Website review: Arlingtoninstitute.org/library/davi...
laodan discovered this in Economics
•1 reviews since Sep 10, 2006
globalization
•arlingtoninstitute.org/library/davidmartin_05...
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laodan discovered 23 months ago- US Banking System Collapse in 2008? via Nova Spivek in Minding the Planet, in The Arlingtom Institute Online. Nova Spivek: "I recently listened to a talk by Dr. David Martin, given at the Arlington Institute, a think tank I advise. You can listen to it here. It takes some patience to get to the main point -- but you will be rewarded with a mind-blowing new perspective on what may unfold in the next few years. Dr. Martin describes why he predicts a very likely total collapse of the US Banking system in 2008. Even more surprising is that he explains how the only hope for bailing out the US economy at that time may in fact be Muslim financial institutions -- the financial entities of the Muslim world -- because they are the most cash rich entities on the planet, and unlike our banks they are not exposed to intangible asset risks. In other words, as Dr. Martin explains, if for no other reason than this, we should think twice before bombing Iran and the rest of the Middle East back to the Stone Age -- they may in fact be our economy's only hope and we may soon be in dire need of their help. This is a radical hypothesis, but based on very realistic data and in particular, new laws that are going into effect in the global banking world in January, 2008." URL: US Banking System Collapse in 2008?
Take the time to read or to listen to what this guy has to say. He knows what he speaks about. In substance the US financial institutions do not have tangible assets to explain the collateral adequacy of the enterprises that they fund... and with the application of Basel II rules in January 2008 all US banks will appear naked. What does that mean? Well for one the US financial institutions will be out of liquidity... so the only solution, according to David Martin, will be a recapitalization with Muslim funds. Then you can expect the dollar to fall drastically and interest rates to shoot up. In other words the US economy is in a deep recession... and the world economy tanks.
- US Banking System Collapse in 2008? via Nova Spivek in Minding the Planet, in The Arlingtom Institute Online. Nova Spivek: "I recently listened to a talk by Dr. David Martin, given at the Arlington Institute, a think tank I advise. You can listen to it here. It takes some patience to get to the main point -- but you will be rewarded with a mind-blowing new perspective on what may unfold in the next few years. Dr. Martin describes why he predicts a very likely total collapse of the US Banking system in 2008. Even more surprising is that he explains how the only hope for bailing out the US economy at that time may in fact be Muslim financial institutions -- the financial entities of the Muslim world -- because they are the most cash rich entities on the planet, and unlike our banks they are not exposed to intangible asset risks. In other words, as Dr. Martin explains, if for no other reason than this, we should think twice before bombing Iran and the rest of the Middle East back to the Stone Age -- they may in fact be our economy's only hope and we may soon be in dire need of their help. This is a radical hypothesis, but based on very realistic data and in particular, new laws that are going into effect in the global banking world in January, 2008." URL: US Banking System Collapse in 2008?
