Invented Enemies & Financial Busts

Stacy Summary:  Financial busts and fake enemies really go hand in hand, don’t they?  America has had fake enemy after fake enemy at an ever increasing rate and it never seems to stop working. I think the latest bout of fake war would be more fun, however, if we could compete, like during the Cold War, against our fake enemies in the Olympics. Imagine if the Taliban and alQaeda sent teams to compete in downhill skiing, basketball or gymnastics?   At least we would then be able to claim some ‘victories’ in the endless fake war.

30 thoughts on “Invented Enemies & Financial Busts”

  2. maxkeiser

    here’s the next 20 trillion in ‘surprise debts’ to show up..

    bon appetit

    http://www.gata.org/node/8080

    by the way, this will give the dollar a pop on the upside and gold will probably hit a small air pocket that will look very scary.

    the primary trends will be in place for a long time

  3. rich

    Anybody know where and when….I’m leaving N. America and don’t want to land in the centre of a Beck-pile.

  4. Michael Le Couteur MSCD, ret'd

    It does seem quite inevitable. I cannot imagine everything just going merrily along while Rome burns. Oh well, I guess all we can do is wait for the Aliens to save us eh?

    “Landru, guide us!”

  12. frances snoot

    “Strauss-Kahn said the two crucial factors to achieve the status of major economic power today are a big population and technological advances.”

    Now, that’s interesting from Strauss-Kahn! A big population a bonus?

  13. sklein

    @F. Snoot

    Now, that’s interesting from Strauss-Kahn! A big population a bonus?

    A big population of slaves is always a bonus.

  17. Dedo

    @Chalcedonite,…Use Potsdamer Platz as your base, I made the mistake of using the East side one time (it’s a shit hole).
    Potsdamer is quite central, so buzzing with activity.

  18. frances snoot

    Waging a war on a method against an enemy that has no real country is bound to fail and waste a lot of money in failure. As for where next, given Obama’s sabre rattling against Pakistan, that is one place to keep an eye on. Iran is another.

    Obama is not going to work on behalf of his own personal agency nor the agency of the Pentagon, the neocons, or the American war industrialists. Obama works on behalf of the UN Security council, which is bound to the vote of the five nations currently sitting with seats on that council:
    http://www.un.org/sc/members.asp

    Why does Mish ignore this fact? Obama received the Nobel Peace Prize for his willingness to lay down American hegemony for a coalition approach to war. The Afghan war is being fought without abeyance due to the UN Security mandate of 2001 being continually extended by the Security Council MANDATE.

    http://www.un.org/News/Press/docs/2009/sc9762.doc.htm

    The new ideology seems to be an adherence to the matter of disinfo, willful ignorance of the governing structure and protocol of the international players operating through the existing channels of the IMF/BIS UN BrettonWoods operation, to protect the interests of the G20 power vectors. Or perhaps to use the Americans as a handy scapegoat.

  19. frances snoot

    @SKlein:
    In the post-industrial world the superfluous populations of sovereign nations will be “everybody’s concern” seeing as the new ‘currency’ exchange which Strauss-Kahn is slavering over is based on the commodification of people’s right to breathe. In that scenerio, breathing would be a bit prohibitive to the good of the collective global agenda and not a bonus.

    I think Strauss-Kahn is deflecting his intent.

  20. Dante

    Judge blasts bad bank, erases 525G debt

    A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.
    Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its “harsh, repugnant, shocking and repulsive” acts.
    The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.

    http://tinyurl.com/ykql2ly

  21. frances snoot

    As for where next, given Obama’s sabre rattling against Pakistan, that is one place to keep an eye on. Iran is another.

    Skip the hype, the press, and go to the source of the UN Security Council to see which way the war goeth:

    http://www.un.org/Docs/sc/

    Recent activity:
    http://www.un.org/Docs/sc/unsc_resolutions09.htm

    Mandates are listed individually at this site:
    http://www.un.org/en/

    OBAMA WILL NOT PROCEED WITH ANY ACTION OUTSIDE A MANDATE APPROVED BY THE MEMBERS OF THE SECURITY COUNCIL.

    To say otherwise is to practice speculative journalism.

  22. PatrickEA

    I perceive a contradiction in this article, perhaps one of you guys can elaborate and explain it for me:

    Faber: The best way to deal with any economic problem is to let the market work it through.
    Mish: Agreed

    Faber: The way communism collapsed, capitalism will collapse.
    Mish: I disagree on a technicality. Capitalism will not collapse, because we are not practicing capitalism. Instead, we are practicing a perverse blend of corporate fascism, socialism, corruption, and padding of the pockets for and by those running the country. Yes, that will collapse.

    Mish claims that we don’t have a proper capitalistic system. If such is the case then how can he agree with Faber on the former point that the ‘market’ can work through the problem?

  23. frances snoot

    @PatrickEA;
    Mish says that the best method is free market working but that we don’t have a free market so that the best method wasn’t a viable alternative. In that there is no contradiction.

    Our economy was a ponzi-securitization scheme run through the currency cartel. The economy has been destroyed through the death of securitization. The Fed has blown money through the system using Talf to keep the engine from seizing. Talf ends in June 2010.

  28. Tony

    I LOVE DR. DOOM!! Dr. Faber did not say anything new in this article. It is cool to see one of the top deglationist Mish comment on one of the top deflationist. Faber is not as ridgid as Peter Schiff and he’s spookier than Rodgers. Mish could keep up with any of them. I still say Faber is the most Yoda like. You don’t argue with Yoda!!!

  29. george mcclure

    As i said, Faber is a little lisping twerp with a billion dollars. Like Bill Gates, a jerk with a ride. I’m unimpressed. Many people are good at synthesis, few at truth and original thought.

    Although i’ve only looked at a few Mish Shedlock articles and clips, i’m (preliminarily) similarly unimpressed with him.

  30. MISHOPSHNO

    sidney warburg

    Like Macbeth,the Ghost will not stop haunting Tony!

    BTW, why did you pick that fairly obscure moniker (which I understand thoroughly)

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