http://www.youtube.com/watch?v=IM-Zwqa2WyA&feature=related Gerald Celente False Flag Recovery pt ¼
CELENTE CHANNEL... http://www.youtube.com/profile_video_blog?user=GeraldCelenteChannel
One of the few upsides to this devastating downturn, as I suggested a few weeks ago, is the clarifying effect it has had on our understanding of how our economy actually works--and for whom. Each passing bailout debate seems to reveal something new about the broad fraud American capitalism has become, just how rigged our system is in favor of the favored few and just how critical (and hypocritical) Washington has been in subverting and perverting our supposedly free markets. ... http://www.forbes.com/2009/04/14/obama-defense-budget-opinions-columnists-gerstein_print.html
The theory is controversial, to say the least, and many economists give it short shrift. But to hear Mr. Gordon tell it, the Kondratieff Cycle is real, it's in its "winter" phase, and the outlook for the next several years as a grim as it gets. "We are in a 15-year deflationary depression that will be worse than 1929-32," he warned. There will be a collapse in real estate prices - as much as two-thirds in the U.S. World trade will collapse. Government revenues will dry up and they will be unable to provide needed services. Pension plans will fail. The Dow will bottom out at around 1,000. Feel depressed yet?.... http://www.rgemonitor.com/roubini-monitor/256412/degrees_of_bearishness_press_report_of_a_recent_event_with_nouriel_roubini_meredith_whitney_and_other_bearish_analysts
http://www.atimes.com/atimes/Global_Economy/KD15Dj04.html
World leaders miss the target
By Henry C K Liu
Leaders attending the Group of 20 second Summit on Financial Markets and the World Economy in London on April 2, echoing the first such gathering in Washington in November 2008, continued the tradition of superficial posturing for political theater on global television, while missing the real target - that is, the need not so much to revive dysfunctional trade that has collapsed from its own internal contradictions, but to redefine the predatory terms of international trade created by dollar hegemony.
The big question in our own mind is the depth of complicity and the motivations of the government, the media and major institutions in continuing to support this financial corruption through silence or participation.
... http://jessescrossroadscafe.blogspot.com/2009/04/crisis-of-our-democracy-corruption-in.html
Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology. In an article in the May issue of the Atlantic Monthly, Prof Johnson compares the hold of the "financial oligarchy" over US policy with that of business elites in emerging countries. Do such comparisons make sense? The answer is Yes, but only up to a point.... http://www.ft.com/cms/s/0/09f8c996-2930-11de-bc5e-00144feabdc0.html
"To restore the wealth lost in the current financial crisis, the Treasury would have to monetize some $30 trillion of toxic assets, almost ten times what the Geithner Treasury is currently contemplating, and twice the size of current U.S. annual GDP. Add to that about $10 trillion of value lost in the collapse of commodity prices and another $10 trillion in real property values, and we have a wealth loss of $50 trillion." ~ Henry Liu, Asia Times via Mike Whitney... http://www.marketoracle.co.uk/Article10033.html
