Replies to post #7228 on General Stock Ideas

[gfp927z]

MarketFest, >>> debt cancellation <<<


That is exactly what author Robert Bonomo predicted in his Aug 2011 article (link below), coordinated with the creation of the new global SDR currency -


http://www.thecactusland.com/2009/11/what-qe3-will-look-like.html


>>> a massive mortgage principal reduction of about 50% will follow as the President can nationalise banks without congressional approval through the “orderly liquidation authority” or OLA provisions under Dodd-Frank. Act III will see the US $14 trillion, as well as the Italian, Spanish, UK, Japanese etc. public debt being halved in exchange for balanced budgets and reduced social spending. The $50 trillion or so in US unfunded liabilities will be wiped out in a new “social contract”. Some student loan and Third World debt forgiveness will be thrown in for the full Kumbaya effect.

All of this will emerge out of a new “Bretton Woods” type of agreement that will be followed like the World Cup, Dancing with the Stars, Eurovision, the Superbowl, and the rest of the circus events meant to keep the plebs entertained. The Euro, doomed to failure, will escape the fangs of a new dark age and emerge triumphant with the Ode to Joy playing in the background. Logic will overcome chaos and a new age of enlightened corporate slavery will begin. The only difference will be that the dollar will be replaced by a new reserve system that spreads ultimate control over more than one currency. <<<

[gfp927z]

MarketFest, >>> a lifetime asset royalty in those debt-laden countries <<<



Just curious where you found this? Thanks.