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New (financial) World Order

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  • #31
    Re: New (financial) World Order

    "P.S. If you are renting right now, GO BUY A HOUSE, yes NOW!"

    Is this an inflation call or do you see something else coming? ie Are you thinking paying back debt will be easier or are you thinking rent goes up?

    If the dollar did die, what happens to outstanding dollars people are holding? What happens to debt in dollars? Sorry if thats a basic question - I looked into that in the past.

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    • #32
      Re: New (financial) World Order

      Originally posted by BrianL View Post
      "P.S. If you are renting right now, GO BUY A HOUSE, yes NOW!"

      Is this an inflation call or do you see something else coming? ie Are you thinking paying back debt will be easier or are you thinking rent goes up?

      If the dollar did die, what happens to outstanding dollars people are holding? What happens to debt in dollars? Sorry if thats a basic question - I looked into that in the past.

      The actions required to put a floor in the restate market have mostly been taken, a few remain.

      For my mom who is a fixed income retiree and who rents, this was the signal I needed to be able to tell her go get a house. Yields may rise, prices may fall yet further, rents will most likely go up, but her payment will remain the same, which is the biggest fixed recurring expense she has. She sold her old house in 2005 and put the proceeds into gold. Now she just pays rent, my call to her was it's time to pay a fixed cost mortgage again as her rent was starting to go back up again, not good when your income is a fixed payment.

      That's my call. Fix a payment on a 30 yr fixed if you rent, prices may still get cheaper but payments will stay the same or go up from here on mortgages and rents I think.

      Comment


      • #33
        Re: New (financial) World Order

        I've been following the news like everyone else, and I think the US leveraged has dissipated:

        1) US will get bailed out, but will lose equity in banks as a result.
        2) US may have to make certain concessions, like compelling the EU to kill RIO BHP merger and allow FDI from SWF's in more value-added sectors than just consumer finance and mortgages...

        Basically, what the NeoCons wanted and what the Chinese and Arabs fantasized over is going to meet at a happy medium... i.e. both parties will remain dissastisfied, but a perturbation outside this equilibrium would make the deal too one-sided.

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        • #34
          Re: New (financial) World Order


          Behind the Panic: Financial Warfare and the Future of Global Bank Power

          by F. William Engdahl


          What’s clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle. The most interesting development in recent days has been the unified and strong position of the German Chancellor, Finance Minister, Bundesbank and coalition Government, all opposing an American-style EU Superfund bank bailout. Meanwhile Treasury Secretary Henry Paulson pursues his Crony Capitalism to the detriment of the nation and benefit of his cronies in the financial world. It’s an explosive cocktail that need not have been.

          Stock market falls of 7 to 10% a day make for dramatic news headlines and serve to foster a broad sense of unease bordering on panic among ordinary citizens. The events of the last two weeks among EU banks since the dramatic state rescues of Hypo Real Estate, Dexia and Fortis banks, and the announcement by UK Chancellor of the Exchequer, Alistair Darling of a radical shift in policy in dealing with troubled UK banks, have begun to reveal the outline of a distinctly different European response to what in effect is a crisis ‘Made in USA.’

          US Goldman Sachs ex CEO Henry Paulson, as Treasury Secretary, is not stupid or incompetent. Quite the oppositie. There is serious ground to believe that he is actually moving according to a well-thought-out long-term strategy. Events as they are now unfolding in the EU tend to confirm that. As one senior European banker put it to me in private discussion, "There is an all-out war going on between the United States and the EU to define the future face of European banking."

          In this banker’s view, the ongoing attempt of Italian Prime Minister Silvio Berlusconi and France’s Nicolas Sarkozy to get an EU common ‘fund’, with perhaps upwards of $300 billion to rescue troubled banks, would de facto play directly into Paulson and the US establishment’s long-term strategy, by in effect weakening the banks and repaying US-originated Asset Backed Securities held by EU banks.

          Using panic to centralize power

          ....

          http://www.globalresearch.ca/index.p...rticleId=10495

          Comment


          • #35
            Re: New (financial) World Order

            Originally posted by D-Mack View Post

            Behind the Panic: Financial Warfare and the Future of Global Bank Power

            by F. William Engdahl


            What’s clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle. The most interesting development in recent days has been the unified and strong position of the German Chancellor, Finance Minister, Bundesbank and coalition Government, all opposing an American-style EU Superfund bank bailout. Meanwhile Treasury Secretary Henry Paulson pursues his Crony Capitalism to the detriment of the nation and benefit of his cronies in the financial world. It’s an explosive cocktail that need not have been.

            Stock market falls of 7 to 10% a day make for dramatic news headlines and serve to foster a broad sense of unease bordering on panic among ordinary citizens. The events of the last two weeks among EU banks since the dramatic state rescues of Hypo Real Estate, Dexia and Fortis banks, and the announcement by UK Chancellor of the Exchequer, Alistair Darling of a radical shift in policy in dealing with troubled UK banks, have begun to reveal the outline of a distinctly different European response to what in effect is a crisis ‘Made in USA.’

            US Goldman Sachs ex CEO Henry Paulson, as Treasury Secretary, is not stupid or incompetent. Quite the oppositie. There is serious ground to believe that he is actually moving according to a well-thought-out long-term strategy. Events as they are now unfolding in the EU tend to confirm that. As one senior European banker put it to me in private discussion, "There is an all-out war going on between the United States and the EU to define the future face of European banking."

            In this banker’s view, the ongoing attempt of Italian Prime Minister Silvio Berlusconi and France’s Nicolas Sarkozy to get an EU common ‘fund’, with perhaps upwards of $300 billion to rescue troubled banks, would de facto play directly into Paulson and the US establishment’s long-term strategy, by in effect weakening the banks and repaying US-originated Asset Backed Securities held by EU banks.

            Using panic to centralize power

            ....

            http://www.globalresearch.ca/index.p...rticleId=10495
            Now what about that LIBOR... interesting how the G20 meeting is before the settlement of the really ugly CDS'.

            Comment


            • #36
              Re: New (financial) World Order

              Originally posted by phirang View Post
              The chechens sure did...

              Lemme ask Imam Shamil...:eek:
              After action reports coming from the battlefield in South Ossettia indicate the Russians were the gang that could barely shoot straight;ie. Ancient technology, poor battle planning, dysfunctional command and control, a shocking amount of friendly fire incidents.

              If the battle had been US vs. Russia, it would have lasted all of 10 minutes, with Russian forces left behind as smoking holes.
              Greg

              Comment


              • #37
                Re: New (financial) World Order

                Originally posted by BiscayneSunrise View Post
                After action reports coming from the battlefield in South Ossettia indicate the Russians were the gang that could barely shoot straight;ie. Ancient technology, poor battle planning, dysfunctional command and control, a shocking amount of friendly fire incidents.

                If the battle had been US vs. Russia, it would have lasted all of 10 minutes, with Russian forces left behind as smoking holes.
                Chechnya is still a liability for Russia: Kadyrov is despised.

                CIA is planning a field day if Russia doesn't play nice with the G20.

                Comment


                • #38
                  Re: New (financial) World Order

                  Originally posted by BiscayneSunrise View Post
                  After action reports coming from the battlefield in South Ossettia indicate the Russians were the gang that could barely shoot straight;ie. Ancient technology, poor battle planning, dysfunctional command and control, a shocking amount of friendly fire incidents.

                  If the battle had been US vs. Russia, it would have lasted all of 10 minutes, with Russian forces left behind as smoking holes.
                  To BiscayneSunrise:
                  You are not exactly right about 10 minutes, 20-30 minutes this is about time when ICBMs from both sides hit each other. Do not forget it.

                  Why Russia is against missile system in Eastern Europe :confused:. Somebody someday could decide to go nuclear

                  Comment

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