2008 | A Repeat

From cnbc.com

Three years ago, crude oil was trading nearly identical to what it it's trading at today. Back in the spring of 2008, Bear Stearns collapsed. Not many people knew the significance of that event.

In September of 2008, with crude prices hovering near $150 a barrel, Lehman Brothers collapsed. During the ensuing market crash, the U.S. experienced an electronic run on the banks that was on track to bring the banking system to its knees:

"On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.

If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it."(Zero Hedge)
For the last two and a half years, the Federal Accounting Standards Board (FASB), FDIC, Congress, the President, big banks and Federal Reserve have been breaking the law and changing the rules in order to cover up the true cause of the depression we now find ourselves in.

We are very likely headed for another large crash. This time though, the bazooka in Hank Paulson's pocket has already gone off. Stagflation is raging, with the prices of everything needed to survive heading through the roof. Food, gasoline and clothing are all headed higher while the things people own---real-estate and other assets--are headed though the floor.

How long can they keep this charade up? I don't know, but time is definitely running out.