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There Is No Recovery From America’s Economic Extinction Level Event

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The massacre of Greek citizens under their Goldman Sachs controlled puppets, continues and Greeks are dying while the banks are getting paid for their bad credit swap derivatives.  Greece is on the verge of a grass roots led civil war. Why should America be any different than Greece? The reason that the banking and retirement accounts of Greece have been destroyed is because Greece was chosen by the banksters to pillage their economy in order to help pay off their derivatives debt.

Think of Greece as being an appendage and the appendage belongs to a man who has a staff infection which is rapidly spreading through his system. To save the patient from dying, the patient must first have his hand amputated. When the doctors are unable to stop the infection from spreading, Spain and Italy are the next amputations to be performed as the other hand is amputated. This will be followed by bail-ins for the G-20 nations and that is when both arms will be cut off by the banksters as they attempt to stay one step ahead of the burning bridge with regard to the derivatives debt. After the patient has lost both hands, both arms, it is time to begin thinking about amputating both legs as the credit swap derivatives infection begins to spread with greater rapidity. This would be the United States. We are about ready to have every financial asset amputated and removed from our custody. And at the end of the day, it is not going to matter, because the patient is terminal. Welcome to the world of credit swap derivatives which have dealt a death blow the global economy.

What Every American Should Know

 I believe that there are some things that nearly every American can do to soften the landing. However, based upon some of the comments that I am receiving on the website from my previous articles on this topic, it is clear that most people do not have a clue on how credit swap derivatives work and why their existence guarantees the economic collapse of the United States.


The purpose of this article is to remove the child-like false belief that there will be any meaningful economic recovery. The only way to stave off a complete economic collapse is to totally repudiate the debt. That will be a cold day in hell when repudiation of the debt happens, because the people who run our economy are the ones who have both created the debt and are also owed most of the debt.


The Final Death Blow to America Began With the Credit Swap Derivatives

Raise your hands if you knew that on October 21, 2011 that the Bank of America got the FDIC to ensure its $75 trillion credit swap derivatives debts with money, from the FDIC,  that is supposed to insure our bank deposits? You may keep your hands down, because hardly anyone knew of this bank heist by stealth. By the way, all the megabanks have received the same promise from the FDIC. Where is your guarantee from the FDIC?


The total value of all assets in the United States amounts to approximately $20 trillion dollars. How can the U.S. government guarantee triple the value of the U.S. economy as it did with Bank of America? The FDIC is insuring a house of cards that can only bankrupt the country. Does it now make sense why the FDIC sponsored a conference held  in Britain along with the top banking officials from both Britain and the  U.S. (e.g. Janet Yellen)  in which they practiced how to respond to widespread banking failures? This activity took place on November 10, 2014 in London.


To comprehend the seriousness of the derivatives threat to the American and global economy, one has to first understand how our home mortgages have been impacted by the biggest Ponzi scheme in world history. Did you know, for example, that your  $200,000 home loan, has been combined with other home loans to create a derivatives set of holdings that is bet on in the futures commodity market?  For example, your individual home loan of $200,000 ends up backing up the $20,000,000 of home loan values in the sale of derivatives at your local bank. In other words, America, your home mortgage is being used to underwrite the banksters and their credit swap derivatives. Home mortgages are now a traded commodity. Therefore, when you make your monthly mortgage payment, you are not paying down your mortgage, you are paying the derivatives debt of the banksters who have hijacked this country.


After reading the previous paragraph, does the MERS mortgage fraud in which millions of American homes have been illegally stolen by the repeated sale of your mortgage title, all done with robo-signers, make more sense? And when you end up paying the wrong mortgage company your monthly payment, the one that holds the title shows up with the Sheriff and puts you and your family on the street. This is, in part, how the banksters are stealing homes to pay off as much of the derivatives debt as possible. This scenario has happened to millions of Americans in the MERS fraud and yet, nobody goes to jail.  Do you now understand why the 7th Circuit Court of Appeals ruled that banks own your bank account the moment you deposit the money? It should be clear that your retirement is the next target. Why are the banksters stealing all of our assets?


The reason that you do not understand what has happened to you and why most of us will soon be absolutely penniless and many more of us will be homeless, is because most Americans do not understand how commodities work as this is the source of the derivatives problem. Let’s say that you own a dairy and I own cows that produce milk. At the beginning of the dairy export season we have no idea how much milk is going to get produced and sold. Both of our future earnings are unknown and this makes it really hard to financially plan. So, we both take the estimated value of the milk and place some of it in the futures commodity market where your dairy prices are guaranteed and I know that I am going to receive a certain amount of income. These practices were previously monitored by the Chicago Board of Trade and The Commodities Futures Trading Agency. Before the 1990’s, checkbook banks and mortgage banks were not allowed to trade in stocks. Stock brokerages (i.e. the gambling banks) were not allowed to even issue a checkbook and never the two types of banks should ever meet. These regulations were the result of the Glass-Steagall Act which went into effect in 1933 which was made necessary  because the Great Depression was worsened by the fact that the savings and mortgage banks had invested in stocks. And when the stocks failed, the banks failed. Today, the gambling banks (i.e. stock brokerages) and the savings and mortgage banks (e.g. Bank of America) are  allowed to do whatever they want. And what makes this worse, is that federal government now allows your home mortgage to be traded as a commodity.  For example, let’s say your mortgage banker is holding $20 million dollars of mortgages. Now, AIG comes along and wants to insure these mortgages for $100 million dollars. Then Bank of America wants to insure AIG’s mortgages for $1 billion dollars. Wells Fargo swoops in and insures Bank of America’s insurance for $10 billion dollars. This is how an economy such as the U.S. can be worth $20 trillion dollars yet can have $1.5 quadrillion dollars in derivatives debt. The game is over.


Can You Handle the Truth?

 In the previous 1400 words, we have been discussing the bankster games of profits. Let’s take a moment and take a look at the scoreboard.








Are You Smarter Than a Fifth Grader?

How do you pay off a debt that is at least 16 times greater than the entire value of the planet? The short answer is that you do not. A fifth grader could write out the equation which should tell all of us why the United States, or the planet for the matter, will never experience an economic recovery. What is described here is an economic extinction level event!



The banksters on the top of this pyramidal Ponzi scheme pulled out tremendous wealth from this process. However, most of the banksters were left holding the derivatives bag and this is why they are trying to steal everything you own. These banksters are not trying to pay off the debt, they are simply delaying the inevitable and they are trying to acquire as much capital (e.g. gold, real estate) as possible prior to going into hiding.


If this explanation does not help you understand why there can never be a meaningful recovery in the United States, then nothing will. To those who finally see that we will NEVER be able to pay this debt down and the interest is growing faster than the $2 trillion we take in each year as a government, then you need to be planning your exit strategy just like the bankers.


The key to not getting caught up in a disaster is to not be where the disaster is happening. Broadly speaking, if you have the assets, it would be best if you pay off all existing debt, at least the debt that matters (e.g. home loans). To the other end of the continuum, some brokers who have clients who could not pay off any meaningful debt, are advising these clients to acquire much debt as they can, while preparing an exit strategy in a “steal from Caesar as he has stolen from you” approach. The final part of this series asks and answers the question “What should I do about the crash that is coming”?





The Common Sense Show with Dave Hodges Will Air At the Following Times on Sunday, Jan. 4, 2015

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By | 2017-10-26T22:07:59+00:00 January 2nd, 2015|Featured, Main, United States|38 Comments

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  1. Shawn A.B. Clutter January 2, 2015 at 6:23 am

    Please help me understand the last 3 sentences of this article. Are you saying that some brokers are suggesting people acquire as much debt as possible outside of mortgage debt? What is the reasoning of this. I am missing something. Educate me please lol.

    Thanks for the amazing information being put out at your website. Your site is now in the top 3 sites visited daily and mostly your first in our home……in front of infowars.com and drudgereport.com. God Bless!


  2. rey rey January 2, 2015 at 7:00 am

    I have my mortgage thru WELLS FARGO. How can someone go about finding out who owns the note and who actually owns my house.My loan is 2.5 yrs old. Did the robo signing continue after 2008 when all this started to grt exposed? I first heard about this from Hellen Brown


  3. Craig A Mouldey January 2, 2015 at 7:28 am

    I think it would be a mistake to take the approach of stealing from Ceasar as he has stolen from you. I paid off my truck though it has left me cash strapped. My reasoning and fears are thus: what if I got the balance down to $1000 and ran out of money? They would come and seize the truck and all those payments made would have been a total loss. Even worse, now I have no truck, no money, and GM says I still owe them the balance. These firms and banks are predatory and will chase us down to the ends of the earth for that last nickel. Ever think about debtors prison?

  4. NeoIsolationist January 2, 2015 at 7:47 am

    I have had a mailing group for the last 5 years, and I send lots of this ‘alternative media’ information to them. This article, and another regarding the unwinding of the 9trillion dollar, dollar-carry trade, has been sent (among about 1000 others at this point). The zero hedge article was very good, but did not go into the consequences you wrote about. Thanks for this info. Just to let you know that my mailing group members have circles of friends of their own, and it goes out even further. Take care.

  5. Michael Jonah January 2, 2015 at 7:56 am

    “steal from Caesar as he has stolen from you” this strategy is total B.S. as the game is rigged by Caesar for Caesar and there will be no escape from debt. Best bet is to run as far away from “Caesar” as possible. Meaning, no debt and to have no assets within in “Caesars” reach. Another words be outside the system to the highest degree that you are able to be. Debt is slavery so the assertion of getting into debt to beat Caesar is preposterous.

  6. Nik January 2, 2015 at 8:15 am

    Question. If I have a home loan with Chase Bank, would it be better to refinance my mortgage with say a local credit union? Is there any protection by doing that?


  7. […] Dave Hodges TheCommonSenseShow.com 2 Jan., […]

  8. sparksnavy January 2, 2015 at 8:52 am

    Craig A. Mouldey–

    There is no “debtors prison ” anymore–not to say it won’t be coming back–but, it is self defeating to the people being owed– while in prison how can one pay– any debt? Eventually even!?

  9. Robbie41 January 2, 2015 at 8:57 am

    Hello to you today dave, My name is Rob & i’m writing here to you from Mid-Michigan. If you feel the need or want to edit my post you may do so. I’m writing cause I have been reading your good post’s on the bankers bail-ins since nov. Very good writing & it speaks the truth. What I can’t firure out is whoever I try to talk to about this subject & other’s i’m being told it’s not real, it’s never going to happen, or i’m being told to shut-up.. Some people have accually told me, I need to be addmitted, or go into Counselling or rehab…Being put away for telling the truth? So right now the way i see it, is well if you seem to know more than I do,,well then YOU figure it out.. You & ME just may have the last laugh, cause when the people really find out,, then it WILL be TOO–LATE.. Maybe I’m wrong,—- but I can see the bankers pull this stunt off on us.. So let it BE..


  10. Mouse January 2, 2015 at 9:12 am

    I wondered how banks could get “more” money if they steal our assets in mortgaged homes (that are being paid with interest ) in a financial collapse when no one can afford to buy them again?

  11. Arizona January 2, 2015 at 9:17 am

    THE SURPREME COURT ,says the police DO NOT HAVE TO PROTECT YOU,so who is it they protect and serve,SATAN and his wolf pack,THE POLICE GANGS,americans have been lied to forever,they swollow the LIES hook line and sinker,SOON americans will wakeup as their front door comes crashing in,and WHO WILL IT BE,THEIR HERO’S IN BLUE,who will murder their family and rape their women,and then shoot everyone in the head,AND its coming,YOU’VE lost your entire government to them,and are still to blinded to understand WHO YOUR REAL ENEMIES ARE…………….

  12. Bill G Wilmington, NC January 2, 2015 at 9:31 am

    The US derivative exposure is the guarantee that when the NWO people pull the plug the US will collapse into chaos requiring martial law. So simple to see….. but the USA populace still thinks we are in a recovery. The trap is set. I believe that the RAPTURE is first. SHALOM.

  13. Fishman January 2, 2015 at 9:35 am

    Great article. I am looking forward to you next article on this.

  14. Widetracker January 2, 2015 at 10:05 am

    Exodus ( http://jahtruth.net/kofkad.htm )
    22:25 If thou lend money to [any of] My people [that is] poor compared to thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury.
    25:36 Their knops and their branches shall be of the same: all it [shall be] one beaten work [of] pure gold.
    Leviticus 25:37 Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.
    Deuteronomy 23:19 Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury:
    23:20 Unto a stranger (foreigner – a non-Israelite) thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the “I AM” thy God may bless thee in all that thou settest thine hand to in the land where thou goest to possess it.

    Please read: “The Way home or face The Fire”.

    Malachi 4:1 For, behold, the Day cometh, that shall burn like an oven; and all the proud, yea, and all that do wickedly, shall be stubble: and the day that cometh shall burn them up, saith the “I AM” Lord of hosts, that it shall leave of them neither root nor branch (nothing).

  15. scooter January 2, 2015 at 10:07 am

    Few realize GOD actually has a book that SPEAKS to what is coming and CLEARLY predefined/prophesied of our current condition—the one Dave just outlined. If HE is that prescient then His promise of salvation or alternatively damnation are both true also—and time is running out to choose whom you will serve!


    Go now rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are moth eaten. Your GOLD and SILVER is cankered, and the rust of them shall be a witness against you, and shall consume your flesh like fire. You have heaped treasure together for the LAST DAYS.
    Behold the PAY (retained earnings) of the laborers who mowed your fields, and which has been withheld by you, cries out against you; and the outcry of those who did the harvesting (work) has reached the ears of the Lord of Sabbath.
    You have lived luxuriously on the earth and led a life of wonton pleasure: you have fattened your hearts in a day of slaughter (God help us through the breakdown).
    You have condemned and put to death the righteous man: he does not resist you. (Think unlawful statutes and disposition of the unwanted)
    Be patient, therefore, bretheren, until the coming of the Lord. Behold the farmer waits for the precious produce of the soil, being patient about it, until it gets the EARLY and LATE rains (think raptures mid and end of the final 7 years),
    You too be patient, strengthen your hearts, for the coming of the Lord is at hand”.
    Do not complain, bretheren, against one another, that your selves may be judged; behold, the Judge is standing right at the door”. (From James5:2-9)

    This is the message for us entrapped in the banker run USA/end times Babylon/Babel II/UN/NYC (Rev.18)—and all the world we’ve been a part of negatively effecting financially. Dave is spot on, delineating the problem, and the coming consequences. Get gold and silver in hand, not to pile up, but to retain and convey your stored assets, to use to help others in the years ahead. There are and will be martyrs, because the followers of Lucifer hate Jesus and messages like James5. But, this is a time of great spiritual opportunity—take advantage, billions need to know the true Lord and Savior. Eternity is forever—and close.

    May God bless you all in 2015 as we seek to do the right things that would please the Lord.

  16. Robbie41 January 2, 2015 at 11:10 am

    O.K. let me see If I have this bail-in subject correct. In the NEXT financial or oil derivatives disaster meltdown. Does this really mean that the large banking institutions, the bank sees it now as—- no longer YOUR MONEY.. But if I remember or read the document’s correctly, The bank’s have changed the rules again in their FAVOR & now are able to & will steal your Pentions, 401k’s, Retirement Account’s & your BANK ACCOUNT’S..The way I am understanding this bail-in, is ANYBODY that has OVER $250,000.00 in (any one givin account), is subject to have their money taken from them..I am Broke anyway’s, so if I have nothing to lose ,,you win..

  17. Izzy January 2, 2015 at 11:15 am

    When and not if they collapse everything, who is going to pay anyone anything? Do you think the Internet will be their for online banking? Oh that’s right they took your bank accounts and retirement and made a dollar worth a penny. So you going to pay someone that took your money??Who is brave enough to go collect the property and throw you out? You going to let them? I didn’t think so. If you are there that means you didn’t go to the fema camp for food or water.You didn’t need guberment help. Now you tell me you are going to do as your told, didn’t think so. And the bankers know this as this will start marshal law. If they have time they might send troops to repo your house, I don’t think so….
    No what they are going to do is go hide in their bunkers and wait it out till theirs no resistance left or so they have planed…So stop worrying about debit after the shtf because by then it will be us against them.

  18. […] Dave Hodges is the Editor and Host of The Common Sense Show. […]

  19. Ma Marshall January 2, 2015 at 12:00 pm

    Thank you for the simple and clear explanation of the derivatives and mortgage messes. I now really understand that there will be no happy ending. I also understand that some people (me, too) will never be able to pay off our important debts. Just don’t get into more debt to the extent that you can’t keep up payments on it. Get all that you can that is on your SHTF lists. But if it doesn’t happen next week, or month or year, you will be stuck paying on it. When the system breaks down, and I owe them money, they can fondly recall all the money they’ve made off me all my life. At that point, as far as I’m concerned, all bets are off.

  20. joe suday January 2, 2015 at 2:49 pm

    “steal from Caesar as he has stolen from you” approach. i often think of this constantly. I started out in life working long hours. giving my life to the slave system. making a pretty good paycheck.(1990’s) but found out how easy it was to live off the state and make cash on the side. is it immoral to “take back” what has been stolen??? (Tax money paid in to an evil system etc…) I’m serious Dave…would love an answer. we used to be on welfare. I cheated the system constantly to benefit me and my family. out of pride and an awakening we fervently got off of all assistance and now, like the rest of America, struggle daily to get by….it was DEFINITELY easier on the welfare dole. not only that, but we had so much more time to spend with each other and to enjoy life. i often think about going back. to cheating the system that is…as it stands now i have little resources to prep as i know i should. if we went back on assistance i could use all the cash i earn on the side to easily prep for the coming events. i see editors notes all the time and would love to have your opinion on this. for some reason i trust your judgment or at least have some sort of unnatural respect for someone i never have met, so please HELP ME!


  21. Fed Up January 2, 2015 at 3:19 pm

    WWJC? When Jesus comes back and you know he’ll have an interest in conducting a little bit of payback on the present day Money Changers, What Will Jesus Carry? Me thinks a stainless steel model 1911 would do just fine.

    I have been one of the working poor for the last 25 years. I’m in my 50’s now and I work paycheck to paycheck and will retire the day I die. 30 years ago I told everyone who would listen that Jesus is coming soon! I thought the signs of the day were clear… and I was so wrong. It is now very clear that all governments are run by Sons of Satan with Obama at the top of the list.

    My son now knows that 235 years ago, our Colonial Patriots warned their sons that revolution could happen and it will be ugly and heartbreaking. I’m sure those Patriots of old would have rather worked their farms or trades and be left alone to raise their families, but the tyrant King George would not back down. History is repeating itself once again. My young son is a better marksman than me. I don’t want a civil war, but I can’t see any way we can prevent it. All those Banksters who have committed “suicide” recently must have known our time is short.

  22. john January 2, 2015 at 3:43 pm

    I was at my local BOA on wed. and noticed that the sticker on the door for the FDIC was removed.

  23. bcfootball10 January 2, 2015 at 4:25 pm

    November 4, 2008 was election day, not the day the bailouts (TARP) was passed. That day was October 3, 2008. Just making sure we’re being thorough and accurate here.

  24. Useless Eater January 2, 2015 at 4:54 pm

    Even credit unions are affiliated with the Fed. In fact, who do you think will be the first to fail – the big banks or the smaller credit unions? They are eventually going to consolidate even all of the big banks into one, but I think that will only be after they consume ALL smaller banks and ALL credit unions first. Credit unions are not immune from the International Banking Cartel in any way whatsoever. If you think that just because they MIGHT NOT gamble on the derivatives or whatever, you are foolish to believe in them being safer than the big banks. Every bank account in the United States will be subject to the bail in (bankruptcy) and the lucky ones will be a few billionaires who are positioned with stock in the few big banks that do not fall in the next manufactured crash. My guess is Chase and GS are your safest bets – but only if you are a billionaire. Biggies like B of A and Citigroup, I would think, are next on the chopping block. If you are in a credit union, the advice should be exactly the same for those who are foolish enough to bank with the big banks – GET OUT NOW, AS QUIETLY AND QUICKLY AS POSSIBLE!:
    Inconsistent, unpatterned cash withdrawals of less-than-a-thousand-bucks at a time. Might as well buy things you need or want with it, too. Stuff you can always use, stuff you can always barter, stuff which will retain its value and stuff with high resale potential.

  25. Useless Eater January 2, 2015 at 5:07 pm

    Something for Joe Suday to consider:

    For every benefit or privilege you accept from the State, you lose a right or a freedom. In fact, the only right a US citizen has left is the right to choose. God gave you free will for a reason. Choose well. As for me and mine, I choose the Lord and His Law over man and his “laws.”

    Without God there is no law and without law I am nothing.
    -Useless Eater

  26. Truth Be Told 7 January 2, 2015 at 5:37 pm

    And that’s why Christ said render unto Cesar what is Cesar s ,because if you believe in Cesar s System you get what comes with it which is lies ,corruption ,thievery ,hopelessness ,shattered dreams ,illusions ,confusion,and Slavery.Dave if you owe debt are you allowed to leave the country? I heard they was doing that with Student Loans,

  27. […] The total value of all assets in the United States amounts to approximately $20 trillion dollars. How can the U.S. government guarantee triple the value of the U.S. economy as it did with Bank of America? The FDIC is insuring a house of cards that can only bankrupt the country. Does it now make sense why the FDIC sponsored a conference held in Britain along with the top banking officials from both Britain and the U.S. (e.g. Janet Yellen) in which they practiced how to respond to widespread banking failures? This activity took place on November 10, 2014 in London…..More Here […]

  28. […] by Dave Hodges, The Common Sense Show: […]

  29. […] by Dave Hodges, The Common Sense Show: […]

  30. […] I have spent the past week illustrating how a coming economic collapse is unavoidable and how the elite have conspired to steal as many of your assets as possible prior to the collapse. This article presents  some common sense things one can do which could increase the chances of surviving a major societal meltdown resulting from an economic collapse. If you have any doubts as to what is coming, I strongly encourage you to read what I have written about on this topic over the past 7 weeks. Ray Charles could see that our economy will  not be around much longer in its present form. You can read these stories here, here, here, here, here, here, here, here, here and here, […]

  31. Cannuck21 January 3, 2015 at 12:39 pm

    Excellent article. Many thanks for this. It would be interesting to read in more detail as to what realisticoptions that ordinary people have in surviving in the near future.
    PS. I know of one very large Canadian bank and an investment house that is currently advising clients to re mortgage their homes, even borrow to release funds to invest in the equity market. Dreadful.

  32. […] I have spent the past week illustrating how a coming economic collapse is unavoidable and how the elite have conspired to steal as many of your assets as possible prior to the collapse. This article presents  some common sense things one can do which could increase the chances of surviving a major societal meltdown resulting from an economic collapse. If you have any doubts as to what is coming, I strongly encourage you to read what I have written about on this topic over the past 7 weeks. Ray Charles could see that our economy will  not be around much longer in its present form. Your can read these stories here, here, here, here, here, here, here, here, here, here and here, […]

  33. wkchild January 4, 2015 at 1:41 pm

    Hi Dave, very informative series, thank you for all you do

  34. […] The Common Sense Show, by Dave […]

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