muses of the moment

March 8, 2010

Misc. news impacting your future

Groovygirl thought she would just compile some news items. Big Media is getting more and more pessimistic. They don’t want to get caught with their pants down this time around. They still haven’t clued in that this is permanent.

Chris Martenson’s latest summary. You have to pay for the detail, but here is the bullet point version with groovygirl’s focus in bolded type.

Nowhere To Run – A Monetary Crisis
Saturday, March 6, 2010
Executive Summary
Nations around the world are insolvent and on their way to bankruptcy, a fiscal crisis, a currency crisis, or all three.
World markets are currently interlocked to a troubling degree.
A falling currency is always a cross-border event.
The German DAX, the Dow Jones, and the FTSE 100 charts are nearly indistinguishable.
A bigger trigger than Greece will be needed to set off the next round of global trouble. (But Greece could set up the trigger (s).
The UK is a highly qualified candidate for that role; Japan is also a likely possibility.
Expect the unexpected.  The future is going to change suddenly and rapidly.

What is the Shadow Banking System and what does that have to do with my money? Click here.

Pension Funds buying failed banks. This will end well… here.

Yes, the US does have an export economy….fraud. Click here.

This will kill ebay and paypal. Look for alteratives. Click here.

A longer paper…Empires on the Edge of Chaos. Welcome to the real world. Click here.

The longer we wait for the next implosion, the worse it will be. Are your investments protected? I hate to break this to you, but you are in the middle of the second Great (or Greater) Depression, but no one wants to say it. It will be at least 10 years long, maybe longer, and it will wipe out the retirement funds of every one in the middle class. Understand this paradigm shift and organize your affairs accordingly. Within 15 years, there will be poor and rich and nothing else. It will be global.

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