The coming fight for the last bottle of mineral water...
"The lucky ones are the ones who are my age now," he said.
Financial 'wizzard' Julian Robertson was born in 1933...
by Henk Ruyssenaars
FPF- July 27th - 2005 - Those of us who remember 'Mad Max'* - do know what a dystopian global village looks like: "Dystopian societies are usually characterized by extreme governmental tyranny and an exploitation of the people."
There's an interesting aberration concerning this story however when one looks for the original text: a shift of direction from the one predicted and described at first in the story - where Robertson said this for instance:
"The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don't realize it yet," he said."
Rightfully blaming Bush and Cheney's regime for the global misery. The private Federal Bank, and Alan Greenspan, with his "Green ink and Paper' $-department, are said to be at the core.*
The editors later on softened what had been said in this way: "Editor: We have been informed by someone who works with Ron Insana at CNBC that much of the Julian Robertson attributions and quotes in this story are not authentic. While the basic thrust of the article appears genuine -- i.e., the future economic outlook appears bleak -- the wilder attributions and quotes are bogus."*
Robertson's background is quite interesting: At his peak, no one could beat him for sheer stock-picking acumen. Robertson was the "Wizard of Wall Street" and was paid well for it. In 1993, his compensation and share of Tiger's mammoth gain reportedly exceeded $300 million. His current estimated net worth is over $400 million.
It's not Robertson himself, but: "someone who works with Ron Insana at CNBC" - who was trying to put oil on the global indignation waves, but there seems to be no official retraction by Robertson. Below is some more information.* Follows the article:
Legendary Funds Manager Predicts Utter Global Collapse Stemming From Bursting of Property Bubble*
By News Article
July 27th - 2005 - In a recent interview on CNBC with Ron Insana, one of the "old-timer" funds manager, Julian Robertson, predicted "utter global collapse" as a consequence of the bursting of the world-wide property bubble.
Often called "Never Been Wrong Robertson", the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.
Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.
Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind.
"Where does it end?", Insana asked Robertson. "Utter global collapse," he answered. But not just economic collapse ... collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. "Food production will fall. People will be carrying around U.S. dollars in wheelbarrows like Germany," he said.
There will be "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."
"The American consumer is effectively now supporting the rest of the planet," he continued. "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 FOR MUCH OF THIS "DOOM", INTERESTINGLY, HE BLAMES THE BUSH-CHENEY "REGIME".
"They have now consolidated power and money on the planet to the maximum extent possible. The planet's net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk.
The people just don't realize it yet," he said.
According to Robertson, "the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship 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."
IN 10 YEARS TIME, WHOEVER IS LEFT WILL BE EFFECTIVELY STARTING AGAIN, HE SAID.
"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," he said.
ROBERTSON ENDED THE INTERVIEW BY SAYING THAT HE HOPES HE IS NOT ALIVE TO SEE THIS.
"THE LUCKY ONES ARE THE ONES WHO ARE MY AGE NOW," HE SAID.
[enditem]
FOREIGN PRESS FOUNDATION
Blog: http://tinyurl.com/6v8ru
Editor : Henk Ruyssenaars
http://tinyurl.com/amn3q
The Netherlands
FPF@Chello.nl
* Julian Robertson - Wikipedia - Url.: http://tinyurl.com/8x9wh
* The article with denial by the editors can be found at - Url.: http://tinyurl.com/dblkj
* Renowned Funds Manager Julian Robertson, Predicts Global Economic Collapse - http://tinyurl.com/ayajq
* Mad Max - Url.: http://tinyurl.com/9l55q -
* Colin Powell: ''It is not anti-Semitic to criticize the policies of the state of Israel' - Url.: http://tinyurl.com/22p6c
* Who creates our money? And what is 'Press Freedom" about? - Url.: http://tinyurl.com/assvj
* Corporate News Media: Incompetent, Criminally Negligent or Complicit? - Url.: http://tinyurl.com/cqpfe
* Impeachbush.org is mobilizing a massive impeachment contingent at the huge September 24, 2005 anti-war March on Washington. Assemble at 12 noon at the White House. Sign up here to learn about the plans of the impeachment movement in the next month - Url.: http://tinyurl.com/cex28
It is very unlikely, but if you would prefer to unsubscribe from the FPF-list, just send a blank email with the word 'Remove' in the subject line. Thank you, but we'll miss you...! But, if you read an FPF item and want to be added to the free FPF 'list for free thinkers': simply send an email with the text 'Pls. Add me to the
list' in the subject line.
FPF-COPYRIGHT NOTICE - In accordance with Title 17 U. S. C. Section 107 - any copyrighted work in this message is distributed by the Foreign Press Foundation under fair use, without profit or payment, to those who have expressed a prior interest in receiving the information. Url.: http://tinyurl.com/djrep
-0-
Financial 'wizzard' Julian Robertson was born in 1933...
by Henk Ruyssenaars
FPF- July 27th - 2005 - Those of us who remember 'Mad Max'* - do know what a dystopian global village looks like: "Dystopian societies are usually characterized by extreme governmental tyranny and an exploitation of the people."
There's an interesting aberration concerning this story however when one looks for the original text: a shift of direction from the one predicted and described at first in the story - where Robertson said this for instance:
"The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don't realize it yet," he said."
Rightfully blaming Bush and Cheney's regime for the global misery. The private Federal Bank, and Alan Greenspan, with his "Green ink and Paper' $-department, are said to be at the core.*
The editors later on softened what had been said in this way: "Editor: We have been informed by someone who works with Ron Insana at CNBC that much of the Julian Robertson attributions and quotes in this story are not authentic. While the basic thrust of the article appears genuine -- i.e., the future economic outlook appears bleak -- the wilder attributions and quotes are bogus."*
Robertson's background is quite interesting: At his peak, no one could beat him for sheer stock-picking acumen. Robertson was the "Wizard of Wall Street" and was paid well for it. In 1993, his compensation and share of Tiger's mammoth gain reportedly exceeded $300 million. His current estimated net worth is over $400 million.
It's not Robertson himself, but: "someone who works with Ron Insana at CNBC" - who was trying to put oil on the global indignation waves, but there seems to be no official retraction by Robertson. Below is some more information.* Follows the article:
Legendary Funds Manager Predicts Utter Global Collapse Stemming From Bursting of Property Bubble*
By News Article
July 27th - 2005 - In a recent interview on CNBC with Ron Insana, one of the "old-timer" funds manager, Julian Robertson, predicted "utter global collapse" as a consequence of the bursting of the world-wide property bubble.
Often called "Never Been Wrong Robertson", the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.
Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.
Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind.
"Where does it end?", Insana asked Robertson. "Utter global collapse," he answered. But not just economic collapse ... collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. "Food production will fall. People will be carrying around U.S. dollars in wheelbarrows like Germany," he said.
There will be "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."
"The American consumer is effectively now supporting the rest of the planet," he continued. "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 FOR MUCH OF THIS "DOOM", INTERESTINGLY, HE BLAMES THE BUSH-CHENEY "REGIME".
"They have now consolidated power and money on the planet to the maximum extent possible. The planet's net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk.
The people just don't realize it yet," he said.
According to Robertson, "the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship 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."
IN 10 YEARS TIME, WHOEVER IS LEFT WILL BE EFFECTIVELY STARTING AGAIN, HE SAID.
"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," he said.
ROBERTSON ENDED THE INTERVIEW BY SAYING THAT HE HOPES HE IS NOT ALIVE TO SEE THIS.
"THE LUCKY ONES ARE THE ONES WHO ARE MY AGE NOW," HE SAID.
[enditem]
FOREIGN PRESS FOUNDATION
Blog: http://tinyurl.com/6v8ru
Editor : Henk Ruyssenaars
http://tinyurl.com/amn3q
The Netherlands
FPF@Chello.nl
* Julian Robertson - Wikipedia - Url.: http://tinyurl.com/8x9wh
* The article with denial by the editors can be found at - Url.: http://tinyurl.com/dblkj
* Renowned Funds Manager Julian Robertson, Predicts Global Economic Collapse - http://tinyurl.com/ayajq
* Mad Max - Url.: http://tinyurl.com/9l55q -
* Colin Powell: ''It is not anti-Semitic to criticize the policies of the state of Israel' - Url.: http://tinyurl.com/22p6c
* Who creates our money? And what is 'Press Freedom" about? - Url.: http://tinyurl.com/assvj
* Corporate News Media: Incompetent, Criminally Negligent or Complicit? - Url.: http://tinyurl.com/cqpfe
* Impeachbush.org is mobilizing a massive impeachment contingent at the huge September 24, 2005 anti-war March on Washington. Assemble at 12 noon at the White House. Sign up here to learn about the plans of the impeachment movement in the next month - Url.: http://tinyurl.com/cex28
It is very unlikely, but if you would prefer to unsubscribe from the FPF-list, just send a blank email with the word 'Remove' in the subject line. Thank you, but we'll miss you...! But, if you read an FPF item and want to be added to the free FPF 'list for free thinkers': simply send an email with the text 'Pls. Add me to the
list' in the subject line.
FPF-COPYRIGHT NOTICE - In accordance with Title 17 U. S. C. Section 107 - any copyrighted work in this message is distributed by the Foreign Press Foundation under fair use, without profit or payment, to those who have expressed a prior interest in receiving the information. Url.: http://tinyurl.com/djrep
-0-
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