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  #1  
Old 02-14-2012, 01:12 PM
Franc Tireur Franc Tireur is offline
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Overdose the Next Financial Crisis

[YT]4JXTlzBED2A[/YT]

Do you think the economy crisis is over?
 
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  #2  
Old 02-16-2012, 06:26 AM
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Not by a long shot.
The problems have not been addressed. They've only been papered over and swept under the rug for another day.
And even then, the day they've been delayed until isn't very far off.

You can't solve a debt crisis with printing money. That only creates more debt, thereby adding to the crisis.
Things only appear to be better right now because of the money being printed and the debt celing being raised, giving the appearance that everything is all right. But those actions have future consequences and because of the proportions of debt to GDP we find ourselves in, the amount of time we can delay things for is decreasing with each new round of money printing.

We are stuck between a rock and a hard place and both are closing in on us.

If you want to see what the future has in store for North America, keep your eyes on Greece.
 
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Old 02-16-2012, 08:21 AM
Franc Tireur Franc Tireur is offline
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Very true Zap.

IMO this economic crisis is even more destructive than the 1929 crisis and the amount of printed money injected in the system are phenomenal.
 
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Old 02-16-2012, 08:31 AM
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Quote:
Originally Posted by Natural Elements View Post
Very true Zap.

IMO this economic crisis is even more destructive than the 1929 crisis and the amount of printed money injected in the system are phenomenal.
That is going to make the inevitable crash much worse than the one in 1929.
People don't believe it because things look good right now.
Things looked pretty rosy just before 1929 too.
 
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  #5  
Old 02-16-2012, 08:58 AM
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Quote:
Originally Posted by Zap View Post
We are stuck between a rock and a hard place and both are closing in on us.
I believe there is someone here who disagrees with you:

Quote:
Originally Posted by Zap View Post
People don't believe it because things look good right now.
If things look good, your description is exaggerated. Although I agree there are numerous problems, you seem to overlook the fact the second part of quantitative easing will involve withdrawal of the same money from the system. The biggest problem is actually timing of that action. When is recovery strong enough to go on its own and will the politicians have the courage to do so? I wouldn't bet on that.
 
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Old 02-16-2012, 10:37 AM
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Originally Posted by Zap View Post
And even then, the day they've been delayed until isn't very far off.
The video above is a farce - as there presently is a recovery post curtailment to the 07-09 Great Recession (US) that prevented a new World Wide Depression from occurring. A 2 minute evaluation of the Video - being 100 seconds to long.

Europa is the example of reintrenching recessionary cyclical downturns caused by inadequate monitory policies - - > Stimulus Spending.

The bubble for this cycle will be the Apex of interest rates, whatever that rate may be in the "Distant" future per the continued monitoring of the economy by the Fed. Reserve ... and a successful reelection of the present Administration.

The new kid on the block "Trillion" for the good of American Capitalism has made its successful debut and will be the bedrock for the top-tier economies in the future of world economics.

Last edited by Breeze Wood; 02-16-2012 at 10:41 AM.
 
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Old 02-16-2012, 10:42 AM
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Originally Posted by kju385 View Post
If things look good, your description is exaggerated.
I disagree with this statement.
A person who is dying of brain cancer can look perfectly normal and healthy.
Just because the situation LOOKS good, doesn't mean that it IS good.

Quote:
Originally Posted by kju385 View Post
Although I agree there are numerous problems, you seem to overlook the fact the second part of quantitative easing will involve withdrawal of the same money from the system.
To where? Money only leaves the system when debt is paid off. Money = Debt
Otherwise, it simple transfers from one hand to another.

Since all currency is borrowed into existence, there are only 2 possible outcomes of the road we're travelling...

1. Default.
2. Continue to print until the currency is worthless.

Option #2 is more hidden and less apparent to the public so that is the option our politicians have chosen, hoping that they can kick the can far enough down the road that someone else will have to deal with it.
 
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Old 02-16-2012, 11:01 AM
Franc Tireur Franc Tireur is offline
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Originally Posted by kju385 View Post
When is recovery strong enough to go on its own and will the politicians have the courage to do so? I wouldn't bet on that.
The politicians have the courage with the money from others, they love to spend, it doesn't matter what lol What a courage!!!

Look what's happening in Europe, they raise taxes and VAT on all people to help other countries who do not have a clear economic plan, that will be another round of waste of money.

Let's not forget how these countries were first in this mess: Who spent the money, and how they spent it. Most of the time these spending are benefiting the banks and their crownies.
 
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  #9  
Old 02-16-2012, 08:11 PM
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Jim Gillum Jim Gillum is offline
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There do not seem to be any visible recoveries here in Florida......

Small businesses are still closed ...construction in central Florida is minimal at best.....
People are out of work.....

Some recovery.......food prices continue to climb.....and gasoline.....right....
 
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  #10  
Old 02-17-2012, 11:31 AM
Franc Tireur Franc Tireur is offline
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This morning I read this:

Greek Default Exclusive: Senior US Bankers given explicit timetable for Athens default
http://hat4uk.wordpress.com/2012/02/...thens-default/

IMO, It seems like they are going to freeze all bank accounts to avoid capital evasion. It doesn't look good in the Euro zone, because some other countries are going to follow Greece.
 
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  #11  
Old 02-18-2012, 03:35 PM
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Quote:
Originally Posted by Zap View Post
I disagree with this statement.
A person who is dying of brain cancer can look perfectly normal and healthy.
Just because the situation LOOKS good, doesn't mean that it IS good.
Hard example, but good point. Not sure if it's true for the economy, at least for now. Still, I just wanted to point out the very nature of quantitative easing which was to prevent credit crunch and protectionism which happened during the Great Depression.

Quote:
Originally Posted by Zap View Post
1. Default.
2. Continue to print until the currency is worthless.

Option #2 is more hidden and less apparent to the public so that is the option our politicians have chosen, hoping that they can kick the can far enough down the road that someone else will have to deal with it.
Yes, these are all possible economic outcomes. There is a third political solution, an bilateral or multilateral agreement on the public debt with creditors. Neither Europe nor China wants to see America default, and it is same the other way round. The economies are too linked, so there is or at least there will be clearly room for negotiation. If all else fails, naturally
 
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  #12  
Old 02-18-2012, 03:43 PM
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Quote:
Originally Posted by Natural Elements View Post
The politicians have the courage with the money from others, they love to spend, it doesn't matter what lol What a courage!!!

Look what's happening in Europe, they raise taxes and VAT on all people to help other countries who do not have a clear economic plan, that will be another round of waste of money.

Let's not forget how these countries were first in this mess: Who spent the money, and how they spent it. Most of the time these spending are benefiting the banks and their crownies.
Hey! My quote wasn't in the defence of politicians, it was more a hopeful general statement

Much of what you're saying is true, but whose money have the reckless countries spent? Of those good standing european economies (such as Germany) which will be in the same mess if they let too many dominos to fall. Naturally that Angela Merkel doesn't want to let Greece default. If I remember correctly, the majority of the Greek debt is held by German banks. Who will lose then? Everyone. It's much easier to prolong the crisis and solve the problems as they come over a greater period of time.
 
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  #13  
Old 02-18-2012, 04:49 PM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by kju385 View Post
Hey! My quote wasn't in the defence of politicians, it was more a hopeful general statement


Have you ever heard the expression: Odious debt, you know when the top elite divest a country, the debt could be cancelled. I guess, the Greeks may ask their debt cancelled
 
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  #14  
Old 02-18-2012, 05:59 PM
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Haven't really heard that expression before, but I believe the Greek people on the streets are demanding something similar. You may have unintentionally gave them the legal means for their efforts and protests
 
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