Will the stock market hold...or is the bubble ready to burst?

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Originally Posted by killersheep

Seems to me that learning Mandarin might be a good skill to have along with my gardening.

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Yup, then you can start a new business serving chopsueys to our new masters.

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Originally Posted by pacfan

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Originally Posted by killersheep

Seems to me that learning Mandarin might be a good skill to have along with my gardening.

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Yup, then you can start a new business serving chopsueys to our new masters.

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Well since they will probably read this, I would like to say I for one welcome our new overlords.

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Originally Posted by pacfan

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Originally Posted by Kirkland Laing

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Originally Posted by pacfan

National debt would be a big problem after this mess because most of the bailout funds, which will easily run into trillions when it's done with, will be financed through it. What worries me most is that if, that's a big if, things gets really bad, the US will be forced to beg for funds from the dollar treasure trove of China, Japan and other countries, which will dramatically alter the financial balance of power of the world. This could be the unexpected part of the NWO. Another problem will be that US might be forced to leave Iraq prematurely, leaving it into a chaos, due of lack of funds.

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The US has already been borrowing three billion dollars a day from mainly Asia for well over half a decade now. China is already America's reserve banker. The balance of power is already altered. The US national debt stands no chance of being paid down for some considerable time. Iraq is already chaos. An ungrateful volcano.


And I'm not gloomy, just realistic. Remember six months ago when I realistically told you the world was headed for financial meltdown and you told me I was being gloomy? Not gloomy, realistic. And Infallible of course. Over the past year and a half, the greatest crisis of my and other generations, I've been right to the point of Infallibility over what's going to happen, from predicting before the first signs of the crisis that subprime debt would tip the whole massively-levered applecart over up to predicting a few days ago the nationalisation programme. It's not a good idea to bet against me right now. :)

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Yup, the Asians have been gobbling up the US debt notes, but not yet enough to be held hostage by them. But if this crisis goes really bad, then the US might be at the mercy of them. Imagine China dictating to them what to do. Or am I imaginining things here?

Nope, I never bet against anyone who's infallible...
...certainly not against anyone who claims to be one - that's like jumping in a deep blue sea.;)

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China literally own US mortgage papers. I wouldn't say they're dictating things but they've got a big say in what's going to happen from now on. The global financial system will need a lot of Chinese money over the next few years to get out of its current hole. money from other economic surplus countries and sovereign wealth funds too. So they're like the guy who holds our mortgage papers. Hopefully they won't start setting our interest rates.

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Originally Posted by killersheep

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Originally Posted by pacfan

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Originally Posted by killersheep

Seems to me that learning Mandarin might be a good skill to have along with my gardening.

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Yup, then you can start a new business serving chopsueys to our new masters.

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Well since they will probably read this, I would like to say I for one welcome our new overlords.

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;D;D;D

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Now that the bubble has started to burst and is still bursting, the question is, will the economy also collapse? That is the question.

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Originally Posted by Kirkland Laing

China literally own US mortgage papers. I wouldn't say they're dictating things but they've got a big say in what's going to happen from now on. The global financial system will need a lot of Chinese money over the next few years to get out of its current hole. money from other economic surplus countries and sovereign wealth funds too. So they're like the guy who holds our mortgage papers. Hopefully they won't start setting our interest rates.

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Reminds me of US before WWI. After financing the allies during the war, they became the sole superpower overnight, so to speak. Can this happen to China. Are we seeing a major shift in the global balance of power. Is the US on the decline as some have been theorizing.

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Originally Posted by pacfan

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Originally Posted by Kirkland Laing

China literally own US mortgage papers. I wouldn't say they're dictating things but they've got a big say in what's going to happen from now on. The global financial system will need a lot of Chinese money over the next few years to get out of its current hole. money from other economic surplus countries and sovereign wealth funds too. So they're like the guy who holds our mortgage papers. Hopefully they won't start setting our interest rates.

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Reminds me of US before WWI. After financing the allies during the war, they became the sole superpower overnight, so to speak. Can this happen to China. Are we seeing a major shift in the global balance of power. Is the US on the decline as some have been theorizing.

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The US is now in a similar position to Britain at the beginning of last century. It's eminently possible that this crisis could turn into the equivalent of WW1. A lot of banks are going to go bust round the world and there'll be some very big ones to go. Which country is the thing and does the country have the wherewithall to bail the bank out or will it take the country down? Even my Infallibility can't look at banks' balance sheets so we just have to wait and see.

Every major bank in every major economy is now bankrupt. Things are going to get very bad indeed. A global Depression is now the best-case scenario. Things will get so bad this year that even Lyle will begin to show concern.