fortunately, the children are mostly busheviks and deserve everything they gonna get:
http://www.siliconinvestor.com/readmsg.aspx?msgid=21387557snip>
Renowned Funds Manager Predicts Global Economic Collapse
By Al Martin
(May 30) There was an interview on CNBC of the renowned funds manager Julian Robertson. He is one of the greatest of the
old-timers. 53 years on the Street. He manages the Robertson group of funds. They used to call him, still do call him
´Never Been Wrong´ Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bear
market. Of course, he´s a very old man now. But his reputation on the Street is like nothing you could imagine. When the
segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone.
That´s how powerful this man´s reputation is.
Robertson was actually a teary-eyed, an old man. When Ron Insana asked him about his predictions, he said that he´s worried
about the speculative bubble in housing and the fact that more than 1/4 of all consumer spending is now sustained by that
bubble, plus the fact that 20 million citizens could lose their homes in a collapse of the speculative bubble in housing,
and that the Fed and, indeed, central banks worldwide would act in concert out of desperation to reinflate the global
economy in the process, creating an inflationary spiral unheralded in the economic history of the planet.
Insana then asks, "Where does it end?" And he said, "Utter global collapse." Not simply economic collapse; complete
disintegration of all infrastructure and of all public structures of governments. Utter, utter collapse. That the end is
collapse of simply epic proportion.
In 10 years time, he said, whoever is still alive on the planet will be effectively starting again
<snip
reposted from earlier DU thread