The middle class is shrinking- the class that drives an economy. Greece is not a good example. Libya is a wealthy country- sweet crude, investments around the world=cash. Now the clean up crew will clean up with new oil contracts and rebuilding a ruined infrastructure all in the name of liberty and freedom as per the examples of Iraq and Afghanistan plus we have "miles"/countries to go, as Frost put it.
On Aug 27, 2:12 am, archytas <[email protected]> wrote: > Banks are lying about money laundering - > seehttp://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs > - as an example. They are also hiding losses illegally through > massive false accounting that has been 'made legal'. The basic scam > is similar to the alleged 'rogue trading' that brought down Barings - > losses are being moved around through subsidiaries and the ability to > 'mark to model' (instead of market) on assets - hence Bank of America > is claiming to be worth $325 billion but is only trading at £65 > billion on the exchanges. > What we probably have is the near certainty of bank collapses. We are > currently funding these bent operations instead of going to full > employment and wealth redistribution to prevent recession. > Banks have sprung up all around the European drug routes for no other > explicable reason (just like Miami in the past). > > There is no reason for a global recession, but that's different from > whether one is being engineered. The Greeks are currently being > pilloried as having wasted all the money 'we' lent them - but who made > the decisions to pile money in there rather than into factories or > whatever? Not only is cash hard to track as Rigsby says - one can't > even track through bank accounts of their own assets, much of which > are junk but claimed, via securitisation as 'real'. > > On Aug 27, 1:31 am, "Howard Lee Mosely Jr." <[email protected]> > wrote: > > > > > people are at a point where there own person and security is for more > > value is worth more than loyality to at state : or organizatoin : morals and > > manners discarded for more of a authorized control to ease a subconcious > > rebeling of a hibitaully slaved mindstate than the sence of being govern > > seems adverse to a widen culturaled soicity where humanity over powers > > human error and misplaced hatreds for the presevation of all kind humankind > > ?? > > > On Fri, Aug 19, 2011 at 6:12 AM, paradox <[email protected]> wrote: > > > Recently, i read of an "authority" on institutional debt proclaim that > > > a global recession was now inevitable. My first thought was that this > > > was something of a curious "God like" statement, which was actually > > > plain and simply wrong. There is actually next to no risk of a global > > > recession. > > > > How do they get away with stuff like this, i wonder? > > > -- > > Howard Lee Mosely Jr.- Hide quoted text - > > - Show quoted text -
