So this is the game

[gwynedd1]

http://www.marketoracle.co.uk/Article13701.html



Oh this is brutal. Austerity is coming.

[Mega]

Re: So this is the game

...............in a nut shell?
Mike

[aaron]

Re: So this is the game

The article is over 2 years old. The dollar is not below 70, but everything else was pretty accurate. Still at zero % interest.

[FRED]

Re: So this is the game

http://www.marketoracle.co.uk/Article13701.html



Oh this is brutal. Austerity is coming.

Would have been nice if Market Oracle credited iTulip for our idea and artwork. Oh, well.

[gwynedd1]

Re: So this is the game

Would have been nice if Market Oracle credited iTulip for our idea and artwork. Oh, well.

That isn't very nice. If it helps I do oft mention this site.

Just curious, did you also come to the same conclusion that there will be political pressure to actually keep our economy in a state of misery? If you run up the credit card on one account , you are not going to want the interest rate to rise. Thus I suspect there will be moneyed interests that will seal this fate. To me it is quite obvious they do not intend to fix this economy.

[gwynedd1]

Re: So this is the game

The article is over 2 years old. The dollar is not below 70, but everything else was pretty accurate. Still at zero % interest.

What is particularly clear to me now is the motive. I wonder if Europe knows how vulnerable it is? If they implode, think of the absorption dollar carry trade may have to give it a real soaking. The ECB has no such apparatus for offense in a currency war do they?

[*T*]

Re: So this is the game

It's a Jim Willie piece. Writing style of a muppet, but consistently good forecasts. I still read him. I am disappointed he didn't credit your pic.

[globaleconomicollaps]

Re: So this is the game

Would have been nice if Market Oracle credited iTulip for our idea and artwork. Oh, well.

I am shocked that "Jim Willie", the most revered figure in the demented gold bug universe, of all people, would crib material from iTulip! How could I have missed this epic treachery! A giant with feet of clay.

Thou, O king, sawest, and behold a great image. This great image, whose brightness was excellent, stood before thee; and the form thereof was terrible.
This image's head was of fine gold, his breast and his arms of silver, his belly and his thighs of brass,
His legs of iron, his feet part of iron and part of clay. (Daniel 2:31-33)
...
And whereas thou sawest the feet and toes, part of potters' clay, and part of iron, the kingdom shall be divided; but there shall be in it of the strength of the iron, forasmuch as thou sawest the iron mixed with miry clay.
And as the toes of the feet were part of iron, and part of clay, so the kingdom shall be partly strong, and partly broken.
And whereas thou sawest iron mixed with miry clay, they shall mingle themselves with the seed of men: but they shall not cleave one to another, even as iron is not mixed with clay. (Daniel 2:41-43)

I bow my head in shame.

;-)