The Economy, what you need to know next - Page 2

tstew · #11 10-02-2008, 11:57 AM

I think that there may be something to what Ron said. I suspect that all of this is going to move us closer to a globalized currency.

Ferd · #12 10-02-2008, 12:37 PM

Quote:

Originally Posted by tstew

I think that there may be something to what Ron said. I suspect that all of this is going to move us closer to a globalized currency.

the pre-tribber in me has always thought a golobalized currrency would be an outcropping of some new version of the UN based on a post epocoliptic world where 2 billion people get killed.

but this sure puts us in a position where all economies on the globe could just fall apart... which certainly could lead to a globalized currency.

DividedThigh · #13 10-02-2008, 01:38 PM

that is interesting theory, i sure hope it aint true, good night, but someday all will be revealed, dt

Praxeas · #14 10-02-2008, 01:50 PM

Quote:

Originally Posted by Ferd

Ron, dont mix metiponrs... this isnt about U. S. Debt.

This is about private debt all over the world. you might have a US institution playing the roll of insurer for a European institution who is playing the roll of insurer of an Asian institution who is playing the roll of insurer of that first Amreican institution.

and nobody really knows if any of these insurers can pay if the insured calls on the insurance.

Exactly...the global economy.

BTW does anyone know about all the billions of dollars in US bonds the Saudi Princes own and China has been buying. We are in deep trouble if they turn them in

SDG · #15 10-02-2008, 02:02 PM

Of course this will be the Democrats fault too.

Ferd · #16 10-02-2008, 02:03 PM

Quote:

Originally Posted by Daniel Alicea

Of course this will be the Democrats fault too.

or maybe its the fault of someone who just isnt a good person.... maybe that is it.

we should turn to an authority on the subject. What do you think?

Ferd · #17 10-02-2008, 02:04 PM

Quote:

Originally Posted by Praxeas

Exactly...the global economy.

BTW does anyone know about all the billions of dollars in US bonds the Saudi Princes own and China has been buying. We are in deep trouble if they turn them in

or not. maybe they would be in deep trouble if we just looked them in the eyeball and said, we aint paying.

SDG · #18 10-02-2008, 02:06 PM

Something also tells me that the financial stress these banks are in .... cannot just be traced to the sub-prime mortgage mess ....

Will this be the fault of low income folks too?

When will corporate greed be acknowledged as a big factor in this crisis.

I heard Rush yesterday almost excuse corporate big-wigs giving themselved big bonuses because the Dems forced them to .... manipulate their earnings.

GAWD ... the koolaid is getting thicker and thicker ...

passing the buck is as old as Adam and Eve.

SDG · #19 10-02-2008, 02:09 PM

The author of this article seems to be indicating that this is a result of a trend towards de-regulation ... and a result of a trend that went widely unregulated ... just my read on it.

Ferd · #20 10-02-2008, 02:19 PM

The artical pionts out that this is a an area that is unregulated not deregulated. AND beyond that Credit Default Swaps are an international issue not an American economic issue.

it is world wide and intracatly interwoven. Any suggestion that the US Federal Government is to blame for degregulating this is a waste of time.

It is far greater, far lager than the US Economy or the US Governemnt.