Sep 3, 2011

when the fat banker sings.. run for the hills!

Just so we're clear.. Everyone does realize that the money does not exist, right? Never really did even.. It's supposedly legal tender or trade notes, IOU's essentially, for gold and silver bullion which is a pain in the ass to carry around in your purse apparently. Here ~

So this means that all those home loans, car loans, mortgages, and any other kind of "credit" was issued, offered, or loaned out by people who didn't really have anything whatsoever but a buddy who will hook them up with a continuous flow of paper making it seem like they're loaded especially since the big dollar amounts go on money orders and/or cashier's checks. The big secret maneuver of the banking business is the classic 'fake it until you make it'. They stood to gain a tremendous amount in interests to the extent that even future forecast of predicted interest earnings too would be printed on paper and beg/barter/bought/sold for a steal.. or so they thought.

I can't believe I didn't see it or rather it hadn't seeped in yet what this whole Comet Elenin scare & frenzy is really all about. The sky IS falling! Just figuratively more than literally. The economy is truly now on the verge of utter and total collapse!  
"The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation." ~NY Times
According to a documentary I watched earlier this evening the value of the dollar would need to decrease by a rate of 98% in order to equal the value of the current federal gold reserves (if they even really exists.. a full inventory count hasn't been done since 1971!) This means that if only 2% of the  cash flow including bank/savings accounts, mutual funds, and stock investments were suddenly cashed in as in WE JUST MARCH INTO OUR LOCAL BANK OF AMERICA AND SAY WE DON'T LIKE THEIR NEW FEE SYSTEM THEY'RE TRYING TO USE TO COMPENSATE FOR THEIR LAWSUITS.. WE WISH TO CLOSE OUR ACCOUNTS AND DO HEREBY DEMAND OUR GOLD BACK!!

that's it... collapse

"None are more hopelessly enslaved than those who falsely believe they are free. " 
~Johann Wolfgang von Goethe

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