The Chronicles Of Depression 2.0, #001
Bear Stearns exposed as a bank saddled with toxic sub-prime debt
You have to go back to the banking crisis of the Great Depression to find a moment when the financial system as a whole seemed so close to the precipice.
The true extent of just how bad things really are here in the U.S. is only being published in England.
This got me to thinking about why Rupert Murdoch went and bought the Wall Street Journal.
One of two things is going on here:
1) Murdoch knows what’s coming and thinks having the Journal is a way to cash in
or
2) Murdoch knows what’s coming and having the Journal is a way to suppress the truth
Given Murdoch’s political proclivities, I lean towards Conspiracy Theory #2.
Because I see what he does with cable TV’s Fox News.
March 16, 2008 at 11:02 pm
[...] The next great depression come with two conspiracy flavors. Choose wisely. [...]