Tuesday, Feb 24, 2009
Niall Ferguson..Harvard Prof, tv economist and prophet of doom
Report on business: There will be blood
Harvard author and financial crisis guru Niall Ferguson has landed with a thud in Ottawa, spreading messages that could make even the most confident policy makers squirm.
The global crisis is far from over, has only just begun, and Canada is no exception, Mr. Ferguson said in an interview before delivering a presentation to public-policy think tank, Canada 2020.
Policy makers and forecasters who see a recovery next year are probably lying to boost public confidence, he said. And the crisis will eventually provoke political conflict, albeit not on the scale of a world war, but violent all the same.
“There will be blood.”
Posted by tudorian @ 11:36 PM (472 views) Add Comment
1 Comment
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1. troy said...
"The banking crisis has been expertly engineered through the transformation of banking into a high risk greed driven casino supported by the manipulated absence of regulation and excess of money supply. The nature of the banking system is such that it would inevitably lead to the debt driven asset price bubble that has made prisoners of debt out of millions and slaves out of billions. Years of banking merger upon banking merger resulted in a small number of banks coming to dominate the globe with the inevitable result that the very existence of the entire system now rests upon their shoulders. "
SD
http://www.bbsradio.com/cgi-bin/webbbs/webbbs_config.pl?read=25996
"Each piece on the chessboard is there for a reason. The political leaders have been chosen for their traits whether it is Obama's apparent charisma in contrast to Bush, Brown's surliness or Sarkozy's limitless arrogance. The banks have been set up to fail and then seek public money to the inevitable disgust and anger of the masses. The war machines have been battle hardened, the military and police personnel conditioned in the "war-on-terror, there's a terrorist in every person" mentality, the people bred fearful and confused. The mass of people have been reduced to an ignorant and confused rabble, easily directed, manipulated into violence or submission exactly as they Managers wish. At no time can the Managers be identified for they are never on the chessboard. "