Zynox Blogs the Fiscal Meltdown

[Zynox]

Greetings,

Within this thread I will post all web finds that document the MELTDOWN of the Economic House of Cards. I monitor this anyways, in real time, and figure I might save folks some time and leverage my efforts.

If you haven't considered precious metals as a transition resource, to preserve any wealth you hold, or as a mechanism to support having something to work with to build anew after the economic collapse, please reference the Gold & Silver Q & A thread at:

http://www.projectavalon.net/forum/s...ead.php?t=2411


Let us begin -

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http://ap.google.com/article/ALeqM5i...k_nPQD939OU280

WASHINGTON (AP) — Senate Banking Committee Chairman Chris Dodd says the United States may be "days away from a complete meltdown of our financial system" and Congress is working quickly to prevent that.
(Zynox - good luck with that, ya'll seem right on top of the situation.)

Dodd said Friday that Democrats and Republicans on the Hill are coming together to support the Bush administration's developing plan to buy up bad debt from financial institutions and get the credit system working again. Dodd told ABC's "Good Morning America" that the nation's credit is seizing up and people can't get loans.


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http://globaleconomicanalysis.blogsp...-illiquid.html

US Taxpayer: A Giant Dumpster For Illiquid Assets

Paulson, Bernanke, and Congress are conspiring to make the US taxpayer the fall guy for financial stupidity by banks and brokers. Congress is now willing to ram through legislation at the last moment, even though Senate Majority Leader Reid Says "No One Knows What to Do".
(Zynox - perhaps all incumbants would consider stepping down, and quit working on wealth transfer schemes, as a start?)

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http://jsmineset.com/

Potential Infinite Bailouts To Explode Money Supply / Jim Sinclair

Dear Friends,

1. Today's reported potential infinite bailout of all and any portends, if adopted, is the largest increase in dollars outstanding since the Jurassic Age.

2. It closely models actions undertaken regarding the production of currency liquidity seen in the "Weimar Republic."

3. It is reported now that more than 1000 hedge funds are on the rocks. This has the potential for a significant financial impact.

4. The only way to hide the numbers from the statistics produced by the suspected actions of the Fed is to value the indebtedness purchased at 100%, claiming a wash transaction.

5. The only conclusion is that when the smoke clears and the advertised actions have been adopted, nothing more dollar negative than this has ever occurred due to the potential expansion of T bills and therefore dollar supply explosion.
(Zynox - Hello Amero?)

6. Gold is the only currency with no liability attached to it which, as you have seen recently, will be selected as the currency of the people.
(Zynox - Jim is a seasoned voice of reason. Gold was removed as sound money to silence the voice of the people and further enslave.)

Respectfully yours,
Jim

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~ Namaste / Got Spirituality and Gold? ~