Re: Stock Market and Monetary System on the verge of collapse
- From: hal@xxxxxxxxxx
- Date: Sun, 03 Feb 2008 21:13:51 GMT
On Sun, 3 Feb 2008 02:28:31 -0800 (PST), zzbunker
<zzbunker@xxxxxxxxxxxx> wrote:
On Feb 2, 8:50=A0am, orangata...@xxxxxxxxxxxxxx wrote:
'we think that the markets will go down 50 or 60 percent..our whole
system ihas been built on credit expansion. we have to keep growing
credit ...when it enters recession it's going to cascade on itself.'
'the cause of our problems is the federal reserve printing too much
credit'
'the end od an empire always comes when the currency is destroyed.'
But in this case, it's only the Federal Reserve Empire that is
ending,
this is not going to end the Fed empire. More likely strengthening it
because it's not the owners of The Fed that are losing all their
money. Rather they are making billions while middlle class investors
are losing everying.
Hal
not a physical, tangible, or legal empire. So like all things that
overextent credit, it crumbles.
Which is not really a bad thing, since the chumps borrowed
all their "printing money" from Chinese Sattelites.
http://www.stockmania.com/videos.php
.
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