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No One Saw This Economic Crisis Coming?

It is entirely possible that the government advisors saw this coming. In fact, looking at the entire crisis, and the way it has been handled from the beginning, it is hard to deny that is has offered Washington a great opportunity to strengthen its grip and control. Look back and see that every opportunity has been used first to downplay the potential for a negative event. Then when it became obvious that an event is occurring, it was quickly paraded as a potential catastrophe, and it was dealt with by throwing money (that Washington did not have) at the problem. With that money came control. With control came power and authority.
This is not over, not by a long shot (read “The Forth Turning” by Neil Howe, and understand that a crisis was in the making, and those that study history could see it more than a decade ago).
The government is using this crisis, in fact it’s feeding the flames. They cannot stop now, nor do they want to. The roller coaster of history has gone over the tip of the hill and there is a long way down.
For now, Washington is enjoying the moment and crafting the New “New Deal” in a self serving march toward supreme power. The population becomes more helpless and hopeless and continues to ask Washington for advise and help. The politicians (practically the same people who have presided over the entire road to the crises) are all too eager to pontificate and oblige.
“We the people” may have lost the battle, for now. The future economic condition will continue to deteriorate in complete unison with the government’s actions, which appear designed to control the Crisis. They will not control the Crisis but will control he population.
History’s lessons teach us that events taking this course have, almost always led to some major conflict, such as war.

ECRI Future Inflation Indexes Indicate That Worldwide Inflation Is Receding

We are on the way to a world wide deflationary period. The commodity boom has ended. Despite massive liquidity infusions from the major central banks, the money supply is shrinking as the credit crunch continues. Great article, it clearly illustrates the change in direction. I believe all the central bank efforts to hyper inflate will eventually fail. Then, Bernanke’s theory that The Great Depression could have been avoided if only more money was thrown at the problem, will be proven wrong. Unfortunately, it appears that the need for credit is so great, and growing, that the central banks are falling behind. For now the problems are primarily contained within banking and corporate borrowing arenas. When city, county and state governments start defaulting for lack of financing, probably sometime in 2009, we will likely face a choice between either “the mother of all bailouts”, or something much more sinister.

ECRI Future Inflation Indexes Indicate That Worldwide Inflation Is Receding

We are on the way to a world wide deflationary period. The commodity boom has ended. Despite massive liquidity infusions from the major central banks, the money supply is shrinking as the credit crunch continues. Great article, it clearly illustrates the change in direction. I believe all the central bank efforts to hyper inflate will eventually fail. Then, Bernanke’s theory that The Great Depression could have been avoided if only more money was thrown at the problem, will be proven wrong. Unfortunately, it appears that the need for credit is so great, and growing, that the central banks are falling behind. For now the problems are primarily contained within banking and corporate borrowing arenas. When city, county and state governments start defaulting for lack of financing, probably sometime in 2009, we will likely face a choice between either “the mother of all bailouts”, or something much more sinister.