You mean 007 dies in his next film?
No, what they are talking about is the financial meltdowns of all financial meltdowns. In this scenario Greece is Lehman Brothers, China is AIG, and Europe and America is Freddie Mac and Fannie Mae with no where else to kick the can.
All that is left is for governments to seize trillions of dollars of pensions funds as bank runs flourish, ATM machines run dry and supermarket shelves go bare.
Marshal Law will be imposed as the public goes mental with the realization that starvation is just around the corner.
What follows is a great gnashing of teeth, locusts fall from the sky, dogs begin to like cats and Western Civilization is marred for eternity.
And in this article Investors Start To Panic As A Global Bond Market Crash Begins they say the party in hell has already begun and is about to pick up steam. It quotes:
"Greece will not make a June 5 repayment to the International Monetary Fund (uh... that's like tomorrow) if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party’s lawmakers said on Wednesday."
Are you afraid?
I can tell you the French aren't in the least.
They pretend to be in the media. But as one who was here in 2008 when the Global Real Estate derivative bubble burst, the property market in France did what the French do exceedingly well. It took an extended lunch and then France went back to work in a big way.
It's as if after the 'crisis' the financial world flocked to Paris as a safe haven. In the graph below you can see the 'lunch break' of 2008-2009 and then after the capital migration to the Paris property market begins.
I witnessed it with my own eyes.
Why Paris? I am no Financial Analyst but I do know the French.
From the core of their DNA the French feel whether it's ECB, The Federal Reserve, The Royal Family or the Emperors of Rome, you can call 'em what you want.
No fancy pants bunch of money printers are gonna scare this culture into submission.
The French have been there, done that, seen it all and got the t-shirt before fabric was invented.
They have Paris property records that go back since the building of Notre Dame; around 800 years.
That's almost a millennia of Real Estate data! What other premier city in the world can boast that? The French are like, 'Your due diligence? Madam, Monsieur, mais oui, c'est par la!'
And the French know their leaders see Place de la Concorde everyday as they go to work. The French Congress called the National Assembly is just a five minute stroll away. Place de la Concorde is where tens of thousands lost their heads during the Reign of Terror.
Every public French official from the President on down knows that it is entirely possible for the people to freak out, grease up the guillotine and hold public Net Worth presentations: 'How To Subtract A Liability From An Asset'.
So, like I said. I am no analyst, this is just my take as an American in Paris.
To read about the 'Bond Apocalypse' click here.
All I'm saying is I am not scared.
I say party's in Paris.
Just one question? You coming with... :D
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