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This article reveals five valuable resources and numerous important tips for safeguarding yourself from the coming financial hurricane (that's only just begun). But first, let's review where we are right now... The hurricane approaches...Less than 40 days ago, the second-largest bank failure in U.S. history became public as federal regulators seized IndyMac Bancorp Inc. following a run by depositors. Meanwhile, astonished investors looked on while Fannie Mae and Freddie Mac cratered into financial insolvency and were taken over by the United States government, instantly doubling the U.S. national debt and absolutely guaranteeing the eventual financial burn out of the U.S. government. (President Bush is scrambling right now to keep it off the government's accounting books... just more smoke and mirrors, huh?)This happened barely two weeks after the bailout of Bear Stearns Co. by the Federal Reserve, a private organization of the world's elite who create money out of thin air and use it to bail out financial institutions it consider "too big to fail." Remember this, folks: Every time the Fed bails out another group of rich, criminal bankers, your own dollars become increasingly worthless. A month ago, I thought the U.S. financial system might make it to 2012 (or even beyond). Now, I'm deeply concerned that the total collapse of the U.S. financial system seems imminent. Just yesterday, Lehman Brothers collapsed and is now bankrupt. The AIG insurance company is collapsing as we speak. Merrill Lynch just plummeted into financial disaster and was rescued by BofA. WashingtonMutual bank is plummeting rapidly and may crater before the end of the week. Who will save us all?Right now, many Americans are practically in a financial panic, and they're watching their life savings vanish from financial institutions they once thought were rock solid stable. Wachovia is reportedly about to plummet as well... the bank runs have begun, folks. America's highly-leverage financial system is about to be seriously contracted by the de-leveraging of money.But wait, you say: Won't the FDIC save us? I got news for ya, friends: The FDIC is bankrupt, too. There's no possible way it can cover the cascade of financial failures ricocheting through Wall Street right now. And every time the Fed creates more money out of thin air, they make it increasingly less likely that foreign central banks will keep buying worthless U.S. debt. If you were a country like China, would YOU keep loaning money to a bankrupt nation like America? No way. Not if you have any financial sense. And remember this: Once the other nations of the world stop lending money to the United States government, the whole system collapses. The U.S. is running on fumes and fictitious, leveraged financial instruments that don't even exist! These banks have literally been trading each other pieces of paper with larger and larger numbers written on them, then calling them gains! Get articles like this delivered to you FREE in our popular email newsletter Related CounterThink Cartoons:
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