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Title: On Point with Charlie McGrath- Signs of Massive Economic Collapse Are Everywhere
Published: 2014-06-04
Source: https://www.youtube.com/watch?v=FIIUP1O00Vk
Title: On Point with Charlie McGrath- Signs of Massive Economic Collapse Are Everywhere
Published: 2014-06-04
Source: https://www.youtube.com/watch?v=FIIUP1O00Vk
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two thousand and eight in my opinion began the period of time known as I too big to fail era in the United States of America it may seem like ancient history to some but we better focus on that period of time so we can understand the next major financial disaster it's coming to this country let's let's look at what resulted from the collapse the market collapse2/14
the economic collapse of two thousand and eight we've seen too big to fail institutions become even larger and more powerful and more systemic and more entrenched in government in writing policy that benefits them we've seen a nation of three hundred and twenty million people in up with a welfare roll that is up over forty seven million forty five million people on food stamp fifty six percent3/14
of the population is considered to be below average bicho score we have seventeen point five trillion dollars in sovereign debt all of this a large part is due to the financial collapse of two thousand and eight so it's very critical that we understand what is coming next you see it isn't as the establishment business medium Washington and Wall Street want you to believe which is two4/14
thousand it was inevitable nobody saw it coming we could have prevented it we did everything we could that is not true there was a lot of people that knew what was coming there was a lot of people that saw the risky gambling going on and could see the indicators and saw that that we were heading for disaster in late two thousand eight and most certainly we5/14
did but if we look at some of the key indicators right now we see that we're heading for even a larger disaster you see because what happens in two thousand fourteen or two thousand fifteen it isn't going to be a nation that sitting there with seven or eight trillion dollars in sovereign debt no we're gonna be a nation that is a twenty trillion dollars in sovereign6/14
debt we're not gonna be sitting here with fifteen twenty million people on food stamps it's going to be more in the neighborhood of sixty million people on food stamps not half the nation on a below the poverty line but two thirds of the nation below the poverty line the too big to fail institutions when the next financial disaster occurs they're not gonna be systemic they are7/14
going to be the government they will be responsible for every piece of legislation that is written so it is key that we look at some of the indicators to see how far all this collapse is from occurring a few indicators such as the margin debt verses the growth of the SNP five hundred if we look out through tight with throughout time in history we see that8/14
every single time margin debt on Wall Street out paces the growth of the S. and P. five hundred we go into a recession that is much more violent than the one prior now the all time high of margin debt to S. and P. five hundred growth ratio was set in two thousand and seven right before the collapse of two thousand and eight the all time high9/14
in two thousand seven that is Intel the first quarter of two thousand and fourteen margin debt today is now at a new all time high this will precede then next financial collapse how about our GDP growth you have been in bed mainstream establishment business media their toes the party line that pushes the propaganda forward that we are in the midst of recovery that stealing from your10/14
financial future as somehow saved this consumer based economy yeah Washington DC that loves to cook the books and put out Rosier than reality numbers and Wall Street that wants to push the same a garbage over and over again that the more that we go into the better our economy is going to get now all of these people together all of these thinkers together had come up11/14
with the projection of three percent growth in our GDP in the first quarter of two thousand fourteen what was the real number even with the government that government over there putting out point one percent growth a sure indicator the recession is right around the corner but here's something that you hit hold to everybody because it is the housing sector one of the strongest pillars of our12/14
economy what the first quarter bring in the housing sector this sector that was absolutely obliterated in two thousand eight trillions and trillions of dollars of wealth lost millions and millions of peoples homes foreclosed on what did this new a vibrant housing sector bring in the first quarter this year how about with Citigroup a seventy one percent decrease in first time home mortgage origination JP Morgan right13/14
behind them with the sixty eight percent decrease in first time home mortgage origination this is just three of the fifteen signs of impending financial disaster that's going to be far greater than anything we saw in two thousand eight that we're gonna cover with financial expert gave up on this week's on point with me Charlie McGrath not only on the boiling frog post please this free preview