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The black box economy

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posted on Jan, 27 2008 @ 06:44 PM
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The black box economy


www.blacklistednews.com

Behind the recent bad news lurks a much deeper concern: The world economy is now being driven by a vast, secretive web of investments that might be out of anyone's control.
(visit the link for the full news article)


Related News Links:
www.boston.com




posted on Jan, 27 2008 @ 06:44 PM
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This article is a bit of a read from the Boston Globe, but is great IMO. It gives a good explanation into why our economy is in such a downward spiral and how there may be nothing we can do about it. For those who do not understand much about economics and our current situation, this is a good overview. The Central Banks have really done us in this time.

www.blacklistednews.com
(visit the link for the full news article)



[edit on 1/27/2008 by palehorse23]



posted on Jan, 27 2008 @ 07:57 PM
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Great topic you bring up there, palehorse.

To me the economy of today seems more like a casino. With hidden rules and a complexitivity for only the controling few to look through.

It's really scary; a market with the value of 8-10 times the combined annual global GDP.

Those few who holds the key to how the mystery works, hedge fund managers and such, they make a million dollars a m i l l i o n $$$ a d a y [edit: forgot the time frame]

That kind of gives an idea of the risk involved.

Extortion from the working people is what it is.

[edit on 27/1/2008 by khunmoon]



posted on Jan, 27 2008 @ 08:04 PM
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The recent event in the global economy has shown its ugly face, the global economy is nothing more than an illusion of prosperity prop by the power of numbers in a physiological scam.

This complex system is run by corruption, deceive and world elites.

Time for people to wake up.



posted on Jan, 27 2008 @ 08:27 PM
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reply to post by khunmoon
 


thanks khunmoon. Scary situation indeed. I watched a video tonight on yahoo about how mortgage holders are now running to refinance. This is what the elite have created. Refinance....not the right thing to do in my opinion. Refinancing is only going to push people further into debt. 60 minutes tonight covered a great piece on the mortgage crisis. People are borrowing more than their house is worth. I should say people borrowed because most of the problems occurred in 2004-2005. Now, these people are refinancing , trying to anyway, or going into foreclosure. This drove the market to dumps. With the recent buyout of Countrywide, Bank of America is now the principle owner of all of these loans that people received. Of course the rates were variable at the time of inception, so now most of the borrowers are screwed. Bank of America....what a joke. I hate that America is even attached to their name!!!Talk about central banks controlled the world and not being monitored. What a raping the middle class has taken as a result of our government and central bank control over not only US economy but globally as well.

Link to yahoo video:
mortgage crunch

Oh, yeah, if you let the video play the next clip, it is of the 60 minutes story I referred to.



[edit on 1/27/2008 by palehorse23]



posted on Jan, 27 2008 @ 08:36 PM
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"A lot of financial innovation is designed to get around regulation," says Richard Sylla, professor of economics and financial history at NYU's Stern School of Business. "The goal is to make more money, and you can make more money if you don't have to keep capital to back up your investments."


Ah, the old Greed Factor. Works great till someone calls you on it. No one knows for sure how this will end. The world has never seen this much Unsecured Debt. The Litigation process has begun, but will other nations accept our court rulings stealing their wealth? Because at the end of the day our government will protect the Bankers. Been that way since 1913.

How will they react when we Inflate away their precious Dollar Reserves. I'm seeing why War's start after Economic problems.



posted on Jan, 27 2008 @ 08:47 PM
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Here is a very easy to read and convincing essay on our current economic situation:

Bushenomics

An excerpt, but I really recommend that everyone read the entire article:


When Bush came into office, a Euro cost 95 cents. Now it costs a $1.50. The Canadian dollar (the Loony) was 70 cents. Now it costs a dollar. Most mainstream economists and pundits will opine that a low dollar is good for American industry, because it will help us sell our goods. That's only true if we're producing things that no one else is -- or producing them better or cheaper -- and we're not.

Also, many foreign exchange rates are being kept artificially low against the dollar. Some, like many of the oil countries, are pegged to the dollar. They're making up for it by raising the price of oil (currently traded in dollars). Others, like the Asian manufacturing countries, are keeping their currency down to retain their edge in selling here, thereby canceling whatever advantage we're supposed to get from declining currency

One way to think of what the administration has done, is as a leveraged buyout. That's when someone buys a company, using the company itself as the collateral for the loan used to purchase it, usually at very high interest, then pays off the interest by cutting the work force and salaries, selling outsets and even breaking up the company.

It's good for the guy who makes the deal, skims the cream off the top and gets rich. (The company that Mitt Romney got rich working for specialized in doing that.) It's good for the lenders, who get a good return (if the buyer is able to squeeze enough money out of his purchase), but it's bad for the work force, bad for the company, and, if no one comes along to replace it, bad for the business as a whole.

We've experienced a leveraged buyout of the national economy.



posted on Jan, 27 2008 @ 08:59 PM
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reply to post by HimWhoHathAnEar
 





How will they react when we Inflate away their precious Dollar Reserves. I'm seeing why War's start after Economic problems.

Reserves...that makes me laugh. That word has become a joke with this administration. We have depleted ours and others already. We do not even have the gold to back up our financial commitments and the dollar. We are in a downward spiral with virtually no reversal in sight. The next pres. isn't going to be able to bring us out of it either. The elite will not allow it to happen. This is what they want. They would never allow a person in office that would go against there wishes. Watch and see what happens. Mark my words. If i end up being wrong, I will gladly accept any "I told you soos" from opposing views.
Related thread:
gold price-manipulation by feds



posted on Jan, 27 2008 @ 09:46 PM
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Not to worry. The national housing crisis has been contained, consolidated and quarantined....in one convenient Southern California location. Time to invest, spend...and begin planning that next Roman Holiday.

Homeless folks pushing shopping-carts to urban tent-cities has been a familiar sight for years. Now people are arriving in cars





posted on Jan, 27 2008 @ 10:01 PM
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Originally posted by marg6043
The recent event in the global economy has shown its ugly face, the global economy is nothing more than an illusion of prosperity prop by the power of numbers in a physiological scam.

This complex system is run by corruption, deceive and world elites.

Time for people to wake up.


people will wake up when they r unemployed and looking at 12$ milk, i think it is human nature esp. when bombarded with entertainment by the media, instead of legit. story's.

also remember when you are watching CNN, CNBC, MSM the big advertisers are investment banks, brokerage houses, and large corporations. IS IT REALLy difficult to believe you are getting fed news that is so slanted and biased to benefit these industry's and instill false confidence in their B.S. it is corporate marketing under the guise of news.



posted on Jan, 27 2008 @ 10:03 PM
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reply to post by OBE1
 


When and where is that footage taken. Looks old. Are they saying that this it what it will look like or that this how it is now?



posted on Jan, 27 2008 @ 10:10 PM
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reply to post by palehorse23
 


The vid was added to ytube on Jan 23, PH23, so I assume it's recent. Perhaps a So Cal ATS'er can verify the location.

*Edit* According to ytube comments, the location is Ontario Ca, aka: The Inland Empire.



[edit on 27-1-2008 by OBE1]



posted on Jan, 27 2008 @ 10:19 PM
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reply to post by OBE1
 


To me though, it looks like film from 1970's-80's. Maybe a fall out of a Grateful Dead show or something. Fancy house photos in beginning and 70's/80's motorhomes and same with regular vehicles. But if it can be verified by someone in Cali. that would be outstanding.



posted on Jan, 27 2008 @ 11:33 PM
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Originally posted by khunmoon
Great topic you bring up there, palehorse.

To me the economy of today seems more like a casino. With hidden rules and a complexitivity for only the controling few to look through.
[edit on 27/1/2008 by khunmoon]


Good analogy, and in a casino, the house may not always win, but it makes a nice profit. It's not just greed but the something-for-nothing principle.



posted on Jan, 28 2008 @ 12:06 AM
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reply to post by palehorse23
 


I think the video is relatively current. I spotted a glimpse of 2000ish Mitsubishi Mirage, and some 90's vehicles as well. I think most of the vehicles are just what people managed to get their hands on.

I'm homeless right now and trying to get a camper myself to live in. I've looked at quite a few old 70's campers so far.



posted on Jan, 28 2008 @ 12:11 AM
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Asian markets way down
finance.yahoo.com...

Dow Future down 135 already
money.cnn.com...

Look for another interesting day on Wall street tomorrow



posted on Jan, 28 2008 @ 12:13 AM
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reply to post by Golack
 


I think the Fed slash only bought a few days to "put the house in order."

[edit on 1/28/0808 by jackinthebox]



posted on Jan, 28 2008 @ 01:26 AM
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Something is going --outside the Feds control-- that made them do this "historic hike", and your statement, jack, I think is right.

Remember another historic milestone was reached last week! The biggest financiel fraud ever, le rogue trader, Kerviel lost 7.2 billion $$, and himself, his family and the bankers say he didn't make a dime out of it.

But as to why they can call him, like said by

...the head of the Bank of France that he was a "genius of fraud"
is beyond any understanding ordinaire . But that's what they all, from his old professor to the national bank director, call him, a Genius! None the less.

Where's the genius if he didn't make a dime
????

And remember the French National Bank needed more than four days (for clean up?) before they went public withb the loss...

Then the Feds came with there hike.

More going on here than meets the eye. The bank Kerviel caused the loss, Societe Generale, has close financiel ties to Morgan Stanley to help them out of the subprime crise. See this thread:
Criminal Collapse of Citibank Morgan Stanley Imminent

It was around New Year, but Morgan Stanley is still operating. Some how they netted this loss, because anybody's loss must necessary be another ones gain.

It's just my own idea, and personally I have no understanding of economy, except it's sick and cracy.



posted on Jan, 28 2008 @ 02:23 AM
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I don't really know how this looming economic disaster is going to end - nobody does.. but I'd definitely suggest in investing in things like food and clothing and anything else you're likely to need for the forseeable future - before the purchasing power of your dollar drops even further. Invest your money in essential goods, medicines, etc, and if things get really tight, you'll have a small safety net.. Maybe not enough, but it'll be better than nothing, and you won't really lose anything if things end up ok, since food can always be eaten.. dollars can't.



posted on Jan, 28 2008 @ 03:51 AM
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Originally posted by palehorse23
Reserves...that makes me laugh. That word has become a joke with this administration. We have depleted ours and others already. We do not even have the gold to back up our financial commitments and the dollar. We are in a downward spiral with virtually no reversal in sight. The next pres. isn't going to be able to bring us out of it either. The elite will not allow it to happen. This is what they want. They would never allow a person in office that would go against there wishes. Watch and see what happens. Mark my words. If i end up being wrong, I will gladly accept any "I told you soos" from opposing views.
Related thread:
gold price-manipulation by feds

Golden standard is dead from 1971 [or was it 1973]. US $ is backed by oil [petrodollar].



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