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The End Game: This Time Isn't Different
The Business Insider ^ | 1-23-2010 | John Mauldin

Posted on 01/23/2010 8:25:20 AM PST by blam

The End Game: This Time Isn't Different

John Mauldin
Jan. 23, 2010, 7:09 AM

When I was at Rice University, so many decades ago, I played a lot of bridge. I was only mediocre, but enjoyed it. We had a professor, Dr. Culbertson, who was a bridge Life Master at an early age. He was single and lived in our college, playing bridge with us almost every night. He was a master of the "end game." He had an uncanny ability to seemingly force his opponents into no-win situations, understanding where the cards had to lie and taking advantage.

Traveling to London and on into Europe, I have some time to think away from the tyranny of the computer. Over the last year, and especially the last few months, I have written in depth about the problems we face all across the developed world. We have no good choices left, so making the correct unpleasant choice is now our most hopeful option.

As I wrote in my 2010 forecast, this year is a waiting game. There are so many choices we must make, and the paths we will take from those choices vary wildly. But make no mistake, we are coming close to the end game. Some countries and economies are closer to that point than others, but the entire developed world is lurching, in almost drunken fashion, towards our economic denouement.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: debt; economy; finance

1 posted on 01/23/2010 8:25:20 AM PST by blam
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To: blam
America's Impending Master Class Dictatorship

"One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt."

2 posted on 01/23/2010 8:31:53 AM PST by blam
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To: blam
Two things wounded this present administration this past week. The Kennedy Senate seat being retaken by the people and the Supreme smacking down the fine art of lord McCain and Feingold. While I do NOT have sympathy for the bankers that help pay for BamKennedy’s relocation to 1600 Pennsylvania Avenue, they are now at least Constitutionally free against these destroyers of class and wealth.

Wounded animals are not something to turn one's back upon and LORD only knows what recourse these wounded animals will take against US for inflicting these ‘mortal’ wounds.

Freedom is a God send, I just hope and pray these profitable bankers are wise enough to take a stand against a tyrannical corrupt administration.

3 posted on 01/23/2010 8:39:51 AM PST by Just mythoughts
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To: blam
"One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt."

Doesn't pass smell test.

Back that statement up please. According to the Census as of 2008 we had 130 million homes. Average value $155,000 That's (130*155) billion or over $20 trillion in American homes alone. That doesn't count apartments, commercial buildings. Much less governmental assets, such as roads, buildings, military assets, etc.

This Wikipedia article indicates total American Net worth is $66 Trillion But even that is low.

4 posted on 01/23/2010 9:45:34 AM PST by DannyTN
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To: DannyTN

I saw a similar analysis that took into account the net work of Americans, and then the value of things that the Government owned, and the number was like half of a quadrillion..


5 posted on 01/23/2010 10:46:26 AM PST by Paradox (ObamaCare = Logan's Run ; There is no Sanctuary!)
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