BS: Crash of U.S. Economy

Subject: RE: BS: Crash of U.S. Economy
From: Donuel
Date: 12 Sep 07 - 12:02 AM

People who make over a billion or even a measely million dollars a year will be bailed out in our current system.

However if you make only $50,000 and have to declare bankruptcy the laws have been changed to be sure that you will not be bailed out.

This new form of super capitalism with monopolies at the helm and regulation free corporatism and the destruction of goverment itself and its agencies which used to have oversight is headed for a crash.

The average American will rebel and will do so in the manner of slave revolt.

The corrupt judicial machinery, the media divide and conquer ideaology, new weapons and police tactics that the super wealthy have built to keep the slaves in check will be effective for a very brief time.

The arrogance of the ruling class knows no bounds and will will not cede any compromise that would deliver actual freedoms and economic liberty for all.


Soooo

When the Medici of today find their coporal bodies in peril and not just their multinational corporate profits, we will see some reform in goverment representation for the people and not just the 30,000 lobbyists who are now the only people (other than the military) to have access to the goverment.

Just as all war is now war against civilians the revolution will be a war against the actual families of men women and children in charge of 80% of all Wall Street banks and capital.

I think we all agree that the signers of the Declaration Independence were the terrorists against the Crown.

And I think what we have here in America is a bigger richer Crown.

THe best and brightest of course are recruited by the new Crown of the American ruling class and are sometimes seen on FOX network as a think tank expert who admits the dangers of the quaint US constitution is counter productive to Business and that more Patriot Acts are needed to destroy any threat to Multinational corporations.

That just leaves the rest of us mal adjusted malcontents to free the slaves of today.

Maybe the last straw will be the take over and total control of the Internet.

A revolution was normally put down with bullets and intentional famine. Maybe the next revolution will be put down with free Prozax and Beer. (remember Soma?)

Subject: RE: BS: Crash of U.S. Economy
From: Metchosin
Date: 12 Sep 07 - 02:48 AM

Midchuck, why assume that others are not reading them?

Subject: RE: BS: Crash of U.S. Economy
From: Barry Finn
Date: 12 Sep 07 - 03:40 AM

Donel, I think you are on track with the exception, don't try to seperate an American from their toys, that really pisses them off. I do believe that some day maybe sooner rather than later many of the American home owners will continue to own their homes but not the land it sits on. They'll be renting that property that once was theirs from the state. They'll also be considered lucky to get away with that & their 2 front teeth.

Barry

Subject: RE: BS: Crash of U.S. Economy
From: The Fooles Troupe
Date: 12 Sep 07 - 09:05 AM

Entertaining reading though - and more interesting than the old '9/11 tinfoil hat conspiracy nutters' threads...

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 12 Sep 07 - 10:16 AM

"They'll be renting that property that once was theirs from the state..."


                I agree with your analysis, but I think they'll be renting the land from Wal-Mart.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 12 Sep 07 - 08:21 PM

"The US economy is in great shape": Doug R, 31 Aug 2007.


Correction: the Doug R economy is in great shape. And that's the only thing that matters.


Also, ignorance is still bliss in some quarters, it seems.




Rig: "Hitler gets all the credit"

Ironic you'd say that--FDR was lucky Germany declared war on the US--it solved another problem for him also. Otherwise the awkwardness of the Lend-Lease period might well have continued for a while--there was strong opposition to his stance on the war with Germany up to that point.

Subject: RE: BS: Crash of U.S. Economy
From: The Fooles Troupe
Date: 12 Sep 07 - 08:56 PM

"there was strong opposition to his stance on the war with Germany"

More than that - some even wanted to join in with Hitler. There are even some today who seem to regret that Germany lost, much of the US 'Right Wing' is almost indistinguishable from that philosophy.

Some, such as the grandfather of GW, had all their money tied up in German munitions, and had to 'rely on the generosity of friends' during the hostilities.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 12 Sep 07 - 09:11 PM

My point is that opposition to US entry into the war on the Allies' side was a serious obstacle for FDR--not just the Bund and similarly obvious sources of problems---but also the very strong isolationist streak in the US at the time. And the Pearl Harbor attack did not in itself solve the problem. But the fortuitous and almost immediate declaration of war on the US by Germany did.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 12 Sep 07 - 11:46 PM

So, what was the problem?

Subject: RE: BS: Crash of U.S. Economy
From: Rapparee
Date: 13 Sep 07 - 09:46 AM

Japan attacked the US, and the US declared war on Japan. Japan had a treaty with Germany -- as reported in "The Guardian":

Thursday November 26, 1936

The German-Japanese Treaty was signed this morning by Herr von Ribbentrop as extraordinary plenipotentiary of the Reich on behalf of Herr Hitler, the Chancellor, and by Viscount Mushakoji, the Japanese Ambassador in Berlin.

As I reported last week, it is directed against the Moscow Communist International. The treaty is a document containing three articles and a supplementary protocol of three paragraphs. It provides for an exchange of information between the two Governments upon the activities of the Communist International and for consultation and co-operation in measures of defence against it. Provision is made for the adhesion of other States to the agreement. A permanent commission is to be created for common action against the International. The two States are to take within their own laws "severe measures against those who, at home or abroad, are working directly or indirectly in the service" of the Comintern. The treaty's term is five years.

The most interesting parts of the treaty are the second article and the third paragraph in the protocol, providing respectively for the adhesion of other States and for the permanent commission, which, it is believed here, makes the treaty much more than a simple police agreement. Here is seen the technical means for the expansion of the "anti-Bolshevik front."

Apart from the dependencies of the three anti-Bolshevik Powers, Germany hopes for and aims at obtaining the adhesion of Rumania and possibly of Poland. To detach Rumania from her agreement with Russia, and completely to undo the work of M. Titulescu, would, from the German view, be in itself a great triumph, and, additionally, a big step towards the bigger and remote goal of getting rid of the Franco-Russian Pact, if and when a favourable opportunity should occur, through the formation of a Government of the Right in France.

The importance of the standing commission is that it is capable of keeping the German-Japanese treaty very much alive by what might be described as a species of permanent political general staff discussions.

In 1931, Japan had invaded Northern China. The rationale, as reported in "Time" (August 9, 1937):

...in a speech to the Diet last week by Premier Prince Konoye. "I think there are many persons in the Chinese Government who understand Japan, including General Chiang Kai-shek," purred the Premier. "I think it should be the basic keynote of Japan's China policy to make the Chinese race and the Chinese Government return to their original nature as an Oriental people." After explaining that Communism is un-Oriental. while tactfully omitting to mention that the Chinese Communists have now tentatively joined forces with the Chinese Government. Japan's Premier blandly added: "For China to dance to such a [Communist] tune and bring on trouble in the Orient is tantamount to weakening the Orient by its own hands. I earnestly hope that the Chinese race will awaken as quickly as possible to realization of its nature as an Oriental race and that it will cooperate with the Japanese, who come of the same Oriental stock. . . . Japan wants not territory but cooperation. ... If we had such designs, the entire territory of North China would have been seized by the invincible Imperial Army long ago."

In this Japanese pronouncement connoisseurs observed the authentic Adolf Hitler touch, chalked it up to the German-Japanese Treaty signed last year for co-operation against Communism.

Thus, the invasion of China by Japan was not to seize China, but to defeat Mao and his Communists. Imagine how surprised the Japanese must have been when the Chaing Kai-Shek's army fought back! Note too that China did not declare war on Japan until July 7, 1937.

Two years after this, Germany invaded Poland. Poland had mutual defense treaties with France and Britain, so Britain and France declared war on Germany. Germany, meanwhile, had cut a deal with Stalin (on August 23, 1939), the German-Soviet Nonagression Pact of 1939, which in effect gave the Soviet Union a chunk of Poland for not attacking the attacking German forces.

Since Germany and Japan had the aforementioned treaty, Japan and Italy (remember Italy?) also went to war with Britain and France.

Of course, a year later Hitler tossed this treaty out and attacked Russian on June 22, 1941, and Stalin was surprised even though he'd been told, from both British and Japanese sources, that the attack was coming.

In December, the Japanese attacked the US at Pearl Harbor and the US declared war on Japan. Again, because of the 1936 treaty, the Germans and Italians declared war on the US.

Here's a brief timeline:

December 7: Japan declared war on the United States, United Kingdom, Australia, Canada, New Zealand and the Union of South Africa. United Kingdom, Australia and New Zealand declare war on Finland, Hungary and Romania. Canada declared war on Finland, Hungary, Japan and Romania. Panama declared war on Japan. Yugoslavia at war with Japan.

December 8: United States, United Kingdom, Australia, Costa Rica, The Dominican Republic, El Salvador, Haiti, Honduras, The Netherlands, New Zealand and Nicaragua declared war on Japan.

December 11: Germany and Italy declared war on the United States. The United States and China declared war on Germany and Italy.

Avoid entangling foriegn alliances, George Washington advised in his Farewell Address.

He was right.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 13 Sep 07 - 11:03 AM

The world would be a much different place today if the United States had stayed out of WWII. But after having been attacked at Pearl Harbor, what choice the the Roosevelt Adminstration have?

Subject: RE: BS: Crash of U.S. Economy
From: Ebbie
Date: 13 Sep 07 - 11:56 AM

I recently read Philip Roth's novel depicting alternative history, i.e. if Roosevelt had not won in his last election and Charles Lindbergh, an apparent Nazi sympathizer, had. Published in the early 1990's, it was well done although I think the ending was weak. At the end, it all came right. I would have preferred to have Roth gaze farther into that future and its implications.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 13 Sep 07 - 04:05 PM

Ebbie - I read the same book--"The Plot Against America"--and it changed the way I see Philip Roth completely. It was published in 2004, actually.
             He attacked both Henry Ford and Charles Lindbergh because of their alleged attitudes towards Jews. If one looks into the comments of Ford and Lindbergh at the time, one finds they were actually concerned more about international banking cartels, and both had reasons, personal and financial, to oppose America's entry into the war.
             I came away thinking the book to be an outrageous attempt to re-write history, and I agree that the ending didn't leave the reader any better informed than he/she probably was in the opening paragraph.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 13 Sep 07 - 10:58 PM

"What was the problem?"

Problem was FDR wanted to support the British, who had their backs up against the wall in 1940--and still were virtually alone in late 1941, as you know. But their main adversary was Germany.   And there was a strong isolationist streak in the US, aggravated by the "Merchants of Death" conviction about World War I--and the realization that it had not been the "war to end all wars"--as had been suggested. Though Pearl Harbor brought the US in against the Japanese immediately, it did not automatically mean the US could and would declare war on Germany immediately. However, as I noted, Germany solved that problem by declaring war on the US. So FDR could then ask for a declaration of war on Germany-- and support the British to the hilt, and in the open--not possible up to that time. Up to that time it had been Lend-Lease---and other operations, some not maintaining the US' theoretical neutrality--- like the one memorialized by Woody in "The Sinking of the Reuben James."

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 13 Sep 07 - 11:01 PM

" Main adversary was Germany"--at least at home. Obviously Japan was an adversary elsewhere.

Subject: RE: BS: Crash of U.S. Economy
From: Rapparee
Date: 13 Sep 07 - 11:05 PM

Germany had little choice but to declare war on the US after the US declared war upon Germany's ally Japan.

Would you rather that the US hadn't supported Britain, France, Russia?

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 14 Sep 07 - 12:21 AM

Not necessarily so, Rapaire. Germany could easily have not declared war on the US---or delayed it substantially---which would have complicated FDR's calculations considerably.   Hitler was not exactly the most honorable negotiator elsewhere.

Nobody, as far as I can tell, is arguing that the US should not have supported the UK etc. Just pointing out the awkward situation FDR was in up to Germany's declaration of war.

It's also interesting that the US Ambassador to the Court of St James 1938 til November 1940, Joseph P Kennedy, was an embarrassment--not only anti-Semitic but defeatist--and FDR sought to dampen his influence. And when the US did enter the war, Kennedy blamed FDR personally for the death of his oldest son in the war.

But it's possible we're edging into rather egregious thread creep.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 14 Sep 07 - 06:52 AM

Ron - Why would you label Joe Kennedy anti-Semitic?

Subject: RE: BS: Crash of U.S. Economy
From: Folkiedave
Date: 14 Sep 07 - 07:22 AM

Probably because there is a fair bit of evidence to say he was.

Google Kennedy and anti-semitic. I reckon the best reason is because at the bottom line as Irishmen they wanted a minority to ridicule.

But I repeat, loads of evidence.

Subject: RE: BS: Crash of U.S. Economy
From: Rapparee
Date: 14 Sep 07 - 09:24 AM

Joe Kennedy was both a supporter of Hitler and anti-Jewish. Far too much evidence to ignore it.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 14 Sep 07 - 09:50 AM

Maybe that explains the assassination of JFK.

Subject: RE: BS: Crash of U.S. Economy
From: Folkiedave
Date: 14 Sep 07 - 11:29 AM

Maybe that explains the assassination of JFK

Doubt it, but it is one of the few explanations not mentioned before.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 14 Sep 07 - 10:45 PM

"I reckon the best reason is because at the bottom line they wanted a minority to ridicule"

Hope you're not serious.

On the off chance you are, I 'd guess a more likely explanation is that Kennedy--after all, we're only talking about one man--had made his name in finances and in Hollywood--both areas where he would have encountered Jewish competitors. Maybe he resented the competition.

But Kennedy was a classic worm--even in the correspondence collection put out by one of his granddaughters, that comes out--aggressive, unscrupulous, defeatist, womanizing, anti-Semitic. A real joy.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 15 Sep 07 - 10:32 AM

"Kennedy--after all, we're only talking about one man--had made his name in finances and in Hollywood--both areas where he would have encountered Jewish competitors."

            Henry Ford and Charles Lindgergh probably had similar dealings, and I suspect the friction went both ways. I think that's why Philip Roth was so far off base with the book described above.

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Mark Calendar
Date: 17 Sep 07 - 06:46 PM

Judge in Stock Adviser's Trial Bars Testimony on Terrorism

New York Times, November 9, 2004

...But they will not hear evidence supporting an assertion that prosecutors once made suggesting that Mr. Elgindy might have had advance knowledge of the Sept. 11 terrorist attacks, a judge said yesterday.

The matter came up in the fourth full day of testimony in United States District Court in Brooklyn. Derrick Cleveland, a former business associate of Mr. Elgindy who is now a government witness, was asked by an assistant United States attorney, Kenneth Breen, about a mid-September 2001 F.B.I. investigation into Mr. Elgindy. When Mr. Cleveland responded that the investigation was related to "terrorism," Judge Raymond J. Dearie brought the hearing to a halt.

"This case has nothing to do with terrorism," he said to the jury in a planned set of instructions. "You will hear no evidence that Mr. Elgindy or others were involved in 9/11."

...in May 2002, Mr. Breen argued in a bail hearing that the decision of Mr. Elgindy to sell $300,000 in stock on the afternoon of Sept. 10 might suggest that he had "preknowledge of Sept. 11 and rather than report it he attempted to profit from it."

http://www.asensioexposed.com/elgindytrial.htm

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 17 Sep 07 - 07:52 PM

So is there any indication that the authorities are looking into the stock sale, or have they just let the whole thing go?

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Mark Calendar
Date: 17 Sep 07 - 10:10 PM

I posted that story, by the way, because it relates to the U.S. justice system thwarting investigations into 9/11 stock activities. They're torturing goat herders at Guantanamo, but the people who benefitted from 9/11 stock manipulation don't have to answer for it.

The only real piece I can find about the current bin Laden trades is:

http://www.infowars.com/articles/economy/uk_northern_rock_mystery_trader_collect_on_financial_meltdown.htm

This only tangentially relates to the "Crash of the U.S. Economy," because the bets were made against the Eurostoxx market, but look at what's happening there. It appears that someone is indeed going to benefit from the plunging of that market, and the "mystery trader" probably won't ever be revealed. Let's get our priorities straight. O.J.'s back in the news.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 17 Sep 07 - 11:42 PM

One would think the government would look into folks who made massive amounts of money due to the 9/11 attacks.

               It looks like this other guy can make a killing by simply having enough money to manipulate the market. Deregulation is to blame, in my opinion.

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Jim Martin
Date: 22 Sep 07 - 12:26 AM

There's been quite a storm going on, with questions about the effectiveness of the U.K. banking system, in the fall-out of the Northern Rock Building Society affair (the Bank of England seem to be bailing them out)! How many other institutions could they afford to do it for?

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Jim Martin
Date: 22 Sep 07 - 08:18 AM

From what I can gather from BBC Radio 4 this morning, the government seem to be saying that they want to guarantee people's bank accounts up to the value of £100k, is this un-precedented, I wonder? (can they even afford it?)

It also seems that many people are on the verge of panic selling with the volatility at present, is this not what happened with the great depression?

Subject: RE: BS: Crash of U.S. Economy
From: The Fooles Troupe
Date: 23 Sep 07 - 12:54 AM

I thought that deposits were Govt guaranteed up to £30k already.

Subject: RE: BS: Crash of U.S. Economy
From: Wolfgang
Date: 25 Sep 07 - 09:26 AM

Mark Calendar,

Sept 21 has gone by, could you please now explain what went wrong?

Wolfgang

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Mark Calendar
Date: 25 Sep 07 - 02:11 PM

Well, the economy of the US is crashing.

As far as the 'bin Laden' trades, they were made against a European market, and from what I read the bet was that the Eurostoxx would go down by 30%. Did that happen, with the runs on the banks and all? I didn't keep up, but there is apparently still a lot of concern about finances over there.

And Europe and the world are pointing at the 'sub prime lending rate' in the US as the cause of the world's financial problems, so world investors are baling out on the US economy.

A lot has happened to the U.S. economy in the last couple of weeks. The Federal Reserve cut its lending rate by half a percent, but this was just a token action. A bandaid on a hemmorhage. So, we have the people who ENGINEERED the destruction of the economy (the Federal Reserve), pretending to help, while the current head of the Fed, Bernanke, is telling the world the US is a bad investment. Greenspan and Volker (former Fed heads) also came out with their 'opinions' that the US is a bad investment. Treasury Secretary Paulson did the same. So, the 4 heavyweights in the field all beat the US economy mercilessly over the past couple of weeks, and I'd say THAT was the act of terrorism.

As a result of our own 'financial gurus' bad-mouthing us, Saudi Arabia refused to follow the half a percent rate cut in the US. First time in history that has happened. The American and Saudi currencies had always been bound together, until last week. Venezuela is also selling off its holdings of dollars as fast as it can now. So now, two huge oil producers no longer want US dollars. First we lost our gold and silver backing of the dollar, and now we're losing our petro dollar. The only thing backing the dollar now is 'faith', and the Greenspan mob is busy destroying that.

We can now expect to go the way of Argentina. Its currency collapsed. When the dollar collapses, the new AmeroDollar will be introduced. The EuroDollar is now being artificially inflated so that in the near future, when Americans are experiencing hyperinflation, we can be shown the model of how successful a 'unified' currency can be. The Amero will be forced on us, and the American and Canadian standards of living will be cut in half while the Mexican standard rises.

No time to go back and edit the above, but you get the gist. For an interesting look at how Americans are waking up to the Central Bank scam, go to YouTube.com and type in "C.H.A.N.G.E confronts Alan Greenspan."

Subject: RE: BS: Crash of U.S. Economy
From: Ebbie
Date: 25 Sep 07 - 03:23 PM

OK, Froth, Don, Mark Calendar (OK, I marked the calendar for September 21- now what?), there is something seriously wrong with that YouTube link. All it basically has is people ranting at Alan Greenspan in one place, a book signing, and as a "Congressman" rants at him at the witness stand.

Greenspan says literally one sentence: "Congressman, America has the highest living standard in the world."

It is not clear at all that both men are in the same room, much less in a congressman/Greenspan confrontation.

Imo, Greenspan's policies may be suspect, his politics and patriotism are not.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 25 Sep 07 - 04:17 PM

'"Greenspan says literally one sentence: "Congressman, America has the highest living standard in the world."'


                   I think he might be wrong about this, depending on how you define it.

                   Watching Greenspan on "Book TV," he indicated that he thought the collapse of the Soviet Union put the world economy into a deflationary posture, but that is ending now, and we are about to enter an inflationary posture. I got the impression that he didn't really think this was a good thing for America.

Subject: RE: BS: Crash of U.S. Economy
From: Ebbie
Date: 25 Sep 07 - 04:46 PM

Rig, I wasn't addressing that sentence- I agree that it is mistaken and so did the 'Congressman'.

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Mark Calendar
Date: 25 Sep 07 - 05:33 PM

Oh, they were in the same room alright. For another bit of enlightenment, look up Bernanke and Ron Paul. Dr. Paul grilled Bernanke the other day, and that's an excellent clip. Don't recall if its on Youtube or google video.

The job of central banks is, partly, to exert control over governments. The Federal Reserve was founded in 1913 in the US, and shortly after that Canada got its central bank. Once a 'central bank' takes over the fiscal duties of a country, that country is in serious trouble. Look at how Greenspan 'kept interest rates low' for so long. That was calculated. It caused Americans to take advantage of easy credit, and now that credit has been shut off, like a tap. Millions will lose their homes and property. This is how the wealthy (who own the central banks) use the banks to acquire. Boom and bust cycles. Just like before the Great Depression, when credit was easy to obtain and people speculated wildly in the stock market. Same thing is happening today. And this time around, it was Greenspan who set the country up for the fall. Greenspan has no more regard for America than he does for Uganda. It's all business to him.

Listen to the figures that congressman Sanders quotes in the clip again. Where are the jobs in America, the production, etc.? It's all gone or going. And look for the Bernanke / Paul clip. They're trying to pull it from the internet, from what I understand.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 25 Sep 07 - 05:55 PM

Mark C - It's too bad Ron Paul doesn't have better financing for his campaign. He seems like a pretty straight shooter to me.

Subject: RE: BS: Crash of U.S. Economy
From: Ebbie
Date: 25 Sep 07 - 06:13 PM

OK- I'll bite - What Congressman Sanders? Because it most certainly is NOT Bernie Sanders.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 25 Sep 07 - 11:11 PM

Anyway, I think Bernie is a senator now. Maybe there is hope.

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Jim Martin
Date: 02 Oct 07 - 12:26 PM

Please refresh.

Subject: RE: BS: Crash of U.S. Economy
From: DougR
Date: 02 Oct 07 - 12:58 PM

The first entry in this thread was in June, 2007, and the writer predicted the "Crash" based on a couple of left-wing Washington Post writers.

Yesterday the stockmarket closed at the highest point in U.S. history.

No doubt about it, "the sky IS falling"!

DougR

Subject: RE: BS: Crash of U.S. Economy
From: Peace
Date: 02 Oct 07 - 01:02 PM

A few years back the American dollar cost about $1.50 Canadian. Today it's almost at par.

Subject: RE: BS: Crash of U.S. Economy
From: Peace
Date: 02 Oct 07 - 01:03 PM

The, uh, sky ain't fallin'; the dollar is.

Subject: RE: BS: Crash of U.S. Economy
From: DougR
Date: 02 Oct 07 - 01:50 PM

Peace: Having jsut returned from a very enjoyable trip to Scotland, you will get no argument from me on that point.

DougR

Subject: RE: BS: Crash of U.S. Economy
From: Peace
Date: 02 Oct 07 - 02:02 PM

I hope it was a wonderful trip, Doug.

Subject: RE: BS: Crash of U.S. Economy
From: Riginslinger
Date: 02 Oct 07 - 06:45 PM

The question is, how far will the Fed let the dollar fall before it thinks it's time to raise interest rates again? When it does, stocks will fall.

                The thing that economists continue to leave out of their discussion is the cost of the war in Iraq. If that's not causing a huge drain on the American economy now, it will have to have that effect in the future.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 03 Oct 07 - 12:46 AM

Doug R--

"... a couple of left-wing Washington Post writers". Now, let's see--it appears Robert Samuelson is one of those "left-wing writers". So let's just take a look at a few of his columns, shall we?

"Prius Politics": "Prius politics is mostly about showing off, not curbing greenhouse gas emissions".   And how about "A Full Tank of Hypocrisy"--?: "It's fun to blame unpopular occurrences on corporate greed".

Yup, sounds like Samuelson's a left-wing pinko commie Red, all right. Brilliant, Doug.

Tell me, is doing just a bit of research always too much of a burden for you? Pobrecito. (No wonder you're a Bush voter--and no wonder US foreign policy is such a triumph, with giant intellects like your good self cheering Bush on.)

Are you just imitating your mighty leader, the Chickenhawk- (and Chowderhead)- in Chief?

Or maybe you just don't like anybody shaking your house of cards. The market is overvalued. We'll find out what that means eventually.    Who knows what the timeframe will be? But I'm sorry to have to tell you that you're wrong about Mr. Samuelson. The only criticism easily levelled against him is that he is a columnist, and, as I pointed out earlier in the thread, alarm is in their DNA.

But it's OK. Eventually we'll learn to just accept the fact that it's not reasonable to expect you actually think and do some work before hitting "send".

Looking forward to your next tightly-argued posting. Thanks for the cheap entertainment.

Subject: RE: BS: Crash of U.S. Economy
From: Ron Davies
Date: 03 Oct 07 - 01:19 AM

And let me say in advance how sorry I am if you've taken offense at anything I've said. (If it's good enough for the Pope, it's good enough for me.)

Subject: RE: BS: Crash of U.S. Economy
From: GUEST,Mark Calendar
Date: 03 Oct 07 - 01:03 PM

The Dow Jones...isn't that number derived from a handful of chosen stocks? And if a stock isn't a good performer, isn't it dropped from the Industrial average? A misleading and archaic measuring system. Even the name is prehistoric. "Industrial" average. What industry?

And what did you expect when the economy crashed...a big Hollywood bang ? The media says the Canadian dollar has reached parity with the U.S. dollar. That's mis-reporting by the media. The truth is, the U.S. dollar has FALLEN to a position of parity with the Canadian dollar. U.S. dollars are just worth less than they used to be.

The economy is collapsing. We'll only see the big bang if there's a rush to sell off dollar holdings by the big holders. I expecti that'll happen someday, when Halliburton is the only stock represented in the Dow Jones and the "market" has climbed to 10,000,000,000,000,000,000,000. Everyone will be shopping at Goodwill on their way to the soup kitchens, but feeling good because the "market's" in good shape. Then China will sell off its dollars and even the soup kitchens will have to shut down.