Best Of The Best Share Discussion Threads

[traderabc] 21/3/2010 15:21

'This is mathematical PROOF that debt saturation has occurred. Continuing to add debt into a saturated system, where all money is debt, leads only to future defaults and to higher unemployment.'




The author is claiming that the present monetary system is unsustainable and has to end with economic collapse, personally I'm inclined to agree.
A problem of too much debt cannot be fixed with more debt. That's what 'they' (central bankers) are trying to do and it ought to end in complete economic failure within the next decade if no real 'change' is enacted, (don't hold your breath)

[juju43] 21/3/2010 15:02

what does the chart mean ?

[spec124] 21/3/2010 15:00

take care that last link posted a bug on my laptop

[traderabc] 21/3/2010 14:41

What do you mean juju43?

[juju43] 21/3/2010 14:34

can you explain for someone looking at failure

[traderabc] 21/3/2010 14:29

THE Most Important Chart of the CENTURY
The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that does not consider this non-linear relationship of DEBT and phase transition is destined to fail.

[traderabc] 21/3/2010 13:22

March 17, 2010
The Offshored Economy

By Paul Craig Roberts

In the 20th century, Detroit, Mich., symbolized American industrial might. Today it symbolizes the offshored economy.

Detroit’s population has declined by half. A quarter of the city—35 square miles—is desolate with only a few houses still standing on largely abandoned streets. If the local government can get the money from Washington, urban planners are going to shrink the city and establish rural areas or green zones where neighborhoods used to be.

President Obama and economists provide platitudes about recovery. But how does an economy recover when its economic leaders have spent more than a decade moving high productivity, high value-added middle class jobs offshore along with the Gross Domestic Product associated with them?

[traderabc] 20/3/2010 23:37

Martin Armstrong Writes From Solitary Confinement: "We Are Entering Phase II Of The Debt Crisis"
Henry Blodget | Mar. 20, 2010, 8:32 AM



Image: www.lewrockwell.com

Martin Armstrong: Wild Inflation Coming, New Highs For Gold And The Dow

Meet The Doomsayers Who Just Won't Give Up

Philosopher Martin Armstrong, already in jail, has apparently been thrown in solitary confinement for distributing manifestos.


Below, via Zero Hedge, is what purports to be Martin's latest handwritten solution to our economic crisis, apparently smuggled out of prison.

[apdi71] 20/3/2010 20:20

Just in case anyone missed it, here's a link to the Keynes-Hayek Rap (and lyrics) that received close to a million you tube hits:

[philo124] 20/3/2010 09:56

POST 1325 VERY GOOD, imo.

[machiavellianindian] 20/3/2010 09:19

ps MUHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[cat] 20/3/2010 09:15

just had junk mail from the legendary snake oil salesman Vince Stanzione with Jim Rogers and Marc Faber talking.
Tars them all with the same brush I'm afraid.
No better than any of us on this BB except they charge money for thier views.
Rogers got lucky tailcoating many years ago and has since continued to promote himself as successful.
Spivs, Tipsters, Cowboys....yee hah.

[traderabc] 20/3/2010 08:43

'I'm so bored, I want to scream'

Jihad Jane



On the Edge with Max Keiser – And Scott Baker – 19 March 2010
March 19th, 2010 by stacyherbert

Stacy Summary: Guest is Scott Baker, Senior Editor of OpEdNews.

[traderabc] 19/3/2010 23:10

Martin A. Armstrong
From Wikipedia, the free encyclopedia

As a teenager, Armstrong worked at a rare stamp and coin dealership and became a millionaire at age 15. Then he opened his own store at age 21. After studying historical gold prices, he developed a cyclical theory of commodity prices and began a company, Economic Consultants of Princeton.[2] The Commodity Futures Trading Commission filed multiple complaints about this company, finding that it failed to maintain adequate records, misstated performance results, and was not properly registered.[3] During this time, Armstrong continued to collect gold and antiquities which would later become a major bone of contention with the New York State justice system.

Armstrong was a frequent contributor to academic journals and was often sought for comment on financial topics.[3] As an investor, he proved that his market timing approach predicted both the high-water mark of the Nikkei in 1989, months ahead of time, and also the July 20, 1998, high in the U.S. equities market.

[traderabc] 19/3/2010 22:39

”Debts will never be paid and interest expenditures are the greatest transfer of wealth in history. This is causing rising taxes in all areas from Europe to the US suppressing economic activity, fueling higher unemployment and civil unrest.” ~ Martin Armstrong; March 9th, 2010

[traderabc] 19/3/2010 21:46

Paul Krugman Versus Reality

Peter Schiff
Mar 19, 2010

In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back.

[traderabc] 18/3/2010 23:29

Marc Faber: We Have a New Gold Standard
Published: Thursday, 18 Mar 2010 | 5:53 AM ET
Text Size
By: Antonia Oprita
Web Producer, CNBC.com

The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of "The Gloom, Boom and Doom Report," told CNBC Thursday.


Gold Bars
AP

"I think we already have now a gold standard ... created by the market place," Faber told "Squawk Box Europe."

"We have the (exchange traded funds) that have proliferated and we have more and more physical buying of gold," he said.

Between 2001 and 2008, gold outperformed bonds and stocks, but starting with 2009 stocks outperformed, which means investors must own gold because generally retail investors cannot move in and out of different assets like institutional investors, Faber said.

[hardassets57] 18/3/2010 17:54

Jim Rogers: Buys English Breakfast, sells £GPB.......eats CNBC!

[traderabc] 17/3/2010 21:17

Jim Rogers Sizes Up Two Global Bubbles
Published: Wednesday, 17 Mar 2010 | 7:40 AM ET
Text Size
By: Antonia Oprita
Web Producer, CNBC.com

The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.

[traderabc] 17/3/2010 21:05

Wednesday, March 17, 2010
Jim Rogers : Another Recession Coming CNBC 17 Mar. 2010


"they are printing money as fast as they can that money got to go some where and it ends up in the stocks not only in US but in the west ,
"We're going to have another recession, I guarantee you... By 2012 say, it's time for another recession," Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday. "The next time it's going to be worse because we've shot all of our bullets," he added.
The Chinese renminbi may replace other currencies in 20 years, but it is "absurd" to think of this now, as it is still a controlled currency, he said."There are two bubbles in the world: one is in Treasurys, the other is in urban and coastal real estate in China," Rogers also told CNBC