PALOOKAGRAD FINANCIAL
+286...
...the story so far...
...the world has gone bust...
...having created too much credit during the Greenspan Bubble...
...the Wizard of Oz...
...failed to put on the brakes...
...before the wheels came off...
ELE
...the inventor of the black swan...
...says that the financial system is very fragile...
...and therefore...
...will crash...
...er...
...that would be...
...collapse...
...like world trade...
...after bankrupting the country...
...with his five year plans...
...comrade Brown...
...is hoping to cure the debt...
...with another credit binge...
...the cruel truth is...
...that the last great bubble was...
...just that...
...the bust began in January 2000...
...and the 2003 - 2008...
...period was a...
...zombie boom...
...the black swan guy...
...believes that they all...
...do not have a clue...
...about how to fix this bust...
HERE IS THE NEWS
...it's worse than that...
...it's dead jim...
...swop debt for equity..
...you can't fix debt with debt...
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