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


To: dvdw© who wrote (45038)1/9/2009 7:54:38 PM
From: TobagoJack  Read Replies (1) | Respond to of 219176
 
tyranny is necessary, to herd the savers into on-shore a/c, into t-bills, and then, the wet work of adding a zero to the fiat money

argentina resolution, nothing new, and certainly nothing innovative

just the usual thieving process



To: dvdw© who wrote (45038)1/9/2009 7:56:22 PM
From: elmatador  Respond to of 219176
 
On garantees and cash outlay. "$420 billion represents the one-off subsidy implicit in the Treasury’s planned $700 billion of injections of capital and loan guarantees into the financial system and its “effective” guarantees of the two big mortgage agencies, Fannie Mae and Freddie Mac. Neither is a cash outlay in the usual sense." economist.com

I read this as: Look China, Japan and OPEC, your money is secure here. The US government, will see, to the tune of xxxbillions that we come out with the cash should the system crumble. Please don't take the money away from the US.

It is the same as the 'loans' to Mexico and Brazil in the 90's. There was no money loaned. It was just the US saying: Look Look creditors, your money is secure here. The US government, will see, to the tune of xxxbillions that we come out with the cash should the system crumble. Please don't take the money away from Mexico or Brazil.

If course for Elroy and MQ it was the US tax payer's money and the savers of the rich world, money going to Brazil and Mexico...



To: dvdw© who wrote (45038)1/9/2009 8:34:26 PM
From: elmatador1 Recommendation  Respond to of 219176
 
Demographics demand that we don't keep spending
Published: January 7 2009 02:00 | Last updated: January 7 2009 02:00

From Dr Ros Altmann.

Sir, I must take issue with your editorial "Saving the savers is not the priority" (January 6). Your suggestion that we need to be virtuous - but not yet - is a continuation of the dangerously short-sighted policies that led us into this mess. It is absolutely essential that policymakers understand the collateral damage caused by cutting rates further in a futile attempt to stimulate spending.

Cutting interest rates is akin to cutting the state pension for millions of pensioners, and nobody would suggest that as a way out of recession! The impact of rate cuts from current levels may well be negative for consumption, rather than positive.

The problem is not that borrowing is too expensive, it is that loans are not as easily available as people had become accustomed to. That is not bad, it is good. Lending standards were far too lax, especially at the household level, as we lived beyond our means for years. The longer we ignore that reality, the worse the problem becomes.

Politicians may want us to keep on spending but demographics demand the opposite. The paradox of thrift applies very differently in a rapidly ageing, over-indebted population!

Ros Altmann,
London School of Economics,
London WC2, UK

Copyright The Financial Times Limited 2009



To: dvdw© who wrote (45038)1/10/2009 11:30:02 AM
From: elmatador  Read Replies (1) | Respond to of 219176
 
Here come Generation Omega. Omega (the last letter of the Greek alphabet) is often used to denote the last, the end, or the ultimate limit of a set, in contrast to Alpha, the first letter of the Greek alphabet. In the New Testament book of Revelation, God is declared to be the "alpha and omega, the beginning and the end, the first and the last".[3]

You know Generation Babyboomers. Generation X, Generation Y. Now you are going to know the Generation Omega.

Babyboomer: Benjamim, played by Dustin Hoffman in "The Graduate"
Scene where his parent's friend tell him a single word plastics.
Saw Vietnam debacle
60 years old and above

Generation X: Fighter pilot played by Tom Cruise in "Top Gun".
Reagan's 600-ship navy and the recovered agressiveness after Vietnam debacle.
Born 1960-1977

Generation Y:
Iraq War. Y2K tech rules. Globalization. Enviro-weirdo.
Michael Douglas playing in "The Game" (captured, transported to Mexico and subjected to a premature burial, having his bank accounts drained by the employee who was pretending to help him. The Game is now revealed to be an elaborate scam to relieve the power elite of their property and their lives. at the end, he offers to split the cost of the game to which his brother happily accepts (a small scene where Nicholas comments 'wow' to the cost is also included).)
Born 1978 - 2000

Generation O:
Armageddom: 911. SARS. Financial crisis. Iraq removal. Flood. Hurricane. Subprime. Game over.
Born after 2000
Generation Omega will be poorer than any previous generation.