[Gasshog]

bumpforlater

[Alberta's Child]

Interesting food for thought, but I don’t see this kind of scenario unfolding right now. Interest rates on U.S. government bonds are at or near historic LOWS right now (and the value of the U.S. dollar has been climbing steadily in recent months). Despite the cost of the $800 billion bailout and the fact that the U.S. government is effectively bankrupt, foreign investors see this country as a much better risk than any alternatives.

[Travis McGee]

Yet the Fed, the Treasury and the politicians continue to think that they can 'fix' the problem by throwing more money at it. They do not understand that they can't 'fix' this economic crisis. They also do not understand that it is their trying to 'fix' things in the past that has created the current situation." He says that Nikolai D Kondratieff, the tragic Russian economist of the early 20th century, has foreseen all of this before, and thus, "What we are dealing with is the wrath of Kondratieff Winter, which is about the purging of excess credit. Along with that comes deflation, and along with that global stock markets enter into extended declines. Real estate declines, economic growth slows, commodities decline, bankruptcies accelerate as the excess credit is purged from the system, the banking system is shaken, the free market is blamed and we move toward national fascist political tendencies." Ominously, he sums up with "We are now seeing each and every one of these symptoms of K-wave winter."

[rabscuttle385]

Ping!

[fightinJAG]

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