Get ready for the price of gold to soar after this type of story in mainstream! John Williams discusses a coming financial depression. Many financial experts outside of mainstream has spoken about an economic collapse for years; such as Bob Chapman from http://theinternationalforecaster.com/
The percentage of elected officials saying their community has experienced the following over the past year:
Increase in foreclosures: 62%
Increase in need for temporary assistance: 53%
Decrease in city revenue: 33%
Increase in abandoned/vacant properties: 33%
Increase in homelessness: 22%
Source: National League of Cities’ Insta-Poll of 1,240 local officials, based on 211 responses
It will only get worse, but they’ve already have a plan for you. You’ll be introduced to a regional currency ‘Amero’ then eventually a global currency. Hey, I’m not a prophet, I just read what they speak of. Sadly, many of you will fall to the deception because of your coming economic demise. Unfortunately, It shouldn’t have come to this, but many of you are slaves to group blaming. (Republican vs. democrat, conservative vs. liberal, etc)
The End of National Currency
http://www.foreignaffairs.org/20070501faessay86308-p0/benn-steil/the-end-of-national-currency.html
Washington Post: time to ditch the dollar for new currency
http://www.washingtonpost.com/wp-dyn…d=opinionsbox1
The CFR, Robert Pastor and the NAU
http://www.informationliberation.com/?id=22156
Problem, reaction then solution.
“Being ahead of the masses in your observations of economic trends is no way to win a popularity contest. If you’re 30 days ahead of the masses, you’re considered a genius; but if you’re two years ahead, you’re considered insane. It makes me wonder about the experiences of historical geniuses like Nikola Tesla, since they were at least a hundred years ahead in their understanding of science.” -Mike Adams
Please explore these articles:
FDIC Girds For Bank Failures & The FDIC Will Seek to Rehire 25 of It’s Own Retired Members, Many of Whom Specialized in Bank Closings.
http://www.thestreet.com/print/story/10405078.html
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080226/REG/802566081
Wall Street Bank Run
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/20/AR2008022002270.html
US Properties Plunge Into Negative Equity Than At Any Time Since The Great Depression Of The 30’s http://www.guardian.co.uk/business/2008/feb/24/useconomy.property
U.S. Credit Markets Collapsing!
http://hosted.ap.org/dynamic/stories/E/ECONOMY?SITE=RIPAW&SECTION=HOME&TEMPLATE=DEFAULT
America’s Economy Risks the Mother of All Meltdowns
http://news.yahoo.com/s/ft/20080219/bs_ft/fto021920081334359078;_ylt=AozoX8V3CwKFRV6c_RfR1f0E1vAI
U.S. Mortgage Crisis Spreads Past Subprime Loans!
http://www.iht.com/articles/2008/02/12/business/12credit.php
Dozens of U.S. Banks Will Fail by 2010
http://www.canada.com/ottawacitizen/news/business/story.html?id=db0041ae-fa25-43a2-b472-f8fbb851a367&k=53982
Wealthy Investor Jim Rogers Warns About Economy, ‘It’s Going To Be Much Worse’
http://money.cnn.com/2008/01/30/news/international/okeefe_rogers.fortune/index.htm?postversion=2008013103
Crisis may make 1929 look a ‘walk in the park’
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml
World Economic Situation Serious - IMF
http://news.smh.com.au/world-economic-situation-serious–imf/20080122-1nb5.html
Full global impact phase of the Very Great US Depression
http://www.leap2020.eu/GEAB-N-21-is-available!-2008-Full-global-impact-phase-of-the-Very-Great-US-Depression_a1195.html?PHPSESSID=19b48b7e8afe63571c0428c0d77c311e
“If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too.” -Somerset Maugham
Derivatives the new ‘ticking bomb’
http://www.marketwatch.com/news/story/derivatives-new-ticking-time-bomb/story.aspx?guid=%7bB9E54A5D-4796-4D0D-AC9E-D9124B59D436%7d&print=true&dist=printTop
Depression Help
23 responses so far ↓
1 DTrplt59 // Oct 1, 2008 at 11:18 pm
St true couldn’t have said it better myself.
2 dragonopp // Oct 3, 2008 at 2:58 am
dont think mccain would give a crap cause bush made it bad and mccain will make it wrost and make it game over
3 BillGrates // Oct 4, 2008 at 5:55 pm
I like Obama, that’s why I don’t want him to win. Whoever wins will be blamed for the sewage that will ooze up from all the Bush policies. I’d rather see McCain stuck holding the bag.
4 plutoohno // Oct 6, 2008 at 8:27 am
time to start a new labor movement?!
5 Thatbritishlad1 // Oct 9, 2008 at 4:18 pm
your not in depression yet. you will only be in depression when the government tries to repay the dept then you will be struggling for money and so will most european counrtys as USA Britian and japan control the world economy
6 peterthesongman // Oct 10, 2008 at 9:33 am
ha ha thats true but change is in the air, restructuring of some kind. too long banks have controlled the economy. gonna change
7 smashsamus // Oct 14, 2008 at 10:13 am
thats prety damn true..Hhmmm.
8 KingOrmond // Oct 16, 2008 at 7:18 am
Great Depression I 1929-1935 (Stock Crash)
Great Depression II 2009-2010 (Oil Monster)
9 enj01l1f3 // Oct 19, 2008 at 1:09 pm
I’m in the midst of producing a documentary about this very issue. I just took a bus to Boston, and shot an interview with Dr. Friedman, the Professor of Economics at Harvard University, and he was surprisingly reassuring. There is no doubt the economy is bad, but I certainly think the news is milking it for all it’s worth. With a new president comes new ideas, but in a roundabout way of things, it’s up to the people to make wise investments and be froogle.
10 louis12346 // Oct 21, 2008 at 12:25 am
This week was a typical puff-the-fluff extravaganza as the PPT pumped up the stock markets, fitting them with shock absorbers during the first half of the week to buffer the horrendous news that would arrive in the latter half of the week. So much for free markets. Let’s hear it for Hitler, Mussolini and their corporatist, fascist dreams, which they used to power the holocaust, which will now be repeated in our time as the “useless eaters” are eliminated.
11 louis12346 // Oct 24, 2008 at 1:57 am
911/anthrax scares, torture, outing agents names, killing world leaders, suiciding enemies, allowing Pharma to run wild, bogus scares on our human and pet food supplies,, privatizing our military to hired criminals, selling state secrets to the highest bidder, stealing pension funds from Freddie Mac, adding $10 Trillion to our deficit……the mortgage crisis real estate fraud of Savings & Loan under Bush senior. staged, orchestrated, conspired lie. Just another drop in the Big Lie bucket.
12 iteslabot // Oct 27, 2008 at 3:38 am
have you considered your rights disappearing? Watch Zeitgeist:federal reserve
13 pholland // Oct 28, 2008 at 10:07 am
Something tells me CNN won’t be running these doom and gloom stories once Obama is in the White House. In the 1930s, people waited in long lines to buy bread. Today, they wait in long lines to drop $500 on the newest iphone. Some nasty depression this is.
14 narbundi // Oct 30, 2008 at 6:54 pm
Gotta say we are in danger of talking ourselves into recession. Personally my online business goes from strength to strength.
15 HLMSR // Nov 2, 2008 at 11:07 pm
You are perfectly right. Who ever steps in as president of the US will win this bad bet waiting for him. Economists are predicting that solving the economic crisis is so challengin that it can’t be solved in a short term. Furthermore any trial of solving the crisis will be so painful that Elected presedints will not vernture in this at least at a fullblown scale and in the first term.
Surely, the next president will serve as an escapegoat for Bushes sleazy policies and so called war on terror.
16 888cliff // Nov 4, 2008 at 2:23 am
I am a psychic and I had a dream where I was walking in a city in the united states and it was a ghost town with no people shopping on the streets. I am afraid the worst is yet to come.
17 vasiliosrigos // Nov 7, 2008 at 8:37 am
RECESSION ,DEPRESSION, ARE YOU KIDDING.THE WHOLE US ECONOMY COULD COLLAPSE ANY DAY. IFF CHINA DECIDED TO CASH IN THE T BILLS THEY HOLD ARE MONEY WOULD BECOME WORTHLESS. tHE ONLY REASON WERE NOT IN A DEPRESSION RIGHT NOW IS BECAUSE WE JUST KEEP PRINTING DOLLARS TO KEEP ALL THE FINACIAL INSTITUTIONS OPEN. iF PEOPLE UNDERSTOOD WHAT WAS GOING ON THEY BE RUNNING TO GET THERE DOLLAR FROM THESE BANKS AND OTHER WALL STREET FIRMS. bUY THE EURO WHILE YOU STILL CAN.TEN TRILLION DOLLARS IN DEBT , WERE DONE
18 danger0usknowledge // Nov 9, 2008 at 3:41 pm
Obama is stepping right into the trap
set by Bush. Ppl will forget that it was
Bush that printed all the money to
save Franny and Freddy. Once the
republican propaganda machine gets
going they will be relentless.
Beck, Limbaugh, Hewett, Coke Roberts,
NPR, WSJ, WS, TNR, Fox News, Fox Business,
Kudlow, O’Reilly, Steve Deuchbag,
Blitzer, *ucker Carlson, Joe Scar,
Mike Smear. We have the blogs, big deal.
If Bush kills OBL before Nov. McCain
will win & no one will say a word,
just like now.
19 justmom66 // Nov 9, 2008 at 5:59 pm
We live in a society when fear is used to control you. Break the cycle stop being afraid of each other and everything that goes BOO. Main stream media is always and will always be full of crap.
20 justmom66 // Nov 12, 2008 at 5:25 pm
Neither Obomba & Mc Cain are remotely good choices for office and anyone with a brain knows this. However we can not all run around in OMG OMG freaked out mode scared to death. What we all need to do? Id think logically and prepare for whatever maybe headed our way. Fear and irrational behavior is NEVER the solution for ANYTHING. Use your common sense!
21 louis12346 // Nov 15, 2008 at 10:56 pm
Yes we need to commit to Obomba & Mc Cain one world Globalism World Bank one curancy cashless,no more nation we will then have no enemy,except you the common citizen
22 justmom66 // Nov 16, 2008 at 1:03 pm
Christ people need to stop freaking out so much. Nothing wrong with being prepared, but there is a level you reach that is called paranoid and non-logical in thought. Any idiot can see we are in a state of decline and need to take steps to buffer for that. Honestly only the wealthy need to freak over stocks and bonds. The rest of us? Need to just be prepared and think logically. There is no shortage of fear mongers.
23 spazmonkey2 // Nov 19, 2008 at 9:38 pm
everytime you ********** god kills a kitten
please, think of the kittens
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