They said this is the "setup" time for an eventual collapse. The problems of 2 weeks ago was generated by only a tiny % of defaults but THEIR NEW MODELS PROJECT SEVENTY PERCENT of all subprime loans will eventually foreclose in the next 12 or so months. 70%The hardest hit states are expected to be in the South, and MI and CA.
October is the next month for major adjustments in subprimes, and you should expect trouble. If they go up, teetering foreclosures will skyrocket into failure. The Fed's promise to do what is needed won't work because they won't bail out what is needed.
They said what America has to come to realize is that "Wall St." as we know it is over, a new system must result, and if steps are not taken, a severe crash is UNAVOIDABLE that FORCES a new system. The old system CANNOT be carried much longer.
Here is what else I am hearing as well. The problem is CATASTROPHIC in their words, but things will glide for a few weeks until October and later with the new adjustments.
The public WILL NOT HEAR MUCH IN THE NEWS, JUST LIKE THE 20's WHEN ALL WAS FINE IN THE NEWSPAPERS THE DAY BEFORE THE CRASH AND YET COLLAPSED THE NEXT DAY. PEOPLE MUST NOT BE ALLOWED TO STAGE A RUN ON THE BANKS. Don't look to news for verification. Common sense.
Store food, water and cash and get into metals, and see NESARA. What does it say when Bill Gates, the wealthiest man, now owns 30% of all silver in the world and billions in Euro's and in public said the dollar is going down (MSNBC)? He is not alone, most of the wealthiest have similarly prepared in different ways offshore.
Fortunately the new Treasury Bank system has been ready for years but blocked, but I guess we have to endure the worse before the best before the thousands of thugs in government and multinational companies are ousted. You have time now to protect yourself as best possible in the next few weeks. It will happen, but during the changeover banks and ATM's will not work temporarily!!! Be prepared now!!
Other Source: Telegraph.co.uk
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