Re: Banks are a Business
- From: "William Black" <william.black@xxxxxxxxxxxxx>
- Date: Fri, 19 Sep 2008 14:17:53 +0100
"Blue" <blue@xxxxxxxxx> wrote in message
news:6jhk6mF3bbgbU1@xxxxxxxxxxxxxxxxxxxxx
William Black wrote:
"Maria" <oldwoman@xxxxxxxxxxx> wrote in message
news:yaudnfwFg8Ir8E7VnZ2dnUVZ8gidnZ2d@xxxxxxxxx
I still would like a projection of what would possibly have happened had
the gov and the US Fed not intervened.
Worst case:
Foreign investors buy the assets of the institutions concerned for
pennies in the pound.
1. The mortgage companies repossess about 30% of the mortgaged homes in
the USA, massive social instability, riots as people lose their homes
in thousands in every city in the USA, massive unemployment.
If the American govt sat on its hands and their fuzz stayed home.
I hate to have to tell you this, but it's afact very police officer has
drilled into him just about everywhere.
The police are a minute number of people in the great scheme of things.
There are about five hundred people for every policeman in the UK, less in
the USA. If any significant proportion of the population (anything over 1%)
rises up then there's very little the police can do and it's a matter for
the army.
2. Foreign investors buy the remnants of the AIG. AIG is far more
serious as it is an international insurance broker. Possible collapse of
Lloyds and the Frankfurt insurance market which would mean that
international transport of goods is no longer possible. Transport of
food becomes a major issue and governments intervene to safeguard
international food supplies, using military force if necessary.
...And all the aliens of the Universe attacked.
No.
No insuracne and international shipping comes to a halt.
Major knock on effects would probably be massive instability in China and
India as their Western dependant economies collapse
A decline in Indian call centres and knock offs.
Indian call centres are closing every week now. Most have moved further
east. These days many are in teh Phillipines.
and the sudden collapse of several oil rich Arab countries
The price of oil falls.
Well, no...
The oil went up in smoke when the Islamic nutters attacked the oil fields,
and there's no ships remember...
when it becomes apparent to the major Western nations who's responsible
for most of the problem by 'short selling' and their intelligence
agencies move to punish them.
The Middle East is less well armed.
The Middle East is a shooting gallery.
'Brush fire wars' break out in the smaller countries of Africa and Asia
as the food shortages begin to bite,
They have to plant actual food for themselves instead of heroin to flog on
to the west.
Not much heroin grown in Africa.
resurgence of military take-overs in South America and the FSU 'slave
states' rapidly fall out of love with the West and capitalism...
Big loss.
Depends on where you're standing and where you buy your gas...
--
William Black
I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.
.
- References:
- Banks are a Business
- From: Blue
- Re: Banks are a Business
- From: MikeinCamden
- Re: Banks are a Business
- From: Maria
- Re: Banks are a Business
- From: William Black
- Re: Banks are a Business
- From: Blue
- Banks are a Business
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