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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (40554)9/30/2008 9:01:53 PM
From: carranza21 Recommendation  Respond to of 220167
 
Roubini:

...no one trusts even the safest counterparties....

...Treasury plan was completely flawed...the banking system needs to be re-capitalized....

...does nothing to the housing sector, debt reduction is needed...done during Great Depression, worked then...

...why no panel of experts to advise....everything was rushed....

...good thing it was voted down, problem is that new plan will be only slightly changed...same bad result...

...no coherent systematic plan...

...consumer will not consume until debt reduced....plan does not do it...

...beginning of a silent run on banks...total freezing of system...

...sucker rally, recession train has left the station...it will be severe..

stockmania.com



To: TobagoJack who wrote (40554)9/30/2008 11:13:35 PM
From: pogohere  Respond to of 220167
 
That statement is a triumph of anti-statism comfortably lodged within the Austrian monetary model. The powers-that-be behind the banksters laugh every time they hear it. Yah: free markets will save you, just like your will alone will save you out in the open against the US military machine. Even Hezbollah organizes itself into a hierarchy based on shared values in order to be an effective fighting force.

As if 300 million Americans or 1.3 billion Chinese are going to operate without a state. As if . . . . .