Coming Financial Fiasco
Wow, I'm so glad I found this forum. I was beginning to think I was the only one on Eons who actually thinks we are headed for a financial meltdown.
I began reading books about this subject over 15 years ago. As soon as I got this computer 2 years ago, I started finding and reading contrarian websites, I now read all updates on several every week, takes quite a few hours. Myfriends and family are convinced nothing of this sort can happen.
I not smart enough to guess if we will have a deflationary or hyperinflationary depression, but I'm sure it will be one of them.I think it will be lead by a crack up in the housing market, brought on by defaults in several hedge funds, the first Bear Stearns very shortly, with others to follow, to many to be bailed out like Long term Capital was. Bill Gates has just unloaded ALL his home building stocks.
The deritives mess is a toxic swamp waiting to be discovered. Some people who are trying to keep their homes have hired lawyers just to try and find out WHO actually holds their mortages.
The arabs have allready started to sell their oil in Euro's, they arn't dumb, they know the dollar is headed for a fall.
The Austrian school of economics calls what we are currently in a "Crack Up Boom". I'm so glad I have a secure income, Social Security and a pension from my late husband , who was born and raised and worked in Germany before emigrating. It's paid out in Euro's thank God! And while I don't have any assets in real estate or the stock market, I don't have any debt either, I can weather what ever is going to happen.
I began reading books about this subject over 15 years ago. As soon as I got this computer 2 years ago, I started finding and reading contrarian websites, I now read all updates on several every week, takes quite a few hours. Myfriends and family are convinced nothing of this sort can happen.
I not smart enough to guess if we will have a deflationary or hyperinflationary depression, but I'm sure it will be one of them.I think it will be lead by a crack up in the housing market, brought on by defaults in several hedge funds, the first Bear Stearns very shortly, with others to follow, to many to be bailed out like Long term Capital was. Bill Gates has just unloaded ALL his home building stocks.
The deritives mess is a toxic swamp waiting to be discovered. Some people who are trying to keep their homes have hired lawyers just to try and find out WHO actually holds their mortages.
The arabs have allready started to sell their oil in Euro's, they arn't dumb, they know the dollar is headed for a fall.
The Austrian school of economics calls what we are currently in a "Crack Up Boom". I'm so glad I have a secure income, Social Security and a pension from my late husband , who was born and raised and worked in Germany before emigrating. It's paid out in Euro's thank God! And while I don't have any assets in real estate or the stock market, I don't have any debt either, I can weather what ever is going to happen.
