If You Thought The Sub Prime Mortgage Debacle Was Bad

Discussion in 'Economy' started by bitterlyclingin, Oct 28, 2011.

  1. bitterlyclingin
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    bitterlyclingin Silver Member

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    (This will make the September, 2008 financial implosion and banking in the United States look like a Sunday afternoon walk in the park. The Orwellian building of cities that no one inhabits should be an open invitation for a George Soros type raid, but this is the type of open society that Mr Soros favors.)

    "They will not have China to bail them out:

    For so long we have heard nothing but how the Chinese were doing things right. Hundred of millions rising up out of poverty. News cars replacing bicycles on the streets of Beijing. An economy that could not be stopped, which grew year after year after year by 10%+. But there is trouble"


    » When this bubble bursts - Le·gal In·sur·rec·tion
     
  2. william the wie
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    william the wie Gold Member

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    Sounds like about 5 GDPs in writedowns coming.
     

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