Economic Expert Says Global Crash Imminent


Richard Moore

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Economic Expert Says Global Crash Imminent
Echoes former world bank leader with prediction of global recession | November 21 , 2007
Steve Watson

A leading economic expert has warned that a global crash and recession is 
imminent on the back of record highs in real estate, stocks and energy, combined
with a devaluation of the dollar and continued "speculative bubble thinking".

Robert Shiller, the Stanley B. Resor Professor of Economics at Yale University 
told an audience at the annual Dubai International Financial Centre (DIFC) Week 
that a sharp downward correction is due in the global markets.

Shiller stated:

"Perhaps we have gotten a little too confident in the global economic growth," 
said Shiller. "The problem is high oil, stock and real estate prices. I believe 
that a substantial part is speculative bubble thinking. We have gotten too 
confident of the prices in these markets,".

"The unwinding of these markets is the most serious risk facing these markets 
today," Shiller added.

With the effects of the credit crunch hitting more and more lower level lenders,
it is clear to see that the fallout is spreading and propagating a general 
decline. We are seeing the unfolding of an overall meltdown that represents a 
gutting of the United States by neo-mercantilist institutions bent on the 
formation of a new global monopoly.

Shiller also pointed to the futures market, such as that of the CME in Chicago, 
which now predicts a major, ongoing decline over the coming four years.

We are witnessing the unfolding of a crash exactly as predicted by Former World 
Bank Vice President, Chief Economist and Nobel Prize winner Joseph Stiglitz last

Stiglitz agreed that the process of hijacking and looting key infrastructure on 
the part of the IMF and World Bank, as an offshoot of predatory globalization, 
has now moved from the third world to Europe, the United States and Canada.

Stiglitz warned that the signs were there with plummeting real estate prices in 
the U.S., stating that a global economic depression could only be avoided if a 
correction was made.

But no correction will be made because the World Bank/IMF/Globalist doctrine 
betrays a focused agenda to deliberately foment economic turmoil, riots, and 
then enforced bondage to eternal debt. We have witnessed this time and time 
again, their own documents even confirm this as the chosen method of social 

The shareholders of Federal Reserve, part of the same group of elite families 
that owns the bank of England, created the IMF and World bank to siphon 
government funds. Then they effectively steal the real assets of the third world
countries that take their loans in some cases at 42% interest. These global loan
sharks secure the water, power and roads which are then handed over to private, 
piratical, letter of mark companies.

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