Thread: GROWING ECONOMIC CRISIS FACING AMERICANS

GROWING ECONOMIC CRISIS FACING AMERICANS

By Frosty Wooldridge
July 24, 2008
NewsWithViews.com

Not enough lipstick on this pig!

Can you define inept? How about incompetent? Ever hear of the word bungling? What about The Peter Principle? Try this on for size: systemic corruption?

Does Fannie Mae or Freddie Mac hit a nervous cord? What if you stored your money at IndyMac Bank?

Last week, a plunging stock market, bank failure, thousands of mortgage foreclosures and accelerating job losses at United Air Lines as well as Ford and GM—set Americans on edge.

“The centerpiece of the administration’s efforts was Treasury Secretary Hank Paulson’s plan to shore up Fannie Mae and Freddie Mac that together guarantee $5 trillion of mortgage debt, which investors fear could collapse because of bad home loans and diving housing prices,â€

It is just mind blowing. Just freaking mind blowing.

Originally Posted by Paige

It is just mind blowing. Just freaking mind blowing.

sums it up.

I believe it is Intentional destruction of the US monetary system

Originally Posted by AirborneSapper7

I believe it is Intentional destruction of the US monetary system

And our standard of living,soon most Americans will have to live 3 families per apartment just to survive,and thats the way the elites want it.

This is loud and clear.

Why? In the third world, corruption becomes a mechanism by which a society operates. Once entrenched, fraud inculcates every aspect of citizens and how they operate. Let’s use Mexico as a prime example. It runs on graft, fraud, crime, ‘mordido’ (bribery), elites’ primacy and maintains dominance by not educating the lower classes. Additionally, it manifests in political leaders, businesses and education.

FREEDOM OF SPEECH IS GONE, TOO. BUT, MAYBE A VOTE WILL CORRECT THIS MESS. OR WILL AMERICANS JUST BE PAYING FOR ANOTHER PROTECTED ELISTIST PUSHING THE SAME OLE THIRD WORLD CORRUPT SOCIETY, HERE.Why?

Remember this:

In the third world, corruption becomes a mechanism by which a society operates. Once entrenched, fraud inculcates every aspect of citizens and how they operate. Let’s use Mexico as a prime example. It runs on graft, fraud, crime, ‘mordido’ (bribery), elites’ primacy and maintains dominance by not educating the lower classes. Additionally, it manifests in political leaders, businesses and education.

Originally Posted by AirborneSapper7

I believe it is Intentional destruction of the US monetary system

I see it more as the gradual mental illness bought on by a bunch of beliefs:

1. Diversity (white people are bad)
2. Multi-culturalism (white Americans are bad)
3. No "immigrant" is illegal (American citizenship is bad)
4. We have a "global" economy (The American economy is bad)
5. We have to "offshore" American jobs (American workers are bad)
6. You sound like a "white supremacist" (patriotism is bad)
7. You sound like a "racist" (free speech is bad)

Since our elites believe these things it is no wonder they are so destructive.

Great film out on DVD now, "The Fall of the Roman Empire" made in 1964.
Emperor Marcus Aurelius handed off power to his somewhat mentally unstable son Commodus which signaled the end of the Pax Romana around 180 AD. Up until that time it was considered bad practice for a Roman emperor to hand off to the Empire to a son due to the fact that son's of powerful leaders tended to be weak and corrupt (kind of like the Minister's daughter syndrome).

Yet here we are with the end result of George Bush Senior handing off the empire to his dim-witted son, George W.

You can't ignore history...

http://www.imdb.com/title/tt0058085/

Ever think we'd be celebrating $3.99 gas??? This was in our paper this morning.


Sub-$4 gas a welcome relief

July 24, 2008
Recommend

BY KENDRICK MARSHALL kmarshall@scn1.com

Lake County drivers were eager to fill up their tanks at local gas stations Wednesday after fuel prices dropped below $4 for the first time in months.

There were long lines at many pumps in Waukegan, North Chicago, Beach Park and Zion as the price for unleaded gas plummeted to $3.99 or less.

rest of article
http://www.suburbanchicagonews.com/news ... S1.article

This is a really important article. I think this is the first time I have read anything specifically linking illegals to the bank failures. I'm going to send this to everyone I know and post it everywhere.

The banks need to suffer the consequences! No bank bailouts! Write your representatives. I think the huge bank bailout passed in the house yesterday.

I've been thinking about this, trying to make sense of it all. This is how I understand it, correct me if I'm mistaken. So the federal reserve funded all of these bad loans by buying bonds from the banks. The banks fail, the government bails them out, WE PAY FOR IT and the feds get their money. They are killing the middle class intentionally.

Added to Homepage:
http://www.alipac.us/article-3380--0-0.html