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Michael Clark

Michael Clark
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  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    The bailouts are continuing. ZIRP is a continual bailout, of debtors and banks. Nothing is over. Nothing is resolved. The Bailout Game goes on.
    Jul 17, 2015. 11:18 PM | 1 Like Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    America, Japan, England, China, the EU (Greece, Spain, Italy, France, Ireland)...are all having a debt crisis. This is what we have been going thorugh since 2001. Why are interest rates at ZERO? Because we are in a debt crisis. ZIRP protects all of us from defaulting on our loans and sinking the banks. THIS IS WHAT A DEBT CRISIS IS.

    Come on guys. This is a very basic understanding. Let's not pretend our leaders are going to get us through this if we just keep smiling, playing with out IPHONES and keep letting them steal our money and give it to their rich friends on Wall Street. Time to wake up!

    There is no easy, painless way out of this. We are in a cul-de-sac, a dead-end. And the rich people are stealing as much money as they can, before the world (as we know it) ends. No more nursery rhymes about positive thinking. We are a fish; and we have a hook in our collective mouth.
    Jul 17, 2015. 09:18 PM | 3 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    johnytimmybob: So a "Mad Max" world is the next stop on the historic economy tour bus? I doubt it. Things will definitely be bad, but even the Great Depression didn't turn neighbors against one another.
    ___
    Think again. I remember Germans killing French and French killing Italians and Spaniards killing their neighbors and Russians killing Germans. I remember Trade Unionists being shot down and beaten in American streets, by thugs hired by American corporations. Greece had a civil war; Germany had a civil war; France had a civil war; Spain had a civil war. That's what the Great Depression does. It eliminates the Middle Class everywhere. And the Middle Class is the buffer that keeps the rich and the poor from killing each other. The rich and the poor are in a constant war, until the Middle Class buffer appears. Then there is peace, or a sort, a kind of commercial kingdom peace -- a lot of spending, comfort, productive living, which we have deluded ourselves in the way life IS. It is the way life IS only while the middle class survives. And when the middle class vanishes, its more class war between the Rich (the fascists) and the Poor (the Communists) -- read the Bhagavat Gita. In that ancient book Krishna is trying to get Arjuna ready for the Eternal War. We're heading back into the Eternal War. Get your political armor on; it won't be pretty.
    Jul 17, 2015. 09:13 PM | 4 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    Karl, yes. Look at a ZIRP recovery. There is no such thing as a ZIRP recovery. We are being led to the slaughterhouse quietly. Give them IPods and IPhones. Make sure they don't wake up.
    Jul 17, 2015. 09:06 PM | 2 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    The banks are the mafia. The own the governments, not the reverse. And they want to destroy democracy, and institute a kind of feudalism again, where they are the 1% lords and ladies class work together to share all the pie and leave the rest of us 99% with 1% of the profits.

    And the white shirt and tie mafia is winningn; perhaps they have already won.
    Jul 17, 2015. 09:05 PM | 3 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    Who are those lenders? Why do they choose to employ their capital for usury rather than for production?
    ___
    That's the million dollar question. The banks are engaged in an LBO of the planet? Why? Because they want it all. They want to strip Greece and sell its parts to the highest bidder. They are the Dracula Class. Why do they do this? Because we let them. We romanticize the Winner, the Hero, the Billionaire...and tolerate whatever they do, because we want to be them some day.

    New Law: no government funds can EVER be used to bail out any corporation or bank. Simple to fix. Not painless; but simple.
    Jul 17, 2015. 09:03 PM | 3 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    Yes, Karl. And one of the things our leaders refuse to recognize is that there is a Spending Season (a Growth Season): 1911-1929; 1947-1965; 1983-2001... -- and there is a Saving Season 1929-1947; 1965-1983; 2001-2019....

    The Saving Season saves you from the Spending Season. And on the other end, the Spending Season saves you from the Saving Season. To support the Spending Season (Growth, or the Business Cycle), one needs to lower interest rates. To support the Saving Season (the end of Growth), one needs higher interest rates. Our leaders refuse to recognize this truth, pretending spending is eternal. They worship the GDP indicator, which measures only spending. If a country is spending, it is ok. If it is saving, it is not ok. We have leaders who are making it illegal to save, or trying to do this. They are insane, obviously. Saving is how we pay off our debts. But ZIRP makes saving impossible. SO MUCH FOR OUR LEADERSHIP.

    Time for new leaders.
    Jul 17, 2015. 08:55 PM | 2 Likes Like |Link to Comment
  • The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis [View article]
    Nice comment, copywryter. The world was crippled by corporated and private debt in 2008; and then the goverments started to bail out the banks, shifting all the bad bank debt over to the government, so that citizens could pay for all the money banks lost. That WAS the scam, the intent. The banks KNEW that the governments would bail them out if they failed; so they took risks, without regard to failure, which was also success to them (since they were backstopped by the government). Too big to fail. Too big to jail. Apparently.

    Those iron-clad limits can begin with laws making it explicit that failed banks and corporations will not be bailed out using taxpayer money. Making it ILLEGAL to bail out corporations that fail to protect themselves from risky trades (and businesses) that fail.

    That is the first step.

    Eventually, we need to make the banks a kind of public utility, that serves the public instead of owns the public.

    If the banks are scared of risk, if they have to eat their own failures, instead of having us eat them, they won't make bad loans.
    Jul 17, 2015. 08:49 PM | 4 Likes Like |Link to Comment
  • The Paint's Starting To Chip At Sherwin Williams [View article]
    I'm following you, James. I added SHW to my database. I will keep an eye on it. Keep writing. Enjoy your articles. It's nice to get a dose of realism on SA, surrounded by all the cheerleading.
    Jul 17, 2015. 01:41 AM | 1 Like Like |Link to Comment
  • EPISTLE FROM HEAVEN: DEPRESSION IS 'JUDGMENT DAY' [View instapost]
    http://econ.st/1GizAuP
    Jul 14, 2015. 01:25 AM | Likes Like |Link to Comment
  • EPISTLE FROM HEAVEN: DEPRESSION IS 'JUDGMENT DAY' [View instapost]
    No. I think the 1% is made up mostly of business leaders and ceos of corporations and bankers. Not too many government leaders in actual 1%.
    Jul 14, 2015. 01:20 AM | Likes Like |Link to Comment
  • EPISTLE FROM HEAVEN: DEPRESSION IS 'JUDGMENT DAY' [View instapost]
    Thanks, Alan. I'll check him out.
    MJC
    Jul 13, 2015. 12:09 AM | Likes Like |Link to Comment
  • China begins market manipulation hunt [View news story]
    Communists like the witch-hunt; capitalists like the crime and the criminal. No witchhunt required. We'll be good in the future. We can police ourselves. You can trust us.

    The greatest witch-hunt in American history was to flush out liberals in positions of power, and whitewash (and blackball) them as communists. We have our own versions of witch-hunts also.
    Jul 12, 2015. 08:01 PM | 1 Like Like |Link to Comment
  • China begins market manipulation hunt [View news story]
    Market Manipulation. Indeed. Who is the biggest market manipulators in the world? Our own Federal Reserve, and their little Goldman Saches cronies all over the world.

    I agree, arrest the manipulators. Start with Greenspan and Bernanke; give Yellen a warning, and suggest she retire.
    Jul 12, 2015. 07:58 PM | 1 Like Like |Link to Comment
  • China begins market manipulation hunt [View news story]
    YES. Well according to this article Chinese Margin Debt is the highest in the history of the globe. Make sure to see the chart comparing Chinese to other high-margin players.

    http://bit.ly/1HVWXll

    If you are allergic to the source then I'll assume you like your own version of the truth.
    Jul 12, 2015. 07:55 PM | 2 Likes Like |Link to Comment
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