the crash awaiting
What a load of left wing liberal garbage!!
SECOND GREAT DEPRESSION BY JULY!
AND IT WILL BE FAR WORSE THAN THE FIRST
BY BRETT ANNISTON
WEEKLY WORLD NEWS
JUNE 6, 2005
(Deborah's Note: Some people may dismiss information in the Weekly
World News as fictional. Considering all that I observe happening in
the U.S.A. with the relocation of millions of Americans' jobs to
foreigners overseas and illegal aliens and green card aliens taking
so many millions more of Americans' jobs plus the information in the
Internet articles I received about an economic collapse, a Second
Great Depression sounds very real to me. Below I'm putting some
quotes from the Weekly World News article. Below those quotes, I'll
give some wise advise about preparing for a Second Great Depression.
Then portions of the Internet articles about an economic collapse are
"The Council of Economic Advisors has delivered a secret report to
President Bush warning that the United States is on the brink of a
Second Great Depression, due to arrive in mid-July!"
"An economic tsunami is about to slam into America, warned top Wall
Street financial analyst Susan Lurkowitz, who has multiple contacts
on the council."
"According to the council's projections 3.2 million Americans will
starve to death within the first year of the Second Great Depression
and 68 millon more will perish in the social upheaval spawned as our
country falls aprt."
"We project a profound Depression that lasts up to 28 years."
"Some of the horrific predictions found in the report: Widespread
business failures will leave 80% of Americans jobless; As large banks
collapse like dying stars, they'll call in all loans, including
mortgages - turning millions of Americans into homeless wretches;
Somalia-type famine will sweep the nation as both family farms and
giant agri-business firms go belly-up; Enormous mobs of looters,
numbering in the thousands will ravage citiies and towns too bankrupt
to pay police; With citizens unable to afford medicine, the spread of
diseases - including many not seen for centuries - will be rampant,
epidemics of cholera, TB, polio, even the bubonic plague are
"Despairing Americans will turn their backs on the church, returning
to pagan religions and even selling their souls to Satan."
"Also, sales of assault rifles will skyrocket as homeowners try to
protect their dwellings from "wolf packs' of starving, disease-ridden
crazies, Lurkowitz predicted. I'm advising all my clients to invest
in the gun industry."
(Deborah's Note: It would be wise for anyone that has any land or
yard space where they can plant a garden to do so. It would be
wise to plant fruit trees and nut trees. It would be wise to advise
other people in your city to do such planting also. I'm referring to
more than just your nearby neighbors. If you belong to any groups,
such as churches or other organizations, advise people at those
groups about a coming Second Great Depression and that if they have
any land or yard space about doing such planting also. Everybody that
can plant should do so abundantly to be able to have more than their
family needs. There are already lots of disabled and elderly people
that don't have sufficient food, because their income is below
poverty level, that would appreciate gifts of such fresh produce.
Some people live in locations where they can not plant a garden, such
as apartments with no yard space or a landlord that doesn't allow
them the freedom to plant.
Churches and civic groups should find many locations where community
gardens can be planted. Healthy people could work in such community
gardens for a share of the fresh produce. Implement security measures
as needed to make sure the workers get their share of the produce
from such community gardens. Here are some suggestions of locations
for such community gardens: church yards, school yards, city parks,
national parks, vacant government owned land, privately owned vacant
land that the owners allow to be used for community gardens. To give
people the knowledge they need about how to do gardening,
communities could offer free gardening classes at churches and
schools. Organic gardening is the best type of gardening.
Some people that become homeless may have families they can move
in with. For the ones that don't, more homeless shelters are needed.
Many cities have built recreation centers which they didn't really
need. The recreation centers should be turned into homeless
shelters. With a united effort, the worst case scenario of so many
people losing their lives may possibly be prevented.)
RENOWNED FUNDS MANAGER SEES
GLOBAL ECONOMIC COLLAPSE
by Al Martin
(May 30) There was an interview on CNBC of the renowned funds manager
Julian Robertson. He is one of the greatest of the old-timers. 53
years on the Street. He manages the Robertson group of funds. They
used to call him, still do call him 'Never Been Wrong' Robertson. He
has predicted every economic cycle, every debacle, every bull market,
and every bear market.
Robertson was actually a teary-eyed, an old man. When Ron Insana
asked him about his predictions, he said that he's worried about the
speculative bubble in housing and the fact that more than 1/4 of all
consumer spending is now sustained by that bubble, plus the fact that
20 million citizens could lose their homes in a collapse of the
speculative bubble in housing, and that the Fed and, indeed, central
banks worldwide would act in concert out of desperation to reinflate
the global economy in the process, creating an inflationary spiral
unheralded in the economic history of the planet.
Insana then asks, "Where does it end?" And he said, "Utter global
collapse." Not simply economic collapse; complete disintegration of
all infrastructure and of all public structures of governments.
Utter, utter collapse. That the end is collapse of simply epic
In 10 years time, he said, whoever is still alive on the planet will
be effectively starting again.
And the comments were so negative. I've never heard anything like it.
From a guy who was 53 years on the Street. This is Julian Robertson,
the renowned Republican. And yet he blamed everything on 'the
Bushonian Cabal,' that the Cabal has now consolidated power and money
on the planet to the maximum extent possible. That the planet's net
liquidity-that is, net free cash flow-is now a negative number. That
the planet is not simply sinking into a sea of red ink; it is already
sunk. The people just don't realize it yet.
The enormity of it was such that he said that the Bush Cheney regime-
calls them 'the Bush Cheney regime' (I swear this guy must listen to
me) the Bush Cheney regime is preparing the nation for transition
from democracy into dictatorship because a dictatorship that will be
necessary to control, not civil unrest. That isn't what he said. He
said that it will be necessary to control, in 5 years' time, food and
water riots. He said the federal government, that part of Patriot II
Act, the internal exile, that the government is going to have to
build now huge detention compounds on federal lands, probably in the
West where the land is available, to potentially house 50 million or
more citizens that will be in financial ruin. Food production will
fall. And any further effort to control environmental destruction
will be abandoned. Inflation will run into the double and eventually
*Total collapse of public infrastructure. Total collapse of medical
*All public pension plans, Social Security will collapse. All
corporate pension plans will collapse. I've never heard anything like
it. But he backed that up with some fabulous statistics that I have
pointed out before in various articles. What he did is did it all in
literally one statement literally. But, 14% of all real estate
transactions now being interest-only mortgages, and another 14% of
people now, that, when they bought their homes, originated more than
100% of the purchase price in the mortgage and then borrowed
further. This was on the Ron Insana show on May 24, 2004. I mean, it
was absolutely extraordinary. And he had pointed out all what we have
pointed out before. What he talked about is he globalized it a lot
more than I have in the past by saying that the American consumer is
effectively now supporting the rest of the planet, which is true;
that consumption rates in all other nations are falling, have fallen
to the point that the tax revenues to governments, that the business
and industries those nation states are providing is now a net
negative number relative to total debt service and public cost, that
this exists in virtually every nation state on the planet now.
And he pointed out, more importantly, and I'm trying to think how we
imply this or how we express this to the people, what extraordinary
times we are living in and how the destruction of the planet has been
engineered by the Bushonian Cabal from 1980 to 1992, and then from
2001 to present, which has effectively destroyed the economic
liquidity of the planet.
When Insana asked him, you know, he said he had sold all of his real
estate and he was moving into one of the new super-secure compounds
for wealthy Republicans for when the 'barbarians will be at the
gate.' He said, "Ron, those barbarians will be potentially a third
of the American population."
Ron asked, "What are your friends doing?" The implication being
wealthy Republicans. And, this is interesting, he said everyone that
he knew that had a home worth more than a million dollars in the
United States has sold it. They have sold all of their landholdings.
They have liquidated all U.S. securities. They have bought a
townhouse or something in one of the new ultra-high secure semi-
secret Republican compounds with the barbed wire and the machine
guns. And then they also own a home, like, in the Cayman Islands or
somewhere in the Caribbean. He spoke of the new Republican high-
security compounds that are being built throughout the Caribbean,
and even in Switzerland. And this what he points to: He said the new
wave, or where the wealthy Republicans are going in their housing -
and he's right. It tells you much about what the wealthy Republicans
think of where this planet is going: that they all want to live in
these ultra-high security communities that haven't even been built
yet. And we're talking about not simply the guards at the gate.
We're talking about communities the security of which have never been
built before. He's referring to is these new gated communities that
are being built with the 18-foot high walls and the machine-gun-
toting guards and underground food lockers, cryogenic food lockers,
and their own power plants, their own water. But it bespeaks volumes
of where the top 10% of the nation feel the planet is going. The
only thing that keeps popping into my mind is - what is it going to
look like in ten years time?