Comments on: An Even Greater Depression http://dailyreckoning.com/an-even-greater-depression/ Covering the economy, global markets and world politics. Sun, 22 Nov 2009 06:01:02 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: ralph http://dailyreckoning.com/an-even-greater-depression/#comment-8133 ralph Thu, 14 May 2009 23:18:19 +0000 http://dailyreckoning.com/?p=15326#comment-8133 Bill easy to say but how can one convert $1.6 mill into gold or silver eg what and where are their any safe investment given the market manipulators are everywhere so who do you trust? please some real advice about where to stash your cash? Bill easy to say but how can one convert $1.6 mill into gold or silver eg what and where are their any safe investment given the market manipulators are everywhere so who do you trust? please some real advice about where to stash your cash?

]]> By: Paul Hamilton http://dailyreckoning.com/an-even-greater-depression/#comment-8125 Paul Hamilton Thu, 14 May 2009 22:01:48 +0000 http://dailyreckoning.com/?p=15326#comment-8125 Melting ice caps!! I believe the latest testing completed just about two weeks ago show a mistake was made and the ice is considerably thicker that first thought; somewhat like the heads of those in charge who tell us they really do have THE ANSWER. That being true, I have some wonderful ocean front property just out of Vegas that they would love. Melting ice caps!! I believe the latest testing completed just about two weeks ago show a mistake was made and the ice is considerably thicker that first thought; somewhat like the heads of those in charge who tell us they really do have THE ANSWER. That being true, I have some wonderful ocean front property just out of Vegas that they would love.

]]> By: Dirk W. Sabin http://dailyreckoning.com/an-even-greater-depression/#comment-7177 Dirk W. Sabin Mon, 04 May 2009 15:26:06 +0000 http://dailyreckoning.com/?p=15326#comment-7177 Welcome to Bunkologic and that gleaming Casino City State on the Potomac , Washington D.C.. It has recently announced the largest Federal construction project since the Pentagon in the form of a renovation of a ...I kid you not... Mental Hospital, for the Dept. of Homeland Security. Anyone who continues to claim this government will do much of anything fruitfully, should simply punch themselves in the nose twice, real hard so as to soften the reckoning to come when the Federal Cosa Nostra is revealed for what it is......a not-so-organized Criminal syndicate with a bullhorn instead of Omerta. Welcome to Bunkologic and that gleaming Casino City State on the Potomac , Washington D.C.. It has recently announced the largest Federal construction project since the Pentagon in the form of a renovation of a …I kid you not… Mental Hospital, for the Dept. of Homeland Security. Anyone who continues to claim this government will do much of anything fruitfully, should simply punch themselves in the nose twice, real hard so as to soften the reckoning to come when the Federal Cosa Nostra is revealed for what it is……a not-so-organized Criminal syndicate with a bullhorn instead of Omerta.

]]> By: ralph http://dailyreckoning.com/an-even-greater-depression/#comment-7148 ralph Mon, 04 May 2009 01:13:41 +0000 http://dailyreckoning.com/?p=15326#comment-7148 Bill from what I can tell govts are as bogus as their currency and the idea that they ever PAY anything back to anyone is a delusion. All the govts that are inflating their currencies will simply do what Mr Gono is doing ... knock a few zero's off the currencies and thus simply pretend their money is now worth more against the imaginary TWI or basket of currencies. What joke when in real terms we all know that central banks already transact most of their exchanges in precious metals or other equivalent goods eg Aussie buying Yank jets for exchange rate transactions eg NO dollars actually changed hands simple negative entries on the govts consolidated revenue line offset by treasury manipulations. Yes all learned from over 30years working for treasury. Their is no justice or fairness either in general or particularly in financial life. So goes the world down its perpetual growth path driven by idiots who never had any interest in anything but their own greed and power. so what is the real solution please? Bill from what I can tell govts are as bogus as their currency and the idea that they ever PAY anything back to anyone is a delusion. All the govts that are inflating their currencies will simply do what Mr Gono is doing … knock a few zero’s off the currencies and thus simply pretend their money is now worth more against the imaginary TWI or basket of currencies. What joke when in real terms we all know that central banks already transact most of their exchanges in precious metals or other equivalent goods eg Aussie buying Yank jets for exchange rate transactions eg NO dollars actually changed hands simple negative entries on the govts consolidated revenue line offset by treasury manipulations. Yes all learned from over 30years working for treasury.
Their is no justice or fairness either in general or particularly in financial life.
So goes the world down its perpetual growth path driven by idiots who never had any interest in anything but their own greed and power.
so what is the real solution please?

]]> By: JMR bayou bobby http://dailyreckoning.com/an-even-greater-depression/#comment-7112 JMR bayou bobby Sun, 03 May 2009 15:22:43 +0000 http://dailyreckoning.com/?p=15326#comment-7112 blah writes: "The recession will run its course and 6 months to a year the economy will be expanding again at a 3 to 4% pace and you’ll be predicting doom for another 10 or 15 years..." This should be kept in a hermetically sealed mayonnaise jar, protected by armed Pinkerton's in a wall safe bounded by at least six inches of titanium. The combination and key should be kept by a well regarded (find one of those) CPA firm. said safe to be opened in the presence of witnesses selected at random from a telephone directory of your choice (preferably a small town in Iowa). Then play them back. Let's see what we shall see. blah writes: “The recession will run its course and 6 months to a year the economy will be expanding again at a 3 to 4% pace and you’ll be predicting doom for another 10 or 15 years…”

This should be kept in a hermetically sealed mayonnaise jar, protected by armed Pinkerton’s in a wall safe bounded by at least six inches of titanium. The combination and key should be kept by a well regarded (find one of those) CPA firm. said safe to be opened in the presence of witnesses selected at random from a telephone directory of your choice (preferably a small town in Iowa).

Then play them back. Let’s see what we shall see.

]]> By: Bloomer http://dailyreckoning.com/an-even-greater-depression/#comment-7079 Bloomer Sun, 03 May 2009 04:45:23 +0000 http://dailyreckoning.com/?p=15326#comment-7079 I am in no way going to defend government policy of running huge deficits and mortgaging the future of generations to come. But what kind of morons hands out loans to the tune of billions if not trillions of dollars, to people who have little if not any, ability to pay the loans back. Corporations lobbied hard for deregulation, they got what they wished for. If the previous reader thinks this is just your garden variety recession that will soon blow over, then I am sure that he can find some toxic debt, that the banks would love to sell him. I am in no way going to defend government policy of running huge deficits and mortgaging the future of generations to come. But what kind of morons hands out loans to the tune of billions if not trillions of dollars, to people who have little if not any, ability to pay the loans back. Corporations lobbied hard for deregulation, they got what they wished for. If the previous reader thinks this is just your garden variety recession that will soon blow over, then I am sure that he can find some toxic debt, that the banks would love to sell him.

]]> By: Blah-poop http://dailyreckoning.com/an-even-greater-depression/#comment-7024 Blah-poop Sat, 02 May 2009 12:42:50 +0000 http://dailyreckoning.com/?p=15326#comment-7024 Humbug to all of you. National debt (of any form from a dollarette bill to a T-bill to a T-bond) will be paid back - eventually - by the universal tax of inflation and destruction of the very money the Fed's peddle. That's what the poor general public never realizes until the currency is destroyed and we live in our own Zimbawbe (or Berlin in 1923, or any other place that prints fiat money with insufficient production to honestly tax to pay for it). It's just that inflation starts ever so tippy toes quietly and slowly that no one really cares if bread cost a few cents more today than 6 months ago ---- until bread costs more today than it did yesterday and costs more tomorrow than it did today! Then the excrement hits the fan and the gold/silver bugs finally get to scream (like Mogambo!) "We were right all along! We're doomed!" Between federal stupidity and melting ice bergs, hell, maybe we are doomed... Humbug to all of you.

National debt (of any form from a dollarette bill to a T-bill to a T-bond) will be paid back – eventually – by the universal tax of inflation and destruction of the very money the Fed’s peddle.

That’s what the poor general public never realizes until the currency is destroyed and we live in our own Zimbawbe (or Berlin in 1923, or any other place that prints fiat money with insufficient production to honestly tax to pay for it).

It’s just that inflation starts ever so tippy toes quietly and slowly that no one really cares if bread cost a few cents more today than 6 months ago —- until bread costs more today than it did yesterday and costs more tomorrow than it did today!

Then the excrement hits the fan and the gold/silver bugs finally get to scream (like Mogambo!) “We were right all along! We’re doomed!”

Between federal stupidity and melting ice bergs, hell, maybe we are doomed…

]]> By: BWilliams http://dailyreckoning.com/an-even-greater-depression/#comment-7011 BWilliams Sat, 02 May 2009 02:51:50 +0000 http://dailyreckoning.com/?p=15326#comment-7011 "consuming wealth makes people wealthier" can't exist for long .. no, not for everyone but for those selling goods at the higher reaches of the pryamid ... well it makes some very wealthy. I guess simple greed is too simple an answer -- lets say self interest and a lovely sales pitch to the suckers.. If you have lost wealth in the last 2 years -- you were suckered and yes fruad should be punished but its now "too big to fail and too many to jail" that keeps the same fruadsters at the top. consider that the major banks (for one) have just completed a bloodless coup over the political USA. Who are they? the ones left standing and distributing the bailouts.... “consuming wealth makes people wealthier” can’t exist for long .. no, not for everyone but for those selling goods at the higher reaches of the pryamid … well it makes some very wealthy. I guess simple greed is too simple an answer — lets say self interest and a lovely sales pitch to the suckers..
If you have lost wealth in the last 2 years — you were suckered and yes fruad should be punished but its now “too big to fail and too many to jail” that keeps the same fruadsters at the top. consider that the major banks (for one) have just completed a bloodless coup over the political USA. Who are they? the ones left standing and distributing the bailouts….

]]> By: Peter Rogers http://dailyreckoning.com/an-even-greater-depression/#comment-6993 Peter Rogers Fri, 01 May 2009 21:07:31 +0000 http://dailyreckoning.com/?p=15326#comment-6993 Blah Blah Blah The problem we currently face is due to excess borrowing and spending by the UK government and public, the UK is heading towards oblivion with a 12% and rising GDP defecit, this is not a responsible way to deal with a ressesion / depression, I must admit I admire the Irish responce, they have made a comitment to return to fiscal responsibility and have made serious cuts to public expenditure to achive that, the UK and most other countries running huge defecits will have to reverse these sooner rather than later, to try and spend your way out of ressesion is like having your head in the sand, goverments with ideas like your own may think they are correct but im certain history will not show them in good light. Blah Blah Blah

The problem we currently face is due to excess borrowing and spending by the UK government and public, the UK is heading towards oblivion with a 12% and rising GDP defecit, this is not a responsible way to deal with a ressesion / depression, I must admit I admire the Irish responce, they have made a comitment to return to fiscal responsibility and have made serious cuts to public expenditure to achive that, the UK and most other countries running huge defecits will have to reverse these sooner rather than later, to try and spend your way out of ressesion is like having your head in the sand, goverments with ideas like your own may think they are correct but im certain history will not show them in good light.

]]> By: Paulo http://dailyreckoning.com/an-even-greater-depression/#comment-6992 Paulo Fri, 01 May 2009 21:06:42 +0000 http://dailyreckoning.com/?p=15326#comment-6992 Blah is aptly named. Somehow the cheerleaders for nanny government always find their way to Economics internet boards. Coincidence? Blah is aptly named. Somehow the cheerleaders for nanny government always find their way to Economics internet boards. Coincidence?

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