

14 Algeria 25,800

15 Hong Kong 20,900

16 Canada 20,560

17 Malaysia 17,860

18 Libya 14,500

19 Brazil 13,500

20 Iran 13,130

21 Nigeria 12,590

22 Qatar 12,510

23 Taiwan 9,700

24 Finland 8,749

25 Iraq 8,134

26 Angola 7,700

27 Oman 7,097

28 Belgium 6,925

29 Austria 5,913

30 Argentina 5,810

31 Chile 5,063

32 Denmark 4,941

33 Philippines 4,900

34 Luxembourg 4,630

35 Trinidad and Tobago 3,259

36 Azerbaijan 2,737

37 Egypt 2,697 - Why riots now? Oppressive regime, not money?

38 Korea, South 2,000

39 Bahrain 1,999

40 Gabon 1,807

41 Botswana 1,698

42 Yemen 1,690

43 Indonesia 1,636

44 Peru 1,515

45 Israel 1,643

46 Uzbekistan 1,410

47 Burma 1,247

48 Republic of the Congo 1,215

49 Vietnam 1,029

50 Ecuador 727

51 Bolivia 688

52 Papua New Guinea 661

53 Namibia 572

54 Ivory Coast 460

55 Cameroon 419

56 Morocco 389

57 Bangladesh 339

58 Turkmenistan 321.2

59 Equatorial Guinea 175

60 British Virgin Islands 134.3 (1999)

61 Kazakhstan 113

62 Cook Islands 26.67 (2005)

63 Palau 15.09 (2004)

64 Tuvalu 2.323 (1998)

(FROM HERE ON DOWN, THE AMOUNTS REFLECT A NEGATIVE BALANCE - MOSTLY IN VERY SMALL, UNDERDEVELOPED, HIGHLY EXPLOITED 3d WORLD COUNTRIES. WITH THE EXCEPTION OF ICELAND, ONE OF THE FIRST TO REVOLT AGAINST THE GLOBAL DEBT-IS-MONEY FIAT CURRENCY SYSTEM OF FRACTIONAL RESERVE LENDING INTO WHAT MAY BE UNIVERSAL BANKRUPTCY , THESE COUNTRIES SEEM TO HAVE ACCEPTED THAT FATE- ed.)

65 Samoa -2.428 (2004)

66 Tonga -4.321 (2005)

67 Comoros -17 (2005)

68 Kiribati -19.87 (2004)

69 Swaziland -23.13

70 São Tomé and Príncipe -24.4

71 Vanuatu -28.35 (2003)

72 Federated States of Micronesia-34.3 (2005)

73 Anguilla -42.87 (2003)

74 Cape Verde -44.43

75 The Gambia - 54.61

76 Burundi -57.84

77 Haiti -58..72

78 Tajikistan -73.95

79 Lesotho -75.44

80 Seychelles -78.59

81 Antigua and Barbuda -83.4 (2004)

82 Guyana - 84.3

83 Rwanda -104.1

84 Honduras -160

85 Zambia -165.4

86 Republic of Macedonia -167

87 Belize -173.4

88 Malawi -186

89 Ghana -219

90 Armenia -247.3

91 Togo -261.9

92 Zimbabwe - 264.6

93 Kyrgyzstan -287.3

94 Paraguay -300

95 Chad -324.1

96 Benin -342.7

97 Guinea -344

98 Cambodia -369

99 Mexico -400.1

100 Uganda -423

101 Eritrea -440.5

102 Mozambique -444.4

103 Fiji -465.8

104 Panama -467

105 Madagascar -504

106 Laos -404.2

107 Belarus -511.8

108 Syria -529

109 Moldova -561

110 Uruguay -600

111 Burkina Faso -604.6

112 Mauritius -651

113 Albania -679.9

114 Georgia -735

115 Tunisia -760

116 Slovenia -789.2

117 Nicaragua -883

118 Senegal -895.2

119 Thailand - 899.4

120 Tanzania -906

121 Malta -966.2

122 Jamaica -970

123 Cyprus -1,051

124 El Salvador -1,059

125 Sri Lanka -1,118

126 Kenya -1,119

127 Dominican Republic -1,124

128 Costa Rica -1,176

129 Cuba -1,218

130 Guatemala -1,533

131 Bosnia and Herzegovina -1,730

132 Estonia -1,919

133 Ukraine -1,933

134 Colombia -2,219

135 Serbia -2,451 (2005)

136 Latvia -2,538

137 Lithuania -2,572

138 Jordan -2,834

139 Croatia -2,892

140 Iceland -2,932

141 Ethiopia -3,384

142 Slovakia -3,781

143 Czech Republic -4,352

144 Sudan -4,510

145 Poland -4,548

146 Bulgaria -5,100

147 Lebanon -5,339

148 Pakistan -5,486

149 New Zealand -7,944

(FROM HERE ON DOWN - THE BOTTOM OF THE LIST - WITH THE EXCEPTIONS OF SOUTH AFRICA, PARTS OF AUSTRALIA AND THE UNITED STATES, THESE COUNTRIES ARE EXPERIENCING VIOLENT REVOLUTIONARY MONETARY-BASED REFORM - THE SOLE EXCEPTION, EGYPT, NUMBER 37 ON THE LIST WITH A POSITIVE ACCOUNT BALANCE OF $2 697 APPEARS TO BE POLITICALLY MOTIVATED - ED)

150 Hungary -8,392

151 Ireland -9,450

152 Romania -12,450

153 South Africa -12,690 (some debt may be found Odious - debt taken on by the apartheid govt.)

154 Portugal -16,750

155 Greece -21,370

156 Italy -23,730

157 Turkey -25,990

158 India -26,400

159 France -38,000

160 Australia -41,620

161 United Kingdom -57,680

162 Spain -98,600

163 United States -862,300 (America is not yet in an on-the-streets financial revolt partly because, in order to support America's huge import / export imbalance, the rest of the world lends it the money to continue buying - from the rest of the world - on credit, a situation impossible to sustain).

Not trying to fear-monger here. I honestly don't think a revolution would be the end of the world. But more and more people are pointing fingers at the elephant in the room most of us ignore, and that is the unsustainable failure we call our economic system.

What do you guys think?

 

[squirrels]

America has been in debt for a while to countries like China. Much like an over-leveraged yuppie family, they have the huge McMansion and a couple of SUVs...it's all bought on credit and they'll never pay down their debt, but they make their interest payments on-time and the creditors (China) are happy with that arrangement for now.

Most of the "first-world" countries at the bottom of that list are largely the result of a liberal "tax-and-spend" attitude toward businesses. There's a lot of "Robin-Hooding" that goes on with the governments of what call themselves "civilized" countries. To win votes, they cast the big corporations and even small businesses as evil money-mongers and try to tax them to redistribute the wealth to the impoverished (Why? To win votes of course!)

The businesses eventually close up shop and move out of the country, to a more business-friendly climate. With those companies go the jobs. Look at what the unions did to Detroit and the motor industry for an example of this.

America decided long ago that they were going to focus on providing services instead of physical goods...that's where a lot of the "GDP" comes from that pays the interest on her debts. It's more of a "service economy", providing consulting and other professional services...but as other countries learn to do those things for themselves, they have less and less need for foreign service entities. And even a lot of our service jobs are going overseas now.

A lot of America's "profit" was based on the financial industry, their investment gains, and when the financial markets took a hit (that whole mortgate instrument thing), a lot of that foundation was damaged too. America is slowly running out of things to offer the world...and the government is trying to take over more and more aspects of the country to keep it running and keep America useful, but their meddling does more harm than good.

Somehow, America (the US) manages to walk a very fine line financially, somehow continuing to make their debt payments on-time while trying to leech as much from its citizens and businesses as possible to pay for entitlement programs. Because they feel that "that's what civilized nations should do."

Sooner or later, though, America is going to need to re-invest in itself, tighten the belt, stop taxing everything, shut down some of these extraneous programs, and implement some austerity measures. Once the taxes are lowered, the businesses will return and America will "produce" again.

If they don't, the only way the government can survive and pay on its debt once the businesses are gone is start to tax the very people it is trying to support...and THEN there will be blood.

 

[5string]

I don't think it will be a revolution per se, but rather another steep decline in the US economy due to more and more taxes, a failing job market and continued uncontrolled Federal spending, all of which we are seeing right at this moment in time. It will get worse. He may be right.

There should be safety nets where needed, but I'm a firm believer that when most people are forced to do so, they become inventive, work harder and otherwise find a way to take care of themselves.

We don't need a Federal Government that thinks it's sole purpose is to be a babysitter to it's citizens. They need not to be so intrusive in our lives, economy and the world in general.

Interesting thread DJ Logic.

 

[Julius_Seizeher]

I think we're about to see the right kind of "revolution" in this country.

There has been a big move towards centrist cooperation and everybody seems to be rolling up their sleeves to get the job done.

We've got Obama talking about sweeping tax reform and other pro-business initiatives, which is certainly a welcome change. Did you see the State of the Union? Even John Boehner was genuinely surprised and enthusiastic for what Obama was saying, and Boehner is not exactly a live one.

For all the dubious rhetoric about America going down, here's some things to remember: We still have, BY FAR, the largest and most productive economy on the planet. China has made quite a name by building itself to barely 1/3 the size of our economy, and don't get me started on the survivability of what they have built in China. People like to say that China is where we were in the 1950s, they missed it by 100 years. China is in its wild wild west 1850s cowboys of capitalism days. They have built their economy solely on producing the cheapest junk in the greatest possible quantity, and by manipulating their currency and stealing technology from the West. These guys are not our friends, but I think we're gonna watch this New Dynasty implode upon itself. They have become adept at breaking the rules and finding diplomatic means to dance around it, but when we finally start playing hardball with China, they won't have a leg to stand on.

They are using stone-age tactics to regulate their economy, they don't have nearly the level of sophistication needed to run a sustainable economy in this day and age. I might be wrong, but my mind and my gut say that China is a BIG house of cards. We shall see.

And we don't have to worry about China dumping our treasuries, either. It really wouldn't hurt us that much, but it would negate the only (weak) leverage they have against us.

What we need in America is...

1. sweeping pro-business and pro-employment reform (taxes, regulation, tariffs, de-unionization, the whole 9 yards)

2. systemic infrastructure investment (transportation, energy, utility). Obama's proposed Infrastructure Investment Bank (selling Build America bonds to finance the investments) is actually a very sharp idea.

3. get rid of this fiat currency bs and get our country back on GOLD. As I am known to say, money not based on gold isn't money. From 1900-1971, the greatest expansionary period in American history, we had zero inflation under the Gold Standard. Of course, we had several "bank scares" during the gold years, but it was not the fault of the gold standard itself; we got it wrong. We messed up the details. Now that we know how to do the Gold Standard the right way, we need to get it done. Write your Congressman.

 

[mpimpin]

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