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Originally posted by JiggyPotamus
Just like other "prophecies" of this nature, there have been people in the know, people involved in the financial industry, who have been claiming that the US financial system is on the brink of collapse, for a long time now. I don't even pay attention to prophecies or prediction anymore, for the most part, simply because so many have been made and have not come to pass. I find it strange that despite all of these failed predictions, people still buy into them on a daily basis it seems.
That USED to BE the case!
The cornerstone of USA is the military power. As long as military can ensure superpower status, USA can just print more money to paper over financial problems.
The North Atlantic Treaty Organization (NATO; /ˈneɪtoʊ/ NAY-toh; French: Organisation du traité de l'Atlantique Nord (OTAN)), also called the (North) Atlantic Alliance, is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949
The 11 September attacks in the United States caused NATO to invoke Article 5 of the NATO Charter for the first time in its history. The Article says that an attack on any member shall be considered to be an attack on all.
The organization constitutes a system of collective defence whereby its member states agree to mutual defense in response to an attack by any external party.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate.
It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
Originally posted by canDarian
What if those FEMA camps are really debtors prisons.
Originally posted by St Udio
all this fuss about having a clause to 'move' warehoused aluminum..
meanwhile it is common knoeledge that Deutsche Bank with some $72 Trillion in derivative exposures is facing immediate collapse (just like Leahman)
i see this collapse being orchestrated by the Fed & cohorts in the ECB to throw the German Gold repatriation plan get scuttled/...
everything about this stinks
According to the Federal Deposit Insurance Corporation (FDIC), Deutsche Bank now holds loans for American single-family and multi-family houses worth about $3.7 billion (€3.1 billion). The bank, however, claims that much of this debt consists of loans to wealthy private customers.
More damaging to its image are the roughly 1 million US properties that the bank says it is managing as trustee. "Some 85 to 90 percent of all outstanding mortgages in the USA are ultimately controlled by four banks, either as trustees or owners of a trust company," says real estate expert Steve Dibert, whose company conducts nationwide investigations into cases of mortgage fraud. "Deutsche Bank is one of the four."
Originally posted by Lunarian
What will happen if/when the U.S. does crash and burn? What I mean to say is, how will it effect the global market? From what I've read on other threads, some posters seem to believe that if the U.S. goes, the entire market will collapse like a house of cards.
Is this an accurate thought? Or will other countries be able to scrape by relatively unscathed? I'd really appreciate any input because, frankly, I'm out of my depth here.