Comments on Market Skeptics: Rally on Monday?

Things have to go horribly wrong before politician...

2008-11-15T19:42:00.000-08:00

Things have to go horribly wrong before politicians get up the nerve to do something about problems. Take Lehman for example. The US allowed Lehman to fail because there wasn't the political will to save the firm. After the Lehman bankruptcy caused all kinds of problems in the financial market, THEN there was the political will to needed the save Lehman.

The same thing applies to world leaders at the G-20 conference. Things haven't gotten bad enough yet for them to take any drastic steps. In a month or so after the world economy disintegrates further, THEN world leaders might start taking drastic steps.

I can't believe the US would voluntarily trigger t...

2008-11-14T19:30:00.000-08:00

I can't believe the US would voluntarily trigger the collapse of the dollar and our economy. I don't think that even Paulson and Bernanke can be that stupid, but you never know.

But Eric, the "endgame" is world govt, that requires a "world currency." How familiar are you with the 1988 Economist Get Ready for the Phoenix? Edelson speaks of a...

"A new fixed-rate currency regime.

The International Monetary Fund (IMF) would implement the new financial system in conjunction with central banks and governments around the world."

Back to 1988 Economist

"The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF."

Stupid maybe, but that doesn't means they would never attempt it. Our leaders, though mostly Machiavellian, do not always act out pragmatic. These guys, (elites) at their core are ideological. Dare I say religious...

Interesting article, but it would never work becau...

2008-11-14T17:52:00.000-08:00

Interesting article, but it would never work because our creditors would never go along with it. If the US devalues the dollar like the article suggests, our creditors (China, India, etc) would be FURIOUS. They would immediately stop buying US treasuries and start selling them instead. Interest rates would soar to astronomical levels. The US government would not be able to fund itself and would have to start printing money. The dollar would lose nearly all its value in a matter of weeks. Our economy and financial system would disintegrate.

Let me make this perfectly clear: Soaring gold prices would destroy our currency and economy. Soaring gold prices are something our government has been desperately trying to prevent all year.

I can't believe the US would voluntarily trigger the collapse of the dollar and our economy. I don't think that even Paulson and Bernanke can be that stupid, but you never know.

EricHave seen this?The G-20’s Secret Debt Solution...

2008-11-14T17:13:00.000-08:00

Eric

Have seen this?

The G-20’s Secret Debt Solution?