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

To: Larry S. who wrote (26727)	1/30/2010 7:22:02 AM
From: Skeeter Bug	1 Recommendation Read Replies (3) \| Respond to of 71463

>>it was the greed Wall Street that created the mess. And, in my view, they were doing what good capitalist do but they were not regulated, as they should be, by Gov.<< they were regulated - BY THEMSELVES! the fed (privately owned by wall street banks) was supposed to regulate the mortgage market. they regulated it, alright. right into the biggest bubble in the history of earth! why? it was a cash cow for the owners of the fed... market-ticker.denninger.net please watch "the money masters" by bill still - it provides historical context to our current situation that is very difficult to find anywhere else. house of cards is a tree, the money masters is the forest. >>In the world discussed by Adam Smith, companies failed and others were formed regularly and the free markets worked.<< the rich have gamed every system ever devised for their personal benefit at the expense of everyone else. they think of "everyone else" as "cannon fodder that unfortunately inhabits the earth (a rothschild and rockefeller were int he audience) - in their own words... theworldchannel1.com >>There were no multi-national or multi-product companies. There was real competition. In today's world, our capitalist system requires effective regulation. something that isn't likely to come out of WDC there days. I get a little angry every time I see my Grandchildren, when I think of what is bing done to the world they will live in.<< fascism lite isn't pretty. but it looks good compared to the full blown fascism (merger fo corporate and state power) that is the destination of our current path... especially when controlled by people who believe the citizenry is "cannon fodder that unfortunately inhabits the earth..." >>I don't think the models projected continued increases in house prices but the managements of most financial institution knew that,<< bingo! THEY LIE THROUGH THEIR TEETH. NOBODY HAS SEEN THE MODELS. NOBODY CAN EVALUATE THESE MODELS. THEY DON'T EXIST! a fifth grader KNEW this debt growth was unsustainable against GDP... market-ticker.denninger.net so did the banks, hence the bankruptcy reform in 2005 that screwed over debtors just before the top of the bubble. >>if they pulled in their horns, their bonuses would be cut. They were not stupid but, rather, overcome by greed.<< they are greed. watch the money masters. this is nothing new. they've made a KNOWN AND CONCERTED EFFORT TO CHEAT THE PEOPLE OF THE UNITED STATES OUT OF PROSPERITY for centuries. video.google.com