maybe roubini thinks poom is possible

[goadam1]

http://blogs.cfr.org/setser/2008/10/...etton-woods-2/

[metalman]

Re: maybe roubini thinks poom is possible

http://blogs.cfr.org/setser/2008/10/...etton-woods-2/

hilarious comments there. makes the most tin foil hatted here sound... well... sound.

1. October 21st, 2008 at 10:28 am
2. 3.1415 responds:
   Without hegemonic power, BW2 will be gone instantaneously and US will probably break up into quite a few independent states, speaking various dialects of English or Spanish. The real question is how long BW2 can sustain the American Empire? It sounds like a chicken and egg sort of question. The Empire needs a lot of cash to flex its muscles. It looks like that China is doing more and more to increase domestic demands and makes its socialism catching up with its evil but successful twin brother. The financial crisis forces China to quit its addiction on export economy. The Chinese leaders seem keen on using this opportunity to make China stronger with intrinsic strengths. As China looks inward more, there is less and less reason for China to buy the US fiat, either for profits or to keep its currency down. It is just a matter of time for BW2 to collapse. Predicting the exact time of death is difficult and not quite meaningful. But it will be a bang, not a fizzle, as US will try as hard as possible to squeeze its cash cow.

[touchring]

Re: maybe roubini thinks poom is possible

Hilarious but is the truth where things are heading if you look at what happened last 30 days.

hilarious comments there. makes the most tin foil hatted here sound... well... sound.

1. October 21st, 2008 at 10:28 am
2. 3.1415 responds:
   Without hegemonic power, BW2 will be gone instantaneously and US will probably break up into quite a few independent states, speaking various dialects of English or Spanish. The real question is how long BW2 can sustain the American Empire? It sounds like a chicken and egg sort of question. The Empire needs a lot of cash to flex its muscles. It looks like that China is doing more and more to increase domestic demands and makes its socialism catching up with its evil but successful twin brother. The financial crisis forces China to quit its addiction on export economy. The Chinese leaders seem keen on using this opportunity to make China stronger with intrinsic strengths. As China looks inward more, there is less and less reason for China to buy the US fiat, either for profits or to keep its currency down. It is just a matter of time for BW2 to collapse. Predicting the exact time of death is difficult and not quite meaningful. But it will be a bang, not a fizzle, as US will try as hard as possible to squeeze its cash cow.