February 23rd, 2010 | 
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=> you have just lost your high paying job together with thousands more
=> Your house price has just crashed 30%
=> you have been putting all your savings in to your house but with the reduction of 30% basically you have lost all your savings.
=> You are unable to refinance cos you do not have equity on your house or any real other savings.
=> Your retirement savings via your sharetrading puraches pensions find has just crashed 50%
=> Now you going to be on the street cos the bank wants to repossess your house.
=> all your doller savings worth half as much as before the US doller crash
How do think the average American is going to Feel when this happens to him , through no fault of his own….
Crazy to think ha…but this looks very much like realty.
I think a riot/civil unrest /protest is on its way….
This what happend in Iceland before the country went bankrupt… total anacky
This is what may happen to United Kingdom ,and United States cos they are heavy in Debt with there economy in free fall.
American Economy will not recover any time soon, its in a death spiral
Sub Prime crisis caused the current economic crisis , now the prime borrowers are also loosing there jobs so the second stage of the economic crash is coming this time caused by the Prime borrowers not able to refinance or even get a JOB, this will require an rescue of the Banks( In trillions of Dollars) the second time(America can not afford this), This a staged collapse of the American economy happening in stages but will accelerate until the America officially declares Bankrupt and then has to devalue the currency and get a rescue loan from the IMF to restart there economy. They will have to increase the Interest rate to say 15% and have a sustained period of depression before there economy will recover may be after 15-20 Years.
America will go from a Developed nation to a developing nation after this crisis plays it self out, just like every other country they will have to bring in there spending and start to save before they can spend like before. This is what is in for America in the near short term.
Hopefully communities will get together help each other to weather this crisis rather than go in to a total Anarchy riot and Mugging killing , remember New Orleans , i hope this does not happen in America.
one way to fix this problem…
http://en.wikipedia.org/wiki/Official_gold_re …
currently have 8,133.5 tonnes in reserve =
they could sell all the gold reserve (highest in the world last time i checked doller was backed by gold in the 70′s ) they have in the reserve (at the current inflated prices) and pay off all there debt i think they should do that.
(http://en.wikipedia.org/wiki/Official_gold_re …)
i trillion = 1,000,000,000,000 dollers
USA gold reserve at current price = 8,133tones * 1000000g(per tonnee)*$34 (per gram)=$276522 000000
Jarrod Celentano
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For the gold as you indicate.
An education it just shows that you are easily manipulated be careful you missed bunch of this is the only thing read into this is the only thing read.
An education it just copy and spelling are prime candidate for brain washing looks like some weirdo sect already.