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  • Six Signs Economy Is Turning the Corner [View article]
    Let me give you a hint, the global financial system is not only not bankrupt, the term doesn't even make sense.


    On Jul 19 02:28 PM Did U Think The Ponzi Scheme Would Last? wrote:

    > I'm going to let you in on a little secret. The global financial
    > system is bankrupt. In addition, when you talk about taxpayers paying
    > for this or that bail out you are badly mistaken since our government
    > has no money and neither do taxpayers. No, the bailouts are not
    > being paid for they are being financed with more debt. This debt
    > absolutely ensures that the US is a debt slave going forward and
    > thus cannot recover. This is a debt death spiral.
    >
    > Let me give you another hint. The trend for the markets and the
    > economy is still down. This is but a monster sucker's rally within
    > the broader meltdown but within 2-3 months the meltdown will resume.
    > Elliott wave followers call this rally Primary 2 and they predicted
    > it would happen in advance and then called the start of it nearly
    > to the day. Folks like Prechter said it would be the biggest rally
    > of the meltdown yet and that it would fool many sheeple into believing
    > the meltdown was over. In reading your post I guess he was right
    > again.
    >
    > After Primary 2 ends will come Primary 3 - a massive collapse which
    > will lead to lower lows. It will occur because the debt that has
    > already gone bad and yet has been hidden on bank balance sheets will
    > begin to stink so badly that no amount of kitty litter will cover
    > it up. Once the stench becomes unmaskable then the truth will come
    > out and it will crash the system. Again, the debt is already bad
    > its just that accounting tricks have been allowed to cover it up
    > and kick the can down the road. But you can't fool all the sheeple
    > all the time and sheeple are beginning to awaken.
    >
    > Just remember back to the crash of 29-32 and all the times that people
    > thought it was bottoming and turning around. Each time they were
    > wrong.
    >
    > Welcome to the great depression of 2009.
    Jul 19 23:11 pm |Rating: 0 -1 |Link to Comment
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