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atm
Joined: 16 Apr 2006
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Fintan
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Joined: 18 Jan 2006
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 Posted: Tue Nov 09, 2010 7:29 pm Post subject: |
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Fintan
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| Posted: Thu Nov 11, 2010 4:01 pm Post subject: |
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"The Ice Is Thin"
A sober and sobering analysis of the US and
the global economy -by Jeremy Grantham,
author of Night of the Living Fed.
If you listen to Marc Faber and this guy you got it mostly covered.
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Fintan
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| Posted: Fri Nov 12, 2010 1:10 pm Post subject: |
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NWO A TOOTHLESS MONSTER AT G20
At the G20 Summit, the world has just decided to plow ahead with
policies designed to boost the global economy --and damn the NWO
--who have been left to deal with their own economic problems.
The bruising global defeat, left Obama whining to the media:
| Quote: | Obama Sharpens Yuan Criticism After
G-20 Nations Let China Off the Hook
By Michael Forsythe and Julianna Goldman - Nov 12, 2010 11:45 AM GMT
President Barack Obama made one of his strongest attacks on China’s policy of undervaluing its currency, minutes after he and other leaders ended a summit that failed to agree on a remedy for distorted trade and investment.
"It is undervalued," Obama said of the yuan, speaking to reporters in Seoul after a Group of 20 summit concluded. "And China spends enormous amounts of money intervening in the market to keep it undervalued." |
The G20 leaders also authorized emerging economies to impose capital
controls to defend against Bernanke's helicopter dollars destabilizing their
local markets. The globe is sick of the NWO bandits on Wall St..
Even as countries around the globe move to reform their financial sectors
and reinvent small government, the world sees the NWO Wall St. Cartel
protecting an unreformed corrupt, fraud-riddled farce where fake mortgages
are bought by the government in a crony capitalism feeding frenzy.
The UK branch of the NWO's core Anglo-American alliance is a busted
flush and the US financial mafia are now reviled globally and friendless.
The NWO has just reached the end of it's international rope.
The ongoing domestic revolution
at home is their next nightmare.
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Fintan
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Joined: 18 Jan 2006
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| Posted: Fri Nov 12, 2010 1:54 pm Post subject: |
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| Quote: | Merkel wins trade surplus duel with Obama at G20
 Exporters like Germany and China have won through in a battle of wills with President Barack Obama. The cap on trade surpluses and deficits desired by the US will not be imposed at Seoul's G20 summit, Merkel has said.
German Chancellor Angela Merkel announced late on Thursday in Seoul that the issue of current account imbalances - which arise when a country has either a large surplus or deficit in international trade - will not be addressed by imposing fixed limits.
This is a victory for major exporters like Germany and China, who were keen to defend the boost their economies enjoy by exporting significantly more than they import each year.
"We believe that politically imposed upper limits on trade surpluses or deficits are neither economically justified nor politically appropriate," Merkel said earlier on Thursday. "Instead, I believe that free trade should be our focus; that the competitiveness of individual market players should not be undermined by political limitations."
http://www.dw-world.de/dw/article/0,,6219683,00.html |
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Fintan
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| Posted: Fri Nov 12, 2010 5:00 pm Post subject: |
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G20 Backs Tea Party Policies
On Healing US Economy
You'll never get the mainstream press to agree, but the G20 leaders
have just rejected Obama's Wall-St-inspired policies, and have in
essence backed the fiscal conservatism of the Tea Party.
Reduce spending, stop printing dollars, end bailouts and stop fraud.
Funny enough, that's exactly the message the American people just
gave to Washington D.C. in the recent mid-term elections in the US.
Nowhere to hide for the NWO.
Everybody knows your game.
| Quote: |
Obama’s Trade Strategy Runs
Into Stiff Resistance
By SEWELL CHAN, SHERYL GAY STOLBERG and DAVID E. SANGER
NY Times - November 11, 2010
SEOUL, South Korea — President Obama’s hopes of emerging from his Asia trip with the twin victories of a free trade agreement with South Korea and a unified approach to spurring economic growth around the world ran into resistance on all fronts on Thursday, putting Mr. Obama at odds with his key allies and largest trading partners.
The most concrete trophy expected to emerge from the trip eluded his grasp: a long-delayed free trade agreement with South Korea, first negotiated by the Bush administration and then reopened by Mr. Obama, to have greater protections for American workers.
And as officials frenetically tried to paper over differences among the Group of 20 members with a vaguely worded communiqué to be issued Friday, there was no way to avoid discussion of the fundamental differences of economic strategy. After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany and Brazil.
Each rejected core elements of Mr. Obama’s strategy of stimulating growth before focusing on deficit reduction. Several major nations continued to accuse the Federal Reserve of deliberately devaluing the dollar last week in an effort to put the costs of America’s competitive troubles on trading partners, rather than taking politically tough measures to rein in spending at home......
Mrs. Merkel is credited with avoiding spending heavily on stimulus programs and emerging with the most successful recovery in Europe. |
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Fintan
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| Posted: Fri Nov 12, 2010 5:17 pm Post subject: |
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| Quote: | Nassim Taleb: "The Fed's Business Is Price Instability"
"Black Swan" author Nassim Taleb appeared on Bloomberg
Television's "Inside Track" this morning to talk about QE2.
Taleb compared U.S. central bank policy makers to the managers of
Long-Term Capital Management LP, the hedge fund that failed in 1998.
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Figaro
Joined: 03 Nov 2010
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sat Nov 13, 2010 6:32 am Post subject: |
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All this talk, Tea Party and others, of stop printing dollars, control spending, is great.
But when it comes down to the reality - and the reality is nothing more than seriously reducing (hopefully eliminating) federal government spending for both the socialism and the MIC, well folks....hope springs eternal but IMHO: It just ain't gonna happen! |
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Figaro
Joined: 03 Nov 2010
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| Posted: Sat Nov 13, 2010 6:57 am Post subject: |
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| If you read the LawCap chapter of Buckminster Fullers Critical path (I'm invoking Bucky to keep Fintan on my side:-P), he explains the necessity of the socialism FDR did in the 30s. The problem is not Federalism or Socialism, it is corruption. Do you go into public libraries and complain that some self-employed book store owner is losing out to this communist library? |
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Fintan
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| Posted: Sun Nov 14, 2010 10:45 pm Post subject: |
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| Quote: | Figaro:
The problem is not Federalism or Socialism, it is corruption. |
It's good to get a focus back on a core problem: corruption.
But is the problem of entrenched corruption made worse or better
by a Socialist thrust -- or by strict, truly free market Capitalism?
Close thing, but I think the free market edges it.
Samsung is a brilliant example of the inspired Socialist creation of a
world-beating technology company. Nokia is a similarly stunning example
where a world class leader was created in a more Western Capitalist model.
In both cases cronyism was sidelined because the people running both
startups were acting in their national interest with nationalistic motivation.
The Socialist/Capitalist dichotomy is half-illusory.
When you step back, it's clear that reform which enables the Rule of Law
to reassert itself is the primary and most important step.
And this is much, much more important than the economic model.
Rule of Law = Job 1 for USA.
Then we can argue about the economics.
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MichaelC
Joined: 06 Jul 2006
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| Posted: Mon Nov 15, 2010 6:18 am Post subject: |
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| Quote: | The problem is not Federalism or Socialism, it is corruption.
It's good to get a focus back on a core problem: corruption. |
whenever there is 'free' government money being handed out - to any body or any thing - there is corruption.
It is the very essence of the beast, there is no separating it. |
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bri
Joined: 16 Jun 2006
Posts: 2314
Location: Capacious Creek
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 Posted: Mon Nov 15, 2010 1:33 pm Post subject: |
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| Fintan wrote: |
The Socialist/Capitalist dichotomy is half-illusory. |
Marxist Acquaintance: Crush the State!!
Me: Doesn't the Manifesto state that the State owns all?
Marxist Acquaintance.: Uhhhhhh.....
Can't have it both ways but maybe there's a balance.
When both "sides" of the debate and I mean beyond bi-partisan Dem/Repub bullshit stop childishly ignoring and fearing one another then we can learn about ethics for once and stop the Right/Left elite. They're more broke than we can possibly imagine. Now's the time as we've been saying for sometime now....to rise up...in brain power!
Not: Get angry, drink a few beers, complain, repeat. |
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