I now have one of the most powerful classification methods of the statistical literature. Anyone has any sports/poker model that can be cast into a decision/classification poblem? My algorithm will get the most the data can offer. If interested we go 50/50. Email me.
Anyway, let's cut to the chase.
I don't usually read antichrist prophets, but I like to enjoy myself with some really pessimistic and apocalyptic views that Alex Jones, Lindsey Williams and the like offer. I don't do Fulford... I can't explain what's with that guy.
Here's a piece from William's site:
Emergency update JP Morgan $2 billion loss May 2012 The Banks are all broke, they aren't going broke. Banks don't need money to spend money, they just use credit based on derivatives they they have marked in there books as being worth something. It's all off the counter. The US is broke, does that stop the US from starting more wars? They have credit. The game ends when the debts are called in, but everybody has a gun to everybody's head. Nobody dares to pull the trigger.Whatever you might think of the guy, you have to admit that is true.
I believe banks will be the last companies to fall. They will merge, the little ones may go bankrupt and bought by the usual suspects for a penny, but in the end, everybody will fall. Big brother is just too big nowadays, people can't rely on their local industries, a resort to paper currency is basic. Paper currencies will fall, but they will drag the entire Western civilization with them, and maybe the world.