When Paranoia Becomes Mainstream

March 3, 2009 at 12:50 am (Banking Crisis, Media)

Recently, George Soros said the financial system had effectively disintegrated, and the problem is more like the collapse of the Soviet Union than the Great Depression.  Since the Great Depression is an American term for a semi-worldwide phenomenon, and since he was talking to an American paper, I’d have to assume he was talking mostly about the United States.  When the Soviet Union collapsed, it broke up into 15 entities.  Is he saying the United States will similarly break up?  What happens when we discover the bailouts are actually like pouring gasoline on a fire?

Rupert Murdoch recently said something of interest as well: that nations will be redefined and their futures fundamentally altered.  Rather provocative.  Which nations would those be, Rupert?  Ireland with its impending collapse?  Britain with its projected “summer of rage?”  Latvia with its junk status?   Maybe Ukraine, where depositors can’t withdraw from their bank accounts.  What about the US with its economy contracting at an astonishing rate and its ballooning budget deficit?

Today’s article picture of doom:

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