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Pulling The Foundation Stones Out Of The Global Financial System
www.martinarmstrong.org ^ | August 11, 2011 | Martin A. Armstrong

Posted on 08/11/2011 5:08:31 PM PDT by Razzz42

CONSPIRACY THEORIES are one thing I have never been a supporter of since most are often DISINFORMATION that allows the real schemes to go on unnoticed. They also tend to assign to people knowledge of an omnipotent nature. The Mortgage Crisis was a nightmare, but those that were responsible only look at the immediate rewards. They do not look at the COLLATERAL DAMAGE nor do they have a clue about international global ramifications. It is far more dangerous when you realize there are a lot of people who only look at the immediate objective. They had no idea that rigging the mortgage market would bring down the whole system. Even Goldman Sachs needed to be bailed out and borrowed $5 billion from Buffett. These people see only the money in front of them, not the collateral damage tomorrow. Now we have the VERY SAME mistake once again. The S&P Downgrade was about as stupid as if it were carried out by trained chimp. I believe the S&P Downgrade was a market manipulation no different than when they rated mortgages AAA. They only saw the immediate profit from quick trade. I believe they were too stupid once again to realize they were pulling another foundation stone out of the pyramid we call the Global Financial System. I believe it was irresponsible, dangerous, and has set in motion a meltdown of global confidence that is driving volatility much higher for the second half of the year. CONFIDENCE is collapsing worldwide. So thank you S&P. What you have set in motion cannot now be put back in the bottle. You have now caused people to assume France will lose its AAA and European banks hold the sovereign debt of troubled European nations. So the whole world is coming unglued. Great job!

(Excerpt) Read more at 10sigma.com ...


TOPICS: Business/Economy; Government
KEYWORDS: banking; financial
Armstrong's writing ends as follows...

"CONCLUSION: I will publish by the weekend the targets for the turning points and Panic Cycles that lie ahead. I wanted to get this out ASAP before more of the world goes nuts and my phone goes into meltdown. The crisis is really in Europe. The banks hold various bonds of member states and there lies the problem. THE DEBT MUST BE CONSOLIATED INTO ONE NATIONAL DEBT ASAP ! I know the European readers will be sending this to every politician on the continent. The Social Unrest in London is taking place because unemployment among the youth in places stands at 50%. This will spread worldwide because socialism is collapsing and it is creating a generational war. Such events are starting in the USA even in Philadelphia with roaming groups of youths. IT IS TIME TO WAKE UP! THE ENTIRE STRUCTURE MUST BE REFORMED FROM THE GROUND UP!"

Other than that, for graphs and pics and to read the complete writing you need to click on the red lettered link.

1 posted on 08/11/2011 5:08:36 PM PDT by Razzz42
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