Global Economy Bursting?

[Austin]

Four and a half years ago I started the thread: “Housing Bubble Bursting?” that as of this date has 397,305 views with 12,159 replies and has run for 4.5 hears. I started the thread because I felt I saw the signs of the beginning of the end.

Well today, November 8, 2010 I am starting a new thread: “Global Economy Bursting?” I see the same signs this morning that I saw in March of 2006. The headline story links below were all posted on Drudge Report at the same time this morning November 8, 2010. In my view this is a sign of the beginning of the progressive model collapse just as I saw the housing downturn as the beginning of the housing collapse. Time will tell but I am predicting that the jig is up and from today on will be the beginning of the end of the Ponzi Scheme economic model. They just ran out of rope.

I saw the housing bust coming around 1989 when I stopped participating in the Ponzi scheme when I stopped doing GSE appraisals. I saw this economic model bust coming in the late 1960’s.



Armed police raids to stop unlicensed barbers... There was another headline this morning about UPS and the Teamsters Union forcing congress to pass rent seeking legislation because FEDX is cleaning their clock. Rent seeking stories indicate a rise of black markets.

Oil price hits two-year high...
World Bank seeks gold standard debate...
UPDATE: China tees up showdown with USA...
CHINA, RUSSIA ATTACK FED MOVE

Bernanke Defends Pumping...
Treasury Yields Tumble to Records...
Germany: American growth model 'in deep crisis'...
Banks set for small company failures...
Obama sidesteps question on Fed policy...
Palin to Bernanke: 'Cease and Desist'...
Republicans to Use Debt Cap to Push Cuts...
CANTOR: Obama would be responsible for shutdown...
Battles Loom Over Taxes, Spending...
California borrows $40M A DAY to pay unemployment benefits...
Irish banks sink as EU eyes nation's survival plan...

 

[Randolph Kinney]

Four and a half years ago I started the thread: “Housing Bubble Bursting?” that as of this date has 397,305 views with 12,159 replies and has run for 4.5 hears. I started the thread because I felt I saw the signs of the beginning of the end.

Well today, November 8, 2010 I am starting a new thread: “Global Economy Bursting?” I see the same signs this morning that I saw in March of 2006. The headline story links below were all posted on Drudge Report at the same time this morning November 8, 2010. In my view this is a sign of the beginning of the progressive model collapse just as I saw the housing downturn as the beginning of the housing collapse. Time will tell but I am predicting that the jig is up and from today on will be the beginning of the end of the Ponzi Scheme economic model. They just ran out of rope.

I saw the housing bust coming around 1989 when I stopped participating in the Ponzi scheme when I stopped doing GSE appraisals. I saw this economic model bust coming in the late 1960’s.



Armed police raids to stop unlicensed barbers... There was another headline this morning about UPS and the Teamsters Union forcing congress to pass rent seeking legislation because FEDX is cleaning their clock. Rent seeking stories indicate a rise of black markets.

Oil price hits two-year high...
World Bank seeks gold standard debate...
UPDATE: China tees up showdown with USA...
CHINA, RUSSIA ATTACK FED MOVE

Bernanke Defends Pumping...
Treasury Yields Tumble to Records...
Germany: American growth model 'in deep crisis'...
Banks set for small company failures...
Obama sidesteps question on Fed policy...
Palin to Bernanke: 'Cease and Desist'...
Republicans to Use Debt Cap to Push Cuts...
CANTOR: Obama would be responsible for shutdown...
Battles Loom Over Taxes, Spending...
California borrows $40M A DAY to pay unemployment benefits...
Irish banks sink as EU eyes nation's survival plan...

Let me the first to agree with you.

 

[Randolph Kinney]

Symptoms of the worldwide governmental crisis are mirrored by states, counties and cities in the U.S.

Fiscal Challenges Facing U.S. State and Local Governments

http://www.marketwatch.com/story/re...-and-local-governments-2010-11-08?siteid=nbkh

The point being made is that the governments' continued ability to exist and function is not the question but governments' policies are producing a crisis for them is.

The policies have to change or the governments will fail.

Raising taxes and increasing mandates will cause businesses to relocate, or cut back employment.

 

[Lloyd Bonafide]

And the housing bubble bursting, which was the #1 cause of the financial meltdown, is primarily to blame for most of the current economic problems, at least in the U.S., (with a strong assist from unfunded public pensions.)

 

[Randolph Kinney]

Gold reverts to record high, breezes past $1,400

Just the nature and reaction to the FED's QE 2.

Derivative contracts and securitized debt sliced into different claims on the revenue streams propelled the demand for mortgages, credit card debt and auto loans.

That mess has not been recognized and losses taken on the balance sheets of corporations and institutions that hold such securities and contracts.

The only way out of debt is to either bankrupt it or inflate it away. Both are happening.

 

[AnonApprsr]

Thanks to the US Military the United States will prosper as long as it's the #1Military Power in the world. If "we" are ever asked to actually pay other countries back, or if "we" run out of resources, WE will militarily respond. God Bless America.

 

[Restrain]

I moved a big chunk of one 401K into a precious metals fund. 10% return in ONE MONTH. Yes, its a bubble, but so long as people chase it, it's a good play, a lot better than real estate. There is money to be made as fear chases fear. But as they said on Hill Street Blues, be careful out there.

 

[Terrel L. Shields]

A cheap dollar means expensive gasoline. I wish I had a 5,000 gallon fuel tank....and an armed guard to patrol around it.

expensive gasoline will stall the economy. Obama will blame the Republicans who will blame the democrats who will blame the oil companies who will blame the environmentalists who will blame the republicans....

We are doomed to repeat Japan's mistake except as a nation of savers they are better prepared to weather the coming stagflation.

 

[Riick]

Obama will blame the Republicans who will blame the Democrats who will blame the Oil Companies who will blame the Environmentalists who will blame the Republicans....

Don't Worry, Be Happy
.... All the players have played the blame game before, it's our national pastime.
I hear the Republicans have learned a new way to "Pin the Tale on the Donkey".
So.... Why am I remembering: "If you're not part of the solution, you're part of the problem" ?

 

[Scott Kibler]

You can't pay folks to be unproductive for ever.