The Mudcat Café TM
Thread #145893   Message #3405897
Posted By: Songwronger
16-Sep-12 - 08:49 PM
Thread Name: BS: Global Financial Collapse
Subject: RE: BS: Global Financial Collapse
Here's a cheerful piece:

This Is Your Final Warning: The Worst Financial Disaster In 500 Years Is Nigh

My Debt Cancellation hero is Professor Steve Keen of Australia.

He said in a recent video

1) We have the greatest level of debt to GDP to cancel in 500 years which means we are approaching the greatest Depression in 500 years. That means the greatest levels of Austerity unemployment, wage cuts, defaults, bankruptcies and starvation in 500 years in Europe, North America and the rest of the world. Of course if we followed Dr Keen's advice on Debt Cancellation we know for a certainty: 'This need not be.'

2) The nations which have been deindustrialized (emphasis on America) will face the hardest landing when debts are cancelled and we are forced to face reality. He said he feared for the fate of those people in deindustrialized nations when the paper Bubble is pierced....

There will be an economic shock within 4 weeks. I believe its purpose will be to stampede the voters into voting for Romney as Obama has outlived his usefulness. Both men are puppets of the New World Order. This period before the elections might well be your last chance to stock up on food before the dollar crashes.

http://vidrebel.wordpress.com/2012/09/14/this-is-your-final-warning-the-worst-financial-disaster-in-500-years-is-nigh/

I think he's right about an event within a month. Could just be oil restrictions due to war, or something bigger. Obama will be blamed for losing Americans a substantial part of their wealth, and he'll be kicked out. But Romney will be infinitely worse than Obama. Romney brags about being an asset stripper. At some point we'll see a "bank holiday," and the dollar will be devalued. Your new dollar will buy half of what it used to. And then we'll see hyperinflation transfer the dollar into first-rate toilet paper. Al Gore will then show his fat face in public again and try to talk us into accepting the bullshit carbon credit system as our "new money." It'll be a "global currency" that's "good for the environment" and will "bring us together" under an "enlightened government."