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Nigel Farage told King World News the other day is very ominous....
Today MEP (Member European Parliament) Nigel Farage spoke with King World News about what he described as the possibility of, “a really dramatic banking collapse.” Farage also warned that central planners want to enslave and imprison people inside of a ‘New Order,’ and he described the situation as “horrifying.”
Originally posted by nosacrificenofreedom
Originally posted by samkent
Originally posted by geobro
nothing happens by accident the housing bubble of 2001 was when i noticed things were not as they seem why would property all across the globe rocket in price when it had been a stable increase for 400 years ........................ ,houses were going up more a week than i was earning that is why i live in the country now right beside a river ? and have plenty dried food s& f for this
I don't remember a housing bubble in 2001.
I also don't remember prices jumping that much in a week or even a year.
The bubble is a result of the lowering of lending standards. The government did instigate the circumstances that lead to the collapse. But they didn’t directly cause the collapse.
With each administration they pushed for more home ownership. When a new family buys a used house (their first) they push a upper tier family into a brand new and more expensive house. Then every family on the ladder tends to buy new furnishings for their respective houses. That’s the secret to spurring the entire economy. New car, new clothes, new tv, everything gets a boost.
Had the securities rating companies done their jobs and not caved into the profit side of the equation, the housing rush would have slowed on its own. The mortgage backed securities would not have been given AAA ratings and therefore would not have sold as quickly on the market. That would have shut off the supply of loan money.
They wern't smart enough to plan for the last collapse and I don't think they are smart enough to preplan the next.
They are a reactive bunch not proactive.
Actually it was the supply of cheap money and the pushing of subprime loans by the federal government that lead to the 2008 debacle! That in turn created alot of demand for houses which in turn pushed up home prices!
I believe the banks and the federal government knew what was going to happen when those sub-prime buyers began to defalt! Brooksley Born even tryed to warn them but they would not hear of it and so they eliminated her job and claimed that the markets would regulate themselves! The belief that anything happens by chance is ignorant cause these things are designed to fail and funnel monies to the top! this has been happening since the inception of the reserve banks and it was the implimentation of the Fed that was suppose to control the boom and bust cycle! Control it does so well to create this boom bust scenario and when it finally does end it wont end well for anyone except the elite!
Originally posted by Eldensword
reply to post by surrealist
Ok Doomsday-ers...The message is getting SO OLD now...Every year a new "theory", a stretch to invoke fear and chaos. Just go to work, save some cash, enjoy your kids and settle effing down. Build your life up instead of waiting for it to be torn down by some fairytale vision of roaming the streets with a shotgun foraging for the last scraps of food on Earth...Good God. THAT really sounds fun to you? The truth is, anyone who sits around waiting for "the end" Needs to go to a designated "The End Island" and you can all procrastinate, theorize and wish for misery together while the rest of commit ourselves to building up our nation and its future.
Check back, the cults, the predictions, the false alarms...It hasn't gotten old to you yet, but it will.
In the meantime, get yourself cleaned up, learn the art of social interaction and contribute to a positive, healthy world.
Originally posted by jtap66
The idea that TPTB - who make TRILLIONS off the current system - would allow said system to crash is ludicrous. Yes, they'd certainly be MUCH better off with all their useless $, holed up in a house in the country eating cabbage. *eye roll* Come on...
I've heard this song and dance a million times. I can't count the number of posts claiming that Person X (usually an Alex Jones flunky) states that collapse is going to happen around X date. Guess what? Never happens.
Yes, the economies of the world are suffering. Yes, they'll continue to suffer for some time.
But total collapse? It's a survival porn fantasy circulated by paranoids.
Originally posted by camaro68ss
Who ever thinks the government is not getting ready is dreaming
we talk about it some here. notice the front flag and tires.
www.abovetopsecret.com...edit on 13-8-2012 by camaro68ss because: (no reason given)
Originally posted by jtap66
reply to post by MegaMind
I've been told I "won't have to wait long" for decades. I'm STILL waiting. Just like I'm still waiting for Jesus to come back. (Any day now, they say!)
If they existed as you describe, and they wanted complete control, they could have seized it at any time.
This big cabal we're supposed to be afraid of...in one breath I'm told how powerful and evil they are, yet in another I'm told they're losing because people are talking about them on the internet. They don't sound very powerful to me. It reminds me of the Christian Satan. He's SOOOO scary, but in the next breath they tell you he really doesn't have any power at all.
I suspect than in 10-20 years, a lot of people are going to look back on their lives and discover that they wasted it living in fear of boogeymen of their own creation.
Originally posted by swan001
reply to post by surrealist
Duh. They want to replace the whole money system. They need to render the old money system useless first.