Comments on: FOMC Discusses Excessive Risk Taking

By: etch

etch — Fri, 27 Nov 2009 00:18:16 +0000

http://www.elliottwave.com/freeupdates/archives/2009/11/09/Video-Prechter-on-CNBC-2008-Was-a-Warm-Up.aspx?code=cg

By: cb

cb — Thu, 26 Nov 2009 04:18:45 +0000

But, as to what actually will happen and how things will play out, it will all be determined by the interests and decisions of the IBC. Hardly anything of importance moves anymore, it seems, without their endorsement.

By: cb

cb — Thu, 26 Nov 2009 04:15:18 +0000

Not to mention, of course, the transfer of American knowledge and technology, along with entire factories with machinery to these countries. But don’t worry, it is nothing a good war is not going to sort out. So, China will need to watch its steps rather careful, as the US still has the big stick, even though its pockets might be empty.

By: cb

cb — Thu, 26 Nov 2009 04:12:27 +0000

GB – I will second that. The multinationals have a lot to answer for, I reckon. For making their obscene profits through the exporting of manufacturing and other industries’s jobs to CHINDIA, they have devastated the American heartland.

By: GB

GB — Thu, 26 Nov 2009 03:39:20 +0000

anybody the read the article from the former central banker in China. He claims that the Chinese economic model is unsustainable etc… then goes further to state that China should be compensated for losses on the USD!!!

a) they chose to buy USD so its their fault
and
b) how about the very simply fact that China would still be a backwater poverty stricken country if it wasn’t for the Americans!!!

“Yeah thanks America for pulling our country out of poverty because we couldn’t have done it without your consumers (literally)

Now about our money……”

By: cb

cb — Thu, 26 Nov 2009 02:31:59 +0000

PuntPal – I agree that the lack of information is the chief problem. With the mass media being captured and failing to inform and educate the people about what is being done to their interests, they have no chance of protecting their interests. Moreover, the mass media will overwhelm dissenting voices by bombarding the population with propaganda and misinformation and scare the people into inaction as their interests and prosperity is traded by the criminals for personal benefit. Given the way opposition to the ETS from the Liberal party has been de-fanged in full public view, without at the same time the public being informed about what really is going on, I am very pessimistic about our future. Instead of reporting it for the grave national crisis that the Liberal party’s plight now represents, the whole ETS question is being reduced to a media circus for popular entertainment. People will wake up and realise too late what this episode is really all about.

By: GB

GB — Thu, 26 Nov 2009 01:46:28 +0000

Kris,
I can understand why people are willing to go into government bonds. If people believe a crash is iminent then they pull out of stocks and commodities and return to cash.

But do you want to put your money in a bank or in the government ‘bank’? Who has the greatest potential to collapse – a bank or a government

I would choose the government bonds

By: PuntPal

PuntPal — Wed, 25 Nov 2009 22:27:04 +0000

There will be a revolt cb – the media have been able to keep all this rubbish away from people’s attention, but soon there will be plenty of us willing to shine light into the darkness

Its simply a lack of information and understand that is allowing the pollies get away with it all. There is a way to counter the media’s simplistic populism…simplistic populism (fight fire with fire).

So although this climate channge email scandal may be stirred up by the secptics for their own purposes, this is the exact kind of tactics that need to be used. I am tired of being rational and logical – people dont like rationality, they respond to analogies and bold value statements.

This is where we are heading – to a world where we try and out-dumb each other.

By: cb

cb — Wed, 25 Nov 2009 13:55:09 +0000

4. Oh, and I should not forget the Labour party, of course, who are going to force this obscenity on the people through lies and distortions, as well as sign a good chunk of our sovereignty away to the UN, with almost 1% of our GDP for good measure.
Does anyone feel like a serf, yet? No? Not yet? Don’t worry, it is coming.

By: cb

cb — Wed, 25 Nov 2009 13:50:18 +0000

Let me just summarise where we are at:
1. The RBA clearly not serving the interests of the nation. Ask any exporting business what the currency is doing to their business, and the RBA’s rate rises are clearly part of the reason, as it encourages hot money to come into the country through the carry trade. Well, it suits Wall Streeters, for starters, so that would be a good place to start looking for Glenn Stevens’s true allegience.
2. Babyface Krudd says nothing about the RBA’s rate rises, but instead puts his own foot on the borrowing accellerator even harder, which enables even more rate rises, which in turn will need more Krudd gas, which in turn will allow even more rate rises, which in turn will need even more borrowings to stimulate, and so on, until the nation is ruined through high interest rates and crippling debt.
Good job. Someone is bound to get a medal out of this.
3. The Liberal party, which had a clear agreement about opposing the ETS has now been hijacked and the ETS will be rammed through, damned be the consequences to the party and the nation. This means a massive tax, higher energy prices all round, and that flows into EVERYTHING: food, transport, consumer goods, manufacturing, you name it. And it will also be the last nail in the coffin for a lot of manufacturing businesses as well, who will either go broke, or take the jobs to China. There will have to be another medal for someone in this, too.