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2008 -- Uncoiling For The Massive
Power Shifting Payback Year
-- For over three decades Middle Eastern ruling
families have been amassing the huge wealth they possess
today. Over the last decade China has been amassing
the huge wealth it possesses
today. |
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Since
around 2003, the US housing bubble has been fueled by
financial institutions handing out mortgages to unworthy
people while collecting fees and interest in the near-term,
knowing that the house of cards thus built could default
upon rate resets scheduled to take place in the
intermediate-term. These financial organizations off-loaded
their liabilities to other financial institutions by
packaging varieties of liabilities in contrivances known as CDOs, SIVs, and more. At the start of 2008 it is apparent
that the magnitude of liabilities is so extremely large and
so widely dispersed into US and European-based financial
institutions that it is not manageable nor containable and
is threatening their survival.
They are now attempting to survive by cannibalizing
themselves -- selling portions to immediately raise cash. |
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The
last days of 2007 are exposing the beginning of a massive
uncoiling of Middle Eastern rulers' and Chinese sovereign
funds' cash hoards through acquisition of US and
European-based financial assets. This takeover is being
accomplished using two different sources of wealth. The
Middle Eastern monies have been acquired through the sale of
oil that willingly flows out of the ground under the feet of
Middle Eastern tribal leaders. Chinese monies have been
acquired through the sale of large quantities of
mass-produced everyday consumer goods products. |
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Due to
massive losses now only partially acknowledged and exposed
by major US and European-based banks and investment
institutions, Western financial institutions are being
purchased piecemeal by Middle Eastern and Chinese wealth at
bargain prices. Due to the magnitude of losses sustained by
US and European institutions, they are unable to resist the
bailouts originating in Middle Eastern and China. |
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Globalization
has taken an irreversible twist: US and European
financial institutions are being purchased and thus
infiltrated and controlled in ever-increasing magnitudes by
outsiders having only long-term financial interests to guide
their directions. These new owners come from cultures that
previously had existed in 19th century modes at best. |
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Control
of financial institutions is globalizing geographically.
Control of financial assets is consolidating into an
ever-decreasing number of non-capitalistic hands. |
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Sovereign
funds & wealthy Middle Eastern families are
accomplishing what suicide bombers and al Qaeda are
failing to accomplish: A takeover of Western
civilization using financial means rather than
mass-murder coercion. |
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