Tuesday, Dec 11, 2007
All your assets are belong to us!
Telegraph: Sovereign funds scoop up crisis victims
The endgame; what happens when the bankrupt Western World owns up to its debts.
Posted by quiet guy @ 02:07 AM (212 views) Add Comment
2 Comments
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1. Night said...
Narrator: In A.D. 2008, financial meltdown was beginning.
Captain: What happen ?
Mechanic: Somebody set up us the debt!
Operator: We get signal.
Captain: What!
Operator: Main screen turn on.
Captain: It's you!!
CATS: How are you gentlemen!!
CATS: All your assets are belong to us.
CATS: You are on the way to destruction.
Captain: What you say!!
CATS: You have no chance to survive make your time.
CATS: Ha Ha Ha Ha ....
Operator: Captain!
Captain: Take off every nationalized banking institution!!
Captain: You know what you doing.
Captain: Move 'nationalized banking institution'.
Captain: For great injustice!
2. sold 2 rent 1 said...
This is a lucky escape for the western banks that will only buy time from the coming global depression. These SWFs require a high rate of interest for their investment (as high as 11pc)
The household debts still remain. The flawed banking system still has to carry on creating more money at an exponential rate, especially now as these new investors are demanding a higher rate of return.
As the world economy falters in 2009-2010, investments in China will turn bad, commodity prices drop, and these SWFs will need their cash for their own economies.
This is a long wave cycle of 80 years or so. It is not that simple to avoid a debt implosion.