Why I think this will be worse than the Great Depression

I can't believe your creditors will keep buying your debt.Both Bill and Hillary made comments so they know it's on the cards.Everyone knows in their blood that modern mainstream economics is a religion not a science.It pays Governments to keep the populaton in the dark to grow Government and siphon off savings to themselves.What happens when the risk of exposure of the lie is less than the financial impact of the truth.China will cut you free.

 

Increasing the money supply is only one prong in what needs to be a multi-pronged approach to addressing this financial crisis.

As regards to moral hazard, the current situation is already beyond the point where moral hazard can be effectively addressed without throwing the baby out with the bathwater. It's like worrying about possible addiction to painkillers in the middle of an operation with the patient suffering excruciating pain. The issue should be kept in mind but it should not stand in the way of efforts to fight off the crisis. There are more pressing issues at stake.

 

yea?

and these people think life is meant to be lived without purpose...

for every creation there is an owner...

 

Can one sew the Fed goverment?
for lets say bad country wealth managment...for example?
or do they have "political emmunity"?
...they write the law u know!!

 

Doubt one can sue the Gummint for being incompetent...

You can, however, sue them.... with their permission, of course.

 

hehe
well they can not mess with things that are free from god

incase we do go into very bad times..here is how to handle it
gl

===============
Handbook 2009


Health:
1. Drink plenty of water.
2. Eat breakfast like a king, lunch like a prince and dinner like a beggar.
3. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants.
4. Live with the 3 E's -- Energy, Enthusiasm, and Empathy.
5. Make time to practice meditation, yoga, and prayer.
6. Play more games.
7. Read more books than you did in 2008.
8. Sit in silence for at least 10 minutes each day.
9. Sleep for 7 hours.
10. Take a 10-30 minutes walk every day. And while you walk, smile.

Personality:

11. Don't compare your life to others'. You have no idea what their journey is all about.
12. Don't have negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.
13. Don't over do. Keep your limits.
14. Don't take yourself so seriously. No one else does.
15. Don't waste your precious energy on gossip.
16. Dream more while you are awake.
17. Envy is a waste of time. You already have all you need.
18. Forget issues of the past. Don't remind your partner with his/ her mistakes of the past. That will ruin your present appiness.
19. Life is too short to waste time hating anyone. Don't hate others.
20.. Make peace with your past so it won't spoil the present.
21. No one is in charge of your happiness except you.
22. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.
23. Smile and laugh more.
24. You don't have to win every argument. Agree to disagree.

Society:

25. Call your family often.
26. Each day give something good to others.
27. Forgive everyone for everything.
28. Spend time with people over the age of 70 & under the age of 6.
29. Try to make at least three people smile each day.
30. What other people think of you is none of your business.
31. Your job won't take care of you when you are sick. Your friends will. Stay in touch.

Life:

32. Do the right thing!
33. Get rid of anything that isn't useful, beautiful or joyful.
34. GOD heals everything.
35. However good or bad a situation is, it will change.
36. No matter how you feel, get up, dress up and show up.
37. The best is yet to come.
38. When you awake alive in the morning, thank GOD for it.
39. Your Inner most is always happy. So, be happy.

 

60 trillion dollar did not evaporate. They merely exchange hands and nominal value. That's the true nature of "crisis"

You are right about the "stimulus" it wont get anywhere. That's why people like this thread.

Thank you.

 

Everything was kept artificially low.

Low interest rates, low currency value, high credit, massive deficit (war)

Now the market took enough and this are going back to equilibrium. A painful equilibrium.

 

I dont know what to say.
All central banks are doing what they do best, printing money. How fast they do this and how fast they economic fundamentals deteriorate will determine currency valuations. A little difficult to predict.

But I know this much, the massive trade deficit the US had for a decade are long gone. This was artificially done by credit and those years will never come back.

 

You are right but you forgot to free the banking industry from the FED