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Originally posted by camaro68ss
um mad max type event, everyone fighting for food and water. lol but really, possible
Originally posted by Stovokor
reply to post by camaro68ss
What do clams have to do with anything?
Originally posted by Ketzer22
reply to post by camaro68ss
Dude, no offense but would you learn to spell "claim". I stopped reading the thread after the 4th wrongful spelling of the word.
Originally posted 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)
Originally posted 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]
Originally posted by Kaplan
Originally posted 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]
Wait. The government insider is a gun store owner telling you a story which you took as 100% truth, enough so to repost it on here without verification.
Interesting. Tell me more.
Originally posted by Kaplan
Originally posted 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]
Wait. The government insider is a gun store owner telling you a story which you took as 100% truth, enough so to repost it on here without verification.
Interesting. Tell me more.
Originally posted by wantsome
I hope things don't collapse but if they do I'm prepaired. I have a 20 gauge a 12 guage a 30.06 rifle and a 357. I also have about $5000 in fishing equipment. $3000 in lures. I'm no extreemist or survivalist I do it for sport. If it came down to it though I'm sure I'd survive.
Originally posted by iNkGeEk
If one were looking to try to get away from the impeding strife due to US economical collapse, where would one go? Cananda, England, Spain, Australia, Switzerland??