Shameless plug (and still a work in progress): http://fiatcollapse.blogspot.com/2010/09/pimcos-el-erian-does-not-believe-eu.html
Indiscriminate and irresponsible lending has not fully been punished, IMHO. And what is the result? TBTF institutions that are still calling the...
Whose losses are we discussing here? Deutsche Bank? Societe Generale? Yes, those two institutions are politically important, I would think....
The ECB's actions are making someone whole again, that under a capitalist system, should have experienced failure. To me, that's printing, and...
The collapse is in progress right now. I think people have this mistaken view of historical time... that a big event has to take place within...
The credit system, which has its focus in the so-called national banks and the big money-lenders and usurers surrounding them, constitutes...
I think the value in most competing economic theories is their criticism of other theories. That said, understanding Marxism is still...
If it weren't for those "communists" running the country and taking over Fannie and Freddie and the entire housing financial system, your house's...
Something else that is telling in Greece: Greece, being a small country in a rather volatile area of the world has mandatory military service....
The strike is over. Fuel deliveries are picking up again. As of yesterday, a couple hundred union truckers broke ranks and went back to work...
Morally, austerity makes more sense because it rewards the savers and punishes the debtors. Inflation does the opposite. But how do the two...
I'm in a Haagen Daz cafe right now, it's morning - 9:40 am. Looks like there must have been overnight delivieries of gas to the island. Across...
I'm in Greece right now, on an island in the Ionian. There is only one gas station that has gas near the capital city of Kefalonia Island. I...
In a debt based monetary system, sovereign debt is not supposed to be paid off "in full." Debt = money. Paying off debts destroys money....
You misunderstood my point. Look I agree with you - it's crony capitalism. I do not support what has been happening so far. My argument is...
You want capitalism? Liquidate the Fed's balance sheet of 1.5 Trillion of crap loans and raise rates above inflation. Mark to market -...
Do you have any idea of the size of an ostrich omelet? It can feed a family of four! In the post armageddon collapse, my ostrich will be the...
Right back at ya MG! [img] Reality sucks... I know. Cheers and good luck.
We're stuck. The elites wanted greater profits through lower wages... but they don't want real estate to crash along with salaries. Why?...
Do you really think this crisis is one of political parties? It's a monetary system crisis. The Banks are only taking advantage of it. It's...
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