Former World Bank Chief Economist Predicts Global Crash!!! - GoFuckYourself.com

ForteCash · 10-30-2006, 03:36 PM

Former World Bank Chief Economist Predicts Global Crash
Nobel Prize winner Stiglitz highlights agenda of predatory globalism now arriving in America under auspices of NAFTA Superhighway, North American Union

Paul Joseph Watson & Alex Jones/Prison Planet.com | October 30 2006

Former World Bank Vice President, Chief Economist and Nobel Prize winner Joseph Stiglitz has predicted a global economic crash within 24 months - unless the current downturn is successfully managed. Asked if the situation was being properly handled Stiglitz emphatically responded "no," and also drew ominous parallels to the development of the NAFTA Superhighway and the North American Union.

Stiglitz caused controversy in October 2001 when he exposed rampant corruption within the IMF and blew the whistle on their nefarious methods of inducing countries to fall under their debt before stripping them of sovereignty and hollowing out their economies.

Speaking on the nationally syndicated Alex Jones radio show, Stiglitz defined the process of globalization as a system that was "rigged against the poor countries, rigged for the advanced industrial countries - the result of that is there were an awful lot of losers."

The Columbia University Professor described how rampant privatization has crippled Mexico, in particular citing the sell-off of major infrastructure such as roads.

"They sold the roads to the private enterprise and the hope was that they would be more efficient but of course what happens is that they didn't maintain the roads, they couldn't generate enough revenue and they eventually had to default and give the roads back to the government."

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, had now moved from the third world to Europe, the United States and Canada.

These sentiments are especially disturbing when we consider the current fast-moving quasi-secret agenda to sell-off major American highways to foreign corporations who plan to turn them into toll roads for tracking and taxation purposes - collectively known as the NAFTA Superhighway. The program forms the framework for the advancement of the North American Union - a collective governmental, border and trading bloc that President Bush has signed the U.S. over to under the Security and Prosperity Partnership of March 2005.

As we previously reported , US citizens will be forced to adopt a de-facto national identification card and have their freedom of mobility defined by behavioral fealty to the government under proposals set to derive from NAFTA superhighway toll road systems and the implementation of the American Union.

"This is a movement that's gone on all over the world," said Stiglitz, "the movement of trying to turn over basic facilities - water, roads, to the private sector."

Speaking about the agenda of the World Bank since the installation of Paul Wolfowitz, Stiglitz highlighted the shift which began back in August 2001 whereby the Bush administration moved to block transparency of secret bank accounts, which in part facilitated the 9/11 terror attacks.

"Unfortunately in this current administration, the defense industries and the energy industries have really been running the show and it has been disastrous," said Stiglitz.

Discussing the warning signs of plummeting real estate prices in the U.S., Stiglitz stated that a global economic depression could only be avoided if a correction was made but at the moment all the indicators are that the situation is not being well managed.

"If it's well managed it will only be a slow-down, if it's not well-managed it could be a recession," said Stiglitz.

Asked if the debt bubble was being well-managed Stiglitz plainly responded in the negative.

"It's gonna be difficult....this has been perhaps the worst six years of mismanagement of the macro economy....I think we can avoid an implosion if we manage this carefully but it's going to be very risky," said Stiglitz, agreeing that if the same course continued to be followed a global depression would occur within 12-24 months.

Stiglitz said his reason for leaving the World Bank was that he was told he would not be able to speak his mind on the issues he considered paramount to the press, summarized as helping make the world a better place, and that the two "amicably parted ways." He also said that the IMF were particularly upset that his predictions about their disastrous policies quickly came true - which is an ominous portender for his thoughts on the possibility of a global crash.

Stiglitz also slammed the recently passed Military Commissions Act , stating that the bill, "really did compromise some of our basic rights," and that it was a "disaster" for American freedom.

8 Characters · 10-30-2006, 03:38 PM

And by predicting it he thereby causes it's avoidance. Quite the irony, no?

$5 submissions · 10-30-2006, 03:43 PM

Hmmmmm.... There's been many predictions of global crashes dating back from the 70's onward. None has panned out. Regardless, it would suck to be a modern day economic Cassandra though.

JD · 10-30-2006, 03:43 PM

shitty city

Webby · 10-30-2006, 03:56 PM

Hello?? They are not exactly hard elements to make predictions on. He's on a very safe bet.

wedouglas · 10-30-2006, 04:41 PM

I'll bet any of you $1 mil, that there will not be a global economic crash in 12-24 months. Any takers?

Webby · 10-30-2006, 04:46 PM

Quote:

Originally Posted by wedouglas

I'll bet any of you $1 mil, that there will not be a global economic crash in 12-24 months. Any takers?

Always takes longer than ya think.

It's like a corp slowly grinding into the dust - there will be lies, false claims, deceit, propaganda, more debt building and "action plans" for a rise from the ashes and promises of false hope - it takes a while to work thru all the shit and get to the facts.

Kinda like iBill, but on a bigger scale

PS Forget to mention a few changes of management.

DjSap · 10-30-2006, 04:47 PM

you will find crazy people everywhere...

wedouglas · 10-30-2006, 04:57 PM

Quote:

Originally Posted by Webby

Always takes longer than ya think.

It's like a corp slowly grinding into the dust - there will be lies, false claims, deceit, propaganda, more debt building and "action plans" for a rise from the ashes and promises of false hope - it takes a while to work thru all the shit and get to the facts.

Kinda like iBill, but on a bigger scale

PS Forget to mention a few changes of management.

But I really have nothing to lose on this bet. If there is a worldwide economic crash, what would $1 million be worth anyway? Risk vs Reward

Webby · 10-30-2006, 05:13 PM

Quote:

Originally Posted by wedouglas

But I really have nothing to lose on this bet. If there is a worldwide economic crash, what would $1 million be worth anyway? Risk vs Reward

hehe

Big Red Machine · 10-30-2006, 05:52 PM

The Thing about Doom and Gloomers if their ever proven right...its not exactly a time to celebrate.

ForteCash · 10-30-2006, 08:02 PM

Quote:

Originally Posted by Big Red Machine

The Thing about Doom and Gloomers if their ever proven right...its not exactly a time to celebrate.

Yeah no shit, but you can always be prepared by owning real gold in-hand. They say you should have at least 25% of your net assets in gold you hold in hand. 50% on your premisis in a safe, 50% in a bank deposit vault.

ForteCash · 10-31-2006, 06:06 AM

bump for good conversation

Angry Jew Cat - Banned for Life · 10-31-2006, 06:31 AM

holy shit sperminator, your sig gives me a migraine...

notabook · 10-31-2006, 06:34 AM

eh, if it happens it happens. I always have plan B to fall back on.

BVF · 10-31-2006, 06:39 AM

I remember reading about how Boliva's privatization of the water made it illegal for the average bolivian to even collect rain water...And the prices for actual water was way more than the average Bolivian could afford.

ForteCash · 10-31-2006, 09:19 AM

Quote:

Originally Posted by notabook

eh, if it happens it happens. I always have plan B to fall back on.

What, put a gun in your mouth?

Dollarmansteve · 10-31-2006, 09:23 AM

love the source.

...and it's called "the business cycle" for all you folks who havent taken eco101.

shake · 10-31-2006, 09:32 AM

Quote:

Originally Posted by ForteCash

Yeah no shit, but you can always be prepared by owning real gold in-hand. They say you should have at least 25% of your net assets in gold you hold in hand. 50% on your premisis in a safe, 50% in a bank deposit vault.

Where do you live again?

RawAlex · 10-31-2006, 09:44 AM

Dilbert to the rescue!

notabook · 10-31-2006, 09:07 PM

Quote:

Originally Posted by ForteCash

What, put a gun in your mouth?

Fuck no, bullets cost too much.

squishypimp · 10-31-2006, 09:10 PM

linkage to this article?

$5 submissions · 10-31-2006, 09:54 PM

Quote:

Originally Posted by Dollarmansteve

love the source.

...and it's called "the business cycle" for all you folks who havent taken eco101.

What he said

BusterBunny · 10-31-2006, 09:57 PM

all my money is in pesos so i think that actually might help me gain $

ForteCash · 10-31-2006, 10:02 PM

Quote:

Originally Posted by BusterBunny

all my money is in pesos so i think that actually might help me gain $

prolly better than being in dollars, thats for sure.

hydro · 11-01-2006, 03:14 AM

This doesn't affect me, i'm in the ICQ saling business. Its booming.

Dvae · 11-01-2006, 04:00 AM

I read as far as Alex Jones

Time to get out the tin foil hats...

ForteCash · 11-01-2006, 05:39 AM

Quote:

Originally Posted by Dvae

I read as far as Alex Jones

Time to get out the tin foil hats...

He's pretty well educated on what he talked about. He just gets too angry and screams too much on his show for me. His documentaries are pretty well done.

Martin · 11-01-2006, 06:03 AM

Think it will affect sales?

ForteCash · 11-01-2006, 06:07 AM

Quote:

Originally Posted by Martin

Think it will affect sales?

Yes, and sales would be the last thing on your mind, especially when it takes several thousand dollars to buy a loaf of bread.

Mr. Marks · 11-01-2006, 06:14 AM

What a pessimistic motherfucker. There's been all sorts of tinfoil hat morons talking about an economic collapse since WW2. None of it came to pass. Didn't even happen when the US came off the Gold standard.

SirMoby · 11-01-2006, 07:43 AM

Many have predicted that Dubya's policies would cause a crash in America around 2008 (give or take 2 years). We're just at the beginning stages and time will tell.

MaddCaz · 11-01-2006, 07:44 AM

crash BOOM

ForteCash · 11-01-2006, 12:08 PM

Quote:

Originally Posted by SirMoby

Many have predicted that Dubya's policies would cause a crash in America around 2008 (give or take 2 years). We're just at the beginning stages and time will tell.

Will be an interesting time non-the-less

godisdead · 11-01-2006, 12:56 PM

A crash is inevitable as it's part of our economic system. It just takes longer now that the gold standard is gone. Don't know when it will happen, but I fear at some point within my lifetime. Since I can't accurately predict the future, however, I can't say when that will be. It may take several decades.

Snake Doctor · 11-01-2006, 12:58 PM

Gee there's a surprise, someone selling gold predicting a worldwide economic collapse.

That's not self serving at all

JimiJimi · 11-02-2006, 01:46 PM

[QUOTE=ForteCash;11197987]bump for good conversation

[/QUOTE/]

There was a "World Wide Sell Program" at 10am sharp 4/27/06. That was the Kiss of Death for the Markets. SELL SELL SELL

QQQQ 52wk Range: 35.54 - 43.31 -42.23= 1.08 POINTS FROM HIGH.
Notice 2x's normal volume 173,950,096/2= 86,975,048

28-Apr-06 42.00 42.22 41.78 41.85 88,876,600 41.82
27-Apr-06 41.67 42.49 41.50 42.26 173,950,096 42.23***
26-Apr-06 41.86 42.06 41.70 41.86 82,537,000 41.83

ForteCash · 11-02-2006, 01:49 PM

[QUOTE=JimiJimi;11224026]

Quote:

Originally Posted by ForteCash

bump for good conversation

[/QUOTE/]

There was a "World Wide Sell Program" at 10am sharp 4/27/06. That was the Kiss of Death for the Markets. SELL SELL SELL

QQQQ 52wk Range: 35.54 - 43.31 -42.23= 1.08 POINTS FROM HIGH.
Notice 2x's normal volume 173,950,096/2= 86,975,048

28-Apr-06 42.00 42.22 41.78 41.85 88,876,600 41.82
27-Apr-06 41.67 42.49 41.50 42.26 173,950,096 42.23***
26-Apr-06 41.86 42.06 41.70 41.86 82,537,000 41.83

Wow!

JimiJimi · 11-03-2006, 01:09 PM

here's another thread on stocks ive been posting on you might find interesting. http://www.gfy.com/fucking-around-and-business-discussion/660330-uranium-fucking-fire-stocks-rocking.html

ForteCash · 11-03-2006, 01:27 PM

Quote:

Originally Posted by JimiJimi

here's another thread on stocks ive been posting on you might find interesting. http://www.gfy.com/fucking-around-and-business-discussion/660330-uranium-fucking-fire-stocks-rocking.html

Interesting

Lets trade links ...> www.penilefitness.com/links/

DoseOfAntidot · 11-04-2006, 04:35 PM

That aint gona be pretty

10-30-2006, 03:36 PM	#1
ForteCash Confirmed User Join Date: Feb 2006 Location: Kansas City, Missouri Posts: 3,278	Former World Bank Chief Economist Predicts Global Crash!!! Former World Bank Chief Economist Predicts Global Crash Nobel Prize winner Stiglitz highlights agenda of predatory globalism now arriving in America under auspices of NAFTA Superhighway, North American Union Paul Joseph Watson & Alex Jones/Prison Planet.com \| October 30 2006 Former World Bank Vice President, Chief Economist and Nobel Prize winner Joseph Stiglitz has predicted a global economic crash within 24 months - unless the current downturn is successfully managed. Asked if the situation was being properly handled Stiglitz emphatically responded "no," and also drew ominous parallels to the development of the NAFTA Superhighway and the North American Union. Stiglitz caused controversy in October 2001 when he exposed rampant corruption within the IMF and blew the whistle on their nefarious methods of inducing countries to fall under their debt before stripping them of sovereignty and hollowing out their economies. Speaking on the nationally syndicated Alex Jones radio show, Stiglitz defined the process of globalization as a system that was "rigged against the poor countries, rigged for the advanced industrial countries - the result of that is there were an awful lot of losers." The Columbia University Professor described how rampant privatization has crippled Mexico, in particular citing the sell-off of major infrastructure such as roads. "They sold the roads to the private enterprise and the hope was that they would be more efficient but of course what happens is that they didn't maintain the roads, they couldn't generate enough revenue and they eventually had to default and give the roads back to the government." 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, had now moved from the third world to Europe, the United States and Canada. These sentiments are especially disturbing when we consider the current fast-moving quasi-secret agenda to sell-off major American highways to foreign corporations who plan to turn them into toll roads for tracking and taxation purposes - collectively known as the NAFTA Superhighway. The program forms the framework for the advancement of the North American Union - a collective governmental, border and trading bloc that President Bush has signed the U.S. over to under the Security and Prosperity Partnership of March 2005. As we previously reported , US citizens will be forced to adopt a de-facto national identification card and have their freedom of mobility defined by behavioral fealty to the government under proposals set to derive from NAFTA superhighway toll road systems and the implementation of the American Union. "This is a movement that's gone on all over the world," said Stiglitz, "the movement of trying to turn over basic facilities - water, roads, to the private sector." Speaking about the agenda of the World Bank since the installation of Paul Wolfowitz, Stiglitz highlighted the shift which began back in August 2001 whereby the Bush administration moved to block transparency of secret bank accounts, which in part facilitated the 9/11 terror attacks. "Unfortunately in this current administration, the defense industries and the energy industries have really been running the show and it has been disastrous," said Stiglitz. Discussing the warning signs of plummeting real estate prices in the U.S., Stiglitz stated that a global economic depression could only be avoided if a correction was made but at the moment all the indicators are that the situation is not being well managed. "If it's well managed it will only be a slow-down, if it's not well-managed it could be a recession," said Stiglitz. Asked if the debt bubble was being well-managed Stiglitz plainly responded in the negative. "It's gonna be difficult....this has been perhaps the worst six years of mismanagement of the macro economy....I think we can avoid an implosion if we manage this carefully but it's going to be very risky," said Stiglitz, agreeing that if the same course continued to be followed a global depression would occur within 12-24 months. Stiglitz said his reason for leaving the World Bank was that he was told he would not be able to speak his mind on the issues he considered paramount to the press, summarized as helping make the world a better place, and that the two "amicably parted ways." He also said that the IMF were particularly upset that his predictions about their disastrous policies quickly came true - which is an ominous portender for his thoughts on the possibility of a global crash. Stiglitz also slammed the recently passed Military Commissions Act , stating that the bill, "really did compromise some of our basic rights," and that it was a "disaster" for American freedom. __________________ NO PILLS - NO EXPENSIVE STRETCHERS - JUST REAL EXERCISES THAT WORK! "Upsell Your Members The Top Penis Enlargement Site!" Link Exchanges & Traffic Trades www.penilefitness.com/links/ ICQ: 63935693 $50 per trial with www.ForteCash.com

10-30-2006, 03:43 PM	#3
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Hmmmmm.... There's been many predictions of global crashes dating back from the 70's onward. None has panned out. Regardless, it would suck to be a modern day economic Cassandra though. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

10-30-2006, 03:56 PM	#5
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	Hello?? They are not exactly hard elements to make predictions on. He's on a very safe bet. __________________ XXX TLD's - Another mosquito to swat.

10-30-2006, 04:47 PM	#8
DjSap Confirmed User Join Date: Jul 2002 Posts: 3,869	you will find crazy people everywhere... __________________ Blog Themes, TGP Design, Writing Services, Grunt Work ICQ: 66871495

10-30-2006, 05:52 PM	#11
Big Red Machine Confirmed User Join Date: Jan 2005 Location: XXXBigRed@Twitter Posts: 9,586	The Thing about Doom and Gloomers if their ever proven right...its not exactly a time to celebrate. __________________ ICQ:475437214

10-30-2006, 03:38 PM	#2
8 Characters So Fucking Banned Join Date: Jan 2005 Location: This month's character: Dirty Franck Posts: 2,336	And by predicting it he thereby causes it's avoidance. Quite the irony, no?

10-30-2006, 03:43 PM	#4
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	shitty city

10-30-2006, 04:41 PM	#6
wedouglas So Fucking Banned Join Date: Aug 2004 Location: Dearborn, MI Posts: 5,921	I'll bet any of you $1 mil, that there will not be a global economic crash in 12-24 months. Any takers?

10-31-2006, 06:06 AM	#13
ForteCash Confirmed User Join Date: Feb 2006 Location: Kansas City, Missouri Posts: 3,278	bump for good conversation __________________ NO PILLS - NO EXPENSIVE STRETCHERS - JUST REAL EXERCISES THAT WORK! "Upsell Your Members The Top Penis Enlargement Site!" Link Exchanges & Traffic Trades www.penilefitness.com/links/ ICQ: 63935693 $50 per trial with www.ForteCash.com

10-31-2006, 06:31 AM	#14
Angry Jew Cat - Banned for Life (felis madjewicus) Industry Role: Join Date: Jul 2006 Location: In Mom & Dad's Basement Posts: 20,368	holy shit sperminator, your sig gives me a migraine...

10-31-2006, 06:34 AM	#15
notabook Confirmed User Join Date: Apr 2006 Location: Not a Library! Posts: 9,748	eh, if it happens it happens. I always have plan B to fall back on. __________________

10-31-2006, 06:39 AM	#16
BVF Black Vagina Finder Join Date: Jan 2002 Location: The Midwest Posts: 13,975	I remember reading about how Boliva's privatization of the water made it illegal for the average bolivian to even collect rain water...And the prices for actual water was way more than the average Bolivian could afford. __________________ Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

10-31-2006, 09:23 AM	#18
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	love the source. ...and it's called "the business cycle" for all you folks who havent taken eco101. __________________ I died.

10-31-2006, 09:44 AM	#20
RawAlex So Fucking Banned Join Date: Oct 2003 Location: In a house. Posts: 9,465	Dilbert to the rescue!

10-31-2006, 09:10 PM	#22
squishypimp PostMaster General Join Date: Aug 2006 Posts: 10,781	linkage to this article? __________________ Signature For Sale

10-31-2006, 09:57 PM	#24
BusterBunny perverted justice decoy Join Date: Aug 2005 Location: unborn still in the womb connected via blackberry Posts: 19,291	all my money is in pesos so i think that actually might help me gain $ __________________ my sig caught gonoherpasyphilaids and died

11-01-2006, 03:14 AM	#26
hydro Confirmed User Join Date: Dec 2003 Location: Dirty 3rd Posts: 4,216	This doesn't affect me, i'm in the ICQ saling business. Its booming.

11-01-2006, 04:00 AM	#27
Dvae Confirmed User Industry Role: Join Date: Feb 2005 Location: US Posts: 5,326	I read as far as Alex Jones Time to get out the tin foil hats... __________________ . . Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

11-01-2006, 06:03 AM	#29
Martin "Assassins" Industry Role: Join Date: Dec 2001 Location: At home Posts: 17,277	Think it will affect sales?

11-01-2006, 06:14 AM	#31
Mr. Marks Confirmed User Join Date: Jun 2001 Location: Wherever I want Posts: 7,517	What a pessimistic motherfucker. There's been all sorts of tinfoil hat morons talking about an economic collapse since WW2. None of it came to pass. Didn't even happen when the US came off the Gold standard.

11-01-2006, 07:43 AM	#32
SirMoby Confirmed User Join Date: Jan 2003 Posts: 583	Many have predicted that Dubya's policies would cause a crash in America around 2008 (give or take 2 years). We're just at the beginning stages and time will tell.

11-01-2006, 07:44 AM	#33
MaddCaz Confirmed User Join Date: Mar 2006 Location: Illinois Posts: 9,483	crash BOOM __________________ BigCocks.com - MatureWomen.com - Tranny.com - DrunkGirls.com - TeenGirls.com - MonsterCock.com and many more... Click here to see them all!

11-01-2006, 12:56 PM	#35
godisdead Confirmed User Join Date: Jun 2006 Posts: 1,213	A crash is inevitable as it's part of our economic system. It just takes longer now that the gold standard is gone. Don't know when it will happen, but I fear at some point within my lifetime. Since I can't accurately predict the future, however, I can't say when that will be. It may take several decades. __________________ $40 Flat Fee 70% Revshare YEAH THOSE ARE CRAZY PAYOUTS coming soon Crazy Payouts

11-01-2006, 12:58 PM	#36
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	Gee there's a surprise, someone selling gold predicting a worldwide economic collapse. That's not self serving at all __________________ sig too big

11-02-2006, 01:46 PM	#37
JimiJimi Confirmed User Join Date: Aug 2006 Location: Ft. Lauderdale, Florida Posts: 483	"World Wide Sell Program" [QUOTE=ForteCash;11197987]bump for good conversation [/QUOTE/] There was a "World Wide Sell Program" at 10am sharp 4/27/06. That was the Kiss of Death for the Markets. SELL SELL SELL QQQQ 52wk Range: 35.54 - 43.31 -42.23= 1.08 POINTS FROM HIGH. Notice 2x's normal volume 173,950,096/2= 86,975,048 28-Apr-06 42.00 42.22 41.78 41.85 88,876,600 41.82 27-Apr-06 41.67 42.49 41.50 42.26 173,950,096 42.23*** 26-Apr-06 41.86 42.06 41.70 41.86 82,537,000 41.83 __________________ Call or Click http://18666WebCam.com

11-03-2006, 01:09 PM	#39
JimiJimi Confirmed User Join Date: Aug 2006 Location: Ft. Lauderdale, Florida Posts: 483	here's another thread on stocks ive been posting on you might find interesting. http://www.gfy.com/fucking-around-and-business-discussion/660330-uranium-fucking-fire-stocks-rocking.html __________________ Call or Click http://18666WebCam.com

11-04-2006, 04:35 PM	#41
DoseOfAntidot Registered User Join Date: Nov 2006 Posts: 50	That aint gona be pretty