And from Bloomberg…another day, another bailout

Latest Economic Astrology News Here

Dear Friend and Reader:

While I’m preparing some astrology associated with the latest economic events, I wanted to at least post the basic news of what is developing. The stories below are from Bloomberg. I’ll be back in about half an hour with some clues from the astrological signature. There was a very significant signpost on May 5, one that directly resonated with the warning we had on June 21, 2001 that something was coming a little later in that year.

Eric Francis
AIG headquarters, the world’s largest insurance company that was purchased by the United States government.

I’ve also been working through some of my contacts on Wall Street and in the financial sector and I can tell you this: they all feel we are in uncharted waters.

Consider below that in the land of “competition” and “free enterprise,” the federal government has purchased the world’s largest insurance company, American International Group. Just meditate on that for a moment…if you read The New York Times today you’ll see that they did this to prevent the potential collapse of the global economy, since so many other companies are invested in AIG. This is not just an American problem. “The system” is everywhere.

— Eric Francis

AIG Gets $85 Billion Fed Loan, Cedes Control to Avoid Collapse

By Hugh Son, Erik Holm and Craig Torres

Sept. 17 (Bloomberg) — American International Group Inc. averted the worst financial collapse in history by accepting an $85 billion federal loan and giving the government a majority stake.

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