Reply #96: Martin Weiss: Beginning Now: The Panic Phase of the Collapse [View All]

[DemReadingDU]

3/2/09 Beginning Now: The Panic Phase of the Collapse by Martin Weiss

Just as the Obama Administration launches a triple tirade of new initiatives — a record stimulus package, a bigger round of rescues, and the largest deficit financing of all time …

Just as the Treasury Department doubles down on its bailouts for sinking giants — Fannie Mae, Freddie Mac, AIG, General Motors, Chrysler, and Citigroup …

And precisely when the government has raised hopes for a recovery in 2010 …

The panic phase of this collapse is about to begin.

The panic phase is an acceleration in the economic decline … a chain reaction of debt explosions … a free-fall in the financial markets … and a series of rude awakenings that will accelerate the decline even further:

Rude Awakening #1
In a Collapse, Washington’s Economic
Forecasting Models Are Worthless.
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Rude Awakening #2
The Economy Is Sinking Three to
Five Times Faster Than Expected.
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Rude Awakening #3
The Dangerous, Unintended Consequences of the
Government’s Rescue Efforts Can Only Deepen,
Broaden and Prolong the Economic Decline.
more...

Rude Awakening #4
Investors Who Fail to Take Protective
Action Could Lose as Much as 90 Percent
In Virtually Every Asset Imaginable.
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http://www.moneyandmarkets.com/beginning-now-the-panic-phase-of-the-collapse-29932