If you are poor….this really doesn’t apply right now because you do not have very far to fall.
UPDATE:
Right now government are borrowing and taking about $4 trillion dollars per year from your retirement/investment accounts to maintain our economy functioning. The economy is now being driven from Government and Wall Street borrowing and NOT productivity…..just like housing construction and the boom was driven by reckless lending and not really true demand based on a productive economy.
At the same time…and this is key….the private economy is being cut off from access to credit and those with access really have little need to borrow.
As a result, we are now in the final stages of Zombulation as the private economy…which used to be the majority of our economy as we knew it….is shutting down and the government and Wall Street economy is functioning due to siphoning money from your investment/retirement accounts……NOT BECAUSE OF TAX RECEIPTS or REVENUES GENERATED.
Most Fools think it is foreign nations that finance our collective debt…..NOPE!!! it is Americans who primarily finance Aemrica’s debt through pension plans/retirement accounts/and investment accounts.
America and Wall Street are running down to the end of our savings…..and if they simply print money to maintain the charade…….our money will be worthless.
Right now inflation is in check because we have massive deflation in the private economy offset by inflation in the public/Wall Street economy. But we will be soon reaching the Z point…where it becomes impossible to borrow money from our retirement accounts any further and a choice will have to be made…..
Worthless currency where everyone is broke……..or purge/restructure the debt putting our nation into a massive depression.
Since we are now at about the Z point…..My blogging and newsletter will focus on how we will enter the the new age….It will be one heck of a ride I am sure…
Greece Cut to Junk at S&P, Portugal Lowered as Debt Woes Spread in Europe today.This is what my futures chart looked like as the news spread quickly around the world.
The S&P 500 retreated nearly 30 points. Greece’s credit rating was cut three steps to junk by Standard and Poor’s, the first time a euro member has lost its investment grade since the currency’s 1999 debut. The euro weakened and stock markets throughout the region plunged.
Greece was lowered to BB+ from BBB+ by S&P, which also warned that bondholders could recover as little as 30 percent of their initial investment if the country restructures its debt.
The Euro also took a hit and fell 1.3 percent to $1.3215. This not really a problem with Greece, Portugal or even Spain for that matter. It really is a problem with the entire Europe system. You cannot just single out one or two of these.
Even though Greece Cut to Junk at S&P, Portugal Lowered as Debt Woes Spread in Europe we have a lot to get through. The vigilance and lies from the government and media about a full economic recovery being here is starting to smell just like the goldman sachs story…. “NO WE DID NOT RIP OFF OUR CLIENTS”“I CAN SAFELY SAY THAT WE ARE OUT OF RECESSION”Are you starting to see a pattern here yet people?
Don’t be alarmed but you ain’t seen nothing yet. Isn’t it sad what has been happening. If I were you I would start to rely more on your friends, family and neighbours. Rally together, work together and you will start to help along the big changes we see coming down the track.
It seems that the goldman sachs fraud speculation continues.
The whole goldman sachs fraud is just the tip of the iceburg, but realistically people are not shocked as to the severity of the deceit, lies and deception. We wont be hearing the last of it, so stay tuned.
As the goldman sachs fraud investigations continue, keep watching these headlines, as I think this is going to open up another can-of-worms so to speak.
You can watch our latest video update below where I discuss this matter further.
Goldman’s Blankfein Fights Back on SEC Case today as the media channels have still not left this story to hang out & dry like they normally have in the past.
Goldman’s Blankfein Fights Back on SEC Case, when on Wednesday Lloyd Blankfein attacked the Securities & Exchange Commission’s fraud charges in telephone calls to clients. These guys don’t let up do they?! Considering that Goldman Sachs is the golden child of Wall St, we at forecast for tomorrow would mark this as a significant event to the many changes coming down the pipeline. A complete overhaul to the financial systems as we know it, whether you like it or not. You can just see it on the cards, but will it be enough to stop these evil creatons and their greedy love of money, wealth and power. I guess to some extent we can peacefully say YES.
I am not angry from the fact they got caught, it was just a matter of time. I am more angry to the fact that people have still not woken up and realised this sort of thing goes much MUCH deeper. These stories are just merely a drop in the ocean, compared to what is really going on out there. Goldman Sachs can go to all lengths, and hire the best attorneys, and provide the best evidence. But in the end, those that have woken up know exactly what is going on. Why try to fight that!!!!!
I keep hearing that saying over and over in my head “YOUR SINS WILL CATCH YOU OUT!” well it looks like D Day for the good ole golden boys from the ‘Sachs’ club ey?
It seems that everything has gone back to being ok after all this goldman mess. Sometimes you just have to throw your hands up in the air! Simply amazing.
Have a look at this video below of a interview with Janet Tavakoli, recognized international expert on derivatives (and one of the few truth-tellers who you will never see on CNBS!)
Well, what do you expect me to say. a hedge fund run by billionaire John Paulson—helped create, and then bet against, the subprime mortgage securities. Need I say more!!!
Wall st stooping this low. YES!! Robbing from the poor, to make the rich ever richer. It makes you sick in your stomach. But that is not the point to this. They get away with this time and time again. Look at how greedy they have become. No one gets in trouble, no one gets locked up. They get to keep their big penthouse suites. I am sure Karma will have fun with these numskulls somewhere down the track….
BUT….
Do they think we will just sit back and not say anything?? John Paulson better tread very carefully…this is going to piss off alot of people. I guess the best thing he can do right now, is go to the yellow pages, and do a search for guard dogs and body guard securities, because he is going to need a few more of these in the coming months. Might be some good businesses to own in the not to distant future….as more truth is slowly leaked out. Look at how dirty and rotten these low-life criminal have become.
I still dont know whether I am angry, frustrated, hateful or all the above. I just feel sorry for the people they have been financially decimated. But these rich greedy cowboys, probably sniggered, drank fine wine and tipped hats as they passed eachother, all the while this was happening.
I am glad this is in the open and we did warn our members that there were these sort of things going on behind our back. I just wonder whether this will keep hitting the headlines now, or this news will just wither away like all the other greedy fat pigs that make the headlines in recent times.
He (John Paulson) should be made to walk down WALL ST wearing a billboard saying “YES IT WAS ME….I STOLE YOUR MONEY!! I ROB FROM THE POOR AND GIVE TO MY RICH FRIENDS…..SO WHAT!” Get these boys doing this each morning and see what happens.
