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Topic History of: Worldwide Credit Crash - Oct 7th ?
Max. showing the last 5 posts - (Last post first)
Author Message
BR Today we are seeing the cracks appear.

As I said - the BAILOUT was a last payout to the greedy bankers before the crash.

Economists have predicted this for years because of the ridiculous amount of debt being taken on by banks. This article was written in 2004.
www.rense.com/general80/protc.htm

I dont want to be alarmist but I do suggest that we all take steps to ensure the safety of our cash / investments / savings / before tomorrow comes.

When the crash happened in 1929 it started in one day ( October 7 this time ? ) and took a week for everything to collapse. We are in a worse position this time - BROWN cant be blamed - it is too big a crisis.

Iceland has just closed its market - the rest of the world is seeing 4% drops despite Governments pumping money in ( real drops would be around 8% otherwise ) the governments will run out of money soon so I fear it is all over bar the shouting.

Experts are saying "sell sell sell" Reinhart inUSA and BBC are saying people are "cutting and running"

The DOW opens in 20 mins. Unless something massive happens to stop this crash it is going to happen.
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