Webster Tarpley nailing it in 1995

[verdo]

If only I were old enough to both see it and understand it all back then

[Mega]

Re: Webster Tarpley nailing it in 1995

Yes, it stunning just how long the West have been able to keep the ponzi-paper scam going.........Tec bubble, house price bubble...........
Mike

[NCR85]

Re: Webster Tarpley nailing it in 1995

with guys like these its always the question whether they are geniuses for calling it so early, or fools for being wrong so long before the collapse happened. he clearly expects the crisis to materialize soon in this lecture. if you bet on asset market collapse at the time of this lecture you would have lost a lot of money (DOW was 4500 then). arguably the 2008 crisis also hasn't been as dramatic as he implies it would be, although the real fireworks may still be on the way.

this being said, in identifying derivative speculation as a major problem he was way ahead of the curve.

by the way, what's interesting is that he lays out the case of a Ka-Poom scenario much like Janszen does. first collapse, then disintegration, possibly/likely in inflationary form. although again over-dramatizing by calling it hyperinflation.

[don]

Re: Webster Tarpley nailing it in 1995

derivative speculation as a major problem

or is the real problem having no FIRE wall between commercial and investment banking.

Wanna speculate? Go for it, but not with our savings . . . and take your losses when they come

[santafe2]

Re: Webster Tarpley nailing it in 1995

Even a stopped watch is correct twice a day. Tarpley was a follower of Lyndon LaRouche. He mentions LaRouche in the first minute of the lecture. Think grand conspiracies, Masons as the root of all evil, etc.

[gwynedd1]

Re: Webster Tarpley nailing it in 1995

Even a stopped watch is correct twice a day. Tarpley was a follower of Lyndon LaRouche. He mentions LaRouche in the first minute of the lecture. Think grand conspiracies, Masons as the root of all evil, etc.

The problem is LaRouche seems less crazy than before. Granted he is a little overwrought and has far too many doomsday declarations. However he also understand the mechanics of the FIRE sector model whereas many "sane" people do not.