Global Economic Time Bomb, may be prematurly Expolding.

[52ndStreet]

I warned of a Global Economic time bomb exploding, at some point in the not to distant future. The addiction to credit, and many new untested financial derivatives, and America's debt, were providing the explosives for this Global
economic device. An overvalued Euro, currency, and to many players on the Global economic playing field , can upset the Economic ball game.

What we are currently experiencing, is not the real Economic Time Bomb explosion. This is kind of a false alarm, or preview if you will allow the term.

America, and former Federal Reserve cheif Allan Greenspan, can take much of the responsibility for what is happening to the global economic financial system.

As I said, this is only a preview.Please remain claim.

 

[Diuretic]

I'm going to grow vegetables in my back garden. And anyone who's seen my back garden will know I'm a bit worried if I go to those extremes.

 

[DavidS]

I warned of a Global Economic time bomb exploding, at some point in the not to distant future. The addiction to credit, and many new untested financial derivatives, and America's debt, were providing the explosives for this Global
economic device. An overvalued Euro, currency, and to many players on the Global economic playing field , can upset the Economic ball game.

What we are currently experiencing, is not the real Economic Time Bomb explosion. This is kind of a false alarm, or preview if you will allow the term.

America, and former Federal Reserve cheif Allan Greenspan, can take much of the responsibility for what is happening to the global economic financial system.

As I said, this is only a preview.Please remain claim.

The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?

 

[rayboyusmc]

I only plant things that grow food anyway. Have nice 80lb stalk of bananas that I can sell on the global market.

WASHINGTON/ COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

At a joint news conference, French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had "prepared a certain number of decisions" to present at a Sunday meeting of European leaders as they work feverishly to restore blocked credit markets to working order.

IMF warns of financial meltdown - Yahoo! News

 

[rayboyusmc]

I never thought Greenspan was awake most of the time anyway.

 

[dilloduck]

I'm going to grow vegetables in my back garden. And anyone who's seen my back garden will know I'm a bit worried if I go to those extremes.

"Will Weed For Veggies"

 

[LordBrownTrout]

I only plant things that grow food anyway. Have nice 80lb stalk of bananas that I can sell on the global market.



IMF warns of financial meltdown - Yahoo! News

Do you really grow bananas, ray? If so, that's pretty cool.

 

[Diuretic]

"Will Weed For Veggies"

It's a deal!

 

[Richard-H]

The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?

It certainly does seems far-fetched that a tiny percent of the total mortgages, which are a tiny percent of the total world's assets, could cause the world's economy to crash.

I suspect that somebody is at war with us and since they can't win militarily they're undermining us economically. If it were the good old days I'd say it was the commies, but nowadays they have too much invested in our economy.

My best guess is that it's somebody associated with Al Queda, like the Saudis) and that Bush doesn't want to admit that while he's been distracted in Iraq, they've been stealing the farm from under our noses.

 

[xsited1]

It's the New World Order conspiracy coming true. George W. Bush has played his role well for the United States. Now it's time for Barack Obama to take over and complete the task.

 

[Richard-H]

It's the New World Order conspiracy coming true. George W. Bush has played his role well for the United States. Now it's time for Barack Obama to take over and complete the task.

Why would GWB support the destruction of the world's economy for the sake of a New World Order? He's top dog in the existing World Order and Obama's about to become top dog in the existing world order.

If there's anybody trying to impose a New World Order it's the people that are a bit further down the ladder in the current world order.

 

[xsited1]

Why would GWB support the destruction of the world's economy for the sake of a New World Order? He's top dog in the existing World Order and Obama's about to become top dog in the existing world order.

If there's anybody trying to impose a New World Order it's the people that are a bit further down the ladder in the current world order.

GWB and Obama are globalists. They will do what they feel is best for the world, not the United States.

 

[Richard-H]

GWB and Obama are globalists. They will do what they feel is best for the world, not the United States.

So you think that the destruction of the world's economy would be good for the rest of the world but bad for the United States only?

Seems kind of silly and paranoid.

If there are any intentions towards globalization, by Bush or Obama, I'd tend to think that it was a global order modeled on the U.S. and that had the U.S. at the top.

At this point what's good for the U.S. is good for the whole world and visa versa.

 

[editec]

The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?

FUNDMENTALS.

The consumers are tapped out here in America and I would NOT doubt in the rest of the world, too.

The obscene imbalance between the worker/consumer class, and the capital investor class are just too wierd to be sustainable.

I keep saying the same thing over and over again, I know, but it bears repeating.

Too much capital chasing too few profits will continue to cause bubbles in the invetment community.

If it's not too much money avoiding the market buying dubious bonds, it's too much money chasing profits in the stock market that won't be there because why?

BECAUSE SO MANY TAX AND INVESTMENT AND TRADE ADVANTAGES HAVE GONE TO THE CAPTAL CLASS AT THE EXPENSE OF THE WORKING/CONSUMING CLASS, that's why.

Sooner or later you neo-cons supporters are going to figure this out.

The working class didn't put themselves in debt buying too many DVDs, they put themselves in debt just trying to pay off the structured debts they got into when the economy wasn't entirely structured to screw them.

 

[52ndStreet]

FUNDMENTALS.

The consumers are tapped out here in America and I would NOT doubt in the rest of the world, too.

The obscene imbalance between the worker/consumer class, and the capital investor class are just too wierd to be sustainable.

I keep saying the same thing over and over again, I know, but it bears repeating.

Too much capital chasing too few profits will continue to cause bubbles in the invetment community.

If it's not too much money avoiding the market buying dubious bonds, it's too much money chasing profits in the stock market that won't be there because why?

BECAUSE SO MANY TAX AND INVESTMENT AND TRADE ADVANTAGES HAVE GONE TO THE CAPTAL CLASS AT THE EXPENSE OF THE WORKING/CONSUMING CLASS, that's why.

Sooner or later you neo-cons supporters are going to figure this out.

The working class didn't put themselves in debt buying too many DVDs, they put themselves in debt just trying to pay off the structured debts they got into when the economy wasn't entirely structured to screw them.

I would not just single out "neo cons" in this Global Economic Time Bomb,situation, the Democratic Tax and spend philosophy, has bankrupted the American economy many times in the past. I did in fact hear a report
that all this current market turbulence, can be attributed to anxeity at the prospect of America electing a Democratic Tax and spend President, named Barack Obama.

 

[Charlotte Stant]

Look here, I am a liberal democrat from the Bay Area, but we did not get 11 Trillion in national debt on our hands without bipartisan participation.

Ultimately I have to agree with the diagnosis above - the moneyed people got too greedy, the industrial structure in this country shifted too many jobs overseas, and you have the rest. True, rather than waking up to the clarion call and pushing back at the political system to get them a better deal, the American middle-class and working class partook of the profligacy and the greed. We took out more debt than we could afford. So the voters are also to blame. There is enough to go around.

Of course the subprime problem did not cause the system to collapse - it's fractional lending. All these investment banks took out way too much debt and made too many bets, levels on levels of them, without much money at the bottom of it. The money has either been sucked out as salaries, commissions and bonuses for financial sector workers, or spent by stockholders and homeowners as they drew money from their biggest debt - their house. (Yes, it looks crazy in hindsight...) That money is gone. The banks gave away good money on something that someone owed lots of money on. Our banking system is INSOLVENT. It's broke. Out of money. Nada.

Please wake up people. There is no conspiracy here - it would be a lot simpler if there is. Our republic has degenerated. We have to take it back.

 

[foggedinn]

The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?

I agree the the sub-prime mess couldn't be causing all the problems that we are experiencing. It is only the scapegoat.

My personnal favorite culprit for the cause of this mess is fighting a multi-year, multi-trillion dollar war on a credit card.

There were some serious miscalculations on the part of the architects of this war. I believe it was Paul Wolfowitz who made the estimate that this war would last six months, cost fifty billion dollars, and be paid for with Iraqi oil.

For reasons of my faith, I believe that we have been caught in a God-made snare since the day the war started. By putting our faith in our military and our money, our pride and our arrogance has caused us to stumble.

 

[eots]

The sub-prime mortgage crisis can't be blamed for all of this... what else is going on that's causing this crisis?

a elite group..meeting in secret at the biderburg confrence planning the economic collapase to advance the cause of global socialism a one world bank and economic system ..government under martial law ...a new world order

 

[editec]

It's the New World Order conspiracy coming true. George W. Bush has played his role well for the United States. Now it's time for Barack Obama to take over and complete the task.

You're not so clueless as I previously thought, Xsited.

Have you reached the stage where you ponder if perhaps the plan isn't to foster an economic disaster so vast that it kills off a huge percentage of the world's population?

Has it occurred to you that perhaps the master class have decided that it's either that, or the whole human species goes extinct, yet?

This parnoic delusion does give a whole new meaning to the concept of lifeboat earth does it not?

That's the nefarious plan that editec's paranoic half thinks the world's master class is really working toward.

Given that three billion people worldwide live on less than $2 a day, one can easily see how easy it might be to pull that crime against humanity off, eh?

That also explains why Bush II might have puchased that 64 square mile ranchero in Uruguay a few months ago, too, eh?

 

[Zoomie1980]

GWB and Obama are globalists. They will do what they feel is best for the world, not the United States.

The United States IS the global economy, or the biggest part of it. We make up only 5% of the world's population but are responsible for 25-30% of it's consumption. When we get an upset stomach the whole world gets indigestion.

I'm a devout globalist myself, but the welfare of the entire planet depends on a strong, robust, vibrant, growing American consumer based economy. We are the only people on the planet who possess consumerism as a core component of our culture.