tag:blogger.com,1999:blog-27697009.post7039341774749084404..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : House of Cards is FallingJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27697009.post-23558165119092588392008-09-17T13:36:00.000-07:002008-09-17T13:36:00.000-07:00yes mutual funds won't circle the drain until late...yes mutual funds won't circle the drain until later. The real shame is that no one is talking about the collapse of the Russian market. That has more bearing now on future events than anything else. All the other "news" is stuff all of us have know about for a long time already.<BR/><BR/>I would like to know what happens when Putin gets tired of playing around in the global banking/US Dollar hegemony. They are pulling the same tricks as the Fed and getting kicked in the teeth for the effort. That don't sit well.<BR/><BR/>No one should be calling this a Black Swan event because it is plain to see that Russia has nothing to gain from propping up the system as is.<BR/><BR/>And Putin is the type of guy who will take his marbles and go make his own way.<BR/><BR/>Putin in one gambit can destabilize the whole system. What does he care if Russians suffer. Russians have suffered for generations. A rough spot of a decade is a cake walk for a Russian. He can blame the west for everything.<BR/><BR/>Russians can endure whats coming and the same goes for the Chinese and most of Asia. The spoiled rotten Americans, Europeans, Japanese and Arab Kingdoms are in for a hurting. Big Time.<BR/><BR/>What is the downside for him. Instant Superpower status again. Having an arsenal of energy assets more powerful in influence than his nukes, which he has enough of also. And in a global economy in turmoil, stability reigns supreme. Where will low risk be after the collapse of the dollar???? Who knows, but I'm sure some money will consider Russia after the treatment they are getting from so called democracies.I'm Not POTUShttps://www.blogger.com/profile/06885542838234710249noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36698433172694162382008-09-17T08:19:00.000-07:002008-09-17T08:19:00.000-07:00Hi Anon 7:55Thanks for pointing it out, I'll corre...Hi Anon 7:55<BR/><BR/>Thanks for pointing it out, I'll correct it right nowJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-40354926207025009892008-09-17T07:55:00.000-07:002008-09-17T07:55:00.000-07:00It's a money market fund that dropped below $1 yes...It's a money market fund that dropped below $1 yesterday. Not a mutual fund. There's a difference between the two.Anonymousnoreply@blogger.com