Diary: the fleecing of America

Whether contrived, or by greed, the bankers are killing America.

15% approximate real inflation.

Merrill Lynch 30 billion dollars of paper worth perhaps 25% of it's original value. The rest of Wall Street is in a similar position.
All the banking systems in America and abroad are teetering on bankruptcy.
Due to Arizona passing laws against illegals, they will migrate to California. Crime in California will come to be so bad in places it will rival Zimbabwe.
We are facing the complete and utter destruction of the American banking system which will fall prey to foreclosure or sell off of shares. American infrastructure, roads, bridges, factories are being bought up by the foreign wealth funds with increasing occurrence all to try and bail out the banking industry.

This will be ongoing for years down the road .America is bankrupted.

The banking people have leveraged the bad paper into the stratosphere, prepare as best you can because this is going to get very desperate. Over the next few years a nightmare will unfold. A depression as bad as the 1930's and perhaps worse. It could arrive this year, or next year. But it will last forever in your psyche.

Financial analysts won't tell you this, or they will lose their jobs .

Other Central banks including in Europe, Japan,and Canada are taking out loans from the American Fed of 100 billion
to help save the system in America by spending the same money they borrow from the fed to help fix the problem.
But this won't save it. This is only the tip of the storm that is approaching us that we are seeing now, over the course of the next 3 months things will begin to unravel with greater speed, when the banks have to comply with FSIB rules which will set the price for the bad Paper that was so readily leveraged to the moon by the greedy bankers in America and then sold fraudulently to the world as triple A paper.

2 trillion dollars in bad debts worth 25 cents on the dollar, all the banking institutions in America holding 100's of billions of dollars of this toxicity.
The collateral being given to the fed for the loans to the banks is more often than not bad paper, which means the loans are monetized and thus subject to immediate inflation.The banking system of the western world is insolvent !

These are the 2 choices they have left to address the problems:
1) A purge of the system with uncontrolable deflation, which would be the right way to do it.
But they have chosen option
2 ) Inflation which they have some control on will be shattering for Americans .

You 're going to see real world losses through inflation of 25% or more. You can couple this to a dollar that has already dropped 40% in the last 5 years which is certain to drop another 50% over the next 5 years. In fact we are facing the next depression which will be a lot deeper and a lot wider than the 1930's depression.

The American bankers and govt. are the most fraudulently corrupt people on the planet.

That they are manipulating the stock market indices is a given.

M3 is running around 16% when normal is 5% .

Is there any wonder that pre-emptive wars of choice, as opposed to necessity, are going to be waged by America for years to come. The American people are faced with frozen wages, real inflation thats coming at them at 15 % in 2008 , a dollar thats going to bottom out at 20% of its value of five years ago.

And FEMA work camps for those that can't cope!

At a time when Americans are tapped to their eye balls in credit debts and foreclosures, you can look away, in hope it all goes away.

But it can't go away. It is too big to go away.I won't say buy gold because I believe that is a wrong response. I will say buy tangibles like food and medical supplies. Look for large layoffs and reduced wages in 2008 at a time when everything is unraveling. These figures I have posted are very conservative .

source : The international forecaster