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Something isn't right in the markets - a storm is brewing

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posted on Oct, 17 2019 @ 06:56 PM
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This is a quite spectacular thread.


A handful of posts are on point but some are from another planet.


Bottom line: the world's economies are not far off where they were in 2005/6. Despite the tabloid headlines about how wonderful the economy is, interest rates remain painfully low - the sign of a weak economy. Low interest rates mean everyone, from government to business to individual households is racking up massive debts again. Deregulation using the free market as an excuse has made the debt mountain shaky, although not as unbalanced as back then. A shift in capital over the last forty or so years means the most exposed are the middle classes.


It will take just one significant failure to bring the whole thing grinding to a halt again.


And it serves us right.




posted on Oct, 17 2019 @ 06:58 PM
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originally posted by: seeker1963

He successfully took down the bank of England so guessing that after doing that he is still walking around a free man??




Errrr….no, he didn't. He made a fortune betting against the pound, with a big enough stake to cause a run on the currency, but neither the BoE or stirling were taken down.

I remember it well - I was sitting in a UK government department office when was doing it, watching the BoE put interest rates up over and over again to contain the damage.

Today's hedge funds make him look like he's running a lemonade stand...

edit on 17-10-2019 by Whodathunkdatcheese because: (no reason given)



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