Comments on: Worst of financial crisis yet to come: IMF chief economist http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/ Because there's a war on for your mind. Tue, 24 Nov 2009 18:19:13 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Blunt Force Trauma http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634818 Blunt Force Trauma Mon, 24 Nov 2008 17:41:35 +0000 http://www.infowars.com/?p=6149#comment-634818 Reposting this under anything financial. WARNING: Obama's economic gang - Fasten your belt http://www.thecatsdream.com/blog/2008/11/warning-obamas-economic-gang-fasten.htm Reposting this under anything financial.

WARNING: Obama’s economic gang – Fasten your belt

http://www.thecatsdream.com/bl.....fasten.htm

]]> By: George Washington http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634766 George Washington Mon, 24 Nov 2008 17:02:36 +0000 http://www.infowars.com/?p=6149#comment-634766 Per comment #23 machinehead61 - Very well stated. "History is prologue: Learn the lessons of history." These discussion forums are always far more useful when participants bring historical, legal and relevant FACTS to the table so we can all be better informed and better armed with the truth. It is important that historical relevant facts and the truth be REPEATED OVER, AND OVER AND OVER AGAIN - the same tool evil uses to deceive people (repeating a lie over, and over until it becomes "truth" to the deceived - i.e. the govt's 9/11 conspiracy theory fable, OKC 'lone bomber/one bomb fable, etc. etc) I'll save your historical recitation for future reference and refreshment. Thanks for speaking up, machinehead61. Per comment #23 machinehead61 – Very well stated. “History is prologue: Learn the lessons of history.”

These discussion forums are always far more useful when participants bring historical, legal and relevant FACTS to the table so we can all be better informed and better armed with the truth.

It is important that historical relevant facts and the truth be REPEATED OVER, AND OVER AND OVER AGAIN – the same tool evil uses to deceive people (repeating a lie over, and over until it becomes “truth” to the deceived – i.e. the govt’s 9/11 conspiracy theory fable, OKC ‘lone bomber/one bomb fable, etc. etc)

I’ll save your historical recitation for future reference and refreshment. Thanks for speaking up, machinehead61.

]]> By: Douglas http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634705 Douglas Mon, 24 Nov 2008 16:07:21 +0000 http://www.infowars.com/?p=6149#comment-634705 Bloomberg reports that: "The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago." Bloomberg reports that: “The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.”

]]> By: Justice http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634662 Justice Mon, 24 Nov 2008 15:11:42 +0000 http://www.infowars.com/?p=6149#comment-634662 Who cares? We need this culling for the evil to be flushed from our system of finance. However, with a corrupt government or should we say people; what do we expect? What we deserve is obvious-- is it not? Who cares? We need this culling for the evil to be flushed from our system of finance. However, with a corrupt government or should we say people; what do we expect? What we deserve is obvious– is it not?

]]> By: machinehead61 http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634655 machinehead61 Mon, 24 Nov 2008 14:57:33 +0000 http://www.infowars.com/?p=6149#comment-634655 This problem is the same problem that has plagued capitalist economies since the dawn of the industrial revolution. 99% of the people who post here are not economist and don't appear to have taken the time to understand economics nor economic history. In my opinion, yes the situation will get worse with or without bank bailouts, auto bailouts, etc. because the problem is not there. The problem is consumer debt. Why are the consumers in debt? The same reason that they have always been in debt. From the financial crises of 1783-89, to the depressions of 1807-14, 1837-44, 1873-79, 1893-98, 1929-41, it is the same pattern. Over production/under consumption. The Federal Reserve System does make the situation worse by loaning all currency into circulation instead of having the government spend the currency into circulation, but even changing that would not solve the fundamental problem of capitalism and the transfer of wealth from labor to the wealthy few capitalists. The effect is that labor can't afford to consume its own output of goods and services that have been inflated to produce profit for the owners of capital. Labor, underpaid, must borrow to consume its own output. It effectively must borrow from capital; that is where the profit went. The present situation has been magnified due to the creativity of the banking system to allow labor to take on far more debt without collapsing under the burden of interest payments. But the effect was only to delay the inevitable collapse and to deepen the debt level. In the past, we postponed these cycles by exporting our excess production to foreign markets, creating debt in those nations. But that also only delayed the cycle. Are the stores empty? Are the car lots empty? Are there too few homes for sale? No, they are full and wages were paid to fill those stores, those car lots, to build those homes. But the wages weren't enough to purchase back that output. Steve This problem is the same problem that has plagued capitalist economies since the dawn of the industrial revolution.

99% of the people who post here are not economist and don’t appear to have taken the time to understand economics nor economic history.

In my opinion, yes the situation will get worse with or without bank bailouts, auto bailouts, etc. because the problem is not there.

The problem is consumer debt.

Why are the consumers in debt?

The same reason that they have always been in debt.

From the financial crises of 1783-89, to the depressions of 1807-14, 1837-44, 1873-79, 1893-98, 1929-41, it is the same pattern.

Over production/under consumption.

The Federal Reserve System does make the situation worse by loaning all currency into circulation instead of having the government spend the currency into circulation, but even changing that would not solve the fundamental problem of capitalism and the transfer of wealth from labor to the wealthy few capitalists.

The effect is that labor can’t afford to consume its own output of goods and services that have been inflated to produce profit for the owners of capital.

Labor, underpaid, must borrow to consume its own output. It effectively must borrow from capital; that is where the profit went.

The present situation has been magnified due to the creativity of the banking system to allow labor to take on far more debt without collapsing under the burden of interest payments. But the effect was only to delay the inevitable collapse and to deepen the debt level.

In the past, we postponed these cycles by exporting our excess production to foreign markets, creating debt in those nations. But that also only delayed the cycle.

Are the stores empty?

Are the car lots empty?

Are there too few homes for sale?

No, they are full and wages were paid to fill those stores, those car lots, to build those homes.

But the wages weren’t enough to purchase back that output.

Steve

]]> By: INTEGRATOR http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634585 INTEGRATOR Mon, 24 Nov 2008 12:37:22 +0000 http://www.infowars.com/?p=6149#comment-634585 END THE FED AND THE IMF WILL FALL. http://www.ipetitions.com/petition/AFTF_P_1/?e END THE FED AND THE IMF WILL FALL.

http://www.ipetitions.com/petition/AFTF_P_1/?e

]]> By: Russel http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634582 Russel Mon, 24 Nov 2008 12:30:36 +0000 http://www.infowars.com/?p=6149#comment-634582 The banks need to be bailed,otherwise complete mayhem will exist in the banking industry. If that happens America is in serious trouble. The govt is doing the right thing . The banks need to be bailed,otherwise complete mayhem will exist in the banking industry.
If that happens America is in serious trouble.
The govt is doing the right thing .

]]> By: AndyBsmoke http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634578 AndyBsmoke Mon, 24 Nov 2008 12:16:37 +0000 http://www.infowars.com/?p=6149#comment-634578 First, Why wouldn't you simply print more than one copy of some money with the same serial no. on it and spread them out amongst the world's banks, I would have by now... Second, this whole thing was caused by people who were supposedly being paid to check 3 Credit reports,'Fico score' or whatever before approving someone for a loan,.. that was their Job, right. Some people should be going to jail and sued for compensation of the bailout cash. Little fish will lead to bigger. It seems to me that the more money they shoveled out the bigger Someone's bonuses were, gee maybe those folks should be chatted with huh etc... First, Why wouldn’t you simply print more than one copy of some money with the same serial no. on it and spread them out amongst the world’s banks, I would have by now… Second, this whole thing was caused by people who were supposedly being paid to check 3 Credit reports,’Fico score’ or whatever before approving someone for a loan,.. that was their Job, right. Some people should be going to jail and sued for compensation of the bailout cash. Little fish will lead to bigger. It seems to me that the more money they shoveled out the bigger Someone’s bonuses were, gee maybe those folks should be chatted with huh etc…

]]> By: 44like24 http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634494 44like24 Mon, 24 Nov 2008 06:49:09 +0000 http://www.infowars.com/?p=6149#comment-634494 Hold onto your hats folks...Citigroup is being bailed out to the tune of 300 Billion!!! Where in the hell are they gonna get it from when they have already commited half of the 700 Billion and stated that the other half was for Obama to decide? Looks like the printing presses are gonna have to work overtime to continue printing more money, which will only destroy the US Dollar much more quicker than anyone anticipated. GO BUY GOLD NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Hold onto your hats folks…Citigroup is being bailed out to the tune of 300 Billion!!! Where in the hell are they gonna get it from when they have already commited half of the 700 Billion and stated that the other half was for Obama to decide? Looks like the printing presses are gonna have to work overtime to continue printing more money, which will only destroy the US Dollar much more quicker than anyone anticipated. GO BUY GOLD NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

]]> By: USAINFOSCOUT http://www.infowars.com/worst-of-financial-crisis-yet-to-come-imf-chief-economist/comment-page-1/#comment-634451 USAINFOSCOUT Mon, 24 Nov 2008 05:35:08 +0000 http://www.infowars.com/?p=6149#comment-634451 ~WHERES THE GOLD AT! a humorous yet educational anti NWO video is out...can you spot the leprechaun??? http://www.youtube.com/watch?v=3_8Cc_eWpAI ~WHERES THE GOLD AT! a humorous yet educational anti NWO video is out…can you spot the leprechaun???

http://www.youtube.com/watch?v=3_8Cc_eWpAI

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