Thursday, 23 May 2013
Censored by Huffington Post - the entire global financial system is currently built on nothing but sand
Posted on 00:37 by Unknown
It looks like the financial crisis is starting with the key reversals in the stock markets yesterday, during Ben Bernanke's speech.
America is just starting to enter recession (it probably started within the last week).
The Japanese Nikkei 225 was limit down overnight.
Central Bank policy in America and Japan is completely unsustainable.
This debt bubble is at least 20 to 30 times larger than the financial crisis of 2008.
France should be the next major shoe to drop in the Eurozone.
Most of the major French banks are insolvent - they loaned out too much money to Greece and Italy.
Before France hits the headlines we will probably hear stories of problems in Slovenia and Malta (within the next 3 months probably).
The entire global financial system is currently built on nothing but sand.
The above comment was censored by Huffington Post.
It was in response to this article about the UK.
http://www.huffingtonpost.co.uk/2013/05/22/george-osborne-economy-imf_n_3318716.html?utm_hp_ref=uk
Update
My comment was published after about 30 minutes held in pending.
There was no reason to hold it in pending at all.
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