Tag Archives: PIIGS

what if Money as such Disappeared

What if money as such disappeared? We’re on the verge of a general economic breakdown crisis and it’s in process now in the Eurozone and America.

Excerpts from Lyndon LaRouche discussion June 16, 2012 on the impending world economic collapse.

Hold on to your hats, we’re going to have a rough ride. There is no security. You’re in an area of complete uncertainty.

You don’t know what’s going on. Act on whats the right thing to do. That’s all you have. If Holder tells the truth, Obama is likely finished.

The likely event is the system is going to break down. It won’t be a pretty sight. Under present trends, there is no chance of survival.

You cannot save the American economy without a National Credit System. A credit system is the only thing that will win the situation. We have options if we assert them.

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Nouriel Roubini the Worst is Yet to Come

Dr. Doom, Nouriel Roubini says the worst is yet to come.

The economic shock from the fall of European economies like Greece, Portugal or Italy leaving the Eurozone would be much larger than from the disorderly collapse of Lehman Brothers in their Fall of 2008.

If a Euro crisis unfolds, global growth would slow down and trade would shrink, with emerging markets also adversely effected by the fiscal train wreck.

“ Well, you know, I’m putting most of my money into cash. A sophisticated high net worth individual all 100% into cash. This is not the time to be in risky assets.” – Dr. Doom Nouriel Roubini

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