Posted by ks55 > 2014-11-09 17:05 | Report Abuse

World market going to collapse in 2015.
http://www.youtube.com/watch?v=Le73sWDlhz4

Posted by ks55 > 2014-11-09 17:46 | Report Abuse

When Lehman Brothers collapsed, gearing was 17 times.
Gearing for FED is 77 times right now!
Any fluctuation of 1 USD will magnify by 77 times.
How much trade margin a remiser get? 8X.
How much margin account with collaterised account? 1.8X.
09/11/2014 17:40

Posted by ks55 > 2014-11-09 17:47 | Report Abuse

US stock market total capitalisation is at 203% of US GDP now, very close to 206% just before 1929 crash. What should we do?

Posted by calvintaneng > 2014-11-09 18:35 | Report Abuse

This Rickards guy is from the Austrian School of Thoughts. His theory sound logical to those who still believe in the Normal. He believes that World Great Depression 2 will start on March 17th 2015. His illustration of the inverted paper pyramid crashing is just too simplistic.

Listen, the Economic Theory of Old School has been negated by the New Theory of John Maynard Keynes. The Bible says, "If the Foundations be destroyed what can the righteous do?"

The Right Way of Right Living By Hard Word, Thrift & Savings No Longer Work As The RULES OF THE GAME Have Been Changed. The Very Foundation of Value Has Been Distorted & Destroyed By "Money Printing"& QE Infinity.

This Will Not Result In Great Depression to the expectation of Austrian Economists but to Great Inflation or Hyper Inflation instead.


The Bible in Revelation 6:6 predicted that the world will end with "A measure of wheat for a penny or 3 measures of barley for a penny."

Calvin's Translation & Interpretation is as follow:

A measure of wheat - One Day's Food Enough For One Man

3 measures of barley - Barley in Biblical time sells for 1/3 the price of wheat. It is a poor man's food. One small boy brought 5 barley loaves to Jesus.

A penny - In Greek "a denari" or Equivalent to One Day's Wage of a Labourer.

Interpretation & Exposition

"A Day's Wage Shall Be Only Enough To Buy A Day's Proper Food For A Single Man but if he has other mouths to feed he shall be only able to afford the cheapest inferior food"

So According to the Bible the World will end in a time of Hyper Inflation & not Great Depression.

Will October 29th, 1929 be repeated?

I don't think so.