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Global systemic crisis: Four big trends over 2008-2013
leap2020.eu — Global financial crisis – Savers and investors trapped into USD 10,000-billion worth of "ghost-assets"; USD-denominated asset crisis – End of 2008: The US Federal Reserve and its network of "Primary Dealers" fight for their institutional and financial survival; Foreign exchange crisis; Global social crisis
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- principle, on 04/23/2008, -1/+3The financial system is going down the drain. However, the media is not about to inform the taxpayers that the financial institutions are quietly offloading derivatives on them, with no one having the faintest idea what these assets are worth. Bernanke testified in Congress that the taxpayers could recoup their moneys in ten years.
- hawkmauk, on 04/23/2008, -0/+0Well thats quite a bleak outlook!
- StingingNettle, on 04/23/2008, -0/+2And people wonder why I don't want to have kids.
- juankovo, on 04/23/2008, -0/+2http://www.mises.org/ Problem solved.
- devoted, on 04/24/2008, -0/+1Apocalypse now!
- DukeLeto2, on 09/08/2008, -0/+1Way late to the party here, but I've been noticing a pattern (and yes, it's crazy talk but a pattern nonetheless). The Mayan calendar ends on the winter solstice of 2012 and the end of the current Pieces eon is 2013. This article talks about financial downfall at that exact time frame. Seems to me, that we're heading for the crucible but the good part is after that, we're in the eon of Aquarius of which I hear good things. Good luck to everyone.
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