Sunday, March 08, 2009

Financial Hypercatastrophe

The catastrophic collapse of large financial institutions has been delayed due to massive injections of capital, like an $173 billion "banker" bailout of insurance giant AIG, but the government is running out of money so a financial hypercatstrophe causing a global financial meltdown is not far away.

Arab world will start to to wonder about the stability of the west with america in particular. This will lead to a new currency replacing the dollar as reserve and causes massive inflation.

There are many reasons for energy crisis, but peak oil was hit in 2005. Expect increases in gasoline prices to worsen our financial hypercatstrophe as our world goes off a cliff. Lack of energy causes a world food crisis with starvation for millions.

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