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goldissima

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  1. It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges." — John Maynard Keynes What is particularly fascinating with John Maynard Keynes is that he wrote a theory that only works on paper since it assumes that monetary, political and financial managers will never abuse the power of indebtedness. So, what to think of this worldwide credit squeeze and its implemented cure that is no more less the cause of the disease and could spiral at any moment into a 'Greater Depression'. This week Gregory Mankiw, a professor of economics at Harvard, wrote a piece in the NYTimes asking openly what Keynes would have done to deal with the crisis. Just another nice but failed attempt to praise the Keynesian fairy tales. Mankiw cites the observation which links the root cause of economic downturns to insufficient aggregate demand. What demand when the consumers are completey tapped out in the first place? How can world governments create demand when they are literally bankrupt? LONG/WITH TONS OF HYPERLINKS http://www.un-debt.net/
  2. as I see it, itis a conglomerate of the politician bodies allied with central bankers and all their cheerleaders lobbies.
  3. documented many hyoerlinks, click on the link below Systemic Paralysis August 2008 Usury, to be clear about it, is rich people taking advantage of poor people by lending them money on terms that are sure to make them fail - William Greid It is often argued that times were a lot harder in the old days but this statement is far from true. Such an assumption rather tends to reflect on a poor existential knowledge and the superstition that a lack of control over the world events is beyond one's own reach. Like any other species, humans get used to their own (predatory) environment and deal with it accordingly. Many dangers have become so familiar to the point to appear rather harmless. And then there is this infamous cultural thinking that "good will prevail" anyway. While lies always get exposed eventually, truth carries in its wake a series of painful realizations. It has always been a jungle out there and in this time and place, something has radically changed the fabric of society; something so insidious that goes far beyond 'greed' and which is so deeply entrenched that is repellent to the mind to even think of doing something about it. To put it bluntly, if something were done, chaos would occur instantly and of course nobody really wants this to happen. This is the main reason why we'll have to wait until the system auto-destructs completely in order to finally envision the possible end of the tunnel and real solutions. Although we've heard a lot about predatory lending lately, not enough about predatory borrowing was said and nothing at all about 'predatory rumors' without which the mania could never have existed. The 'buzz' is a major component that glued everything together and mesmerized everybody, even those who couldn't afford a piece of the so-called American Dream. It is only when one realizes this, that the blame game is exposed for what it truly is. Back to reality: a study from the Center for Economic Policy & Research in Washington, DC. projected that the bust will mostly wipe out two decades of family-earned wealth. Who cares to listen now? Lets not kid ourselves: debt-laden economies allow 'the powers-that-be' (TPTB) to pull the plug whenever they want - either by restricting credit lines or just waiting until the consumer can no longer borrow. So now, the Middle Class is 'On the edge' completely unaware of how it got there. So far the price tag stands at $100TN!.... more/long http://un-debt.net/
  4. June 200 By SB Kayser MORE/LONG/VIDEO http://www.un-debt.net/
  5. Global Elites Gone Bonkers By SB Kayser | March 10, 2007 There is no shortage of disconnects in logic in the economic world we live in. Bill Gross, manager of the world's largest bond mutual fund, sums it up like this: it is a 'Frankensteinian' levered body of shadow banks promoting a chain letter, pyramid scheme of leverage.' ... Is there a revolt of 'The Debt-Slaves' in sight? more/long/documented with many hyperlinks http://www.moneyfiles.org/sbk09.html world crash updates - 60,000+ articles http://www.moneyfiles.org/
  6. Hey Buddy, Can You Spare $1,000 Trillion? By SB Kayser | November 15, 2007 I write each editorial under the impression that a major event is going to prevent me from drafting the next one. My fear almost came true. This one was scheduled to be released early October then delayed due to an avalanche of scary news unseen before in my lifetime. The threat of 'monetary terrorism' has only one remedy called 'financial detoxification'. However, thanks for taking the time to read this column, which could have easily been much longer. As you will see, nobody can stop this freight train. The story of the upcoming world crash is hidden in plain sight. Even mayor Bloomberg has jumped in the gloom and doom bandwagon: a global economic downturn was looming, triggered by the "lunacy" of public debt, he declared last month. Meanwhile denial continues. Although nearly 70% of the Americans do fear a recession, the possibility of a major crisis is not considered. A crisis? Not in my backyard, most of them think. It all boils down to faith. To be fair, the 'empire mentality' was born with history. Eventually people wake up to the harsh reality that the empire lied to them. The only successful government programs are wars and economic crises. When two or three decades of prosperity end with a crash and geopolitical crisis, what does this mean - frankly? Once again, the numbers tell a very different story than which we are being told. Yes dear Readers, you're not hallucinating. There is currently at least a $1,000 trillion dollar black hole in the world economy. To get the full picture, please keep on reading. LONG/MANY HYPERLINKS http://www.moneyfiles.org/sbk07.html
  7. Does Marketing 'Envy' Cause Poverty? August 25, 2007 Until 9-11, and its ensuing epiphany, I wasn't much interested in economics. Then I quickly grasped that studying the arcane art of money and power was much more entertaining than watching any Hollywood thriller ever produced. Before stating anything else further, my belief is that economics and philosophy complete one another. Although some might argue otherwise, a diatribe as to whether 'Envy' belongs to the realm of philosophy or economics doesn't serve any real purpose at this stage. The bottom line is that 'envy' is detrimental to wallets and portfolios. As a matter of fact, in the Western culture, the world 'Envy' doesn't sound as bad as 'Jealousy'. In many instances 'envy' is even perceived as flattering. It has little to do with its initial meaning, which you will see can be highly threatening. ........ The Puppet-Bubbleites, which are the consumers feeding the multi-layer social pyramid by working hard and dreaming of success envy. They want to feel rich even if this implies having 2 or 3 jobs, living from paycheck to paycheck and buying from China while piling on debts every day more and more. The common man has no idea about the true meaning of 'inflation'. This is a world issue, no matter the culture or race. They applaud every time a lawmaker promises to deliver more IOUs. As a result there are now 600 T-R-I-L-L-I-O-N in unfunded liabilities at all levels of the global economy. MORE-LONG http://www.moneyfiles.org/sbk06.html (many hyperlinks on original page)
  8. As if Greenscam didnt know: who says low interest rates says also predatory lending... booms are all fueled by credit whatsoever. This is very well documented on http://www.moneyfiles.org, a site tracking the global crash. Greenspan: Crisis 'an accident waiting to happen' September 17 2007 (Fortune Magazine) -- Alan Greenspan's memoir arrives with remarkable timing for two reasons. One is that at a time like this, with financial markets in upheaval, we yearn for guidance from the oracle who presided over 18 years of relative peace and prosperity in the U.S. economy. The second is that a wave of revisionist thinking holds that the reign of Greenspan may not have been so great after all, that he bears some responsibility for the twin bubbles of dot-com mania and the recently deflated housing boom. Former Federal Reserve Chairman Alan Greenspan says housing prices will fall 'inexorably lower.' In The Age of Turbulence (The Penguin Press, 505 pages), Greenspan gives his side of the financial saga, holding forth with his trademark wonky curiosity about statistics and the appreciation of human nature that he learned from author Ayn Rand (see Daniel Okrent's review). In an interview with Fortune managing editor Andy Serwer, the legendary Fed chief gives an up-to-the-minute diagnosis of the financial situation, his outlook on housing prices, a prescription for the coming Medicare crisis, and his take on the Bush MORE http://money.cnn.com/2007/09/16/magazines/...sion=2007091708 and Greenspan: Fed Couldn't Stop Housing Bubble 17 Sep 2007 he Federal Reserve tried to curb the explosive growth in the U.S. housing sector under Alan Greenspan's tenure, but each time it tried to raise long-term interest rates it failed, the former Fed chief said. "In 2004 we tried to raise mortgage rates by moving the 10-year Treasury note up and we failed," Greenspan told CNBC, adding that the Fed failed again in 2005 and would have failed had it tried in 2002. "We had no control, that I could see, which would have made any difference in the extent of the bubble that was emerging," he said. "And we concluded, as we did with respect to the stock market bubble in the 1990s, that … as I pointed out previously, every time we tried to tighten … we weren't trying to knock the stock market down. We were reacting to inflationary pressures. Greenspan denied that the Fed inflated the economy under his leadership, saying that rate policy was reacting to price pressure.... MORE http://www.cnbc.com/id/20817941 INSIGHT Does Marketing 'Envy' Cause Poverty? 8/25/07 Until 9-11, and its ensuing epiphany, I wasn't much interested in economics. Then I quickly grasped that studying the arcane art of money and power was much more entertaining than watching any Hollywood thriller ever produced. Before stating anything else further, my belief is that economics and philosophy complete one another. Although some might argue otherwise, a diatribe as to whether 'Envy' belongs to the realm of philosophy or economics doesn't serve any real purpose at this stage. The bottom line is that 'envy' is detrimental to wallets and portfolios. As a matter of fact, in the Western culture, the world 'Envy' doesn't sound as bad as 'Jealousy'. In many instances 'envy' is even perceived as flattering. It has little to do with its initial meaning, which you will see can be highly threatening.... The common man has no idea about the true meaning of 'inflation'. This is a world issue, no matter the culture or race. They applaud every time a lawmaker promises to deliver more IOUs. As a result there are now 600 T-R-I-L-L-I-O-N in unfunded liabilities at all levels of the global economy. MORE-LONG http://www.moneyfiles.org/sbk06.html
  9. "By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - John Maynard Keynes Economic Consequences of the Peace, 1920 GOT GOLD/SILVER?? Thursday, January 13th, 2005 The Debt Threat: How Debt is Destroying the Developing World As a group of the world's richest countries agree to temporarily freeze debt repayments of Asian countries hit by last month's tsunami, we speak with globalization expert Noreena Hertz, author of The Debt Threat: How Debt is Destroying the World. http://www.democracynow.org/article.pl?sid=05/01/13/1455234 and Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions http://www.democracynow.org/article.pl?sid=04/12/31/1546207 and 'The Coming Collapse of the Dollar' - The Final End Game Of Decades Of Debt Accumulation... http://www.dollarcollapse.com/ and (01/31) The Fed is in conspiracy with the Bank of Japan (nothing short of rape of the American taxpayer, who will have to be skinned alive by the Treasury ...) http://www.atimes.com/atimes/Global_Economy/GA29Dj01.html and Debt Threat: We’re Facing A global Debt Crisis Of Unprecedented Size http://www.harpercollins.com/features/debtthreat/index.asp and many more headlines/facts http://www.moneyfiles.org/movement.html
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