Global Financial Crisis

[rhonda15]

"It's a new financial world on the verge of a complete reorganisation."

"You're talking about $700 trillion worth of debt in the global economy. The entire GDP [Gross Domestic Product] of the world is something like $60 trillion, so this has a long way to go as you deflate all of this debt back to something more sustainable."

Keiser said that those nations with natural resources, such as oil in the Middle East, and savings, like China, would survive.

"It is only a doomsday scenario for America and Britain, who have been living on borrrowed money for generations.

"The US dollar is now finished as the world's reserve currency and we will see now some other country rise up and take its place, most probably China."

http://mwcnews.net/content/view/25247/0/

A doomsday scenario for America and Britain?
How will it play out here?

[rhonda15]

The REFLATION Dam Has Burst! Monetary Flooding Anticipated…

Oh what a two weeks it has been. It is a CHALLENGING task to figure out the latest FINANCIAL and Geopolitical curveballs that need to be interpreted. The activity in the last two weeks is EXACTLY why the “Crack Up Boom” series has continued. They stepped over the line with Bear Stearns (they had to) and the next dominoes to fall have done so. As Fannie and Freddie continue on the path to their demise, and that of the US dollar, the money printing now must go into a gear that is feared by the US Treasury and the Federal Reserve.

At no time in history has the biggest money in the world been as MISALLOCATED and invested as it is today. Generally run by misinformed, poorly prepared ignoramuses who are at the top of the world investment and banking industries. They have not studied history or know economics and are repeating it as is always the case. THIS IS THE BIGGEST OPPORTUNITY IN HISTORY. The greatest transfer of wealth from those that store their wealth in paper to those that don't is unfolding. ALL Markets will have to price in reality, and the reality is that the G7 in general and the financial and banking industries in particular (there are exceptions to this) are INSOLVENT. Rather than default through the normal process they will default through the printing press as legendary economist ADAM SMITH and Ludvig Von Mises have illustrated and predicted in their bodies of work. VOLATILITY IS OPPORTUNITY AND IT IS SET TO EXPAND.

http://www.marketoracle.co.uk/Article6283.html