tag:blogger.com,1999:blog-7806136543904112143.post6438442415620728161..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #10289Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7806136543904112143.post-86008167293427467632010-10-18T09:30:36.319-05:002010-10-18T09:30:36.319-05:00CKM - well said. I sent to a friend, a Harvard ty...CKM - well said. I sent to a friend, a Harvard type, who has been beating the "currency is becoming worthless" drum. The point was, in my mind, that the issues are more overarching that the currency markets, and your piece said pretty much what I wanted to say. He was a bit stunned. He has yet to argue with it.ibillnhttps://www.blogger.com/profile/12393569935967702940noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-29025961539462271622010-10-18T01:51:28.205-05:002010-10-18T01:51:28.205-05:00I just read this book* about one of Jimmy Hoffa...I just read this book* about one of Jimmy Hoffa's henchmen and it made me realise that:<br /><br />1) The US economy has probably *always* been run by and for the benefit of some constellation of gangsters - inside and outside of government.<br /><br />2) Lawyers are the key enablers of organised crime.<br /><br />Maybe they just went and overdid it on the securitisation scams - *all* the crooks piling into FIRE because the regular scams got too scarce with outsourcing and all?<br /><br />Of Course *nothing* is in the news here. Wouldn't want to rock the "recovery" now, would we?<br /><br />*) http://www.amazon.com/Heard-You-Paint-Houses-Teamsters/dp/1586420771fajensennoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-34033622736488536302010-10-17T21:35:00.067-05:002010-10-17T21:35:00.067-05:00"I truly thought our doom would flow from the..."I truly thought our doom would flow from the increasing decline in petroleum production, years from now. I was wrong."<br /><br />As did and was I. To quote Gonzalo Lira, "Fuckit." <br /><br />http://www.zerohedge.com/article/gonzalo-lira-coming-middle-class-anarchyRobhttps://www.blogger.com/profile/06788171344124235068noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-23353456785692539432010-10-17T08:33:46.349-05:002010-10-17T08:33:46.349-05:00Doly's comment is interesting. You are very r...Doly's comment is interesting. You are very right when you say that basing a finance driven economy on on shaky assets that can deteriorate fast, both in real terms and financial is asking for disaster. The trouble is that it was popular and politicians bought it as well. Over here in the UK we could be facing more trouble soon. What is it about building on sand?Demetriushttps://www.blogger.com/profile/17198549581667363991noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-5925665699959700202010-10-17T03:18:53.380-05:002010-10-17T03:18:53.380-05:00"I truly thought our doom would flow from the..."I truly thought our doom would flow from the increasing decline in petroleum production, years from now. I was wrong."<br /><br />Actually, the housing bubble and oil are connected, it's just that most people don't realise how. The reason for a housing bubble was that interest rates were kept abnormally low, and all that money had to go somewhere. It went into real estate. And the reason that interest rates were kept abnormally low and it didn't lead to rampant inflation? When currencies are following the same standard (such as gold), running a huge deficit is deflationary. No, there wasn't a gold standard at the time. There was a petrodollar standard, followed faithfully by almost all oil exporters and the biggest manufacturer: China. You see the big picture now?Dolynoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-4978771572092229732010-10-16T19:04:38.828-05:002010-10-16T19:04:38.828-05:00Oh, here is another one for good measure.Oh, <a href="http://satellitesky.blogspot.com/2007/04/how-much-of-housing-boom-is-based-on.html" rel="nofollow">here is another one for good measure.</a>OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-63202409709203166372010-10-16T18:51:04.657-05:002010-10-16T18:51:04.657-05:00I wrote several articles about mortgage fraud. He...I wrote several articles about mortgage fraud. <a href="http://satellitesky.blogspot.com/2006/12/real-estate-fraud-rising-in-us.html" rel="nofollow">Here is but one example.</a>OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-4410021162959849782010-10-16T13:48:41.863-05:002010-10-16T13:48:41.863-05:00"The rule of law disappeared along with the m..."The rule of law disappeared along with the magic of deregulation – what are laws except inconvenient constraints on profits? Common sense left town years ago."<br /><br />The Rule Of Law has not disappeared but has been diminished. Think of a ROL Index where the Index continues down, down. That is where we are going and what Rules all. Why economists do not have such an Index is inexplicable. <br /><br />I have yet to hear or see any comment by Criminologists about the Massive Crime Wave in the US today. In RE alone, at $2 TRILLION in crimes, at $1 MILLION per Crime, you're looking at 2 MILLION Criminals. Yet, these criminologists can tell us how many car thefts, muggings, pot deals, etc. occur in the neighborhood. Just another indication of a system becoming more and more corrupt and rotten.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-23833922504005550662010-10-16T12:07:23.898-05:002010-10-16T12:07:23.898-05:00Well said! While there are many contributing facto...Well said! While there are many contributing factors to the pending collapse of our civilization, I believe the principle cause is criminal. (Despite the fact the criminals have 'legalized' their crimes.)<br /><br />Which begs the question, is it still a crime if the judge says it's okay (or is the judge a criminal too?)Gegnerhttps://www.blogger.com/profile/01918737715343158105noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-54609988887971833092010-10-16T08:31:54.681-05:002010-10-16T08:31:54.681-05:00it certainly does have real systemic trouble writt...it certainly does have real systemic trouble written all over it...<br /><br />yves has been on top of it since before it was news, and this week she admitted it had gotten ahead of her too...rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-79049772095962519822010-10-16T07:54:47.072-05:002010-10-16T07:54:47.072-05:00I think you are absolutely right.
This is beyond ...I think you are absolutely right.<br /><br />This is beyond anything I've ever seen in my life. 2008 was just the prologue.<br /><br />This country is basically finished, whatever exists now is just zombies being fed by the Fed.Anonymousnoreply@blogger.com