Guest Post: Currency Wars - Misguided US Economic Policy

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Sat, 10/16/2010 - 12:53 | 655184 kaiserhoff
kaiserhoff's picture

This is some measure of their desperation.

Sat, 10/16/2010 - 12:52 | 655185 37FullHedge
37FullHedge's picture

The Bottom line, The US UK  EU are living beyond their means and the market is doing its job to correct this, A Long way to go.

Sat, 10/16/2010 - 14:36 | 655319 caconhma
caconhma's picture

37Full,

You are perfectly correct. The US UK  EU were/are living beyond their means for too long. This is coming to the end.

The present situation is very simple:

  1. The West (US, UK, and EU) cannot any more continue its colonial and neo-colonial policies any more. GWB handlers and UK has engineered "the war on terror" activities  to regain and solidify their neo-colonial status following the Soviet collapse. However, it did not work. The West bogged down in Iraq, Afghanistan, Pakistan, Somalia, Yemen, etc., At the same time, China, India, and Brazil substantially improved their geopolitical standing and capabilities (specifically, China military capabilities). The West cannot impose its rules by its military might anymore. Period.
  2. The West is not self-sufficient. It cannot function without international trade. The West has lost its competitive advantages due to near-sighted transfer of its technology & know-how and due to a huge disparity of labor cost. Either labor cost must hugely increase in China, India, Russia (it is out of question) or the West labor cost and standards of living must go substantially down (the only available solution).
  3. The FED do understand this. By debasement of the US$, the FED is trying to improve US competitive standing. Unfortunately, the FED is to incompetent and lost tough with the reality. Just debasing US$ will not work since US legal and political system as well as its economy cannot successfully function in the present lawless and anti-business environment.
  4. Presently, there is nothing on a horizon for any optimism.
Sat, 10/16/2010 - 14:57 | 655361 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

I just love your GWB handlers comment. Obama has no handlers?

Without fraudulent, illegal, campaign donations generated and funneled through George's 527 c 's Obama would still be cruising for sex at the YMCA.

Sat, 10/16/2010 - 16:46 | 655506 Conrad Murray
Conrad Murray's picture

That post was written by one of Obama's handlers.

http://www.forbes.com/forbes/2010/0927/politics-socialism-capitalism-pri...

Sun, 10/17/2010 - 17:47 | 657104 DosZap
DosZap's picture

Obama would still be cruising for sex at the YMCA.

He's not?
Sat, 10/16/2010 - 16:29 | 655498 CrackSmokeRepublican
CrackSmokeRepublican's picture

I'm optimistic the Bankrupting Talmudic Jews will be removed from the US/UK/EU...

 

Sun, 10/17/2010 - 08:46 | 656313 AnAnonymous
AnAnonymous's picture

the West labor cost and standards of living must go substantially down (the only available solution).

 

 

The option is not on the table. Cost and standards of living are mostly determined by the quality of the general environment, this basically (a place with running water/ a place with no running water)

There is little margin to decrease the cost and standard of living in the West.

The most likely solution is that people who can no longer afford to live in the West will have to relocate.

Mon, 10/18/2010 - 00:12 | 657685 thefedisscam
thefedisscam's picture

+1000!

Sat, 10/16/2010 - 13:02 | 655194 masterinchancery
masterinchancery's picture

The actual quote from Dr. Johnson, which referred to the Patriot Party in Britain, not patriotism in general, is "Patriotism is the last refuge of a scoundrel."

Sat, 10/16/2010 - 14:43 | 655333 doolittlegeorge
doolittlegeorge's picture

could be "handing out an MRE near you" too.  Keep goin' there, tho.  Keep goin' there.

Sat, 10/16/2010 - 18:04 | 655578 tmosley
tmosley's picture

R~ight, and Winston Churchill was talking about the Democratic party of America when he was talking about it being the worst form of government except for all the others.

Sat, 10/16/2010 - 13:18 | 655199 Spirit Of Truth
Spirit Of Truth's picture

Wow...

 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.

Sat, 10/16/2010 - 13:22 | 655223 snowball777
snowball777's picture

What you missed two decades worth of Springsteen albums?!

Sat, 10/16/2010 - 16:51 | 655510 Djirk
Djirk's picture

I wish!

Sat, 10/16/2010 - 14:15 | 655279 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

Real things have been replaced with the FIRE economy, or magic, or Alchemy or fraud or

http://www.youtube.com/watch?v=RZ-uV72pQKI

 

Sat, 10/16/2010 - 13:08 | 655202 masterinchancery
masterinchancery's picture

More to the point, "No People can be great who have ceased to be virtuous." Johnson, An Introduction to the Political State of Great Britain.

Sat, 10/16/2010 - 14:46 | 655341 doolittlegeorge
doolittlegeorge's picture

certainly true if we're talking the concept of virtue.

Sat, 10/16/2010 - 13:12 | 655207 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

We have a Public Policy failure that does not recognize we have a major US structural and secular problem.

The solutions should be central to US mid-term party campaign election platforms. They aren’t?

 

This is because it would take the average voter (and politician) about 6 months worth of reading to understand 1/10th of the heavy machinery to the point where they could hold a discussion about it, let alone debate it.

The message needs to be distilled down to something simple to understand and simple to stand behind.  Otherwise, it will remain a shadow that is maintained by the Oligarchs and everyone will keep watching TV and flip flopping be between two different shit sandwiches every two years until they wake up realizing they've given away everything (including freedom) and have nothing left.

Sat, 10/16/2010 - 13:29 | 655235 RockyRacoon
RockyRacoon's picture

When even one electoral candidate will name exactly what gov't program or agency he/she would like to eliminate in a process to reduce the deficit I'll start paying attention.

Sat, 10/16/2010 - 17:16 | 655525 Ragnar D
Ragnar D's picture

Department of Energy.

Department of Education.

Department of Labor.

Department of Agriculture.

Office of National Drug Control Policy.

Health and Human Services.

Housing and Urban Development (lol).

PBS and NPR.

EPA.

FCC.

FDA.

Amtrak.

 

Then start unwinding the bankrupt pyramid schemes (SS/Medicare/Medicaid).

Sat, 10/16/2010 - 18:24 | 655596 Mariposa de Oro
Mariposa de Oro's picture

Ragnar D for President!

:o)

Sat, 10/16/2010 - 18:37 | 655610 cossack55
cossack55's picture

Which state are you running in and where do I send my money order.

Sat, 10/16/2010 - 20:17 | 655715 RockyRacoon
RockyRacoon's picture

I admire your spunk... Your name is on which ballot?

Let's get a real candidate on here to say the same!

Sat, 10/16/2010 - 20:37 | 655732 rwe2late
rwe2late's picture

junked for not starting with

draconian cuts to the "Defense" Dept., Homeland Security, CIA, and NSA.

Sat, 10/16/2010 - 20:47 | 655740 hamurobby
hamurobby's picture

+1 on the cuts,

is that you Ron Paul?

Sun, 10/17/2010 - 17:56 | 657117 DosZap
DosZap's picture

Dude,

How did you forget the "United Nations" of we vote 99% of the time against the nation that funds us most?.

Gave us prime RE in NYC, where the average pay for a Sanitation Eng (Janitor) was $75k 5 yrs ago?.)

Mon, 10/18/2010 - 00:21 | 657694 thefedisscam
thefedisscam's picture

You missed one:

U.S. Census Bureau

Their head counts now is somewhere bet. 7000-8000!

Sat, 10/16/2010 - 14:07 | 655281 Pseudo Anonym
Pseudo Anonym's picture

The message needs to be distilled down to something simple to understand and simple to stand behind.

you worry too much Olie. A Hitler-like leader is already waiting in the wings. He will distill it for you! But, what color will (s)he be now? That's what I want to know.

Sat, 10/16/2010 - 13:18 | 655215 williambanzai7
williambanzai7's picture

Pass the O Bonga!

Sat, 10/16/2010 - 13:20 | 655220 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

And this is precisely why WB7 is #1.

Sat, 10/16/2010 - 13:30 | 655236 RockyRacoon
RockyRacoon's picture

He's not inhaling...

Sat, 10/16/2010 - 15:42 | 655433 Hulk
Hulk's picture

Whatever happened to Barbecue Frito's? Just what in the hell is this country coming to?

Sat, 10/16/2010 - 15:49 | 655444 williambanzai7
williambanzai7's picture

Yes I am

Sat, 10/16/2010 - 16:08 | 655476 Hulk
Hulk's picture

We were kinda thinking that was the case...

Sat, 10/16/2010 - 13:50 | 655257 Lucius Corneliu...
Lucius Cornelius Sulla's picture

lmao

Sat, 10/16/2010 - 15:55 | 655456 williambanzai7
williambanzai7's picture

Careful with your coffee!

Sat, 10/16/2010 - 13:51 | 655258 Atomizer
Sat, 10/16/2010 - 15:54 | 655452 williambanzai7
williambanzai7's picture

These are excellent. Tnx for posting!

Sun, 10/17/2010 - 13:15 | 656705 PeterSchump
PeterSchump's picture

http://www.ehomemortgages.com/blog/img/mortgage-crisis2.png

 

The GLB Act was passed in 1999, not 1992.  Other than that, a fine timeline.

 

Sat, 10/16/2010 - 14:16 | 655293 Jake Green
Jake Green's picture

 ... and Eric Holder has come out of hiding. Not to prosecute war criminals, or torturers, or even bank executives who have committed trillions in fraud, no, our brilliant AG has declared that he's gonna throw the book at California weed smokers.

Hey Eric, the other rats are swimming for shore, get a move on.

Sat, 10/16/2010 - 15:45 | 655437 williambanzai7
williambanzai7's picture

Let's hope he goes with Geithner!

Sat, 10/16/2010 - 17:34 | 655544 Crab Cake
Crab Cake's picture

Eric Holder is the definition of a tool. Obama holds an open forum to find out what the people of the US want, and they resoundingly said they want an end to marijuana/hemp prohibition. What does he do? He shuts down the forum, and tells the people to fuck off. It makes my blood boil. Let alone what's going on at the border. A state is on the verge of displaying its constitutional right to self determinate.... and Obama and his goon Holder have the gall to say that the DEA will get involved at a local level... Fuck them. Where does it state in the Constitution that the Federal government has been specifically ceded power by the states to enforce drug policy?

It's time for revolution. The Federal government has jumped the shark, is wildly overstepping its mandate, and is quickly becoming a tyranny.

Lets decorate the lampposts of DC and Wall St, that's what I say. Burn down the Fed, hang the criminals, and when we're done we have a ConCon.

Sat, 10/16/2010 - 21:35 | 655786 tip e. canoe
tip e. canoe's picture

don't worry CC, if prop 19 passes, cannabis will be the FairO's achilles heel.

Sat, 10/16/2010 - 21:17 | 655767 New_Meat
New_Meat's picture

nor even New Black Panthers--well,they can't do voter intimidation, since they go up against light green voters. - Ned

Sat, 10/16/2010 - 14:19 | 655299 williambanzai7
williambanzai7's picture

Special charterpretation tutorial (the real meaning)

 

Sat, 10/16/2010 - 14:33 | 655320 nope-1004
nope-1004's picture

Looks good, but I prefer this one:

 

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Sat, 10/16/2010 - 14:35 | 655324 snowball777
snowball777's picture

Looks like you pulled a Rahm on that hand.

Sat, 10/16/2010 - 15:47 | 655440 williambanzai7
williambanzai7's picture

I like your profile mug

Sat, 10/16/2010 - 21:17 | 655768 New_Meat
New_Meat's picture

Dang, System 360 Line Printer art!

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