Stacy Summary: Oh boy, there was one Canadian who did the whole ‘stick to what you know’ shtick when I pointed out the numbers on income and prices in Canada suggested a bubble there, or at least in some parts of the country. Anyway, looks like others are also expecting a Minsky moment soon.
“. . . the OECD finds Canada has the highest consumer debt to financial asset ratio among 10 OECD countries, including the U.S.”
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It’s moments like these you need Minsky…
http://www.youtube.com/watch?v=pFF3KNJH6JY
David’s report merely scratches the surface of the issue. Much more in-depth research was done by A. Pestov in February 2010: http://www.scribd.com/doc/28454918/Canadian-Housing-Bubble
May as well add this:
David Berner on Vancouver’s Misguided Drug Policy (Part 1)
http://www.youtube.com/watch?v=An1eWzS9l1I&feature=player_embedded
Part Deux
http://www.youtube.com/watch?v=C6ZyB-Kx3MQ&feature=player_embedded
Part Trois
http://www.youtube.com/watch?v=CMEdk0Jwi18&feature=player_embedded
Part Cat
http://www.youtube.com/watch?v=ej_nBVMi4Vw&feature=player_embedded
@Ray in Vancouver
Correct. But you forgot to add the homelessness and drug problems in Vancouver. People are starting to realize that maybe it isn’t such a great idea to pay $1,000,000 for a condo just to have to live next to crack whores. Aside from the real estate prices, Vancouver has much higher social problem issues relative to its population than any other city in North America. It’s so bad that a friend of mine has come up with a phrase to describe the government’s reaction to the problem: Social Industrial Complex. i.e. the government is creating a massive industry around the problem instead of fixing the problem. It’s just to big to fix, so why not rape the taxpayers, build up a huge industry around it and keep the party going?
Here, enjoy:
http://vreaa.wordpress.com/2009/12/27/prediction-for-the-coming-decade-a-real-estate-bear-market-will-be-vancouvers-defining-social-and-economic-event/
(Sorry for being on topic) lol
@Marc I think this means that anything with a positive cash flow is golden.
Here Chinese money grew the market. People fled Hong Kong when the
Communists took over. Some are deciding
To go home, owning 5 apartments
You can’t rent out isn’t working out.
Yeah well. Some of us here have been waiting for this a long time. The housing bubble really ballooned when Stephen Harper was made Prime Minister. He started deregulating the banks and the real estate industry. He invited AIG into the previously highly regulated home insurance market. He introduced the 40 year no down payment fixed rate mortgage. He took 75 billion dollars off the backs of the banks (equivalent to Fannie and Freddie bailout). He ordered the CMHC to massively its holdings of securitized homes.
Meanwhile he is going all over the world getting praised for being such a great regulator of the economy. Astonishingly many people here and elsewhere actually believe that propaganda.
@Youri
It’s part of the eugenic plan. Starve the old pensioners of any significant yield and return on investments to exterminate them. Robbing the old to pay Lord of the Flies, Lloyd Blanfien bonuses. USA is a Nazi country. Unfortunately so is the rest of the world. No place to hide or safe investment.
To make 100,000$ per year of net earnings, you would nere something like 50 million dollars of US treasuries notes.
@ Dedo
Searching? Ah… must have become distracted. Caught up actually.
Do you remember what the search was about?
Don’t forget to attend my upcoming shamanism seminar on Oahu, 16-17 October. (Complementary 3 gram pouch of salvia divinorum for MK commenters.)
http://www.youtube.com/watch?v=fc9JzvuvNkA
@Tofu,….Thanks for the link !
His Regeneromic site is cool,.. love the perspective
BTW: ATBGA,…How’s the searching going? : )
About the incident in Silver Springs, Md.:
“The real Eco-Extremism is neo-Malthusian paranoia about exploding populations and resource scarcity.”
I posted this comment just over a day before the hostage incident at the Discovery Channel headquarters. Malthusianism has ever been a tool of both wings of the elite to cleanse or erase the undesirables. The fight against immigration, welfare for the poor and healthcare for the poor are all Malthusian battles. Libertarians implicitly champion Malthusianism(Socially Planned Pop. Control) with the same breath they damn other forms of Social Planning(cf. Hayek, Road to Serfdom). Libertarian Economic Theory’s solipsism begs so many other hypocrisies. (Private Property, Incorporation and, the holiest of all holies, Markets are all socially planned and impossible without a State.)
The fear of minority birth rates in the early 20th Century led to the creation of Planned Parenthood. So the left and right often find common cause when it comes to the poor. They both agree the poor should breed less or just disappear.
Israel’s West Bank cleansing and the Gaza open air prison are Malthusian measures to limit Palestinian birth rates and population growth.
Smoking post-coital cigarette and giggling at the tea plate sized purple bruise prosody of Snoot. “Zephyr Wind”— the redundancy–Zephyr is the West Wind….Too little education often leads to superfluous words. cf. Islamophobes and “Sharia Law”……
Reagan’s policies were left of Obama. As Tao correctly stated, “Obama talks left and acts right.”(paraphrase) He even one ups Dubya with his Assassination Warrants without due process on US Citizens he deems are a “terrorist threat”. When a President can issue a death penalty on a US Citizen without due process of law he practices the ancient Imperium of Roman Emperors and the King’s Divine Right over his subjects in Absolute Monarchy. Greenwald’s work on the continuing disintegration of Civil Liberties in the US should be required reading.
I hope everyone has the best day they’ve ever had until the next one.
@ Tofu Charlie
The site can be rewarding for newbies. Once you see the taboo areas and how the site toes the line, it ceases to amuse.
Saint AW is not bad in some areas. Lives on or near a Norad facility, and toes the line. Set up a knock-off of Glen Kealey’s old site (now http://www.opednews.com/populum/linkframe.php?linkid=54227) and sells a slightly rearranged version of “The Kealey Papers” as his own original work. Kealey doesn’t complain because he lifted the contents from Masonic publications. Good stuff.
@anythingbut — thanks… that opednews page linked here:
http://allaircraftarenotinvolved.freeforums.org/fintan-hertzberg-kos-du-brad-bev-and-the-raw-story-t160.html#1424
some interesting details (and some misleading details) from what I can tell)…
still digging, still trying to figure it out. Have been listening to some of Fintan Dunne’s podcasts, and I think they’re pretty good.
Your thoughts?
@ Tofu Charlie
Hmm, there’s been quite the purge after the BFN op hit the skids a while back.This link is more helpful.
http://www.opednews.com/populum/linkframe.php?linkid=54227
@ Tofu Charlie
Actors, comedians…
http://parapolitics.info/2007/09/03/fintan-dunne-investigating-steven-hertzberg-of-election-science-institute-and-ron-paul-online/
Gatekeepers generally have to suppress “September Clues”.
http://www.youtube.com/SimonShack
The 11 Dimensions of Reality
http://www.youtube.com/watch?v=pO0kikKcjuM&feature=related
@ Tofu Charlie – great link (for Dedo) which I hijacked, thanks. Have you seen:
http://www.youtube.com/watch?v=R_w4HYXuo9M
There’s a longer version available
@Dedo — ever heard of Fintan Dunne? You might like this guys output:
http://www.breakfornews.com/
…
@Y’all
Long time no C
@Youri
Before gatekeeper AJ rose from the ashes of stalled comedian BH:
http://www.youtube.com/watch?v=MmHMz3U0q4U
It’s all smoke and mirrors.
The Business of Terror
State terror – colonization abroad and political repression at home – is a key means of extracting profits and maintaining ownership of property. Ask the American Indian.
http://www.consortiumnews.com/2010/083110b.html
@Tao Jonesing
Why do you have to turn this into a race issue?
I am an educated man. I run my own business. I have money and zero debt. I have lived and worked in many different countries and continue to this very day. I have traveled extensively throughout Europe and Asia. I consider myself very well read. I am in an interracial marriage and have multiracial children. And I have had incredible experiences in my life–professional, recreational, good, and bad.
That said, and point being, when I see turds like you spew this race garbage and continue to throw labels around like a junior high school kid after his first social studies class it irks me.
The continued pursuit of freedom and liberty is not some ideology or theology, it’s the natural course of nature! If it leads to Earth’s demise than so be it because this is what nature intended. You can try and hijack the Discovery channel if you want, because some novel has twisted your reality of what it is to be human, but all it will get you is closer to what nature has already intended for you….
Godbless me? Maybe, but I tend to think they I got where I am because of my two feet, one brain, and my continued search for freedom and liberty.
@Serf David,
“Dude, why do you continue to spew your nonsense about Libertarians and the Tea Party?”
Dude, why do you call yourself “Sir” when you are clearly a willing serf?
Modern middle class (and lower) libertarian followers pursue policies that impoverish themselves, all in the name of a form of “liberty” that enslaves them. The Tea Party is predominantly a bunch of seniors who distrust “the blacks” and think “the blacks” want to take what is rightfully theirs.
All I can say is follow your bliss. Doing so will almost assuredly benefit me as a member of the rentier class. God bless (even though I think God is a complete fiction).
@Sir David,
“The Tea Party is right of Pat Buchanan?!?!? ”
Yes. Pat is a true paleocon. He’s also a Catholic, which means he is not an evangelical of the Tea Party variety. Personally, I love the guy and his honesty.
You really don’t understand the dividing lines of modern American conservatism do you? Back in the ’60s the Birchers accused Catholics of being the agents of foreign governments.
@Sir David,
“Are you an idiot???”
No.
Next stupid question . . .
LOL
Errr Emmm Bailout Season Begins
http://news.yahoo.com/s/ap/20100902/ap_on_bi_ge/us_financial_crisis_bernanke
Bernanke testifying to crisis inquiry panel
WASHINGTON – Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.
Bernanke led the economy through the tumultuous months of the most severe recession since the 1930s, as the Federal Reserve took extraordinary measures to inject hundreds of billions into the battered financial system.
@Tao Jonesing
Dude, why do you continue to spew your nonsense about Libertarians and the Tea Party? The Tea Party is right of Pat Buchanan?!?!? Are you an idiot???
http://www.youtube.com/watch?v=B5cu4CDWbQk&feature=related
Er, those Canucks might have a lot of debt, but don’t they also have an unemployment rate below 10%
Otherwise I agree that like almost anywhere else they have some real estate pricing issues.
@Marc,
I’m just bummed out.
@WL,
” I would have Obama left of Reagan and the Tea Partiers close to Reagan Republicans.”
I was a Reagan fan boy, and I could not possibly vote for a Tea Party candidate. The big difference is the Tea Party tends to be evangelical christianist. There are ideological libertarian followers mixed in (and I sympathize for them, actually), but the Tea Party is well right of Reagan.
Think of it this way: Pat Buchanan was right of Reagan, and the Tea Party is right of Pat Buchanan. Reagan used evangelicals and Birchers as tools, the Tea Party are the tools.
“However, I see two dimensions, left/right and Anarchy/Statism. Both the left and right have moved toward Statism since Reagan, that is why Obamas actions are similar to Bush.”
Those are good dimensions to acknowledge. Very consistent with the “political compass” website (google it and have fun). Neoliberalism (aka what modern folks consider as libertarianism) is, in actuality, a statist beast that is riding to popular appeal on the false premise of individual liberty.
The reason that Obama is channelling Bush is that he, also, is a neoliberal. Both major political parties in the American system are led by neoliberals. Only the bases differ. The Republican base is much more energized and cohesive. The Democratic base has buyer’s remorse.
I was in Washington, D.C. a couple of months before the election in a room full of lawyers from a very influential D.C. law firm that were all very enthusiastic about Obama. They were quite surprised when I, as the client, told them that their faith in Obama was woefully misplaced. I told them flat out that Obama had put Social Security on the table. They disagreed. I wonder what they think now?
I still wish that McCain would have nominated Colin Powell or anybody other than Palin as VP. I could have voted for that sad shell of a man.
“Also, both left and right can be Fascist.”
Again, no. Fascism was and always is a nationalist, anti-intellectual and anti-liberal movement. Since liberals are always classified as nation-hating leftists and typically supported by intellectuals, the left is ruled out of being labeled fascists. That doesn’t mean that you can’t have leftist authoritarianism or leftist totalitarianism, which can be just as bad but in a different way.
You can say that I’m splitting hairs again, but I can argue that you’re just saying that everybody can be an overbearing asshole. If you want to simplify things to that level, I’m with you. Until then, I’m all for precision of language.
No NO No
Who’s on second.
Obama right
And I am in left field
Remember Bob Hope and Johnny Cash….Now we have Obama and no hope or cash
Hell yeah there’s a bubble. And all the land speculators are out here in Asia raising money to help inflate it. They call it “land banking” but I call it bubble gum!!!
I thought these comments pertained to the “Canada Housing Bubble” article?
@california doctor,
“Message to Washington DC – REPEAL THE 16TH AMENDMENT!”
As a fourth generation Californian, I’m all for repealing the part that says “without apportionment.” I’m tired of paying for welfare in all the anti-welfare red states.
As an American, my feelings are a bit more mixed. I’d prefer to end the wars and the military industrial complex first.
@Dan valley -
Apparently, stealing money from the young to give to the old was not enough.
So, these criminals began stealing from the unborn children of the young too.
And, apparently, that is also not enough. So, they will now steal from the grandchildren of the young as well.
My children and grandchildren are doomed.
Message to Washington DC – REPEAL THE 16TH AMENDMENT!
Big hurricane going to give a punch to the Hamptons?
http://www.nhc.noaa.gov/refresh/graphics_at2+shtml/031256.shtml?hwind120?large#contents
So when AIG’s Blankfein and JPMC’s Dimon are seeing the Hamptons estates ravaged by “god”, will they get another bail out to rebuild there again?
With whose money? msnbc_business: White House economist calls for more stimulus http://bit.ly/98QEM1
Financial Depression Spreads Among Seniors http://www.blacklistednews.com/news-10384-0-13-13–.html
Ancient brew masters tapped drug secrets http://www.physorg.com/news202459514.html
A chemical analysis of the bones of ancient Nubians shows that they were regularly consuming tetracycline, most likely in their beer. The finding is the strongest evidence yet that the art of making antibiotics, which officially dates to the discovery of penicillin in 1928, was common practice nearly 2,000 years ago.
Police kill Discovery building gunman
Lee said at the time that he experienced an ‘‘awakening” when he watched former Vice President Al Gore’s environmental documentary ‘‘An Inconvenient Truth.”
http://www.msnbc.msn.com/id/38957020/ns/us_news-crime_and_courts/
@Tao
You have a left wing bankster bum.
You have a right wing bankster bum.
And you and I in the middle. Ger it ?
http://en.wikipedia.org/wiki/Buttocks
@Tao
Interesting view..
I do see thing different though the caveat, i am not American and have a different perspective. I would have Obama left of Reagan and the Tea Partiers close to Reagan Republicans. However, I see two dimensions, left/right and Anarchy/Statism. Both the left and right have moved toward Statism since Reagan, that is why Obamas actions are similar to Bush. Also, both left and right can be Fascist.
http://www.politicalcompass.org/analysis2
Rectification: (My brain was switched of half)
MEDICAL BOARD ADMITS MMR VACCIN CAUSED BRAIN DAMAGE!
In the U.S.:
Autism-vaccine appeal ruling disappoints family, 1 september 2010, (CNN) http://pagingdrgupta.blogs.cnn.com/2010/09/01/autism-vaccine-appeal-ruling-disappoints-family/
The family representing thousands of families who believe the measles vaccine caused their children’s autism are “extremely disappointed” a decision last week by the U.S. Court of Appeals for the Federal Circuit. It upheld a special vaccine court’s ruling denying a link between vaccines and autism.
So,
MEDICAL BOARD ADMITS MMR VACCIN CAUSED AUTISM
In case your brain was switched off and mis the over all stretch of the article above.
@WL,
re: right v. center v. left
The issue is not so much orientation as it is movement politics. The center, however you define it, is never a “movement.” There has not been a left movement in decades because it devolved into identity politics in the 60s and 70s after a few decades of being on top. There is a clear right movement, and it’s best represented by the Tea Party and it is hard right (i.e., people who were considered conservative Republicans in the Reagan era need not apply).
What’s happened is that the left and center are determined almost entirely by how close they are to the right, and the right keeps moving rightward.
If I were to identify who I think as the “Left” these days, it would be people like Glenn Greenwald, Jane Hamsher, Dennis Kucinich and Bernie Sanders. Why? Because they believe in civil liberty, equal justice and the idea that government can play a positive role in balancing individual liberty and corporate power. With the exception of Sanders, these people are essentially left-leaning libertarians in the traditional sense.
I guess that leaves the neoliberals (modern libertarians) and neocons as the center.
How fuckin’ scary is that? The “liberal media” sure has done a bang up job.
Man disabled by MMR vaccine awarded £90,000 after 13-year fight http://www.telegraph.co.uk/health/healthnews/7970315/Man-disabled-by-MMR-vaccine-awarded-90000-after-13-year-fight.html
@Canada Real Estate Website For Price-Checking:
http://mls.ca
Toronto real estate prices monthly chart:
http://www.gettingtechnical.com/01_home/market_commentary/treb.jpg
Long term bond rates have collapsed in Canada to historic lows, while the media portrays rates as rising:
http://www.bankofcanada.ca/en/rates/bonds.html
New Search Engine Blekko Is Not For The Lazy http://www.businessinsider.com/blekko-2010-9
@WL,
“If Obama is right of center, “who is the center”
By today’s standards, Ronald Reagan would define the center.
If you judge Obama by what he says, he’s left of center. If you judge Obama by what he does, he’s right of center (i.e., Reagan). If you compare Obama’s policies to Bush’s (abusing civil liberties, corporate giveaways, etc.), an objective person would be hard-pressed to find a real difference.
Fun pic: http://static.businessinsider.com/image/4c7bfe097f8b9af549f50700-400-300/image.jpg
Market Data Firm Spots the Tracks of Bizarre Robot Traders http://tinyurl.com/35b8ehs
@Youri
The problen is that is wasn’t a recession but a depression.
@Tom
Don’t intend becoming a crazy killing Greenie. If you calculate the number of stupid people the task is too long. Anyways this asshole Mister Vendetta (what a strange name) shouldn’t worry too much. Thrid World III is coming. If the jerk had waited Dick Cheney and the neo-con Nazis would have realized his dreams of mass extermination of the parasites we humans are supposed to be. Vendetta must have read Ecoscience by John Holdrin. Crazy demented greenie crakpot.
“What is left”
“Who is the center’
“Where is the right”
“The Chinese plate looked very blue,
And wailed, “Oh, dear! what shall we do!”"
The Chinese plate is living on purloined innocence. Being a sort of objectified member of the ‘family’, he has merely absorbed the narrative from the meowing and barking which proceeded the ‘spat’. Indeed, one could say that as mercantilist interest object, the plate is the most necessary object in the room: but not moreso than the Dutch Clock. Both dog and cat regard the plate as an identifying mechanism. They are not fighting OVER the plate but fighting INFRONTOF the plate: as we see represented by seeded interest from the inception of capital gain.
And being objectified, wailing and covering the face of his glory is a humble act. Do you think he feels a bit of empathy for the unlikely duel?
I mentioned left and right as I’ve been observing the narrative spun by the Dutch Clock in hourly chimes, and I think I hear a bark and a mew.
@Tao
If Obama is right of center, “who is the center”
@From Miss SillY:
The answer to “who is the left” is on your right, Tao.
Crikey Max!
Great content on your site but your bloggers s-u-u-u-u-u-c-k.
@snoot,
“Greenwald is merely a paid writer.”
Okay. So that means anybody who is paid for saying what they say is not a member of this “Left” of which you speak. Great. Got it. So who is the Left again?
@ @Prince Charles of the seeded truth:
don’t fret Snoot, my reign shall be brief tonight, I am off to play Poke’mons on the Emulator I just downloaded….game piracy, not as spectacular as tagging of the youth but we all rebel as we see fit now
as to the querry of Chinese Plate, ahh must be slower than normal missing the reference tonight
was impressed with this little Deconstruction/ Post Structuralism blurb tonight from ya
“We should never put writers on pedestals as they often reveal inconsistencies in their words and are as wayward as a zephyr wind. Watch them topple over and crash to the floor while laughing.”
just wish you were willing to climb fully out on the Decentering branch and not just topple Writers but everyone and everything from the little pedestals
night night for a while
@WL
Sorry for attributing your name to snoot’s silliness.
.
Construction Spending in U.S. Declined Twice as Much as Forecast in July tumbles to 10-year low http://www.bloomberg.com/news/2010-09-01/u-s-construction-spending-declines-to-lowest-level-in-decade-in-august.html
I actually know right wingers in America that want a depression. They hate Obama that much plus they think so of their ideas would stand a better chance in a crisis.
@Prince Charles of the seeded truth:
Who is the Chinese Plate?
ahahahahhhhhhhhhhhhhaahahahahahahh Stupid Fat Pig didn’t understand the Recession aahahahaah Can you believ that!!!!?
Outgoing Obama Aide Admits: Stimulus Failed Because We Didn’t Understand The Recession http://www.businessinsider.com/chrstina-romer-not-my-fathers-recession-2010-9
(Excuse my French cause normaly I never call somebody names on the way they look but this made me so fuckin Angry!!!!!)
finally home
@ frances snoot
let’s be honest here…the LEFT in America and a good chunk of Europe got co-opted by the State and Parlimentrilism, believing they could make peace with the beast…those who still tried to strike the Radical Chic pose, then lost itself in Identity Politics when it failed to formulate a decent reply to the outsourcing of Ture cost of the Mash Potatoes and Roast Beef of Capitolism
@ THIS
“And if the time comes when one is needed, the Left refuses to move from their cloister but Donns the habit of the priest and finds the new body and blood to enslave the weak and the silly.”
My brethern have been screaming against the “Black and the Red”
since the inception of one demanding to hold dominion over another.That is THE LEFT I cast my lot with..you can pose all you want but the RIGHT, PROGRESSIVES, LIBREALISM, LIBERTARINISM just don’t have the bona fides to walk that walk
Speaking of Dutch clocks:
http://www.antique-horology.org/MuseumoftheDutchclock/default.htm
We should never put writers on pedestals as they often reveal inconsistencies in their words and are as wayward as a zephyr wind. Watch them topple over and crash to the floor while laughing.
Mr. TJ:
You seem to identify with the cat. And cats are notoriously deceptive and unpredictable creatures. Dogs are more habitual and steady, but rather dumb in their loyal attachments.
Greenwald is merely a paid writer.
The Dutch Clock. Asserting linear reality according to the context of the poem and perhaps the most guilty party.
@WL,
“The Left are shockingly silent about the World Bank Group activities.”
Who is this “Left” of which you speak?
“The Left has cozied up to the police state with abandon: smoking the post-sex cigarette coyly on the sofa.”
Does the “Left” include Glenn Greenwald and people like him? He has been the single most vociferous critic of Obama’s continuation and expansion of Dubya’s police state policies.
While I think it is fair to say Obama and the Obamabots have cozied up to the police state, they aren’t the “Left.” They’re right of center.
“The Left cashes in on deception and human tragedy with rhetoric borne of ineptitude and want.”
Obama and the leading Democrats do that, but they’re not the “Left.” They routinely bag on the liberals in their party.
“The Left finds solace in chains.”
If you’re right, it sounds like the libertarians have company.
“And if the time comes when one is needed, the Left refuses to move from their cloister but Donns the habit of the priest and finds the new body and blood to enslave the weak and the silly.”
Like I said: if you’re right, it sounds like the libertarians have company.
http://www.bartleby.com/102/231.html
There’s your left and right, DanV. Now, I guess that the left is the cat and the right is the dog. But who is the Chinese Plate? The narrator, of course, is the one recording events for posterity.
A WL are U a Visine salesman?
@Snoot..sad tis true…however as Jim sayz….Probably inevitable but timing highly variable. Not too late to buy time w/ better policies; just very unlikely
For people who havn’t seen them yet 911 special pics
Pics you havn’t seen elsewhere on the net. 911 Pyroclastic flow picture Slideshow: http://smg.photobucket.com/albums/v393/youricarma/NineOneOne/?albumview=slideshow
The International Center for 9/11 Studies has secured the release of hundreds of hours of video footage and tens of thousands of photographs used by the National Institute of Standards and Technology (NIST) for its investigation of the collapse of the World Trade Center Twin Towers and Building 7. This material is being released to the Center under the Freedom of Information Act, in response to a lawsuit the Center filed against NIST.
http://911blogger.com/news/2010-08-31/international-center-911-studies-secures-release-thousands-photos-and-videos-nist
Remember: the closer one approaches zero, the more the resistance. And that includes zero growth.
Things are going to get messy.
@DanValley:
I find it disappointing because it would be nice to believe in something other than Valley Forge. Don’t you think so?
Maybe it’s like the gingham dog and the calico cat and both sides will spat till they eat each other up? Then nature will run her own causeway.
Did Stacy go to Connecticut?
LOL
You have perfectly captured a moment of shame that one can almost smell the cheap hotel furnishing awash with lust water.
Oh Yeah, Building 7 burned so hot it collapsed LOL
EXCLUSIVE: New Video of World Trade Center 7 Released Showing Michael Hess Calling Down For Help While He is Stuck in the Building http://www.youtube.com/watch?v=oArHZqyNewE
Via
http://www.newworldorderreport.com/News/tabid/266/ID/5228/EXCLUSIVE-New-Video-of-World-Trade-Center-7-Released-Showing-Michael-Hess-Calling-Down-For-Help-While-He-is-Stuck-in-the-Building.aspx
@Gordo
This Lee guy was a nutjob.. There are nuts on the right. If this guy was a tea partier the left would be all over it. The left can no longer play that narrative. I don’t blame the left for this nutcase
@Snoot….true poety…viceral imagery…5stars to you ,”,The Left has cozied up to the police state with abandon: smoking the post-sex cigarette coyly on the sofa.”
@Marc,
If this guy were some MK – Ultra type he would have killed someone. Maybe he is a total patsy and framed. Or angry, unstable and conveniently wheeled into place. I hope I never meet his psychiatrist or any other. Funny to hear his brother dissing him on the tube…”always contradicting others (morons who buy mainstream BS)…. condescending… (what they deserve).
Hmmm, sounds familiar…LOL. How bout 4 you?
http://www.energy.alberta.ca/OurBusiness/oilsands.asp
Dont worry for us we have oil here ..
We are polluting, but so what England is doing same
http://news.mongabay.com/2010/0304-hance_methane.html
@chArles:
The Left are shockingly silent about the World Bank Group activities. The Left seem to react to leadership in the same way as the Right: without regard for any ethics or boundaries. The Left has cozied up to the police state with abandon: smoking the post-sex cigarette coyly on the sofa. The Left cashes in on deception and human tragedy with rhetoric borne of ineptitude and want. The Left finds solace in chains.
And if the time comes when one is needed, the Left refuses to move from their cloister but Donns the habit of the priest and finds the new body and blood to enslave the weak and the silly.
Hurricane going in direction of New-York. Hurry Cane !
http://market-ticker.org/akcs-www?post=165788
@ This will be a nightmare for the Left.
this is truly a sad day…the duel dreams to maximize human liberty and equality came crashing down…the LEFT across the globe are in a state of mourning as the Enlightenment Projects final nail was driven into the defeated bloated corpse of the Librealism….some wing nut took hostages and wrote a manifesto
come WL all this proves is if you sacrafice enough sheep to the conservative deity eventually some self indetified Libreal/enviromentalist will go off the tracks…the record still stands in America there has not be a recorded case of Left wing violence against a human being in over 20 years…and ELF don’t count… Property isn’t a person, I know that confuses y’all Libertarians sometimes…not to say the left didn’t play with fire…the folks with my political bent destroyed our entire belief system at the turn of the last century by advocating “individual action” and “guns and dynomite”
but ALL every single action doesn’t equal a single year of the Klans actions, trust me those folks probably hated the left more than some of the ayn rand disciples
U.K.: Fears for house prices as mortgage lending hits new low http://www.telegraph.co.uk/finance/economics/houseprices/7974143/Fears-for-house-prices-as-mortgage-lending-hits-new-low.html
driving along Sin City’s famous Strip when their car was pulled over by cops, who chose to search the vehicle after allegedly smelling marijuana coming from the vehicle…….. asked police to escort her into the nearby Wynn resort, so she could relieve herself……..Suspicious police officers insisted she place her purse on a table in a security room, prompting her to ask if she could retrieve her lip balm…..Lt. Dennis Flynn of the Las Vegas Metropolitan Police Department says, “As she began to open it, I saw a
small (stash) of what I believed to be cocaine in a clear baggy begin to fall from the purse and into my hand.”…….It reads like a fairy tale.
Meat sharp price rises have attracted speculative money http://forum.prisonplanet.com/index.php?topic=185312.0
Global meat prices have hit a 20-year high as robust demand from emerging countries has coincided with a drop in production by exporters such as the US and Australia, fuelling concerns about rising food inflation.
“There has been sustained demand from Asia and from the Middle East for both beef and lamb,” said Pedro Arias, a livestock economist at the FAO in Rome, echoing a widely held view in the industry. “But the traders have not been able to satisfy that demand because herds have been curtailed.”
The sharp price rises have attracted speculative money to what is otherwise a niche market in Chicago. The number of outstanding contracts at the Chicago Mercantile Exchange for live cattle and lean hogs futures and options – both benchmark derivatives – has jumped by nearly a third since the start of the year.
But industry executives, traders and analysts said the increase in prices was not due to the inflows of hot money, but rather supply and demand factors. Meat production has stagnated in top exporting countries as livestock farmers suffered a series of misfortunes from severe droughts in Australia and Latin America, to low prices in the early 2000s and record high feeding costs.
At the same time, the growing middle class in emerging countries from China to Brazil is demanding a richer protein diet, further straining the industry’s supply.
“Food inflation is one of the main causes of build-up in inflation we are seeing this year,” he said.
@WL
Trying really hard today.
Famous last words on Canada’s Bubble as they say when not if.
And now this supposed radical. Grasping a little bit no?
I am sure that the MSM will fail at making him equivalent or worse than the multiple right wingers that do actually kill people here.
nice try though but no one buys into that bs
Dog jumps in sea, swims with dolphin
http://thebubble.msn.com/#/video/?id=b1ca964d-4eda-4074-9636-1be171278f76
Wheat
Those godamn speculaters/banksters again I think!
Wheat
+ they got huge stockpiles of wheat
So, strange indeedy!
Wheat
…. other drivers included higher sugar and oilseed prices.
…, this year’s wheat crop would be the third highest ever at 646 million tonnes, five percent down from 2009.
I Have Been Banging the Housing Bubble Gong for a loooooong time here in Canada…..and everyone is in complete denial
you should see the overinflated prices and the amount of houses up for sale in BC…….it’s astounding.
I wonder how much food prices are being driven up with counterfeit money (leverage)?
Rising wheat prices trigger big spike in food costs: FAO (AP) http://www.google.com/hostednews/afp/article/ALeqM5h_a2rrJCnay_hWYRcKKo60_PeV0w
Meat price surge fuels fears of food inflation (Ft.com) http://www.ft.com/cms/s/0/a9f7e874-b600-11df-a048-00144feabdc0.html?ftcamp=rss
Dick Fuld: regulators made financial crisis worse by forcing Lehman into bankruptcy http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7976283/Dick-Fuld-regulators-made-financial-crisis-worse-by-forcing-Lehman-into-bankruptcy.html
Can someone please provide scientific basis for Keynesianism void of wishful thinking, bad history, false assumptions & closed form models? Dan valley
Yeah, the counterfeiting cartel drives people into excessive debt so the government must spend some money into the economy during the bust so the bankers can be paid off.
Jim SayZ……..
Almost all U.S. gold is either in Ft. Knox or West Point, both Army bases. So U.S. gold is effectively controlled by the military
FT’s Martin Wolf joins krugman in saying problem w/ our debt & spending crisis is not enough debt & spending http://bit.ly/9i5SeI
Neo-keynesians busy creating narrative that their debt & spending failures occurring because we didn’t do “more”. Uh huh. There is no more
ADP jobs data awful http://bit.ly/bq8Tgy. So stocks rally because QE2 now likely. Right. Fed now well & truly in charge of all
When someone says we need to expand aggregate demand please remind them demand is infinite at zero price. So, it’s all about the price level
They want inflation both to reduce real value of govt. debt and to scare people into spending money, i.e. increase velocity
Can someone please provide scientific basis for Keynesianism void of wishful thinking, bad history, false assumptions & closed form models?
If Keynes were alive he would not be a “Keynesian”; he was way too smart for that.
Best evidence from Taylor, Barro, IMF & others, is Keynesian “multiplier” < 1. So the more you do, the less you get
this fucker know anything? http://davesnewadventure.wordpress.com/2010/08/21/part-1-neo-conservatism-2-0-the-emperors-strike-back/
Top Ten Country & Western Songs of 2010
10. I Hate Every Bone In Her Body But Mine.
9. I Ain’t Never Gone To Bed With an Ugly Woman; But I Woke Up With
A Few.
8. If The Phone Don’t Ring, You’ll Know It’s Me.
7. I’ve Missed You, But My Aim’s Improvin’.
6. Wouldn’t Take Her To A Dogfight ‘Cause I’m Scared She’d Win.
5. I’m So Miserable Without You, It’s Like You’re Still Here.
4. My Wife Ran Off With My Best Friend And I Miss Him.
3. She Took My Ring and Gave Me the Finger.
2. She’s Lookin’ Better with Every Beer.
And the number one Country & Western song is…
1. It’s Hard To Kiss The Lips At Night That Chewed My Ass All Day.
James Jay Lee mentally disturbed radical environmentalist shooter at Discovery Channel blog demands
This will be a nightmare for the Left. THIS GUY IS A NUTJOB
http://www.savetheplanetprotest.com/
The Discovery Channel MUST broadcast to the world their commitment to save the planet and to do the following IMMEDIATELY:
1. The Discovery Channel and it’s affiliate channels MUST have daily television programs at prime time slots based on Daniel Quinn’s “My Ishmael” pages 207-212 where solutions to save the planet would be done in the same way as the Industrial Revolution was done, by people building on each other’s inventive ideas. Focus must be given on how people can live WITHOUT giving birth to more filthy human children since those new additions continue pollution and are pollution. A game show format contest would be in order. Perhaps also forums of leading scientists who understand and agree with the Malthus-Darwin science and the problem of human overpopulation. Do both. Do all until something WORKS and the natural world starts improving and human civilization building STOPS and is reversed! MAKE IT INTERESTING SO PEOPLE WATCH AND APPLY SOLUTIONS!!!!
2. All programs on Discovery Health-TLC must stop encouraging the birth of any more parasitic human infants and the false heroics behind those actions. In those programs’ places, programs encouraging human sterilization and infertility must be pushed. All former pro-birth programs must now push in the direction of stopping human birth, not encouraging it.
3. All programs promoting War and the technology behind those must cease. There is no sense in advertising weapons of mass-destruction anymore. Instead, talk about ways to disassemble civilization and concentrate the message in finding SOLUTIONS to solving global military mechanized conflict. Again, solutions solutions instead of just repeating the same old wars with newer weapons. Also, keep out the fraudulent peace movements. They are liars and fakes and had no real intention of ending the wars. ALL OF THEM ARE FAKE! On one hand, they claim they want the wars to end, on the other, they are demanding the human population increase. World War II had 2 Billion humans and after that war, the people decided that tripling the population would assure peace. WTF??? STUPIDITY! MORE HUMANS EQUALS MORE WAR!
4. Civilization must be exposed for the filth it is. That, and all its disgusting religious-cultural roots and greed. Broadcast this message until the pollution in the planet is reversed and the human population goes down! This is your obligation. If you think it isn’t, then get hell off the planet! Breathe Oil! It is the moral obligation of everyone living otherwise what good are they??
5. Immigration: Programs must be developed to find solutions to stopping ALL immigration pollution and the anchor baby filth that follows that. Find solutions to stopping it. Call for people in the world to develop solutions to stop it completely and permanently. Find solutions FOR these countries so they stop sending their breeding populations to the US and the world to seek jobs and therefore breed more unwanted pollution babies. FIND SOLUTIONS FOR THEM TO STOP THEIR HUMAN GROWTH AND THE EXPORTATION OF THAT DISGUSTING FILTH! (The first world is feeding the population growth of the Third World and those human families are going to where the food is! They must stop procreating new humans looking for nonexistant jobs!)
6. Find solutions for Global Warming, Automotive pollution, International Trade, factory pollution, and the whole blasted human economy. Find ways so that people don’t build more housing pollution which destroys the environment to make way for more human filth! Find solutions so that people stop breeding as well as stopping using Oil in order to REVERSE Global warming and the destruction of the planet!
7. Develop shows that mention the Malthusian sciences about how food production leads to the overpopulation of the Human race. Talk about Evolution. Talk about Malthus and Darwin until it sinks into the stupid people’s brains until they get it!!
8. Saving the Planet means saving what’s left of the non-human Wildlife by decreasing the Human population. That means stopping the human race from breeding any more disgusting human babies! You’re the media, you can reach enough people. It’s your resposibility because you reach so many minds!!!
9. Develop shows that will correct and dismantle the dangerous US world economy. Find solutions for their disasterous Ponzi-Casino economy before they take the world to another nuclear war.
10. Stop all shows glorifying human birthing on all your channels and on TLC. Stop Future Weapons shows or replace the dialogue condemning the people behind these developments so that the shows become exposes rather than advertisements of Arms sales and development!
11. You’re also going to find solutions for unemployment and housing. All these unemployed people makes me think the US is headed toward more war.
Humans are the most destructive, filthy, pollutive creatures around and are wrecking what’s left of the planet with their false morals and breeding culture.
For every human born, ACRES of wildlife forests must be turned into farmland in order to feed that new addition over the course of 60 to 100 YEARS of that new human’s lifespan! THIS IS AT THE EXPENSE OF THE FOREST CREATURES!!!! All human procreation and farming must cease!
It is the responsiblity of everyone to preserve the planet they live on by not breeding any more children who will continue their filthy practices. Children represent FUTURE catastrophic pollution whereas their parents are current pollution. NO MORE BABIES! Population growth is a real crisis. Even one child born in the US will use 30 to a thousand times more resources than a Third World child. It’s like a couple are having 30 babies even though it’s just one! If the US goes in this direction maybe other countries will too!
Also, war must be halted. Not because it’s morally wrong, but because of the catastrophic environmental damage modern weapons cause to other creatures. FIND SOLUTIONS JUST LIKE THE BOOK SAYS! Humans are supposed to be inventive. INVENT, DAMN YOU!!
The world needs TV shows that DEVELOP solutions to the problems that humans are causing, not stupify the people into destroying the world. Not encouraging them to breed more environmentally harmful humans.
Saving the environment and the remaning species diversity of the planet is now your mindset. Nothing is more important than saving them. The Lions, Tigers, Giraffes, Elephants, Froggies, Turtles, Apes, Raccoons, Beetles, Ants, Sharks, Bears, and, of course, the Squirrels.
The humans? The planet does not need humans.
You MUST KNOW the human population is behind all the pollution and problems in the world, and YET you encourage the exact opposite instead of discouraging human growth and procreation. Surely you MUST ALREADY KNOW this!
I want Discovery Communications to broadcast on their channels to the world their new program lineup and I want proof they are doing so. I want the new shows started by asking the public for inventive solution ideas to save the planet and the remaining wildlife on it.
These are the demands and sayings of Lee.
one of my favorite writers in proving Marx was mistaken about Historical Materialism, (Rudolph Rocker) recounts how Spain allowed their own collective prejudices to get the best of em when they overturned Moorish rule (the Moor’s had imported a greater level of teck in regaurds to textiles) the Spainards smashed this and went back to the original means of production, which was just barely out of the agrarian means of production…point for this ramble (besides I’m bored at work) is that people are for whatever reason unable to overcome some ingrain attitudes/prejudices, no matter what one could bring to show them…a dominant narrative is hard to shake
also the Spainard empire recovered and ruled the world after this folly, then it stumbled upon cheap wealth (raping the New World) and where it once fielded the dominant Navy in the world…the British were able in two generations to overcome this, my boy Rocker would argue as do I that the reason was they had learned a “get rich quick scheme” (the old smash and grab where dispite it’s brutality British rule tried to self replicate itself around the globe thus creating some semblance of new wealth)…the current dominant economic parigdim is in a similiar place…all they know how to do is to inflate bubbles…the laborous task it takes to create REAL wealth (or REAL EMPIRES) is to time consumming and tedious….so they are sitting around awaiting the next bubble, I purdy sure Godot will show before it does
please forgive ramble bored at work
@swell is listening to:
http://www.youtube.com/watch?v=PA11tZVQ6_0
Gold just DIED!
@Stacy
Don’t be so smug, your article source is a political advocacy front group.
This Canadian housing report was done by the Canadian Centre for Policy Alternatives, a progressive left think tank with a reputation for being completely inept. In Canada the left is really left… The CCPA are political advocates.
Wiki
http://en.wikipedia.org/wiki/Canadian_Centre_for_Policy_Alternatives
So, using this report is like quoting Cato Institute Research….You wouldn’t do that would you..
Anyway, the Canadian market is not in a bubble. It is extremely diverse as this is a very big country. Vancouver is an extremely unique housing market for many reasons and has been very expensive for 40 years. Sure, there may be corrections but no bubble. 10-15% at most. Comparing Canada to the US is apples and oranges.
Some points about Vancouver..
Money comes from offshore, external wealth, cash buyers. Half my neighbors are from offshore and nobody has a mortgage.
Vancouver is the place everyone in Canada would like to live, if they could afford it. For the weather. Wealthy retiree inflow.
Geographically limited, mountains Oceans and US border. Can only grow East. Less desirable
No mortgage interest deductability. Incentive to pay down
Capital Gains exempt on Primary home, used as long term investment
Prices too high to generate cash flow on investment property without a huge amount down.
High development costs and rising
Low property taxes. 1.3 million home would be 5000 dollars. That would be triple in California
Flipping home tough with high transaction costs
Tightened mortgage app regulations and mortgage Insurance qualifications
Massive inflow of pension rich Government workers..
A recently implemented tax on new homes has pulled forward sales to beat the tax, so a slowdown is expected.
Is there a Canadian real estate website comparable to Australia’s http://www.realestate.com.au for some price checking?
Brussels wavers not use clearing houses for over-the-counter derivatives trades
European companies look set for a victory in their efforts to persuade regulators not to force them to use clearing houses for over-the-counter derivatives trades after the European Commission proposed that they be given exemptions from sweeping regulation to clamp down on such markets.
The move, contained in a draft regulation, comes after months of lobbying by large industrial companies like Siemens, Eon, Lufthansa and Rolls-Royce.
A clearing house stands between two parties to a trade, ensuring completion even if one party defaults.
Companies use OTC derivatives to manage routine business risks – such as exposure to changes in currency moves and interest rates. They successfully lobbied in the US against being forced to use cleared OTC derivatives.
However Brussels now proposes setting two thresholds that will determine whether non-financial users of OTC derivatives need to use clearing. The draft proposal, seen by the Financial Times, says both thresholds “need to be defined taking into account the systemic relevance of the sum of net positions and exposures by counterparty per class of derivatives”.
From: Brussels set to give way on OTC derivatives (FT.com) Excerpt: http://forum.prisonplanet.com/index.php?topic=185304.0
Your rulers are rebels and companions of thieves; everyone loves a bribe and chases after rewards. They do not defend the orphan, nor does the widow’s plea come before them. Isaiah 1:23
Discovery Channel HQ hostages freed as gunman shot dead
So Austrians are basically business men, disguised as economists, trying to “fix” a monetary system that is operating just as is it is designed to operate? evolutus
That’s sounds kinda harsh but then again their idea of mercy seems to be rapid foreclosure.
Tony Blair memoirs: we must be prepared for attack on Iran http://www.telegraph.co.uk/news/newstopics/politics/tony-blair/7974819/Tony-Blair-memoirs-we-must-be-prepared-for-attack-on-Iran.html
@Mother
The reason there is no exclamation mark on the Spanish keyboard is that Everything they write is an exclamation, so it has lost its impact somewhat.
yup, it’s true, it’s DAMN true LoL
houses and condos here in toronto are fucking WAYYY OVERpriced !!!!!
only an idiot would keep buying ……and we got many of those too LoL
@F. Beard Thank You,
So Austrians are basically business men, disguised as economists, trying to “fix” a monetary system that is operating just as is it is designed to operate?
Is there any indication that the system was designed around the science of behavioral economics? Any Science whatsoever? What happened to The store front of religious “thou shalt nots? [ strangely not one damn religion world wide has stepped up to condemn this very hurtful devious scheme.]
How can U fix something that is not broke?
Also, some, but not all of them, are in favor of reimposing a “government” backed gold standard?? I though we had long established that the “governments” the central banks the world over and plutocracy are but one, simply put money runs and rules, a money system and U and I will always turn up as “greedy” in such a system. A tiny brain region, they refer to as the amygdala controls our fear of loss and is part of our CPU.
Just a stairs are systems designed around our limitations … perhaps that is a starting point?
Ellen Brown I will have a Peek
The Canadian HM , like the Australian HM topped out against Gold in mid 2007……..
http://www.bullionvault.com/gold-price-chart.do
If you had sold in any of the ” hot ” locations then ( 07-08 ) you would have doubled your money.
Now try telling your family and friends that. ( safe as houses they cry … )
Cheers
@Mother Earth
Manyana … Don’t do today what you can do tomorrow
@Nancy S, Long Beach CA
Was mentioned by Stacy in the other thread http://maxkeiser.com/2010/09/01/keiser-report-glenn-beck-the-soupy-sales-tv-clown/comment-page-2/#comment-157612
My answer: MK Ultra mindcontrol Victim – CIA Skull & Bones. On drugs of cause.
A Minsky moment is a situation in which investors who have borrowed too much are forced to sell even good assets to pay back their loans.[1] In economic terms, it is the point in a credit cycle or business cycle when investors have cash flow problems due to spiraling debt they have incurred in order to finance speculative investments. At this point, a major selloff begins due to the fact that no counterparty can be found to bid at the high asking prices previously quoted, leading to a sudden and precipitous collapse in market clearing asset prices and a sharp drop in market liquidity.[1] from http://en.wikipedia.org/wiki/Minsky_moment
Stoneleigh compares the public awareness of Ireland and Canada re: housing bubble :-
http://theautomaticearth.blogspot.com/
@Tom
It’s Al Capone Blood and Gore’s armed revolutionnary carbon credit faction. The Symbiosneeze Credit Carbon Revolutionary Goldman Sachs army. He wants to exterminate all human parasites. This ecologist retard should start by himself. Some of these Greenies are really mentally deranged. Mayve he’s an Exx-Bot committing a false flag attack ?
@MutterErde,… What you doing in Espana,..work or pleasure (I’m training for a job in customs),…. : )
Greetings, woman with mouth taped shut by oil. But they forgot to tape your fingers?
I heard about a crazed environmentalist taking hostages in Maryland. Is Max in the states?
Lucky Larry Silverstein
EXPOSED..
http://www.youtube.com/watch?v=84doiQHJ5rQ&NR=1
for youri and WL.
Yazoo http://www.youtube.com/watch?v=VML1u8KJjEo&feature=fvst
Much love and greetings from balmy Seville where I will behold the Mighty pillars of Amonnnn Raaaahh (cant find the friking exclamation mark on this frinking spanish keyfrinkingboard).Cheers no less..
The question is, why are more us not working towards a complete replacement? evolutis
Good question!
Well, the Austrians want the system to crash and burn so they can buy cheap assets. Also, some, but not all of them are in favor of reimposing a government backed gold standard.
Ellen Brown has some good ideas and I have a few too.
Expecting something else? The monetary system is the monetary system, world wide.
The question is, why are more us not working towards a complete replacement?
Bubble case-studies: Ireland and Canada
http://theautomaticearth.blogspot.com/2010/08/bubble-case-studies-ireland-and-canada.html
Careful what you tweet, it may be completely twisted out of context and used to spawn two minutes of hate against you:
http://www.rollingstone.com/politics/matt-taibbi/blogs/TaibbiData_May2010/197151/83512
A Harper moment Stacy.
@Illoniois
Optical illusion. 200 billion totally hidden in the canadian Fannie Mae. SCHL which is federal government creature, has guaranteed 200 billions potemtial bad debts of Canadian banks. And besides that Ontario is in the same situation as Greece, and Québec not far. Illusion of ilusions Illinois. It’s just that Canadian politicians hide better their game and their fiasco. To be boring has advantages.
Houses are selling at an average of 7,5 the average earnings in Canada. It looks a lot like Australia as a bubble. The most extreme being earthquake prone Vancouver. .
Canada does have a good balance of trade and it’s Government debt is pretty low. I would rather be Canada that the US.
Off topic, but there is a guy holding hostages at the Discovery Channel (see the Drudge Report). His manfesto mentions the “disasterous Ponzi-Casino economy” that will take us into another war.
http://tmz.vo.llnwd.net/o28/newsdesk/tmz_documents/0901_demands.pdf
@F. Beard
Remove ANY monetart priveleges to the bankers. Lending should be possible but it’s vital to remove them the right to create money with credit.
Welcome to the next Ireland. Lucky for us that we have gold, hydo-electricity, minerals galore, forest. land and oil and gas. It’s an ugly bubble. That’s for sure.
Borrowing from the counterfeiting cartel causes bubbles; that should be obvious. With 100% reserve lending, only existing money could be lent. Interest rates would rise but housing prices would drop and people could earn a decent interest rate on their savings. This is, BTW, how most people think banks work. If they only knew.
Robert Pretcher : SCAMONICS 101
Warning Global Fiat Currency Financial System Collapse By Early 2011
http://www.marketoracle.co.uk/Article22354.html
( Short )
He explains in easy to understand steps how we got here and where we go next.