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Originally posted by iNkGeEk
I'm not sure if said gun owner is telling the truth or not...i'm not in a position to say either way. however, what he says is completely plausible. it's not a matter of IF the dollar collapses, but WHEN the dollar collapses. there is no way the govt can operate at deficit of some TRILLION dollars and be successful.
the govt spends, spends, spends. it throws money at the military machine that sticks its nose where it doesnt need to. it bails out the banks, the airlines, the auto industry. these are industries that should be allowed to go bankrupt, because obviously their current system of running a business isn't working.
now, instead of cutting spending the Fed Res just prints more money! the more paper money there is going around, the less value it has. this country can't pay on its loans that it has with other countries. before you know it, the govt is going to need a bailout and who's going to bail them out?? a foreign investor/country? if that happens...welcome to your new ruling country. is the govt going to file bankruptcy? if that happens, the dollar will be worth less than toilet paper..
this is why certain people are pushing for a one world bank/currency. its my belief that it will happen sooner than later. everyone will be issued a credit card with credits and that will be your monetary unit...credits. there will no longer be paper/coin money, it will all be electronic transactions.
a one world bank is just one step closer to a one world govt. scary stuff.
Originally posted by DARKJEDIG
This information ties in with what my real estate agent friend told me. I am back in the states looking at property and she is an agent for reo properties and was invited to a private round table meeting with Fannie Mae and Freddie mac in texas. She says only 10 People were present and they were told that there would be 4-6 million more homes about to hit the foreclosure courts and they are backlogged because one lawyer in Miami was rubber stamping all foreclosure requests because he was getting paid a lot of money per "stamp". The problem arose as one homeowner took the bank to court and won. They figured out what the lawyer was doing so Fannie may and Freddie Mac stopped the sale of these homes temporarily while they allowed the courts to review all the backlogged rubber stamps so no one else would sue.
Originally posted by camaro68ss
Originally posted by Kitilani
Originally posted by camaro68ss
Ding ding ding, there are millions of familys not paying there house payments and banks are not collecting because they will have to clam a lose. ding ding ding. use your head
I am using my head and this sentence above makes no sense to me at all in any way shape or form. Then again, I know collecting a payment puts me at less of a loss then not collecting one does. What did I miss?
1. familys are not paying for there house anymore so they use that extra money to buy goods
2 banks are not getting payed for the house yet they are not declearing forclosure, there are 4.1 million homes like this.
3. when 3rd Quarter comes rolling around per this insider. banks need to forclose, take the lose and kick the familys out.
4 familys stop spending extra money on goods and now must find a place to rent and now dont have all that extra income
5 banks take a $1.2 trillion loss thats leveraged
6 hope this helped alittle