I might have missed it, but I don’t think anyone has noticed this simple truism:
The structural causes that led to the Global Financial Crisis of 2008 are identical to the structural causes that are leading us to another systemic financial crisis in 2011.
The only difference is the kind of debt at the core of the looming crisis: Mortgage-backed securities in 2008, as opposed to European sovereign debt in 2011.
And of course, the debt hole in 2011 is bigger than in 2008—a lot bigger.
That’s why I am confident in predicting we are about to have another Global Financial Crisis—I’m calling it The Sequel: Same movie, same players, same story. Only this time around—like all good sequels—the financial crisis we are about to experience is going to be bigger, longer, and uncut by bailouts.
By the way, that is the key difference between 2008 and 2011: We’re not going to have a Hollywood Ending this time around. The governments of Europe and the United States, as well as their respective central banks, do not have any weapons to fight off this 2011 financial crisis, as they did in 2008, for the simple reason that they used them all up—they’re out of bullets, both monetarily and politically.
So when The Sequel hits the big screen, there won’t be a Big Daddy Government deus ex machina to come save the day in the third act twist. When The Sequel hits, we’re on our own.
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3 comments:
I believe all of this, I might add some things to it :
1. The Dow won't exist
2. The Stockmarket won't exist
3. riots will prevail
4. Civil war
5. money will be worthless
If I scared you , then I've done my job.Be prepared people. 1 year worth of food products. I've been ready! Thanks for the trip to hell Obama , you did it in a very short time.
If you think Barry Soetoro "DID THIS" then you are very naive.
He works for the same people Dubya' worked for: The Rothschild Family Interests.
It is the people behind the scenes who control our government. Barry is a puppet who reads from a teleprompter.
Learn the truth
Whoever is behind it, well, I wish THEM luck. It won't matter how high the gates in their community are, or how many security guards are watching their mansions, or how thick the walls are in their buildings or penthouses, they will be in serious trouble. They will be some of the first targets of the people's wrath, which is building to a cresendo. Keep stocking up.
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