Posted on 01/05/2010 8:17:42 AM PST by FromLori
ping another article by the way about the fed juicing stocks is here
Is the Fed Juicing the Stock Market?
http://www.globalresearch.ca/index.php?context=va&aid=16748
for later read
Economic Recovery and the Coming Collapse pdf file
This morning at the American Economic Association meeting in Atlanta, Simon Johnson participated in a panel discussion, “Global Financial Crises: Past, Present, and Future,” with Allen Sinai (the organizer), Mike Intriligator, and Joe Stiglitz.
Among the points Johnson made:
1.The most serious problem we face is that 6 banks in the U.S. are now undeniably (in their own minds) Too Big To Fail.
2.What is going on is not standard regulatory capture, but the U.S. is now an advanced Oligopoly.
3. Banks have put money into buying intellectual influence.
4. There has been “false” financial innovation.
5. Europe is less captured by finance (Except Britain and Switzerland) .
The slide presentation that went along with Johnson’s remarks is here. It is fascinating in its observations and a must read.
Hey, there is a football game on tonight!!!!!! Who is going to win American Idol?
The future of the USSA is to become "Argentina with nukes."
Not a pretty picture.
"So looking out beyond 2010, I see a new global reserve currency emerging and a global central bank which will effectively also be a global governing authority where the heads of state effectively report to the group of central bankers and their anonymous shareholders who effectively control the money, power and politicians on a global scale."
Global slavery.
I was wondering who would read and realize that was the end game!
Quote was cut off.
“I would buy every three months some gold and not worry so much about the price because the weight stays the same.” -Marc Faber
The author states a worst case scenario, however it is a possible one. He is assuming that the FED can continue on until this worldwide currency takes hold. He thinks China will not miss a beat. However, he is looking at the entire matter in a vacuum, dollar centric viewpoint. To think that one fiat reserve currency can be replaced by another and the scam will continue onward is questionable. Rather if and when the dollar should collapse, it is likely that all fiat currencies will become toilet paper money as well.
The amount of mal-investment that has taken place in the US is mirrored in virtually all countries. When interest rates are close to zero, investments will be made that have no economic basis at a natural interest rate that is many times higher. This is occurring now in China. They have opened the floodgates of bank lending. This will not have a happy ending for anyone concerned.
Finally, we will have a period of “hyper” inflation. It may be 25-45 percent per annum or more. However, it will last for a short period of time and result in a major deflationary spiral.
The final solution will be a return to metallic gold or gold and silver. The bi-metalic standard will be likely because before all is said and done, it will be the only way to backup the entire money supply. Silver will likely return to its 15 to 1 gold ratio. Interestingly, the amount of gold mined as opposed to silver, amounts to close to that historic ratio. Based on the ratio, the price of silver should be around $75 now. However, gold and silver are being suppressed by the paper shorts on the comex. The price should probably be in the 1650 range but for JP Morgan’s massive shorts. However, now that the Chicom citizenry and government are active buyers in the market, its just a matter of time until the suppression scheme unfolds and the prices go parabolic.
Sorry it was long I thought I had it all thanks for adding it.
I wonder how much jp has gotten to cover their shorts now that the CME is taking gold as payment.
I’m waiting to see about the tungsten story Rob Kirby told me in an e mail he would have more on it soon to blow everyones socks off.
You should read my books. I’ve been on that end-game theme for years.
The article covers detail about corruption at the highest levels of industry and government and how their corrupt actions will result in the collapse of our economy and government. Not discussed is the reaction of the people and how they will find and empower leaders to return us to our Constitutional form of government. It will not be easy and it may take time but I do not believe that people are going to give up liberty without an all out fight!
This works well in practice in the following example: dollars and pesos in Mexico. The daily exchange rate is posted in every shop and store. You can pay in dollars, get change in pesos or vice versa. Cheap ubiquitous calculators make this a snap.
It would work similarly between gold and silver, if the ratio is allowed to float. A fixed ratio always introduced distortions and one or the other metal is driven out of circulataion when it is perceived to be the bargain between the two./p>
Are they online? Or where can I find them? I have been reading about the end game myself for years.
That is definitely their intent. Somehow, the Thousand Year Reich crowd never tires of defeat and picks a new hobby.
This time, however, the entire cabal is going to be taken down, not just a local faction.
And it's going down hard.
May they crash and burn.
Which is why we must stop all this crap right here and now.
That's always been the end game.
"Imagine a boot stomping on a human face. Forever." 1984 by George Orwell.
"This is the economy where Nature and its material companion, Reality, punish us for our stupidity and fecklessness.
This is the economy that will tear the United States apart, after it bankrupts us at every level, and mercilessly drives the population down by one-third through starvation, homelessness, violence, disease, and sheer political cruelty. "
bfl
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