The REAL Maverick: Present Economy worse than Depression http://www.youtube.com/watch?v=H3zZ6qNWeGw
The Black Swan: The Impact of the Highly Improbable - video http://groups.yahoo.com/group/GovernmentShadow/message/27364 Over Optimized UNaccountability' / Corruption & Globalization http://groups.yahoo.com/group/GovernmentShadow/message/31802 CONTROLLED CONFLICTS AND STAGED INCOMPETENCE http://groups.yahoo.com/group/GovernmentShadow/message/31804 ----- Original Message ----- From: Brasscheck TV Sent: Tuesday, May 19, 2009 1:12 AM Subject: Brasscheck TV: Everything's rosy, right? Stocks are up...great news, right? Everything's going to be OK. Optimism is a lovely thing. Realism is better. Few on the boob tube are capable of being realistic about the real state of the credit system and thus the economic system and thus society. Here's the reality: Wall Street created exponentially more paper assets than there are hands to hold them and it can't sell off all these assets at the same time without causing mind-boggling deflation. (Imagine an auction where only one person shows up and there is no minimum price.) Lower prices are not a bad thing, but lower prices with a massive overhang of super-inflated debts that have to be paid back is. A very bad thing. Two serious economists who warned about the current calamity well in advance and who don't have a dog in the fight (i.e. over-priced assets they hope to sell to optimists) explain the potential scale of the consequences facing the world. Details: http://www.brasschecktv.com/page/542.html - Brasscheck ==== World economy in freefall By Andre Damon 22 May 2009 http://www.wsws.org/articles/2009/may2009/econ-m22.shtml --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
