Government Insider tells me Economic Collapse is Imminent., page 1
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Topic started on 13-7-2011 @ 03:46 PM by camaro68ss
So I have a story to tell you. Last week I went to my local gun shop to pick up some ammo and I got to talking to the owner about quantitative easing 2 (QE2) ending and its impacts to the economy and how the supply chain disruption in Japan will hit wall street hard once the quarterly earnings come out. He starts laughing at me and says I got some info that will make that look like a picnic.

He motions me to come in closer and lean over the counter. He then starts to speck in a low voice and starts to explain. He tells me that he has been doing “contract work” for the FDIC, I’m guessing he must be body guarding some banker. He says the banker he was working for got to talking economics and told him there are 4 million homes that have not been paying there house payments. So that’s 4 million families not spending their money on house payments and putting that money into the economy.

He says in the 3rd quarter, it was either the FDIC or the FED’s, are forcing the banks to clam those 4 million homes and foreclose on them and balance their books for the losses. He says,

1.) bank will go bankrupt over this because they now have to clam there loses that have been growing for years.

2.) 4 million families will become homeless and or will have to rent and take that discretionary spending they had for not paying there mortgage out of the economy and back into rent.

3.) Housing will collapse again having 4 million more homes pop up into the market.

He says it’s a one two three punch that will start the chain reaction of the economic collapse. So that’s what he told me. You can take it or leave. I believe the guy because he is a no BS type of person. Just wanted to share that with you guys

here is a story that is relevant

www.cbsnews.com...
edit on 13-7-2011 by camaro68ss because: (no reason given)


So the bank will have to clame a loss on 4 million home. The value we are looking at is a 1.2 trillion dollar loss on the books, assuming a average house is $300,000. And remember, banks leverage their loans 100 to 1!!!
edit on 13-7-2011 by camaro68ss because: (no reason given)



reply posted on 13-7-2011 @ 03:48 PM by TheUniverse
reply to post by camaro68ss



So when the Revolution hits.

We know who to seek out.

Because they were bought and paid for by the Corporations.

And now while Many sit homeless and without food on the Streets of America.

They are in Their Mansions eating Caviar and Sipping wine.
------------------------------------------------------------------
WALL STREET GOT BAILED OUT; BUT WHAT ABOUT MAINSTREET? SO NOW LET THEIR HOUSE OF CARDS COLLAPSE AROUND THEM AND THE PEOPLE WILL REIGN
------------------------------------------------------------------
Will the Banskters and The Corpocray Eventually Own It All? 29 Statistics About Extreme Income In-Equality In America That Will Blow Your Mind

“If the American people ever allow private banks to control the issue of their currency,

first by inflation then by deflation, the banks and the corporations will grow up around them,

will deprive the people of all property until their children wake up homeless on the continent their fathers

conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”- Thomas Jefferson
edit on 13-7-2011 by TheUniverse because: (no reason given)



reply posted on 13-7-2011 @ 03:55 PM by Chrisfishenstein
reply to post by camaro68ss



WOW....How oh how would someone EVER come to that conclusion???

The news of the debt ceiling and our national debt??

Forclosures at record highs??

Unemployment rates highest ever??

Obama is in office??

Sorry the last one was added for humor....But kind of the truth in my eyes, but anyways.....ANYONE can make that conclusion from the events we are witnessing right now!!!


reply posted on 13-7-2011 @ 04:01 PM by cloaked4u
Originally posted by TheUniverse
reply to
post by camaro68ss



So when the Revolution hits.

We know who to seek out.

Because they were bought and paid for by the Corporations.

And now while Many sit homeless and without food on the Streets of America.

They are in Their Mansions eating Caviar and Sipping wine.
------------------------------------------------------------------
WALL STREET GOT BAILED OUT; BUT WHAT ABOUT MAINSTREET? SO NOW LET THEIR HOUSE OF CARDS COLLAPSE AROUND THEM AND THE PEOPLE WILL REIGN
------------------------------------------------------------------
Will the Banskters and The Corpocray Eventually Own It All? 29 Statistics About Extreme Income In-Equality In America That Will Blow Your Mind

“If the American people ever allow private banks to control the issue of their currency,

first by inflation then by deflation, the banks and the corporations will grow up around them,

will deprive the people of all property until their children wake up homeless on the continent their fathers

conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”- Thomas Jefferson
edit on 13-7-2011 by TheUniverse because: (no reason given)


AW-MEN. Time is running short, ENJOY IT WHILE IT LASTS.



reply posted on 13-7-2011 @ 04:07 PM by camaro68ss
Originally posted by Stovokor
reply to
post by camaro68ss



What do clams have to do with anything?


heres a story if you dont belive me and need a news paper to tell you

www.cbsnews.com...


reply posted on 13-7-2011 @ 04:11 PM by Gemini67
reply to post by camaro68ss



very very interesting and it makes sense too. i havent heard details like that yet so i'm going to look more into this unpaid mortgage issue and see what i cant find. thanks for sharing
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