Hello. Its been a few days. Not that there hasn't been any news, I simply needed a break with school winding up and all. The news gets uglyer. So lets get on this beasty.
The News:
Our country is Bankrupt, make no mistakes guys. The banking system maybe be nationalized very soon. The Fed now already has control of the Bank of America and Citigroup.
US Banks are insolvent!!
Investors beware: U. S. banks may be nationalized
Nationalization Gets a New, Serious Look
I'm not sure if it will happen or not the amount of debt is so large, I am not sure if the government wants to even touch it. Smaller banks will continue to fail as things are going. Sadly the average person won't see a dime of bail-out money.
Iceland's government has collapsed:
Financial crisis causes Iceland's government to collapse
California's unemployment rate continues to rise:
State's unemployment rate soars to 9.3%
Job Losses:
Target Cutting Jobs
Sprint cuts 8,000 jobs
Starbucks to reportedly cut another 1,000 jobs
Caterpillar slashing 20,000 jobst
Home Depot to cut 7,000 jobs
Pfizer to buy Wyeth for $68B; cut 8,000 jobs
Alcoa to cut 15,200 jobs, slash spending
Harley-Davidson Cutting 1,100 Jobs
Texas Instruments Makes Over 3,000 Job Cuts
All told just yesterday 71,400 jobs were lost earning Monday January 26, 09 the title bloody Monday
Bloody Monday: Over 71,400 jobs lost
This is only the beginning folks, so what to do...Keep preparing. What if your bank fails, well here is what military.com says:
What If My Bank Fails?
As this downward spiral continues, I really don't think it will matter if your bank is safe or not. The currency itself is collapsing. People throw around the word trillion so easily now. This number is impossible to understand. If you counted one number per second, it would take you around 31,000 years to count to ONE trillion. The official national debt is around 10 trillion +. The debt slavery we are now experiencing will never be able to pay this off, and this number is anticipated to grow far more as the fiat fiasco continues.
Some things you need to know about, that keep me awake at night:
Readiness Exercise 1984
Civilian Inmate Labor Program
The following bill was introduced to congress a few days ago:
H.R. 645
"Sec 3:
(1) capable of meeting for an extended period of time the housing, health, transportation, education, public works, humanitarian and other transition needs of a large number of individuals affected by an emergency or major disaster;"
They are going to set up Fun Camps!
Ron Paul at work:
I will continue to keep you guys appraised. Keep getting ready! Have a wonderful day.
You may delay, but time will not.~~~Benjamin Franklin.
Prov.
27:5
Open rebuke is better than secret love.
With Love
Joshua F.
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