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Manufacturing a global economic collapse in the buildup to World War III

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  3. salviad
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Since 1999, the following events have either caused or been the symptom of the present economic crises:

1) Year 1999: Introduction of the euro to world financial markets;

2)Year 2000: Collapse of the Dot-com bubble;

3) Year 2000: Iraq dumps the US dollar and switches to the euro;

4) Year 2005: Rewriting the U.S. Bankruptcy Law;

5) Year 2006: Discontinuance of M3;

6) Year 2006: Iran moves from US dollars to the euro;

7) Year 2006/07: Subprime Market Collapses;

8) Year 2007: Run on The Bank in the US and UK;

9) Year 2007: 52% Support U.S. Military Strike Against Iran;

10) Year 2008: US comptroller general and head of the Government Accountability Office resigns.
salviad

8 responses // Manufacturing a global economic collapse in the buildup to World War III

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    This is incredible!!

    pissedoffinarkansas
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    Latest victim of mortgage crisis, IndyMac taken over
    http://www.marketwatch.com/News/Story/Story.aspx?guid={E83FB78F-2D0B-4FD0-8A59-70F7C6524B3F}

    "IndyMac Bancorp Inc. became the biggest casualty of the subprime mortgage crisis on Friday, as federal regulators shut down the troubled Pasadena, Calif.-based savings bank in one of the largest U.S. bank failures ever...The thrift - the fifth U.S. bank to fail so far this year -- had total assets of $32.01 billion as of March 31."

    5 US banks have failed this year already ... YIKES!

    salviad
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    What's even more incredible is nobody is talking about how bad things really are.52,000,000,000,000 in debt? That is an unmanagable number.400,000 per household? I'm probably not going to make that much in what remains of my life! And that is how it stands right now.What is it going to be in another 10 years? Compounding interest is a bitch when your talking about debt.

    Do they really think if they keep us in the dark this problem will just go away? We are past the tipping point.We are now on a runaway rollercoaster.

    The stock market is tanking,banks are starting to fail,oil is 5 dollars a gallon in California,and that's with the gov. helping to keep the true price of gas on the down low! I've heard that the rest of the world has been paying these prices for years.Now with the weakened dollar we are starting to see the true prices.And I'm too tired to even start talking about the credit crunch and the mortgage crises.

    What is going to happen if the rest of the world stops trading oil based on the dollar? Iraq switched over to the Euro in 2000.Iran switched over in 2006 I believe. If more countries start switching the dollar is in serious trouble. Can you say d-e-p-r-e-s-s-i-o-n. You think it is just a coincidence that those are the two countries in the U.S. crosshairs.I don't think so.I think the gov. knew Saddam planned on switching to the Euro BEFORE the 2000 election and that is why bush&co Had to win the election! That's why we were in such a rush to invade Iraq after 9/11.The power brokers were afraid that if Iraq switched it would cause a domino effect and a run down on the dollar.And our economy was so close to the edge they knew what the effects would be and they COULD NOT let that happen. Just some food for thought.And PLEASE,THINK ABOUT IT!!!

    pissedoffinarkansas
    1 response to this
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    Once again, why do they call it the Federal Reserve? It's not federal and there is no reserve.

    bluestranger
    1 response to this
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    http://www.washingtonindependent.com/view/walker-fis...
    Image...

    I've been listening to and reading anything I could find from Mr. Walker for years simply because, as a non-politician, he speaks the whole truth and nothing but with no regard to being labelled anything other than an honest man with concerns that we all should share, no matter which side of party lines we stand on.

    huntre
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    Anyone who is surprised by this hasn’t been paying attention. Our economy has been based on smoke and mirrors for over four decades. First Nixon takes the dollar off the gold standard, making it a worthless piece of paper whose value is based solely on market conditions, then Reagan follows up a decade later by instituting voodoo economics. The Savings & Loan collapse of the 80’s and 90’s was just a precursor to what we are experiencing now. If you want to know what the future holds take a look at what was happening in the U.S. and Europe during the late 20’s and early 30’s, then compare that to what is happening in the U.S. right now. You might be surprised at what you find.

    sonnydenbow

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