Monday, May 12, 2008
More destruction on its way
The global slump of 2008-09 has begun as poison spreads
Britain, Europe, Japan, and China will go down before America comes back up. This is turning into a synchronised bust, after all. The Global Slump of 2008-09 is under way.
Posted by sold 2 rent 1 @ 09:35 AM (2210 views)
39 thoughts on “More destruction on its way”
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sold 2 rent 1 says:
“The bears at Société Générale are going into Siberian hibernation, issuing an “Ice Age” alert. They have slashed exposure to global equities to a minimum 30pc for the first time ever.”
“Their weighting of super-safe “AAA” government bonds has been raised to a maximum 50pc. This is a bet on gruelling “Japanese” deflation. The bank expects equities to fall by 50pc to 75pc.”
tyrellcorporation says:
Scary stuff!!! I only want a cheaper house and now I have an economic ‘Ice Age’. Great!
Colin Camper says:
Strong stuff indeed!
One is left hoping that we get a housing crash with an associated ’90s’ level recession and nothing worse.
Hpwatcher says:
shocking to see an article titled like that in the telegraph.
holding out says:
S2R aren’t you cherry picking – “We see a global recession unfolding. Liquidity will drain away and crush the twin emerging market and commodity bubbles”
That comment suggests to me that they also predict the collapse of gold (amongst other commodities). That doesn’t go along with other parts of your preaching.
sirgoogle says:
BladeRunnerMaker
Yep, Unfortunately there is that much money tied up on property that recession almost has to be an expected outcome of HPC, how big and for how long – and where the bottom will be – that is the question we should look at next.
Sneaker says:
AEP is easily the most consistently bearish mainstream commentator. Sounds like he’s been reading up on too much Prechter.
Anyone know if he has always been so doomy, or whether this changed at some point?
sold 2 rent 1 says:
OK chaps. Slightly off topic—–ish
The time is getting close to 16 May (Friday) which marks the mid-point of Calleman’s “fifth night” destruction period where ETHICS overcomes POWER on this planet. The destruction must happen in order for change to occur.
The situation in Burma looks like a world event that could mark this turning point. Hopefully by late May the ruling regime will have been toppled by the ethically minded masses. We shall see.
I am also watching closely the Zimbabwe situation too. Will it all be resolved peacefully or will we need more chaos there too.
Remember in 1989 how the fall of the Iron Curtain spread from one country to the next.
Could we see a contagion of falling dictatorships around the world?
That would be nice indeed.
taffee says:
agree…but how can we go into iraq and not burma?……and we sit around while zimbabwe ethnically cleans their country and destroy their economy.
Think the worldwide sharing of information(internet) is starting to expose all sorts of imbalances across the world…one day we be ‘startreked’ and begin looking outside of ourselves
tyrellcorporation says:
S2R I’m generally quite accommodating but you’re potty mate!!!
inbreda says:
My big mistake – and its easy to moan about with hindsight – is that I should have invested in gold years ago. I am a bit nervous about being in gold now.
I was in cash when I should have been in gold, and I now fear that I am in gold when I should be in cash. I don’t like investing, and I would much rather have a house, so I wish this crash will be a short one.
sold 2 rent 1 says:
holding out,
“S2R aren’t you cherry picking – “We see a global recession unfolding. Liquidity will drain away and crush the twin emerging market and commodity bubbles. That comment suggests to me that they also predict the collapse of gold (amongst other commodities). That doesn’t go along with other parts of your preaching”
The article says collapse in commodities.
Gold is a unique commodity in that it has very little industrial use. It’s main use is store of value in rough times.
Gold and oil are strongly correlated throughout the entire economic cycle. There are times when the 2 disconnect from each other – not very often – which is why people forget that they do.
A Kondratieff Winter is such a time. We are 8 years into the K-Winter and the time is soon for oil and gold to go there seperate ways. Gold showed it could disconnect from the USD in its upleg in spring 2006. Now it is time to do the same with oil.
Of course most people want proof that a disconnect has happened before they buy gold. That is fine. But when gold starts rising it will do so very fast.
Remember gold will be the bubble to end all bubbles, before it is finally worthless in the summer of 2011.
bystander says:
As was warned by many, over the last few years on this site – with HPC will come much hardship for all. It would be nice to imagine that we will all get into a nice house, in a nice area, at a nice price and continue life the way it has been: holidays, nights out, LCD/plasmas to watch our favourite film/ sport/ soap (delete as necessary), but that is not possible. Our standards of living (for the majority) will fall, and fall significantly over the next few years.
crash n burn says:
I’m with you to a certain extent inbreda. There is still loads of dosh around but it’s with a small handful of people and not circulating… No doubt to protect against inflationary pressures there should be some upward pressure on gold from these ‘big’ guys especially given its recent underperformance alongside its peers… I’m long gold and perhaps only looking for reasons that it should go up and not down… But I am definately nervous – but then again maybe that’s a good thing… Be in it when there is nervousness and uncertainty and stand out as a contrarian.
sold 2 rent 1 says:
taffee,
“agree…but how can we go into iraq and not burma?……and we sit around while zimbabwe ethnically cleans their country and destroy their economy”
There is a time and a place for everything.
The world is on a schedule that can neither get ahead nor behind itself.
Fred Harrison never got impatient about the property bubble not bursting earlier.
He knew it would be 2008 because that is what his maths said it would be.
sold 2 rent 1 says:
One of the comments
“Compare Evans Ambrose-Pritchard to Roger
Bootle. Ambrose tells it like it is – and that is
why I hang on his every word, meanwhile Bootle
argues for more of the same debt enslaving
medicine through lower interest rates!! Evans
has got it right and I would go further to say we
are living in a country that has so obviously had
its economics and democratic and legal systems
deliberately and deviously corrupted and
destroyed – it is now a matter of time before we
see the true face of this most heinous conspiracy
against a once free people.”
mrmickey says:
The fact people are so obsessed with buying property in this country is because they feel so insecure. Owning a house in this country is the only way you can feel you have a stake in society, it’s a popular psychosis brought on by the fact that this country is falling to pieces socially. A lot of people don’t even belong to a family anymore let alone a community.
sold 2 rent 1 says:
tyrellcorporation,
“S2R I’m generally quite accommodating but you’re potty mate!!!”
Even I realise that there is a chance this may be the case.
18 months solid research and watching the food/energy/monetary/political/chaos events unfold around the world give me more hope that “the plot” is still firmly by my side.
The wife gave me 3 months slack after watching the “zeitgeist” movie. Phew!!!!!
And what was that Pangeaday on Saturday all about?
Another step in the direction of gobal consciousness?
Tonys9168 says:
Yes house price crash great, as we have predicted, but the global economy crashing, could be a bit annoying. To be honest my job, is manufacturing based (using EU factories, buying Chinese components), and I had been expecting (along with HPCs) that the Chinese economy was going to implode, as I know they have been selling at below cost for years helped by subsidies from their Gov’t on all exports (we also helped them for many years by their GSP status, ie no EU import duty, until more recently). I have been in 2 companies put out of business by this practice. When individual companies do it they can only last so long, and you can try to hold out, but when gov’ts do it… well we are about to find out.
larry pickleman says:
speaking as an ethically minded anti-corporate vegan I’d love to know who s2r’s “ethically minded masses” are….’cause from where I’m sitting, the last thing the masses are is “ethically minded!!”
mrmickey says:
Your right Larry when push comes to shove people won’t give a stuff where their consumer goods come from as long as it’s cheap. Every time they fill their 4 x 4 up it’s funding some pretty unpleasant governments around the world and it’s coming back at us in the form of terrorism.
holding out says:
LP – It rather depends on the definition of “ethically minded” you seem to be confusing it with someone who eats only vegetables. Are you sure you are the best person to judge yourself as ethically minded.
sold 2 rent 1 says:
larry pickleman,
“speaking as an ethically minded anti-corporate vegan I’d love to know who s2r’s “ethically minded masses” are….’cause from where I’m sitting, the last thing the masses are is “ethically minded!!””
You are right of course – the masses have not reached that state of consciousness yet. Whilst the middle classes have a nice house/car/job/holiday they really aren’t that bothered about anyone else outside of their immediate circle of friends and family.
The new ethics consciousness can only be achieved from the depths of destruction. Once the nice things are taken away, only then will people change.
But don’t get your hopes up that all the world problems will be solved in the next year or two.
They won’t.
In fact they will get much much worse.
The key change this summer is the exposure of the power elite.
This will free the creativity of humans from the chains of the power elite that have held us back for 100’s if not 1000s of years
inbreda says:
Larry pickleman – I entirely agree with you. Hoping that people are going to act ethically is a patently naive thing to do.
sold 2 rent 1 says:
mrmickey,
“Every time they fill their 4 x 4 up it’s funding some pretty unpleasant governments around the world and it’s coming back at us in the form of terrorism.”
That list of governments would include ours too.
Petrol tax revenues and 7/7 inside job
A Call for July 7th Truth & Justice
http://www.julyseventh.co.uk/
quiet guy says:
@S2R1
“This will free the creativity of humans from the chains of the power elite that have held us back for 100’s if not 1000s of years”
I hope you’ve considered the possibilty that you will be disappointed S2R1. History suggests that LP is closer to the mark. Humanity and its flaws has proved to be very resilient so far.
Sneaker says:
The consumer lifestyle is the Soma of the middle and working classes.
lvmreader says:
@taffee
How about Palestine? Why do we publicly criticise Zimbabwe and China but not Israel?
sold 2 rent 1 says:
quiet guy,
“I hope you’ve considered the possibilty that you will be disappointed S2R1”
Yep. Well aware of the risks involved with this journey.
“Humanity and its flaws has proved to be very resilient so far”
That is not quite my view.
My understanding of evolution is that each stage is totally necessary at that time but will eventually become obsolete.
EG. The POWER stage which covers the whole industrial revolution was necessary. Political systems, flawed debt-based monetary systems and wars all had their part to play in the evolution process.
The POWER stage has finished its usefulness and it is time for something different. It is time for ETHICS to step up to the plate.
Nothing lasts forever and in a world of exponential change; and “things” are lasting for shorter and shorter periods as the “line” goes near vertical.
The internet will be replaced by “the grid” – a network 10,000 times faster that came about as a result of the atom smasher in Cern.
IPODs of 500,000 Gig are being designed.
Who said change wasn’t exponential?
Btl Rules says:
@ s2r1
are you David Icke?
Dark_horse says:
sold 2 rent 1 – what have you been smoking?
Aside from linking to a dubious 7 July site (which you will find that survivors of the day, like me, refer to as “conspira-loon sites” due to their desire to prove … something … anything) and bringing about the fall of a few nutty dictatorships, what point is it you are making? At least, what point with even a vague reference to house prices?
sold 2 rent 1 says:
titaniccaptain,
Why didn’t he like you?
jack c says:
Slightly off topic but planning for crash (P4C) is noticably absent
sold 2 rent 1 says:
jack c,
P4AC said he was giving up posting for a while to read books and learn the violin.
He has learnt a lot from here but realises that the site is now just tracking the HPC, so the law of diminishing returns applies.
He will be back as things get more interesting over the next 2 months.
sold out says:
Greedbay was claiming he could play a violin the other day…….No class
sold 2 rent 1 says:
Dark_horse,
“What point is it you are making? At least, what point with even a vague reference to house prices?”
The film zeitgeist
http://www.zeitgeistmovie.com/
makes the connection between house prices, 9/11 and 7/7.
The reality or consciousness of humans is changing. The first people to experience this change are seen as crackpots or loonies by the rest.
Eventually we will all discover the truth.
jack c says:
@ 38 sold 2 rent 1
Thanks for the update – lots of interesting things still going on in UK housing market if people scratch under the surface.
James says:
S2R1 – in all your posts, you’ve only ever made one falsifiable prediction. Gold at $1500 by the end of June. If you are wrong (as I confidently predict you will be) will you please stop spamming this site with your nonsense?
malct says:
sorry I missed this one
have an Icke, music, historical, psycholgical angle that could have complicated the dialogue
and no yes I’m not david icke either, but I did see him live in Totnes a couple of weeks ago two and a half hours with three hundred people
no technology no spin, just eye to eye contact
for sure s2r1 is not DI, DI is angry.