imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

A cataclysmic financial storm is about to bring down U.S. economy

by Michael Webster Investigative Reporter Wednesday, Aug. 20, 2008 at 10:57 AM 949 494-7121

"This phenomenon is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited."

A cataclysmic financial storm is about to bring down U.S. economy

by Michael Webster: Investigative Reporter Aug 19, 2008 at 12:01 PM PDT

A cataclysmic financial storm is threatening to bring down the United States economy as inflated oil prices meet the largest mortgage crisis in American history. For American citizens high oil prices alone have eroded disposable income through record gasoline, diesel and heating oil prices, increased food prices, skyrocketing other utilities as well as housing deflation that has helped create record home foreclosures.

According to Bill Wilson, KIN Senior Analyst said "This phenomenon is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited."

Sovereign wealth funds have made headlines over the last couple of years as the sinking American green back dollar and surging crude prices have enabled foreigners to snatch up symbolic American assets at depressed U.S. prices.

The Kuwaitis just recently saved financial giant Citigroup. Abu Dhabi bought the American landmark Chrysler building.

The Washington Post has revealed that an unidentified sovereign wealth fund is shopping for thousands of foreclosed homes.

So just who are these sovereign wealth funds? How rich are they? The Council on Foreign Relations offers the following known list. But here's the bottom line: In aggregate, the top ten funds have .6 trillion to invest.


1. The United Arab Emirates -- 5 billion. Over ,000,000 per UAE citizen.

2. Singapore* -- 0 billion, 5,000 per citizen.

3. Norway -- 1 billion, ,000 per citizen.

4. Saudi Arabia -- 0 billion, ,869 per citizen.

5. Kuwait -- 0 billion, ,000 per citizen.

6. China -- 0 billion, 0 per citizen.

7. Libya -- billion, ,000 per citizen.

8. Algeria -- billion, ,200 per citizen.

9. Qatar -- billion, ,599 per citizen.

10. U.S. (Alaska) -- billion, ,000 per citizen.

*The two Singapore funds are combined with the Alaska fund.

Already as Islamic colonization of the US continue to escalate as cash rich Arab sovereign wealth funds begin buying up American real estate. For example, the Financial Times reported on August 6 that the CEO of the 5 billion Abu Dhabi sovereign wealth fund sees the situation in America as a "defining moment" for investment in US real estate. The New York Post reports that another Arab sovereign wealth fund, armed with some billion, has hired consultants and brokers to search out single and multi-family homes and homes that are already under foreclosure.

The Abu Dhabi sovereign wealth fund, which until this writing remained anonymous has already launched its strategy to buy up America.

Not only is the purchase of American real estate by Islamists a threat to national security, but also the possible imposition of Islamic Sharia law on those Americans who would rent, lease, or use the services of Islamic owned real estate or credit.

In March, the U.S. Treasury Department scrambled to secure agreements with Islamic nations over their bid to take huge ownership positions in America's largest financial

institutions. The agreements sought to allay concerns over Islamic nations using their financial muscle to impose Sharia law over U.S.-owned businesses and properties.

According to:, Islam is taking root in America, and we are about to willingly sell our inheritance, to overseas investors, our cheap real estate, cheap dollars, cheap companies and cheap merchandise are great bargains for the picking, and these investors are not wasting any time gobbling up these assets. Their families are now shopping on the Rodeo Drive's of our country while we all shop at K-Mart and Target when we can afford it.

While it is true that we need foreign investors to keep the U.S. economy going and help to keep it healthy. But when American iconic companies, including our biggest financial institutions along with our U.S. citizen's valuable real estate start changing hands outside of our own borders its time for us to rally and take a deep breath and insist our government step in and stop this financial hemorrhaging of America.

Where will this all lead us? No one knows for sure but it can't be good. But according to many of our politicians we don’t have much choice here — as Senator Charles E. Schumer (Democrat of New York) has expressed about major Wall Street banks that have been offering up their shares for sale: “Given the situation that these institutions find themselves in and the fact that there’s a pretty strong credit squeeze, there are only two choices: Have foreign companies invest in these firms or have massive layoffs.”

Welcome to the demise of America!

Michael Webster is a world-renowned expert on global economics, financing, emergency management, preparedness and illicit drugs and terrorism.

For more of his writings go to

Additional Reading:

America’s Bubble Economy: Profit When It Pops

Crash Proof: How to Profit From the Coming Economic Collapse

Dear Foreign Investors, We’re On Sale

Report this post as:

Listed below are the 10 latest comments of 2 posted about this article.
These comments are anonymously submitted by the website visitors.
yuk spooks & lice Wednesday, Aug. 20, 2008 at 12:47 PM
SURE he is spooks & lice Thursday, Aug. 21, 2008 at 4:56 AM

Local News


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

Mesa, Arizona police officer kills unarmed white man A08 9:50PM

Israeli leaders should be prosecuted for war crimes A08 9:48PM

Paraphysique de l'autorité A08 12:11AM

Two Podcasts on fbi corruption A06 10:13PM

Fbi assassins assault & try to kill DAVID ATKINS A06 7:29PM

EPA Head Scott Pruitt: Of Cages And Sirens A06 2:15PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy