Depression Knowledge

1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

2. With the realization that the Federal Reserve has been pumping two billion US Dollars a day into the economy in a forlorn effort to try to keep the US afloat, the US is now construed as ‘the poor kid on the block’, the ‘bankrupt of the world’ and nobody is prepared to lend them anything. Foreign governments have said ‘We will no longer take your bonds’.

3. This situation has a worldwide repercussion: for example China, which is the biggest US creditor, has told US importers that they may not pay more then 20% of the total cost of their goods in US Dollars.

4. Also since the beginning of July, Germany has announced that it will no longer accept Euros from eight of their fellow EU members, the two countries with which they are most concerned being Italy and Spain

5. The Real Estate market is expected to go down by an additional 50% from its value on 16th August. Because of the collapse of the Real Estate market, which is expected to lead to at least a further two million foreclosures within the next 12 months, US Banks are no longer prepared to trust each other, so inter-bank lending has virtually ceased.

6. This has had a knock-on effect on would-be house purchasers.like the old days, anyone who now wants to get a mortgage has to put 20% down and to satisfy the lender that their job is secure.

7. You may have seen Bush go on television to tell everyone not to worry as the US Government-sponsored Federal Deposit Insurance Corporation (FDIC) will guarantee the safety of their bank deposits. However, the truth is that the FDIC can barely raise 30 cents on the dollar to cover its potential liabilities; and Bank of America and Wells Fargo are in a similar situation.

8. Banks have already started telling their depositors that they cannot withdraw their own cash.

9. It is universally accepted internationally that the US Dollar is going to collapse by the end of September 2008. Some foreign banks have already started to refuse to take US deposits and, since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a ‘terrorist’ or a ‘drug dealer’ and confiscate it.

10. The Bank of South America is trying to organize its own currency for use within the South American continent when the US Dollar finally crashes, based on an initial provision of eight billion dollars.

11. As at July 1st, the Japanese stock market was down 12%, the Australian stock market was down 18%, the German stock market was down 22%, the Indian stock market was down 36%; and China’s Shanghai Exchange was down 50%.

12. Within the next year, the DOW is expected to fall to between 7500 and 8000.

13. Everyone is now desperately trying to get liquid; and Oil, Gold and Drugs have become the universally accepted world currencies.

14. The only sensible advice is either to change dollars into other currencies, or buy gold and silver (while you still can, because the US is likely to make it illegal to own gold); and stock up on canned food, the price of which is going to go through the roof. Already the major canners have reduced the size of cans by 20% to preserve stock whilst also maximizing their profits.

Depression Issues