Quote from jonnysharp:
1 in 2 americans will be paying their mortgage to the government
the federal reserve will become ''the'' bank for everyone
dow will go below 4000
500 trillion in derivatives will blow up causing depression
chinese and arabs will be new world superpower
us government will go bankrupt, 11 billion a month on war, 50 billion a month on trying to save economy, chinese, japanese, arabs will stop funding american lifestyle
just as history shows after recessions/depressions war will start. WW3 is a given. russia, china, iran, north korea, pakistan, afghanistan vs the alliance.
you can't fix a system broken from too much debt with more debt, it just won't work, look at history all empires come crashing down from too much debt, war and social unrest.
the western finance model of debt, overleverage, packaging, securitising, chopping into pieces and flogging it off to foreign investors is broken.
this massive shift in social/power/economic landscape changes is confirmed and underway.
free market capitalism was a false promise, we live in a state/nationalist/socialism for the rich/military-industrial complex/oil company rule society.
87 was a blip, one day of fear and the 30's are beginning to look like a walk in the park compared to now, we don't have a valuation problem like previous market crashes, we have a fundamental terminal virus in the underlying structure of our debt-based society.
we have been binging on greed for too long, now we have to pay.
its the beginning of the end.
i hope im wrong, i really do. hopefully by posting my extreme thoughts murphy's law will come into effect and prove me wrong, that things are never the way we think.
its scary how many people are calling for a bottom.
