Monday, December 8, 2008

Not sure about this source.

http://www.leap2020.eu/GEAB-N-29-is-available!-Phase-IV-of-the-Global-Systemic-crisis-Breakdown-of-the-Global-Monetary-System-by-summer-2009_a2435.html

But scary as hell to read.
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Posted by Robertm73 at 2:05 PM

2 comments:

Bobby and Jean the amateur world travelers said...

dont' give the source to much credit. Sounds like a bulltard, or a wall street cheerleader but he is cheering on the Euro. he makes valid points but when have those points not been brought up in the past 50 years.

EU banks are more leveraged than USA banks. They overbuilt commercially, the whole globe overbuilt commercially. The whole global growth story was based on nothing more than debt. SO much for prosperity.

USD will rein for many more years to come, until they believe we will never be able to pay down our debt. GDP would have to contract massively but if that were to happen, there would be no customers for those producer nations.

Great find on the article but credibiblity? hmm... no so much. Sounds like wishful thinking about 2k9 monetary collapse.

Brass, lead and kevlar will be a bull market.

December 8, 2008 at 2:59 PM
Robertm73 said...

I agree for the most part.

December 8, 2008 at 5:24 PM

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