Tilted Forum Project Discussion Community - View Single Post - Bailout Fails. DOW Plunges 778 points. What do you think?

tisonlyi · 09-29-2008, 11:22 AM

If that bill passes, you'll end up with double digit 'official inflation' - AT LEAST - and a subset of banks that can bully the govt at any time they like. Financially unstable, over-leveraged to an insane degree and way, way, way too big to fail... but they will eventually, or keep the economy stagnating so long that... whatever. Japanification.

How people are standing by and applauding as huge banks are gobbling up the good and a part of the bad of other huge banks gone sour, while passing the buck to money supply and tax payers is beyond me.

Choices:

Weimar Republic (with US constitution Mk II) OR Great Depression II (Bigger, Harder, Shorter)

Both options mean the death of Empire.

Sorry.

DJ @ 8k by the end of the year. (that's putting it back on 20 yr trend and bleeding enormously considering inflation) FTSE 100 has lost 30% in 5 months.

So far, the printing presses are keeping the enormous wolf at the door only slowly tearing at the door. It won't stop it... You can't borrow or print your way out of debt.

[Opinions based on following Kevin Phillips, Krugman, Nouriel Roubini, Calculated Risk and Naked Capitalism fairly religiously over the past year or so, plus watching the explosion of debt in the UK and the rest of Europe with disbelief, following the insanity reigning in the US via t'interweb.]

EDIT:

This all makes me wonder if those Neo-Cons (and New Labour, Uk-sians) are, really, all incredibly deep cover socialists after all.

Viva Bush! Viva Blair!

Marx: Give capitalists enough rope and they'll hang themselves.

09-29-2008, 11:22 AM	#9 (permalink)
tisonlyi Nothing	If that bill passes, you'll end up with double digit 'official inflation' - AT LEAST - and a subset of banks that can bully the govt at any time they like. Financially unstable, over-leveraged to an insane degree and way, way, way too big to fail... but they will eventually, or keep the economy stagnating so long that... whatever. Japanification. How people are standing by and applauding as huge banks are gobbling up the good and a part of the bad of other huge banks gone sour, while passing the buck to money supply and tax payers is beyond me. Choices: Weimar Republic (with US constitution Mk II) OR Great Depression II (Bigger, Harder, Shorter) Both options mean the death of Empire. Sorry. DJ @ 8k by the end of the year. (that's putting it back on 20 yr trend and bleeding enormously considering inflation) FTSE 100 has lost 30% in 5 months. So far, the printing presses are keeping the enormous wolf at the door only slowly tearing at the door. It won't stop it... You can't borrow or print your way out of debt. [Opinions based on following Kevin Phillips, Krugman, Nouriel Roubini, Calculated Risk and Naked Capitalism fairly religiously over the past year or so, plus watching the explosion of debt in the UK and the rest of Europe with disbelief, following the insanity reigning in the US via t'interweb.] EDIT: This all makes me wonder if those Neo-Cons (and New Labour, Uk-sians) are, really, all incredibly deep cover socialists after all. Viva Bush! Viva Blair! Marx: Give capitalists enough rope and they'll hang themselves. __________________ "I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}-- Last edited by tisonlyi; 09-29-2008 at 11:52 AM..