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"Welcome to the official Crisis 2.0 which is now in progress," Mr Jakobsen said.
"Crisis 1.0 was the failure of the banking system to sustain the losses from the (US) subprime loans.
"This created a run on the banks, which the policymakers solved by moving the debt burden from the private sector into the government sector, under the presumption that governments would be able to finance these debt obligations cheaper and guaranteed by tax issuance.
"This was followed up with massive fiscal and monetary policy in a size not seen before in economic history. The policymakers used all the tools in the toolbox in order to buy some more time.
"This worked short-term - but, as seen in Europe, the market is now questioning government ability to repay their debts."
Originally posted by calman2278
I don't think it would be a sell off on bonds just yet. I mean buying them is undesirable and mass selling will result in a economic shockwave. Initially, the elites' plan was to devalue the american currency in a sustainable manner. Makes exports look more desirable and allows to them to devalue foreign debt holders with inflation, while crunching debt-ridden U.S. citizens pockets. How the I know the plan?
Ok, tried to find a link to dick Morris's catastrophe book but can't .
It was planned that's all I know. A controlled catastrophe is the most manipulating on public opinion.
Now, ehem. Prepare for war, foreign economic policy will start to be directed on the united states.
IF, and I mean IF QE3 starts cause then expect 3 scenarios I think.
1. Sell-off and U.S. depression with a flight to emerging markets commodity safe-havens. To eventually form the SDR system with more desirable Russian-Chinese SDR than the older U.S.-Euro SDR. I mean Brazil, India and South Africa are cool with it.
2. Inflation, but not small inflation like we seen in the past few years. I mean faster and bigger jumps. One purpose of the Quantitative easing was to make more physical money for real money users to counter the population growth and not just use computer money (fake money, ahem mortgages). The easing valued the World Market appropriately with available money (#ing wealth gap sufferers). P.S. more countries pissed at us, and I mean pissed. Though, we will get our jobs we always wanted. talk about double-edged sword.
3. dum dum dummmm....war. I don't wanna explain too much, but unemployment at 9.1% (18% unofficially), Major conflicts in Pakistan (Chinese ally), Israel is hitting a point where the Arab spring is heading home, and soon they will be pushed to make a decision since the world is still looking at them for human rights violations. Eeekk hardcore #.
I believe in aliens so they won't let all this # happen now. I mean, we evolved from 3rd dimension (paper-physical) to 5th dimension (data-bits-information-internet-social networking) beings in a matter of 20 years. Yeah, that's some sick # if you grasp it.
Originally posted by Bicent76
reply to post by citizen6511
Sooner or later...
This madness we are watching on the news..
Is going to make you care..
Its going to effect your life.
Since you are part of this system..
If the economies banks, etc. etc. collapse I guarantee you wars will rise from the ashes...
I don't guarantee you.. Not my ego.. History guarantee's it...