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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (80514)	3/31/2007 11:46:18 PM
From: 5thGrader	Read Replies (2) of 110194

This isn't an Iraq or a politics thread except as it relates to the credit bubble/economy. Geez, I leave for a few days and the thread goes to hell. Ork I fully support you that rosie o'donnel telling us steel can't be melted by fire is silly. However I post articles how medical equipment is sold to iraq with no training to use it and the stuff sits there unused, is that not appropriate? Did you read that article? Billion dollar facilities are built in IRAQ and huge ever increasing budgets are approved. More troops are needed to be sent for a possible coming war with Iran. Where will the money come from to pay for them? Do you not expect credit to be extended to factories and people to ramp up the war machine? A lot of what I read here is that we need to find another bubble to inflate - where do you suppose we could find one after housing? Credit is not just extended to home owners - I read in history war bonds were sold and credit extended to our war machine. War veterans of the bonus army were promised lots of benefits and when they marched on washington for thier money the tanks got rolled over on them - I guess the taxpayers didn't feel we needed to keep those promises. I don't know that I have read too many folks here save maybe Vosilla keep bringing up how we are broke yet are expanding the battlefields - how many places are we fighting now - afghanistan, somalia, iraq, possibly iran - I feel this subject could use further exploration. The drug wars at our borders seem to be an ever increasing discussion at congressional hearings - the financing for that is it going up or down? I know bondbubble and chromatic dispersion have talked about housing is the last bubble to inflate - but I disagree - after housing you can have big ole wars and extend lots of credit to the guys that build tanks and bombs and planes and all kinds of war related stuff - so I fear that to keep this thread appropriate - you will find more and more expenditures on war and credit extended in the next bubble. My friends in Croatia got rich off war in that country long after housing was nothing but rubble and chunky concrete scattered all around the Sava river. To dissuade such discussion perhaps you need to rename the thread the epic HOUSE credit and bond bubble laboratory, but from what I am seeing in congress and reading about huge expenditures, war machines and global battle could be our next bubble. What happened to Russ anyways - wasn't this his thread to moderate? Ork how versed are you in history - during WW2 what did thyssen fund for hitler? What credit got extended? I remember reading they needed slave labor to work coal mines, that prescott bush sent american money to back coal mines in poland because with the slave labor it was cheaper to get coal from there than other places with worker rights. Sounds similar today, they needed plane factories and car factories - wasn't the volkswagen beetle and the jeep and so many other things spurred because of war? You want productivity, you have to get rid of the old waste - creative destruction - perhaps our naval fleet is getting old again - we will need to send lots of ships over to foreign waters to take a beating - then the american people will quit bitching about their reduced standard of living and all go to work building new battle carriers. War has a way of changing things you know. I haven't read too many economic theories here that war and mass destruction is the end of some economic cycles - but it seems to me from history warfare is involved in the rise and fall of many great empires and credit and financing is a very integral part of that history. I personally know a lady that works on missle defense software on old computers. Just a few years ago she was making under 50K per year, she just got offered over 600K per year to go to Iraq to do the same job over there - why the change Ork - because of iraq and the war no? Why else are your taxes going to pay her 600K per year instead of the 50K per year she used to get? Its not relevant? I don't know Ork, I could be wrong, but when I read things about haliburton and phony expenditures in foreign countries it seems relevant to discussion of epic credit and bond bubbles. Please however don't group an article talking about billions of dollars in waste in Iraq with discussion about rosie o'donnel saying steel can't be melted with fire. I do apologize for the youtube humore - we shouldn't have that here. I read russ winters WINTER WATCH where he has a fat ass hawg american woman sitting next to a hot european woman and saw no real relevance to epic credit or bond bubbles and just followed his bad example because it made me laugh - please forgive me.

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