Friday, September 12, 2008
And I thought the Bears feared a re-run of the Great Depression!
Resident economics correspondent to the Alex Jones Show discusses the background to and implications of Freddy and Fanny nationalisation. "In order to understand what is transpiring in today’s financial world you have to understand financial history. What you are seeing and experiencing has happened many times in the last thousand years. The upheaval we are in today could well be as bad if not worse than those of the collapse of the Lombard System in 1348 and the fall of the Hanseatic League in the 1600s. The current debt-based, fiat-money global economy is in the process of collapse and accompanying manipulation will soon come to an end. No fiat currency has ever survived and when it does it will be catastrophic." Oh boy!