tin1

Noteworthy Pundit: Marc Faber's 2009 Predictions

let me rebut your long post with just one sentence. They want to implode the U.S economy and dollar to usher in a North American Union, Canada, U.S and Mexico


On Dec 30 01:45 PM derryl wrote:

> SW,
> I'm not so sure the currency debasement is in the future. Between
> the commercial banks' subprime trillions and investment banks' derivatives
> trillions the dollar was already debased to the tune of these 10s
> or hundreds of trillions of created money over the past decade or
> so. With these trillions unwinding and evaporating the Fed's creation
> of new trillions may do nothing more than stop the decline or partially
> restore the general money supply and price levels that were in effect
> before the deleveraging began.
>
> Faber made a good point about Japan that I think applies to the US.
> Japanese price deflation mostly affected real estate and stocks,
> the 2 asset classes that had enjoyed the bulk of the previous inflation
> of money creation. Deleveraging deflates the same assets that it
> inflated. If you take out oil and transportation US CPI has hardly
> moved while real estate (only in the regions like California and
> Florida that were most inflated) and stock prices have plummeted.
> And the price of Wall St derivative assets is unwinding completely
> along with the fantasy money that was used to purchase them in the
> first place.
>
> So I think the currency debasement has already happened and most
> of that money went into these 3 specific asset classes which are
> now deflating. Treasury prevented the mortgage industry from collapsing
> by taking Fannie and Freddie public. Bernanke's $350 billion went
> to preventing insolvency of Wall St commercial banks who created
> money for derivatives purchases, assets that are now either worth
> less or worthless. Everybody had to dump their still valuable assets--stocks--to
> try to cover their losses in the inflated categories, which deflated
> stocks. In the panic "real" money dumped stocks too so there's still
> a lot of money waiting to see what to do next.
>
> Bernanke will not replace the evaporating derivatives trillions so
> that market will simply deflate, maybe (hopefully) permanently. Tim
> has explained that rapid real estate inflation is unsustainable for
> reasons of fundamental affordability so the deflating regions will
> not reflate to 2006 levels. More Treasury or Fed billions will just
> move the bad debt from private to public hands and move the good
> money from public to private hands--the banks, to encourage new lending
> to stop the decline and prevent broader deflation.
>
> I share Faber's bullishness on long oil and other essential commodities,
> but unless somebody has a big international money system surprise
> up their sleeve gold is only a fear investment and as soon as fear
> subsides gold will decline. If things stay bad and fear lasts for
> over a year there could be some good gains in gold, but I have a
> suspicion a recovery will begin in mid-2009 because I think Obama
> will bail out underwater mortgages. I think some deal will be made
> for the Fed or Treasury to buy the underwater portions in order to
> stabilize both the real estate markets and people's mood.
>
> So the upshot: There's still lots of money to evaporate as derivatives
> continue their terminal decline, but I think that problem has been
> or is being isolated from the rest of the economy. The investment
> bank money and the derivatives assets it purchased will decline in
> tandem. A portion of that money was leaking into the economy by way
> of salaries and bonuses paid to staff and by people cashing out before
> the scheme began unwinding. That flow should stop, so a replacement
> flow of new Fed money shouldn't be any more debasing than what was
> already happening.
>

2009: The Year of the Carbon Market

The sun is the main driving force behind the earths climate. The earth has actually been cooling for the last 5 years. That is Why the government insiders working for the Private central banks which collect the carbon tax have changed their talking points. Its no longer global warming, its now Climate Change lol. Explain why in the same period the earth was warming up slightly that the same thing was happening in the rest of the solar system. The ice caps on Mars which are comprised of frozen methane , were retreating at several miles a year. Two of Jupiter's moons which were previously frozen balls of ice turned into liquid seas. The common denominator is the sun, not people driving around in suv's. Why do governments have to buy carbon credits from the private central banks who's shareholders are un elected? The same people who run the ponzi scheme of loaning the same governments money with interest, called fractional reserve banking . The carbon tax is way these globalists to impose a tax to control our day to day living and send all industries over to asia where there are no restrictions. People need to do their homework before deciding the government is doing this because they love us.