The financial collapse of the United States.

By: Dan Hamblin

As many of you already know the economy in the US is doing horrible. Everyday we see the market lose ground, sure some days it bounces back but it always loses that momentum faster than it gained it. I read a financial article just today that the FED said that the outlook for the rest of this year is bleak and even worse for 2009. Just today GM, Ford and Chrysler met with congress to try to get 25 billion dollars to help them survive. Many say that even if the auto industry gets the money they will falter anyway and I definitely agree with that. I mean we are talking about 3 CEOs that have run three giant companies into the ground. They arrived to that meeting in three separate private jets; that right there tells me that they have no clue how to run a business. If I were begging for money to fix a huge mess I would hitch hike to that meeting just to show that I myself could cut back on spending.
Now let's take a global look. All banks around the world are in a "horde the money" mindset. They are scared to loan to anyone even each other and who can honestly blame them? They are dropping like flies! The US government can't bail out every company nor can any other government it's just not possible. Sometimes you have to let something die so you can make something new. This seems to be one of those times. Russian markets have recently been closing very early, a couple of weeks ago they were closing their markets within 30 minutes of opening because they were falling so rapidly.
I don't pretend to know the answer to this huge financial mess the world is in but something has to give. Since the 700 billion dollar "bail out" went through the house and Bush signed it, it has been altered to fit whatever Mr. Paulson wants to do with it. The whole thing is a joke I think. Sure we are near 10 trillion dollars in debt, let's print 700 billion dollars and save the banks!!! Yeah pretty soon our money will be as useless as Monopoly money.
Many people have begun stock piling canned foods and other items and I think that is a good idea. We are in a recession but it's worse than the media wants you to know. I know for a fact that the military is in the beginnings of working with local police departments across the United States to train them for marshal law. When the market collapses (and believe me it will soon) there will be all kinds of commotion. The military has detainment camps already being prepared for such a case as rioting and looting. They will throw you in a truck and take you there and deal with you when they get around it.
It isn't going to get any better on January 21st when Obama takes office. He can't fix this mess either, he said all kinds of things to get elected and it worked but we are inn too deep to get out now. The unemployment rates are the highest in half a decade. The FED has already cut their key interest rate to 1% and is talking about cutting another ½%. It hasn't been that low in nearly 50 years!
The only thing we can do is pray, that is the only thing that is going to save us from this catastrophe. Not Obama, not bail outs or anything monetary. This is in Gods hands. These are the last days we are witnessing and what we think is bad now won't look so bad in 2-3 years when it is REALLY BAD.