Comments on: This Time Is Different, It’s Global! http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/ Connecting the Dots to Give You A Clear Picture of What’s Really Going On Mon, 21 May 2012 02:28:49 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Greg http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-931 Greg Sun, 14 Feb 2010 23:05:38 +0000 http://usawatchdog.com/?p=1214#comment-931 Bart, I like your thoughts on "Natural Money!" Greg Bart,
I like your thoughts on “Natural Money!”
Greg

]]> By: Greg http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-930 Greg Sun, 14 Feb 2010 23:02:51 +0000 http://usawatchdog.com/?p=1214#comment-930 Ment, Thanks so much! Greg Ment,
Thanks so much!
Greg

]]> By: Greg http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-929 Greg Sun, 14 Feb 2010 23:01:40 +0000 http://usawatchdog.com/?p=1214#comment-929 Susan, Thank you for your comment and support! Greg Susan,
Thank you for your comment and support!
Greg

]]> By: niphtrique http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-924 niphtrique Sat, 13 Feb 2010 10:47:03 +0000 http://usawatchdog.com/?p=1214#comment-924 There is no solution within the current system. You can read here how bad the economy really is: http://www.naturalmoney.org/howbad.html We live in an economic system that is very inefficient. The economy does not adequately address the need of people. The fundamental cause of economic inefficiency is usury, which is the charging of interest on money. The following example demonstrates that interest on money is unsustainable and leads to crisis: If someone brought a 1/10 oz gold coin to the bank in the year 1 AD, and the money remained there until the year 2000 AD, collecting a yearly interest of 4%, the amount of gold in the account would have been 3.6 * 10^31 kilograms of gold. This is 1.9 * 10^27 cubic metres of gold weighing 317 times the complete mass of the Earth. An ever increasing amount of debt is needed to pay for the interest on the money. At some point this leads to crisis. It is possible to achieve a much greater prosperity, with maximum capital growth without inflation, large debts, economic crises, unproductive government intervention and the unproductive part of the financial sector. Natural selection will ultimately determine the most efficient economic system, despite the political power structures that still exist at this moment. The investigation of alternatives and dissemination of knowledge will accelerate this process, but the ultimate outcome will not change. Natural Money is the most efficient monetary system that will therefore become the dominant monetary system of the future. Natural Money will result in constant economic growth at maximum potential and will therefore make other monetary systems obsolete: http://www.naturalmoney.org/introduction.html There is no solution within the current system. You can read here how bad the economy really is:
http://www.naturalmoney.org/howbad.html

We live in an economic system that is very inefficient. The economy does not adequately address the need of people. The fundamental cause of economic inefficiency is usury, which is the charging of interest on money. The following example demonstrates that interest on money is unsustainable and leads to crisis:

If someone brought a 1/10 oz gold coin to the bank in the year 1 AD, and the money remained there until the year 2000 AD, collecting a yearly interest of 4%, the amount of gold in the account would have been 3.6 * 10^31 kilograms of gold. This is 1.9 * 10^27 cubic metres of gold weighing 317 times the complete mass of the Earth.

An ever increasing amount of debt is needed to pay for the interest on the money. At some point this leads to crisis.

It is possible to achieve a much greater prosperity, with maximum capital growth without inflation, large debts, economic crises, unproductive government intervention and the unproductive part of the financial sector. Natural selection will ultimately determine the most efficient economic system, despite the political power structures that still exist at this moment. The investigation of alternatives and dissemination of knowledge will accelerate this process, but the ultimate outcome will not change.

Natural Money is the most efficient monetary system that will therefore become the dominant monetary system of the future. Natural Money will result in constant economic growth at maximum potential and will therefore make other monetary systems obsolete:
http://www.naturalmoney.org/introduction.html

]]> By: ment http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-923 ment Sat, 13 Feb 2010 05:05:10 +0000 http://usawatchdog.com/?p=1214#comment-923 always a very clesr message .. well done and thanks for the up to date insight on the derivitives and debt mess always a very clesr message .. well done and thanks for the up to date insight on the derivitives and debt mess

]]> By: Anobodysmallcityusa http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-921 Anobodysmallcityusa Fri, 12 Feb 2010 23:01:57 +0000 http://usawatchdog.com/?p=1214#comment-921 I say no confidence in goverments, justice, or financial systems will be had until criminal prosecution is made. I'm a nobody and could see this gut wrenching disaster coming a mile away at the start of the easy money. It's a combination no doubt of blind ego, stupidity, and corruption. Regulations existed. Enforcement did not. I say the prosecutions should start with Robert Rubin. After 26 years at Goldman Sachs he gets in the goverment 1993. By the time he's done in 1999 as Secretary of the Treasury, he wipes out the Glass-Stegal Act, orders the SEC to back off derivates he claimed didn't need regulation, and harvests the concept of lending money to people you know won't pay it back in the name of fighting poverty. He leaves the goverment 1999 and goes to Citigroup where he uses these three tools of mass destruction until he is asked to leave in disgrace in 2009 for his compromised ethics. Not to mention his attempted meddling on behalf of ENRON and that Martin Armstrong gets locked up in Fort Dix in 1999 too. Too much coincidence for me. Robert Rubin has a lot to answer for, and I don't see anyone asking him the questions. Sources = Wikipedia, armstrongeconomics.com. And thank you Greg Hunter for your courage in speaking the truth. I used to watch you on CNN some years ago speaking truth to deaf ears. But I was listening and I then knew, I wasn't crazy. I say no confidence in goverments, justice, or financial systems will be had until criminal prosecution is made. I’m a nobody and could see this gut wrenching disaster coming a mile away at the start of the easy money. It’s a combination no doubt of blind ego, stupidity, and corruption. Regulations existed. Enforcement did not. I say the prosecutions should start with Robert Rubin. After 26 years at Goldman Sachs he gets in the goverment 1993. By the time he’s done in 1999 as Secretary of the Treasury, he wipes out the Glass-Stegal Act, orders the SEC to back off derivates he claimed didn’t need regulation, and harvests the concept of lending money to people you know won’t pay it back in the name of fighting poverty. He leaves the goverment 1999 and goes to Citigroup where he uses these three tools of mass destruction until he is asked to leave in disgrace in 2009 for his compromised ethics. Not to mention his attempted meddling on behalf of ENRON and that Martin Armstrong gets locked up in Fort Dix in 1999 too. Too much coincidence for me. Robert Rubin has a lot to answer for, and I don’t see anyone asking him the questions. Sources = Wikipedia, armstrongeconomics.com. And thank you Greg Hunter for your courage in speaking the truth. I used to watch you on CNN some years ago speaking truth to deaf ears. But I was listening and I then knew, I wasn’t crazy.

]]> By: Greg http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-917 Greg Fri, 12 Feb 2010 16:21:41 +0000 http://usawatchdog.com/?p=1214#comment-917 Otter, Thank you for the support and comment. Greg Otter,
Thank you for the support and comment.
Greg

]]> By: Otter http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-916 Otter Fri, 12 Feb 2010 16:16:25 +0000 http://usawatchdog.com/?p=1214#comment-916 Hi Greg - Think you're spot on with your post. Heard you awhile back on Coast-to-Coast and enjoyed your views and analysis. Will continue checking in to see what you're thinking. Best regards. Otter Hi Greg -

Think you’re spot on with your post. Heard you awhile back on Coast-to-Coast and enjoyed your views and analysis. Will continue checking in to see what you’re thinking. Best regards.

Otter

]]> By: Mark Mudgett http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-915 Mark Mudgett Fri, 12 Feb 2010 15:01:55 +0000 http://usawatchdog.com/?p=1214#comment-915 Hey Greg, Thanks for your perspective. You wrote: " America’s total debt and unfunded liabilities are in the neighborhood of $63 trillion." Unbelievable! We the people elected the fools who allowed this to happen--democrats and republicans. We are no better than a banana republic or any European nation. markm markm Hey Greg,

Thanks for your perspective.

You wrote: ” America’s total debt and unfunded liabilities are in the neighborhood of $63 trillion.” Unbelievable! We the people elected the fools who allowed this to happen–democrats and republicans.

We are no better than a banana republic or any European nation.

markm

markm

]]> By: Brad Thrasher http://usawatchdog.com/this-time-is-different-it%e2%80%99s-global/#comment-912 Brad Thrasher Fri, 12 Feb 2010 09:01:26 +0000 http://usawatchdog.com/?p=1214#comment-912 Is maybe part of the solution, rather than regulate the size of banks as Mr. Volker advocates, to treat banks similar to how we regulate Big Pharma? You can't legally market a new drug without first getting it approved. Perhaps we should require that all financial service companies, banks included, obtain approval before new financial products are offered. A Financial Products Administration similar to the Federal Drug Administration. That along with more conservative capital reserve requirements and as Ralph Nadar suggested, "More cops in the suites" just might solve the problem going forward. At least until such time as we again choose to ignore eight centuries of history. Is maybe part of the solution, rather than regulate the size of banks as Mr. Volker advocates, to treat banks similar to how we regulate Big Pharma?

You can’t legally market a new drug without first getting it approved. Perhaps we should require that all financial service companies, banks included, obtain approval before new financial products are offered. A Financial Products Administration similar to the Federal Drug Administration.

That along with more conservative capital reserve requirements and as Ralph Nadar suggested, “More cops in the suites” just might solve the problem going forward.

At least until such time as we again choose to ignore eight centuries of history.

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