it begs the question: recovery to what? To Wall Street booking stupendous profits by laundering „risk“ out of bad loans with new issues of tranche-o-matic securitized paper? This I doubt, since there isn’t a pension fund left from San Jose to Bratislava that would touch this stuff with a stick, even if it could be turned out in collector’s editions of boxed sets.
an SDR is „a synthetic currency created by the IMF, whose value is determined as a weighted average of the dollar, euro, yen and pound“! […]
these Chinese bastards are smart enough to reject an over-valued fiat dollar, but then being so stupid that they prefer, over gold, a basket of four fiat currencies, one of them being the damned dollar, along with their four corrupt governments, which collectively own the IMF by virtue of having funded the damned thing in the first place! Hahaha! Brilliant! Hahaha!
Kunstler prophezeit Ausschreitungen in den USA, die die Vietnam-Proteste und den amerikanischen Bürgerkrieg wie Zärtlichkeiten von frisch Verliebten aussehen lassen wird. Der Mob rüstet sich seinem Eindruck nach, um den Bonus-Babies die materiellen Besitztümer zu nehmen. Mal schauen …
What makes Germany and Japan so competitive today is the fact that their industries were destroyed in WWII. They were forced to rebuild…amid tough competition. The United States, on the other hand, never had the benefit of aerial bombardment. And its auto industry has had such huge advantages – it was practically doomed from the beginning. Detroit has ready supplies of steel…rubber…plastic…labor – everything you need to make a modern automobile. Japan and Germany had to import almost everything.
Motto: „Wir löschen den schwelenden Waldbrand, in dem wir gleich den ganzen Wald abbrennen!“
Kein Wunder, dass Merkel und Sarkozy sich selbst dem charismatisch-konzilianten Obama verweigerten. Sie wollen abwarten, ob die bisherige, durch Schulden finanzierte Stimulierung tatsächlich wirkt, bevor sie noch höhere Schulden machen.
Quelle: SonntagsZeitung, 5. April 2009, „Vieles bleibt Wort“, S. 21.
But why shouldn’t the feds be in the car business? It’s right there in the U.S. Constitution, isn’t it? The „Car Clause,“ as Byron King calls it: every American will have the „right to life, liberty and a four- door sedan.“ Heck, it’s in the preamble too: „When in the course of human events, it becomes necessary to take over the automobile industry…“
Today’s International Herald Tribune tells that „shanty-towns“ are beginning to appear throughout the United States. People are setting up tent communities…shacks…and Rio-style favelas – in America.
Einerseits muss man ihm ja schon recht geben, dass das Recht auf freie Meinungsäusserung hochgehalten wird. Aber glücklicherweise darf ich dank diesem Recht auch sagen: „Mann, isch das e Möngu!“ Und nein, um Gottes Willen, er repräsentiert sicherlich nicht die Mehrheitsmeinung in den USA …
In the final three months of last year, the company lost more than $27 million every hour. That’s $465,000 a minute, a yearly income for a median American household every six seconds, roughly $7,750 a second. And all this happened at the end of eight straight years that America devoted to frantically chasing the shadow of a terrorist threat to no avail, eight years spent stopping every citizen at every airport to search every purse, bag, crotch and briefcase for juice boxes and explosive tubes of toothpaste. Yet in the end, our government had no mechanism for searching the balance sheets of companies that held life-or-death power over our society and was unable to spot holes in the national economy the size of Libya (whose entire GDP last year was smaller than AIG’s 2008 losses).
[…] we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream.
Mario Aeby, geboren am 25. September 1980 in Bern, Schweiz
Ein Weblog über IT (Linux, OSS, Apple), Heim-Automation; mein mittlerweile abgeschlossenes Geschichtsstudium; Erkenntnisse aus meiner aktuellen Tätigkeit in der Informationssicherheit, meine Erfahrungen als IT-Berater, IT-Auditor, Web-Developer und IT-Supporter; die Schweiz, den Kanton Bern, meine ursprüngliche und auch wieder aktuelle Wohngemeinde Neuenegg, meine vorherige Wohngemeinde Bern, über lokale, regionale und globale Politik; meine Reisetätigkeit und Erfahrungen mit anderen Kulturen; und zu Guter letzt auch das Älter werden.
Alle in diesem Blog gemachten Aussagen und Meinungen sind persönlich und nicht als Ansichten meines aktuellen und/oder meiner bisherigen Arbeitgeber zu verstehen.