A ponzi scheme is the cause of the American economic collapse ... nothing more ... nothing less

And so here we are today, hoping that everything will go back to normal, so that we can go back to borrowing and spending credit like there is no tomorrow. The ultimate credit ponzi scheme of enormous proportions, which totally destroyed the economy of not only the U.S., but also several other countries, who bought bundles of bad debt from the U.S., which was disguised as something valuable.
First of all, it was never normal to be living like that in the first place, but it seems like a lot of people were thinking that if they didn't live like that, then they wouldn't appear to be financially stable. Oh, and here is the kicker, the economy will never be the way that it had been for the past six and a half years. The rich elites have seen to that, and if you think that it can't get any worse, then you are possibly in some kind of a denial stage, and it could also be that you are still not paying enough attention to what is really going on within our government. Look for independent news sites like presstv.ir or rawstory.com
For instance, are you aware that only a selected few are going to be able to qualify for a credit card in the near future? The reason for this is because they have been studying our spending habits, so that they can tell who will be able to pay on time, and who will be likely to default on a loan. Yes, it's true, the study has been going on for years.
There is also a reason for all of this government intervention with the banks , insurance companies and the automotive industry. Some say that it is because President Obama wants to socialize America, and others are saying that he has a much worse plan for America than socializing it. The fact is, the government is totally broke and with that said, our broken economy can not be fixed. Now, I truly do believe that I was put here on earth, so that I can at least warn people about all the crazy things that are going to be happening, because of the greediness of wall street bankers and investors, and let's not forget all the corporations, who decided it would be better to send American jobs over seas.
With that said, my question is, "When the truth finally breaks out, and more people learn about it from a very reliable source ( a trusted news source ), are those people going to believe it, and finally get up off of their butts and fight, or will they decide to ignore it, and choose to do nothing about it. Well, I for one have chosen to do something about it. There are definite signs pointing in the direction of a much bigger catastrophe, which is projected to happen within the next few months, and it will make last fall's financial collapse seem like a picnic.
Yes, we will soon be tested, and I will warn you right now, you will be in total disbelief and shock, when the rest of our financial system collapses, before the end of this year.
As the U.S. dollar continues to shrink, and inflation finally makes it's ugly appearance, which seems to be already happening. You should already be noticing a rise in gas prices. My next question is, "how much more are we going to need to cut back on, so that we can keep up with the inflation rate, and still be able to pay off our credit card debts?"
Even after, we the tax payers, have bailed them out, the banks still expect us to pay them more, because they have the audacity to keep raising our interest rates, and lowering our credit line, even though we always payed on time, and sometimes even paying double, or triple the minimum payment amount.
Those greedy credit card companies, which are run by banks, need to be taken down soon, or all of our hard earned money, which most of us deposit into banks, will be lost because more and more banks will ultimately collapse, and even though they claim that the FDIC will save us from losing our money, there just isn't enough money to cover all of those banks that are doomed to fail this year. The next collapse will be caused by defaults on commercial loans.
The video that I have chosen is kind of mind blowing because it is about what will happen to the U.S., if the economy keeps imploding. View with caution.

Where does the blame for the housing collapse really belong?

When the red team blames the average citizen for the collapsing economy then we know that the red team is truly sick.
I recently took it upon myself to watch a speech that was given by Rush Limbaugh at a conservative gathering. I felt like I wanted to beat the snot out of him, by the time he was finished speaking.
How dare he put all of the blame of the collapsing economy on the lower middle class, which he calls poor.
These people, Mr. Limbaugh, would not have gotten those loans if the lenders would not have been able to lend out the money to people, who they knew would have a hard time paying it back.
It is a known fact that the deregulation's of the banking system were finalized during the time in which the Bush administration was in office. It then caused a conflict of interest within the banking industry, which then led to predatory lending practices. The lenders told their lending officers to push subprime loans, which was a trickier type of loan that was made to look like a good deal to the people, who never thought that they could own their own home.
The point of this blog is that people like Rush Limbaugh need to do a lot more research before they should be aloud to talk either on the radio, or in front of a room full of conservatives, on live television.
In conclusion, I believe that the Republican Party will fail if they don't get a handle on who they allow to speak on their behalf. Whether it be, Rush Limbaugh, Joe the non-plumber, or their newest media speaker, who is only 13 and not old enough to vote. Honestly, I am starting to feel sorry for the conservatives, who almost seemed like they had some of their wits about them, before these people started making them look like a laughing stock, and therefore, have all but lost their ability to appear legitimate to non- republicans. Oh, and let's not forget the unpopularity of the Bush Administration, which did a thorough job of destroying any credibility of the Republican Party. That alone seems to be the reason why the Republican Party is grasping for straws, so to speak, when it comes to trying to win back support of those republicans, who decided to change parties, because they were fed up with the direction that their party was heading.
My hope is that the conservative party will make adjustments, and to not be afraid to listen to someone's opinion without taking offense from it, but instead to listen, and to possibly learn something new.
The video that I chose for this blog is a response from a republican to Rush Limbaugh's speech, in which, he was obviously forced into giving an apology shortly after this segment was seen on television. Sad but true.

The collapse of the economy may have been planned

Did you see this economic collapse coming? Now that it is finally here are you now hoping that things will soon be back to the way that they were before the housing bubble burst? Please feel free to leave me a comment about your thoughts on this subject.
I for one, have been monitoring the economic situation ( among other things ) for the past few years, and was beginning to see a kind of pattern developing as time went on, but at that time I was hoping that there would be some kind of sanity to stop our monetary system from it's emanate collapse.
I do know that the course our economy has been heading toward, is not in the best interest of the people of this country, because the value of the dollar is not keeping up with inflationary rates.
The video that I have chosen for this blog will probably disturb a large amount of people who are not aware of the new world order. Many who are aware of the Illuminati and their new world order goal, understand that the bush administration has been working toward a one world order with a one world currency. The sad thing is that we Americans ( who are not already wealthy ), are going to suffer badly.
There will no longer be a middle class. The newer currency will have less value, meaning that all who have saved for their future retirement and those who are planning on retiring soon will lose up to at least half of their savings when this new exchange for the new economic world order global financial system goes into effect in the very near future.
My hope is that many people will come across this blog, so that they can be more aware of what is really going on with their money.
There is another sad thing that has already been happening to peoples money, even though the $700 bn bail out has been put into action, it has not stopped the markets from losing large amounts of the stock holders money.
I hope that you will leave a comment about how you are dealing with the collapse of our economy.