CRY HAVOC!

Robert Wiedemer, Managing Director of Absolute Investment Management, (a macro-focused money management firm) and author of the best-selling book Aftershock in 2006, predicted  the crash of 2008, had this to say on US television recently:

“…a large drop of some sort [in the stock markets] is a virtual certainty. It started with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy. These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge.

 Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems.”
So fuck off with all the bullshit government ‘recovery’ propaganda- in the real world there’s fuck-all for our class, and the shit will soon hit the fan- Japan’s Nikkei index down nearly 3% today..Tick Tock.
cops
THE RICH ARE OUR MISFORTUNE.
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2 Comments

Filed under Politics

2 responses to “CRY HAVOC!

  1. karl

    On many ATMs there is a little sticker saying “If you see anything suspicious around this machine report to blah blah blah”

    Ho ho ho.

  2. karl

    Recovery ?
    I’m with the peak oilers on this – you can’t have a recovery to pre 2008 times unless oil price goes to pre 2008 prices as well, and that hasn’t happened and will not be happening.
    Nobody that I have heard has shown that efficiency savings have compensated for the huge oil price hike over the last 6 years.
    Certainly the buses driving the streets have not suddenly gained 200% efficiency, which is why the fares have not come down to balance the equation.
    Efficiency is increasing, but not by the radical degree needed.

    Speculation and resource squeeze make inflation greater than wage rise so the recovery is bullshit until the alternative energy becomes as cheap as oil was 10 years ago..

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