Soros sees no bottom for world financial "collapse" (loan, free market)

[Gottasay]

Soros sees no bottom for world financial collapse | Reuters

Thoughts, anyone?

[evilnewbie]

There is still a way out but government is too stupid to recognize it, they are trying to save the few and will end up destroying everyone... I blame the government... its time for them to grow a backbone and say the few just won't make it and try to save the rest...

[neil0311]

Originally Posted by Gottasay

Soros sees no bottom for world financial collapse | Reuters

Thoughts, anyone?

Soros also supports and funds Moveon.Org and their crazy beliefs. Nuff said.

[gwynedd1]

Bubbles occur as durable assets are financed and used as collateral. Housing, commercial real estate, capital equipment, equity on margins all are readily financed and as a result create money. There is no cash bubble. Demand for cash shrinks the money supply. When banks collect loan payments the money is retired and they are not making new ones. Think about it. When money in a mattress is a smart move and interest rates are at zero cash will continually disappear while it also goes out of circulation.
Assuming business as usual methods what will stop this? Nothing I can see.

[gwynedd1]

Originally Posted by neil0311

Soros also supports and funds Moveon.Org and their crazy beliefs. Nuff said.

Hi Neil0311,

Considering this was echoed by Paul Volcker, as explained in the article, your dismissal is rather weakened.

[HappyTexan]

They are trying to ignite the FIRE economy; trying to get back to where we were.
I see no indication that any of these massive bailouts have helped except to slow the fall.

What we see is a slow crash vs a fast crash.

[gwynedd1]

Originally Posted by HappyTexan

They are trying to ignite the FIRE economy; trying to get back to where we were.
I see no indication that any of these massive bailouts have helped except to slow the fall.

What we see is a slow crash vs a fast crash.

Hi HappyTexan,

It has slowed the fall of the FIRE economy, not the goods and services economy.

Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniform.

As far as I am concerned I would like to see the end of investment banking as we know it. Along with going to full reserve treasury notes most financing should be done via simple commercial bond markets along side the usual sale of stock. Saving the FIRE economy is killing everything else.

[evilnewbie]

I don't like the FIRE economy either... but one thing I do know is that Obama's advisers LOVE the FIRE economy and hence Obama LOVES the FIRE economy as well... what does that mean? More of the same with a different face....

[gwynedd1]

Paul Volker...text and video.


Jesse's Café Américain: Volcker's Vision of a Return to Narrow Banking

[chuck22b]

Originally Posted by gwynedd1

Paul Volker...text and video.


Jesse's Café Américain: Volcker's Vision of a Return to Narrow Banking

Interesting gwynedd1,
And I agree with a lot of Volcker's ideas. But the free marketers will bash you for suggesting that there should be "International" banking regulations/frameworks

Afterall, banks should be able to talk to brokerages, and create their own self-regulated money creation machines (derivatives) and debt "instruments"

-chuck22b