Entering the Greatest Depression in History

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
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Ontario
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.
Love to see proof of that. ;-)
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
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.

I agree with you because I've read so much that echos your thoughts on the subject. The collapse is described most often as unavoidable and most often the appaling corruption throughout is given as the governing factor both getting here and ensuring there is no chance of corrective action. I was reading somewhere a while ago that war would result sooner rather than later because of the contrived nature of the collapse and the other ME problem that seems to require relatively immediate resolution. Things need to be pushed along following a hidden schedual, I guess. I think it's going to be a very nasty decade.
 

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
63
Ontario
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.
 

petros

The Central Scrutinizer
Nov 21, 2008
116,116
13,859
113
Low Earth Orbit
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.

Hell you even had to start another thread about how yourself to seek approval.

Do you really lack that much confidence or do you want a medal for doing what everyone else on the planet does to survive?

Are you sure I'm white and can grant such approval or awards of merit like a boy scout master?
 

petros

The Central Scrutinizer
Nov 21, 2008
116,116
13,859
113
Low Earth Orbit
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.
Now maybe you can tackle the wall of Berlin.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
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.

I agree with you because I'v read the same in so many other places.
Hyperinflation Special Report

June 2nd, 2008
Printer Friendly (PDF) Version
What is this?
UPDATE — COMMENTARY
"How has the hyperinflation outlook changed since the Hyperinflation Special Report was published in April 2008?" Such is the most frequently asked question I receive these days.
The answer is that the outlook is little changed, since the following report outlines the basic issues and limited options for the U.S. government that were in play well before the current crises broke. The actions taken since by the federal government, U.S. Treasury and the Federal Reserve, in response to the still-deepening recession and ongoing systemic solvency woes, just exacerbated the long-range problems described in the report. The official actions likely have advanced the timing of the hyperinflation to the much nearer future, perhaps within the next year or two. Since September 2008, the Federal Reserve has been attempting to debase the U.S. dollar at an extraordinary pace, and such now is recognized widely among the major U.S. trading partners.
The current issues are discussed regularly and those analyses are available to subscribers in the Shadow Government Newsletter and related Flash Updates and Alerts. An updated Hyperinflation Special Report should be posted in the next several months.
Thank you for your interest.
Best wishes,
John Williams
Shadow Government Statistics - Home Page
June 2, 2009
HYPERINFLATION SPECIAL REPORT
Issue Number 41
April 8, 2008
__________
Inflationary Recession Is in Place
Banking Solvency Crisis Has Opened First Phase of Monetary Inflation
Hyperinflationary Depression Remains Likely As Early As 2010
__________

Overview
The U.S. economy is in an intensifying inflationary recession that eventually will evol
 

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
63
Ontario
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:

I don't distance myself from my culture. Unless you see sloth, waste, corruption, violence, alcohol and drug abuse as part of the Native culture, as you obviously do. I wear my clan symbol on my arm, literally, I espouse, promote, foster and defend my true culture. Not the criminal actions of some within my community.

Hell you even had to start another thread about how yourself to seek approval.
:lol:...Oh if you only knew!!!

Do you really lack that much confidence or do you want a medal for doing what everyone else on the planet does to survive?
No, but I should win an award for 'troll' of the year. If you only knew. :lol:

Are you sure I'm white and can grant such approval or awards of merit like a boy scout master?
I'm not even sure you have the skill to merit the title 'boy scout', let alone a 'master'.

As evidenced by your commentary on my recent thread topics. But hey, we were just wondering if we had you pegged wrong, and you truly were brighter then we gave you credit for. Again, I concede, I stand corrected, you are not.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
28,174
10,544
113
Regina, Saskatchewan
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...

Difficult to do online when you're sitting 2500km's apart.
 

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
63
Ontario
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...
That's not true at all. I require conherent and intelligent people to converse with. petros fails to meet the lowest standard.

Difficult to do online when you're sitting 2500km's apart.
Even more difficult to do with someone as myopic and obtuse, as petros.
 

petros

The Central Scrutinizer
Nov 21, 2008
116,116
13,859
113
Low Earth Orbit
I thought I was being acute. Next time you think I drop a seed don't pick it up, plant it, nuture it and to expect to harvest grapes. I was just following your lead and apparently wasted your day. Enjoy the Kool-Aid.
 

CDNBear

Custom Troll
Sep 24, 2006
43,839
207
63
Ontario
I thought I was being acute.
Ya, I can see how you might think of yourself as rapid, or short and severe. I do.

Next time you think I drop a seed don't pick it up, plant it, nuture it and to expect to harvest grapes.
What you drop is best meant to serve as fertilizer. Nothing else.

I was just following your lead and apparently wasted your day. Enjoy the Kool-Aid.
Seeing as your post...

When they cut off your tail they ruined a perfectly good monkey.

Was the first volley, suck it up buttercup. You put the dime in the jukebox.

BTW: I don't drink Kool-Aid. I like my coffee, even if it is decaf.