Margaret Schaut

One more conservative viewpoint on the world at large.

Economic Panic Begins- Ron Paul Can’t Save This!


panic button

Now some of the numbers of the magnitude of the catastrophe are coming together, and in some places sinking in…

The One Worlders are going to be pleased with the magnitude of the damage. They’re going to walk away with the assets of country after country for almost nothing!

Ron Paul isn’t going to be able to fix this. There IS NO FIXING IT without selling our souls into slavery and being electronically chipped.

Listen to the rising screams – be prepared to cover your ears because it could be painful:

HOLY FREAKING FINANCIAL ARMAGEDDON, BATMAN, THAT’S A MIND-BLOWING 4.2 TRILLION DOLLARS OF LOSSES!!! Yes, you read that correctly, that’s trillion with a “T” and this combined total is close to one third of the entire freaking US Gross Domestic Product, which has just been flushed down the toilet in a matter of months!”

Ouch.

But, there’s MORE! Stick something in your ears…

“…We can thank our farcical, fraudulent, feckless Fed, no one knows where the freak any of these losses are or who the walking-dead victims are! This is like a financial nightmare adaptation of George Romero’s horror classics “Night of the Living Dead” and “Dawn of the Dead…..it’s like playing Russian roulette…In fact, we’re starting to feel some of that bone-chilling horror ourselves as we try to wrap our minds around the immensity of these problems. What have these madmen done to the world economy?!”

Caught your breath yet? Take a second and ….

“the magnitude and consequences of such losses are completely unprecedented and beyond the ken of mortal men! We are told that there are 450 trillion dollars of notional bond debt covered by interest rate swaps, which is about thirty times US GDP. This is madness.”

Plug them ears BIG TIME…

“There’s another 600 trillion of notional principal wrapped up in these weapons of mass financial destruction. That’s forty times GDP in notional principal. Who was asleep at the wheel while these puppies multiplied? For every trillion of notional principal, all those who are on the wrong end of these thermonuclear devices by only a 1% differential between fixed and variable rates get to eat 10 billion in losses.”

Ready for more?

“And remember, the Fed cannot control the creation of credit by non-bank institutions which are also getting hammered. The bank’s that dabbled in toxic waste must either borrow reserves from the Fed, or call in a total of demand loans equal to 7 or 8 times the amount of reserves that have been lost or they will become insolvent and have to be liquidated by the FDIC which in the end won’t even be able to pay losses at pennies on the dollar as the entire financial system comes tumbling down unceremoniously”

While all this is happening, the over six hundred billion in home equity loans that fueled consumer spending last year have been completely cut off. Two trillion dollars of home value has been lost on account of declining home values as the real estate market explodes and goes down in flames and who knows how much in stock losses has been suffered since the end of 2007.

And the obvious outcome, so far?

After this utterly magnificent debacle is all over, visitors entering the United States will be given the following greeting by US customs officials: “Welcome to the United Banana Republics of America. Please watch your wallets as former central bankers are known to inhabit these territories. Due to the high concentration of unemployed bankers, brokers, loan originators and real estate agents, the use of shark repellant is highly recommended. In the UBRA, only gold and silver coin is acceptable as payment for goods. If you brought paper money, that’s fine, since you can always use it as fuel to keep warm. We hope you brought your own food because we don’t have any. But if you want to drink some ethanol, we have plenty of that. It has quite a kick too! We use it stay inebriated so we don’t have to deal with our problems, which are endless. Be advised that you enter this country at your own risk. That is because all weapons have been confiscated, so you’re on your own. Have a nice trip!”

Finally, or almost finally…

When the smart money finally gets a grip on all this madness, gold is not going to through the ozone. Gold is not going into the stratosphere. Gold is not going to the moon. Gold is not going into the solar system. Gold is not even going intergalactic. Gold is going inter-dimensional as it passes through a wormhole and explodes past the Einstein-DeSitter radius at the outermost bounds of the visible universe!”

He does point this out: the grossly understated loss figures that the three stooges of our financial system, meaning our corrupt government, Wall Street and corporate America, would have us believe! “

We need to be clear about this. The Constitution is ALREADY suspended. Our own military is GONE. Privatized militaries have been hired, with immunity from prosecution for shoot-to-kill crimes. We do have penitentiaries all ready to house millions of people, though clearly it won’t be a ‘three hots and a cot’ situation when everyone else is starving…

We aren’t going to make it to the election before the world changes, at least, so it seems.

While we’re working to get Ron Paul elected, we also need to be working on our representatives to RESCIND THE MILITARY GOVERNMENT- NOW.

When the collapse actually occurs, it will be too late.

God bless you all, my fellow Americans.

Read the entire painful thing for yourself.

Doing the math that can be done from those figures, we have lost at a minimum, about 720 times the entire GDP of the US so far, not including stock losses, and using the least of the potentials.

And THEY have the nerve to call this ‘poetic justice’:

Even billionaire Warren Buffett, known as the Sage of Omaha for his investing Midas touch, has been critical: “It’s sort of poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end,” he said. But is it poetic justice when we all end up drinking this Kool-Aid? Even sicker is while masses get slaughtered, a few walk away very rich.

Read it here….

Oh, one more thing: by the time AMERICANS get access to Fort Knox, it will be empty. Full of dust.

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8 Comments»

  Eric Hundin wrote @

I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

Eric Hundin

[…] Begins- Ron Paul Can’t Save This! Published in February 24th, 2008 Posted by in Uncategorized Economic Panic Begins- Ron Paul Can’t Save This! “While all this is happening, the over six hundred billion in home equity loans that fueled […]

[…] post by Margaret This entry was written by and posted on February 23, 2008 at 10:39 pm and filed under Fixed […]

  Diane wrote @

My prediction (and pray to God I’m wrong) is that there will be a Fed-induced crash, worse than 1929, between now and October. Bush will call martial law, cancel the election in Nov, and will remain president indefinitely, or at least long enough to fulfill his Daddy’s dream of a New World Order. Sorry to be such a pessimist but it’s sure heading in that direction…..

  John Howard wrote @

This is all negative nonsense. I know everything is perfectly OK because I watch TV. You people need to come in out of the fresh air and watch more TV. You need to buy more stuff and trust your leaderships. Pessimism is unAmerican. When I start to worry, I just wave my flag. We should all wave our flags and have faith in our brave law-enforcement personnel. The problem is tax-cuts. We need more money for our public servants, especially our brave law-enforcement personnel. And our government school teachers who spend all day teaching our children what to think.

[…] Ron Paul Can’t Save This! Published in February 24th, 2008 Posted by in Uncategorized Economic Panic Begins- Ron Paul Can’t Save This! …six hundred billion in home equity loans that fueled consumer spending last year have been […]

[…] the msm has admitted what Ron Paul, and his ‘loony’ Paulites have been talking about all […]

[…] That debt alone is 14 times what the world can possibly produce each year! […]


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