Proof of Coming Economic Storm
A keyword search on Google News just this minute retrieved 5,917 results, indicating an active contemporary economic discussion on the issue as it relates to our current trends away from the boom, towards the bust.
Click on the text to see source articles where the text was found.
I see storm clouds on the horizon. Economic storms are typically followed by social and political ones.
Cheers,
Tate
- "China has delivered a qualified vote of confidence in the dollar and US financial markets, ruling out the "nuclear option" of dumping its huge holdings of US government debt accumulated over the last decade." --> OUCH! The threats of China dumping US currency instruments is indeed a "nuclear option" and one that would put the US into the same class as Argentina and Weimar and Poland and Russia and Zimbabwe and all of the other hundreds of crashed currencies in history. Just the fact that they are talking about it is a threat. And the mainstream media is publishing these threats. It is economic sabre rattling of the highest order. Watch this space for developments. Better yet, plan to benefit from this certainty by holding more physical precious metals as soon as possible.
- "Market forecaster Robert Prechter says we're on the verge of the biggest market crash since the 1720 collapse of Britain's South Sea Bubble, with the Dow nosediving to below 1,000 in the next five to six years, from around 10,000 now. Prechter, regarded as a powerful market "guru" in the late 1980s, relies on an esoteric technical-analysis tool that uses past market movements to predict future ones. "If I'm right, it will be such a shock that people will be telling their grandkids many years from now, 'Don't touch stocks,'" he says." --> Yes indeed, all economic analysts of any credibility whatsoever are saying precisely the same thing these days. Yes, it is really that obvious.
- "Have you ever seen the guys playing the shell game in New York? Shuffling the three walnuts and there's supposed to be a pea under one of them? This is a shell game. Nobody is addressing the issue; there's more debt in the world than money. It's simple. It cannot be paid. It makes no difference who's on the hook for it. There's not enough money in the world to pay down the debt. Greece is bankrupt. Spain is bankrupt. Italy is bankrupt. Ireland is bankrupt. The UK is bankrupt. The U.S. is bankrupt. Japan is really bankrupt. Those are the issues we need to address-the issues for which governments are giving lip service. They're just as effective at solving this financial disaster as they are the Gulf of Mexico oil spill." --> See that, everyone is talking the same language here. Nobody of any credibility whatsoever is talking different.
- "The recession is just starting, the stock market is set up for the biggest bear market crash ever, the government is going to be shocked when foreign lenders abandon it, and the dollar could devalue suddenly and catastrophically." --> From credible analysts all over the world, the pattern of speech is always the same. The only people talking different are the dummies and the con men.
- "If the FED keeps funding the Treasury, this will produce monetary inflation. This will go to mass inflation: over 20% per annum. If it continues, this will go to hyperinflation."
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