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


To: Haim R. Branisteanu who wrote (61259)2/17/2010 8:34:08 AM
From: dvdw©  Read Replies (1) | Respond to of 218661
 
About Oligarchic malefeasance.

More importantly, right under your nose, this little bit of news illustrates how it all begins. make no mistake, within the context of Oligarchic malefeasance, demand creates its own supply. US currency situation is a result of the exact kind of behavior that is illustrated by the story below.

N. Koreans Abandon Worthless Won for Yuan
North Koreans in the border area with China have abandoned the won since a shock currency reform, Internet broadcaster Open Radio for North Korea reported.

The regime in November suddenly introduced a new won at an exchange rate of 100:1 to the old currency, a move which instead of curbing inflation sent it sky-high.

The broadcaster quoted a North Korean source as saying North Korean banknotes are nothing but pieces of paper, and almost all goods are traded in yuan. "Not even cart pushers would accept won for their work," the source said.

Having watched their new currency plummet in value over less than a month after the reform, North Korean residents realized that the yuan is a safer asset, the station added.



To: Haim R. Branisteanu who wrote (61259)2/17/2010 12:02:30 PM
From: energyplay  Read Replies (1) | Respond to of 218661
 
It appears that New Jersey NJ may be making cuts to stay within revenue.



To: Haim R. Branisteanu who wrote (61259)2/17/2010 8:10:21 PM
From: TobagoJack1 Recommendation  Read Replies (1) | Respond to of 218661
 
<<It may be that Goldman et-al will not profit from the default of the muni'es belonging to NY,NJ, ILL and CA>>

... goldman would tee-up their international friends to profit, and act to defend such profit, all the while trading against and for, depending on which way the can push the tree stump based on political wind direction

when ny ... ca blows up, i have no doubt at all that goldman's finger prints would be all over the place and chromosome would be all over the bedding



To: Haim R. Branisteanu who wrote (61259)2/18/2010 5:10:49 AM
From: elmatador  Respond to of 218661
 
Balkanization. When the going stops being good, the members of groups think about how they should proceed.

When the going is good, there is taxes to sen to the more poor and some equalization is done by the central government.

Once going is no longer good, the poorer are left to fight for themselves.

China: Deng changed the economic model not to disappear as USSR.

Yugoslavia: just settle their accounts.

Indonesia: as the bags of rice stopped coming to the far flung islands, they went to each other throats.

Europe and US the two big chunks banded together will have to sort themselves out as the going is no longer good.

Et Pluribus Pluribus