Tiger Moth Posted March 25, 2009 Author Report Share Posted March 25, 2009 Thanks for the link. Initially, I viewed Chpt. 20 and now will go through all 20 chapters. Chpt. 20 was enough for me to see that the fears I have in my gut are reasonable fears to have and I need to address them intelligently even if the worst does not come to pass. Link to comment Share on other sites More sharing options...
Tiger Moth Posted March 28, 2009 Author Report Share Posted March 28, 2009 Yesterday and today, I went through the entire crash course. I found nothing that didn't seem to reflect what seems to be happening in the US economy. Very scary indeed! But, better to be informed than not even if the info is not pleasant. Thanks again for posting the link. Link to comment Share on other sites More sharing options...
cavanami Posted March 28, 2009 Report Share Posted March 28, 2009 Looks interesting! I see that he directs you to a bittorrent of his DVD, so I am doing that now (3.5 Gb). If someone wants a DVD copy, let me know and I can bring ya one on a Friday sometime. Link to comment Share on other sites More sharing options...
mongon Posted March 29, 2009 Report Share Posted March 29, 2009 I,m in agreement with Tiger Moth (unfortunately). We are headed for a very bad time. The new U.S plan to have a public-private partnership buy the toxic derivatives (nicely re-named "legacy" assets by the US gov) is just another way to make some well connected Wall St company rich. It creates a whole new pile of debt (US guaranteed derivatives) while dumping huge losses on the taxpayer. This is not a solution it is just piling debt onto the gov while allowing the players who created this to keep going. The US national debt is now over $11 trillion and Obama will add another $1.5 trillion this year alone and states that his budget will double the national debt over the next ten years (because these are "extraordinary" circumstances). Wall Streets addiction to debt was absurd and market forces shut the players down along with the global finance system. So the US gov will ignore the market and try to re-inflate the bubble by doubling down on Wall Streets debt addiction. The government debt bubble won't last long. China is already moving away from purchases of long term Treasuries; now the Fed Reserve is buying them up. A whole lot of paper being printed and traded between the Fed and Treasury and it won,t be long before the fed ends up buying most of the treasuries at auction. It does not surprise me that China and Russia want to see some alternative to the dollar. They can see what is coming. Link to comment Share on other sites More sharing options...
HeartThais Posted March 29, 2009 Report Share Posted March 29, 2009 The Geitner plan is good for wall-street and hedge funds but bad for taxpayers. It's a free put option on these assets funded ultimately by the taxpayers. It is a way to hide risk (that should normally be compensated) to the public through a little bit of financial engineering. But let's face it. It's the only one that can be passed because the only thing Americans fear more than financial engineering is socialism. Only socialists nationalize banks and god forbid that happens. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted March 29, 2009 Report Share Posted March 29, 2009 Obama's financial plans go far beyond. He's intent on nationalizing the financial markets, education, health care, industry, housing...all socialist adventures in the name of "extraordinary" circumstances/alleged "crises". HH Link to comment Share on other sites More sharing options...
kamui Posted March 29, 2009 Report Share Posted March 29, 2009 Obama's financial plans go far beyond. He's intent on nationalizing the financial markets, education, health care, industry, housing...all socialist adventures in the name of "extraordinary" circumstances/alleged "crises". HH Hehe, the US is becoming European. :content: Link to comment Share on other sites More sharing options...
Old Hippie Posted March 29, 2009 Report Share Posted March 29, 2009 So all this talk of cycles...why? they aren't carved in stone, and the world is changing, thus so may these cycles...what little I know about economics is you can't really predict shit as a lot is based on human emotion. And for every theory, there is a counter theory... Link to comment Share on other sites More sharing options...
kamui Posted March 29, 2009 Report Share Posted March 29, 2009 So all this talk of cycles...why? they aren't carved in stone, and the world is changing, thus so may these cycles...what little I know about economics is you can't really predict shit as a lot is based on human emotion. And for every theory, there is a counter theory... I probably depends how long you are stretching a cycle. But we have a real good account of one long cycle: Link. :content: 1929 was definitely not like today. As far as I see, history/economy is more meandering than a cycle. Link to comment Share on other sites More sharing options...
cavanami Posted March 29, 2009 Report Share Posted March 29, 2009 The Chris Martenson DVD was quite the doom and gloom but if 10% of what he says comes to pass, the USA and much of the world is farked! Problem with the DVD, it didn't have #20 on it, so have to watch his solutions/ideas on the website... Link to comment Share on other sites More sharing options...
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