The Financial Markets are Melting

::: Transcribed from personal myspace blog account:::

It's happening - The mortgage market is now coming to a standstill, as the largest lender in the U.S. is about to file for bancruptcy protection. Will the Fed let that happen? We'll see...

Bottom line is, with CFC coming to a close, this will cause thousands to be laid off. The refinancing of a property is now coming to an end because it'll be near impossible to do. ARMs coming due will not be able to be refinanced and those people will walk away from their homes or get foreclosed on. All of those people that have used equity loans and lines to buy investment properties are going to see their properties cheaper than ever thought possible, and when you're upside down around the million dollar mark, it doesn't matter how good your credit is, you'll feel the strain. Soon, banks will see defaults on their A paper, banks will be at risk, laying people off left and right to salvage their financials, and this will lead into a huge meltdown of the world economy.

What I have predicted in the past is becoming more and more evident, but the scary thing is that it's playing out a whole lot faster than that I anticipated. I expect us to be in a recession by the middle of next year, and the depression to hit, obviously 3 periods after that. But, this is going to be bad with millions of people out of work, and major banks going under. This is because all of the financing that banks have taken up and incurred are going to be defaulted since these people are going to lose thier jobs and not pay. When it comes to survival, credit scores aren't a big deal.

In the end, it'll get better as the stronger currencies of the other countries around the world will help boulster our economy with exports increasing to levels not seen since the 60s. This will cause a manufactering boom, and keep people employed, but at substandard living. There won't be anymore families purchasing a half million dollar home on credit with stated income. It'll be renting a small apartment, if they used to be home owners, or owning a small home.

Granted, this is all speculation that the fed keeps interest rates where they are. Who knows... It may change! But, at this point, the roaring 00's are over! The teens will be known as the GD2.

::: Transcribed from personal myspace blog account:::

I have been trying to figure out the starting point to my theories on wealth and the masses. I haven't come close to it yet, but I am closely examining the interworkings of society and what drives it and I have come up with new theories along with the overall - The fact that the economic cycles are in place to make the rich richer and the poor poorer and when someone is a threat to that status quo, they are either paid off and become one of them or are simply killed, as we saw with JFK and MLK Jr., and many others that we haven't heard of for this very reason, and which is the reason why I write on this blog, keep my profile private, and say what I say, because I have nor the power nor the money to be a threat, but is an easy kill, as no one would ever know my idelogies.

With my current thoughts, I have come to the conlclusion that CEO's and other top ranking executives are merely the generals in this battle. They are paid handsome subsities to control the wealth and power of those that I speak of, with no ends. The troops are you and I who are fighting this battle to attain as much money as possible in order to keep these people rich and powerful. Who are they? I Am still trying to figure out - read above. It wasn't until a certain time, which I am trying to pin point, that those people began to realize that they must appease the masses and put on a smoke and mirror show in order to make it so they are happy and content in the way things as to not entice a coup, rebellion, or any of the sort. This is most evident in the American society as we have more forms of entertainment than did anyone in the past. Romans used to have their shows in the coliseum, and many others have had their forms of entertainment. We have television, sports, etc, etc... and that is an excellent way to mask the facts that there are people controlling this aspect of our lives - And profit off the smoke and mirrors to conceal this identity. Small businesses are allowed to start up in order for the masses to feel a sort of empowerment as to appease the masses. When they get out of hand and people begin to think that they can make money and a life of their own, the status quo begins to break and that is when "inflation" or credit worthiness begins to deteiorate, and that's when it gets harder for people to start a business until a recession begins and people start losing their jobs and small businesses aren't able to profit because there aren't enough people with money - That's when the depression hits, which should be had every 60-80 years to clean up the people who think they don't need the system... Finally, the status quo is back in place and a whole new cycle begins of trying to have people stay happy by entertainment.

I recently began the theory that this ultimate starting point I speak of is inherently the shareholders of companies. Meaning, that everything makes sense, that the reason we push products and we do what we do is to increase shareholders values - which is true. But, then I realized that the stock market is merely a source of liquidity for these people that want to leverage themselves to make more money. Who profits from all of this? I am trying to figure this out. Who is in power? Why do I ask these questions - It's because the ultimate goal of any successful individual is power and money. You can't have one and not the other in order to be successful and be one of the elite that I try to find. Is Bill Gates one of these elite? I don't believe so, because he only has money. His power is limited to the extent of his wealth, and is limited to only his company. However, he has much influence on people and aspects of life.

Politics - I do want to get into, but the problem being is that my ideoligies will get me killed. It is not accepted to have these ideas. What must a person do in order to achieve a level of prosperity?