tag:blogger.com,1999:blog-7820485130017459619.post6071280220913398211..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: Economic Crisis - As Expected Government Finance in TattersUnknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7820485130017459619.post-27959547830697824922008-11-23T23:34:00.000-08:002008-11-23T23:34:00.000-08:00your blog very beautiful and more info ,make me e...your blog very beautiful and more info ,make me excited. Congratulation!!megathttps://www.blogger.com/profile/08723856959148608507noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-44434936141734120232008-11-22T20:41:00.000-08:002008-11-22T20:41:00.000-08:00Great article.Thanks for sharing.Great article.<BR/>Thanks for sharing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-67595621293213091642008-11-22T01:30:00.000-08:002008-11-22T01:30:00.000-08:00The counter argument.Hyperinflation, Or Deflation?...The counter argument.<BR/><BR/>Hyperinflation, Or Deflation?<BR/>By Britt Gillette 18 Nov. 2008<BR/><BR/>http://ezinearticles.com/?Hyperinflation,-Or-Deflation?&id=1702532Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-82494487477386163562008-11-22T01:21:00.000-08:002008-11-22T01:21:00.000-08:00The Death of Money: Deflation or Hyperinflationby ...The Death of Money: Deflation or Hyperinflation<BR/><BR/>by Douglas V. Gnazzo. 21 November 2008<BR/><BR/>http://www.safehaven.com/article-11889.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-67046145867154065892008-11-21T14:55:00.000-08:002008-11-21T14:55:00.000-08:00Just a thought. You write that "still the politic...Just a thought. You write that "still the politicians... are turning their faces from reality and comforting themselves with the dream". One could argue that even if the politicians believed every point in your analysis, they would still say exactly the same as they are saying now. The first government Minister to say we were in deep, deep trouble would cop all the blame for the collapse of the pound. But if they keep talking our economy up, any collapse can be blamed on wicked foreign speculators.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-62088659283526436422008-11-21T13:10:00.000-08:002008-11-21T13:10:00.000-08:00"So we are witnessing two simultaneous development..."So we are witnessing two simultaneous developments: Hyperinflation on an unprecedented scale, in the financial realm, and a collapse of physical production worldwide, causing a fall in commodity prices. This is an explosion, not a crash, and that is plain to see. Only dummies could miss the true significance of the current phase of this systemic disintegration process.''<BR/><BR/>http://larouchepac.com/news/2008/10/20/larouche-dummies-dont-understand-it-not-crash.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-32427427743403398662008-11-21T09:41:00.000-08:002008-11-21T09:41:00.000-08:00Cynicus,I am working my way through your articles ...Cynicus,<BR/><BR/>I am working my way through your articles and am most impressed by your logic and reasoning. <BR/><BR/>When you next can find the time: <BR/><BR/>Would you please explain the consequences of a UK sovereign debt default and its impact on the real economy?<BR/><BR/>What you think would happen to currencies that are pegged to the US dollar (specifically the Bahraini Dinar) in the event it collapses: could they just de-peg or would they get dragged down too?<BR/><BR/>Many thanksJonnyhttps://www.blogger.com/profile/16119442844302447926noreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-38006194945961374082008-11-21T05:37:00.000-08:002008-11-21T05:37:00.000-08:00One thing I'd like to know, what does it mean for ...One thing I'd like to know, what does it mean for day to day life when a country defaults. I'm in my 20's so have never experienced a recession or economic crisis.<BR/><BR/>My rent is up in March so I'm seriously thinking about leaving the UK. Still not sure if I'm over-reacting. <BR/><BR/>Maybe I'll head to Canada or China for a year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-67979653303799902962008-11-21T03:56:00.000-08:002008-11-21T03:56:00.000-08:00Thanks again for your posts.I agree with Steve Tie...Thanks again for your posts.<BR/><BR/>I agree with Steve Tierney that this could hopefully have a silver lining, but we have to be aware of who emerged from Germanys financial mess in the late 1930's.<BR/><BR/>Anyway a question, some of my family members have their life savings in irish banks. Would you agree that Danish / canandian banks (which I have access to) are now safer? <BR/>Is there a way to quantify how secure banks/nations are or is it all secret? Danske Bank worries me as they own two irish banks which I am convinced exposes them to a lot of toxic waste. So i am thinking of switching to Nordea, but it is all guesswork. <BR/><BR/>I know it is neither you duty nor your function, and anything you say will be nonbinding etc. but you are one of the few economic commentators I feel I can trust (though of course nobody is infallible). <BR/><BR/>Regards and thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-68951233022309087842008-11-21T03:52:00.000-08:002008-11-21T03:52:00.000-08:00I have been bogging like crazy recently in relevan...I have been bogging like crazy recently in relevant posts in the main stream media. On many occassions my comments have been moderated off, which I find a little sinister, given that the content of my argument mirrors what you have been arguing for some time and cannot in any way be considered off topic or offensive by any stretch of the imagination.<BR/><BR/>Where I have managed to get through, I have been unable to solicit a single answer that seriously questions your conclusions of what is about to unfold.<BR/><BR/>Instead, the public at large appear to want to continue in partisan tribalism and wishfull thinking.<BR/><BR/>When realisation en masse finally dawnes, the resulting chaos will be all the more painfull.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-8948960502479697642008-11-20T17:10:00.000-08:002008-11-20T17:10:00.000-08:00Its interesting that you remain so adamant that th...Its interesting that you remain so adamant that there will be a sterling default. It's one of the reasons I enjoy (if ENJOY is the right word for this situation) your blog so much, you aren't afraid to make bold predictions.<BR/><BR/>If you're wrong, having made such a dramatic and bold pronouncement: "Its no longer a matter of if, but when..." then you'll permanently damage your credibility. But if you're right, you'll be a guru par excellence.<BR/><BR/>Mostly, I agree with you. But, like many others, I'm caught up in the "surely this can't happen" mindset. I hope you're wrong, but I can't immediately see a problem with any of your arguments. Which is bloody scary.<BR/><BR/>I would just say one controversial thing, though. Maybe this disaster, if it happens, will have a silver lining. In the end, even if we have a sterling default, wheat wont stop growing in the fields, apples won't stop falling from the trees. It'll be hard, miserable and frightening, but its not the same as a Tsunami, or a Genocide. We might come out of it wiser, stronger and with a better understanding of the value of things like manufacturing and farming. Maybe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-77055839384855455802008-11-20T13:34:00.000-08:002008-11-20T13:34:00.000-08:00Death to Bubble Addicts calling - please feel free...Death to Bubble Addicts calling - please feel free to post the link to ADVFN, a page where we try and preserve capital.<BR/><BR/>I am currently amazed by how the elite think we are going to have a V shaped recession and we'll bounce back in late '09. They are insane - bonkers. The incompetence of the elite is staggering.Anonymousnoreply@blogger.com