I think the last phase of the economy disaster is about to hit.
For several years now the lending % that Greenspan controls has
been ungodly low; many, many, many Americans have refinanced
their homes, using the equity they acquired over the years;
gradually over the past few months this year, Greenspan have
inched up the lending rate causing of course the interest rate
on financed items to rise; NOW, during this crisis of
"hurricanes," he is raising the interest rate AGAIN, stating
that lots of people have equity in their homes and thereby, will
not be effected. WHERE has this man been? I have watched and
heard time and again of people refinancing their homes' equity
to
get $$$$ for vacations, collage, etc. NO ONE has any equity in
their homes any more--it's been refinanced across the nation.
Now, here it is:
1.) extreme low interest rates, thrown out there to reel every
sucker in--the "bait."
2.) most everyone refinances their homes to get cash for
personal and other uses at the absurd low interest rates; MOST of
these contracts are flexible interest
based on what the rise and fall of the interest rates;
3.) gradually bring the low % up, at little at a time;
4.) two major catastrophes occur 2 weeks apart (Katrina and
Rita);
5.) the lending/interest rate goes up again;
6.) because of the catastrophic occurrences, people have lot jobs,
homes, vehicles, etc. Companies have been destroyed; oil
production has been cut off or severely handicapped;
7.) Stir and mix the above ingredients, and you have a MAJOR,
MAJOR economic melt down in this nation with NO immediate
solution--primarily because so much $$$$$ is needed to re-coop
the effects of Katrina and Rita.
So, may be those "train cars" hidden in various places (ie
Missouli, Montana; Kansas, etc.) are needed to transport people
to "debtor prisons" (concentration camps) because people will
not be able to meet their financial obligations; mortgage
companies repo what homes are still standing (until the NEXT
disaster); the gov buys up land under re-poed homes (don't need
the Supreme Court to evict people now); and then this does
become the humored "Prison Planet" and we're all put under
Martial Law. ConPlan0400 goes to work and Georgie Porgie becomes
"Hial, Bush" (as his many pictures display the position of his
hand).
So, there is the ingredients, the mix and final product of the
direction of this nation, led by the evil government over their
"sheeple."