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Old 02-14-2014, 04:10 AM
Danny B Danny B is online now
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Charles Hugh Smith

The ECB wants unlimited printing to save the banks. The Germans say NO!
The ECB has come up with an alternate solution. "Europe Considers Wholesale Savings Confiscation, Enforced Redistribution"
Europe Considers Wholesale Savings Confiscation, Enforced Redistribution | Zero Hedge

This is an article about the FED's "nuclear option". The FED could just buy all failing assets. "The New York Times recently published an article that nails the core issue in the entire U.S. economy: the top 10% is the only segment able to support additional consumption"
"This raises an obvious question: can the excess consumption of the top 10% support every mall, strip mall, premium outlet and retail center in the U.S.? "
" The Fed can buy half the U.S. stock market, all the student loans, all the subprime auto loans, all the defaulted CRE and residential mortgages, and every other worthless asset in America"
"Holders of disintegrating assets will be delighted to sell the assets to the Fed, of course, but that won't fix what's fundamentally broken in the American and global economies"
charles hugh smith-The Federal Reserve's Nuclear Option: A One-Way Street to Oblivion

Another article from Charles Hugh Smith;
" Our Middleman-Skimming Economy

The Internet is enabling sellers and buyers to bypass the predatory State and the parasitic middlemen the State enforces."
"Here's the deal between the two worlds right now: the Status Quo is dying but trying to take everything with it and the other is trying to hold the old world up enough to avoid complete collapse, buy time, and construct the airplane of the new world, all while flying."

"Here's the Status Quo arrangement: the Elites trying to take everything they can before their vast skimming arrangement finally collapses:"
oftwominds-Charles Hugh Smith: Our Middleman-Skimming Economy
"In our middleman-skimming economy, the State partners with various private cartels to fix prices, guaranteeing immense profits for the corporate cartels and the State functionaries who enforce the involuntary trade."

"In a no-middleman system such as the one I propose in The Nearly Free University and The Emerging Economy: The Revolution in Higher Education, students (buyers) pay the lecturers, working professionals/mentors, adaptive learning providers, etc. directly, cutting out the middleman universities entirely because the system is based on the professional model of accredit the student, not the institution."

Repost: Bloomberg said that we will be a service economy;
Bloomberg Businessweek says: “Factory Jobs Are Gone. Get Over It.” | Robohub
Gordon long points out that the service economy is quickly dying because of automation.
02 03 14 - Macro Analytics - THE RETAIL CRE DOMINO w/ Charles Hugh Smith - YouTube

Here's a vid from the good old days;
Pangea - Fantasy Animation HD - YouTube
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