2009-08-10lewrockwell.com

" While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen."


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Comments:

tvsterling at 17:35 2009-08-09 said:
I had thought I was a voice crying in the wilderness. This writer believes like I do that this massive disruption, which is just now gathering steam, has the very real potential to start a third great war. The Great Depression spawned WWII & the current Whatever You Want To Call It is on track to make that look like a day at the beach. The economy is a minor consideration next to what a third world war could do. Then the Seventh Seal will be broken & nobody knows if there will be anything left to rise from the wreckage. Perhaps the UN could float a resolution that whatever happens no member nation will go to war over this; who knows it might help. Permalink
rocketrob at 19:04 2009-08-09 said:
always a great way to kick start the economy after massive looting... and thin out the herd! Permalink

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