Carl sent me this article by Lyndon Larouche. I am NOT an apologist for Larouche at all, he is a reputed antisemite and Holocaust denier. However, he has been praised for his FINANCIAL insights.This is all and strictly what I am quoting him for: let him help some JEWS keep their funds in difficult times, why not?!!
Wikipedia:
....LaRouche was credited by press in Italy, Argentina, and Mexico as the economist who successfully forecast the financial crisis of 2007–2009. Covering a press conference at the European Parliament in Strassbourg on December 17, 2008, Ivo Caizzi of the Italian newspaper Corriere della Sera referred to LaRouche as "the guru politician who, since the nineties, has announced the crash of speculative finances and the need for a New Bretton Woods."....
So, if we are willing to divorce ourselves of the man and his views, and focus on his financial acumen.....
This article appears in the July 31, 2009 issue of Executive Intelligence Review.
The Ultimate October Surprise
Lyndon LaRouche has issued a pointed warning: The final collapse of the entire global financial system is just months away, and the window is rapidly closing on the last, best opportunity to avert a global plunge into a Dark Age that will make Europe's plunge in the 14th Century seem mild by comparison.
By LaRouche's estimate, as things stand now, the close of the fiscal year, on Sept. 30, will mark the onset of a full-scale financial crash, by no later than mid-October, once the year-end figures have been presented, and the panic sets in. LaRouche has never been wrong in any of his long-range forecasts, and the last time he gave such a precise date for a financial shock, was in the Summer of 1987, when he warned that the financial bubble was going to burst sometime in October. He was right then, and he is right today.
Recent studies show that 48 U.S. states are fundamentally insolvent. While official unemployment is hovering just below 10%, in some former industrial states, like Michigan and Ohio, the figure is more than double that amount. Only 29% of the currently unemployed are receiving benefits, with 38 states behind, or unable to enroll the newly unemployed—because they have run out of money!
As a growing number of economists are coming to realize, LaRouche has been right: This is not a recession. It is not even a Great Depression. This is the collapse of the entire global dollar-based financial system. The insane policies of both the Bush and Obama administrations have created the greatest financial bubble in history, through the $24 trillion bailout of the banks and insurance companies. We are on the verge of Weimar hyperinflation on a global scale.
Had Congress the guts to act, when LaRouche first warned that the collapse was on, in his now-famous July 25, 2007 webcast, the system could have been reformed. LaRouche spelled out the precise steps that could have been taken then, in his Homeowners and Bank Protection Act (HBPA). State legislatures and city councils around the United States endorsed the HBPA at the time, but no action was forthcoming from Washington.
No reform of the system is possible. The entire system must be put through bankruptcy reorganization. Nothing else will work, and time is running out. Unless emergency action is taken by the second week in October, mankind is facing a living Hell, in which world population will rapidly plunge—through disease, famine, and the chaos of regional wars—to below 2 billion people.
What is to be done? The first step is to deliver a crushing defeat to President Obama's and his economic team's prescription for a Nazi-modeled euthanasia plan, dubbed "health-care reform." By defeating this genocidal scheme, the opportunity will arise to purge this new administration of the likes of Larry Summers, Tim Geithner, Peter Orszag, and the rest of the behavioral economists behind this Hitlerian scheme to declare whole segments of the population—starting with the elderly and the chronically ill—as what Hitler called "lives not worthy of living."
On the basis of that defeat, a new team of economists, grounded in the reality of this existential crisis, can be brought in. LaRouche has spelled out how to put the current system through bankruptcy reorganization, and to reconstitute the kind of credit system conceived by Benjamin Franklin and his brilliant protégé Alexander Hamilton.
It's either LaRouche's solution or a Dark Age. You decide.
2. On the other hand, here is another, similar but more balanced view, by Martin Weiss.
I like Martin Weiss, to my opinion he is a very smart, learned and sound investing advisor, although he does like to sell his ware, I must say.
And here is what Weiss's Safe Money Report had to say today: for full information, please refer to his newsletters. M. Weiss sees a few more months until the whole thing unravels once more. Unlike Larouche, however, he is a very circumspect thinker, and has reasons for his claims. He is a PROFESSIONAL, not a DEMAGOGUE.
Still, it seems that both agree that a major downturn is still in the making, whether in one or two months, or whether in one or two quarters.
You be the judge.
"....First and foremost, the federal government is deeper in debt than ever. Washington now owes $15 trillion. Worse, it's adding as much as $2 trillion to the national debt this year alone and pushing new spending bills that, if passed, will make these record-shattering deficits even worse.
Second, toxic assets are still piling up in the U.S. banking system. Three new waves of defaults in adjustable-rate mortgages — each larger than the previous one — are still bearing down on us.
Third, unemployment is approaching depression-era levels and still rising.
Fourth, corporate and personal bankruptcies are off the charts and also still rising.
Fifth, the finances of our state and local governments are still a mess. Their tax revenues are plunging. Their costs to fund social safety nets are surging. Their deficits are exploding.
All of these very dangerous fundamentals are still in place, just as we've told you. But two forces have been introduced into the mix.
Force#1 is a short-term shift in investor psychology: Washington has been able to temporarily tamp down the FEAR on Wall Street.
It took a heck of a lot more money than they had imagined would ever be needed — trillions in spending and lending, trillions more in guarantees. And while none of this does a single thing to correct the nation's underlying problems with excess debt, they have had a positive impact on investor confidence — for now.
For now at least, they have been able to smother the fires that just a few months ago were burning out of control.
At the same time, they have convinced many investors to resume taking RISK. And in the case of some major investors, like big investment banks, we see more risk-taking now than at any time in history.
Goldman Sachs is a prime example. Emboldened by the belief that big banks are "too big to fail" — Goldman is now taking double the risk it was taking before this crisis began.
In short, although our leaders have done virtually nothing to solve the fundamental problems that caused this crisis, Washington does seem to have bought some time.
How much time? That remains to be seen.
But for some clues, we've taken a closer look at Japan's "lost decade" of the 1990s....."
Comment:
bill says:
This will directly impact world politics and the Jews.
The Government is already working to demonize us here in the U.S. to prepare for scapegoating us as the cause of the crash, diverting attention away from the real criminals.
This is classic technique.
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