http://blog.johnbaeyens.com/2007/08/the-balance-of-financial-terror/john/ Fri, 21 Nov 2008 21:18:28 +0000 http://wordpress.org/?v=2.0.2 http://blog.johnbaeyens.com/2007/08/the-balance-of-financial-terror/john/#comment-14226 Sat, 18 Aug 2007 10:47:05 +0000 http://blog.johnbaeyens.com/2007/08/the-balance-of-financial-terror/john/#comment-14226 It is clear that none of the "luminaries" of the international financial community had forseen the crisis, they expected it to happen one day, but they didn't have a clue when. The Himalaya of international credit between governments and banks in the west is so big that the whole system is based on air. China can pull the plug any time they want and the US cannot do anything about it, except change their currency to liquidate the black and fake dollars at least. The turmoil is coming at a much bigger scale than we have seen so far in a not to distant future. It is clear that none of the “luminaries” of the international financial community had forseen the crisis, they expected it to happen one day, but they didn’t have a clue when.
The Himalaya of international credit between governments and banks in the west is so big that the whole system is based on air.
China can pull the plug any time they want and the US cannot do anything about it, except change their currency to liquidate the black and fake dollars at least.
The turmoil is coming at a much bigger scale than we have seen so far in a not to distant future.

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