Soper grandmother, who lives with family. Farm Security Administration borrower. Willow Creek area. Malheur County, Oregon
Ilargi: We’re taking a bit of a break today. The lull before the storm, that sort of idea. It gives the rest of the world a chance to catch up with us, and with what we've been proclaiming for so long. Sometimes we tend to forget it's all still new and unexpected for most people.
The time has come for the cheerleaders to get off the field.
The game is on. And it's over before the opening whistle.
But you must play.
American ‘Meltdown’ Reason for Capital Raising - Fortis
Fortis expects a complete collapse of the US financial markets within a few weeks.
That explains, according to Fortis, the series of actions by the bank of last Thursday to raise €8 billion.
“We have been saved just in time. The situation in the US is much worse than we had thought”, says Fortis chairman Maurice Lippens.
Fortis expects bankruptcies for 6000 capital-starved American banks.
But also with Citigroup, General Motors, a complete meltdown in the US is beginning.”