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Collapse of U.S. Economy Imminent  

 
 
Reply Sat 28 Jan, 2006 05:17 pm
Collapse of U.S. Economy Imminent  
 
reposted of notepad  
 
In its attempt to establish a world empire dominating every nation on the planet, the U.S. has exhausted its ability to finance the expansion and the country now faces imminent financial collapse. From all indications, it looks like 2006 will spell the end for America.
 
Consider these five important points:
 
Point #1 The U.S., Great Britain and Israel are preparing to attack Iran. As it appears the main reason for invading Iraq was to stop it from selling oil in Euros, likewise Iran has plans to dump the dollar come March 2006.
 
Point #2 U.S. Treasury Secretary John Snow issued a warning recently that the U.S. Government is on the verge of collapse - as the statutory debt limit imposed by Congress of $8.184 trillion dollars would be reached in mid-February - the government would then be unable to continue its normal operations. Considering the current total U.S. debt stands at $8.162 trillion dollars, once the official debt ceiling ($8.184 trillion) is reached, the U.S. government's credit abroad (its borrowing power) is gone. Those countries (mainly China) who presently keep America afloat by holding U.S. Treasury Notes, will most likely no longer continue doing so.
 
Point #3 Bank Of America and Compass Bank managers (probably all other U.S. banks too) have been instructing their employees in the last few weeks on how to respond to customer demands in the event of a collapse of the U.S. economy - specifically telling the employees that only agents from the Department Of Homeland Security will have authority to decide what belongings customers may have from their safe deposit boxes - and that precious metals and other valuables will not be released to U.S. citizens. The bank employees have been strictly prohibited from revealing the banks' new "guidelines" to anyone. (however, employees have been talking to friends and family)
 
The next time you visit your bank, ask them about it - then ask yourself, why is this information being kept secret from customers and the public - what's really going on?
 
Point #4 FEMA has activated and is currently staffing its vast network of empty internment camps with armed military personnel - unknown to most Americans, these large federal facilities are strategically positioned across the U.S. landscape to "manage" the population in the event of a "terrorist" attack, a civilian uprising, large-scale dissent ,or an insurrection against the government. Some of these razor-wired facilities have the capacity of detaining a million people.
 
Point #5 The Patriot Act and the US Senate's vote to ban habeas corpus (Nov 14th) - along with George W. Bush having signed executive orders giving him sole authority to impose martial law, suspend habeas corpus and ignore the Posse Comitatus Act, have together pretty much destroyed any notions of freedom and justice for Americans.
 
Summary: The U.S. economy is broken, the United States is bankrupt - the unchecked spending by this administration, the illegally waged wars against Afghanistan and Iraq, the cost of unprecedented weapons and military build-up - have all contributed to an irreversible emergency which is threatening our nation's existence and our very lives.
 
Hospitals are closing, major corporations are declaring bankruptcy and/or moving their companies overseas, the monopolized news media spews nothing but lies, and our fearless leaders have turned out to be only ruthless criminals hell-bent on destabilizing our country and robbing us all.
 
Be aware - we stand at the threshold of total ruin - the international bankers and war profiteers care little for our lives and families - these demons worship money and all things vile and evil - they have very much to gain from war, misery, disease, famine, chaos and death (our deaths).
 
We are right on the edge - the Treasury is already overextended - the U.S. government cannot (and will not) care for its own citizens' needs, nor secure our borders against illegal aliens - plus, the whole "terrorist" thing is a cruel hoax perpetrated against a trusting citizenry - and only designed to instill fear and garner support for the genocide taking place in Iraq.
 
Should America (along with British & Israeli forces) launch a war against Iran, or another country, without yet paying for, or even recovering from the current losses in Iraq and elsewhere - the costs of such of an invasion will overwhelm an already crippled economy and push the U.S. over the edge into oblivion.
 
Question: Considering the U.S. Treasury Notes that China currently holds (which keeps the U.S. economy going)...
 
Do you think China will continue to support a country's economy (the U.S.) whose military launches a nuclear strike against its neighbor (Iran) - thus delivering a blanket of radioactive fallout over western Chinese provinces - killing hundreds of thousands, if not millions of its citizens?
 
I think not.
 
Factoring in the aforementioned points of "preparation" engineered by U.S. authorities, I'd say there's a stinking rat in the woodpile ...can you smell it too?
 
Source: http://bellaciao.org/en/article.php3?id_article=9995
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Type: Discussion • Score: 0 • Views: 1,389 • Replies: 29
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gustavratzenhofer
 
  1  
Reply Sat 28 Jan, 2006 05:19 pm
We still have money?
0 Replies
 
dyslexia
 
  1  
Reply Sat 28 Jan, 2006 05:35 pm
I gave all my cash to P.E.T.A.
0 Replies
 
LionTamerX
 
  1  
Reply Sat 28 Jan, 2006 05:37 pm
I'm packing my bags and moving to the moon.
0 Replies
 
jespah
 
  1  
Reply Sat 28 Jan, 2006 05:39 pm
Which moon?
0 Replies
 
LionTamerX
 
  1  
Reply Sat 28 Jan, 2006 05:42 pm
The one made of cheese, silly...
0 Replies
 
Acquiunk
 
  1  
Reply Sat 28 Jan, 2006 05:44 pm
I'm exchanging all my money for poker chips, subway tokens, and bubble gum cards; can't be too prepared in this situation.
0 Replies
 
McGentrix
 
  1  
Reply Sat 28 Jan, 2006 05:46 pm
I invested heavily in Haliburton figuring they were guaranteed to pick up the wreckage after the collapse.
0 Replies
 
tommrr
 
  1  
Reply Sat 28 Jan, 2006 06:30 pm
Figures...my stocks were just making a good comeback
0 Replies
 
OCCOM BILL
 
  1  
Reply Sat 28 Jan, 2006 06:31 pm
Anybody know the trading symbol for "Foil Hats Unlimited, Inc.?
0 Replies
 
tommrr
 
  1  
Reply Sat 28 Jan, 2006 06:32 pm
FHUI of course
0 Replies
 
rodeman
 
  1  
Reply Sun 29 Jan, 2006 10:15 am
OCCOM BILL

That's too funny.................

"The sky is falling"
0 Replies
 
Anon-Voter
 
  1  
Reply Sun 29 Jan, 2006 10:43 am
The one amazing accomplishment of the Bush Administration has been the ability to keep the interest rates at an unrealistic low rate. This has enabled the construction sector to build more homes over the last five years than ever before in history. It's been an unbelievable ride that has been a haven for investors and home buyers.

Problem now is that those unrealistic rates are now increasing, and not only will that cool the building trend, home prices have already been either leveling off, or actually decreasing. I thought this would actually happen a long time ago, but happily for us who own huge amounts of real estate, it has only just started. The conundrum now is what to do while these record prices remain. Sell, refinance, 1031 trades, what to do before it really starts dumping.

Somewhere along the line, that half a trill per year we are going in the hole that is pumping up the economy, along with a construction boom that is already cooled to the point of falling prices, will take it's toll on this economy.

I'm sure that the Admin will do whatever it takes to keep our Hot Not economy going ... until after the 2006 election. That will give people like me just enough time to cash out. Thanks George!!

Anon
0 Replies
 
Roxxxanne
 
  1  
Reply Sun 29 Jan, 2006 10:45 am
What Bush Admin policy has helped keep the long term rates low? Other than re-appointing Greenspan, which even for that moron was a no-brainer.

Now we will see what the Bernecke Era brings.
0 Replies
 
Anon-Voter
 
  1  
Reply Sun 29 Jan, 2006 10:58 am
Roxxxanne wrote:
What Bush Admin policy has helped keep the long term rates low? Other than re-appointing Greenspan, which even for that moron was a no-brainer.

Now we will see what the Bernecke Era brings.


It's one of the first things that happened when he took over in 2001. We haven't seen interest rates like those in my lifetime. In 1979 and 1980, we were taking out loans that we called 20/20's. That was 20 points and 20% interest, and that was short term. This has been the most fabulous real estate ride in the last hundred years, or more.

Anon
0 Replies
 
Roxxxanne
 
  1  
Reply Sun 29 Jan, 2006 11:10 am
But what Bush Admin policy contrinuted to the low interest rates? Japan has a great interest rate. It was ZERO for a long while.
0 Replies
 
Brandon9000
 
  1  
Reply Sun 29 Jan, 2006 11:12 am
Repent!!! The end is near!!! Rolling Eyes
0 Replies
 
Anon-Voter
 
  1  
Reply Sun 29 Jan, 2006 11:31 am
Brandon9000 wrote:
Repent!!! The end is near!!! Rolling Eyes


I'm sure the combined total of 50,000 fired auto workers from GM and Ford aren't quite as thrilled with the economy as you are.

Anon
0 Replies
 
Roxxxanne
 
  1  
Reply Sun 29 Jan, 2006 11:36 am
Anon-Voter wrote:
Brandon9000 wrote:
Repent!!! The end is near!!! Rolling Eyes


I'm sure the combined total of 50,000 fired auto workers from GM and Ford aren't quite as thrilled with the economy as you are.

Anon


Brandon doesn't have to worry about job securiity. As long as there are oranges to pick in Central Florida. Smile
0 Replies
 
au1929
 
  1  
Reply Sun 29 Jan, 2006 12:05 pm
The sky is falling, the sky is falling. Said chicken little.
0 Replies
 
 

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