posted on Dec, 2 2008 @ 12:47 PM
Originally posted by Rockpuck
Recession? Depression? Get real!
Irrational markets? Sign of the times I say..
Truthwithin (I don't think he meant it!)
Only downside.. if current predictions from the ATS Economic inclined hold true, we could be in for a very hard time, as a country and a people.
[edit on 12/1/2008 by Rockpuck]
I know I have posted this before on other forums, but it is
very relevant and I post it as a warning as I want ppl to get
ready for what is coming.
You can call me names, and whine and complain because I am
trying to help ppl, but save it.
This is what is coming and it will dwarf the housing and credit crisis.
The derivatives collapse:
100's of Trillions in
derivatives set to tank
They have been doing a shell game of hiding the bad debt on the
OTC market to "cook the books" with "creative accounting" just
like enron had its 700+ shell corps in the caymans the OTC
which is unregulated and unlisted is being used to the same effect.
When the house of cards collapses it will be enormous.
I have no idea when it will pop, but even the mainstream media
has started talking about it.
warnings on derivatives
So it is coming and their hiding of bad debt as derivatives is
starting to unwind at a faster and faster pace.
Good Luck to you all !
[edit on 2-12-2008 by Ex_MislTech]