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Why the Coming World Wide Crash Will Be Worse Than Great Depression
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08-29-2008, 05:05 AM
Post: #1
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Why the Coming World Wide Crash Will Be Worse Than Great Depression
Why the coming Economic Crash is going to be world wide, and worse than the great depression...
It is strongly advised in all the hub-bub and posting to take the time to read this and let the reality of it sink in. http://www.scribd.com/doc/5271963/Credit-Crises-II A theme now arises where it is becoming apparent that it is impossible to actually purge the escalating losses from the financial system, and that even big public bailouts dont purge the losses because of interlinkages between stocks, bonds and derivatives. If one class or institution is bailed out, the losses of capital merely move to the other class. And the losses are clearly so huge as of now, that they weigh on the currencies themselves and cause a fall in their exchange rates. |
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