Market Tickerposted this. It speaks for itself. This is the beginning of the end for the banks. They will not be able to hide this as they have the collapse of the residential real estate market. This will show on the books. People are going to refuse to pay these jacked up interest rates and fees. Without them, the banks will not be able to paper over the losses they are now hiding. Because we refuse to accept the fact that we must deleverage our debt we are going to see it forced upon us. There will be no order to the collapse. Our leaders will try their damnedest to deny it is happening. Most people will be willing to accept this hopelessly rosy scenario and will not have prepared for what is coming. Our window of opportunity for readying ourselves and our families is slamming shut. If you haven't accepted the inevitable, I pray for your future.
"The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.
Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts."
"Children, it is the last hour; and just as you heard that the antichrist was coming, so now many antichrists have appeared. Thus we know this is the last hour. They went out from us, but they were not really of our number; if they had been, they would have remained with us. Their desertion shows that none of them was of our number. But you have the anointing that comes from the Holy One, and you all have knowledge. I write to you not because you do not know the truth but because you do, and because every lie is alien to the truth."
1st John 2:18-21
“The hottest places in hell are reserved for those who in times of great moral crises maintain their neutrality”
Dante Alighieri
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.”
John Quincy Adams
“Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action.”
George Washington
“If once the people become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions.”
Thomas Jefferson
" I come from a state that raises corn and cotton and cockleburs and Democrats, and frothy eloquence neither convinces nor satisfies me. I am from Missouri. You have got to show me."
Willard Duncan Vandiver
"The issue is, to use a sporting metaphor, whether in the game of life the government shall captain the national team or shall act as referee."
S. Harcourt-Rivington
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
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