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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (113868)	10/19/2015 12:32:15 AM
From: Elroy Jetson	1 Recommendation Recommended By elmatador Read Replies (1) \| Respond to of 219848

Honestly the economic depression should have been triggered by the Asia Crisis of 1997. But Alan Greenspan at the central bank in cooperation with the Chinese central bank decided to rev-up the monetary engines and effectively postpone the depression by "being the locomotives" to pull Asia out of the crisis. Better to have taken the deleveraging of 1997 on time. But these imbalances weren't fully addressed then, so they are now. - money.cnn.com But with the tech bubble already burst, 9/11 ushered in the now larger economic depression. Lo and behold this event panicked the U.S. President and the Fed so much here and their counter-parts abroad that they decided to wipe out the banking system with a real estate bubble. There was a one-for-one correlation between nations which participated in the War to destabilize Iraq and these same nations all created a real estate bubble in their country with loose undocumented credit. It was a deliberate policy. So 1997 got postponed to 2001, which got magnified and postponed to 2006 with the entire system collapsing in 2008.