The Global economic crisis was planned by design
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Its official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.
Pearlsteins column was titled, The Takeover Boom, About to Go Bust and concerned the extraordinary amount of debt vs. operating profits of companies currently subject to leveraged buyouts.
In language remarkably alarmist for the usually ultra-bland pages of the Post, Pearlstein wrote, It is impossible to predict when the magic moment will be reached and everyone finally realizes that the prices being paid for these companies, and the debt taken on to support the acquisitions, are unsustainable. When that happens, it won’t be pretty. Across the board, stock prices and company valuations will fall. Banks will announce painful write-offs, some hedge funds will close their doors, and private-equity funds will report disappointing returns. Some companies will be forced into bankruptcy or restructuring.
Further, Falling stock prices will cause companies to reduce their hiring and capital spending while governments will be forced to raise taxes or reduce services, as revenue from capital gains taxes declines. And the combination of reduced wealth and higher interest rates will finally cause consumers to pull back on their debt-financed consumption. It happened after the junk-bond and savings-and-loan collapses of the late 1980s. It happened after the tech and telecom bust of the late ’90s. And it will happen this time.
Samuelsons column, The End of Cheap Credit, left the door slightly ajar in case the collapse is not quite so severe. He wrote of rising interest rates, As the price of money increases, borrowing and the economy might weaken. The deep slump in housing could worsen. We could also discover that the long period of cheap credit has left a nasty residue.
Other writers with less prestigious platforms than the Post have been talking about an approaching financial bust for a couple of years. Among them has been economist Michael Hudson, author of an article on the housing bubble titled, The New Road to Serfdom in the May 2006 issue of Harpers. Hudson has been speaking in interviews of a break in the chain of debt payments leading to a long, slow economic crash, with et deflation, mass defaults on mortgages, and a huge et grab by the rich who are able to protect their cash through money laundering and hedging with foreign currency bonds.
Among those poised to profit from the crash is the Carlyle Group, the equity fund that includes the Bush family and other high-profile investors with insider government connections. A January 2007 memorandum to company managers from founding partner William E. Conway, Jr., recently appeared which stated that, when the current liquidity environment—i.e., cheap credit—ends, the buying opportunity will be a once in a lifetime chance.
The fact that the crash is now being announced by the Post shows that it is a done deal. The Bilderbergers, or whomever it is that the Post reports to, have decided. It lets everyone know loud and clear that its time to batten down the hatches, run for cover, lay in two years of canned food, shield your ets, whatever.
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Duration : 0:9:59
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July 18th, 2009 at 4:25 pm
I’m not sure if …
I’m not sure if it’s really for productions, I remember Jim Rogers said the US hasnt built another refiner since the 80s. even the money is used to invest in production it would still lag years to have effect on the economy. what is US gonna producing anyway?
July 18th, 2009 at 4:25 pm
O’s STIMULUS bill * …
O’s STIMULUS bill *can* be different from the Fed/Fedgov bailout of banks. Not that it will be, but it could be.
The Stimulus is for PRODUCTION, not for more inflationary speculation. Get it?
Printing money for production/consumption is proven historically to be NOT hyper-inflationary — in Germany and today in Britain. Printing money for speculators — i.e. for nothing at all — is hyper-inflationary.
July 18th, 2009 at 4:25 pm
Economist Michael …
Economist Michael Hudson
- his conception of the free market as “a market free from monopoly power, business fraud, political insider dealing and special privileges for vested interests”
Rightwing called ppl a TRAITOR who DARED to speak a critical word when Bush was pushing bailouts or when Bush threatened Congress w Martial Law if they hesitated to approve.
July 18th, 2009 at 4:25 pm
nice compilation of …
nice compilation of clips, they scare me. lucky im in Australia… as Max Keiser said I’m not sure if Americans have the intellectual capacity to bring about a revolt. If you keep a frog in cool water and then heats up the water the frog wont jump out and it will die.
July 18th, 2009 at 4:25 pm
This is their …
This is their agenda… create a crisis ( ecominic crash) which will lead to a controlled revolution. To quell the revolution & disorder, martial law will be declared in the U.S. resulting in a 2nd holocaust (check out videos on all the maned & empty FEMA camps around the country, most equipped with huge furnaces & 1000s of empty coffins).
The end game? A fascist New World Order, i.e. the United Nations, ruled by 1 global dictator (the 1st beast of Daniel).
July 18th, 2009 at 4:25 pm
Revolt & riot are …
Revolt & riot are exactly what we are NOT suppose to do. Ppl need to understand that the economic crash was not an accident due to inexperience dealing with the recession or foolish mistakes. It was planned. Just as the Great Depression was. And the coming revolution is also planned by these same elitists. Just as the French & Russian were. And they even have controlled opposition puppets like Alex Jones & Ron Paul to rally the masses & ensure the revolution occurs.
July 18th, 2009 at 4:25 pm
Actually, it is …
Actually, it is anglo perpetrated, through zionism. Remember zionism is controlled and was even created by anglo-elitists. The very first zionist was a Rothschild.
We are many, but they have complete global control, though freemasonry, the Vatican, the U.N., world governments, media, militias, economy, on & on.
And you are right. The global elitists/ Illuminati have no human values, because they are not fully human.
July 18th, 2009 at 4:25 pm
I know who owns it …
I know who owns it ….. Dajjal shaytan and Jehudas
July 18th, 2009 at 4:25 pm
Finally we’d like …
Finally we’d like to point out Iceland - peaceful ousting of the corrupt govt and banker elite. The people just marched into the parliament and the prime minister resigned and left.
We urge peaceful noncompliance. No fighting no violence, just peaceful noncompliance. Just say no.
- ron and jim
July 18th, 2009 at 4:25 pm
It is NOT anglo …
It is NOT anglo perpetrated; it is JEW-ZIONIST perpetrated. All key wall street and washington benefactors are zionist jews. Zionist jews control the media and feed nothing but nonsense and a fundamentally distorted world view. We the people are the same in china as u.s.; we have the same concerns.
We are 6 Billion; they are a very few. Those dispossessed 2000 yrs ago want to take the power back and have no human values.
July 18th, 2009 at 4:25 pm
This is the dumbest …
This is the dumbest thing I’ve ever heard. It’s missing the point and just puts emotionally charged clips in with dramatic music. Look beyond this superficial bullshit and learn the nitty gritty details.
July 18th, 2009 at 4:25 pm
Great job. Spread …
Great job. Spread the video.
July 18th, 2009 at 4:25 pm
Revolt !!
Revolt !!
July 18th, 2009 at 4:25 pm
Great compilation …
Great compilation mate !!