Economic collapse very soon

http://market-ticker.org/

Please read.....

yes, yes, everyone says we are out of the downturn...except for that pesky unemployment....and that pile of debt over there that the US government has to do something about....and the housing foreclosures...and the commercial foreclosures...and the credit card defaults - you've got to look at this!

Discover Financial Services Reports Aug Master Trust; Net Charge offs 9.16% v 8.43% m/m
JPMorgan Chase and Co Reports Aug Master Trust; Net charge offs 10.07% v 7.92% m/m
Bank of America Corp Reports Aug Master Trust; Net Charge offs 14.54% v 13.82% m/m
Citigroup Inc Reports Aug Master Trust; Net Charge offs 12.1% v 10.03% m/m
American Express Co Reports Aug Master Trust: Net write offs on managed basis 9.0% v 9.2% m/m (v 9.9% in June)

http://

Don't let the media fool you, the dow rally is not the economy, and those shares are not worth the same as they did back in March since the dollar has fallen just as much as the dow has risen. Go to market-ticker and look at the debt to gdp graphs Mr. Denninger has posted. IT'S NOT SUSTAINABLE, a crash is inevitable, and it's going to be far worse than if they hadn't bailed out the banks in the first place. So what do I mean by a economic collapse? Bank closures/bank holiday, martial law, extreme economic protectionism, currency change, homelessness, joblessness, and starvation. You might be thinking to yourself that you don't believe this insignificant backwater blogger, some moderator of a fringe survivalist peak oil forum, or a lowly blue collar paramedic, but you do so at you and your family's peril. Don't believe me, fine, but all I ask is for you to look at the charts, the graphs, the hardcore data and draw your own conclusions without being clouded with media spin, the fed chairman declaring the recession over because he was able to pump enough fiat dollars into the gdp numbers, or the president pontificating his glory that the free fall has been arrested.

We are running out of time! Get enough food for at least a year, enough guns/ammo to protect you and your family, a source of water - without electricity, and think about the ramifications of a worldwide apocalyptic collapse. Prepare your mind, body, and soul for survival.....then pray to whatever god you believe in.

Read my Katrina diary for a "mild" insight into what's coming - http://www.doomers.us/forum2/index.php/topic,46497.msg686812.html#new