Sunday, October 23, 2011

… or temporary reprieve

Financial apocalypse now

Well, good analysis what thinking is likely to be going behind the scene during negotiations in Brussels. But the financial meltdown is really inevitable.

Posted by ant @ 09:44 AM (4218 views)
Please complete the required fields.



3 thoughts on “… or temporary reprieve

  • general congreve says:

    Bankrupt states bailing out bankrupt states and bankrupt banks. Sure it’ll all be fine.

    Reply
    Please complete the required fields.



  • happy mondays says:

    Brilliant 🙂

    Reply
    Please complete the required fields.



  • 3 years ago, Pytel wrote: “If governments do not liquidate the global pyramid scheme, the money they injected will be, in time, converted into toxic instruments (e.g. securities) and cashed in by organisers and privileged customers of these schemes (or in the case of Albania, gangsters and their customer friends). As the amount injected is around 200 times less than the notional value of toxic instruments, the economy will not even see a difference. It will be a step back to September 2008, only now with trillions of dollars of taxpayers’ money spent to sustain the pyramid scheme. It will be merely throwing good money after bad. But can governments afford to come up again with the same amount money and do it 200 times over or more? This is based on a very optimistic assumption that the notional value of toxic instruments is not increasing. If governments take the route of continuing to inject money, they will make taxpayers dependant on the financial system in the same way that criminal loan sharks control their customers — their debt is ever increasing and customers keep on paying forever as much as it is possible to extract from them.”

    http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>