Collapse 09 – Making Sense Of The Situation & Navigating The Financial Markets
Posted by drylightning on May 28, 2009
So what comes next?
One the one hand there’s an amazing (in the circumstances) rally going on in the stock market. On the other hand, it’s hard to find good news out there, based on the traditional financial reference model.
The rescue plan appears to involve:
- lots of hot air from politicians (a traditional recipe)
- printing money
- racking up massive debts
- continued ruinous spending on war, e.g. by sending more troops to Afghanistan
There is an excellent article below from GEAB – GlobalEurope Anticipation Bulletin. (find out about GEANB here http://www.leap2020.eu/Everything-you-wanted-to-know-about-GEAB_r28.html)
It asserts that the traditional economic / financial framework is broken, but that the participants (i.e. governments, bankers, the “markets”, the general population) have not woken up to this yet. As a result they are trying to steer the (financial/economic) ship with broken instruments, but they don’t realize (or won’t admit) that they don’t really have a clue where they’re heading . . . probably onto the rocks.
“… our team today believes that the end of Spring 2009is characterized by the world’s final stepping out of the referential framework used for sixty years by global economic, financial and political players in making their decisions, in particular of its “simplified” version massively used since the fall of the communist bloc in 1989 (when the referential framework became exclusively US-centric).
In practical terms, this means that the indicators that everyone is accustomed to use for investment decisions, profitability, location, partnership, etc … have become obsolete and that it is now necessary to find new relevant indicators to avoid making disastrous decisions.”
The full article summary is here http://www.leap2020.eu/GEAB-N-35-is-available!-Global-systemic-crisis-June-2009-When-the-world-steps-out-of-a-sixty-year-old-referential_a3248.html
How To Deal With This?
Most of us are creatures of habit. It’ s incredibly hard to break out of a normal social routine, especially if you have a family, job, mortgage etc.
You can start to read and prepare yourself. See also:
- actions you can take on this site.
- the excellent summary written by Dmitry Orlov of his experiences of living in the Soviet Union durin gits collapse http://possiblefuture.wordpress.com/2009/05/25/social-collapse-best-practices/
Other Random Snippets
- In the last year home prices fell 35% in San Francisco, 30% in San Jose and 27% in San Diego, according to Radar Logic. You can easily find other real estate tracking sites which show declines averaging around 50%.
- Tent cities of displaced homeowners have sprung up in California’s Central Valley–even in the capital, Sacramento.
- Check out the video below (location is http://www.youtube.com/watch?v=9nJ7LM3iyNg) from Gerald Celente, a well known and often accurate forecaster with his own site at http://www.trendsresearch.com/
