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Was watching Glenn Beck last night and he had the former chief comptroller general of the US (He resigned not too long ago) I dont remember his name, but Glenn asked whether this meltdown would likely result in
 
1. 1927 Depression
2. 1979 Stagflation
3.  1989 Soviet Collapse.
 
The Comptroller Gen responded it could be some kind of combination but most likely gonna be a soviet collapse.  He also said that NO ONE in govt is telling the truth about the state of the govt. 
 
I myself am thinking it’s gonna be more like Weimar inflationary period followed by a collapse.  In weimar germany, there was such ridiculous inflation, a wheelbarrow of money wasnt worth as much as the wheelbarrow. 
 
Glenn is warning that in times like these, a leader will appear that will either be Hitler or it will be Jesus and we should be careful not to choose Hitler. 
 
I think the reason Hitler was used is because the treaty of Versailles bankrupted Germany with reparations and Hitler rose to power partly on a platform of ignoring that treaty which did get Germany out from under that oppressive thumb. 
 
Speculation is that if Obama is elected, it’s FOR SURE gonna be 1989 but if Mcstain is elected, it’s likely gonna be 1979.
 
Also need to keep an eye on when the US’s credit rating gets dropped (which is being discussed now) because our 57 TRILLION in unfunded liabilities will become alot bigger due to the subsequent interest rate increase.  This will also play into 1989. 
 
Who has watched the news where the Russian market is basically collapsing?  And are threatening to seize the Arctic for the natural resources.  And on Drudge today, they are increasing Milt spending by 25%.  Who does NOT think there is a big war coming.
 
For those of you that have no clue what I’m talking about, you should be nervous – very nervous.

Written by thor

September 19th, 2008 at 9:33 am

Posted in Economy and Banking

Tagged with ,

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