What are we not being told?

[Jam]

Re: What are we not being told?

Hi $#*. Can you point me to a post in which you lay out the reasons why this is a phony crisis? Also, is it your position that this is a false crisis (no real danger of systemic failure), or an engineered crisis (real danger of systemic failure, but created for a purpose)?

...

However, that's mainly my bias against conspiracy-type theories talking. I don't want to dismiss your viewpoint unfairly, because -- as Lukester says -- WTFDIK. It ain't like I'm right much of the time.

To me it looks like the administration is using a page from the same playbook used in the case of 9/11. First, sit on their hands, doing little or nothing in terms of prevention, and when something bad happens, use it as an excuse for power grab, prodding the Congress to pass convenient laws quickly and without the usual scrutiny. I don't think there is a conspiracy--as in setting in motion a plan to bring the system to the brink of a meltdown to create conditions for power grab--but there is certainly neglect followed by opportunism.

Incidentally, Ash, your opinions and analyses are always a pleasure to read as they are exceptionally well thought through and lucid.

[Supercilious]

Re: What are we not being told?

Hi $#*. Can you point me to a post in which you lay out the reasons why this is a phony crisis? Also, is it your position that this is a false crisis (no real danger of systemic failure), or an engineered crisis (real danger of systemic failure, but created for a purpose)?

Everything I think I understand about economics says that there is a real problem. The genesis of the problem appears to me to be regulatory changes in the 90's (relaxation of reserve fraction requirements plus some deregulation of the banking sector), followed by growth of the FIRE economy, plus the structural bias of the financial industry and government toward short-term outcomes, plus bad risk models, plus normal human cupidity. The problems which are claimed to exist -- mortgages which cannot be paid, defaults on same, write-downs on MBS hitting capitalization of banking institutions, etc. etc. also seem to be objectively real.

How is this smoke and mirrors? It seems to me that your perspective of what is real, vs. what is apparent, is quite a bit different from my own. I'd like to understand it better. As you can see, I drink the "mainstream iTulip koolaid" -- whatever that is -- and your view is a good deal different. I would benefit from a fresh perspective, but I'd like to see it explained in greater detail.

Ash sorry for not replying earlier. I'm quite busy right now with some personal and tedious issues. With the risk of imitating Fred I'll reply with links:

The silent deregulation didn't start in the '90s, it has a longer history:
http://www.pbs.org/wgbh/pages/frontl...ll/demise.html

Why exactly it happens? That's my best explanation (still refining the model but lately I'm quite busy with personal stuff)
http://www.itulip.com/forums/showpos...0&postcount=14

Also there is some stuff in my first message on this forum at the Oil Bubble thread:
http://www.itulip.com/forums/showthread.php?t=4445

What is the general unfolding mechanism I suspect it takes place?
http://www.itulip.com/forums/showpos...09&postcount=7


How exactly are they manipulating us?
http://www.itulip.com/forums/showpos...9&postcount=30


Who are they (them)? Put your tinfoil hat and read carefully. They are the Illuminati:
http://www.itulip.com/forums/showpos...3&postcount=35

Basically that's the rough screwball idea...

[ASH]

Re: What are we not being told?

[QUOTE=$#*;49256]Ash sorry for not replying earlier. I'm quite busy right now with some personal and tedious issues. With the risk of imitating Fred I'll reply with links:
QUOTE]

Thanks, $#*, that is exactly what I had hoped for. No reason to make you re-write what you've already expressed. I appreciate you grouping the links for me. Will read them shortly...