Doomer Doug
TB Fanatic
The stocks are the symptom. The disease is bonds and government debt based on derivatives held by the banks. The bank stocks have been decimated since Brexit.
If people want to know what I think will happen, I will tell them about the movie called "Force 10 to Navornne." It was the sequel to "Guns of Navorone."
In it a group of British commandos are sent to blow up a dam and flood out the Germans. They get there, and the expert plants the bomb and then they escape. They are watching it when there is a "boom." Since nothing happens, Robert Shaw turns to Edward Fox and says, "Why isn't the dam falling down." Fox tells him, "It isn't the bomb that wrecks the dam. It is the water." Sure enough a few minutes after the explosion, the dam breaks apart from the water pressure on the weakened concrete."
Brexit is the bomb inside the dam. The derivatives are the water pressure on the weakened concrete. nuff said. I don't think anybody really has any idea of how many trillions in derivatives there are out there. I have heard between 100 Trillion dollars and 700 Trillion.
If people want to know what I think will happen, I will tell them about the movie called "Force 10 to Navornne." It was the sequel to "Guns of Navorone."
In it a group of British commandos are sent to blow up a dam and flood out the Germans. They get there, and the expert plants the bomb and then they escape. They are watching it when there is a "boom." Since nothing happens, Robert Shaw turns to Edward Fox and says, "Why isn't the dam falling down." Fox tells him, "It isn't the bomb that wrecks the dam. It is the water." Sure enough a few minutes after the explosion, the dam breaks apart from the water pressure on the weakened concrete."
Brexit is the bomb inside the dam. The derivatives are the water pressure on the weakened concrete. nuff said. I don't think anybody really has any idea of how many trillions in derivatives there are out there. I have heard between 100 Trillion dollars and 700 Trillion.
