The Big Collapse Could Be Very Near

Passing along without comment.  I don't know enough about finance to verify the truth of what Wenzel says, but he sure sounds convincing.  Convincingly terrifying. 

from Global Research, by Robert Wenzel:

The end of the current financial system, as we know it, may be imminent. If you would have asked me even two weeks ago if collapse was imminent, I would have said it was highly unlikely, now I am saying it is possible. Bernanke may be able to patch things up short-term, if he is lucky, but in the long term the U.S. financial structure is in serious trouble. There is just too much Treasury debt that needs to be raised. An international panic out of Treasury securities, even a slow controlled panic, means the Fed will be the major buyer. This will ultimately mean record inflation.

And keep this in mind, we have never seen a collapse of a currency like the dollar. Even the hyperinflation during Germany's Wiemar Period can not serve as an example. Since the dollar is the reserve currency of most of the world, a panic out of the dollar means more dollars will return to the U.S. shores than any country has ever experienced.

Other countries have had collapsed currencies, but never in the history of world of finance has so much currency been held outside a country of issue that could come flying back, almost on a moments notice. If the panic out of the dollar starts, even if Bernanke stops printing money (unlikely), all the dollars flying back into the U.S. could cause a huge price inflation all on its own.

continue here.

Comments

[Sheila Casey]

Scoot, if Bernanke were truly doing his level best to make everything right, why should he go to prison? You must think he' guilty of something.

Sheila

[Scoot]

The way I have had it explained to me, is Turbo Tim took this way too far, and Bernanke is trying to fix it.

Put it this way, Turbo Tim has shattered a sheet of glass into a billion pieces, and Bernanke is trying to put all the pieces back together, and to make a perfect sheet of glass again.

Either way you look at it, both of these guys need to see a prison cell for the rest of their lives for what they have done to our country.

[Pat Donnelly]

hi!
Very good posts indeed! James P Hogan referred me! Keep it up and keep yourselves safe!
Erin go Bragh!