http://www.ft.com/cms/s/106230b0-cd29-1 ... 07658.html
When the IMF begins to raise its voice about this, you can be sure that the situation is a lot more dire than anyone is willing to admit.
Now it's time to worry!
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sally
- captain of 100
- Posts: 272
Pretty scary. I read today that the neo-cons don't want the economy to collapse quite yet.
http://www.joelskousen.com/
http://www.joelskousen.com/
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Proud 2b Peculiar
- Level 34 Illuminated
- Posts: 5560
- Location: American Fork, Utah
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John Adams
- captain of 1,000
- Posts: 1084
- Location: Northern Idaho
This is what I think as well. I really like reading Joel Skousen's information, but I think he tries to guess TPTB's timeline and makes predictions based on that. However, the people can trump that timeline (along with some natural disasters, etc.) and things could end up happening a lot sooner (or later if God gives us more time to repent).LoveChrist wrote:Of course they don't....
But you know, it is not in their hands.. it is in ours. If everyone stops spending they cannot do enough to stop it.
I wish I was smart enough to better understand God's timeline.
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SwissMrs&Pitchfire
- Level 34 Illuminated
- Posts: 6047
- Location: Driven
True enough. We must remember that satan has no glory and very little power (bruise heal vs. crush head).
Joel's assessment is just wrong. For one, the money supply is not soaring but steady or contracting. For two the fed is neutered, powerless to force banks to lend or consumers to borrow. Let alone the solvency issues.
Do the powers that be want it to crash? Of course they do, and they have been succeeding for years. We have every proof of that. "free trade" outsourcing, off-shoring, destructive trade policies, feds bubble inflation, wars, deficits, restrictive environmental policies, etc...
But can they force market sentiment? Only through the media and limited plunge protection intervention. Their powers are really quite limited.
Joel overestimates their ability and underestimates the effects that brought us to the brink where we currently stand. The fall WAS managed by the fed and the timing is perfect to maximize their profits (politically and financially) with the baby boomer retirement beginning.
When Niagra Falls became a tourist attraction they used to fill boats full of livestock and shove them out into the current. At that point it was a simple matter of sitting back and watching.
The fed uses steering strokes not jet propulsion. We are in the current and the falls are right in front of us. They already steered us here and we are all ready for splash down. To quote many economists during the past few weeks, "these are crash conditions!"
Joel's assessment is just wrong. For one, the money supply is not soaring but steady or contracting. For two the fed is neutered, powerless to force banks to lend or consumers to borrow. Let alone the solvency issues.
Do the powers that be want it to crash? Of course they do, and they have been succeeding for years. We have every proof of that. "free trade" outsourcing, off-shoring, destructive trade policies, feds bubble inflation, wars, deficits, restrictive environmental policies, etc...
But can they force market sentiment? Only through the media and limited plunge protection intervention. Their powers are really quite limited.
Joel overestimates their ability and underestimates the effects that brought us to the brink where we currently stand. The fall WAS managed by the fed and the timing is perfect to maximize their profits (politically and financially) with the baby boomer retirement beginning.
When Niagra Falls became a tourist attraction they used to fill boats full of livestock and shove them out into the current. At that point it was a simple matter of sitting back and watching.
The fed uses steering strokes not jet propulsion. We are in the current and the falls are right in front of us. They already steered us here and we are all ready for splash down. To quote many economists during the past few weeks, "these are crash conditions!"
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SwissMrs&Pitchfire
- Level 34 Illuminated
- Posts: 6047
- Location: Driven
Another point that I want to add is that academically Ben Bernanke was THE student of the Great Depression. It is his specialty. Google his name and depression and you will find volumes on the correlation.
That may lead many to conclude that his selection was prescient. That he was chosen at this time to prevent such a thing. Anybody who naively believes that has not understood the present let alone history!
I truly believe that he was selected because of his knowledge in order to better facilitate the collapse. It is his point and purpose, his moment in history.
He isn't helicopter Ben, that is the lie. He isn't depression preventing Ben, that too is the lie. He is deflation Ben, Depression Ben.
That may lead many to conclude that his selection was prescient. That he was chosen at this time to prevent such a thing. Anybody who naively believes that has not understood the present let alone history!
I truly believe that he was selected because of his knowledge in order to better facilitate the collapse. It is his point and purpose, his moment in history.
He isn't helicopter Ben, that is the lie. He isn't depression preventing Ben, that too is the lie. He is deflation Ben, Depression Ben.
