All Posts Tagged With: "worldwide financial panic"

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Great Financial Panic 2008

What financial panic you might say? Hasn’t the recent Fed actions, lead by Helicopter Ben Bernanke, poured enough taxpayer money, pardon me, that is printing press generated US dollars, into the hands of his Wall Street buddies, to ware off any potential panic?

Nope, afraid not. While the government line may be coordinated with the talking heads on MBNC and elsewhere, as to that a crisis and panic has been adverted and that we no longer need to worry, I fear that the truth is that the financial meltdown has barely gotten started as the problems of over leveraging and the necessary deleveraging are still very much with us.

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25Apr2008 | taipan | 0 comments | Continued
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Worldwide Financial Panic of 2008

We are uncomfortably close to the beginning of the great worldwide financial panic of 2008. You had better buckle your seat belt, put on your crash helmet, and get ready for a bumpy, and for many, very unpleasant ride.

“We are going to see economic times the likes of which no living person has seen,” Trends Research Institute Director Gerald Celente said, forecasting a “Panic of 2008.”

“The bigger they are, the harder they’ll fall,” Celente said in an interview with New York’s Hudson Valley Business Journal.

Celente, who correctly forecast the subprime mortgage financial crisis and the dollar’s decline a year ago and gold’s current rise in May, told the newspaper that the subprime mortgage meltdown was just the first “small, high-risk segment of the market” to collapse.

This is a preview of Worldwide Financial Panic of 2008. Read the full post (476 words, 0 images, estimated 1:54 mins reading time)
19Mar2008 | taipan | 0 comments | Continued

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