A handful of patriots are voicing the issue, but no one is listening.
There are events unfolding and some yet to unfold that will leave you wondering how you are going to survive.
The mortgage problem, the unemployment problem, the shipping problem, the Afghanistan surge problem, etc.
A Perfect storm is brewing and nobody seems to care.
Add to it, the Biden, Powell, et. al. prophetic words of an impending or potential (almost certain) “terrorist” attack and you’ve got a complete and total Collapse (with a capital C) of the economy.
We’re talking destitute Americans in the streets. No money, no food, no homes, no employment…
California which represents 1/3 of the US GDP is talking about issuing I.O.U.’s. Imagine calling your bank and saying, hey, all I have this IOU from the state, can I pay my mortgage with it?
I’m trying to connect the dots, but you need to read the information.
Hopefully you will arrive at the same conclusion before it’s too late.
Shipping rates hit zero as trade sinks
“Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October…It has spread to core trade of finished industrial goods, the lifeblood of the wold economy.” Telegraph.co.uk Jan. 15, 2009
“A report by ING yesterday said shipping activity at US ports has suddenly dived. Outbound traffic from Long Beach and Los Angeles, America’s two top ports, has fallen by 18pc year-on-year, a far more serious decline than anything seen in recent recessions.
‘This is no regular cycle slowdown, but a complete collapse in foreign demand,’ said Lindsay Coburn, ING’s trade consultant.” Telegraph.co.uk Jan. 15, 2009
If that doesn’t make you shudder, then I suggest you go back to watching American Idol, or whatever mundane task you were doing, because you just don’t get it.
It means goods are not being shipped, think empty store shelves, because that’s what is next.
Adjustable Rate Mortgage Loans
“According to Huxley Somerville, a director at Fitch Ratings, $29 billion of these loans will reset by the end of 2009 and another $67 billion in 2010. The drastic increases anticipated on each loan are expected to cause delinquencies to more than double.” Motley Fool
The Coming Tsunami
The Mortgage problems are not over yet. If “Revelation” of the Subprime mess shook the Dow from 13,028 in June to a bottom of 7,552 on Nov. 20, 2008, what kind of effect can we expect from the ARM, ALT A, Agency loans that will start resetting in 2009?
Citi exposed to $60 billion in subprime loans – may need more cash.
“I would argue that the $18.3 billion in Alt-A loans are just as suspect and dangerous to the company as the subprime loans. While many subprime loans are made to homeowners with bad credit, the Alt-A loans were made to specuvestors with little or no documentation that will be unable to afford the new mortgage payments when these Alt-A loans reset or recast in the near future.” Huliq News
And that’s just Citibank. When are Fannie & Freddie, Bank of America, Wells Fargo and others going to announce?
What about the Investment Banks that are still stuck with these loans? What about the US Government who took out interests in Fannie, Freddie and others in the bailout, or as I like to call it, the “sellout” (as in, “of America”)
And NONE of this includes commercial properties/loans. Not one word from anyone, except one person and I can’t find his information.
How much exposure do the American People have in the Commercial market? No one knows.
Unemployment at 16-year high
In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points. Bureau of labor statistics.
Add to that, the Federal Reserve’s audacity to deny disclosure of nearly $2 Trillion dollars. As determined by the court, and I’m paraphrasing, that (bold) We the People are not party to what the Federal Reserve (a private corporation) does with its money.
Suddenly, conspiracy theories start to play themselves out…
North American Union
One World Government…
Sadly, I do not have a solution. I do however subscribe to the ideas that Peter Schiff and Ron Paul and other brave patriots have stated.
*Let the economy fix itself
*Stop printing money
*Let’s return to the Gold Standard
*Merge the Fed with Treasury (an Actual Government Entity)
You’d better be ready. Start preparing and don’t get caught in the downdraft.
The fact that shipping hit Zero in Europe means you’d better start stocking up on essentials.
We conspiracists have been telling you for months.
These are my opinions.
New York, New Jersey, Michigan, MA, TN, and many other states are depleting or have depleted Unemployment funds.
States are asking the Federal Gov for a Bailout. ($1 Trillion)
Obama asked for $875 BILLION plus the $300 Billion from TARP.
“The president-elect would devote 40% of the $775 billion to give taxpayers a break, but his party is urging him to put more into roads, bridges and other projects.” L.A. Times
That’s right, Democrats don’t want you to have tax breaks, they want to give it to big companies and government to “build” our infrastructure. You know, eh hmm, their friends.
Any guesses as to who might get a lion share of the contract (s)?
Halliburton and KBR
Halliburton announced that it would relocated it’s Texas based World Headquarters from Texas to Dubai. It will still maintain a corporate US office in Texas, but the CEO is moving UAE. (ABC news 03/11/2007)
Halliburton is no longer an American company, but they will probably get the contract, along with KBR.
The Federal Reserve is Printing More Money, thereby increasing Our National Debt. If you add up all debts and liabilities, it adds to about $53 Trillion (look it up).
Yet, Executives are getting Bonuses
And Nobody is disclosing where the money is.
* AIG ‘Retention Pay’ Rises to $619 Million
* Detroit CEOs to Get $1 Per Year? Not Quite. (see story)——>
* Morgan Stanley, which has received no less than $10 billion in bailout funds, paid out $2 billion in bonuses this year, according to The New York Times.
* Goldman Sachs, another beneficiary of billions in TARP funds, reportedly rewarded some employees with $200,000 cash bonuses.
* Members of the US Congress started 2009 with a 2.8 cost of living increase ($4,700 for 535 members) which amounts to about $2.5 Million.
” ‘ All 2.7 million federal employees receive a cost of living adjustment most years, which this year has been set at 2.8 percent for members of Congress and other senior federal officials, and 3.9 percent for rank-and-file employees,’ said Congressman Mike Thompson.” Lake County News
Bank of America just got a $25 Billion infusion, on top of the $15B from October. But they still plan on FIRING 35,000 employees.
BA stock went from $38 on Oct. 1, 2008 to $7 as of Jan. 16, 2009.
Do you remember the Secret FISA meeting from Mar. 13, 2008?
What was discussed?
There are several videos, but here is the list:
1. The Imminent Collapse of the US Economy to occur sometime in Late 2008.
2. The Imminent Collapse of the US Government Finances to occur sometime in Mid 2009.
3. The Imminent possibility of Civil War inside the US as a result of the collapse.
4. The Advance Roundups of insurgent US Citizens who are likely to move against the Government.
5. The Detention of those rounded up at Rex84 camps constructed throughout the US.
6. The possibility of public retaliation against members of congress for the collapse.
7. The Location of safe facilities for members of congress and their families to reside during this massive civil unrest.
8. The Necessary and unavoidable merger of the United States with Canada and Mexico establishing the North American Union.
9. The issuance of a new currency called the Amero for all three nations as an economic solution.
Economic Collapse 2.0
Economic Collapse 2 0 – Change is Coming – Part 2
Economic Collapse 2.0 – The Lies Unfolding – Part 3
Economic Collapse 2.0 – North American Union – Part 4
Economic Collapse 2.0 – Endgame – Part 5
Economic Collapse 2.0 – 2009 Stimulus Package – Part 6
Economic Collapse 2.0 – The Matrix Unraveling – Part 7
Economic Collapse 2.0 – Unplug the Matrix – Part 8
Economic Collapse 2 0 – PBS Interview – William Black – Part 9
Economic Collapse 2.0 – The Coming Food Crisis – Part 10