Roubini Discusses Exit Strategies and Growth in Emerging Markets
All rights reserved, Roubini GlobalEconomics, LLC. Opinions expressed on RGE EconoMonitors are those of individual analysts and may or may not express RGE’s own consensus view. RGE is not a certified investment advisory service and aims to create an intellectual framework for informed financial decisions by its clients.
13 Responses to “Roubini Discusses Exit Strategies and Growth in Emerging Markets”
Debt slaves, if you don’t want to throw yourselves under crushing mountains of debt anymore, government will do it for you in your own interest. By the Trillions.One nice thing about skyrocketing debts: the little percentages for the sticky fingers creating it are skyrocketing too.Change? Rather not, if you ask the Debt Masters and those who speak for them.
speaking of debt as a sabre to destroy people andsteal their value and valuables in a field of denied asset inflation, bubble-nomics, dellusional growth and spine crushig fraud…not to leave out stupidity elevated to a rarified form ofbliss and full time, well paying, occupation.(both senses of the word). i.e. no integrity (self) permitted..http://globalresearch.ca/index.php?context=va&aid=18386.“Kathy Kristof writes for Forbes on the “Great College Hoax,” where students are cultivated with an image that college is a “sure-fire path to a life of social and economic privilege.” She tells the story of two students, who got into debt to go to law school, got married, and suffered under the burden of debt servicing, citing it as a major facet in their divorce. Kristof writes:.”The two disillusioned attorneys were victims of an unfolding education hoax on the middle class that’s just as insidious, and nearly as sweeping, as the housing debacle. The ingredients are strikingly similar, too: Misguided easy-money policies that are encouraging the masses to go into debt; a self-serving establishment trading in half-truths that exaggerate the value of its product; plus a Wall Street money machine dabbling in outright fraud as it foists unaffordable debt on the most vulnerable marks.”.In January of 2009, student loan debt in Canada had reached $13 billion, which “does not include debt from provincial student loans or private debt, such as lines of credit.” Thus, says one commentator in the Georgia Straight, “Today’s generation of students is living in a debt crisis like no other in Canadian history.” The article continues:”Federal and provincial funding cuts to postsecondary education have created this debt crisis by passing the burden of funding our public education system on to those who can least afford it: students. According to Statistics Canada, tuition fees in British Columbia are nearly 10 percent above the national average, at just under $5,000. High tuition fees and student debt have undeniable long-term consequences on students and our society as a whole.”The Wall Street Journal reported in September of 2009 that even in the midst of the economic crisis, student loans in the United States were rapidly accelerating:”[T]he total amount borrowed by students and received by schools—in the 2008-09 academic year grew about 25% over the previous year, to $75.1 billion. The amount of money students borrow has long been on the rise. But last year far surpassed past increases.”“…comment: it is only right that the society or culture thatfeeds it’s young to the sharks like bloody chum should sufferin the hell it has created. those young that fail will be aburden and those that succeed will be the zombies they have beentrained to be and will come to feed on their elders for makingthem the blood suckers they have become. ie. “contemporary civilization.” a stage in the ongoing insanity involvingthe human mind as it relates to identity, comprehension,existing structures and functions..yes, the bankers and wall street will see the apocalypse asextremely profitable, a money making opportunity. their function,to canablize you and your children, sound familiar?it’s a new world order, finance led, globalization thing, probablyinevitable given the state of man and his capacity for comprehensionwhile mostly engaged in groveling in a state of terror and bowelloosening fear…self inflicted..the question is where is the leverage point on all of this, as allthe world can be moved with almost no effort or force at all if youknow where to apply that little bit of almost,,, nothing..did someone say alchemy? or magic?.and while we are trying to figure it out people are dying bothfrom the outside in and the inside out..the leverage point is the self, he thought. or control your ownmind. first. this gives you leverage. not certification or credentials but real power. abilities. not data or statistics,your mind as it is the universe /2.or something like that..and this little bit….”The result of this will be the decimation of the public sector, as areas of education and health care as well as other public enterprises are dismantled, privatized and sold off to mega corporations and banks for pennies on the dollar, as a devalued currency would make purchasing companies and assets much cheaper than before. Concurrently, a massive privatization of infrastructure will take place, as roads, resources and other public assets are sold to multinational corporations. What will follow is what follows every time this is done in a ‘Third World’ nation: massive layoffs, spiraling unemployment and soaring poverty rates. “….,comment: and they will do it with taxpayer money! what a deal.they know the leverage point, so should we. finance led treason,systemic treason, important and ongoing. too corrupt to fail?.”In mid-September 2009, the BIS warned that, “The global market for derivatives rebounded to $426 trillion in the second quarter [of 2009] as risk appetite returned, but the system remains unstable and prone to crises.” The derivatives trade had risen by 16% “mostly due to a surge in futures and options contracts on three-month interest rates.” In other words, speculation is back in full force as bailout money to banks in turn fed speculative practices that have not been subjected to reform or regulation. Derivatives markets pose “major systemic risks” for the global financial system..The destructive practice of financial speculation, largely operating through the global derivatives trade, remains totally unregulated and continues to be active and growing. This only suggests that as nations around the world begin to buckle under their debt burdens, the major financial institutions (along with the global central banking system) which were the key architects of the global financial crisis, will now be able to profit from the collapse of nations.”…… and no one in government can see or do anything about it? of course not, they get paid to facilitate it. shadow type stuff.as was said politics is the art of selling out your constituency, orwords to that meaning..”who will stop the rain?” d.fogerty.
http://www.youtube.com/watch?v=CBSNTxPM3mU&feature=related.and more similarities in odious selling offof that which was once thought to be “of the people”,that being their representation, (voice), to the highestbailedout bidder, paracitic corporate interntional vampire zombiebankers with the blessing of the the supremely odiouscourt. ala argentina and the great “privatization”, comingto a theater near you.”privatization” meaning remote raping at a distance or as theyused to say “land grab” for fun and profit, you know, “how theworld works”. man is very sick and needs help. vision.”everybody knows” l.cohenhistory recapitulating while “leadership” is caught mastrubating,again and again and again….. etc. it is a recapitulating andrhythmic thing..notice how well the groundwater burns in the link provided..”burn, big river, burn on.” r. newman
Western Civilization and the Economic Crisis: The Impoverishment of the Middle ClassWhen Empire Hits Home, Part 2by Andrew Gavin Marshall.forgot this. apologies.
“the mafiocracy unites businessmen, government officialsand magistrates, trffickers and bureaucrats, union leadersand media moguls. their complicity was only matched bytheir hypocrisy.”….money laundering….( check out the big names ).http://www.youtube.com/watch?v=nnig3LwEs3Y&NR=1.Argentina's Economic Collapse – Part 9 of 12.the movie..now available at theaters near you…at time 9:50….”it’s totally unethical, an inconceivable cruelty.”.the blessing and gift of “leadership” in ignoranceand denial. ( on the take as they used to say ). orhome grown terror. new terminology..too insane to fail! too failed to fail!mafiocracy. failocracy. the high order ofthe failocracy. only a natural result ofdebt as currency perhaps.
Is the Fed Likely to Act If There Is Another Stock Market Bubble?http://jessescrossroadscafe.blogspot.com/.william black. systemic fraud reviewed.
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4917.transcripts of william black interview.
how to rob a country.
“. My phrase always is: what would it take if the greatest economic catastrophe in 80 years, if an epidemic of fraud by your top elites, if the corruption of your most senior professionals in accounting, law, appraisal, rating agencies, isn’t enough to make you fundamentally reconsider and say we are headed along a disastrous path, what will it take? Because the next big one will be even worse.”.w.b.