Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo

Well done sir. I too wonder at the media's apparent desire to make a bed situation worse. Without hope there is nothing and to be frank we have allbeen in worse situations than this.

I don't think the memo is real. And if it is real, and we believe that some jerk from Citigroup can predict the future, when he could not predict the fate of Citi, and could not even help Citi. Where was he when Citi was falling, did he predict that Citi would have to be bailed out?

My prediction: We are in a recession. We have been in recessions before. We were in a great depression where the gov. didn't do anything to help until it was too late, and we still survived!

People were starving during the great depression, were there any concentration camps then? Were we under martial law? Did we have a civil war? Answer: no, not even under those conditions did we fall.

Now we have a gov. who acted immediately, before any of us could realize what was happening. The gov's actions are what scared the crap out of everyone.

Could China afford to sit back and let their greatest investment go broke? Answer: no.

I love these people who start falling apart when things don't work perfectly, "we're going to be placed under martial law...", "we're going to have a civil war...", "we're going to be imprisoned in concentration camps..."

Maybe this recession will put a little hair on your chests, pansies. (Just joking about being pansies, but really learn to tough it out a little before freaking out.) Both of my maternal/paternal grandparents went through a great depression, then right into a would war, very hard times! Some of us give up too easily. What doesn't kill us makes us stronger.







[edit on 30-11-2008 by Electro38]

And I'll be watching the bonfire to with a smile on my face. But I don't buy into this 'Schiff the psychic' stuff. Lots of people saw the writing on the wall. Greed, self interest and more greed, meant they didn't shout about it. In the UK, I heard on numerous ocaissions from colleagues that Northern Rock was a house of cards. But while NR was expanding market share, increasing 'shareholders value' and making profits, no one said anything too loudly.

I don't think we need a memo from Citi to figure this out.

This financial mess is unprecedented in history and I believe we have not even seen the tip of the iceberg.

Money is a faith based system and when the people at the top completely compromise the faith of the masses, you have chaos just around the horizon.

People can't keep up anymore. You can't even believe the number of foreclosures in my area, that was once very prosperous.

Example: A house that went for $130,000.00 US you can now buy for around $30,000.00 and there are many of them. 1 in 4 homes is in foreclosure and jobs are dwindling. The media keeps saying all is ok, BS!

I guess the naive can believe what they want as the ship sinks.

Answers: Stay healthy, the rest can be worked out.

Ya the online definition of " civil disorder " is: A violent public disturbance by three or more people which causes danger, damage or injury to property or persons.

Amazing what a definition will do for the news headlines.

Not saying global chaos isn't probable, cuz I think it is. Just remember when you buy your guns...the world will run outta bullets.

Agreed, people need to toughen up.

I think any of us that went to college (without a lot of financial support) realize what it's like to be in a "depression" for 4-5 years. You're broke, saving up for maybe one night a week to do something fun, eating PBJ sandwiches, top ramen, and working your butt off so you can move on to something better. I don't have any problem with doing it again...

I swear peer pressure and trying to impress the opposite sex is what this fear is about right now. How will I buy that new cell phone, car, house, clothes, or TV to keep up with the other guy/girl wallowing in debt? We haven't even hit a true "fear" of just having food to eat and a warm place to sleep (ok Detroit is an exception). The current fear is for people that need gadgets and fluff to feel better about themselves...the party is over.

Stick with family, friends, go outside and exercise (it's free), write a book, play cards, hike, fish, paint...lots of cheap stuff to do to better yourself than buying a new toy.

Yes, I think the media is going to sugar-coat everything, since they don't want people to panic. This economy is growing worse every week, and it will continue to do so into 2009 and 2010.

reply to post by Atomic

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Yes! I did that too. Went through college without a pot to piss in, I could barely make it there some days because I was riding on empty (not enough cash for gas in my car). I even ran out of gas a few times on the parkway. You learned how to survive! You got good at it.

Luckily I haven't had to resort to my skills yet. When I do, I'll know exactly what to do. (But I doubt that will happen.) WE won't have it half as bad as our grandparents who got through the depression and WWII.

We might have to pass on that new TV, or going out to eat! Poor us... we have it so bad!

Yes! Read books, learn a new craft, improve your karma, meditate. Create stuff instead of just buying stuff. Maybe the reaction we're starting to hear from the pansies, I believe are the moans of withdrawal from consumption.

I don't mean to sound condescending, sorry. We're all in this boat together. All I'm saying is that we might get some boo-boo's, so lets put a band aid on them and toughen up a little.


[edit on 30-11-2008 by Electro38]

reply to post by Atomic

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I don't know, Atomic. Even Paulson described this situation as a "once in a century" type deal. I still think we're in the early phases of this, and we ain't seen nothin' yet.

It's not all about surviving, either. It's about what these crazed sheep will do when they finally wake up. (That Wal-Mart stampede serves as a reminder for me about how crazy these people are going to get.)

Let me say it again. We ain't seen nothin' yet.

well to start with, I think it would be a good idea to post all the info without clipping it to slant the meaning.
In addition, even if this were true, the morons at citi, couldn't even run their business so I find it impossible that they'd be able to predict world market outcome.
Sounds like nothing more then fear mongering to me.

reply to post by DimensionalDetective

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So what's the use of complaining about something if we're not gonna commit to what needs to be done to solve any certain crisis? Heard it suggested somewhere that faith without works is dead... I don't have any answers either, tho, so - HMMMMM - what a predicament huh? Gotta laugh or i jus might cry. PEACE

reply to post by jfj123

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Remember though, that it's the banks that are causing this...

They want this to happen; at least, those at the very top of the pyramid. They're doing a really good job making it sound like a 'crisis.' Most people are too tuned in to college football, American Idol, or Dancing with the Stars to even understand the implications of what's actually going on.

Citibank plans to cut over 50,000 jobs. That's not fear-mongering. That's real.

They need to cut jobs to keep from going out of business. If Citibank planned to ruin their company, they're more stupid then I thought they were. They acquired too much risky debt because they were greedy. It's not like their master plan is to push their company to the brink of bankruptcy then beg the government for money.
It's really simple.
Greed with blinders on.
The fear mongering comes from people misrepresenting articles to create a sense of fear.

exactly. I don't buy all the fear mongering that we all will be destitute. I think our life style will change and our economy will not grow as much because of people not being able to get into rampant debt (which the Fed is trying to change). But our life style will be how it SHOULD be. Investments will be put into places that will fare well, not just because the prices of their shares are in a bubble that is about to burst.

Easy one that : China.

reply to post by Boognish

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im not one to know astro locations
i just know that theres this big blip that keeps getting bigger every year
take it for what it is
it is what it is, whatever it is
and as for planet x, i dont know if it exist or not
but Revelations speaks of the star Wormwood falling into the sea
making the sea bitter
SO, theres going to be some astrological activity soon
Bible speaks of signs and wonders in the Heavens
what ever it is
It is just a little odd


[edit on 1-12-2008 by GRANDWORLDDRAMA]

Man the end must really be Nigh because i actually agree with DD for once.
this whole situation reminds me of This episode of The Boondocks.

(spoiler alert Ed Wuncler, who is Woodcrests own "Mr. Potter", has been trying to buy the town park for years, but the state wants too much money. so he gets Grandad to open a Soulfood restaurant across the street which creates a chain reaction which ultimately leads to the property values plummeting. Ed Wuncler closes the restaurant down at the end of the episode and grandad looks defeated, while Ed Wuncler looks across the street to the park to see it fenced off with a large "Wuncler Construction" billboard inside the gates, then he smiles.

I say the first cat to make a multi billion dollar land grab should be shot out of a cannon into a brick wall.

In the video Peter Schiff said that the coming recession would be a good thing; that it would be the "bitter medicine" that we all need, and that once over it we would be in a better place.
I think he was right on. All of this bailing out going on around the world might just be taking the proverbial mole hill and actually making a mountain of it -- a bigger problem that will take much longer and much more pain in the end to get over.
I've been belt tightening for years and am willing to tighten even more, but lets get started already. I hate just delaying the inevitable.
No wars, no martial law, no civil unrest, just pull up your boot strings and all chip in together to get over it as best we can.