Comments on: Hugo Dixon: Crisis, what crisis? Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: Gordon2352 Mon, 08 Oct 2012 20:50:42 +0000 You plead for honesty, but provide none.

Here is an article from Der Spiegel on the potential problem of inflation due to the actions of the central banks.

Here is a small quote from the article entitled How Monetary Policy Threatens Savings:

“For the past five years, governments from Berlin to London and from Brussels to Washington have been in crisis mode. They rescued the banks in 2007 and 2008, then they stimulated the economy and, since 2010, have threatened to drown in their own debts. The burdens are being pushed up the line, from private investors to central banks and government bailout funds. But this doesn’t make the debts any smaller. In fact, the opposite is true, as the example of Greece and other countries shows.”

If you aren’t afraid to know the truth, the whole article is well worth reading. pe/how-central-banks-are-threatening-the -savings-of-normal-germans-a-860021.html

By: Gordon2352 Mon, 08 Oct 2012 20:34:12 +0000 Oh, I almost forgot to add this to my comment above.

The banking and trade legislation has already been decimated in favor of the wealthy, but the tax laws are only partially crippled.

They will be decimated next year, no matter who wins, and the American middle class taxpayers will simply disappear to take their place among the poor.

By: Gordon2352 Mon, 08 Oct 2012 20:30:11 +0000 You state, “Crises will always be a feature of life. The best that humanity can do is to make sure it doesn’t repeat the same ones. And the main way to evolve – both during a bubble and after a crash – is to strive to be honest about what is sick in a system.”

What you describe is normal human nature, crises or no crises, and it is incredibly naive to say the least to argue we should strive to be honest as a solution.

Where were you raised, on some desert island somewhere?

The problem is that we must have laws to protect us from other people, and those laws must be enforced or they are pointless.

The last time we had a crisis like this it was circa 1929.

The US economy crashed for the very same reasons that it has crashed again. Failure to have in place an enforceable set of laws against the greed of the banking system and its investors.

Immediately afterwards we implemented a series of banking and trade regulations that forced a halt to the insanity we see now (“insanity” being loosely defined as repeating the same actions over and over, but expecting a different result each time).

The reason ALL of this has crashed again is not hard to figure out. Basically, the wealthy have succeeded in repealing ALL the banking and trade legislation that protected the American people from their excesses.

What we have left for banking regulations and free trade policy is a joke, except its not funny.

IF we wanted to stop this slide down a slippery slope towards economic collapse, all we need to do is to reverse the banking, tax and free trade legislation enacted for the past 30+ years that has permitted this to happen.

It human nature, stupid!

NOBODY will be honest unless they are forced to be.

By: Biscayne Mon, 08 Oct 2012 12:32:50 +0000 For someone who argues that the solution to a crisis is predicated on being honest about its causes, you do a very bad job. The financial crisis is all about systems that went out of control because of human folly, and the criminal behaviour underlying that folly is par for the course. We are all responsible and therefore no one is responsible. Are you a joker or just a hypocrite of the first order. Balliol indeed!

By: LysanderTucker Mon, 08 Oct 2012 11:11:31 +0000 Fear mongering has been around since the birth of politics. There will always be some crisis, and when it makes certain people rich and powerful to have the so called solutions, one thing is for sure. There will always be another crisis to be solved. And they will always be right there with the ready made solution for the problem they caused and aren’t held responsible for.