Quote:
Originally Posted by mike3fan
ok I have seen you post this a couple times now.
I freely admit I'm not too smart,but could you explain why we are in a "very great depression"?
Any real facts to back this up? from multiple sources? other than blogs or conspirator websites.
What constitutes a "very great depressiopn"?
|
I know a lot of stuff, but, I'm like you. I'm not real smart, either.
I have to do like everybody else, and filter everything through experience and learning.
How long can you function, with a negative net worth, and shrinking income?
Is this not our gov't, today?
Is the gov't immune from the principles of money?
Who knew that the USSR would collapse, 2 years before it happened? 1 year? 6 months?
I did not coin the phrase "Very Great Depression".
Some people a whole lot smarter than me, did that.
I just happened to stumble across the link, and spent some time there.
The natural inclination is to post a link to the source.
I usually do, so that anybody that is interested, can make up there own mind.
I decided, at the last minute, to avoid posting the source, this time. I may change my mind later - we will see.
The think tank seems to be off shore, with a subscriber base of around 87,000. Their profile looks like well connected leaders from business and gov't. About 27,000 are from the USA.
This is commentary & analysis of think tank - 03-20-2008.
This fellow went back several years, and compared the think tank projections with what actually occurred.
There was one other engaged as commentator, but he was near the end, and mostly complementing the analyzer.
Quote:
In summery, think tank seems to be rather on target in their predictions.
This group of surprising historical accuracy, is predicting a systematic meltdown in Sept/Oct.
This is not a radical group in their thinking, others have arrived to the same conclusions.
|
Here is another excerpt:
Quote:
- Public announcement think tank (November 17, 2008) -
The G20-meeting held in Washington on November 14/15, 2008, is in its essence a historical indicator that the Western - above all Anglo-Saxon - monopoly on global economic and financial governance, is coming to an end.
Nevertheless, according to think tank, this meeting also clearly demonstrated that this kind of summit is doomed to inefficiency because they concentrate on curing the symptoms (banks’ and hedge funds’ financial difficulties, derivative markets’ explosion, financial and currency markets’ dramatic volatility, ...) rather than the fundamental root of the current crisis, i.e. the collapse of the Bretton Woods system based on the US Dollar as sole pillar of the global monetary system.
Without a complete overhaul of the system inherited from 1944, by summer 2009, the failing of the current system and that of the United States at the center, will lead the whole planet to an unprecedented economic, social, political and strategic instability, and more specifically to a breakdown of the global monetary system.
|
The driver (USA) got his brakes & transmission all locked up.
Too bad that the road is all iced up....