Monday, March 9, 2009

Obama HUSSEIN Equals U.S. Economic Collapse

Obama HUSSEIN Equals U.S. Economic Collapse

March 4, 2009
The Reality of it All

One by one, U.S. and global leaders are lining up to talk up their respective schemes to end this once in a lifetime economic collapse. Collectively they are putting on a unified road show to ensure us pawns that the trillions upon trillions being spent on massive, never-before-seen global bailouts will in fact work, and will save us from the oncoming freight train that is the Second Great Depression.

Listen and listen carefully folks; don’t believe a single thing they are saying. Let me put it this way; if their lips are moving, we are being lied to.

Here’s the truth of the matter. One by one our largest and once most respected mega- companies are becoming insolvent, and there is absolutely nothing that can be done to stop the process. The debt levels and derivatives held against this debt are just too overwhelming. In a period of unmatched deleveraging, where bank financing is nearly impossible to obtain, corporate America, the entire corporate world (outside of China), and individual funding is simply unattainable. Remember when Circuit City had to liquidate because a buyer could not be found and additional financing was impossible, causing 30,000 employees to lose their jobs essentially overnight? Now, extend that same process to thousands of companies worldwide and you get an idea of how ugly things are about to become. AIG, Lehman, Countrywide, Merrill Lynch, Citi, Bank of America, and Bear Stearns (just to name a few) have either completely imploded or are in the process of completing the implosion process. Worldwide we’re talking about $30 trillion in wealth that’s been destroyed in less than 12 months. Incredulous to even fathom isn’t it? And next up are GE, which has seen it’s market value drop from $500 billion in late 2007 to just $60 billion today. GE is literally days away from becoming a penny stock, and another of our latest zombie mega-companies. MGM, which has seen their share price drop from over $100 in October 2007 to just $2 today, now faces bankruptcy and a possible liquidation as well.

Over the next 12-24 months this sordid story will repeat itself over and over again. The money to fund our bankrupt system and lifestyle is gone and won’t return for years. Sure, our fearless (and powerless) leaders will continue to intervene and attempt to stop the bleeding, with trillions of tax dollars that our kids and grandkids will be on the hook for. But just like the 1930’s their efforts will fail, and beyond failing, will indebt a generation for decades to come. All the while the sheeple will continue to fall in line, lockstep…all the way down. Make no mistake about it, this is the path we are headed down.

Obama HUSSEIN Equals U.S. Economic Collapse

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