Ominous Endgame Prophecy

[Ferru123]

http://www.michaelcovel.com/2012/05/31/ ... -prophecy/

There's an interesting chart on page 13, which shows that Debt:GDP ratios of some of the world's leading economies (with Britain topping the list).

Jeff

[lilgreenback]

Not really a response to your post but liked the title...especially in view of the latest "Banking Scandal" regarding the manipulation of the LIBOR rates by Barclay's, soon to be followed by other Banks.

I was just wondering if the American's are going to have a close look at Bob Diamond's corporate responsibilities and if so would it be a good idea for Bob to join Julian Assange in the Equadorian Embassy and request a long holiday in the Galapagos . AS he could end up with 20 years if the American's decide put him away.

Not sure I understand the full implications of this scandal but if they have been manipulating the markets or interbank transactions and all have been culpable then this would make previous scandals like PPI as peanuts. What are others opinions of this as I take more heed of what you guys say than Robert Peston

[Euler]

If you look outside of banking and the fractional reserve system, the economy is generally humming along. People are doing things, buying things etc. What it lacks is a does of confidence, there is little net investment in the system. The world would look very different if politicians bit the bullet and really went for it. Predominantly, European politicians.

The money is just not circulating through the system and no amount of propping it up is going to get it moving again. I think we need to step right onto the edge before we get decisive action. Unfortunately the general populace doesn't seem to think reducing future liabilities is an acceptable way forward, they may have to be forced to accept this.

[switesh]

What it lacks is a does of confidence, there is little net investment in the system.

Absolutely True, even here in Australia households and businesses are rushing to "safe-haven" bank deposits due to concerns over Europe's debt.

There's more savings, less (newer) investments, less spending's and drop in loan demands and approvals; hence Less Money in Circulation. Good indication of lack of confidence as you pointed out.

[dupko]

If you look outside of banking and the fractional reserve system, the economy is generally humming along. People are doing things, buying things etc. What it lacks is a does of confidence, there is little net investment in the system. The world would look very different if politicians bit the bullet and really went for it. Predominantly, European politicians.

The money is just not circulating through the system and no amount of propping it up is going to get it moving again. I think we need to step right onto the edge before we get decisive action. Unfortunately the general populace doesn't seem to think reducing future liabilities is an acceptable way forward, they may have to be forced to accept this.

Thats true,we have to work on this.



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