OT....Is Alaska the answer to our oil problem - Page 5

And you don't believe google keeps track of you?

Uglydog,

Oh, STUPID with a "U".  That makes much more sense.  I just figured you were throwing out some of that Public Ivy university jargon that the huddled masses don't know or understand.  But, personal attacks?  Now I remember why I stopped doing pro bono work.

American financial fiasco could take down world economy

Triple warnings this past week: the Royal Bank of Scotland fears a steep fall in the world stock market; the bank of all banks in the world, the BIS, Bank of International Settlements, in Switzerland, said that a worldwide depression is now a distinct possibility; Morgan Stanley, a leading US Investment firm, signaled similar pessimistic messages.

So what's happening out there? Frankly, all financial institutions are in deep trouble, and the reason is the American dollar. The situation is so dire that it's not going to make a hoot of difference who becomes the next president of the United States: it's beyond the power of the rulers of the American political and economic system to curtail severe damage to its entire economic enterprise. Neither Obama nor McCain can do anything to stem the disaster that will be fully employed by the end of this year.

Part of the cause is that the USA happens to be the most indebted nation on the planet and its people the least prepared to cope with peak oil and peak food.?

The world's entire GDP is some $50 trillion, of which the USA accounts for about $13 trillion. However, it owes more than $2 trillion to foreigners, of which Japan and China carry about half. The US public carries $9 trillion in credit-card debt and even more in mortgages. Its national debt is close to $10 trillion while its Social Security and Medicaid has a future liability in excess of $50 trillion, burdening the average USA household with debt totaling more than $600,000.

And then there are the outstanding derivatives! They grew from $100 trillion 5 years ago to $500 trillion in 2007. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." Now, when everything that can go wrong is going wrong, this financial WMD, this weapon of mass destruction, is no longer latent but out in the open ready to kill the US economy.

According to the LEAP think tank, based in Europe -- subscriptions cost 200 Euro or $300 per year -- in the next six months all factors affecting the economy will converge, and create a perfect socio-economic hurricane. The root of the problem is always money, basically the US dollar of which there are trillions too many in circulations, so many that its value is decreasing, and the world doesn't know what to do with them. It's this flood of money that drives up the price of all commodities, including oil, of course. Nobody wants more US dollars, unless its value increases.

But that can only happen when the US pushes up interest rates, which will cause the US economy to die within a few weeks, as the real estate market falls to zero by lack of affordable credit, interest on Adjustable Rate Mortgage loans skyrockets, drastically shrinking consumption, and corporate failures multiply exponentially and stock markets collapse.

No, higher interest rates are not the solution. However, to do nothing is not an option either, because soon nobody will accept U. S. dollars anymore. Basically the US has lost the ability to govern its own economic policy. Thanks to its trillions of debts, it is now powerless to avoid disaster. No wonder banks are getting nervous.

The consequence of America's economic collapse will be the end of the war in Iraq, because, suddenly, as the greenback disappears as the world currency, the US will be forced to live within its means. Since the war is the most costly of all its undertakings, the troops will abruptly go home. Curiously the WMDs -- the weapons of mass destruction -- were not in Iraq: they are in the heart of America, right on Wall Street. Pity the veterans and the wounded; there will be no money to look after them -- no pensions, no jobs, no medical care.  Eventually a new financial sy

horoceo =  whore CEO = fucks over all his employees so he can bring home the bacon! Of course whoreceo here is among the Elite and deserves it more than us average people!

Plus if you had half a brain you would have stayed away from getting involved in this post.....

big dummy!

LMAO...   we take care of our own, aint that right ?

Ya bid dummy !! 

ROTFLMAO...

Too funny!

Desertrangers,

It's obvious to me after that dazzling display of word play in your last post that I have nothing in my intellectual arsenal that can compete with your mental acumen. And you don't even claim to have gone to a Public Ivy university! Sometimes I just can't help sticking my big, Jew sized nose where it doesn't belong.

Warmest Regards,

Hey Horoceo...

Ever see these Headlines?

SAD PLIGHT OF JEWS, FELIX M. WARBURG TELLS

Felix M. Warburg Says Jews Were the Worst Sufferers in WW1

New York Times
9/29/1919 pg 7

'The successive blows of contending armies have all but broken the back of European Jewry,' he said, and have reduced to tragically unbelievable poverty, starvation and disease about 6,000,000 Souls, or Half the Jewish population of the earth.

'The Jewish people throughout Eastern Europe have suffered more from the war than any other element of the population.'

"Germany is too strong. We must destroy her." - Winston Churchill, Nov. 1936.

"Judea Declares War On Germany!
Jews of all the World Unite! Boycott of German Goods!
- London Daily Express Headline March 24, 1933


"Hitler will have No war, but we will force it on him, not this year, but soon"
- Emil Ludwig Cohn Les Annales, June, 1934 "The New Holy Alliance"


"We Jews are going to bring a war on Germany."
- David A. Brown, National Chairman, United Jewish Campaign, 1934 (quote "I Testify Against The Jews" by Robert Edward Edmondson, page 188 "The Jewish War of Survival" by Arnold Leese, page 52)

"We entered the war of our own free will, without ourselves being directly assaulted." - Winston Churchill, Guild Hall Speech, July 1943.

"The war was not just a matter of the elimination of Fascism in Germany, but rather of obtaining German sales markets." - Winston Churchill. March, 1946.

No problem whore. You da MAN!

Desertranger,

Nah, that's way too easy, and we really don't want to go down the "yo mama is..." road.

I'm da MAN!