President Barrack Obama signed the Dodd/Frank trojan horse, coined the Banking Overhaul Bill today.
Here’s a passage gleaned from this AP overview…
Derivatives companies must set aside money to cover possible losses. And the companies can be punished for using derivatives to mask the health of a business or government. The idea is to block deals like the one Goldman Sachs was accused of arranging to help Greece hide its deficit.
Ignoring of course the entire POINT of a derivative for a moment, guess where a major chunk of the money needed to back all this is likely to come from? Yep, you guess it, the same place it did last time, the Stock Market. So I hope you can see this Bill for what it really is, Collapse II the final episode.
Remember the rule…If you want to know what is really going on, look at what they are focusing on and turn it upside down.
The entire focus of this Bill is to prevent a Panic<<, so expect it to produce exactly that…a Panic.
I give this a few days, maybe a week of Euphoria by the naive believing Happy Days have been restored, followed by the hard reality money must be raised. The equity selling will be slow initially, however by early September, let’s say 9-11-2010 to be stylish, the final plunge of the roller-coaster will commence as many big players head for the exits (they have no choice now). The Panic will be a similar repeat of the last and will take the Dow probably down to around 5,000 when Marshall law will be imposed and the USA will be formally dissolved as we know it.
Once the dust settles Obama will impose Sharia Banking and the complete takeover of the United States by Muslim extremists (Oil money basically) will be complete. The operation complete despite the nation having the most powerful military the world has ever know.
This new Sharia Banking will be pitched as Fair Market Banking, an offshoot of their silly Fair Market Accounting/Mark-to-Market crap which started all this mess in the first place. The G20 will be front and center in all this.The masses will clamor for the reform from the evil bankers. They will demand Obama end it and restore “free market capitalism”, i.e sharia banking.
Do not be fooled my friends, the current situation is 99.99% the result of a financial Jihad against the Western Economies. We are being dismantled by design. 9-11 was the kick-off and the War has not stopped since. They are now in the final stages of a classical Pump-and-Dump.
So what’s ahead after the final collapse of the financial system?
Things are going to get far worse than they are now for most Americans. Unemployment is going to +30% easy. Vast numbers of Americans will be on food stamps and assistance. Businesses will be folding by the hundreds daily. Areas which have so far been untouched will see their local Real Estate markets implode. Losses of 50% will be common.
Look we are hanging by a thread and this bullshit today has cut the string people. We are now at the point where the thread has been cut, we begin to see that, shit our pants, and down we go.
I will refrain from saying they will be starting a Nuclear War and blaming Israel, but I would not rule that out as horrible as that would be. Many will welcome a War because the theory is, Wars stimulate the economy. Course millions maybe dead from nuclear fallout so invest in body bags and coffins.
Here’s a link where you can find an audio interview of Arch Crawford. Crawford is a high rated Stock Market Analyst who uses..gasp…Astrology…. to predict Market events. His crystal ball is saying by the first week of August 2010 conditons will be similar to when Rome fell and WW II started.
Anyhow if you missed it, China now also has an Oil spill of their own, caused by a mysterious explosion. Hmm sounds familiar-mysterious–explosion. Funny the Arabs never seem to have any trouble getting the oil. Al Queda must be busy.
China’s largest reported oil spill