peaceandlove
08-01-2009, 11:24 AM
SOURCE: Fever I Am Commentary http://feveriam.blogspot.com/
Wednesday July 19, 2009
POSTED BY MIKE AT 15:05
Gold Market and World economy Newsletter by Egon von Greyerz
And here I thought I was good at this Doom and Gloom stuff! Ha!
Meet Mr. Egon von Greyerz - his analysis of the current worldwide financial situation is especially dire. I'm starting to think Nirumbu striking the planet on Dec 21, 2012 would be better than the future predicted for the world here!
Gold Market and World economy Newsletter by Egon von Greyerz
The Dark Years Are Here http://matterhornassetmanagement.com/newsletter/?newsletter=20
"Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades."
His analysis of Quantitative Easing is some especially nice writing :-)
"And what is the government doing about it. They are doing the only thing they know which is to print more money.
This is total lunacy! How can any intelligent person believe that printed pieces of paper can solve an economic catastrophe?
If that were the case we could all go home and write out pieces of paper or use Monopoly money to spend in the shops or repay our debts.
How can the US government, the UK government and most other governments not understand that the only way to run an economy is to cut your coat according to your cloth. This is why the emperor had no clothes because the country had run out of gold thread to make the cloth. Until now the US as well as other countries have been able to buy the cloth because the world has been foolish enough to accept worthless pieces of paper as payment. But this is coming to an end very soon and many countries will be without both coats and cloth."
His warning on the 'Dark Years' ahead makes the web bot project's report look absolutely cheery in comparison!
"The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this."
"This is a period of Crisis when the fabric of society will change dramatically. Previous Fourth Turnings have been the American Revolution, Great Depression and World War II. According to Howe the Crisis will be substantially worse before it is over and it will last for another circa 20 years."
Prepare for Dow 500 by November. Does anyone know how to safely place that kind of bet? Preferably with GS or JPM - I think they be the only ones left to pay out on that sort of bet!
Peace and Love
********
For some reason I felt inspired to re-listen to Lindsey Williams predictions for the next 6 - 12 months...we all need to be sure we have enough food and any items for survival and bartering purchased and be ready to help others.
Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!
VIDEO (10:54): YouTube - Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
http://mises.org/
Wednesday July 19, 2009
POSTED BY MIKE AT 15:05
Gold Market and World economy Newsletter by Egon von Greyerz
And here I thought I was good at this Doom and Gloom stuff! Ha!
Meet Mr. Egon von Greyerz - his analysis of the current worldwide financial situation is especially dire. I'm starting to think Nirumbu striking the planet on Dec 21, 2012 would be better than the future predicted for the world here!
Gold Market and World economy Newsletter by Egon von Greyerz
The Dark Years Are Here http://matterhornassetmanagement.com/newsletter/?newsletter=20
"Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades."
His analysis of Quantitative Easing is some especially nice writing :-)
"And what is the government doing about it. They are doing the only thing they know which is to print more money.
This is total lunacy! How can any intelligent person believe that printed pieces of paper can solve an economic catastrophe?
If that were the case we could all go home and write out pieces of paper or use Monopoly money to spend in the shops or repay our debts.
How can the US government, the UK government and most other governments not understand that the only way to run an economy is to cut your coat according to your cloth. This is why the emperor had no clothes because the country had run out of gold thread to make the cloth. Until now the US as well as other countries have been able to buy the cloth because the world has been foolish enough to accept worthless pieces of paper as payment. But this is coming to an end very soon and many countries will be without both coats and cloth."
His warning on the 'Dark Years' ahead makes the web bot project's report look absolutely cheery in comparison!
"The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this."
"This is a period of Crisis when the fabric of society will change dramatically. Previous Fourth Turnings have been the American Revolution, Great Depression and World War II. According to Howe the Crisis will be substantially worse before it is over and it will last for another circa 20 years."
Prepare for Dow 500 by November. Does anyone know how to safely place that kind of bet? Preferably with GS or JPM - I think they be the only ones left to pay out on that sort of bet!
Peace and Love
********
For some reason I felt inspired to re-listen to Lindsey Williams predictions for the next 6 - 12 months...we all need to be sure we have enough food and any items for survival and bartering purchased and be ready to help others.
Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!
VIDEO (10:54): YouTube - Lindsey Williams on THE INFOWARRIOR with Jason Bermas 3 of 6 Super HyperInflation Coming Soon!!
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
http://mises.org/