William MountTHE US ECONOMY IS CRASHINGThu Oct 25, 2012 10:12126.96.36.199It appears that the US economy is crashing and w3hen it does it will crash hard.
As we enter the election season few of us realize just how bad the economy really is.
Here is what is about to happen:
1) US States have routinely been receiving Federal Bail Outs since the economy crashed beginning 12 October 2007. Those subsidies ended 1 October 2012.
States like California are not "Defaulting" on their loans, just extending the payout date. Thus if you have a California Bond for $100,000 at 55 you may find your 5% terminated and the bond will payoff in 30 years - say, in the year 2052. We have covered this in previous APFN stories.
California alone has a 28 Billion Dollar Shortfall in their budget, or around 27% of their budget. Most is due to welfare, education and health care for foreigners.
Overall State Shortfall runs over $100 Billion this year and over 44 states are in the red for their budgets.
The only way to meet obligations is to either cut welfare or default on their bonds.
See: "States Continue to Feel Recession Impact"
2) About 42% of all Homes and Condos in the US are in Default, US Dept of Treasury Stats. This stands alone.
3) The IRS Mortgage Debt Relief Act ends 31 Dec 2012. In the past you could sell your home for less than what you paid for it and the amount your were "Forgiven" was not taxable. That ends.
So, for example, if you now sell a home you owe $300,000 for - for $200,000 - you are forgiven $100,000 in debt. After 1 January 2013 you will owe $35,000 in Capitol Gains on this $100,000. The IS will hunt you down and force you to pay at 8% until they get your last drop of blood.
Short Sales are coming to a stand still, sales of Homes are falling off a cliff.
Already we see many, many homes rotting on Zillow.com. We looked at several and these nice homes are rotting from the inside out. Rather than taking a loss on the homes, the bank is just letting them sit with no power or water and rot.
The 2 Senators Aids I spoke with have stated there are no plans to re-extend this. Home Owners wishing to move are ---screwed.
4) The HAMP program was created to help home owners pay less on their homes, to permanently reduce their mortgage to around 3%. A new ruling states that after 5 years our interest rate goes back up to where you started from, 1% per year. So - since most were acquired in 2010-2011 this means that these folks will begin to pay more around 2015-2016 - a ticking time bomb for whoever is in office.
5) The giving ways of $16 Trillion plus the doubling of the money supply by the Federal Reserve System (IMF Owned) ensures Hyper inflation in the next 18 months.
Remember: a gas price increase from $1.89 to $4.50 per gallon means a 1% rise in inflation, right?
6) State Taxes across the nation are set to rise 31 January 2013. Here in Washington State our Car Tabs more than double the day are current governor leaves office, and 19 highways across the state are about to become Toll Roads.
You want your illegal Aliens Welfare and Social Security and education, and WIC, and Home Give Away Programs, and free housing - now you pay for it.
Remember - for every $1 you take out of Private Industry for Government purposes - you remove $6 form the Private sector.
Thus - create 1 Government Job, you loose 6 Private Sector Jobs.
7) Increased WAR.
Robert Shapiro, Asst sec of State (US), 19 June 2012: "The mission of the US State department is to increase US weapon's Sales World Wide."
A few hours ago the US and Israeli planes bombed a Sudan Arms Manufacturing Plant that was NOT owned by the IMF. In response Egypt is fully deployed for war, readying to enter Libya to seize the oil wells there and then to turn on Israel like a Jackel.
It was a trap to get Israel into a war on all fronts and then to kill Israel's, Libyans, and Iranians - which is exactly where the Israel's have gone throughout the centuries.
If is all about killing the blood line of Abraham and creating World War.
In addition, the Syrian Free Army (Terrorists) have just shot down a civilian plane in Syria with a US made Stinger Missile purchased by the English Embassy in Jerusalem, and the money came from the IMF in London.
In the Sudan they are building a Dam to cut off Egyptian water in the Nile.
In Turkey and Syria they are damming up the water in the Euphrates so the Iraq's and Kuwaite's have no water.
Rather than building Desalinization plants the IMF is lending them money to buy tanks, rifles, jets, missiles, etc.
The US just tested "CHAMP" and is now deploying the new Missile. As it flies over it shuts down everything electronic - everything: Cameras, phones, computers - permanently. The US Corporation is under orders by the IMF to prepare to send the world back into the stone ages.
So apparently - the Rothschild's (IMF) and the Vatican Bank (Controls the IMF), who initially ordered this coming WAR, are asking for a fight. So - bring it home to Rome and London and DC and Under Denver, not Bengazi and Jerusalem. They want a war, then fight them, not your brothers.
For you Intel Geeks:
GOD is not quite done with the sun. Get out your sunglasses and watch the mighty hand of GOD.
Remember the Bible prophesy about you Geeks hiding in your caves and watching for death?
GOD says you have 2 choices: Stop this war or die like rats trapped in a cold, dark cave.
Please Pray that the world takes out the nuts who have ordered this war NOW.
Thank you APFN
Dr William B. Mount