front, the real bomb hits in 2011. Banks could lose $200 - $300 billion, and 'every American' could be affected.... Source: Business Insider.com
I know everyone is in to predictions on 2012. Some say it will be the end of the world or there will be some sort of Armageddon.
But I don't think we have anything to worry about. Because the big bomb is going to come in 2011 or sooner.
Well let's just say a little birdie from the Congressional Oversight Panel told me.
But it gets worse and here is my prediction:
When commercial real estate totally collapses in 2011, the government will just create another several trillion dollar bailout. Then the government will proceed to sell off nearly all of the assets of the United States and turn them over to private corporations. The government will say it can't pay for social security, medicare, and other social programs and shut those services down.
This is called an economic hit on the American people.
We just recently went through a huge economic hit with the bust of the real estate market bubble and the trillions of dollars Bankster Bailouts.
If you have been paying attention, you will notice the propaganda in the managed media is not that we shouldn't have given the Banksters trillions, but that we can no longer afford social security, medicare, medicaid, or any other social service.
The Big Lie told over and over (so people will believe it) is that people have to learn to live within their means and not depend on the government because we just can't afford a social safety net, according to the propaganda machine of the government/media complex. It is funny, however, that same reasoning is never applied to the too big to fail Banks and the Corporate Welfare Kings.
Maybe it looks a bit grim. But like any prediction, it doesn't have to happen. We just need some people to wake up!
Or people can continue to get mad and go to a Tea Party run by the same corporate sell outs that brought them the Republican Party.
Somehow I think my prediction is pretty safe.