HowardWhen did the System Start to Die?
I I'm looking in my back blog entries. The present disintegration of the monetary system started with the collapse of two Bear Stearns hedge funds, around June 20-26th 2007. The rest is becoming history. Here is a reproduction of one of my historic blog entries. Read it and weep:
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The CDOs are about to hit the market. That, plus the housing market collapse is going to be another black hole for the financial system. You can see why they need a Nazi dictatorship and endless war and genocide. That's how to keep in "business". Right now, they seem to be caught with their pants down. Then there is the BAE (British Aerospace) affair...
Peter Schiff, president of the Connecticut-based Euro Pacific Capital, warned about a potential "catastrophe" in the CDO (collateralized debt obligations) markets, due to the Bear Stearns hedge funds collapse. "As long as these CDO bonds stay off the market, as they universally have, asset managers have the luxury of 'marking them to market ...
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The CDOs are about to hit the market. That, plus the housing market collapse is going to be another black hole for the financial system. You can see why they need a Nazi dictatorship and endless war and genocide. That's how to keep in "business". Right now, they seem to be caught with their pants down. Then there is the BAE (British Aerospace) affair...
Peter Schiff, president of the Connecticut-based Euro Pacific Capital, warned about a potential "catastrophe" in the CDO (collateralized debt obligations) markets, due to the Bear Stearns hedge funds collapse. "As long as these CDO bonds stay off the market, as they universally have, asset managers have the luxury of 'marking them to market ...
