"The Treasury auctions continue. While bonds are getting sold, the results in the aftermarket for them haven't been good. There are more bonds to be sold than you can shake a stick at which is why many want to short."
Indeed. The rest of the world has woken up to the fact that America is bankrupt in every sense of the word. Can't really blame them for that.
China is on a buying spree in an attempt to unload their $2T reserves before the dollar collapses or is seriously devalued.
Few outside America are buying America's bull anymore. Sooner rather than later no one will.
Anyway one looks at it there is nothing that can be done to stop the inevitable total collapse. No incremental solution. No all encompassing solution. Any thoughts to the contrary are simply the worst of lies. Those being the lies one tells oneself.
Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with the wrongheaded belief that government is the problem have brought the worlds economies to bankruptcy. Prima facie evidence that less government, less regulation and unbridled greed comprise a failed religion many refer to as capitalism.
The Real Crisis: Collapsing Capital Accumulation Process [View article]
Author wrote:
"the Obama Administration’s stimulus packages and bailouts are incapable of causing any meaningful reversal in a capital accumulation process which is now being directed by states, not by free-market considerations"
While I agree that nothing Obama can or will do is capable of fixing the mess the extremist-capitalists got us into it is about time capital accumulation becomes less concentrated.
The Real Crisis: Collapsing Capital Accumulation Process [View article]
Author wrote:
"the proponents of the Bolivarian Revolution in Latin America (Venezuela, Bolivia, Ecuador and Nicaragua at this juncture) are no longer interested in allowing their mineral and energy assets to be developed by western companies according to traditional profit-sharing agreements."
Which is to say they're no longer willing to allow greedy gringo capitalists to rape and pillage their land and economies.
Great Depression Not Imminent, But Inevitable [View article]
@proximo:
Add more American military aggression, more CIA caused strife and meltdown overseas and more impotent fools trying to fix their mess by using the same tools that got us here in the first place.
In other words, like the author you are trying to divert attention form the real problem by assigning a fall guy that is convenient.
The US Wall Street Banksters and their Congressional lap dogs are at fault. No outside boogey man did this to us.
On Dec 17 08:47 PM PROXIMO wrote:
> ANOTHER GREAT DEPRESSION MAY OR MAY NOT BE INEVITABLE IN THE NEXT > YEAR OR SO, BUT IT IS NOT IMPLAUSIBLE. AT THIS POINT IT IS NOT > HARD TO THINK OF CATALYSTS FOR A CRISIS; A PANIC ON WALL STREET, > ANOTHER 9-11, TOP LEVEL POLITICAL SCANDAL, MORE SOVIET MILITARY > AGGRESSION, FURTHER MELTDOWN OVERSEAS, ETC. ANOTHER > WELL-REASONED TERRIFIC ARTICLE AS USUAL BY SAXENA.
Thursday Outlook: Commodities, Emerging Markets [View article]
"The Treasury auctions continue. While bonds are getting sold, the results in the aftermarket for them haven't been good. There are more bonds to be sold than you can shake a stick at which is why many want to short."
Indeed. The rest of the world has woken up to the fact that America is bankrupt in every sense of the word. Can't really blame them for that.
China is on a buying spree in an attempt to unload their $2T reserves before the dollar collapses or is seriously devalued.
Few outside America are buying America's bull anymore. Sooner rather than later no one will.
Wednesday Outlook: Commodities, Emerging Markets [View article]
Wednesday Outlook: Commodities, Emerging Markets [View article]
The Real Crisis: Collapsing Capital Accumulation Process [View article]
"the Obama Administration’s stimulus packages and bailouts are incapable of causing any meaningful reversal in a capital accumulation process which is now being directed by states, not by free-market considerations"
While I agree that nothing Obama can or will do is capable of fixing the mess the extremist-capitalists got us into it is about time capital accumulation becomes less concentrated.
The Real Crisis: Collapsing Capital Accumulation Process [View article]
"the proponents of the Bolivarian Revolution in Latin America (Venezuela, Bolivia, Ecuador and Nicaragua at this juncture) are no longer interested in allowing their mineral and energy assets to be developed by western companies according to traditional profit-sharing agreements."
Which is to say they're no longer willing to allow greedy gringo capitalists to rape and pillage their land and economies.
Stocks Churning, Commodities and Currencies Burning [View article]
Great Depression Not Imminent, But Inevitable [View article]
Add more American military aggression, more CIA caused strife and meltdown overseas and more impotent fools trying to fix their mess by using the same tools that got us here in the first place.
In other words, like the author you are trying to divert attention form the real problem by assigning a fall guy that is convenient.
The US Wall Street Banksters and their Congressional lap dogs are at fault. No outside boogey man did this to us.
On Dec 17 08:47 PM PROXIMO wrote:
> ANOTHER GREAT DEPRESSION MAY OR MAY NOT BE INEVITABLE IN THE NEXT
> YEAR OR SO, BUT IT IS NOT IMPLAUSIBLE. AT THIS POINT IT IS NOT
> HARD TO THINK OF CATALYSTS FOR A CRISIS; A PANIC ON WALL STREET,
> ANOTHER 9-11, TOP LEVEL POLITICAL SCANDAL, MORE SOVIET MILITARY
> AGGRESSION, FURTHER MELTDOWN OVERSEAS, ETC. ANOTHER
> WELL-REASONED TERRIFIC ARTICLE AS USUAL BY SAXENA.
Can Central Bankers Prevent a Great Depression? [View article]
Grasping at straws.
On Nov 19 12:26 PM derryl wrote:
>
> I think this could be a good thing.
Friday Outlook: Commodities, Emerging Markets [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]