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Ella-Henderson's picture
Get your house in order!

COLLAPSE: Mortgage company Fannie Mae

FOR QUITE a while now I have been thinking that there is something rather ‘handmade’ about the economic and political crisis that is engulfing the world.

This seemed to be confirmed when over dinner last week, a friend who knows far more than I about world affairs and economics mentioned the predictions of American company Stansberry and Associates Investment Research 10 years ago.

They warned anyone who cared to listen about a coming economic storm like no other. Specifically, they spoke about the collapse of companies such as mortgage giants Fannie Mae and Freddie Mac, Bear Stearns, Lehman Brothers, and even General Motors. This was denounced as unthinkable at the time.

More worryingly, however, the same firm predicted that the next phase in this crisis – to occur in 2012 – will threaten our very way of life.

The savings of millions will be wiped out. In short, the way we live now is going to be a thing of the past – basics like milk, bread and petrol will soar, credit cards will stop working, and basically we won’t know what to do when banks close…

Eyes wide open, I had to tell my friend to stop, as I was surely going to have an accident right there in the middle of Café Nero. But he also spoke of a secret gathering in 2009 of a group of the world’s most powerful countries – including China, Japan, Russia, and France, without the United States or Britain being present or even knowing about the meeting.

Going further, the implication was that countries are moving away from the dollar as their default reserve currency and instead will look to the Japanese Yen and Euro. This, remember, was two years ago.

It may seem laughable, but I had to leave my sandwich untouched. I lost my appetite. As I walked home alone, it felt like I was living in the black and white world of the great depression just before the storm.

My advice to you is what I told myself: get your house in order, buckle up and hold on tight, because we ain’t seen nothing yet.

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