“ECONOMIC COLLAPSE? Subject: 10 years; Republican predicts total
economic, infrastructure collapse HEADS UP- TOTAL GLOBAL ECONOMIC COLLAPSE??
Posted By: mrB Date: Friday, 3 June 2005 From:
http://www.conspiracyplanet.com/cha...&contentid~53 Renowned Funds Manager
Predicts Global Economic Collapse By Al Martin (May
30) There was an interview on CNBC of the renowned funds manager Julian
Robertson. He is one of the greatest of the old-timers. 53 years on the Street.
He manages the Robertson group of funds. They used to call him, still do call
him 'Never Been Wrong' Robertson. He has predicted every economic cycle, every
debacle, every bull market, and every bear market. Of course, he's a very old
man now. But his reputation on (Wall) Street is like nothing you could imagine.
When the segment of his interview was through, his comments alone took the Dow
Jones down 50 points. Just on his comments alone. That's how powerful this
man's reputation is. Robertson was actually a teary-eyed, an old man. When Ron Insana asked him about his predictions, he said that he's
worried about the speculative bubble in housing and the fact that more than 1/4
of all consumer spending is now sustained by that bubble, plus the fact that 20
million citizens could lose their homes in a collapse of the speculative bubble
in housing, and that the Fed and, indeed, central banks world wide would act in
concert out of desperation to reinflate the global
economy in the process, creating an inflationary spiral unheralded in the
economic history of the planet. Insana then asks,
"Where does it end?" And he said, "Utter global collapse."
Not simply economic collapse; com-plete
disintegration of all infrastructure and of all public
structures of governments. Utter, utter collapse. That the end is collapse of simply epic proportion. In 10
years time, he said, whoever is still alive on the planet will be effectively
starting again. And the comments were so negative. I've never heard anything
like it. From a guy who was 53 years on the Street. This is Julian Robertson,
the renowned Republican. And yet he blamed everything on 'the Bushonian Cabal,' that the Cabal has now consolidated power
and money on the planet to the maximum extent possible. That
the planet's net liquidity--that is, net free cash flow--is now a negative
number. That the planet is not simply sinking into a sea of red ink; it
is already sunk. The people just don't realize it yet. The enormity of it was
such that he said that the B-us-h-Cheney regime--calls them 'the B-u-s-h-Cheney
regime' (I swear this guy must listen to me)--the Bush-Cheney regime is
preparing the nation for transition from democracy into dictatorship because a
dictatorship will be necessary to control, not civil unrest. That isn't what he
said. He said that it will be necessary to control, in 5 years' time, food and
water riots. He said the federal government, that part of Patriot II Act, the
internal exile, that the government is going to have
to build now huge detention compounds on federal lands, probably in the West
where the land is available, to potentially house 50 million or more citizens
that will be in financial ruin. Food production will fall. And any further
effort to control environmental destruction will be abandoned. Inflation will
run into the double and eventually triple digits. People will be carrying
around U.S. dollars in wheelbarrows like Germany. And he finally ended his
comments by saying that he hopes that he is not alive to see this. And he looks
at Ron Insana and he said, "The 'lucky' ones are
the ones who are my age now." Total collapse of public
infrastructure. Total collapse of medical care
systems. All public pension plans, Social Security will collapse. All
corporate pension plans will collapse. I've never heard anything like it. But
he backed that up with some fabulous statistics that I have pointed out before
in various articles. What he did is he did it all in literally one statement
literally. But, 14% of all real estate transactions now being interest-only
mortgages, and another 14% of people now, that, when they bought their homes,
originated more than 100% of the purchase price in the mortgage and then
borrowed further. This was on the Ron Insana show on
May 24, 2004. I mean, it was absolutely extraordinary. And he had pointed out
all that we have pointed out before. What he talked about is he globalized it a lot more than I have in the past by saying
that the American consumer is effectively now supporting the rest of the
planet, which is true; that consumption rates in all other nations are falling,
have fallen to the point that the tax revenues to governments, that the business
and industries those nation states are providing is now a net negative number
relative to total debt service and public cost, that this exists in virtually
every nation state on the planet now. And he pointed out, more importantly, and
I'm trying to think how we imply this or how we express this to the people,
what extraordinary times we are living in and how the destruction of the planet
has been engineered by the Bushonian Cabal from 1980
to 1992, and then from 2001 to present, which has effectively destroyed the
economic liquidity of the planet. And it was absolutely extraordinary. When Insana asked him, you know, he said he had sold all of his
real estate and he was moving into one of the new super-secure compounds for
wealthy Republicans for when the 'barbarians will be at the gate.' He said,
"Ron, those barbarians will be potentially a third of the American
population." Ron asked, "What are your friends doing?" The implication being wealthy Republicans. And, this is interesting, he said everyone that he knew that had a home
worth more than a million dollars in the United States has sold it. They have
sold all of their landholdings. They have liquidated all U.S. securities. They
have bought a townhouse or something in one of the new ultra-high secure
semi-secret Republican compounds with the barbed wire and the machine guns. And
then they also own a home, like, in the Cayman Islands or somewhere in the
Caribbean. He spoke of the new Repub-lican
high-security compounds that are being built throughout the