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- avengingturnip, on 06/27/2008, -0/+21"We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."
- alcornmj, on 06/27/2008, -1/+22It's a shame, perhaps an intentional one, that a basic understanding of how our fiat monetary system 'works' isn't taught in our schools. I think even a 3rd grader could understand in a basic sense how creating more of something devalues it, and how there is something fundamentally wrong about creating that something from nothing.
Congress had no authority to delegate it's Constitutionally mandated monetary powers to a private bank cartel, yet it did. The framers of the Constitution had no love for the fiat monetary system and attempted to ensure that our money was backed by a real commodity, only to have a later President ignore that safe-guard by taking us off the gold standard and putting us all at the mercy of the Central Banks.
Perhaps enough people will be stung by this retraction that they will demand the stability of a commodity backed currency. If not, this episode will be used by the Central Banks to consolidate more power and authority over world markets, currencies and Governments.
Remember: The borrower is slave to the lender. Who lends to your Government? - StingingNettle, on 06/27/2008, -0/+19The fed shouldn't have had credibility to begin with. What's happening now, is that they our powerless to keep things going. They only have a choice as to how to go out. Inflation or deflation. Inflation is usually the more popular choice.
- StingingNettle, on 06/27/2008, -0/+18Ben just inherited this mess from Greenspan. Greenspan is the guy who really screwed up. Ben isn't going to be helping though.
- avengingturnip, on 06/27/2008, -0/+12They should not have any credibility, but it is hard not to remember the deference and reverence with which Greenspan was treated every time he came down from Olympus and graced the members of Congress with his oracle like pronouncements. All except for that pesky congressman from Texas, of course. What was his name again?
- 0Xonox0, on 06/28/2008, -1/+12So what's the fed doing to help prevent the impending inflation crisis?
Printing more money. - inactive, on 06/27/2008, -0/+11@mathewsjw -
Apparently you know more than Barclay's Bank, so you are just the guy I need to talk to.
Could you give me some investment advice?
What would you invest in right now?
Would you keep dollar based assets or would you be looking more at foreign securities? - inactive, on 06/30/2008, -1/+12I can't help but feeling that this "global banking crisis" is by design. This man-made disaster fits in perfectly with the Shock Doctrine. The medicine will be an austerity program for the US like that imposed on 3rd world countries that can't pay their debts. This shock treatment will be widely opposed which will cause the government to further restrict civil liberties in order to maintain "law and order". I've described this scenario previously in an article:
"Martial Law coming to a country near you"
http://futurenewstoday.blogspot.com/2008/06/martia ...
I call my blog Future News Today. Sometimes it sucks being right. - FELIXSANCTUS, on 06/28/2008, -0/+9It's finally happening... the worst recession since the 1930s is coming here soon.
- kemp34, on 06/30/2008, -0/+6It is definitely intended by some that there is nearly zero teaching of how our cartelized banking system and fiat debt-based currency system works in America. Some interests REALLY do not want people to know what the system is all about.
Interesting to note that JFK issued silver backed U.S. Notes and soon thereafter... - Mediamoron, on 06/28/2008, -0/+6You reap what you sow.
- StingingNettle, on 06/28/2008, -0/+5You already knew what to invest in because you have been paying attention. ;)
- inactive, on 06/30/2008, -0/+4As Jim Kramer says "They Know Nothing!"
- Izult, on 06/30/2008, -0/+4You've been reporting on my nightmares since the passage of the Patriot Act. I hope beyond words that those of us who see the dark days ahead are wrong and will be proven so soon but intuition is more often right than not and my gut tells me we're screwed.
- mlana, on 06/30/2008, -0/+3You can say recession again and with the price of fuel on the constant rise many families are going to be in deep financial trouble!
- alcornmj, on 07/02/2008, -0/+1Ya know, I hadn't made that connection. Interesting to note indeed.
- sphira, on 07/01/2008, -0/+1"interesting to note"
Yep silver and gold certificates --
Will Pay to The Bearer On Demand -
LBJ was ruthless - Erich100, on 06/30/2008, -0/+1The US has been bankrupt before, and it will continue as long as we have a criminal organization controlling our money.
http://www.angelfire.com/az/sthurston/bankruptcy.h ... - Pssdoff, on 06/30/2008, -1/+2LBJ was a real bastard for many reasons.
- inactive, on 06/27/2008, -14/+2say this real quick and very loud: The Sky is Falling! The Sky is Falling! The Sky is Falling! To make this the official mantra for the Democrats will happen when Al Gore invents this one similar to the Internet and global warming claims... I can not wait.
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