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.
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