Yes, America is still the richest country in the world, but that fact has enabled its leaders to take the greatest and most dangerous risks in the
So folks, we can never have too many doomsday threads.
This guy has been correct many times. His agency was the first to downgrade the US Credit Rating. He sources his material very well. He offers free
advice, a couple of free books, and eventually a subscription to his newsletter, but the video is still exceptional and definitely worth watching!
Here are some excerpts:
First, they spend all they have.
Second, they borrow all they can from their citizens.
Third, they borrow still more from foreign powers and banks.
The United States is in Greater danger than Brazil, Russia, Greece, or Spain have ever been.
Consider the high-risk gambles that super-investor Warren Buffet calls, 'Financial Weapons of Mass Destruction.. . . derivatives.'"
When you add in debts incurred by government take overs, Social Security and Military benefits, and total government liabilities, the government is in
debt over $120 Trillion!!
In 1 year, butter has soared more than 22%, gasoline 35%, and coffee 42%.
An ATSer in the business of food commodities says, Just a Heads up, Food prices will
Another ATSer compiled all the pertinent news
from late 2010 and early 2011 to give a
similar warning, and that was before the devastating Floods, Droughts, Nuke Disaster and Storms of 2011!!!
We are now staring down the barrel of a huge double-dip recession. Housing prices have fallen 31%. That is below the worst levels during
2008-09, and that is after the Trillions spent on bailouts and stimulus, and that is especially scary this time around, because the government isn't
planning any additional bailouts or stimulus. The government has no choice but to take money out of the economy with budget cuts and as the
tax revenues fall due to the economy, the government must cut more.
So, what does Weiss think is the moment that this all falls apart, and the dominoes all fall into place?
Weiss says it is that moment that the last investor willing to loan money to the government calls it quits.
It's when the government can no longer borrow and simply runs out of money.
In 2008, virtually ALL of our major banks were pushed to the brink of failure. The entire country was within hours of a fatal collapse
10 former Whitehouse advisors say the current situation could cause a collapse that would "DWARF the last one!"
Several Senators, the Chairman of the Joint Chiefs of Staff, a Rear Admiral, and even Ron Paul have all said this is a "financial armageddon," "the
biggest threat to our National Security," "a threat to our county's survival," and other alarmist views, and these guys are not extremists! These are
just the facts!
Another OUTSTANDING ATS thread from 2010.
We're in bad shape folks, and I know this isn't new news to ATS, but it is new news to the MSM, and they are starting to get more and more bold in
their reporting on the issue. The video above calls out some huge banks like Bank of America, and assertively suggests that people remove all of
their money from these big banks, and also that people build an "impenetrable wall of privacy" around their finances, because the government will be
coming to get those assets as well!
It is getting scary fast now, and we need to be prepared.
edit on 7-12-2011 by getreadyalready because: (no reason given)