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The Consequences Of 2008 ...

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What is the term for what we're going through, a phrase that an audience would GET?

It's not The Great Depression - been there, done that. The media prefers the Great Recession, or the GFC (global financial crisis). Meh.

In the UK we seem to use, "the banks and all that stuff".

The term should be ... The Fall - absolute and terrifying: Satan cast out of Heaven + the faithless despair of La Chute - something for everyone.

Bernanke approves:

The Committee sees the downside risks to the outlook for the economy and the labor market as having diminished since the fall.

http://federalreserv...y/20130731a.htm

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What is the term for what we're going through, a phrase that an audience would GET?

It's not The Great Depression - been there, done that. The media prefers the Great Recession, or the GFC (global financial crisis). Meh.

In the UK we seem to use, "the banks and all that stuff".

The term should be ... The Fall - absolute and terrifying: Satan cast out of Heaven + the faithless despair of La Chute - something for everyone.

Bernanke approves:

http://federalreserv...y/20130731a.htm

Great regression?

My link

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In the UK we seem to use, "the banks and all that stuff".

'The credit crunch', 'the banks and all that', 'the Great Recession' are all Establishment misdirections used to draw attention away from the real cause: systemic mortgage fraud.

.

Edited by zugzwang

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What is the term for what we're going through, a phrase that an audience would GET?

It's not The Great Depression - been there, done that. The media prefers the Great Recession, or the GFC (global financial crisis). Meh.

In the UK we seem to use, "the banks and all that stuff".

The term should be ... The Fall - absolute and terrifying: Satan cast out of Heaven + the faithless despair of La Chute - something for everyone.

Bernanke approves:

http://federalreserv...y/20130731a.htm

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My suggestion: The Great Repression

History will judge the decade from 2008 as 'THE GREAT REPRESSION'. A time when the prudent were sacrificed to bail out the reckless and the feckless. A time when the very notion that Britain's was a truly democratic nation was proven to be a sham - Britain is a kleptocracy, a society run by the elite for the elite:

Below inflation interest rates for savers - tough.

Lousy annuity rates for those prudent enough to save for retirement- tough.

House prices being inflated away from affordability by funny money- tough.

And perhaps worst of all, mortgaging the wealth of future generations to pay for the criminal mismanagement of the economy by the present and previous Governments - tough.

The present economic situation should be correctly referred as THE GREAT REPRESSION. read more:

http://www.economist.com/node/18834259

http://en.wikipedia.org/wiki/Financial_repression

Successive governments between the 1940s to 1970's intentionally inflated away the debt of WW2. Given that generations suffering tax/inflation AFTER the war benefited from the sacrifice of the 40's generation there was perhaps some moral justification for this? But can we honestly justify this policy now (for the debt incurred in the first decade of C.21st ?)

Open peoples minds by using the term THE GREAT REPRESSION when ever possible. Lets try and make the term part of the lexicon for 2013!

Edited by browneconomy

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Bernanke approves "the Fall"?

"Fall" sounds so accidental - it all just happened so unexpectedly. As if.

Then there's the other association in the US with nature, autumn - so natural. As if.

Presumably the Great Depression is called that because not only is it associated with the financial downswing but also low mood. It's like the word "dole" coming from doleful but dole is a word that's now more associated with money, that is the JSA unemployment payment.

It's also interesting that the words chosen to describe that period always seem to do with the consequence rather than the cause.

So how about the Great Blight - because that's what bankers do.

Edited by billybong

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'The credit crunch', 'the banks and all that', 'the Great Recession' are all Establishment misdirections used to draw attention away from the real cause: systemic mortgage fraud.

.

Eric?

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Eric?

Yup. The general public vaguely understands the banks screwed up but Westminster's whores and the VI press have successfully obscured the causal link between our stratospherically unaffordable housing and the national bankruptcy. Brown's 'It started in America' was the opening feint. Many of the rackets started in the City of London, of course, and those that didn't inevitably passed through it.

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I don't think he's referring to the Financial Crisis at all. He's talking about since last Autumn. B)

A great story can be read on many levels.

So far The Fall = last autumn, the casting out of Satan, an '80s rock band, and some chap contemplating suicide in Holland.

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