Itâs 2008. The U.S. Has Dragged the World into a Depression.
- Thread starter SouthAmerica
- Start date
.
Daal: SA is dragging ET into a depression
*****
December 5, 2008
SouthAmerica: Reply to Daal
Please explain to me how am I dragging ET into a depression?
ET has over 110,000 registered members and about 50 people read my postings on a regular basis.
As you can see that is not a large number of readers â and the problem is not ET members getting depressed â the real problem is the US economy descending into the First Great Depression of the new millennium.
Anyway, it is too early to get depressed and please save your depression for a year from now or for the year 2010. Today, we still are calling it just a very deep recession â the real economic great depression still ahead of us.
If you are depressed now, then you will be a basket case by 2010.
.
Daal: SA is dragging ET into a depression
*****
December 5, 2008
SouthAmerica: Reply to Daal
Please explain to me how am I dragging ET into a depression?
ET has over 110,000 registered members and about 50 people read my postings on a regular basis.
As you can see that is not a large number of readers â and the problem is not ET members getting depressed â the real problem is the US economy descending into the First Great Depression of the new millennium.
Anyway, it is too early to get depressed and please save your depression for a year from now or for the year 2010. Today, we still are calling it just a very deep recession â the real economic great depression still ahead of us.
If you are depressed now, then you will be a basket case by 2010.
.
.
February 11, 2009
SouthAmerica: Finally some people started recognizing that the world is descending into a new Great Depression. Last week Gordon Brown mentioned that subject in one of his speeches, and Bill Gross (Pimco) also said that we are on a depression.
Slowly some people started figuring out what is happening.
I have been writing about that for a long time and itâs nothing new to me.
Today most Americans canât figure out even the obvious â and they think that it is business as usual.
Future generations in the United States are going to look back to the period year 2000 to year 2010 and wonder if the country was being managed during that period by a bunch of âBrain Deadâ people â from politicians to the business community.
We have passed a long time ago the point of no return and there is only one way out of this massive banking mess â the nationalization by the US government of many large US banks and they can start by nationalizing Citi Group, Bank of America, Wells Fargo, and many others.
It will cost trillions of US dollars and it will take many years for the US government to clean up these banks and then privatize the new healthy bank institutions.
It will be a big waste of taxpayer money for the US government to try to keep these Zombie institutions alive since for all practical purposes all these banks are dead.
Nationalizing all these banks is the option that makes sense at this point. The sooner the US government nationalizes and cleans all this massive banking mess the better for the US economy in the long run.
I have been watching CNBC, CNN News, Bloomberg TV, and other financial programs and I have not seen a single person mention the obvious. âWhat do you think is going to happen if the US government continue to throw new money into this completely incompetent American banking system - at least the 10 largest banking houses in the US?â
They are going to come back for more time after time until they have milked the US government resources completely dry. That is how those greedy bastards work they will lobby to get up the last dime that they can get from the US government.
Getting a US government Bailout is the new game in town for the largest US banks and also for the remaining Wall Street investment banking houses.
At this point nationalization of the major US banking houses is the only intelligent option available for the US government and for the American people.
The immediate nationalization of the banking system in the US might be the only thing that might soften a little the blow regarding this new Great Depression.
You donât need to be a rocket scientist to figure this one out.
Last night I did watch The Charlie Rose Show when he had a number of financial writers of The New York Times discussing the current stimulus package and the next US government banking bailout.
After that show ended at midnight I changed the channel to Bloomberg TV and they had a live program from Hong Kong and the subject of that conversation was if the US government would allow foreigners to control the entire banking system in the United States.
I guess right now there are only two choices available for Americans to choose from: 1) The 100 percent nationalization of the major banking houses in the US by the US government. Or 2) Let foreigners control the entire banking system in the United States.
Americans must be very Dumb if they allow foreigners to control the banking system in the United States.
.
February 11, 2009
SouthAmerica: Finally some people started recognizing that the world is descending into a new Great Depression. Last week Gordon Brown mentioned that subject in one of his speeches, and Bill Gross (Pimco) also said that we are on a depression.
Slowly some people started figuring out what is happening.
I have been writing about that for a long time and itâs nothing new to me.
Today most Americans canât figure out even the obvious â and they think that it is business as usual.
Future generations in the United States are going to look back to the period year 2000 to year 2010 and wonder if the country was being managed during that period by a bunch of âBrain Deadâ people â from politicians to the business community.
We have passed a long time ago the point of no return and there is only one way out of this massive banking mess â the nationalization by the US government of many large US banks and they can start by nationalizing Citi Group, Bank of America, Wells Fargo, and many others.
It will cost trillions of US dollars and it will take many years for the US government to clean up these banks and then privatize the new healthy bank institutions.
It will be a big waste of taxpayer money for the US government to try to keep these Zombie institutions alive since for all practical purposes all these banks are dead.
Nationalizing all these banks is the option that makes sense at this point. The sooner the US government nationalizes and cleans all this massive banking mess the better for the US economy in the long run.
I have been watching CNBC, CNN News, Bloomberg TV, and other financial programs and I have not seen a single person mention the obvious. âWhat do you think is going to happen if the US government continue to throw new money into this completely incompetent American banking system - at least the 10 largest banking houses in the US?â
They are going to come back for more time after time until they have milked the US government resources completely dry. That is how those greedy bastards work they will lobby to get up the last dime that they can get from the US government.
Getting a US government Bailout is the new game in town for the largest US banks and also for the remaining Wall Street investment banking houses.
At this point nationalization of the major US banking houses is the only intelligent option available for the US government and for the American people.
The immediate nationalization of the banking system in the US might be the only thing that might soften a little the blow regarding this new Great Depression.
You donât need to be a rocket scientist to figure this one out.
Last night I did watch The Charlie Rose Show when he had a number of financial writers of The New York Times discussing the current stimulus package and the next US government banking bailout.
After that show ended at midnight I changed the channel to Bloomberg TV and they had a live program from Hong Kong and the subject of that conversation was if the US government would allow foreigners to control the entire banking system in the United States.
I guess right now there are only two choices available for Americans to choose from: 1) The 100 percent nationalization of the major banking houses in the US by the US government. Or 2) Let foreigners control the entire banking system in the United States.
Americans must be very Dumb if they allow foreigners to control the banking system in the United States.
.
Im gonna place southamerica on ignore. goodbye you annoying ass.
Brazil is a banana republic.
The Republican debt bubble started by Reagan's trickle down economics has finally burst.
Nationalization is the only option if depositors are to get their money back. It is also the cheaper alternative to the current game the European owners of the Federal Reserve Bank are playing at the moment. Never trust a parasite unless you want to be sucked dry.
You can not continue to cut taxes and add massive levels of debt that can not be paid off. Bush I realized what was going to happen and began making the appropriate changes, but the Republican voters from Dumbfuckistan decided to vote for Perot. Bush II, the worst fuck-up to ever live, happily put in the last few nails into the debt coffin. Please thank the Republican voters from Dumbfuckistan for voting in the fuck-up twice.
Nationalization is the only option if depositors are to get their money back. It is also the cheaper alternative to the current game the European owners of the Federal Reserve Bank are playing at the moment. Never trust a parasite unless you want to be sucked dry.
You can not continue to cut taxes and add massive levels of debt that can not be paid off. Bush I realized what was going to happen and began making the appropriate changes, but the Republican voters from Dumbfuckistan decided to vote for Perot. Bush II, the worst fuck-up to ever live, happily put in the last few nails into the debt coffin. Please thank the Republican voters from Dumbfuckistan for voting in the fuck-up twice.
SouthAmerica ....you made the call A LONG TIME AGO....
Good call as usual !!!! Keep up the good work....
........................................................................
It is quite incredible that simple math is ignored by the supposed intelligent which have been handed the reigns of management....
What is clear is that there have to be sweeping changes with regards to....
1) The two party by advertising LOBBYIST government
2) The Banking System
3) The Regulations
4) Securities Market Structure
5) Legal Largesse
6) Tax Structure
7) Get rid of SAME FACES SAME PLACES
I am sure that you knew this a long time ago....
I like Obama because he is self made....and I know that he will push what he think is best....
But....it does more harm than good to push bad concepts that will do nothing to make much needed changes....
So far....there is no evidence that proper changes are in motion....
Just another lawyer with a podium....
Very very unfortunate....for the US and the world....
Good call as usual !!!! Keep up the good work....
........................................................................
It is quite incredible that simple math is ignored by the supposed intelligent which have been handed the reigns of management....
What is clear is that there have to be sweeping changes with regards to....
1) The two party by advertising LOBBYIST government
2) The Banking System
3) The Regulations
4) Securities Market Structure
5) Legal Largesse
6) Tax Structure
7) Get rid of SAME FACES SAME PLACES
I am sure that you knew this a long time ago....
I like Obama because he is self made....and I know that he will push what he think is best....
But....it does more harm than good to push bad concepts that will do nothing to make much needed changes....
So far....there is no evidence that proper changes are in motion....
Just another lawyer with a podium....
Very very unfortunate....for the US and the world....
January 1, 2012
SouthAmerica: Here are the links to the original article:
Published on February 13, 2005 on Brazzil magazine.
Original title: âThe First Great Depression of the New Millenniumâ
Brazzil's editor changed the title to:
Itâs 2008. The U.S. Has Dragged the World into a Depression.
By Ricardo C. Amaral
http://www.brazzilmag.com/component...-has-dragged-the-world-into-a-depression.html
My Blog:
Itâs 2008. The U.S. Has Dragged the World into a Depression.
By Ricardo C. Amaral
http://thenewgreatdepressionisunderway.blogspot.com/2012/01/published-on-february-13-2005-on.html
.
SouthAmerica: Here are the links to the original article:
Published on February 13, 2005 on Brazzil magazine.
Original title: âThe First Great Depression of the New Millenniumâ
Brazzil's editor changed the title to:
Itâs 2008. The U.S. Has Dragged the World into a Depression.
By Ricardo C. Amaral
http://www.brazzilmag.com/component...-has-dragged-the-world-into-a-depression.html
My Blog:
Itâs 2008. The U.S. Has Dragged the World into a Depression.
By Ricardo C. Amaral
http://thenewgreatdepressionisunderway.blogspot.com/2012/01/published-on-february-13-2005-on.html
.
:eek: