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So out of that graph on could conclude war is what turns economies around? I'm sure quite some economists would disagree on that. Also, maybe the revival in growth occured because of the cleansing of the system propagated by the no-interventionists? They just werent allowed to stick around...

Didnt the worst times happen in the Great Depression occur after mr Mellon left office? :)

Landis, to which extend do you agree with Mr Worsley? It seems to be impossible for historians to agree on the question whether FDR did too little or too much which then turned a recession/mild depression into a great depression and how do we learn from that for this day in age? I'd be...

Spain also has one of the biggest black market economies of the industrialised world. They should allow amnesty for tax evaders, Brussels allows it and this will recapitalise their banks.:)

600$ but only 20 euro's! Goooo Trichet!:)

Any idea on where COS-UN would trade with oil at 600$? Thanks.

With the G20 happening all them leaders are like no no no we are not going to make the same mistakes as we did back then doing nothing just sitting on our hands we are going to take decisive action this time bla bla bla Then you have all those guru's (accidentally bullish on gold and...

Néééh, I own some COS and they cut their dividend 90% summer to spring so they did make profit with oil at 150$ surely.:)

Why don't all the bums save some nickle and buy themselves a house over there?

Adam who?

Jeez why arent these newly printed dollars flowing into gold?:confused:

Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is a mere $273.7 Billion. Where is the rest of the loot? The answer is in off balance sheet SIVs, imploding commercial real estate deals, Alt-A liar loans, Fannie Mae and Freddie Mac bonds, toggle bonds where debt is...

The Anglo-saxon angel is relevant indeed. the French banks for instance are in far better shape then their european peers who tried to imitate the likes of Citi and RBS.

I thought it was the Jews!

Stop paying back debt = default Pay back debt with toiletpaper = default

Can't believe I'm on the same boat as soccermoms. I frown upon soccermoms.

Marc Faber is the best. Some calls he made that would have you made big$$$. Spring 2008: Buy Yen Buy oil Summer 2008: Buy dollar, sell oil, sell comodities Fall 2008: Buy goldminers Citi could go from 3$ to 10$ (it did) before it goes to 0 (it went to 0.97) Market rally coming...

Germany payed back the loans it defaulted on during the Weimar era up until 2002 or something. No way out.:eek: The US will in the end get some form of debt relief in exchange for cities or taxes payed directly to China or something.

Then again on of the biggest hedge funds in the world (Paulson & Co spent $1.28bn buying Anglo American’s stake in gold miner AngloGold Ashanti on Tuesday as the New York hedge fund moved from betting against banks to betting against governments) just piled into one of the bigest goldmines of...

Are soccermoms buying gold these days? Serious question.