Shockedandawed

A Viewer's Guide to Geithner's Speech

The most disturbing development of this moment is that political leaders don't consider any alternative to the excessive spending plans and that all criticism and contemplation on the dire consequences is already labelled as 'unpatriotic' before it is uttered. Because "we need to act fast." Trillions of Dollars, Euro’s and Roubles are being burned in a bonfire of the desperate. despite the calls for fast decision making, the first effects on the economy can only be expected as from end of the year, the multiplier effect will show up too late, and in any case the ‘stimulus package’ will remain a drop in the ocean of hyperinflation and second wave credit card and insurance company defaults. We are broke and society will notice soon…

Also see Crunchreport.com on these issues.

Geithner Bank Plan: Success Depends Upon Framing

The difference between socialism and capitalism? Under socialism, banks are first nationalised and then go bankrupt. In the capitalist system it appears to work the other way around. Read more on Crunchreport.com.

Let's Have Inflation

This week we are seeing the first indications that European politicians are starting to comment on the exploding national debts in public. But Mr. Obama is not there yet. It is time for our political leaders to start explaining us where they see the exit.

Or, as the FT puts it: “To calm investors’ nerves, finance ministers must make plain how they intend to keep paying creditors without resorting to debasing their currencies. Those who have not already credibly done so are living on borrowed time.”

I've read some interesting related articles on Crunchreport.com.

Is the U.S. Solvent?

This week we are seeing the first indications that politicians are starting to comment on the exploding national debts in public. It is time for our political leaders to start explaining us where they see the exit. I've read an interesting related article on Crunchreport.com.

Ten Non-Predictions for 2009, Part I

The impact of the Crunch on society offers a welcome stage for many who normally you would not expect to meet together on a birthday party. But combined they well may prove to become quite a nuisance for a ‘civilised’ return to the good old days. There is an interesting article on some apparently converging trends that could have a significant impact on the front pages over the coming months and years, posted on www. crunchreport.com.