The Reset for Humanity

Humanity - Boots on the Ground

Who would have thought that the poor saps of the planet would ever have a chance to thrive?  The inhabitants' future was deliberately held back to keep a young boy, like down in Zimbabwe, picking corn off the roadside for food from a loose load on a passing truck.  The Globalist and banksters manipulated every exchange that people took part in which is our economy.  The harvesting of resources that advanced strongholds in countries were a common practice where miners in Africa would receive food from the guards own plate when finished.  A young child from any part of the world was a commodity for trade forced into a life of slavery, sex and ritual practices for sacrifice.

Oh, and it didn't end there with corrupted individuals tied to Deep State Government performed all the necessary needs for corporations that manipulated laws in favor of advancement through the courts thanks to the feed bag tied on the judges.  Contracts passed around like a birthday cake where this lust just had no end until one day, to put it simply, the world's inhabitants got pissed off!  Many private citizens had no fear in exposing these buggers and wound up dead, designed to set an example, this will be you if one tries to expose the horror.  Well, even at that point more brave souls came out of the woodwork and shined a floodlight on this diabolical scheme.

Moving forward, you're going to hear much news of this evil empire falling to the ground and being removed from society.  Money is being frozen in many accounts around the world with ties to these dysfunctions in human society.  At this point the names don't matter, what's important is the NSA joined with the U.S. military and other countries have all the info needed to swab the deck.  What failed for these elitists was not everyone strapped on the feed bag of bribes that would make you turn on your fellow man.  Honor was the stronghold which a soulless individual can't calculate so black-male is used but this old hat trick even started to fail.

This point in human history will be our proudest moment, it really puts to the test of the balance, we're in this together and the value at this point will be you.  As shit hits the fan and oh brother the first thing out of the bag will air the Trump administration as a dictator because these people will fight as you and I have.  But it won't matter, this episode in human evolution is going to roll like a listing ship and slide beneath the waves.

The good news is we have a lot of work to do, Fukushima is still an ongoing disaster and these punks are going to strike with whatever they have left but it will be futile.  Having frozen their money is like when Rome went down because the king guards received no more gold, the devil eats its own.  Toxic waste from the old nuke plants, waste from industry where shit for brains was purchased to pass into our waterways.  The high loads running the pharmaceutical industry wasting the minds and health of millions, water reclamation of every city to remove the toxins of fluoride and other crap.  The purging of corrupted judges, law enforcement, attorneys, lobbyist groups, doctors, members of Deep State Government (needs a 'Wrecking Ball') along with their agencies, some military personnel, university and school personnel, church, corporations from service to production management which includes the banks, Wall Street, agriculture and our continuing education of stewardship of planet Earth.

The world herself will never be rid of evil, that's calculated in God's time but we as humans have found there are more good people on the planet than there are evil.  As these candles get smothered and another gets lit we will bring in the bucket brigade once again.

Godspeed to the Patriots, where humanity should be, or race and love should be our religion.  The Luciferian candle burners will never believe in this ideology so the water cannons will be on guard to douse the flame of horror.  But it may mean that bad people feed off the world—until they die.

Happy New Year
                                    


The Angels Sing

First Lady Melania Trump, her Theme: Time - Honored Traditions

Bank of America's Co Pilot giving you the Bird

Bank of America's co pilot, nice bank to do business with

 Well isn't this just grand, a private own jet of Bank of America and the co-pilot gives the audience the frickin finger.  So the Jack Wagon ways of the Bankstes continue, even has an influence on their employees.  I guess Bank of America forgets where the customers come from and this will help you to decide where to do your banking.

Here's your Boy, always a nice bank to do business with.

Tail # N676AH
Owner
Name: BANK OF AMERICA NA
Street C/O MOONDANCE LLC
9 FANARAS DR
City SALISBURY State MASSACHUSETTS
County ESSEX Zip Code 01952
Country UNITED STATES

Merry Christmas Pod
rightwiththeship

pilotdynan

From pilotdynan about the video:

Please note that the plane at 0:05 and at 0:15 is actually 2 different planes. The reg of the plane that the pilot who gave the finger was N676AH.

Derivatives and The Banksters- Cartel Banking

Derivatives

This clip is from a year ago and is the best explanation of finance rocket science. (derivatives) You remember when the top CEOs' were on trial with smirks on their face because no one did understand this money trail that literally crushes countries.  But today like I've said before, their other money pals are suing for there is no real paper money out there.  Simon Mikhailovich, Co-Managing Member, Eidesis Capital, talks to us about the role derivatives play in the LIBOR scandal and in enabling bad decisions at systemically dangerous banks.  We're still far from done with all of this, in the mean time look at Public Banking and for entertainment we will watch some of these fishes fry.  And they will fry, just last month the banks were downgraded, 8 of them comes to mind to where there will be no bailout this time. 

12/12/13 Approved Tuesday by five financial institutions despite dissent from the Commodity Futures Trading Commission and the Securities and Exchange Commission, the Financial Times reports.

Named after former Federal Reserve Chairman Paul Volcker who pushed Obama and Congress to reform Wall Street, the rule hopes to protect America from a similar debacle to the so-called 'London Whale', when JPMorgan’s speculative bets resulted in a $6.2 billion loss in 2012.  JP Morgan has 76 Trillion in derivatives which can only cover 36%, watch your money here Pod!  If one goes they all go, we bailed their ass out last time, well not us but the Fed on the backs of the taxpayer, not again!  (Full Report)

Today:  The EU fines marks the latest to be levied on banks and financial institutions for making profits or masking their problems by fraudulently rigging the rates that reflect the cost of lending money to each other. The banks fined are Citigroup, Deutsche Bank, Royal Bank of Scotland, JPMorgan, Societe Generale, and RP Martin, the EC said in a statement. “Today's decision sends a clear message that the Commission is determined to fight and sanction these cartels in the financial sector," Almunia said in the EC statement. "Healthy competition and transparency are crucial for financial markets to work properly, at the service of the real economy rather than the interests of a few."

Hello New Economy

CapitalAccount

End Game Memo - Larry Summers

It will be end game alright!

It's no wonder Summers has stepped down from being fed chair, the greatest financial crime of our times.

From Greg Palast:

The Memo confirmed every conspiracy freak's fantasy, that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

Read more  (do read this, now your really pissed)

The end game memo

RT



Lets take a moment

Thank RT and all journalist who have been bringing the truth to the spotlight.  Ah but wait,  RT wants to thank you for their billion views.  You know something they deserve it, a billion thanks, and we love Stacy!

You guys are too modest, great work, keep the flame on the frying pan, not hard to find a fish to put in these days.  The Jack Wagons have made this easy to seek the truth and question more, a human has a conscience that is their first and last mistake.  Sure makes it simple to be a hero today RT,  you came at a time where people want the truth and nothing but the truth so help us, GOD.  I believe many like RT are hunting for the truth, it's everywhere you turn.  Scandals are being uncovered at download speed, even if one is still on dial up your linked in.   It's getting harder for the Jack Wagons to maneuver because the people are asking, "what are you doing?" and we're all in this together.  Some are stepping down before taking a position, that just happened!  

rightwiththeship 

RT

WWIII it's about The Dollar nothing Else!

We are on a road that leads straight to World War 3, but in order to see that and to fully understand what is at stake, you have to look at the big picture and connect the dots. This video examines the history of the dollar, its relation to oil, and the real motives behind the wars of the past two decades.

AMERICAN PEOPLE- We do not pledge allegiance to the dollar that supports the barrel of oil, banksters and the federal reserve do and with that the US government is on their own! The support of the AMERICAN PEOPLE is at a historical low in our history, the government has done this to them-self and do not have our blessings our support.

Some Comments on this video over 2,540,000 views:

HuangHanSheng 6 hours ago
I can't help but notice the insane number of comments about "the USA this... Russia that... China will be this... Israel will be that...". Don't you guys get it? The video is not about the US, or its people. It's not even about the government. Its talking about the people behind the federal reserves. The cartel of the powerful banks. This isn't even about National interest. Those guys are not going to defend US citizens. It's trying to say that all of us, are simply tools to their ends.

depatman 32 minutes ago
He just blames everyone. It's a little easy to say all Americans made a mistake.
Anyway the Americans have little to choose. there are only two parties and both have the same agenda. It's like choosing between mc donald or burger king. And after your vote you have to eat 4 years in one of the two.
I wonder if Americans are really happy about their system.

Maciej Łukasiewicz 1 hour ago
Actually, he has a point.
The citizens of the US should have done something about it when the system was still redeemable.
But since that was more than 50 years ago, there's really no point in blaming the current young generation of americans for what their fathers and grandfathers allowed to happen..

Tío La Vara 2 hours ago
Corrections: The United States has only been around for a little over 200 years and it's almost all their fault (right). Almost everything is a "false flag" to benefit them (right).
Of course, the Middle East is not innocent, but their people are victims brainwashed by islam. Stalin was a tyrant and a psychopath and committed genocide. Evil is evil wherever it comes from, but U.S. is the modern Roman Empire, therefore the modern tyrant of the world.

svandamme76 11 hours ago
Chinese does not think in years, they think in decades.. What good is it to them to get payed by somebody who is insolvent?
Unless they plan to use that lack of finance against them?

Stebz Ella 12 hours ago
If someone will use a nuke the first country that will get blasted is Israel....

Joe Blow 12 hours ago
So the United States is the lone wolf here?! Every single country in the Middle East is innocent?! It's all Americas fault?! Russia and Stalin never committed genocide?! The United States has only been around for a little over 200 years and its all their fault?! Everything is a "false flag" to benefit them?! LMFAO

3DPDK 14 hours ago
Interesting, note that this was published in Sept. 2012 - last year. Today is Aug 29, 2013 and we all know the world endangering situation that is developing in Syria today. The producers seems to know what they are talking about since it is more accurate today than it was a year ago! On a ship, if the captain begins making immoral decisions and ordering the officers and crew to follow those immoral orders - it is time, and a moral obligation for the crew to relieve the Captain - (mutiny!)

StormCloudsGathering

U.S. vs JP Morgan Chase

Well, just a few days ago I mentioned who's next?  Here you have it, The Whale of all scandals is JP Morgan Chase, accused once again of cheating and stealing.  JP Morgan is more than willing to pay the fine, can't win this one and you still bank with them?  The U.S. Federal Energy Regulatory Commission (FERC) staff has found "eight manipulative bidding strategies" used by a JPM affiliate in 2010 and 2011, the regulator said. A civil penalty of $285 million and return $125 million in ill-gotten profits to electricity ratepayers In one scheme, JP Morgan traders made low end-of-day bids to attract large orders from buyers to provide power the next day, the FERC said. In the first two hours the next day, the bank demanded higher rates for making the power available, a maneuver that led the grid operator to pay it millions of dollars for a period in which demand is typically low.  Another ENRON, cooking the books and associated with manipulation of commodities!

“JP Morgan picked the pockets of California households and businesses, and their manipulation increased the electric bills that people pay,” Tyson Slocum, director of the energy program at Public Citizen, a Washington-based consumer advocacy group, said in an interview yesterday.  

Ya know something, want to see this practice go away, flush the toilet on this stock JPM.  Just maybe the public will start to practice what these Jack Wagons shove up everybody's ass!  Say the public buys up JBM, run up the price and on a single given day dump the stock.  Well, one would say this is insider trading of stock manipulation, no this is outsider trading, a new breed in the market and no one understands the complexity of market trade, it's what you taught us.  Sounds like fair game to me, don't do business with practices who steal from you and us.  Hey,  JP Morgan along with their golden boys are doing it to themselves, "notice the purple ties out there", read it and weep.  

Funny how we find humor in tragedy, like Dimon tied on a whale in the photo above.  This image represents Capt. Ahab on the back of Moby Dick.  In the movie,  Moby Dick crushes the launch boats along with the crew and Capt. Ahab on the back of Moby tangled in ropes, dead by drowning.  Mody now slams the ship and creates a whirlpool by swimming around the ship and sinks. 

I watched Moby Dick the 1956 movie again last night a Novel by Herman Melville published in 1851, Gregory Peck is Ahab.  JP Morgan can be proud of that but what if Moby Dick was the PUBLIC?  Is that spelled in all capital letters?   Aye        

Moby Dick

Wall Street Journal

Shaking The Banks, the Pope is even in on it!

Who's Next

This has been years in the making, banking reform.  FHFA sued UBS and 17 other banks in 2011, seeking to recover losses on a total of $200 billion in mortgage-backed securities sold to the two government-sponsored enterprises.  In November, U.S. District Judge Denise Cote, who is overseeing the UBS suit and most of the other FHFA suits, denied a request by Citigroup, Bank of America Corp. and two other banks to dismiss them. 

 UBS Americas will pay $885 million to settle ongoing litigation with the Federal Housing Finance Agency (which oversees Freddie Mac and Fannie Mae) over the bank's sale of toxic residential mortgage-backed securities to F&F.  The FHFA has alleged that the various banks violated federal and state securities laws when selling private-label RMBS to the housing agencies. Under the terms of the settlement, UBS will pay approximately $415 million to Fannie and $470 to Freddie to resolve certain claims.

Some of these names, as the settlement agreement covers claims between FHA and UBS in the following cases: FHFA v. UBS Americas, Inc.; FHFA v. Ally Financial Inc.; FHFA v. Countrywide Financial Corp.; and FHFA v. First Horizon National Corp. Of the 18 suits filed in 2011, FHFA has now settled three cases and remains committed.  The banks are shaking as to who is next.

Fannie Mae and Freddie Mac, a bipartisan group of senators calling for their dissolution within five years.

Taxpayer Protection Act of 2013:

To provide secondary mortgage market reform and for other purposes. The bill would transfer some of Fannie and Freddie's functions to a "modernized and streamlined" agency. To keep taxpayers from absorbing losses in the secondary mortgage market during periods of economic stress, the bill requires private market participants to hold 10 percent of the first loss of any mortgage-backed security that purchases a government reinsurance wrap.

Overview: House Bill

Summary: H.R.1101 — 113th Congress (2013-2014)
Introduced in House (03/12/2013)

Homeowners and Taxpayers Protection Act of 2013 - Directs the Secretary of the Treasury to establish the National Commission on Natural Catastrophe Preparation and Protection to advise the Secretary regarding the estimated loss costs associated with reinsurance protection contracts.

Requires the Secretary to implement a program that utilizes premiums from eligible state or multi-state plans to pre-fund future natural catastrophe recovery by making available for purchase, only by such plans, contracts for reinsurance coverage.

Requires such contracts to cover insured property losses covered under primary insurance contracts to homeowners, mobile homeowners, renters, and condominium owners for specified natural catastrophic events.

Prescribes requirements for the operation of state plans and the terms of reinsurance contracts.

Encourages states to create and maintain catastrophe funds for themselves or with other states.

Sets forth requirements for the treatment of insured losses and maximum federal liability.

Establishes in the Treasury the Catastrophe Preparedness Fund, consisting of contract sales receipts and any amounts borrowed or earned, which shall be used to pay Commission administrative costs and loss payments under reinsurance contracts. Prohibits the authorization or appropriation of federal funds for the Fund or for implementing the reinsurance liquidity protection program.

Establishes a post-catastrophe market stabilization program for liquidity loans to: (1) expedite payment of claims under state catastrophe insurance programs, (2) authorize the Secretary to issue loans to assist financial recovery from significant natural catastrophes, and (3) promote the availability of private capital to state catastrophe insurance programs in order to provide liquidity and capacity.

Establishes the National Readiness, Preparedness and Mitigation Committee to administer a Readiness, Preparedness, and Mitigation Grant Program of grants to state and local governments, nonprofit organizations, and other appropriate public and private entities to develop programs and initiatives to improve catastrophe response, citizen preparedness and protection, and prevention and mitigation of losses from natural catastrophes.

Banks bail on mortgages and MSR: (mortgage servicing rights)

Banks Bail

Wells Fargo announced that it is eliminating its entire remaining joint venture mortgage banking affiliates.  Bank of America is now in the midst of one of the biggest transfers of MSRs in history, selling servicing rights for about $215 billion of loans to Nationstar Mortgage Holdings Inc.  There is some history here: about half the loans involved are owned or guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Bank of America agreed to a $10-billion-or-so settlement (some of the public received $3000 to keep quiet, many haven't even cashed the check) with Fannie over who was responsible for the problems with the massive defaults on loans from the mortgage boom era.

The Pope:

There is a Pope!  Francis himself is imposing a shake-up in the Vatican's staid and dysfunctional bureaucracy, setting in motion a reform plan and investigations into misdeeds at the scandal-plagued Vatican bank and other administrative offices.  It was a slightly more diplomatic expression of the direct, off-the-cuff exhortation he delivered to young Argentine pilgrims on Thursday.  In those remarks, he urged the youngsters to make a "mess" in their dioceses and shake things up, even at the expense of confrontation with their bishops and priests.

Another Tricky Day:

Well, Pod a lot of shaking going on, the whole world is fed up with this crap.  What's happening now is that the Banksters and Jack Wagons are getting their punk ass pockets picked.

TheWhoVEVO

Global Financial Holocaust

From The Keiser:

We are The Change We Wish to See
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss pepper spraying protesters while contemplating possibly, maybe one day out in the far distant future charging banksters for 'reckless misconduct' - aka destroying the global financial, monetary and economic systems. In the second half, Max talks to the author of a new book, Transforming Economy: From Corrupted Capitalism to Connected Communities, Zeus Yiamouyiannis of citizenzeus.com about an Academy Award for best horror fraud going to Fraudclosure; the use of kitty litter collateral to back the global financial system and ending your contribution to the phony economy.

RussiaToday

Silver and Bonds Future with Max Keiser

Max holds no punches and is on the front line of the financial collapse of our society.   Keiser produced 10 short documentary films covering aspects of financial markets for Al Jazeera's series People & Power. The films include Rigged Markets, Money Geyser, Death of the Dollar, Peaked, Extraordinary Antics, Savers vs Speculators, Banking On It, Private Finance or Public Swindle? and Focus on Locusts.

Keiser has appeared as a financial pundit on a number of news networks. Keiser called for a "fatwā" against Hank Paulson on Al Jazeera in response to the Troubled Asset Relief Program (TARP). In a later broadcast, Keiser said, "Paulson stinks."Keiser has advised investors to buy gold and especially silver, in order to undermine "the banksters." In November 2012, he predicted that the UK pound was about to collapse. (view the second video here)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Obeelzebub and Jamie Demon as the inevitable outcome of collateral faking, zombie banking and paper printing. They also discuss Russia's central bank buying gold while David Cameron is telling porkies about UK national debt. In the second half of the show, Max Keiser talks to Ian Williams of Charteris Treasury about silver suppression and the bond-pocalypse.

RT the first news channel to break the 500 million (now @ 860) YouTube views benchmark.

RussiaToday



God Hates Bankers

Not only is Max on your side but this guy is entertaining, he has been involved in stand-up comedy and on the radio at which time in the 1980s had worked part time with Paine Webber on Wall Street. Max claims to have 25 years experience with markets and finance. This side of him shows and he has a lot of high profile executives that wish this show did not exist. Thanks, Max!

In this episode, Max Keiser and Stacy Herbert discuss the water and fire signaling the arrival of the paper apocalypse as ever more analysts warn of the debt and credit bubble as governments put their faith in share traders who, new study shows, are more manipulative than psychopaths. In the second half, Max Keiser talks to professor and economist, Steve Keen, about the fiscal cliff and private sector deleveraging. They also discuss the possibility of a currency collapse in Japan.

RussiaToday

Shut Up Max!

Our Front Man Max

We're getting soaked 

Occupy - Police and thieves

A tribute to Occupy, you're noticed around the world for the stand you have taken against crooked corporations who have robbed the public.

The Wall Street gangsters have gotten American taxpayer dollars and are now using this money to hire attorneys and lobbyist to fight regulations. From derivatives, swaps, sub-prime mortgages, Repo 105 & 108 account practices, who can you trust? Well, actually this is why Greece has failed they bought into this not knowing what they bought and have paid dearly for it! It's understood that no one entity can explain all the tools in financial trading today, so with that are you going to invest your money if you don't know how and why it works? But a broker or trader along with fund managers tells you, by investing in these modern mechanisms it brings your debt down and so the investor believed this would work for them. As this unfolded the only ones cashing in were the financial institutions who created them.

Now for the next gold rush and what will they create, for the fact of the matter is no profits have been higher since Hedge Funds created in 1968. Mirroring the earlier booms in financial speculations in performance fees-structured investment vehicles of the 1920s and 1960s, during the 1990s the number of hedge funds increased significantly, with investments provided by the new wealth that was created during the 1990s stock market rise. During the first decade of the new century, hedge funds regained popularity worldwide and in 2008, the worldwide industry held US$1.93 trillion in assets under management. However, the 2008 credit crunch was hard on hedge funds and they declined in value and hampered "liquidity in some markets" causing some hedge funds to restrict investor withdrawals. What does this mean, the financial institutions are battling right now in Washington (the hand that fed them) so they can create the next gold rush. Let's face it, after the profits from the financial meltdown their not going to be satisfied with small percentage gain, what is the fun in that?

This is like a junkie looking for the next fix, the financial meltdown was a super high in profits never seen, thus greed always finds an endless field of conquest and leaves the man endlessly dissatisfied. Watch who you do business with and know what you're investing in. Even though MIT math majors are working in finance today, this is not rocket science because if you don't know how it works you won't launch, hell you won't even go out to the pad to see if it does fly. Simple for all of us, if you do not like the way a corporation is doing business don't buy what it sells in service or products, make them earn it. Grade them as if in school, a passing grade earns a business a failing grade will close their doors. Best advice for anyone anymore is, don't depend on advice to as where to put your money, education is expensive and we are broke. Take the time to learn about what is available and who is behind it.

In an anonymous survey of CFOs last year, the study found that at least 20% of companies are "managing" earnings and using aggressive accounting methods to legally alter the outcome of their earnings reports.

What may surprise you is that these accounting methods used by CFOs to "manage" the numbers are completely legal.

Occupy This!


 Mbrewer1959

Fed Up since 1913

Republican Rep. Ron Paul’s long-fought proposal to require an audit of the Federal Reserve.

Approval by the House will likely be the bill’s last act, for now, as the Senate is not expected to consider it, despite a push Wednesday from the congressman’s son, Sen. Rand Paul (R-Ky.).

But the robust bipartisan vote, 327-98, reflects lawmakers’ unease with the fallout from the Great Recession, and the lingering sentiment among voters that Main Street endured greater financial losses than Wall Street during the economic downturn.

Even efforts by Democratic leaders to stop the bill could not prevent 89 members of their party from joining the Texas congressman’s cause.

RonPaul2008dotcom



Need To Audit!

Ben Swann Reality Check is the place to find information and facts that the rest of the MSM just won't talk about. Here, we are concerned with the issues of liberty, freedom, the Constitution and your rights. If you want celebrity gossip... you've come to the wrong place.

Ben Swann Reality Check takes a look at history and present activities of the Federal Reserve Bank and whether the Fed needs to be audited.

BenSwannRealityCheck



Show me the Money

Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went... and Inspector General Elizabeth Coleman hasn't a clue...Dunno whether to laugh or cry - I am still getting over the shock and have watched this 4 times - LISTEN carefully to what she says - THEY HAVE NO JURISDICTION to investigate the fed!!! Only their programs?

littlejimmy95



Who Got the Money Ben?

Alan Grayson Grills Federal Reserve Chairman Ben Bernanke on Foreign Lending. Fmr Chairman Greenspan says the Fed is "a private agency with no higher authority". Are you beginning to see smell this scam. Amshel Rothschild "Allow me to control the money, I care not who creates the laws." Did you know 90% of Americans from both parties were against the bailouts? It doesn't matter the banksters own the politicians.

RepAlanGrayson



Ron Paul Continues Fight!

Congressman Ron Paul has been more than outspoken when it comes to ending the Federal Reserve. Although there are no real signs of the Fed coming to end, it may soon be audited. Paul's bill to audit the Federal Reserve advanced in the House on Wednesday, and the lack of transparency and shady policies have many pushing for an inspection of the Fed. Lew Rockwell, chairman for the Ludwig Von Mises Institute.

RTAmerica



Grill The Fed!

Congressman Ron Paul grills Chairman Ben Bernanke on Fed transparency in a House Financial Services Committee Hearing on July 18, 2012.

CongressmanRonPaul 



America Dying?

Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy. Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be experiencing another time of economic growth and prosperity very shortly.
But this time around that is not the case. The reality is that we are being sucked into an economic black hole from which the U.S. economy will never fully recover.
The problem is debt. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here.

And it is going to be painful.

KornVEVO