jtareen

Roubini the Revisionist

This article reminds me of a story: I used to have a co-worker who would religiously play the Texas lotto every week and believed that he could win. I used to tease him by saying every week religiously that i would guarantee he wouldn't win. He would ask me how can you guarantee it? I would say I just did. That's all it takes to make a prediction is to come out and say it. Every week I was proven right consistently, but he kept playing. No matter how much we know, we always make decisions based on emotions. Using math and history to forecast the stock market is a joke and everyone knows, because we may think rationally, but we always act out of desires. Keeping that in mind I predict the stock market crashes within 3 months. Big Time!!!

There Won't Be a Recovery

I thought the rant was relevant. There is another term for societies without equity: Third World Countries. We are possibly headed there. May be that is the master plan. The institutions that shape world events and policies are all in the west and value western hegemony over the rest of the world as their only leverage. Instead of allowing third world countries to build capital, the strategy always has been to keep their economies depressed, their govts and citizens dependent on western aid. This strategy is the remnants of the colonial mindset that America inherited from Britain but candy coated it in the form of World Bank, IMF and United Nations. After all, if third world countries were allowed to build their own capital they wouldn't need western aid, therefore free to make their own political and economic decisions. This could possibly lead to an enormous wealth building in those countries resulting in a dramatic power shift away from the Western Hemisphere. To mitigate this there has to be a plan to control the world financial blood stream and that can only happen with a introducing a single world currency, but this would not be acceptable to the American public, for this will require relenting a large amount of say on the part of the American public regarding their own monetary policies and that is why my friends there must be inequity across the political and economic landscape of this nation. A precursor to finally stripping America from its freedom to modulate its own monetary policies. That's my rant and I am sticking to it.