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Article- 10 year anniversary of the 2008 crash

Discussion in 'The Main Board' started by Atlas, Sep 5, 2018.

  1. Atlas

    Atlas Administrator Staff Member

    Mar 4, 2016
    Likes Received:
  2. twp

    twp Administrator Staff Member

    Jun 16, 2018
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    I think this says it all: from the article

    If you think corporations and consumers have been on debt binge, check out what the rest of the world has done since 2007. There should be no disagreement the global financial catastrophe of 2008/2009 was caused by excessive un-payable debt creation by global financial institutions in conspiracy with the Federal Reserve, Washington politicians, and corporate America. Trillions in faux wealth was obliterated in a matter of months. Rather than learn a useful lesson from this orgy gone wrong, the shadowy figures in smoky back rooms decided the solution was ramping debt to levels never imagined.

    We still have those Trillions of debt hanging over our heads and until that hammer falls, the world banks will keep playing the same song. Looking at the charts in this article, it shows a cyclic boom/bust pattern. But NOT a full collapse. Until that happens, "the band played on"...

    For this, we prep.
    Atlas likes this.