If you are still smarting from the economic collapse in 2008, you’d better buckle your seat belt Dorothy, because Economic Armageddon is coming and the MSM (main stream media) is not talking about it.

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
Civil Unrest
Martial Law
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.

The problem is since 1864 we’ve had a debt based banking system. All our money is based on government debt. We cannot extinguish government debt without extinguishing our money supply. That’s why talk of paying off the national debt without reforming our banking system is an impossibility. That’s why the solution does not lie in discussing the size of the national debt rather it lies in reforming our banking system.

well what we’re about to show you is that there’s nothing federal about the Federal Reserve and there are no reserves. The name is a deception created back before the Federal Reserve Act was passed, in 1913, to make Americans think that America’s central bank operates in the public’s interest. The truth is that the Federal Reserve is a private bank owned by private stockholders and run purely for their private profit.

The Federal Reserve really, even though it is not part of the federal government, it is more powerful than the federal government. It’s more powerful than the president, the congress, and the courts. Now a lot of people challenge me on that but let me prove my case. The Federal Reserve determines what the average persons’ car payment is going to be… what their house payment is going to be, and whether they have a job or not and I submit to you that’s total control. And the fed is the largest single creditor of the United States government. …The borrower is servant to the lender…

When his son Mayer Amschel Bauer inherited the business, he decided to change his name to Rothschild. Amschel soon learned that loaning money to governments and kings was more profitable than loaning to private individuals. Not only were the loans bigger, but they were secured by the nations taxes.

By cooperating within the family the Rothschilds soon grew unbelievably wealthy. By the mid 1800s they dominated European banking and were certainly the wealthiest family in the world. They financed Cecil Rhodes making it possible for him to establish a monopoly over the diamond and gold fields of South Africa. In American they financed the Harrimans and railroads. The Vanderbilts and railroads and the press. And, Carnegie and the steel industry among many others.

“The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination of the world.” –Otto Von Bismark

Lincoln understood who was really pulling the strings and what was at stake for the American people. This is how he explained his rationale.

“The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers… The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the government’s greatest creative opportunity…
By the adoption of these principles the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” –Abraham Lincoln

If that mischievous financial policy, which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without a debt.

It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.

…claimed that Lincoln was assassinated , not only because international bankers wanted to reestablish a central bank in America, but because they also wanted to base America’s currency on gold. Gold they controlled. In other words, put America on a gold standard. Lincoln had done just the opposite by issuing U.S. notes. Greenbacks, which were based purely on the good faith and the credit of the United States…

They were the men interested in the establishment of the gold standard money system and the right of the bankers to manage the currency and credit of every nation in the world. With Lincoln out of the way they were able to proceed with it in the United States. Within eight years after Lincoln’s assassination silver was demonetized and the Gold Standard money system set up in the United States.

3 years later American the people elected republican James Garfield president. Garfield understood how the economy was being manipulated. As a congressman, he had been chairman of the Appropriations Committee and was a member of Banking and Currency. After his inauguration he slammed the money changers publicly in 1881.

Whosoever controls the volume of money in any country is absolute master of all industry and commerce… And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

Unfortunately, within a few weeks of making this statement
on July 2nd of 1881, he was assassinated.

“After WWI, Germany fell into the hands of the German international bankers. Those bankers bought her and they now own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities. The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission… Through the Federal Reserve Board… over $30 billions of American money… has been pumped into Germany… You have all heard of the spending that has taken place in Germany… Modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to German through the Federal Reserve Board. The Federal Reserve Board… has pumped so many billions of dollars into Germany that they dare not name the total.” – Rep. Louis T. McFadden (D-PA)

At first Roosevelt railed against the money changers as being the cause of the depression. Believe it or not, this is what he said on March 4th 1933 in his inaugural address.

“Practices of the unscrupulous money changers stand indicted in the court of public opinion rejected by the hearts and minds of men… the money changers have fled from their high seats of the temple of our civilization.” –Franklin D Roosevelt March 4th 1933 in his inaugural address

But, 2 days later Roosevelt declared a bank holiday and closed all banks. Later that years Roosevelt outlawed private ownership of all gold bullion and all gold coins with the exception of rare coins. Most of the gold in the hands of the average American was in the form of gold coins. The new decree was in effect a confiscation. Those who didn’t apply risked as much as 10 years in prison and a $10,000 fine; the equivalent of $100,000 today. Out in small town America some people didn’t trust Roosevelt’s order. Many were torn between keeping their hard earned wealth, or obeying the government. Those who did turn in their gold were paid the official price for it; $20.66 per ounce. So unpopular was the confiscation order, that no one anywhere in government would take credit for authoring it. No congressmen claimed it. At the signing ceremony President Roosevelt made it clear to all who was present that he was not the author of it and publicly stated that he had never read it. Even the Secretary of the Treasury said that he’d never read it either saying it was quote ‘what the experts wanted’. Roosevelt convinced the public to give up their gold by saying that pooling America’s resources was necessary to get America out of the depression. With great fan fair he ordered a new bullion depository, built to hold the mountain of gold the U.S. government was illegally confiscating. By 1936, the U.S. bullion depository at Fort Knox was completed. And in January 6th 1937 the gold began to flow into it.
THE RIPOFF OF THE AGES WAS ABOUT TO PROCEED.
In 1935, once the gold had all been turned in, the official price of gold was suddenly raised to $35 per ounce. But the catch was only foreigners could sell their gold at the new higher price. The money changers, who had heeded Warburg’s note and gotten out of the stock market just before the crash and bought gold at $20.66 per ounce, then shifted to London could now bring it back and sell it back to the government nearly doubling their money while the average American starved.