I'm forwarding this to those whom i think may have a direct interest and a
'need to know'.
Chris M. in this essay has probably made the best presentation that I have
seen analyzing our current financial problems and the consequences of the
nations most recent get rich quick scheme. And which is... not working
and.... seriously probably will take the system down with it.
And no one will be immune from the experience of this impending perfect
storm..
For those who might doubt this please consider this nation has two primary
needs to continue to function. Imported crude oil at a manageable cost and a
monetary/financial system that will continue to function on pure faith.
Which means the money printing press and people and business willing to
borrow money.... even at low interest. And which they are nolonger doing.
the dollar is now worthless and more so every day.
I was relieved that someone with credibility and Chris has that is stating
this is a one of a kind that we are confronted with.
As unfortunately even with it unfolding while the government and the banks
dig holes and try and cover things up.
This time it is not just recession and wait it out for one sector of the
economy to catch up. This one is going to bring us to our knees and i can
assure you the government is very aware of where we are going and has no
plans other than maybe additional denial and reaction.
Read Chris Martenson article below.
http://www.financialsense.com/fsu/editorials/martenson/2007/1217.html
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