Especially this part:
I already wrote about traditionally and unconventional measures:Matt1989 wrote:http://theautomaticearth.blogspot.com/2 ... -have.html
Stoneleigh wrote:
Traditional money supply measures don’t capture the full picture.
http://generationaldynamics.com/forum/v ... a&start=50
The article is generally correct, but it does NOT explaining the real cause behind of present problem.
Just simply to say:
"
... is not good enough.Stoneleigh wrote: ...
If you follow the global media, rather than just the blinkered North American version, you will see how many countries are already teetering on the brink as a result of the credit crunch. Check out Iceland, or Pakistan, the Ukraine, Spain, the UK, Ireland, much of eastern Europe and many more. Many of those countries had far worse housing bubbles than the US and have much further to fall as a result.
...
AND of course - not precise too.
If we recall just one year ago - a complete World was awash with "cash". This was unprecedented inflation roll-over the World! I believe that a short explanation "just where do all these money come from...???"
You know the Answer.
"Many of those countries had (NOT) far worse housing bubbles than the US..." -...
The reason is that those countries are "connected" to strong to the USA.
AND they have NOT possibility to print "money" as USA do...
But even if that is correct - the housing bubble cannot be bigger that this in USA. That is just simply - wrong)
Anyway, as mentioned previous many time, you can try with simple example:
- We can agree that just few people on the world know what is relay happening now. EVERYWHERE on the Planet! (Not just in USA!)
If we imagine that percentage of those few clever people are the similar for each part of the Earth - than is simple to understand that clever answer is possible - especially OUTSIDE USA!
(There are more people outside USA - simple...)
Now:
If you ask anybody (I mean really anybody - from shoeblack to finance minister of Germany, China, Russia, Bulgaria, Poland, Iceland... or ANY other country!!!) - simple question:
WHO is responsible to this financial disaster?
The answer is always - the same:
The United Sates of America!!!
(Two days ago, the German finance minister openly said that Opel will NOT get ANY money - as long they are connected to GM... The reason is simple - he (and everybody) knows that this money will "escape to USA!" (With correct these words!)
I really do not understand why it is , dear Americans, so difficult to understand?
I understand that you are habituate on the cosy nice position of you country:
Printing money - and with this paper pay other nations for REAL work or commodities!
Almost NO real production... NO manufacturing jobs... Just - "managing" the wealth from other nations, making the wars and printing "the money".
Even if completely World bail out USA (as John suggest!) - WHAT will USA do with it, in this shape???
It is obviously the other nations are VERY CLEAR - WHAT and WHO is the main problem in this sick system!
If you, dear Americans, really believe that you are intelligent and the all other nations are - plainly stupid...I would suggest that you try your opinion one more time.
United States of America has the biggest, the most expensive and the most aggressive military on the entire World.
That can be also agreed always.
This is the MAIN reason for NO changes in the rotten Breton Woods system.
Even today - United States of America refuse to talk about it as soon as on the G20 meeting.
That is clear that - nothing could happen without basic changes of this system.
It is clear that USA as biggest Empire on the Planet - defend its position until the last.
How it will finished?
Everybody has a bad feelings about end... and it is obviously near.
Additionally, I am very sure that the other World nations will not just sit there and look - and permit the Empire to continue with rubbery....
(even if John and probably many Americans believe that creditor nations " will find the way" to bail out USA... It will just remind - a dream.)
It is understandable for the Empire, but for intellectual American people I believe - it is not way to discuss.
I would not be surprised - that now come John - and as usual (if he commented this at all) and noticed: "This is irrelevant nonsense...")... On the end - probably he commented a member of forum "intelligence" - and conclude that since he is American - he has the Right to:
- "predict" future events - based on - nothing...
- underestimate intelligence of forum members, as well as all nations of the World.
- overestimate his own intelligence, as well as other people who saying to him "yes... I agree..."
I am sorry, I do not think that this will help you or any other in USA.