breckandy

Nouriel Roubini, One on One: More Doom and Gloom

No.. Oil going up to 145 temporarily by speculators didn' t cause world financial collapse.
Giving a few Loans to a handful of minorities didn't cause it.

The practice of creating and using worthless paper debt as currency caused this Ponzi scheme to collapse like a house of cards.

The "solution" was to transfer all the losses of the failed Banks and WS Firms to the taxpayer.

All the Bankers had to do was go to Congress and say, "Who's your Daddy?"

Nouriel Roubini, One on One: More Doom and Gloom

I don't know where everybody else lives but in my area I am seeing inflation.
Metals used in construction going up. I get notification of 5-8% increases for materials from my suppliers every month. Groceries, gasoline. My health Ins went up 20% this year afte going up 25% last year.

I think the forces that be are lying about no inflation.