Skip to comments.Rickards: Brace For Financial Storm 6x Larger Than 2008
Posted on 01/21/2015 12:09:48 PM PST by alexmark1917
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But Obama said we are back from the brink and the economy was doing great.
I guess “if you like your good economy you can keep....”
N-CDS (NON-Collateral Debt Securities)
More fraud paper makers
Securities=Backstopped by Extortion-Care
“The Crisis is Over.”
“We hold the Extortion-Care theft bag, which can be leveraged at will against you little people, for all our banks-and insurance companies (which are really N-CDS investment houses), all your government retirements belong to us.”
AIG still seems to be flying. They shoulda been allowed to auger in.....
No derivatives are based on those bonds?
I do as well. I decided to put my ultimate trust in God, and do my utmost to be the best father, husband, and friend I could be. The rest, I leave up to him.
"For he will hide me in his shelter in the day of trouble; he will conceal me under the cover of his tent; he will lift me high upon a rock." Psalm 27:5
There are those who spend a great percentage of their time preparing to survive every type of calamity: natural disasters, fiscal collapse, etc. Don't get me wrong, we should be prepared and be responsible. But without God, we will fail in that (or any) endeavor.
Myself, I see the storm clouds gathering as evidence that we may be approaching the last days. My blessed hope is in Jesus Christ.
I do, however, believe that a fiscal collapse is coming. The stock market is a fictitious, QE pumped, overinflated nightmare. Our debt and unfunded liabilities are a ticking bomb. We have been living on borrowed time for decades. The piper has to be paid at some point.
One heluva assumption to "bet" Trillions on.
“But Obama says the crisis is over.”
It is, because he said it is. Now, when the really bad stuff happens it’s not his fault.
Unfortunately for them (and us) you can't print your way out of hyperinflation.
"Theres also the student loan bubble and even a subprime auto bubble among others point being, is this is ALL the FED knows how to do..."
We need a global "savior" to give us solutions.
If Obama says the crisis is over, it means that it is just beginning. When he says our world is more at peace then ever before, it means World War is about to break open. When he says the planet is warming, it means the planet is cooling. When he says Islam is a religion of peace, it means Islam is a religion of war. You can almost set your clock by asking him what time it is and subtracting 12 hours from what he says.
“we have another housing/subprime bubble that will be popped”
but house prices have not risen all that much. Where I am, prices rise exorbitantly, then dropped like a rock. But now, they are just a tad above where they were in 2003. I wouldn’t call that a bubble by any means.
A flaw in the analysis is that it equate default rates to losses. A default may ultimately result in a 15% loss on the principal amount. By the author’s own calculations, that would make the forthcoming unpleasantness equal in severity to 2008, not six times as bad.
yw. i’m in finance so i lived it. wasn’t fun.
Have the government let it happen and not do anything to help!!!
in the depression of 1920 the government stayed completely out of it and it was over in just over a year.
In 1929 government stuck their nose into it and extended it 12 years!!!
Get the hell out of the way and let the economy self correct, those that lose everything are the ones that cause it and deserve to lose everything.
dotcom bubble, housing bubble, stock bubble, social bubble... a circle of life?
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