BBC Headline: Are Global Market Bubbles Set to Blow?
June 15th, 2007Via: BBC:
There is a strange fascination in blowing a bubble, when despite your better judgement, you keep willing it to get bigger regardless of the dangers.
Then, suddenly, the violent pop that leaves you picking bubblegum off your eyebrows, or crying soapy tears.
For many observers, global markets are getting dangerously close to such a bursting point.
Research Credit: PD
Posted in Economy | Top Of Page
Dangerously close they say? What planet have they been living on lately! I wouldn’t say its “popped” but more like the balloon has been pricked and its making that “wheeeeeee” sound while deflating.
Years ago, while working with a title company, I did some research in the library and while reading over microfilmed newspaper articles about the big “bust”, you’d have thought it was no big deal. It was spooky. Just another day in the news… and now for the fashion. It took a bit of time for things to sink in, slowly, bit by bit, but then it hit home.
I am so tired of waiting and watching for the Great Global Bubble pop.
The fact is that it is almost 100% dependent upon a credit contraction, and there are only a few people around the world who can make that happen.
When it happens, like in 1929, there has to be a good reason for them to pull the tablecloth off the table.
In that case there was a blossoming of independent banks in the south that were not part of the federal reserve and flush with agricultural cash. The goal was to cripple/collapse them to get back to total fed control.
So if you think there is going to be collapse of the global economy, please give some thought to what is the motive to mess up the casino when so many with so much are making to much more.
Perhaps it is to get the few countries without a federal reserve bank, like Iran and Panama to have a federal reserve, but that would be much easier to do with a stupid military invasion of Iran.
Perhaps it would be to start another war and make some more money for the military/industrial complex, but they already have tons of money.
Perhaps it would be wipe out the 9 trillion USD debt by hyperinflating the USD, but I think they would rather use the debt as an excuse to cut social security and medicare spending.
Maybe it would be to join Canada, US and Mexico in the NAU, but that is progressing slowly but surely to plan.
Perhaps it is to cement China as the next world superpower, but wiping out US investor’s comfortable nest eggs, and increasing the value of their capital investments in Chinese business, but those are already doing fantastic.
Perhaps as an diversion from the mess in Iraq, but the TV and shopping seems to do that just fine.
So what is the motive for the global bankers to contract credit? If you have ANY idea and are correct with ANY accuracy, I can guarantee that you can be the next billionaire.
Otherwise dream on.
Yep – it all goes bang soon.
And of course that that has nothing to do with why these guys are selling up: http://news.bbc.co.uk/1/hi/world/americas/6756027.stm
Economists are stupid – most of them come from top ivy league schools and have spent years learning how to manipulate the global economy. They let this giant bubble build up for a reason – it was not an accident. Most probably the reason will be to push countries into making a currency for north America – like the Amero, and maybe the UK will be using a Euro in the not too distant future. Ultimately, the goal is one global currency which is backed by nothing, while very rich elite people may have a gold backed currency for themselves.
I meant to say that are NOT stupid. Sorry.
@ Marcus,
INCREDIBLE!
“Ultimately, the goal is one global currency which is backed by nothing,…” You mean like the $dollar is against a Federation of Banks, trapped in the recycling of ever increasing debt, disguised in them issuing credit notes/promisory notes/I promise to pay the bearer on demand just a fraction of what is owed.
I think we realise that that is not going to work … again ….. not that it ever was designed to work intelligently in the first place, even if it does put Power with the Money Lenders with Nothing but an Indebtedness to Public Ignorance/Innocence, Cynically and Profitably Abused.
@ Marcus,
That’s pretty damn cool. Wonder what they know the rest of can only infer, eh? Not to mention the moves by the Vice Dick’s portfolio. Gotta wonder about this. Guess the “Hindenburg Omen” this past week may hold a clue.
What’s really interesting is they chose to dissolve the trust and convert it into cash, which can be pretty much untraceable (I won’t mention Mena). From dollars into what, say Euros? Man, it would be cool to know what the Bush cabal is doing as well. That’s for sure.
Oh well, guess I’ll just stay loose and watch as I ain’t really got much other choice. Wish I had been able to convince my nearest and dearest just how critical this is becoming. Wish I could say it’s going to fun to watch but being homeless will probably take the edge of the excitement somewhat.
@goritsas- re homeless- I can assure you it won’t/ I’m currently homeless and will neverthelesss be lauphing my ass off and creaming my jeans in schadenfreude as the zombies and their rulers start to suffer