China Warns US Economy On Brink Of Collapse - There are 2 sisters who are economists who have taken their business off shore who have been warning the public of an economic collapse of this nature for some time now. There is also a guy who wears a bowtie who used to be on CNBC quite a bit who

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China Warns US Economy On Brink Of Collapse Over Massive Dollar Outflow

By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo)

China’s State Administration of Foreign Exchange (SAFE) is warning today that an ‘unprecedented’ inflow of money from Western Nations has increased their foreign reserves to nearly $1.8 trillion, of which billions cannot be explained.

This news comes at the same time that reports in the United States are stating:

“United Nations sources report that there has been a sudden rush in requests for foreign exchange wire transfer requests from New York City banks. The sudden demand for transferring funds abroad has resulted in a 24 to 48-hour processing delay due to the sheer volume of requests.

Foreign employees at the United Nations are transferring their money from accounts at the United Nations Federal Credit Union (UNFCU) and other New York City banks, both domestic and foreign-owned, and the move has been sudden.

There has been no explanation for the sudden wire transfer activity, although the rumor mill suggests fears of a sudden economic collapse and/or a U.S. and Israeli military attack on Iran, which could touch off a wider regional conflict.”

So alarmed have the Chinese become of the West’s rush to engulf the World in Total War that President Hu Jintao has accepted Japan’s invitation and will make a rare visit outside of his country to voice China’s concerns directly to the Western Leaders at their scheduled G-8 Summit.

As soaring oil prices continue to pummel the United States economy, and as the ‘drumbeats for war’ become deafening, the American public is being whipped into a war frenzy with a new warning being issued by one of their top Senators, Joseph Lieberman, that the US ‘will be attacked in 2009’, and by a top Pentagon official warning that ‘Israel is increasingly likely to attack Iranian nuclear facilities this year.’

Not being understood by the American people, however, and as Iran’s president Mahmoud Ahmadinejad had previously pointed out by stating “I feel that oil prices are going up artificially. There is a game going on behind it.”, our World is literally drowning in oil due to the machinations of the US War Leaders to artificially raise the price of this fuel to a level reflecting a total cutoff of Middle Eastern supplies.

Though the Commander of the US Navy’s Fifth Fleet, Vice-Admiral Kevin J. Cosgriff, has stated that they ‘won’t allow’ Iran to close down the Strait of Hormuz, the ferocity of an Iranian counterattack against the West would be devastating, and as we can read as reported by the Christian Science Monitor News Service:

“Iran's supreme religious leader Ayatollah Sayyed Ali Khamenei also warned of far-reaching revenge in 2006. "The Americans should know that if they assault Iran, their interests will be harmed anywhere in the world that is possible," he said. "The Iranian nation will respond to any blow with double the intensity."

Analysts say Iran has a number of tools to make good on those threats and take pride in taking on a more powerful enemy. "This is not something they are shying away from," says Alex Vatanka, a Middle East security analyst at Jane's Information Group in Washington.

"They say: 'Conventional warfare is not something we can win against the US, but we have other assets in the toolbox,' " says Mr. Vatanka, noting that the IRGC commander appointed last fall has been "marketed as this genius behind asymmetric warfare doctrine."

Any US-Iran conflict would push up oil prices, and though Iran could disrupt shipping lanes in the Persian Gulf, its weak economy depends on oil revenues.

But nearby US forces in Iraq, Afghanistan, and the Gulf provide a host of targets. Iran claimed last October that it could rain down 11,000 rockets upon "the enemy" within one minute of an attack and that rate "would continue."

Further afield, Israel is within range of Iran's Shahab-3 ballistic missiles, and Hezbollah claims its rockets – enhanced and resupplied by Iran since the 2006 war to an estimated 30,000 – can now hit anywhere in the Jewish state, including its nuclear plant at Dimona.

Closer to home, Iran has honed a swarming tactic, in which small and lightly armed speedboats come at far larger warships from different directions. A classified Pentagon war game in 2002 simulated just such an attack and in it the Navy lost 16 major warships, according to a report in The New York Times last January.”

But, not just to war and fuel worries are the Americans facing either, and as we can read:

“You. Will. Not. Be. Able. To. Get. Food. Need this be spelled out any more plainly? It is time to consider that the stage has been set for petroleum-induced famine.

We have "innocently" accommodated rising population with greater and greater food production via technology and the profit motive. But now we have run out of room to grow, as biotechnology, for example, has severe limitations -- major ones being petroleum dependence and topsoil loss. The biggest wild card for our existence is climate change, as we see with floods and other extreme weather affecting our food supply.

We are headed for massive shortages of food and other essentials, mainly brought about by the depletion of geological fossil reserves of cheap energy and water. The situation is demonstrated regularly with easy arithmetic based on statistical indicators from the United Nations, Worldwatch Institute, World Resources Institute, Earth Policy Institute, and numerous governments. Usually the full force of the message is offset by predictions of huge rises in future human population growth that are simple extrapolations of historical trends.

No one can say with certainty that the worst effects of today's crisis will occur tomorrow or by any particular date. But it is irrational to assume there will only be gradual tightening of supplies until some solutions miraculously come to our aid. One ought to at least admit that one year ago few people thought we'd be going in the direction we're going in, this fast, today.

Three days is our average food supply around the modernized world, i.e., for cities and their supermarkets. Long-term food stocks have plummeted: "Cereal stocks that are at their lowest level in 30 years," according to Worldwatch institute in its most recent Vital Signs. This is exacerbated by increasingly weirder weather, compounded by the oil price/supply pressure on food. What can interfere with the three-day situation are truckers on strike (as in Europe), extended/repeated power outages, and the inability of the work force to commute to work.”

Though more Americans are listening to our warnings there doesn’t exist evidence, yet, that they are preparing for the catastrophes lying in wait for them. It is as if they have forgotten the most basic lessons of everything their ancestors once taught them, the first being that all else comes second to storing food in times of crisis.

© July 1, 2008 EU and US all rights reserved.

Posted: Fri Jul 04, 2008 6:43 am

There are 2 sisters who are economists who have taken their business off shore who have been warning the public of an economic collapse of this nature for some time now.

There is also a guy who wears a bowtie who used to be on CNBC quite a bit who moved offshore about 2 years ago who has said that the USA is on a rapid path to economic destruction. This guy I mention has been one of Wall Street's most accurate predictors for several years and has been noted to be one of the very best investment advisors in history.

There is also a guy who lives in the midwest who maintains a very popular website who has put out some dire warnings for the past few years but often gets laughed at. He has been somewhat premature in his forecasts but it now looks like he is right on the money. He said in one of his most recent newsletters to get out of the bigger cities here in America because they will all turn into literal "HELL HOLES" with urban gangs taking complete control. I think now would be a good time to heed his advice.

I could give you names to the aforementioned people but at this time I feel that names aren't even important. The important thing is for you and your family and/or loved ones to be prepared. In the next few days I will compile a list of preparedness websites and a list of some books that will be of help.

I had 3 elderly relatives that are all deceased now who had warned me of this upcoming economic trainwreck as early as the mid nineties. But I fear it's also going to be a societal breakdown as well. Several people in the last year have called me and labeled me a "Conspiracy Theorist" ( whatever in the hell that is). It's simply because the truth isn't very popular anymore ( as if it ever was). I wish to GOD this all wasn't happening. But we are in a time of severe unrest. Do prepare yourselves folks because this upcoming economic trainwreck is going to test what all of us are made of. Seek out GOD while you still can because it won't be much longer when a Bible will be considered subversive literature. Obtain all of the knowledge you can about preparedness because it will be more valuable than jewels or precious metals when the time comes. Make no mistake folks because we are about to encounter literal HELL ON EARTH>>>

Some of you are probably saying that this is not the proper slot for this thread that Mickey has put forth. But I say he hit it right on the mark because make no mistake about it>> this is going to be true terrorism perpetrated on the American people by the Government themselves. Yes folks it is by design>>> GOD help us all