we need a leader to fix it
The leader has to know what to fix. There's little consensus as to what went wrong,however,most agree that the Government caused the breakdown. John Tamny's article represents a minority opinion,but,minorities can be correct.
Mr. Farrell is confused:
NOPE,the Kraken is pure Destruction,unconstrained Wall Street, Obama is the helpless "LEADER" who thought he could control the Kraken that has turned on him. The Gorgon is what destroyed the Kraken,Perseus was the Soldier,the Question is,Who is the Gorgon?
CK MacLeod wrote:
@ Rex Caruthers:
It depends on the timing and character of the next crisis.
Paul B Farrell takes this on in todays Market Watch/It's Kraken Time:
That may be true. Know of an any on-line correspondence courses?
Machavelli or Clauswitz,com
CK MacLeod wrote:
@ Rex Caruthers:
Yeah, because it consisted of like 50% typical spam stuff
Can you post it anyway,if not,please show me yours anyway,I went first.
You’ve frequently proposed that we take over the world’s oil fields as a source of new wealth, but any operation that cost us more than supporting $50/barrel (ca. 60% today’s spot market price) would be counterproductive. If we have several trillions to spend on conquest, why not spend a fraction of that amount building gasification plants that solve the same problem without blood and larceny?
Good points,we had the window and the justification when OPEC declared war on us by Quaprupling the price of oil. Lost opportunity too bad, so if we were forced,because of an Existential situation,to sieze Assets today,the whole point would be that the loser,the siezeee would pay for the cost of our trouble out of the siezed assets. You have a big problem thinking like an Imperialist.
I just sent a comment that was stopped by a Spam Filter?????
I’m not convinced Ø is dead
OK,I'll show you mine if you show me yours,In 2005,my family had $400,000 avaliable in Credit Card credit and various Credit lines,and another $150000 in Home Equity Credit on a Family income of $140000
annual. Today,on $115000 annual family income,we have $30000 of Credit Card/Credit Line Credit and 0$ home Equity. In 2005,our family debt level was total including house/$200000,today it is over $400000 including house. This is a fairly typical comparison. Please figure out our family's disposible income and our potential for further debt. Looks like 0 to me.
Nobody would accept that without guarantees against dollar devaluation/$50 Barrel is equal to $7.50 barrel in 1970 dollars.
It's not philosophy,it's the Economy,
Obama has proved he can't turn it around. Because our GDP is so dependent on Household spending,and it takes jobs to create disposable income to improve the economy creating more jobs and more dispoable income etc etc. We can't do it with Debt anymore,and that is what's killing Obama. The Debt overhang is affecting Government and Households. Many Companies have excellent cash reserves,but without the disposable income to buy their stuff,they're not spending that money. As a tactic to jumpstart the economy,DEBT IS DEAD.
So that means,that by 2012,the GOP has the presidency and both house,that also means that in 2012,the GOP is f---ed,because like now,they won't have debt to jumpstart the economy,and the cycle starts over again. The only thing that will work to jumpstart this economy is a new source of disposable income,not debt,not home mortgage ATMs, it's going to take twenty years to rebuild the job infrastructure that was lost during the last twenty years and that depends on the committment on any party to do that,but DEBT IS DEAD.