Too Big To Fail Global Banks Collapse Between Now & First Quarter 2011 (real estate, credit)
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The 30 year Treasury auction didn't go so well..
The IMF just said if the countries go into more debt that it won't be so bad...
I think the global bankers are running dry here. And asset prices continue to fall which does not bode well for credit. I am surprised we've made it this far since 2007 when the cracks started showing.
I am surprised we've made it this far since 2007 when the cracks started showing.
Me too. We're just Wile E. Coyote gone off a cliff and still running as if he were still on terra firma. Once he looks down, it's all over.
It's called "momentum" and that's all that's underneath us, keeping us running. Laws of physics say even momentum runs out at a stated rate of decline. We're starting that slowing down seriously, now. Even so, it could take longer than any of us think. But it will happen!
The article is correct, the only thing to add is that the reason the shell game of transferring the toxic assets and cash back and forth will not work, is that it depends on the public eventually bailing them out by purchasing the toxic assets. This is not going to happen because one, the public is broke, unemployed, and the money is all concentrated at the top of the food chain. Two, the demographics of the population is such that their is little demand for the oversupply of real estate. They will therefore slowly bleed the American people dry, by increasing the size and power of government along with taxes in order to continually give away money to the banks in a program of government bank subsidies or as they like to call it QE.
Global Research is not a reputable source of information.
You might want to follow the trail to see who's bank-rolling them (I would tell you but that would take away all the fun).
If you cannot attack the message, attack the messenger. (Dirty Politics 101)
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