I know someting...
Wasn't this the European bank that defaulted on the delivery of its clients' phyiscal gold? It's no coincidence, in our opinion...
The U.S. financial system is in dire shape due to the SUBPRIMING of the entire economy
I agree. To change the analogy, imagine a vacuum, and the debt as portayed by a president in free-fall. Of course obama is going to be moving exponentially faster than his predecessors. all of this is fine, except that there is some sort of vacuum-induced fog, so that we can't see the ground. is it millions of miles beneath us, or is it two feet beneath us? It isn't the fall that hurts, it's the collison with the ground.
Much as I dislike the fascist, Obama can't really be blamed. He's just further along on the exponential debt curve. It has little to do with his specific policies. It would look the same pretty much regardless which of the recent former presidents was in office today.
Who signed TARP and TALF again?
Yeah, more left versus right bullshit. There is only one party, for the banks and financial sector, by the banks and financial sector.
Now just what the fuck are you going to actually do about it?
That isn't the way I remember it. The trillion dollar bank bailout was actually after the presidential election and before Obama took office. I give that to Bush although he wasn't a lucky guy anyway(sitting in an elementary school during 9/11).
I remember it as BushII taking it from $5 trillion in the hole to $10 trillion in the hole with a commitment to 2 wars, all to accomplish 2 wins and zero losses in the history book, instead of failing at 25 cent an hour Chinese labor and healthcare. I believe Obama has all the skills necessary to add a couple war commitments(or one really big one) along with another $10 or $20 trillion in debt. Geithner says we don't even want to hear the new bailout number. Comparing Bush and Obama accomplishments is like comparing a pile of shit to a pile of vomit. It's apples and oranges and is irrelevant to any problems at hand.
Zoom zoom zoom.
Except, let's avoid that chiseler in Omaha also.
Exponential equations are indeed a bitch and seriously misunderstood.
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Dr. Albert A. Bartlett Professor Emeritus – Physics University of Colorado
Must be a Toyota with a faulty accelerator pedal. Japan has the same problem
Like being stuck on a bridge with a Pinto in front of you and an Audi 5000 behind you.
Yeah, I do feel the same way. But an Audi behind you would make you want to own and drive one right? Audi's a great car yeah?
Yeah, Audi is a great car. But together with this luxury car is a high maintenance need. One may spend a fortune to buy an Audi parts or just by checking with some dealer. But such cars only breaks a few times in a lifetime. Anyway, good road trip, not great and not that bad but can do better.
Go speed racer go .
What is interesting to compare is :
1° the rate of monetary growth M2 vs true GDP growth over the periods.
2° the rate of public debt growth vs GDP growth over the periods
3° the rate of fiscal deficit growth vs gdp growth
4° the rate of private sector debt (banks) vs gdp growth.
5° the rate of energy price (oil) growth vs gdp growth over the period
6° the rate of gold price growth vs gdp growth over the period
It would give a clear picture of where the economy is moving and what the consequences are of this movement and momentum, in terms of fiat measure and commodity measure.
So under Bush the “speed” went from 18 to 64, a factor of 3.56
Under Obama the “speed” went from 64 to 174, a factor of only 2.72?
You are not considering the duration, 8 years vs. 4 years.
So Bush accelerated by 46 while Obama accelerated by 110 , which is 139% growth
Wow...one helluva road trip
It will be a hoot to watch Obama launch us all off the Santa Monica Pier at light speed on a ballistic trajectory that terminates in China.
"Terminates in China"
-Understatement of the year!
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