To: axial who wrote (22664 ) 9/9/2009 7:04:45 PM From: ayn rand 2 Recommendations Read Replies (1) | Respond to of 71477 ron paul on impending nightmare: ................................................. Seriousness of the Crisis Cannot be Exaggerated; Closest Comparison is the Collapse of the Soviet Union ................................................ need for new monetary standard panic? conspiracy? nations to be redefined congress not paying attention plans to control the natural resources of the world don't give a flying crap about the consumer ..................................... Ron Paul on the Glen Beck Show September 7, 2009 discusses the changes going on with the entire US economic system. Also take note of what George Soros said at Columbia University last Friday and threat to the United States of America as we know it today. Gerald Celente has said that we are about to experience a scenario “like nothing we’ve ever seen in our life time“, and Ron Paul and George Soros seem to agree. This is far from being over, folks. 5 minute videoshtfplan.com September 9th, 2009 ................................................ The important point is that we have never been here before in the post-Depression era. Any and all claims that “The Consumer has reached a bottom”, or “The Recession is over” (based on July data) or any such is pure nonsense. There is not only no sign of a bottom there is no change in the second derivative - that is, the rate of change continues to be essentially straight down! It seems that, not only are we going to have a recovery with continued job losses into 2010, but the collapse in consumer credit will also contribute! It’s a spendingless recovery! This is the 21st century, afterall, it’s different this time!shtfplan.com The Federal Reserve's latest (through July) G19 update is out, showing consumer credit. To say that these figures are ugly would be an understatement. In fact, there is simply no way you can spin this - while this contraction in credit has to happen it has horrifying implications if our Washington policymakers don't get on the stick and deal with the underlying issues here and now instead of pretending that everything is ok or worse, try to "borrow our way to prosperity."