.
Only The Date
Is Unknown
Monty Pelerin’s World
August 19th, 2015
The Greek bailout is the most recent example of “kick the can down the road” solutions.
The US housing bubble was an attempt to cover up/recover from the dot-com bust. Now the US is in a financial bubble engineered to recover from the housing bubble debacle. Soon this bubble will burst. Only the date is unknown.
Two predictions can be made with reasonable confidence:
The stock market is likely to be halved and that might be optimistic. Only the date is unknown. The economy will eventually resemble the Great Depression. Only the date is unknown. Nothing is ever certain. An experienced CFO told me at the beginning of my career that “even the impossible has a 20% probability.”
In deference to him and years of empirical evidence, I put the the above two events as virtually certain, i.e., an 80% probability.
The Current Problem
Phoenix Capital provided reasons to expect horrible outcomes:
The REAL problem for the financial system is the bond bubble. In 2008 when the crisis hit it was $80 trillion. It has since grown to over $100 trillion. The derivatives market that uses this bond bubble as collateral is over $555 trillion in size. ~~~~ That’s the (Repeated) article on the fake Infowars subnet site as is, an article that leaves out the fact that the so called bond bubble was built under Reagan with looted Nazi gold which the secretly Zionist Masons in the US Fed used to create the 30 year bubble, and also leaves out the fact that the 2008 wobble was when news of Fort Knox being empty leaked out, while merely implying by default that the $18+ Trillion deficit might just be what they borrow from World Zionism to pay the interest on the debt World Zionism gave them 😦
This article was posted: Wednesday, August 19, 2015 at 6:06 am
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