global financial collapse
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- ukit
http://caps.fool.com/blogs/viewp…
Man it is getting hard to tell what to believe anymore. According to this Congressman, there was a massive run on the banks in Sept 2008 which was hours away from collapsing the entire U.S. and world economy.
- GeorgesII0
people will continue to ignore these warnings untill its too late.
But when it will all crash, they'll all wake up with a phd in economy,
"I blame the keynesian model, I always trusted the Austrian schools of ...."
- KennyRodger0
No idea, but that is pretty intense.
- BusterBoy0
Joe Citizen couldn't give a flying fuck about all the talk now. So many theories and eco-babble that the eyes start to glaze over after a while.
Much like trying to keep track of what food is good for you and what is not...too much information. Moderation is the key.
- that's a pretty handy attitude for the banker and capitalistslowimpakt
- monNom0
"see, the thing about that is, we were lying... but now we're telling the truth... honest"
- ********0
This is actually well documented that it happened. Although I am not sure of the actual amounts etc.
- ********0
* My Prediction
- The U.S. economy will collapse by the end of 2009
- DrBombay0
I have heard that europe is actually in as bad of shape as america as far as debt goes.
- TheBlueOne0
My question about this massive apparent electronic bank run - is who exactly was withdrawing their money? And where was it going?
Followup - how soon after being informed of these facts did various congress critters call their accountants and money managers and divest their portfolios?
- rafalski0
I'll just bump so everyone can listen to The Ethopians