A couple of facts regarding the economy.... In a depression, assests are concentrated into fewer hands (IE, the creditors forclose on debtors, IE,
more money and therefore power ending up in the Cabals hands)
A war serves three purposes... it will in the short term create even worse economic conditions, thereby exacerbating the above fact: It will in the
long term generate new economic markets, so that those who now have assests concentrated in thier possession are able to expand thier growing empire:
A war also acts as a diversion to keep the sheeple from looking at what is really going on.
World economy headed for catastrophic meltdown?, page
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Topic started on 28-2-2003 @ 10:20 PM by Netchicken
I don't know what to make of this, but if it is true then its far more important than a war with iraq...
www.kuro5hin.org...
"The world economy is about to turn for the better." "We have reached the bottom." "The downturn is slowing down." The naive and overly optimistic comments on world economy made by economists and politicians have been reported with headlines like "Have We Reached the Bottom?" and "IMF Upbeat On World Economy".
But economists and politicians have a vested interest in the Big Lie: they are paid to produce good news, not to provide objective economic information. Almost nobody hires an economist who predicts bad times ahead. Voters don't vote for politicians who promise worse times. They both try to support the idea behind the quote above. But Bob Prechter is one economist who is not afraid to warn about a possible worldwide economic crash.
The world economy is not about to turn for the better. We have not reached the bottom. The downturn is not slowing down. The relative lull we have right now is just gaining momentum for a full-speed downward spiral. At least according to Robert Prechter. He has a book out - Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression - where he conjures a scenario of impending doom, of a recession worse than anything we've seen in two hundred years, including the stock market crash of the 1920s and oil crisis of the 1970s.
He uses the Elliott Wave Theory for his predictions and maintains that we are headed to what he calls a new "grand super cycle" of the economy. Although there are examples of his previous successes as well as failures in another interview, there are people who are even more skeptical. Nevertheless, he raises several issues that are very important to address even if they don't lead to a worldwide economic meltdown.
www.kuro5hin.org...
"The world economy is about to turn for the better." "We have reached the bottom." "The downturn is slowing down." The naive and overly optimistic comments on world economy made by economists and politicians have been reported with headlines like "Have We Reached the Bottom?" and "IMF Upbeat On World Economy".
But economists and politicians have a vested interest in the Big Lie: they are paid to produce good news, not to provide objective economic information. Almost nobody hires an economist who predicts bad times ahead. Voters don't vote for politicians who promise worse times. They both try to support the idea behind the quote above. But Bob Prechter is one economist who is not afraid to warn about a possible worldwide economic crash.
The world economy is not about to turn for the better. We have not reached the bottom. The downturn is not slowing down. The relative lull we have right now is just gaining momentum for a full-speed downward spiral. At least according to Robert Prechter. He has a book out - Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression - where he conjures a scenario of impending doom, of a recession worse than anything we've seen in two hundred years, including the stock market crash of the 1920s and oil crisis of the 1970s.
He uses the Elliott Wave Theory for his predictions and maintains that we are headed to what he calls a new "grand super cycle" of the economy. Although there are examples of his previous successes as well as failures in another interview, there are people who are even more skeptical. Nevertheless, he raises several issues that are very important to address even if they don't lead to a worldwide economic meltdown.
reply posted on 12-6-2003 @ 11:43 PM by Netchicken
The bilderburgers said....
www.atimes.com...
Fear mongering? or fact...
An influential Jewish European banker reveals that the ruling elite in Europe is now telling their minions that the West is on the brink of total financial meltdown; so the only way to save their precious investments is to bet on the new global crisis centered around the Middle East, which replaced the crisis evolving around the Cold War.
www.atimes.com...
Fear mongering? or fact...
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