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I Hope You're Ready: 'The SELL - OFF Today Is The Start - Not The End'

Mac Slavo | February 25th, 2013 | SHTFplan.com

They’d have us believe that happy days are here again. And, if your only source of information for economic news is the mainstream media and their talking heads, then in all likelihood you’ve bought into the hype about an economy on the rebound, consumers being more confident, housing prices in recovery and a government that’s soon to resolve America’s fiscal woes.

Nothing could be further from the truth. We are very rapidly approaching a situation that could be much, much worse than what we experienced in 2008.

Remember, in 2008 then Secretary of the Treasury Hank Paulson warned that we were literally on the brink of collapse and Congressional representatives were told that the situation was so serious that should the economy, financial markets and the US dollar crash, it would lead to riots and the need for martial law.

We’re not making this up – see for yourself:

http://youtu.be/HaG9d_4zij8

Read more: http://www.shtfplan.com/h...



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Reported this morning...

JP Morgan to cut up to 19,000 jobs. Despite reporting record profits for the past three years, the bank is trying to reduce its overall expenses.

The job losses represent up to 7% of the company's overall workforce

JP Morgan Chase has said it plans to cut up to 19,000 jobs by the end of next year in its mortgage and community banking businesses.

The US bank revealed plans to reduce headcount by 3,000-4,000 at its consumer and community banking unit, and by 13,000-15,000 at its mortgage banking unit, in a presentation.

It expects about 4,000 losses to come this year, mainly through attrition, a spokeswoman said.

JP Morgan is the biggest US bank.

At the end of last year it employed almost 260,000 people.

beephree

Would it not be great if this were "the beginning of the end",,,

for J.P. Morgan?

It just means business as usual.

They employ the people necessary to rape the citizens of their tangible assets by first loaning them money they are unable to repay, then foreclosing and repossessing them and cycling them through to sell again. The money percolates to the top and the top bankers get record bonuses while their minimum wage level staff carry out their carnage and then are let go to suffer like the rest of the middle and lower class. The worker bees do not even realize they are part of the whole orchestrated theft to pyramid the profit up to the top executives. JP Morgan orchestrated the 1929 collapse for profit and nothing has changes since. Business as usual.

beephree

Revolution = Job Security > Constitutional Protections

when government began to hide from America the people mistook that for security.

when private banks hid government money from Americans, the people mistook that for freedom

A true flower can not blossom without sunlight and a true man can not live without love.

Cyril's picture

BUMP.

BUMP.

NASDAQ got slapped yesterday. A few other composite stocks, too.

I heard it's bad news coming from Europe... Italy, more specifically. Italy, this time, makes a change from Greece or Spain, always in the news, or France, even.

The bad news being Italy may not be so excited with the idea of that fiat (pun intended) "Euro" zone... Indeed... a "zone". lol.

Euro going down... Dollar goes up... hence stocks down.

Not sure if I can buy that, unless Euro/USD went really bad making the plunge. Haven't checked yet.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It's a healthy pull back

90 days of uptrnd
market was needing a pullback to draw more buyers in

Where You Bean Barracuda?

Suck em in and then lower the BOOM!!!