September 24 2012
Two days of constant rain is leaving us worried we'll not get the harvest started. We've measured 5 inches of rain and the ground is starting to become saturated. We are watching the creeks and lakes/ponds for possibilities of flooding. One such lake is damned to prevent flooding of a downstream housing area. If that damn overflows or gives way, it would be a disaster. The families have relocated to other houses and have removed their possessions. Much more precipitation and we'll have to wait a month to harvest which by then the crops could be ruined by mold and mildew. Our cistern systems are well stocked now. lol
I'd like to discuss how the economic collapse spawned from the perspective of a non-financial person. I hadn't dealt with Wall Street nor do I consider myself an expert. But when this all started to unravel, I was compelled to investigate. Yes, we all know that the earthquakes and subsequent economy collapses played a crucial role. What most don't know or recall is that the US Economy was already heading for failure. Mother Nature's interference was just a catalyst to expedite the outcome.
For years and even decades in some cases, trillions in fraudulent activity, trillions in bailouts, billions in political bribing and billions in bonuses, the members on Wall Street were beginning fight amongst themselves. The beginning of the end, as lawsuit after lawsuit were filed and the consumer propaganda became ugly and intense. The financial crisis became more than finger pointing and escalated into a corporate espionage that was deadly. The government allied Eddie and Annie Financial Groups sent the first salvo. They took 20 of the top lenders to court. They asserted that these banking institutions committed acts of fraud, securities violations and misrepresentations of lending practices. The pot calling the kettle black...
It didn't take long before the States started filing their own lawsuits and the FDIC became involved. Also the SEC took a backseat waiting for this all to filter out so they could file suits of their own. These lawsuits alone brought the market to a standstill and shutdown trading on Financial Lending to a halt. The government stepped in and froze all market share pricing on those traded institutions named to ensure the shareholders financial claim. However, this intervention didn't happen fast enough and most on the financial sector took a 50% loss in stocks. Commodities such as Gold and Silver tripled in price overnight.
The 50 state Attorney Generals Oversight Group also declined to release any financial institution from all civil or liability in lawsuits. The financial sector saw a massive explosion in layoffs and termination of employees. While some were determined to ride out this storm of legalities, over half decided to shut its doors until further notice. About a month later, the lawsuits went International and the same sweeping legalities and layoffs commenced in other countries.
As the financial legalities spiraled out of control, the finger pointing turned deadly. Corporate assassinations were becoming common and while most of us cheered or sneered at the news, after a few dozen it became apparent this wasn't all fun and games anymore. I guess one could call it a form of Corporate Terrorism.
So thats my general perspective of how our economic collapse started. I don't remember allot of company names now nor the major players. But to whom ever reads this later, it gives an insight that probably won't be detailed in future history books.