The Economic Crisis (The Fall of America & the Western World)

[brocktonblockbust]

[Gandalf]

We are almost due another 'crisis' and next to nothing was done to criminalise those who did it the last time. It has to be within the next couple of years, it usually runs in these cycles. Logically, you cannot blame them for trying it again. I guess in the West they know that people are largely put in their place through very effective police bullying and have their secret services all over the place. Nobody has a hope of drinking from the same trough as the governments are largely bought off by the banking cartels.

[Kirkland Laing]

You've got to get a bubble going before you can have it collapse. Right now we only have various financial market bubbles going on and provided the real economy doesn't collapse they're not even bubbles. What we had in 2008 was a bubble bubble that included all classes via their houses and their personaldebt. Fianancial markets fucking up doesn't have the same effect as it's only top one percenters who (temporarily) lose serious dough.

I watched the video for six seconds till I saw David Icke and then cut it. If somebody wants to paraphrase what the barking loonies on it are saying I'll offer a critique.

[VictorCharlie]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

[brocktonblockbust]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

[Kirkland Laing]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

no question the BOND MARKET IS ABOUT TO COLLAPSE IN BLACK FLAMES OF HATRED

Which bond market? All bonds of just US bonds? And why?

[Kirkland Laing]

Kirk,

Do you think there is a bond bubble? If so do you think it is a "bubble bubble"?

While the economy is as depressed as it is there isn't a bubble. Once things pick up a bit rates will increase and people will scream "there was a bubble!*" but it's hard to see any kind of sustained global recovery that will give the US government serious problems selling their bonds or paying interest on their debt and they've ended the domestic budget deficit problem now so there's no upward pressure on rates from that angle anymore. Since 2008 rates have gone up when markets are feeling like things are going well. Rates have tumbled back down to historic lows when there's been bad news, and there's lots more bad news to come globally over the next few years.


*


As you can see rates have been on a downward leg for a long time now. This mainly represnts the fact that there aren't many good investment opportunities for capital worldwide so all that capital is being parked in bond markets. And we're npot going to see better investment opportunities while demand in wealthy countries remains suppressed, and it'll largely remain suppressed until there's a more equitable distribution of wealth within those exconomies.