I didn’t know that so forget this comment that it would be interesting to know about life in Russia, should read your excellent site first..

I was in Russia in 2003, extremely nice people. Everybody was so nice. So easy to get along with everybody, very different from Europe. Anyway, married a Russian and learned also some disturbing things but they prepared me for what’s probably coming. So buy gold.

Anyway, I also figured a crash would come but didn’t know exactly what year, I figured it would be 2009 and it was 2008, stupid. But I did get out of gold stocks in 2007 and back in at the end of 2008, beginning of 2009.

To make it very abstract, we are quickly approaching HISTORICAL TIMES, there will be events that are going to be horrible. The world is turning to socialism/ fascism again…. so buy gold and gold stocks, that’s what the rich do to preserve their wealth. You can hitch along.

Nice girls on the pictures. How’s live in Russia? Would be also interesting to learn a little about that..

A well deserved pat on the back there. That article brought back memories. It was in the first ever issue of the Exile i read and the only issue I’ve ever had a hard copy of it; I was visiting Moscow at the time and was amazed at how different it was from ANY other magazine I’d ever read. I kept it and still have it now…

To be honest, it wasn’t in itself THAT unusual an idea in the UK at least, (smarter British financial reporters like Anthony Hilton and Larry Elliot had been writing about it in the financial pages as well as goldbug assholes like Bill Bonner at the ‘daily reckoning’ website have been banging on about economic catastrophe stuff like this for years) but what was surprising was seeing it so vividly written in black and white on paper (instead of just on the internet) and available for free all over the city. It made me realise just how narrow the range of ideas discussed that make it to the print media actually is.

There was however another article in the same issue, which was about something pretty amazing which hadn’t even occurred to someone as smart as me. It was a fascinating review of the hit Turkish flick ‘Irak : Valley oif the Wolves’. I know you make a point of pretty much ignoring comments but you really ought to retrieve the article from the vaults about how we NEVER see a film with the Americans as the bad guys in a movie…

Is it gum, or do you have the world’s largest molar?

In any event, well done sir!

Re: predicting the collapse… Mike Ruppert back in 05/6 practically begged people to sell their homes and buy gold. Damned good advice!
If you accept the Peak Oil interpretation, light sweet crude production hit a peak in 05, and has declined since. Even throwing in shite like tar sands as oil has barely allowed for a production increase – and we seem to be on a plateau.

Expensive oil = Big Trouble. Google “TheAutomaticEarth” for continuing analysis of the meltdown, as well as “The Oil Drum” for coverage of the energy situation.

For a much more comprehensive look at the once-in-13-generations financial mania and contemporary analysis (not a post-mortem), try this:
http://www.elliottwave.com/more_info/mania-chronicles/default.aspx?code=oco

Of course, at $119 plus S&H it’s probably only for those who got the timing right, too.

“Every page includes compelling and often astonishingly accurate forecasts along with the inevitable miscues, to which the authors adjusted as required. In every instance you are there, experiencing events as they happened. From size alone, you can tell that this is not the sort of text you read in a few sittings. it’s an encyclopedic resource that includes a full index and table of contents, so you can search by topics that interest you most, whether they be financial or cultural.”

I don’t know who all does it, but if I had job I would pay good money for them to keep at it.

It’s good stuff.

No job or life that is how I am able to pay for the broadband connection to comment on this site.

No life who is the one monitoring, censoring and editing comments?

Inflation was printing too many worthless bills without an asset base to bubble, be that tulips or buildings. Seems you missed the point.

200 years ago Americans used colonial scrip, which consideration for economic assets. Inflation was nonexistent, and the US grew so quickly that England instigated the revolutionary War, indebting all Americans to the Bank of England. This tribute you now pay is commonly known as income tax.

Everybody knew about the coming crisis that is like predicting each new US president will be involved in a war or conflict.

LaRouche is a pastry chef and by gum I dream of having a pastry chef like him babysit my kids! Wouldn’t you?

Strategic Analysis | April 2007
The U.S. Economy: What’s Next?
The collapse in the subprime mortgage market, along with multiple signals of distress in the broader housing market, has already drawn forth a large body of comment.
Strategic Analysis, April 2007

Strategic Analysis | November 2006
Can Global Imbalances Continue?
In this new Strategic Analysis, we review what we believe is the most important economic policy issue facing policymakers in the United States and abroad: the prospect of a growth recession in the United States.

Strategic Analysis | May 2006
Can the Growth in the U.S. Current Account Deficit Be Sustained? Can the growth in the current account deficit be sustained? How does the flow of deficits feed the stock of debt? How will the burden of servicing this debt affect future deficits and economic growth?

Strategic Analysis | January 2006
Are Housing Prices, Household Debt, and Growth Sustainable? Rising home prices and low interest rates have fueled the recent surge in mortgage borrowing and enabled consumers to spend at high rates relative to their income.

Strategic Analysis | March 2005
How Fragile Is the U.S. Economy? As we projected in a previous Strategic Analysis, the United States’ economy experienced growth rates higher than 4 percent in 2004. The question we want to raise in this Strategic Analysis is whether these rates will persist or come back down

Strategic Analysis | April 2004
Is Deficit-financed Growth Limited? Wynne Godley, our Levy Institute colleague, has warned since 1999 that the falling personal saving and rising borrowing trends that had powered the U.S.

Strategic Analysis | November 2002 (!!!)
Is Personal Debt Sustainable?
The long economic expansion was fueled by an unprecedented rise in private expenditure relative to income, financed by a growing flow of net credit to the private. On the surface, it seemed that the growing burden of the household sector’s debt was counterbalanced by a spectacular rise in the relative value of its financial assets, but this was never a match among equals, and the great meltdown in the financial markets has proved this imbalance to be true.

nah, i’ll direct you to some more serious stuff:
The Falling Rate of Profit as the Cause of Long Waves: Theory and Empirical Evidence

(of course, bankruptcies, whose proximate cause is being unable to pay debts are a typical thing during all economic crises. but to say that an excessive debt burden caused a crisis is simply a tautology. the question is: why does value production (again and again) become too anaemic to service debts? this is the Big Question.)

It’s called fractional reserve banking. The Rothschilds [FED] call loans, and your branch bank must call 100 times that amount. Instant world depression right on a laptop! Then they buy everything at firesale prices. They teach schoolkids that is the “business cycle”, and the circle is complete.

1) In this picture you look like a Roman

2) You know it’s possible to bet short on the markets, right? There were so many fat, juicy companies out there from 2006-2009 that clearly had negative profits, poisoned balance sheets, and were waiting for government bailouts that it was like a fucking turkey hunt out there.

now of course the really hard thing to explain is why the crisis is so deep. and I don’t think that the housing bubble-bust is sufficinet to explain that.

pretty much even with sept 08 and even a bit ahead.