http://www.crikey.com.au/2009/09/29/how-the-global-economy-flirted-with-the-end/ now with extra source Sun, 12 Feb 2012 03:29:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2009/09/29/how-the-global-economy-flirted-with-the-end/#comment-39150 Robert Barwick Tue, 29 Sep 2009 03:40:05 +0000 http://www.crikey.com.au/2009/09/29/how-the-global-economy-flirted-with-the-end/#comment-39150 What a set-up! $1.4 quadrillion in derivatives says there's no way it's over. Since the banks collapsed, the governments - in breach of their precious free market rules - have propped them up. Now the governments are broke: who will prop them up? They didn't fix the debt crisis, they created more debt, and the next big shoe is about to drop. Sep. 30 is the end of the U.S. fiscal year, so brace yourself for an October surprise! What a set-up! $1.4 quadrillion in derivatives says there’s no way it’s over. Since the banks collapsed, the governments - in breach of their precious free market rules - have propped them up. Now the governments are broke: who will prop them up? They didn’t fix the debt crisis, they created more debt, and the next big shoe is about to drop. Sep. 30 is the end of the U.S. fiscal year, so brace yourself for an October surprise!

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