“Only when the last tree is cut, the last fish is caught, and the last river polluted; when to breathe the air is sickening, you will realize that wealth is not in bank accounts and that you can not eat money.”
attributed to Alanis Obomsawin, 1972
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There is a slow dissemination of information explaining the 2008 economic meltdown and the hidden mechanisms that led up to the disasterous situation.
I’ve stood infront of the Shah of Iran, the presidents of Indonesia, Ecuador, Panama, members of the Royal House of Saudi Arabia and I’ve said something like, ‘In this hand I have millions of dollars, for you and your friends if you play our game. In this hand I have a gun, in case you decide not to.’ Now my words were more diplomatic than that, but that was the message.
Perkins, John.
Iceland was of course one of the first countries to go in the 2008 meltdown.
And some say that we are the canary that went into the mine. We were the one that crashed first and should we come out alive then there will be hope for others. And we have come out the other end. And some people say it’s brilliant how unbelievable the recovery is but if nothing changes in the structure itself – it’s not a revolution, and there is nothing great about it. Of course we can resample this Frankenstein monster that just goes on and trashes the earth, and makes the rich more rich. And in the end there’s just going to be a hugh revolution where you know, war or something.
“Reykjavik Rising“, 2014.
To know what is happening now, it is important to remember the mechanisms that were used after the 2008 housing crash, and what effect they will have in the future.
It was back in February of last year that Micheal Burry first warned of high inflation as a consequence of the Fed’s (Federal Reserve Bank) unprecidented money printing. He was tweeting “prepare for inflation, hashtagging doomed to repeat”. And calling out the US government and the Federal Reserve over the trillions of dollars worth of stimulus they had done. […] Fast forward twelve months and we are now running at a red hot inflation rate of 8.6%. […] But what is very interesting is that in the past month or so Micheal Burry has not just been doing victory laps, instead he has been tweeting quite extensively explaining why he believes this economic crisis and subsequent market downturn has only just begun.
“Michael Burry‘s Warning for the 2022 Stock Market Crash“
SOURCES
“Four Horsemen“, 2011. Renegade Inc. Accessed Jan. 17, 2022.
“97% Owned: How is Money Created“, 2012. Independent POV. Accessed Jan. 17, 2022.
“Reykjavik Rising“, 2014. Conscious Collective. Accessed Jan. 17, 2022.
Perkins, John. “An Economic Hit Man Confesses and Calls to Action“, 24.06.2016. TEDxTraverseCity, online lecture. Accessed May 21, 2022.
“Michael Burry’s Warning for the 2022 Stock Market Crash“, 15.06.2022. New Media, online video. Accessed June 22, 2022.
