crawlars

Hyperinflationary Depression Must Be Avoided

Absolutely agree, our sham of a financial "system" will continue to blatantly transfer value to the wealthy few. It will break someday as our joke-of-a-government has forgotten what public service is.

How will it break? In a not-too-nice way for all.


On Nov 19 05:54 AM User 353732 wrote:

> The Middle Class is likely to find itself confronting simultaneous
> inflation in essential goods and services, stagnation(in real terms)
> in housing prices for several years and deflation in total after
> tax disposable income.
>
> Inflation because real assets will (and already are starting to )
> reset their exchange rate versus the fake dollar. The more the dollar
> is debased the more internationally traded real assets will rise
> in dollar denominated prices to maintain or enhance true intrinsic
> purchasing power. Initially, the proto currencies will "inflate"
> rapidly. These are gold, silver, platinum, rare earths and oil.<br/>Next
> will come industrial ores and metals and aluminum, fibers, timber
> and food and the rest of the energy complex, including nuclear.<br/>The
> less amenable to manipulation and corruption by the US Regime a real
> asset the first and fastest it will reset its exchange rate versus
> the dollar.
> Once all the foundational resources of the US economy(and the world
> economy) have inflated in dollar terms almost all essential goods
> and services in the US will experience inflation(or else entire industries
> will be bankrupted by a ferocious cost squeeze).
> US real estate will be the among the last asset classes to inflate
> because it is most subject to manipulation and price distortion by
> the US Regime.
>
> Transfer payments to the lower class will inflate to maintain money
> illusion ( while losing purchasing power but the lower class has
> never understood the concept of real purchasing power)so the Regime
> can maintain control. The Upper Class will prosper mightily as real
> assets inflate and the Regime gets even more gargantuan.
>
> It is the middle class that will suffer a very painful deflation
> in their purchasing power and a catastrophic erosion in their material
> and psychological quality of life.
>
> Either the Regime goes or the Middle Class vanishes in America as
> a significant political, social and moral presence.
>
> The Regime can be reformed by shame or purged by struggle.
> Shame is unlikely to be effective since the grossly indecent and
> pathologically self adoring are irredeemably shameless.
> Struggle is then the only effective alternative for purging and exiling
> the US Regime. In late 2009 it is an imponderable whether the Middle
> Class can prevail in what has to be a protracted struggle.
>
> However, should a net 7,000 jobs be lost every day for the next several
> months , small business failures continue at their current pace and
> middle class credit starvation remain high, then the struggle may
> well be initiated in mid to late 2010. If it is, then the next decade
> may be one of the most consequential in American history.
> At the end, we will once again be a free nation with a rising middle
> class and ascending liberty, prosperity, security and global stature......or
> a shabby,dark, cruel Gulag of America.

Housing Bottom - Oh Really?

Awesome.


On Sep 11 05:34 PM Desertfox44 wrote:

> "Remember, remember the fifth of November
> Gunpowder, treason and plot.
> I see no reason why gunpowder, treason
> Should ever be forgot"... Guy Fawkes Poem
>
> The parable of a further collapse of housing mirrors that of the
> “house” of our country. Fawkes’ warning of the reordering “by other
> means” of the coming Storm writ large - one possible and preventable
> future. Do we have it, in each of us, those who “know” what is happening,
> to collectively prevent this dark future; by holding accountable,
> those who caused this collapse, from not repeating it again? I fear
> the next (preventable, if we act now) collapse will be the last straw
> for any sort of orderly response.
>
> An aside here is important: I assess the quality of Seeking Alpha
> Articles by: author content &amp; facts and, by the measure and erudition
> of the comments it produces - or, does not. "Erudition is the depth,
> polish and breadth that is applied to education from further readings
> and understanding ... The Latin educare means to "lead out" from
> ignorance; hence to think critically and logically. An erudite person
> has both deep and broad familiarity with a subject." Wikipedia <br/>
>
> Mr. Nielson's well-argued article has produced both. Readers and
> writers of Seeking Alpha come for many reasons but, one of the most
> important is to become more erudite, to be lead out of ignorance.
> Why? Many of us in finance and investing have moved from suspecting
> to, knowing, that we are being lied to and manipulated by Government,
> politicians, the banks, the markets and the MSMedia who have nearly
> abandoned the '"actual" truth of where we stand as a country. <br/>
>
> That this site, and many like-minded others, exists in such profound
> depth and numbers represents a colossal failure of governance. And
> we all know it. The MSM are beginning to fear financial blog sites
> - but not enough. Why? They count on manipulating the masses of the
> ignorant – the “sheeple.” There are still far too many people ignorant
> of what has happened and how it happened for true consequences to
> occur.
>
> And so, a furious financial blog culture of mostly erudite people
> has exploded on the internet that combines multiple areas of expertise
> so that we work to reveal the true nature of what reality is from
> where the lies have left off. We are all in the process of becoming
> more erudite to save what we have left from this preventable debacle
> by means of investing or hedging so we do not lose more (and hopefully
> profit) in a deflationary AND inflationary environment.
>
> However, from all that I read at this site, I would argue we are
> here for an even deeper reason - searching for any hint of accountability
> on the part of EVERYONE who caused this immolation of our financial
> system. The anger is palpable and justified. Currently, we are allowing
> our country to continue to be subsumed by an increasing debt load
> that soon will reach 100% of GDP. This WILL be followed by massive
> dollar deflation, soaring commodity prices and a total debasement
> of our currency through QE via unquenchable liquidity creation no
> matter what The Fed says. At that point, many of our best hedging
> strategies will evaporate and all that will be left are most likely
> commodities and forex plays. The years 2008-09 will be but a presage
> of what is to come, the next time will be a truly devastating flood
> of bankruptcies and market declines. See: 1929-1939.
>
> Some articles have called for accountability. The vital thing missing,
> in all of these articles and comments, are direct actions we can
> make to force accountability upon these three groups: those who caused,
> profited from and failed to prevent this disaster so another even
> more devastating one does not occur in the future. But wait. Worse
> still, unabated by the first catastrophe, those three same groups
> are now creating just that next disaster and we all are standing
> by blogging, commenting and correctly predicting the next crash just
> like by-standers at a multiple crash scene. But I don't want to be
> just right about housing, CRE, option-ARM's, banking, deficits, debt
> and dollar devaluation etc.
>
> If these three groups are not stopped, we all know what is going
> to happen. We just don't know how bad it will be and when it will
> happen. How is it that these groups are still operating with no accountability
> to us and bailing out nearly every irresponsible person, interest
> group and company in America at an unconscionable cost to taxpayers?
> How?!
>
> Easy, they do not fear us. And until they do, nothing will change.
> No one has been held accountable and so what is there to fear? They
> know they have all gotten away with "it" - so far. So they are now
> in the process of inflating another set of bubbles, it's all on the
> American taxpayer anyway, “they” are all too-big-to-fail - moral
> hazard has been blasted away. Market Capitalism? Don't insult us
> with that garbage anymore. They have privatize the gains and socialized
> the risks, equals no downside.
>
> So really, what is real fear to “them”? Fear is 5 million people
> marching on Washington and every other city and demanding accountability
> in such fury politicians actually become really afraid. Fear is “banksters”
> afraid to walk in and out of their buildings. Fear is forcing accountability
> with such overwhelming numbers that no one dares back off reforms
> and punishments. This type of Fear is offering an orderly accountability
> before social conditions become very, very disorderly. Fear is forcing
> a two term limit on every politician from county, to city, to state,
> to Congress in order to decouple the graft and corruption between
> special interests and politicians. Politics ought to be so difficult
> that no one would want to stay more than 4 years. Politics should
> not be an avocation anyone should aspire to nor be allowed to stay
> in power for 9 - 50 years.
>
> But as it stands now, the financial oligarchy and the corrupt, crony
> politicians own the show and have now finally melded together to
> become a true kleptocracy, completely divorced from the consequences
> to the rest of the country. Def: "Kleptocracies are some other form
> of autocratic and nepotist government, or lapsed democracies that
> have transformed into oligarchies. A kleptocratic ruler typically
> treats his country's treasury as though it were his (their) own personal
> bank account." Need I say more - Citi, BoA, AIG, FNM. FRM, JPM, GS,
> WFC, GM, etc?
>
> I love this country very, very deeply and if we do not organize and
> protest in a manner that creates fear, responsibility, and punishment
> of those who must be held accountable, then we will get the government
> that we so richly deserve because we, like Nero, only "fiddled" (blogged)
> while Rome burned. Anyone who does not believe this country is burning
> is sorely mislead because that is the job of disinformation courtesy
> of the bankers, the MSM and the Government. And I contend that "fiddling"
> while Rome burns will get us nowhere because conspiracy "theories"
> are all too quickly becoming confirmed as facts. (See back door/closed
> door/insider actions by: Fed, Treasury, TALF, TGLP, Front running,
> huddling, hi frequency trading, “stick saves,” GS, SEC, FDIC, FHA,
> market manipulations and manufactured recovery etc.)
>
> I feel like we are watching a combination of the movie “Brazil” and
> “V for Vendetta” – both eerie for life now imitating art. And maybe
> that is crux of the problem. Most of us are just “watching” and “fiddling.”
> And so I ask, exactly what separates “us” who know what is going
> on, who read, write and comment on the financial blogs from the “sheeple”
> we deride? That we are hedged or, in cash or commodities? What happens
> when the whole system seizes up and collapses? Then what are we?
> Have we all so quickly forgotten the last year? Remember the panic
> of last September?
>
> Perhaps we should also – “Remember, Remember the 5th of November.”

The U.S. Banking Crisis Is Just Beginning

Very, very well said. The Powers are fanning the ideal smoke-screen.


On Aug 16 10:53 AM Destin wrote:

> Bravo again Jeff, your last sentence sums it up perfectly. Our two-party
> dictatorship of corporate whores and their all-too-willing accomplices
> in the media have successfully shifted public attention to a "debate"
> on health care with a level of discourse utterly appalling to any
> rational, intelligent, thinking human being. The greatest financial
> criminals in human history have been made whole on the backs of current
> and future generations of American taxpayers, but the people have
> already changed the channel. Rome burns yet the coliseum is still
> packed to capacity.

The Truth About Fossil Fuels and Renewable Energy (Part II)

This has all the markings of a scam.


On Aug 09 10:49 AM User 31616 wrote:

> "There are no near-term alternatives to oil, natural gas, nuclear
> and coal. Like it or not, the world runs on fossil fuels, and it
> will for years to come."
> Mr.J. Shaefer , I think the technology of Sustainable Power Corp.(seekingalpha.com/symbo...)
> is the alternative to oil and natural gas.
>
> SustainablePowerCorp.us.

Mortgage Melt-Down Investigation: Goldman Sachs and Deutsche Bank Get Served

Nothing will come of it, sadly.

Ron Paul on the Economy

Google and watch The Money Masters.

Bernanke's Pending Testimony: Déjà Vu All Over Again?

www.thenation.com/doc/...

Financial Regulatory Reform: The Good, Bad and Ugly

Agree wholeheartedly. this is one view why:

www.thenation.com/doc/...




On Jul 19 10:06 AM Barbarous Relic wrote:

> There are really only two main financial regulatory moves that need
> be made. First, abolish the Fed. This will eliminate the safety net
> behind banks, ensuring that they avoid excessive risk or they will
> fail. It will further prevent the government from altering the money
> supply, thereby eliminating future finanical bubbles.
>
> Second, make fractional reserve lending illegal. Lending out money
> from demand deposits that legally belong to someone else should be
> viewed as fraud and treated as such. This will further prevent swings
> in the money supply, and eliminate the fear of bank runs. All money
> in the system would then be backed by savings. Interest rates would
> be set by the interaction between savers/lenders and borrowers, free
> from government agendas.
>
> Goldman Sachs and others would no longer be able to generate tremendous
> profits on the back of near-free money.
>
> There would no longer be large scale inflation or deflation, and
> government's power to spend recklessly would be significantly lessened.
> Artificial booms and busts would largely be smoothed. Prices of most
> manufactured products would gradually decline over time, reflecting
> improved technology and efficiency.
>
> And, above all, no company in any industry whatsoever should be considered
> "too big to fail" and deserving of access to taxpayer money.

San Francisco Fed President on the Economy

Absolutely agree, FY. An economy based on jobs that produce no tangible value is doomed, e.g., "innovative" banking...


On Jul 02 01:36 AM Fighting Yoda wrote:

> Fed has done everything - cheap money, easy money, free money; moral
> hazard etc do not exist. However the net result has been the deepest
> recession with no end in sight. The reason is simple it was a house
> of cards that has collapsed. None of our leadership is prepared to
> acknowledge the failure and move to a new direction.
>
> US has to get back to basics - 'produce stuff'. We can't live on
> this paper shuffling economy where jobs and manufacturing is all
> outsourced - we simply borrow and consume. That smoke and mirror
> nonsense is over - Obama is trying hard to keep the facade up - he
> will learn and fail.

Torturing Statistics on the Housing Bubble

They knew...they all knew.


On Jun 30 09:01 AM prudentinvestor wrote:

> Your state: "... GS would have lost billions if the government had
> not bailed out AIG; therefore, GS screwed up their due diligence
> as bad as everyone else. ..".
>
> You appear to have discounted the possibility that GS knew, a priori,
> that the taxpayer will step into AIG's shoes and make them whole,
> if and when AIG failed. I think they did not screw up and that their
> due diligence included a government backstop, and was indeed proven
> sound, if unethical.

Is Treasury's TARP Debt Already Monetized?

The printed money banks hold will buy real estate, etc. for pennies on the dollar when all have capitulated.

The Fed's Money Printing Nirvana

Neat trick, printing all of that money and no inflation...

Can We Trust the Folks Who Missed This Crisis to Prevent the Next One?

We can trust them to serve themselves. This will mean all actions taken will ultimately result in transference of wealth to those that control monetary policy...

The Looming Black Cloud of Government Debt

Exactly correct. Understanding this causes one to see everything differently...a lot of mysteries are unveiled. No longer do I ask why government does what it does.

So we are left with: Putter along in blissful ignorance (enjoy life while you can), revolt or try to figure out how to make money on it all.


On Jun 24 09:06 AM fireball wrote:

> the oligarchs that own our politicians own the oversized financials.
> the fed is the ace in the hole. what a mess for the citizens this
> unconstitutional money/banking scam has wrought.
> even the few who were careful and responsible will be dragged down
> as inflation,deflation are used to expand and contract the fiat money
> supply to squeeze the last drops of wealth and financial independence
> from the middle class.
> obama is not stupid. he has done the opposite of what he said. remember
> "the failed policies of the last 8 years uttered about 1000 times?"
> some of those that supported him are waking up to this. they are
> the intelligent objective few. most of the bleating sheep still think
> he is something besides one more politician.
> jackson was a public servant that knew exactly the evil he stood
> against.

Solution to Our Economic Mess? Limit Leverage!

"The Money Game" video, google it.