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Old 09-30-2010, 11:54 AM
 
1,535 posts, read 1,633,320 times
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The point we want to make in this article is that the elite is not firmly in charge of the current economic environment but is rapidly losing control – with various attendant consequences. The unraveling of the system has not only been swift and shocking, its been playing out in real-time over the Internet, which is just about the last place you want a generalized discussion about fractionalized, fiat money and central banking. Why is that? Because every time central bankers propose a monetary fix, ten thousands blogs step up to analyze the preventive medicine and to explain once more how the system really works.

a lot more at article good read....

Elite Between Rock and Hard Place
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Old 09-30-2010, 11:57 AM
 
Location: Arizona
13,778 posts, read 9,657,742 times
Reputation: 7485
From a layman's point of view most of what I've read is that the elite's and large corps. are sitting on all the money and have taken it out of circulation. Until the money starts flowing again, we'll never get out of this mess.
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Old 09-30-2010, 12:14 PM
 
45,542 posts, read 27,152,040 times
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At least the elites have a choice.

Those on the lower end of the wage scale will be toast upon any major further downtown.
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Old 09-30-2010, 12:21 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
Quote:
Originally Posted by SilverOne View Post
The point we want to make in this article is that the elite is not firmly in charge of the current economic environment but is rapidly losing control – with various attendant consequences. The unraveling of the system has not only been swift and shocking, its been playing out in real-time over the Internet, which is just about the last place you want a generalized discussion about fractionalized, fiat money and central banking. Why is that? Because every time central bankers propose a monetary fix, ten thousands blogs step up to analyze the preventive medicine and to explain once more how the system really works.

a lot more at article good read....

Elite Between Rock and Hard Place


You cannot play the game, if the dealer is still shuffling the deck.
You can blame our government directly for the prolonged and very slow recovery.

Had they just stepped back and let things make it or fail, we would be out of this mess.
The two things needed to benefit Americans he has been very vocal against. Which tells me he thinks more about the world and he as their servant than our nation, our Constitution and our prosperity.
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Old 09-30-2010, 12:29 PM
 
Location: Londonderry, NH
41,479 posts, read 59,756,720 times
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What would YOU have done if a financial collapse had wiped out your investments? 401k accounts are not insured and most were invested by the very people that were saved by the bail outs. In theory, some theories anyway, the collapse should have been left to run its course and everything would have recovered just fine. Others disagree. Now that we have bailed out the guilty what are we going to do about the results?
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Old 09-30-2010, 01:01 PM
 
10,854 posts, read 9,297,960 times
Reputation: 3122
Quote:
Originally Posted by SilverOne View Post
The point we want to make in this article is that the elite is not firmly in charge of the current economic environment but is rapidly losing control – with various attendant consequences. The unraveling of the system has not only been swift and shocking, its been playing out in real-time over the Internet, which is just about the last place you want a generalized discussion about fractionalized, fiat money and central banking. Why is that? Because every time central bankers propose a monetary fix, ten thousands blogs step up to analyze the preventive medicine and to explain once more how the system really works.

a lot more at article good read....

Elite Between Rock and Hard Place
The article is pure conjectiure. But thanks for sharing.
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Old 09-30-2010, 01:04 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
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Quote:
Originally Posted by GregW View Post
What would YOU have done if a financial collapse had wiped out your investments? 401k accounts are not insured and most were invested by the very people that were saved by the bail outs. In theory, some theories anyway, the collapse should have been left to run its course and everything would have recovered just fine. Others disagree. Now that we have bailed out the guilty what are we going to do about the results?

According to Obama and Congress, bailout all the big guys.
That is what that bill was all about. It passed, didn't it?


Wasn't our nation built on "risk and reward", right along side with and equal to "risk and fail"
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Old 09-30-2010, 01:09 PM
 
10,854 posts, read 9,297,960 times
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Originally Posted by mohawkx View Post
From a layman's point of view most of what I've read is that the elite's and large corps. are sitting on all the money and have taken it out of circulation. Until the money starts flowing again, we'll never get out of this mess.
Money is always flowing it's just not flowing toward the United States. If capital is allowed to flow freely ALWAYS flows to where it gets the highest rate of return based on an investors risk tolerance. That is NOT the United States what a lot of investment banks ard hedge funds are doing now is flowing dollars into emerging market countries with higher rates of investment return.
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Old 09-30-2010, 01:13 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
Quote:
Originally Posted by JazzyTallGuy View Post
Money is always flowing it's just not flowing toward the United States. If capital is allowed to flow freely ALWAYS flows to where it gets the highest rate of return based on an investors risk tolerance. That is NOT the United States what a lot of investment banks ard hedge funds are doing now is flowing dollars into emerging market countries with higher rates of investment return.

Thus the two commercials I have seen, directing you to invest in China.
The one where they talk about the fastest commuter train in the beginning.
Corporate... doing what they are allowed to do. Now put tariffs on all imports and watch corporations think more about Americans again.
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Old 09-30-2010, 01:17 PM
 
10,854 posts, read 9,297,960 times
Reputation: 3122
Quote:
Originally Posted by BentBow View Post
According to Obama and Congress, bailout all the big guys.
That is what that bill was all about. It passed, didn't it?


Wasn't our nation built on "risk and reward", right along side with and equal to "risk and fail"
Ask yourself this "Back in 2008 would you have risked an international economic collapse rather than bailout the banks and auto industry?". If you are sitting up here bitching about 9.6% employment how does 18% or 30% unemployment grab you? And who would you have blamed for that if it would have happened? The government, of course. as bad as things are they are nowhere near as bad as they would have been without the banks and the auto industry getting bailed out by Congress.

Everybody wants to call themselves a capitalist until the threat of losing their asses looms large.
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