PowerSwitch Main Page
PowerSwitch
The UK's Peak Oil Discussion Forum & Community
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Is capitalism facing it's own Berlin Wall crisis soon?
Goto page Previous  1, 2
 
Post new topic   Reply to topic    PowerSwitch Forum Index -> General Discussion
View previous topic :: View next topic  
Author Message
Lord Beria3



Joined: 25 Feb 2009
Posts: 4104
Location: Moscow Russia

PostPosted: Fri Sep 08, 2017 12:22 pm    Post subject: Reply with quote

If so, it will fit in with the Limits to Growth business as usual model which models a peak around 2015.
_________________
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
Back to top
View user's profile Send private message Visit poster's website
Lord Beria3



Joined: 25 Feb 2009
Posts: 4104
Location: Moscow Russia

PostPosted: Fri Sep 08, 2017 9:37 pm    Post subject: Reply with quote

http://economictimes.indiatimes.com/opinion/interviews/problems-still-there-crisis-worse-than-2008-bill-bonner-founder-agora-inc/articleshow/50813815.cms

This guy has a good track record in predicting events in advance.

Recently, you had predicted another crisis. Do you expect this to be severe, as bad as the 2008 one?

Quote:
I think the current crisis will be worse than 2008. The conditions that led to the 2008 crisis exist, the problems are still there and some of the problems have got worse. I believe that the root of all these problems is that there is much credit.

Today, there is $57 trillion in credit outstanding in the world. The market is just looking to correct the excesses of the past 15-20 years. In 2008, there was a massive correction which cut the Dow to half. However, it was reversed by action of the central banks, which had the effect of putting in a lot more credit. Now we are looking at another attempt to correct, and squeeze out excess.



_________________
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
Back to top
View user's profile Send private message Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    PowerSwitch Forum Index -> General Discussion All times are GMT + 1 Hour
Goto page Previous  1, 2
Page 2 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group