On Mar 11, 4:55 pm, phil scott <p...@[EMAIL PROTECTED]
> wrote:
> On Mar 11, 12:24 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
>
>
> > On Mar 11, 1:57 pm, phil scott <p...@[EMAIL PROTECTED]
> wrote:
>
> > > On Mar 11, 7:47 am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> > > >http://biz.yahoo.com/ap/080311/fed_credit_crisis.html
>
> > > > In his infinite wisdom, and in an effort to tem****arily prop up
the
> > > > collapsing Stock Market, that "Moron at the Fed", Ben Bernanke,
has
> > > > decided to print money like it's going out of style, and hand over
200
> > > > billion dollars to the Banks based on nothing whatsoever in the
real
> > > > world, as we know it. While this is tem****arily -- very
tem****arily
> > > > -- pleasing investors, its effects will obviously be disasterous
for
> > > > the economy as a whole. While it will tem****arily -- very
tem****arily
> > > > -- hold off the final and total collapse of the U.S. banking
system,
> > > > it will, as a direct result, cause the final and total collapse of
the
> > > > U.S. currency, as well. Ah, well, there's no pleasing the right
wing
> > > > until everything is TOTALLY DESTROYED!!!!
>
> > > unfortunately there are few if any exceptions to that pattern in
world
> > > history, all on the same trend lines, with the same markers and mile
> > > stones, govt and private population demographics....govt bloat/
> > > starving people...wars to fund govt and its insiders, then counter
> > > attack on a 360 degree front... the empire collapses to be left in
> > > ruins or crawling off to reboot at a much lower level.
>
> > > Phil Scott
>
> > Well, I don't like to be quite that pessimistic. I think what may
> > happen, as the powers that be are simply hurting themselves now, is
> > that some sanity may actually prevail. As this current charade of
> > printing money transforms itself into runaway inflation, and the stock
> > market collapses further, we may see some fundamental restructuring,
> > if only from a survival point of view, on the part of the plutocrats
> > who run things for their own benefit.- Hide quoted text -
>
> > - Show quoted text -
>
> there are 500 trillion or so in totally bogus derivitive 'investments'
> in the world, used as collateral for loans... those will never be
> repaid unless there is hyper inflation..that will collapse the world
> economy
>
> imo
>
> Phil scott
everything i have been reading points to that. the bogus investments
are hidden, opaque, and kept secret. we have to take their word that
the paper is good. taking the word of secretive people who are after
your money is a fools game. this will take many years to unwind. we
are witnessing the beginnings of the margin calls. its the shoes,
domino thing, and the fed knows it. they are hoping to stabilize the
fraud, and fool the gullible again. i would not count on it. the
unwinding is taking place all over the world, much of it beyond the
feds reach, including here. they are so desperate that they will give
hedge funds trillions to keep the illusion alive that free markets
work. and the free markets are the hedge funds, banks, mortgage
brokers, and the slobs who took out the mortgages. the fed could care
less about the slobs, they are only hoping to bail out what they think
is the drivers of a modern economy. the supply side.
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