BANKING INSIDERS WARN OF UPCOMING COLLAPSE. MEANWHILE ICELAND'S FINANCIAL CRISIS AVERTED DUE TO LOGICAL STEPS THE REST OF THE PLANET IS AVOIDING

While Europe and US is coming dangerously close to the end of their rope, word is escaping that Iceland is chugging along after letting their banks fail and arresting everyone involved. That is the solution we should have accomplished but our President and Congress are either too beholden on Wall Street money to do anything or are not brave enough to implement them, or most likely, a combination of the two. One of Obama's biggest weaknesses is his over-willingness to compromise which allows the right to keep pulling him further and further toward their position. One never enters into any negotiation with the pre-planned idea of compromise, because if you do, the other side will drag their feet in order to get the most out of what they want, and this is exactly what the GOP has done to Obama. I would guess the President is a terrible poker player as he shows WAY to much of his hand upfront.

The news here and abroad lately is very bad. The same kind of outlook that started in 2008, around the exact same time I might add, is one that says LOOK OUT BELOW. Anyone investing in any bank stock should sell it RIGHT NOW. The bigwigs are getting out fast, with people like George Soros and John Paulson, divesting ALL of their bank stock for gold. Stock in Morgan Stanley is at record lows and pennies away away from its low 2008 price. Word is client funds are at risk and many insiders are talking behind closed doors of an imminent collapse. With the billionaires of the world escaping Morgan Stanley, BoA, JP Morgan and Goldman Sachs, this type of rumor should be taken very seriously.

Worse, it's not just them removing stock from the market. Last week $3.6 billion was pulled from the stock market and sent trading to an all time low as the chart below shows.




Most of the stock being traded at this point are HFT (High Frequency Trades) algorithms which is artificially raising or lowering the price as the hedge managers see fit. Over the past two years, more and more money has been leaving the stock market, to a tune of $300 billion dollars. In the past 32 weeks alone, only $3.6 billion in purchases have been made, compared to the $125 billion lost. So with that in mind, we can see the only reason the stock market is going up is because of HFT interference, and that can only work for so long before a total collapse occurs. We see no signs of a reverse of this and, in actuality, an acceleration of dumping stock that may soon be worthless, i.e. Morgan Stanley. Anyone with Enron, Bear Sterns or Lehman Brothers stock knows how worthless they can get.

All the while we have bankers stealing record numbers of money from us through HFT manipulation and off shore accounts that may be as high as $1.3 quadrillion dollars in illegal gains, the economy is nearing a total collapse. The Middle Class is being reduced to a smouldering heap and the GOP is running that train to derailment. Our standing of living continues to drop, with the salaries of everyone dropping faster than Chris Christie toward a Krispy Kreme. Nevermind the fact that we make less money now than we did in 1970, prices on everything are getting higher and higher and no one seems to care. Giving all out money to rich people so they can shower on us low paying jobs, with even the Minimum wage in GOP crosshairs because that $7.25 an hour they have to pay us is way to generous, is a sure fire way to end America as we know it, and the Tea Party and Republican faithful are leading the charge. Dumb asses.

Let's see some stats shall we:

Median household income for the self-employed has fallen 9.4 percent since June 2009.

-Median household income for private sector employees has fallen 4.5 percent since June 2009.

-Median household income for government workers has fallen 3.5 percent since June 2009.

-Median household income for Americans living in the West has fallen 8.5 percent since June 2009.

-Median household income for Americans living in the Northeast has fallen 4.9 percent since June 2009.

-Median household income for Americans living in the South has also fallen 4.9 percent since June 2009.

-Median household income for Americans living in the Midwest has fallen 1.1 percent since June 2009.

-A smaller percentage of Americans have jobs today compared to June 2009.

-Median household income has declined by 4.8 percent since June 2009.

-American families are far less wealthy than they were just a few years ago.

Remember, the recession supposedly ended in June 2009.

Since that time we have supposedly been in a “recovery." Some recovery.

All this as the elites have seen their salaries explode upward and the taxes lowered to record levels. Yet they still want more and are willing to bankrupt all of us to get it.

We keep hearing that this the only course to take. Yet, I look at Iceland, who had a very similar economic collapse in 2008 and find their recovery is booming. Unlike the US and Europe, Iceland let their banks fail and grabbed the money from the industry and those that scammed it instead of the taxpayers. Since then, Iceland made cuts that reduced the deficit from 14% to 2%, decreased unemployment to less than 5%, and expect growth of at least 2.8% by the end of the year. All of that without austerity measures, without disabling pensions and SS, without crushing the middle class.

And that plan? That sound you hear is crickets chirpping because no one is seriously even entertaining the idea. What we have here is a plan that works, will fix a lot of our problems and neither Democrats, Republicans or anyone in Europe is listening.

We have fixed NOTHING since 2008 and the old adage of "those that fail to learn from history are doomed to repeat it," is now front and center. A massive Depression looms and the worst part is, it could all be avoided. Voting for any Republican is a sure fire to end everything so by all means pull that ballot for Romney if you want the world to end. That is not exaggeration. The GOP platform will gut this country to the bone while letting the rich have even more they don't need. We need to go after these banks, arrest anyone connected with them and give money to people who need it, not the fucking Koch brothers and their Westworld playground.

Vote Obama 2012 and for a complete democratic congress. Then demand they start doing what we want or else their butt will be on the unemployment line next.