The Blood Flows

It's pure carnage for any investment/holding company right now. Let's review shall we?

Countrywide, Indymac, Columbian Bank and Trust of Kansas, Integrity Bank, Bear Sterns, Fannie Mae and Freddie Mac fell, Lehman Brothers, Merril Lynch, AIG are falling by the economic sword.

In addition, today Goldman Sachs is down 25% , Washington Mutual is down 10.7%, Morgan Stanley is down 33% and the Dow is down 300+ for the second time this week. Oh and theFDIC is running out of money to "protect" you. Guess you'll be paying yourself to get your money back.
Almost three years ago now, while all the "experts" were claiming there was no end in sight, I posted the following:

I strongly believe this will lead to a panicked sell-a-thon which will flood the market with overpriced housing, driving the prices down to at least pre-bubble levels. This will leave many holding large outstanding debts as much of their investment's value plummets.

Why would they do such a thing? I posted the following a few months before this. While the timing is off, the results are the same.

In order to achieve a Global Union, the current global problem solver, the United States, must be effectively removed from the picture. I believe that this will be accomplished by plunging the American economy dramatically, suddenly and then selling off her assets gradually over the next year ending roughly in June of next year.

The Real Effect
Ladies and gentlemen, this is not going to be pretty. The economy is hanging by a thread now, propped up by Federal debt and misplaced-optimism.

This is going to be difficult for many to follow, but I will do my best to explain how this cycle is going to destroy the economy and make the 30's look like the Promised Land. Right now there are several trends to follow:

• Iran - We just sold thousands of "bunker busters" to Israel. I wonder what they could use those for? Hmmm... And all this after we swore up and down that we wouldn't be helping Israel at all. There are reports of thousands of tanks on the borders of Afghanistan waiting to go in. (Timeframe: 3 - 6 months)
• Oil - The price will continue to fall or hold near this level as the "leaders" have sold off their oil at the peak a short time ago. For now, oil is not a factor, but will later play an enormous role when it aggressively retakes the amount that it has lost and then some. This will be the final nail in the coffin as it leaves many unable to afford energy. (Timeframe: 6 - 12 months)
• Russia -Go read Ezekiel 38. Did I mention they are taking an economic pounding as well?
  
• European Union -They will be hit by this economic downswing, but where the US will be ravaged by this downturn, the EU will "weather the storm" precisely because they are the EU. This will lead for calls to imitate them with the North American Union in order to survive. (Timeframe: 1 - 3 years)

The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checking, 401K, gold, assets, they want it all and will not stop until they get it. The only companies that survive will be those that primarily serve the industrial military complex. Overnight this country will be transformed into the new prison state for the Global Order. Get food, get water, get a gun and get ready to defend yourself.

Edited for appearance and labels on 5/4/2010. Spelling on 10/7/2011