Comments on: Our Suez Crisis http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html All of us against the machine Thu, 18 Mar 2010 18:09:33 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: tdaxp » Blog Archive » Geithner’s AIG Cover-Up http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-337163 tdaxp » Blog Archive » Geithner’s AIG Cover-Up Fri, 08 Jan 2010 03:50:49 +0000 http://www.tdaxp.com/?p=7966#comment-337163 [...] Geithner is a traitor against the United States. He should be treated as [...] [...] Geithner is a traitor against the United States. He should be treated as [...]

]]> By: tdaxp » Blog Archive » God’s Work http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-325130 tdaxp » Blog Archive » God’s Work Mon, 09 Nov 2009 19:50:14 +0000 http://www.tdaxp.com/?p=7966#comment-325130 [...] Sachs, after looting billions from the Treasury and getting H1N1 “Pig” Flu vaccine before nurses and hospitals, now announces that God [...] [...] Sachs, after looting billions from the Treasury and getting H1N1 “Pig” Flu vaccine before nurses and hospitals, now announces that God [...]

]]> By: tdaxp http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-321327 tdaxp Mon, 26 Oct 2009 00:24:15 +0000 http://www.tdaxp.com/?p=7966#comment-321327 It's absolutely fair to say this is a national disaster. It's also fair to say that the Obama administration is capitalizing on the grave of the Bush administration. The emergence of State Capitlalism in the United States has seen the federal government reward companies who are openly supportive of administration policies, such as GE, while slashing the pay of those who are not, all while having a Socialized news outlet (NBC/MSNBC) to describe the wisdom of the State Capitalists. [1] Eddie, The deterioration of our financial system -- Goldman Sachs and others even larger, no meaningful reforms, etc. is very distressing. TDL, I've seen that 'Mega-Bear' chart, but we should be seeing it daily. We are living through an long, national economic nightmare. historyguy99, One would think that Paulson's predecessor at Goldman Sachs would not be so supported by our President... [2] that is, if the capture of our government's vision by the State Capitalists had not been so complete. Besides foreign policy and rump areas not worth taking over (Veterans Affairs, Education, etc.), the oligarchs appear to be in complete control. Brent, Outside of a 1942 Japan-style repudiation (where only debt held by specific nations is defaulted on), we would be sunk if that happened. Given the relative performance of our and China's economies these days, we can't count on a financial 'mutually assured destruction' to protect us, either. [1] http://www.tdaxp.com/archive/2009/10/24/journalist-ethics.html [2] http://www.nydailynews.com/news/politics/2009/10/21/2009-10-21_president_obama_calls_gov_corzine_an_honorable_man_during_new_jersey_trip.html It’s absolutely fair to say this is a national disaster.

It’s also fair to say that the Obama administration is capitalizing on the grave of the Bush administration. The emergence of State Capitlalism in the United States has seen the federal government reward companies who are openly supportive of administration policies, such as GE, while slashing the pay of those who are not, all while having a Socialized news outlet (NBC/MSNBC) to describe the wisdom of the State Capitalists. [1]

Eddie,

The deterioration of our financial system — Goldman Sachs and others even larger, no meaningful reforms, etc. is very distressing.

TDL,

I’ve seen that ‘Mega-Bear’ chart, but we should be seeing it daily. We are living through an long, national economic nightmare.

historyguy99,

One would think that Paulson’s predecessor at Goldman Sachs would not be so supported by our President… [2] that is, if the capture of our government’s vision by the State Capitalists had not been so complete. Besides foreign policy and rump areas not worth taking over (Veterans Affairs, Education, etc.), the oligarchs appear to be in complete control.

Brent,

Outside of a 1942 Japan-style repudiation (where only debt held by specific nations is defaulted on), we would be sunk if that happened. Given the relative performance of our and China’s economies these days, we can’t count on a financial ‘mutually assured destruction’ to protect us, either.

[1] http://www.tdaxp.com/archive/2009/10/24/journalist-ethics.html
[2] http://www.nydailynews.com/news/politics/2009/10/21/2009-10-21_president_obama_calls_gov_corzine_an_honorable_man_during_new_jersey_trip.html

]]> By: tdaxp » Blog Archive » Financial Crisis, Jocks Spur Sino-American Ties http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-319161 tdaxp » Blog Archive » Financial Crisis, Jocks Spur Sino-American Ties Sun, 18 Oct 2009 15:12:49 +0000 http://www.tdaxp.com/?p=7966#comment-319161 [...] Our Suez Crisis [...] [...] Our Suez Crisis [...]

]]> By: Brent Grace http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-318955 Brent Grace Sat, 17 Oct 2009 22:13:15 +0000 http://www.tdaxp.com/?p=7966#comment-318955 I meant my greatest fear is NOT that the U.S. declines relative to China. I meant my greatest fear is NOT that the U.S. declines relative to China.

]]> By: Brent Grace http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-318954 Brent Grace Sat, 17 Oct 2009 22:11:12 +0000 http://www.tdaxp.com/?p=7966#comment-318954 Dan I hope you're wrong about this being a Suez style crisis but I fear you may be right. The real test will come when, in the Suez fashion, China explicitly threatens to dumps its bond holdings if the U.S. doesn't do something. Of course, there are two terrifying difference between the situation the U.S. finds itself in and the situation Britain and France found themselves in: 1. France, Britain and the U.S. were already aligned against the Soviets within the NATO alliance, so America's check on their power didn't have to be viewed as a direct threat to the U.K. and France. 2. As a corollary to point 1, France and the U.K. didn't have the ability to send the U.S. navy to the bottom of the ocean. The U.S. has that power vis a vis China. My greatest fear of a latter day Suez crisis is that the U.S. will decline relative to China, but that our nation may be inclined to throw a fit on the way down. Dan
I hope you’re wrong about this being a Suez style crisis but I fear you may be right. The real test will come when, in the Suez fashion, China explicitly threatens to dumps its bond holdings if the U.S. doesn’t do something.

Of course, there are two terrifying difference between the situation the U.S. finds itself in and the situation Britain and France found themselves in:

1. France, Britain and the U.S. were already aligned against the Soviets within the NATO alliance, so America’s check on their power didn’t have to be viewed as a direct threat to the U.K. and France.

2. As a corollary to point 1, France and the U.K. didn’t have the ability to send the U.S. navy to the bottom of the ocean. The U.S. has that power vis a vis China. My greatest fear of a latter day Suez crisis is that the U.S. will decline relative to China, but that our nation may be inclined to throw a fit on the way down.

]]> By: historyguy99 http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-318904 historyguy99 Sat, 17 Oct 2009 16:23:38 +0000 http://www.tdaxp.com/?p=7966#comment-318904 Three rogues before the docket. The last time we saw this kind of photo was when Sadam and his brethren were in court. Their expressions reveal a thousand words as to their culpability. Three rogues before the docket.

The last time we saw this kind of photo was when Sadam and his brethren were in court. Their expressions reveal a thousand words as to their culpability.

]]> By: TDL http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-318730 TDL Fri, 16 Oct 2009 16:51:37 +0000 http://www.tdaxp.com/?p=7966#comment-318730 Dan, That is a good way of looking at. Although I would point out that gold was being heavily sold in the '98-'01 time frame. There seemed to be a concerted effort on the part of Western central banks to dump their reserves (which lead to many conspiracy theories); so the price of gold reflected excess inventories in '99. That being said, your back of the envelope assessment is fairly accurate. SP500, for instance, is roughly 50% lower than it was in 2000 and at no point the previous 9 years did it surpass the 2000 highs once inflation is factored in (this is despite the nominal highs of 2007.) Regards, TDL P.S. Below is a nice link showing a chart on this from dshort.com http://dshort.com/articles/2009/mega-bear-2000.html Dan,
That is a good way of looking at. Although I would point out that gold was being heavily sold in the ‘98-’01 time frame. There seemed to be a concerted effort on the part of Western central banks to dump their reserves (which lead to many conspiracy theories); so the price of gold reflected excess inventories in ‘99. That being said, your back of the envelope assessment is fairly accurate. SP500, for instance, is roughly 50% lower than it was in 2000 and at no point the previous 9 years did it surpass the 2000 highs once inflation is factored in (this is despite the nominal highs of 2007.)

Regards,
TDL

P.S. Below is a nice link showing a chart on this from dshort.com

http://dshort.com/articles/2009/mega-bear-2000.html

]]> By: Eddie http://www.tdaxp.com/archive/2009/10/15/our-suez-crisis.html/comment-page-1#comment-318521 Eddie Thu, 15 Oct 2009 22:56:32 +0000 http://www.tdaxp.com/?p=7966#comment-318521 http://blog.beliefnet.com/crunchycon/2009/10/wall-street-washington-bread-a.html Nice excerpts from an interview about how the Obama Administration just blew it completely in January regarding financial reform and breaking the power of the big banks. http://blog.beliefnet.com/crunchycon/2009/10/wall-street-washington-bread-a.html

Nice excerpts from an interview about how the Obama Administration just blew it completely in January regarding financial reform and breaking the power of the big banks.

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