[Cloud9]

Inflation benefits debtors. Normally banks would fight inflation tooth and nail because it would depreciate their assets. This time around, the banks are the ones holding the bad debt. I suspect the inflation will be in double digit numbers until the value of the toxic waste is neutralized. Republicans have generally come to the aid of big business because they see these businesses as the engines that drive the economy. They better take a page from Roosevelt’s play book and start creating jobs for the little people. The CCC and WPA need to be ramped up.

[Denny]

If they check out this You Tube of President Bush, just done in August at the Beijing Olympics, they'll be amazed that the present financial crisis could have spawned so fast.

See America Has No Problems

[Ferretlover]

$this->bbcode_second_pass_quote('', 'W')hat will the history books say about this time?

[Carlhole]

Whoever has been the world's primary manufacturer in the past, has also eventually become the world's leading lender and financier. Is the US passing the Baton to China and the East?

It will be interesting to see what sort of financier role China will eventually play. Because China's currency is still controlled by the government - it has not been co-opted by private bankers.

[smiley]

Probably not very much. History is good in recording the aftermath of such events, but rarely mentions the source.

The financial markets haven't really changed in the past 400 years or so. If you think that stocks, futures, options, shorts, longs and even those derivatives are modern inventions, they're not. They have been around long before Wall Street even was a dirt road.

And every crash has been the same as the previous, all the way back to the dutch stock crisis of 1636, or the Cowry currency crisis. Their aftermath may differ, but in essence these events are very similar. Overvaluation due to investor hysteria.

And yes the politicians will speak bold words and wave their fists. And maybe they will "fix" the financial perils. But the real problem is human nature in combination with speculative instruments. And why would they want to change a system which over the past centuries predominantly has been very good to them.

So the system will be reset, temporary stopgaps will be applied, and investors will happily start blowing up the next bubble.

[hironegro]

A rough pathway to a new golden age of humanity.

[ReverseEngineer]

$this->bbcode_second_pass_quote('smiley', 'A')nd yes the politicians will speak bold words and wave their fists. And maybe they will "fix" the financial perils. But the real problem is human nature in combination with speculative instruments. And why would they want to change a system which over the past centuries predominantly has been very good to them.
So the system will be reset, temporary stopgaps will be applied, and investors will happily start blowing up the next bubble.

[hironegro]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('smiley', 'A')nd yes the politicians will speak bold words and wave their fists. And maybe they will "fix" the financial perils. But the real problem is human nature in combination with speculative instruments. And why would they want to change a system which over the past centuries predominantly has been very good to them. So the system will be reset, temporary stopgaps will be applied, and investors will happily start blowing up the next bubble.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('Denny', 'I')f they check out this You Tube of President Bush, just done in August at the Beijing Olympics, they'll be amazed that the present financial crisis could have spawned so fast.

See America Has No Problems

[hironegro]

$this->bbcode_second_pass_quote('DoomWarrior', '')$this->bbcode_second_pass_quote('Denny', 'I')f they check out this You Tube of President Bush, just done in August at the Beijing Olympics, they'll be amazed that the present financial crisis could have spawned so fast.

See America Has No Problems

[lonewolf]

“History is a set of lies agreed upon.” Napoleon Bonaparte

- as written by the victors,

- IF any literate 'elite' remain.

Same then as back when.