reply to post by Trayen11
The credit markets froze solid last week. LAST week. All major economies worldwide are in the process of engineering bailouts, suspending their
stock trading and taking all manner of extreme measures to attempt to stabilize their financial systems. Why do you feel it's unthinkable that the
system will collapse? It's in the process of collapsing right now as we speak. Can you offer a single event or scenario that you feel would turn
things around? There has been a fundamental loss of trust in the inter-bank system. The system has been in the process of slow collapse for weeks
now. What can turn it around?
I'm hoping for a miracle but am preparing (as best I can) for the worse. We'd all like to convince ourselves that this really isn't happening...
but it is. The writing is on the wall. They're going to have no other option but suspening the financial system while they attempt to devise a
'fix'. Unfortunately --- and again I truly hope I am wrong --- this is it. The real deal.




