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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (19520)	4/7/2009 5:00:25 PM
From: benwood	2 Recommendations Read Replies (1) \| Respond to of 71456

In our culture, we have lost the ability to delay gratification. We charge it NOW, because we DESERVE it NOW! We are the entitlement generation(s). Look at how few are revolving credit debt free? Look at how many stacked auto loans because they couldn't bear the thought of not buying that new car even though their current car was 12 months old. However... we DID oppose the first bailout. I think the problem now is that people are tired of fighting our gov't when they no it matters not, and they are being fed a steady stream of disinformation. Like banks having assets with NO REAL VALUE on their books but listing them in the millions or billions. Hey, it's not the banks' fault there's no market for total chit. <g> But in that case, people have no idea what mark-to-market even means. The "press" (that is, the corporate PR arm) doesn't explain how incredibly outrageous that assertion is. The voters, for their part, aren't offered the actual, reality-based choices, e.g. Which of the following do you choose? 1) transfer all future tax receipts to thugs on Wall Street who've already robbed you blind and sold you down the river? This choice results in slow, cascading crash with a final bottom that extends for years with high unemployment and permanently lower standard of living for all but the top 0.4% who you voted to give all your future tax payments to 2) Let the cancerous banks fail, simply shutter AIG and void all their useless gambling-addict driven CDS (paper losses, hundreds of trillions; actual loss to the economy, nearly no change). Stock market crashes (oh no! the wealthy, who own most of it, get hammered, then get drunk). A TON of chitty crap vanishes from the malinvestment universe, and real businesses with real business plans begin to emerge. Standard of living is lower, everything is more obvious, but at the end of the decade, employment is higher, production is higher, and our dollar has only lost 20% rather than 70% of its value; 3) break a bunch of windows and see if that helps. This is the war option. And the end of all the wars, we are split into several nations and most of us are flat broke.

To: axial who wrote (19520)	4/7/2009 5:10:04 PM
From: GST	5 Recommendations Read Replies (1) \| Respond to of 71456

<they gave voters what they wanted: no crash, no pain> They escaped nothing. What they did was allow themselves to be is utterly gullible in the face of massive fraud. What they are doing now is being utterly gullible because "Obama will look out for our best interests". But he is not looking out for their best interests -- he has thrown them overboard. Whether he understands this or not is unclear -- but that is what he is doing. Instead of protecting the interests of voters, he is giving the bankers what they want -- and he can do that because only a tiny fraction of the broader populace has a clue how outrageous this theft of money from the public has become. What the public is getting today is pain -- unemployment, bankruptcy, people thrown into the streets broke and destitute, lives ruined, families ruined, cities ruined and the long term prospects for the economy ruined. And now, on top of that, any hope they have for living in a future in which they have a chance of escaping debt slavery is being robbed from them -- and the purpose of the robbery is simple -- the fat cats of finance know they can do it and they know they can get away with it. I hope they send Bernie a birthday card in prison each year -- he turned out to be a great sacrificial lamb for them. It keeps people from thinking about the much larger elements of fraud that were the meat and potatoes of the elite world of finance. Those people will all sleep in their own beds tonight.

To: axial who wrote (19520)	4/7/2009 6:38:25 PM
From: NOW	6 Recommendations Read Replies (1) \| Respond to of 71456

what a load of carp; the pain of massive inflation destroying currency is NOT "distributed fractionally on every man, woman and child"; it is born disproportionately by those with the least. your argument boils down to one thing: the massive transfer of wealth that is taking place in broad daylight is the only palatable course of action. well BALONEY! we could start by wiping out those who should in a truly capitalist society should bear the risk: shareholders and bondholders. you are no better than those who argue that this mess was created by those who took out loans on homes they could not afford

To: axial who wrote (19520)	4/8/2009 11:02:10 AM
From: LTK007	3 Recommendations Read Replies (3) \| Respond to of 71456

You register high of non-directional philosophic economic impressionism and low on common sense.i ask where's the beef??? By the way Taleb writings at given points focuses to a significant degree on the "experts" are dangerously stupid because they have climbed the ladder by PLEASING their masters rather than think for themselves.. They are in no inherently stupid, they have, instead, worked at it and achieved it by learning how to rise to top of bureucracy by licking the powerful butts. Bernanke WANTED TO BE FED CHIEF, he craved it, and he achieved it by getting as close to Greenspan as he could and rub his behind. He was then appointed as he had PROVEN he had the correct genome for 'i will please my masters' That's how Oligarchy works, get it yet??????????? i close where i started You register high of non-directional philosophic economic impressionism and low on common sense.i ask where is the beef?. Max