Economists Predicting Doom: Another Financial Crisis on the Way
The report warns that the country is now immersed in a “doomsday cycle” wherein banks use borrowed money to take massive risks in an attempt to pay big dividends to shareholders and big bonuses to management – and when the risks go wrong, the banks receive taxpayer bailouts from the government.
“Risk-taking at banks,” the report cautions, “will soon be larger than ever.”
Pretending We Are Not in a Depression
Assuming you accept the truth – that this mess was 20 year or more in the making, that it involved creating credit (that is, debt) which the debtor could never pay, and that it still exists because our government policy has been to extend, pretend and allow lies that should be considered accounting fraud and result in prison sentences, then you’re on the right page to understand the rest of this missive. Again, if not, go check your Thorazine dosage.
Greenspan: “By far, the greatest financial crisis, globally, ever”
“It’s really an extraordinarily unbalanced system because we’re dealing with small businesses who are doing badly, small banks in trouble, and of course there is an extraordinarily large proportion of the unemployed in this country who have been out of work for more than six months and many more than a year,” said Greenspan, who headed the Fed from 1987 to 2006.
CITIGROUP WARNING: Reserves Right To Require 7 Days Advance Notice For Withdrawals
Citigroup Warning: Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts
Frustrated Owner Bulldozes Home Ahead Of Foreclosure
The Moscow man used a bulldozer two weeks ago to level the home he’d built, and the sprawling country home is now rubble, buried under a coating of snow.”As far as what the bank is going to get, I plan on giving them back what was on this hill exactly (as) it was,” Hoskins said. “I brought it out of the ground and I plan on putting it back in the ground.”Hoskins’ business in Amelia is scheduled to go up for auction on March 2, and he told Fuller he’s considering leveling that building, too.RiverHills Bank declined to comment on the situation, but Hoskins said his actions were intended to send a message.”Well, to probably make banks think twice before they try to take someone’s home, and if they are going to take it wrongly, the end result will be them tearing their house down like I did mine,” Hoskins said.
SHOCK DOCUMENT: Texas Plane Crash Suspect’s Online Manifesto
Posting rages at IRS, claims, “I have had all I can stand”. The man suspected of intentionally crashing an airplane into a Texas office building today appears to have posted a lengthy online diatribe attacking the Internal Revenue Service and declaring that, “I know I’m hardly the first one to decide I have had all I can stand.”
US Government Refuses To Forewarn Its Citizens
by Peter Santilli
If you pay close enough attention, you’ll notice a few alarming trends:
1) Investment money is leaving the United States.
2) Jobs are departing the “land of opportunity”
3) Popular, career politicians are retiring
4) Consumer & government debt is unmanageable
5) US currency has become worthless
If you tie each of the above 5 trends together; it spells [...]
Lawmaker Seeks to Ban Federal Currency
South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.
Drowning In Debt: Economists Predict Cutbacks, Tax Increases That ‘Aren’t Even Imaginable’
American political and economic leaders have sounded the alarm for years about the red ink rising in reports on the federal government’s fiscal health.
But now the problem of mounting national debt is worse than it ever has been before with — potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson-Pew Commission on Budget Reform.
Ron Paul Warns Of Coming “Social And Political Chaos”
Steve Watson
Infowars.net
Friday, Jan 22, 2010
Texas Congressman Ron Paul has delivered a riveting “State of The Republic” address on his Campaign for Liberty website, orating his thoughts on where the U.S. stands as a nation and what the future holds.
Paul warns that if the country continues along the course it is on, we will witness a [...]
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