Realty Meltdown Part 4

Well it has been several months since I wrote the last installment in Realty Meltdown.

I think that what I had predicted has happened and then some!

We are definitely headed to what I think could be a recession or even depression. The US Federal Reserve along with its Big Banking buddies been able to stem the tide of red ink pouring out of Wall Street. US Presidential Candidate Ron Paul told Alex Jones this past week while being interviewed on his radio show that we are seeing a FAILED fiscal policy that could lead to devastation of the US economy and calling out of the troops to declare martial law. Reminds me of what I have heard in previous panics like in 1929.

Are you aware of what happens when martial law is declared in the USA?

First there are what are called Presidential Executive orders that would have you reporting to your local US Post Office to surrender your car and house keys. Of course this would be in the most dire circumstances. Well we may be heading that direction right now.

When I was reporting on the foreclosures around the USA it was mostly for poor to middle class home owners that had been hoodwinked into doing a sub prime mortgage or ARM – adjustable rate mortgage. No we are seeing where the debacle has spread to upper middle class home owners and above.

In the Atlanta area of Roswell/Alpharetta I was told that there are well over 1,000 homes in foreclosure that range from $400,000 upwards! If this is not something to be concerned about then I have no clue what is!

Some of the optimists were trying to say that things were improving but you look at the REVISED reports from some of the USA biggest companies like Dell, Apple, Harley Davidson, Office Depot, etc. When you look at this list above you only see one company that produces what would be considered a "luxury" item – Harley Davidson.

I discussed the Domino Effect and now the USA economists are saying what I said months ago! Why does it take them this long to wake up?

You might consider preparing for the worst by stocking up on food and water in your basement instead of the latest play toys advertised by Madison Avenue. Even one of my friend's daughter's boyfriend wanted to know how to get the 55 gallon FDA approved water barrels. And he was the type that would normally be out buying the latest gadget.

Also are you aware that some person or persons bought options several weeks ago to the tune of $50 BIILLION dollars with the hopes that the USA stock market would tank. They only win if the stock market loses 35%-50% of its value! This is reported to have happened before 9/11/01.

So you prepare or stick your head in the sand like Pollyanna! The CHOICE is yours!

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