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1929 Crash and Financial World Markets Now!

serfserf Member Posts: 9,217 ✭✭✭✭
edited July 2014 in Politics
The stock market is booming and The Federal Reserve with double speak on easy money and yet the BIS Bank comes out with a dire warning!

Only war can save us now,don,t you think? Maybe the NWO? Remember the good old days for the witching hour is approaching!

serf

http://www.telegraph.co.uk/finance/markets/10965052/Bank-for-International-Settlements-fears-fresh-Lehman-crisis-from-worldwide-debt-surge.html

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.

Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.

"Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give," he told The Telegraph.

http://www.johnlothiannews.com/2014/06/jln-options-yellen-gives-the-green-light-for-more-stock-gains-weekly-market-commentary-6-20-14-financial-markets-calm-before-the-storm/

Yellen gives the green light for more stock gains!

http://www.globalresearch.ca/the-tower-of-basel-secretive-plans-for-the-issuing-ocigarettelobal-currency/13239

Imposing the mark-to-market rule on U.S. banks caused an instant credit freeze, which proceeded to take down the economies not only of the U.S. but of countries worldwide. In early April 2009, the mark-to-market rule was finally softened by the U.S. Financial Accounting Standards Board (FASB); but critics said the modification did not go far enough, and it was done in response to pressure from politicians and bankers, not out of any fundamental change of heart or policies by the BIS.

And that is where the conspiracy theorists come in. Why did the BIS not retract or at least modify Basel II after seeing the devastation it had caused? Why did it sit idly by as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens . . . .

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    bpostbpost Member Posts: 32,664 ✭✭✭✭
    edited November -1
    The collapse will happen when the common working man stops believing in the mystem. Not before then, no matter who shouts the sky is falling. As long as folks believe in the current system, Fiat money or not, international bankers, drug cartels, Russia, North Korea, wars in the Middle East none of it matters as long as folks believe.

    When they do stop believing there will be hell to pay on earth.
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    nodognodog Member Posts: 17 ✭✭
    edited November -1
    quote:Originally posted by bpost
    The collapse will happen when the common working man stops believing in the mystem. Not before then, no matter who shouts the sky is falling. As long as folks believe in the current system, Fiat money or not, international bankers, drug cartels, Russia, North Korea, wars in the Middle East none of it matters as long as folks believe.

    When they do stop believing there will be hell to pay on earth.


    After mulling your comment over I think it's the broadest brushing I've ever read.

    It wasn't a failure to believe that caused the crash of 1929, it was greed and corruption. Like today an entity tried to infuse the market with cash to get it over the hump and back on track to continued and growing greed and corruption. Unlike to day that infusion was in the private sector, today it's government and instead of the greed and corruption being put in check as it was then, it's been allowed to fester. Meaning the crash will be much greater this time.

    Like everything, one event is led up to, not the originator. Sins are often paid for by future generations and future generations pay for ours. Here's a book that paints a partial picture of that being played out.


    The Perils of Prosperity, 1914-1932, 2nd Edition [Paperback]
    William E. Leuchtenburg (Author)

    I'm convinced that our arrogance before WWI and on led to the creation of the Atomic bomb. WE stood and declared before WWI that wars were over and times of prosperity the direction the world would go, we were wrong headed then and continued to be even after WWI making the claim that now wars were over.

    Because of this arrogance we stood before the world and boldly proclaimed the only way to disarm is to disarm and made deals with all the other nations to dump our "weapons of war". "Bad guys" love this talk when they're down and defeated and gladly agreed. We even gave Japan control of the Pacific even though their history was one of world dominance.

    Because we disarmed the bad guys armed thinking they could win. This time we needed an atom bomb to end it when if we would've maintained a strong defense the enemies of peace would never have been emboldened.

    "There will always be wars and rumors of wars". God said that, arrogant man said otherwise and because of it a great many people suffered.
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