Renowned Funds Manager Predicts Global Economic Collapse

2005-06-30

Richard Moore

--------------------------------------------------------
From: "Brian Hill" <•••@••.•••>
To: "Richard K. Moore" <•••@••.•••>
Subject: FW: 10 yrs; Republican predicts totatal economic, infrastructure 
collapse
Date: Sat, 4 Jun 2005 11:09:02 -0700
Organization: Institute  for Cultural Ecology

-----Original Message-----
From: •••@••.••• [mailto:•••@••.•••] 
Sent: Saturday, June 04, 2005 7:33 AM
To: •••@••.•••
Subject: 10 yrs; Republican predicts totatal economic, infrastructure
collapse

HEADS UP- TOTAL GLOBAL ECONOMIC COLLAPSE??

Posted By: mrB
Date: Friday, 3 June 2005
From: http://www.conspiracyplanet.com/cha...&contentid=2253
Renowned Funds Manager Predicts Global Economic Collapse By Al Martin 

(May 30) There was an interview on CNBC of the renowned funds
manager Julian Robertson. He is one of the greatest of the
old-timers. 53 years on the Street. He manages the Robertson
group of funds.

They used to call him, still do call him 'Never Been Wrong'
Robertson. He has predicted every economic cycle, every
debacle, every bull market, and every bear market. Of course,
he's a very old man now. But his reputation on the Street is
like nothing you could imagine. When the segment of his
interview was through, his comments alone took the Dow Jones
down 50 points. Just on his comments alone. That's how
powerful this man's reputation is.

Robertson was actually a teary-eyed, an old man. When Ron
Insana asked him about his predictions, he said that he's
worried about the speculative bubble in housing and the fact
that more than 1/4 of all consumer spending is now sustained
by that bubble, plus the fact that 20 million citizens could
lose their homes in a collapse of the speculative bubble in
housing, and that the Fed and, indeed, central banks worldwide
would act in concert out of desperation to reinflate the
global economy in the process, creating an inflationary spiral
unheralded in the economic history of the planet.

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.

Food production will fall. And any further effort to control
environmental destruction will be abandoned. Inflation will
run into the double and eventually triple digits. People will
be carrying around U.S. dollars in wheelbarrows like Germany.

And he finally ended his comments by saying that he hopes that
he is not alive to see this. And he looks at Ron Insana and he
said, "The 'lucky' ones are the ones who are my age now."

Total collapse of public infrastructure. Total collapse of
medical care systems.

All public pension plans, Social Security will collapse. All
corporate pension plans will collapse. I've never heard
anything like it.

But he backed that up with some fabulous statistics that I
have pointed out before in various articles.

What he did is he did it all in literally one statement
literally. But, 14% of all real estate transactions now being
interest-only mortgages, and another 14% of people now, that,
when they bought their homes, originated more than 100% of the
purchase price in the mortgage and then borrowed further.

This was on the Ron Insana show on May 24, 2004. I mean, it
was absolutely extraordinary. And he had pointed out all that
we have pointed out before. What he talked about is he
globalized it a lot more than I have in the past by saying
that the American consumer is effectively now supporting the
rest of the planet, which is true; that consumption rates in
all other nations are falling, have fallen to the point that
the tax revenues to governments, that the business and
industries those nation states are providing is now a net
negative number relative to total debt service and public
cost, that this exists in virtually every nation state on the
planet now.

And he pointed out, more importantly, and I'm trying to think
how we imply this or how we express this to the people, what
extraordinary times we are living in and how the destruction
of the planet has been engineered by the Bushonian Cabal from
1980 to 1992, and then from 2001 to present, which has
effectively destroyed the economic liquidity of the planet.

And it was absolutely extraordinary.

When Insana asked him, you know, he said he had sold all of
his real estate and he was moving into one of the new
super-secure compounds for wealthy Republicans for when the
'barbarians will be at the gate.'

He said, "Ron, those barbarians will be potentially a third of
the American population."

Ron asked, "What are your friends doing?"

The implication being wealthy Republicans. And, this is
interesting, he said everyone that he knew that had a home
worth more than a million dollars in the United States has
sold it. They have sold all of their landholdings. They have
liquidated all U.S. securities. They have bought a townhouse
or something in one of the new ultra-high secure semi-secret
Republican compounds with the barbed wire and the machine
guns. And then they also own a home, like, in the Cayman
Islands or somewhere in the Caribbean. He spoke of the new
Republican high-security compounds that are being built
throughout the Caribbean, and even in Switzerland.

And this is what he points to: He said the new wave, or where
the wealthy Republicans are going in their housing--and he's
right. It tells you much about what the wealthy Republicans
think of where this planet is going: that they all want to
live in these ultra-high security communities that haven't
even been built yet.

And we're talking about not simply the guards at the gate.
We're talking about communities the security of which have
never been built before.

He's referring to is these new gated communities that are
being built with the 18-foot high walls and the
machine-gun-toting guards and underground food lockers,
cryogenic food lockers, and their own power plants, their own
water. But it bespeaks volumes of where the top 10% of the
nation feel the planet is going.

The only thing that keeps popping into my mind is - what is it
going to look like in ten years' time?

What comes to mind is the final 30-second shot in the movie
Rollover. The famed movie Rollover with Kris Kristoferson and
Jane Fonda.

The final 30-second shot when the decision was made, when Hume
Cronyn is standing in his office in the Citi Bank building in
New York with its 30-foot vaulted ceilings and mahogany
paneling. He's got the phone in his hand and he's talking to
the group of bankers, the 13 Gnomes, he called them, in
Switzerland, that have the last remaining free cash flow in
the world.

He says, on the telephone, "Pull the plug." Then he lights up
a cigar and pours himself a glass of brandy. And he looks down
on the street. He's 20 floors up. It's all plate glass window.
It was actually shot at the Citi Bank building. And he looks
down the street. It's winter. December. Absolutely bitter
cold, 3 feet of snow on the ground. And all is dark. The
power's gone. No more power. Everything has begun to collapse.
And the wind, you hear this frigid wind whistling through the
canyons of the streets around Wall Street, which have become
canyons. And there's a few people there in tattered rags, with
steel drums, burning stuff to keep warm. It shows them, they
keep dumping in U.S. currency to keep the fire going. And then
at the end it shows down between Wall and Broad, there's like
2 or 3 hundred people, there's a food riot in progress. And
Hume is sitting there looking out of his plate glass window
with a cigar in his mouth.

The very final scene: You see the food riots. Then you see the
police come in in these ultra-high-tech-looking riot control,
hover vehicles. They're all black matte with dark red
digitized writing that says "State Security." And they start
gassing the crowd. And then it shows the Citi Bank executive
helicopter coming down on top of the 57th floor of the
building to pick up Hume. He gets in the helicopter. The pilot
actually asks him, "Where are we going?" And he said, "Oh, to
my executive compound." The pilot points in the front seat of
the helicopter and he said, "We have a case of the 1961
vintage Rothschild `61. Mr. Chairman, we secured an extra case
for you."

Then they fly over where the food riots are. And there's no
power. And there's trash blowing through the streets. And some
of the telephone poles have come down.

And they swing over the harbor and most of the boats are
swamped or sunk or all grungy. This is what Robertson's words
reminds me of.

* AL MARTIN is an independent economic-political analyst with
25 years of experience as a trader on NYMEX, CME, CBOT and
CFTC. As a former contributor to the Presidential Council of
Economic Advisors, Al Martin is considered to be a source of
independent analysis for financially sophisticated and market
savvy investors.

After working as a broker on Wall Street, Al Martin was
involved in the so-called "Iran Contra" Affair as a fundraiser
for the Bush Cabal from the covert side of government aka the
US Shadow Government.

His memoir, "The Conspirators: Secrets of an Iran Contra
Insider," (http://www.almartinraw.com) provides an
unprecedented look at the frauds of the Bush Cabal during the
Iran Contra era. His weekly column, "Behind the Scenes in the
Beltway," is published weekly on Al Martin Raw.com, which also
publishes a bimonthly newsletter called "Whistleblower
Gazette."

Al Martin's new website "Insider Intelligence"
(http://www.insiderintelligence.com) will provide a long term
macro-view of world markets and how they are affected by
backroom realpolitik.

Friday, 3 June 2005, 11:05 a.m.

The Surfing The Apocalypse Network
http://www.surfingtheapocalypse.com
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"Escaping The Matrix - 
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