Antipodean59's Blog

Restored New Testament Christianity

Archive for the category “Cash crisis”

Perhaps you haven’t heard – pay attention

Many political and gambling economists are toying with this bailout, that stimulus but here is a dose of reality from a frank and brutally honest financial trader who was recently interviewed on BBC Tv. Take note, just as I mentioned a day or two ago the world’s economy is going to change and people around the world are going to lose heaps and heaps of their savings next year.

View and weep.

Graham

China is in real financial trouble

It’s not before time – the Chinese financial situation looks like it is near a bubble burst. Bring it on and correct their under valued currency.

On how a Chinese property bubble will play out: 

“I think that will be the surprise going into this year, and into 2012 – that it is not so strong. The property market is hitting the wall right now and things are decelerating. The CEO of Komatsu said last week that he is having trouble getting paid for his excavator sales in China. Developers are being squeezed. They’re turning to the black market for lending, this shadow banking system that is growing by leaps and bounds like everything in China.

“Regulators over there are really trying to get their hands around the problem. In the meantime, local governments have every incentive to just keep the game going. So they will continue with these projects, continuing to borrow as the central government tries to rein it in.”

Read The Market Oracle‘s latest article.

Is the end nigh for the US dollar as the world’s reserve currency?

Many are concerned that moves are afoot to collapse the world’s economy late 2012 in order to bring in a new global currency. The Reserve Bank of New Zealand have issued a paper inviting submissions that will accommodate this desire. It will be similar for other countries’ reserve banks, I am sure.
Here is the prediction that some are making and with the way the world’s economies are faltering even as I write this that means I am inclined to believe it. The prediction is that on October 19, 2012 there will be a world wide stock-market collapse that will be so severe that banks will be forced to close which, in turn, will induce a cash crisis. Cash will be worthless. To the supposed rescue will come forth the United Nations which will offer the solution of a Global Currency. If you think George Soros is going to get even more wealthy, you are right on. For more information, take it or leave it, go to December 21st the prediction

Graham

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