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Very good article that I just found on the net

The Financial Collapse -
What Will Happen Next?
By Bruce Porteous

Many are surprised at the speed of events occurring with the current global economic collapse. Yet few appear to be aware of what is still to follow as events unfold in the days that lie ahead. For some years I have been writing about this economic collapse, and now will explain the events that will unfold over the coming weeks.

The present crisis is not just an economic crisis ­ it is a political crisis also. What is unfolding now is a going to result in the end of the Anglo-Saxon dominance of the global economy, along with the collapse of their economies and military capacity. We are experiencing some of the most dramatic and historic events in the history of mankind. The political landscape of the world we live is being significantly changed.

Here is a brief summary of the events to unfold.

1. The Anglo-Saxon financial institutions will continue to haemorrhage as investors withdraw their funds and no longer refinance loans as they fall due. Many of the investors are foreigners who have lost confidence in investing in the Anglo-Saxon banking system.

2. The fall-out is impacting the European Union economies, resulting political and economic changes is how the way the EU is govern.

3. There will be a lack of confidence by the Asian countries in reinvesting in the Anglo-Saxon nations ­ the withdrawal of their capital will result in the collapse of the US dollar, British pound and other currencies depended on the carry trade, followed by national bankruptcy.

4. While Asia and European economies will survive and once-again prosper, the Anglo-Saxon nations will collapse into deep depression, poverty and social disintegration.

5. A new economic model will emerge, where the State replaces the private sector, exercising control over the population in how commercial activity is conducted.

Central banks over the last couple of weeks around the world have been increasing the money supply to prop up a collapsing banking system. In simple terms, this has meant creating money to advance to banks to ensure that they have funds to pay depositors and to provide additional funds to ensure banks will continue lending.

The recent $US700 billion bailout in the USA means that the banks will be repaid by the government for their bad loans, with the hope that they will continue loaning once again to debt-laden consumers to entice them to purchase more goods that they really don't need in an effort to stimulate consumer spending. Yet banks are having trouble to find credit-worthy customers to lend to, or do not have the funds to lend at all as depositors withdraw their savings.

The expansion of credit through the global banking system on the scale of the last few weeks has been a risky gamble yet has failed to restore confidence in the global equity markets, and which in turn is further weakening the banking system as depreciating assets destroy their balance sheets.

The Anglo-Saxon nations are depended on their foreign creditors rolling over their loans they have advanced through the international banking system or by purchasing Government Bonds. Their creditors have been seduced into lending to them through complex financial products and high interest rates. The English speaking world need the inflow of capital to be to finance their current account deficits and maintain domestic liquidity. Without the inflow of foreign capital their currencies risk collapsing, drying up liquidity and economic activity in their markets. Countries such as the UK, USA, Australia and New Zealand now face national bankruptcy. They will not be able to sustain economic activity to generate the foreign exchange to enable them to repay their enormous debts to their foreign creditors.

Many have compared the current crisis to that of the depression of the thirties. However there are some significant differences. The problems that prolonged the depression of the thirties were from a lack of liquidity in the markets. This time, Central Banks have flooded the markets with money to prop up the banking system and in a vain effort to stimulate economic growth. This is eventually going to be disastrousness. Printing money in a desperate effort to solve the current economic crisis will only make the situation worse. The market was already flooded with money on a market that lacked confidence and has declining productive output. The outcome will be a lack of confidence in fiat money and a flight to gold or currencies that are perceived as being safe.

At present the flow of money between banks has slowed because of a lack of confidence. Yet this is not the real problem. The current situation has been bought about as a result of continuing expanding the money supply in the Anglo-Saxon economies while maintaining large current account deficits. This has resulted in their banking systems are dependent on an inflow of capital from countries operating with current account surpluses, especially China and Japan. Printing money to finance payment of imports, dividends on investments and interest payments cannot be sustained indefinitely. The current crunch has come at a time when there has been a slow-down in the global economy, partly due to the collapse of an over-heated housing market in the West, making it more difficult for the indebted Anglo-Saxon nations to service their debts.

We are now seeing a dramatic shift of wealth from the Anglo-Saxon nations to Asia. Though the US dollar has recently appreciated against the Euro, this will only be for a short time as the world becomes flooded with unwanted dollars. The collapse of the US dollar and British pound will also drag down those currencies that have been supported by the carry trade that is dependent on the inflow of overseas capital to sustain their economic activity.

The current crisis will have enormous global politically recupssions. It will see the end of the ascendency of the western democracies. People will be willing to accept authoritarian forms of government out of economic necessity. Europe will experience the biggest political change. The current crisis has shown the inability of divided leadership in Europe to react to a crisis on the magnitude that has happened over the last couple of weeks. This crisis will bring together the EU nations under a single leader and political system.

The acceptance of a single EU leader with the power to take control of restoring prosperity to the European economies will result in the State taking a much greater role in how economies are managed. Already we are seeing Governments taking over failed banks, and legislation is rapidly being passed to give the State the authority to direct investment and control the banking system. Once this confidence is restored the Euro will quickly replace the US dollar as the international currency to finance globally trade. As currencies collapse, the Euro will be accepted as an alternative currency, so if will be widely accepted around the world as the money of choice. This will enable the EU to have great economic and political influence around the globe.

We will shortly see the collapse of the economies and currencies of the USA, Canada, UK, Ireland, Australia and New Zealand. The speed of this collapse is catching many by surprise. It will happen once their overseas investors withdraw confidence in their economies and withdraw their capital. Without being able to roll over their loans there will be a collapse of their currencies and defaulting on their international debt obligations. They will be blamed for the economic crisis that has engulfed the globe, bringing the hatred of the whole world against them.

It will result in the Anglo-Saxon nations sink into abject poverty; their people face starvation, disease, famine, and abject poverty. Their people will suffer greatly, as their societies sink into anarchy, as law and order breaks down, and society collapses. Their nations will be taken over by their creditors as they try and recover their debts, and their people put into slavery. It will be a time of great suffering and tribulation to its people.

One consequences of this calamity is that religious freedom as we have known it will be greatly curtailed, as the State imposes its will upon those subject to it.

How have the Anglo-Saxon nations got themselves into such a mess, when they were the most powerful economic and military powers on earth? The current situation is a direct result of rejecting the economic and moral laws God has given our nations to ensure that we have a society of equity, and prosperity, rather than what we have today ­ a society that is based on greed, pursuit of the self, pleasure and rejection of moral and religious values. It is a society bent on self-destruction, but few realize the consequences of such actions.

Over the coming weeks I will write as events quickly unfold as we sink into the darkness of economic abyss.

Bruce Porteous

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Bollocks. Another Leftie

Bollocks. Another Leftie analysis!

"It was caused by the evil white man and his culture of greed!"

Support the Constitution of the United States

Support the Constitution of the United States

Ok so like I said..why don't

Ok so like I said..why don't we all come over to my thread and focus on something positive? Seems that may be the only choice.

Anglo-Saxon? What century is

Anglo-Saxon? What century is this guy living in?

The American dollar has thus far,

inexplicably risen in value. Once the dust settles, look for the dollar to totally collapse. The American markets are more than 2 times more leveraged than the European and Asian markets. The truth always comes out. The dollar will be a casualty of the greed that propped it up.

"The Constitution was written not to regulate you in any way, the purpose of the Constitution is to restrain the government." Ron Paul.


Chicken Little called..He wants his "Sky is falling" slogan back

In Christ,

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Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.

In The LORD Jesus Christ;

"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17



"Victory for liberty! That is our goal, and nothing less. -- Ron Paul, December 17, 2007"

Ron Paul is my President.

the last paragraph about how

the last paragraph about how we got here is truly correct.. reject God and you have nothing!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Uh, you might want to change the quotes

You say we are in trouble because of neglecting God stuff, but you quote a deist and a very vocal atheist in your .sig. Whazup with that?

I wish we could make the DP a religion-free zone. Keep it in the closet like Jesus said to do. But that ain't going to happen.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

One more thing -

"Religion" means belief system. Everyone has a belief system. Everyone has a religion. To have a "religion-free" zone would be a field of dead rocks. What you believe is your religion. To say you don't believe in "religion" is your religion. Think about it.

So you want to censor out the message of Christ?

Surely there are some ears here that will hear the truth. I support liberty and exposing the evil going on. But that's just it. The BIGGER picture behind it all is that this world is being continually deceived and keeps progressing further and further into wickedness. ALL we, like sheep, have gone astray and EVERYONE has turned to his own way. There is only one Shepherd. Trust in Him while there is still time.


I know many here won't like this but it's the truth. What we are witnessing is not only part of God's judgment, but it is also fulfilling prophecy as we propel towards world government. Jesus is coming soon! Praise the Lord!

So we hope, but remember

So we hope, but remember that this need not be the event that brings the anti-Christ. It could simply be God's judgment on the West for abandoning righteousness. The anti-Christ could still be decades away.

We need to recognize the real possibility that we will have to endure the repercussions for many years to come. The way that I see it, our only hope is return to the foot of the cross. We need to repent of our sins and pray that God will grant us mercy -- that He would raise up godly men to help us rebuild our nation and lead us back to righteous living.

Amen, Khomar.

I totally agree with you. Let's be in prayer, brother (or sister).

Oh horse shit! What is

Oh horse shit! What is happening is a direct result of corruption, greed, and power hungry psyco's running the show. Was it God's judgement that we nuked Hiroshima? How about the Holocaust? Was that God's judgement on the Jews?

Doc Holladay
Nashville, TN


Truth is treason in an empire of lies.

Not Gods judgement

We made our bed and He just lets us lay in it. It's not a matter of judgement but allowing mankind to reap what he sows.

There will be a judgement day and there will be plenty of people who call on Jesus right there with the rest of the wicked facing the same judgement.

I plan on being one of those who don't have to face judgement day.

"The day is coming, burning like an oven, when all the wicked will be stubble"

He wont let

The one world government come into play. He will not let them have total control over his people. If there has ever been a time where we need to believe in something greater than ourselves, it is now. Banking on man to save us, well we have all seen how that played out. May the force be with us.

Nothing happens outside of His control.

For His reasons He allows what happens to happen. Know that one day all the "corruption, greed, and power hungry psyco's running the show" will be judged by Him and forever removed from provoking any more evil. Problem is, we all miss the mark of perfection and thus all will be judged. Those in Christ will receive His righteousness and be counted righteous. Everyone else will be judged according to their sins. ALL evil will be judged, including the obvious horrors we are all witnessing. But you need to be found in Him yourself so that you can escape the judgment. There is no other way.

"Nothing happens outside of

"Nothing happens outside of His control." So, your saying that He allowed or caused these things to happen? Nice. Kinda reminds me of 9/11....if the end justifies the means, then why not, huh?
As for removing and judging these evil men so that they can't cause anymore harm.... why not remove them now, or how about just freaking KEEPING them from ever coming to power. That would have prevented the evil from happening in the first place... not to mention saving the lives of thousands if not millions of innocent people.

Doc Holladay
Nashville, TN


Truth is treason in an empire of lies.

Ever read any Zecharia

Ever read any Zecharia Sitchin? It might help to clarify exactly who "Him" is and where we come from.

Doc Holladay
Nashville, TN


Truth is treason in an empire of lies.




Truth is treason in an empire of lies.

WTF typical christian

WTF typical christian fundamentalist!

have about we take self responsibility and blame it on our self!!!!! not GOD




We are responsible for ourselves.

But God has the final say. All have sinned and fall short of the glory of God. His wrath is building up. He has sovereign control over all these things. That does not mean we don't stand up for what's right or take responsibility. But we cannot overcome His ultimate will. What He will do, He will do. The most important thing any man can do is repent and turn to Him. He has made the Way, Jesus, and He has given us time to turn to Him. One day that time will be over. There is eternal hope to be gained by those who put their trust in Him. To those who don't, there is no hope at all. Everyone will be judged one day; only those found in Christ will be saved. Think on these things.

"Nothing happens outside of

"Nothing happens outside of His control."

"All have sinned and fall short of the glory of God. His wrath is building up."

So which is it? Why would God's wrath be building up over a world over which he has absolute and complete control? No sin happens outside of God's control, by your own words. So, is God's wrath really directed at Himself?

We are given

a choice. We have free will. God sent Jesus to purify us of our sins. Man is a sinner by nature. God wants our love and obedience in the rightful way, he wants us to do good. If he forces that will he get love and dedication? We as a nation have turned from God. Do you really think we can put man at the helm of the ship and it will never crash again? Can't you see where this is heading? We are living in it. The great tribulation is almost apoun us. He will come back and stop this cursed NWO. But not before the suffering. The bible tells of this. This is going to be world wide. You wont be able to depend on man to stop it, because man is who created it.

This article needs to be edited

to fix the grammar problems and other sentence structure issues. Other than that, this is quite frightening, and more so because I just know that he is right.

Thought provoking article,

Thought provoking article, and it corresponds well with what a lot of us believe is the master plan of the N.W.O. globalists. I think that what they won't count on is a bunch of pissed off indepenent thinking Americans with deer rifles deciding that they don't want more 'controls'.... instead what they'll want is some leaders hanging from gallows and a restoration of Constitutional government. Whether it's too late for that or not, only time will tell.

Doc Holladay
Nashville, TN


Truth is treason in an empire of lies.

please post link to the article


"The essence of freedom is the proper limitation of government". ~ Founding Fathers


here it is

oliver robert ike

Interesting... but...

"5. A new economic model will emerge, where the State replaces the private sector, exercising control over the population in how commercial activity is conducted."

How exactly is this different than what we have currently?

Seriously, decent post... a bit fear-mongerish, but still.