Did You Ever Think A Financial Crisis Would Feel Like This?
By Vadim Pokhlebkin
Fri, 29 Aug 2008 11:00:00 ET
http://www.elliottwave.com/freeupdates/archives/2008/08/29/
Did-You-Ever-Think-A-Financial-Crisis-Would-Feel-Like-This.aspx
The credit crunch has already been more damaging than any of the financial crises of the past two decades.
But it's amazing how fast the seeming normalcy of our present situation disappears once you scratch the surface. Just try typing "great depression" into Google News. Then, you get:
"Slowdown echoes Great Depression, says Bank's deputy chief."
"S&P on track for 4th-most volatile year since Great Depression."
"...the US housing market currently suffering the worst downturn since the Great Depression."
And these are just the most recent news reports. On top of that, take a look at this chart The Economist published in its May 15 article, "Paradise lost":
http://www.economist.com/specialreports/displayStory.cfm?story_id=11325347
It's a real eye-opener, isn't it: Through April of this year, the credit crunch had already caused more monetary harm than any of the notable financial crises of the past two decades, including the proverbial stock market crash of 1987 and the dotcom bubble!
One estimate for the damage from the ongoing liquidity crisis says that, "The global financial crisis could lead to losses of 1,600 billion dollars for financial institutes." (SonntagsZeitung)
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Wednesday, September 3, 2008
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