The Great Depression II

Cassandra Syndrome

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Credit driven economies are dependent on a constant expansion in the flow of credit and payment of debt. Both sides of the ledger are collapsing in the US and elsewhere. The numbers are in and they don't look good. All this monetary stimulus and M3 money supply is still shrinking. I thought Economics is a Zero sum game.

Money figures show there's trouble ahead - Telegraph
 


jimmyfour

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Credit driven economies are dependent on a constant expansion in the flow of credit and payment of debt. Both sides of the ledger are collapsing in the US and elsewhere. The numbers are in and they don't look good. All this monetary stimulus and M3 money supply is still shrinking. I thought Economics is a Zero sum game.

Money figures show there's trouble ahead - Telegraph
(I seem to be following your posts around!)

Al Martin reported years and years back (aroudn 02 or '03) that the US Fed stopped regularly reporting the M3 money supply they way they used to. Whether this current event of the consequences of that were intended or not, will be played out on whether the new economic world order that G20 are making relied on such actions at the end of the dot-com boom.
 

mryoungdan

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Disregard most of what you read with regard the US. It is not improving. The grind down continues. The consumer has very little spending power.
 

atlantic

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Dan could ya fills us in on these reverse repo yokes the Helicopter Bernanke is flapping on about?
Disregard most of what you read with regard the US. It is not improving. The grind down continues. The consumer has very little spending power.
 

netron

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Gold is now bouncing around the $1000 an ounce mark for the past few weeks.

if Gold breaches the $1100 mark, that'll be a breakout for the price and it will head northwards to $1500 or higher.

when that happens , then yes you can declare the Great Depression Part 2.
 

atlantic

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The auld green back is now the carry trade currency,so it could get interesting.I thought the IMF where going to sell off more of the lovely yellow metal.I believe the Chinese were ready to bounce at the G20,but no word yet .
Gold is now bouncing around the $1000 an ounce mark for the past few weeks.

if Gold breaches the $1100 mark, that'll be a breakout for the price and it will head northwards to $1500 or higher.

when that happens , then yes you can declare the Great Depression Part 2.
 

atlantic

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mryoungdan

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Dan could ya fills us in on these reverse repo yokes the Helicopter Bernanke is flapping on about?
I will have to look into the mechanics of this to make sure we are talking about the same thing. The Federal Reserve is paying interest on funds the banks have deposited with is.

This is raising some hackles as some are saying that it is deliberately making things worse because why should the banks lend elsewhere at risk.

A lot of people think the depression is deliberate and it has merit.

It is hard to convince me that the destruction of the dollar is not deliberate to bring in the global currency.

What other explaination would there be for boondoggles like 4 billion cash for clunkers. It is not the 4 billion itself but the absurdity of the idea, how could any currency survive politicians who would waste mone on such nonsense.

Believe what you like but at least believe your eyes. The US and indeed Ireland are having their living standards lowered to 3rd world status
 

atlantic

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People in Ireland don't want to believe in that they think Santa Claus government is going to sort everything out(with no mula to calm the sheepole) if not FF ,it will be Enda and his little bunch of elves.Ya know like yer man in the US "yes we can" ,gas isn't it if wasn't so true.
The reverse repo has something to do with the primary dealers and the Fed ,after that I leave the rest up to you ,ya would have a better handle .
I will have to look into the mechanics of this to make sure we are talking about the same thing. The Federal Reserve is paying interest on funds the banks have deposited with is.

This is raising some hackles as some are saying that it is deliberately making things worse because why should the banks lend elsewhere at risk.

A lot of people think the depression is deliberate and it has merit.

It is hard to convince me that the destruction of the dollar is not deliberate to bring in the global currency.

What other explaination would there be for boondoggles like 4 billion cash for clunkers. It is not the 4 billion itself but the absurdity of the idea, how could any currency survive politicians who would waste mone on such nonsense.

Believe what you like but at least believe your eyes. The US and indeed Ireland are having their living standards lowered to 3rd world status
 

rhonda15

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[ame="http://www.youtube.com/watch?v=cAxzcvOsp3U"]YouTube - pt 1/2 Marc Faber on bloomberg 23 Sept 2009[/ame]
 

Cassandra Syndrome

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(I seem to be following your posts around!)

Al Martin reported years and years back (aroudn 02 or '03) that the US Fed stopped regularly reporting the M3 money supply they way they used to. Whether this current event of the consequences of that were intended or not, will be played out on whether the new economic world order that G20 are making relied on such actions at the end of the dot-com boom.
No probs Jimmy (as he keeps looking behind nervously!).

Yeah the Feds don't publish that data, which is shocking. The St Louis Monetary Base from 2006 don't give out the info that they used to. M3 fmoney supply for some reason is blotted. M1 and M2 get analysed. Good report though from them here. Some nice graphs.

http://research.stlouisfed.org/publications/mt/20091001/mtpub.pdf


The spike in this graph is chilling

St. Louis Fed: Series: BOGAMBNS, Board of Governors Monetary Base, Adjusted for Changes in Reserve Requirements
 

rhonda15

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[ame="http://www.youtube.com/watch?v=JfN28GpTVX8"]YouTube - On The Edge With Max Keiser /09/ 25 /2009/ Part1[/ame]

[ame="http://www.youtube.com/watch?v=ilqCO_C8lGU&feature="]YouTube - On The Edge With Max Keiser/ 09/ 25 /2009 /Part2[/ame]

[ame="http://www.youtube.com/watch?v=mTYUQH2FLKs"]YouTube - On The Edge With Max Keiser /09 /25/ 2009/ Part3[/ame]
 

atlantic

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It's gas these are the guys that called the meltdown and no governments are now listening to them,they are listening to the same clowns that never seen it coming.
Bloody hell. Highly recommended viewing. And visit the site.
 
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Anyone notice that all this is heading towards the infamous year "2012"?

Maybe Nostradamus was right?
 

atlantic

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Why what did he reckon? Read a bit of the stuff years ago put can't remember jack.
Anyone notice that all this is heading towards the infamous year "2012"?

Maybe Nostradamus was right?
 

cactusflower

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Disregard most of what you read with regard the US. It is not improving. The grind down continues. The consumer has very little spending power.
The reason to drive the dollar down is that it reduces the burden of debt repayment of the enormous US national debt and makes it harder to import and easier to export. It used to be called "beggar my neighbour", because its a form of protectionism.
 

atlantic

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Problem Cactus ,the US imports vast amounts thatfactories and ordinary joe/jane uses on a daily basis,so things will get inflated and the little person ends poorer and poorer.
Beggar thy neighbour and rob thy citizen.
The reason to drive the dollar down is that it reduces the burden of debt repayment of the enormous US national debt and makes it harder to import and easier to export. It used to be called "beggar my neighbour", because its a form of protectionism.
 


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