And he causesth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell…

When an individual is deleveraged, it means they can no longer buy or sell using credit/debit cards, or even checks, as their accounts have been frozen.

January 24, 2012, the International Monetary Fund released some reports concerning economic recovery.  It’s not good, in fact for the average person it ain’t gonna happen.

“The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated.”

They not only blame it on the economic/financial disaster slowly unfolding in Europe, but the IMF blames U.S. business and government leaders as well.

“…risk arises from insufficient progress in developing medium-term fiscal consolidation [this is another way of saying ‘downsizing’ spending, or, more business closings and layoffs are needed, ie Mitt Romney style of capitalism] plans in the United States…”

“…as long as public debt levels are projected to rise over the medium term, and in the absence of well-defined and credible fiscal consolidation strategies, there is the possibility of turmoil in global bond and currency markets. A more immediate risk is that an accident-prone [a nice way to say our leaders are incompetent] political economy will lead to excessive fiscal tightening in the near term in the United States.”

If U.S. warmongering over Iran actually stops the oil flow then it’s guaranteed things will get worse: “The oil market impact of intensified concerns about an Iran-related oil supply shock (or an actual disruption) would be large…”

The IMF is pushing “deleveraging”, or the reduction of debt, held by governments, companies, banks and “households”, as a major part of stabilizing the world economy.

Deleveraging has already hit U.S. households in the form of the mortgage fiasco, as well as credit card companies (too big to fail banks) arbitrarily canceling credit for individuals and small businesses.

Remember, those too big to fail banks got bailed out when they were faced with “deleveraging”, but do we get bailed out when they forcefully deleverage us?  Hell no!

The IMF says deleveraging of households (meaning most of you. I’ve already been arbitrarily deleveraged having never missed a payment, never been late with a payment, and actually paid more than the minimum due. That is until I was deleveraged) will continue until the economy improves.

“In many advanced [includes United States] economies, notably those with external deficits, the deleveraging of households is set to continue for some time.“