http://halturnershow.blogspot.com/2008/12/us-falling-apart-hundreds-of-banks.html
December 2, 2008
**U.S. FALLING APART! “HUNDREDS OF BANKS” APPLY FOR FEDERAL HELP **
The march toward **complete financial collapse of the USA **is accelerating out of control. According to the US Treasury, “hundreds of banks” have asked for emergency help from the government.
To help you understand the frightening implications of this, consider the following:
Since the “financial crisis” began in September, The Treasury Department has injected $150 billion in capital by buying preferred shares in 52 institutions. 52 banks, $150 billion.
Todays news that “hundreds of banks” are now in danger of failing caught my attention, so I contacted my sources inside the Treasury and I almost fell over when they told me: “Five hundred twenty additional banks are failing; ten times the number of banks that have already been bailed out.”
Do the math: If 52 banks needed $150 billion, 520 banks could translate into one point five TRILLION.
That isn’t the worst of it. The chart below shows that our nation has already committed EIGHT POINT FIVE TRILLION to the financial mess and of that, they’ve already disbursed THREE POINT TWO TRILLION. Ask yourself this simple question: Where are they getting this money? The simple answer: They’re printing it.
Let’s not forget that the money listed above is ON TOP OF the ten trillion dollars the government already owes from past deficit spending!
Do the math again:
$1.5 Trillion needed for another 520 failing banks
$8.5 Trillion committed to more financial bailouts
$10 Trillion in national debt from years of deficit spending.
$20 TRILLION dollars in total (so far)
[…] How long is it going to be before the rest of the world says to themselves “The USA is totally bankrupt, they can’t even hope to repay all the money they’ve borrowed, the US dollar isn’t worth the paper its printed on because they printed so much of it, we’re not going to accept it as money anymore.”
I’ll tell you how long it will be: The end of February or early March 2009. Best case? Late June, 2009. That’s it. (Pete’s comment: Zeshua insisted that she would not communicate with our timeline any later than that same date - March 2009?)
At this point I think it is worth reminding all of you that in December 2007 and January, 2008, I warned everyone via my radio show and web site that “September is going to see major financial upheaval.” I told everyone when and why. It happened exactly as I warned. So I hope you heed my warning about total financial collapse early next year.
That’s when the [censored] is really gonna hit the fan and this nation will fall into complete, total, economic collapse. A collapse brought about by our own federal government spending us into oblivion.
Why do you think they re-deployed an active duty Army Combat Brigade with 4700 troops and support personnel from Iraq back here to the USA? Why do you think the Pentagon announced yesterday they are going to increase the number of combat troops inside the US from its present 4700 up to 20,000? They KNOW the [censored]'s gonna hit the fan.
When the economy fails – and it will – they are terrified about what We The People might do.
They are afraid we might (rightfully) blame the government for wrecking our nation and that we might take retribution upon them by force.
