Hedge Funds Help Set Table for Next Financial Apocalypse
Lest anyone forget, hedge funds played a large part in the unprecedented loss of wealth that occurred in the financial crash of 2008-2009. And now, like tragic brain injury cases incapable of learning anything new, hedge fund operators are setting the stage for a repeat performance.
A lot of financial observors think that these institutional investors -- who are betting other people's pension money, university endowments, etc etc -- are making a big mistake. Many sophisticated investors are betting on a significant downturn. Some observors even see the next ten years as the decline and fall of the American empire.
Over 1.5 million Americans filed for bankruptcy in 2010, and the count for 2011 is expected to be higher -- perhaps much higher. Wages, employment, and non-government related startups in the US have been declining steadily, and the ongoing housing collapse reflects this decline.
And rather than working constructively to make America friendlier to business and markets, the Obama regime has been spending most of its time and resources on making government bigger and more corrupt, and on starving US industry of its energy supplies using the great climate hoax as a pretense.
Waiting in the wings is the potential for cascading bond defaults by US States and European nations. If that happens, the great 2008-2009 wealth destruction will look like a pleasant holiday in comparison.
Labels: economic depression, economics
posted by al fin at 12:46 pm
2 Comments:
From the Paul B. Ferrell opinion piece you linked:
In post-capitalism, post-patriarchy America, women will emerge from the ashes of “The Worst Decade in American History: 2011-2020.” Women leaders will emerge not just because the males’ short-term brains are sabotaging America’s long-term needs, but because the female brain has naturally evolved for long-term thinking.
Good lord! This guy sounds like lesbian womyn studies humanities professor at some over-priced liberal arts college.
HILN: Well the man is nothing if not imaginative, and more than just a bit insane. ;-)
Still, it is an important point of view to keep in mind. A lot of people take his word as gospel truth. Being able to predict their actions may come in handy at some point.
It is important to understand why so many people are willing to fight so hard to do exactly the thing that will kill them.
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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell
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