Comments on: How Mainstream Economists Harm Your Wealth

By: Michael Dunlea

Michael Dunlea — Thu, 05 Nov 2009 05:23:21 +0000

But Kris..re world depressions and Central Bankers…wasn’t Mr Bernanke touted as the leading specialist on the Great Depression…so we were told.

By: etch

etch — Mon, 02 Nov 2009 01:30:38 +0000

cb – your above post couldnt be put better in words thankx

By: cb

cb — Sun, 01 Nov 2009 13:48:05 +0000

Thanks, etch. Yes, you are right. The demolition job probably only just started, with hundreds of trillions of dollars worth of derivative bets planted to be selectively blown up as, and when, needed. It is the age of financial te!ro!ism, and nobody who is not an insider, can be presumed to be safe. With the many twists and turns between inflation, deflation, blowups and bailouts, it is hard enough to know which way is up, let alone being able to maintain a steady sense of direction with one’s finances.

By: etch

etch — Sun, 01 Nov 2009 09:51:28 +0000

“”"”I fail to see how anyone can really understand all this and implement it in practice. It looks like a faith to me. What do you get out of it? “”"

cb- i think he has an interesting angle on the markets there that operate on the “moods” such as exuberance –1)the she’ll be right attitude to ,which happened 2002-07
2)pessimism & he reads the graphs “waves” & has an predicting insight as to where the next wave up or down turn will go .

prechter is a mega big bear ,& i dont think he would harping unless he knows somethings going to happen

i personally think the usa debacle is not finished by a long shot , way,way,way too much damage there
so i think somehow it may eventually effect here & still more world wide over ..
when ,how & why… i dont know ,,but he makes for interesting reading
& he deals with the respected Mauldin
the only reason australian economy is still standing is cos rudd ran like a shot bandi-coot & taxpayer funded the banks ,stimulused

By: cb

cb — Sun, 01 Nov 2009 05:17:02 +0000

PF, this brief report on what China is doing is quite recent.
http://www.uncommonwisdomdaily.com/psst-heres-what-china-is-buying-now-and-you-can-too-7289

By: cb

cb — Sat, 31 Oct 2009 14:56:51 +0000

PF – in an earlier post, you have asked about China’s numbers. Here is a link to Faber’s recent take on the Asia-Pacific region, including Australia and New Zealand. It might be of wider interest to the audience at this forum:
http://www.youtube.com/watch?v=o_-ZN7cN69k&feature=player_embedded

By: cb

cb — Sat, 31 Oct 2009 13:51:58 +0000

Etch, EW is an interesting theory, but note this: They got gold dead wrong. Apart from a relatively brief period where even gold was sold off at the very height of the crisis, gold has been hitting record highs against all currencies. EW theory seems to ask us to put our faith into and take our signals from some mysterious psychological cycles, or waves, of highs and lows, of optimism and pessimism, rythmically repeating and pulsating like the waves of the ocean, incessantly and knowable and calculable for decades in advance as to when the turns come from pessimism to optimism, and then from omptimism back to pessimism again. I fail to see how anyone can really understand all this and implement it in practice. It looks like a faith to me. What do you get out of it?

By: etch

etch — Sat, 31 Oct 2009 11:34:13 +0000

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By: cb

cb — Sat, 31 Oct 2009 00:58:04 +0000

I don’t know what we need, GB, honestly. The whole thing is messier than a dog’s breakfast. Where do you even start?
Sound money would be nice to have, or at least unadulterated statistics, not to mention the shameless thievery that goes on through a policy of inflation. As things are, the system forces everyone to speculate and take risks just so that we give ourselves a chance to be standing still. Whoever dreamed it up and sustains it, clearly has not done so with the bests interests of the people in mind.

By: GB

GB — Fri, 30 Oct 2009 23:33:44 +0000

maybe australia needs more competition in the banking industry that 4 banks doesn’t provide