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Surviving the Great Collapse
boston.com ^
| 03/12/09
| Robert Kuttner
Posted on 03/17/2009 7:31:50 AM PDT by TigerLikesRooster
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Except full nationalization and mega bailout, he does not seem to have any other suggestion. In a way, he is more or less clueless on what the real solution should be.
He is just scared sh*t.
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
03/17/2009 7:32:13 AM PDT
by
TigerLikesRooster
(from "Irrational Exuberance" to "Mark to Zero": from '96 to '09)
To: TigerLikesRooster
>The economy now bears all the hallmarks of a depression. <
president obama-hoover.
3
posted on
03/17/2009 7:35:01 AM PDT
by
ken21
(the only thing we have to fear is fdr deja vu.)
To: TigerLikesRooster
“In 1929 when the stock market crashed, the banking system was relatively healthy.”
Sure. That’s why so many of them failed that FDR ultimately declared a ‘bank holiday” (during which several thousand more failed).
This guy is full of it!
To: TigerLikesRooster
No matter how bad anyone says it’s gonna be, it will be a zillion times worse.
5
posted on
03/17/2009 7:36:13 AM PDT
by
Lazamataz
("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
To: TigerLikesRooster
Can America recover from a Great Collapse?No.
No, we cannot.
Ever.
6
posted on
03/17/2009 7:37:21 AM PDT
by
Lazamataz
("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
To: TigerLikesRooster
7
posted on
03/17/2009 7:39:55 AM PDT
by
ßuddaßudd
(7 days - 7 ways Guero >>> with a floating, shifting, ever changing persona....)
To: TigerLikesRooster
We’ve already nationalized the banks (frozen in slush ATTM). We can take the hit and the pain now, postpone for years or decades, or pump one last inflationary bubble. Japan’s attempt to avoid pain infected the whole world through the carry trade. The same thing is being setup again except on a worldwide basis.
8
posted on
03/17/2009 7:44:43 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: Lazamataz
9
posted on
03/17/2009 7:45:54 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: TigerLikesRooster
THIS ECONOMIC CRISIS doesn't have to be a second Great Depression - if government does nearly everything right, and soon.And what are the chance of that happening? I'll give give 1,000,000:1 odds.
10
posted on
03/17/2009 7:46:45 AM PDT
by
Blood of Tyrants
(Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
To: palmer
So what do we do?There's nothing we can do.
11
posted on
03/17/2009 7:46:48 AM PDT
by
Lazamataz
("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
To: Lazamataz
12
posted on
03/17/2009 7:48:33 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: TigerLikesRooster
“THIS ECONOMIC CRISIS doesn’t have to be a second Great Depression - if government does nearly everything right, and soon..”
Is there are aware and honest person out there who even thinks this is a posibility anymore?
Does anyone except the 35% hard core BDS kool aid drinkers think “obama land” is being governed by wise people?
Every man/woman/family is on their own to protect themselves against this huge collapse of our government ...and against those of us who cannot or will not do so.
13
posted on
03/17/2009 7:51:14 AM PDT
by
silverleaf
(Freedom's just another word for "nothing left to lose")
To: Lazamataz
No matter how bad anyone says it’s gonna be, it will be a zillion times worse. There is no word zillion.
However, if you had used the word quadrabagillion, you would be correct.
Hi Laz!! I'm down here. No. Here!! No wait!!! I'm over here!!!
14
posted on
03/17/2009 7:52:13 AM PDT
by
Focault's Pendulum
(I'm selling my tagline on Ebay Buy it Now! $1.95...S&H $14.95...only 3 left.)
To: Lazamataz
yes, there is something you can do.
Rediscover the concept of self reliance and make plans acordingly.
15
posted on
03/17/2009 7:52:14 AM PDT
by
silverleaf
(Freedom's just another word for "nothing left to lose")
To: sailor4321
That’s why so many of them failed that FDR ultimately declared a ‘bank holiday”...In 1933.
Three and a half years later.
16
posted on
03/17/2009 7:53:06 AM PDT
by
Petronski
(For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
To: TigerLikesRooster
Too Big to Fail has led to Too Sick to Save. Unfortunately until all these giga/tera-failures have been allowed to fail, and this includes governments, no healing can take place.
17
posted on
03/17/2009 7:53:33 AM PDT
by
appeal2
(Brilliance is the act of an individual, but great stupidity is reserved for the Government)
To: silverleaf
We are all gonna die no matter what.
18
posted on
03/17/2009 7:56:25 AM PDT
by
Lazamataz
("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
To: TigerLikesRooster
“if government does nearly everything right, and soon”
Therein lies the problem. At least FDR was not deliberately trying to destroy the country. [I’m no FDR fan, either.]
19
posted on
03/17/2009 7:57:42 AM PDT
by
TexasRepublic
(I am inconsolate over the death of our country.)
To: sailor4321
The key word was “relatively”. Without runs, they would have been fine. Modern banks need to be bailed out even without runs.
20
posted on
03/17/2009 7:58:16 AM PDT
by
RobRoy
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