Post Sun Feb 19, 2012 1:04 pm

Re: TAE: we're still sinking with the Titanic

mcgowanjm wrote:Exactly Correct.

I remember to the day, because of several factors.

June 1982, the Stock Market exploded, for no good reason.
It took me up to the 2000 Crash and bushSelection to
figure out that the reason was

the Reagan Greenspan 1982 Commodities Act, which really had nothing to do with
Commodities, just the

LEGALIZATION of Debt Derivative Options like MBS CDO's that Roccman describes above.

$1.7 Quadrillion have now been brought into existence and they must all
be extinguished.


We don't know how much of this is mutually canceling bets, may resolve to nothing more than $17 trillion or even less. Nothing that can't be printed into existence. On CNN's GPS just now, host Fareed Zakaria proclaimed the immediate crisis in Europe has been solved thanks to Mario Draghi getting the ECB to create $500 billion in December and another $1 trillion in coming days, i.e. "print" into existence.
Vow to vanquish the venal and virulent vermin vanguarding vice and vouchsafing
the violently vicious and voracious violation of volition! (V For Vendetta)

SHIT SUCKS! MOVE ON! - Allissun