We Have Until July at Latest

blunomore said:
But if they know - or can predict - all of that now, why do they not try to turn the proverbial ship around? Instead of saying "the end is nigh", try to do something about it.
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Snowball effect? Also if some are still making Gagillions of dollars a day why would they stop when they can still go for a year or two? Then there is also the thing that no two economists will agree 100%.... Now try getting everyone around the world to agree.

daveza said:
As long as the fat cats get shafted as well this time.
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Nha they won't. It is like the one news paper saying that the one CEO lost +- 85% of his wealth when implosion of the markets 2 or 3 years ago.... but he still had $11.8 million left iirc.
So no they will have to sell the Veyron and buy a porche maybe but it will not really hurt them.

agentrfr said:
Buy gold. Simple as that. Works for me :]
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Not such a bad idea if you believe the doom and gloom.
 
Roger.Wilco said:
This is getting like those prophets predicting the end of the world. The same with people running from SA since 94, because something terrible was going to happen. Still waiting...

;)
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lol +1, same with all these alien disclosure that is suppose to happen this month/last month/last year/2012, they are all saying the same thing, "Soon, it's almost here, soon..."

I am not even waiting anymore: "While everyone is staring, I guess I will take the elevator."
 
Say my name dammit.... well thats is all that I got from that vid :)
 
Here is my crackpot theory :

The current global financial model seems to be based on the idea that there is infinite potential for growth but in reality this is not the case so we see huge corrections like this every 20 or so years. It's the natural cycle of events.
 
Actually about every 30-40 years, In the USA at least.

1944 - Bretton Woods
1971 - End of Gold Standard in USA
now - major change in economic model
 
I believe you find that the natural state of things means you should have small booms and busts (people make mistakes) but not the big ones we've seen. In order to get those you need the masses to all make similar mistakes and that normally takes a central authority to manipulate people into making the same mistake.
 
Dixie said:
Michael Rupert talks about the expected stock crash due to the supply chain demand being stretched to the limit. Large companies across the world are running into difficulties. Toyota has shut down all their North American plants, including Canada and Mexico and now they are also shutting their UK production plants.

So, based on the Quarterly Earning Reports of various companies (the thing that drives the stock-markets) it will have devastating effect on the worlds global GDP.
It will send the markets into a panic because they are completely over-leveraged as everything is banked on GDP growth.

All the bail-outs to the different countries, were issued on the assumption of GDP growth. If there is a global negative growth, the markets will implode as they have nowhere to run.

Combine that with rising oil prices, and we have it the jackpot...
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:erm: This guy has absolutely no fckin clue. Sad thing is he might just have called the "markets will implode" part right...but for all the wrong reasons. Unlikely though imo.
 
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