I know, I saw the chart. I guess that the 100% came from something Bear posted? Anyway, I'm bored and must go bathe now.
Smell ya! :lol:
I used to be a rubber ducky. Have you ever had a duck scrub your back?:smile:
I know, I saw the chart. I guess that the 100% came from something Bear posted? Anyway, I'm bored and must go bathe now.
Smell ya! :lol:
Love to see proof of that. ;-)Hey. I'm not the one who is boasting of my achievements seeking approval from who knows who in regards to my culture or background who are apparently "lazy scum" as you put it.
No walls eh?
Yeah right.
Even in the 1930's, i don't think the world was in as potentially a catastrophic economic situation as now. At the core of the problem is the dis-assembly and atrophy of the physical capacity of our economy due to Free Trade. Our national economy lacks both the integrity and vitality to sustain our living standard.
The second element is the growth of debt. Debt on debt through credit agglomerates, such as mortgage derivatives, the Credit Swaps, which still has not been dealt with by the bailouts.
They likely amount to $20+ trillion of non performing assets, which haven't been written down as yet. And if the economy continues to deteriorate these could balloon 3 fold or more.
The market valuation of the entire economy is based on cooked books. When that becomes evident to the public, it's already known in the financial world, we could have an unprecedented further collapse of stock prices.
The third element is the monetary agglomerates, near moneys, currency derivatives have exploded, losing all rational relationship with the underlying productive economy. It only exists to facilitate the transfer of these goods and services, or should. It is now supported on a mountain of ephemeral paper, that produces nothing, and only has an arbitrary notional value.
If it does not represent or facilitate real production, we have the potential of going into hyperinflation when these start to deflate, since they represent a claim of many times the world's physical product.
We could be approaching 1 Quadrillion in outstanding Currency Derivatives, 20 times the world's real GDP. Theoretically these represent offsetting claims, but in reality they cannot be wound down in an orderly fashion in a crisis. All are all interlinked with the debt bubble.
Ninety five percent of this or more is related to pure currency speculation, holding entire nations hostage through exchange rate manipulation, impoverishing them and subjecting them to austerity dictates at will. This does not support trade of real goods and services. It is just a big rigged casino.
Without a rational re-organization of the economy, rebuilding of our manufacturing infrastructure, national trusteeship in bankruptcy of the Finance Sector, any of these could wash away the world financial system in blink of an eye.
We are likely to see a series of shocks over the coming months, perhaps a horizon of a couple of years or so, if we have that.. before we are in the grips of a cascading collapse.
Now maybe you can tackle the wall of Berlin.petros, watch closely as I do something foreign to you and others of your ilk.
I concede, I do in fact have walls. Some created by myself, while some were placed there by others.
As was noted by an unwitting ally of yours, I have done my best to tear down those walls, or find a way around them.
But I would still love to see some proof of the rest of your blathering assertions.
Even in the 1930's, i don't think the world was in as potentially a catastrophic economic situation as now. At the core of the problem is the dis-assembly and atrophy of the physical capacity of our economy due to Free Trade. Our national economy lacks both the integrity and vitality to sustain our living standard.
The second element is the growth of debt. Debt on debt through credit agglomerates, such as mortgage derivatives, the Credit Swaps, which still has not been dealt with by the bailouts.
They likely amount to $20+ trillion of non performing assets, which haven't been written down as yet. And if the economy continues to deteriorate these could balloon 3 fold or more.
The market valuation of the entire economy is based on cooked books. When that becomes evident to the public, it's already known in the financial world, we could have an unprecedented further collapse of stock prices.
The third element is the monetary agglomerates, near moneys, currency derivatives have exploded, losing all rational relationship with the underlying productive economy. It only exists to facilitate the transfer of these goods and services, or should. It is now supported on a mountain of ephemeral paper, that produces nothing, and only has an arbitrary notional value.
If it does not represent or facilitate real production, we have the potential of going into hyperinflation when these start to deflate, since they represent a claim of many times the world's physical product.
We could be approaching 1 Quadrillion in outstanding Currency Derivatives, 20 times the world's real GDP. Theoretically these represent offsetting claims, but in reality they cannot be wound down in an orderly fashion in a crisis. All are all interlinked with the debt bubble.
Ninety five percent of this or more is related to pure currency speculation, holding entire nations hostage through exchange rate manipulation, impoverishing them and subjecting them to austerity dictates at will. This does not support trade of real goods and services. It is just a big rigged casino.
Without a rational re-organization of the economy, rebuilding of our manufacturing infrastructure, national trusteeship in bankruptcy of the Finance Sector, any of these could wash away the world financial system in blink of an eye.
We are likely to see a series of shocks over the coming months, perhaps a horizon of a couple of years or so, if we have that.. before we are in the grips of a cascading collapse.
:lol:Not hard when I have to do nothing. I'm not the one distancing myself from my culture by proclaiming to have worked hard for what I have unlike the "stereotype" others.
:lol:...Oh if you only knew!!!Hell you even had to start another thread about how yourself to seek approval.
No, but I should win an award for 'troll' of the year. If you only knew. :lol:Do you really lack that much confidence or do you want a medal for doing what everyone else on the planet does to survive?
I'm not even sure you have the skill to merit the title 'boy scout', let alone a 'master'.Are you sure I'm white and can grant such approval or awards of merit like a boy scout master?
You do that superman.I'll remember the "Kool-Aid" crack next time they need a kid flown out of the bush.
Ya that must be it.One less for you to worry about huh?
No you're not.Sorry to have kept you waiting all day.....
That's not true at all. I require conherent and intelligent people to converse with. petros fails to meet the lowest standard.Is it just me, or has this last page here gotten harder to follow? In a perfect
World, the two of you could shake hands, sit down together over a beer or
a cup of coffee, and carry on...
Even more difficult to do with someone as myopic and obtuse, as petros.Difficult to do online when you're sitting 2500km's apart.
Ya, I can see how you might think of yourself as rapid, or short and severe. I do.I thought I was being acute.
What you drop is best meant to serve as fertilizer. Nothing else.Next time you think I drop a seed don't pick it up, plant it, nuture it and to expect to harvest grapes.
Seeing as your post...I was just following your lead and apparently wasted your day. Enjoy the Kool-Aid.
When they cut off your tail they ruined a perfectly good monkey.