Wednesday, September 2, 2009

Financial Collapse summary - confirmed & suspected events.

This thread impressed me so much I am putting it here on my blog. All credit goes to ATS username: Ex_MislTech

We saw a failure of the 5 year bond sale of T-bills.

Then the failure of the 7 year bond sale of T-bills.

Below says US foreign Embassys are being told to horde
1 years worth of non-US currency due to a possible
lengthy banking shutdown.

Speaking of shutdown, 7 banks in one day went poof...

Close to 600 Bank of America locations to be closed.

FDIC top level official says bank closures to increase 10 fold.

By just their public financials they are forced to disclose
348 banks are either technically already failed, or 1% away
from it indicated in the orange on this spreadsheet.

They recently called back formerly retired FDIC workers,
and hired 600 more to get ready for it all.

I can see why she would say that with near 2,700 banks being
rated D+ or lower.

Over 1,000 Trillion in derivatives are set to implode.

Once they monetize the debt and start printing money like mad
to buy our own debt up, they will devalue the currency and
turn the US into a modern day Zimbabwe.

They outline how this is likely to happen in these three videos.

The tax revenues have dropped more than anytime since the Great Depression.

The real U6 unemployment rate is closer to 21%.

34 million ppl on food stamps, more than ever before.

The World bank says we are entering a Deflationary Spiral.

The FIVE sucker's rallys after the 1929 crash.

100's of thousands of stores to be closed per retail maven.,-Retailers-in-a-

How all of this and more has been arranged on purpose.

While some of the above may be hard to believe, this is
not the first time that things that were hard to believe
ended up being true.

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