According to a CNN Money report, the United States lost roughly 23% of its TOTAL net worth in the financial crash of 2008. You might remember the crash? The whole thing was Bush’s fault if you don’t remember. Obama says so. Anyway, keep in mind that figure includes the top 1% of Americans we hear so much about, so a more accurate number to base things on would be the total losses experienced by the “average” diversified stock portfolio. Virtually EVERY person I know would have given a limb to have limited their losses to a mere 23%, so we really can’t count the uber rich with the rest of us. In 2008, the average diversified mutual fund lost close to 40% in value.
Almost HALF of the wealth of those “INVESTED” in American equities just evaporated. To wrap your head around how truly devastating the 2008 crash was, please let me remind you that it is by NO MEANS accurate to say the “average” family is heavily invested in diversified stock portfolios. Most are in debt up to their eyeballs, living beyond their means, and surviving check-to-check. The “average” HOUSEHOLD income in 2008, for an entire working family, was only slightly over $50,000, so I think it’s safe to say, many of THOSE families were not making ANY investments into the “average” diversified stock portfolio.
MY POINT: MOST EVERY DAY PEOPLE LOST CLOSE TO 50% OR MORE OF THEIR ENTIRE LIFE SAVINGS OR MULTI-GENERATIONAL INHERITANCES IN 2008. SOUNDS BAD RIGHT?
TO PUT THE COMING FINANCIAL COLLAPSE INTO SOME PERSPECTIVE, THE CURRENT GLOBAL DERIVATIVE BUBBLE IS NOW 20% BIGGER THAN IT WAS IN 2008.
The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008. It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet. According to the Bank for International Settlements, the total notional value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000). Other estimates put the grand total well over a quadrillion dollars.
RE THE ILLUMINATI GOING TO CRASH THE GLOBAL ECONOMY?
I know, some of you are asking, “Is it true? Do the world’s global elite and Secret Societies really want to bring the entire global economy crashing down? What point would that serve? Wouldn’t the elite lose all their money too? Before really digging too deep into those questions, let me respond with a question: Can you think of one single measure, just one, that the Banksters have put in place to PREVENT a global meltdown that many have seen and warned about for well over two years now?
Considering they are undoubtedly the most powerful, the most wealthy, and allegedly the smartest folks on the planet, by virtue of them doing nothing, I draw the conclusion that they are not only expecting a global meltdown, but they are COUNTING on one. A global currency reset is coming.
Back in May of 2014, I called your attention to Ron Paul’s Website in my post titled: H.R. 2847 & THE U.S. COLLAPSE OF THE U.S. DOLLAR. That post said:
From Ron Paul Daily….
Obama’s new July 1st 2014 law will shock most Americans
We’ve been critical of several Obama Administration policies over the past few years…
But a new law set to go into effect on July 1st, 2014 (less than six months from now), might be the Administration’s worst decision yet.
On this date, Title V of House of Representative Bill #2847, known as “FATCA,” goes into effect.
We believe this could precipitate a huge collapse in the U.S. dollar… and a rapid decrease in our standard of living.
Of course, we’re not the only ones who believe this new U.S. law is going to be a disaster for our country and American citizens.
Starting July 1, 2014, FATCA will require FFIs to provide annual reports to … the billions of dollars for foreign and U.S. financial institutions as well as for ….. to the House Amendment to the Senate Amendment to H.R. 2847,
Christine LaGarde Reset:
Read the entire article at Investment Blog Watch here:
Just because the average American is so self-absorbed they buy into whatever line of B.S. the talking heads on TV and radio are selling on any given day, doesn’t mean that those with an IQ over 6 do the same. You can bet the farm the global elites don’t listen to a word the talking heads have to offer. Most of this stuff can be figured out with a box of Crayola’s and some paper it’s so obvious.
The Atlantic recently reported that the labor participation rate in June of 2015 (TRANSLATION: The number of people working) was roughly the same as it was in June of 1975. Think of how much our population has grown since 1975. THINK ABOUT IT! Now, when there are 94 MILLION Americans not working (out of a population of roughly 310 MILLION people), does it really require rocket science to scream BULLSH** at the talking heads and the politicians who tell us unemployment is at 5.5%. NONSENSE!
People like me, who have dedicated countless nights without sleep to get this information to you, are laughed at and told to put on our “Tin Foil Hats,” the way the author of an earlier post titled, Jade Helm: Do You Realize The Nation May Never Recover did. Like I said, the vast majority of Americans are FAR too self-absorbed to take the time to learn their nation’s history, or to learn the Constitution that our Forefathers fought and died for us to have. No, instead reality television and hyper-partisanship trumps ALL common sense these days.
Folks, things are going to get MUCH, MUCH, MUCH worse. If I come across like an asshole, I’m sorry. I’m angry. I’m angry that nitwits like the author of the article linked above, or like Chris Matthews, or the rest of the liberal establishment get to point and laugh at me effectively silencing me, while my fellow countrymen let them. I don’t need sticking up for. That’s not my point. Your silence at the INSANITY we are living through right now makes you complicate.
Transgender kids getting to use whatever bathroom they want? Planned Parenthood raking in huge donations because “Extremists” caught them on film hacking up babies and selling the organs? People going to jails for not baking cakes? Believing the economy is fine and we’re in a “Summer of Recovery?” ELVIS HAS LEFT THE BUILDING MAN! COO-COO FOR COCOA PUFFS STUFF! You’re either part of the solution, or you’re part of the problem. If you’re not speaking out, because it’s uncomfortable, you’re just digging all of our graves that much faster, and that much deeper.