... U.S. trend researcher Gerald Celente: The Crash of 2010

[Lowsix Profile]

I just saw a special on this, and it basically said we are just about halfway through the thing.

That the next wave of defaulting mortgages and leases and commerical realestate notes begin to come due in march and will run through 2012..

The graph showed two peaks on either side of a midway point..the left hand side peak (the past) inclded the adjustible rate stuff, and sub primes...the Right side showed the Alt A, and ARMS going belly up with a rate of nearly 50% across the total of all commercial mortgages.

MEaning int he next two years, 50% of ALL (not some) commerical notes were going to default. That is malls, industrial complexes, construction, retail particularly, and light manufacturing.

Halfway through.

[Jerko Profile]

Stupid is as stupid does, as Forest Gump's mother used to say.

Other times, people suffer because countries are stupid and bring bad things upon themselves.

The great recession of our time is only the most obvious manifestation of a 300 year process of wealth transfer from bottom to top.

The destruction of the middle class is irrelevant to the modern day pirates, they must have their treasure at any cost.

Trust in free markets is dead.

All our problems today are directly related to monetary system.
Fundamental source of power dos not lie in creating a laws, power is created by creating money that buys the laws.
Money is the main source of political power.
The monetary system is the one that affects our daily lives more than the executive, judicial and legislative decisions together.

Unfortunately, our monetary system is not designed to create a kind of world that most of us dream.
The money has been privatized in the absolute extent and is beyond the control of our "democratic" system.

The trick exists, but so far we have not been able to see it.
Money is first created from nothing, and then disappears into nothing.
All the money is created out of nothing as a debt that must be repaid at interest. There is no way that debt can possibly be repaid because banks create only the principal but not the interest to service their loans.

Ownership of financial system for the community is of the key importance to achieve any kind of lasting prosperity

Alternative currencies have already become a viable option, by using them we can build bridges between individuals, companies, countries and their unfulfilled needs and objectives.

Crom Alternative Currency System is one of the valuable new tools available to all people worldwide interested in building a better future based on sustainable economy and common sense, financial democracy and social justice in whose heart beats the monetary sovereignty and financial independence of all community members as a basic condition of existing for any democratic civil society.

Alternative Economic Approach To Sustainable Development - Crom Alternative Currency System

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