Subprime Eastern Europe to Bankrupt Western European Banks

Ilyan | 05.03.2009 08:55 | Analysis | Sheffield | World

Who are these Sheffield people?

http://www.marketoracle.co.uk/

Are they an undercover Earth First! Primitivist organisation trying to collapse Industrial Civilisation, or are they a Hedge fund that has taken a very Short position in the Market?

If the latter, how can they profit? Gordon Brown's and the Treasury's stupidity bankrupting the Nation to save criminally mismanaged Banks, and their present Hyperinflation money printing ideas removes all possibility of rationally coping with the coming Depression.

The enormous paper profit from cashing in a big Stock Market Short will be valueless when it all has to be spent buying one loaf of bread.

All politicians are equally guilty. they have destroyed the basis of our Society. What sort of Society will evolve after they have all been strung up during the breakdown?

That is a slightly false question, the probability is that industrialisation has already produced enough pollution to terminate all Life on Earth. Whatever Society evolves is unlikely to last long on this planet. "The Negative Outcome of Economics"

Ilyan
e-mail: ......thomasatvirgin.net

Comments

Hide the following 3 comments

Can India follow China?

05.03.2009 09:25

http://www.marketoracle.co.uk/Article9143.html shows that the Stock Market appreciates that China's US$ holding could enable them to develop their internal Market to restart their industries.

there may be no stopping pollution accelerations.

Ilyan

Sound Advice

05.03.2009 16:14

If half of what those people are saying is right we are in for real trouble. Stock up with what you need now. Or is this hyperinflation a scam got up to make you spend your money now to restore Brown's Capitalist Economy?

The key message in the URLis the Governments are no longer financially stable and will be unable to pay their debts. It is pointless to buy index-linked gilts of Savings Certificates because the Government is bound to default on its debts.
.
Spend all your money on enough drink to kill you. Stock up wiyth enogh to do it many times over, if you decide not to it will be a good barter item..

Sobersides

Delay Drinking time a little.

05.03.2009 18:12

Was Sobersider sober when writing that last paragraph? The advice is reasonably sound, but why boost the Government tax take?

A better investment would be to buy jars and airlocks and lots of sugar and start brewing your own. A Tokay yeast will give a little more alcohol before it stops working.

While it is true that Governments are likely to default on their index linked stocks, it is quite certain that money in Premium Bonds will be inflated to near valueless once the Government starts printing money, so Premium Bonds should be your first spending source.

But does no one know what sort of people are putting out that MarketOracle?

On the Telly today after the Brown and King interst rate cut and print money run was announced, a saver said: "Spend the lot and claim off the Government."

It is not just the Commercial Bankers who have been criminally negligent it is Brown and King and many of their predecessors.