The debt fueled bubble and the recession that followed

[danielpaul571]

The debt fueled bubble and the recession that followed what is this. I am new to this site.

[prasen9]

Maybe by now you have caught up on the 35 pages of stuff on this and know what this is?

[kujo]

Quantitative Easing - part II Halloween edition
http://www.bloomberg.com/video/63591216/

Free money everyone! yipee!!

It is not over by any stretch of imagination. After all, all good things come in threes right?! QE Trilogy anyone?. Gold is your safe bet.

cheers
kujo

GLD
$136 Nov 4, 2010
$183 Sep 6, 2011
34.5% appreciation

Damn, I should have followed my own advice!

[gbelday]

What's the next safe bet? see anything in your crystal ball, kujo?

[arjun2761]

I thing a lot of folks are still positive on gold (and GLD) in the LT, i.e., they are looking to buy on pull backs....

[Peter]

Purposely took a hiatus from this thread. It has been eerily quiet.

Enforce the laws for the 99%
Very thankful to have Dylan Ratigan in the mainstream media.

The bank accounting bs continues. ML, JPM, Citi, B of A.

[jayakris]

But those who would die for that 1% (which may be a surprising 25% of the people in the US) do not consider Dylan Ratigan to be in the mainstream media, right? Jay

[Peter]

Jay, need clarification on your comment about the 25%.

The mainstream US media (CNN, CNBC) has aligned with the government and the WS cartel. But there are exceptions such as Dylan and Bill Black who speak the truth.

#OWS is class warfare intensified. The millenials are feeling the pain of the 30 year debt gorge. For those of us that have followed this thread closely, none of this would be a surprise.

Bernanke covertly spent $16 T (more than the total yearly US GDP) trying to save the banks. They are all insolvent anyway. In a speech yesterday, he claimed credit (no pun intended) for subduing inflation (unintended consequence) and saving the banks (where is that in the fed's mandate?). He has been jittery in his testimonies to the Congress. Are the genuine masters feeling the heat yet?

Bring it on! Let it all implode. We owe it to our future generations.

[prasen9]

I am more confused than ever. Is there a solution (as in laws that need to be passed)?

[Peter]

I am more confused than ever. Is there a solution (as in laws that need to be passed)?

Let me give that a whirl. It will upset the pundits, because their status quo will be gone.

1) End the Fed. Let the market set interest rates
2) Let all the insolvent banks fail (as Lehman did). Why are they allowed to use MtoM on debt, but not on their assets?
3( Create an infrastructure bank, and lend directly to small businesses (see Dylan's video i posted earlier today)
4) Set term limits in Congress

Would be a start.

[prasen9]

Regarding letting insolvent banks fail, in some cases, the government made money by lending TARP funds. In some cases the government lost. Could we have identified those cases where money would most likely have been made? And, invested only in them? For example, I think the government made money by lending to the auto companies. That was a wise decision. Saved jobs, made money.

I also think there must be some cap so that we do not have too-big-to-fail banks.

[Peter]

Krugman hits a home run.

First time i agree with him completely. Clearly strikes a nerve with #OWS at Zuccotti Park and hundreds of locations around the country.

He also lauds Iceland (which in retrospect did all the right things) and mentions Inside Job. This movie is stunning, heartening, uplifting (for bringing out the truth) and agonizing (for the banking scoundrels holding the country to ransom) all at once. It starts out with Iceland. It got a well deserved Oscar and is a highly recommended history lesson.

[Peter]

Roubini: There's only one thing that will stop the upcoming disaster in Europe

(ECB becoming the lender of last resort. Similar pleas from renowned economists for the US Fed to do the same. Oh, wait..)

This comment touched a nerve.
Nouriel, per usual, has it right. There's one omission though...

Does anyone really have confidence that this group of 17 leaders, all with their own country's welfare foremost in mind, will be able to agree to radically change the mandate of the ECB, after not having been able to agree on anything for two years, hence the current crisis???

Goodbye Eurozone.

Let your banks fail. Let you financial system collapse. Let the Eurozone disintegrate organically. Then rebuild.

Do not continue to choke your economies via taxpayer funded recapitalization and sovereign bailout and austerity measures that will cause increased public uprising.

Just. Let. Go.

[Peter]

Capitalism without bankruptcy is like Christianity without hell says famed hedge fund manager Kyle Bass.

Here's the most excellent interview.

[jayakris]

I like that quote! Jay