Posts Tagged ‘U.S. Collapse’

There is a lot of talk about the GM motors bankruptcy over the last several days. I must say its quite entertaining reading others thoughts, but when you chisel away at the excuses and all the B.S. by ignorant analysts you have to realize one important thing….

Even if you bailout a company in trouble they will eventually go bankrupt anyway.

YES! Eventually somewhere down the pipeline anyway!.

After nearly 100 years in service and over $88 billion dollars in losses, they are paying the price for getting caught up in this whole credit crisis mess. As the truth slowly leaks out to the public, anger is building and bullying the govt to stop bailing out companies that are already dead! But only 1% of people have woken up to what is going on.

I bet the bookies taking bets over this one are left scratching their head, while the bailout teams in the government are visiting their therapists explaining their lack of work lately! LOL. But the government still have their ‘little black book of tricks’ out and using every tactic, and this will continue for some time yet.

But…What happens when they get to the end of that book?. THINGS WONT BE PRETTY!

You remember back to Obama’s legendary speech of “YES WE CAN!” well someone just gave Obama the backwards ‘peace sign’ and said, “NO YOU CAN’T!“  [**insert Obama smurk here**]

Also regarding the dollar, we saw Treasury Secretary Timothy Geithner try to lie to China by reassuring the Chinese that the US Dollar was sound. Unfortunately for Tiny Tim, the students he was lecturing at the time fell off their seats in fits of laughter. But just look what has happend to the dollar in the last few weeks. Gravity surely is kicking in!

Looks like you can fool some people some of the time, but not all of the people all of the time.

You have to remember that the Chinese are not stupid, and know this cat and mouse game.

They understand and know from experience, that running the printing presses with unlimited Dollars is devaluing it to nothing so quietly and for longer than you might think, they have been buying the ancient safe global currency of Gold.

While the govt keeps saying you don’t need gold because they have eveything under control, (yes we have heard this sob story before) behind the scenes they are breaking down and they are getting desperate. So my friends, expect something which is meant to shock go down this Summer.

This and much more is covered in the video below, Enjoy…..

The largest U.S. credit-card company by purchases AMEX, today reported it will cut about 6 percent of its workforce  or up to 4000 jobs, as cardholders squeezed by rising unemployment fail to pay debts.

To be honest, this problem has been going on for far too long. The coming credit card collapse is really going to take its toll on the economy in the next 6 to 12 months.

I have heard rumors that people are pre-emting the collapse of these big credit card companies, and are going out and spending up big, like it is their last day on earth. Ummmm that’s a great plan!! NOT!

I even know one or two people using credit cards to pay their mortgage fees. Thats about the worst situation you want to get yourself into. But with people losing jobs, and others in financial strain, I wonder how many other desperate people out there are taking the same desperate action. Hmmmm, makes one wonder!!!!

While Maxing out your credit card on the notion that you probably wont have to pay a penny back is not really an intelligent thing to do. Assuming you have been watching the tricks and tactics of the US government lately, who know what will happen, when this problem worsens.

The sad thing is that as some of the big CEO’s of these credit card companies watch the zeros being added to their monthly debt, people will keep spending using the almighty plastic money. Spending money that you dont have is a big no no. Commonsense really!!!

I find it a valuable lesson and a ritual for people with credit cards to bring them out shapen the sissors and hack away like there is no tomorrow. I guess I belong to the small percentage of people that believe – A good credit card is a dead credit card.

There are many websites and newspapers out there, still talking about this devilish character Bernie Madoff. But can you blame them? Even though this event happened many months ago, and has left many of his rich investors penniless, it will obviously get a lot more attention.

But, the good news is..karma will catch up with Bernie real soon. It has a funny way of doing that.  ‘Tiny’ his new cellmate certainly thinks so, anyway!. LOL.

It could be the fact that he has broken almost all records for the most greedy, illegal ponzi scheme ever created, or just that greasy old sleaze bag look that annoys me. But I think there is something missing here.

hmmm…Let me explain….

Madoff got away with this evil ponzi scheme for many years. That’s not the shocking part!. What we must realize is that other crooks are currently  involved in similar activities but they too are flying under the radar!. This causes me great concern. Yes I am sure they are out there. And I don’t think Mr Madoff is the last one to go to jail over such heinous crimes.

Unfortunately in the current economic environment, this is a breeding ground for such personalities to come out of the woodwork. Our research in this area, has bought about some interesting results. We thought it was very important to share this data.

As the US economy continues to dwindle, expect to see the following trends develop;-

- Desperate people without money creating more illegal and bogus schemes.

- Those that study this Madoff strategy will try to rake in money from unsuspecting victims by incorporating similar tactics into their business plans.

- Companies with good marketing skills and empathetic towards those who have totally lost out in the market have the upper hand. Its always easier to sell to someone that is a desperate buyer, someone in need.

- Funds and investment gurus promising sky rocket returns will surface yet again. This is strange if you have seen how this market has been behaving lately. Be critical of schemes or investment vehicles that seem like they are “dangling the carrot” so to speak, and promising the world. If it seems to good to be true then normally it is!

I’m sure after such a horrible event, regulators are clamping down, which I think is a positive move. But remember that fear and greed still ravages the marketplace and the general public. People that are down on their luck and their life savings will be looking to take up such opportunities for a quick fix to their money problems. To make back what was rightfully theirs. Those tricked back in, will realize their mistake when a majority of their money ( the money they had left), will be lost again.

The emergence of these trends are something to take note of to insure the safety and financial security of you and your loved ones.

Finally….

To you Mr Bernie Madoff, Enjoy your time inside. I’m sure I speak for many people by saying….”Good Riddence Critter!” Tiny your cellmate will take extra good care of you, in your new home. By that, I dont mean in a ‘serve devishire tea and scones on a  Sunday morning’ sort of way!.