Can you even imagine. The whole banking industry crashing to the ground. Is that possible? Back to reality first. In New York State the top judge ruled that foreclosure had to stop until one lawyer brought bonified evidence. I'll let you read the article to determine what bonified evidence meant. In light of this new ruling in the State of New York; not a single lawyer could find appropriate evidence to continue their suits for foreclosure, closing the doors on all foreclosures in New York.
So what does that mean? I'm glad you asked. It means that since New York State has taken that step the other 49 should follow suit. Why? Well, residents in NY can't be offered special dispensation in the law so the rest of the states will have to follow. That means that all foreclosures, sales and evictions will come to a halt and once the dust settles the people who have lost their homes will have a chance to go back and re-open their cases. Then things will really get messy. Back to the imagination. I wonder what it looks like when all of the foreclosures from the last three or four years get overturned.
Then what happens to the people who are paying their mortgages? I think they should stop. Why? Well, if they stop there isn't anything the banking industry can do about it and it will tumble like an avalanche in Colorado. Don't worry, no one will take my advice because they will be too afraid of the result. You could take my advice but first take all of your paper money and convert it to silver.
Once the banking industry is gone so is all of the money. When that happens we will see a new currency in this country but the growing pangs will be beyond your wildest nightmare. Friends, you will not believe the pain and suffering and you won't believe the crime and the starvation. Our country will fall into marshal law and that means a total police state. We are already in a police state but this up and coming grief will be insurmountable for most people.
I know, I'm the bearer of bad news. Guess what? You can do something now to protect yourself....buy silver and or gold. Sell everything valuable and buy silver and gold. Don't worry about replacing it because you will be able to get it really cheap with your silver after the collapse of the economy.
Yes this will undeniably lead to the collapse of our economy. We were headed that way anyway but this takes us onto the autobahn of economy collapses. The banking collapse will accelerate the inevitable therefore the later will be the sooner. The government will urge you to pay your mortgages to keep the banks alive but let's face it we Americans are selfish and we'll just let'em burn in hell for stealing all of our money in the bailouts. Some of the homeowners will take their mortgage money and buy new cars, others will buy boats or land thinking they are getting ahead of the game. They won't be. The truth in the matter is; food will be the ultimate commodity.
It's going to happen, the fire has already started. Now we just have to wait and watch it spread. Good luck and God Bless, it's going to be a messy ride.
http://www.nypost.com/p/news/business/fraud_closure_biz_fizzles_out_C1jme9Dx7jmnaX58BF55DK
No comments:
Post a Comment