Is There a Crash in Our Future?
Posted in H.L. News, Main Blog (All Posts) on June 15th, 2007 9:19 am by HL
It’s Official: The Crash of the U.S. Economy has begun
Global Research
Excerpt:
It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.
Pearlstein’s column was titled, “The Takeover Boom, About to Go Bust†and concerned the extraordinary amount of debt vs. operating profits of companies currently subject to leveraged buyouts.
In language remarkably alarmist for the usually ultra-bland pages of the Post, Pearlstein wrote, “It is impossible to predict when the magic moment will be reached and everyone finally realizes that the prices being paid for these companies, and the debt taken on to support the acquisitions, are unsustainable. When that happens, it won’t be pretty. Across the board, stock prices and company valuations will fall. Banks will announce painful write-offs, some hedge funds will close their doors, and private-equity funds will report disappointing returns. Some companies will be forced into bankruptcy or restructuring…..â€
Among those poised to profit from the crash is the Carlyle Group, the equity fund that includes the Bush family and other high-profile investors with insider government connections. A January 2007 memorandum to company managers from founding partner William E. Conway, Jr., recently appeared which stated that, when the current “liquidity environmentâ€â€”i.e., cheap credit—ends, “the buying opportunity will be a once in a lifetime chance.â€
HL’s Take
It will be Bush’s going away present to America.
June 15th, 2007 at 2:07 pm
More ferarmongering by you wacky libs. Everythings gonna be ok. I have nothing to be worried about I have a 5 thousand square foot house beautiful wife and 3 great kids. I belong to a great church with a great pastor
June 16th, 2007 at 5:45 am
Maybe Jaysus will buy your toys when it takes 2 US dollars to equal 1 Canadian.
June 17th, 2007 at 10:17 pm
The article is based on clear facts, so it’s hardly “fear mongering.” But it sounds like you’re very happy worshipping Mammon, so we’ll refer to you as a Mammonite.