Monday, August 29, 2011

CATEGORY 5 HURRICANE

In the book, $200 Oil, the author says something astounding for the year 2006, and by saying so makes an inadvertent prediction.  ”The tech stock correction of the year 2000, was a minor storm, since Alan Greenspan lowered interest rates and smoothed out the national economy from the rough waters,  it was a small storm on the radar screen.  If there is a collapse of the real estate bubble, nation wide, it will be like a Category 5 Hurricane. ” The Hurricane hit in 2007, with no advanced warning, no time to leave town, and no time to take corrective action.  It tossed hundreds of millions of Americans from one disaster area to another, and hasn’t let up yet.  The Federal government, the Wall street bankers, and the media has attempted to remove this storm from the public radar screen.   The winds and the backwash haven’t ebbed yet,  entire families are getting washed up on strange and distant beaches, 10 trillion dollars has vanished, the largest deflation of assets in the nations history, and no one has a real solution.  A ship captain whose boat in Mississippi Gulf waters was dragged out to sea during Katrina and was tossed and banged around in his cabin for hours, said, “The gods have saved me from this disaster, so I can face a larger disaster in the future.”  Does anyone in Washington or on Wall street, have any idea of the size of the destruction, from the 2007-2010 economic storm, and how many people it has washed to strange shores? Remember ”The Grapes of Wrath” John Steinbeck.  How about ”The Gurus of Incompetence”  Alan Greenspan.  LandMan

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