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olaf's globall finaancial website...ehm - [updaated dailly].
From an email today Quoting: Anonymous Coward 8915967
For over two years now, I've been warning that
the 2008 Crash was just a warm up and that the
REAL Crisis would occur when the stock market
realized that the Central Banks, lead by the US
Federal Reserve could NOT actually hold the
financial system together.
Well, the Crisis I've been warning about is here.
Below is the chart of the S&P 500 since the day
QE 3 was announced. As you can see, stocks are
Let that sink in for a moment... the US Federal
Reserve has announced an unlimited program
and stocks have FALLEN.
The same is true in Europe where the ECB
announced an unlimited bond buying and
Europe's most troubled market: the Spanish
Ibex has FALLEN.
So... we've got both the Fed and the ECB, the
two most important Central Banks in the world
have announced unlimited money printing
programs and the markets are DOWN.
Now this doesn't mean that the markets will
implode tomorrow or next week... but this is
a MAJOR change of events that indicates the
next round of the Great Crisis (the worse round)
is well on its way.
When it hits in full force, we're going to
seeing major banks go under, market crashes,
food shortages, government shutdowns, and
Yes, I believe that before this mess ends,
the financial system as a whole will have
collapsed. What's coming is going to make
2008 look like a joke.
Many people will lose everything in this
mess. Yes, everything. The US is going
to be defaulting on its debt, paper currencies
around the world will fail. It's going to be
a dark dark time.
From Graham Summers
Hi friend and thanks for the email you kindly sent to our financial website.
It's kinda' coincidental somewhat that you should have sent this information today as I had been thinking all day of writing something in "English English"—if you know what I mean!
Well, I reckon the most interesting subject I could write about now—in the light of what was told to us in the email you posted—is this question:-
In the case of total financial collapse of both the banking system AND every Western country's respective administrations, what will become of those who are at that precise time paying-off their house loan?
I have, in the past, heard two principle theories:-
1. All debts that people have with their banks will be wiped-clean, meaning: all those who have NOT yet paid their home loan will get to keep their property without needing to pay further house payments.
2. The Chinese (or other creditors) will take all our debts and we will then be debtors to the Chinese—possibly paying significantly-higher rates of interest, which, without an economy and without any means to earn a regular income and thus keep up with their payments, would mean MASSES would be forced out of their homes.
Anyone with sensible information on this matter that would shed light on such an important issue as this can also post a reply too. Thanks.
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