https://canadianpreppersnetwork.com/community/global-currency-crises/ The New Canadian Preppers Network Discussion Board en-US Fri, 19 Jun 2026 16:50:49 +0000 wpForo 60 https://canadianpreppersnetwork.com/community/global-currency-crises/european-drama/ Sat, 09 Jul 2016 08:58:41 +0000 I am watching the news of the week and i am curious about this new bank fight Italy against Germany.What is your opinion about that?
Also about the nato situation against russia.Why UK send army in estonia and nato wants to build a military defense system in russia boarders?We must be on alert?]]> Global Currency Crises Esteldin https://canadianpreppersnetwork.com/community/global-currency-crises/european-drama/ https://canadianpreppersnetwork.com/community/global-currency-crises/why-is-space-weather-such-a-threat/ Thu, 30 Jul 2015 18:33:25 +0000 Global Currency Crises tradesman https://canadianpreppersnetwork.com/community/global-currency-crises/why-is-space-weather-such-a-threat/ https://canadianpreppersnetwork.com/community/global-currency-crises/greek-drama/ Sat, 31 Jan 2015 23:18:05 +0000
They have until the 28th to figure out how to pay their bills while turning down further ECB help.

Thoughts?]]> Global Currency Crises The Island Retreat https://canadianpreppersnetwork.com/community/global-currency-crises/greek-drama/ https://canadianpreppersnetwork.com/community/global-currency-crises/pension-insurance/ Tue, 06 Jan 2015 01:16:36 +0000
In the last few days of the 113th Congress, lawmakers snuck a rule into the 2015 federal budget that endangers retiring Americans by eliminating the government’s legal obligation to insure pensions in the event the funds cannot pay retirees.

University of Missouri, Kansas City economist Michael Hudson explained the change on “The Hudson Report” at The Real News Network on Jan. 5.

In drafting the budget, he explains, the U.S. Congress declared as illegal a 1974 law that had been enacted to protect employee pensions. Now, if pension funds can’t raise enough money to pay their retirees, the funds cannot go to the Pension Benefit Guaranty Corporation—a government insurance program—to make up the difference. The retirees will simply receive less money.

Specifically, Hudson says, “We’ve abolished the government guarantee on pension funds if the pension fund is run by a labor union,” meaning that it has “more than one employer contributing to it, like airline funds, truckers funds. … We’re going to give the fund managers, mainly the financial managers on Wall Street, the right to cut back on these pensions that are due.” Employees were promised this money during wage contract negotiations—and they often accepted smaller salaries because they understood their pensions would give them greater security in retirement.

The change is not solely the Republicans’ doing, Hudson adds. “Democrats led this fight against labor a year ago.” But that fact is obscured to anyone who looks at the congressional record because lawmakers agreed they would not reveal who voted for or against amendments of its kind, he said.

As to why Congress sapped pensions, the change makes a greater portion of the federal budget available to support the government’s costly military activities and to bail out the banks in the event of another 2008-style financial collapse. (Greater bailout power was also granted in the budget, which overturned a key part of the financial reform passed in 2010.)

But pension funds were degraded even before the new budget threw the 1974 law out, Hudson notes. The funds were “set up in a way that they were guaranteed to lose”: Banks told the companies they could escape paying for the pensions if the companies allowed the banks to invest the money in the stock market. The banks promised returns of up to 8.5 percent a year. But that turned out not to be true, Hudson says. “They’re making—if they want to be safe… less than 1 percent a year.”

“So what they’ve done is they’ve gotten sort of desperate. … A lot of pension funds have gone to hedge funds and Wall Street. They’ve gone to Wall Street money managers and said, look, can you—we’re desperate, we’re going to have to go under; can you help us make more money? Well, the Wall Street sharpies think, well, OK, sure, we’re going to put your money in derivatives and other things. And the banks that have been managing these funds, like Goldman Sachs and Northern Trust, have actually done very badly.”

And the government and financial industry have tried to pin the trouble on the poor. “The whole idea,” Hudson says, is that “a few years ago there were, like, four workers for every retiree, so it was easy for the workers to pay into the funds and organize it … there was enough to pay. But now that the economy’s been de-industrialized, there are more retirees for every worker. So the Obama administration is saying, well, the problem is that there are just not enough workers to pay. Sorry, they lose.

“But the Congressional Budget Office has found that that’s really not much of the problem at all. A lot of the problem is that” the Wall Street people who were entrusted with the pensions “are just as crooked as the mafia”—which often managed pensions before Wall Street. The financial firms pocket the profits and shove the losses onto their clients. “That’s pretty much what Wall Street’s been doing with the pension funds,” Hudson says. “They keep the gains for themselves and pay themselves bonuses and high salaries, and the losses are all stuck to Orange County or Detroit or Birmingham, Alabama, or other public funds.

“There have been a number of lawsuits where Wall Street’s had to give back the money,” he adds. “And they’ve all been accused of fraud.” But the banks are allowed to continue operating because, as the government said in 2008, they are “too big to fail.” So now “Wall Street has realized that there is nothing to stop them.”

Hudson, who worked on Wall Street and thus has insight into how financial executives think, says this degradation of retiree funds is part of a plan to privatize pensions and Social Security. The strategy is to eliminate the government’s ability to protect retirees’ savings and force them into the arms of private banks.

“The argument’s going to be made to American workers, well, wait a minute, you’ve seen your pension funds aren’t able to pay, you’ve see them lose money on derivatives. There’s only one way to be safe: take responsibility for yourself, and you manage your own money in the 401(k)s and the other personal programs. … And by making your own choice, what this really means is the individual employees are going to have to turn over their funds to the same Wall Street companies—Goldman Sachs and Northern Trust—that have … mismanaged the corporate pension funds and the union pension funds.

“And so the whole idea is that all of a sudden, now that employment is not growing, now that wages are not growing, instead of making profits by underpaying labor, Wall Street’s going to make profits just by siphoning off all of the savings that have been put aside in advance to pay the pensions. The argument will be, I’m sorry, folks, there’s not enough to pay the pensions, or the Wall Street calculators who made these forecasts made a terrible mistake. Unfortunately for you, under the law that Congress has just rewritten, not only do they get paid before you, but we’ve just canceled the government’s responsibility to insure you. We’ve taken away your insurance.”

Hudson’s main points were confirmed on C-SPAN in December by Karen Friedman, executive vice president and policy director of the Pension Rights Center:]]> Global Currency Crises peppercorn https://canadianpreppersnetwork.com/community/global-currency-crises/pension-insurance/ https://canadianpreppersnetwork.com/community/global-currency-crises/tar-sands-industry-faces-existential-246-billion-loss/ Wed, 03 Dec 2014 09:55:22 +0000
I came across these two links on Facebook. Now, I can clearly see that this information is one sided, but if there is any truth to it, it is pretty scary.
I am looking for the other side of the story as well as an unbiased one.. if one exists, after all, we all have interests in oil like it or not.

http://www.theecologist.org/News/news_round_up/2650530/tar_sands_industry_faces_existential_246_billion_loss.html
http://www.carbontracker.org/report/oilsands/

So, what's your take?

P.]]> Global Currency Crises Plain Jane https://canadianpreppersnetwork.com/community/global-currency-crises/tar-sands-industry-faces-existential-246-billion-loss/ https://canadianpreppersnetwork.com/community/global-currency-crises/social-decline/ Sun, 30 Nov 2014 14:28:19 +0000
The Need for Greed!

Black Friday https://www.youtube.com/watch?v=-xL8rE9DT4g

So why do they hype things today in such a way? The store gets their sales, no matter the aspect of advertising. The customers only buy that which is included in the door crasher specials, so why all the hype and allow folks to incur injury? Does this not even lead to lawsuits?

But it shows man's potential for violence and it then makes all of us then switch to devcon orange from yellow as we imagine measures that need to be taken to avoid those we see going crazy over just a sale! Is this what it is like to live in a fascicst society? We no longer trust our government to protect us and we no longer trust our neighbor to help us.

How'd We Get Here?

Did we think like this 10 years ago? How about 2 years ago? So when did this all start? Surely some of us started noticing things after 9/11 but we in Canada likely didn't start really sitting up and paying attention until the crash of 2008. But now ignore the big signs of social decline and lets look at the little things that influenced us gradually.

Try to reflect on TV shows that you watched in your younger years. I don't partake in this ritual but I still have an Outsider's view on this subject to somewhat draw from. I remember the wife watching Friends on TV and thinking they were a bunch of anal people with anal issues to gossip about, (obviously a biased opinion :?) but the show was harmless to most viewers in the aspect that it might make some more anal than they already are...
I am no good at thinking of an equivalent to compare to as I don't have the background to give a proper comparison other than thinking of your Zombie shows that many now watch. This definitely seems to be a preferred subject matter for preppers and I don't know if such shows enhance your need to prep but suspect it likely does to some degree.... but I'm betting that you know!


I selected the above subject on TV shows as is obviously one that I know little about , but it is only one of many such aspects influencing us today. I wish to hear what others perceive as a threat to society today. I see that educational shows have their place still but I still would watch closely these days even to their content too if my kids were watching them today.

I'm betting that everyone has an opinion regarding this subject of social decline and what might be the major causes behind it and I hope you'll share your reasoning of this here.]]> Global Currency Crises Anonymous https://canadianpreppersnetwork.com/community/global-currency-crises/social-decline/ https://canadianpreppersnetwork.com/community/global-currency-crises/threats-to-the-value-of-the-us/ Sun, 20 Jul 2014 13:12:49 +0000 https://www.youtube.com/watch?v=uW1zQOKDJns

They predict that it may take up to 2 years to start lending but is it the start to something that has been predicted for some time.]]> Global Currency Crises Anonymous https://canadianpreppersnetwork.com/community/global-currency-crises/threats-to-the-value-of-the-us/ https://canadianpreppersnetwork.com/community/global-currency-crises/those-who-do-not-learn-from-history/ Wed, 09 Jul 2014 08:46:56 +0000
Modern preppers, indeed even those in religious circles and in the mainstream, has always thought that modern civilization cannot go on as always. One only has to Google "worlds population" and see grafts indicating the exponential growth of humanity's population. Warning signs are flashing in various ways, such as one sees regarding declining fish stocks and other abuses. Though "survivalism" has been around since the 70's, society is still here and functioning for the most part. So it all comes down to a matter of when. How long can the U.S. go on printing it's own money out of thin air? That's the question in today's climate. The U.S. dollar is based on nothing and that government, along with ALL western governments and their attending state and provincial level of governance have sunk into deep debt. All it would take is a severe enough shock to the system to tumble this house of cards. It could be a pole shift, the Hopi indians "gourd of ashes", the Yellowstone super volcano coming back to life, etc. Or it could just be plain old human stupidity, and we all know that factor has unlimited potential.

Whether one leans into the Biblical or the more practical doomsday trigger of a collapse, what I'm about to put to you is a practical observation in realizing the advent of the "antichrist". A figure we've not seen yet, yet is extremely possible in practical terms when one considers history.

First off, what happened to France when, after years of warring with Britain and excessive spending by their elite? An economic crash that resulted in starvation of the populace, which in turn started the French revolution. The French Revolution resulted in bringing to power Napoleon, a military strongman who got the job done, and got results. But in the end, was too narrowly focused to support a national government, never mind an empire.

Secondly, we have Germany's Weimar Republic. That grew out of the collapse of the Central Powers, which included Austria and Hungary. These countries financed their side of the First World war with debt. I'd like you to try reading, "When Money Dies", for you to see how that turned out. Sufficed to say, money in those countries were as good as toilet paper. Out of these tribulations Hitler arose.

Now we come to today. If you were to recite Biblical Prophecy, you'll find that the U.S., or any mention of a western power from overseas is not mentioned. Mind you, when the Bible was written back in the Bronze Age, that can be a point of contention. I mean, back then, who knew? None the less, those involved in Armageddon are all Eurasian powers. We could presume that the U.S. will never be present in that scenario. Now just think of it for a second. What is the only nation seemingly preventing those nations with thug like mentalities from marching all over the world? The U.S., though I'm not saying the U.S., is exactly the white hat wearing type either. The fact is, the U.S., is currently serving as the counterbalance to Russia and China et al. Keep that in mind.

What's been happening in the Eurozone? Their governments have been getting into deep debt. And what happened when a proud nation like Greece needed to face mathematical certainty in securing loans? Their people rioted. Let's transpose that situation onto the U.S. state of mind, shall we? Between the people on the left needing food stamps and Welfare to get by, and the TEA Party on the right refusing to let taxes rise, we have a federal government in deep do-do. I see no way out for them, and their politicians are too embedded in their respective party affiliations to think drastically enough to stop the financial hemorrhage. Could be the U.S. just financially collapse. Think Greece, now, think Greece with guns, lots and lots of guns, rifles, semi-automatics, etc. That will be the people of the U.S. rioting. Oh happy-happy-joy-joy :twisted:

So we can dismiss the U.S from the international stage at this juncture. Remember 2008? The sub-prime mortgage fiasco? Think the sick finances of the Eurozone can escape a collapse of the U.S.? The U.S. banking system caught a bad cold the several Euro banks caught pneumonia. This example is to serve how inter-related international banking is. The U.S. goes down taking Europe with them. The U.S., becomes a black hole one way or another, and Europe is left to pick up the pieces.

Enter the "AntiChrist".

Hopefully I'll have a nice little "off the grid" place by then. But on an income of a security guard, I may need a kickstarter campaign to get that far. At least I can afford buying the freeze dried food for now.]]> Global Currency Crises Ragnarocker https://canadianpreppersnetwork.com/community/global-currency-crises/those-who-do-not-learn-from-history/ https://canadianpreppersnetwork.com/community/global-currency-crises/canadas-economy-vs-them-others/ Mon, 21 Apr 2014 11:03:32 +0000
http://www.youtube.com/watch?v=wHZqXmTvojE]]> Global Currency Crises Anonymous https://canadianpreppersnetwork.com/community/global-currency-crises/canadas-economy-vs-them-others/ https://canadianpreppersnetwork.com/community/global-currency-crises/european-economic-collapse/ Mon, 17 Jun 2013 14:19:11 +0000 http://moneyweek.com/endofbritain/]]> Global Currency Crises Anonymous https://canadianpreppersnetwork.com/community/global-currency-crises/european-economic-collapse/