Wednesday, February 10, 2010


I've been hearing rumours for months, from friends who seem to know about money, that we should expect something nasty on the financial front. I was a bit skeptical, to be honest, but this latest from the Wall Street Journal's Marketwatch seems more than a little scary. Here's an excerpt:

"The Big One is coming soon, bigger than the 2000 dot-com crash and the 2008 subprime credit meltdowncombined. A huge market blowout. And as Bloomberg-BusinessWeek predicts: "The results won't be pretty for investors or elected officials."

After the global-debt bomb explodes don't expect a typical bear correction followed by a new bull. Wall Street's toxic pseudo-capitalism is imploding. Be prepared for a massive meltdown. Yes, already the third major bubble-bust of the 21st century, triggered once again by Wall Street's out-of-control Fat Cat Bankers. And it's dead ahead.

Can your family survive in the anarchy after the debt bomb explodes?

America's already descending into economic anarchy. We're all trapped in a historic economic supercycle, a turning point that must bleed through a no-man's land of lawless self-destructive anarchy before a neo-capitalistic world can re-emerge."

I'd say that wasn't very encouraging. Off to study The revelation to St. John the Divine as interpreted by Austin Farrer - Rebirth of Images, well worth the read.

Stockpile ammo and food,



darlin said...

The world is scary LSP, who knows what tomorrow might bring. Our budget recently came out and it's kicking those who are already down and who have no voice. Such sadness that our government, especially this city I live in who is planning to erect a one billion dollar sports facility, can sit back and watch people sleep in the streets. I know that it's not right to think this way, but I hope that the people who are thinking of doing this are not able to sleep at night.

May God be with us all.

LSP said...

I agree Darlin - the world is scary and seems to be getting more so.

Didn't know Edmonton was spending that kind of money on a sports center...

All Seeing Eye said...

With the Greek economy going down the pan at the moment and them about to be thrown out out of the EuroZone, I'm panic buying taramasalata.

LSP said...

Very tasty - ASE.