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financial disaster will lead to civil disorder in 2009 or 2010, says secret citibank memo
from natural news: An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. "The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock," wrote Tom Fitzpatrick, Citibank's chief technical strategist. He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into "depression, civil disorder and possibly wars." Either outcome, he says, will cause the price of gold to skyrocket. Gold will push to well over $2,000 per ounce, he explains. The timing on all this? Sometime in either 2009 or 2010, said the analyst.
US collapse updates from daily dose of terror: russian analyst predicts decline & breakup of US, citigroup collapses! banking shutdown possible & financial meltdown: you ain't seen nothing yet
georgia's i-85 carpool lanes converted to toll roads
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US rescues citi with $20b capital & guarantees
from guardian: The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets and inject $20 billion of new capital, in its biggest rescue of a bank yet.
Citigroup's rescue marks the latest government effort to contain a widening financial meltdown that has caused the disappearance or bankruptcies of companies including Bear Stearns Cos, Lehman Brothers Holdings Inc and Washington Mutual Inc.
US bankrupt updates from daily dose of terror: fed pledges top $7.4t to ease frozen credit, fed & treasury offer half our gdp to wall st & financial newsletter predicts US to default on national debt
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