The Apprentice wrote:
We have had the riots already and occupy and summer is here, so what do you recon is next WUB, how's the book coming along.
Still waiting for the publisher to give the green light, but I will try to be patient. I'm constantly collecting articles so that I can write a final updated version before it's published.
I'm not 100% certain what's going to happen next, but I do think that the FT and Huffington Post reporting on J.P. Morgan and its derivative position indicates that we're not one-million miles away from seeing some action. I've been watching Keiser say over and over again for years, "J.P. Morgan is a dead bank walking". Now the mainstream is beginning to let this information trickle out. As I've said elsewhere, Quigley also stated that the original J.P. Morgan was as important as the Rothschilds, and J.P. Morgan remains the biggest banking corporation in the world. Again, Keiser's been saying for ages that their stock is going to go down to virtually zero. This will have a huge knock-on effect, it will probably render the entire US economy untenable, as 31% of the US GDP is financial sector. Of course, all the other major US investment banks are leveraged up to their eyeballs as well.
I'm quite sure that the present situation in Greece is the establishment's way of beta testing how the population of a small European country responds to financial crisis / IMF austerity / blatant rape and pillaging. Of course, they've already done this all over the world, but it is somewhat new in Europe. I still think that someone who I heard being interviewed about six months ago, who said that the IMF is scared that one or more of the big countries in Europe will stand up to them is correct. A while ago there was lots of talk about Spain and Italy being in trouble, and the IMF were saying a few things, but this has died down now. And they were saying the other day that Britain should engage in more QE. So you never know how long they'll kick the can down the road.
But I expect to see some serious action in the next eighteen months. I said in that radio interview that the US would reach its debt ceiling again in roughly December, 2012. The MSM is already starting to talk about it:
www.reuters.com/article/2012/05/24/us-de...dUSBRE84N0ZT20120524
It must become evident to people at some point that no amount of QE, 'growth' or phony, redundant academic economic theories is going to rescue the situation.