COMMENTS
The bond market insurers MBIA and AMBAC have had their credit
ratings of triple A lowered by conscientious experts that would lose their jobs
if they failed to tell the truth.
The "rules" call for these bond insurers to sell their
companies to another party that is 100% financially solvent and at the same
time fully cover what they have insured. They can't and don't want to do
this. They are some of Americas
richest and want a bail out.
Norm
New
Posted, Thursday, January 26, 2008, 21:32 pm
To quote a song I really like: "When the stock market crashes
we all take a hit; But to our benefit, cause it's all counterfit..."
We have an unbelievably corrupt system that is crumbling from the
inside out at the moment. But this must occur in order for the Western (G-7)
nations to come to their senses and realize that governments being blindly led
by the almighty "market forces" leads to chaos and injustice.
Hence the fact that 30,000 children die every day in hunger and
extreme poverty while the US and other countries flood their own farmers with
excess subsidies that then cheat out local economies in poorer countries. We are taking more interest in loans
from poorer countries than we give back in official development
assistance! This is a crime.
What we need is a new direction, a new framework that sees the
economy as being controlled by us, not us being controlled by the economy; that
maintains a sense of freedom and entrepreneurship but places environmental and
social concerns as top priorities; that encourages multi-laterlism in terms of
development and development aid; that promotes self-sovereignty among nations
and establishes a practical set of policies that ensure corruption and illegal
accumulation of power and wealth among elite groups is no longer allowed.
We need to save the starving millions dying in poverty in this
world of plenty! I think there are
serious solutions underway, and great ideas being formulated. See the link below if you're
interested:
www.global-commons.org
New
Posted, Thursday, January 26, 2008, 09:34 am
This article is SCHOLARLY WRITTEN and well researched.
Real inflation is 14% as the CPI you quote is good to make a
comparison as you did. Real inflation is
more important to
understand the pressure that is upon the system. I predict that real inflation
will rise to 25-30% in the next year and a half. What we see before us is not
only the tip of the iceberg, but the effects will be felt harder and last
longer than any downturn, due to the fact that personal savings are negative
for Americans today. The numbers are also wrong, not in your report,which is a
well written document, but rather in the numbers being put out by the U.S.
Govt.
What it all indicates is that the U.S. Govt. was and is complicit
in trying to swindle the world with fraudulent instruments. This will make a
bigger impact than the instruments themselves, as it will lead to the world
devising a mechanism for global governance of international money markets, which will further impede any
future attempts to swindle the world, causing the American economy to buckle.
If they lied to the world about the value of the monetary instruments, what
else are they not telling us? Certainly, trust can no longer be placed around
the world, as all banks are in locked down mode and investors are nervous.
Once the rest of the losses are known, I believe that the American
Economy will be bankrupt. Which will bring the economy and the NWO along with
it down into a pile of poop.
Thanks for your great Report Sir
New
Posted, Thursday, January 24, 2008, 11:32 am
I will get your book, "The New American Empire."
Thanks for posting your work on the Internet.
You are a brilliant man, that is obvious
Have a great day.
New
Posted, Thursday, January 23, 2008, 14:59 pm
I have just read your article "Stagflation is here" and
I have some questions. Is it possible in Canada to have stagflation or any
serious economic problem we should be concern about?
Is it wise to buy a house now during a global economic downturn or
maybe is much wiser to wait and buy latter?
Your independent thoughts are always appreciated.
Peter
---------------------------------------
Answer
by R. T.:
There
are always opportunities that one should not miss in any particular market. On
the whole, however, I expect things to remain muddy until 2010-11.
(Home:
TheNewAmericanEmpire.com)