Archive for the ‘brooding’ Category

Root Cause of Great Depression Was Antitrust (Private Equity Firms and Hedge Funds)

Friday, December 28th, 2007




Yeah. I said it.

Private Equity Firms. Mutual Funds. Hedge Funds. Federal Reserve. You can call them whatever you want. They are all banking cartels.

I just read this post on Austrian Economists.

http://austrianeconomists.typepad.com/weblog/2007/12/did-the-gold-st.html

Mismanagement Gold Standard Helped Cause the Great Depression?

Yes, But the Root Cause Was Antitrust.

History also remembers that the Great Depression was an antitrust problem that started by real estate crisis in Florida and set off a chain reaction nationwide. Lack of antitrust legislation and the era of the robber barons produced a class of Americans that possessed 90% of the countries wealth.

Upon accumulation of all this wealth, the robber barons exercised conventional wisdom abject stupidity in the management of commodities such as gold, silver, oil …. well, just pick any commodity, and chances are they mismanaged it. ^_^ The few families who got out of the market early survived. You may have heard of some of them: Rockefeller, Vanderbilt.

What is all this antitrust nonsense I am talking about?

It may be hard to remember, but in the U.S. there were actually laws (antitrust laws) that clearly stated that your bank could not do your taxes, your tax preparer could not provide your insurance, and your insurance company could not manage your mutual funds.

Most of those laws were repealed and now you are seeing the results.

Sadly, per Brooding Issue #1 in my previous post, I see massive bank failures ahead.

It appears that the giant private equity firms (who bought real estate at the top of the market) will fall and come crashing down crushing all the little people underneath. (Just like in Florida in 1929).

Currency Collapse May Be Eminent

If we are lucky, we will experience an orderly currency collapse. However, two smart guys named Bill Gates and Warren Buffet fear a disorderly fall of U.S. dollar, which will turn the Great Depression into a discussion about happier times.

… つづく



Posted in bank failures, brooding, credit crisis, economy, food shortage, from dual, great depression, hkma, hyperinflation, shortage | 2 Comments »

Brooding about lack of liquidity, the bad credit crunch, staggering hyperinflation, new fears, new losses, and pending outage

Friday, December 21st, 2007



brood.png

Brooding about the following thoughts:

  1. The U.S. banks no longer trust each other.
  2. 500 Billion dollar loan from Europe doesn’t scratch the surface of what the banks really need.
  3. People are not ready for worldwide shortages of food and supplies.
  4. Hyperinflation is rampant, as the cost of driving is approaching THREE loaves of bread per gallon.
  5. The currency markets are about to experience the greatest shock since the Great Depression.
  6. There is almost no liquidity in the market.
  7. HKMA continues to oversell Hong Kong Dollars to defend the peg with the U.S. Dollar.
  8. The credit derivatives market is filled with analysts who do not know how to use a ledger
  9. Upper management of Fortune 500 companies is packed with individuals who never experienced sacrifice, let alone even read about the Great Depression, its causes or its aftermath.
  10. Insurance companies are worried about widespread arson; they announced this “concern” as a “risk management tactic”.
  11. Hypothecating property in business will no longer be accepted.
  12. Charitable foundations may fold without inflation hedges firmly in place
  13. The currency will change overnight and will catch world markets by surprise
  14. Gold will reach insane historical highs only to be stalled by the fact that you can’t eat gold
  15. Sections of the Internet may collapse due to lack of funding for infrastructure (power and water), in which case, Gopher and Archie may become popular again.

All these figments of my imagination. right?
…

EDIT: Probably. It’s just a bad dream.

I’ll wake up soon. I’m not worried at all. No, really.



Posted in bank failures, brooding, credit crisis, economy, food shortage, from dual, gasoline, great depression, hkma, hyperinflation, inflation, loaves of bread per gallon, shortage | 2 Comments »