Archive for economic losses
Now, perhaps you recognize where this quote comes from?
” 29. Every kind of loan proves infirmity in the State and a want of understanding of the rights of the State. Loans hang like a sword of Damocles over the heads of rulers, who, instead of taking from their subjects by a temporary tax, come begging with outstretched palm of our bankers. Foreign loans are leeches which there is no possibility of removing from the body of the State until they fall off of themselves or the State flings them off. But the GOY States do not tear them off; they go on in persisting in putting more on to themselves so that they must inevitably perish, drained by voluntary blood-letting.”
Now some of the numbers of the magnitude of the catastrophe are coming together, and in some places sinking in…
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!”
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.
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.
Oh, one more thing: by the time AMERICANS get access to Fort Knox, it will be empty. Full of dust.