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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (106786)	1/19/2010 1:15:15 AM
From: Skeeter Bug	5 Recommendations Respond to of 116555

>>No I don't believe the system is sustainable.<< good. why don't you think it is sustainable? what kind of special super duper insight do you have that indicates that exponentially growing debt faster than gdp is sustainable? a fifth grader knows enough math to know it isn't sustainable. yet you think bernanke, who has 50 phd economists underneath him, doesn't understand 5th grade exponential math? that's logical! do you expect a con man to admit he knows it is a trillion dollar con in advance? if this were a con, bernanke wouldn't tell you. so what evidence, other than what bernanke says and does (he's a deceiver - even you admit this!), indicates he actually believes his 5th grade provable false BS? >>But most dumb-ass bankers including Bernanke do.<< but a 5th grader can look at this chart and tell you it isn't sustainable... market-ticker.org a 5th grader can tell you not to sue NY to prevent "ability to repay" from becoming a requirement for a loan. not the banksters, though. not the fed. these 1599 SAT guys and 50 phd economist know that ability to repay is bad news... based on what? logic? no. some academic work? no? $100s of billions in bankster bonuses? BINGO! a 5th grader can tell you to listen to the FBI when it tells you that there is rampant mortgage fraud. a 5th grader can tell you that research that shows only 10% of liar's loans (btw, NAMED BY THE INDUSTRY PARTICIPANTS!!! - THEY KNEW!!!) told the truth about their income and more than 50% over stated their income by over 50% ought to be prioritized as important and action should be taken. but a guy who scores 1599 on his SATs with 50 phd economists at his beck and call is :a hopeless academic?" show me a single academic paper that says a report that shows 90% of mortgage application LIED ABOUT THEIR INCOME and over 50% over stated by 50% or more isn't important and should be taken into account. just one! it doesn't exist! it isn't academic, it is criminal! "hopeless academic" to the tune of $100s of billions in his bosses bonuses off of illicit company profits on the way up and trillions in public bailout dollars on the way down, all the while pretending they had NO CLUE housing couldn't grown 5x faster than incomes FOREVER. FORE-F*ING-EVER, MISH! and you believe them. some book said it was so, right? yeah, they were shorting those mortgages that could only go up, but, hey, we won't mention that, will we. they did it for chairty's sake - the guys on the other end of the trade needed a win, right? wow. just freaking wow. shjow me the book, MISH. show me the book that bernanke relied on as an academic that showed housing prices could escalate 5x as fast as incomes. where? >>But even if they didn't, that does not mean they get together and conspire to crash the system.<< they didn't conspire to crash the system. they conspired to promulgate a fraudulent system that would crash, with 100% certainty, and then make sure they were bailed out with public money when it did crash. ta freakin' da - that's exactly what happened. you are splitting hairs here. and when it is time to pay the freakin' bills, all these crimes will really hit home - and that day is not going to come to are grand children. or our children. it will come shortly. >>In fact, because the foundation guarantees crashes as YOU put it, that is all the more reason the believe the crash happened because it had to, not because bankers purposely got together to cause it! You really need an exercise in logic.<< yes, it is so logical to believe a scam artist (the biggest freakin' scam artists ever!) will admit the scam or he isn't a scam artist, right? that makes complete logical sense. NOT! you misstate my contention. i DO NOT believe there was a conspiracy to specifically crash the economy at exactly the time they did. i don't exclude it, either. i don't have enough information to make a judgement. my point is that there is a conspiracy TO GAME THE SYSTEM. GAMING THE SYSTEM affords a the gamers criminal profits off unsustainable gains that wouldn't exist ex the crimes. GAMING THE SYSTEM includes crashes. GAMING THE SYSTEM includes trillions in public bailouts to the criminals who GAMED THE SYSTEM. not all conspiracies are simple in nature. not all conspiracies take place on one day. this one has been running for the length of our nation and the latest incarnation took effect in 1913 (and modified since). people worked together to GAME THE SYSTEM. you agree the SYSTEM IS GAMED. you see the BILLIONS IN ILL GOTTEN GAINS. you see the TRILLIONS IN PUBLIC THEFT. yet you think this was just happenstance? coulda gone either way, nobody working to make it go there way. win a $12 trillion, lose $12 trillion, who cares, right? we are all friend. get out. people WORKED VERY HARD TO MAKE SURE THE BANKSTERS WERE SAVED AT THE EXPENSE OF THE PEOPLE ONCE THE GAMED SYSTEM COLLAPSED. this is obvious. to get all hyper-technical about whether they all got together and decided on what day to pull the plug completely misses the salient point. a group of people have worked hard to GAME THE SYSTEM and are working hard to keep the system gamed. and, no, MISH, they won't tell you the TRUTH as they loot the nation of its wealth. i'm sure they are sorry if that offends your sensibilities, being that these trillion dollar looters have so much compassion.