Originally posted by asmall89
I think one has to ignore some of the fear mongering, it will drive you nuts. I remember I was so paranoid about the October 7th 2008 prediction I
called up my parents to warn them about it. Of course nothing too big happened, yeah the DOW dropped 700 points but it wasn't the collosal collapse
I was expecting.
At its peak of 14,000 it dropped to 6,600 until March 6th.
That was a 7,400+ point drop over several months.
The collapse has been delayed via various methods,
one is the bankster bailout.
They have pumped trillions into a derivatives blackhole
that is estimated to be in the range of 1.5 Quadrillion USD
for the Global derivatives market.
In one congressional hearing they asked the Fed chairman
where the money went and he said he would not tell them.
That is quite telling indeed.
Buffet warned of this mess a few years ago, and a couple years
before it all fell apart.
Back then it was a paltry 500 Trillion USD.
In just 3 years time it is listed as 1.2 Quadrillion by some.
So the collapse that was predicted is a staggered one.
Some delay tactics have been used to hold it at bay awhile,
but at a price that will not be fully understood until the puppet
masters are finished pulling their strings.
Make no doubt about it, there will some serious financial problems
coming but it is largely up to the smoke and mirrors ppl when it
will be revealed.
Basically they allowed the OTC market to be unregulated and
the crooks hid their scam there, and then made up fictional
assets based on debt and sold it to everyones 401k and pension
funds and that is why those are about to go broke.
A nearly step by step of how it was done is right here:
Because the one thing you can count on pirates to do is rob ppl,
and they have done that extraordinarily well.
Good Luck to you all !
[edit on 4-7-2010 by Ex_MislTech]