Thursday, July 17, 2008

Hold on to your hats

A Complete And Systemic Breakdown

Second largest bank failure in US history has been duly noted, with a repeat bailout like Bear Stearns, paying down debts still the better plan, PPT supplies another miracle rally for the Dow, but we fear they only delay the inevitable, Fannie and Freddie collateral now Toxic Waste, liquidity drains now wide open, watch for the downward spiral. What you are witnessing is the acceleration of a complete systemic breakdown of the US and world financial systems and economies. All world stock markets are now in Bear Market Territory. The FTSE 100 finally caved in, and now all major stock exchanges are off by more than 20% from their highs. This is just the beginning of woes. Like the dollar, stocks worldwide will continue their downward spirals, abbreviated by dead cat bounces.

Posted by planning4acrash @ 09:58 PM (775 views)
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8 thoughts on “Hold on to your hats

  • Oh dear ! That’s a spot of bad luck old boy. I was thinking of laying some decking in my garden do you think I should call my builder chap(reads the Sun don’t you know) and get a bunker put in instead ? :o) Oh hang on there ! Could be onto something here ! The new bubble ! Underground over-ground wombling free ! The Womble’s of House Price Crash Bloggers’ are we !

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  • total garbage….

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  • moonglum101 says:

    I say what old bean, rather! My builder reads the Daily Express don’t you know. Won’t stop going on about Princess Diana. Still, not to worry, I’m sure the family jewels will see us through.

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  • This article would have seemed loopy 15 months ago.

    It’s not now. every time the US politicians say they have reached bottom, another bigger mess happens.

    Lots of countries are holders of US bonds. They will not be best pleased to see them fail – therefore the US government has to do something.

    There is an outside chance of all this happening. So it’s high time to buy some insurance cover.

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  • planning4acrash says:

    Yup, and its very simple, the only real safe havens are gold, silver, swiss government bonds (poss swiss francs), and a food source, an allotment or plot of land to see you through the great depression of 2010.

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  • last_days_of_disco says:

    I think the guy is right on some things, but when he starts raving about the Illuminati, I just have to shake my head. Yeah there are elites out there but they don’t wear funny robes and stuff. Its just human nature to try to get power and hold on to it. The scoundrels at the top are no worse than the ones at the bottom, its just that their actions are more damaging. The real issue is the current elites are making a hash of it and losing control of the economy. Beware of all the political opportunists who step up to the plate to solve everything. The more Utopian, the more dangerous they are.

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  • planning4acrash says:

    last days of disco. The illuminati is the name they give themselves. Just for example walk past the grand lodge by covent garden. its massive. The place has a huge room, almost identical to the dimensions and shape of the house of lords, and its covered with pagan symbolry. The strangest thing about it is, that the room is set in the middle of the building with no windows, so that the masons can discuss, in secret, in a room to the design of the house of lords. Mate, and the building is one of the most lavish in London. And, like new world order, the name illuminatti is a name that they give to themselves. Ignoring the word illuminatti is like poo pooing p’doff for suggeting that I am called planning4acrash.

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  • I think it’s a pity that International Forecaster uses this kind of language, because he has much to say that’s worth reading, and I’m sure it puts a lot of people off. My assumption is that he uses “Illuminati” and “Elitists” as generalised terms of abuse rather than in the literal sense that planning4acrash seems to.

    The craziness quotient on this site seems to be rising exponentially, and I’ve stopped recommending it for that reason.

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