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ZetaTalk: Economy

Written November 27, 2011

Nancy, when 9/11 occurred the world almost stopped both fiscally as well as emotionally. Yet in the end only a few buildings came down and 3,000 people died. While those deaths are certainly important to their families I can only imagine the fiscal and emotional impact across the world when the 7 of 10 occurs in Indonesia. My question is can we expect a thousand times impact on our economy and our emotional state worldwide as the 7 of 10 occurs. If so won't the monetary system almost collapse if not at least be paralyzed. If so, it is imperative that everyone make sure that they are well prepared prior to this event. Since in the hands of man, there is no telling what the world leaders will do from as simple as wringing their hands to as much as imposing martial law.

We have been asked many times about the strength of the financial system, and have iterated the many checks and balances that are in place and will be used when the time comes. The goal of the banking systems is to not only to survive, but to thrive. If they cannot thrive, they will certainly take all steps to survive. Closing weak banks and rolling the assets into stronger banks is a process that has been going on since 2008, the Wall Street crash, and will continue. This throws bankers out of work, throwing the bums out, but the system survives. A second defense is to limit banking services - only so many hours, only so much in savings withdrawn, smaller ATM withdrawals, that sort of thing. Next are price freezes which are imposed behind the scenes on the stock markets and bonds - no gouging by private parties. This does not make greedy brokers or bankers rich, but maintains the system. All of this has been in process already, during this the second Great Depression.

During any catastrophe causing loss of homes and businesses and crops, insurance companies routinely go bankrupt. In recent years they have tried to buffer their loses by refusing to insure homes for flood insurance if in flood plains, or refusing to insure homes for quake damage if in earthquake zones. If necessary in order to support business in the region, polices will be written but will become worthless when a disaster hits. The insurance executives take their retirement funds and run away, leaving their clients bereft. Governments, who must attempt to repair infrastructure, will do little to help those who have lost all. Those insurance companies not affected will continue as before, and those who were wiped out will make no apologies.

Written January 1, 2011

Last two days I have heard on news about gas price would go up to $5.00 per gallon by 2012. The gas is going up fast now. Zeta314.htm did mention Bush out of Iraq and Puppet Master was not interested in economy or bank failure. Newsletter issue 38 did mention two-year rise in gasoline prices, American consumers now face sharply higher prices for foods. Zeta372.htm did mention gas prices which will be approaching $ 4/gallon in the Summer, food prices dramatically increasing due to bee pollination problems. Is there any update from Zeta on rising gas prices which might hit $5.00 per gallon? Will there be another collapse in economy and unemployment getting worst. Is this the repeat what happened during Carter Administration during his last two years with double digit inflation and recession? Many do believe that $5.00 per gallon would cause unemployment as much as 20%, more businesses would go bankrupt and another depression.

Is the economy going to get worse? Yes. Will the Earth changes bankrupt insurance companies and worsen the crop shortage situation? Yes. Will there be price increases and inflation? Yes. Will this reach the point where matters get radically worse than they are today? No. The reason is due to the manipulation that governments can do to prevent gouging. As we have often explained, the banking industry will not collapse. They have cards they have not yet played. Weak banks have been closed or consolidated, banking services limited and restricted to only the most solid customers, and limitations on withdrawals imposed. But the public does not see what goes on behind the scene, as governments can force the banking industry, or the stock markets, into controls designed to avoid collapse. In short, gouging is outlawed. The failure to take such steps is what caused the Wall Street collapse during the housing bubble crash in the Fall of 2008. Bush/Cheney and their rip-off cronies are no longer in charge. Controls are now in place.

How would these same techniques apply as the Earth changes make matters worse? If the government printed money to allow Wall Street to survive, then they can do the same when insurance companies start failing. Consolidation, government backing, and companies can stay in business, reassured. Certainly the profit motivated oil companies can be forced into price controls, as can the distribution networks. This is already in place, though these moves are done behind the scene. Food distribution is also enforced. Companies and individuals who would seek profits by withholding food until the price was driven up, or sitting on stockpiles until the price rises, are aggressively pursued by governments, though this also is not public knowledge. If the establishment wants the cover-up over the presence of Planet X to last as long as possible, they do not want the public restless. Capitalism be damned.

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