Subprimes-done, Alt-A’s and Option ARMs to come

I must stop forgetting to go to Matthais Chang’s FutureFastForward website. MC was one of those who foresaw the impending economic collapse specifically w.r.t. Derivatives and Credit Default Swaps (CDS). I was astounded at the level of gambling he documented in his book the Shadow Money Lenders.

Well MC posts a 60 Minutes inclip about another financial Tsunami that could well be at the same signifance of the sub-prime collapse. (P.S. I still don’t believe it was the sub-prime collapse that was the start of all this. The collapse of the US dollar is to usher in Israyhell as the new global financial centre of the world via electronic money of which SDR’s are just the start). Links to video’s at foot of post.

 wave 1: (done already)
subprime about 1 trillion

wave 2: (defaults predicted to commence)
Alt-A’s about 1 trillion
Option ARMs about 500-600 billion

http://futurefastforward.com/feature-articles/2498

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And in case you missed it…
The Crisis of Credit Visualized [subprime]
http://video.google.com/videoplay?docid=4759275362410693117

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