Thursday, October 22, 2009

Jim Sinclair's Mineset.com | Only rational conclusion when green shoots are claimed is that we must have a hoard of zombie consumers out there

October 22, 2009 at 3:43 pm

A great civilization is not conquered from without until it has destroyed itself within. The essential causes of the Roman decline lay in her people, her morals, her class struggles and failing trade, her bureaucratic despotism, her stifling taxes, and consuming wars.
–The Story of Civilization III (1944)

"Mischief springs from the power which the monied interest derives from a paper currency which they are able to control, and from the multitude of corporations with exclusive privileges…which are employed for their benefit."

–Andrew Jackson

Jim Sinclair’s Commentary

This is critical to those of you with large deposits, CDs or other instruments or commitments with most vulnerable regional banks. What this teaches you is even if the money is due to you, it will have to be fought for or taken as a settlement lower than what is due. Be advised.......