Mobius Says Fresh Financial Crisis Around Corner…


Tree caricature from South Sea Bubble cards

Image via Wikipedia

In case anyone was in any doubt about where we are headed…”GET REAL!”. It was never a question of “if”, merely “when”.

   Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.

“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis”

via Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives – Bloomberg.

The sheer scale of the gamble of pumping so much new money directly into markets that were shown to be (at very least) morally corrupt, had failed so spectacularly yet STILL remain little changed, unpunished and unbowed, will only be apparent when it explodes in the face of the Political and Financial elites.

They will be held accountable for their actions by the rest of society upon who the economic and social burden of TBTF has, well and truly, fallen.

It is not only the financial bubble that will burst

One Response to Mobius Says Fresh Financial Crisis Around Corner…

  1. What we have dealt with so recently was foreseeable yet it was allowed to happen and the losses socialised. We cannot afford the consequences of the next burst but it MUST spell the end of a culture of elite greed and puppet Kleptocracies…

    Amsel (Amschel) Bauer Mayer Rothschild, 1838: “Let me issue and control a Nation’s money and I care not who makes its laws”.

    Letter written from London by the Rothschilds to their New York agents introducing their banking method into America: “The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s