Click Here To Send A Link From This Page To SomeoneDark Times Digest #12

 

New, Hard Evidence of Continuing Debt Collapse!

by Martin D. Weiss, Ph.D.   06-15-09

Martin D. Weiss, Ph.D.

While most pundits are still grasping at anecdotal “green shoots” to celebrate the beginning of a “recovery,” the hard data just released by the Federal Reserve reveals a continuing collapse of unprecedented dimensions.

It’s all in the Fed’s Flow of Funds Report for the first quarter of 2009, which I’ve posted on our website with the key numbers in a red box for all those who would like to see the evidence.

I, Karl Loren, have been researching the true causes of the current economic mess as well as the best behavior for staff in my Company, my family, my friends and my many readers == behavior that will best suit them for survival during the coming dark times.

As my Book took form I was researching various authorities who might have insights into the mysteries of the debt being piled onto our future by Obama. The BEST source I found for certain types of information was Martin D. Weiss whose material I quote, with permission on this page in brief, on the linked background page in full from his article on June 15, 2009, and in my Book in considerable detail.

This page contains some brief excerpts of this stunning article, the full text is linked here.

Here are the highlights:

Credit disaster (page 11). First and foremost, the Fed’s numbers demonstrate, beyond a shadow of a doubt, that the credit market meltdown, which struck with full force after the Lehman Brothers failure last September, actually got a lot worse in the first quarter of this year.

Karl Note: If you did not click on that "page 11" link above you missed a startling admission by the Federal Reserve System, in their official report, that showed the following:

(F.4 Credit Market Borrowing, All Sectors, by Instrument
Billions of dollars; quarterly figures are seasonally adjusted annual rates)

Title 2003 2004 2005 2006 2007 2008 2008 2008 2008 2008 2009
            Total Q1 Q2 Q3 Q4 Q1
Totai 2786.8 3121.0 3544.8 4037.0 4450.1 2616.9 2869.0 2072.8 3335.8 2190.1 -255.3
1 Open market paper -82.0 106.2 245.1 317.1 -169.4 -189.0 23.4 -267.1 -593.7 81.5 -662.5
2 Treasury securities 398.4 362.5 307.3 183.7 237.5 1239.0 411.4 310.1 2080.2 2154.2 1442.8
4 Agency- and GSE-backed securities 579.1 122.3 82.8 330.6 908.3 771.7 650.8 1323.8 706.0 406.4 34.4
5 Municipal securities 137.6 130.5 195.0 177.4 215.6 63.2 94.7 57.4 96.6 4.2 128.7
6 Corporate and foreign bonds 667.1 828.8 859.1 1250.0 1172.6 -165.0 296.2 295.1 -681.4 -569.8 257.1
7 Bank loans n.e.c -57.4 75.1 167.8 126.8 337.0 693.7 472.4 86.7 1376.0 839.7 -856.4
8 Other loans and advances 39.3 128.6 155.8 156.4 545.0 95.1 305.4 46.5 468.0 -439.6 -468.0
9 Mortgages 1000.2 1252.0 1437.5 1390.5 1069.8 64.1 493.8 119.3 -151.2 -205.3 -40.7
10 Consumer credit 104.4 115.0 94.5 104.4 133.6 44.0 120.8 101.0 35.4 -81.0 -90.7

This directly contradicts Washington’s thesis that the government’s TARP program and the Fed’s massive rescue efforts began to have an impact early in the year.

In reality, the credit market shutdown actually gained tremendous momentum in the first quarter. And although it’s natural to expect some temporary stabilization from the government’s massive interventions, the first quarter was SO bad, it’s impossible for me to imagine any scenario in which the crisis could be declared “over.”

Karl Note: Within a couple days of publishing this page the Wall Street Journal carried a front page article about how banks were all tied up in Obama Red Tape, and were not able to make badly needed loans to bail out threatened home owners with bad mortgages, Also on this same WSJ date I've included an article about a man managing NEW billions of investor dollars in expectation of a massive inflation.

See Background page for this Wall Street Journal article.

Click Here to read the remainder of Dr. Weiss' Article and click, below, to get a free copy of Part One of Karl Loren's Book, The Coming Dark Times Turmoil.

The excerpt above, the full article at the link, the hundreds of pages of my other newsletters and my Book??? If they don't convince you that we are in dire straits NOW AND THAT IT IS GETTING WORSE?? I feel sorry for you.

There is information I have, much of it in the parts of my Book not yet made available to the public that suggest an extremely optimistic outcome IF you understand the situation as I explain it and IF you study carefully the advice I give for how you, as an individual and your company, can weather the coming dark times and emerge more prosperous and happy than ever. Yes.

To subscribe to The Dark Times Digest PREMIUM Edition, Please CLICK HERE, THEN fill in the form below completely and click "Subscribe" You will then be able to send personal messages to Karl Loren and expect to get a personal response as a Premium Subscriber. Don't worry if you are not sure whether or not you have already signed up -- if you enter your data and you are already signed up, you'll get a message confirming your existing subscription.

My Book includes an entire earlier Weiss Report -- more than 40 pages -- the "Background" has excerpts of some of the most central information..

Click Here to read about Karl and Jean in their retirement, taking up this new mission to speak the truth about the much bigger problem facing us than what is broadly publicized.

The full story including some of the above quotes, is in my Book, "The Coming Dark Times Turmoil," some 600+ pages with Part One, 113 pages, now published and available at no cost by clicking here.

This Book is published in PDF format. You can open, read, download, copy it with Acrobat Reader #7 or higher. It cannot be printed or altered, however.

The Book is digitally signed by me, Author, Karl Loren. My digital certificate in the document assures you that it has not been altered in any way since I placed that digital certificate into the document.

If you do not already have the free download of Acrobat, you can get it free by clicking here, or for more information click below on Background.

Click Here for more: BACKGROUND

Including news about Karl Loren's attendance at his 50th Reunion of his MBA Graduating Class of 1959 at the Harvard School of Business on May 28, 2009.