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It WILL happen if we don't change course. Tickerguy shows you the numbers, depicted in graphs. Every man, woman and child in America needs to see this video.
I understand the political difficulty of closing all the major banks in the United States, selling off their assets and making good on their deposits when required. I recognize the damage this will do to pension funds and bond investors. I am fully cognizant of the fact that this means taking an intentional depression here and now. But if we don't it will in fact be worse later. Not "might" be worse. WILL be worse.
“Although we can say, contrary to all wishful thinking, that the system is doomed, by no later than October 15, and therefore, immediate action is required weeks, even two months before October 12th of this present year,” LaRouche explained. “We must cancel the $24 trillion bailout immediately during the weeks just ahead, and put the system through an orderly bankruptcy reorganisation, as specified under our Federal Constitution. The entire Federal Reserve System must be put into receivership. There is no way that the Fed can honour those intrinsically fraudulent bail-out efforts underlying the still cancerous growth of current nominal financial obligations. Reducing the obligations of legitimate national and state chartered banks to the magnitude of Glass-Steagall standards, either will be done, through bankruptcy reorganisation now, or the United States itself will soon cease to exist. Without such a proceeding in bankruptcy as I specified during the period from July 27, 2007 into that September, there is presently no hope for the continued existence of the U.S.A. or any among the nations of Europe, in their present forms.”
Originally posted by Hazelnut
I happen to be married to a guy that believes everything will work out. I'm going to start believing in his belief. No matter what comes, we will do our best with it.