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	<title>Comments on: Mortgage Giants&#8217; Collapse Could Herald 1930&#8217;s Style Depression</title>
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		<title>By: HenryDavidThoreau</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-7191</link>
		<dc:creator>HenryDavidThoreau</dc:creator>
		<pubDate>Tue, 22 Jul 2008 03:40:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-7191</guid>
		<description>The Real Financial Truth is now considdered fringe by the mainstream.  Unbelieveable!!!  Logic and reason does not even make it onto the main news shows save for Glen Beck&#039;s show on CNN too little to late.  Was this the same thing that happened prior to the 1929 depression?  We must understand that the general public understood the value of gold and silver as well as real assets vs. Fiat currency very similarly to how the Chinese know this today.</description>
		<content:encoded><![CDATA[<p>The Real Financial Truth is now considdered fringe by the mainstream.  Unbelieveable!!!  Logic and reason does not even make it onto the main news shows save for Glen Beck&#8217;s show on CNN too little to late.  Was this the same thing that happened prior to the 1929 depression?  We must understand that the general public understood the value of gold and silver as well as real assets vs. Fiat currency very similarly to how the Chinese know this today.</p>
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		<title>By: HenryDavidThoreau</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-7181</link>
		<dc:creator>HenryDavidThoreau</dc:creator>
		<pubDate>Tue, 22 Jul 2008 03:24:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-7181</guid>
		<description>Anyone see the US Dollar Index last Sunday?  Did it dip below 70.5 at all?  That was when the rate cut happend.  ON A SUNDAY!!! Yes.  On March 16th 2008 I saw the index fall as low as 70.31 until the Fed cut rates.</description>
		<content:encoded><![CDATA[<p>Anyone see the US Dollar Index last Sunday?  Did it dip below 70.5 at all?  That was when the rate cut happend.  ON A SUNDAY!!! Yes.  On March 16th 2008 I saw the index fall as low as 70.31 until the Fed cut rates.</p>
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		<title>By: CB</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-5814</link>
		<dc:creator>CB</dc:creator>
		<pubDate>Fri, 18 Jul 2008 17:06:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-5814</guid>
		<description>&quot;
July 17,2008

A lot of people are still taken in by 911. They do not educate themselves, so they are not prepared. They have the internet and are two clicks away from finding the truth about the world they live in, but they can’t be arsed because they are too busy shopping and obsessing about trivia. They deserve what is coming.&quot;

Look Suraci, no body deserves what is coming.  I wouldn&#039;t wish such things on our worst enemies.  We are all on the same boat together, if one goes down we all go down. That is why the NWO is so cancerous, because the elite think they are separate from us when they are not. (why do you think they now seek robots and bio mind control so much) There quest for power and the power for there to be only one, will eventually create mistrust amongst themselves and in the end, destruction. There is no peace.  Only following the laws of nature, in balance and cooperation, brings peace.</description>
		<content:encoded><![CDATA[<p>&#8221;<br />
July 17,2008</p>
<p>A lot of people are still taken in by 911. They do not educate themselves, so they are not prepared. They have the internet and are two clicks away from finding the truth about the world they live in, but they can’t be arsed because they are too busy shopping and obsessing about trivia. They deserve what is coming.&#8221;</p>
<p>Look Suraci, no body deserves what is coming.  I wouldn&#8217;t wish such things on our worst enemies.  We are all on the same boat together, if one goes down we all go down. That is why the NWO is so cancerous, because the elite think they are separate from us when they are not. (why do you think they now seek robots and bio mind control so much) There quest for power and the power for there to be only one, will eventually create mistrust amongst themselves and in the end, destruction. There is no peace.  Only following the laws of nature, in balance and cooperation, brings peace.</p>
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		<title>By: CB</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-5810</link>
		<dc:creator>CB</dc:creator>
		<pubDate>Fri, 18 Jul 2008 16:59:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-5810</guid>
		<description>Really, the FBI should go after bankers personal fortunes if they need money to save the banks, because the CEO of these companies are still running off with all of this fortune after they used fraud to swindle the american people, and the government turned a blind eye to it. 


Don&#039;t let Freddie Mac get saved, and yet not hold the CEO&#039;s held responsible for practices that should be illegal in the first place.  You shouldn&#039;t be able to create credit bubbles in the first place. That is false accounting.   If people rob banks, they go to jail. Why can&#039;t these people.</description>
		<content:encoded><![CDATA[<p>Really, the FBI should go after bankers personal fortunes if they need money to save the banks, because the CEO of these companies are still running off with all of this fortune after they used fraud to swindle the american people, and the government turned a blind eye to it. </p>
<p>Don&#8217;t let Freddie Mac get saved, and yet not hold the CEO&#8217;s held responsible for practices that should be illegal in the first place.  You shouldn&#8217;t be able to create credit bubbles in the first place. That is false accounting.   If people rob banks, they go to jail. Why can&#8217;t these people.</p>
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		<title>By: Scorpion081</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-5447</link>
		<dc:creator>Scorpion081</dc:creator>
		<pubDate>Thu, 17 Jul 2008 21:50:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-5447</guid>
		<description>Economic tyranny in the making folks! Let&#039;s not forget that it was Paul Warburg who was the FED Chairman during the &quot;roaring 20&#039;s&quot;. We mustn&#039;t forget that it was the world&#039;s banking empire that sowed the seeds for economic depression in Germany which started down the road to W.W.II ( together with the ill-conceived &quot;Versailles Treaty&quot; ).

I don&#039;t know about anyone else, but I see no end in sight for this huge &quot;Black hole&quot;! We should have never given up our possession of our true Gold and Silver money! To quote G. Gordon Liddy: &quot;Oh, Ye suckerrrsss !!!&quot;

-JSSmith(Scorpion081)</description>
		<content:encoded><![CDATA[<p>Economic tyranny in the making folks! Let&#8217;s not forget that it was Paul Warburg who was the FED Chairman during the &#8220;roaring 20&#8217;s&#8221;. We mustn&#8217;t forget that it was the world&#8217;s banking empire that sowed the seeds for economic depression in Germany which started down the road to W.W.II ( together with the ill-conceived &#8220;Versailles Treaty&#8221; ).</p>
<p>I don&#8217;t know about anyone else, but I see no end in sight for this huge &#8220;Black hole&#8221;! We should have never given up our possession of our true Gold and Silver money! To quote G. Gordon Liddy: &#8220;Oh, Ye suckerrrsss !!!&#8221;</p>
<p>-JSSmith(Scorpion081)</p>
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		<title>By: suraci</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-5373</link>
		<dc:creator>suraci</dc:creator>
		<pubDate>Thu, 17 Jul 2008 19:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-5373</guid>
		<description>A lot of people are still taken in by 911. They do not educate themselves, so they are not prepared. They have the internet and are two clicks away from finding the truth about the world they live in, but they can&#039;t be arsed because they are too busy shopping and obsessing about trivia. They deserve what is coming. They are like so many children, thinking that these events would not affect them. They are wrong, and are about to discover that they live in the same world as all those who have so obviously suffered these past few years at the hands of fascists while they stood still and did nothing. 

The good people of Iraq, Afghanistan and anywhere the elite vermin have been screwing over lately are about to see a bit of pay back heaped on the complacent and complicit west. Let&#039;s hope that finally making them mad enough to wake up and join us in the truth movement. When we have the numbers we can move against these creatures where it matters, in the real world.</description>
		<content:encoded><![CDATA[<p>A lot of people are still taken in by 911. They do not educate themselves, so they are not prepared. They have the internet and are two clicks away from finding the truth about the world they live in, but they can&#8217;t be arsed because they are too busy shopping and obsessing about trivia. They deserve what is coming. They are like so many children, thinking that these events would not affect them. They are wrong, and are about to discover that they live in the same world as all those who have so obviously suffered these past few years at the hands of fascists while they stood still and did nothing. </p>
<p>The good people of Iraq, Afghanistan and anywhere the elite vermin have been screwing over lately are about to see a bit of pay back heaped on the complacent and complicit west. Let&#8217;s hope that finally making them mad enough to wake up and join us in the truth movement. When we have the numbers we can move against these creatures where it matters, in the real world.</p>
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		<title>By: mike</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-5308</link>
		<dc:creator>mike</dc:creator>
		<pubDate>Thu, 17 Jul 2008 16:56:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-5308</guid>
		<description>If you’re ready to be paid in PESOS…just keep sitting in front of that dummy box, sipping swill and supporting the Monkey-In-Chief.

If NOT…GET OFF YER ASS!</description>
		<content:encoded><![CDATA[<p>If you’re ready to be paid in PESOS…just keep sitting in front of that dummy box, sipping swill and supporting the Monkey-In-Chief.</p>
<p>If NOT…GET OFF YER ASS!</p>
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		<title>By: nikoli</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-4725</link>
		<dc:creator>nikoli</dc:creator>
		<pubDate>Wed, 16 Jul 2008 10:46:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-4725</guid>
		<description>well expect a war.....

looks like america is in 8 trillion dollars of debt.....

well who do you owe all that money to.... other countries.....

someone wants there money..... they loaned you and loaned you and now it&#039;s time to pay up..... if you don&#039;t pay, then the dollar will go bust...

so what does the goverment do.... they need money to pay the debt and there is not enough to pay..... well the goverment has to rob a country of it&#039;s wealth,,,, they got iraq.... but thats not enough... the real goldmine is iran....

but the problem is.... iran has 70 million people gaurding that trillions of dollars in oil....
iran is 3 times bigger then iraq... they got iraq and built there bases in afgahnistan and iraq... now for the big strike on iran...

you want to get out of the economic and oil depression....
then follow bush into iran....

people want there money.... you americans owe them that money... not me mr nikoli... but you americans owe 8 trillion dollars...

and don&#039;t think your not going to pay... you will pay,,, maybe sell some land to mexico, some to russia, some to england....

be careful americans.... your country is not looking to healthy...</description>
		<content:encoded><![CDATA[<p>well expect a war&#8230;..</p>
<p>looks like america is in 8 trillion dollars of debt&#8230;..</p>
<p>well who do you owe all that money to&#8230;. other countries&#8230;..</p>
<p>someone wants there money&#8230;.. they loaned you and loaned you and now it&#8217;s time to pay up&#8230;.. if you don&#8217;t pay, then the dollar will go bust&#8230;</p>
<p>so what does the goverment do&#8230;. they need money to pay the debt and there is not enough to pay&#8230;.. well the goverment has to rob a country of it&#8217;s wealth,,,, they got iraq&#8230;. but thats not enough&#8230; the real goldmine is iran&#8230;.</p>
<p>but the problem is&#8230;. iran has 70 million people gaurding that trillions of dollars in oil&#8230;.<br />
iran is 3 times bigger then iraq&#8230; they got iraq and built there bases in afgahnistan and iraq&#8230; now for the big strike on iran&#8230;</p>
<p>you want to get out of the economic and oil depression&#8230;.<br />
then follow bush into iran&#8230;.</p>
<p>people want there money&#8230;. you americans owe them that money&#8230; not me mr nikoli&#8230; but you americans owe 8 trillion dollars&#8230;</p>
<p>and don&#8217;t think your not going to pay&#8230; you will pay,,, maybe sell some land to mexico, some to russia, some to england&#8230;.</p>
<p>be careful americans&#8230;. your country is not looking to healthy&#8230;</p>
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		<title>By: To Grant Koivula</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-4615</link>
		<dc:creator>To Grant Koivula</dc:creator>
		<pubDate>Wed, 16 Jul 2008 00:40:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-4615</guid>
		<description>I would agree with your notion of &quot;fear mongering&quot; if it were not for the fact that the agenda for a new world order is so blatantly obvious at this point that anyone with half a brain and two functioning eyeballs should see the overwhelming evidence of such. Stock markets are not controlled by market forces, they are controlled by very powerful bankers; and when they collapse it will be by design and the recovery will not be one which will afford populations to recover and move on with their lives. If you believe Alex is using &quot;fascist&quot; techniques then you must know the technique well; as you have said: &quot;Scaring people into submission of your beliefs is a manipulative fascist technique&quot;. If you can discern that Alex is doing that on a small scale, but yet you make no mention of that same technique, which is clearly being done on a grand scale then your eyes are wide shut. What power to you really have as a human being against the juggernaut that is the NWO? I challenge you to be the first to use your &quot;beautiful creative brain&quot; to find a solution to combat an agenda, which has been in the making since before you existed, and is so interlocked and so well-established that the very moment you believe you are making progress you find that you are merely squirming freely within a giant web. It pays to have friends who sacrifice their lives to bring real information and truth where it is needed, and to lay it at the feet of ordinary human beings. To criticize without an honest and in-depth investigation into the facts presented is an affront to the hard work and dedication of many fine folk like Alex who are doing their utmost to ensure you do not go down without a fight. You&#039;re scared of what Alex is doing? Well, you haven&#039;t even begin to see things for what they really are; and you&#039;re scared of the wrong people.</description>
		<content:encoded><![CDATA[<p>I would agree with your notion of &#8220;fear mongering&#8221; if it were not for the fact that the agenda for a new world order is so blatantly obvious at this point that anyone with half a brain and two functioning eyeballs should see the overwhelming evidence of such. Stock markets are not controlled by market forces, they are controlled by very powerful bankers; and when they collapse it will be by design and the recovery will not be one which will afford populations to recover and move on with their lives. If you believe Alex is using &#8220;fascist&#8221; techniques then you must know the technique well; as you have said: &#8220;Scaring people into submission of your beliefs is a manipulative fascist technique&#8221;. If you can discern that Alex is doing that on a small scale, but yet you make no mention of that same technique, which is clearly being done on a grand scale then your eyes are wide shut. What power to you really have as a human being against the juggernaut that is the NWO? I challenge you to be the first to use your &#8220;beautiful creative brain&#8221; to find a solution to combat an agenda, which has been in the making since before you existed, and is so interlocked and so well-established that the very moment you believe you are making progress you find that you are merely squirming freely within a giant web. It pays to have friends who sacrifice their lives to bring real information and truth where it is needed, and to lay it at the feet of ordinary human beings. To criticize without an honest and in-depth investigation into the facts presented is an affront to the hard work and dedication of many fine folk like Alex who are doing their utmost to ensure you do not go down without a fight. You&#8217;re scared of what Alex is doing? Well, you haven&#8217;t even begin to see things for what they really are; and you&#8217;re scared of the wrong people.</p>
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		<title>By: Pete from Missouri</title>
		<link>http://www.prisonplanet.com/mortgage-giants-collapse-could-herald-1930s-style-depression.html/comment-page-3#comment-4355</link>
		<dc:creator>Pete from Missouri</dc:creator>
		<pubDate>Tue, 15 Jul 2008 14:18:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.prisonplanet.com/?p=426#comment-4355</guid>
		<description>In the last &quot;great depression&quot;, gold was called in, and the country went over to a system of monetized debt, which had been creeping up since the creation of the Federal Reserve System in 1913. With the call in and revaluation of gold in 1933, followed by the abrogation of the gold standard via HJR 192, the US was officially bankrupt.  The form of bankruptcy was a receivership.  This is a &quot;chapter 11&quot; or &quot;chapter 13&quot; bankruptcy, that is, not a complete bankruptcy.  

TWA did this several times.  K-Mart did this.  So have other corporations.  In the event that a corporation is basically sound except for having over extended, the creditors step in and dictate how things will be run.  Parts of the corporation might be sold off, certain people get fired, others get brought onboard, stock sometimes is consolidated.  In some cases, the corporation will become healthy again, pay off its debt, etc.
But in other cases, the condition worsens, and the bankruptcy proceeds to its final phase, known as a &quot;chapter 7&quot;, which is a total foreclosure.  Alex Jones keeps saying &quot;we are going into a receivership&quot; but he is wrong on that point, I&#039;m sure just a matter of misunderstanding a few words, and I&#039;m sure that what he means to say is that we are going into a foreclosure.  

TWA eventually went into that final phase of bankruptcy, following in the footsteps of Eastern Airlines and PanAm.  Their routes were sold off, their planes were sold off, their terminal buildings were sold off, their corporate HQ buildings were sold off, etc.  Creditors were paid, stock holders were phugged.  

With the bankruptcy of the corporate entity known as the United States, it was known sometime in the late 1930&#039;s that the bankruptcy would proceed to its final phase.  The process has been a long, ongoing one now for at least 75 years.  Some of the significant events have been the enumeration of all of their &quot;human resource assets&quot;, i.e., social security, income tax withholding on the job, an end to silver coinage in the mid 60&#039;s, an ongoing, unfavorable balance of trade, the exporting of American industrial might (at its peak shortly after WWII), the continual erosion of our liberties, the JFK/MLK/RFK shootings, the &quot;leveraging of America&quot; during the Reagan years, the wholesale exporting of our country&#039;s vital assets during the Clinton years, privatization of water resourses and roads, 9-11 and the phase-in of a new system of law with the USA PATRIOT Act, and now the wholesale destruction of the dollar/the middle class/home ownership.  So what&#039;s next?

At a minimum, there will be a deepening of the recession.  There will be a depression, it&#039;s a matter of exactly when and how bad will it be.  Salvation will be offered in the form of a merger of North American currencies, i.e., the Looney, the Dollar, and the Peso, into the Amero, which, we will be told, will be needed to compete against the Euro/European Union and that it will be a &quot;good thing&quot; and make us &quot;competitive&quot; again.  This will be followed in quick succession by a number of other currency mergers, until finally there will be a single currency, planet wide. 

I believe that the final unit of currency will NOT be a unit of monetized debt, but, rather, what will be monetized will be the carbon credit, that is, each unit of currency will be a license to put a specific weight of carbon into the atmosphere.  For instance, a single carbon credit may translate to 1 metric ton of carbon, whearas the Phoenix, or whatever the final currency unit is called, may translate into .001 carbon credit, or a permission to put 1kg of carbon into the atmosphere.  Or it may be, say, 10 grams.  Whatever.  The bottom line is this ... what the &quot;creditors&quot; want is total control, and the monetization of the carbon credit will give them this.  If you buy into this scheme, you have agreed to have your right to breathe converted into a privilege granted by the creditor.  

When the American people were converted from free human beings into indentured serfs via income tax withholding on the job, the controllers/masters/creditors did so on a legal basis, by first sucking everyone into a &quot;totally voluntary program&quot; known as social security.  In order to fully posess/own their &quot;human resource assets&quot; there will be some other legal connection that we will all &quot;voluntarily&quot; agree to.  Ultimately this will be &quot;the mark&quot;.  

Anyways, the only game in town right now is survival and resistance.  Now is the time to consider the how&#039;s and why&#039;s.

Pete</description>
		<content:encoded><![CDATA[<p>In the last &#8220;great depression&#8221;, gold was called in, and the country went over to a system of monetized debt, which had been creeping up since the creation of the Federal Reserve System in 1913. With the call in and revaluation of gold in 1933, followed by the abrogation of the gold standard via HJR 192, the US was officially bankrupt.  The form of bankruptcy was a receivership.  This is a &#8220;chapter 11&#8243; or &#8220;chapter 13&#8243; bankruptcy, that is, not a complete bankruptcy.  </p>
<p>TWA did this several times.  K-Mart did this.  So have other corporations.  In the event that a corporation is basically sound except for having over extended, the creditors step in and dictate how things will be run.  Parts of the corporation might be sold off, certain people get fired, others get brought onboard, stock sometimes is consolidated.  In some cases, the corporation will become healthy again, pay off its debt, etc.<br />
But in other cases, the condition worsens, and the bankruptcy proceeds to its final phase, known as a &#8220;chapter 7&#8243;, which is a total foreclosure.  Alex Jones keeps saying &#8220;we are going into a receivership&#8221; but he is wrong on that point, I&#8217;m sure just a matter of misunderstanding a few words, and I&#8217;m sure that what he means to say is that we are going into a foreclosure.  </p>
<p>TWA eventually went into that final phase of bankruptcy, following in the footsteps of Eastern Airlines and PanAm.  Their routes were sold off, their planes were sold off, their terminal buildings were sold off, their corporate HQ buildings were sold off, etc.  Creditors were paid, stock holders were phugged.  </p>
<p>With the bankruptcy of the corporate entity known as the United States, it was known sometime in the late 1930&#8217;s that the bankruptcy would proceed to its final phase.  The process has been a long, ongoing one now for at least 75 years.  Some of the significant events have been the enumeration of all of their &#8220;human resource assets&#8221;, i.e., social security, income tax withholding on the job, an end to silver coinage in the mid 60&#8217;s, an ongoing, unfavorable balance of trade, the exporting of American industrial might (at its peak shortly after WWII), the continual erosion of our liberties, the JFK/MLK/RFK shootings, the &#8220;leveraging of America&#8221; during the Reagan years, the wholesale exporting of our country&#8217;s vital assets during the Clinton years, privatization of water resourses and roads, 9-11 and the phase-in of a new system of law with the USA PATRIOT Act, and now the wholesale destruction of the dollar/the middle class/home ownership.  So what&#8217;s next?</p>
<p>At a minimum, there will be a deepening of the recession.  There will be a depression, it&#8217;s a matter of exactly when and how bad will it be.  Salvation will be offered in the form of a merger of North American currencies, i.e., the Looney, the Dollar, and the Peso, into the Amero, which, we will be told, will be needed to compete against the Euro/European Union and that it will be a &#8220;good thing&#8221; and make us &#8220;competitive&#8221; again.  This will be followed in quick succession by a number of other currency mergers, until finally there will be a single currency, planet wide. </p>
<p>I believe that the final unit of currency will NOT be a unit of monetized debt, but, rather, what will be monetized will be the carbon credit, that is, each unit of currency will be a license to put a specific weight of carbon into the atmosphere.  For instance, a single carbon credit may translate to 1 metric ton of carbon, whearas the Phoenix, or whatever the final currency unit is called, may translate into .001 carbon credit, or a permission to put 1kg of carbon into the atmosphere.  Or it may be, say, 10 grams.  Whatever.  The bottom line is this &#8230; what the &#8220;creditors&#8221; want is total control, and the monetization of the carbon credit will give them this.  If you buy into this scheme, you have agreed to have your right to breathe converted into a privilege granted by the creditor.  </p>
<p>When the American people were converted from free human beings into indentured serfs via income tax withholding on the job, the controllers/masters/creditors did so on a legal basis, by first sucking everyone into a &#8220;totally voluntary program&#8221; known as social security.  In order to fully posess/own their &#8220;human resource assets&#8221; there will be some other legal connection that we will all &#8220;voluntarily&#8221; agree to.  Ultimately this will be &#8220;the mark&#8221;.  </p>
<p>Anyways, the only game in town right now is survival and resistance.  Now is the time to consider the how&#8217;s and why&#8217;s.</p>
<p>Pete</p>
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