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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Thu Apr 17, 2008 3:37 am Post subject: The Real Reasons for the Credit Crisis |
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By: Clif_Droke
I've purposely kept my comments concerning the credit crisis at a minimum since it began dominating the daily news headline. My reasoning for this is because I knew the crisis was overblown and overstated in the press and that there had to be a very good reason for it. The only problem is I didn't know exactly what the reason was.
Time tells all, however, and I knew that sooner or later the truth must out!
One thing experience has taught is that every notable market crash, panic, bear market or financial crisis is the result of careful planning and forethought by the monetary authorities. With trillions of dollars at stake, nothing happens without their tacit or explicit approval and there is simply no such thing as a crisis that happens by “coincidence.” For happenstance to be allowed to run its course in with trillions in derivates out there would be certain death for the financial system. As the economist Dr. Stuart Crane was fond of saying, “Things [in the monetary world] don't just happen to happen. They happen because they were planned to happen.”
http://www.marketoracle.co.uk/Article4223.html |
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