This may have been posted previously. My thanks to Angry Girl for the link she posted.
-------
Looks like Julian Robertson is a tad bearish (excerpt of his interview with Ron Insana on CNBC 05/24/05):
snip
Insana then asks, "Where does it end?" And he said, "Utter global collapse." Not simply economic collapse; complete
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 Bush-Cheney regime--calls them ´the Bush-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.
snip
http://www.siliconinvestor.com/readmsg.aspx?msgid=21387557
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(822 posts)
Send PM |
Profile |
Ignore
