Don't Be Fooled, We're In A Depression

From The RampartsJunious Ricardo StantonDon’t be Fooled We’re In A Depression “Ok, so where is the US economy REALLY at right now? Year over year real employment, real industrial orders, real housing starts, and real retail sales are all posting their largest drops since the production shutdown following WWII. Put another way, the last time the US economy fell this hard this fast, we were intentionally shutting down the monster than was the US war machine in WWII. This is no recession. We are already on our way to a Depression (a GDP contraction of 10%) possibly even another Great Depression. One in nine Americans are currently receiving food stamps. Real unemployment (without birth/death seasonal nonsense and all the other Federal gimmicks) stands at 20%. So I don't buy the "green shoots" theory at all. Having things get horrendous at a slightly slower rate is NOT a sign of a recovery. Green shoots can pop up anywhere including the asphalt in the parking lot outside my office. That doesn't mean the parking lot is about to become a lush meadow.” The Coming Economic Collapse Graham Summers June 12, 2009 www.gold-eagle.com/editorials_08/summers061209.htmlOne of my concerns about the candidacy of Barack Obama was that if he won the election, he could become the twenty-first century version of Herbert Hoover. For those of you not familiar with US history, Herbert Hoover was president when the US stock market crashed in 1929. He was in office when the Great Depression began shortly after the collapse of ‘29. It wasn’t until Franklin Delano Roosevelt came into office with a Democratic Party victory that gave the Democrats control of the US Congress in 1932 and the US entered WWII in 1941 that the Depression was finally put in check. During Roosevelt’s early terms as president ( he won four elections but died in office) the real cause of the depression: the banks not lending money and the Federal Reserve Bank withholding credit, continued unabated. Despite Roosevelt’s early efforts, conditions didn’t really improve that much until the US entered WWII.Just like during the 30's depression, today’s bankers are gobbling up people’s farms, businesses and homes as people are increasingly unable to pay their bills. But unlike during the 30's depression when President Roosevelt put a stop to the seizure of people’s homes, farms and businesses, we have no champion to look out for the little man to stop the foreclosures on our property. That’s why the bankers hated Roosevelt and organized a home grown fascist coup against him. For more details about this suppressed event in US history go to http://members.tripod.com/~american_almanac/morgan4.htm Alas for us, Barack Obama doesn’t have to worry about any coup attempts by the bankers and ruling elites like Roosevelt because he’s owned by the bankers and financial elites lock stock and barrel. All the recent moves to supposedly save the economy have really been initiated to prop up Wall Street and the shadow financial system.It wasn’t until the US geared up for entry into another major European war that the economy began to turn around. The economic turnaround did not happen because of a flash of enlightened fiscal policy or increased productivity. It came about because the international bankers lent the US government money to enter the war and the US government spent money it did not have to retool for war. The international bankers (who funded both Hitler and the US) didn’t do this out of the goodness of their hearts (they are heartless psychopaths) or because they favored “freedom” and “democracy” over fascism or totalitarianism. They did it for more depraved reasons, the obscene profits from the compound interest they’d earn on the loans they made. They’ve been doing this for centuries, fomenting wars and funding both sides. It costs money to wage war. So the bankers instead of lending money for peaceful purposes used their usury system to create WMD, widows and orphans.The international bankers, defense contractors and their flunkies in government get richer during times of war. To get rich, unscrupulous corporations, career military men and corrupt politicians create a need for weapons and a perpetual warfare state by inventing various and sundry enemies, creating circumstances and an environment where weapons are prioritized at the expense of peaceful programs and projects. This is why when he was leaving office US President Dwight D Eisenhower warned against the expanding influence of the military industrial complex. Too bad no one really listened to him or understood the implications of what he was saying.The same conditions of manipulation, collusion, graft and corruption that led to the ‘29 Stock Market crash and the great depression also created the current depression, and make no mistake we are in a depression. “ Success for the capitalists is not measured in terms of whether workers are losing their homes, their jobs, their lives (in war-profiteering wars), or their Constitutional liberties; success is determined by whether their system--however rotten--continues to allow for windfall profits to oil companies, war materiel corporations, and all the other cabal business interest. Capitalists have added a new fascist twist to contemporary capitalism: profits are private, losses are public. They'll continue to dole out worker-taxpayer money to failed financial institutions for as long as possible, rather than admit that the whole capitalist superstructure has collapsed. If capitalism's breakdown becomes so overwhelming that they can no longer print enough money to save all the upcoming financial institution failures, they'll orchestrate a general collapse in which they can then buy failed businesses for pennies on the dollar and force workers into deeper destitution.” http://www.hermes-press.com/collapse.htmThe real economic news is not good, unemployment is rising steadily despite the media and government’s glee we only lost a half million jobs last month !? Credit is frozen so businesses, farmers and entrepreneurs can’t get money or lines of credit to start, survive or expand. This is not a recession; the real economy the one that makes stuff, (as opposed to the financial sector which doesn’t and is being propped up by our tax dollars), is in free fall. “Who is suffering the biggest and most pervasive losses? U.S. households and nonprofit organizations. The losses have been across the board — in real estate, stocks, mutual funds, family businesses, life insurance policies, and pension funds. In U.S. households alone, the losses have been massive: $1.39 trillion in the third and fourth quarters of 2007 … a gigantic $10.89 trillion in 2008 … $1.33 trillion in the first quarter of 2009 … $13.87 trillion in all, by far the worst of all time. And these losses have equally massive consequences for 2009 and 2010:Deep cutbacks in consumer spending ahead, plus a virtual disappearance of conspicuous consumption. More massive sales declines at most of America’s giant manufacturers, retail firms, transportation companies, restaurants, and more, plus Big losses replacing profits at most U.S. corporations!” New, Hard Evidence of Continuing Debt Collapse! by Martin D. Weiss, Ph.D. www.moneyandmarkets.com/new-hard-evidence-of-continuing-debt-collapseThe Obama administration’s rosy fairytale about “green shoots” and signs of recovery are delusional at best. For an accurate picture of the economy read New, Hard Evidence of Continuing Debt Collapse! by Martin D. Weiss, Ph.D. in Money and Markets www.moneyandmarkets.com/ It’s a sobering look at what is really going on. But you don’t even have to do that, just ask your neighbors how they are doing? How many of your family members are scuffling, how many are working two or three jobs just to keep their heads above water? How many have lost their jobs in the last few months? How many can’t find work? Does this sound like a recovery to you? Are you experiencing good times personally? We know the government lies about the unemployment figures and the deficits, why should we believe them about the economy? Obama is a liar, get over it. To see one worst case scenario read The American Empire Is Bankrupt By Chris Hedges on http://informationclearinghouse.info/article22836.htm We are seeing some of these things playing out now. Don’t believe the hype we are in the throes of a real depression and it will worsen before it gets better.-30-
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  • During the Depression they called the shanty towns Hoover-Ville . This is a national phenomenon in 2009. There are tent cities all around the country, people are "living" under bridges in parking lots etc. Now they call them Obamatowns.
    Stay strong. In addition to dry goods find some land to plant a garden and share your crops with your neighbors.
    JRS
  • Greetings Brother, no disrespect intended, but you better tell your family to start stocking up on beans, rice and candles.


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  • JA you are correct, Marcus Mosiah Garvey was a great man. He dared to envision and exhort our people to actualize their fullest personal and collective potential. Many believed him all around the world in spite of the oppression they faced. What made Garvey great was his accomplishments and his organizing skills not merely his rhetoric. It is obvious you are on your way to "greatness". Remember when all is said and done, what is done counts more than what was said.
    JRS
  • Europe
    "There is no doubt that there are some folks that will "overcome" any oppressive system. However, we have to be concerned about the masses of our folks that do not overcome the system, The majority of these folks are just trying to live from day to day on a little above the minimum wage." AUDREY

    I am very glad that I was not esposed to this type of "well said" philosohpy! I believe that each human has enormous potential to overcome any and every challenge they face. I do not believe in teadhing people that they are poor and should stay on minimum wage! This philosophy is common with persons who I think psychologiclly do not want the masses to erupt into their immense potential. ALL HUMANS HAVE DYNAMITE POTENTIAL and this is waht they should be taught; not to accept their minimum wage "well said" teachings!

    " in any society the majority of the folks will be ordinary working people that are trying to live from day to day. In a just society we would not have to see such struggle and oppression among our people." Audrey

    You must surely hate Marcus Garvey. I do believe he was hated because he tried to show and teach the people that they were powerful and potentially game breakers. I know that any one who attempts to cause the ordinary persons to erupt to their potential is always persecuted....Jesus, Martin, Marcus and me right here! But no one will stop me..I am going all the way! Rise up ordinary folks and discard the negativity; rise up to your potential of power and might.
  • Well said.
    JRS
  • NYMetro
    World beaters and champions are exceptions to the rules that govern the status quo. There is no doubt that there are some folks that will "overcome" any oppressive system. However, we have to be concerned about the masses of our folks that do not overcome the system, The majority of these folks are just trying to live from day to day on a little above the minimum wage.

    They are not famous; they are just trying to survive. We must not be fooled by the fact that there are those among us that have "made it." However everyone cannot and will not be Oprah or Bill Cosby or Venus & Serena or Obama for that matter. This is not to lessen what these people have accomplished but it is to say that in any society the majority of the folks will be ordinary working people that are trying to live from day to day. In a just society we would not have to see such struggle and oppression among our people.
  • Life is about making choices and obviously you have made yours. So network with whomever you choose. Hopefully you and your network will have developed a plan to feed yourselves if and when massive food shortages come. Perhaps your network will create an economic model or system to help you make it during the rough times ahead.
    Awareness and consciousness help us asses our situation. We can then adjust to or transcend our circumstances according to our self-concept, values, gifts and talents. As conscious Africans we don't have to acquiesce to the present socio-economic and political "reality". The Maroons refused to accept European servitude and bondage. They ran away and formed their own communities based on shared African values and culture. They often fought their would be oppressors. They resisted the intentions and status quo of bondage and psychological debasement.
    So can we. We too can take action. The primary form of action we need to employ for starters is mental action. Thinking and using our imaginations is mental action. Dreams, meditation and trance are passive forms of mental action. They too are powerful. Energy and action follow thought. If one's thoughts are clear one's plans and actions will be also.
    My goal is to show people this system is thoroughly corrupt and in a state of collapse. I'm trying to encourage them to envision a better reality. But in the meantime we need to plan to transcend in basic ways this depression that is upon us. If you choose not to, that's on you.
    JRS

    JRS
  • Europe
    The status quo?? ' World beaters and chcampion rarely become so by accepting the status quo. Let us go there. Serena and Venus did not have expensive, expert tutors nor the best facilities ( THERE CONDITYIONS WERE DEPRESSSIONARY) If Richard williams had read Brother Junious's piece he would have said "THE REALITIES CANNOT BE OVERCOME. LET ME ACCEPT THE RECESSION,"

    Do you want a list of persons who became famous because THEY REFUSED TO ACCEPT THE FACTS OF THEIR CIRCUMSTANCES BUT WILLED AND OVERCAME THEM?

    Listen to Jumius if you want. If I had heard and listenned to him thirty years ago, I would be under some mango tree today complainintg about "HOW HARD AND DIFFICULT IT IS AND HOW MY CIRCUMSTANCES ARE THE REALITY!"

    Champions rise above facts and even reality. Those are the persons who I want to network with. Not those who complain and grumble about how hard circumstances are!
    W
  • South
    Keep up the intelligent, insightful and clearheaded comments, Brother Junious. I don't get to comment as often as I would like, but I always welcome facts as opposed to reactionary kookiness. Love it!
  • Thank you for your kind words Audrey. The fact is, far too many of our people either don't want to know what is going on or they pretend not to know because to be conscious and aware means you have to take action; and they are afraid. They think not challenging the status-quo will save them and keep them safe and comfortable. Not so, think Nazi Germany, think South African Apartheid or AmeriKKKa's true history with regards to how they treated us. Inaction kept those vile systems going until a critical mass of higher consciousness was generated to alter them.
    The current depression is a actually redo of the 1907 and 1930 depressions caused by the exact same people, the international bankers and their agents. No amount of positive thinking or visualization will alter that history. We have to use these metaphysical techniques to actualize our personal and collective potentials so we make a major impact on the world and create the kind of reality we desire, one based upon righteousness and sanity as opposed to a predatory and insane value system. AmeriKKKa's fiscal bankruptcy is an outgrowth of and mirrors its moral and spiritual emptiness, this is a metaphysical truth. Stay strong!
    JRS
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