muses of the moment

November 30, 2009

Holiday crash update

Max has a good video sum-up of the Thanksgiving Dubai announcement. Click here.

The Dubai government has announced that they will set up a fund to help the Dubai company. This is a distraction. They will use this fund to do just what Max says…..sell assets cheap to insider investors and let the debt implode and all the world-wide credit derivatives associated with these investments die a slow death.

Another opinion from Jim Sinclair’s website….click here.

The most interesting part of this announcement…..timing. Wednesday night was the beginning of a US holiday, and thus most of the global trading volume was low. It was also a regional holiday so the people were distracted as well. The censorship of US and EU newspapers in Dubai over the holiday is also interesting.

This is part of the greatest wealth transfer in history. Implode the indebted investment, screw the investor, buy the real assets cheap. This pattern will continue until the global debt to asset ratio is sustainable again. Look for more of the same.

When it is all over, the very rich will be ultra rich and the rest will be poor. The US will be bankrupt. This will happen in your lifetime, probably within a decade. This will not be announced, there will be no national warning. It will not be covered by the media, it will be denied. Disinformation and distraction will be the core of the news hour.

Protect your investments and savings now, if you have not already done so.

Side musing: Martin Armstrong’s fight, click here. Warren Pollock’s thoughts on Martin Armstrong’s situation and other thoughts (take from it what you will). Click here.

Side musing update: Monday afternoon, November 30, 2009: it looks like the email/fax/attorney campaign worked. Martin Armstrong will not be moved to another prison at this time. Click here for the latest update.

 

2 Comments »

  1. I am not a very proactive guy, but i live in ron paul’s district. So I started calling his offices and emailing them. I asked them if they had ever heard of Martin Armstrong. They said they had not, but after giving them my best heart wrenching story etc.. I could tell they had and I could tell they were working on it. It was very interesting.

    I feel overjoyed that he will not have to be moved:)

    Big Smile great work everyone.

    Comment by mad max — November 30, 2009 @ 8:54 pm

  2. Sometimes making alot of noise works well. Agreed, nice work everyone.

    Comment by totallygroovygirlfriday — December 1, 2009 @ 7:04 am


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