Posted: 2/11/2010 5:15:17 AM EDT
|
Fairly mainstream economist, mainstream publication, owned by mainstream CBS. This ain't looking good.
http://www.marketwatch.com/story/story/print?guid=C3A7C2B5-89BD-4D1D-B306-CB891C48FD74 |
|
When you sign that loan agreement, you are signing away your independence to some degree.
"Hi, would you like to own part of me so I can have this item sooner? Thanks!!!!" Eventually they will come calling, and you've already psychologically placed them in a superior position. |
|
even though the storm on the horizon looks very, very unpleasant (indeed!)....
The past 24 months have done nothing but reiterate to me, the seemingly unfathomable ability of those in power to continually prolong the inevitable. In other words, it can be very difficult to judge just how far away that storm really is. |
|
Quoted:
even though the storm on the horizon looks very, very unpleasant (indeed!).... The past 24 months have done nothing but reiterate to me, the seemingly unfathomable ability of those in power to continually prolong the inevitable. In other words, it can be very difficult to judge just how far away that storm really is. +1 |
|
Quoted:
I wonder how long a senator (for an example) who had a hand in causing all this shit would last at his "retreat" in the countryside?  Didn't you read it?
hedge fund manager Barton Biggs, a highly respected Insider in the "Happy Conspiracy," advised rich insiders to expect the "possibility of a breakdown of the civilized infrastructure."
His advice: Make tons of money. Buy an isolated farm in the mountains. Protect family against the barbarians: "Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson." How Wall Street insiders will treat Main Street in 'The Anarchy' And when the barbarians do come, firing "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage." 20 rounds of .308 and you're good to go! 
First it was banks and quasi government entities like Fanny and Freddy. It seems to have moved past states to countries. They have just postponed the inevitable with Greece. Athens will be back to the trough for more. If the German banks buy Greek paper there will be no austerity. If the IMF comes to the rescue the austerity it imposes will ensure no for environment recovery. |
|
Quoted:
If the ECB and the EU, allow Greece to go down, then Spain, Portugal, and Italy will not be far behind. Oh, what fun!!!  You left out Ireland. My guess is that while we might be fucked here in America, everyone else is fucked worse. In either event, you'll have at least a few days advance warning that things are coming apart at the seam, and more likely weeks or months of malaise deteriorating into total crap. John |
|
Quoted:
even though the storm on the horizon looks very, very unpleasant (indeed!).... The past 24 months have done nothing but reiterate to me, the seemingly unfathomable ability of those in power to continually prolong the inevitable. In other words, it can be very difficult to judge just how far away that storm really is. Funny thing about winding up a spring, there is not a lot of notice before it snaps and unwinds violently. |
|
I truly believe that both Big Bro and Businesses are both to blame. I could never understand inflation,other then pure greed.
To me the words of one the Corps finest ring true. War is a Racket Some of my friends have suddenly decided to build a very self contained refuge. They have been fearing this for some time. How long do we have? How long will it last? Don't think anyone knows. |
|
Quoted:
Only government can create or cause inflation. How can you blame business???? Ever heard of the Federal Reserve? It's not our government. They made the most recent demands that the taxpayers bail out Wall Street. We can't lay some blame on Goldman Sachs? AIG? Enron, even? |
|
Quoted:
Quoted:
I wonder how long a senator (for an example) who had a hand in causing all this shit would last at his "retreat" in the countryside? Didn't you read it?
hedge fund manager Barton Biggs, a highly respected Insider in the "Happy Conspiracy," advised rich insiders to expect the "possibility of a breakdown of the civilized infrastructure."
His advice: Make tons of money. Buy an isolated farm in the mountains. Protect family against the barbarians: "Your safe haven must be self-sufficient and capable of growing some kind of food ... It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson." How Wall Street insiders will treat Main Street in 'The Anarchy' And when the barbarians do come, firing "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage." 20 rounds of .308 and you're good to go!
First it was banks and quasi government entities like Fanny and Freddy. It seems to have moved past states to countries. They have just postponed the inevitable with Greece. Athens will be back to the trough for more. If the German banks buy Greek paper there will be no austerity. If the IMF comes to the rescue the austerity it imposes will ensure no for environment recovery. Yeah.... If I was a looter, I would just pull back and spend the next week or so sniping them from a distance.... Especially if I knew they had a hand in this mess.... |
|
Quoted:
Quoted:
If the ECB and the EU, allow Greece to go down, then Spain, Portugal, and Italy will not be far behind. Oh, what fun!!! You left out Ireland. My guess is that while we might be fucked here in America, everyone else is fucked worse. In either event, you'll have at least a few days advance warning that things are coming apart at the seam, and more likely weeks or months of malaise deteriorating into total crap. John how so? |
|
Quoted:
Quoted:
If the ECB and the EU, allow Greece to go down, then Spain, Portugal, and Italy will not be far behind. Oh, what fun!!! They said today they were going to bailout Greece No, they said that they were going to support Greece. There has been no firm talk about money....yet. |
|
Quoted:
When you sign that loan agreement, you are signing away your independence to some degree. "Hi, would you like to own part of me so I can have this item sooner? Thanks!!!!" Eventually they will come calling, and you've already psychologically placed them in a superior position. that's only as long as we play by their rules. 
|
|
Quoted:
Quoted:
Only government can create or cause inflation. How can you blame business???? Ever heard of the Federal Reserve? It's not our government. They made the most recent demands that the taxpayers bail out Wall Street. We can't lay some blame on Goldman Sachs? AIG? Enron, even? As you just said, they made demands. Although they are quasi government, it was (generally speaking) congress and the president that inflated the currency via bailouts and borrowing for various expenditures. Bailouts were not necessary, so no, you can't blame private business. They do not have the power to alter monetary policy. Inflation is a monetary phenomenon that effects private business as well as individuals. We (business and individuals) can only react to it. |
|
You want to see how WE are being F'd in the ass by the Banksters and CONgress? Want to see how we don't have a financial chance in Hell as long as these criminals are allowed to constantly rip us off?
Watch this video, it's a few minutes long. It's in PLAIN ENGRISH. WARNING, if you have high blood pressure take your meds first. http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086 |
|
Another vid for your 'entertainment'. Pretty much what you need to know about the crooks in DC,
http://www.youtube.com/watch?v=thR-lVuztIY&feature=player_embedded# |
|
Quoted:
Quoted:
Quoted:
Only government can create or cause inflation. How can you blame business???? Ever heard of the Federal Reserve? It's not our government. They made the most recent demands that the taxpayers bail out Wall Street. We can't lay some blame on Goldman Sachs? AIG? Enron, even? As you just said, they made demands. Although they are quasi government, it was (generally speaking) congress and the president that inflated the currency via bailouts and borrowing for various expenditures. Bailouts were not necessary, so no, you can't blame private business. They do not have the power to alter monetary policy. Inflation is a monetary phenomenon that effects private business as well as individuals. We (business and individuals) can only react to it. I'll quit pussy-footing with my statements. Greenspan states that The Federal Reserve answers to no other agency of government, including the President. So the argument becomes, who is The Federal Reserve? Is it government or not? Do you say it is? |
|
Quoted:
Quoted:
Quoted:
Quoted:
Only government can create or cause inflation. How can you blame business???? Ever heard of the Federal Reserve? It's not our government. They made the most recent demands that the taxpayers bail out Wall Street. We can't lay some blame on Goldman Sachs? AIG? Enron, even? As you just said, they made demands. Although they are quasi government, it was (generally speaking) congress and the president that inflated the currency via bailouts and borrowing for various expenditures. Bailouts were not necessary, so no, you can't blame private business. They do not have the power to alter monetary policy. Inflation is a monetary phenomenon that effects private business as well as individuals. We (business and individuals) can only react to it. I'll quit pussy-footing with my statements. Greenspan states that The Federal Reserve answers to no other agency of government, including the President. So the argument becomes, who is The Federal Reserve? Is it government or not? Do you say it is? We've got far bigger problems than the Fed that many focus on. The Fed is mostly irrelevant compared to the other. It's called CONgress. |
|
I don't mean to defend government while bashing business. The current problem is the private-public partnership of government and business, often multi-national business that doesn't care about Americans (but wants government to take our dollars for them). Government is for sale to the highest bidder. Business has more money (from lobbiests) to offer than any of us could muster. We stand no chance, except by divine intervention.
This will pass, but it will be uglier first. |