What if money as such disappeared? We’re on the verge of a general economic breakdown crisis and it’s in process now in the Eurozone and America.
Excerpts from Lyndon LaRouche discussion June 16, 2012 on the impending world economic collapse.
Hold on to your hats, we’re going to have a rough ride. There is no security. You’re in an area of complete uncertainty.
You don’t know what’s going on. Act on whats the right thing to do. That’s all you have. If Holder tells the truth, Obama is likely finished.
The likely event is the system is going to break down. It won’t be a pretty sight. Under present trends, there is no chance of survival.
You cannot save the American economy without a National Credit System. A credit system is the only thing that will win the situation. We have options if we assert them.
Sell in May and go away, the popular and profitable Wall St stock market trading strategy, looks better than ever in 2012.
With the DJIA above 13,200 and the uncertainty with the European Union it appears the time is now to close out your position. Stocks certainly appear overvalued here.
Now may be the time to form your corporation, start a business or company providing that needed product or service.
Add in $16,000,000,000,000 of USA debt and the real unemployment number closer to 20% in America.
I’m advising my clients to take the money and run. We had a great 3 year run.
Buying in November and selling in April has historically worked best in the stock market.
“ We’re just printing money. The Federal Reserve is now I’m estimating a Trillion and a half dollars [$1,500,000,000,000] in credit to the EU [European Union].
This propping up of Greece is a farce. Greece is going to default, it’s going to further default, Italy and a whole series of other countries in the EU.
The United States housing market is headed for worse than depression levels. Real unemployment, if you measured it accurately would be more like 22 or 25%.
The number of people on dependency of the Federal Government: food stamps, unemployment insurance, you name it is growing everyday.
We’re not going to create any jobs in an economy where government regulations are so tight.
We’re on a straight slide down in to a continuing global depression that will make the 30’s look like a picnic.” – Dr. Jerome Corsi, PhD Harvard
Tella Vision Programming. “ Get a book, man. Reading is Fun ta Mental. Think! It ain’t illegal yet, but they’re working on it.
It’s called Tella-Vision Programming. They’re telling you visually the program. You’re being programmed. It was on CNN, it’s true. I’ve seen it on Fox, it’s real- It’s BS.” – Eddie Griffin
The comedy stylings of Eddie Griffin. Obama’s a puppet on a string.
And you know these wars are about money, money, money.
The United Empire of Earth. Learn the Chinese language.
Iranian-Canadian Mahmoud Reza Khavari was chairman of the board and managing director of Iran’s largest bank, the state-owned Bank Melli, until he resigned and fled the country for Toronto, Canada in 2011.
Prosecutors are seeking to question him and officials at several Iranian banks suspected of facilitating fraudulent rial and foreign currency banking payments totaling over $3 Billion USD.
BMI is owned and operated by the government of Iran and should follow the banking principles and practices described in the Islamic Banking law of Iran, only engaging in interest-free Islamic transactions.
Canada has no extradition treaty with Iran and they can not legally extradite individuals to countries that are likely to torture prisoners or impose death-penalty sentences.
Dr. Doom, Nouriel Roubini says the worst is yet to come.
The economic shock from the fall of European economies like Greece, Portugal or Italy leaving the Eurozone would be much larger than from the disorderly collapse of Lehman Brothers in their Fall of 2008.
If a Euro crisis unfolds, global growth would slow down and trade would shrink, with emerging markets also adversely effected by the fiscal train wreck.
“ Well, you know, I’m putting most of my money into cash. A sophisticated high net worth individual all 100% into cash. This is not the time to be in risky assets.” – Dr. Doom Nouriel Roubini
Michelle Malkin, author of the NY Times #1 best seller Culture of Corruption, fact-checking with Fox News host Sean Hannity on the recent State of the Union address.
Syndicated columnist, Michelle Malkin said “ It was amazing. It was quite a flaming pants on fire moment.
There were more warmed over leftovers stuffed into this speech than a Thanksgiving casserole.”
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