Panic of 1907/2008?
Posted July 25th, 2008 by mizrae
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I just watched an interesting video. Here's the million "dollar" question:
Where'd the money go that all these banks/brokers have lost with all these sub-prime loan write-downs? This video reminds us to look at history for our answer, specifically the panic of 1907 which in turn created the illegal entity we now call the Federal Reserve. So where IS the money that was lost? Watch the video, are we destined to repeat 1907 in our ignorance?
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The crisis is real ...
Regarding the financials, the crisis will be a liquidity crisis.
He is correct in saying, when it is over, the haves will have more and the rest of us won't.
The Fed has now created a moral hazard, which will prevent the proper correction.
WAHOR!!
Here is some more information.
You might have already read this. The Panic of 2008. Gerald Celente is a trends forecaster.
http://groups.google.com/...