I have also seen the equivalent to this tent city in Fresno. And I'm now
reading 1 in 25 people in New Orleans are on the street.
But what tent cities really are is designated refugee camps.
This is just the leading edge of deep problems coming to all urban areas
fostered by the...current... national economic melt down.
And please note: In this video that the people being shown are not 'those
people' which is a verbal description of the bottom of the barrel. Maybe
they where selective but they sure look like our average former neighbors
and now without the burden of any possessions.
As to the BearStearn.... 'Poof the magic dragon' disappearing act. We'll if
you haven't heard.... it finally went to JP Morgan for a 2 buck song. It had
been $170 a share last year and thirty or more on Friday.
Also remember they told us on Friday BearStearns was going to be saved which
didn't make sense as they had been working on the comatose still form all
week.
Now one guess as to what that is telling us. Right! the other investment
banks still standing and though shell shocked they also just got down
graded.
What they are holding is allot of the same thing BS was clutching before it
took the fall.
So did the FED and JPM really save the day or line up the rest of the
"investment banks" for a mass execution.
Put another way...If you had money in one of those investment banks and it
is mostly trusts and retirement funds like Calipers... what would be coming
to mind? Right, where is the door and can I get their first?
Banking is ALL hocus pocus and always has been. It's all pretend and we can
all play. No pretend... no play, is how banking exist.
It might be prudent to consider having some cash on hand because if this
cascades the government is not going to tell us....melt down or.. ...bank
holiday.... is straight ahead. This is a term we have not heard since the
early thirties in the U.S. and since banks at the basic level are a pure
scam and if it was explained to most folks they still wouldn't believe it.
Banks going to holiday status is the most frightening thing that can happen.
If you have money (CASH) in a safe deposit box you probably will be immune
(safe) to the instant problem this would create. They allowed people into
the boxes when it happened in the thirties or so i have heard.
Today if this happens the lock up would probably come on electronic
transactions and which 'might' include personal checks.
And I know..."Why they wouldn't do that, and besides i would write my
congressperson."
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