http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/ Keeping a jaundiced eye on the corporate media. Thu, 04 Dec 2008 00:04:16 +0000 http://wordpress.org/?v=2.6 http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138135 Jay Tue, 11 Mar 2008 02:39:59 +0000 http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138135 The nice thing about this is that although working people have been getting shafted since before Ronald Reagan, this crisis is so big and so wide that it's going to actually touch the people who used to be able to float away on the first-class lifeboats. When you think about it, there's no place they can go and no place they can put their money without losing it. A lot of the signs point to a systematic ravishing of the equities market, (read: huge stock market drop), then an eventual collapse of the commodities market--gold, oil, wheat, etc. If that happens, the value of the dollar will actually go up instead of down, prices of everything collapses, and that spells deflation. In a deflationary economy, the value of a dollar goes up instead of down, so cash is king, but debts and their inflationary interest rates don't go down. And no one wants to lend to refinance these debts--they'd lose money. Witness the interest rates for credit cards and mortgages--they're actually going up, even though the banks' costs to make those loans from the Fed, are actually going down with each of Bernanke's rate cuts. They're basically squeezing consumers at the exact worst time. Internationally, it would cause a cascade of economic problems compounding whatever local systemic problems already exist. If you're an investor, under these conditions, Paraguay doesn't look too hot. But it does if you're a war criminal! The nice thing about this is that although working people have been getting shafted since before Ronald Reagan, this crisis is so big and so wide that it’s going to actually touch the people who used to be able to float away on the first-class lifeboats. When you think about it, there’s no place they can go and no place they can put their money without losing it. A lot of the signs point to a systematic ravishing of the equities market, (read: huge stock market drop), then an eventual collapse of the commodities market–gold, oil, wheat, etc. If that happens, the value of the dollar will actually go up instead of down, prices of everything collapses, and that spells deflation. In a deflationary economy, the value of a dollar goes up instead of down, so cash is king, but debts and their inflationary interest rates don’t go down. And no one wants to lend to refinance these debts–they’d lose money. Witness the interest rates for credit cards and mortgages–they’re actually going up, even though the banks’ costs to make those loans from the Fed, are actually going down with each of Bernanke’s rate cuts. They’re basically squeezing consumers at the exact worst time. Internationally, it would cause a cascade of economic problems compounding whatever local systemic problems already exist. If you’re an investor, under these conditions, Paraguay doesn’t look too hot. But it does if you’re a war criminal!

]]> http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138130 Izquierdo Tue, 11 Mar 2008 01:49:02 +0000 http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138130 Hey, Dubya only brought that rancho the size of Rhode Island so he could clear some brush. Hey, Dubya only brought that rancho the size
of Rhode Island so he could clear some brush.

]]> http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138129 Ron Tue, 11 Mar 2008 01:04:18 +0000 http://susiemadrak.com/2008/03/10/19/55/the-face-slap-theory/#comment-138129 Billionaires are gonna be fleeing the country en masse, when it comes time to pay the piper here. They've looted America, ruined the country financially and morally and now they're gonna take a powder as the public is faced with massive depression as a result of their insane policies. Anyone think the Bush's Paraguayan rancho is a conspiracy theory anymore? Billionaires are gonna be fleeing the country en masse, when it comes time to pay the piper here. They’ve looted America, ruined the country financially and morally and now they’re gonna take a powder as the public is faced with massive depression as a result of their insane policies. Anyone think the Bush’s Paraguayan rancho is a conspiracy theory anymore?

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