Posted on 03/25/2013 9:49:52 AM PDT by Signalman
A quadrillion dollars is about what I have calculated based on what I have read for the CDS total. Who’s gonna pay that when the market sinks?
That’s what I have seen coming for some time now. No country will be spared from the global economic collapse.
Most people will be looking for a saviour to get them out of this bind. Conveniently in will step the one world Leftist dictator. And maybe even the Messiah of Israel so many desire.
The next four or five years are going to be one heck of a ride!
When that global dictator takes control he isn’t going to be very nice about it.
Bernanke will be happy to write a check for it.
Chris Martenson apparently has a Ph.D. in neurotoxicology. He may have been trained as a scientist many years ago, but he not currently a practicing scientist or an economist. Indeed, predicting financial markets is about as much of a science as global warming, where there are simply too many variables to objectively and accurately predict and replicate the real world.
Although am not a scientist, I can predict with near certainty that the markets will go up 60% after having gone down 60%, and after going up, they will eventually go down. I can also predict with near certainty that Paul Martenson is in the business of selling doom and gloom and because of the secular and cyclical nature of the markets, his predictions will always be accurate -- eventually.
I don’t know if the FASB has another rabbit they can pull out their hat. IIRC, that’s what prevented the biggest banks from going under. If they had to mark those to market, it would be game over.
At some point the masses may pick up on the fact that those banks have far greater problems than commonly known.
I want to read about these things, but why oh why would such a “knowledgable” person risk his “reputation” by making such a risky prediction? It makes absolutely no sense, unless, they intend to benefit monetarily. Other than that, they are on the way out.
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