Closed Door Session of Congress on March 13, 2008, predicted the present economic crisis

Closed Door Session of Congress, March 13, 2008: As I travel around the country in the gold business via my telephone, talking to hundreds of people from all walks of life, and also doing a variety of radio interviews in different parts of the country, I many times stumble across information that is both eye-opening and down right shocking. This piece of information about the Closed Door Session of Congress, the House of Representatives, falls into the latter category.

I found out about this closed-door session of Congress from a talk show host in South Carolina at the end of April, 2008, and I have been talking about it ever since. Because of the tight security of the session and the ominously dire warnings issued to our government officials during the session, there is no way to verify whether this information is true or not, but the fact that there was a closed door session of Congress on March 13, 2008, is an established fact. Time, since then, however, is bearing witness to the validity of these issues they allegedly discussed.

This closed door session of Congress was only the fourth time in our history as a nation we had a closed-door session. After the meeting some of the representatives were so upset about what they heard that they risked their lives, families, and careers by leaking this information to alternative media, which eventually found its way to the internet. The meeting’s agenda was called under the guise of “New Surveillance Provisions,” but they also discussed these other more critical issues:

1. The imminent collapse of the US economy by September, 2008

2. The imminent collapse of the federal government finances by February, 2009

3. The possibility of Civil War as a result of the collapses

4. The advance round-ups of dissidents and insurgents into concentration camps

5. The flight of government officials into “safe facilities” (US underground cities)

6. The formation of the North American Union (NAU): the uniting of Mexico, the United States, and Canada into one union

7. The issuance of the new currency, the Amero, of the NAU, to replace the dollar

As incredible as the significance and the chronology of these issues may seem, since the closed door session of Congress, we are seeing a multitude of rather stark evidence that these events are unfolding around us. The first issue discussed was the imminent collapse of the US economy by September, 2008. Fannie Mae and Freddie Mac collapsed at the beginning of September, 2008, the 5.6 trillion dollar government mortgage giants which hold over 70% of the mortgages in this country. Collapsing within a four to six week period of time after that were Lehman Brothers, Merrill Lynch, AIG, Washington Mutual, and Wachovia. With the economy being devastated, people can’t pay their mortgages, and financial giants crumble.

The second issue on the list during the closed door session of Congress was the imminent collapse of the federal government finances by February, 2009. In other words, the government is saying the banking system will be gone by February, 2009. The US banking system has been melting down for almost a year and a half already, having black-holed over two trillion dollars of government bailout money, all to no avail. In a January 14, 2009, Financial Times article, JP Morgan Chase Chairman and CEO, Jamie Dimon admitted, “The worst of the economic situation is not yet behind us. It looks as if it will continue to deteriorate for most of 2009.” With only a handful of big banks surviving to this point, the bitter end is not too far off.

The third issue on the list was the possibility of civil war as a result of the collapses. On a February 12, 2008, news broadcast, the commentator on MSNBC stated that the largest looming threat to US security at the present time was not terrorist attacks or terrorism, but the condition of the US economy. With massive unemployment feeding on itself as the new jobless numbers grow exponentially every month, and with the meltdown of both the economy and the banks, people are confused, tense, apprehensive, and extremely angry. Angry at whom? You guessed it - - at government officials and bankers, the people who created this poverty-nightmare for the masses - - while they issue 18 billion dollar bonuses to Wall Street executives, buy 50 million dollar company jets, enjoy lavish vacation bashes in Las Vegas, and requisition million dollar office remodels.

And when those growing unemployment numbers reach critical mass, given the right iron striking the flint, that spark will ignite an instant inferno of violence and rioting. Not a pretty thought, but it’s coming. That’s when the government officials and their financial bedfellows will post haste for the underground cities while we’re left on top staring at barracks and razor wire.

The finale is just off stage. Steam-rolling out of control at the US like a 300-foot-tall tsunami, the next, and probably final, financial debacle is the commercial real estate meltdown. It is scheduled to arrive on stage next month, March, 2009. The commercial real estate meltdown, according to many financial experts, will make the residential meltdown look like a picnic and will bury anything left standing that “the locusts have not eaten.”

Just a few days ago I was talking with one of my clients from Chicago, and I told him what I had heard about the commercial real estate meltdown. He told me an interesting story. He has a good friend who is a mall developer in Chicago. His friend reported that he attended a mall developers’ meeting in Chicago the first week of February, 2009. Every developer at the meeting had the same story to tell. Their individual malls have become ghost towns - - businesses gone, tenants gone, doors shuttered. Their malls are all highly leveraged, and there is no hope of saving them. The developers will walk away from the malls, and their banks will be buried. Read more about frightening current events here.

Back from Closed Door Session of Congress to the Home Page