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What is certain, as of now, unless there's a very radical change from anything in sight between now and the middle of October, is, we are in a period of a general breakdown of the entire world financial system. That is not an exaggeration. That's not maybe: The breakdown of the entire international financial system is now in progress.
The thing that will trigger the breakdown, is the collapse of the U.S. dollar. The whole system is ready to go: Where is the detonator on the explosive charge? The detonator on the explosive charge is inside the United States, and involves the effect of a collapse of the value of the dollar on the international market. And by collapse, I mean collapse. We have 48 states in the United States, which are formally in bankruptcy; we have a debt outstanding against the U.S. Treasury and Federal Reserve System, in the order of magnitude of $24-25 trillion: A collapse of the debt of that magnitude, in the U.S. dollar, would blow every economy in the world, immediately, into bankruptcy. Which means, we're on the verge of a crisis, which is going to hit between now, and the 15th or 25th of October, which is following the end of the U.S. fiscal year, which is the end of September.
Very scary. Still hinting that a global reset is the most likely outcome.
Is it still running the same "stories" re: research/polls from Gartner predicting something that will be proven to be totally wrong in 5 years?
1. Headlines.
2. ad for hosting
3. headlines
4-5. Tesco and Fidelity Investments going to India and how it's a good thing
6. Gartner ad
7. "Optimism returns"
8. BCS interview: "the government is crap"
9. Ad for The Institution of Engineering and Technology (who?)
10. Children's charity appeal
11-12. Some tedious 'Comment' waffle: "spend now", the "government is crap"
13. Ad for some tedious web site of waffle
14-15. Letters: "ID cards crap"
16-17. "Windows 7 is perfect"
18. "Outsourcing is a good thing"
19. vnunet has rebranded to v3
20. More "Outsourcing is a good thing"
21. 3 job ads from Computing's own job web site (so no job ads really).
22. Backbytes! Dilbert!
23. Ad for the Institution of Analysts & Programmers (much better than the IET one)
24. Ad for Kyocera printers.
About 41% of senior professionals were more confident about their business prospects in the next year, but only 6% were much more confident, indicating that some caution remains.
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