Roubini on The Unfolding Financial Crisis P1

[craz3z]

Run time: 09:46 https://www.youtube.com/watch?v=5rNfHmcR2xI   Posted on YouTube: October 22, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: October 22, 2008 By DU Member: craz3z Views on DU: 515

 
"The worst is still ahead of us".

[whistle]

1. If you can get a transcript of all the cross talking and study what is being said

...by each person on that panel, it will become very apparent that none of these people knows what drives the economy! Yet they talk in billions of dollars of investments. Jesus, I would not rust any of these talking heads to manage any amount of portfolios.

They see another $500 billion coming from the U.S. Treasury as controlled and distributed by Paulson under a complete veil of secrecy and no oversight as proof that something has to work! Good lord, that is pissing U.S. dollars down a sewer pipe.

Eventually commodities prices will go so low that they will be perceived as "having value" and so buying will again begin? What total horse shit! This will only trigger hording and looting and further collapse as bankers take more and more for their own greed.

Economies do not operate that way. There must be a driver and that driving force is U.S. Federal fiscal policy on physical investments, infrastructure, new long term projects, stable currency, jobs creation, new federal revenues, credit and deficit spending on meaningful economic building projects. Stop these insane wars and neocon shock crisis creation. Kick out the speculators, greedy central bank manipulators or throw the criminal elements who participated in this financial crisis in prisons. :wtf:

[krkaufman]

2. Roubini on The Unfolding Financial Crisis - Parts 1-3 of 3

Part 1

Part 2

Part 3

[Karenina]

3. . .