Will 2013 Be 2008 All Over Again? Cyprus levy Is A True Game-Changer And Euro Zone’s Very Own Lehman Moment, China Is Flashing Warning Signs That A Financial Crisis May Be Approaching, And 3 Out of 4 Americans Say We’re Headed for Economic Crisis

Will 2013 Be 2008 All Over Again?

In 2013, we are receiving the same banker and mass media propaganda that we heard in 2008. The stock markets are okay, economies are recovering, blah, blah, blah. However, do any of the facts support the propaganda? For example, this “bullish” US stock market has not even recovered to the levels of October, 2007. And even, if more QE, more HFT low-trading volume rigging can rig US and other western markets higher, do rising stock markets even matter if the growth of stock markets are less than the Central Bankers’ devaluation of the denominated fiat currencies? So, today, we should be asking the question, “Who sees another economic crisis coming and why?” In the meantime, my friend, journalist Lars Schall takes an investigative look back at 2008 and answers, the question, “Who saw the economic crisis coming and why?” Below, I present you his article. – JS Kim.

Who saw the economic crisis coming and why?

You have heard the widespread thesis that no one saw the current financial crisis coming. That thesis is simply wrong. However, it makes sure that those are not seen and heard, who a) did see it coming, who b) could have prevented it, and who c) have the knowledge of how we can get out of the mess we’re in.

By Lars Schall

The following article was originally published at Asia Times Online here.

Hans-Olaf Henkel is Professor of Business Economics at the University of Mannheim. Previously he was chairman of IBM Europe, Middle East and Africa and President of the Association of German Industries (1995-2000). He is a leading advocate of a split of the eurozone.

Henkel is also a leading figure in a new political group, “Alternative for Germany”, which is expected to be an official party in time to contest the September general election. Its main plank is the abolishment of the euro. (See here.) On March 4, Deutsche Bank Research published an analysis concerning its prospects. (See here.)

In the following article, Lars Schall revisits a debate over comments Henkel made in 2009 in which he attributed the cause of the sub-prime crisis and subsequent global financial crisis to political “do-gooders” ending the practice of banks in the US “redlining” specific areas, such as slums, often with a specific ethnic population, as no-go zone for home-loans.

Paul B. Farrell: Why are investors complacent? Why? Because “the public thinks bonds are safe, but they’re not … Bonds are a big problem, and most people don’t understand that yet.”

Read more at http://investmentwatchblog.com/will-2013-be-2008-all-over-again-cyprus-levy-is-a-true-game-changer-and-euro-zones-very-own-lehman-moment-china-is-flashing-warning-signs-that-a-financial-crisis-may-be-approaching-and-3-o/#JpoYTpF30VYPirc4.99