On May 26, 10:10*am, snakehawk wrote:
...
*The spendthrift Republicans who allowed
international money changers to scoop up and gamble away most of the
available cash have now become thrifty nannies who think the way to
prosperity is for government to sit back and allow the international
bankers to control the rate of America's recovery.
Marc Faber, Obama Makes Bush Look Like a Genius
http://www.youtube..com/watch?v=RfrovBR4BcQ
Gerald Celente on the State of The Union
http://www.youtube.com/watch?v=UPwaeaGOOUE
http://www.youtube.com/watch?v=v9JHTilpdfY
http://theburningplatform.com/groups...of-reality/dis...
http://moneynews.com/StreetTalk/davi...itehouse/2010/...
http://www.youtube.com/watch?v=Qk1O9TVJ4w8
http://www.youtube.com/watch?v=fiDgfS2pOio
http://www.youtube.com/watch?v=U2pOsvEwQi8
http://www.youtube.com/watch?v=qvAlbpnmsPs&feature=fvw
http://www.youtube.com/watch?v=gPdpP9Uu5Lc
http://www.youtube.com/watch?v=U2pOsvEwQi8
http://www.youtube.com/watch?v=zIJkArWvqu4
http://www.youtube.com/watch?v=EcblkyjmOtg
http://www.youtube.com/watch?v=UlDNMB6wYmI&NR=1
http://www.youtube.com/watch?v=78ddURofMWs&NR=1
http://www.youtube.com/watch?v=UfuiN...1&feature=fvwp
http://www.youtube.com/watch?v=gdBIRD87-Ao&NR=1
http://www.youtube.com/watch?v=kA5dfcMNtCo&NR=1
“The idea that you
can fix a period of excess borrowing and excess
consumption by more
borrowing and more consumption to me is just
ludicrous,”
Jim
Rogers,
an American
investment guru
"....government and the banking
system
have deliberately created
financial bubbles to shore up the
economy,
engender profits, and
maintain tax revenues."
http://www.youtube.com/watch?v=8vk91jU8Bt0
Soros Warns of Market Crash
Thursday, 15 Apr 2010 10:58 AM Article Font Size
Railway porter-turned-billionaire financier George Soros delivered a
stark warning that the financial world is on the wrong track and that
it may be hurtling towards an even bigger boom and bust than in the
credit crisis.
The man who ‘broke’ the Bank of England (and who is still able to
earn
a cool $3.3 billion in a year) said the same strategy of
borrowing and
spending that had got us out of the Asian crisis could
shunt the
financial world towards another crisis unless tough lessons
are
learned.
Soros, who worked as a porter to pay for his studies at the London
School of Economics after emigrating from Hungary, warned the
financial world to heed the lesson that modern economics had got it
wrong and that markets are not inherently stable.
“The success in bailing out the system on the previous occasion led
to
a superbubble, except that in 2008 we used the same methods,” he
told
a meeting hosted by The Economist at the City of London’s modern
and
impressive Haberdashers’ Hall.
“Unless we learn the lessons, that markets are inherently unstable
and
that stability needs to the objective of public policy, we are
facing
a yet larger bubble.
“We have added to the leverage by replacing private credit with
sovereign credit and increasing national debt by a significant
amount.”
One crumb of comfort could be the 10-year period between the 1998
Asian crisis and the 2008 credit crisis. If the pattern is repeated,
it should at least mean we have another eight years to go before the
next crash.
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is
expressly prohibited without the prior written consent of
Reuters.
http://moneynews.com/StreetTalk/geor...sh/2010/04/15/...
http://www.rense.com/general85/chall.htm
http://www.youtube.com/watch?v=9h2x7...eature=related
http://www.youtube.com/watch?v=Pt4VLX96VLM
The same people who
complained about the widening wealth gap now
think
the new money
printing and borrowing is such a wonderful and
necessary
policy
forget it helps the rich the most. The policies are
intended
to
avoid depressing asset prices which has the effect of
shrinking the
wealth gap. Who owns most of the assets if not the
wealthy? How do
you
stop asset price deflation? By inflation. Who
suffers most from
inflation? Poor people. Who benefits most from
inflation? Rich
people
who own assets.
Evidently change we can
believe in is no
change. The rich get richer
and the poor get poorer
by government
policy, just like always.
http://www.youtube.com/watch?v=o7moo-O2Rok
http://www.youtube.com/watch?v=CtllmgvoT_g
http://www.youtube.com/watch?v=9nU3f...eature=related
http://www.youtube.com/watch?v=qfoTo...eature=related
http://www.youtube.com/watch?v=LSqhr...1&feature=fvwp