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[b]BR wrote:[/b]
[quote]LOL  I did not predict Obama would be assassinated. There was a video on You Tube which I drew people's attention towards about a little boy in South America who had done so.

The CRASH I did predict correctly for last October and the new one has started - this is not rocket science - the signs are there and anyone can predict this !!!

Today DUBAI shares have already lost another 6% - so that is another Crash ( two days in a row )  The big markets are being propped up with funny money - but Banks like Lloyds are trading far below their 12 month highs ( click on BBC Business site and do a search on Lloyds or Nat West )

With December being notoriously slow for financial news probably the main pain of this second crash will come in January - March when it feeds through from last weeks events.   Expect many more retailers to go under in January and banks to foreclose on many businesses in order to stem losses so that they can stem the Dubai losses and re-balance their balance sheets.

I would love to be able to say there will be a recovery at some point in 2010 - but I can only see things either staying the same or getting worse next year.  2011 if the TORIES get in may be better......but I wont put any money on it.....the 2012 Olympic effect may lift the mood.....or not. 2013 will see the first real signs of growth and we will get back to where we were in 2006 in about 2016. Thus there will have been a TEN YEAR depression. The longest since the 1929 - 1940 one.

Paying off debt is the way to do things at the moment if anyone has any spare money. If there is no debt then investing in things which will hold or increase their value is better than savings which are running below the rate of inflation so are losing money.[/quote]

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Topic History of: SECOND CRASH : Signs are now with us
Max. showing the last 5 posts - (Last post first)

Author	Message
BR	LOL I did not predict Obama would be assassinated. There was a video on You Tube which I drew people's attention towards about a little boy in South America who had done so. The CRASH I did predict correctly for last October and the new one has started - this is not rocket science - the signs are there and anyone can predict this !!! Today DUBAI shares have already lost another 6% - so that is another Crash ( two days in a row ) The big markets are being propped up with funny money - but Banks like Lloyds are trading far below their 12 month highs ( click on BBC Business site and do a search on Lloyds or Nat West ) With December being notoriously slow for financial news probably the main pain of this second crash will come in January - March when it feeds through from last weeks events. Expect many more retailers to go under in January and banks to foreclose on many businesses in order to stem losses so that they can stem the Dubai losses and re-balance their balance sheets. I would love to be able to say there will be a recovery at some point in 2010 - but I can only see things either staying the same or getting worse next year. 2011 if the TORIES get in may be better......but I wont put any money on it.....the 2012 Olympic effect may lift the mood.....or not. 2013 will see the first real signs of growth and we will get back to where we were in 2006 in about 2016. Thus there will have been a TEN YEAR depression. The longest since the 1929 - 1940 one. Paying off debt is the way to do things at the moment if anyone has any spare money. If there is no debt then investing in things which will hold or increase their value is better than savings which are running below the rate of inflation so are losing money.
JimmyB	Hmm, isn't this the same "BR" that was merrily predicting a global meltdown along with an assassination attempt on Barak Obama around October 25th and informed this board that he was ready to sit back and watch it happen. How is that working out for you BR? Or is it October next year that this is all supposed to happen?
BR	The stock markets are not recovering at all. They are still well below where they were over a year ago and that is despite in the UK £150 billion of QE money being pumped in. I have not read any conspiracy theories about any of this and posted my posts before even the press was reporting on these events. They are my own views based on working in Government finance in the early 1990s and having been trained in how these finance systems work and operate ( The flow diagrams were a joy to learn ). What has happened is that the Banks have over-reached themselves Worldwide with investment. At the moment they are suffering massive losses because of a) Property( Sub prime ) and the b) commercial property is beginning to feed into this ( Dubai included ) the c) part of the whammy is the Derivatives Problem ( There are QUADRILLIONS of losses in this sector which are being kept off the balance sheets at the moment but have to hit the fan at some point ) Basically there is not enough money in the World to cover the "gambling debts" of the banks of the UK and USA. Each bank is probably about £500 billion to £2 Trillion in debt. This cant be covered by Government - so they do so only when they have to bail out individual banks via their asset scheme. It is like you or me moving around the same money each month to cover several credit cards......we are never actually paying off the debt - and we cant even really afford to cover the debts. We just take out another credit card each month to cover the shortfall. It is possible to run up hundreds of thousands of personal debt this way - but eventually the house of cards collapses. The Banks are just doing this on a massive scale. Have you ever wondered where the UK PLC makes its money ? we have virtually no industries left and our main utilities are owned by foreign companies. Basically we have built the last 20 years on "illusory" money - "interest" on other people's work. Now that bubble has burst the UK is bankrupt. We keep printing our own money to keep the illusion going in the UK - and the BBC continues to pretend everything is OK and anyone who says otherwise is a Conspriacy Theorist......ahem. What does you area make and sell ? not alot I would expect to keep everyone in the standard to which they are accustomed. The Public Sector employs most people pushing paper - and 2/5 of everyone dont work because of unemployment or disability. The UK is over as a financial power - our only way is to charge more interest on our loans to other countries......making us less competitive. This is only a short term fix. In the next 5 years it will all come down around our ears - regardless of which party is in power - ONLY A MAJOR WAR can stop this.
Innocent Accused	BR wrote: Just warning everyone that sadly BROWN speaks with forked tongue. As everyone rushes out to spend money again that they dont have in order to have a fantastic Christmas for nearly 10 million UK people who are out of full time work ( That is 2 in 5 of the adult working population ) they know that things are bad. For those still in work their jobs are literally hanging by a thread. I predicted the fall in Stock Markets and that the Bank of England would throw billions into the Market today to stabilise it - as well as 42 billion to bail out RBS again. The press dont cover this stuff. They are trying ( understandably ) to talk up things. I prefer realism. We are in the beginnings of a possible 10 year Worldwide depression - we are only 18 months into that depression. Therefore, talking things up is irresponsible at this stage. It did not work in the 1930s and it will not work now. In the 1930s it led to a World War and Fascism. I would hope that being realistic this time as individuals and a country we can avoid history repeating itself. Actually the stock markets have been recovering today.The economies are not going to collapse,just some necessary readjustments from previous gains. The oil price drop will actually benefit most of us. Again have a think about your comments,you're a nice guy,spread some joy,not every half baked conspiracy found lying around the net. I've made my point,so will not be adding to this regardless of future comments.
BR	Just warning everyone that sadly BROWN speaks with forked tongue. As everyone rushes out to spend money again that they dont have in order to have a fantastic Christmas for nearly 10 million UK people who are out of full time work ( That is 2 in 5 of the adult working population ) they know that things are bad. For those still in work their jobs are literally hanging by a thread. I predicted the fall in Stock Markets and that the Bank of England would throw billions into the Market today to stabilise it - as well as 42 billion to bail out RBS again. The press dont cover this stuff. They are trying ( understandably ) to talk up things. I prefer realism. We are in the beginnings of a possible 10 year Worldwide depression - we are only 18 months into that depression. Therefore, talking things up is irresponsible at this stage. It did not work in the 1930s and it will not work now. In the 1930s it led to a World War and Fascism. I would hope that being realistic this time as individuals and a country we can avoid history repeating itself.