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Originally posted by Dance4Life
reply to post by projectvxn
I am not worried, just an opinion.
Good luck
Originally posted by projectvxn
reply to post by Amaterasu
I can guarantee the reset will cause starvation, riots, and misery as well. The difference is I don't think I can control the world and how it works with theories. Nor do I think I can prevent the natural consequences of human actions.
John Maynard Keynes worked on his theories for decades, and we're seeing the breakdown of Keynes economic theory today. Einstein worked on his theories from the late 19th to the mid 20th century and not but 60 years later many of his theories are being turned on their heads.
Fears over the escalating nuclear crisis in Japan overtook financial markets around the globe Tuesday, pushing stocks and other investments lower. The Japanese stock market lost 10 percent of its value, and Wall Street dropped steeply before bouncing back.
The Japanese Nikkei average fell to its lowest level in nearly two years after the country's prime minister said four crippled reactors at a nuclear power plant on the country's devastated coast were leaking dangerous amounts of radiation.
In the U.S., the Dow Jones industrial average fell almost 300 points at the opening bell. The futures market, which can indicate how stocks will perform, looked so ugly before trading began that the New York Stock Exchange invoked a special rule to smooth volatility.
Japan may sell some of its foreign holdings, including U.S. debt, to finance increased spending after the country’s strongest earthquake left millions without electricity or water, according to Brown Brothers Harriman & Co.
“The scope for, again, massive fiscal spending, seems to be there,” Win Thin, the firm’s head of emerging-markets strategy at Brown Brothers in New York, said in a Bloomberg radio interview on “Bloomberg Surveillance” with Ken Prewitt. “If they have to raise these funds domestically, they may have to sell some of their holdings elsewhere.”
(RALEIGH) -- It is still too early to measure the entire effect of Japan's earthquake on the U-S economy. But NC State University economics professor Mike Walden said there will definitely be some effect.
"They are an enormous economy. They, of course, were the big focus of our competition about two decades ago. They've kind of been supplanted by China, but there are all kinds of economic relationships between the U.S. and Japan, not just things we buy from them but we have producers here that sell to Japan," said Walden.
While the mainstream media have jumped at the opportunity to report on possible nuclear meltdowns in Japan, alerting Americans on the west coast to beware potential radiation (and are also likely to use the opportunity to push an anti-nuclear energy agenda), they have wholly ignored the more critical impending meltdown: that of the Japanese bond market, which would have a severe impact on the American market.
Originally posted by projectvxn
reply to post by Amaterasu
I ran a google search for it..
It's just more of that Zeitgeist Movement star trek economy tripe.
Sorry, not interested. Come back in 200 years and maybe you'll have a shot at it.edit on 16-3-2011 by projectvxn because: (no reason given)