Without being dramatic about this we witnessing the now not so slow and no longer gradual bankrupting of the US. It is accelerating at breakneck speed.
Those seeing "for sale" signs out on the street have not seen anything yet. This is going to get MUCH MUCH worse.This is not the end of the beginning, this is merely the beginning of the beginning.
If someone told you 15 months ago that: the biggest US private mortgage company would fail, the US government's 2 mortgage companies would fail, real estate nationwide would fall 20+% and growing, the auto industry would ask for a $50 Billion bailout, the #3 and 4 brokers would fail, that credit default swaps on US treasuries would forecast a better chance of US bankruptcy than 9 other nations, that the largest US savings and loan would be on the verge of bankruptcy, that the financial health of the largest insurance company would be in question, WOULD YOU HAVE BELIEVED IT????? No way! It couldn't happen here. NEVER. The government would not allow it to happen. NEVER. Who would have said that Lehman brother would be toast! And WaMu too! 199 Banks on the troubled list.
Who would have said that U.S. government would take control of Fannie Mae and Freddie Mac, locking us into into the end of the U.S. dollar as we know it. The Freddie Mac & Fannie Mae bailout in Dollar terms is in the trillions! Bigger than the Chinese holding of US dollars.....This is not going to end well.
The banking and financial system is unraveling at the seams. Gold and Silver have been smashed pricewise to "block the exits".
We are on the cusp of a MAJOR financial crash that will rock the world and make 1929 look like a picnic.
The only thing that will prevent our life savings evaporating as the dollar conitinues it crash is the ownership of gold and silver. Now. Not tommorow, not next week. There is no time. This is all happening as we speak.Each week getting worse and worse. Gold bullion has been viciously attached by the powers that be, trying to bring gold down. This makes for the buying oppertunity of a life time.
And yet as this implosion is happening where is the media focused? What are we seeing on television? Anything but the poo thats hitting the fan. Watch for a New war in the Middle East to act as a decoy for the drama that is unfolding at home.