World Financial System In A State Of Insolvency

Posted: February 21 2009

...the depression we are now in is stage 2,...

...2009 should begin more accelerated disintegration of the international financial system. 2009 could be the big year of the crash, but it will take a little longer we believe – perhaps 2010 or 2011 – we’ll see...

...This depression will be far worse than the “Great Depression.” ...

...Europeans do not think the crisis will be over anytime soon. They see no visible hope of leadership from the G7 or G20, and only 12% believe the US has a solution. Over 85% believe their political leadership does not reflect their views, expectations, nor a grasp of the crisis at hand. Only 39% believe interest rates should be reduced further. The political and financial interests in Europe are no more responsive than they are in the US. That means eventually the public will be forced to do something about it. That means Europe and Canada will have the same problems as the US. No one is going to escape this one.

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