Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic

There is absolutely no reason to be optimistic about the direction of the global economy right now.

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.

For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.

Let’s start with Brazil.  It has the 7th largest economy on the entire planet, and it is already enduring its worst recession in 25 years.  In fact, at the end of last year Goldman Sachs said that what was going on down there was actually a “depression“.

But now the crisis in Brazil has escalated significantly.

I want to share with you an excerpt from a recent article entitled “Brazil: Economic collapse worse than feared“.  I know, that title sounds like it comes directly fromThe Economic Collapse Blog, but I didn’t write it.

It actually comes from CNN

Amid political chaos, Brazil’s economic collapse is worse than its government once believed.

In the midst of rising calls to impeach President Dilma Rousseff, Brazil’s central bank announced Thursday that it now expects the country’s economy to shrink 3.5% this year.

That’s worse than the central bank’s previous estimate for a 1.9% contraction. The darker forecast matches what the International Monetary Fund projected for Brazil — Latin America’s largest country — and what many independent economists have suspected.

It is one thing for Michael Snyder to tell you that Brazil is in the midst of “economic collapse”, but it is another thing entirely for CNN to say it.

And of course I have been warning about the crisis down in Brazil for quite some time now.  For much more on this, please see my previous article entitled “The Economic Collapse Of South America Is Well Underway“.

Meanwhile, things are actually much worse in Venezuela than they are in Brazil.  Food and basic supplies are in short supply, the inflation rate has hit 720 percent, and crime is completely out of control.

The following is from an article in the Independent entitled “Venezuela is on the brink of complete economic collapse“…

The only question now is whether Venezuela’s government or economy will completely collapse first.

The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it’s hard to see that getting any better for them any time soon — or ever.

Incumbents, after all, don’t tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It’s no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.

Once again we see a very respected mainstream publication using the phrase “economic collapse” to describe what is happening in South America.

You can find some stunning video of the “economic Armageddon” that is taking place in Venezuela right here.  I would encourage you to watch that video, because what is happening down there will eventually be happening here.

Meanwhile, over in Europe the collapse of the Italian banking system has entered a disturbing new chapter.  Italy’s finance minister has called a meeting in Rome for Monday that will be focusing on a “last resort” bailout plan for the troubled banks…

Finance minister Pier Carlo Padoan has called a meeting in Rome on Monday with executives from Italy’s largest financial institutions to agree final details of a “last resort” bailout plan.

Yet on the eve of that gathering, concerns remain as to whether the plan will be sufficient to ringfence the weakest of Italy’s large banks, Monte dei Paschi di Siena, from contagion, according to people involved in the talks.

Italian bank shares have lost almost half their value so far this year amid investor worries over a €360bn pile of non-performing loans — equivalent to about a fifth of GDP. Lenders’ profitability has been hit by a crippling three-year recession.

As Italy descends into financial chaos, the rest of the continent better be paying attention.

Do you remember how hard it was for the rest of Europe to rescue Greece?

Well, Greece has the 44th largest economy on the planet.

Italy has the 8th.

It would be hard to overstate the seriousness of what is going on over in Europe, and it is not just Italy we are talking about.  All over the continent major banks are in deep trouble, and the chairman of France’s second largest  retail bank recently told reporters that “I am much more worried than I was in 2009“.

And there is very good reason for concern.  On Sunday, we learned that a major “bail-in” had just been announced for one of Austria’s most prominent banks.  The following comes from Zero Hedge

And then today, following a decision by the Austrian Banking Regulator, the Finanzmarktaufsicht or Financial Market Authority,Austria officially became the first European country to use a new law under the framework imposed by Bank the European Recovery and Resolution Directive to share losses of a failed bank with senior creditors as it slashed the value of debt owed by Heta Asset Resolution AG.

The highlights from the announcement:

Today, the Austrian Financial Market Authority (FMA) in its function as the resolution authority pursuant to the Bank Recovery and Resolution Act (BaSAG – Bundesgesetz über die Sanierung und Abwicklung von Banken) has issued the key features for the further steps for the resolution of HETA ASSET RESOLUTION AG. The most significant measures are:

  • a 100% bail-in for all subordinated liabilities,
  • a 53.98% bail-in, resulting in a 46.02% quota, for all eligible preferential liabilities,
  • the cancellation of all interest payments from 01.03.2015, when HETA was placed into resolution pursuant to BaSAG,
  • as well as a harmonisation of the maturities of all eligible liabilities to 31.12.2023.

According to the current resolution plan for HETA, the wind-down process should be concluded by 2020, although the repayment of all claims as well as the legally binding conclusion of all currently outstanding legal disputes will realistically only be concluded by the end of 2023. Only at that point will it be possible to finally distribute the assets and to liquidate the company.

The dominoes are starting to fall in Europe, and I would expect even bigger announcements in the weeks and months to come.

Over in Asia, economic chaos is beginning to prevail as well.

In China, the stock market is already down more than 40 percent from the peak, Chinese exports were down 25.4 percent on a year over year basis in February, and Chinese economic numbers overall have not been this poor since the depths of the last global recession.

At the same time, the Japanese economy is really struggling right now.  As I wrote about the other day, Japanese GDP has shrunk for two out of the last three quarters, we just saw Japanese industrial production experience the biggest one month decline that we have witnessed since the tsunami of 2011, and business sentiment has fallen to a three year low.  The Nikkei has dropped by about 5,000 points from where it was last summer, and some analysts believe that Japanese markets “are being destroyed” due to massive intervention by the Bank of Japan.

Here in the United States, we haven’t been hit quite as hard as the rest of the world just yet, but there are lots of very disturbing warning signs all around us.

At the end of last week, we learned that it is being projected that U.S. GDP will have grown by just 0.1 or 0.2 percent during the first quarter of 2016.  And on Monday corporate earnings reporting season begins, and it is expected to be a very, very bad one.  The following comes from Business Insider

We are about to get confirmation that earnings growth for America’s biggest companies was negative in the first quarter, compared to the same period a year ago.

When aluminum giant Alcoa releases its results on Monday, it will mark the unofficial start of the heaviest reporting season for S&P 500 companies.

The final scoreboard is expected to show a 9.1% earnings drop for the quarter, according to FactSet senior earnings analyst John Butters.

If these projections turn out to be accurate, it will be the fourth quarter in a row of earnings declines.  This is something that we never see outside of a recession.

And for a whole bunch more numbers which indicate that the U.S. economy is in very serious trouble, please see my previous article entitled “19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago“.

Of course I am just another voice in the crowd when it comes to predicting that the U.S. economy is headed for rough times.  For example, just check out what Societe Generale economist Albert Edwards is saying

A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it’s going to throw the economy into recession.

…the profit recession facing American corporations is going to lead to a collapse in corporate credit.

“Despite risk assets enjoying a few weeks in the sun our fail-safe recession indicator has stopped flashing amber and turned to red”

He continued:

Whole economy profits never normally fall this deeply without a recession unfolding. And with the US corporate sector up to its eyes in debt, the one asset class to be avoided — even more so than the ridiculously overvalued equity market — is US corporate debt. The economy will surely be swept away by a tidal wave of corporate default.

As you can see, it isn’t just one nation or one region of the world that we need to be concerned about.

Economic chaos is erupting literally all over the planet, and global leaders are starting to panic.

Unfortunately, they have had seven years to try to fix things since the last global recession, and they didn’t get the job done.  Anyone that believes that by some miracle they will be able to pull us out of the fire this time and that everything will somehow be okay is simply engaged in wishful thinking.

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Black Monday: Stock Markets Collapse Amid Global Sell-Off

Peter Schiff, Ron Paul & others all warned this would happen
Black Monday: Stock Markets Collapse Amid Global Sell-Off

Image Credits: ensh / Flickr.

by Kit Daniels | Infowars.com | August 24, 2015


The Dow Jones Industrial Average fell 1,000 points on Monday amid a huge decline in Chinese stocks and a global sell-off.

The drop was the Dow’s biggest since 2008 and even though the index recovered some of the losses, the Dow was still down over 400 points as of late morning.

The Standard & Poor’s 500 index also fell into “correction territory,” meaning that it’s down 10% from a recent peak.

The global sell-off was triggered by growing concern over a slowdown in China and the Federal Reserve’s non-stop creation of money called “quantitative easing” which devalues the dollar.

“China’s stocks plunged the most since 2007 as government support measures failed to allay investor concerns that a slowdown in the world’s second-largest economy is deepening,” Kyoungwha Kim with Live Mint reported. “The Shanghai Composite Index tumbled 8.9% to 3,197.31 at 1:14 pm local time, erasing its gain for the year.”

“The Hang Seng China Enterprises Index lost 7.6%, poised for its biggest decline since 2008. Futures on the CSI 300 Index decline by the 10% daily limit.”

In response, U.S. Treasuries exploded as investors bought less risky assets to shield themselves from the turmoil.

Multiple financial experts, including Dr. Ron Paul and Peter Schiff, have warned of a coming financial crisis.

“We still have another stock market bubble and another housing bubble going on, but the big bubble I think is in the bond bubble,” he said on the Alex Jones Show. “It’s been going on for 35 years, taking interest rates from 21% down to actually negative.”

“[Central banks] have been getting away with it, so this means distortion, and not only is there money involved, but it also distorted all the investments made during this time.”

And the biggest distortion this encouraged, Dr. Paul added, is debt.

“It encouraged debt for a lot of people, but in particular government,” he continued. “As long as our government is able to print the reserve currency [the U.S. dollar], it’s going to limp along, even though our economy is limping along, but that will come to an end.”

“Right now we’re starting to see the whole thing coming apart; I mean we look at Detroit as an example, we see what’s happening in Greece, they’re worrying about what’s going to happen after Greece is actually recognized as totally bankrupt and there will be other countries.”

Dr. Paul also warned that the central banks will keep trying to delay the inevitable by printing and spending even more money. “But that’s coming to an end,” he said. “The day of reckoning is at hand.”

Peter Schiff also warned of an inevitable collapse.

“In truth, the U.S. markets had been selling off for days before any change in policy from Beijing became remotely clear,” he wrote Aug. 14. “With U.S. economic data deteriorating, corporate earnings falling, and 95% of economists forecasting a rate hike in the next few months, a sharp sell-off of already wildly valued stocks could be considered a logical development that needs no overseas explanations.”

But what will happen if the current sell-off continues?

“Any sober reading of the current economic data, which shows anemic investment, minimal productivity growth, barely positive GDP growth, wage stagnation, and falling labor participation, should allow for the strong possibility that recession is looming in the U.S.,” Schiff continued. “If it occurs, or to prevent it from occurring in an election year, the Fed will be forced to immediately shelve its tightening plans (if it even has any) and instead deliver another round of QE.”

“When that occurs the confidence that inspired the dollar’s rise will prove to have been misplaced, and the rally nothing more than another Fed-induced bubble.”

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TPP Endgame: Turn America into a Third World Wasteland

A worldwide corporate plantation of serfs indebted to global government
TPP Endgame: Turn America into a Third World Wasteland

by Kurt Nimmo | Infowars.com | June 25, 2015


The end result of the Trans-Pacific Partnership (TPP) passed by a traitorous Congress will be to reduce America to a third world wasteland on par with Mexico where the median household income is $4,500.

The idea behind the so-called trade agreement is to replace and expand NAFTA, the North American Free Trade Agreement passed by the supposed liberal president Bill Clinton.

“NAFTA was supposed to create 200,000 new jobs through increased exports to Mexico but, by 2010, growing trade deficits with Mexico had eliminated 682,900 U.S. jobs, with job losses in every U.S. state and congressional district,” write Robert E. Scott for the Economic Policy Institute.

NAFTA streamlined the process of moving manufacturing jobs from the United States to Mexico and eventually China and now Vietnam where the monthly salary is around $150 per month.

NAFTA resulted in the loss of around 5 million U.S. manufacturing jobs and the TPP will dramatically increase the losses.

40 million more U.S. jobs could be sent offshore over the next two decades if the current trend deindustrializing America continues under TPP, notes Professor Alan Blinder of Princeton University.

In addition to sending jobs offshore, the TPP will significantly decrease the wages of non-college degree workers.

Scott writes that “expanded trade with low-wage countries has reduced the annual wages of a typical worker by $1,800 per year. Given that there are roughly 100 million non-college-educated workers in the U.S. economy (about 70 percent of the labor force), the scale of wage losses suffered by this group translates to roughly $180 billion.”

“The TPP’s implications on the poor and working class of the United States are grave and serious. From information gathered thus far it is known that the TPP would drive down wages even further,” writes the Rev. Bruce Wright, President’s Commission on Ending Homelessness.

The corporate trade agreement will create a “potentially dramatic increase in poverty, unemployment, and homelessness due to decreasing wages, further joblessness, and increased health costs.”

The federal government’s Census Bureau reports half of the United States population is now living at or below the poverty line. Median household income adjusted for inflation has declined for five years in a row.

“During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000, according to data released today by the Census Bureau,” CNSNews reported in September, 2013.

More than 50 percent of the population — 165 million of 308 million Americans — receive some sort of government assistance and the number of Americans on welfare has increased from 97 million to 107 million since Obama took office.

The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.

The New Corporate Serfdom

This corporate drive to impoverish humanity and consolidate wealth and power is part of a process designed to reinvent and modernize the feudal system of the Middle Ages. The new serfdom now emerging will not simply control Europe, but the entire world under the rule of a globalist government.

In the Middle Ages under monarchical feudalism peasants were slaves who had no rights, were perniciously taxed, were forced to turn over the best part of their harvest to manorial lords, were not allowed to own oxen or horses, hunt (under penalty of death) and had to ask permission to move or get married. They were not allowed to own weapons.

As Daisy Luther notes, a return to this system is now emerging. From globalist trade agreements and corporate monopolization and ever increasing government regulation, today’s oligarchs are ushering in a return to serfdom.

“Agenda 21, a document devised by the United Nations, goes even further to separate the 90% from the 10%,” she writes. “In the name of tree-hugging largess,  A-21 is quietly working to round up the peasants and place them in cities, with massive restrictions on their movement.  Through public transit that only goes to certain places, A-21 is ‘keeping the peasants on the estate.’ People are shoehorned into tiny apartments with no opportunity to become self-sufficient and grow their own food.  Using ‘national land’ (parks) requires payment in many areas.  Even the collection and use of rainwater is being targeted by Agenda 21, sending the very clear message:  WE OWN EVERYTHING.”

TPP is about the global elite not only owning everything but also reducing humanity to a state of grinding poverty. People on the edge of starvation and homelessness are less concerned with liberty and overthrowing the elite and their minions than merely surviving.

NATO Heavy Weapons Fueling World War III

Threat of global thermonuclear war looms as Ukraine crisis intensifies

by Alex Jones | Infowars.com | June 22, 2015


NATO is pushing civilization dangerously closer to a new world war by antagonizing Russia with the Ukrainian conflict.

Defense Secretary Ash Carter announced just this week that the United States would be contributing “weapons, aircraft and forces, including commandos, for NATO’s rapid reaction force” to push back against Russia’s presence in the region.

The situation, which began with billionaire George Soros’ admitted overthrow of the Ukranian government, has led to dangerous nuclear rhetoric, far surpassing the Cold War era.

The Forecaster

Can a computer model predict the world economy?

MARTIN ARMSTRONG, once a US based trillion dollar financial advisor, developed a computer model based on the number pi and other cyclical theories to predict economic turning points with eerie accuracy. In the early 80s he established his financial forecasting and advising company Princeton Economics. His forecasts were in great demand worldwide. As Armstrong’s recognition grew, prominent New York bankers invited him to join “the club” to aid them in market manipulation. Martin repeatedly refused. Later that same year (1999) the FBI stormed his offices confiscating his computer model and accusing him of a 3 billion dollar Ponzi scheme. Was it an attempt to silence him and to prevent him from initiating a public discourse on the real Ponzi Scheme of debts that the world has been building up for decades? Armstrong predicts that a sovereign debt crisis will start to unfold on a global level after October 1, 2015 – a major pi turning point that his computer model forecasted many years ago.

Click Here For The Official Website

Austrians Mad As Hell At Bilderberg 2015

Austrians upset about global elite scheming in their country
Austrians Mad As Hell At Bilderberg 2015

by Rob Dew | Infowars.com | June 10, 2015


Infowars reporter Rob Dew talks to Austrians about the upcoming Bilderberg meeting.

Many of the Austrians we spoke to were already aware of Bilderberg; however, those that weren’t agreed that Bilderberg was a dangerous and tyrannical meeting of the minds that needed to be shut down immediately once they learned the truth.

Bilderberg 2015 to Focus on Re-Branding Authoritarianism

Global elite schemes to put squeeze on ordinary citizens
Bilderberg 2015 to Focus on Re-Branding Authoritarianism

by Paul Joseph Watson | June 10, 2015


The Bilderberg Group has released its full participant list and agenda for the 2015 elitist confab days before it’s set to begin in Austria, but as ever, the topics up for discussion are so vague as to almost be meaningless. And we know that many of the most sensitive topics never appear on that list in the first place. So what’s the real agenda?

For a start, it’s unusual that Bilderberg is taking place after the G7 conference. It’s normally the other way around. This suggests that Bilderberg’s role in not only setting the consensus, but making the final call on many of these issues will be pivotal this year.

The intense security surrounding the InterAlpen Hotel, with our reporters Rob Dew and Josh Owens already having been harassed numerous times by police, illustrates how paranoid Bilderberg are about keeping the details of their agenda under wraps. Anyone who violates Bilderberg’s giant “security zone” which stretches for miles around the perimeter of the hotel faces a 500 euro fine. If they refuse or are unable to pay the fine, it’s two weeks in prison.

Artificial intelligence will be one of the core discussion topics at Bilderberg 2015. The most interesting newbie in terms of Bilderberg attendees is undoubtedly Regina Dugan – former DARPA director and now Google executive and a pioneer of ingestible ID microchips. Dugan, along with Google Chairman Eric Schmidt and Demis Hassabis, Vice President of Engineering for Google DeepMind, will scheme with global power brokers on how to grease the skids for public acceptance and adoption of Big Brother technology that otherwise wouldn’t look out of place in a dystopian sci-fi thriller.

This all ties into Bilderberg’s overarching goal of re-branding authoritarianism.

As a result of endless money printing and growing wealth inequality, the global elite has created the pre-conditions for widespread riots and civil unrest. We already had a taste of this with Ferguson and Baltimore. Now the wealthy are buying safe rooms and secret hideaways in remote locations as they prepare to hunker down for the next stage of the economic collapse. Earlier this week, Bloomberg reported that Johann Rupert, the billionaire owner of Cartier, is worried about artificial intelligence and robots replacing human workers causing class warfare and social disorder.

Make no mistake, Bilderberg wants class warfare. They want riots, because this allows the elite to exploit the chaos to pose as the saviors and introduce the solution of statist and economic totalitarianism.

If you want to get a true insight into what motivates Bilderberg, look no further than the guy who calls the shots – Henry Kissinger. All the other Bilderberg attendees – bar David Rockefeller – show deference to the former National Security Advisor.

Kissinger has always been an aggressive advocate of Realpolitik, an amoral and Machiavellian form of diplomacy and policy making which eschews morality and ethical considerations.

Kissinger has been implicated in numerous war crimes, crimes against humanity, kidnap, torture, and murder in places like Chile, Cambodia, and East Timor.

But what’s most alarming is the fact that the 92-year-old Kissinger still advises the Obama administration today. He’s been lobbying for years for regime change in Syria, which may at some stage be achieved as a result of ISIS – created partly as a result of the U.S. arming other jihadist groups in the region – taking over half of the country, something the Syrian rebels never accomplished.

Under the guise of stopping terror financing to ISIS – which only seems to have become stronger since the US and others began officially targeting the terror organization – Bilderberg will discuss imposing harsher bank regulations, eviscerating whatever financial privacy we have left, as well as a coordinated EU crackdown on the sale of precious metals.

This ties into the wider war on cash. Numerous influential voices have recently called for eliminating physical currency altogether, giving central banks and governments the power to directly control your finances under the justification of preventing an economic collapse. At its most authoritarian extreme, this means having to obtain government permission every time you withdraw or spend a moderately large sum of money. France is already set to introduce laws in September which will restrict French citizens from making cash payments over €1,000 euros.

HSBC will be represented by no less than three powerful individuals at Bilderberg. The bank was just forced to pay another $43 million dollar fine for illegal money laundering involving arms dealers and helping the wealthy avoid taxes, but that won’t stop them scheming to control your finances.

Preventing Greece from ditching the Euro and stacking the deck against the EU referendum ‘out’ vote in the United Kingdom will also be a core centerpiece of Bilderberg’s agenda going forward. The EU and the euro single currency is a pet project of Bilderberg. If that pillar of world government begins to crumble, it undermines the rest of the architecture of global government, including TPP, which again despite not being on the list, will be discussed by Bilderberg members.

TPP could also be used to sneak through draconian climate change regulations under the radar. Bilderberg is scheming ways of how to bypass Congress and directly implement the post-industrial revolution they’ve been pushing for over a decade. These measures, if fully enforced, will bankrupt the United States, cost millions of jobs, and force the country into deindustrialized debt slavery.

Geopolitcally, Bilderberg will also put pressure on recalcitrant European countries like Austria to further isolate Russia while encouraging the arming of Kiev-backed militias. Don’t be surprised to see a major confrontation between NATO and Russia before the end of the year as a result of this agenda.

After slamming the G7 as authoritarian, China has also been completely frozen out of any Bilderberg representation. The hegemonic importance of targeting Beijing’s influence in the South China Sea, again risking a potentially devastating confrontation, will be emphasized.

Another topic on the list is the US presidential election. Let’s not forget that Bilderberg almost certainly acted as kingmaker back in 2008 when both Barack Obama and Hillary Clinton were strongly rumored to have paid a visit to the conference in Chantilly, Virginia.

The attendance of Jim Messina of The Messina Group, the organization that ran Obama’s 2012 re-election campaign, proves that Hillary is Bilderberg’s pick for 2016. Messina is now advising Hillary Clinton. His presence at Bilderberg will be focused around ensuring none of Hillary’s potential challengers get the big bucks from the innumerable transnational banks and corporations that will also be represented at the secretive confab.

So in summary, Bilderberg’s talking points and agenda for the next 12 months;

– Further isolating Russia over Ukraine – arming Ukrainian militias and potentially stoking a major confrontation with NATO

– Strangling financial support for Hillary Clinton’s potential 2016 presidential competitors

– The elites positioning themselves as financial saviors when more riots and civil unrest

– Moving towards the abolition of cash and imposing economic totalitarianism

– Discrediting the ‘out’ campaign for the United Kingdom’s EU referendum

– Re-branding authoritarianism in anticipation of the coming economic collapse

– Finalizing the TPP as the next pillar of global government

– Dismantling China and the BRICS’ ability to challenge the unipolar system

– Selling artificial intelligence and Big Brother surveillance as “trendy” and “cool” in order to fool the general public into adopting technology that will eviscerate their livelihoods and personal privacy.

Infowars reporters Rob Dew, Josh Owens and Paul Joseph Watson will be in Austria all week covering the Bilderberg Group conference.

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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

Google Exec Behind Ingestible ID Chips to Attend Bilderberg 2015

Former DARPA director Regina Dugan to discuss artificial intelligence with global power brokers
Google Exec Behind Ingestible ID Chips to Attend Bilderberg 2015

by Paul Joseph Watson | June 8, 2015


RELATED: Google Exec Behind Ingestible ID Chips to Attend Bilderberg 2015

Former DARPA director and now Google executive Regina Dugan, who is helping to develop and promote the idea of an ingestible identification microchip, will be in attendance at the secretive 2015 Bilderberg conference in Telfs-Buchen, Austria.

Dugan’s name appeared on the official list of participants released today on the Bilderberg Group’s official website. One of the topics up for discussion will be “artificial intelligence.” Google Chairman Erich Schmidt along with Demis Hassabis, Vice President of Engineering for Google DeepMind, will also meet with over 100 global power brokers from finance, politics and academia during the elitist confab.

Dugan told an audience at the 2013 All Things D11 Conference that the company was working on a microchip inside a pill that users would swallow daily in order obtain the “superpower” of having their entire body act as a biological authentication system for cellphones, cars, doors and other devices.

“This pill has a small chip inside of it with a switch,” said Dugan. “It also has what amounts to an inside out potato battery. When you swallow it, the acids in your stomach serve as the electrolyte and that powers it up. And the switch goes on and off and creates an 18 bit ECG wide signal in your body and essentially your entire body becomes your authentication token.”

Dugan added that the chip had already been FDA approved and could be taken 30 times a day for someone’s entire life without affecting their health.

Dugan’s former position as director of DARPA, which many see as the leading force in a malevolent move towards a Big Brother surveillance society, is sure to stoke even more concern amongst privacy advocates.

“What in the world does Google have planned that it’s hiring military leadership?” asked The Wire’s Adam Clark Estes, noting that her appointment illustrated Google’s “tight connections with military leadership.”

DARPA has also been developing brain chips that will implant or remove specific memories from a subject, heralding the beginning of a “golden age” where minds could be manipulated to function better.

Tesla CEO Elon Musk caused consternation last month when he expressed his fear that Google cofounder Larry Page will be responsible for creating artificial technology that could eventually rise up and destroy humankind.

“I’m really worried about this,” Musk is quoted as saying in his recently released biography, remarking, “He could produce something evil by accident.”

I will be joining Infowars’ Rob Dew and Josh Owens to cover the Bilderberg conference this week. Dew and Owens received a friendly welcome when they tried to drive towards the luxury Interalpen Hotel – a police checkpoint and an impromptu inspection of their vehicle.

Infowars.com will have full detailed coverage of Bilderberg’s 2015 agenda throughout the week.

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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.