Posted on 02/14/2016 8:05:54 AM PST by TigerClaws
The world is facing a new crisis caused by an explosion in debt. So warns William White, the central banker who famously predicted the crisis of 2008. As financial markets reeled last week and fears of a fresh recession or even banking crisis sparked panic, White was more than willing to issue yet another prophecy of doom. The world is now facing a crunch that could see a collapse in property prices, including those in London; a new global banking crisis; waves of cheap commodities savaging Western industrial centres; and the need for debts to be written off on a grand scale.
Read more: http://www.thisismoney.co.uk/money/news/article-3445861/Look-heading-crash-warns-William-White-central-banker-predicted-2008-crisis.html#ixzz409vSpu7q Follow us: @MailOnline on Twitter | DailyMail on Facebook
(Excerpt) Read more at thisismoney.co.uk ...
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Gee, who could have seen this coming?
And the government’s fix for this will be to double down, confiscate more of our earnings and further restrict our liberties.
Hard choices ahead folks.
And the government’s fix for this will be to double down, confiscate more of our earnings and.......... redistribute money to their banker friends and supporters and let our children and grandchildren pay for it.
Yep, but I fixed the last part for you. FRegards.
ping
It needs to happen in October. 6-9 months later I’ll put my $$$ in to the S&P 500.
Why are property prices going to fall?
Don’t buy and hold. Get some rudimentary knowledge on reading the charts. Cross your fingers (lol)
The S&P 500 made me +1.95% on my investments last Friday.
Purchase that day based on a predictable double bottom (S&P 1815) + resistance at EMA 200 (weekly)
The impetus from those gains stand a good chance rebound to world markets Monday / Tuesday. (Next) Could be resistance at 20 day EMA so indications of weakness there could be a sell signal but if we get strong upward action (like last Oct rally) could be clear sailing to S&P 2055 or so.
Watch for continuation of “rounded top” as (bear market) danger sign. If S&P gets a new Higher-high established we could get more run out of the Bull.
Good Luck!
Well, there goes a larger part of the debt regime, out with more inevitable investment evaporations, spending cuts, a greater, longer wave of foreclosures, heart attacks, dementia, a few clucks and a squawk.
Little side note: many have said that if the economic situation goes south, they’ll move to the Great White North (the 51st State).
Pensions are perceived by many as being more secure there, BTW.
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