Will 2013 Be 2008 All Over Again? Cyprus levy Is A True Game-Changer And Euro Zone’s Very Own Lehman Moment, China Is Flashing Warning Signs That A Financial Crisis May Be Approaching, And 3 Out of 4 Americans Say We’re Headed for Economic Crisis
March 20th, 2013
Will 2013 Be 2008 All Over Again?
In 2013, we are receiving the same banker and mass media propaganda that we heard in 2008. The stock markets are okay, economies are recovering, blah, blah, blah. However, do any of the facts support the propaganda? For example, this “bullish” US stock market has not even recovered to the levels of October, 2007. And even, if more QE, more HFT low-trading volume rigging can rig US and other western markets higher, do rising stock markets even matter if the growth of stock markets are less than the Central Bankers’ devaluation of the denominated fiat currencies? So, today, we should be asking the question, “Who sees another economic crisis coming and why?” In the meantime, my friend, journalist Lars Schall takes an investigative look back at 2008 and answers, the question, “Who saw the economic crisis coming and why?” Below, I present you his article. – JS Kim.
Who saw the economic crisis coming and why?
You have heard the widespread thesis that no one saw the current financial crisis coming. That thesis is simply wrong. However, it makes sure that those are not seen and heard, who a) did see it coming, who b) could have prevented it, and who c) have the knowledge of how we can get out of the mess we’re in.