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It Is 1931. We Are Austria. If The Fed Doesn't Save Us Here Comes Another Great Depression...
TBI ^
| 11-9-2011
| Henry Blodget
Posted on 11/09/2011 3:27:31 PM PST by blam
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To: dfwgator
But I don't even speak Austrian. Just say " 'Ello, Mate!" a lot.
To: blam
Wow. It looks like it may hit the fan tomorrow when Italy tries to sell new bonds.
You’ve got to worry about what the Fed will do when Goldman Sachs and Morgan Stanley give them their new orders with unprecedented desperation.
On the brighter side, maybe a new Cain accuser will come forward and all this silly little financial stuff will just be pushed to the background.
To: San Jacinto
"Just say " 'Ello, Mate!" a lot." And put another shrimp on the barbie ...
klaus barbie, if you got one.
To: who_would_fardels_bear
Some people here need new eyeglasses.
Austrian — ie, “Sound of Music”, Hapsburg, Vienna, Mozart, etc.
Australian — Shrimp on the Barbie, Sidney Opera House, Fosters, Men at Work, etc.
The post says “Austria, 1931” which is a reference to a belief that a run on the banks in 1931 in Austria took the the world into Great Depression. Kinda like we think it started with the 1929 Stock Market crash.
To: BenKenobi
I knew it from day one... it could not survive the hate that the Europeans have for one another... PC just keeps them from talking about that gorilla in the room.
LLS
25
posted on
11/09/2011 4:30:02 PM PST
by
LibLieSlayer
("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
To: blam
“with Italian 10-years now well above 7 percent, were now in territory where all the vicious circles get into gear”
Yes and no.
If Italy was using their own currency, they’d be well on their way to a run on their central bank. They don’t though.
When (not if) America gets to that point, we’ll have a run on our currency. No one can back us up.
To: BenKenobi
27
posted on
11/09/2011 4:34:41 PM PST
by
blam
To: dfwgator
We'll be okay. Barrack speaks Austrian.
28
posted on
11/09/2011 4:36:12 PM PST
by
Shqipo
(I am AttackWatch parolee #1,237. I am breaking my parole once more.)
To: dfwgator
29
posted on
11/09/2011 4:50:55 PM PST
by
brivette
(lol!)
To: blam
If the fed does act I guaintee we will be in a very long depression!
If they stay out of it, it will be a much shorter depression.
30
posted on
11/09/2011 4:51:31 PM PST
by
dalereed
(uity wise!)
To: GeronL
They have created a situation for themselves for which there is no solution.
31
posted on
11/09/2011 5:03:21 PM PST
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: blam
"Yet as John Quiggin says in todays Times...." [insert spine tingling organ music]
What will John Quiggin say??? Tune in tomorrow, for.......As The EuroZone Burns!
(gotta love a post that ends with that sort of cliff hanger)
32
posted on
11/09/2011 5:09:08 PM PST
by
Windflier
(To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
To: Farmer Dean
I am almost certain they did it on purpose
33
posted on
11/09/2011 5:09:40 PM PST
by
GeronL
(The Right to Life came before the Right to Happiness)
To: dalereed
34
posted on
11/09/2011 5:10:38 PM PST
by
GeronL
(The Right to Life came before the Right to Happiness)
To: TWohlford
"Some people here need new eyeglasses." ...and some people need a better sense of the absurd.
To: GeronL
I don’t know if this is the beginning of the end,but if they can’t do something to arrest investor fears then things are going to get out of control very quickly.I think that the next two weeks will be critical.
36
posted on
11/09/2011 5:18:25 PM PST
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: Farmer Dean
throwing money at it is not helpful
37
posted on
11/09/2011 5:22:50 PM PST
by
GeronL
(The Right to Life came before the Right to Happiness)
To: GeronL
That would just further weaken this country,which may be the plan.
38
posted on
11/09/2011 5:26:05 PM PST
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: Leaning Right
The Federal Reserve needs to relieve the banks of the risks they took, and transfer that risk to the American taxpayer.Nothing the Fed does affects only taxpayers. The Fed exists for one reason -- and one reason, only. To print money.
The Fed will relieve banks of the risks they took, but the burden won't fall only on taxpayers. It will fall on anyone who holds dollars. Inflation, it's the real flat tax.
39
posted on
11/09/2011 5:40:54 PM PST
by
BfloGuy
(Even the opponents of Socialism are dominated by socialist ideas.)
To: blam
"The Federal Reserve needs to buy up every single European bond owned by every single American financial institution..."
Some quotes from the words of George Washington:
"Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest, humor or caprice?"
"Nothing is more essential, than that permanent, inveterate antipathies against particular Nations, and passionate attachments for others, should be excluded...The Nation, which indulges towards another an habitual hatred, or an habitual fondness, is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest."
Few men have virtue to withstand the highest bidder.
Go away, and shut up, Henry Blodget.
40
posted on
11/09/2011 5:53:14 PM PST
by
familyop
(We Baby Boomers are croaking in a noisy avalanche of rotten politics smelled around the earth.)
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