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Thread: 'Red warning lights' flashing for global economy

  1. #11
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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by Fearandloathing View Post
    I wonder if it isn't part of FUD, fear, uncertainty and doubt...when created the populace, like in war, rally behind the government out of fear.
    The gov't has always tried to define the narrative of current events and history to put them in a favorable light. It's how they handle PR for popularity and public faith.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by faithful_servant View Post
    Gas is NOT cheap, it's just less expensive than it was. We should be paying around $1.50 - 2.00.
    What is that value based on?
    “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
    *Adam Smith*

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    Re: 'Red warning lights' flashing for global economy

    To me, this should be a major concern for a slower than average world economy.

    5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
    "Have the courage to have your wisdom regarded as stupidity. Be fools for Christ. And have the courage to suffer the contempt of the sophisticated world." - Antonin Scalia

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by grip View Post
    Good point, it's cheaper than in recent years. If they ever push the Keystone Pipeline thru, it should help a little more.
    No it won't. The oil companies have already said that all of it would be exported overseas. The US won't see a single drop of it.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by WCH View Post
    To me, this should be a major concern for a slower than average world economy.

    5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives

    Yep, they've been kicking that can down the road for the last 6 years.

    Ignoring the inevitable.

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by danarhea View Post
    No it won't. The oil companies have already said that all of it would be exported overseas. The US won't see a single drop of it.

    That's not how it works.

    The Keysstone pipeline WILL be great for Cities like Houston ( Pasadena )

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by Fenton View Post
    Yep, they've been kicking that can down the road for the last 6 years.

    Ignoring the inevitable.
    From what I understand it's what cause the near collapse of the world economy in 2008 and they never even slowed down since then.
    "Have the courage to have your wisdom regarded as stupidity. Be fools for Christ. And have the courage to suffer the contempt of the sophisticated world." - Antonin Scalia

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by danarhea View Post
    No it won't. The oil companies have already said that all of it would be exported overseas. The US won't see a single drop of it.
    Though certain amounts of oil are targeted for particular areas, it is often priced by markets from the total aggregate available. That's why the average amount of oil is priced by the barrel.

    oil chart.jpg
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by WCH View Post
    From what I understand it's what cause the near collapse of the world economy in 2008 and they never even slowed down since then.
    It was never addressed.

    How could it be ? It would have implicated the Democrats.

    The GSEs were the primary consumer of Securities backed by Subprime loans and they committed unprecedented securities fraud when they lied on their 2006 SEC quarterly filings about the actual amount of worthless debt they held.

    They only reported 1/10 of their lousy worthless toxic debt.

    They drove the market. They created demand for these toxic securities and they were run and defended by the Democrats until they were declared insolvent in 2008.

    The derivatives markets exploded as these worthless securities spread out into capital markets all over the world.

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    Re: 'Red warning lights' flashing for global economy

    Quote Originally Posted by Fenton View Post
    It was never addressed.

    How could it be ? It would have implicated the Democrats.

    The GSEs were the primary consumer of Securities backed by Subprime loans and they committed unprecedented securities fraud when they lied on their 2006 SEC quarterly filings about the actual amount of worthless debt they held.

    They only reported 1/10 of their lousy worthless toxic debt.

    They drove the market. They created demand for these toxic securities and they were run and defended by the Democrats until they were declared insolvent in 2008.

    The derivatives markets exploded as these worthless securities spread out into capital markets all over the world.
    Explains why trillions 'disappeared' from the world economy.

    If those banks had declared 100% of their risk, We wouldn't have the same world economy

    This is pre. 2008: It's only gotten worse.

    "Have the courage to have your wisdom regarded as stupidity. Be fools for Christ. And have the courage to suffer the contempt of the sophisticated world." - Antonin Scalia

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