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  • Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923  [View article]
    Interesting article. One comment. One big difference is that the Mark was not the resrve currency of the world.
    Dec 04 01:00 am |Rating: 0 -1 |Link to Comment
  • The Fed Backed Itself into a Corner [View article]
    "If Wall Street is no longer working for Main Street, it is time to side with Main Street."

    BRAVO!

    I said something similar last year:
    financialblackmail.US/...
    Nov 23 02:27 am |Rating: 0 0 |Link to Comment
  • Is Foreign Demand for U.S Treasuries as Strong as It Looks? [View article]

    I would propose instead to abolish the Fed altogether. They encouraged and allowed the creation of the $1/2-1 QAUDRILLION derivatives bubble (including the shadow banking system) that has led to our current financial collaose, and is currently sucking out what is left of our economy.

    AbolishTheFed.info

    On Jun 26 10:41 AM coreopsis wrote:

    > Dave, I think you're being harsh on Bernanke who (like all of us
    > in the real world) is trying to find a solution to a problem that
    > has been evident for a long time (from Nixon going off the gold standard
    > in 1971) and results from the fact that successive US governments,
    > of both parties, overspend and print money to borrow (the only possibly
    > exception to this is Clinton). Republicans tend to favor the military-industrial
    > complex, and the Democrats, social transfer payments. Both parties
    > backed the pathways to the financial crisis we have today.
    >
    > Bernanke certainly understands this; he's a brilliant person as all
    > can testify. However, he can't singlehandedly reverse what has been
    > the American MO historically (and into the future).
    >
    > If Bernanke is replaced by Summers, which seems increasingly likely,
    > we will have true sorrow. A guy who was ejected as President of Harvard
    > and is a luminary of the private equity firm D.E. Shaw --- he's brilliant
    > too, but he has his buddies to protect. Seems to be doing a pretty
    > good job of it.
    Jun 26 12:56 pm |Rating: 0 0 |Link to Comment
  • Bad News Coming in Bunches, With No Let-Up in Sight [View article]
    The financial is collapsed. We need a new currency system in the US. Printing money is not going to get us oout of this mess.
    Dec 13 11:36 am |Rating: 0 0 |Link to Comment
  • Is the Worst Over? Let's Keep Our Options Open [View article]
    Maybe it is related to the $684 trillion in derivatives (12x world GDP) tearing apart the financial system?
    Nov 14 12:05 pm |Rating: 0 0 |Link to Comment
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