Remember this Quote: “I’m less pessimistic than I was at the back end of 2008 … I don’t think this is going to be as bad as what we saw in 2008-2009,”

Today John Key has been quoted as saying: “I’m less pessimistic than I was at the back end of 2008 … I don’t think this is going to be as bad as what we saw in 2008-2009,”.

Let me remind you that in 2008 John Key did not express any worry about the banking collapse and told us that it was just a glitch and that we were sooo well positioned to keep on growing, yadiyadiyada!

Just before John Key went  to the US he told the NZ press that he was worried about the US economy and that he was going to talk with “Those in the know” about what was going to happen in the foreseeable future.
The idea was that if the US would raise their debt ceiling everything was going to be all right. But it isn’t is it?

The Dow is plunging, stock markets around the world are getting a beating and the price of gold is rising to all times highs.

But John Key is smiling his demented manic smile and saying… “I don’t think it is going to be as bad as what we saw in 2008-2009.”

I think he is on heavy medication. Possibly because a large portion of his wealth is tied up in the Bank of America which is collapsing as we speak.

In any case hold onto your hats ladies and gentlemen and I hope you’ve got your veggie beds in order and are of the grid because it’s going to be a rough ride and the captain of the ship has left the building.

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2 thoughts on “Remember this Quote: “I’m less pessimistic than I was at the back end of 2008 … I don’t think this is going to be as bad as what we saw in 2008-2009,”

  1. I love it… “those in the know”… JK means his handler – Timothy Geithner. JK’s not on any medication, nor is he delusional… he knows exactly what he’s doing and he’s doing what was asked of him. Still I think he might be having a few sleepless nights as BoA’s share price has dropped from a pre-2007 high of $54 to $8 today.

    I wonder if JK has been buying gold…?

    • I’m sure he has diversified somewhat but what is interesting is that he told in pre-election interviews that he had diversified and lost some of his value but that he was generally all right.

      He went to London in August 2008 and had a breakfast meeting with his former Merrill Lynch bosses and according to his own words they told him about the precarious situation of the bank.

      John was paid his bonuses in shares and bonds and some or most of them in long term contracts.

      They turned up as BofA shares in the Government files and they were the only ones not in his blind trust.

      BofA has lost 90% of it’s share value in the last Q of last years and is continuing to loose value as their exposure to the European collapse becomes more clear and has recorded a $ 8.8 billion loss in the last Q of this year and Max Keiser has stated that he thinks they could be the next bank to be thrown before the buss.

      I’m sure John Key’s job (that is if he wants to have a good job after he leaves NZ again) is to bankrupt this country and to sell it of for cents on the dollar to his mates. He has to if he wants to hold on to a large chunk of his fortune.

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